Transcripts For FBC Varney Company 20150116 : vimarsana.com

FBC Varney Company January 16, 2015

The government says prices are falling. Here we go again. Varney and company is about to begin. The market went up significantly. We were up 10. Now we are up 75. Goldman is a taos stock. When that stock goes down, it shaves points. The loss accounts for 20 points on the dow. Toyota. Dare we say it is finding a bottom . Down a fraction of a penny overnight. It is still down above 22. That is just money straight back into your pocket. Happy friday. Three states hitting the 1 club. Everyone in the center of the country can get gas will load 2. If you go to taxes you get the cheapest gas in the lands. Interest rates touched 1. 73 . They spiked down early this morning. They came back up again. We are at 1. 8 to write out. There is financial fallout from the president immigrant amnesty. 2 million of those nearly amnesty people will be eligible for cash. Repeat cash. Direct from the u. S. Treasury. Millions will now be eligible for Social Security and medicare as well. Steve hays joins us now. You think that they may be a little outraged at giving amnesty illegals cash . I think when you look at what causes people the most frustration over the immigration debate and policy, i think you are looking at it right here. Republicans would be wise to adopt a fewer than if it policy. I think people would be open to a Ronald Reagans style, not amnesty, but Ronald Reagan policies where we are inviting people to come. Coming to work and be this members of society. What we do not want is bringing people to the country so we can immediately put them on the dole. It just does not make any sense. Stuart the president is not offering any retreat at all. He is staying to the left. Not willing to compromise at all. This is our graphic for a long line of the toes. The president will veto all of those measures. When he vetoes them, the republicans will look bad because they are trying to say no. No. You cannot have all of these goodies. I think the president seems to be almost desperate. Getting out of this pitch for two years three community college. Nothing, of course is free, with respect to elkton friedman. Republicans, i think would be wise. After all, one third of the people that voted said specifically they casted their votes to block president obama. I think republicans are okay there. They need to set forth their own agenda. Their own economic agenda. Make clear where they are different from the president. Since the president was you like it gallup has done 85 surveys asking people what they think about the direction of the country. People dissatisfied with the country. Republicans need to just say hey, we are not going in this direction. Stuart cant they get a number of democrats to go with them . I would think they can. This is a key question. If you look at what has come out of the key majoritys, i think you get the Senate Leadership answer. No, we cannot get democrats to go along with us. I think that they ought to try. Make your case for comprehensive tax reform. Not just repealing the medical tax as part of obamacare. Make the pitchfork brought based comprehensive tax form. Three years of irs scandals. Flagging the economy or stagnant economy. People are ready for big change. Do you fault the republicans . Give us prosperity. They are not doing that. I understand the position that they are in. He said, look, we just do not want to screw this up. We do not want to mess up the playing field. In any case, president obama is unlikely to sign anything that we would pass and include real change. If you just come to washington and occupy space here, you will become part of the problem. They hate congress. They hate washington. You now have for public and taking up majorities in both areas of congress. They will be held responsible for not doing anything. Stuart one small favor to ask of you. Next time you are on special report would you please ask him why on earth he favors an increase in the tax forecast. I hope we debate it tonight. Stuart to terror suspects killed out of well jump. Another third team in custody after police raided a cell. Those targeted in the rate have been under surveillance. About 80 miles southeast of russell. Aim. Belgium police. So far there is no connection to the attacks in paris. Police have arrested 12 people. Check out big board. This is a modest gain. Just shy of 174. Good time to bring in john layfield. Joining us from bermuda. There is at visiting on the terror front john. Is that reflected in the stock market at all . I think it is. You have some problems with the swiss currency. I think terrorism is definitely a part of it. 3700 the billions were killed, ordered. Just a short amount of time. Even in the middle east. The president just weighed the human rights stipulation where we can find the bad guys, the terrorist, against worse terrorists. Global uncertainty is hurting the market. Stuart i think we can all understand the position that some traders are in. They want to go into a weekend holding a bottle of stock without knowing exactly what will happen on the terror front. I think i can understand a little bit of anxiety on that front. Exactly. You have a big terror attack. Most do not last a long time in the market. Most of them they are tips in the market. So many things going on. Stuart almost two thirds of people polled say they still feel like america is in recession. 64 . Two out of three people. Why do people think we are in a recession . We had a lot of jobs lost. We lost a lot of middle income jobs. We still have a very high labor force her to the patient rate that is not working. Stuart john layfield. Thank you very much indeed, sir. We will see you next week. Yes. Stuart google class. Headed for a redesign. I am not sure i like the look with those things on. I am not sure i want stuff popping up in front of my eyeballs. I know. I think you look lovely in those classes, but at the same time, no. Stuart of next, what does google have in the pipeline. We will tell you that. You have to watch this. This is one of those priceless videos. This is from the price is right. The announcer. There he goes. Wiping out on the track belt. Ameriprise asked people a simple question can you keep your lifestyle in retirement . I dont want to think about the alternative. I dont even know how to answer that. I mean, no one knows how long their money is going to last. I try not to worry, but you worry. What happens when your paychecks stop . Because everyone has retirement questions. Ameriprise created the exclusive confident retirement approach. To get the real answers you need. Start building your confident retirement today. Stuart friday morning. Modest gains. Another Administration Official tied to the disastrous obamacare rollout has resigned. She is credited with launching the healthcare. Gov website. No reason given for her retirement. Again, no reason is being given for her departure. Elon musk taking what he describes as the next step towards his hyper loop. Making the trip around San Francisco to los angeles and 35 minutes, if it were ever built. Building a test track. Any significant in building in texas and not california . Yes. That would be the cost. It was the right efficient to make. The tax structure and the low wages. Elon musk just came out and said it. California is not his best friend lay. I am not a thing in a place it is a great idea. It will be tested in texas. Maybe we should come up with a hyper loop from dallas to houston. Stuart i wonder if his showmanship is running out of steam. He has this wonderful great idea. I think that he has made too many mistakes. In this case, he is making the right business decision. It looks that to those that follow him and kind of worship him. By the way smart move to build it in texas. A lot cheaper. Stuart a Good Business decision. Good for him. Texan people are nice. The cowboys fan that next to you every day. Stuart at my age, you have no memory. Yesterday was a total blur. That is how it is. You will get there. Apple and google. Those two stocks have been somewhat beatendown recently. Google is down 5 . Why the selloff . Not coming up with much innovation. Bring in social radar a list starting with google. Go. I think you will see a couple of things this year for google. An expansion for their android software. 80 of mobile devices around the world use the android software. I think that you will see expansion there. They will use youtube like a content distribution channel. It may help with ad revenue. Finally, an investment in the innovative side of google. You will see other potential robotic investment from google. I would agree with you. They would bring money in. As opposed to a bright, shiny new idea. How about apple. A list of what is coming down the line from apple . I do. I think the first one is apple watch. It will come out this spring. This will be a game changer for the smart watch. The ipad plus or ipad pro which they are calling it, a 12. 9inch ipad that will rival the galaxy, the note that has been released by microsoft. The ipad plus or the ipad pro. The surface pro three from microsoft that they are looking to rival. It replaces your laptop that you usually use. Stuart the iphone six plus. It has a nice big screen. A lot of people love it. A lot of people do not like it because it is too big. I just wonder who will get the right size smart phone that Everybody Loves and everybody uses. There will always be a debate about the right size smart phone. Stuart let me ask you about google class. They are scrapping version one. What do you think about google class . I did not particularly care for it when i tried it out. As an early class explorer it is not really pretty. Kind of lowkey and ugly. The mac do you use it . I have used it. Not a lot of folks are developing software that made it incredibly useful. It just looked bulky, as you mentioned. We will see some different kind of attention. You can make it more userfriendly. Yes. A third of americans would rather remain celibate and give up their cell phones. What would you do . Listen to some barry white dont you. [laughter] w. Cialis tadalafil for daily use helps you be Ready Anytime the moments right. You can be more confident in your ability to be ready. And the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. Tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. Do not take cialis if you take nitrates for chest pain as it may cause an unsafe drop in blood pressure. Do not drink alcohol in excess. Side effects may include headache, upset stomach, delayed backache or muscle ache. To avoid long term injury, get medical help right away for an erection lasting more than four hours. If you have any sudden decrease or loss in hearing or vision or any allergic reactions like rash, hives, swelling of the lips tongue or throat or difficulty breathing or swallowing, stop taking cialis and get medical help right away. Ask your doctor about cialis for daily use and a free 30tablet trial. You total your brand new car. Nobodys hurt,but there will still be pain. It comes when your Insurance Company says theyll only pay threequarters of what it takes to replace it. What are you supposed to do, drive threequarters of a car . Now if you had a Liberty Mutual new car replacement, youd get your whole car back. I guess they dont want you driving around on three wheels. Smart. New car replacement is just one of the features that come standard with a base Liberty Mutual policy. And for drivers with accident forgivness,rates wont go up due to your first accident. Learn more by calling switch to Liberty Mutual and you can save up to 423. For a free quote today,call Liberty Mutual insurance at see Car Insurance in a whole new light. Liberty mutual insurance. Stuart sorry. Even more to set a romantic mood for the weekend. This is shocking to me. A new survey reveals almost 1third of red blood americans would rather give up sex for a year than part with their cellphones for that long. This is nonsense. Cheryl 55 of those surveyed would rather give up sex for a years end above their cellphones for this amount of time, 55 . Call the boston consulting groups because they did the survey, a did not. 45 said they would put off going on vacation, 55 wouldnt go out stuart what about other countries . Cheryl on the other side of the survey was the brazilians who said they are not giving up sex they will the brazilians, only 22 . Stuart is there any country that had more than 55 would give up sex for a year. Cheryl the germans went along with that. Germans are the same group that for the most part they give up sex. And 1,000 americans. It is pure nonsense. There are a lot of things on the antenna. Stuart lets move on. It is a similar story. Residents of a small danish town population 13,000, agreed to spend more time making babies. Apparently the birthrate has stalled. It is the lowest in denmark, a mere 1. 6 babies per family not good enough. Cheryl a pretty town in denmark take pictures, there are a 13,000 people there and they have an ad campaign with the sexy blond woman trying to encourage them to go have sex and have kids back to the sex story and even in the churches end counts theyre having give aways if you show something positive cash prizes. The worry about the population dwindling which is a fair point. Stuart we shouldnt make a joke of it because it is a serious problem, extremely low birth rate. Europe is losing population literally engaging at the same time, a huge demographic problem. You will see more towns like this. Cheryl is it cultural . Or scientific . It is economic. People are truly squeeze, by the economic environment of europe and it is going to them. Their solis got this hagens which doesnt help. Cammed birth rates are falling in the United States, marriage is at an alltime low, not far behind. Bernard when you rely on people like me to come to help you out for having six children. Cheryl and sent them to college and they are going to work and pay taxes. Stuart a quick stock check. Giveback to our core program which is checking stocks. Target upgraded by morgan stanley, credit suisse, and nbc news host al sharpton, Oscar Nominations, lack diversity. Deal with it next. At ally bank no branches equals great rates. Its a fact. Kind of like mute buttons equal danger. That sound good . Not being on this phone call sounds good. Its not muted. Was that you jason . It was geoffrey it was jason. It couldve been brenda. You get sick you cant breathe through your nose. Ddenly. Youre a mouthbreather. Well, put on a breathe right strip and instantly open your nose up to 38 more than cold medicines alone so you can breathe and sleep shut your mouth and sleep right. Breathe right. Startupny. Its working for new york state. Already 55 companies are investing over 98 Million Dollars and creating over 2100 jobs. From long island to all across upstate new york, more businesses are coming to new york. They are paying no property taxes no Corporate Taxes no sales taxes. And with over 300 locations, and 3. 7 million square feet available, theres a place thats right for your business. See if startupny can work for you. Go to startup. Ny. Gov. Stuart i wont say the go nowhere market at lunchtime on a friday but it is ago when nowhere market at this point. Nice pop for oil this morning, up 1. 47. Speculation whether 46 or 47 is the bottom in this long drawnout collapse in the price of oil. Higher oil is giving drillers a boost. The five we are looking at are leaving, the best performers in the s p 500. National average down a fraction of a penny, that means it is down 1. 22 from this time last year. For every gallon of gas you by now you are saving money in your pocket. The interestrate barometer 1. 8 zero , a yield on the ten year treasury, real volatility down 173 earlier this morning. Now this. Nbc news host al sharpton beating cries of racism for the lack of diversity in the Oscar Nominations saying theyre too white. The head of Sony Pictures gave him a script approval last month. She is calling for an emergency meeting. Cheryl to be held in hollywood with top hollywood producers and studio executives to talk about this years oscarnominated sins. If you look at the 20 nominations for best supporting actor, all 20 theres not one person who is africanamerican in those 20 people. Last year 20 years a slave dominated the oscars. Management last year that was an amazing movie but this year which was 12 years a save, selma did not get nominated best picture, about the civil rights at the same time if you look at the breakdown of the academy for the most part the voters is 93 white. That is one of the points he is making. This is the First Time Since i believe 1999 that we have not had a Diverse Group of actors and actresses nominated. This is the first time we have seen this in years and years. Stuart with will hollywood have to give him to go away . Cheryl money. Stuart lets get to the economy. Almost two thirds of voters say the u. S. Is in recession. Come on in, chief economist with the u. S. Chamber of commerce. We are not in recession. We are expending so why are two of three people think we are in this kind of economic malaise . When we look at the data the short run economy is better. Since the middle of 2009 the growth rates have been so slow, we havent closed the gdp data. We are not even back to our potential six years after the start of a recovery and that is unheard of. And that is the measure of the opportunity out there and that is the metric that measures the American Dream and that is the potential rate of growth, it downshifted again and again and again. None other than Larry Summers produced a chart showing estimates of long run potential of our economy have downshifted every single year of the Obama Administration. People feel that and that is how you think the economy is doing, they say not very good. Stuart how about the rest of the world . When i look around i see currencies in absolute turmoil Interest Rates plunging all over the place, massive debt being driven up in europe and certainly in a japan and america. Doesnt look like the rest of the world is doing better. Looks like they are doing worse. The rest of the world is doing worse. If you look a

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