Transcripts For FBC Varney Company 20160812 : vimarsana.com

FBC Varney Company August 12, 2016

Going anywhere, pretty flat. And Hillary Clintons big plan for the economy. Big fanfare, buried this morning. The media utterly ignoring it . Why . The left may be embarrassed by their socialist candidate . There are give aways, galore, spend big on everything, and this morning, the media again is just bashing trump. The clinton plan, awol. Its friday morning, however, lets join the celebration of american excellence. Phelps at 31, runs away with the 200 individual meter medley. Simone biles, poised and brilliant, crowned the worlds best. Nbc should give them a special medal for salvaging, the salvage job theyve done on their ratings. Have you ever seen anything like this . American olympic gold, a totally skewed media and the stock market goes to the loon. Varney company about to begin. The stock market goes to the moon. Have you looked at your 401 k lately . You are giddy, mr. Varney. Stuart yes, i am. American gold, the stock market, fantastic stuff. Yeehaw. The dow, the nasdaq, s p closed at an alltime first for the First Time Since december 1st, 1999. Were looking at the fairly flat market in 20 minutes time. Oil a reaching 43. 69. Bigname stocks at record highs, most of them poised to go higher today, some of them. Amazon is at 770. Google has hit, i think, very close to alltime highs, around 808 today. Facebook around about 124, 125 today. And microsoft around about 57, 58 a share. They have been powering this overall market. Look who is here. Jeff sika, no bearishness this friday morning. Is it a is the market up at these levels because america is the only game in town . Yeah, and i think the market is up as it shows how desperate people are to not miss the next inch that this market has. So, everybody piling in at the top of this market, everyones afraid of missing out. Everyones jumping in, and everyone is going to some day regret the decision to chase this market. Stuart i knew you were going to say this. Im getting all giddy here and youre calming me down and youre quite right to do that. Because would you advise the everyday investor to put more money into the stock market right now . Probably not . No, if you look at the reality, were in the sixth quarter of falling earnings. Were getting earnings warnings. We have the lowest percentage of stock ownership, of stock purchases by insiders since 19 1988. That means the people who know these companies well are not buying their own stock and if investors dont get concerned about that, theyre going to pick theyre going to pay a price at some point. Stuart youve calmed me down, none of this giddy stuff any longer and youll stay with us for the opening bell at 9 30, are you not. Yes, i am. Stuart we welcome you, thanks. Lets get to politics. Mainstream media, where, oh, where, is the coverage of Hillary Clintons economic plan . It was revealed yesterday. This morning, nowhere to be found. Instead, the media just hammering trump on his obamafounded isis comments. Look at the headlines first from the Washington Post. When trump calls obama the founder of isis he sounds like a middle east conspiracy theorists. Trumps obama founded isis comments, why hes on the brink of doom. That tax plan is same oldsame old, of tax and spend. I suspect theyre embarrassed by it. Its socialism on steroids. Shes still appealing to that Bernie Sanders and maybe everyone can move into their own beach house at the end of it. And so, this is this is just look, whether it was isis comments, his points about really, anything else. He could wake up and say good morning, hello and that would be more at the top of the news. So this is what the plan is and this is what they need to hide her. This is hiding the ball. The more attention she gets, the worse she does and this is our problem, of course, with legacy media and the nature of coverage and its also what mr. Trump has to try to overcome in talking about her specifically, so, when they cover him, they are by default covering her. Stuart can i just do a quick aside. You and i had a conversation about Bernie Sanderss 600,000 beach house. That went out on social media. How many views did it get . Were over a million views of that conversation. And just, while we just really acknowledged the truth of the matter, that hes really abandoned his followers. What he promised them and presented to them was false. He took the donations of college students, people with not a lot of money promising free things and he now has a private beach all to himself. Theres no sharing from Bernie Sanders. Stuart he didnt spend his Campaign Money to buy the beach house, we should not imply that. Well, no, no, this is about the nature of what you think someones values are. We really dont know how hes paying for it. This is his third home. So, i guess for Bernie Sanders, socialism is really like capitalism or something. Stuart a third home. Ashley and its all his. No one else can enjoy it. Ive got three rooms, i dont have three homes. Stuart lets move on, shall we, to the latest polls and some bad news for donald trump with one particular group of voters, latinos. The fox poll shows this. In a threeperson race, hillary way ahead. Libertarian candidate gary johnson in a virtual tie with donald trump. Now, look at this one. The number of hispanic voters who view trump unfavorably has risen 8 points since may. Its gone from 74 to a wrapping 82 , unfavorable rating with latinos. Joining us now, tanner, the trump senior advisor. How is he going to turn this is a very important voting group in some key Battle Ground states. How is donald trump going to turn this around . Well, good morning, stuart. How are you today . Im fine. Stuart how is he going to turn around the latino vote . He is doing that being on the campaign trail. Every single day hes out there, hes speaking to the latino people, which actually Hillary Clinton, she made the hispanic vote seem like the compassionate vote, the compassionate group. Mr. Trump views everyone the same, but what hes going to do is talk about, he is all for legal immigration. And people that lo of what mr. Trump is saying, how he wants to keep america safe again, those latino voters are 100 behind him. For the others ones hes going to be educating them and let him know, this is not a segregation and a separation and a race thing. This is about i want to create more jobs for people who come to the country legally. Stuart will you accept that hes got a problem with hispanic voters. The polls, the polls speak for themselves. I know some of the polls are skewed. Yes, i would say we are working on that and mr. Trump knows thats an area were focusing on. Stuart okay, now, he also has a problem with women voters and the second list of his economic advisors released almost all women, nine women added to his economic team. Why so late, is this his way of trying to regroup with the womens vote . Well, no. I mean, yes, we know we want the women vote. Mr. Trump has been very, very much an advocate for women in his organization. In the trump camp, in the trump organization, there are numerous more women executives than there are men. This is not a new theory that mr. Trump has. He does respect talent. He does not see gender as a qualification for a job. However, there are more females in his organization that are hired, paid in the upper management roles. So mr. Trump does value and women that are smart and are going to do the job and he wants women in there. Im proud to be a Woman Working for him. Stuart i want to get a letter written by 70 leading republicans and their staffers going to Reince Priebus saying dont give anymore money on trump concentrate on the senate and house races, cut him off, hes going to lose. How do you turn that around. Ill take that bet. Absolutely not. Weve got a lot of people, stuart, theyre very disappointed that their person didnt get in. Weve talked about this since day one, since mr. Trump became the nominee. Its like a divorce that you didnt want. Theres a lot of people that are emotionally attached to their candidate and people are afraid of mr. Trump, i dont care if youre a democrat, an independent or republican, because he will shake up this country and get things back and get the job done and protect americans. A lot of people are frightened by the changes here. Stuart tanner, look, thanks for taking time out. A busy day for you. We appreciate it. Thank you, appreciate you having me. Stuart sure thing. A quick word. A quick aside. The numbers when you add the libertarians and mr. Trump, its over 36 which means that hillarys pandering to the hispanic population with identity politics, when you have four out of ten voters to reject her. En its up to mr. Trump to coalesce. Thats the story. Ashley thats interesting. Stuart lets get to the positives, shall we . Simone biles wins gold in the overall contest. Biles became the fourth consecutive woman to capture the allaround gold. Magnificent. I get chills. Stuart that was, that is ratings gold in my household. Ashley it is and she was going in the favorite. That puts that extra pressure on you, on the worlds greatest stage she came through. Simone biles and Michael Phelps unbelievable stories and the u. S. Team in general has been raking in medals. And remember, theyre going into olympic villages really not finished. The worry about zika and problems in that olympics. Its like the garage band olympics and she and our team have focus, but that young woman, this is real championship keeping her eye on the prize, so proud. They do . Look at that woman. Stuart fantastic. Love it. Yeah. Stuart all right, everybody, American Technology moving the markets, look at this. Amazon up 14 this calendar year. Facebook is up 9 . Kool 3 . Microsoft 5 , these are the stocks to watch and more record highs could be coming today and make that a half dozen, which are really powering this market to record highs. How about this one. Volkswagen more trouble. 100 million cars could be vulnerable to a hacking attack. Well explain. Donald trump doubling down on his comments about obama and clinton founding and cofounding isis. The media jumping you will an over him for it. However, does he have a point . More on this after the break. He founded isis, and i would say the cofounder would be crooked Hillary Clinton. Nordstroms is going to go up this morning. They reported higher profits and thats a gain of 5, 6 of, 7 . J. C. Penney, while they lost money, but gave an upbeat forecast. Thats good enough for a small rise and that stock at the opening bell. All right, the state department, the Clinton Foundation, another allegation of conflict of interest, chief of staff while hillary was secretary of state. This is very weedy. I want you to simplify the allegation. cause it goes over everybodys head. Can you give me 30 seconds on what the problem is here . Well, the problem is that cheryl mills, while chief of staff of the state department, was still working for the Clinton Foundation, in a number of capacities, which come to light recently. She was interviewing the senior officials for jobs at the Clinton Foundation and also, that the Clinton Foundation was trying to place people in schedule c, which are sort of mid level appointee positions at the state department. None of those is exactly a smoking gun with ethics, but fit the pattern with cheryl mills pushing the envelope of whats acceptable. Earlier in her tenure chief of staff at the state department. She was working for a program at nyu, sponsored by a persian gulf state. Its over everybodys head. She went to new york city, paid for the trip herself. Who cares . Spell it out, why is this a big deal . Yeah, this is very typical of the clintons, the very specific act itself is not illegal per se, but it fits a pattern of the Clinton Foundation not being a charity that its a larger Political Organization for hillary and bubba and that is the place where they host its a slush fund, isnt it . Its a slush fund . Foreign governments give them hundreds of millions of dollars and get favors from the state department in return. Okay, i dont know whether its illegal or not, but it stinks. When are we going to say it and when is the media going to report it . I dont think they will and there was a lot of discussion on a lot of networks and no one is willing if you did this on a small scale, you would be in a lot of trouble. If you sold influence to a Foreign Government and carried through and delivered a favor to a Foreign Government one time, but if you do it on a huge scale you get away with it and thats sort of the stories of the clinton since she showed up on the scene in 1992. Stuart the media is all over donald trump because he said that obama and Hillary Clinton are the founders and cofounders of isis. Frankly, i think he may have a point, he may have expressed it in rather unfortunate terms, very directly. I think the mans got a point. What say you . Yeah, i think so. Now, he was tweeting this morning, poking fun at cnn because they took this very seriously. They thought, you know, he was implying that literally obama and hillary were out there dressed in garb and directing isis. Of course, he meant tongue in cheek. In fact, what they did was focus only on, okay, remember they said that the threat was only al qaeda, know the broader jihadist, islamists, islamist political groups like muslim brotherhood. They got into bed with the muslim brotherhood. They said it was al qaeda and when they through away our gains in iraq, they created the space for isis to exist. Yes, i think hes right and of course, he meant it in more than a nonliteral sense and of course, the media cant take a joke. Ashley good point. Stuart sometimes i think im in the twilight zone. Christian, well see you soon. Look at the futures market, this is an important day, fairly flat at the opening bell. Remember, please, we closed yesterday at record highs across the board and that market opens up again ten minutes from now. Listen to this, antisemitism rears its very ugly head in rio. The Israeli Olympic team being taunted and abused by athletes from muslim countries. You wont believe this. 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With Liberty Mutual new car replacement™, you wont have to worry about replacing your car because youll get the full value back including depreciation. And if you have more than one Liberty Mutual policy, you qualify for a multipolicy discount, saving you money on your car and home coverage. Call for a free quote today. Liberty stands with you™. Liberty mutual insurance. The opening bell coming up in about ten minutes. Were going to be fairly flat, minor league losses for the dow, the s p and the nasdaq. Remember, its the big Name Technology companies which have powered this market to record highs. Amazon will open around 770 a share. Facebook will open almost at 125 a share. Google alphabet. And microsoft i have a little of it, 58 a share on microsoft. The story, open hostility towards israeli athletes from muslim nations in rio. A saudi judo olympian forefits to avoid iteming an israeli. They refuse to share a bus and block them from the bus. Not only did they block the israeli athletes from getting on the bus, the olympics didnt want a scandal so they forced the jews to get on a different bus. For the opening ceremonies. For the apartheid nation, we banned them from the sporting events and we have the Olympic Committee itself facilitating that. We should apply the same dynamic that caused the crushing of apartheid to south africa to the jew hatred that comes from the muslim countries in the middle east and elsewhere. I think this is what the athletes should be expelled. The team should be expelled if they in fact this is especially lebanon. Ashley the muslim nations on the International Stage refuse because it essentially recognizes the state of israel. Stuart world cup soccer. Ashley exactly right. Stuart well have that later on in the show. The dow hit a new record closing high, 18,613 the new all time high and were watching that this morning. Here is where were going to open, fairly flat, however, retail stocks, some are rallying, theres no stopping American Technology. Were looking for a record day for your money in tech. The opening bell is what, four minutes away. Thats it. 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. Im looking forward to the opening bell, ten seconds to wait because we hit alltime highs and i want to see in the early going today. Ive got three seconds to wait, two, one, here we go, 9 30, everybody, its friday morning, were off and running and were down 17 points at the latest count after all of five

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