Transcripts For FBC Varney Company 20170301 : vimarsana.com

FBC Varney Company March 1, 2017

The dow is closing in on 21 is,000. Youll see aain of 71 at the opening bell and you might see 21,000. Lets be clear, its a high stakes speech. The president had some stumbles and the left piled on contempt. Last night he was upbeat, boston and very much in command and the crowd for the most part liked it. Case in point, President Trump and first lady melania. The first lady of the United States. [applause] that was a good start. And now the moment of the night, thats what many people are calling it, even lefty pundits admit it was inspiring. President trump acknowledging the widow of Fallen Navy Seal ryan owens. Were blessed to be joined tonight by corrine owens, the widow of chief operator william ryan owens. Ryan died as he lived, a warrior and a hero, ryans legacy is etched into eternity. Thank you. [applaus [applause] it was brilliant political theater and the market clearly loves it. The trump rally, as i said, has come roaring back. It took a brief pause, but its back this time. We wilbe close to 21,000 on the dow a few minutes from now. Ash, liz, theres no doubt in my mind, its the speech thats created this rally. Ashley absolutely. Liz the market feel, about unity and optimism. He didnt go after the fake media and there wasnt a polarizing campaign rhetoric. Dow 21 fir,000. It crossed 19,000 in november. Stuart 20,000 a couple of weeks later and march the 1st you could hit 21,000. Ashley it wouldnt be on the front page of the new york times. It wasnt negative last night, it was a very positive, pro growth speech. A little short on details, you wouldnt expect details, but it was, dare i say, president ial. Stuart look at this, 26 minutes to the opening bell. Lets turn away from money and go to the political angle, the republicans have a plan for the partial repeal of obamacare. That may be in trouble. Senators rand paul, ted cruz, mike lee, they want a full repeal of obamacare, theres a difference between the two sides here. Senator rand paul joins us. Welcome to the program. Good to see you. Good morning. Stuart the issue now is surely the willingness of the two sides to compromise on obamacare reform and repeal and replacement. Are you willing to give an inch . Well, i think it depends on which two sides youre talking about. If youre talking about compromise with the democrats, i dont think that any of them are coming on board to repeal, its going to be all republicans. We did compromise about a year ago and we came together and voted for about as complete a repeal as you can kind of get under the rules that we have to deal with. So we were unified, every republican save one in the senate voted for this repeal and i think every republican in the house voted for it, so the simple way to get this done, we get this done today, we can get this done next week, we can repe it,ut forward what we already voted on, vote for it and we will be done with it. Stuart there will have to be some compromise, speaker ryans plan and there must be compromise. Are you willing to compromise . But here is what people dont quite understand. They dont have to be in the same package. So, for example, some of the replacement, in fact, many of the replacement ideas that i have are in a separate bill thats separate from repeal. So, if you want to get this done and ive told the president this, the vicepresident this, told everybody at the white house this, you want to get it done, vote on what weve already voted on, and vote on replacement separately and we can have a debate over what goes into replacement, but the thing is, repeal needs to be complete repeal because if you do partial repeal, i think the situation gets worse. And if the Insurance Companies, they will go bankrupt under partial repeal. Stuart okay, if you get agreement on repeal outright, will you compromise on the details of its replacement . The replacement has always been open to discussion. What i did, i took together the market replacement not Big Government replacement. So paul ryans idea hes going to give everybody a check in the country for their Health Insurance whether they pay taxes or not, hes going to give them more money than they pay on their taxes is an Entitlement Program. The obamacare with a republican tax credit name attached to it. Its a problem and im against that. Its not a conservative notion so i will fight that and i think the people that elected me, i think that conservatives across the country do not want obamacare light or an Entitlement Program. Im not backing down from that. There are not enough vote to pass ryans bill. What he wants with refundable tax credits and a tax on health care, we are not the party that wants to tax health care. So they want to say, if you spend who are than a certain amount on your Health Insurance, theyre going to tax it, thats not a conservative idea and you dp to any grass roots lincoln day dinner or Tea Party Event theyll tell you they dont want taxes on Health Insurance. Stuart im reading that as no compromise, but depends on im sorry, i have to read it that way. Thats not what our viewers want to hear, senator. Our viewers want thithin wrapped up fast, so we can move on to tax if its not. It can be. If theres not compromise, didnt do it. Weve voted on repeal. Stuart thats repeal, youve got to compromise on replacement, youre telling me you wont. Here is what you dont understand. To get replacement is going to require 60 votes and compromise from democrats. Its a whole other bailiwick were talking about. Repeal, we promised, we need to do repeal by republicans, weve voted on it once, lets do it again. Replacement, there will be several votes on what people want for replacement. So, the compromise will come by voting on different aspects individually and having open amendment process. What we dont want, what we dont want it comes shoved to us as were going to take this new Entitlement Program or nothing, i dont accept that, conservatives dont accept that. Were not voting for something shoved down our throats that includes a new Entitlement Program and that i promise you and ive laid down a marker. And this needs to be done before we go to the floor. Stuart those of us who want a tax cut, dont want to hear that. Always obliged. Thank you. Thank you. Stuart an interesting story about yooutube, theyre launching their own tv streaming service. I think thats going to change the way we watch tv. Liz in a big way, way cheaper, for 35 a month, you get 40 Broadcasting Cable channels, disney, nat geo, the fox channels, e channel, its in limited markets in l. A. , philadelphia and boy, theyre pushing hard on the movement skinny bundles, cheaper bundles, what a play that is. Its disrupting. Stuart streaming, its disrupting big time. By the way, alphabet, thats google, Parent Company of youtube, put the stock up there. By the way, if youre just joining us, youre going to see a whooping great big rally, lets move on. A new executive order on travel is coming and here is whats new about it, if you already have a visa, youre exempt, you are in. Iraq has been removed from the list of countries, the original seven, now its six. Minus iraq. Napolitano is here, the judge. Is a of that enough to get the new executive order when it comes past the 9th Circuit Court of appeals . Probably not. These changes are welcome because the law already is a visa once given, cant be taken away, absent fault on part of the recipient. And the drafters of the original regulation forgot that so they attempted to nullify the department of Homeland Security attempted to nullify that on saturday night. Whats the objection then . If you let the visa people the 9th circuit people in my view have imposed burdens on the president which should not be imposed upon him to justify his choice of these countries and to demonstrate the reasons for the choice. I dont know why they removed iraq. They have a study from the Obama Administration naming the seven countries and they have their own reason for the seven countries. Its now down to six. Here is one thing that donald trump is complaining about and has a reason to complain. The intelligence says that theres no more danger, and that was leaked and to sort of undermined support for it. I know what they did, the drafters, they took the five opinions written against this and made a checklist, accommodate this, accommodate this, accommodate this. I havent seen the new order, john roberts report coming out on friday, but i believe theyve done their best to accommodate these things to try to make it bulletproof, but you know, very well, how litigious our society is, there will be a challenge and hopefully not big enough to drive a truck through the challenge. Stuart i dont like the sound of this. President trump last night called for a meritbased immigration system. Lets listen for a second. Switching away from the Current System olower skilled immigration and instead adopting a meritbased system we will have so many more benefits, it will save countless dollars, raise workers rages and weapon struggling families, including immigrant families enter the middle class and they will do it quickly and they will be very, very happy indeed. Stuart meritbased immigration. Does the law or constitution say anything against that . The statute would have to be rewritten. This is nixon going to china, instead of a fist, this is open arms, president ial on the part of donald trump, suggesting ways for people to come here legally on the basis of the value they would bring and the value they would see as family units. The law is not written that way at the present time. Stuart but it can be . Absolutely, i think a lot of democrats would go along with it. I think its a popular suggestion that he made last night, very president ial. Stuart he opened the door to who we want or we choose who we want. Whats wrong with that. Nothing. The last time we made trying to get me to disagree . [laughter] the last time we made a change of this magnitude was 1965 and went the other way, strictly to quotas. They can write a meritbased system and i think it would pass quickly and happily, even you, old curmudgeon, would be happy. [laughter] on a meritbased system. Would they have let me in . [laughter] a good question. Stuartmaybe. Judge, seriously, thanks very much. Ive got to run because ive got a big show for everybody. Lets detail with the retail ice age. The stock, best buy, weak holiday sales, down nearly 3 at the opening bell. Look at amazon, a glitch in their Web Hosting Software caused tens of thousands of websites to crash. Well tell you what happened. The stock though is going to go up this morning. Liberal craziness in new york city. Tourism Officials Say they expect fewer foreign travelers coming to the city this year and theyre blaming President Trump. Not the strong dollar, certainly not, no, its trump. Laughable. Tough talk on immigration from President Trump, he says construction of a great, great wall will begin soon. What a show we have youre my favorite mistake okay. Fox Business Beat cnbc in february. Thats five months in a row that weve beaten the competition. So, why you might ask, are we playing my favorite mistake, thats the name of the song . Because of this, cnbcs website posted the story of our victory. No hiding the cold hard facts. Thank you, our viewers, were very grateful for that, thank you one and all. [laughter] next case, that didnt last long. Macys completed the sale of one property downtown minneapolis. This is the retail ice age, one property, a lot more to go. Well bring you uptodate on the retail ice age. Theres news on that. The arts and crafts marketplace, etsy, some call it chachki central, posted Strong Revenue growth, but the stock is down 3 1 2 . Check this out. A glitch in amazons servers caused a massive internet outage. Ash, how many did it affect and how long did it last . Hundreds of thousands of websites, four hours a little after noon and wasnt resolved until after 4 30. This is nothing to do with the onhine businesses, lets put that aside. Amazon web services, it has by some estimates, 31 of all Global Cloud Services and some say, it really is a bit of a house of cards. If one thing goes, others go. There was a string of errors in Northern Virginia where the pipes and tubes come, that break down yesterday, a big site there. How big amazon is in the Cloud Computing business. Stuart huge. To use Donald Trumps phrase. Huge. Weve got Ford Motor Company sales just in. What have we got . Connell overall sales down, and ford pressure at the open. Not hitting the stock just yet. Were tracking that, breaking news on ford. Theyre bringing you wt sales are. Stuart year over year, 4 down, not good id say. President trump in his address last night says america will encores its immigration laws and build that wall on the southern border, listen to this. We want all americans to succeed, but that cant happen in an environment of lawless chaos. We must restore integrity and the rule of law at our borders. For that reason, we will soon begin the construction of a great, great wall along our southern border. Stuart all right. Joining us now, senator tom till list, republican in north carolina. I know that you recently toured the border area. I think of you as an establishment republican. Forgive me for saying that, senator. Thats the way i think of you. Having visited the border and coming from your background as an establishment kind of guy, are you gungho on building that wall . Im gungho on securing the border, and if we dont get policy are you gungho on building the wall. Do you need to add 20 feet to a sheer cliff. Is there another way through reconnaissance and surveillance . Walls work by the way, walls are working in california and going to work in other segments, what we need to do is create a layered capability that the Border Patrol thinks will secure the border, i think theres a way to do it and achieve the president s objectives i with i support. Stuart the ball is very much in the republicanrepublicans c the president said you guys come on. Its up to the republicans to compromise and Reach Agreement on the key issues of the day. The ball is in your court. You have to compromise, dont you . You absolutely do. And by the way, i think with a meritbased immigration system even youve got a shot at getting into the country. [laughter]. Stuart to you, senator. Honestly, stuart, if you think about balanced immigration policy its a lot like balanced trade policy. Its always being sure that it sits well with our economic objectives here and making sure the American Worker is protected and i think if we go about it that way, youre absolutely right, its on congress to put together a sensible bill that will solve a problem thats existed for years and a failure of both republican and democrat administrations and congresses. Im here to solve the problem and quite honestly, youre going to have to have an antiestablishment approach to get it done. This is going to require people getting in a room and working out differences and solving this problem and i, for one, want to do that. Stuart senator rand paul on this problem says hes not compromising on his principles and when it comes to obamacare, no compromise from him. Look at it this way, if we dont come up with a solution to the Affordable Care act debacle, then americans are going to suffer. This is a burning platform. We dont have the option of waiting for perfect. There are a number of things we can do that can avert a crisis thats going to occur in the individual market over the next year or so, so i, for one, am acceptable to good if not perfect. Stuart thank you for joining us, sir. Im going to segue to the socket because weve got a riproaring rally on our hands after the president s speech. Please, everybody, keep your eye on what the futures are doing, a bug in the bottom righthand corner of your screens. The moment were looking for a gain of about 180 points. That would take us right up, right on the edge of 21,000. How about that . Who would have thought . And then we have ubers ceo caught on camera insulting one of his drivers. Now he says he needs, quote, leadership help. Youll hear the expletivelaced rant next. Your insurance on time. Tap one little bumper, and up go your rates. What good is having insurance if you get punished for using it . News flash nobodys perfect. For drivers with accident forgiveness, Liberty Mutual wont raise your rates due to your first accident. And if you do have an accident, our claims centers are available to assist you 24 7. Call for a free quote today. Libey stands with you™ lirty Mutual Insurance you know, this is emerging as a story of the day, the trump rally comes roaring back. Will you look at that . Were going to be up at least 180 points at the opening bell. That, by the way, would carry us right up to 21,000 on the dow industrials. Right from the opening bell this wednesday, march the 1st. How about that . And now look at this, travis gallnic. You dropped the prices, started with 20. How much is the mile now, 275 . Now what . What . Some people dont like to take responsibility for their own they blame everything in their life on someone else. And good luck . Strt right, ts another case, something wagely related here, the ceo of snap, 24 hours before his Company Goes Public, no word on whether he will show up at the New York Stock Exchange when his Company Goes Public and he becomes a billionaire. Liz peek is with us from the fiscal times. Do you want to make any broadbased point about these young geniuses, billionaires, occasionally out of control and often rather period . Id lik

© 2025 Vimarsana