Transcripts For FBC Varney Company 20140804 : vimarsana.com

FBC Varney Company August 4, 2014

This of course one week after the National Legalization and the democrats put out this campaign ad attacking president obama for his war on coal. Is she getting pushback from the administration . And what republicans in control of the house and senate. A full two hours of varney starts now. Charles just had a feeling this would have been when the market opened, the big board soft now, s p 500 pulling back as well. Take a look at gold actually going down. Two and a half, that is not where it is supposed be. Joining us now from cleveland, made a big splash with the call for 20 less in the stock market over the next 12 months. The Federal Reserve is going to raise rates before the end of this year i guess a correlation between the two predictions. Both those points are well stated by yourself. The Federal Reserve really controls what the future is, has been and what it is right now. I think that would be a good move, if they do it sooner than later. I am afraid they will not do that. The Federal Reserve is to get someone who is an advisor for that, they can get somebody on staff they will know when the critical timing will be to navigate successfully, create a soft landing rather than a hard started landing that might occ occur. Charles i do wish the fed didnt exist in the first place. A lot of Market Players can be overly dependent on the easy monetary policies, once the punch bowl goes away we have a sharp decline in the stock market. Could we actually start to buy off of it . It is going to be a longer period of time rather than a shorter period of time. It could accelerate the decline. What were looking at and my educator i have used four decline in 2000, 2007 given the same readings actually getting more intense these readings which means the market was more overbought than it was previously so the decline might be elongated out over a longer period of time, two to three years. Charles we witness a rally on the extramarital volume on day one. Any sort of measure from individual investors have been really muted. 40 of people indifferent to the stock market, so what exactly are you looking at that screams the market is so overvalued . The volume has contracted immensely. One of the indicators of the game is how much institutional activity there is, international or domestic or both. While the Federal Reserve policy has been and probably held it up longer than it should have been for these particular prices. It has been over 24 months since we have had a 10 correction on the s p 500. There is a very long historical period of time. The longer it goes with the double digit correction, history has told us the greater the correction is. Charles where will they put their money if it begins to hike this year rather than late next year . They will probably be chasing other avenues, the Real Estate Market would be something globally or domestically, and exit program that could be somewhat controlled, like a stampede. Depending on what the Federal Reserve does, a little concerned because each time every time you had a new Federal Reserve chairman with volatility increased immensely. We already saw the volatility is increasing, janet yellen does not have the experience yet nor does anyone, what does she have to do. Almost everything h you playd out is very factual. It has been a long rally, the idea some of the fed would act quick, janet yellen take a gutsy move by hiking rates this year rather than blowing it out, last week we had wages going up, classic wage inflation. And then friday making an extra penny month over mon she is in denial phase right now. I dont know if you buy things, i buy things, everybody buys things did you go to the store and there is an acceleration the cost of Living Standard goods. Taking money out of our pockets, so inflation always has been a nemesis to the u. S. Economy and the world economy, we are already seeing that increase and i am like you, she is very much a dove, not a hawk. Charles i think she raises than sooner rather than later, but i enjoyed your conversation, you bring a lot of intelligent points. We appreciate it. Thanks a lot. Some individual stocks now, the first one pretty good news on a blood cancer drug. Nicole you always want to hear good news of treating blood cancer. The stock has been running up over the last few months but they had a late stage study with a drug, injectable drug that helps patients live longer without the disease worsening. You are seeing some move with the stock of the Worlds Largest Oil Tech Company and love to see advanced treatment for cancer of any kind. Charles amgen up on good news, michael kors up 6 in the premarket now it is down i see a parade of people dumping on the stock. Why . Michael kors continues to have great Sales Numbers in north america and around the world. Part of that is a margin. Going forward their holding by the fullyear forecast, a winner compared to name like coach. Michael kors is up 0. 22, coaches down 40 . The release of the diversion between those two companies. Another real winner in this group. Charles i think the naysayers are wrong. Appreciate it. Killing a militant leader in gaza hours ahead of the humanitarian ceasefire in gaza. The war has left 1800 palestinians dead, 60 israelis have died as well. Okay, help us understand what might be the timeline now for the same to wind down. Starting to wind down. They feel the continuing finishing returns. Not real ones, not ones anybody really bought into, i think. They have humanitarian ones everybody looks for cattle teams the fighting starts. That was a surprise for the threat she has. They didnt know there were that many be a. Charles these things are amazing. They were not using them interestingly to protect their civilians. The reason them for their fighters. Hamas trying to get the court of opinions turn against israel, they will never beat israel momentarily. But they why was world to say look at all of the civilian deaths. Now the world Public Opinion seems to be changing. Here is why. You have not heard in the last four or five days they came out against israel. Normally you have every couple of years all the arabs. They are nervous. What they have seen is the rise of isis and the muslim brotherhood. The other countries are thinking we could be next. A way to stand up to muslim brotherhood, isis, hamas. Charles i do wonder about western opinion. I have blood all over it, whacking the head out of gaza. Seems like the western world turned their back on israel. That is what hamas goal is. The world then does things like isolate israel, doesnt resupply israel, United States may be treating them equally, maybe even favors the muslim brotherhood. That is the worry that had throughout. Charles what about the word we cant just ignore it. Lot of corporal opinion polls very. Dont let them kill each other. They may be on the verge of taking over the largest man in iraq. What should we think about that . We dont have any friends in iraq right now. Irans puppet or isis, oilrich, they can fight bad guys. You cant say just fight it out, let them walk away. You need an alternative plan. Charles kitty mcfarland, thank you we appreciate it. You signup to your google account you sign away your privacy, but how deep can they dig . Theyre going for the gusto. And a fullpage ad in the New York Times says theyre looking to treat retired players with marijuana. Thank ythank you for defendiyour sacrifice. And thank you for your bravery. Thank you colonel. Thank you daddy. Military families are uniquely thankful for many things, the legacy of usaa Auto Insurance can be one of them. If youre a current or former military member or their family, get an Auto Insurance quote and see why 92 of our members plan to stay for life. Charles taking on the big board, we opened higher, drifted lower, tremendous amount of anxiety, into this week after last week worse scrubbing of the year. Look at your morning gold repo report. That was something of a swing area, if you will. Look at the price of oil serving two points, barometer of our economy and geopolitics under 100. Some good things and some not so good. President obama sounding off from business leaders, the wall street journal and wall street the interview with the economist. Look at what he said that caught our attention. Oftentimes you will hear some Hedge Fund Managers say he is just trying to stir up resentment. No, feel free to keep your house in the hamptons and jet setter. I am not concerned with how you are living. Elizabeth macdonald is here. Seems he is starting to ratchet it up again. A very freewheeling intervi interview. What is a wall is my administration is in the econo economy. Trillions of dollars have held keeping the line of credit. You can still keep your house in the hamptons. After that needed more redistributive properties. Charles not talk about real wages being down or adjusting for inflation. Not talking with a lot of thin things. What hes talking what is the typical recovery which is basic economics, you pull back this much you should come back that much. Very frustrating. That is the average. Spending is not an achievement, texas spending is not an achievement. Charles it is really interesting because setting up 1 big last salvo dispatch my from the corporate balance sheets. As google turned up emails containing explicit photos of minors to the point now nobody can argue we are all better off with another offender industry. But how much private information google has access to and what exactly they can do with it. All rise. Without getting graphic, not all photographs of minors without clothes on, could be a baby in swaddling clothes are pornographic. But for the sake of argument say this is child pornography, the very possession of child pornography is a federal crime so clearly it is transmission is a federal crime and if you read the agreement with google there are all kinds of language in their. Can google reported . Yes, google can report it. Maybe reported . Yes. If the recourse against them for reporting it, no, there is not recourse against anybody for reporting. Charles how did google flag this . The person that looking at child pornography, looking at our everyday searches. They probably have all rhythms or software or both allowing them to examine selectively emails that may be potentially problematic for them because if they provide a forum for people to exchange that which is always and everywhere unlawful child pornography, it is clear it is unlawful. Like fedex, they themselves could be indicted so they are really protecting themselves by intruding into this. You bring up fedex, they have said for years talking about the socalled illegal delivery of painkillers and drugs. They have not given those thin things. They cant go in there to see what is in there. Charles at the end of the day you have no problem with google going through all of our emails to find the bad actors. Google is not the government. You can refuse to deal with google, so this is not the nsa listening to our phone calls. The constitution would have no problem with google going through emails to see that which is prohibited as long as google told to ahead of time they are doing it. They are so huge they couldnt possibly have enough people to go through all, so they have to use an algorithm which alert them to certain emails, and that is what they do. Charles all right, the nfl season around the corner but for retired players it is marijuana a good way to treat their brain injuries . The controversy about that is next. 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Were streamlining an algorithm. Whats grandpa doing . Hi. Sssh, grandpa you dont want to be an intern forever. Sorry dad, we have to get back to work, we have a deadline. Were going public [cheering] the fastest inhome wifi for your entire family. The x1 entertainment operating system. Only from xfinity. Still the wild, wild west. We are working right now with different political groups to get our points across, but the reason that prop. 19 failed which is what you referenced earlier this because it was heavily favoring oakland to become the New Amsterdam of california, and a lot of growers did not like that. Charles here is what they had to say about legalizing bought in california. My next guest has found one way that pot could make it into the medical world. The ceo of a Company Called canilife. Youre going to help him to develop medical marijuana. That is the discipline. Charles how does it work . Well, the plant has a repository of chemicals in it from d. H. C to cbd. That is the area we are focused on. Some of the Early Research we have done with our Scientific Team has borne out very good and positive results on advanced in our protection. Charles taking specific elements from marijuana and isolating them, i would suppose. Thats correct. Charles this notion, if we try to extrapolate this. A lot of people say, i use it for headaches. Makes my joints feel better. It is a medical cure all, a miracle drug. Everyone should be allowed to use it. And i hear Something Like retired nfl players, that will just bolster that argument. Isnt there a fallacy there . I dont think theres any fallacy. Most medicine developed a synthetic form today, a single molecule medicines, come from nature. If the cameras planned as a repository of chemicals that can be used for treating a variety of disorders you can have one plan dealing with multiple disorders. The anecdotal value is in there from time and maureen. Now scientists are taking a step forward. Charles the idea that you can smoke we for anything, there are a lot of medicines, heart medicines the idea that this is a medical cure all and should be legal, there has to be some red flag to that. I think that there is. You have to look at excessive use to moderation in use. You can get yourself into trouble for overindulging in aspirin. Water, for that matter, can become toxic. I think that this is where, as we open up the marketplace to the knowledge of what cannabis can do and the chemical substrates in canada as we can get some chemical review and feedback with doctors. Charles in the meantime you are saying it should be federally legal. An ad in the New York Times that gives the impression that it is great for everything. What kind of a time line would we be looking at if this were to happen, a National Legalization of marijuana for Recreational Use . Take our time line and let the company had made a major investment to more Companies Taking a foothold in making the investments to open up the markets and Scientific Research and development. Shorten the time line. What could meet dizzies indication and pathway. So for legalization purposes i think within two years the federal government is going to move forward violating the controlled substances act and allow marijuana to be rescheduled from skiffle one to ask is will charles what does that mean in layman terms . Schedule one is provided for even doctors to prescribe. It is a control steps to of controlled substance since 1972. Lets talk about synthetic marijuana quickly. Studies are not conclusive about the poisonous, toxic effect. What the heck is synthetic marijuana . Is being marketed as 100 percent natural, organic. Some of this stuff does not show up and urine tests. Youre making a great point. A lot of the compounds that are out there, spices one of them. They have gotten underneath the radar screen. Now they are being looked at and evaluated and restricted. It will hit your organs art. I have heard stories of kids dying because of toxic consumption levels, smoking it, and testing it. And these synthetics can be very, very potent. Charles we have to leave it there. Appreciate it. Thanks a lot. Keep us updated. Up next, a campaign ad for a West Virginia senate candidate, a democrat going right after the obama administration. Is she getting any push back because of this . Thing. I will make sure president obama gets the message. I had no idea i had shingles. There was like an eruption on my skin and burning. Id lift my arm and the pain back here was excruciating. When i went to the doctor his first question was did you have chickenpox . I thought it was something that, you know, old people got. Charles all right. Today i received a few tweaks. What was interesting about asset allocation, Gerald Murphy wanted to know what percentage is i would suggest for equities versus commodities. For 3035yearold your breakdown should be 60 equities, 20 percent real estate, 10 percent gold or hard assets, 5 bonds, 5 cash. As we see inflation go up maybe we will make some adjustments, but that should be ideal. Lets get switched years. In West Virginia senate candidate, a democrat is running ads that directly attack the president for his war on coal. You and i know it is the hardworking West Virginia coal mine in that powers america. I have fought to protect their jobs right alongside and i stand up for leaders of both parties who threaten our way of life. We will make sure president obama gets the message. Charles and right now she joins

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