Transcripts For FBC Varney Company 20140417 : vimarsana.com

FBC Varney Company April 17, 2014

I have not done anything wrong. I have not broken any laws. I have not violated any irs rules and regulations. Stuart here is the email verbatim. The doj could piece together false statement cases about applicant who lied. She wanted to know how to get justice. Welcome back. Is this criminal . We have a little gap year. Is this criminal activity by lois lerner . Yes, it is. I think she really should have taken the fifth amendment, frankly. Not only is she urging the doj to initiate these things go out when they, by the way, no investigation, zero. If we could just shut one of these groups down, just one, she said it will send shockwaves and it will stop this activity. Conservative organizations. She is driving with friends of hers. That is what she says. I work with these people. Meanwhile, the irs regulation states that if there will be a false claims charge, in other words where someone has lied on an application, basically a form of perjury, the irs initiates the investigation. A criminal referral letter. I used to work with treasury a long time ago. Justice would take it from there. None of that happened. This would be emails coming back and forth. Stuart i want to go back to what president obama told bill oreilly on super bowl sunday. These kinds of things keep on surfacing in part because you and your tv station will promote them. Stuart all foxs fault. Not a smidgen of scandal. Okay. Got that. How does general holder say no to an investigation . The referral against lois lerner, i do not take that will go anywhere in the department of justice. When you look at these emails, i do not think it is the department of justice. You have to add a special prosecutor. You have the doj being brought in by the irs. One prosecution would make an impact. Those are the words of lois lerner. Stuart one prosecution. That is what they wanted. One prosecution. Thank you very much, indeed. One week ago today that Monica Crowley said on this program that the irs scandal was the most dangerous scandal in u. S. History. That was a bold statement. Listen to what they had to say. The president did not fire everybody responsible. He made no effort to get the fax. He participated through his administration and appointees. If a taxpayer decides to challenge the irs, they have to use their knowledge. Stuart well, you, our viewers, were quite out spoken in support of monacos position. Marvin says, watergate was a pick nick compared to the watergate scandal. Monica crowley is with us today. She created this. Quite a stir. I think it is important to talk about what is happening here. That is a very, very serious thing. The second article of impeachment was the mere suggestion of using the irs to go after a single political enemy. He did not actually follow through on it. It was the beer suggestion the irs was one of the few institutions left in the u. S. Government. They have tried for years to try to be as nonpartisan as possible. What we have here, not against other elites. Kennedy against Richard Nixon or Richard Nixons suggestion. Thousands of them who just had an opposing view to what their government was doing and wanted to express that point of view. That is what makes it the most dangerous scandal in u. S. History. Public twitter. It was deliberately priced low. It leaves need to ask, is it off the social media rose . This is a social Media Company. Charles they are having some real trouble. They are getting some real serious competition. It is eating their lunch. A couple years ago, they had a public outright, a public outcry against the Chinese Government. They cracked down on them pretty hard. Ironically, they have never done that to we chat. They will have a 30 stake. Ultimately, i think they will take them over. You have 600 million users. Charles it is a concern. The Parent Company is up 12000 since 2004. Stuart where does we chat come in . Charles it is a competitor. One is a hot company, one is not a hot company. Stuart it is not up yet. What does that tell you . I would imagine it could get a small bounce. Stuart google is spending money in it self. Countless other expansion moves. Takes in the money. Spends it on itself. Growing the business. Sandra you have to spend money to make money. An average quarter from a great company. Hoopla has major headwinds. Mobile advertising and turning it into revenues. Bottom line is those ad revenues. Stuart would you buy it and hold it, charles . Charles the smart phone is killing google at the moment. Sandra i love it. Stuart look at this. Three more big names. Start with triple date. That stock is on fire. 5 on a 581 stock. Sandra they kept the walkable he on the menu. Stuart lower revenue. Down it goes in a half percent. When it goes down like this, that is the equivalent of shaving 60point off the dow industrial average. Time is money. It is monday thursday. Sony playstation4 selling big. 7 million consoles sold as of april 6. Meanwhile, microsoft has been keeping quiet on xbox one. I know for a fact that microsoft stock is down today. Next, we have yahoo . Taking out google as the go to search provider. They are just talking about it. The private taxi sharing service uber, a court trying to kill uber. Any driver caught caring a single passenger will be fined 13,000. That will teach these american startups. What are they thinking . A rant on this later. The judge. He is up next. We will get the latest. Also, filling out detroit. 100 billion. I call that a backdoor bailout. Is it legal . Remember this. In the Detroit City Council just after the president s reelection there ought to be exercising leadership on that. Of course not just that. Stuart i will call this the plot. 16,000 on the dow. Time now for the price of gold. Where is the price of oil right now . I believe it is down. It was down earlier. Do not look now. National average for a cast of regular. 365 is where we are. It will not be long before we see four dollars gas and some state. Big banks reporting today. Morgan stanley profit up. They are up 3. 5 . Goldman sachs profit down. Better than all of those expectations. They beat the expectations so the stock goes up. New emails reveal that lois lerner contacted the Justice Department, wanted to contact, wanted to have somebody else contact the Justice Department about criminally prosecuting conservative groups. Within email like this, how can eric holder refused a criminal investigation . Andrew napolitano is here. Nothing like putting the pressure on me. How can i possibly have an answer what was in eric holders mind. Stuart i have the email. It is right here. He can resist because he has the discretion under law. There is no way to force them to do so. No group could go to a judge and say to the judge, ordered the attorney general to appoint a special prosecutor. Stuart how does this look politically . It looks horrible. Benghazi was the result of a 15 minute video made by a probationer in southern california. The government is not listening to your phone calls. How many more lies do they have to tell . He clobbered that romney. Stuart they cheated. If mrs. Lerner goal was to use the irs as an instrument to seek vengeance on conservative groups because the Citizens United Supreme Court opinion unleashed funds from groups and corporations, there definitely needs to be a criminal investigation. Somehow, they are conflict did. He is morally obliged. Stuart i think congress should call it the turning general and ask why he is not criminally investigating. Cedric you will say, you do not want to go there, buddy. It was replaced with a statute. Stuart i have another one for you. You are not off of the hook yet. They would diver money. They want to diverge from the light removal. Now, is that legal . I cannot imagine that that would be legal. Stuart it was allocated to the state of michigan. He has already diver did. He is now on the vote tuesday, will he or will he not let that money go. The politics would say do it. It is federal dollars intended to get rid of polite. They will pay money who have already worked and already retired. Stuart it is a bail out, isnt it. Yes. Stuart judge, that was not bad. Happy monday thursday. Holy thursday. Stuart he says you look ridiculous wearing it. Your reaction from facebook and twitter next. That is me, by the way. You know that glass is an early prototype. They will make it very cheap. A few years from now, the models on sale will be from a museum. [ male announcer ] nearly 7 million clients. How did edward jones get so big . T me just put this away. Could you teach our kids that trick . [ male announcer ] by not acting that way. Its how edward jones makes sense of investing. Stuart bright and early every morning we hold a production meeting to map out our show for the day. Today a heated argument about google glass. How a thirtysomething producer said you look ridiculous. Glass is overhyped. Who will wear something as goofy as that . These youngsters. You know that glass is an early prototype, they will improve it, they will make it very cheap. A few years from now the models on sale today will be in a museum. Stuart that was from my take yesterday whether i think google glass will ever become mainstream technology. A lot of you agree incredibly with my producer. If you wear them, you get pushed down and your glasses get stolen. No thanks. It is like wearing a bullseye. Keith tweets i dont see google glassmaking in the mainstream. And the issue of distraction. Fairly valid points but my point remains this is a prototype, there are possibilities and they are endless. Take a look at netflix getting an upgrade. Up, 3 on netflix. Higher profits of ge, oil equipment, investors like it, ge made 26 per share as of now. A new poll out from fox news, more bad news for president obama . 37 of the respondents think president obama lies about important political matters most of the time. Just 15 say the president never lies to us. Bottom line, majority of the people do not think he is being honest. That is a fox news poll. Washington sets a new record in 2013 with 26,417 new regulations. Maybe this is why the u. S. Economy is not growing at the pace at which it should. We will discuss that in our next hour. After the break, class warfare. Excuse me, class warfare. In Silicon Valley. Millionaires causing controversy and San Francisco. We have a guy who wrote the book on it next. My dad has aor afib. Brillation, he has the most common kind. Its not caused by a heart valve problem. Dad, it says your afib puts you at 5 times greater risk of a stroke. Thats why i take my warfarin every day. But it looks like maybe we should ask your doctor about pradaxa. In a clinical trial, pradaxa® Dabigatran Etexilate mesylate . Was proven superior to warfarin at reducing the risk of stroke. And unlike warfarin, with no regular blood tests or dietary restrictions. Hey thanks for calling my doctor. Sure. Pradaxa is not for people with artificial heart valves. Dont stop taking pradaxa without talking to your doctor. Stopping increases your risk of stroke. Ask your doctor if you need to stop pradaxa before surgery or a medical or dental procedure. Pradaxa can cause serious, sometimes fatal, bleeding. Dont take pradaxa if you have abnormal bleeding or have had a heart valve replaced. Seek immediate medical care for unexpected signs of bleeding, like unusual bruising. Pradaxa may increase your bleeding risk if youre 75 or older, have a bleeding condition or stomach ulcer, take aspirin, nsaids, or blood thinners. Or if you have kidney problems, especially if you take certain medicines. Tell your doctors about all medicines you take. Pradaxa side effects include indigestion, stomach pain, upset, or burning. If you or someone you love has afib not caused by a heart valve problem. Ask your doctor about reducing the risk of stroke with pradaxa. A short word thats a tall order. Up your game. Up the ante. And if you stumble, you get back up. Up isnt easy, and we ought to know. Were in the business of up. Everyday delta flies a quarter of Million People while investing billions improving everything from booking to baggage claim. Were raising the bar on flying and tomorrow we will up it yet again. Stuart thursday morning, a long weekend of the dow flat, down 11. Lower profits of United Health care because of cost related to obamacare. Where is that stocks going . I will tell you momentarily when it appears. We have american express, it rained in its expenses helping the profits but not the stock, down 2 . Charles is going to make us some money. Ubiquity networks. The lesson form of where and ubiquitous, wherever. Charles or in their case, everywhere. Probably picking the right name. In october 2 profits in november, december 2 profits in january. Did it in february, took profits in march. Now w were back into it. This is an amazing company. They are making the internet going for 5g. Around the world. Forget about aging these big holes, the drone stuff is a few years away. His is today, a hot company, they do the fiber optics, the whole networking aspect, it is a volatile stock. You have these big gains, but i still think this is one if somebody can look away and not worry but volatility, you can buy it and hold it. You will be up substantially. Stuart 5g. That is the next big thing. Charles bringing all kinds of revolutionary things without giant tunnels or holes. Four times hopefully will be a charm. Stuart the growing animosity in Silicon Valley. Class warfare between tech elites on one side and the rest of the people who live there. They are not quite violent, but big protest. Our guest wrote a book about it, he joins us right now. How serious is this fight between the two sides . Will it spill out into real violence, do you think . I hope not. It is certainly heating up, we have to patent when people people are standing in front of buses commie have to listen to what they have to say be at stuart it is resentment, isnt it . The very wealthy elite of Silicon Valley, those are the two sides here. I would call it people who are living together. Silicon valley is a wonderful place. There are all kinds of things going on, technology happens to be one of them. I have had a great benefit of it, but we need to Work Together and share our space, there needs to be a place for people to Exchange Ideas and to share. Stuart raise taxes on a Silicon Valley elite and spread the money around to the masses, is that what you are saying . Im not here to talk about tax policy. I wrote a book which is really about releasing creativity while paying attention to the point of view there is uncomfortableness at any time people could be laid off. Stuart if you want to get rid of this intensity and animosity, what do you do . I would exhibit a lot of humility. When you hear people talking about those kind of analogies, those are not helpful. Breaking up california to several states, one of those states being a state called a Silicon Valley that doesnt make any sense. People make a statement about making a place to live, you work with the community and find ways to have housing that makes sense. Stuart that is woolly thinking. Make housing available. What are you talking about here . If you continue to bid up the price of housing and go further and further away from the center where people are working, yeah, there needs to be Affordable Housing for people if you want people to be able to live in the same city with people of the 1 and. 1 . Stuart how do you describe the both sides prescribes the same party. They are all democrats in california. The elite cannot get enough of the left. People on the ground floor vote democrat as well. California the democratic stronghold. They have been for some time. Whatever your Political Party is, you still have a desire to make money, a desire to innovate, a desire to push creativity. That crosses party lines. Not Just One Party or the other, we all believe in democracy, we all want to invent the world. Stuart you think california really believes in that capitalist system . I have been a beneficiary of it. Stuart do you think the tax rates are high enough . If i live in california, high marginal tax rate is 62 , should i raise that . I am not a tax expert. People should pay what they need to pay, if youre making that kind of money people are making, you should be willing to pay because youre making good money, having a good life and theres nothing wrong with that, youre getting Good Services for that. Stuart i given, surrender. I will read your book, but i am a skeptic. Okay . I hope you will. I hope you come to our opening when w were on stage in new yo. Stuart you give me a free ticket, i might be there. You will be there on opening night, we will have a ticket for you. Stuart done. This is rage is the name of the book. Thank you. There is a new app, it is going headtohead with yelp. It may have something of an edge because it gets reviews only from trusted sources, not anonymous posts. Is that an edge or not . We will deal with it after this. A 19yearold canadian is the first person arrested for using the heart bleed bug to steal personal information. Canadian Authorities Say stephen use the bug to gain access stealing personal information of about 900 canadian taxpayers. He now faces two counts of computerrelated fraud. Great news for sony, is announce it has sold 7 million playstation videogame consoles since it was launched last november. The playstation sold 20. 5 million games and related software. Shares down fractionally. Robert rizzo, former city manager of bell, california, sentenced to 12 years in prison forced to pay 9 million in restitution for his role in stealing 5. 5 million from the city. Five other City Council Members have been convicted of misappropriating city funds. Up next, an any restaurant reviw app. [ female announcer ] who are we . We are thinkers. The job jugglers. The up allnhts. And the ones who turn ideas into action. Weve made our passions our lifes work. We strive for the moments where we can s, i did it we are entrepreneurs who started it all. With a signature. Legalzoom has helped start over 1 million businesses, turning dreamers into business owners. And were here to help start yours. Stuart how big of a part of his public image getting the people coming to bu

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