Transcripts For FBC Varney Company 20161026 : vimarsana.com

FBC Varney Company October 26, 2016

Government solution, the public option and medicare buyin. Rather vague. 13 days till the vote. Thats politics and how about money . Stocks are going down and another decline in iphone sales, a slight drop in profit margin. Still the most valuable company in the world. Is it now a glorified utility, milking steve jobs iphone legacy . Politics and money, thats what we do. Varney company is about to begin. Well, where are we going in approximately 28 minutes time . Weve headed south for the big board and the Dow Jones Industrials are off 75 points. The price of oil has dropped below 50 a barrel. 49. 06 to be precise. Well get the latest reading how much we got from oil in the stock piles coming up at 10 30. Now look at this. This is apple. It is the stock of the day, probably. Shares set to open lower. And im going to call it a lackluster Earnings Report late yesterday to be down to 114. Emack, numbers liz yeah, the Third Straight quarter of iphones down versus sold in the prior quarter. Thats trending toward 2013, 2014 levels when the stock was between 70 and 100. Its coming in solid down versus the last year. The cash on hand, 231. 2 billion, the gdp of ireland. They could buy netflix, and twitter. Its a cash pile on hand. Stuart i was contentious at the top of the shower. Ashley you were, leave it at that. Stuart do you think that its milking steve jobs . No, where is the growth coming from . Thats the concern. Theyre making a billion a day in the last quarter. Its impressive, but headed in the wrong direction. They need something fresh liz they need sizzle. Stuart weve got three hours to discuss this and youre wrong and im right. Case closed. Ashley ive got it. Stuart 13 days until the election and the bloomberg poll shows donald trump leading there, a mustwin state 4543. Now look at the difference in turnout at their events. In florida the enthusiasm definitely on trumps side. Throughout the show today, were talking about the apparent Enthusiasm Gap between trump and Hillary Clinton. Meanwhile, the latest real clear politics reading, an average of National Polls Shows Hillary leading by 4. 8 points, that margin has narrowed a little over the past few days. Early last week, she was up 7. 1. Real clear politics cofounder publisher tom bev vin is with us. Confirm, please, trump is narrowing the gap. Is that accurate . That is accurate. I mean, certainly in our national average, that was as you mentioned it was over 5, 6 points and now under 5, as of today. And so, you know, hes definitely narrowed it and had good news in swing states. You mentioned the florida poll that just came out this morning, the bloomberg poll has him up two points there. And clintons lead is 1. 6 in florida. Definitely weve seen tightening in swing states with trump here with a couple of weeks left. Stuart Rudy Guiliani was on the show yesterday and talking about the polls, the accuracy and counting thereof. Youre a pollster, listen to rudy on polls yesterday. Roll tape. I dont trust the polls. To say that shes winning when you have four or five that have 10 oversampling of democrats, when you look at the business daily poll that has him 2 points ahead the only one accurate in the last three elections and then they decide to ignore that, when they ignore just the obvious enthusiasm of the people. I think hes winning. Stuart well, tom, youre in the middle of this. Overcounting come on, pass judgment, are the polls slightly inaccurate as rudy says they undercount republicans . Well, theres no way of knowing, well know on november 9th. Thats all we can do. Thats why we look at the average. You have the Washington Post poll which showed a 12 point the tracker initially came out and showed a 12 point lead for Hillary Clinton. That was at the upper range of anything that weve seen and then on the other end of the spectrum the ibd tip poll a wellrespected poll, it wasnt the best, but performed i think respectably the last couple of elections and got that basically a tied race. So, where is the truth . Its somewhere in between, i think. And thats why fast, tom, can the polls can polling style measure the Enthusiasm Gap . Well, sure. They do ask estions whose supporters are more excited to go out and vote and more strongly support their candidate. Trump led in that metric in most of the race. In the last week or two weve seen it dissipate a little on trumps said. If you look at the rallies, tons of people there, that doesnt always translate into votes and i think thats where some people get misled by what they see on tv. Much bigger, broader electorate than that, so, again, youve got to stick with the data in the aggregate and it shows that trump narrowing the gap, but still behind. Stuart okay, tom, well stick with rcp, and well stick with you. Thank you. Stuart and donald trump mounting a strong attack, using the failure of obamacare, i guess you could call it political fodder. Watch this. Even bill clinton admitted obamacare is the craziest thing in the world, where people wind up with their premiums doubled and their coverage cut in half and then he was forced to take it back the following day because that night he suffered greatly. He suffered. Because Hillary Clinton wants to double up and triple up on obamacare, the numbers will go through the roof, your taxes will double and triple, and in the end, its not affordable. You cant do it. Stuart affordable, affordable, and fiscal columnist liz peek is with us. A speech, nothing about women, attack obamacare and go to are growth. Its effective and we already sein some of the tossup states like North Carolina and pennsylvania, those are States Obamacare rates are going up 40 or more. Its impactful and the oldest story in politics, when it hits the pocket book of the voter then they begin to Pay Attention and this is going to hit a lot of people very hard. Stuart i want to see the polls out of arizona because fees are going up 100 in arizona. Doubling. Stuart its a dodgy state, very much in play and maybe obamacare makes a difference there. Hold on a second, ive got Hillary Clinton obviously playing defense here. She was playing about obamacare and a fix during the radio interview. Im going to call it a vague response. Watch this. We are going to really tackle that. Were going to get copays and premiums and deductibles down, were going to tackle Prescription Drug costs and we can do that without representing away the insurance that people now have. Well, how about that for a response . What do you think . Look, i think the problem for her she came out earlier basically talking about the single payer system and thats really what shes been after all along, but i think that voters are now saying, wait a minute, weve given the government control over a healthy slug of our health care business, its not working, in fact, its becoming a burden for a lot of americans. Why would we do even more of that . Voters, look, this has been an unpopular bill since it was passed despite literally tens of millions of dollars spent by the federal government trying to convince people it was a good thing. People think its a bad thing. Why would they want more of a bad thing. Like a geico ad, do you want more of obamacare, no. Stuart a geico ad, very good stuff there. All right, sports time. Game one of the world series opened last night the indian behind ace pitcher dominated the cubs 60, he struck out eight cubs in three innings, never been done before. Game two, 7 00 eastern time tonight in cleveland. The game time moved up an hour because of problems with probably with the weather. Ashley rain, yes. Stuart to the markets, please. The dow industrials are going down at the opening bell off 80 points. Look at individual stocks which really will move. Chipotle really struggling to recover from the e. Coli outbreak a long time ago. Fewer people going to the stores, profit down 95 . It will open way down. Different story at panera. Sales up. Its looking to the future and it sees bright, rosie skies. It will be up today about, what, 10 bucks. Politics, donald trump ending Fund Raising Events for the Republican Party. His Campaign Says it wants trump to focus being out and about with voters instead. Who can blame him with big rallies like that hes been seeing. Look at this, wrapper jayzee, a former drug dealer and rapping about Women Holding a conce for Hillary Clinton. How is that going down . And the highest level in 50 years, we have numbers for you. Stay right there. When a moment turns romantic, 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. Now, where is coke going to open today . Up a little bit. They got better sales of soda and stronger demand for water and sports drinks, especially in north america. That stock, cocacola goes up this morning. Same story at garmin. Theyve got the fitness tracker like the vivo smart and selling a lot of them. The stock will be up 2, 3, 4 . Comcast up 12 , a nice jolt from the olympics and from signing up video is subscribers. Rapper jayz will headline a concert for Hillary Clinton before the election. The tickets are free expected to be the campaigns largest event yet. How about that. National diversity ceo and trump surrogate pastor scott not thrilled about it. Im not surprised pastor. Why on earth would you be thrilled about a misogynist lining up behind Hillary Clinton. This is her pander to the black community and a crowd bigger than 50 or 200 and thats generous at best. You know what, this points to the obvious hypocrisy of Hillary Rodham clinton and to a lesser extent the first lady of the United States, michelle obama. Theyve feigned this outrage over Donald Trumps comments and acted their ears are so tender they cant hear this. If you look at the lyrical content of jayz, i wouldnt allow my grandchildren to listen to, i wouldnt allow my daughter to listen to it growing up. Stuart you mentioned pandering, is it seen as pandering to the black community . Yes, it is. The black community is a very Intelligent Community of people and shes doing everything she can to get the black vote. To be honest whats she going to do pass out free hot sauce bottles at the door and a comedian telling your mama jokes. At youre going to get a black rapper to attract a crowd and a free concert, its an obvious pander and i think its going to fall flat on its face, especially in cleveland. Cleveland is not a racially divided city like that. Im from cleveland, born and raised here and cleveland right now is having is on a high. Weve got the cleveland cavaliers, weve got the Cleveland Indians, and were all getting along just fine. [laughter] cant we all just get along . Who said that . I cant remember. And pastor, i want to talk about black lives matter, an organization that Hillary Clinton very strongly supports and done so publicly recently. Gallup says the polling organization, they say three out of four americans have a great deal of respect for the police. Thats up 12 points in the last year. Whats your comment on that, pastor . Im in agreement with that. I mean, once again, black people are not going to allow ourselves to be manipulated, especially by a political campaign, to cause us to think other than the way we genuinely think. Once again, using cleveland as an example, we have great cooperation between the police and citizens of the city. Every now and then you have a blip on the radar screen, you have an incident or an abberation, things happen that shouldnt happen, but things happen to the police that shouldnt happen as well. But we have an africanamerican police chief and we have a great cooperation, you know, we have a great mayor here as well. Even though hes a democrat, hes a great mayor. [laughter] youre a trump surrogate after all. Even though hes democrat hes a great mayor. Theyre trying to foster this climate of hate and mistrust and division between the citizens and United States and police and we see where its coming from, from Hillary Clintons camp to divide it and blame it on trump. Stuart the last thing we want is division, just dont want it. Im sorry, im out of time. You know how it is. Thank you for having me, god bless you. Stuart you can come back. God bless you, too. An explanation for the failure of obamacare, young people are preferring gaps and beer liz the out of pocket costs. Gas for the car and beer on friday and open secret in d. C. Stuart an honest answer, ashley, if you were that age what would you have gone for, Health Insurance or cigarettes and beer. Ashley what about you, mr. Varney . Stop it, stop it. How about individual stocks moving, financial one, profit down 10 , that thing will be down a couple of bucks at the open. Pandora, online music, they stream stuff at you. Got it . Lost money last quarter. Its going to be down big in percentage terms, that is. The latest case of liberal lunacy on colleges. Tufts university warn student if you wear an offensive halloween costume, youre going to have answer to the police. Well be right back. This man creates software, used by this bank, to protect this customer, who lives here and flies to hong kong, to visit this company that makes smart phones, used by this Vice President , this little kid, oops, and this obstetrician, who works across the street from this man, who creates software. They all have insurance crafted personally for them. Not just coverage, craftsmanship. Not just insured. Chubb insured. And here is your daily dose of leaked emails from the Clinton Campaign. They admit they have no good explanation for her using a private server. Details. Ashley its interesting talking about how do we spin this. This was just three days before Hillary Clinton was due to speak to the u. N. The flap is out there. This is between aides and this was an email sent to cheryl mills. There is just no good answer. We need to gut through the process phase and get them out there and let the content do the talking. In other words, what can we do. Stuart theres just no good answer. Thats true, thats true. [laughter] sorry had to admit it. They tried several and none of them worked. Stuart youre terrible, liz. Its true. Stuart and look at boeing, please, their profits went up nicely, up 33 . They raised the forecast for their delivery series for next year. Doesnt do any good. Looks like theyre going to open a little lower this morning. Higher profits at northrop grumman, they got a boost of better sales from the aerospace business. That makes the Center Section of those new f35 fighter gets and that stock will be up. Oh, be careful, celebrating halloween, especially if youre at Tufts University in massachusetts. Theres a crackdown on offensive costumes there, you could be investigated by the police if the wear the wrong thing. The Campus Police, no less. If anyone feels they are offended, not safe. This is a letter sent out by the letters of four greeklike councils, if you feel offended the Campus Police will come in and investigate. Who is the judge on this, and. Go dressed as Campus Police. Stuart you read the policy. Can i wear a cowboy hat. No. Stuart can i dress like a bum . No. Stuart can i wear a sombrero. No. Stuart can i wear a beret. Dont you Love University of wisconsin has an Incident Team and they claim someone who went dressed as three blind mice that was mocking the disabled. Oh, please. Ashley very inappropriate. This is so ridiculous. I love our skyrocketing College Tuition costs are going to these deeds of darkness. Its the fun police in action, its ridiculous, right . Were having too much fun on this show, liz by the way, only eight more mondays until christmas. Probably cant go as santa claus. Stuart and news from amazon, from deloit, for the First Time Ever people say they plan to spend as much online as bricks and mortar. Amazon is going to be down a bit. And iphone sales are down. First annual decline in revenues and profit since 2001. Have they become a utility, milking steve jobs legacy . Would you buy it . The opening bell is next. Anything worth pursuing hard work and a plan. At baird, we approach your Wealth Management strategy the same way to create a Financial Plan built to last from generation to generation. Well listen. Well talk. Well plan. Baird. Once i left the hospital after a dvt blood clot. What about my wife. What were building together. And could this happen again . I was given warfarin in the hospital, but wondered, was this the best treatment for m

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