Transcripts For FBC Varney Company 20140425 : vimarsana.com

FBC Varney Company April 25, 2014

Around ukraine. The market does not like it. Russian troops lining up at the border, Vladimir Putin says there will be consequences if ukrainians go after perot Russian Forces inside the country. John kerry says if russia ignores the agreement to be escalate the crisis it would, i am quoting now, not just be a grave mistake but inexpensive mistake. He is threatening more sanctions. What is the financial response . The russian stock market is in freefall, standard and poors cuts russias debt, it is one notch above junk. Moscow hikes in Interest Rates. Look at that, the dow a big triple digit loss, nasdaq down big as well. Sandra smith, americas love with me. The market, americas market is down because of russia. It is on the rate of the nasdaq is leading the selloff stuart amazon is down. That is a special case, one of the leading things in the nasdaq. I am not going to eliminate the possibility ukraine is causing some selling. It is in the back of everybodys mind if youre going to buy into this market, major tensions geopolitically. Stuart gold is up 10, gold is up. Russia, clearly hurting financially. John kerry friends were sanctions. Pressure on russia could work . If we had actual sanctions on russia, yes, they be. President obama is not cutting off russia from the system. Russias behavior, i think that is where the word comes from. Begging for more sanctions. Begging for more help. Stuart you can still move money around the world very very easy. I put it to you. If you did interrupt the system, there would be significant fallout here as well. What do you prefer . I think i would prefer the latter. Stuart what will happen here . If there is any major destruction, oil would be bid. Oil is down in todays trading session. Stuart lets move to individual stocks. We mentioned amazon. Down. I mean way down. We have the same old story with amazon. Another example of that. Big news that amazon is testing its own Delivery Network. Sandra, they want to take the package that is delivered to you the last mile. Sandra they want more control. Their profits were up 23 . 20 billion in sales. The prophets were a measly 108 million. What is cutting into that . Delivery costs. They are trying to get a grip on that. It is missing a major debt in their profits. Stuart they plugged everything back into the business. Now, it is not working for them. Sandra have to do something about those shipping costs. Sandra this also enables them to deliver sameday. Things that are making the shipping world completely come positive. They force other companies to compete and compete more efficiently. They will force them into bigger losses. Maybe we will finally have a conversation in washington. Stuart do you want to traumatize them . It may force us to have a discussion about that and that is a good thing. Stuart whether or not amazon could or should by the u. S. Postal service and take it over. I do not think that they will. I have a couple more big names. We followed them closely. It is a mere 0. 02 higher. 39. 88. Pandora cut its losses. Listener growth disappointed. Down it goes. Nicole, Ford Motor Company. I have to believe the stock is down. Nicole the stock is down. We know that the f series continues to do so well. Mark fields has been soon named back as a disaster. Stuart they tried to sell me one. Remember . I am not in the market for an f150. I will be in the fall of this year. Nicole note to fort. See you in the fall of this year. Stuart thank you very much, indeed. Lets get to politics. Hillary clinton already courting millennials. She was shunned by them in 2008. Reportedly, she will not let that happen again. Kaylee is with us. Tell us how ms. Clinton is courting people like you. Millennials. Yeah, it is really interesting. Many of the engagements are at college universities. Wednesday, she went to uconn. Talking basketball. Really trying to be likable with these millennials. In addition to hillary, the super pack is ready for hillary. Brought on board rachel schneider. Obamas National Youth coordinator. She has already set up hillary organizations. They are already working from the bottom up. I am not sure republicans are putting in the same effort. I have to believe that Hillary Clinton is the front runner. Mullaney earls view her favorably. With that being said, i really think that going into college campuses, this is what needs to be done. They recruit officers and they have this group of support. It is a really good idea. Stuart are you tempted to go out and get a government job, in which case, you would qualify for the forgiveness of your Student Loan Debt in a few years. My belief is really the private sector is the way to go. I want to go out. I want to earn. I want to put my skills to use. I do have Student Loan Debt. I can sympathize with a lot of these millennials. C 2 to go into politics . Do you go into television . Who wins . I could be pulled either way. Stuart you could have my job if i am not careful. No, stuart, you are great. Stuart bad news for the housing market. Rising Interest Rates. Sandra it has gone up substantially. We saw Interest Rates shoot up. This is not a real market. Look, my fear is that if we do see this, you will see washington step in and say no. Please go out and start lending again. That is what i watch. Stuart it does not look like we have it right now. Housing is not an investment. Stuart no longer a bright spot. It does not lead Economic Growth hard case right there. Tell it how it is, young lady. Time is money. Free headlines for you. Check this out, please. Look at that. Chuck aaron performing stunts. He does barrel rolls. It is a dramatic video. Red bull logo. all over the side of the helicopter. Your grandkids millions of views. Next item. Happening this morning. Northwestern Football Players voting on whether or not to unionize. Remember, the nlrb already ruled that those scholarship players are university employees. To baseball, yankees pitcher Michael Pineda thrown out of the game on wednesday for using pine tar. Up next, job coaching in silicon valley. Tech giants settle for 325 million. Does not seem like a lot of money. You are miles and miles from your nice warm bed you just remember youve got a friend in me yeah, you got a friend in me one of the miller twins has a hearing problem. And shes fed up with the daily hassle of her old hearing aid. So she got a lyric in her life and everything changed. Which one . Youll never know because the lyric is in her ear. 100 invisible. You cant see it, and its the only device that works round the clock with zero daily hassle. No batteries to change. No taking off and putting on everyday. In their report, a leading newspaper said lyric appears to have overcome many of the problems associated with traditional hearing aids sound good . 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Theyre hassle free, theyre 24 7, theres no maintenance, theres nothing to do. Theres just absolutely no reason not to try it. 100 invisible hearing is wonderful. Finding one that works 24 7 with no daily hassle is just too good to pass up. So call now and ask about your risk free 30 day trial. Get a lyric in your life. Stuart we will call it a selloff, shall we . Down 147. It is just. 89. Where is the price of gold this morning . It is up 11 higher. I thought it would go up. Starbucks attracted more customers. They spend more on each visit. The stock is up 0. 49. Look at tesla. Tesla should be able to sell its cars directly to consumers. It should not have to go through dealers. Lets get to that story on steve jobs. Really nasty emails. They came out during a lawsuit. Colluding to keep wages down. One email sent to steve jobs, Googles Eric Schmidt said he filed a recruiter who was trying to poach apple employees. The firing news came through. That is a lot of hostility from steve jobs. I do not think it is any surprise that steve jobs got excited and was a bully sometimes. Do you really believe that 64,000 people were affected by some sort of collusion. The government has an unlimited check both. Well, there are often other fact theres. You do not think that there was collusion on a mass scale. We do not know. We have not read all of the documents. There were some very selective email cases. Nothing going on behind the scenes. Stuart lets bring in the attorney. It seems to me that the technology companies, the workers, they got them called. I do not care whether they were selective or not. Why did they settle for a lousy 324 million they brought this case to state court. The defendants have that option. It is under a state antitrust action. Stuart why did they settle for a lousy 324 million . The case is not quite as strong as you would think. There were two claims. We colluded not to hire each others employees. The fact of the matter is, while i agree with you, i think if you crunched crunch the numbers and found out he was underpaid what, it probably attracts the settlement. They sued for 3 billion. Guess what, you can triple the damage. That is all the more incentive to just get out. Stuart where do i begin with this. Technicalities. I have my attack already. You just informed the jury. [laughter] stuart this page under 24 million, the lawyers will take 100 million of that. Probably. It is outrageous. Class actions are an interesting animal. If a client says i have a 5000 plan for wages, i cannot really litigate that. You pile it all together. The lawyers end up winning. Stuart you do not think that they got those technology companies. No. Stuart that is collusion. You are talking liability and you are talking damages. They colluded not to hire each others employees. It is crystal clear. Stuart a digression. The point is in terms of damages, i am not so sure they could have proven people were underpaid much more than it comes out to. Stuart apple made 10 billion net lien profit. You do not think they could have added up a billion or so and walked away . They should have taken a few lessons from you three have settled earlier for 20 million. That is not a big number. The remaining four settled. Stuart if you would have taken this case, would you settle for 100 billion . Probably. 100 million. Stuart it is friday. Thank you so much. Whats your name again . [laughter] stuart thank you very much. Diamond dallas page. He got into yoga. Things got animated on the set with the yesterday. There he is. He is next. Why relocating manufacturingpany to upstate new york . I tell people its for the climate. The conditions in new york state are great for business. New york is ranked 2 in the nation for new private sector job creation. And now its even better because theyve introduced startup new york dozens of taxfree zones where businesses pay no taxes for ten years. Youll get a warm welcome in the new new york. See if your business qualifies at startupny. Com im taking off, but, uh, dont worry. Im gonna leave the tv on for you. And if anything happens, dont forget about the new xfinity my account app. You can troubleshoot technical issues here. If you make an appointment, you can check out the status here. You can pay the bill, too. But dont worry about that right now. Okay. How do i look . Thanks. [ male announcer ] troubleshoot, manage appointments, and bill pay from your phone. Introducing the xfinity my account app. Stuart the momentum stocks go down. Down 10 this year. That is 11 lower. Facebook. That is up. It is down right now at 58. We bring you many stories of costars, pro sports stars turned entrepreneur on this program. I guarantee, you will not see interviews like these on any other program. You make serious money with yoga tapes. That is your business. Ddp yoga. It aint your mamas yoga, stuart. Stuart you put the whole shebang at risk. Yes. Stuart are you nuts . I am nuts. Stuart you enjoy those segments. Some of you do not like it. Whether they sell their companies for 100 million. Like i did with the ceo of confines yesterday. Would you sell right now to me for 100 million . No. Stuart why . This will be a massive, massive business. Stuart would you sell today for 1 billion . [laughter] stuart that gentleman played along. Some guest do not. The audience thinks i am being rude. He is coming on fox business to talk about his business. We had governor rick perry on. I asked if he would run for president because politics is his business. Totally fair question, stuart. Stuart take notes, viewers. Do you think, however, that sometimes i press a little bit too hard . No. Stuart because i have. All questions are fair until they become personal about the person. I may want to invest in the business. Stuart i think that is establishing a decent standard. It is legitimate for me to say, would you take 100 million. Absolutely. If you do not want to answer, just say that is a good question. The real question is [laughter] stuart that is how you do it. Juan williams says democrats can win in september. We know you will not like what he has to say, but please stick around. We have his case after this. Tdd 18888522134 there e Trading Opportunities tdd 18888522134 just waiting to be found. Tdd 18888522134 at schwab, were here to help tdd 18888522134 bring what inspires you tdd 18888522134 out there. In here. Tdd 18888522134 out there, tdd 188822134 there are stocks on the move. Tdd 18888522134 in here, streetsmart edge has tdd 18888522134 chart pattern recognition tdd 18888522134 whicshows you which ones are bullish or bearish. Tdd 18888522134 now, earn 300 commissionfree online trades. 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What is going on . Centralization. The rolling debacle that is obamacare. You are right. There is also word out that they may have put up a fake website to convince their overseers. Things were going okay. Look, this will have an impact on the midterm elections. You cannot have this kind of taxpayer money wasted without voters getting upset. Stuart was that state taxpayer money . American taxpayer money. Stuart they have not enrolled a Single Person online. Not a single one. Is that accurate. That is correct. Stuart forget about the irs scandal. Forget about the obama scandal. Joining us now is fox news clinical analyst, a friend of the program, at least until now, juan williams. [laughter] stuart wait a minute. I have to make my case here. You are telling our fox news, love you, by the way, these voters in november will ignore a relatively weak economy. Ignore the relative absence of the laws. Ignore a declining and shrinking middle class. And ignore the horrors of obamacare. You have 30 seconds to make your case. It is not hard to make the case in person. We need to make sure that they understand both sides of the case so they do not get surprised. So many were surprised back in 2012 when obama won his second term paired democrats lost. I believe it is like 12 seats by less than five percentage points. They lost another 18 seats by less than 10 percentage points. The democrats are by far the more Popular Party in terms of the brand. Do not forget that on big issues, you know what, the public is with the democrats on this issue. I am just being contrarian, stuart. Every political strategist where wears his or her stripes in this town. The odds are long against democrats ever coming close to 17. I just think that people need to be aware of this. Stuart may i paraphrase your argument like this. Hope springs eternal for the hard left. [laughter] i do not know about the hard left. Steve israel, the chair of the democratic and Congressional Committee says this is just a tough landscape for democrats right now. There are so few swing voters and most of the democratic voters are concentrated. They are not impacting some of those districts. You saw democrats get more than 50 of the total vote. They did not win more than half the seat, obviously. Stuart i think the public has lost its faith and trust in the president of the united states. The obamacare debacle. I think it has made a dramatic impact on voters in america today. I do not think you have a prayer of getting a majority in the house. I think the republicans will extend that majority. I think it is even stephen for winning the senate, two. That is why i came on here to give you a different point of view. Make sure you are prepared in case things begin to shift on you. You know how you ask people if they would sell for 100 billion . I am saying to you, stuart, if you had to place a bet right now on Republicans Expanding their majority in the house, would you sell for 100 million . Stuart i would make a sports mens that with you, juan williams, for 10. I think we both can afford 10. I say the republicans will extend their majority in the house. I will put 10 on it. I am no mitt romney, but i can match 10. Stuart are you a tom sayer . You are a tom sayer. That is what you are. Thank you for being with us. C

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