Transcripts For FBC Varney Company 20170111 : vimarsana.com

FBC Varney Company January 11, 2017

Claims this morning that the russians have damaging information on mr. Trump and that his lawyer met with russian officials and said Cash Payments to them. The lawyer says totally untrue. Trump angrily calls it a political witch hunt and fake news. The russians say they have no compromising material, but its all over the media. It will come up at the tillerson hearing and it wil be center stage at the News Conference. So, here is the state of political play. The left continues its full court press to discredit and undermine the trump presidency. They are in attack mode. You will see how trump responds. Varney company is about to begin. Exxonmobil chief Rex Tillersons confirmation is about to be gavelled to order. Youll expect questions, hostile questions from democrats on russia and Climate Change. We have liz peek. Judge andrew napolitano, spokesman rick grinell, Ashley Webster and liz macdonald. Well quote him on a couple tweets. Russia said the unverified report by political opponents is a complete and total fabrication, utter nonsense, very unfair. This is how the hate trump band wagon rolls. A retired u. K. Intelligence guy, paid by antitrump people puts out a salacious and disgusting report about donald trump. Unverified and unsubstantiated, but it finds its way into an intel briefing that goes to the president and the president elect. And it is picked up by the media in the middle of confirmation hearings and right before the press conference. The judge is with me. Liz is with me, and all around the table. Judge, first of all, sounds to me like almost a conspiracy to slime the incoming president. It does sound that way and how this made its way into an Intelligence Report and how it was leaked is could the Intelligence Leaders, clapper, rogers, comey, have taken this seriously enough to have presented it to president elect trump last week and to president obama as well . Arent they skeptical about this kind of stuff . Rick grinell come in, please. I am saying that this stinks of itust stinks that this should surface at this point before the confirmation hearings and the press conference and you say what . Yeah, totally stinks. Look, intelligence is an estimate and we have to remember that, sometimes its accurate, sometimes its not. Sometimes its false, sometimes its given from a human standpoint and sometimes its leaked documents, but its a fuller picture. So, you know, look, these types of things are going to happen and donald trump is going to get used to it and bat them down and the media has got to act mature about this and only push stories that are actually accurate and true to the public. Stuart well said, rick. Liz peek, i think investors dont want to hear about this. They want to hear about at the press conference, they want to hear about divesting his assets, conflict of interest, tax cuts and deregulation. More importantly, they want to hear what hell do to help this country. Theyre ready to move on. It was so salacious and unvier phiable Hillary Clintons group didnt use it and it didnt come up during the campaign. They had access to it, they paid for it, and i think it calls into question the political integrity of our Intelligence Leaders and horrifying. Liz look at the timing of this, right at the hearings, but a week after president elect trump says he wants to restructure the cia and the director, the office of the director of national intelligence. Remember, donald trump wants to restructure the Intelligence Community, it comes a week after that. Ashley a foreign spy, paid for by trump opponents, they want to talk about interference in democracy in this country from russia, its a lot closer to home. Stuart this is going to come off the hearing on the lefthand side of the screen. Far left is Rex Tillerson, exceo exxonmobil. And the confirmation hearing whether he will be secretary of state. Rick grinell, the reports surfacing this morning, thats not going to have a serious impact on whether or not tillerson is the next secretary of state, is it . No, i dont think so. I think hell be easily confirmed and one reason why, we havent heard from him. The media have been running crazy with stories about what exxon did or didnt do and how they went around the sanctions. Were now going to hear from the ceo, a guy who is wildly successful, has managed a global company, and i think people are going to be very impressed with his answers and so, im eager to hear what he says about sanctions and how politicians respond to it. Politicians think that Oil Sanctions are the top of the game, the toughest and the best, i want to hear from Rex Tillerson what he thinks about some of the sanctions. Stuart well, were going to hear from Rex Tillerson probably 15, 20 minutes from now. On the lefthand side of the screen you see senators cornyn and cruz, and theyll be introducing mr. Tillerson and speaking momentarily and meanwhile, i want to continue this discussion about the hearing when it really gets rolling and the hostile questioning that is going to come from the democrats shortly towards Rex Tillerson. I dont think its going to upset him. Hes been the ceo of a huge oil company for years. I agree with rick grinell that he will be confirmed, but i must suggest that some hostile questioning will come from republicans, from republicans who are fearful about a sort of amicable rather than adversarial relationship that mr. Tillerson may suggest between the United States and russia and between himself and Vladimir Putin. Stuart that will come up. I think it will. Stuart and it will be aggravated by this. John mccain is not on the committee, but its the john mccain, lindsey graham, marco rubio attitude about this personified by republican conservatives who are having to ask him some pointed questions. By the way, just to be clear, russia has the sixth Largest Oil Reserves in the world. For exxonmobil or any other worldclass oil comny not to be dealing in russia is not even conceivable. So, here is a man who has built an extraordinary career and he was doing his job basically, which was trying to exact resources out of russia and do deals in russia, which would benefit his shareholders. Thats the big gripe about Rex Tillerson, it has nothing to do with National Security. Its preposterous that this had as been lofted into such an enormous youre going to see pictures with Vladimir Putin and literally pinning a medal on the lapel of his business suit. Stuart okay. Rick grinell, i think, this is my opinion, i think investors want to see mr. Trumps entire cabinet confirmed and put in place because investors like what the policies that those cabinet members represent. Do you think that all of mr. Trumps picks will be confirmed . I do because republicans control the senate. I mean, thats just a fact and what harry reid did previously about the power of the minority, taking that away, largely, i think, signals that president elect trump is going to get his entire cabinet. Yes, i agree with the judge, theres going to be some very tough questioning from republicans, but i think that we havent heard from these nominees. Weve heard from the media and too many people are going hysterical with what the media are saying at this point. We need to hear from the nominees and theseuys are professional. These women are incredibly expertise, and so, what i want to do is wait to hear from the nominees themselves who will be able to answer these questions and get us through the choppy water. Stuart on resident screen is performance of exxonmobil stock since mr. Tillerson became ceo. I believe thats the time frame here of 52 gain. Also, Pay Attention and bottom righthand corner of your screen, dow futures. That indicates a slightly higher open for the Dow Jones Industrial average. The market actually went down yesterday during the hearings for the attorney general, Jeff Sessions. The market went down a little bit, but were Still Holding about 100odd points below the 20,000 level. Doesnt look like well make a run at it today, but what youre seeing, the lefthand side of the screen thats senator cornyn who is introducing mr. Tillerson. I want to listen in for a moment. Ins a republican who is very much in favor of tillerson. Hes been recognized for his humility and his altruiusm. One of my constituents recently wrote a piece in the dallas morning newser offing on a jury with mr. Tillerson. On that jury his natural leadership and charisma helped them render judgment in a difficult case of sexual assault. Following the trial, mr. Tillerson then donated to the local nonprofit that helped support and counsel the victim after the trial. Mr. Tillerson understands how to separate friendships and business. He knows who he works for. My First Encounter with rex was when i was attorney general. I dont know if he remembers this, but we were on opposite sides of a lawsuit. I was representing in my capacity as attorney general the state of texas and we had the termerity to sue exxonmobil. Stuart another issue thats going to come up in these hearings is obviously going to be Climate Change. Rex tillerson runs, i think, it is the Largest Oil Company in the world, that is fossil fuel personified exxonmobil andthat will clash with president obamas viewers on energy. And rick grinell there will be hostile questions on Climate Change. I think mr. Tillerson will be pressed on what policy he will pursue while under a President Trump. Look, we had that discussion, i think, during the campaign and the democrat senators were going to be asking the questions and need to understand they lost and elections have consequences. And so, i think theres an agreement that there is some sort of Climate Change issues happening, but what to do about them, how do we move forward, thats the question and i think that Rex Tillerson will give us insight on that. Stuart hes going to be asked. I think is that mr. Tillerson will be asked will you withdraw from the paris climate treaty. Asked flatout. Do you want to take us out of that . I think that the paris climate treaty is voluntary. Its going to be a trumpwide Administration Policy so i think he can dance on that pretty easily. And by the way, Rex Tillerson historically has been much more open to things like a carbon tax and the propagation of renewable views. I dont think hes viewed as an enemy of Climate Change activists because hes taken the worlds Largest Oil Company and actually adopted policies that are rather accommodating to a wide spectrum. Ashley a carbon tax in 2009 far more than cap and trade. But it wasnt the climate denier stance that some peop say hes taken. Liz it comes in the context of president elect trump saying Global Warming is a hoax, and think thanks that dispute Climate Change. And the former ceo of exxonmobil said, they questioned it, too, and backed out of the kyoto protocol. Stuart thats how it will take place. One senator will say you are aware that president elect trump says that Climate Change is it a hoax. And what do you make of it. Theyll ask him to define his position. And whatever president obama and secretary of state kerry cobbled together its totally the president s decision and congress has nothing to do with it. The Climate Change issue doesnt bind china to any goals or. If you look at the forward trajectory of emissions, what we do in the United States is inconsequential, compared to india and china. Its a fraction. Stuart under the deal, china is allowed to do what it likes until 2030 and after that, it supposed to try to reduce emissions. Liz t. Boone pickens made the point you want to go after the oil companies, 70 to 80 of oil and gas goes to driving your car, that means you shut down the u. S. Economy if you go hard on that. Stuart i will me the following prediction and, judge, see if you agree with this. Ive made predictions about football and the government shrinking or expanding. Stuart it has to do with the hearing were about to see. I bet not supposed to gamble on television, but there will be demonstrations and interruptions from the greens. Yesterday, under Jeff Sessions, there were four interruptions during our show by people claiming he was a racist. According to producers in the room the first people to enter it this morning is code pink. Stuart how do you stand on this . Why is it that we allow people in knowing theyre going to disrupt a perfectly constitutional point. Their presence is lawful as long as theyre silent. They cant disrupt, but they can sit and listen, and kicking them out until they stand up and disrupt. Stuart what can we charge them with. Im sorry to say theyre not charged. Its the repeated interruption has a charge. Liz and said the courtesy to listen. Stuart cant we bring the law to bear on people in a democracy . The good question, the law gives the sergeant at arms of the senate the discretion whether or not to charge and prosecute them. You want everybody prosecuted . You know what . Yes, i do. This is my country, my democracy, dont mess it up. The country is ready to move on. I think the more the stuff goes on and the more you have the demonstrations and et cetera, people are, okay, look, the democrats dont have the votes. These people are going to be confirmed in these positions. Lets Start Talking about what theyre going to do. What are their policies and, i mean, really, were it seems to me on this russia thing particularly, were skrabbling around. The election took place two months ago. Is the left really going to say that tillerson is not tough enough on russia. Remember obamas reset with russia . The idea is that we have policies and issues we should be working with the russians on. Somehow thats dirty pool. Liz hell be do you oppose sanctions on russia. Theres a unit coming up that did business with iran, syria and the sudan immaterial to its bottom line, but thats an exxonmobil unit now in the press right now. Stuart let me go on record and tell me thats entirely legitimate. Thats precisely what we should be hearing in the hearings this morning. Do you agree with sanctions on russia . What is your policy on Climate Change . I want to hear. What i dont want to hear is it reputation of these unverified and unsubstantiated claims about behavior previously. Weve got news coming in. A statement by john mccain on recent reports of unverified, unsubstantiated. This is john mccain saying late last year i received Sensitive Information since been made public. Upon examination of the contents and unable to make a judgment about their accuracy, i delivered the information to the director of the fbi. That has been the extent of my contact with the fbi or any other Government Agency regarding this issue. John mccain, brought these charges to the fbi, that picked them up. Ashley i received Sensitive Information that since has been passed onto the fbi, now its been made public. He said thats my only role in all of it. Stuart which has not been verified. Not been substantiated. Ashley not at all. Stuart and part of the charge has been proven to be wrong. Its a hoax. John mccain did exactly the right thing. You get foreign intelligence, youre a member of the United States senate you deliver it to the fbi and let them deal with it. Stuart lefthand side of the screen, youre looking at capitol hill where the tillerson hearing on him becoming the secretary of state, that is now in progress. That, i believe, is former senator sam nunn, is that correct, from the democrats . Georgia democrat. He is part of the commentary that you get before the nominee himself stand up, takes the oath and starts to talk. There are two republicans, senators cornyn and cruz. There are two democrats, youre hearing from one now, thats sam nunn, the other is bob gates. Thats former defense secretary. Yes, he is. Former director for sessions yesterday. And i presume all four people are speaking for. I believe, and also former director of the cia. Stuart when mr. Nun is finished, then it goes to bob gates, robert gates. He will have two, two and a half, three minutes to make his points about mr. Tlerson, speaking, as you say, liz, in support of mr. Tillerson. Right. Then it goes to mr. Tillerson himself who makes yeah. Stuart i think he swears the oath first. Liz i think is had big theme will be the absence of leadership under the Obama Administration, ditherring over the red line head to green lights. And led to china demilitarizing the china sea. He will be a tough, tough diplomate in this office. Stuart thats interesting. Because the questioning will probably zero in on russia and Climate Change, but this is going to be the future secretary of state who deals with a much broader issue of international events. Cuba policy, for example. Thats right. China. Iran. Stuart iran, for example, hes had contact with iranian leaders, i believe. The republicans, i assume, will go to topics that are favorable with the American People, such as disagreement with the iran accord. I think that americans do not think what president obama sai

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