Transcripts For FBC Varney Company 20160517 : vimarsana.com

FBC Varney Company May 17, 2016

Full report says na youll be shocked, the way they treated our troops. Lets see how the markets responded to, a, a collapsing venezuela, b, oil cuts in nigh gather yeah and a new fire breakout near canadas oil patch. Yes, we cover it all. Varney company about to begin. And where is the market going to open this morning . Probably pretty much flat or lower. Remember, we were up 175 points yesterday. Now, the situation is getting worse in venezuela. To be facetious, its a socialist country and theyre running out of other peoples money and its a political and a humanitarian country. They have a deal with china to trade oil for loans. Look at oil around 47 a barrel, close to 48. It hit 48 yesterday for the First Time Since november. Theres a back drop to the oil story. Nigerias Production Cut by 40 . A tax on Oil Facilities to blame. In canada, that wildfire turned back towards oil drilling facilities and thats another anxiety for oil supply and then theres venezuela, thats a huge oil producer. The country is collapsing. Ash webster, whats this china swap. Ashley china is smart, understanding that venezuela is in freefall right now. Inflation at 180 , state of emergencies being declared by the government. In fact, the government has now been taking over businesses and taking over the distribution of basic goods and services, which is disturbing because private sector businesses will now be taken over by the government, at least theyll have the opportunity to do that. And bottom line, venezuela, the one that relies most on oil revenue. China coming in and saying, well buy your oil at a discount in order to help your economy get back on track. Stuart so theyre helping them as opposed to venezuela coming out to theyre in freefall liz this is going on and its a public humanitarian health crisis. Infant mortality has doubled and theyre going to hand held devices to help them. Where is Michael Moore and sean penn in this. Stuart where is their money . Theyre the supporters of the socialist venezuela. Ashley when oil prices were high, instead of saving its money, they use it for government spending. Stuart this is a gross failure of a dictatorship liz 90 taxes. Stuart and other stuff, too to the corporate front. Home depot, weve been covering the retail ice age, but theyre bucking the trend. Theyre a different retailer. Ashley they are tied to a whole different sector out there of consumer. Sales up 6 1 2 , remarkably good and upping guidance for 2016. The Housing Market has shown signs of recovery, that means more people are doing home improvements, to do up the house either to stay there or move on and sell it and because of that, the numbers are very, very good. And better than expected. Stuart look at that, the stock will open down about a buck. I mean, what more yeah, probably. Lowes reports tomorrow. Stuart theres another retailer bucking this trend and thats childrens place. Theyre not as big as macys or kohls, but theyre a winner. The stock is a winner and the companys performance is a winner liz this is rallying. Look at the action there. Yes, this is a niche place. Its childrens clothes, who would have thought that the sales were up nearly 4 year over year and raising their full year outlook as they close stores. Smart management at play here. Stuart so a couple of them are bucking the trend. Got it. Lets get to that violence coming from democrat voters. How about that . The party split, causing scenes like what youre looking at right now. And this is las vegas saturday night, it got ugly. Bernie sanders supporters later after this, after this brouhaha in vegas, made Death Threats to the Nevada Democrat Party chair. How about that . Tamara holder is here. I dont want to put you on the spot, but can you imagine what the media would have been saying . If it was a republican. Stuart can you imagine . I can imagine. Stuart this is what trump people and making Death Threats against ted cruzs people, what do you think would happen . Theyve been thrown to have fights and brawls at donald trump rallies, lets not go there and compare. Stuart why not . Its violence. I would think there are violencen all sides that cause the headlines story. Wasnt there a former member of the military in arizona that knocked out an antitrump a trump support knocked out somebody else . It happens, you dont want to talk about that story, but that actually happened. I know you didnt read that people. Stuart excuse me and the republicans and trump was promptly labeled as creating violence. Thugs were the expression. How could you characterize the Bernie Sanders supporters making Death Threats . I think theyre thugs, i would agree with. Stuart thanks. I would agree, but thats not a representation of the entire party, what it does show, people on both sides are upset about the rules. What has the democrats made an issue of, the rules suddenly change so that Bernie Sanders couldnt get the delegates he thought he was going to get. Thats the issue. Why are you laughing at me . Because youre really defensive and you know why. Im always defensive. Thats my personality. Stuart you have have a candidate in Hillary Clinton and a socialist in Bernie Sanders. Im a defense attorney. Stuart and another divide among democrats, this one is unions versus greenies. In a fight go Climate Change, jobs ap and money. Some of the labor union, theres that man, an environmentalist, that hates anything to do with fossil fuels. And this between tom anded government, they think it threatens jobs. Ashley remarkable how times have changed. These are the hard hat unions, and they call its politically bankrupt and betrayal. Because the environmentalists are against infrastructure building such as new Gas Pipelines and so on, the kinds of projects that create a lot of jocks. And the kinds of policies that would threaten their ability to make things. As another example, so, as you say, its the Teachers Union and the government worker, the public sector, yeah, lets jump on board, but the traditional part of the unions, traditional left, the working class voter, its all changed and were seeing blue collar voters going to be trump. Democrats. Stuart Chris Collins is with us. And congressman, i think the first trump supporter in congress. It seems to us, congressman, that you have a golden opportunity to bring union guys into the trump category, if you like, and you represent an industrial area, i think, with lots of Union Members, correct . I do. Its good to be with you, stuart. Youre exactly right. You could say that western new york is ground zero for the Labor Movement. And we were devastated by nafta and why ive opposed the Transpacific Partnership and when im out and about at home, whether im at home depot, the grocery store, the post office, it is the blue collar, well call them labor democrats. The hard working men and women who lost their jobs and underemployed are coming up to me and thanking me with enthusiasm for supporting donald trump. My county, erie county, home to the city of buffalo, one of the poorest cities in the United States, im predicting a 21 democratic county and well be voting 21 for trump. This this is why so many states are in play. Michigan, ohio, pennsylvania. This Labor Movement has to be concerning for the democrats. They used to be able to count on these folks to go doortodoor and with the energy and not Hillary Clinton. Congress n ma congressman, you jumped on board at the best time. And ive got use of irans seizure of our sailors, a congressman from virginia say there are shocking details yesterday to be released about the kidnapping of ten sailors. Congressman, before you go, the Obama Administration is going to keep it quiet and not going to tell everybody what happened until after the election. Of course, stuart. We know that president obama is a failed leader, especially on the national scene, and as he has cozied up to the ayatollah and raul castro and turned his back on israel and Great Britain, its not surprising that this embarrassment, and when donald trump says america first, thats why thats resonating. Everyone knows that barack obama has not put america first. He is grasping at straws for anything he can to climb that hes got some kind of a Foreign Policy agenda. This embarrassment should outrage americans and lets call on obama to release these details that they absolutely are keeping away. Stuart we would like to see them. But dont expect to see them. Thank you, stuart, good to be with you. Stuart listen to this, Milwaukee Public Schools budgeting nearly a half Million Dollars for a black life matte matters, and they deny it. And Hillary Clinton turning on the accent and well ask the governor to react. And my accent judge napolitano calling the latest hillary saga huge. I opted for personal convenience to use my email account, which was allowed by the state department. What difference at this point does it make . This just got interesting. Why pause to take a pill . Or stop to find a bathroom . Cialis for daily use is approved to treat both erectile dysfunction and the urinary symptoms of bph, like needing to go frequently, day or night. Tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex do not take cialis if you take nitrates for chest pain, or adempas for pulmonary hypertension, as it may cause an unsafe drop in blood pressure. Do not drink alcohol in excess. Side effects may include headache, upset stomach, delayed backache or muscle ache. To avoid longterm injury, get medical help right away for an erection lasting more than four hours. If you have any sudden decrease or loss in hearing or vision, or any symptoms of an allergic reaction, stop taking cialis and get medical help right away. Ask your doctor about cialis and a 200 savings card 15 minutes to the opening bell, were down 30 points when were off and running at 9 30 eastern time. Quick check of apple, please, the best day since march yesterday, going to open around 94 today. Got to retail winner, tjx, parent of tj maxx and home goods. Theyll be up 3 when were off and running in 15 minutes. A quick detail. 9. 9 rise in sales. And why they say value conscious shoppers for the homes and accessories. And home goods tripled. Stuart and now this, hillarys email scandal. The group, judicial watch, wants Hillary Clinton to be deposed in a federal case. Judge napolitano is with us and i dont know why this should be considered a huge big deal. Tell me. Can you imagine if shes the democratic nominee for president and she has to sit down and questioned by two antagonistic lawyers, that would be a big deal. Six weeks ago, a judge appointed by her husband, started this for asking about mrs. Clintons emails before anybody knew about the existence of her private server. He told judicial watch, im going to let you depose the people that work for her, five senior aides, if you find any evidence of a conspiracy, his word, to subvert the storage and transparency laws, stated differently, freedom of information act, i want to know know about it and ill let you depose mrs. Clinton. Yesterday they filed an application and saying we have the evidence of conspiracy, let us depose mrs. Clinton and we want to do it in 12 weeks. Whats 12 weeks from today . The end of the summer. Stuart the judge on the case has not said, yes, go ahead and depose her. He said he will say yes if they show him the evidence that they have. They havent said publicly what it is. This couldnt possibly happen at a worse time from for her. If she is he a the nominee, if the fbi doesnt say or do something, the Justice Department say or do something that causes democrats not to nominate her. She will in all probability be forced off the campaign trail, probably for two days, to prepare for the deposition, for two days to take it and you will know, we will see excerpts of that deposition all over the place because it will be videotaped. Stuart this is separate from and outside of the fbis investigation. Precisely. Stuart this is another layer of problems. This is one of 39 lawsuits that have been filed against the state department seeking her emails. This is the first of those lawsuits, so this is civil litigation. This is independent and entirely separate, as youve said, from the fbi investigation. Stuart now, in the past, ive said theyre just going to sluff it off and say there was no malicious intent, it doesnt matter, thats a political response. Inappropriate and i understand, but thats their political response. Yes. Stuart but if she had to sit down for two days of grilling by antagonistic lawyers during the campaign in an environment in which the latitude of counsel to ask questions is very broad and wide. You can ask any question you want that is calculated to lead to relevant evidence. You can ask questions about credibility. You can really, really ask far broader questions than could be asked in a courtroom in front of a judge and a jury. Thats what shes going to be subjected to. Stuart unlike in the fbi investigation, will these lawyers, if they do a deposition, will they know the answers to the questions that theyre asking. I dont know the i dont know the answer to that. Stuart this really puts you in jeopardy. It does. Its discovery so this is not a cross examination environment. It isnt what did you do, what did you do . In an efforts to make her explain her role. Stuart i want you to make a judgment with the stuff piling up, is it possible that she could remain the democrat nominee for the Democrat Party in the election in november, with all if shes deposed. I think youd have to ask a democrat that. A person who has a better thumb on the pulse of the democratic party. Do they think that Hillary Clinton is their person or do serious, fairminded democrats recognize she has a very grave potential legal problem and a serious image problem with respect to honesty and integrity. Stuart joe bidens name keeps coming up . Joe has already said who his veep will be. Stuart . [laughter] all right, judge. Time is up. Frustration, is important story, everybody is talking about it, growing frustration at the nations airport, long, long lines of people. Some sleeping in cots, thats chicago by the way. Because of the staffing at Security Check points, we are going to deal with that if we can. And chaos in venezuela, the oil money is drying up and the socialist economy collapsing. Are we, that is america, going to have to bail them out . Well be back. I know what i can expect from usaa because i have my checking with them, my savings with them, my credit card with them. And then i learned i have this usaa car buying service. The usaa car buying app was really helpful. All the information was laid out right there. I was able to see the savings that i qualified for. It makes your life so much easier when you have to purchase a car, so ive been telling everybody. Usaa car buying service, powered by truecar. Exclusively for usaa members. As ive said before, everybody is talking about this, its a serious problem at the airports. Look at this, people sleeping on cots because they missed their flights because they couldnt get through security. Thousands of people have missed their flights. Ashley its only may. Stuart and its only may. Good point liz fly the unfriendly skies. Stuart i was at newark airport, before i was there, the line was two hours long. Wait a minute, tamara, i dont want to be ideological here, but it seems to be the failure of government, the failure of bureaucracy, they havent taken care of its a failure of the republicans not wanting to fund the government, but for the military. This is the failure theres been no failure by tsa. The reason why why are there long lines . Because were understaffed to deal with travelers and tsa wants to do their job. So theyre making sure instead of shovelling and pushing everybody through security, they make sure everyone goes through a thorough check. If its going to take three hours that you dont want to give, you dont want to give tsa, what is it, 34 million from congress because youd only give it to the military. Thats the problem we have. Stuart and 34 Million Dollars from someplace else in what, 4 trillion worth of expenditure, they cant find 34 million . Im sure they could. Why dont they . Theres a fight against government spending. Stuart i think that the administration should take care of this problem because a lot of people are going to be very, very angry. They need 6,000 workers. Stuart Union Workers. Ahead, the governor bryant, he was a cruz guy and now hes backing trump. He says its time for the party to unite. The futures, were down 40, 50 points, but dont forget we were up yesterday. singing you wouldnt haul a load without checking your clearance. So why would you invest without checking brokercheck . Check your broker with brokercheck. It begins from the the second were born. Er. Because, healthier doesnt happen all by itself. It needs to be earned every day. Using wellness to keep away illness. And believing a single life can be made better by millions of others. 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