Transcripts For FBC Varney Company 20160531 : vimarsana.com

FBC Varney Company May 31, 2016

His words. And who is to blame for the shooting of the gorilla at the cincinnati zoo. The parents of the child who got into its enclosure, the zoos officials . This has fired up the country perhaps even more politics, but dont forget that market. Stocks moving higher again today. Janet yellen says that rates are going up soon. So what . Varney company is about to beg begin. And he fires, yes . Stuart yes, indeed. Thats the Golden State Warriors coming back from a 31 deficit to advance to the nba finals. Steph curry, that man, scored 36 points, seven threepointers. The warriors will face the cavs for the second straight year, game one thursday. Youll be watching, wont you . Oh, yeah. Stuart and who was at the game . Bernie sanders, he attended with danny glover. Glover happens to be a huge supporter of venezuelan socialism. And sanders, looking at the president ial campaign in california. Hillary clinton reportedly cancels an event in new jersey for california. Shes trying to stop the bernie surge. The trump attacks and bernie surge. Tammy bruce is here. Am i right saying its desperate times for Hillary Clinton . Bill is staying in new jersey and shes going to be going to california, defending california, which is shocking thursday through monday. A week from today when both states have the primaries. Stuart defending california as a bass bastion from the left and shes defending her own campaign and future. She easily won california in 2008 against barack obama. Its now not a sure thing. Bernie sanders is within the margin of error. Californias changed dramatically in the last seven, eight years, and people like myself, for example, its a different state. If she loses california shell still get the nomination, but the psychological damage will be extraordinary. We showed video of her marching in chappaqua with bill and uniformed people. I dont know what the reception was like, but thats very much hillary country. Im in no position to say thats a successful march. It probably fun, in other hometown, shes with her husband and everything seems normal, which its not, of course. And i think that behind the scenes, in the emails that are going out, theres a financial desperation, theres all kinds of things that are happening that indicate that, i think, they know theyre in trouble, interestingly enough. When it comes to the momentum of the nature, whats occurring. One week from today. I have a headline from the man who wrote Ronald Reagans prosperity plan. Trump will beat hillary easily. Come in, art laffer, you wrote that headline because i think that Trump Reminds you of Ronald Reagan, is that correct . The whole situation does. Its exactly the same. We were the pariahs out of california, none of the major establishments, they even went so far as to run an independent candidate, John Anderson against us. Thats right. I mean, they called reagan every bad name you could think of, when the time came, a week out, the polls were not favorable to us, and bang, we won 44 states, got about 51 of the vote and carter got 42 of the vote and John Anderson got 7 and we and then in 84 we won 49 states, how is that . Its very similar. Stuart are you telling me that one week before the president ial election in 1980 when it was Ronald Reagan versus jimmy carter, president carter, youre telling me that one week before the election, reagan was underwater, losing to carter, really . You know, im old and i forget things easily, but i believe thats true. We were way behind in the polls when he first was i mean, hugely behind and everyone thought it was a loss. They compared Ronald Reagan to Barry Goldwater and richard nixon, how the republicans would lose up and down the field. At the convention, they tried to get jerry ford to be a copresident with Ronald Reagan, its deja vu all over again. Trump is going to landslide. If you look the a the republican turnout. Republican turnout, if 3 million more republicans voted for the primary this time than did in 2008, in 2008, 11 million nor democrats turned out than republicans. The whole tide is sweeping very much the gallup poll, are you feeling better off, all of these things, state governors in 2009. There were 28 democratic governors. Today, there are 31 republican governors, the whole Political Movement is moving very much our way. Almost exactly like it did in 1980 and i believe the same results. I have to ask one last question, regardless of who Donald Trumps opponent is in november, regardless of that, do you think that donald trump can win the state of california in the general, in november . I think he can, yes. Stuart really . I dont see why not. Why not . We won it easily in 1980 and 1984 and even bush won it in 88. Stuart 39 of californians are hispanic by descent, 39 , and im not going to go into demographics, how many blacks, how many males, how many females, how many hispanics, thats not how people vote. People vote with their pocket book. You ask yourself the question, do you think youre doing well in the Economy Today . I dont think so. And i think donald trump promises a very Strong Economy and i think everyone likes a Strong Economy, no matter what your race, no matter your gender, no matter what your age. Making money is fun and its fun for everyone. Stuart yes, it is indeed. Stay there for a second, art. Weve got more on this for sure. Just stay right there. To the markets, please. Im going to start with disney. Theres not going to be much change in the stock price, but were hearing about significant problems with the new star wars prequel. Now, disney hit a high of 122 in last august. Look at it now, around 100 a share, a trouble with the prequel star wars movie. Oil close to 50 a barrel. Very, very close indeed. Thats helping the market, as in stocks. Right now were looking at a slightly higher opening for the dow. Up 20, 30 poin rolling in 22 minutes time. Remember, janet yellen on friday, suggested another rate hike looks likely in the months ahead. Markets dont seem to care about that. Were going up by 30, 40 points right at the opening bell. Art, youre still there, let me ask you this. If janet does it matter if rates go up a little bit in the next few months . Does it matter to the market . Stock market . Well, if the rates go up because theyre naturally going to go higher. I think that would be wonderful for the markets. The low rates have just destroyed the mortgage market. No one wants to led this type on a risky loan. They just dont. Weve got no supply of mortgage because of the fed policies. The sooner the fed gets out of that market, the better off the economy will be. We will, when we have a boom, we will have rates, substantially higher than they are now. Id say if the tips yield were in the 3 to 4 range we could have one of the most amazing booms in the u. S. Stuart contrarian, art laffer. Good to see you. Thank you, stuart, appreciate it. Stuart back to politics, the weekly standards bill cristal says there will be an impressive third party candidate. Now, this is the never trump republicans talking here. Tammy, that Wishful Thinking on bill cristals part . I think so, there is no impressive candidates. We had the most impressive candidates unless youve got John Anderson in the wings and that wont matter as much. This is a level of desperation thats become embarrassing. You see this with the individual pushing it and i think its a shame, but i think mr. Trump will be fine. Nobodys going to be confused what they want by the time election day rolls around in november. It will be clear. Stuart weve got it, thank you, tammy. I have to tell you this, it was a really disastrous Holiday Weekend in southeast texas. From the storms, brought hail, strong winds and flooding and six people have been killed. The brazos river is expected to crested later on today. There could be more rain coming later this week. You pity those poor people in east texas. Now this, its a video the country is talking about. A gorilla dragging a fouryearold boy who fell into its enclosure at the zoo. The zoo keeper killed the gorilla, shot him. Who is going to get sued, the family, the zoo, the people who designed the enclosure. Judge Andrew Napolitano will answer the questions in a moment. Disneys latest star wars movie called rogue one reportedly a disaster. Disney ordering all kinds of reshoots which would cost a great deal of money. How about this . Former attorney general eric holder. He says Edward Snowden performed a quote, Public Service. Hes the guy who spilled the beanies to everybody except us. Ralph peters is not happy about that and he will join us. Mommys right here mommys right here [screaming] oh, on all sides now, the cincinnati zoo is standing by its decision to kill the 400pound gorilla who dragged that boy around its enclosure. Judge napolitano is here to sort it out. I wish it could be sorted out easily. Lets start with your questions. Stuart who is going to get sued. Could it be the zoo itself . Well, who would be the plaintiff . Who is going to sue. The gorilla obviously is an animal. Stuart Animal Rights activist group on behalf of the gorilla. Theres no such suit in the United States. Maybe a judge in ohio wants to change the law for the estate of a dead animal to sue. Animals do not sue. Stuart friend of the cincinnati zoo who lost a prized specimen, the gorilla. No, the gorilla is, for better or for worse, i have a prime with primates in zoo, but the gorilla is the property of the cincinnati zoo and the zookeeper made a split second decision, its better to save the life of a baby than the life of the gorilla. That is pretty much a nobrainer when were talking about morality. The life of a human being versus the life of an animal. Should the animal have been there . Thats another issue. Stuart will this case give rise to the whole idea that animals can have rights in court . I dont think so. I think if it gives rise to anything, it will give rise to the rather shabby insulation that was there, a threefoot wall over which anybody could have jumped or fallen. With the child having been saved, nobody has standing to sue. God forbid the child had been harmed. Stuart the child had trauma and the parents had trauma and that could be against the designer. You could make the case the enclosure is designed shabbily, no warnings and no fail safe, theres nothing down there to protect someone who accidentally or intentional i will goes over that wall. The wall should be inpenetra inpenetratable so that only from super human means you could get over it. Stuart how about the parents of the child, in legal terms, that allowed this terrible thing to happen . Who do they sue . Again, who is going to be sued . They cant sue themselves. Youre asking if the parents would sue the zoo because the zoo failed to protect their child from their own negligence. A tough case, but it could happen. Stuart im going into break into this, an interesting story ive got breaking news, a new email explanation from the clinton team. John poedesta, clintons top guy, since last year, secretary clinton said the use of her perm email server was a mistake. While there have been ongoing reviews of this matter, the completion of the Inspector Generals examination gets us one step closer to resolving this. Now, thats an explanation. Basically, john is saying, yes, the use of the private email server was a mistake. Hillary is really on the ropes like shes never been before. The email was sent to her highest and best donors, they are recognizing the seriousness of the problems that she now confronts. Stuart is it an admission of fault . Yes, the Inspector General report was absolutely damning to her. Stuart not terrible fault, not treason. The Inspector General doesnt look for criminal activity. The Inspector General looks for a failure to comply with state department regulation. Ashley theres more on this. Had secretary clinton known of any concerns about her email setup at the time she would have taken steps to address them. She believed she was following the practices of other secretaries and absolutely belied by the secretarygenerals report. Her predecessors occasionally used gmail to respond to aides. None of them had their own server. None of them were running for president of the United States, none of them transferred conniffidential information. Stuart well have more about the email. This was a big deal. Weve been showing you video out of venezuela, fighting for food and eating from garbage cans in the United States. That country is collapsing and in my opinion, thats because of socialism. Well get into that. More trouble for Hillary Clinton. The former Inspector General of the state Department Says if he received an email from her private server, he would have launched an investigation right there and then. Thats more email trouble. I would have been stunned had i been asked to send an email to her at a person server or a private address. I would have declined to do so on security grounds. charge music you wouldnt hire an organist without hearing them first. Charge so why would you invest without checking brokercheck . Check your broker with brokercheck. Poallergies . Reather. Stuffy nose . Cant sleep . Take that. A breathe right nasal strip instantly opens your nose up to 38 more than allergy medicine alone. Shut your mouth and say goodnight, mouthbreathers. Breathe right. By switching to xfinity x1. Rio Olympic Games show me gymnastics. X1 lets you search by sport, watch nbcs highlights and catch every live event on your tv with nbc sports live extra. Im getting ready. Are you . X1 will change the way you experience nbcuniversals coverage of the rio Olympic Games. Call or go online today to switch to x1. A nice run for the market last week. Probably going to go higher this Tuesday Morning. Why . Because the price of oil is close to 50 a barrel and Stock Traders like that, apparently. Now this, former state department general Howard Krongard criticizing Hillary Clinton for using that email server for classified email. Roll that tape. Secretary rice did not have a personal server. I would have been stunned had i been asked to send an email to her on a personal server or private address, i would have declined to do so on security grounds. If she had sent one to me, i probably would have started an investigation. Stuart when you combine that rather damning statement there with john podestos excusing the email scandal, thats speaks to desperation. And the email went to donors. We have the Campaign Manager sending out emails as well saying that they thought that their fund raising would go up when trump became the presumptive nominee. In fact, its gone down and now, this is a worry not just when it clearly was money, but they see it perhaps as a signal as Bernie Sanders, what happened in 2008. The superdelegates, 400 of them went to hillary before he got into the race. That in fact, maybe he can take some of those superdelegates. If its apartment that hillary cant raise money for a general election, then they become, of course. Stuart how about this . Early this morning, i think it was early this morning, the Huffington Post put out a headline, hillary indicted and withdrew it quickly, but those people who read the story, it was wellresearched and let out and thats the liberal press. Stuart what do they know . Thats another theyve probably written stories for both possibilities so they can drop them the moment it owe can yours liz and watch this, cbs New York Times post, swing voters, are independent voters, nearly two thirds found hillary untrustwort untrustworthy and the unfavorable rating is high. Stuart tough week for hillary. And one week before california. Were moments away from the opening bell, a quick look at the futures to indicate where were going to open. Up about 40 points, theres a problem at disney, theyre going to reshoot a lot of the scenes from the star wars prequel. It doesnt look like its going to hurt the stock that much, but the dow will be up a bit. Aggressive, undistant. This is a rebillion, isnt it . A rebellion, isnt it . I rebel. All right. Everybody, were back at it this Tuesday Morning. Weve got 20 seconds before that bell starts trading today. A couple of things in the back drop here. Number one, personal spending up a very strong one full percent in the month of april. Those a Strong Performance. Number two, janet yellen says, watch out. Interest rates will be going up in the months ahead. What impact from those two items. The dow is up 19 or 20 odd points, 15 points in the early going. Who is here on the long Holiday Weekend, brighteyeed and bushytailed. Janet yellen says more Interest Rates going up in the months ahead, very likely. I put it to you, who cares whether they go up or not . It doesnt seem to have any impact. Nobody cares. I care. Id like to see them go higher. I wish theyd get off their fill in the blank and go higher, the only way to free up liquidity for the average person is to have Interest Rates higher so the Bank Lending Rate can widen and theyll loan money to an average guy like me and say, here, go buy that house you want to buy be

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