Transcripts For FBC Varney Company 20160907 : vimarsana.com

FBC Varney Company September 7, 2016

Immigration. If its a black church, outreach to minorities. He criticizes the Federal Reserve, yellen has created a false economy he says, now in each case hes first out of the policy gate leaving hillary to comment later. He seizes the Political Initiative. Hillary trails. She follows his lead, shes reduced to criticizing what he just said. Instead of getting out front on the issues, shes stuck in react mode. Today for example, shes saying that trump shouldnt mention the Federal Reserve. With the new Campaign Team and a focused candidate, the trump camp now has momentum in the polls and real clear politics hillarys lead cut from 9 points at the beginning of august, to 2 points now. Today were going to take you to his rebuilding the military speech. Thats at 11 eastern. So, watch out, weve got a big threehour show coming. Wait until you see what amazon and Facebook Stock is doing, can you say 800 and 130 a share . Varney company is about to begin. Now, we start with this breaking news from paris. A car packed with explosives found outside the notre dame kathcathedral there. Hes known to authorities on their terror watch list. This car was found with the emergency hazard lights blinking, no license plate in front of notre dame. Obviously, raised suspicions. When they got to the car they found seven gas cylinders on the car one on the passenger side. They were empty. No detonating device, so whatever it was, it was men na menacing and the driver and the passenger are . Radicalized. Stuart radical islam. Can we say that . In notre dame or notre dame. In france notre dame. Stuart inside notre dame in paris. The Dow Jones Industrial average is 100 points, roughly from its alltime high. I think the market wants to go higher. Well open almost dead flat. If you want to talk about records, look at the nasdaq, it closed at its sixth record high just this year. Its back well above its dotcom level of 15, 16 years ago. How about this . Facebook, it will open at 130 a share. Another alltime high. The same with amazon, 789, 790, can you believe that . Liz macdonald we heard from you earlier, by the way. This is why we cover the companies. This is where the money is going liz when you look at the threeyear stock chart amazon is up nearly two and a half times and facebook has been tripled. Whats going on here, amazon and facebook are now the fourth and fifth Richest Companies in the world by market cap. You look at jeff bezos worth as much as warren buffett. And mark zuckerburg, 55 billion. What are they doing right . Theyre giving what the customers or consumers want. Amazon has Delivery Service from restaurant in london and maybe cars or car parts. And facebook has a snap chat, al video app for teams. Stuart oldfashioned values on companies dont work. You cant their p. E. s are rich, very expensive, but no momentum plays right now. Stuart you know what happened no buzzer, i got away with it. [laughter] [buzzer] a little late. And the iphone has no head phone jack. Is that such a big deal . Suggests theres nothing else to talk about it. Ashley the criticism is as they overhaul and improve each product, the consumer is going to have to pay more in areas, the charger, in this case they take out the head phone jack. Annoying. No longer can you use ear buds. You have to use an adapter into the power part, another 20 or 30. Or go to bluetooth and wireless. And even Steve Wozniak says the quality is not as good through bluetooth wearless. And all of this tends to anger i was going to use a word, but get upset. Stuart they get p. O. d. Ashley yes. And samsung phones are catching fire and that helps. They have to do something, they have to come up with something liz now, its a phone that lasts a half hour under water. Stuart and lets get to politics liz moving along. Stuart less than two hours from now, donald trump will have a speech on rebuilding the military. Joining us now is trumps surrogate and rn deputy press secretary. Can you confirm for us that at this speech this morning a couple of hours away, he will say how hes going to pay to rebuild the military . Absolutely. Weve seen a new donald trump postlabor day. Hes been on absolute fire. Look what he did in mexico. He laid out his plan, stuck to his word and he delivered the message that the American People wanted. A lot more detail oriented and i think thats going to continue today. Stuart the knock on trump, one of several in the media is that hes way behind in the Electoral College vote. He may be catching up in the polls, but when it comes to the Electoral College, he doesnt have them. Baloney. Remember out of the rnc, hes not going to get the nomination, and that was literally next to nothing and into the hands of the democrats. Stuart they have mathematical point. Everything ends up shaking up. Stuart theres another knock on trump not releasing the tax returns. Here is what he had to say about that with bill oreilly. Roll tape. In the meantime, she was 33,000 emails she deleted. Let she probably knows how to find them. Release the emails, and ill release the tax returns immediately. Stuart thats interesting, release the emails and however, that doesnt take the pressure off of him. And mike pence said that he and trump will release the tax returns and we understand that hes under a routine audit still and his attorney advised him not to yet release the terms. Stuart we need to see what hillary is hiding. Whether its smashed devices with a hammer. Hiding . Pretty straight offer, you release, boom. Stuart our colleague, neil cavuto made a very welcomed return yesterday. He came back with a long interview with mark cuban. Turns out that cuban is a passionate Hillary Clinton supporter, she can do no wrong and clinton in t and what effect a Trump Presidency would have on the stock markets. I have my trump hedge on. In the event that donald wins i have no doubt that the market tanks. Ill put on a 100 hedge ill put on stronger if it looks like a better chance as we go forward. Stuart liz peek with us, he basically says that the market crashes. I couldnt disagree more. Two things is one is sentiment and economics. From the sentiment side i think a hillary victory will be met with great dissatisfaction across the country. Depression, maybe on the part of republicans. People want a change. There is nothing about hillarys campaign that suggestions a new start, a new beginning. On the economic side, my gosh, every single policy is wrong. She wants to raise taxes on corporations. Shes very eager to implement more regulations of the kind that are really caused this 1 slow growth economy. I think right off the bat, there could be, as there was off brexit, kind of a shock selloff. I think as people come to their senses and begin looking at policy and personality, and so forth. I think trumps the winner here, i really do. Stuart im surprised how much cuban is behind Hillary Clinton. That was a fullthroated endorsement big time. Look, a lot of people are because its the known commodity. They know what to expect with clinton. People think that the markets will welcome the certainty of Hillary Clinton presidency. I think, honestly, it will cause this incredible sense, we missed a bet here, is 1 the best america can do . No, we can do better. Stuart ive got tape for everybody to look at. A trump supporter in indiana tired of people vandalizing and well, whats going on here. [laughter] the home owner with the trump sign wired the sign with fishing line. It had been stolen before. The lady comes along, grabs it and runs away not realizing the fishing line is attached and falls flat over. Thats indianapolis, ladies and gentlemen, watch out for booby trapped trump signs. Of course, trump is making a big speech today and talking military preparedness once again framing the debate and well bring it live when it happens. Roughly 1 is 1 00 eastern time. The latest Hillary Clinton email programs. Staff used Sophisticated Software to wipe servers and used hammers. Attorney general Alberto Gonzalez is here on that subject. The email scandal, next. announcer vo who says your desk phone always has to be at your desk . Now, with one talk from verizon. Hi, pete. Im glad you called. announcer vo all your phones can Work Together on one number. You can move calls between phones, so conversations can go where you go. Take your time. Im not going anywhere. announcer vo and when youre not available, one talk helps find the right person who is. Hi, john. announcer vo so wherever work takes you, you can put your customers first. Introducing one talk another way verizon connects your business better. Learn how at onetalk. Com. How about chipotle. The stock is down 40 in the past year, look what just happened, billionaire bill ackman bought a chunk of it, 9. 9 , says its under valued and management and turn around. The bingo, going to go up. Do you stream music on pandora . Do you . Pandora will reportedly offer a 5 a month option. No change whatever for the stock. Seems like theres a new scandal every day for the clinton camp. Now she claims ignorance of bleach bit being used to wipe her server. As i understand it, this bleach bit program was used to delete countless emails from her private server and they did this after Congress Said hold onto those records. Joining us now is the author of the new book called truth faith and allegiance, a study of service and sacrifice in war and peace, the former attorney general of the United States, Alberto Gonzalezme oe gono gonz sir, welcome to the program. Good to be here. Stuart have i got this right. Lets hear it. Stuart its alleged that bleach bit was used to wipe that server clean and she did that after Congress Told them to hold onto these. I would call it obstruction of justice if you destroy evidence after youre told to get a preservation order from the judge or often times also comes from a prosecutor or from congress and, you get into trouble if you dont obey that order. Stuart thats a firm statement. Its, what is it, what did you call it, obstruction of justice. Yes. Stuart its a crime to do that . Potentially its a crime. Stuart so you find out who ordered this. Yes. Then theyre criminals. There are a lot of unanswered questions, i dont know what you dont know and there are a lot of questions. The problem for the hillary campaign, the innuendos, potential criminality and so theres a lot here to be discovered. Stuart its a problem for voters. How are you supposed to pick and choose between the different strands of all of the different scandals conclusively that said she did this and that was right or wrong . We have a problem. In a Perfect World youd have a department of justice who investigates this and Congress Investigating this and hopefully reaching a conclusion and informing the American People and having the American Public have confidence in that conclusion. Im not sure that that exists today. Stuart really . We do have the congress and the machinery of government investigating this and saying there are limitations in terms of what congress can do at the end of the day, in terms of whether or not they can prosecute a crime. Depending what congress does, they do an investigation. If they believe a crime has been committed, they make a referral to the department of justice. Its the department of justice decides whether to prosecute that wrongdoing or not. Not congress. Stuart if youve got a beef, its with the department of justice. I dont know what information the fbi had and the attorney general had about all of this, and so, its hard for me to criticize the decisions. Stuart how could an attorney general not have knowledge of what the fbi found . And what they i dont know, i dont know. Thats it appears to me that the attorney general sort of stepped back, almost recusal, and basically said, whatever the fbi has found and whatever they recommend, im going to accept. Thats one of the main problems i have with whats happened here. It is the job of the attorney general and the prosecutors to make that decision, know the fbi. Otherwise, you have the investigators making these kind of prosecutorial decisions without any kind of check and thats dangerous. Stuart is Hillary Clinton fit to be the president of the United States, bearing in mind what shes done with emails . Ive got some questions about her judgment and i think the American Voters should have questions about that judgment and should try to get as much information as they can because judgment is important in this position. Stuart mr. Attorney general, i think thats the correct form of address. Thank you very much for being with us. We appreciate it. Thanks for having me. Stuart now, more trouble more trouble for Hillary Clinton. New allegations that her team fed senator bob mendez questions to ask at the benghazi hearing. Judge napolitano has got that one for us coming up. And carl icahn, would you believe, is a varney fan. Youll hear his reaction to my interview with trump advisor steve moore, watch this. The taxes are important, youre singing my tune there, dont forget about regulations, theyre just strangling businesses, small ones and big ones, too. Do you worry if youve saved enough for retirement . Are you or your spouse 62 or older . 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Trains with innovative Siemens Technology he keep cities moving, a g. Im booked solid for weeks. It takes ingenuity to make it in the big city. Well, here was a very pleasant surprise. Billionaire carl icahn watches Varney Company. He appeared on neils show yesterday and gave us a shoutout when talking about regulation issues. Watch this. In our economy you dont have Capital Spending. If you dont have Capital Spending because in certain cases one of the major reasons, and i think Stuart Varney spoke about it earlier today on your program, and actually, you know, steven moore was on with him. It was interesting. Varney, i think hes right. You have to grow and maybe have to lower taxes, but i think the point thats more important, to get Capital Spending back, you have to not do irrational regulation. Stuart were proud that carl icahn watches the show and frankly, i think hes right, liz. Hes right. I think hes totally right. Its Business Investment thats hold back, or the lack of Business Investment thats holding back the economy. Businesses are not spending, why . Because they feel under siege. And lets go back to the beginning of the Obama White House when there was not a single private sector person in that white house. He still doesnt get it. They dont get it. Theyve never looked out beyond their little purview liz to lizs point, business orders and activity at 2008 recession lows, thats the new data coming out. Thats horrifying liz six year low. Ashley and investment of cheap money from the fed, thats what you get. Tax cuts is where you put the money for the economy. Stuart hes right on that. Capital spending, what is that . Its a factory, yes, machinery, that kind of stuff. Buy a car. People have written how impossible it is to build a new plant in this country. You have so many regulations and there are people advocating for swifter approval of things. We really, we have really got to get on the ball because this is a competitive issue for the United States. If we dont bring into the 21st century our manufacturing facilities, our infrastructure, et cetera, were going to continue to lose out to other countries, its very serious. Stuart thank you, carl, i hope youre watching now. Im on first name terms. Apple. They debut the iphone 7. The speculation that theyre going to do away with the head phone jack. Is there nothing else new with the brand new iphone 7 to talk about other than the absence of a jack . Thats extraordinary. Billionaire Hillary Clinton supporter mark cuban says if trump becomes president , stock markets will crash. Really . We will discuss. And amazon near its alltime high nearing 800 a share. Really . American tech is the place to put your money. The opening bell is next. When it comes to healthcare, seconds can mean the difference between life and death. For partners in health, time is life. 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