Transcripts For FBC Varney Company 20150513 : vimarsana.com

FBC Varney Company May 13, 2015

Theyre taking the lion share of the ad revenue. Yeah Varney Company is about to begin. Everything was going fine and like a two seconds span where train just started to shake. All of a sudden we were thrown against the window, and couple of wondering all in shock. Didnt know what happened. If i was fine, i was lucky. I looked around everyone else in my carwas in a lot of pain there was people bleeding, facing were bleeding. People with broken bones so like helping everyone get off that train. People you know, the come next to me was saying her legs leg trapped another woman next to me had fallen into the dirt. So it is kind of like helping people up. People were looking for the exit. We couldnt actually exit towards the lefts or the right normally it. We had to exit up through this sued which is now ceiling. So we actually had to use seat as a ladder to climb up to the top. Now, this is a very human story. It is a personal story were going to deal with it right after derailment passengers took to social media to get their story out. Tell relatives what happened and that they had survived. Posting pictures and video that twitter and instagram that is how you tell your story these days instantly affecting this program. Kaelin campus reform editor in chief scheduled to be on show today he was taking that train up here from d. C. He was injured taken to the hospital, and released. He is going to be okay. Ashley webster judge Anthony Napolitano here a major story this one affecting millions of people. Judge to you first one of the things that came to my mind and you in mind. Good news is that if youre injured by amtrak, you can sue. And if youre injured by derailment you dont have to prove that amtrak was negligent it is presumed that therm negligent because you were in their car and their car got off the rail. Limits . Bad news is there are limits number is huge and easily eaten up in an accident of this nature. Theres a cap of 200 million for all liability on a single fox accident so you have Property Damage unloves life that can be extremely expensive depending on earning capacity of the measure of the loss of life. Think about how a lot of people got injured what were they not wearing because it was not available to them. Every single state that train travels through, new york, new jersey, pennsylvania, delaware maryland, District Of Columbia has mandatory i mean, criminal penalties for not wearing it. Mandatory seat belt laws, but the congress has enabled amtrak to exempt from compliance with seat belt loss and the congress has immunized that decision from liability. So you cant sue because there werent seat belts and sue because they made a decision not to offer you seat belts. Stay there back to you in just a second. Ashley, you know thing about the technology of the black boxes and it has been found. How long before we find out what that black box can tell us. Conceivably a good idea by early this afternoon. Theyre going through that black box to tell us where controls were set at the time of the accident. It was to tell them the speed that it was going into the sharp curve and has a forward facing video recorder and look at the video until the time the train went off the tracks that could help. Also conductor has been uv intoed, now he may have a theory or tell them things theyre not going to take his word of it but back it up by looking at the track signal and mechanics of the train. As i understand it the accident took place just outside of philadelphia. The train was moving, at full speed. It was going around about to enter into a curve. Goes to the left. And passengers said it was like their train was slamming on brakes a big bang, crash and then it happened. Instinct must have been going too fast to hit this curve but dont necessarily believe that. Other experts say it could be a track issue here. Question of to wait and see. But i dont know not going to rush with the answer that is for sure but they could have a very good clue some time this afternoon. Mary what is the issue with infrastructure . Yeah, right well Congress First instinct is to throw more money at amtrak that is what theyve been doing for last four decade they shouldnt rush to that conclusion. Ashley said we dont know what caused this crash. But the question really is, if the infrastructure is deficient who should pay for is it . How do we prevent this from happening in the future . Would this be better infrastructure if it were prioritized . Prioritized cost of a ticket on amtrak would go through the roof. Dont necessarily know that. We have private railroads in my home state of florida all onboard florida an theyre building railway that people will use. I bet that the service on that railway will be of Higher Quality and more use to those passengers than what amtrak interrupt for a second we have this coming to us from the pentagon telling fox news that a u. S. Naval academy it was one of the six People Killed on that amtrak train. Okay, a personal tragedy story. You take that train a lot dont you . On amtrak on thursdays as you know when i go down to d. C. To be only the show in their evening and on with you in the morning. So im on fox and friends 6 30 and 8 00 train against the Union Station at 0130, and it is comfortable, it is convenient it is quiet almost luxurious, you dont think twice about it. Be with no seat belts, all you have to do is doze off. Youre sitting, your body is a sitting duck for what could happen to it with the slightest little irregularity in the movement of it. Youre a libertarian do you think seat belts should be managed story on trains . I think they should be available but government shouldnt make me put one on. But i have the right to be crazy. What mary said i agree fully with the idea of priority prioritization superb prices and service. Not going to build another railline next to existing. The government has sufficient right of way right now. To install more tracks, in fact there are 6 tracks going north and south between washington d. C. And new york city. Some are used by locals like new jersey nj transit some used by feds. Build it where demand is high fest the northeast corridor. Amtrak loses money on routes stopping are you abandoning your wonderful instincts towards the free market to what socialists taught you at the London School of economics. What is wrong with you . This is a personal story. It is a human story. It is a tragedy story. I want to focus rights on politics mary has a solution and it is double. Hold on a second Amtrak Service is suspended between new york and philadelphia. Trains running new york to boston and d. C. To philadelphia. Operate on a very is limited schedule, fox news doug is in d. C. With the latest on this. Give me the big picture if you can, the mtsb has a team on site. What is their priority . First to talk to the engineer he might be able to answer straight away what caused this crash. Now whatever information he providers will have to be verified by data but trust but verify a is what investigators john said on fox news just a little while ago. And we also know that that engineer has injured but conscience and has been talking at this moment in addition, hell have to take a drug test to see if he was under the influence of anything. Amtrak engineers have been required random urinalysis and im not sure on that. Another important factor amtrak locomotive equipped with a did man switch. A term much more technologically sophisticated than that. But if at any time the engineer takes his handle off the switch or off the console train will alert him with a beeping sound and also a flashing light. If he doesnt respond within 20 seconds train kills power ands to a stop. They need to examine the vet recorder weve been talking if like a plane black box to offer information as to what caused the crash. Heres Deborah Hersman of the former of the mtsb. Good information about breaking, total position, speeds, other indications they can get from recorders will help them to ask right questionings antes information together. Another factor of positive train control, the entire northeast quarter is governed by positive train control which to a limit a trains speed in override whatever inputs the engineer will put in. So it will be very curious to see whether that positive train control again in effect across the northeast quarter operating effectively. The other possibility here is that it was, of course, track failure. Their looking at that as well stuart. Doug thank you very much indeed appreciate it. Okay leave the story for a moment mover on to what is happening on markets the today and word is not much. Dow jones industrial down 18,066 no news there. Dupont big drag on the dow it defeated activist investor nelson push to get the feet on board. Broke the news last night and said he was pessimistic and that stock is tumbling 6 . Big drop for a dow stock. Price of oil 61 almost. Price of gasoline up a penny overnight 266 and price of regular by the way has gone up 28 cents a gallon, in a month. The chemoest gas in the station, now 1. 94 so go to exxon in jarrett, virginia. Six died including shipman from Naval Academy in indianapolis. More than 200 taken to the hospital. Limited service along amtraks Northern Quarter line. That is it. Coming up next, president obama slams fox for portraying people in a negative light that is the way he sees. We will set the record straight in a moment. 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Whatever i can do to help compute a cure for cancer, thats what id like to do. It is still a go nowhere wednesday morning were down 13 points that is it for dow industrial. Facebook, though, timing up with a New York Times buzz feed and several other Media Outlets to post articles, directly into your news feed. You dont even need to follow them to get the articles. Facebook takes heres the kicker, 70 of the ad revenue from articles that goes to facebook that is how you divert a billion users into cold hard cash. Facebook is up 78 this morning. Newest from d. C. On the amtrak derailment congressman peter democrat used his ohming statement during a House Transportation Committee hearing to hint at members of the house appreciations committee warning theming to think twice before cutsing amtrak budget in light of last nights accident heres the direct quote theyre proposing to cut 290 million from the Amtrak Capital grants program, i would say that program is already insufficient. More on that coming up. Now this, president obama speaking to a panel on Georgetown University accuses fox news of spreading negative stereotypes of the poor. Listen to this. If you watch fox news on a regulation basis they will find folks who make me mad. I dont know where they finding them, like i dont to i want a free obama phone. Or whatever. With us lisa i have to say when i looked at that first and saw that my first reaction was that president is spinning his only policy failures that is my five. How did you see it . That is exactly what hes doing but quite frankly if i find his comments scary. He also said that we need to change the way that the media report but that has been this administration approach with the media. Hes tried to muzzle the media. This is a president who said that he was going to have one of the most transparent president or administrations in history. But hes not had anything but. Hes prosecuted more leakers under 1979 than any other president s combines. Well, i think that point here is we only the Fox Business Network on this program weve looked at the Food Stamp Program not at recipients we havent characterized recipients but looked at the program, policy and weapon found fault frankly i found fault with a nation 6 years into recovery. Which still has an extra 2 million on food stamps were not characterized recipient or the poor. What we have done is look at the program and call the failure that it is. That is where im coming from. Stewart unsomewhere has to because the reality is that food stamps have increased by 45 under president obama. The poverty rate is at high fest it has ever been. If we look 50 years ago lyndon b. Johnson launched war on poverty but it is not helping if anything what weve done is created an entitlement nation. We spend more money on means tested programs than most countries entire budget. On the other side of the coin, you could say that the programs initiated bit president have helped people and no question that people are helped by these programs, and i wouldnt deny that for one second. I think that should be part of this debate. Well absolutely. Were not saying those programs arent helping people but argument made here is the fact that weve created this entitlement nation and that were spending entirely way too much on these money, and amount of money that were spending were not getting the performance from those dollars that we should. That is what needs to be evaluated here. Is we absolutely, you know, not advocating to not help individuals, but we with need to make sure that money is being used efficiently and it hasnt been. We havent really answered the question who pays for all weve answered it. Who pays for all of this . Why are we going into such enormous debt and extra half trillion dollars each and every year and were supposed to be in recovery mode that gets me. We never look at whose paying and how much debt were going into to all of the programs that weve put out there. Well absolutely. What weve seen is over the fast 50 years weve spent more than 61 trillion dollars on these programs and the problem democrats approach and liberals approach is just to throw more money at the problem, rather than reforming welfare rather than looking at the problems identifying the problem and fixing them and democrats dont want to do that because theyre scared. Indeed lisa booth we thank you so much for joining us busy day. Thank you very much indeed. Then we have the irs. Ceases more than 100,000 from a Small Business without accusing that business of any crime. That Business Owner is fight back and we have his story for you in a moment. My business cant either. Which was all that was in there. 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We eliminated the income tax on manufacturers altogether. With startupny, qualified businesses that start, expand or relocate to new york state pay no taxes for 10 years. All to grow our economy and create jobs. See how new york can give your business the opportunity to grow at ny. Gov business elphia heres what we know six have died six critically injured more than 200 others taken to the hospital with injuries now train traveling from d. C. To new york along that busy northeastern corridor route, am track has suspended service between new york and philly. Offering limited service from new york to boston and from d. C. To philadelphia. Now the white house just releasing a statement from the president heres the quote amtrak is a way of life for many from washington, d. C. In philadelphia to new york city, and boston. This is a tragedy that touches us all. Mtsb is on scene right now well have a live report from philly in just a few moments. Now, do you remember lyndon hes the Small Business owner in North Carolina who had his back again wiped out by irs because he was making a lot of cash deposits. Irs took all 17,000 from that accident and fighting to get it back. Ashley hows he doing . Not very

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