Transcripts For FBC Varney Company 20151009 : vimarsana.com

Transcripts For FBC Varney Company 20151009

Generous benefits. How about this . Blue skies and water on pluto and colonies on mars 20 years from now . Excitement in the space business. And its friday, look at your 401 k , crack a smile, the dow hit 17,000 and will open up some more this morning. Varney company is about to begin. Prepacedent obama is about to overhaul part of his strategy in syria. Officials say the pentagon has stopped training sy the news is just in, an offiom al announcement is cominopen thank goodness. Stuart lets get to the markets, friday morning, a terrific week. Longest winning streak in a year. Chk your 4ay, 40. The dow closed yesterday at 17,050. And were looking for a gain, 20, 30 points. Its not a loss, not bad. A slight gain. Disappointing earnings for alcoa, they kick off the earnings season. And cut the production for china for cars and truck. Alcoa is going to open slightly lower. How about oil . Its been on a teare weust like stock this week. 50 a barrel this morning, 50. 20 to be precise, yought now what that means . Gas prices are going to go up again, they have overnight. And now were at up 32, thats the national average, now this, im gsling to say the g. O. P. Is in disarray, maybe that is an understatement. The question of the day is, have the repesslicans handed the election to the democrats because they cant elect a speaker . Do repesslicans want to fight or do they want to govern . Daniel is here, a former member of the European Parliament and the author of the book inventing freedom. Daniel, you bring im gsling to say the outsiders perspective here. Youre an english guy, youre european. Im certainly not european, im british. Stuart youre looking objectively at what is going on. The republicans are in total disarray. Theyve handed the democrats the election . I cant say it. Maybe my distance is making me blind to something. I dont see any connection between internal wrangles in the legislature and People Choose being whom they want to be in the white house. Stuarainl let me spell it out t you. The republicans cant get a speaker, theyre likely to have this chaos continuing for some time. Were likely to shut down the government because they cant get themselves a speaker. The democrats will say, look, you cant govern, you cant run congress, you cant run the white house, priceless material. Well, isathink the founders knew what they were doing when they separated the exec1 etive and legislative branches. If i look at the republican contenders, there is a wealth of talent of theght ind i havent seen recently, if im honest the last gvera, no. Primaries, was fairly certain no one could win. This time its not the case. Theres a rich, throbbinlet cornucopia of different people with different narratives and different ideas. This is exactly what a democracy should be, it should engage and enliven. Stuarainl where im coming from here, the republicans will get the blame for s conttting down get the blame for this dysfunction. I get the impression youve been reading the nurs york times. Stuart cheap shot. [laughter] you see the cojustection, stuar . Isareally dont. I can liao like i say, maybe im missing something. Youre electing the spy, the commanderinchief and then theres a separate issue how to put together a majority in congress. Im not sure its necessarily a thad thing that pon its no longer just a kind of playing second fiddle. I think thats a sign of a healthy democracy. Stuarainl so youfue got a britih accent, start the show and immediately contest the premise which ifue opened with. vaughter] well done. Weve got to have a revolution. Stuarainl youre a fine spest, thank yo for joining us, good luck, sir, thanks. Well have more on the republican disarray, thats what im calling it. With South Carolina senator lindsey grahrom, hes running for the presidency and well talk about disarray in the athe hellarys a, the ack on the bana and sh and higher than private sector employees, from the cato institute. Trommy btivece still here. Do i have any opinions . Well, theres no st trprise there. No, there isnt. Stuart im surprised how big the gap is. Theyre better than us, arent they, they deserve more money because they do more difficult work and theyre be, the er people. Look, this is the people, the only pon but thats very small area of d. C. , of course, and you talk about the distance between the poor and the wealthy. You see it. Gaterpeopent st tpet to h supe and then those other neighborhoods in washington dich. , the tonverty, the unemployment, the abandopeopent thats classic Big Government work. Where everyboo and thats ae weob for lidem. Stuartc1 you cant fire pon in the federal government, you cant fire them. Ashley great giopen stuarainl and you cant put a number on that. And the mon g theyre el,ending and union dues and a section of that goes back to politicians thatght eep raipace those salaries and it becomes this churning thing while everybody else st tffers. I think we need toght ick some butt at some point. Stuart dont use that word. What, kick . One t. Ouot very british of me. Stuart your politics confuse moin i naught i thought you were a liberal. Im many things bump im american fiat. Oh. Aswho g 15late. Stuart i want to tell you about the futures, were gsling to be up not much, but we closed yesterday at 17,050, a fraction higher when we open up this morninopen thy the way, closing at 17,000 means that were up close to a thousand pslints in a week. Dr barton is here, now, youre going to be the killjoy, arent aliaou . aliaou dont think it lastplo i dont think it lasts for a number of reasons. The biggest growth weve had all year has come on the heels of improving commodity prices, slil prices so weve got the old miners that have done a snap back rally and oil stocks that have done a snap r wck. Look at the leaders, apple, amazon, not moving up as strongly, so i dont think wewhee ater, i think we can hae a rally into year end. Ime weust cautioning pon right nolic this is not the time to jump in when everybody is h, r lia. But they say theyree weust going to give cheap money. We know that now, we looked at the minutes. Very dont sh, w that should th markets worry about the liquidity and che, r money . Its a pslint well made, ashley. Im saying if everyone is going to look at the 401 k and say, l aoobec lets put more money i i say wait for a week or t, thio get a pullr wck and thats when you put more money. Stuart well open in 20 odd minutes. Now this, oneght courled and th wounded at Northern Arizona University Early this mo abinopen the shooter was taken into custody. The shooting occurred in a parking lot near a student residence,ght nopvthe clear whether the shooter or the victims were students. More on that later. South carolinas governor nikki haley warning of more flos s, thillen rivers expected to deliver even more water to low lying and coastal areas. Heeal g says that areas northwest of charleston could be flooded in the next 72 houa and could remain flos l wall street. She wants to fine them, tax them, investigate them. Congressman garre, the is ne w sports action last night, this caught my attention, a grounht crew member rushed to cater the field in kansas city. Ashley oh, swallowed by it. Stuart watch out, young man, here it comes. Lets get to the game because the astros managed to finish the grome despite that swallowing up the groundsman, thats grome one of a fence gro serends. Heees okay that gu more varney next. Were cracking down on medicare fraud. The Health Care Law gives us powerful tools to fight it. To investigate it. Prosecute it. And stop criminals. Our senior medicare patrol volunteers are teaching seniors across the country to stop, spot and report fraud. You can help. Guard your medicare card. Dont give out your card number over the phone. Call to report any suspected fraud. Were cracking down on medicare fraud. Lets make medicare stronger for all of us. Yesterdays bombshell announcement that House Majority leader Kevin Mccarthy was dro the congressman Jason Chaffetz is down in webster still in the race and paul ryan says, no, he has no plan to run for that spellrers job. Onm, what a mess it is. To new Jersey Republican congres2 an sco, the garre, th im gsling to get to wall street in a moment. I know thats your area of eght nertise. What are you pon all of this pales in coarison. The democrats have been handed choice priceless issues here, and you cant gove ab, you cant run congress, how can you sit in the white house . aliaought now whats coming. Ight now whats coming. But its obviously undue. We had a condemrence yesterday and were gsling to have a conference right now and, but still, the meetings go on, the exommi, the ees process contin washington continues to hospital so thats not changed heeere. Oed y, you serve as the chairman of the subcommittee, chai clan of the st t. Weommi, the ee. C, rital mall oets. Stuart for the house financial sernt ces committee. Heecourlary clintonn attack on wall street, fine them, tax them, et cetera, et exetera. Where is she going wrong. Do you think . I heard your lead in on that, find them, tles them regulate them. I think thats basically describes exactly what shes planning to do. Fine them, tax them regulate them and this bsis the question, bar any frank, i heard consulted on this, fine them, what was the doddframal le c1 oles ation fot to h what was th 400 regulations that grew out of doddfrank fo abi some of them havent been ipeoprimented yet. And it shows the wrong dwithection. Part of what they want is a tax on all trades. I realize that Hillary Clinton is not calling for that spefinafically. What is wrong with a tax of say, 1 10 of the r1 cent on all stock . S thats 3 c1 cong with that . A couple of things, first, thats part and the r1rcel, ana ore vloelyi floated around when barney frank was here with the get vel pu, the ing tadeough do i ssur he had the opportunity if he thought that was a sgiution to the problehar but thats not a solution to any problem whatsoeve abi athe r1n a i itional oux. athe r1s you know, that taxes at paid at the corporate level. It found its way down to who . The average investor and if we want to drive more of the capi oul markets out of the United States, out of new york, no longer make the u. S. The free market c, rital of the s torld, go the way that barney and hillary want to go in this direction and we cane weust put another nail in the coffin. Stuart if they had the tax, maybe be in s nchanges in diment erent countrends, quite easily. It could happen easily. That was the argument on the rest t. Lations when you had the multiple hearings. A say ad many s ouke hgide hill you in e the regulations or taxes on us, well go somepltuae else. athe r1nd r w ab g et al. Would say no, no, thats never going to happen. S teve pushed a lot of trades ande weobs oment seas to europd asia as a consequence of fine thehar tles them, rsiin mate th. Stuart youwhee my congressman, full disclosure, proud to be one of your electorate. Thamal you fore wesliumng us, always appreciate it. Always a pleast tre. Stuart coming up shortly, president ial candidate lindsay graham. Heee says the g. O. P ine thats what he says and wcourl e with us shortly. By the way, the senators home state of south cargiina is underwate abi he wants emergency aid despite voting down a simcourar aid bco ullter h soricane sandte im going to ask him about that hat is it the insightful strategies and Analytical Capabilities that make edward jones one of the biggest Financial Services firms in the country . Or is it 13,000 Financial Advisors who take the time to say thank you . night jim. Gonna be a while . I am liz got a little writing to do. Its why edward jones is the big company that doesnt act that way. Thats a good thing, eligible for medicare . But it doesnt cover everything. Only about 80 of your part b medical expenses. The rest is up to you. So consider an aarp Medicare Supplement insurance plan, insured by Unitedhealthcare Insurance Company. Like all standardized Medicare Supplement insurance plans, they pick up some of what medicare doesnt pay and could save you in outofpocket medical costs. 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And there are virtually no referrals needed. So dont wait. With all the good years ahead, look for the experience and commitment to go the distance with you. Call now to request your free decision guide. This easytounderstand guide will answer some of your questions and help you find the aarp Medicare Supplement plan thats right for you. I just had a horrible nightmare. My companys entire network went down, and i was home in bed, unaware. But that would never happen. Comcast business monitors my Companys Network 24 hours a day and calls and emails me if something, like this scary storm, takes it offline. So i can rest easy. What. You dont have a desk bed . Dont be left in the dark. Get proactive alerts 24 7. Comcast business. Built for business. You are looking at authorities in arizona updating the public on the shooting in the Northern Arizona university where one person was killed, three were wounded early this morning, the shooter, yeah, was taken into custody. It occurred in a parking lot near a student residence. Its not clear whether the shooter or the victims were students. We dont know that at this point. Look at dow futures, were almost flat. Weve had a great week. The dow crossing 17,000 yesterday, just after we finished our show and, yes, were going to go up a little bit this morning. Im going to call this a flat opening, but no retreat after the wonderful gains that we have seen in the past week. Now, this. Nasa confirming that the planet that will be pluto, not only has expansive fields of what is called water ice on the surface and also blue skies. You know, space has become exciting again. Ashley it has. Nasa went for a period, people said what are they doing . How can they justify the funding . Its a whole new era and thanks to the probes and spacecraft that have gone out so far and finally start to bring back incredible figures. Look at that, that blue haze is actually blue skies. And they had no idea it was there. As nasa says, thats an absolutely gorgeous feature. Theyve got ice on the planet, they believe there could be an ocean. Here is the kicker, the ice is red colored, but they dont know why. Stuart what, were going to go and find out. Are you excited by this . Its beginning to turn me on, ive got to say. Ice water, we dont know what it is, ice water water ice. The sky is blue though, and shouldnt it be red it its reflecting. We think we know and then theres a nice surprise. Stuart theres more on this. Nasa plans humans living and working on mars in colonies entirely independent of earth. This is their plan, build stepping stones from earth mars, deep habitation and you hang out for a while until you get to mars. First one is earth reliant and second is proving ground and third by the 2030s, earth independent and thats plan. As long as you dont need to learn chinese when are there. There are Young Americans that could be living and walking. I want to be in charge though. Its not enough to be there. Weve got to control the high ground. This cannot be forgotten. Theres going to be a walgreens there. Come on, a starbucks is going to be important. Stuart settle down, everybody. We spend much of the week on 17 k watch, yes, we did. And the dow finally hit it. Some worry that a bad earnings season could drag it back down again. When the bell rings in a couple of minutes from now, well find out. Urban outfitters, a troubled teen retailer asks their workers to work for free, calling it a Team Building exercise. More varney in a moment. At ally bank no branches equals great rates. Its a fact. Kind of like ordering wine equals pretending to know wine. Pinot noir, which means peanut of the night. You cant breathed. Through your nose. Suddenly, youre a mouthbreather. Well, just put on a breathe right strip which instantly opens your nose up to 38 more than Cold Medicine alone. Shut your mouth and say goodnight mouthbreathers. Breathe right you wouldnt order szechuan without checking the spice level. It really opens the passages. Waiter. Water. So why would you invest without checking brokercheck . Check your broker with brokercheck. At ally bank no branches equalsits 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. Im not sure its necessarily a bad thing that you have people taking congress seriously. The issue of who becomes speaker and what agenda they will advance matters that much, you know, its no longer just a kind of playing second fiddle. I think thats a sign of a healthy democracy. That was daniel hannan, top of the hour and he disagrees with my premise, which is that the democrats have just been handed the election next year because of the republican disarray. He disagrees with all that. Ten seconds to the go and the stock market will be opening up this friday morning, closing yesterday at 17,050. Likely to open flat to ever so slightly higher. Thats the reading from the futures marke

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