Transcripts For FBC Varney Company 20170505 : vimarsana.com

FBC Varney Company May 5, 2017

Well explain it. And the fcc tells fox business hes not over looking Stephen Colberts rant against President Trump. Varney company is about to begin. Hey, hey, goodbye well, those were democrats taunting, i think you can hear it, right . Remember that song, na, na, hey, hey, hey, goodbye. They were taunting republicans with that after the obamacare replacement bill passed implying theyll lose their seats next yearment, but the republica republicans here is senator rand paul, roll tape. This will be the first time that republicans have affirmatively put their stamp of approval on a program where federal money, taxpayer money is paid to insurance companies, im frankly not excited about subsidizing the profits of insurance companies. It sounds like youd be a no vote. It would take work to get me to a yes vote. Charles right now i want to go to the jobs report and bring in market watcher John Layfield. The last three of four beats have been solid numbers. Whats your assessment. I agree with what you said earlier, the u4 number went from 9. 4 to 8. 6 now, thats a phenomenal gain. We are adding jobs. But i dont want to pour cold water on this, but you had to put this a little in perspective. Economists say 5 is full Unemployment Rate right now, if that is true we shunned shouldnt be at 3 or 4 gdp. I think we lost about 8 Million Manufacturing jobs to robotics. Were starting to have growth being created in Tech Companies without a lot of employeesment like you use today see with u. S. Steel and places like cocaco cocacola. Its a great jobs number, but the jobs created since the recession were not as good as they replaced. Charles to your earlier number. U6 number, most people think its the real unemployment number and theres room to improve and widen the job base. As far as the good paying jobs, thats the crux of it all, john, i will agree with you. Mining added 9,000, in fact, 44,000 jobs since october so were seeing a key area come back. What do you think is missing then . Are you saying that were in some sort of a shift, a paradigm shift where job creation as we knew it in the past is impossible . No, i dont think its impossible. You have hightech manufacturing thats coming back and things like elon must musk with the giga factory and the Tech Companies. The problem that you have is a paradigm shift, especially in the Tech Companies. Youre creating billions of wealth with a fraction of employees that used to create a billion dollars worth of wealth from. Theres a shift and scares me a lot, going forward, the selfdriving cars, youre going to take a lot of drivers off the roads in the next couple of years, weve got to find way to replace that. I dont want to be debby downer on this jobs report, its great and the consumer is 70 of gdp and youre going to start to see wage growth going up because of the fact that were getting closer to full unemployment, whatever that true number is, and thats a good thing. To your point, i think its like 35 states where Truck Drivers are the number one jobs. But that will still be five to ten years away. John, i want to ask you, speaking of things scaring things. Whats happening in commodities, oil at a fivemonth low, scaring people as a proxy for the global economy. Are you worried about this . No, im not. I think theres a range that oil is going to be in. You have west texas shale in the bakken shale that can come online so fast. Saudi arabia is no longer the swing producer in this. They know longer have the power because they each have that cushion of two to three Million Barrels of oil they can bring on market. You see that now in west texas. When oil goes up, the west Texas Oil Wells will come online quickly. You have a ceiling on oil prices, but i think you you have a base on this as well. I think were mainly in a trading range with oil right now. Maria ive. Charles ive got ten seconds left. Will gas prices come down . Its not a debby dro yby dow youre creating jobs for america i just wish they were better jobs. Charles in fact, you need to stay there because well get back to health care for the moment Hillary Clinton tweeting, shameful policy and morali on behalf of the millions of families tt will be hurt by your actions and she included a link to donate to democrats in swing districts and want to say come in, tammy bruce. Shes not the only one. Charles i saw people to go against darrell issa. There are republicans in districts who are now obviously targets. Hillary majority in the election was all in california and they know in california they might have some room to move the needle. This highlights how hypocritical and craven they are and really what theyve done has been their majority, their power, their money. While with obamacare they destroyed our access to health care. People may have had Health Insurance, but we know, and this is when theyre singing, you know, na, na, na goodbye. Theyre thinking that americans didnt like a big thing to happen. What we didnt like was the fact that they lied to us and they ruined our health care. Thats what impacted the democrats. Their reaction to what the republicans are doing are like an arsonist laughing at firefighters as were trying to put out the fire. So, this is what the democrats still dont understand. That americans every day experience the scourge of obamacare and anything that the republicans do in this tight spot as youre putting out that fire is going to make everybodys lives better. Charles it is a tight spot though, 217 votes, just one above what you needed, still not sure whats going to happen in the senate. Right. Charles talking about putting together their own bill so it shows you how delicate this is. This is it the way that this moves. They knew they needed to get something moving because this is collapsing. You have more Health Insurance companies saying theyre getting out of the markets so republicans realize they need to move quickly because the health is going to fall down and theyre working to shore it up. Its enough to get it done to move it forward and the senate will do their own bill and goes to reconciliation. This is where the dividual out there who want their insurance, want their health care back need to start dialing phones and be active in this process so the senate knows that our daily experience matters and that we care about what they do. Charles and sometimes police blame firemen when the house burns to the ground even if they set the fire smoking in the bed. This is where communications with the white house matters and the communication of republicans, explaining whats going on. And President Trump did a great job explaining. And the senate if they think theyre going to change it or not pass anything at all. They are at the ones, the republicans, who cant allow americans to get crushed by the collapse of obamacare. Charles all right, tammy, stay right there later. Now to this, just over 2,000 refugees admitted in march, a fouryear low. Coming in, but a slower rate. Liz theyre coming in 2070 and lowest in years. And democrats and five republican sent a letter to Rex Tillerson secretary of state and Homeland Security secretary saying why is it so low . Theres a fight in the courts, is there a moratorium in the administration to slow down refugees . Annualized coming in at 32,000. And President Trump says he only wants 50,000 coming in and president obama wanted 110,000 this year. And now the congressmen and senators are asking why. Charles weve seen a 70 decline border crossings. Liz a different issues, theyre refugees. Charles and that they may not want to its a great question, but an implemented policy that hasnt been okayed yet. Liz yeah, yes, an unspoken policy. I think the. The larger would be if obama is implementing to do it. Charles en and President Trump signed a bill on religious liberty. Hes going to visit the pope and israel and saudi arabia. And later, first on fox, President Trumps chief Economic Advisor, gary cohn, his thoughts on the gdp, tax reform and will the president break up big banks. A travel nightmare, this time a father threatened with jail time because he wouldnt give up his sons seat in an overbooked flight. Well play you the sound bite, more varney next. Why pause a spontaneous moment . Cialis for daily use treats ed and the urinary symptoms of bph. Tell your doctor about your 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 this may cause an unsafe drop in blood pressure. Do not drink alcohol in excess. To avoid longterm injury, get medical help right away for an erection lasting more than four hours. 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Super poligrip free made even the kiwi an enjoyable experience try super poligrip free dont forget, of course, the price of gold. 1230, up a buck 50. Watch out boeing and airbus, china is making jets. Youve got the details, emack. Liz what happens here, china is basically working with ge and honeywell to develop the jets. This is a Big Development for basically aerodynamics and airplane industry for china. It looks like a solid win for them and how many u. S. Manufacturers are helping. Charles i hope no xm money is on there. Dont let xm help foreign competitors, boeing is our number one exporter out there. It would be nuts to give china any kind of edge in that. Liz good point. Charles by the way, i would never fly a chinese made plane, but sometimes you dont know, right . President trump marks a national day of prayer and signs an executive order on religious freedom. Joining us is the author of the book, no fear. Tony perkins, welcome to the show. Good morning, charles, how are you. Charles im great. It was a great day yesterday. In fact, you were there for the signing. I was. It was a very significant day. A national day of prayer and this on obamacare. And essentially obama declared open season on christians and other people of faith in this country is coming to an end. Thats a good thing. Charles it is a good thing. Tony, do you think with a president not afraid to talk about faith, not afraid to talk about god and he starts speeches more recently, were all children of god, is that going to turn the slide in america sort of away from belief in god and certainly away from religious organizations and the church . I think what it does, charles, he opens the door for a cultural shift, not necessarily driven by the president , but by the being open speaking about god and faith in the Public Square and theyll pursue policies that protect and vigorously promote religious freedom and empower christians and other people of faith to live out their faith, which is what the founders envisioneds with a the freedom of religion, the ability to live your life according to your faith. Charles right. Charles, thats the secret to americas greatness and succeed. Charles i agree, but the atheists are the only ones fighting for the last years and winning. And you told stuart that President Trump should meet with the pope. We are going to play that tape. Well, theres nothing traditional about this president. Hes doing things his way and he didnt ask me about it, but if he asked me i would encourage him to visit with the pope. I understand his reluctance given their policy differences and the history of the Vatican Press Office Putting their spin on stories. Charles you were right, the president will indeed meet with the pope and go to saudi arabia and israel as well. What are your thoughts now . Well, i was actually at the white house earlier this week and talking with some of his staff and they were surprised when he said, yeah, im going to meet with the pope. I hope in this conversation, the pope talked about persecuted christians. I hope they have a discussion about isis and the threat in the middle east and how together much like Ronald Reagan did with pope john paul, come together to defeat this evil and protect religious freedom around the world. The pope has been on that issue and the president is on the issue and im excited about the fact that theyll meet together and i hope something positive will come out of it. Charles tony perkins, thank you very much. Have a great weekend. Charles you, too. And more airline outrage, a father and his family booted from a delta flight because he wouldnt give up a seat he paid for on an overbooked flight. He was even threatened with jail time. Thats next. Can i get some help. Watch his head. Im so happy. Whatever they went through, they went through together. Welcome guys. Life well planned. See what a Raymond James Financial Advisor can do for you. 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. Switch and you could save 509 on auto insurance. Call for a free quote today. Liberty stands with you™ Liberty Mutual insurance. And they can remove me off the plane . You and your wife and your kids. Wait, so, were going to be in jail and my wife i bought that seat. That was just part of an exchange between a dad whose family was booted from an overbooked delta flight. Liz yeah, he bought the seat. He said, listen, we just came off a red eye flight and coming from hawaii headed home to california and the twoyearold he said would not sleep unless hes in the car seat in that seat which he paid for. This person, whoever that attendant or official was, or individual, said your wife is going to jail, youre going to jail and theyll take your kids away from you. He agreed to hold the toddler in his lap, but they kicked him off anyway and he had to spend 2,000 on another flight he and his wife and apparently had to go to a hotel room. Delta is apologizing, however, this family is saying that a delta gate agent approved their plan to use the car seat in the seat and they paid for it. And by the way the woman who says it was against the rule, the recent it probably was approved. F. A. A. Actually encouraging families to bring on car seats. So, its absolutely not against the rule, et cetera encouraged. Liz its inhumane how they treated the family. Its remarkable, we all have rules. This is epitome of a Customer Service industry, youre moving people around and yet its now so large that people are really hamsters in the wheel. He said when he was getting off the plane, there were like four people waiting to try to get seats and it just seemed like theres no conscienceness at all about the humanity on the plan. Richard branson said Something Interesting when Companies Get too big, this is why he has separate companies for his airline. U. K. , australia, so that you have separate ceos, its not too big. Its like the government you dont lose sight of the have i. Charles went too small, too few competitors, they have airlines that park the planes and seats are smaller. They charge us for bags and everything. Liz charge us for oxygen, kidding. Charles theyve gone in my mind its a meltdown of an entire industry before our eyes. Charles it is. The market futures guys, its something of a mixed bag. The dow is probably going to open slightly lower, but nasdaq picking upstream here and so is the s p 500, again, dont we sort of think this may not be an eventful session. I think its going to be eventful and sets up monday, also, depending on the French Election outcome we could have a huge back to back session or 200 points on monday. And stay with us, weve got news and gary cohn next. Thanks for doing this, dad. So i thought it might be time to talk about a financial strategy. You mean pay him back . So lets Start Talking about your longterm goals. Knowing your future is about more than just you. Its how edward jones makes sense of investing. At angies list, we believe there are certain things you can count on, like what goes down doesnt always come back up. [ toilet flushes ] so when you need a plumber, you can count on us to help you find the right person for the job. 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