Transcripts For FBC Markets Now 20131121 : vimarsana.com

Transcripts For FBC Markets Now 20131121

A lot coming up this our and interesting stuff happening on the floor of the senate. We will look at the floor and Senate Majority leader harry reid introduced the Nuclear Option which would allow, Minority Leader Mitch Mcconnell responding to senator reid, all of certain motions in the senate to pass by majority vote, 51 votes rather than 60 votes. Republicans are not happy about it to say the least, think that getting ugly. We will talk more about it has the power goes on. The thick argument from the republicans is democrats are trying to say a change the subject from obamacare with which mcconnell said majority leader promised he wouldnt break the rules to change the man he may as well have said if you like the rules in the senate you can keep them. You get the reference. That is interesting. Rich edson will come up and we will have Dan Henninger on. Mack breaking news, anything you can talk about. Lets go. Changing the filibuster rules in the senate. We are going to do it. Talk about markets right now close to 16,000 on the dow and Nicole Petallides on a rally at the Stock Exchange. Nicole good morning. You are absolutely right getting close to 60,000 or 16,991, the survey helps us with jobless claims that came in slightly better, adopt 91 points a gain of 1 2 and nasdaq composite up 1 percentage point. The isnt be at 1792 and majority of names on the dodge and industrials have green arrows, 25 have up arrows led by jpmorgan, united healthcare, american express. A lot of winners to speak of. Also want to talk about Green Mountain coffee roasters. The stock is soaring at the scene . They can she not with quarterly profit on a rise by a 30 . Dagen couples enrolling in obamacare are facing what is being called a marriage penalty in the new healthcare law in terms of subsidies you will get based on income levels. There Heritage Foundation discovering married couples will paid can thousand dollars more per year than under counterparts. Connell how does it all work . Obamacare subsidies or tax peer dollars given to people to hold the healthinsurance are based on income and where the income falls on the federal poverty skills of the less you make the more money you can get from the government so lets look at this. Fuhrer and individual and you make above 45,960 you will not qualify for subsidies but below that you will. Look at the next line. Married couples. If a married couple makes 62,040, that couple would not qualify for subsidies but below that they would. You can see looking at those numbers tell two People Living together not married applying as individuals could both make below the 45,960 and both qualified for thousand in subsidies but if they married and their combined salaries were above the 62,040 they wouldnt get any government help and that is what conservative group that pointing out. Robert rector, Senior Research fellow at the Heritage Foundation says the obamacare law is, quote, a system that preferential the rewards this a people for not being married. It is as if the to the income tax cut tentacle l the tables that were late to married couples and an ideological bent in this because married couples often vote republican and singles and unmarried couples often lead towards democrats. Dagen not everybody sees this as a hit on marriage. Some people say this is what happens when the government ties 87 cities or benefits such as food stamps or Housing Assistance to federal poverty levels. Here is more. I dont think theres any reason to believe anyone was trying to discourage marriage. Just comes from the common sense axiom that two people married can live together more cheaply than two People Living separately. This is an example of an unintended consequence of the obamacare law. Dagen thank you so much, molly, in washington. What does governor mike huckabee, former governor of arkansas, host of huckabee on the Fox News Channel letting us from his radio studio in florida. Great to see you. What do you say about this . Society ought to be encouraging marriage. It is the foundation of civilization and perpetuation of a civil culture and for us to discourage marriage by tax policy and obamacare in snow sense. We can go back to 1964 when a liberal, Daniel Patrick moynihan warned of what happens when children grow up in singleparent households. There are many Success Stories but the fact is if you want to a limited poverty the three things to do, get a high school education, be employed consistently, and be married to this impart her in a monogamous relationship for a life. That will eliminate roughly 93 of poverty for every child in america so when we talk about a policy that discourages marriage, encourages people to live single, an enhancement to poverty rather than a discouragement to poverty. Dagen do you believe and i dont, that this would discourage a ridge . The government saying you are better off do you really believe it would apply to weiner people in this country that people would make the decision not to go in front of the minister or pastor and get married in the eyes of family and god just because they would save money, get more subsidies from the government . Where you and i came from maybe not. Yet even in the south the culture is definitely changing. Theres no stigma about People Living together like there was once was just a generation ago and i do think there are couples who would say in a world in which marriage is to the people just a piece of paper i think they would say is this piece of paper is going to financially damage us, make it very difficult for us so if you have a couple particularly one without children the it vantage of that couple is to remain unmarried and just live together and Government Policies ought to encourage our best behavior, shouldnt discourage our best behavior. We saw that in welfare reform in the 90s, when you make it so people can get more benefits by remaining single and not working than they can by being married, you are going to have a rash of single people which is what we did see with the welfare situation before the reforms work without rolling them back. The call will take the other side of this, the rollout of obamawill encourage people to get married pacan find a spouse based insurance because you dont have to worry with the exchanges and getting the subsidy and dealing with the federal government or even years state government. If you matisse somebody employed by a big company, you get married and get insurance. We are arguing whether it is better to have a sugar mama or sugar daddy or just to shack up. Isnt it sad that the government is offering those are the choices . Shouldnt it be the government is saying rather than get married because it is a financial business decision get married because it is above decision, a commitment, responsibility decision and the government shouldnt discourage commitment, love and responsibility. That is the bigger question. Either way we would go on the issue. That good to see you, thank you so much. Goldman sachs out with the stock market outlook, looking for a solid year for equities. The terms says theres a 67 chance stocks could drop 10 at some point next year. Charlie smith joins us, founder and chief Investment Officer at fort pitt capital group. The ultimate caveat, the easier forecast to begin every year, a genius if you are right and you know people forget if you are wrong. Who knows what is going to happen next year but i will take a two thirds argument that they make in the assessment and bring that to you if hypothetically we save that happens and stocks dropped 10 . What do you do as an investor . What is yourrnext move . A 10 correction in 25 months, actually never had one in the bull market from the early 2000s through 2007 so it is not a requirement but if we are to get one obbiously we tend to be value players, we see a chance to buy companies that we have been waiting to buy and most of this year and put some money to work. We have a three to five your whole rising at a minimum so we have a chance to put some money to work, Goldman Sachss predictions include the caveat nobody here is a serious prognosticator not including a few weasel words so of course anybody who will be predicting the 1900 level for the s p is a fairly bullish prediction. Crisp connell what you think of the market now, is toward 16,000. Are you waiting and hoping for the pullback because you think stocks are fully valued at this point or maybe even overvalued . What do you make of the market now . We have a 17 multiple on a 100 he dollar earnings estimate for the s p. In a 2 inflation environment that is a reasonable multiple so stocks are not wildly overvalued the way they were in 2007 or 1999 so it is a reasonable multiple given the current inflation levels of we are picking and choosing the edges of the industries we like, waiting for businesses we like to come to less. Connell those were the two years that some sort of bubbles are forming not necessarily in stocks although the stock market would be affected if these catastrophic scenarios were to unfold the way people think they will but in the bond market and other places are you worried about bubbles, Interest Rates staying too low too long and creating Something Like we saw back then . Not sell much. I think the fed will be some much aware of how well the economy is doing i dont think the fed will continue to push aggressively at further q e if the economy doesnt respond. At some point within the next year if the economy is still running at 2 growth rate theyre going to say this really isnt working as well as we thought, we need another strategy and the process of winding it down. Connell new fed under janet yellen. You get 10 pullback in a lot of places. Thank you for comg and. Dagen the federal Aviation Administration is now requiring overweight pilots to undergo a special screening. Screening for what . We will tell you coming the for . Connell Ashton Kutcher going toe to toe with walmart. The world we live in when walmart response and it is all about how much employees are getting paid. Dagen in means not on their time. Tomorrows Business Today Police Testing out new technologies that could mean high speed car chase is left in the dust. Thanks for waiting. The cost, that and the cost of oil. Tdd 18003452550 searching for trade ideas that spark youruriosity tdd 18003452550 can take you in many directions. Tdd 18003452550 you read this. Watch that. Tdd 18003452550 yolook for whats next. Tdd 18003452550 atchwab, we can help turn inspiration into action tdd 18003452550 boost your trading iq with t help of d 18003452550 our live online workshops tdd 18003452550 like identifying market trends. Tdd 18003452550 now, earn 300 commissionfree online trades. Call 18886287118 or go to schwab. Com trading to learn how. Tdd 8003452550 sharpen your instincts with market insig from schwab tdd 18003452550 experts like Liz Ann Sonders and randy frederick. Tdd 18003452550 get support and ta through your ideas with our tdd 8003452550 trading spialists. Tdd 183452550 all with no trade minimum. And only 8. 95 a trade. Tdd 18003452550 open an account anrn 300 commissionfree online trades. Call 18886287118 to learn more. So you can take charge of your tradg. [ male announcer ] they are a glowing example of what it means to be the best. And at this special time of year, they shine even brighter. Come to the winter event and get the mercedesbenz youve always wished for, now for an exceptional price. [ santa ] ho, ho, ho, ho [ male announcer ] lease the 2014 e350 for 579 a month at your local mercedesbenz dealer. And this park is the inside of your body. See the special psyllium fiber in metamucil actuly gels. And that gelling helps to lower some cholesterol. Metamucil. 3 amazing benefits in 1 super fiber. 3 amazing benefits sometimes they just drop in. Always obvious. Cme group can help you navigate risks and capture opportunities. We enable you to reach Global Markets and drive forward with broader possibilities. Cme group how the world advances. Connell before we talk about overweight pilots get to Ashton Kutcher. Remember snap chat with a golfer . Dagen vast majority of users are women like 70 . Connell we send in those photos and 3 billion offer from facebook, forget it, everybody made fun of them. It turned out as Nicole Petallides rejoins us maybe theres a bigger offer on the table. Nicole we will see. That is the story here that we are following, yahoo in a new record high back to levels of 2006. Renown 2 at 36. 38 but did hit a high of 36. 63. The question is as they extend their buyback and sell convertible nodes and talk the developing to make acquisitions, robert tech actually says he would not rule out a large acquisition and also near term access on the balance sheet. They purchased 1. 1 billion purchase of tumbler and talks about snap chat, buzz feed, not of interest overall. Back to you. Dagen the federal Aviation Administration will begin screening overweight pilots for sleep apnea. That is a disorder that causes a temporary stoppage of breathing during sleep, can lead to severe fatigue, commercial and private pilots who fit certain criteria must be evaluated by a a sleep specialists to maintain their licences. How does the government decline of a week . All pilots with body mass index over 40 and nick circumference of 17 inches or more will have to be examined to determine if they have a sleep disorder and get treated if they do and bmi of 40 is wildly obese. Not even of the weight. It is huge. That is the big fellow. Connell and of weed paula is a healthy than applying the plane, you dont want the copilot to be insured. Dagen perfect legitimate. I. T. Told Stuart Varney that in passing and he said government intervention, i dont want to die because much paula is fat. We talk about not ashton kosher Ashton Kutcher, a big twitter aficionado and now he is in a big twitter fight with walmart. Here is what Ashton Kutcher was tweeting, employee food collection story that is out there and the first week, walmart, if your profit margin so important you cant pay your employees and of the above the poverty line . Walmart responds, that is the world we live in. And fortune in an act of human kindness has been taken so out of context. We are proud of our associates in canton. Walmart close it off by saying we know we can always get better as the company. This you will need providing more opportunities for our associates to be a top priority. Walmart versus Ashton Kutcher. The the average fulltime Walmart Associates makes 12. 80 an hour, average full time. Match the federal minimum wage, 71 4. It is not what costco pays its employees but walmart has more employees per square foot so you can argue these numbers all day long. Well above minimum wage. That is well above the minimum wage and walmart is in the ballpark of what your average retail employee pays. There are always multiple signs. We have more retail coming up when Charles Payne joins us, discounter is taking a hit because charles will show us how to make money on this. That is next. The senator harry reid looking at a Nuclear Option in the senate. We will talk about that. Connell in the currency, al everyone else is performing against the u. S. Dollar. You really love, what would you do . [ woman ] id be a writer. [ man ] id be a ber. [ woman ] i wanna be a pie maker. [ man ] i wanna be a pilot. [ woman ] id be an architect. What if i told you someone could pay you and what if that person were you . When you think about it, isnt that what retirement should be, paying ourselves to do what we love . They a guy lived. Bernard you lived it . Time to make money with Charles Payne. He lived too. Charles i am living in it. Connell walmart and Ashton Kutcher have nothing to do with it. Dagen i was arguing connell dont waste charless time with how you livid. The idea is these retailers proxy for the economy and tell us things are falling off a cliff for getting better. Charles i am flipping channels hearing people talk about retailers and how bad they are doing and worried about the consumer and sequestration, the next battle in d. C. And put the Remote Control way but it is good to know what people are saying particular weakness when they have been correct information. Lets start with Retail Stocks that are slammed, today, yesterday, target, abercrombie and fitch and dollar tree and what do they have in common . They are not wellrun companies. They are being slammed not because of the consumer or washington d. C. But because they are not wellrun companies. Target missed three of the last four quarters. Abercrombie missed two of the last three quarters. Todays report, sales are down 18 , samestore sales down 14 , dollar treat missing backtoback quarters. That is what is going on. Of course if you are the ceo you throw the economy and to the bus but as an atlas of this if you talk to the American Public you dont just regard it a that because theres another side to this story. This week about retailers reported there doing phenomenal. Lets talk about the ones that are soaring. Home depot, lazzboy, williams sonoma. Would they all have in common . They have blown away wall street estimates not just this quarter but each of the last four quarters. This is a story about companies doing it right and companies that are doing it wrong. Not necessarily an indictment of the u. S. Economy and not a political indictment.

© 2025 Vimarsana