Transcripts For FBC Varney Company 20150107 : vimarsana.com

FBC Varney Company January 7, 2015

[shouting] [gunfire] that last scene there is one of the terrorists shooting dead in cold blood a parisian policeman. Three gunmen escaped. One of them shot the Police Officer at cold blood in close range. You saw that. What degree of surveillance is allowed here . Will we be attacked . The Parliament Building in ottawa, the coffee shop in Sydney Australia the Newspaper Office in paris again will we be attacked again . Colonel ralph peters on that one in just a moment. I want to top out what is happening in the markets get you caught up before we get to colonel ralph peters. The dow is up 135 points. Remember in the last two days it has lost 500. Maybe the fed is many could together rescue. Well pose that question throughout the days program. Stocks are up this morning. Look at price of oil briefly earlier today it touched 46 a barrel. Right now it is at 48. And here is our Interest Rate barometer. This is quick sketch of the marketplace. Were at 1. 98 is the yield on 10year treasury. It is below 2 . All right. Lets get to the terror attack in paris. Colonelof a peters in paris. You say this is attack on freedom of speech. Yes it is. So what should we be doing here right now . Well the first thing we should do if we had any guts at all would publish the Charlie Hebdo cartoons of muhammad on front page of every English Speaking newspaper in the world new york times, the guardian, the times of london, Washington Post but we wont because beyond al the tears and fears were hearing this morning, stuart, the terrorists already won. Charlie hebdo wasnt a vanguard. Charlie hebdo was the last outpost of a real freedom of speech. We selfcensor. Charlie hebdo, i followed them for years. Their cartoons were often crude humor was sophomoric, and sometimes downright offensive but they were brave they were brave. And there is not a single magazine in the englishspeaking world that has that kind of courage to take on islamists fanaticism, to mock it. Islamists tyrants of all times hate satire. We saw censorship islamic style, islamic style. We saw a massacre of unof the last true freedoms of beacon of press freedoms. Stuart do you think the scenes in paris will be repeated here . Is this terror coming here again . If the terrorists have their say it certainly will. There is no question about it. They want to hit us. It is credit to effectiveness of our security they havent been able to pull it off. This was a very impressive terrorist operation. This wasnt local yokels. This was clearly wellplanned, they were wellarmed. They were really cool and methodical how they did it. The getway was smooth. This was a military operation no question about it. The fact they could pull that off in france. This wasnt, suicide bombing in istanbul turkey, that was not heart of pakistan, this was the heart of paris. This is troubling but yes they will try to hit us. Another funny thing this morning, funny in a dark, dark way, i heard no end of talking heads calling for more surveillance to prevent this they were the same talking head who were criticizing the nsa for running surveillance programs that kept us safe. Stuart thats right. Oh, by the way, those terrorists who slaughtered the staff of Charlie Hebdo, they are the people senator feinstein doesnt want to water board. Stuart colonel peters. Hold on one second. I have a local angle. I want to cover it locally. Mary kiss letter, from the wall street journal editorial board. New york city, surely a prime target yet Security Forces here in the city are at odds with the mayor. We even had a wounded new york city cop who didnt want the mayor to come visit him in the hospital. That is what it has come to. What is going on here . You cant say that enough, stuart. New york is target number one here in america for terrorism. We know, this is public information. There has been at least one significant terror attack attempted against new york city every single year since 9 11. Stuart are we in a position to cope if the mayor is at odds with the Security Forces . Were not sure that the mayor understands the see variety of the threat. Mayor de blasio when he took office didnt request the kind of top secret security clearance that he need so that when the police commissioner, gets intelligence, that police commissioner, now bill bratton can share it with mayor de blasio. So im not sure that the mayor takes the threat as seriously as he should, given a level of the severity the level of threat here. Stuart mary thank you. Colonel peters, well get back to you in a second. Why is president obama so reluctant to identify this as an islamic terror attack . Apart from the fact that he is moral and physical coward, the fundamental problem like mayor de blasio and some others on the american left row man sizes islam. As you see in hollywood you can make fun of christians, jews, attack israel all you want, whoa, dont you say nothing bad about muhammad, brother no way. This idea that somehow islam always has to have a special pass islamist fanatics, they must have some justification for what theyre doing. It is a deadly form of surrender. By the way all of this, what mary just discussed what we saw in paris today well be seeing, timidity of our country to really go after terrorists seriously, it is strategic decadence. When a civilization, the finest civilization for all its fault this is world ever produced lost the will to defend itself. You have to do whatever it takeses and our leaders are not willing to do it. Stuart listen to this. Howard dean on another news channel earlier this morning literally moments ago, he said, dont call it muslim terrorism. Didnt even want to say. That he wont use those words. Dont call by that name. That is retreat. Well it certainly is. You know, words matter, muslim, islamic, islamic terror. At the end of the day at the end of the day we are not helping lawabiding decent muslim citizens by kowtowing to the extreme elements. When the white house as president bush did as well as obama kowtowed to the likes of the council on American Islamic relation, the most radical ugly voices that want to drive a wedge between muslims and the rest of america when we kowtow to them, when theyre the prime guests at the white house we are undercutting the millions of lawabiding, decent, hardworking muslims in our country. You see it around the world. Weve at got got to be honest about the fight. The fight is not with all of islam. But it is death match fight to extermination, with islamic fanatics are killing vastly more muslims every day than killing westerners. Stuart colonel ralph peters, pleasure to have you on the show. We appreciate you being here. Thank you stuart. Stuart back to the market, stocks bouncing back, is not that big of a deal, up 105 points after losing 500 in two days. Today, janet yellen fed chair indicates rates wont be going up anytime soon. Dont know what she will say. Well find out later this afternoon. Maybe we have a strong jobs report on friday. Maybe those two factors helping the market. What do you say, mary . Any ral i you see today is based on a hope somehow central bankers will swoop in and save the day. It might have something to do with the fact we had such a steep fall earlier in the week. Traders may have come in saying that was overshot. One thing to note, it isnt just janet yellen, earlier this week the San Francisco fed chair came out and also say, rate rises are in the future. If and when that happens it will be gradual. Stuart that drop in the price of oil really changed things a lot. It has. A huge change. Stuart president obama the obstructionist . Already threatening two vetoes barely one day into the new countries. And speaking of the new congress, i give you awkward picture of the week, of the day. There it is. On the front of the wall street journal this morning. Speaker boehner nancy pelosi, at the gavel. This was yesterday. Dont think she likes that hug do you . 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. The world is filled with air. But for people with copd sometimes breathing air can be difficult. If you have copd, ask your doctor about oncedaily anoro ellipta. It helps people with copd breathe better for a full 24hours. Anoro ellipta is the first fdaapproved product containing two longacting bronchodilators in one inhaler. Anoro is not for asthma. Anoro contains a type of medicine that increases risk of death in people with asthma. It is not known if this risk is increased in copd. Anoro wont replace rescue inhalers for sudden copd symptoms and should not be used more than once a day. Tell your doctor if you have a heart condition, or high blood pressure. Tell your doctor if you have glaucoma, prostate or bladder problems, or problems passing urine as anoro may make these problems worse. Call your doctor right away if you have worsened breathing chest pain, swelling of your mouth or tongue, problems urinating or eye problems including vision changes or eye pain while taking anoro. Nothing can reverse copd. The world is filled with air and anoro is helping people with copd breath air better. Get your first prescription free at anoro. Com. Stuart losing a little steam. We were up 150. Now were up 95. 17, four is the count. Jcpenney is winner. Reported higher sales. Quickly, nicole, how big of a winner . Good news for jcpenney stock. 17. 25 to the upside. Good news showing september and december holiday sales better than expected. Brian sozzi says macy es and others will look good. Stuart that is a nice gain, nicole 17 . Back to the paris terror attack. We understand parisians are organizing for demonstrations later on today demonstrations against extremist islam. Is this, mary kissell a turning point a wakeup call in paris . If this isnt a wakeup call for france, what is . Stuart, the french people, the french government has been quite tolerant of things like antisemitic attacks, some very radical rhetoric coming out of muslim leadership there. Stuart there has been a series of antisemitic attacks directly on jewish people. And several jews killed in recent years. Roger kukerman is one of guys to follow if youre interested learning about that. Stuart, if this isnt a wakeup call, not just to france but all the nations of europe. Think of all the attacks. London bombings. Beheading of lee rigby in london. Terror in germany. Terror in italy. When are they going to wake up . Stuart i wonder if it is today. I wonder how many people will come out on the streets of paris and support free speech and condemn the extremists who conducted this terror attack. Will they do it in numbers . If they do, lets hope it lasts. Remember the reaction after 9 11 . France was all behind us. Then suddenly when it wasnt politically popular to back the bush administration, where were they . Stuart hold on a second. I want to go to capitol hill president obama already threatening vetos. The latest on a 40hour work week being proposed by republicans, that would change obamacare. Congressman michaelly is with us from d. C. All right congressman first of all, i want to ask you about his proposed veto of the Keystone Pipeline. I think there is a link here to this terror attack in paris. Why would the president veto a measure which would help america become more Energy Independent where we want to get away from deporting oil from our declared enemies . I agree with you. Making our settles energy selfsufficient and biggest exporter of energy in the world which would undercut those rogue countries. It is hard to understand why the president would think this way this is clear to every single american this is not a president we thought who he was going to be. This president is doing things upside down. It doesnt make sense to any of us. Stuart doesnt this force the issue though . There is dreadful terrorist attack in paris and were rejecting a small move towards Energy Independence, doesnt this put real pressure on the president to say lets do this thing and lets get Energy Independence. Is there no pressure for him to say this. You and i would agree with that. I watched this president for last six years i dont understand why the stances he takes and things he does and more than ever, stuart, the American People have awakened, this was never supposed to happen. This was never supposed to be who we are. When the leader of the free world, the president of the United States, does the things he is doing right now, the vacuum of leadership at the top is being created and it is going to be filled with bad players. I agree with you. I think American People, not only given one term, but two terms. He have this to be sitting back saying my gosh, could we have been so wrong and so fooled in the delivery that we fell for the speech and not for the actions . I think were seeing that almost every day now. The Keystone Pipeline, the 40hour work week, why would you take away from American Workers and im a republican who serves in congress but this is americas congress, this is americas government. Why would this president turn his back on the very people that have given him two opportunities to lead this country and do it in such a shoddy way and disrespectful for those that get up every morning to work so hard to put a roof over their head, food on the table clothes on their backs and promise of the future. It doesnt make sense. Stuart congressman michaelly we appreciate you taking time out in very busy day. Thank you so much. Stuart time is money. Big show today lots to pack in. In 30 seconds i have three headlines for you. Federal debt growing by 789 billion just in 2014 alone. That is the calendar year, all those billions added to the debt. That would be more than 84,000 for every fulltime private sector worker added to the debt just in one year for each of those people. Californias highspeed rail breaking ground. Originally supposed to cost 33 billion. Now it will cost at least 68 billion probably a whole lot more. Governor brown says, dont worry. The state will find the money. You think he wants it from you and i . Petco concerns that chinesemade dog treats sickened pets and killed a thousand dogs has petco pulling those treats made in china from their shelves. Governor christie getting heat from going to a Dallas Cowboys game when he should have been trying to save a thousand jobs at mercedes new jersey headquarters. Theyre bolting to georgia. Well deal with that in a moment. [vet] two yearly physicals down. Martha and mildred are good to go. Heres your invoice, ladies. A few stops later, and it looks like big ollie is on the mend. It might not seem that glamorous having an old pickup truck for an office. Or filling your days looking down the south end of a heifer but. I wouldnt have it any other way. Lo ok at that, i had my best month ever. And earned a shiny new office upgrade. I run on quickbooks. Thats how i own it. Music. The getaway vehicle for all the confidence you need. Td ameritrade. You got this. Stuart how about this campbells soup best performing s p stock in all the s p 500. Possible takeover interests sending it higher to the tune of 4 . We have mercedes, it is moving its headquarters from new jersey to georgia taking a thousand jobs with them. Lauren simonetti is here to tell them where new jersey ranks in the state that is good to do business . Almost dead last. Stuart really . The Tax Foundation says it is 49. Georgia is number 32. Mercedes isnt going to tell you were moving down south to save money with taxes. Stuart but they are. Analysts say they save big money, land cost, lower wages lower taxes you get in georgia they can save 10 to 20 of their annual operating expenses. Stuart could be new jersey is not turning off mercedes by nasty regulations. No. Stuart georgia is turning on mercedes by lower costs . Talk about these two governors, governor Chris Christie and governor nathan deal tried to get mercedes. Christie tried to keep it. Deal tried to keep it. Theyre friend. Christie last year campaigned for deal. Praising a probusiness environment for georgia. Look what happened. They were both offering tax incentives, 10 of millions of dollars. Mercedes said it is better to be closer to alabama manufacturing hub and southeast customer base. That is why her said made the decision. If you look at new jersey, this is terrible for Chris Christie. Of the Atlantic City two drug giants last couple years left the state. Stuart mary . There is not a lot of good news to talk about chris at this wants to run in 2016, her said leaving his state is terrible. What is his platform going to be . His personality . Stuart probably. That is only thing he can run. Chris christie has a Democratic Legislature so you have a little bit of sympathy for him in that respect. He does have to deal with the other side to get any kind of reform through. He has had four years now. What does he have to show for it . Why is he traveling around the country and not coming back and talking to legislatures, cajoling explaining to the public what he wants to do . I think he has a tough road ahead. I think thrill will be more announcements like this if you see these southern, lowtax light touch regulatory states compete with these really burdensome northeastern states. Stuart im told her said produces half the cars it sells in america in alabama. In alabama, exactly. Georgia is a couple hundred miles from alabama. Stuart and it is a so you were state. Its warm. You have new jersey, california illinois, with high Corporate Tax rates nine, eight plus percent seeing job losses to states, texas indiana states with lower taxes. Stuart very interesting story because where is this thing going . Follow the money. Stuart leave the south and go to the northeast . I dont think so. You know what . It is southern taxpayers are ones who will subsidize all of the workers on welfare in new york and new jersey. That ultimately, that is ultimately what is going to happen. Stuart economy is improving. Fewer people are out of work. That means more than a Million People cou

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