Transcripts For FBC Varney Company 20150915 : vimarsana.com

FBC Varney Company September 15, 2015

Migrants who are flooding europe now. What about isis . How many of you watched the monday night football double header because of their fantasy teams. And now Congress Wants to get involved. And the wildly popular mcdonalds mcrib. Is that going to turn around . We know what stu thinks on breakfast all day. The mcrib controversy. Lets take a look at the dow futures, stuart says it all the time. Were looking for stability, he likes that word, calm, thats exactly what weve got and the dow up just about a quarter of a percent. We had weak Economic Data, its about the fed. And take a look at oil, oil has been, well, drifting slightly higher. Up about 1 , up 47 cents and by the way, regular gas down a penny overnight and thats the good news. The royal fanfare. Sandra thats great 2. 32,amazing, the national. An on regular down 29 days in a row, the cheapest it was in the land 1. 64 in aiken, south carolina. Sandra road trip. Road trip. It would be a lot of gas, but great to say we got it for 1. 64. Flash floods in utah slamming into cars carrying women and children, and heavy rains in the nearby mountains causing the flash flooding. This area about 300 miles south of salt lake city. Turning now to sports. The 49ers beat the vikings, and a huge game from running back hyde. Adrian peterson, the vikings, making his return after a long suspension last season. The 9ers held him in check nicely. A wild one in atlanta during the falcons and eagles. 2624 behind two touchdown from julio jones. To politics where the big game is going on. Take a look at this, Hillary Clinton losing support among Democratic Women. And now, 42 of women support hillary, down from 71 in july. And joining us, from the national review, katherine, my goodness, a huge drop down, 29 in eight weeks. Why . Shes not trustworthy. Look what she just said about Sexual Assault survivors, that they deserved or they have a right to be believed. Okay, if thats what you think. How about paula jones and the other people who accused your own husband of Sexual Assault. Shes gotten a reputation for significant things opposite to what she said before about criminal justice and gay marriage. This is something that contradicts the may shes living her life. You cant say Sexual Assault survives have a right to be believed when youre married to an alleged rapist. Come on. Its interesting, shes on a charm offensive. You know, hillary, you have to be more authentic. The harder she tries, the more she shows she cant do it. Shes on the talk show circuit, entertainment tonight, different things, does that make a difference . It seems so forced. It is forced she looks awkward when she tries to make a joke or a pop culture reference and authenticity is more about believing what you say and a knowing who you are. People arent that stupid. If youre supporting her, youre stupid you have to be at this point. I believe that. Look at what shes saying and doing, thats what i think. Whats interesting the latest poll shows a steep decline from white women voters 63 in july, down to 42 . Why that particular category . I think what she was trying to do with the Sexual Assault comment is bring that up. The women who thats important to, which are a lot of white women, and talking about on college campuses, they know about her past. People know about her past ap just to Say Something like that and knowing that shes not living her life that way and she doesnt believe that accused her own husband or she does and thats fine. Both are horrible, shes horrible. In the Washington Post a number of people were interviewed. We want a woman in the white house and backed hillary. Now we dont think shes the right woman, shes too divisive. Maybe theyll have to wait for a different woman. Her background makes it difficult for people to support her in the long run. She may be a woman, but its not feminist to vote for somebody because they were married to a president and stayed married to a president even after hes accused of Sexual Assault multiple times. Well leave it there. The latest poll on the republican side. Donald trump and ben carson increasing their lead. Up from 24 in july. Carson 23 , up from 6 in july. Meanwhile, jeb bush, 6 , thats down 13 from july. U. K. Had 6 , rubio 6 . Not pictured, by the way, scott walker. Meanwhile, donald trump taking on hedge funds. Listen to this, i have a friend in the hedge fund because, not a friend, but good representing us because by the time he finish he may not have much of a hedge fund. The other day he called me up, hears me talking about Hedge Fund Guys are going to pay up. What are they going to do . Theyll be fine. Theyre just fine, i think he made that point. Look, even the people hes targeting say theyre going to prosper. Lets remember what he said on friday and the tax plans. We have an amazing tax plans reducing taxes for the middle class. The Hedge Fund Guys, they pay 20 , they should be qualifying at 39. 9 , lets be honest, theyre smart and great accou accountan accountants, but hes going off jerry one of the nicest, i think, well run hedge Funds Companies and he went after him personally because he got rid of his clothing lines. Oh, a personal revenge. Does wall street start to be afraid of trump. It depends quote, unquote wall street, Hedge Fund Guys, yeah, they doesnt want him in. Some of the traders, they like that bombastic attitude. And especially out of florida where hes got buddies, they do not like trump, theyre saying bring back mitt romney. Jeb isnt doing a whole lot. Jep cant do it and they dont trust trump. Thank you very much. Now to your money, asian markets are down. The market is down there. Lets bring in market watcher, you say china, a two weeks ago we would see that on wall street, but like i said, the fed. The focus is on the fed [buzzer] the fed. Okay. The good news is that china really is so separate from the u. S. Economy. The only fear we have is that the chinese have to start selling some of their 2 trillion in treasury bonds. Buy that thats way off. Our stock market is seen as the place to flee to for safety and the number, only 2 of our gdp is represented by import, exports of china. Were seeing global slowing. We know the impact on the markets. Europe is starting to stumble again, so thats got to have an impact on Multinational Companies from United States. Thats right, but we also have so many Domestic Companies that are going to do well. Cheryl just mentioned macys. Macys is an excellent investment for any investor looking to stay domestic and away from europe, away from asia. Dillards, kohls, some of the companies, a 4 dividend yield. Its interesting, Goldman Sachs had researched this morning, barclays, Credit Suisse and they see these as they come back in incredible value opportunities for investors to go into with dividend yields. We might see companies that are beaten down in europe. So what does the fed do . The fed cannot tighten. Its impossible for the fed to tighten because the reality theyre going to at some point. Why not now and rip the dan bade off . Because very much of a fragile economy and it will rile us up. Dose wont happen. Everyone thinks the fed is going to tighten because they created this asset bubble. Dont think they do . I think they have to. We all have opinions about this, theyve got to do something. December at the basis points, its being a little pregnant. Celebrity apprentice has a new host, its Lauren Simonetti. That would be fun, ashley. The show is taking to snap chat, take a look i cannot wait to say, youre fired or youre terminated or you wont be back schaim. Thats the 68yearold Arnold Schwarzenegger on snap chat prepping his line for firing contenders in the Celebrity Apprentice when he takes over donald trump. Who quit the show. I didnt know anybody older than 24 years old was on snap ch chat. Is the governator. Shaquille oneal says he turned down the opportunity to open up places in the inner city, he says its one of the biggest financial mistakes hes made. Do you think . And look at the aisle seats to move up and over the sheets and passengers can get more room to come in. Anything is worthwhile, two inches ill take it. Youve got it. Thank you, lauren. Tune in every morning at 5 eastern with Lauren Simonetti and a great show and they do smile at 5 a. M. , i guarantee it. The nanny state in the pacific northwest, people in seattle dont want inspectors going through their garbage. They are saying what they should and should not be throwing away. Its the trash police. The judge is next on that. I understand that people have noble goals, but at some point you have to say you cant violate my rates to achieve this noble goal. At ally bank no branches equals great rates. Its a fact. Kind of like shopping hungry equals overshopping. Hi mim raph. Tom. My name is anne. Im one of the real live attorneys you can talk to through legalzoom. Dont let unanswered legal questions hold you up, because were here, were here, and weve got your back. Legalzoom. Legal help is here. A day after long range missile launches. North korea is resorting all of its atomic fuel plants with sophisticated Nuclear Weapons. The north says its ready to use Nuclear Weapons on the United States at any time if it continues to quote, cease their restless hostile policies. Moving tanks into syria, by the way, a reading on production in august was down more than expected. Despite all of that, just take a look at dow futures right now, flat, dare we say stability ahead of the fed meeting . We may dare. Its pretty much of a repeat of yesterdays session as we wait for the fed. I did say fed, just did. The city of seattle is looking at program, and waste inspectors are making sure that youre recycling and composting properly. Judge napitano is here. This is insane, basically the trash police come out and go through the trash. If 10 or more was recycleable, youre throwing it away, you can be fined. Its an interesting legal problem and i dont know how its going to end up. In the state of washington, and in most parts of the country, here is the law. If the government is going through your garbage looking for evidence of a crime, it needs a warrant to do so. Stuart right. If the government is going through the garbage looking for something in the environment, it doesnt need a warrant. If the people of seattle are offended by them going through their garbage, and i would be, its an executive branch, the mayor, to deep advertise garbage collectors who are not City Employees to act as if they were police and to go through the garbage and look for things that dont belong there. There should be a less intrusive way to preserve the environment. So garbage left on the street on a public street outside, do i have any expectation of protection say under the Fourth Amendment . With he will well, let me put it out. If you put garage on the street or the garage room in your apartment, do you have any privacy interest there . Do you expect whoever receives it will protect your privacy . The courts have said probably not. No. So if you are concerned about the consequences of liability for what you put in the garbage, you want to dispose of that in such a way that the Garbage Police cant trace it back to you. So the residents of seattle have fired suit for invasion of privacy . I dont know if theyre going to win that suit. I do think if its a political issue in seattle and the government sees the reaction to it, the government might stop the program, there might be an ordinance in the seattle code that could be enacted, prohibiting the mayor and the Garbage Police from doing it. Of all the things going on in the world. And what has more one would think less intrusive ways. I understand the need to protect the environment, but to turn garbage collectors into police who are threatening and warning people, you cant wrap this bag properly, its not what we expect in the west. Do they do this in the other country. They dont, id like to think they dont. Appreciate it. Pope france francis is attacking capitalism again. And later in the hour, fantasy football covering the way we watch and cover the game. Someone who does cover it with join us shortly. Its intelligent enough to warn of danger from virtually anywhere. Its been smashed, dropped and driven. 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X1 from xfinity will change the way you experience tv. Pope francis again taking aim at capitalism saying that europes refugee crisis was caused by a quote, bad, unjust socioeconomic system that worships the god of money. Well, cheryl, that same god of money is asking for 200 on the Retail Market to see the pope. So what gives . Scalpers. Cardinal dolan here in the states, officials are furious because the tickets are scalped. Two tickets are 100 some are going for 1,000. These are 80,000 free tickets to see the pope. And theyre scalping them. Want to talk about money. How much are taxpayers going to pay to have the pope in their city, philadelphia, washington d. C. , extra police. We dont know. Ive been asking the question. The training in new york, drills, thats taxpayer money going why doesnt the vatican kick in. I just offended a million catholics, im sorry. And then the scalping thing is not very christian. All right. The opening bell, well leave it there. Three minutes away, have we achieved stability. And the mcrib, a debate about that, will it turn things around . The market open after this. Sure into the opening bell is ringing. Everyone is clapping. Yesterdays section is flat. This will start the same way up 23 points. Stuart likes to follow this closely and sandra smith is lapping. Up 29. Staying at 29. Joining us, Cheryl Casone, senator smith, Hilary Kramer and harry levin in chicago. The two days said meeting leading starts tomorrow at the big decision on Interest Rates announced on thursday. Hillary, what are they going to do . Theres no question the fed cannot tighten. Too much global weakness. The reality is a jobless recovery and jobless recovery in the fed knows the numbers they look at our erroneous numbers. The fed has to say right now and focus on waiting it out and see what happens with inflation helping inflation doesnt become a problem. Sure into yesterday was talking to Cheryl Casone i said why dont they raise Interest Rates. 12 on both sides of the issue. What he aint . I dont think theyll do that either. I think this market will take an egg dip. It will be a 3 and 5 drop and i dont think the economy is where it needs to be for them to do it. The other reason they do it is to save face. Ashley sandra smith, what are they going to do . Why not both a quarterpoint to get it started. The markets might have a kneejerk reaction. We need to get back to the markets functioning as they should without this level of involved in from the federal reserve. Investors looking at buying a share of apple or ibm and wonder and i really owning the company or my subject to the fed next move. Ashley what if they dont raise rates, what does that say about the economy . This is bad things about them. Sandra is here as a voice of reason. For the bandaid off. Shes absolutely right. Look at the unemployment rate. Ashley most people would give up looking. This is a secondquarter gdp briefly caught. No one is buzzing me when im talking about gdp. Just do it. They are losing credibility every single day. Ashley lets move onto another ratio before we beat the fed to death which weve done. Moving to china. Hillary says that the nonfactor at this point. We had some late performance of the chinese markets. No impact today on the markets here. Trading is not a nonfat or a week ago in two weeks ago we had some big down days because of what happened overnight in china. It certainly affects what you are doing if you are a model or pot investor and hopefully going to see it go higher than its not something you want to Pay Attention to. Ashley sandra, what do you think . Transfer your book, Goldman Sachs recently said they are not worried about china. The exposure but the u. S. Equity market is not that big. Even though i wouldnt be rushing wouldnt be russian and chinese stocks right here. At the same time he asked. Sandra i wouldnt even be referencing chinese stocks in this market. Ashley the u. S. Exposure to china. Economic nor china if you buy companies, you have a lot of exposure as well. Weve got to move on. Lets look at the big names for lunch every day. Lets begin with apple. Did okay yesterday. We never got that the numbers were on the iphones moving slightly lower. Thats not being a quarter of a percent. Netflix is down slightly 1. 5 down 1. 50. Amazon is pretty good and nice and i remain down nearly three bucks. Lets look at walmart moving slightly higher. Caterpillar, and nickname impacted by wha

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