Transcripts For FBC Bulls And Bears 20140202 : vimarsana.com

FBC Bulls And Bears February 2, 2014

Welcome, everybody, gary bb. , wrong or right time . Completely wrong time. Heres the problem, government telling business what to do is like me telling Peyton Manning how to be a Great Quarterback on sunday. I apples to oranges. Look, i dont think anyyun one in government has the foley for how businesses work, the bottom line is, how to improve this efficiency. We always raise the example of silandra as a government failure example. There is a dozen other companies if not more. Abound sol ar, we last 179. Range fus, 162 million. The chevy volt, for example, has not budged an inch on yeartoyear sales on 20122013. So for government, brenda, to tell business what to do, its insane. David, does government have a role with wages . They certainly do and they have a history of doing so. The minimum wage has been cast wages have been passed several times. The last time was not until 2009 under george bush and its about high time those wages were increased. And if you want to do business with the government, then you need to pay a decent wage, not subsidized by the government, i might add, with food stamps as we have seen with walmart and other companies. To add to that, 76 of the American Public wants to see an increase in the minimum wage. 19 states have a minimum wage above the federal wage now. You have 13 others pursuing the same and it just happened in new jersey, actually putting it into just more inflation in new jersey in the constitution. So i think its about time we raised the minimum wage. Really, john, is there any time the government should be telling business how to run its business . Not with these guys, good, lord, they cant build a website despite spend theing billions of dollars. Everybody goes after walmart. I dont want to go after walmart, but they pay a lot more than your minimum wage. David is right about this needs to be taken out of government hands, how does president obama dede its 10 . Last year he said it was 9. Why not make it 15 . This is insane t. Average minimum worker, that household brings in just over 5,300, there is not a correlation for minimum wage than any part of the economic sprek e spectrum as far as poverty is concerned. Take this out of governments hands, link it to Something Like inflation and a basket of wages, then you dont have a Political Tool like president obama is using. Okay. Jonas, i know you think that government has a role in regulating business, but are wages, should they be a part of that . Thats a tough call. At least i would say you are not in a recession, you feed low wages to suck up the labor force. We already know the government regulates safety and environmental roles because a Company Might still garbage if a river if there wasnt a rule against it. The government taught them how to run the business, that would be a mistake t. Question is, do wages fall into this area . Is there elements of greater good . Does it cost the society when target or somebody pays a lower wage . Education costs go for taxpayers. Prison costs go up for taxpayers. Is it cheaper to actually make the company pay . Meantime, consumer its an experiment. Id like for the see what would happen to other costs of government. Maybe there is a balance. Im not sure its there. I know its there for the environmental roles. Its not there. Its not there, joe. You know what, you raise minimum wage, you lose jobs at the end of the day. That means people are not bringing any money home or adding anything to society. Therefore, we got welfare and food stamps, its going higher and higher by the second. More and more people on i, why . Because they have minimum wage. You cant have a mom and pop pizza place in need of a dishwasher when you keep raising minimum wage, they will say, heck, we will watch them ourselves, that does not help the economy. They raise the pizza price. You have a fancy piece of wage, not me. The mom and pops i go to, its still a buck 50 t. Problemis, we are n seeing that other people are getting jobs off of this. I think thats the problem and i guess when you sit in your oval office, you dont get to the local mom and pop pizza place all too often. You dont realize what the trickle down effect is and how it keeps peopl out of work instead. What do you think about that, david . This is pretty much the supply and demand . It is. But there was a study in 2006 for the center of American Progress that showed in a comparison of states that did have a higher minimum wage did much better on the employment front than those states that didnt have as high a minimum wage. So its been documented and its empirical that in raising the minimum wage, you also incase wages or the wage scale for others to have an increase as well. There are lots of studies and there with is lots that go into the unemployment rate. Gary, what do you say about that . Look. Ill see your study, ill raise you two studies. You know, this isnt the problem of how the left thinks. They think the image ec panacea is give them more money. Unlike businesses, they never think about the next step. Say i have a pizza shop and i now pay my employees, the minimum rate goes up and i pass, where does the government think that money comes from . It comes fom the pizza shop owner. From the end of the year, he has less money. He doesnt open another pizza shop employing more people. The government says, ah, pay them more money, problem solved. Its easy. They never think like a business sense, thats the problem. Thats why i can go on and on with the business failures. They dont get it. I think you and tracy and jonas should start a pizza. Jonas. Weigh in. I will do one as well and also pay fair wages and well compete. You will be out of business in a 84, dont worry. Jonas what do you think . The price of cheese goes up every 84. It doesnt put everybody out of dz za business. The price of cheese goes up for everyone, jonas. Thats what would happen with the minimum wage. Im not denying the prices would go up with a higher minimum wage for consumers. Thats whats going to get hit. Doesnt it create maximum employment like in france . Maybe going to a 20 minimum wage. I think somewhere 1012 index. We will raise prices for consumers. May lower their taxes. Consers will have more to spend. The difference is, i need to buy the keyes, so im going to buy the cheese. I dont need to employ the people. Can i do it, myself. So i can be an disastrous pizza owner. It will get me really tired at the end of the day, because i have to put that extra money into the rising cost of seeds. John, last word here. Understand, this is a litical distraction, though, president obama has 50 Million People almost in america in poverty. They need jobs right now and raising the minimum wage on 200,000 people, this does nothing . What happened to the president who wanted to cure cancer . This president does something for 200,000 people out of 140 Million People working. He could have done something to fix the minimum wage, where you have bipartisan support. Instead, he doesnt do that, this was political grandstanding that does absolutely nothing. Okay. Its created 8 million jobs. 1 million less jobs now than we started, david. That is a fact. 1 million less jobs by the bureau of labor consistency is there that will be the last four guys. Coming up. I feel on fire. That costs 1. 3 million bucks for Richard Simmons. He is working it. He is strutting his stuff to promote get covered with obamacare t. Same get covered that could have some americans handing over their personal welcome back. How is everything . Theres nothing like being your own boss and my customers are really liking your flat rate shipping. Fedex one re. Really makes my life easier. Maybe a promotion is in order. Good news. I got a new title. And a raise . Management cldnt make that happen. 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They outsource the website to a Montreal Company a i guess there e no engineers in america. Now they have criminals allegedly working for them. There is no quality controls, there is nothing put in place. They rushed this thing through and we are seeing what happens when the ideologues dont know anything about business do something. These criminals paid their debt to society. What is wrong with hiring them . Thats right this country incarcerates a lot of people. Who else is going to hire these excons, they can look at their background records, your bankruptcy timeing is off your cord after a certain amount of years. These people never get jobs . Isnt the prison supposed to be the punishment, not you cant get a job the rest of your life because you were in prison . Who else is going to hire them . I say its better than putting them in prison. Also, is this the best way to get our data, if you were an excon, wouldnt you buy it from taet hackers . Why would you get a low paying job in walmar is our insurance rate concerning excons, arent they getting candy, theyre getting Social Security numbers, so much Financial Information . Exactly, you might as well run a list on craigs list saying free government money. Ill give you an anecdote. In 2007, a Medicare Task force investigated 1,500 random businesses associated with medicare in florida. They found nearly 45u6789 didnt exist. Yet those same 500 companies billed the government almost 250 million. If you he nigerian and russian mobs involved, a new york crime mily that moved to florida because of medicare. Any time the government runs something this massive, whether medicate, medicare, its like i said, its free money. It attracts the criminal element the government is like asiv with our money. Convicted criminal, what do you think of all this . I think, look, we are all concerned about our private data compromised. As we saw recently with target. It can happen in the private sector as well as the public sector. I think they do have measures, whether its background checks or the exclusive party lists, which is government maintains anybody not in business with the government to do business with the government. We hope with this information that we are now talking about as well as the further monitoring that we wont have the excised data. We can go on to doing more than 3 hill enrolled in the Affordable Care act. This is so much bigger, brenda, first of all, who made the decion to put Richard Simmons in tights . Second of all, Kathleen Sebelius said we should hav done more background checks on these people. Third, i get the notion we should give convicted felons a second shot in life. Promote it. Say, hey, this is what we are doing. Thats not what happens. All it does is lead to more skepticism about obamacare and other spoofs that will show up down the line. You mention Kathleen Sebelius. She is the head of obamacare. John, what do you think . Look i have no problem with people who have committed a crime getting a job. Why should you put them in charge of da that they can breach an use . Its the reason you do background checks on people. If a person has a problem he did in the past with money, you dont put him in charge of your companys cash register. There is no quality control. Okay. Thanks, guys. Are the very people the Health Care Law were meant for rejecting it . New numbers on the uninsured are out. The ka have you that gang warning, taxpayers may be out of luck because of it. Thats at the bottom of the hour. First, forget a beer run, how about a beer Drone Deliveries . The brewer rying to do it. Why the government just grounded it. vo you are ausiness pro. Seeker of the sublime. You can separate runway diculousness. From fashionhat flies off the shelves. And you. Rent from nation. Because only national lets you choose any car in the aisle. And go. And only national isanked highest in car rental Customer Satisfaction by j. D. Power. natalie ooooh, i like your style. vo so do we, business pro. So do we. Go national. Go like pro. You know how panful heartburn can be. For fast, long lasting relief, use doctor recommended gaviscon®. Only gaviscon® forms a protective barrier that helps block stomach acid from splashing up relieving the pain quickly. Try fast, long lasting gaviscon®. Relieving the pain quickly. To manage your money. R guy arnd 2 percent thats not much, you think except its 2 peent every year. Go to e trade and find out how much our advice and guidance costs. Spoiler alert. Its low. Its guidance on your terms not ours. E trade. Less for us, more for you. Okay. All you super bowl beer drinkers listen up. Dont plan on getting your brew delivered by a drone because the faa just banned the maker of lake made beer from doing it. They say its for safety reasons. Gary b. We talked about this a few weeks ago with the amazon thing. They were going to go to urban areas and there was all Social Security issues, but some companies have beer frozenly, if anyone deserves bore like that, frozen fishermen. I feel badly for those guys, get the government out of the froze Beer Industry and let the market roll. You thinkhere is a much larger humanitarian issue here . Yes, you are apply supplying beer to fishermen. Do you want drunk fishermen to drive across the lake . What are the drones going to crash into . A northern pike . This is ridiculous. Slap in the nachos, the beer, everything. David, what do you think . I love the idea. I cant see from a practical standpoint the cost benefit analysis of a six pack of beer paying 300 delivered by a drone. Do you want beer real bad, david . I mean, forget the e. You put a bottle of pinotnoir to come to my front door. Okay. Jonas, i know you want your beer. You want it bad. What about this drone idea . Its tehnology, its going to get cheaper. If the government doesnt crack down, it wont cost a lot of money. They will be doing all kind of nk. I said it before, the claws will be black. Oh my god ins. These sportsmen go out drunk fishing dont feed liquor delivered on noisy helicopters making a nice, peaceful tranquil place. You dont understand this ice fishing thing. Thats what happens, they will fly over the beaches. They have those stupid things the clubs going by. If your horse and buckgy is waiting for you outside the stio when you are done. Dont let the drone lobby get bigger than the politicians. I dont know, gary b. , tracy, i think you can leave them out of your piece of business now. Theyre delivering wine to my pizza place. Okay. I have to give the last word to who else, but john . I want to order a drone by drone is what i want to do. If you ever been stuck on a lake, david, you will pay whatever it takes for a six pack of beer, i promise you. Thank you, guys for joining us. Are you ready for football . Coming up with a special cast, hey, eric. Reporter hey, brenda, we are here at the heartbeat of capitalism, american capitalism. Times square, super bowl boulevard. We will talk about the white house attacking the oil industry. With understand the research happens, thats capitalism 101. We will also talk to rand paul about the gender pay gap. We will have all that to you cashing in. All right, eric, we will be watching for sure. But first, get yo game day bear on right now. Fox super bowl. The guys name the winning stocks and winning team. Check this out, they have never been wrong about picking the champ. Not once. You got to hear this. I love to eat. I love hanging out with my friends. I have a great fit with my dentures. I love kiwis. Ive always had that issue with the seeds getting under my denture. Super poligrip free it creates a seal of the dentures in my mouth. Even wellfitting dentures let in food particles. Super poligrip is zinc free. With just a few dabs, its clinically proven to seal out more food particles so youre more comfortable and confident while you eat. Super poligrip free made the kiwi an enjoyable experience. [ charlie ] try zinc free super poligrip. Guaranteed winners, gary b. Take it away. I will go with the broncos, bren zsa and chipotle, cmg up 20 by the end of th year. Theyre eating brownies. Tracy, you read my smart brain, Peyton Manning all the way. Jonas. Seattle and exactly whats going on the red box in the corn star, a lot of shorkt going on, 20 off in six months if they have good earnings next week. Gary b. The betting is right on that stock. John. Your prediction. Bell and consumer up 20 in the year. John you used to play in the nfl. Jonas bull or bear . On your portfolio. Go 49ers. Some day, please. [ music playing [ music playing ] is obamacare on life support . It appears even the people supposed to help dont like it. Hello, im in for neil cavuto. The former president ial candidate mitt romney sitting down with feel before the president s state of the union speech. The real parliament, ifident people time and again they can keep their insurance if they want it. They can keep their doctors, that promise about keeping their insurance, he violated. He knew it at the time. He was dishonest. That is something which he should apologize profusely. Guess what, no apology. In fact, not much on

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