Transcripts For FBC Varney Company 20170228 : vimarsana.com

FBC Varney Company February 28, 2017

Yes, if youve been watching fox business. No, if your news source is the establishment media. Please look at this today. The Washington Post is filled with the usual antitrump rants and the economy section leads with the diversity struggle at apple. The New York Times nothing about the historic rally on the front page and in the business section on page b7, a very brief mention, wall street closes at new highs again. Thats all you get from the New York Times for the historic move. Confidence is up, trillions in new wealth created. No wonder the media is not trusted. Another historic event tonight, the president addresses congress and radical reversal on policy on immigration, taxation, health care and the environment. It will be intense political theater. Youve not seen anything like this before so one more time, sit back and watch history. Varney company is about to begin. Take a look at whats going on with the stock market, trillions of dollars of value have been created since i won the election, trillions. No, i mean, the stock market is very enthused and thats jobs. Stuart thats the president there talking about the stock market rally, which has all, but been ignored by the Mainstream Media. Weve got more on that when this market opens today. Okay. The dow is coming off its 12th Straight Record close. The longest streak in 30 years. It will be the longest streak in all history if the dow ends even just a half point higher today. Stock story of the day, this is a big one, target. Its down, what, 12, nearly 13 before the opening bell. Sales are down and expect them to keep going down. Shares open at a near two year low. Emack, this is our themed retail ice age. Have i got that right . Sales actually down. Liz yeah, a surprise drop in the Holiday Quarter. Down about 43 from a year ago. Theyre basically seeing a bad 2017 as well. Thats what the forecast says. Stuart is this online sales taking a bite out of target . Connell . Liz yes, the retail ice age is upon us as, you know, moodys and fitch last week, a lot of retailers have a boatload of of debt for those. Retail ice age, i think thats a good slogan. Got it, liz. To washington, President Trump will speak to a joint session of congress, 9 00 eastern tonight. I think the speech will be something, youve never heard anything like it before and the reaction is like youve never seen before either. You can watch it, of course, live fox business 9 00 eastern. Diane black is with us, republican from tennessee. Im confident that the atmosphere surrounding this speech will be very, very tense, are you with me on this . I think its going to be a very important night to hear what the president has in store for us and this country. Stuart what do you want to see him do, go out there and be positive and reach out to democrat opponents . What do you want to see . I want to see him positive. He campaigned on making America Great again. I want to hear what his thoughts are Going Forward and what we can do as a partner to do that. Stuart im expecting shoutouts from democrats. Im not likening it to mr. Walsh for shouting out you lie, he was disciplined from that later on, but im expecting a demonstration from the crowd, Something Like that and you, too, i guess . Well, were seeing that all over the country. I hope we have more dignity inside of our chamber than weve seen in the past by our democrats, and i hope that this is going to be an evening where we will listen to what the president has to say and well give him a chance to make his case. Stuart thats not going to happen, diane. Youve got a lovely smile. You know this is not going to happen, dont you . Well see what kind of drama we have in the house of representatives. It shall be interesting. Stuart i know youre a former emergency room nurse. Have i got that right . Thats right. Stuart decades of emergency room work. Thats right and i still have my license today, stuart, i keep with my continuing education and i keep my license. Stuart look, my Blood Pressure keeps going up on the program. So if you want to come to new york and. [laughter] deep breath, deep breath. Stuart ill try. With all of that experience in the medical world, can you tell me that for sure were going to get Obamacare Repealed and replaced in short order or is this going to drag on . Sure, stuart. I can tell you we are working very hard and it will be short order. Were going to be showing some people our plan here within a short period of time and i can tell you that were working really hard to rescue the American People from the failed system. Stuart okay. Well, just get me my tax cuts and my Blood Pressure will go down, down, down, and your services will not be necessary here, okay . Thank you for joining us as always, always a pleasure. Thank you for having me. Stuart now this, if you are a lawmaker in california and you oppose gun rights, a federal judge says you can have your home address published for all to see. Judge Andrew Napolitano is here. Have i got it right . The mechanics behind it the mechanics are important the legislature voted to allowed their names to be removed from all publications. Stuart the judge says, no, you cant do that. If you know where i live and im a public official, it is a truthful statement to publish my name. What do they want . They wanted to insulate themselves from the wrath of the voters by hiding their names and Contact Information from the voters. Stuart wait a minute, the wrath of the voters should be felt at the ballot box not your private home surely. Thats not what the federal judge ruled. The federal judge ruled if you want to know where this person live to picket their home or send them mail, its a matter of truthful information. Stuart i think its a matter of security. Well, you would have voted with all of these lefties in the legislature then. Stuart i would not necessarily vote with the lefties. Promise not to reveal your names, addresses and Contact Information on air. Stuart i dont think the addresses of lawmakers should be out there in public on contentious issue like this. They were already out there. It wasnt a matter of putting them out, it was bringing them back. You cant get your information off the internet these people wrote a law that all Internet Service providers who do business in california, which is all about them, retaining this information about just about them, just about that legislation. Stuart youre bringing me around to your point of view as you often do. The First Amendment, i know you dont have that on the other part of the pond, the First Amendment prevents the basis of discriminating against the idea. This is a question of the judge saving the constitution, the ravages of the lefties in the california legislature. Stuart the left will know you be encouraged to picket the private homes of lawmakers. Im sure it will go the other way around. Stuart it wont go the other way around. The right doesnt picket the private homes of people they disagree with. Thats what the lefties are worried about. But its typically the left. I will applaud the legislature when they vote to secede from the union. [laughter] judge, your time is up. See you later. Stuart well see you at the 1 11 00 hour. We have a video. A small plane crash. You can see the explosion after that, theres the vo. What happened. Ashley a small plane, husband and wife, three teenagers on board actually hit two houses in this residential neighborhood of riverside, california about 50 miles east of l. A. They had been competing, the teenagers, in a cheerleading competition in disneyland in anaheim, were flying back to san jose, ran into trouble. Amazingly two survived the crash, five on board, two di injured, three died. Stuart thats a dreadful tragedy. Ashley awful. Stuart dreadful tragedy. Troubling video weve got from the arizonamexico border. A huge hole cut in the border fence, cars and trucks, there you go, speeding right lieu it. Crossing into our country illegally. Yes, were on it and wait till i tell you that that doorway, that gate was actually on a hinge. To be opened for the convenience of the illegals. What kind of a hinge . Made in america, probably. Made in china, probably. President trump meeting in the white house, trying to revive the inner cities. All anyone is talking about is Kellyanne Conway putting her feet on the couch. Not the africanamerican lawmakers and colleges, oh, no. That picture next. Senator bill cassidy republican louisiana opens a town hall opened with a prayer and protesters shout is down. And dont forget President Trump laying out his agenda tomorrow night, 9 p. M. Eastern, watch it here on the fox business network. Well be back. 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Every business is different. But every one of those businesses will need legal help as they age and grow. Whether it be help starting your business, vendor contracts or employment agreements. Legalzooms network of attorneys can help you every step of the way so you can focus on what you do. Well handle the legal stuff that comes up along the way. Legalzoom. Legal help is here. Some stocks are opening way down. Tenet health care, apparently is this drop anything to do with obamacare . Were on the story and well cover it for you. How about costco . Theres one analyst who thinks that the company will raise membership fees. Costco, im not sure how its going to be open, down a fraction, but thats an important story, well cover that for you at the opening of the market 15 minutes from now. Here is the amazon story of the day, another good one. Theyre developing advanced Voice Recognition technology for the echo personal assistance, the alexa. Liz yeah, thats right. Stuart whats going on with this. Liz it will let you for the first time recognizing your voice, voice i. D. No other device has this. It would stop your kids from ordering pizza, starting the car, turning on the oven via alexa. Amazon now has 10,000 apps on the alexa. That was only a thousand last june and now 10,000 things you can do with your alexa. Stuart extraordinary. Thats a good move because the kids could get in there and do all kinds of havoc. Ashley fiendish kids. [laughter] from the voice of experience. Its a big night tonight. President trump is going to address a joint session of congress, first time hes done that. Come on in, please, senator bill cassin, republican from louisiana on the joint economic committee. Senator, i put it to you, your party is split. Youve got the house, youve got the senate, youve got the white house, youre divided. Our viewers are saying, please, republicans, dont blow it. Can you offer assurance . Stuart, i think we could fabulously succeed. Whatever there are ideas you want them vetted and dont want knee jerk anything. Were coming to common ground, coalescing and i think its healthy. Stuart can you promise i know you cant guarantee, but can you promise to give your best effort to getting Obamacare Repealed and replaced and getting a tax cut in place before the august recess . Can you do that . You know, i dont know if before the august recess is necessary for the tax reform. I just say that because its better to get it right than to get it early. On the other hand if we get into the next year, then we will succeed. Our economy will grow more rapidly if were successful both at Obamacare Repealreplace and tax reform. Again, more important to get it right than early. Stuart a lot of our viewers, investors, are very worried if you put off tax reform until next year, this market rally probably doesnt last. But on the one, i think well get it done this year, but i think were not talking so much about a market rally as about longterm sustained growth. If we had a pattern of longterm sustained growth, not only does the market do better, but the average family does better and that should be our goal. Stuart you recently held a town hall and angry protesters disrupted the opening prayer. I want to play that, i want our viewers to see this. Roll tape. Prayer . Were done pray in jesus name [crowd yelling] senator, theres some allegation that these are professional, paid protesters, they come from other places. Do you know who these people were . I dont know that, new orleans is a big city, theres no way i could know. I will say there are those there who disagree with me and disagree with President Trump and wanted others to hear my response. On the other hand there are one or two who clearly only wanted to yell everyone down. And im struck, those for intolerance are incredibly intolerant themselves. Stuart youll do more town halls . We had six this break, there were two and how many were disrupted, how many of the ones youve done . How many of the im still here. How many of the town halls that youve already done were actually disrupted . Im sorry, i think we lost the we do. Liz stuart, your point is well taken, its this one was its called indivisible and we have an audiotape of people who were going to protest at the event, if you get a sympathetic question its okay if its blocked from us sitting in the meeting and raising their hands at every moment and disrupting that. Stuart thank you, liz, appreciate it. A very ambitious plan from elon musk, he wants to put two civilians in spacex rocket and send them around the moon. Were on that afternoon this. See you on the dark side of the moon where to get in. Where to get out. If only the signs were as obvious when you trade. 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Two people unnamed, wealthy individuals already placed deposits. Theyre to go in late 2018. So, ash. Ashley yeah. Stuart we dont know how much they spent for this. Ashley no, a pretty penny though. Stuart do we know if theres going to be any training. Ashley theyre not going to be astronauts. It will be autonomous. You dont need trained astronauts on board. There will be training to get used to weightlessness. There are no astronauts. Goes out, a long loop around the moon and that sounds simple. Enjoy the ride. Stuart what do you have to do . Dont freak out. Stuart youre a big fan of elon musk. I love elon musk, besides sharing the same birthday, and the guy is a dreamer, but makes it reality. Stuart do you think it has anything to do with tesla. He runs tesla. Does tesla respond to this . And how much after move tesla, its not only a car company, its a tech company. Liz stuart, would you go on it . Yes. Liz you would . I would. Liz i can think of a number of people youd like to put on that. Stuart theyre coming back. Wouldnt you go. Liz no. Stuart ash. Ashley id love it, im in. Stuart chance of a lifetime, okay, were running up to the opening bell on the stock market. This is going another of those hey gary, what are you doing . Oh hey john, im connecting our brains so we can share our amazing trading knowledge. Thats a great idea, but why dont you just go to thinkorswims chat rooms where you can share strategies, ideas, even actual trades with market professionals and thousands of other traders . I know. Your brain told my brain before you told my face. Mmm, blueberry . Tap into the knowledge of other traders on thinkorswim. Only at td ameritrade. Im laughing with my colleague Ashley Webster because we are fired up today. Ashley yes . Stuart look at this thing go, bang 9 30 eastern time. Were off and running. We closed at the 12th record consecutive high. Some people are expecting a huge pullback. Thats not happening. Were down 12 points, still way above 20,800. Lefthand side of the screen. A mixed market, a lot of red there, but still down only 20odd points for the dow industrial average after the first 30 seconds worth of business. The opening trend slightly lower. Im going to bring you a couple of stocks which really are way, way down. Taking it on the chin big time. First of all, we have target. They say their sales actually fell. Thats very important. Its not that their sales moved up less than expected, no. Sales absolutely fell, and when they looked at the future, they say sales are going to keep on falling. This is our retail ice age theme rit large at target this morning. Nearly 14 down. A very similar story, as far as the stock is concerned, at tenet health care, that stock is way, way down, i think about 12 in the very, very early going. Is this something to do with obamacare . The dismantling of which is now being discussed in washington d. C. . Mae. Its down 12 , thats a he

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