Transcripts For FBC Varney Company 20140805 : vimarsana.com

FBC Varney Company August 5, 2014

Lets get right at it. The ebola story. We bring in from the top doctor Kevin Campbell from raleigh, north carolina. Thanks for joining us. I understand there is a promising treatment being used on the ebola patient in atlanta, what else can you tell us . This is a very promising treatment and the interesting thing is it is never been used in humans before on the street to individuals we have read about. This is a treatment that is an antibody produced in animal models and grown in plants through genetic engineering, then produced into this year and that it is been delivered to these patients and it has really been responsible for what is a remarkable recovery for the disease. Stuart if those reports are reliable we also had those reports the word miracle was actually used but that is reliable word to use, reliable report . I believe it is because this disease has nearly 90 fatality rate, no effective treatment and no cure for this at this time. This new serum that has been developed, this company out of san diego has been working on it since 2007, really make be the same we used to treat this in the future. The question is who gets it, how do we get it to him and how we produce another of this year and quickly when there are outbreaks like this. Stuart the company is in san diego, calif. They produce a this. You say it is the searing, an antibody, genetically engineered. Take me through the process, what exactly is it . When our bodies, animal bodies are exposed to a virus we produce antibodies, our indian system produces a defense. In the Research Protocol what they did is infected and animal models such as mice with ebola virus, gathered antibodies from the animal model and then injected these antibodies into a tobacco plant in kentucky to mass produce the protein. En you produce this year and you harvest from the genetically engineered plant and you can inject that year and into the patient so they have met defense mechanism against this virus very quickly. Stuart knowing what you know do you think this is really as hopeful for the mass treatment of ebola as it sounds like it is . I think it is early yet, we dont know what the longterm or shortterm side effects of the drug are, it certainly helped, we like large datasets, and i do think it is promising but more Research Needs to be done. Stuart dr. Kevin campbell, thanks for joining us on an important story that is breaking as we speak. To the markets, moving sharply lower, in the last few minutes, the dow from minus 30, now76, if there is the reason for this, it looks like a southern slide. It is 9 , down quickly and suddenly. 1285 we have been at this level, down 3, 4 as of now. A more important barometer, that is the yield in the ten year treasury. Where we have been the last couple weeks, 2. 51 on a ten year treasury, the yield is a little this morning. I want to bring in tres knippa, have we been reading your stuff . Im going to give the viewer is the news which we are about to deliver, we see the japanese economy shrank to the tune of 6 . And would surely hurt us here if you are right. There is the prevailing economic theory in the United States. We should increase Government Spending at the exact same time the central bank should print more money and buy our own debt to artificially keep Interest Rates low. You said the yield on the tenure is 2. 5 . Guess who else is doing that, japan. The yield on the ten year bond in japan is 4. 50. Their central bank is gobbling up everything they managed to produce so is the general idea to increase Government Spending, have the central bank increase moneysupply and keep Interest Rates artificially low, japan should be striving, no. You will see japanese japanese economy in the latter half of this year shrank 6 year over year. That seems like a repudiation of the exact same plan we are doing. Why ignore that . Stuart that is your forecast, tres knippa says it is going to shrink at an annual rate of 6 . I am not the only one. Many analysts are putting Forward Guidance on the japanese gdp numbers and they are absolutely horrible. Industrial production is down. You can go on and on. The account deficit keeps getting worse. I thought the idea was to devalue their currencies to increase exports. If you increase exports to save your economy than in fear your current account balance should get better. It is getting worse. Japan is a threat. What should listeners do . There are many ways you can be short of the yen. For me that seems like one of the most obvious trades in the history of finance. Their bond market to me might be the most oversvalued asset in the entire world and traders and investors need to be aware. Stuart we are aware of it, you are shorting various aspects of japans financial market, you have gone short on the menu got our attention. That was quite a headline. Lets see what happens. Tres knippa, thanks very much. Lets get to individual stocks moving Tuesday Morning, target cut its profit forecast, it says what a cost involved in the data breach, 140 million to clean up the mess, stock is down 2. 5 , different story, avis looking at the future, brighter future, more people renting cars, huge increase in business at the jersey shore, that stock is up 4 right there. 60. And coach, democratic luxury, i always call the democratic luxury, affordable luxury is a winner today. Nicole there is hot and not hot. I will go with coach and talk about this. In some areas coach is really hot abroad in china, that is where they saw sales on a rise up 7 and that helps to d for what we saw, the losses and sales in north america. In north america sales dropped 16 so you have to push toward the big picture, coach is trying to reinvent itself, particularly in north america, stiff competition over the last 52 weeks, coach is down 36 . Take a look at a name like michael course which recently reported growth in north america, 30 . Dont forget, up 30 sales in north america versus stinky coach, 60 lower. Heres the chart, you want to see a better one . How about you thought michael course was good . The best of the bunch, outpaces them all, the best performer up 52 in the last year. Coach really has been weak in the United States and north america, particularly still doing well. Stuart thanks very much, interesting stuff. President obama has gone from choice words for america and ceos saying quit complaining, precisely what he said in that now famous interview with the economist magazine, quote, if you look at what has happened in the last four five use the folks who dont have a right to complain of folks at the top. Lets go to the top for a response. Here is c k e restaurant ceo and president. You run carls jr. And hardees, you are right at the top. The president says you have no right to complain. Your response . My first problem with the interview the president gave in the economist was his statement the we manage the economy pretty well over the past few years. This is the United States. The government doesnt manage the economy. This is something the president needs to get over. If you look at the metrics he says there are no metrics that show anything to the contrary that is not true. The metrics show unemployment is high, Labour Participation rate is low as it has been since 1978. Youth unemployment, 17 record lows over the past two years and 11 of those Labor Participation lows were set this year. 6. 2 Million People and labour force want the job now, five years gdp growth 2 last week quarters average the little under 2 and the president when we pass the stimulus, by 2011 gdp average 3. 8 . By 201214 average in 4 prison, we are 2 , the metrics are not good. In fact people at the top should Say Something because who is going to Say Something . Peter when you run a Big Corporation and i can see you guys are under attack from this administration. How does it directly affect you . You run hardees, jr. Restaurants, how does the president s policy directly hurt you if indeed his policies have hurt you . Look at what the government is trying to do. The Labor Department is trying to turn our managers from salaried managers with incentive based compensation into hourly employees. The nlrb is trying to turn franchise owners into joint employers with franchisees employees, we dont employ those people, to make it easier to unionized Companies Like mcdonalds they are trying to make us join employers. The epa is trying affect to enact cap and trade through regulation with their clean energy proposal, Clean Energy Regulations to limit coal production. Coproduces 40 of the energy in this company, driving up for business, Energy Prices up for consumers, they have less money to spend. You can go on and on with the regulatory anti business policies of this administration. Why the president doesnt see that im not sure but he doesnt. Stuart he wants to make the democrats look as good as they can for november. I think he has an uphill struggle. Thanks for joining us, we do appreciate it. I want to move on, the dow down 70 points, the slide is stops but look at this number please. We have the actual number but we couldnt fit it all into one graphic. What we are looking at is the amount of money by which the federal debt has climbed in the five obama years. From the moment he walked into the white house to now he has added 7 trillion to the nations debt. Look who is here. Cayley mcandairy, you got to pay this off. We are paying 7 billion a week in interest and it is use that has to pay but it is not a big issue to you millennials is it . Millennials when asked what the Number One National secure a crisis was the name the national debt. I think when more young people than you realize recognize this as a threat i dont think it translates to their voting pattern obviously, they voted on the president but they recognize the threat, the most underreported crisis but is administration. Stuart the trouble is it goes on and on. We have been reporting on his five years, nothing ever happens. I cant think of a single direct consequence of an extra 7 trillion in debt. It goes over the head of most voters. No one is reporting it. Very few shows do. We should say what do we show 47 million in debt, more than we spent in the first 227 years of this country so what do we show for it . Broken immigration, broken health care, broken presidency. Stuart if we build the national highway system as eisenhower did in 1915s, something to show for you can say okay, thank you, that was investment. We dont have investment. It is 17 trillion a week in interest ten years from now. Attorney general eric holder says he is proud to be labeled an activist. Judge Andrew Napolitano fired up against that. And activist attorney general. He is here in a moment. Youve reached the age where youve learned a thing or two. This is the age of knowing what youre made of. So why let erectile dysfunction get in your way . Talk to your doctor about viagra. 20 million men already have. Ask your doctor if your heart is healthy enough for sex. Do not take viagra if you take nitrates for chest pain. It may cause an unsafe drop in blood pressure. Side effects include headache, flushing, upset stomach, and abnormal vision. To avoid longterm injury, seek immediate medical help for an erection lasting more than four hours. Stop taking viagra and call your doctor right away if you experience a sudden decrease or loss in vision or hearing. This is the age of taking action. Viagra. Talk to you doctor. Weits not justt wed be fabuilding jobs here,. Its helping our community. Siemens location here has just received a major order of wind turbines. It puts a huge smile on my face. Cause im like, this is what we do. the fact that iowa is leading the way in wind energy, im so proud, like, its just amazing. When folks think about wthey think salmon and energy. But the energy bp produces up here creates Something Else as well jobs all over america. Engineering and innovation jobs. Advanced Safety Systems technology. Shipping and manufacturing. Across the United States, bp supports more than a quarter million jobs. When we set up operation in one part of the country, people in other parts go to work. Thats not a coincidence. Its one more part of our commitment to america. Not much, down 46, 165. New poll out this morning. How do you feel about your congressman . Not good. Liz macdonald has details. Stuart liz 50 disapprove of their on congressman. Washington post saying this is the highest level they have seen in the 25 years they have done a poll, congress in general ranks around a level of car dealers or journalists but this talking about their own here it is the thing. Here it is what is interesting. Democrats pull more favorably than the gop but when we have seen the rating of their own congressman rise the incumbent stand to lose in the midterm elections of the democrats have to watch out in the coming midterm. Stuart that was very good. Cereus stuff, listen to this from attorney general eric holder. He says he sees no problem with being called an activist while nationacting as the highestranking Law Enforcement officials. This is what he told Juan Williams, quote, if you want to call me and activist attorney general i will probably accept that label. Any attorney general who is not an activist is not doing his or her job. Guess who is here for that one, judge Andrew Napolitano. This team is coming out your ears. Judge napolitano kudos to our colleague Juan Williams for pressing that question and inducing that answer. Two ways to look at this. When is the key is an activist for Law Enforcement, preserving freedom, following the constitution my hat is off to him. But if he is an activist, and ideological activists if his political views will inform his judgment as to what crimes should be prosecuted and what crimes should not be prosecuted than he is not doing his job and not doing what the constitution calls for. Stuart but judge napolitano whenever he wants to the attorney general, jfk appointed his brother and nixon appointed his former law partner. Most appoint people who agree with them because that is the ideologies they want to. Stuart they all say they were activists. They push the envelope of the law in terms of interpreting. Judge napolitano we are either making a big deal out of a word that has many different meanings and means Different Things depending on the speaker and that here or this is a code phrase i will do the bidding of a Community Organizer and if the black panthers wont let white people vote in philadelphia, i am not going to get involved. One of the original charges against him, that crime was committed on tape and we all viewed it. Stuart it wasnt prosecuted. Judge napolitano we saw people with baseball bats keeping white people from going to the polling place. Stuart he said no investigation or prosecution. Judge napolitano i dont remember what he said but he didnt prosecute people whose crimes we saw on tape. He has limited resources. The government in his judgment thats the ability to disperse those resources and decide what crimes should be punished. If he disperses them with fidelity to the rule of law and the constitution bravo. It he disperses them with fidelity to an ideology, a political ideology that is not what the constitution calls for. Stuart before we went on the air i was going to ask about the 7 trillion in extra debt the president has racked up in the last five years, 7 trillion. I wanted to know your take on this. Wouldnt even give me a judge napolitano your statement earlier to bill hemmer but to me a little bit because he made it sound and i love you as you know. Stuart the Fox News Channel earlier today. Judge napolitano saying i am blank, dont want to say the word out loud, i want to raise this on the show. Making it sound like it is Barack Obamas fault. This could not have happened without those phony Big Government republicans voted in favor of it. That is what i wanted to say. If i said that tee during the break you might have censored me. That is why i am laughing. Stuart head fault here the Great Recession i am not implying blame on either side of the aisle for the Great Recession. The extraordinary increase in Government Spending as it came after the Great Recession. The huge runup in Government Spending that occurred after the 2008 crash and that was a Democrat Controlled Senate and house. Stuart judge napolitano at least 3 trillion came out of republican control of the house and gave every single time. They went to the house and blasted deficit spending and voted in favor of it. Stuart moving on. Judge napolitano i love every minute with you. Stuart libertarian. Thank you. I have been away for three days and i miss the guy. Next, islamic militants ousting Kurdish Forces from three northern Iraqi Kurdish towns, taking control of the countrys largest hydroelectric dam. Will our kurdish allies get the help they need from president obama . Shingles affected me tremendously as a pilot. The pain in my scalp area and down the back of my neck was intense. It would have been virtually impossible in that confined space to move to change radio frequencies. I mean it hurt. I couldnt even get up and drive let alone teach somebody and be responsible in an airplane. As a pilot that meant i was grounded. Were changing the way

© 2025 Vimarsana