Transcripts For FBC Varney Company 20150105 : vimarsana.com

FBC Varney Company January 5, 2015

Oil is down too much. We have had a huge runup. We are off 232 points. Look at the stocks that are leading. Caterpillar. Chevron. The cell ibm. Those five dallas. Combining. The price of oil. That is where the real news is this morning. Very close to what we call a for handle. 50. 2. 35. To gasoline. The National Average for gas to dollars 0. 19. Aaa sees u. S. Drivers saving 75 billion on gas this year. Look at the map. The 1 club expands to seven states. Sound the trumpet. The cheapest gas in the land. 1. 42 for regular. Almost worth driving there. Airlines are getting a huge benefit from tumbling prices. Southwest is rewarding travelers. You have a big meeting. Southwest is having a sale. Fares as low as 73 oneway. Stuart i thought that was an ad for starbucks. [laughter] look who is here. Cheryl casone. Cheryl there is a forecast out there. About 5 that we will see a drop in air fares in 2015. Stuart they are under great pressure to do this. I think that they well. Some airlines will be dropping prices for spring and summer travel. Somewhat. They are stuck. We have that big drop at the end of the year. Also, they are holding on to record profits. We have a little bit of a monopoly now. It is for carriers. Four. Why would you see a big rush to lower prices . Stuart i like your expression. Capitalism is not supposed to work that way. Lots of competition. We do not have that at the moment. Maybe we will get some modest haircuts. Lets bring in steve boyer. Steve. I say that i will use the word, the collapse in the price of oil the biggest shot in the arm for u. S. And global economies that we have seen in years. How much of this is president obamas doing . First of all happy new year. Great to be with you again. I paid 1. 79 per gallon for gasoline. You will see one of the big sources of growth. I think it is a total positive. The Fracking Technology is getting so good, they can still compete with prices as low as 40 a barrel. I never answered your question about obama. He has done everything he possibly can to prevent this. He hates fossil fuels. He is not allowing drilling on federal lands. You may have seen last week, six new regulations coming out of epa. Where is there any evidence that he should take a bow for this . Stuart we are running a banner underneath you right now. Greece oil hits stocks. The price of oil is beginning to become a negative for the stock market. Why is the market down 200 points there. A medium and long term. Low Energy Prices are a huge boost for the stock market. We have really seen reductions in oil and gas prices. We saw the big room in the stock then. The reason that low oil prices are good for the stock market is everything is now much more efficient and cheaper. That is good for stocks. How is that bad for stocks . I do not even understand the argument about why this is something people would find as a negative. Stuart what about inflation . You hear that word all the time. Job the client and basic commodities. Especially oil. That is good. The fact that gold prices are falling you have commodities falling. It is good deflation. A 5 expansion rate. I think we are now up to threethree and a half on a sustainable level. Stuart thank you very much, sir. The gop takes control of the senate today. The Keystone Pipeline will be one of the first issues that they tackle. Listen to Chuck Schumers argument on why we should not build keystone. It is really not true at all. It creates several thousand temporary construction jobs and only 35 permanent jobs. Stuart only 35 permanent jobs. Cheryl that is absolutely not true. The Economic Impact are 20 80 billion for the positives. The upside by 2011. Stuart you are talking keystone. Cheryl talking about the actual building. The republicans are saying he is disagreeing on the wrong point. Schumer is absolutely wrong on that one. The big financial story. Forget the stock target for a second. It is fitting teslas stock. An electric car company. We are seeing tesla stocks down about 4 . The dream of electric vehicles, there are concerns about carbon emissions. It is not a previous. The tesla is a fancy car. We are seeing the stock to the downside. The stock down today and down for the last three months. Stuart okay. We will take that. Would you buy for 100,000 an electric car made by tesla . When not when you have gas at 1. 79 in phoenix arizona. You would save the planet with electric cars. You cannot make the climate argument over and over. They are not stopping production. Stuart it is a feisty Cheryl Casone this monday morning. Cheryl i slept a lot over the weekend. Welcome back, by the way. Their corporations are paying out sharpton. Making sure he does not call them racist. The judge is next. Stuart monday morning. That is a selloff. We just got this in from bill gross. He is with janice now. He says cheap oil means the fed will not raise the Interest Rate until late 2015 if at all. That is a direct quote. They do not believe him either. I think you are right. Down 251. U. S. Sales in september of 19 . Its has been the best december sales in seven years. They sold 74,000 of those x series truck. It is a key number. Ford and gm, both of them down. The New York Post says that the reverend al sharpton has been shaking down corporations for years. Donate to the National Action network or we will call your company racist. All rise, judge Andrew Napolitano is here. Inappropriate and nearly criminal. Quite frankly just to be serious about it, this on top of all the awful things in new york city. If this is true i would want to see which documents reflect its redemption to writing. Eight corporations like General Motors they will not just pay him. They will have to do something to generate that tape. Stuart couldnt he just go in and say we may have a problem with your company. He is so controversial. If this as the post says it is, it has the air makes of the shaikh down and it is awful. Two of these corporation is whatever you are paying it. We will give you some good advice. If you were the ceo of a 50 or six the billiondollar corporation and you are concerned about some of the characters calling you personally or your corporation racist, that could be a very and expensive way to direct that pull. In that respect, this is a Good Business budget. Stuart it is an awful comment on what i would call the race industry. The race business. People that use the race card to increase their own wealth. Stuart if a corporation was shown to contribute money it would be extremely bad publicity for that corporation. Not necessarily. I do not know everything that he does. Lets say that he does perform positive services for a politically underrepresented portion of society. Camber Corporation Finance that legally . Answer yes. Stuart politically, it looks absolutely dreadful. Absolutely awful. I believe the commissioner said it was a mistake. As if he was in the hierarchy of authority. Another way to look at him is the way the post refers to look at him. I am sure that the truth is somewhere between the two. I am sure that it is. It gets under your skin. If it is true, it really does get under your skin. You want those corporation spending money on things like this . No, i do not. What else is new . [laughter] stuart check out this video. A couple put on the kiss cam at a basketball game. The man too busy. He is talking on his phone. As you can see the lady is clearly upset. Look at that. [laughter] she inspires you. No question about that. But your erectile dysfunction that could be a question of blood flow. Cialis tadalafil for daily use helps you be Ready Anytime the moments right. You can be more confident in your ability to be ready. 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Boom youve had your first accident. Now you have to make your first claim. So you talk to your Insurance Company and. Boom youre blindsided for a second time. They wont give you enough money to replace your brand new car. Dont those people know youre already shaken up . Liberty mutuals new car replacement will pay for the entire value of your car plus depreciation. Call and for drivers with accident forgiveness, Liberty Mutual wont raise your rates due to your first accident. Switch to Liberty Mutual insurance and you could save up to 423 dollars. Call Liberty Mutual for a free quote today at see Car Insurance in a whole new light. Liberty mutual insurance. Stuart well, were down a little more in the last few minutes. Now were off 250 points. That is about 1 1 2 . I still think that the big story of the day on the markets is the price of oil. Look at it. It is getting close to breaking below 50 a barrel. Please remember back in june it was about 110. Thats a drop 1 2. Oil stocks getting hit some more. Chevrons down 4 . Same story with exxon down 3 . Conocophillips down 4 1 2 . Big drops. We first brought you the discussion of digital dieting and spending less time with technology. Last friday, well take a look at latest example why we think cutting back on technology could be a good idea. Roll that tape. Wow. Stuart know, i wonder if that was staged or not. Cheryl i think it was staged. Later on the mascot picks her up and away from him. Im taking your girlfriend. Stuart we get the point. Spending too much time on technology. We asked you if you would go on digital diet in the new year. First of all lori, skeptical. Try to make everyone turn off their phones at the next family get together. Heck take them into the bathroom with them. Its a crazy. Barney ads this, i think technology will be the downfall of the human race. People can not keep away from computers, phones, games et cetera. A little bit far i think. Listen to what Digital Trends editor Jeremy Kaplan had to say about digital dieting. Pared down everything i got i swear im going to do this. One gadget too many. Probably have four, five 10 gadgets too many. Im cutting them out. Stuart this is the editor of digitatren evebody chyl becse tre isa g concnow. This disssioisappeng i e brdros aoss eric at eloye i particular are not engaged. Theyre not coming to meetings and paying attention. Companies are suffering because their employees are too connected digitally and not contributing to the next big idea for the company. Stuart i think there should be discipline imposed on use of gadgets during meetings and in the work place. I got that. We have to come to term with the new technology. I carry this thing everywhere. I enjoy being on loops with everybody. I enjoy it. I do it all the time and i like to do it all the time and i have no problem when my kids and grand kids do it. How about that . Cheryl even at christmas dinner, you didnt, if your grandkids are o bother you . Stuart i draw the line on occasion and that is where i draw the line. Some are calling this play a real messup by the ref or refs plural. Last nights wildcard game between the lions and cowboys. Stafford throw as pass to the tight end pettigrew. Anthony hitch ends gets in the way. He is called for pass interphones. That is great for the lions he gets a first down and great field position. Surprisingly the refs reversed call. Dallas wins the game. Look at this hugging cowboys owner jerry jones when the cowboys won the game. Christie known cowboys fan. Are confused about this one. Cheryl i watched thi live. Im a cowboys fan. The call it stood we won. Everybody need to move on. But i will say as far as Chris Christie goes is in down there fundraising in republican territory. Cowboys fan or not he is looking for money come on. Stuart is there a president ial candidate doing that, watching a football game, i dont think that puts you in very good position to run for president. Cheryl Chris Christie doesnt have trouble keeping his emotions on guard. He will lose his temper openly. He much. He had trouble at press conferences during hurricane sandy. People making a lost jokes on twitter, about Chris Christies behavior and still a lot of anger about the call we should say. It was pass interference. They picked up the flag off the field. That never happens. They picked it up and walks away. That was a change in the game for the cowboys. Stuart look at this, we were at 50. 05. This is the price of oil. Were at 50. 08. In real danger, whether that is the right word i dont know, were in a position you could see in the next few minutes a drop below 50 a barrel in the price of oil. Now that i think is a very, very big deal. Were told that just momentarily the price of oil did drop to 49. 95 then bounced back a little above 50. Bottom line here is, the the price of oil collapsed in the last six months. Big deal, collapsed. We have millenials, theyre not starting businesses like they used to, not going into business for themselves. We will discuss next. These ally bank ira cds really do sound like a sure thing but im a bit skeptical of sure things. Whys that . Look what daddys got. Ahhhhhhhhhh growth you can count on from the bank where no branches equals great rates. Want to know how hard it can be. 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. Stuart now were down 259 points. I happen to think that a more important story is the drop in the price of oil. It is a virtual collapse. Earlier, and i mean by that moments ago, oil touched 49. 95. Now can you say its bounced to 50. 11 . That is hitting oil stocks of course. All the big majors are down 3 4 . When youre talking percentage terms you know it is a selloff. Exxon, conoco, all of them down 3, 4 . Natural gas down again 2. 19. I was a way couple weeks. Before i left it was about 2. 40. Now it is 2. 19. The one dollar club has expanded to seven states by the way. That is where the price of gasoline averages below 2. Texas is one of those states. Aaa sees u. S. Drivers saving 75 billion on gasoline this year. That is flatout money in your pocket. As i said, i would have put the map up for a second. These are the states which are in the 1 club. That is below two bucks on average for regular. Now look at this, 1 heroin 42 that is the cheapest gas in the land. It is found at the marathon station in craw fordsville, indiana. A buck 42. Who would have thought . Not me. Cheryl it was a buck 99 in phoenix two weeks ago. Stuart a buck 95 in jersey earlier today. New Republicanled Congress is back to work. First issue on the docket, building the Keystone Pipeline. Rich edson is with me on this one. Do you want to give a timeline, rich . It will take longer in the senate. Soon to be Majority Leader Mitch Mcconnell says republicans will allow amendments to a bill approving Keystone Pipeline. If the Senate Changes the bill it will have to go back toes house. Supporters believe they will have enough to get the bill to the white house. Stuart then the president will probably veto it. So the next question is do they have enough votes to override a president ial veto . Doesnt seem likely. Supporters are short that many votes. 2 3 of the house and senate are whats needed. They probably dont have that. A bill approving Keystone Pipeline is ultimately with the president who had the power to determine the fate of this project all along. Stuart he will veto it. They cant override it. So it will not be built that is your probable bottom line here, right, rich . Probable. The president hasnt said he would veto it. He has not said many nice things about the pipeline of late in the public so. Stuart rich edson. Thanks very much. By the way you did a great job sitting in this seat, welldone young man. Thank you, stuart. Im a poor substitute for the regular anchor but im glad i could carry enough water for two hours. Stuart you were very popular. So popular you will never do it again. Rich edson, great to see you back. Something serious. The number of young people who own their own businesses or who have a stake in a small private business, that is at a 24year low according to analysis from the wall street journal 3. 6 of the people under the age of 30 have ownership stake in a business t was 10 in 1989. Ashley pratt spokesperson for the Young Americas Foundation joins us. Ashley you got to give me your interpretation as to why there is this dearth of young entrepreneurs. Well, i honestly think stuart, that in this wall street journal

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