Transcripts For FBC Varney Company 20140313 : vimarsana.com

FBC Varney Company March 13, 2014

Monica crowley is with us. This is open season for conspiracy theorist, isnt it . Monica absolutely. A plane disappears, vanishes out of midair. Planes do not do that. These are huge doubledecker airplanes. The fact there is no debris field anywhere to be found. This report from the chinese about the satellite picture is three days old. There is a strong current in that area. They will have to expand beyond that. The idea this just disappeared. Could it have been hijacked . By then we would have known where it had landed. Stuart i dont like them, dont deal with conspiracy theorist he had but this time around the conspiracy theories seem to be more legitimate than any idea it crashed in the jungle or under the sea. Monica that is because there is no explanation, no witnesses for a fireball in the sky or a missile launched. Wouldnt we know if it had landed somewhere . Went some air Traffic Control report an unidentified airplane had landed with it was pakistan, india or wherever . Stuart you would think. Monica to lose this many people without any sign of life anywhere. Stuart there was concern the transponder was diverted for another purpose. There are all these reports coming in, but something is going on that we dont know about. Monica the fact they are all theories, i heard he thought the fact the transponder immediately went off that was some sort of catastrophic event. Some sort of explosion or mechanical failure, that it wasnt turned off by human beings. Again, we have no way of knowing until we find that black box. Stuart it is a dominating news story because we dont know and there is no rational explanation. Monica and it plays in all of our fears. The idea this could happen to us is scary to sp had stuart it is a mystery we have to look at. Stay right there. So far for going upscale. Bringing back the home goods section. Affordable nofrills grants. Charles payne is here. This seems to be on doing what ron johnson did back in the day trying to revolutionize jcpenney. Charles he tried to make jcpenney into apple. He just completely angered all the traditional jcpenney shoppers. He really tried to turn the industry upside down on its ear. They know what works. I admit this guy was the last few years at jcpenney at the helm, things got a little shaky but through retailer who understands what is going on. Stuart you are not buying jcpenney. You are not selling it. Charles it is up 100 from its low. I like what they are doing. Stuart thank you. Two items from amazon. They are raising the price of a prime membership to 99 from the current 79. The first increase since the service was introduced nine years ago. I say this is good for amazon stock because it brings in more revenue. You say what . Charles absolutely. We have to get from the revenue lines to the earnings line. Two weeks ago from a standpoint put a strong sell on them, wall street wants to see them make a little bit of money. Fantastic growth story. Stuart all the money they make the put back into the business. One more on amazon, we have to go lawsuits which accuse amazon accusing vendors to raise prices on Free Shipping items. So it is not really free. This is all about amazon prime and the Free Shipping that comes with it. I see this as a tempest in a teacup. Amazon is huge so they will be nick picked to death. Charles they will be nick picked to death. They dont have to seduce me into doing that. Im going to take the initiative to do that on my own. We can save money on shipping. With the Free Shipping you still save x amount of dollars. Is there a deceiving way of doing it . I dont know. Way too many. Stuart now, the serious stuff. Do you remember when Senate Majority leader harry reid called all the obamacare becomes liars . How could we forget . But yesterday in the testimony i dont think we have the sound, what she said, she was appearing before congress yesterday asked a series of questions. One of those questions was what do you think about senator reed victims of obamacare liars . Frankly she didnt have a very good response to that. Have we got that tape yet . Have we got it . Nope. All right, what she said was, i didnt hear what he said. She was asked directly. She responded, i didnt hear what he said. Why isnt this lady fired . Monica nobody in this administration seem to know anything. The president didnt know about irs, fast and furious, the nsa spying. Now the secretary saying i didnt know what the enrollment numbers were, how may people have paid premiums, and also i didnt hear the Senate Majority leader makes comments about the victims of obamacare. Nobody in as a administration anything and there is no accountability. Your talking but a program like obamacare, they ought to have some answers. Stuart s lady runs it, she should have answers. This cascading into chaos, constant delays in every aspect except the tax increases, but it is not going away, is it . This thing is not going away. Charles 34 changes to it, a large chunk of it. If it was a jigsaw puzzle, you would not even know what it was right now. A lot of pieces have been removed. Obamacare lives on a key, but the pieces of the puzzle have been pulled away. Stuart how many people know if they have insurance in their state . If they paid, have they really paid . Which doctors in a network, how many people know their Precise Health care situation right now . There is no way to know it unless somebody goes to the doctor and is told as a friend of mine recently was she thought she was covered under an obamacare policy. 12,000 operation, she was told it was all okay, she gets there for the preop and told no, it is not covered under obamacare. This is mass confusion causing people so much money. The idea they sold it as this will make health care more affordable to more people, more people are being put into the poor house by obamacare. Stuart lets go to market because we dropped below 16,300. Will the dow continue the threeday losing streak right now down 43 points . Would you spend 30 on his bachelor . 2 20 a package of pancake mix . A lot of people are doing just that. Williamssonoma posting new highs after the prophet. Do you shop at williamssonoma . Nicole i love williamssonoma. If i had more of a life at home, i would shop there even more. It is not cheap, he talked about 20 spatula, 20 glutenfree pancake mix. Up 9. 7 for williamssonoma. The stock will into a new high over 65. They came up with good quarter, betterthanexpected fullyear numbers. Raised the dividend. Stuart i think we just showed the pancake mix which is on sale for 11. Nicole flap and jack pancake mix. That is probably the cheapest thing at williamssonoma. Stuart and new hires a new high. Nicole they beat the street and raised the dividend. Charles samestore sales, pottery barn up 14. 6 . Pottery barn kids up 11 . What retailer can sport those kind of numbers . The Dollar Stores are going down and people say the rich are not doing their fair share. These numbers are mindboggling. Stuart you want mindboggling . I will give you mindboggling. John kerry Climate Change a top diplomatic priority. I am quoting directly. Protecting our environment and meeting the challenge of Climate Change is a Critical Mission for me as our countrys top diplomat. His diverting attention away from the misery of obamacare did monica this is the same sectarian state who a couple of weeks ago said with a straight face that he believes Climate Change is the worst weapon of mass destruction. I think the atomic bomb has something to say about that. But they honestly believe that and as we talked about on this show, Climate Change is a secular religion for the left and it is about the massive Global Wealth redistribution. For the wealthier countries and distribute to the poor. Stuart how do anything that will go down well with American Voters . Monica jobs come obamacare as d the economy at the top, Climate Change dead last, nobody cares about it. Charles they are desperate for a foreign policy. Maybe you could win. Monica the russians invading sovereign countries, a nuclear bomb. Stuart Global Warming is far more important. I have another one for you. Presn executive order demanding overtime for salaried workers. Sidestepping congress once again. More on this after the break. What did the president mean by that when he looks to the Supreme Court to rein in executive overreach . If you dont have standing, how could you possibly get before the Supreme Court . So my question, mr. Speaker, is what changed . How does going from being a senator to a president rewrite the constitution . So ally bank really has no hidden fees on savings accounts . Thats right, no hidd fees. Its just that im worried about, you know, hidden things. Ok, whys that . Well uhhh. Surprise um. Well, its true. At ally there are no hidden fees. Not one. Thats nice. No hidden fees, no worries. Ally bank. Your money needs an ally. Iwe dont back down. We only know one direction up so were up early. Up late. Thinking up gamechanging ideas, like this dozens of tax free zones across new york state. Move here. Expand here. Or start a new business here. And pay no taxes for 10 years. With new jobs, new opportunities and a new tax free plan. Theres only one way for your business to go. Up. Find out if your business can qualify at startupny. Com stuart we were up 50, now we are down 43 so i guess you can say we have almost 100 points swing on the day so far. Down at the moment. President obama will sign an executive order later today requiring companies to pay millions of salaried workers overtime. He is going over Congress Head using the executive powers to dictate incomes in the private sector. Republicans are not taking this one line down. The commerce and gave an impassioned speech yesterday the president out. Listen to this. I will read a quote and then you tell me who said it. These last few years weve seen an unacceptable abuse of power having a president whose priorities is expanding his own power. In a guess on who said that, mr. Speaker . It was sen senator barack obama. No lock and give a backbone if it refuses to stand off as a coequal branch. The constitution made it. Senator barack obama. What do we do with a president who can basically change what Congress Pass by attaching a letter saying i dont agree with this part or that part . Senator barack obama. Stuart that is pretty good stuff. We bring you the man himself, republican from south carolina. Welcome to the program. Thank you. Stuart this latest executive order to impose more salaried workers getting overtime, does the president flatout have the power to do that . I am not aware of the statutory power he may be relying on, but that is the question we all should be asking him. Executive orders have been around for a long time, but i dont think it is too much to ask the executive what statute are you relying on that gives you the power to do this because i cannot think of a statute that gives the him the power to tell businesses how much they have to pay their workers. Stuart the solution to the president s power grab presumably in the immediate future does not lie with the court, surely it lies with politics. It relies on a political reaction to what the president is doing. Our framers gave us a lot of remedies, one of which is every member of the house will be up in november and a third of the senate. Theyve given us the power of impeachment, but two of those are punishments. I am looking for a remedy. If you want a law enforced, constitutional obligation of the executive, how do you get a president , not just this president , but any president to enforce the law . One of the ways to do it is to go to the Judicial Branch and order the executive to follow the law. In some cases a law he himself has signed. Stuart are you going to do that, sir . You know how to do this, are you going to do what you just said . Sure. I hope we do it regardless of the senate takes this bill up. I dont think we have standing simply because we passed a bill. We have standing under the constitution. Stuart how long w would take tm to adjudicate this . Years. Stuart meanwhile the president has dictated salary levels, income levels by command, people will get extra money, and he may win politically because of that. There are a married of groups that would have standing with respect to this executive order and pick a group that is impacted if they wanted to go to court and get an injunction, they could do that tomorrow afternoon. We are seeking to make him enforce the law. This would be seeking to keep him from committing an act doesnt have jurisdiction to commit. All court cases dont necessarily have the last two years, but look at fast and furious. We tried to get documents three years ago and we are still in court. Stuart your profile has gone straight up, do you know youre considered as a Vice President ial candidate . In what country . Charles Twitter Twitter stuart good response. Come and see us again soon. I would love that, thank you. Stuart brilliant answer. It got me. Take a look at priceline stock. It is a juggernaut. We had quite a debate among the staff last night over if priceline is a tech company. Were trying to choose 16 Tech Companies to compete in the tournament string next week. Who will pit them against each other. The question, which stock would you rather own . We will eventually crown a champion. So charles, priceline, technology company, yes or no . Charles yes. Stuart i agree with you. Charles the 2013 letter they said like many other online businesses, they dont call themselves a travel agency, what makes them a business, kayak. If they did not have this technology, they could not stay ahead of the curve. Stuart what about tesla . Charles without a doubt. They are making batteries that will be revolutionary and have a life that goes well beyond automobiles. That was just a peer car play to be 1. 56 play. Stuart any Company Making real headway in this modern era is linked to technology fundamentally, it has got to be. Theres no way around it. Charles an it is the difference between jcpenney and amazon. Stuart you heard my take on Warren Buffett. Now you get your chance to chime in on what i said. Your reaction from facebook and twitter is next its a growing trend in business do more with less with ss energy. Hp is help. Soon, the worlds most intelligent servers, designed by hp, will give ups over twice the performance, using forty percent less energy. Multiply that across over a thousand locations, and theyll provide the same benefit to the environment as over 60,000 trees. Thats a trend we can all get behind. [ male announcer ] this m has an Accomplished Research and Analytical Group at his disposal. But even more pressive is how he puts it to work for his clients. Morning. Morning. Thanks for meeting so early. Oh, its not a big deal at all. Come on in. [ male announcer ] its how edward jones makes sense of investing. Stuart Warren Buffett affects policy and make money doing it. He affects tax policy and sticks us with the bill. Heres what i want. The next time he is interviewed i want to see him challenged, wants to see the tough questions asked. I want to see someone look him in the eye and say that, sir, is hypocrisy. Just a small part of my take from yesterday on Warren Buffett. The post of the whole thing on facebook and twitter and got a lot of reaction. Williams says he tries to wh suy eyman midwest guy stuff but in reality he is out of touch with people. Calpurnia says he is old, had his life with his money intact and want to go out as a wonderful guy. Too late. It is about time people see Warren Buffett for who he really is, theres always an underlining motive for when he promotes a business in that motive will make them a lot of money. Gordon is not taking my side, he opposes what i have to say. He says stuart, you talk too much, lets hear warren speak. The invitation is always open if you want to come on, he would be very welcome on Varney Company. More on the tech tournament we are planning for next week like the ncaa tournament. With some companies we are not sure whether they will make the big dance, the final 16. For instance where these four the dinosaurs. Should we include them . Hewlettpackard, intel, cisco, adobe. Let us know what you think. Are these Companies Still relevant, should they be in the final 16 of march madness. The 3d companies, 3d systems, x1. The three we talk about most. Certainly at least one of them should be included, if so, which one . All those people who appear on the show shortly will get the final bracket which will be unveiled on monday. The name fiel featured hewlettpackard. The stock the moment, but it had disappeared, it is coming back. The chineseamazon, 95 it has an ipo in new york. Yahoos largest listed shareholder and yahoo at 37 this morning. The first preview of the midterm elections. Threpublican beat the democrats. The democrat, the republic was running on the disaster of obamacare and he won. Wall street journal dan hettinger. After the break. But first, giving us a lesson on the constitution . Exactly how old is it again . Initially giving thanks to visiting with members of the majority. Threpublicans, my chairman and others for giving us an opportunity to have deliberative constitutional discussion that reinforces the sanctity of this nation and how well it is that we have lasted some 400 years operating under a constitution that clearly defines what is constitutional and what is not. See whats new at projectluna. Com ntion people with hearing loss. What im about to tell you could change your life. Does your hearing loss have you feeling left out . Are you finding it harder to hear the tv or telephone . Are you afraid you might not hear an alarm or intruder . If left untreated, your hearing loss can get significantly worse. 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