Transcripts For FBC Varney Company 20170509 : vimarsana.com

FBC Varney Company May 9, 2017

Consumer product stocks, and travel, and a number of industries, the only competition is from each other and investigators are giving them the benefit of the doubt for now. As far as the comparisons to 1973, the nifty fifty stocks, when i say when it comes to the tech stocks, its not even 1970. Varney company, weve got a lot to do. Were about to begin. When you look at paris, you know, whats right about this issue is making sure that we have International Discussion with respect to how good a job were doing across the globe with respecting our co footprint. And what is wrong is a bad business deal for this company. It causes a contraction to our economy when were leading already in reducing our co 2 footprint. He says that the paris deal is bad for the u. S. And theyll be meeting with the ite house and ivanka trump and shes made it one of her signature issues. Youre a donald trump guy. The president s base wont be happy, obviously, if he doesnt pull the plug on the paris agreement. What do you think . Right. Charles, the base wont be happy and i wont be happy, frankly. Number one, its a promise from the campaign trail. This was just a terrible deal. Administrator pruitt, is exactly right. This is an america second strategy. It represents the kind of globalism and the kind of poor negotiating that unfortunately has mashed american policy during the last administration and one nugget from a terrible paris accord. We have to reduce our emissions by 2025, which isnt far off by 25 . Thats a massive change to our economy and life style. The chinese, by far the largest polluter in the world, how much do they refuse . Nothing until 2030. Its a terrible agreement. Rip it up, ignore it. Liz steve, that gas is helping drive down those emissions to lows not seen in 25 years. But what do you make of exxonmobil, bp, shell. They want to stay in the deal and so does peabody, the coal company because they say they will be an in better position to compete globally by being at the table. Ivankas paint, too. And that favors what i look at harmful emissions. I dont think its about the environment. I think its green policy as an excuse to get control of business and particularly entrepreneurial business. Big energy will do fine under this and similar agreements. Its particularly shale production, so beneficial to the United States the last decade. The only job creation engine of much of this recovery was American Energy. Those are the producers and those are the jobs that will be harmed. Look, america is blessed. We have enough crude oil, natural gas and coal to our us, our economy throughout our lives, throughout our childrens lives until we finally reach what will be credible alternative energy sources. Theyre not there yet. Well get there some day. I have no doubt. But until we do, we need to harness the gift of American Energy that we have. I will say its interesting to watch the last several years americans have come to believe in Global Warming and accept this Climate Change deal. So ivanka going in there involved with popular opinion, not the base, but her sway is whats happening in the trend is going to make for an interesting showdown there. Steve, i want you to stay right there. We will look at the dow futures, the mark eking out a gain there and amazon is set to announce a new echo and this will have a video screen. Apple fell shy of being the First Company to close with the market cap of 800 billion and emack, shares are up 28 already this year. Liz theyve added an equivalent or pfizer or ge since the election. What will make apple a 1 trillion, to pop it, they have be 173. If youre an apple shareholder youre happy. What is going to do it . They need to invest in something thats going to pop it higher. Is it r d . Theyre not investing as muches a google. How they deploy the cash to grow higher. If theyre growing 6 theyre a trillion Dollar Company by 2021. How do they move the bar closer, is by investing in r yn dachlt. I dont know if its the apple car, but the big hit on theres pressure on apple to make a major acquisition, netflix or even tesla has been thrown up there. Bill gates sounding optimistic on the economy. Roll tape. The u. S. Economy is doing well and the innovation in the u. S. Is doing well. I think this is a period where the u. S. Formula looks great. All right, back to you, steve cortez. You know what . Politics aside, almost eryone who economics is coming to the same conclusion. U know, youve got this amazing surge and optimism which is now manifesting into reality. Were starting to see it, whether its corporate earnings or other data streams. I think youre right, charles. To be fair, even though im a trump partisan, i will admit and concede that corporate earnings were starting to improve into the election and those of us cant take all the credit. However, i think we can take credit that i think so this have accelerated since the election, so i think the optimism is palpable and i love to hear one of the most successful capitalists that he likes the American Economy right now i think once we get the tax package through and i think we will this summer, this economy is ready to roar. Instead of financial engineering, i think investments in plants and people, technology, which has been stagnant, well get back to the 1980s and 90s and grow worthy of america. That clip being 4 or 5 . Exactly. I think we can get there and i hear the naysayers telling the reasons why we cant, were too mature an economy. In the 1980s, woo we were a pretty mature economy. We grew 7 under the reagan economy, and i dont know 7, but its not only good for our economy, but good for society. One of the reasons we have so many problems, a decade of incredibly slow growth and sluggish economy. Politically, economically. Fast growth can solve problem. The same tide lifts all boats on the economic spectrum. 3, 4, . Lets get it done. And sally yates and ted cruz get into a heated debate or the moratorium. Are you familiar with section 1182, the binding Statutory Authority for the executive order that you refused to implement and led to your termination. Whenever the president finds the entry of any alien or any class of aliens into the United States would be detrimental to the interests of the United States, he may by proclamation and for such period he shall deem nessus spend the entry of all illions or any class of aliens as immigrants or nonimmigrants. But my condition was not ina concern, it rather, was a constitutional concern. All rise, judge Andrew Napolitano was here. That was one neck of an exchange they had. Senator cruz is probably the smartest person in the room with respect to the constitution and what was not seen in the clip was a statute that sally yates read, which was enacted after the one that senator cruz read which says the president can do it, but you he cant base it on religion, nationality or a set of beliefs. All right. And for better or for worse, all the courts that have enjoined President Trumps order, the trial courts and the one appellate court, the 9th circuit that ruled thus far have based it on his words as candidate trump with were so volatile and incendiary against muslims they have attributed it as a motivation for the issuance of the executive order so thats really what that debate was about yesterday. The effort, i think, of senator cruz to change the topic to her behavior was part of an effort on the part of the republicans to lets throw mud at her and she did quite well whether you agree with her politically or not. To your point she said the additional provision was based on race, nationality and place of birth. But also, senator john kennedy who appointed her to the Supreme Court, whether or not she had her job entitled her to her own interpretation of the constitution. It does when shes running the justice department. Really . And senator cornyn of texas who made the same criticism of her had read back to him by her his very words for her when she was up for confirmation number two in the justice department, if the president asks you something to do thats unconstitutional, will you . She said of course not, he said thank you, and he voted for her. Every lawyer has the right to exercise his or her own judgment as to whether or not the client, her the client is the president , is lawful or not. And that doesnt mean if you think it isnt, it doesnt get done. You dont do it. You pass it on to somebody else in the justice department. Instead of passing it on to everybody else to decide, she prohibited everybody else from deciding. And shes been vindicated so far. One heck of a thing to watch. It always helps when you come to explain it. Thanks. Well, your california story today, lawmakers may lift a decades old ban from communists work in jobs. [laughter] i thought they were already there. Stuart . [laughter] you cannot make this stuff up. A brawl breaks out at Fort Lauderdale airline. Spirit Airlines Cancels flights and this erupts. And this outrage, washington conservative columnist, gets suspended by the st. Louis post dispatch after writing a column n. R. A. Compared to isis. Shes here to tell her story next. Passengers were arrested after Spirit Airlines canceled flights in florida. Emack, youve got the details. Liz this has been going on for weeks. 300 Flights Canceled the past week. 20,000 passengers affected over the last week. And last night, nine flights were canceled. This erupted in a brawl between passengers and Beleaguered Airline workers. Spirit airlines are suing the Pilots Association saying an illegal work slowdown. There were multiple arrests and injuries there, it got nasty. This happened in the Fort Lauderdale Hollywood International airport last night. The Pilots Association is saying we are not doing a work stoppage. There are contract issues going on still. So, its a chaotic scene, brawling going on last night. You should know that United Airlines posted a record month with the fewe esest cancellatio 145 hours without a single cancellation, were at their mercy no matter what. Passengers miles up 7. 4 . Conservative columnist was suspended by the st. Louis post dispatch after she defended the National Rifle associations from comparisons to isis. And her is an excerpt from her opinion piece. This represents the opposing especially conservative views is an increasingly apparent deficit in the news reporting apparatus in our country. That columnist is Stacy Washington and joins us now. Thanks foroining us. Now, you were suspended by the newspaper. They said you were unpaid spokesperson for the n. R. A. And you decided to quit. Right . Absolutely, charles. So, this is something i had no qualms about after reading the emails of the suspension itself. I had no affiliation with the National Rifle association. It wasnt about the n. R. A. , it was about the editing and processes in news room to allow a Guest Opinion writer to compare isis and law abiding gunowning american citizens who happen to be members of the n. R. A. Or they may not. Not all gun owners are members of the n. R. A. So i talked a little about the n. R. A. , but the majority was the leftleaning news apparatus in the country so i was suspended. You were fighting two fights, the Second Amendment on this with un. And this requires introspection in news rooms across the country and intro speck tiffly they suspended me, they said i had a professional afailation with the n. R. A. That was undisclosed. As so many people know, ive been on this program, on yours, im an open Second Amendment supporter, im a veteran and my father is in Law Enforcement. My background is guns, guns, guns. Im a proud owner, but the piece isnt diminished, because knee being an n. R. A. Members doesnt change the fact that n. R. A. Members are know the like isis. Nothing would impune the fact that im a member of n. R. A. They knew your stance on n. R. A. And gun ownership, those sorts of things. What do you think made them take this drastic action all of a sudden . Well, i mean, so i was the only conservative opinion writer on the editorial page. Sometimes they could take syndicated columns like krauthammer and george will, i was the only local person. Often id write columns that would provoke comments on the facebook page. People have written me by hand, and liberals, sent insulting notes and they would mail them to the post dispatch and forward them to me and i think i was kind of a firestarter there in that theres so much left and not enough right opinionwise that it was always almost an insult just the fact that i was writing a column. But this piece, i talk about the dwindling subscription, you know, numbers, the circulation numbers being down for papers across the country and talk about confirmation bias. You know this, we look for news that expresses our views, but hard, straightup news should be neutral and and make choices. Thats all i was trying to say. You have a whole new fan base and you took a stand and i think youll be proven correct. Thank you. Thank you. The foreign minister says the government is losing control warning of a possible civil war. Scary, but realistic stuff. Were on it. You always pay 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. A former Government Official is warning a civil war in venezuela. Whats going on there. Liz hes the exspy chief under chavez. He was responsible for the 2014 crackdown to led to 43 people dead there. The question by the opposition, is this more of the same poison . Hes saying he wants to reset relations with the u. S. , that he could run for to lead venezuela. He was a pallbearer at chavezs 2013 funeral, but he is considered a long shot third way. Hes mistrusted by the opposition and venezuelans are saying were sick and tired whats going on now. 39 dead, hundreds jailed, hundreds more injured. So, by the way, he is close toed military. This former spy chief. Is he the answer . A lot of fighting over that right now. Charles it sounds like he could be venezuelas version of vladimir putin. Peter, this is the latest example of the failure of socialism. Its communism with a dictatorial government. Its reminiscent of bulgaria and romania. Ap venezuela is out by itself. The price of oil is too low to sustain the economy. Whats more, theyve wrecked the oil sector. So its what we have. I dont know how Bernie Sanders Bernie Sanders can be embracing socialism so dramatically and fothe democrats to view socialism as salvation, because they do. Youre a university professor. It never works in reality. I think they know it doesnt work and thats why they try so hard to silence voices like me and the lady at the st. Louis dispatch and so forth. Every conservative issue becomes symbolic of what is wrong with their ideas. Charles all right, peter, stay there. I want to check on the futures. It looks like all three major indices are set to open higher. We see it come through in the green each day and the dow the only of the big three not at record highs. The opening bell is moments away. At fidelity, trades are now just 4. 95. We cut the price of trades to give investors even more value. And at 4. 95, you can trade with a clear advantage. Fidelity, where smarter investors will always be. The opening bell about ten seconds away, guys. The s p and nasdaq at all time highs yesterday. And the late spurt helped the dow into the green column. The major indices have been on fire, an amazing, amazing run for the market and here we go. The green at the top led by apple, of course, walmart right behind them, pfizer, caterpillar, a nice mix of names at the top. Cisco so far in the dow bringing up the rear. The nasdaq at an alltime high. I think its up at least 14 for the year and again, crushing it big time 8 bucks out of this gate. And part of it is apple. Apple shares in record territory. An amazing move. Almost Everything Else was doing nothing and they went crazy on the shares and near, well, 800 billion valuation. Amazon shares near a record high and the company is expected to announce a new echo with a video screen. Thats exciting for a lot of folks. Big lose r, hertz, that could be the uber effect. And we have got to start with bill gates and he gave a rosie outlook for the economy. Mike, do you agree . I think. He made good points on that. The economy across the country, Small Business owners all the way up to bill gates are feeling good about the economy, better than a year ago. Much better than two years ago and i think youre seeing that play out, charles, in the overall market. Charles how about you, scott . Youve seen skeptical in the las few days. I am skeptical. We dont have a gdp that has a heartbeat. Yes, were growing, but a paltry pace. What wouldnt bill gates think is going well . I think hes having a hard time seeing the proverbial economy through the dollar bills. And to think i might change his opinion, but hes sitting in the tech sector and they will continue to innovate and create wealth. The rest of america is getting left behind about his feelgood feeling and i think the economy, although again, does have a heartbeat we arent ripping the cover off the ball and if weve got 4. 4 unemployment how do we havno real wage growth . Weve got things that we have concerns about. Charles i think on that front, peter. We should go with 8. 6 unemployment. Theres room for the d

© 2025 Vimarsana