Transcripts For FBC Varney Company 20141114 : vimarsana.com

FBC Varney Company November 14, 2014

Varney company is about to begin. Stuart check out the big board. I am going to call that dead flat. Apple, cisco, microsoft, costco, Green Mountain. All of them hitting new highs. Look at mcdonald shares. It is up a book at 96. Look at loyola. Gas prices are going to come down some more. Right now, they are Holding Steady. Thirty states are in the 2 club. Thirty of them. More on falling gas prices with gas buddy in about 30 minutes from now. The videos of obamacare. Jonathan gruber coming out of the woodwork. He brings the president into it as well. Listen to this. People say, no, you cannot tax might benefit. How could we make this work . Obama says, he is really a real estate guy. I just cannot do this. How do we manage to get there . Barack obama is not a stupid man. Okay. He knew when he was running for president that the American Public does not care much about the uninsured. They think that they are young and healthy and dont need insured. Stuart that is devastating. He is in the room discussing strategy and deception. The president knew that obamacare had to be sold dishonestly to the American People. Remember, he had to give kickbacks to the state. It also means that he was integral to the crafting of the law. The president knew that he could not say, if you like your plan, you can probably keep it. We know they manipulated the cost estimates. It will save you money and on and on. This cadillac tax, why did they put a cadillac tax on insurers . They wanted to be dishonest to the people. This is devastating. Stuart it is. Shocking. One video after another. This time he is siding fox news. Moveon to nancy pelosi. Listen to what she said yesterday when she was asked, do you know him . I do not know who he is. With all due respect, you have a person commenting on what was going on when we were writing the bill. He has withdrawn some of the statements that he made. Stuart she did not know it. Here was ms. Pelosi back in 2009. Roll the tape. I do not know if you have seen Jonathan Grubers analysis of what the comparison is to the status quo versus what will happen. Stuart Charlie Gasparino is here. This is a backdrop to a law that is sliding into chaos and disaster. If you like good journalism, exposing lies and deceit is where i am at. This is really pathetic. Jonathan gruber is a name. She is being i will say this. The press spent a lot of time attacking the lunatics on the right. They think that they are off the grid. Think about how off the grid the president is. Stuart that is the backdrop of what we will discuss write to. I want to get back to the open enrollment. If you are able to log on, you will notice some serious rate increases. This is sticker shock around two. I have not included the sharp increase. This is what happens when government mandates coverage. You have to give maternity benefits to guys, too. It will raise the cost of the plan. It failed. This whole thing will destroy the Democratic Coalition in 2016 if the republicans play their hand right. Think about it, they rolled it out after the midterms. They will lose louisiana. Stuart it is friday morning. We started with the gruber tapes. Lets move on to the house. Rich edson in d. C. With a preview. It was back in may of 2013. It did so with the very same type of power structure. 241175. Stuart all of congress. I was to know who will vote against it this time. 175 voted against it last time. This is a lame duck. Lawmakers may feel a little unencumbered by politics. That is why we will watch the boat structure. The president says he will veto a pipeline bill. He said not explicitly, but he said it im not saying it, essentially. Stuart government is tracking your cell phone data, whether you like it or not. Scooping up data from nearly every cell phone in america. We brought you the story of those fake cell phone towers. The man who discovered them all joins us now. Is it the same technology that they are mounting on the planes . Good morning, stuart. It is a part of the same thing. Designed to reach out and grab a particular cell number that is programmed into it. Stuart as i understand it, the planes are sucking up also. It. Is that accurate . Yes. All that data goes up. The catcher. It is looking for specific numbers. Any other number that they are not looking for is just past right through the system. These planes are operated by the government did this is the feds doing it. As we understand. The u. S. Marshals department is doing it to track certain people. Stuart your company has a phone which stops this kind of snooping. Is that correct . It detects when the phone is being intercepted. If the signal gets diapered, the phone will alert you that that has occurred and recommends that you terminate the call. The phones are 3500 a piece. Stuart who do you sell them too . Individuals that pass highvalue information back and forth and corporations. Governments and other entities. Stuart one last question, how many of them have you sold . 450 fold a week. We have been selling phones for 10 years. Business does area well. Yes,. Stuart we will see you later. An official tells the wall street journal that the Marshals Service does not maintain a database of Everyday Americans cell phones. Got it. Happy friday, everyone. We bring you what to expect with open enrollment which starts tomorrow after this. Stuart i will still call it a flat market. Down eight. Where is the price of gold this morning . Up 10 today. I think we have a big winner. Nicole 28 to the upside. 2944. 21. Prices at the higher end of the range. Certainly opening up. A nicer debut. Virgin america goes public. Also, the ceo, chief executive talks about Virgin America tending to roll again. We know that airlines the airlines have been doing particularly well. Stuart stuart straight up. All of them. Nicole they are soaring. No doubt. Stuart back to obamacare. Open enrollment. It does start tomorrow. Not having insurance will triple. The employer mandate will take effect for large businesses. Here is our next guest. You can compare prices and enroll. Gary lauer. The ceo of e health. I want you to pass judgment on the whole thing here. Your stock has done well. I want you to comment him and him being is that it is quite interesting. It is highly politicized. I think it has some good aspects. If you have any kind of historic condition, you can still get insurance. I think that that is good. The mandate, the tax penalty, i think it is a bit onerous. Stuart this is the that drop. This extreme unpopularity. Change has to be coming. You agree with that; right . No dow about it. It never went to the conference process. It clearly has some aspects. How can you make some changes that make this work better for people . Stuart e health. That is your company. You are in aggregate are. You bring all the other websites together. Give me a selection. I click on to where i want to go. That is close. We have about 3400 products. We show you everything and by subject deadly. Rather than going to government. Stuart okay. I go to you. I figured out i want coverage to the california exchange. You do not guarantee that i get through. We do it all on our exchange. Think of the government in exchange. You have the post office and the care. We think of ourselves as the fedex in this process. You could not help to think. What would happen if we had not turned to obamacare. Sell insurance across state lines and let guys like terry aggregate all of this stuff. Democrats like coercion. Stuart obamacare architect Jonathan Gruber. In other soundbite. We will listen to him call out fox news. They wanted to again dollar divorce settlement with his soontobe exwife. A billion is not enough. Many americans who have prescriptions fail to stay on them. Thats why we created programs which encourage people to take their medications regularly. So join us as we raise a glass to everyone who remembered today. Bottoms up, america. See you tomorrow. Same time. Another innovation from cvs health. Because health is everything. Stuart we love geewhiz technology stories. Look at amazon go. Not that, amazon. Jonathan gruber calling out fox news. We have the tape. Listen. Stuart find out what else gruber had to say. Jim martin joined us at the top of the hour. A billion dollars to his exwife. A fraction of his 18 billion network. It is not enough. She gets to keep a ranch in california. Not enough. President obama doubling down on immigration. Republicans are ready for a fight. Watch this. We will fight the president to and dale if he continues down this path. This is the wrong way to govern. [announcer] welcome to the reimagined quickbooks. Do more than ever before with it. Make any place your place of business with it. Get paid faster with it. Run payroll with it. Sync this stuff with that stuff with it. Turn on only what you need with it. Sample from our smorgasbord of apps with it. Take in the big picture with it. See your finances in a whole new way with it. This is your business on intuit quickbooks. Run with it. Stuart i will call this pretty flat. I think i can call that flat. As for the price of oil, a fouryear low. Gas prices, they are Holding Steady. Maybe we will get some downside move from 291. Thirty states are on what we call the 2 club. Where is the cheapest gas in the land . In texas. Gas buddy joins us now from chicago. It is 74 a barrel. How much lower do you think asking though . We could be talking about a National Average by christmas. If a drought further, obviously, gas prices could drop even further by the end of the year. The underlying price of crude oil. What is driving this down. A lot of this is thanks to opec. The u. S. Is producing all of this oil. It will not simply go away overnight. We are finally dealing with the situation. It is pushing prices downward. I want to be running on fumes. Is that a good strategy at this time . You do not have to chance it with fumes. You are relentless. We get down to 2. 80. Do you think that there will be one or two stations that go to 1. 99 . I just had that question the other day. You could see a price that brings them down. I do not take it will bring them down. Not quite yet. I always get that commercial for you. Gas buddy. Com. No matter what a decide, his mind is made up. Roll tape. With respect to keystone, my position has not changed. We should judge this pipeline based on whether or not we accelerate. We constantly push back against this idea that somehow the Keystone Pipeline is either this massive job spill or it is somehow lowering gas prices. Stuart that is pretty explicit. There is a vote today in the house. It will most certainly pass. It seems like it will not pass. Stuart you can talk about a veto without any problem. Gentry liberals, these people that believe in climate change. It is their new religion. You cannot correlate u. S. And Global Carbon emissions with climate change. I thought that this was the low hanging fruit. This is the one that the republicans could kick off easy. Now you are telling me that it will not get done. The president s comments are fundamentally dishonest. His own Administration Says this will not have an impact on emissions. You hear the president come out and make that statement. It is really incredible, stuart. Stuart you ever see anything like this before . At the state department . We said, first of all, the science is unclear. If we have these agreements the amount of obvious job creation, capability of this act , i think we will see this again. It will pass eventually. It is a tremendous winner for republicans. Stuart listened to this one. I indicated to Speaker Boehner several months ago that if in fact congress failed to act i would use all the Lawful Authority that i possess to make the system work better. It will happen. It will happen before the end of the year. Stuart what do you make of that . The main news page. The president will use this cant additional authority. The law says we have seven tax bracket. We are having a flat tax. Liberals would be squealing. Stuart it is bad to do this in this way. He says he is going to solve the problem. He is not solving the problem. We satisfy the needs of our economy. Our dynamic economy. We create a system that encourages people to be legal. Stuart a week ago, there was a big election. Now in three key areas, the president is saying, no, we are not changing. Stuart that is extraordinary. Democrats have taken the exact wrong message. How many will leave the Democrat Party which is now moving to the left . They may leave and become a republic. 104 that voted against harry reid. Up for reelection in 2016. Stuart is there a possibility that enough democrats switch sides to give the republicans 60 votes in the senate . Is that flat out of the question . Teen of runoff would give us 54. They seem to be gone from the party. Stuart have you ever seen a standoff like this before . No. It is unprecedented. Stuart thank you very much indeed for joining us. Two items from outer space. The europeans landed a space probe on a comment. Interstellar. Fired up over all of the scientific inaccuracies. Called down and just enjoy the movie. Hard it can be. How. To breathe with copd . It can feel like this. Copd includes chronic bronchitis and emphysema. Spiriva is a oncedaily inhaled. Copd maintenance treatment. That helps open my airways for a full 24 hours. You know, spiriva helps me breathe easier. Spiriva handihaler tiotropium bromide inhalation powder does not replace rescue inhalers for sudden symptoms. Tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. These may worsen with spiriva. Discuss all medicines you take, even eye drops. Stop taking spiriva and seek immediate medical help if your breathing suddenly worsens, your throat or tongue swells,. You can get hives, vision changes or eye pain, or problems passing urine. Other side effects include dry mouth and constipation. Nothing can reverse copd. Spiriva helps me breathe better. Sfx blowing sound. Does breathing with copd. Weigh you down . Dont wait ask your doctor about spiriva handihaler. Nicole i have your fox business brief. The Dow Jones Industrial average down at the moment. However, still up for the week. Lets take a look at the s p 500. It is down just fractionally. Talking about some new highs. Microsoft. Cisco systems. Costco. Those are some of the names that are hitting some new highs. We are also keeping our eyes on nordstrom. Stocks up 2. 7 . That is a winner here today. Harleydavidson. It is up 2 for the year. Up 1 right now. More Varney Company coming up. My mother made the best toffee in the world. Its delicious. So now weve turned her toffee into a business. My goal was to take an idea and make it happen. Im janet long and i formed my Toffee Company through legalzoom. I never really thought i would make money doing what i love. We created legalzoom to help people start their business and launch their dreams. Go to legalzoom. Com today and make your business dream a reality. At legalzoom. Com we put the law on your side. We asked people a question how much money do you think youll need when you retire . Then we gave each person a ribbon to show how many years that amount might last. I was trying to like, pull it a little further got me to 70 years old im going to have to rethink this thing its hard to imagine how much well need for a retirement that could last 30 years or more. So maybe we need to approach things differently, if we want to be ready for a longer retirement. Sometimes they just drop in. Always obvious. Cme group can help you navigate risks and capture opportunities. We enable you to reach Global Markets and drive forward with broader possibilities. Cme group how the world advances. Stuart European Space agency making history this week. Joining us now is space. Tom managing editor. Welcome to the program. How do they do this . And lots of planning. Ten years in the making. They popped this loose and hoped for the best. Stuart how fast is the comment traveling . They landed it. It has three legs and two harpoons. It is supposed to be kept on the comment. The screws did not fight it like they were supposed to. It hopped, not once, but twice. Finally after several hours, it settled in. It is still there. All the stuff that was supposed to keep it there did not go. There is no wind. There is also very little gravity. It could have just found stuff and spun off. Stuart they will drill down and take a sample . Exactly. They are hoping that it is eating bits of it. It will cook it all and studied what kind of minerals are there. They are like time capsules for our solar system. Everything that makes us what we are came from this did group of gas and dust. They are thought to be the Delivery System for organic molecules. They want to know, is that stuff there. A lot of questions about who we are and how life on our planet started. Stuart the europeans did this. That is right. They have been working for this for 35 years. Ten years in action. It takes a lot of planning. To say that you can do it stuart could we have done that if we wanted to . It slammed a spacecraft into the comment. Land on it, drill into it and bring it back to earth. Stuart we land on something. We bring it all back. Yes. A snapshot of what the fundamental ingredients are. Stuart i have a bone to pick with you and other geeks. This new movie interstellar. Taking a lot of heat. The scientific community. They said that there are scientific inaccuracies in this movie. There are the folks that just want to see an epic space movie. For the scientific myth six, they might have bones to pick. Stuart said back and enjoy. It is stunning. It is spectacular. I will gloss over that and enjoy rockets and space. Stuart you are a big enough guy to walk away from this and say we like the movie. It is entertaining. I have to ask you. Where is americas Space Program being directed now . We are going through this transition. We do not have our own space ship just yet. We have this partnership with private space companies. Elon musk at spacex, he wants people to go to mars. Stuart there is no big project where i can say we are aiming for that 20 years from now . The goal is pretty big. Stuart as a scientific guy, you approve of that . It remains to be seen. Running out of space on earth. We are going to have to get off this planet eventually. The

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