Transcripts For FBC Varney Company 20160310 : vimarsana.com

FBC Varney Company March 10, 2016

Trump in florida. 23 points behind. Trump says come on. Unify around me. No unity among democrats. A very testy debate last night. Hillary confronted over benghazi dish is the one who called her a liar is wrong. Bernie sanders fired up. He smiled a lot since my record is better than yours. How about this one. When chipotle restaurant is closed for one day. Some employees got sick. The value of the company jumped 542 million not one day. Wonderful europeans are going to confiscate more money. Stocks are going up nicely. When the opening bell rings. Varney company is about to begin. Well, well, well. Is there no end to this lunacy . Further into negative Interest Rate territory. Deposit money with the central bank and they will give you back even less than they give you back yesterday. Greater confiscation and they are going to print even more money as well. The world turned upside down. The dow is going to go up 100 points to the opening bell. Actually, what you have on this . Stuart mario draghi got out the bazooka a lot more than everyone expected. Negative Interest Rates down 2. 4 negative from. 3. Boosting those asset purchases an extra 20 billion from 60 to 80 billion a month. He also said they are looking at nonCorporate Bonds, nonbig bonds to purchase, which is something no one anticipated. Kind of becoming an asset manager. Printing money more than printing and they will take 0. 4 off of what you get them if you put money with it. Now they are buying Corporate Bonds. That is crazy. That puts them into the middle of managing the Corporate Bond markets, which no central bank. The message says get out and invest and hire an expand. That is what the whole thing is about. Stuart weve tried to explain that without getting wonky. Congrats. Lets get politics. We are on solid ground of politics. Two polls for you. The one candidate, read it and weep. Donald trump leads in florida with 43 rubio, 20 . Moved to ohio. The hometown of governor john kasich. Said man is 34 , trump 29 . Reveal all the way down at 7 . Read it to the polls the following. Huge pressure and marco rubio to leave the race. The antitrust vote can unify. More on that coming up in just a moment. The democrat debate. Hillary clinton, a big confrontation of benghazi. She was shown a clip from patricia smith, mother of one of the four americans. The clip similar to this one on this program. Listen to what is happening to your country. This one then if he should live. She right to my face at a very, very hard time and she has been my sins. Stuart hillary was questioned about that last night. Heres how she responded. Secretary clinton, on the night of the attack in benghazi, benghazi [inaudible] i feel sympathy for the families of the four brave americans that we lasted benghazi. And i cant imagine the grief she has for losing her son. But she is wrong. Shes absolutely wrong. Stuart the benghazi bonds that hillary lied. Hillary said the benghazi mom was wrong. I have no question. Why would they make this out. I cant think of it. Is she doing it for political gain. There is no such thing. It is sick and disgusting. Shes not is wrong yet she is accusing her of exploiting this dad of her own child just for what . Just to be mean . Stuart well, the benghazi mom said when hillary saw her over the casket, hillary said it was the video. Thats all of us, too. By which another said that to her. Second of all, by which you make this up . Im very interested to have someone post a meme summaries and why this woman wouldve just made to suffer the heck the heck of it. Ashley i will say the person asking the questions last night asked that question because you could hear the boos saying how dare you even mention it. Stuart they booed at because he brought it up. And they cheered wildly later on when hillary said no im not going to be indicted. It was a hillary crowd. Only after the republican side of the election process to donald trump on hannity last night talking about the establishment. The republican establishment. Roll tape. These are people taking advantage of our country. Beta one has drawn borders, but that stuff flowing across the borders. They treated unfairly because they benefit from that. Politicians will do what is right for the people that gave them the money. Stuart he is running up against the establishment. Loggerheads right there. The party split. It is split in the split is even split. We have crews and kasich and rubio. You think if they really wanted weve got antitrump that they would unite against them. It is very catty and its very childish and i dont understand what is happening. It is an embarrassment to everybody involved. Ashley i also think its a huge insult to all the people who turned out to vote for donald trump. Basically the establishment of saying you dont know better. You are trying to get someone who selected as a terrible representative of the Republican Party. We will do our best in science class. Im one of those supporters. He doesnt represent us. Now they are saying from the establishment doesnt like somebody, they will risk losing an election over that. Ashley is backfiring on the establishment. Mitt romney of all people who repeatedly las animas is how we should run a campaign. Whether you support trump or not, why would she do that . Stuart mitt romney made a mistake. Ive not seen him on the air for a couple days. Hes retreated to the background. Jeb bush met with rubio yesterday. Jeb bush meets today. I guess he is trying to organize a oneonone crews versus trump. At least he has the class to drop out. Stuart how about this to change the subject entirely. Mcdonalds all Day Breakfast is a winner. Now it may be expanding. Lauren simonetti, if we missed it, what is that . Mcdonald says serving breakfast all day long. Last year it started offering some other long, but customers usually had to pick me up there make or biscuits. Now you cannot vote. That is a big deal for the kitchen to handle it. Mcdonalds might make changes nationwide. This out right near an alltime high of all Day Breakfast at the Day Breakfast is a hit with investors since october when they started it. Stocks up 18. The first day of Nfl Free Agency turning into his ending spree in the biggest deal. Brock oz violated the 25 road except in a fouryear deal with the Houston Texans were 72 million. The player has started just seven games in his entire nfl career. Jaime king, the brewer is retiring its icon. The most interesting men in the world by sending the actor to mars in the final ad and said to debut in 2007, the sales have tripled. Do not worry, they will replace the 77 of the someone younger. Ashley ageism. Stuart whereof i been . Ive not seen it. Is really popular for a decade now. Great oneliners. Stuart how old is it . 77. Im sick of seeing him around. Im done. I am done. Stuart i have a suggestion. Why does. Why doesnt the psyche is make donald trump maybe not. He is the most interesting man. The Dow Jones Industrial average opens about 90 points i 90 points higher when they get this up and running. Not a bad rally. We were up 160 at one point. Now we are up 80, 90 points. The republican establishment wont rally ahead at the moment. Republicans do not have a chance to win the election. We will have more Varney Company and in all that. In a moment. In europe you gave money to the central bank will take even more money off of it. Ashley the european markets turned lower, too. Once the euphoria of the European Central bank realize now that the central bank is very nervous. In other words, conditions must be bad for them to take this step. An al qaeda seeping in. Stuart from japan, europe and america, give us control. They are out of control of policy. But will with policy. We believe you out of this one. To the election, yes please. I think donald trump is not the nominee, the gop loses. Lisa is with us now. High, stuart. Stuart the backdrop is a furious attempt to organize republicans into one single candidate to oppose donald trump. Their way of beating donald trump. I repeat, if donald trump is not the nominee, the republicans lose. What do you say . I would say they probably arent this point not going to be one candidate to take on donald trump. We know tuesday, march 15. The reality is that they win ohio and florida, it is likely his. Its going to be mathematically impossible. Stuart the central question to me is this. If donald trump is not the nominee, where did those voters go . Millions of people who voted for him, you dont think they are going to be really annoyed . I will not vote for a rubio or cruz or kasich. They will walk with you what to hillary because they dont want this. At a cost they will walk to hillary. Hold on. Regardless what happened, we have a very split party because we are talking about two thirds of voters that havent voted for donald trump. If he gets the 1200 or dissent and that he needs to win the nomination, i hope the party does support him because we are going to need a united Republican Debate. Stuart the writing is on the ball. Its not because its two thirds Republican Voters have not supported them. We have a process set in place for a reason. We need to let Republican Voters speak and he does get the 1237 vote if he does win ohio. If they get the 1237 that i hope republicans rally behind him. I agree with you. I 100 of the valley behind the music is the 1237. If not, if he does not win ohio, which he may not looking at the latest fox news poll and qquebec that is still to be seen because between right now and march 15th, that is a lifetime in politics. A lot can happen between now and then. If they go to a contested convention scenario, that is very complicated scenario. Stuart ive got it. Youre really ignoring the truth here. The establishment of the Republican Party is really screwing up the party. You are dividing this Party Something awful. You are insulting donald trump voters. First of all,does not support donald trump, it doesnt make them part of the establishment. I am not part of the establishment. Im not working for anyone in the establishment. I am not working for anyone in leadership or anything like that. I dont appreciate you calling me the establishment. That being said and what a lot of people are doing i am going to give you a straight answer. A lot of people at the point stuart im sorry, im really frustrated because they see this split in the Republican Party handed the election to a hillary or bernie. I dont think America Needs back. I think we should let Republican Voters decide. Stuart come on. The writing is on the wall. We should also not ignore what Republican Voters are saying. We should allow Republican Voters to decide who their nominee is. Thats why we have a process to let it play out in support whoever wins the majority vote. Stuart tell mitt romney to lay off. You lost the last one. I said i dont think that was right. It is selfserving and i dont think it added in a benefit to the divide we see right now. I never supported him. Stuart i didnt mean to imply that you did. Are we good . Stuart we are good. You are going to come back. I just know youll come back. I know, i know. Stuart rubio says he regrets getting into the mudslinging match with donald trump. I think it hurt his campaign. I would do it differently. I really would. My kids were embarrassed by it. My kids did my wife didnt like it. It doesnt reflect who i am. At ally bank, no branches equals great rates. Its a fact. Kind of like grandkids equals free tech support. Oh, look at you, so great to see you none of this works. Come on in. When a moment turns romantic why pause to take a pill . 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The reports because there is one from cnn, cbs and one from fox business suggesting theyve had discussions with people on your team about dropping out before florida and possibly that is 100 categorically false. Ive never discussed dropping out with anyone on my team for planet earth or anyone on any planet. I am not dropping out of this race. Stuart i say maybe he should drop out now to save his political career before he gets beat in his own state. Absolutely. I completely agree with that. The fact he is still at this as an embarrassment. Hes embarrassing himself. He is so far behind. Losing florida would be horrible. That would be humiliating. In the senate, right . People will say they dont like him, florida doesnt like him, why is the politically involved in florida at all. Get out while you still have some dignity. Stuart last night he was asked if he regrets getting down and dirty in the mud with donald trump. Here was his response. Youve got a little dirty on the campaign. First of all, that is not who i yam. Let me say something. I would do it differently. I really like. My kids were embarrassed by it. My wife didnt like it. I dont think reflects the era that is not who i am. You regret that . I would do it differently. I would. I dont think it reflects good. What an eloquent statement. The reason he regrets it is because it didnt work. He proved how desperate he was. I didnt mind it. It was funny to me. Not a rubio supporter. Was that humiliating. Dont get down on wrestling in the mud with donald trump. Stuart thanks, everybody. The europeans can do about them, going further into Interest Rate printing more money as well. Moving our market up just a little. We will bring you the opening bell next. 30 minutes ago, i went on the air, the top of this show and i said, oh, thank you, those wonderful europeans are giving us in america a gift, why . Because the europeans are going further into what we call negative Interest Rates territory. If you give the European Central bank money and deposit money with them, they give you a lot less back, dont get your money back and that may be the worst today and printing up a storm over there and even more than they were printing last week, that was supposed to lift our market. A couple of hours ago, it did, we were going to be up 160 the opening bell, but not now. The opening bell has stopped ringing and trading beginning at 9 30 precisely and were going to go up only 30, 40, 50 points, thats it. Not the 100 point gain that we were expecting. We shall discuss. Joining us today, Scott Shellady in chicago. Dr barton in new york and Elizabeth Macdonald and ashley webster, weve got them all on the show today. Shellady, got to go to you first. Central banks, negative Interest Rates, it looks like theyve totally lost it, and you say . Boy, youre 100 correct. Like you said earlier at the top of the show, i was watching as well. As draghi delivered and overdelivered. By overdelivering to the markets hes given them more to worry about, hey, maybe its worse than we think and negative Interest Rates are a drastic, throw in the towel maneuver, to do more than he expected. Now the market is slowly, but surely waking up to my political party, not a democrat, republican, common sense, what he did today, hes afraid of what happened and he is taking the drastic measure. Stuart youre nodding your head, ashley. Ashley oh, my god, it must be bad, nervous about the state of the eus economy that theyre taking these extraordinary steps liz youve got to talk about in your european crisis. If we raised Interest Rates here cutting them to the bone and beyond, we have a rapidly rising dollar and a real problem. So, i see their negative rates go ahead, speak again, scott. Yeah, its synthetic interest rise here, the fed doesnt have to do anything. And the rest of the world is go to do it for them and our dollar is going to get stronger and worse for the Foreign Companies and by default, its an Interest Rate hike. Stuart i understand, and thats good, scott. Go ahead. Here ar

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