Transcripts For FBC Varney Company 20170628 : vimarsana.com

FBC Varney Company June 28, 2017

The media loves this. The New York Times says Party Fissures have been exposed in an embarrassing setback for republicans, end quote. And here is a dire warning from the conservatives, if g. O. P. Senators blow this, say hello to Single Payer Health care. I repeat, this is not good news. However, yet again, political paralysis has not spilled over to the markets. The modest gain for the dow expected right there at the opening bell today. But the markets are getting nervous. And an another 100 point drop for the dow yesterday, all the big five Technology Stocks took a hit yesterday and there were modest rebound today, but thats not much. A modest rebound. Wait, theres more. Gas down again, see that smile . The white house calls out cnn and sarah palin sues the New York Times. Big day for politics and for your money. Varney company is about to begin. Now, the headline there was the collapse of venezuela and, yes, its really in crisis. Look at this. The countrys president maduro claims that helicopter dropped grenades on venezuelas Supreme Court. Hes calling that a terror attack. Elizabeth, as in emack, venezuela is on the brink of civil bar. Liz and this is coming out now. Maduro, the leader of the country, what we cant do with votes we will do with weapons. So this looks like imminent civil war. A stolen police helicopter, possibly a rogue officer, say, yes, he shot grenades at the Supreme Court building and interior ministry. No one was hurt. So far in three months of unrest, nearly 80 people dead and thousands injured and National Guard detained 400 people within the National Assembly including 20 senators. So this is deeply spiraling out of control now. Stuart well said, lizzie, satisfies exactly whats happening. The futures, where are we opening . Were opening on the upside. Down nearly 100 and well bounce back 40odd points of the dow industrials at the opening bell today. Look at the big five companies. This is the premarket quote where theyre trading at now. All of them a little higher than yesterdays close. The price of oil rallied since hitting a 10month low last week and this month were holding at 44 a barrel. Here is the good news. Gas prices keep on falling, down another penny overnight. Were at 2. 24 National Average and now there are five states below 2 a bal. South carolina, oake, mississippi, now missouri. Ashley more, baby. Stuart more and ill be right. Cheap gas, here it is. Diane sent in a picture from buford, georgia. 1. 97. Thats the great state of georgia. Driving down there to fill up. [laughter] now lets get serious. Stop laughing here is my opinion on health care, and the Republican Party. I Say Something on health care is better than nothing. Get an agreement, if you dont, the democrats will take over and give us obamacare on steroids. Thats my opinion. Liz peek has to bear the brunt of this opinion. Im going to stick it right at her. Give us something rather than nothing. Where is the patience and willingness to work through the system . I dont really get it, that rand paul is sort of like all or nothing. Its neither going to be repeal obamacare totally, or he is basically not going to back this bill. His state went very profoundly for donald trump. I dont really see how he doesnt understand that this is a blow to the trump white house, the gaen agenda and that said, Mitch Mcconnell has some to buy votes for the bill. The cbo scored it saving a lot of money from terms in future outlays and he can go back to the conservatives and offer them things they would like and offer things to Susan Collins and the moderates that they would like, like better tax credits, et cetera. Its going to come down to money unless you have these people like ted cruz, rand paul, mike lee, who are so dug in on perfection, that theyre not willing to compromise. And i think that would be a huge blow to the Republican Party. Stuart handicap it. Hold on a second. Yesterday, we did this. Liz was 6040, yes, it passes. Ashley, 7030, yes, it passes. Liz peak. Im 7030. I think the alternative is incomprehensible and isnt acceptable. Liz look at this, we had 21 senators according to the wall street journal on the republican side, in states where medicaid grew, the number of medicaid recipients, that population grew. That 188 billion could be used to expand medicaid or do more for the Opioid Crisis or expand Health Savings accounts. Watch the wheeling and dealing, the sausage making is on blitz mode. Stuart do we have that watch that. Liz we dont have to. Stuart 6040, 7030. 7030. Im 7030. Stuart this is a case, sarah palin suing the New York Times for defamation. She claims a recent editorial falsely portrayed her as responsible for inciting the 2011 shooting of Gabby Giffords. Judge napolitano is here. Does sarah palin have a case . You know, i normally would say no because shes a public figure and the high, very high bar for a public figure to prevail is that she must show that the New York Times was reckless in its concern for the truth or was aware of a falsehood and published it anyway. She has a case. Because she actually has emails from the New York Times in which they recognize that some of the things that they said about her were false. But yet, they were obliquely repeated anyway. Stuart so they knowingly repeated a falsehood. Yes, and no. She can make that argument to the court. She will, what we say, survive a motion, meaning if they dont settle this case shes going to get to a jury. This goes back to when sarah palin was had a pac and identified certain Congressional Democrats as targets of the pac, and they improperly and crudely put a bulls eye over the congressional district. One of those congressional districts was Gabby Giffords who was merely murdered by this crazy person who killed a bunch of others, including a child and a federal judge. At the time the New York Times blamed sarah palin for inciting the violence that resulted in gabby griff fords attack by using the crosshair logo. They reiterated that just two weeks ago. Stuart thats the problem. Thats the basis for the lawsuit and reiterated after a lot of coming and going, hemming and hawing, is it right or isnt it right . Shes got a case. Stuart im going to do an editorial, once the gft gives a benefit, its ver virtually impossible to take it away. I fully agree with you. Barack obama succeeded establishing as a basic premise the obligation of the federal government to provide for Health Care Insurance or coverage that was never an assumed obligation by the federal government before he was president. Now very few exceptions. Rand paul, mike lee, tom massey, very, very few reject that premise, even staunch conservative republicans are afraid to confront the electorate without some Christmas Tree ornament to give them. Stuart but if you did confront the electorate and say were taking this away. You wouldnt have a vote. Youd be run out of the office. Stuart if you wouldnt have the vote, you dont have an agreement, you have obamacare and in come the democrats and give you obamacare. I reluctantly agree with you. Stuart the dentist visit is over. What about the novacaine wearing off. Stuart lets move on. Video from britain, this looks like terror, a pedestrian hit by a city bus, shatters the buss wind shield. Look at that, look at that, look at that that looks like towerror, its not. Ashley guess what he does . He gets up and goes to the pub. Like any good englishman would. [laughter] isnt that amazing . Hold on a second, minor injuries for the gentleman. The driver of the bus has been taken off the road well be pleased to hear. Joined the guy in the pub. [laughter] facebook, two big stories, Mark Zuckerberg says facebook now have 2 billion monthly users. About a quarter of the worlds population. The second one, made a deal to stream more than a dozen matches from europes top soccer tournaments. The european cup, actually. Ashley the big one. Stuart theyre going to stream it on facebook, can you believe that . Big. Stuart that is big, youre right there, son. For the budget crisis in illinois, its so bad that the state is suspending sales of some lotto tickets. They dont have the cash to pay the winners. Oh. Stuart another big hack attack hitting agents all across the world. And theyve hacked files saved on computers. They tell the victims pay up if you want it back. Thats called blackmail. Senator rand paul not on board. Will he be the senator who votes no and kills the whole thing . Ill ask him. More varney in a moment. Can m. 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And it comes from a conservative. Look at this, an opinion piece from hugh huey, a conservative and its in todays Washington Post. It reads, and i quote, if g. O. P. Senators blow this, say hello to Single Payer Health care. Thats a clear call to the Republican Party, get something done, agree or else. And attached to the article is a picture of senator rand paul. One of the holdouts. Senator paul is our guest this morning. Good morning, senator, good to have you with us, sir. Good morning. Stuart watching the news. I think that something, even an imperfect bill, is better than nothing. What say you, sir . You know, i think when you look at the bill, you have to measure it and analyze and say is it a repeal or a keep . Is it keeping obamacare or repealing it, so, you know, if its keeping it how could i possibly be for keeping obamacare, it keeps most of the subsidies, most of the regulations and it adds a new federal Insurance Company blalout of 130 billion dollars. Tell me what part of that is conservative. Stuart okay, ill tell you whats good much it. It gets rid of the taxes 21 of 22 theyre gone. It kids rid of the individual mandate, gives us a degree of freedom, what coverage we wants and who pays for it and gets rid of the employer mandate and takes an enormous restraint off the labor market, that is something. I guess problem isnt that better than nothing, senator . The problem is a lot of people are going to ask, myself included, is it honest to get rid of the taxes and continue the Medicaid Expansion forever . The Medicaid Expansion never goes away. Realize when we voted 60 times to repeal obamacare, we voted to gradually end the subsidies and gradually end the Medicaid Expansion over a twoyear period. That was our position over a year ago, now the position is were keeping the subsidies forever. A brand new bailout for Insurance Companies. Im horrified. The Insurance Companies make 15 billion a year and were going to give them 130 billion of taxpayer money . Its obscene. What kind of a conservative notion is that . We could lower the price of cars, also, and have a car stabilization fund, a college stabilization fund, an iphone stabilization fund. Its insane, its obscene to say were going to give Rich Companies taxpayer money. Stuart if you push it, and it becomes more conservative, you lose the moderates and you dont have 50 votes. Well, we could remind the moderates they pledged to repeal obamacare, root and branch. And did remind them they said that about a million times. Stuart you wont have to votes. Well, well see. You wont have the votes. No, thats no, thats the question. Stuart the question will be, is Something Better than nothing. If moderates want to go home to their state and say they kept obamacare, so be it. Conservatives will go hole and say we pledge today repeal it and it wont repealed. I met with the president and told him im very much open to making the bill better and i think he is also. Senate leadership has had no communication with any of us opposed to so much of the keeping of obamacare. Stuart if the Republican Party cannot agree after all the negotiating, you cant agree, then we go back to where we are now, which is a collapsing obamacare system, Mitch Mcconnell goes to the democrats and he needs their help and youll get obamacare on steroids. I keep coming back to it. Something is better than nothing. I think youre presuming senate leadership, wants to really keep obamacare and i dont think thats true. I think theyre working with a mix of people, but i dont really cast aspersions on the leadership saying theyre going to go to democrats and keep obamacare. I dont think thats true at all. Stuart okay. I do think that health care is quite complicated and theres a great danger to owning it without fixing it. And so, i think that if you pass something thats not going to work, and we come up in about a year and premiums are rising at 25, 30 , still the Insurance Companies are dropping out of the individual market, i think what youre going to find, people will say why did we give republicans control of Congress Since they didnt know what they were doing. Stuart somewhere down the road there will be a vote and when that vote will be counted will you be the senator that votes no and kills the whole thing . I would be the senator that would vote against keeping obamacare. The other senators can explain why they vote to keep obamacare. Im not voting to keep it. Theres going to have to be a repeal bill. This is what i pledged to the American People and conservatives pledged. If people go back on their word and keep obamacare, let them go home and explain it. Stuart senator rand paul, very much a man in the news. Thank you, sir. Well be back. At crowne plaza we know Business Travel isnt just business. Theres this. a bit of this. Why not . Your hotel should make it easy to do all the things you do. Which is what we do. Crowne plaza. Were all business, mostly. Ive spent my life planting a sizesix, nonslip shoe into that door. On this side, i want my customers to relax and enjoy themselves. But these days its phones before forks. They want wifi out here. But behind that door, i need a private connection for my business. Wifi pro from comcast business. Public wifi for your customers. Private wifi for your business. Strong and secure. Good for a door. And a network. Comcast business. Built for security. Built for business. Well, if youve been watching this program you know theres a good deal of political turmoil in d. C. , but its not affecting the markets this morning. Look at that, lefthand side of the screen. Were going up at the opening bell. Look at this, latest big cyber attack. Companies all over the world have been hit. Second attack in less than two months. Liz peek with us. Number one, theres no way to stop this. Number two, we dont know who is doing it. That makes it harder for sure. Stuart and next topic. But really, seriously, the problem is, that it has to come from the top, right . Our government has been lazy and careless about cyber intrusions for years. I mean, going back to the beginning of the obama time in office. He hired a cyber czar whose first words out of his mouth was we have no cyber problem. This is a problem and the truth is the government doesnt change pass words. They dont do anything. Stuart quite an enterprise, the companies. I agree, but they have tried to work with private enterprise and companies turn around and say, hey, youre not secure, how can we possibly turn our data over to you. This is a fact. And its one of the reasons we havent had a bigger cyber solution. Liz to lizs point, the trump found agencies in the governm

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