Transcripts For FBC Varney Company 20160509 : vimarsana.com

FBC Varney Company May 9, 2016

Two, he tackles the debt by buying back Treasury Bonds if and when their price goes down. Three, he wouldnt touch scattered showers, but he would go after waste, fraud and abuse. Trump and the Republican Party. How far apart are they . A stunning revelation from the president s top Foreign Policy spin doctor, ben rhodes, he deliberately misled on the iran deal. That its run by moderates. And the if you have to use the bathroom of your gender birth, its a civil rights violation and you lose billions. North carolina responds later today. Tale of two stocks, apple doldrums and mcdonald hits new highs. Who would have thought. Who would have thought this video would promote intense discussion. We will bring you that babys mom. She will give us the full story, varney company, yeah, were about to begin. All right. Monday morning, well start this morning just a tad higher. It looks to me like its pretty flat. 177 and thats where well open from and were 5, 600 points from the record close and thats somewhere in the distance, perhaps. 600 points away. Look at oil. Weve got two stories there, saudi arabia, the oil minister out and the new guy is probably not going to cut production or freeze production so that keeps a lot of oil on the market and of course, theres still a glut. Canadas wildfire, thats taking oil off the market. All right, ashley, lets get some developments here. Start with canada, the latest. Ashley well, the good news is cooler weather, rain yesterday, cooler temperatures today, they can start to get a handle on it, 400,000 acres burned, but the other good news, it didnt get close enough to affect the major oilsands facilities. They were closed or partially shut down in anticipation of the fire, but the fire never reached those oilsands operations which is good news because once they get a handle on this, they can start ramping up production dagain. Stuart if you couple that with saudi arabia, theyre not going to cut no, hes taking over as oil minister and all of these are controlled by the gentleman. Ashley his son. Ashley they dont want iran to get more market share. The new oil minister is essential will i a puppet. S not hes not going to operate independent. And theyre trying to diversify away from oil only. Stuart prices are down in part because of two developments. Ashley yes. Stuart politics, bread and butter. Over the weekend, donald trump confused a lot of people. You know, it sounded like he wanted to raise taxes on the wealthy, listen to this. When im negotiating with the government, im putting in my plan, its negotiated, theyre not going to say lets see what we can do. It will be a negotiation, i will try and keep everything. Stuart all right, on nbc, he implied the negotiations he was talking about there would in fact raise taxes on the wealthy, thats what he implied. Now, here is what he said on marias show. Im not talking about a tax increase, im talking about a tremendous tax decrease, it was misreported by nbc. I said of the low proposal. Yeah, i may have to raise it a little bit because this is a negotiation, i may have to raise it, im really going to fight hard for the middle class, im not raising it and not raising it on business, but i could see the wealthy im not talking a raise from where they are now, im talking about a raise from my low proposal. Stuart that clarifies it. Less of a tax cut, raise the minimum wage if thats what states want. No Social Security reform and buy back the debt if its price goes down. Have you got that . Robert jeffries is here, a trump supporter. It seems to me that trump is moving to the left. I dont want to say the left, but more towards the center maybe to accommodate the Republican Party. What do you think . Its called the art of the deal. Its negotiation and its fine up to a point. Look, if republicans have wanted a strict idea log, they would have chosen ted cruz. They want someone who gets things done. The trick for trump Going Forward to figure out whats negotiable and nonnegotiable. Trump is a smart guy, hell figure it out. Stuart he better fot back away too far from tax curts to get growth cuts to get growth. Where does that leave republicans . He was clearing, talking about increasing from his original proposal, not from current levels right now. And look, stuart, theres a number Everybody Needs to remember, the number is 12 million. Thats how many votes he will have received by the time the primaries are over next month, more than any other candidate in republican history. I think its laughable that paul ryan is withholding support thinking hes going to make trump fall in line with him. Trump is the head of the Republican Party, not paul ryan. Stuart what about no scattered showers reform . Thats an Entitlement Program thats breaking the bank and wage the minimum wage. If thats what the states want, raising minimum wage. Hes backtracking on so many principles being in the Republican Party. I think hes saying hes open to negotiation and look, you cannot deny, stuart, that he has won an overwhelming victory. People know what his position is. They like his position and again, i think he will fall in the right position by the time all of this is over. Hes just saying im opening to negotiating. People are tired of the gridlock, stuart, they want something done. Stuart i think they want clarity and maria got some earlier on this network. Ive got to run. Im going to stay on trump for a moment ands trying to explain his position on women and going on the attack and painting the clintons, both of them, as very bad for women, listen to this. She was an unbelievably, nasty, mean enabler and what she did to a lot of those women is disgraceful. Nobody in this country and maybe in the history of the country politically, was worse than bill clinton with women. Have you ever read what Hillary Clinton did to the women that bill clinton had affairs with . And theyre going after me with women . Give me a break, folks. Stuart okay. Kirsten is with us now. He goes on the attack with the womens issue, if you put it like that, he attacks his opponent a female on the womens issue. Is it going to work . Its a great charm offensive. Stuart does it work . No, i think, no. The majority of republican women do not like donald trump although there are some that do. This is going to be a major problem for him in the general election and even though i do tend to agree with what hes saying in principle about the fact that hillary did not stand up for many so of the women that bill clinton didnt treat well at all. Consider the source, donald trump bragged about his affairs and bragged about multiple divorces, hes talked about their body parts, their appearances in revolting ways. You cant take those statements back and thats going to resonate in the mind of women and i think we all love to see hillary be a little more transparent about those struggles, but ultimately, donald trump this is not the way to go. Ashley i dont think its going to win female votes based on that rhetoric, no. Stuart hes got a point. Ashley and i agree with him with his characterization of Hillary Clinton, but i dont think based on what he said before its going to have impact on gaining more voters. Stuart last word. And millennial women, he needs to bring them in. Thats me. A lot of us werent necessarily around and thinking and walking when the president clinton thing and monica lewinsky, im a student of history. I think that donald trump will refresh your memory. I dont want to hear about it. Stuart two names going in the opposite direction. I hate charts, but mcdonalds going to a straight alltime high. The other one is apple bumbling along at 30 thats a twoyear low. Ashley more people buying all Day Breakfast than an iphone. Thats what it says, its down 12 in 2016. Last week fell as low as 11. Ashley june 2014 was the last time its this low. It was once considered the darling. The sales are slowing, First Time Since 2003. On the other hand, mcdonalds 16 record highs, i guarantee do you think we would have been saying this a year ago . No, no, mcdonalds the best performing stock on the dow every the last 12 ponts. Stuart all Day Breakfast. I know. Stuart garlic fries. Another one. We are going to end the block on a positive note. A ticket sold in the 429 Million Dollar lottery. Where is the Winning Ticket . In trenton, new jersey. They took the cash option so theyll get 284 million before taxes. Stuart take a big deep breath. 429. Ashley they get 284 and pay tax on that because thats the cash option. Stuart no, isnt that after taxes. Ashley no, i dont think so. I think theres more taxes on top of that. Because i thought that, too. Stuart i will look into it. Ashley i cannot believe that you get a payment saying are saying thats after tax, right . 284 . I think its an option you take because you want it all in one go as opposed to yearly taxes. Stuart the worst i think you do take it spread over 20 years and then you die because then the irs says, the tax is due and payable now, on everything. Ashley oh. Stuart which youve got yet received. Youre bankrupt. All right. Moving on, look at this, were showing you some extraordinary video right now of a massive tornado, this is in colorado. It was shot by our own fox news meteorologist maria molina. She and her husband right in the middle of a storm when this twister came through. And its gone through much of that section of the company. Our own maria molina out of the front seat of a car that was shot. How about that . And then we have this, president obamas senior spin doctor admitting that he misled the American Public about the iran deal. Ralph peters, very upset. 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 . Senior Foreign Policy spin doctor admits he misled reporters on the iran nuke negotiations. Here is the key quote from the New York Times. The average reporter we talked to is 27 and their only reporting experience is being around campaigns. Its a sea change, they literally know nothing. Hes saying this, there was no shortage of good reporting and analysis, a review of that press from that period will find plenty of tough journal and scrutiny. But he still misled them. Joining us is ralph peters. He said that iran was run by them National Security advisor for strateg strategic. As a propagandist, hes been very good, josef stalin could have used this guy. Really, if you look at what he said,s not only insulted the journalists, trashed them. Insulted the military, virtually everyone and been rhodes was gleeful, gleeful in this brilliantly done article about now the he put one over on the American People through manipulating journalists for this method and theyre only negotiating now with the iranians because suddenly there were moderates in place when theyd been negotiating with the heartlineheartline ers hard liners, and then benloa benloads he says if you dont like this im sorry, am i right in saying ben rhodes is the man the president listened to and the president did not listen to defense settings telling him Something Else entirely about the iran deal. He listened to ben rhodes and didnt listen to the generals, is that accurate . It is in the sense that several people interviewed for the article say theres a mind meld between rhodes and obama. Let not forget Valerie Jarretts rhodes. Its rich that hes making fun of inexperienced journalists, and he has no Foreign Policy experience, never worked for an ngo. Didnt study Foreign Policy. Hes just a word smith. Stuart but the iran deal is success . It seems to me to be a disaster and is falling apart. Does ben rhodes think its a success . Thats all that matters, he sold the product. And when the terrific journalist, David Samuels who wrote the piece in the New York Times magazine, he raised this with rhodes, what about the 450,000 dead in syria and rhodes goes into this rhetorical speech, what about the death in congo. And then the obama position on everything, we cant do everything therefore we shouldnt do anything. People need to read this because so many people came out of the woodwork to lay it on the line, theyre so disgusted with obama and the most telling line about sources about obama, the world has disappointed obama. Stuart oh, okay. Well, a fitting end to our discussion, i think, ralph, and we thank you as always for being with us. Calm down, okay . Calm down, and i will, too. All right, everybody, moving on. New york city, the mayor thereof, bill deblasio, he blames racism for puerto ricos money problems. He says weve turned our back on puerto rico because they are people are color. Well deal with that in a moment. And later, its decision day on the bathroom law. Judge napolitano will be here. 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. You stay up. You listen. You laugh. You worry. You do whatever it takes to take care of your family. And when its time to plan for your familys future, were here for you. Were legalzoom, and for over 10 years weve helped families just like yours with wills and living trusts. So when youre ready, start with us. Doing the right thing has never been easier. Legalzoom. Legal help is here. You premium like clockwork. Month after month. Year after year. Then one night, you hydroplane into a ditch. Yeah. Surprise. 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It sounds to me like he wants a bailout from the federal government . It does. You have to consider the audience hes speaking to, and he used the heightened rhetoric. This is so complicated not only financially, but puerto rico is not a company and apply for the bailout fund. It does a disservice to the puerto rican people and the issues. I dont think it has anything to do with racism. They spent into a financial disaster. Ashley they could be green or purple, they blew their finances. As have people all over the world. Stuart theyre 72 billion in debt. They want the american mainland taxpayer to forgive it and bail them out. To make it seem like there are Congress People and Speaker Paul Ryan that are not working every day to try to figure this issue out is appalling. Ashley its for deblasio to say this it stirs things up. Stuart were going to be down about 20 when the bell rings in four and a half minutes. Look at this, a cruise ship offering to buy local Vietnamese Company on fire as it return to port. Passengers from europe and asia forced to jump out of the ship as its engulfed by a huge fire. Officials think it started in the kitchen and quickly spread throughout because the boat has a wooden frame. Ashley oh, no. Stuart watch this video. Oh, no. Stuart back in a moment. 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. Millions of others. As a Health Services and Innovation Company optum powers modern healthcare by connecting every part of it. So while the world keeps searching for healthier were here to make healthier happen. You know you are beating cnbc in the morning on the demo. Stuart thats pretty good. I know. They must be fired people at cnbc. Varney is winning here stuart thank you, bill. Myself and bill oreilly. 9 30 monday morning. The opening bell, trading has just begun. Weve got a tiny little gain, up five points. Going nowhere monday morning. Bigname stocks that are going in different directions. Mcdonalds near the alltime high of 130. Apple still close to a twoyear low at 92. There is a story for you. Joining us from ashley webster, listening donald, scott shelby and fitzgerald. Do you first. Its an interesting story. As investor, would he make it . Apple goes straight down and mcdonalds goes straight up. You know, stuart, theres an amazing history for investors. Absolutely the right thing at the wrong time. They should be buying the cheap stuff. To me this is the story of apple is on sale. If youre a longterminvestor is a problem with pricing in either area. Stuart they ran out of the garlic fries in san francisco. Thats good for the stock. Dream for great for the stock. They ran on a bit for the next few weeks. It got so bad that local media called the stories and people said yes, we are out of garlic fries. Heres the thing. At the third over the last 12 months. Garlic fries is the right move at the right time. So you know, 250 ch

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