Transcripts For FBC Varney Company 20160706 : vimarsana.com

FBC Varney Company July 6, 2016

More problems, meanwhile, for tesla. For the second time in a week we have a report of a car on autopilot crashing. That stock will open lower this morning. And dont forget, no, we did not forget about the Hillary Clinton bombshell. No federal charges, but the email scandal will continue to plague her campaign. We have every angle covered for you. Varney company about to begin. Nothing that i sent or received was marked classified and nothing has been demonstrated to contradict that. Seven email chains concerned matters that were classified as Top Secret Special Access Program at the time they were sent and received. I thought it would be easier to carry just one device for my work and for my personal emails instead of two. Secretary clinton used several different servers and administrators of those servers during her four years at the state department and she also used numerous mobile devices to send and to read email on that personal domain. The system we used was set up for president clintons office and it had numerous safeguards and there were no security breaches. It is possible that hostile actors gained access to secretary clintons personal email account. And wipe the server and you know, i dont i have no idea. Thats why we turned it over you were official, did you wipe the server. What, like with a cloth or something . Its likely that there are other work related emails that they did not produce this date and that we didnt find elsewhere and theyre gone because they deleted all emails they did not produce to state and then the lawyers then cleaned their devices in such a way as to preclude complete forensic recovery. Wow, the fbi director, point, Counter Point refuting Hillary Clintons comments about the email scandal. Well have more. First we want to look at your money. Dow futures point to go another 100 point loss in about a half hour when the markers get underway. The economy weighing on investors, lets take a look at oil. We have more oil coming on the market. And concerns about the Global Economy. Way down to 46. 25. Down another 3 4 of a percent. And the price of gold as people look for a safe haven, gold up nearly 15 at 1373. Lets take a look at the 10year u. S. Treasury yield. 1. 35 , near or very near alltime low. Meanwhile, around the world. Japans benchmark Government Bond yield touching negative territory, barely positive right now. And basically flat. Germanys benchmark 10year the bund negative. 0. 19 . Wow, and lets bring in steve cortez from pgc partners. We say it every day, a clear night to safety. How concerned are you by this . Ashley, how concerned am i . I have teenage daughters, if i got up at 2 00 in the morning and they werent home, id be less concerned about that than looking at these treasury yields and bonds around the world. Am i concerned . Extremely concern. There are nearly 12 trillion dollars of global bonds in negative Interest Rates. And the swiss Government Note has a negative right. 50 years, i wont be arrive in 50 years and get no interest in my money if i invest in switzerland. Global markets are telling us that the rword, the recession word is a risk and in fact were probably headed to recession and not just globally, but in the United States, were doing better than the rest of the world, but were not doing great and i think that recession, unfortunately, looms. Thats certainly what the bond market is this a combination of problems. We have chaos in the u. K. And what it can do to the European Union. Italian banks, some of those italian banks on the very edge of disaster. And the Global Economy in general struggling. If you put all of that in the pot. Is that why were seeing them go so low . Unformer, this is unfortunately, this is a bitter hobo stew. In terms. Nearby, thats the greatest risk to global markets, whats going on in italy. Brexit, i think pales in comparison whats going on to me in banks on the european continent. The i think the greatest risk of all, looking longer term and particularly in the United States, is political. Its the fact that we have regulation and taxation. We have Central Banks and central planning, that are not working globally. So, we have slow growth in the United States. We have no growth in a large swath of the world and unfortunately, for investors, i dont mean to sound dour, id like to be sunny, for the investors. Ashley before im too depressed well come back to you. Lets move on to tesla. Another auto crashes, the driver survives the crash. The stock is lower in pre market liz this happened last friday at the pennsylvania turnpike. 100 east of pittsburgh, a 2016 model x, two people in the car survived. It was on autopilot mode, it hit the right concrete guardrail, bounced off that, hit the concrete median and rolled over and this, it rolled over, basically flipped over and this has the lowest possibility of rollover. The authorities on the scene are saying the driver may be charged. We dont know why. Were bringing the details as they come in, but what we showed on the screen there was a 40yearold man who was killed in florida in a tesla model s last week when his car computer didnt recognize the white tractortrailer in front of him and he died. The roof of that car was sheared off. Ashley me question is, if its driver error, is it to blame the autopilot . Thats the thing. Tesla has a good point and coming out strenuously saying that it does tell its drivers, you have to keep your hands on the wheel. You are in control of the car. The autopilot has redone this, teslas response will be a blueprint for all of the car makers who could be hit with this. Ashley and people are watching a movie when the car is driving, thats not intended for that liz thats a good point. The driver in the last weeks tragedy said the driver was allegedly watching harry potter. Ashley and now to the Hillary Clinton email charges, the director said that she was extremely careless. Hillary breathes a sigh of relief, is this good for donald trump . Im perplexed and interested in the number of people who texted me or emailed me, im a republican and im on the fen fence, but im now voting in november because the clintons cant be in power. I feel if you or i would have been in this position we would have faced charges. What i think the state department should do, the state department is the one who issued the security clearances to mrs. Clinton and all of her staff. Somebody has got to be held responsible for this. Somebody needs to lose their security clearance at a minimum. Ashley you think. I dont know how you could paint a pretty picture, get on air force one and fly off into the night and pretend this story no longer has legs. Ashley steve cortez now na weve depressed ourselves on the economic front and now to politics. I promise the last ill make fun. To Morgans Point do this push those on the edge of supporting trum many solidly into Donald Trumps camp now . Yes, ashley, it does. To connect business and politics, as bads a the situation is economically, the good news is help is on the way and the help is going to be President Trump and its going to be tax and regulatory relief and to get to the meat of your question, yes, i couldnt agree more with morgan. I got similar calls and emails and texts from conservative friends of mine who are skeptical of donald trump. They said ive had it, the clintons live by a different set of rules than the rest of us. Washington d. C. Lives by different rules, this is a rigged system and i have to vote for trump even i dont love him. I happen to love him. I think hes the best alternative. Its bad news for america, its bad news when justice is not served and when our National Security is the not honored, but as a Political Animal its very good news for donald trump. It will convince any rational person no matter what you think of the clintons or donald trump, will say that this is a rigged system and unfortunately, the fbi even is a part of it and we have to demolish this rigged system. We cant tinker around the edges, we need someone who is going to destroy the washington establishment and donald trump is that man. Ashley it may not be over, we have the Clinton Foundation, it hasnt come up in all of this. There are very, very telling questions to ask for basically pay to play. I give you a lot of money, i get what i want. And theres still an investigation going on into this. Its interesting, if youre a regular civilian coming into the u. S. Government, you apply to get a top secret security clearance, one of the things you have to do, you have to identify who your foreign dealing and business relationships are. If youre taking money that sort of thing, not that youre not allowed to have them, but something to disclose. Why is that . The u. S. Government wants to know if you can be unduly influenced by a foreign entity, by a forei money you may exchange, whether its a legitimate business deal or not. I think the standard should i applied to the clintons, as to any person in the military or the u. S. Government. Ashley theyre never given the same sort of attention. It should be. This is the United States of america and we should all be held to the same standard. Applied not only to her, but her staff. I think go ahead. The clintons have never met a foreign donor they didnt like and he has been the most unseemly expresident in United States history. She is part and parcel of that. She cannot disassociate herself from the Clinton Foundation and very nefarious activities and that, unlike the email scandal, its not going away. And the race is not so much republicans against democrats, its america against the government. They dont call you flying over, theres a country between brooklyn and brentwood. The clinnens to dont know that and a lot of folks in the media dont know that, but in think well find out in november, they know that. Checking the futures. Broad market indicator, thats showing us down half a percent in premarket. Up 10 points as we see the european markets again moving lower today. Fears about the Global Economy, the u. K. Getting out of eu, you name it. By the way, this would help your pocket book wouldnt it . No winners in last nights Mega Millions jackpot. The next drawing friday night the that will go to half a billion dollars. You could probably buy greece with that. The odds of hitting all six numbers, 259 million. If you dont play, you cant win. And trouble for lionel messi, sentence today 21 months in prison and fining him more than 2 million. Chump change for him. Well find the details on that story. The infamous man in the hat, one of the terrorist carrying out the attack in brussels, says that europes isis problem is much bigger than anyone thought. Ambassador john bolten on that next. If youre taking multiple medications, does your mouth often feel dry . A dry mouth can be a side effect of many medications. But it can also lead to tooth decay and bad breath. Thats why theres biotene, available as an oral rinse, toothpaste, spray or gel. Biotene can provide soothing relief and it helps keep your mouth healthy too. Remember, while your medication is doing you good, a dry mouth isnt. Biotene, for people who suffer from a dry mouth. All right. A quick check of the futures for you. About 14 minutes from the open on wall street, looking like a lower open. The dow off 85 points now in premarket. Down about 1 2 of a percent. Pretty much where we started the day yesterday. Now, to the fight against isis. The socalled man in the hat. Mohammad abrini, the last surviving suspect from the brussels attacks, claims that terror cells in paris and brussels are part of a Larger Network and that crossing borders was easy. Now this map released by isis supposedly reveals a web of covert units across the globe. Its quite frightening. Coming in ambassador john bolten. And you correctly predicted they would vote to get out of the eu. And ambassador, were they trying to boast to make himself be bigger or do you believe his claims . I think its certainly consistent with the way terrorists behave to try to make themselves look more important to get a better deal from prosecutors, but on the other hand, what hes saying about the capability of an isis network, their ability to move among countries in the European Union, certainly, and the zone where no visas and border stops are permitted, is something that ought to be troubling to intelligence and Law Enforcement. So, i definitely think its worth investigating further. Because if isis really has a more advanced capability than we know of now, obviously, that bodes very poorly for the future and europe is vulnerable. Weve seen it already. I think we need to be worried about it in the United States as well, i think we can be we can be happy that weve gotten through the fourth of july weekend without a terrorist incident here, at least apparently, but i dont think we can count on that for much longer. Because i think that isis definitely trying to spread its capabilities everywhere. Ashley and we know how dysfunctional the eu is. We saw how many layers of police authorities, five mayors in brussels alone. And the french just announced, look, were going to kind of push the reset button after the paris attacks. We realize were not doing the job properly. How much faith would you have in eu authorities on being able to proper share information and stop the spread of isis . Very little, really. And it has to do with the nature of Law Enforcement and intelligence because theyre not simply not capability of sharing with large numbers of country. We have enough trouble within the United States of getting their intelligence and Law Enforcement agents. I think its the wrong vehicle for these steps. Nato is better and has its own problems. But the European Unions approach guarantees isis really near impunity to travel around europe. Is the eu the target, really, ambassador . Isnt it the u. S. . Arent they the great infidels, the evillest of the evil . Certainly, were the great satan. I think that what al qaeda and other terrorist groups know that europe is vulnerable and would love Nothing Better than for hundreds of thousands of more refugees to get into europe. The European Union Member States dont have any experience at a melting pot. So the middle east has been moving into why upper the last thousand years, theyre having more success recently. And inevitably, i think officials have testified in recent months. That capability, that terrorist capability in europe, once its there, will find ways to get into the United States. So it doesnt mean our vigilance should diminish, quite the opposite. As always, appreciate it. Welcome back from london. Ashley thank you, ambassador, good to be back. The price of Oil Yesterday is falling down and as you can see, down another 1 2 of a percent. It fell through pretty quickly yesterday. All right, Hillary Clinton campaigning, as we know with president obama yesterday giving a speech standing in front of the president ial seal. What about that . Were talking about the optics of that one next. You guys be good. Ill see you later [ bark ] [ bark ] bye. See ya pal. Ever wonder what your pets do when you leave home . [ laughing ] aw you cutie pie. Aw. Aw. Aw. Aw. [ barking ] [ washing machine running ] partys on know what your pets are up to with xfinity home. Xfinity. The future of awesome. See the secret life of pets, in theaters july 8th. 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. President obama helping Hillary Clinton by appearing on the campaign trail. The president even let Hillary Clinton give a speech in front of the president ial seal. Look at that, doesnt she look like the president . Thats what they want you to see. Isnt that unprecedented behavior. Its purposely done. In 2004, i was working for my local congressman and the president came in on air force one and everybody was excited. This is part of the perks of the presidency now. Should the campaign need to reimburse for gas or whatever, her use on the plane. This is the perks of having a sitting president campaigning for you. I thinks lost his integrity by campaigning for someone under investigation from the fbi. Not only for the emails. This administration has investigated and prosecuted for more people for these types of violations than any administration in history. Ashley i think that says it all. There you go. Ashley thank you very much. Take a look at netflix, downgraded at jeffries, the subscriber growth overseas will be challenged by local competition. One last look at futures, to global and economic fears pushing everything lower and our 10year bond of record lows, 1. 35 . A busy day for your money and the opening bell moments away. Well, the opening bell is ringing and theyre smiling and clapping, but the markets are going to be moving lower. The Global Economy, the u. K. Getting out of the eu, you name it, hobo stew, as steve cortez called it, of worry. The big board, off and running and the dow off 41 points at 17,799. We were watching for 18,000, but those days have gone by. The s p also down

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