Transcripts For FBC Varney Company 20150914 : vimarsana.com

Front lines. And football sunday kicked off, looked more like the triumph fantasy football. And drafts were everywhere. Were getting the more on the worsening migrant situation. Hold on there, Varney Company is about to begin. Well, were going to start in europe where the migrant crisis is growing, its desperate. Austria now sending troops, that is the military, to its border with hungary, keep them out. Germany, they also deployed troops, troops, Stricter Border controls are now in place in austria, germany and hungary. German Officials Say up to a million refugees could turn up there before the new year. They say the humanitarian effort must be shared throughout europe. There is absolutely no agreement on that at this point. Chaos over there, well, could that affect the stability of the stock market here . Not at this point. Were down just 18 points on a 16,400 index as we kick off this monday morning in the trading session. So, im going to tentatively suggest this monday morning were offering you just a little stability ahead of the fed meeting later this week. Come on in, Keith Fitzgerald in seattle, who says, market stability will not last if whats happening in europe and china and slowdown continues. Make your case, keith fitz . The humanitarian situation as you rightly pointed out is very, very serious. Thats going to have an economic consequence. The fed, will they, wont they . I dont know might as well ask if the Oakland Raiders are going to disband, past its prime much like the fed and i think we could see some volatility here, stuart. Stuart i take it youre with the concensus were not going to raise rates this week . Are you in that camp . I think that the fed is just dumb enough to try it. I think theyll be responsible to do so, but that doesnt change the fact that theyve ignored data and reality so long that theyre going to go ahead and do it because the models dont reflect whats happening in the middle class which is getting eviscerated. Stuart i want to wrap it, youre appearing later on the program. You think that we may be stable on a monday morning 20 minutes before we kick off the trading session, but you dont think thats going to last for a period of weeks or months, you dont think that, do you . For the first time in long time, stuart, no i do not. I think its going to be rocky sledding for a couple of weeks. Stuart okay, keith, come back in a few minutes time. Thank you very much. Clearly theres an antiestablishment feeling on both sides of the aisle. Bernie sanders, 52 in New Hampshire, Hillary Clinton, 30 . What . Look at the latest iowa poll, sanders leads by ten points, 4333. And if i were Hillary Clinton waking up this morning, i would look at those numbers and i would id know i was in deep, deep trouble. Do you agree with na that . How could she not be. Shes showing shes seriously shes lacking in judgment. This is a person not unlike the current occupant of the white house that puts themselves above the presidency. Stuart is that it, the emails and the response to it, the name, is that part of it. I think the emails pushed us over the edge. Are we going to become a dynasty and recycling the same families . A good question. If the next election is clinton versus bush, you could argue that there is something wrong with americas political system, i would argue that. Absolutely. Well, i think part of it, the americans are so frustrated, we keep electing people and keep saying if you put me in power ill solve the problems. Give me this and give them this and that and put them in power and nothing changes. Nicely done. Move onto the republicans, trump and carson theyre both way ahead of the pack. Donald dumb r trump 33 and ben carson 20. Two very much nonestablishment types take more than half the vote when you add it up. Way ahead of the pack. Bush 8, cruz and rubio 7 apiece and kasich down there at 3. I didnt see scott walker there as a matter of fact. And trump takes direct aim at carson, roll that tape, please. Im a deal maker, ill make great deals for this country. Ben cant do that. Ben is a doctor and hes not a deal maker and ill make great deals for our country which is important and i see yesterday in iowa the place was going wild, we had records crowds and they want confidence, they want deal making, they want to take back our jobs from china and japan and mexico. Stuart i dont think so that ben carson took the bait. Here is how he responded. He doesnt attack trump. Roll tape. I recognize i have plenty of energy, you know, operating on people, 10, 12, sometimes greater than 20 hours at a time, making critical decisions after many hours of intense work unexpected you dont have to be loud to be energetic. Stuart probably referring to the interviewer or trump has called him accused him of being low energy and walking through his candidacy and thats his response. And ive done surgery up to 20 hours and ive go the energy for the most important things, so interesting. Stuart it seems like the antiestablishment feeling is stronger on the republican side than it is on the democrat side . The Republican Party has made it very complicated over the past couple of elections where its very difficult to say what is the Republican Party, what do they stand for . There is so Much Division in the party itself. I am a republican, what does it mean . Where do you stand on the issue . It depends on the candidate. Stuart at the moment it looks like trump is the candidate. It does, which is concerning to me. While i think hes fantastic in the public eye, i love how he calls the politicians on the things that theyre saying, we need that desperately, but i dont see him as somebody who would be a fantastic leader who brings the nation tonight and would be a good representative for us abroad. Stuart ive got a feeling that republicans will gang up on trump and theyll have to do something, especially jeb bush who needs to fire up his campaign. Stuart hes almost 20 points behind. Well, trump has done a great job of tapping into americas frustration and focusing that on the other guys, theyre bad. Stuart nonpc sells really well, doesnt it . [laughter] it just does. Thanks very much indeed. We appreciate you being here. All right, now, this is a serious thing, look at these wildfires claiming hundreds of homes in california. Thousands are literally running for their lives. Ashley, bring me uptodate. Charles last, 25 contained. This is about 20 miles north of the famous napa valley shall the wine growing region, and this fire just record in and people were lucky to get out with their lives. There has been one confirmed fatality theyre not sure how that occurred, but this, because of four years of drought, this, the land there is just tinder dry. They had 30 Miles Per Hour winds and thats all it takes. Get a spark, boom. And theres another fire just about 80 miles southeast of there destroyed 80 homes. A state of emergency has been declared by governor brown. Stuart a state of emergency. Thank you. Facebook trying to develop a new app, that would, i am told, change the way we use our phones. Im not sure about that. Lauren . It could be cool if you want to watch video on your phone. Facebook is working on an app that would allow 360 video views and different perspectives that you can get just by tilting your phone. Facebook has proven its interested in Virtual Reality through its purchase of ocular cr and have a new headset coming out. An amazing finds by a hiker in arizona an old at t phone that tracked a gopro and lost from space. Its cool, it went 18 miles into the car from the blackness of space and looking at it. Was it a gopro camera that captured the video . Yeah, but the phone had the whereabouts of the camera. When a hiker found the at t phone, brought it into the store, they were able to low tate the gopro. Stuart i interrupted you. Please go. Star wars lights up the sky next month when japans Al Nippon Airways launches a dreamliner painted like r2d2, im not making this up. Two more disney planes next year and star wars images on the napkins, the cups, headrests, all star wars all the time from here through december 18th and then on. Stuart forever, im rolling my eyes, i dont believe theyll sell 6 billion worth of star wars merchandise, i dont believe it. Maybe they will. I do, stuart. Stuart all right. If you want more of this, tune in at 5 00 in the morning, please, lauren and nicole will take you through fbn a. M. , start early. Coming up, scott walker getting tough on unions. Hell be tough on the National Labor Relations Board. And donald trump hitting out and executive pay saying that ceos of making more money than they deserve. Its disgraceful. I would say its less than 10 and these guys making these enormous amounts of money. Its a totals and complete joke. 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. Mmm hmm. I know the markets have taken a hit lately. Just wanted to touch base. We came to manage over 800 billion in assets, through face time when you really need it. Its how edward jones makes sense of investing. The cowboys beat the giants. No, no, first the Dow Jones Industrials average wait for it sports fans. The Dow Jones Industrial average will open virtually flat. Down 20 odd points at 164. Okay the cowboys beat the giants in dramatic fashion. Tony romo threw a touchdown pass with seconds left. Go to tennis, Novac Djokovic beat roger federer, and he won. I think the crowd favorite was federer, but djokovic won. And thats sports. Here ends my coverage of sports. Scott walker calling for an end to federal Employee Unions and the National Labor Relations Board, roll tape, please. Were going to tell the American People what were going to do when it comes to taking on the Big Government union bosses, what were going to do to take power out of the hands of the Big Government union bosses and put it firmly into the hands of the hard working people of this country. Simple things like day one, stop the government from taking paychecks from employees from Political Union dues, i dont think any worker in this country should be required to put money into a Political Fund that doesnt support candidates that they dont support. Steve moore is with us coming to us from washington. You heard the scott walker plan, basically get rid of unions in the federal work force or cut them down to size. Its a long list of strong moves against the unions. Can he do that by executive order . Well, the president by executive order, so i think some of this could be done. By the way, the agenda that he laid out there, stuart, is very similar to what he did in wisconsin which has made him a National Hero among conservatives and taxpayers around the country. So you could do a lot of that and by the way reining in the National Labor Relations Board is a great idea. Nlrb tried to keep boeing from leaving washington and going to North Carolina and shutting down Franchise System for stores like mcdonalds and burger king and others in the country and way overstepped its boundary. The last thing that he mentioned that i find attractive as a conservative is paycheck protection, that a union should not take money out of a Union Members paycheck without their consent and thats happening all over the country and with these Employee Unions. Stuart will that message break through . I ask because let me tell you something about donald trump. He hogs the publicity. He called ceo pay a disgrace. Those are his words, ceo pay is a disgrace, some of them get a lot more than they should get. That message will be all over the place this morning and scott walkers message on the union might be buried. What say you . That might be the story, you have 300 reporters following donald trump and one or two following everyone else. Im going to Say Something that may surprise you, stuart. I actually agree with donald trump on ceo pay. I think this incestuous relationship between many times the board of directors and ceos is unhealthy for the capitalistic system. Its a ripoff for the shareholders in these companies. I have no problem paying ceos whose companies are performing well, i dont have a problem paying them tens of millions of dollars. I have a problem paying ceos tens of millions when the companies is failing. They exist to try to maximize shareholder value and these ceos are not doing this. Stuart and i think that trump will get a lot of publicity about the inequality side of the argument not reigning in crony capitalism. Thats not the point here. Let me be very clear about this, stuart. Im not saying that the government should come in and regulate ceo pay. Im totally against that just like i dont want the government to regulate anybodys benefits and pay, but i will say this, i think theres a real problem with shareholders not being adequately represented. Stuart fair points. In terms of these, what ceos pay. Im having dinner tonight good ceos pay them. Bad ceos throw them out on the street. Stuart thats a one liner that would sell politically, well done, youve just written the campaign for scott walker. You got it. Stuart thank you very much, sir. Coming up the miss America Pageant gets political. Contestants taking on donald trump to black lives matter and guns, too, more va varney is a moment. I think that donald trump is an entertainer, but i think that the Republican Party should be terrified of all the attention that hes taking from jeb bush and chris christie. I built my business with passion. But i keep it growing by making every dollar count. Thats why i have the spark cash card from capital one. I earn unlimited 2 cash back on everything i buy for my studio. And that unlimited 2 cash back from spark means thousands of dollars each year going back into my business. Thats huge for my bottom line. Whats in your wallet . Hand apparently, they also lovee stickers. Ing. Whats up with these things, victor . We decided to give ourselves stickers for each feature we release. We read about 10,000 suggestions a week to create features that as traders wed want to use, like social signals, a tool that uses social media to help with research. 10,000 suggestions. Who reads all those . He does. For all the confidence you need. Td ameritrade. You got this. Everyone loves the picture i posted of you. At t reminds you it can wait. 800,000 hours of supercomputing time, 3 million lines of code, 40,000 sets of eyes, or a million sleepless nights. Whether its building the worlds most advanced satellite, the space station, or the next leap in unmanned systems. At boeing, one thing never changes. Our passion to make it real. Tand thats what were doings to chat xfinity. Rself, our passion to make it real. We are challenging ourselves to improve every aspect of your experience. And this includes our commitment to being on time. Every time. Thats why if were ever late for an appointment, well credit your account 20. Its our promise to you. Were doing everything we can to give you the best experience possible. Because we should fit into your life. Not the other way around. The 95th annual miss America Pageant was held last night and Betty Cantrell representing georgia was crowned. There you go, the lady on the left of your screen. The event this year seemed politically charged. Listen to some of the questions that the contestants were asked. If we teach people the proper way to use guns then we will reduce the risk of having gun related gun related accidents. It starts with education. I believe that black lives matter, all lives matter, it shouldnt matter what we base our labels on, everybody matters and i think that we can stop all the violence with Police Brutal with body cameras and making sure all of our policemen are trained and ready to go into the field. Every life matters. There you go. Stuart what do you think of that, sandra. Sandra they are political statements, what are you going to ask about . Usually world peace, whats wrong with that. Sandra is that not political. A controversial topic. Sandra its always been political and always been about watching the girls and if they get absolutely stumped with a question, right. Did you see the question about tom brady. No, i didnt. Sandra clearly there was some uninformed contestants about whats going on with tom brady and deflated footballs. Stuart are you on bradys side. Sandra absolutely not, im a Chicago Bears fan. And so many tom brady apologis apologists. Stuart was it political . I think its how frustrated everyone is with the current political process and politicized. And desperate for insights even at the miss America Pageant. Stuart i think were looking for somebody to politically incorrect. Sandra so mean. Stuart im not mean. Im being honest. Were moments away from the opening bell, ladies and gentlemen, on this monday morning and dow futures are planting to an opening. And looks like the iphone finds more demand in china and the new model sold out, how about that . More varney after this. The agenda that you breakout there is very similar to what he did in wisconsin, which has made him a National Hero among conservatives and taxpayers so you could do a lot of that. Reagan and the National Labor relations, ford is a great idea. Stuart . Us steve moore appeare