Transcripts For FBC Varney Company 20140226 : vimarsana.com

FBC Varney Company February 26, 2014

No battery problems, they say. I want to look at the stock, up 10. I am hearing fed this, said that, janet yellen this and that, nobody went out and bought tesla because janet yellen mayor may not be printing money. Am i right . Charles i was at the garden state mall two christmases ago, they set up shop and tesla had half a car, the engine, and the line was longer than the apple store. The enthusiasm from main street was amazing. I wish every Single Person in there storebought 10 shares. Was 25 a share. Stuart but is it a diaz they. Com bubble . Charles it is not bubble but i will tell you the similarities between now and that bubble time, momentum. Winners, people chase performance to the point where even a Great Company can have overvalued stock and we are not seeing that with some of these names. Stuart mount gox, one of the Biggest Exchange websites, shut down yesterday. Some rumors of bankruptcy and may be a big theft of bitcoin. The web site is back on line this morning, not trading bitcoin. If you go to the homepage you get this message from the ceo. As there is a lot of speculation regarding mount gox and its future i would like to reassure everyone i am still in japan and working very hard with the support of different parties to find a solution to our recent issues. Very nice, all is well, still in japan. Is it collapsing . Is this the end of bitcoin . Charles it is not the end of bitcoin and wont be the end digital currency. Digital currency exists because people dont like the of currency. They dont believe in Central Banks world governments. That is why it exists and will continue to exist. Let me tell you that was a joke from day one. It is an acronym. Stuart when you think it is isolated . Charles there are growing pains. Just like america had currency issues before the dollar became the only currency. A group of people would rather really an indictment on the west. They would rather put their money in paperland and keep in dollars and euros. Stuart have you bought bitcoin . Charles no i havent. Stuart we are 93 minutes into the trading session, 162 is where we are. Abercrombie. This is the Company Whose chief said fact people shouldnt buy my clothes. Holiday profits and sales were down but the stock is up. Come on, tell me why it is up 9 . Nicole the stock is up 9 because thhy had higher than expected revenue. They have been trying to reduce the prices in order to stay competitive against the other fascinating stories like forever 21 and the like. You see this stock is that, theyre cutting merchandize cost overall. Over the last year these teenage stocks have not done well. Abercrombie is the best of the bunch down 20 over the last year but aerospatiale is down 45 and American Eagle down 35 . The market has been hitting new highs the pc team retailers had a tough go of it. Stuart i knew every name you mentioned, every last one. I think i have been in all of those stories. Nicole adding those your christmas list. Stuart i have a lot of children. If you thought obamacare was a job killer you are wrong. According to a joe biden, it is not a job killer at all. It is liberating. Listen to what he said. This is about freedom. How many of you are single women with children in a dead end job, you are there because of your Health Insurance . He will be able to make independent choice. You want to stay in that job even though you can get Health Insurance ads in that job . It gives women a great deal more freedom. Stuart fox and friends host Elisabeth Hasselbeck with us, keeping uptodate, you get up at 2 00 in the morning. I could not be more happy to be here. Stuart you like the keys . Thank you very much. I read into Vice President joe bidens words a certain condescension to women. Did you . Sure. Apparently the administration and joe biden feel the Womans Movement includes moving women out of the work place. I was not shocked to hear that but so disturbed to understand idea of helping women is to remove them from jobs and replace them with men in jobs and not only that, when john to say while your kids are home before they get in school you have the choice and the ability to come and stay home with them, paraphrasing. That is disturbing because i have three kids. My oldest is almost 9. If i were to take that advice, anyone out there you could be out of the work force for a decade. What they are doing is sucking it women, buying them connell buying votes. Vote for me and i will get you out of the work force, you can stay at home and we will give you money to stay at home, health care, stay home. Undermines the desire to do something when you work. There are times in life that call for means the government cannot forget you back on your feet but this is longterm. Have more than one child you are out of the work place for a long time if you listen to the Vice President. Stuart i have more on obamacare, Kathleen Sebelius said she appears to be confused about those enrollment numbers how many do you need to sign up to make it viable . 7 million . Not so fast. He is questioning that number. Listen to this. Takes on 7 million was not the administration. That was the Cbo Congressional Budget Office prediction when the bill was first signed. Not sure where they got their numbers. Their numbers all over the board. The Vice President has looked and said it may be closer to 56. Stuart there is confusion. Not the administration that Kathleen Sebelius herself who previously used that 7 million number. Remember this . Success looks like at least 7 Million People having signed up by the end of march of 2014. Stuart if Kathleen Sebelius was an executive and a private sector corporation she would be gone. Take some notes on this before. You are absolutely right. In the private sector, the Insurance Industry was a business, a profitable one. To control and control the money coming in. If this were a private sector business, if this were an episode of the of french as she would not make it out of the border with donald trump. You cannot fault 3 million short of a projected Sales Numbers and still you would be hard pressed charles no accountability in the administration because i believe president obama believes firing anyone is a negative reflection on him practicable early if sycophancy dont man running out like that committing political and personal suicide all the time. Stuart no penalty for failure in this administration. Of harsh judgment. Charles you think of the major things that have gone on from then gauzy to the rollout of obamacare to the promises that were made when t. A. R. P. Was pushed through every major program, the people that were the basis of those programs that have all fallen short, some have retired but never was anyone unequivocally fired. There is a whack of desire on the part of other Media Outlets, at they are not covering, not asking for accountability. No one would even know there was question when it came to those issues so its not here bringing to those questions up and demanded accountability, the American People will eventually become known if they continue to listen to those the dont ask questions they deserve answers to. Stuart can you be prevailed upon to spend another five minutes with us . We are keeping you from the children and nap time. Can you be prevailed upon . I can be convinced. I will charge my eyepad and stay here. Stuart two more stocks. Targets as the data breach over the holidays took a 46 bite out of profits, sales fell more than 5 . People shied away from shopping that target. The stock however is up 3. 59. It is of by. People saying it is a buy because they will fix the problem. Stuart the high. Charles the high as 73 bouncing off of the low. I wouldnt touch it. Charles until we find out what their liability is. They have to find companies that doing the great job executing and those are the stocks you want to buy. You dont necessarily want to pick the bottom. I would rather chase the winner then pick the bottom. Stuart look at this one. Suit lilly, the online retailer we have been calling the amazon, up on those big earnings and it is of another 3 today at 61. We have the House Oversight chairman darrell issa dragging lois lerner back to congress. He is demanding she resume her testimony for his panel. That hearing is set for march 5th. He sent a letter, be here. Dont know the response yet. Earlier this week we brought the story from colorado, people using food stamp money to buy pot and get this, legal wheat will bring in 100 million in tax revenue to the state. What do you say . Legalize week nationwide for Recreational Use . Yes or no . I would say no. There is a desire on the part of government illegalize it and anything compact and bring in some cash. Stuart 100 million. I would say no. It gives us amen, the availability for a particularly in colorado here in the placement of machines so government money can be used easily to buy marijuana in certain situations as we saw recently. That makes it easier. Theres a transfer. If it were ten miles away. Probably still happen. In terms of legalization i think not until we understand how to actually test it. We have seen accidents with vehicles involving marijuana up 300 in the last decade. I need to be convincee that that would be a great idea for the future and the children. Stuart it was great to have you on the show. Ou have an opinion and express it well. Thank you for appearing with us. An honor to be with you. You might pop in here again this week. Stuart dont make projections you are not able to fulfil. Time is money. Lets move this along. Three more headlines. The first from apple. Fixing a big security flaw in its mac operating system . Didnt know they had security flaws. The flaw let hackers read private emails, banking transactions on any apple device. Good news if you are a netflix subscriber. The company says it will not raise prices after it struck the deal with comcast to boost its streaming speeds. Amazon relaunch its prime instant streaming service in britain signing a new deal with warner brothers. The total, uk users with access to 15,000 movies and tv shows. First it was mike crowe who said work hard, get ahead. Then dont be a baby, welfare state, get out and work. Damon john, judge on the hit show shark tank, what does he have to say about that . He is here, he is next. Stuart 44. 5, 162 is where we are. How about will . Or ron 102103, 10278, up nearly a buck. Gold has been around 1350 but it is down off of 17, 13. 25. Speaking of gold take a look at this. California couple finds 10 million worth of gold as buried in their yard. 1400 gold pieces dating back to the late 1800ss. They are in near mint condition and guess what, the couple who found the montero property gets to keep from. Serendipity. Fireworks on capitol hill. Some anti bankers senators grilling swiss bankers about secret Bank Accounts and how the swiss help the americans dodge the tax man. Sparks have begun to fly. You going to operate in a country must abide by the laws of those countries and cant hide behind the laws of your own country. That is not the way it works. Stuart we are monitoring this for more fireworks and will bring them to you as they come along. In the last week we have had two guests on this program who prove hard work and plenty of drive can bring your success. Michael rowe, john they agree with our press, hard work pays off in america to this day. Right now we have one of the stars, damon john. You know this man. It is a hit show. Are you part of this mind set . Work is good, companies are not welfare operations. You in line with that . I am absolutely aligned with that. Stuart then you are out of sync with america today, arent you . I did know that. I thought america, the whole entrepreneur ship crave is going on because people knows they need to get to work and they are responsible for what happens in their lives. Stuart is this the attitude you come across in the people you are judging on their ability to be entrepreneurs . Find them, go getters, value work, want to climb the food chain, not going to make excuses, not going to blame the weather or congress or anything like that . That is who i run across. Some people on shark tank to not think like that which is why we normally say we are out but most entrepreneurs sino know they can bank every way for their success the tunnel stuart person for their failure and that is why i am here, because i love mantra for northship and entrepreneurs are the only ones that will get us out of this red. Stuart you have this graphic the says light, miller lite, cap the future. You want to tell us about this . Go. I have been part of the miller lite tap the future competition. Was last year and we gave away a great aboard, fries and money to vote winner and this year we are repeating the competition where great friends get to get together and pitch their idea, their new company or concept and miller lite is willing to give the grand prize winner 200,000 and miller lite doesnt want to take any of your company and like i would, make sure you succeed and have some fee capital to get that up and running. Stuart when you said miller 200,000 i thought you were going to say and miller lite for life. I thought you were going to say that but you didnt. With 200,000 you will have able to celebrate with some cold miller lite every day the rest of your life. Stuart we like your approach and love your show and good luck with capital future. Good stuff, thanks for joining us. Netflix and disney teaming up, theyre going to produce four new a regional cease based on marvel comic book super heroes. This new cds will be shot in new york and sources say disney will benefit from new yorks 420 million annual film and Television Production tax credit program. Check the stocks, disney up again closed 81, netflix down a fraction, 452. On varney and company, we are not afraid to put companies on death watch and if you watch the show you know that most stocks then go up. After the break we will check the tape but first thank you from the, you are a loyal audience and you move with us to our new time slot making us a ratings success, thank you. Want to wish you the best of luck on your new time slot. I am sure it will go fantastic and dont forget about us. We really need a lot of attention and would like to come on your show soon. But see whats new at projectluna. Com what is this place . Where are we . This is where we bring together the Fastest Internet and the best in entertainment. We call it the x1 entertainment operating system. It looks like the future we must have encountered a temporal vortex. Further analytics are necessary. Beam us up. Thats my phone. Hey. [ female announcer ] the x1 entertainment operating system, only from xfinity. Tv and internet together like never before. Stuart we move to new hours on monday. We are deeply grateful. We really do thank you for keeping the ratings up and heres Something Else we are thinking you for. Remember this from monday . Roll it. Piers morgan doesnt really like america. He comes here, makes a ton of money but he is endlessly critical. He has this upperclass accent and uses it to talk down to his audience. That is the dumbest thing you can do in television news. Yes it is. Below riley posted that video on his web site and twitter page last night prompting this response from none other than pierce morgan who tweeted who is Stuart Varney . That comment would to an overwhelming number of comments from you our viewers telling him just who i am. Take a look at what some of you had to say. He is your intellectual soon. I dont know about that. Who hosts a show people actually watch. I do know about that. One of our viewers as someone whose show gets more ratings than yours did when you had a show. Another viewer had this to say. He is a guy who still has a show on tv with great ratings, five years running. Chris had some fun with his response. He said my dad. Proud of you dad. Hash tag send the money. Very funny, young man but you are not one of my six kids. In closing mr. Morgan, i am the guy who founded the network that you will sooner or later no longer work for. Take that. From time to time on this show we put stocks on something we like to call deathwatch. Heres how deathwatch stocks have been doing since we put the monoliths. We are accountable. We put years on death watch on january 14th. It is up 9 since then. Missed that one. J. C. Penney on lists anna sigganicolazzi, is down 46 , got that right. Zynga, august 25th, they make the farmville people up 75 , we were totally wrong. One of our president tech gurus put game stop on death watch on august 19th, it is down 19 . Last but not least blackberry june 28th up 1 since then. We do hold ourselves accountable. We brought it to you earlier this week, 3d printed prosthetic hand for a young boy changed his life. We have one of those hands on set after is this. Stuart look at that. We showed it to you earlier. That is indeed, almost unrecognizable. That is me 30 years ago, full head of hair. Moveon. Railroad baron Warren Buffett, heads up, Warren Buffett, the regulators issuing new rules for rail cars carrying crude Oil Following explosive accents aimed at moving out of north dakota, they want safety testing, rail car upgrades. Now this is where Warren Buffett comes in. He opposes carrying oil in the Keystone Pipeline. Doesnt want to build a. Makes money carrying in his railcars of which he owns many. He will be hit with a new expensive rule. You are with us. Look at me. I know you are looking at the camera. Sandra this has angered me for some time. We were talking about it. He lends his name to the administration. He lends his beliefs and expertise on subject matter is that only benefit his own book. With due respect he quite simply has spoken out against the Keystone Pipeline talking about a to environmental hazards, meanwhile he is b

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