Transcripts For FBC Varney Company 20160404 : vimarsana.com

FBC Varney Company April 4, 2016

Documents late. Repercussions have started and we are on it. Investment advice from donald trump. He says stay away from dogs and a very massive recession is on the way. Stops will be up again, but remember that dallas on a roll. Its approaching an alltime record high. It is a cascade of news. The wisconsin primary, cruised in vendors narrowly beat tomorrow. They may be perhaps a of iranian weapons and up pops donald trump again. He says the Hedge Fund Guys who pay taxes. It is monday. The news bursting out all over. Varney company is about to begin. That massive document leak. Now being called the Panama Papers. They moved with lightning speed and social media. Numerous World Leaders and their families embarrassed by revelations about the money they keep off shoring tax havens. They didnt want you to know, but its up there now. What a shakeout. Judge napolitano is here. Without going to the legality of this, i see this as the biggest challenge to the trillion dollars offshore tax haven industry from the Swiss Bank Secrecy laws were changed. I think youre probably right, stuart. The ability to use offshore tax havens to shelter income from taxes is lawful. Its awful because the United States the congress has decided its lawful. When people rant and rave against us, they are ranting and raving against people doing what the law allows. Oliver wendell holmes, Great Supreme Court judge says no one should pay a nickel more in taxes than they owe and in america, we decided the irs can challenge us, but we decide what we have. Having said that, some of these people have themselves been ranting and raving against bavaria dvd that day in their family members have apparently not been exposed having done. Stuart in particular, chinas leader thats a very serious situation. People are executed in china for acts of corruption, not nearly as serious as this. Stuart the Prime Minister of iceland may have to step down this week because of revelation in the Panama Papers about him keeping money and not sure account in the middle of the crash. Correct. Ive parliamentary procedure as a snap vote this afternoon of no confidence with no notice whatsoever. Stuart you see judge, a the parliamentary democracy because of a constitution. I have yet to see an american name, a prominent american name in these documents. Ive not gone to 11 million of them is a mac i think of a prominent american name is ever wouldve known it by now. The same people to recognize Vladimir Putin and David Cameron and the president of china. Stuart but they sum up the legality. You can have an offshore tax haven account so long as he reported to the irs and report any income that flows into that account. Yes. If you use the offshore account consistent with american law and irs regulations, you are fine. If you use the offshore account to avoid taxes, youre fine. If you see him sure account to evade taxes, engaged in criminal activity. Stuart you will be back in the 11 00 hour to discuss the light filler clip and allegedly told chuck todd yesterday. I meet the press yesterday. There are many. Stuart thank you on the judge. We appreciate it. Roughly 200 points are in the dow about 200 points from 18,000. Roughly 500 points in a alltime high. That is how we start trading this morning. Pretty much flat but close to record territory. Theres some news for you. Thirtysix dollars a barrel. The Iran Oil Minister or reject and saudi arabias call for a curb on production. Its a standoff between the two are neither will cut within a production. The supply glut goes on, oil down to 36 a barrel. Tesla going to go up again today. Its received 10 billion worth of orders, prefor the model three. That took two days to get there. 276,000 model threes preordered. I want to get into this one. Investment advice from donald trump. Im all ears. His morning of a massive no, a very, very massive recession. He said this in an interview with the washing and post. Im talking about it double where you go to be very massive recession. Joining us now, steven ginsberg, Washington Post senior politics editor. Did trump explain any of his predictions in the interview . He went into some detail about it, but it was much more of a prediction and explanation. As you just reported the stock market was at an alltime high and is going the other way saying its terrible time to invest. Stuart did you guys think it was an offthecuff remark . No. He was quite serious about it. He said some things about a bubble before. This was going much further than not. This close to being a party nominee. And to advise americans not to invest in the stock market. I dont get something off the cuff. The something he believes. Stuart the Washington Post is no friend of donald trump, who wanted your Editorial Department make of the interview . Thats a good question. I havent talked to them about it. They have their own interview a week ago now where he said some pretty revealing things about one as well. Or the political editor. Do you think that remark will massive recession and steer clear of stock because the market is overvalued. Do you think thats an extreme position . Is very unusual. In his position to make that kind of remark. Hes making it against what most mainstream economists believe most people believe the economy is doing pretty well. Nothing amazing but the stock market is going well. He sees all different kind of economy. A particularly gloomy view of it. Stuart he is not the odd guy out, but hes the guy who pushes for the headline, pushes for the dramatic statement in doing so often reveals a glimmer of truth. Would you agree with that . In some cases, yes. Hes obviously willing to say a lot of things other people are going to say. And that you find a lot of truth. Our interview with him was 96 minute long and is tangential at almost every point. And most around quite a lot. If you read through the whole thing you see a lot of truth in there. Stuart i know youre heavily involved in politics if this is a Financial Program. The thank you and dave for giving us a financial headline. Steven ginsberg, Washington Post. Come again soon. We appreciate you being here. Hold on. More on trump. He is admitting that reset to an unflattering photo of heidi cruz was a mistake and he would not do it again even if given the opportunity. Listen to this. Any evidence that he knew about the attack by the super pac. The evidence to settle common sense. He knew those people. They were 100 for them. They coordinated together. I have no doubt about it. He did that attack. Even if he did, was it worth it . I would say probably not if i had it to do again i wouldve sent it. I didnt think it was particularly bad, but i when i sent it. This was a response. Stuart wisconsin votes tomorrow and according to real clear politics, ted cruz hold a sixpoint lead over term. This is an average of all polls. Kirsten haglund is with us. I cant remember donald trump apologizing in no way are retreating in any way before. No, he hasnt. He has come back with a similar defense he just gave saying i would never done it. It wasnt necessarily an apology. He wasnt apologizing to heidi cruz or mend relationships with women disturbed because of that and he didnt think it was particularly bad. Stuart did you . Yes, of course. We shouldnt be compared wise. Its gross. Its not classy in any way, shape or form. Not what we want the president doing. Is he going to actually want these statements back . He says i dont think it was particularly bad. Come on, donald. Stuart Donald Trumps wife will join him on the campaign trail in wisconsin today. Sounds like a deliberate move to maybe put yourself back in the good graces of women voters. Absolutely. Definitely an apology to her. His poll numbers among women are dropping. Wisconsin will be a result of that. I would love to see ipad cow. I really respect her. She has an incredible business, is a family woman. He needs those women surrounded him on the campaign trail. Stuart do you think it would work, taken as wife out there making statements . Do you think a work set out to get them back in the good graces of women . Reading between the lines you dont and its going to work. I dont know. I dont think the longterm because hes facing hillary in the general election. He said so many things that have made women he standoffish. If he gets more women it will help a little bit. In the long run it will solve the problem. Stuart youve been remarkably quiet. Just hold on, ladies. More for you in just a moment. I am told this is a big story. The baseball season. It has begun again. Kansas city royals and the mets. Listen to this. The tickets to see back in with the most expensive for an opening day in history. The median price on the secondary market for scalpers. 252 per ticket. That is the median price. That concludes our baseball coverage for this hour. Next come the video from outside a trump rather wisconsin. Antitrust protesters trampling on the american plane. 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. Spending the day with my niece. That make me smile. I dont use super poligrip for hold, because my dentures fit well. Before those little pieces would get in between my dentures and my gum and it was uncomfortable. Even well fitting dentures let in food particles. Just a few dabs of super poligrip free is clinically proven to seal out more food particles so youre more comfortable and confident while you eat. So its not about keeping my dentures in, its about keeping the food particles out. Try super poligrip free. These little guys . They represent blood cells. And if you have afib an irregular heartbeat that may put you at five times greater risk of stroke they can pool together in the heart, forming a clot that can break free, and travel upstream to the brain where it can block blood flow and cause a stroke. But if you have afib thats not caused by a heart valve problem, pradaxa can help stop clots from forming. Pradaxa was even proven superior to warfarin at reducing the risk of stroke, in a Clinical Trial without the need for regular blood tests. And, in the rare event of an emergency, pradaxa is the only oral blood thinner other than warfarin with a specific reversal treatment to help your body clot normally again. Pradaxa is not for people who have had a heart valve replacement. Dont stop taking pradaxa without talking to your doctor. Stopping increases your risk of stroke or blood clots. Ask your doctor if you need to stop pradaxa before any planned medical or dental procedure. Pradaxa can cause serious, and sometimes, fatal bleeding. Dont take pradaxa if you have abnormal bleeding. And seek immediate medical care for unexpected signs of bleeding, like unusual bruising. Pradaxa may increase your bleeding risk if youre 75 or older, have kidney problems, stomach ulcers, a bleeding condition, or take certain medicines. Side effects with pradaxa can include indigestion, stomach pain, upset or burning. Dont just go with the flow. Go with pradaxa, the only blood thinner that lowers your risk of stroke better than warfarin and has a specific reversal treatment. Talk to your doctor about pradaxa today. Stuart we bring you this video from outside a trump rally in west allis, wisconsin. You can see what theyre doing. A group of leftist protesters trampling on, standing on, abusing the American Flag. Republican from new york. I say that was deliberately provocative. I think it was designed to provoke violence at a trump rally so that the left could say i see what happens at a trump rally. Followed by the people. I think thats whats going on. I would say it doesnt get too much more provocative than that as far as trying to incite a reaction because i am sure the rally was filled with people going into it who would be a reach for that activity. Im someone who served on active duty. I still serve in the army reserves. Ive met triple amputees who have lost limbs in order protect our freedoms and liberties fighting for that flag. I have met families, parents, brothers, sisters, sons and daughters who lost their loved one in combat. This outrageous and definitely provocative. Stuart i think it will bounce back in favor of trout. You are not necessarily trump supporter. An activity like that when the world will see that kind of thing on camera, i suspect that encourages support for trump if anything. Absolutely. Im sure it only fires up all the people at the rally or watching the video at home. I have been endorsed anybody for president , but the fact is whoever our nominee is against Hillary Clinton, we have to do everything we can to make sure the person gets elected for people all around the country looking for a reason to come vote this november. This is what were up against. The contrast between republicrepublic ans and democrats, the right and the left. We go overseas, fight for freedoms and liberties. Republicans and democrats in our military. The fact is those getting active in the american process. You dont see conservatives stomping on American Flag. Stuart are you comfortable with the current state of play of the Republican Party because it is obviously split daytime. Youve got to be uncomfortable with that. Well, i feel like were getting close to the end of the process in the primaries over here at the end of june. There might be a lot more clarity as to who the nominee is before then. Its not going to go further than the convention in july. This is a process that started well over her year ago. Knowing the fact we are closer to clarity on that way with the nominee is, im not as turned anymore. Stuart it really is a very open debate within the Republican Party. Theres something good about that. Asked in a very thorough vetting of the show that started at a dozen and a half candidate. So many different debates. Candidates spend their entire day in public answering questions from the geologic media interviews, answering tough questions that may not be covered. Every single thing a candidate says on every sensitive issue and what gets the most attention might be some need slightly offtopic on substance. The fact is all three of the remaining republican candidates spend their entire day talking about substantive solution should of America Forward a few treasured a contested convention of ultra loses tomorrow. Congressman leaves all that, thanks much indeed, sir. You can say with trump heavy on the show, a very early going this morning. Another example of what we call a trump shooting this time on the college campus. Trump supporter is afraid to show that they are for trump. Their views suppressed. Deal with that mess. First, the dow industrial average, will happen this week, next week, today . More varney after this. 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 . Show show me more like this. S. Show me previously watched. Whats recommended for me. X1 makes it easy to find what blows you away. Call or go online and switch to x1. Only with xfinity. Show show me more like this. S. Show me previously watched. Whats recommended for me. X1 makes it easy to find what blows you away. Call or go online and switch to x1. Only with xfinity. Stuart okay, donald trump. Lets see now, going back to him. Another example a trump shame it takes place on a college campus. We are talking and are talking nyu. Students are afraid to express their opinion, afraid to say we support donald trump. One student was accosted because he supports trump. Cal state university, a mural shows the American Flag upside down. A border issue with things. That is protected. That is free speech. Kirsten haglund, it appears to me appears to be the left has free speech, but the right does not have free speech. What the definition of tolerance. It seems tolerance is supposed to be where we cannot opposing views to respect one another and allow the person to have free speech. It seems like more liberal values while tolerating opinion except the ones that disagree with us. This nearly as free speech and even if it is something we hear think its despicable, industries beach. You counter speech you dont like with more speech. You cannot have more speech on college campuses. That is being shaped at the young age. Stuart one in five of the faculty members of the social Science Department are a marxist, itself or fast marxists. Not really left of center. No, a marxist. Granted, the survey was taken 10 years ago. I have no reason to believe it is changed. I think its probably got worse. Operably. Only 3 of professors are conservative. I was a poly side major. I found the one conservative professor. He was my advisor, incredible, but he didnt wear it on a slave. He always based his argument and reason, not emotion. More conservatives should get involved in academia. It would be like ninja conservatives so they can influence kids. Stuart list is going to speak. Liz students wanted new blasphemy law. They have a right to not be offended. Thats what theyre teaching. Stuart saved it until late that it was good. But markets on a roll. Maybe we had 18,000 on the dow. We are not that far away. Highspeed police chase. You are looking at nature wildlife. On the run in San Francisco running across the bay bridge, shutting down traffic, by the way. Police try to catch up with it. Try to bring it to safety. Took five tries before eventually they got it. Stuart god bless america. Stuart it ended happily, by the way. We covered everything. I defy you to say otherwise. The pursuit of healthier. It begins from the second were born. Because, healthier doesnt happen all by itself. It needs to be earned every day. Using wellness to keep away illness. Millions of others. 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