Transcripts For FBC Varney Company 20170711 : vimarsana.com

FBC Varney Company July 11, 2017

One of our producer bought sun glances at 20 off with a 20 cash back because he used his amazon credit card. Another bought a coffee maker, didnt need it, but couldnt resist half price. And it does match the new back splash in the new kitchen were told seriously. Amazons impact is dramatic. Shopping malls, Grocery Stores have taken a big hit. Now, we hear that Department Stores are discounting cosmetics because of amazons price competition. Look at the stock, opening today. Right around, pretty close to 1,000 a share. That means, amazon has a market value approaching a half trillion dollars and founder jeff bezos is worth nearly 81 billion. Another one of my colleagues is laughing, but theyre all over laughing. Wait, didnt buy anything . No, we think one of the producers bought womens glasses, a guy. Eric. Stuart and amazon is so powerful and disruptive there will be calls to rein it in. Right now, its riding high. Dare we call it the most Important Company in the world . Im going to. Varney company is about to begin. All right. Were opening the market in 27 and change in minutes. And well look at amazon, were in the middle of prime day. Thousands of deals, amazon in total is worth close to a half trillion dollars and when it hopes this morning, it will be very close to 1,000 per share, yet again. What a company. I want to get right into this prime day and all about amazon with bert, the man who coined the phrase retail ice age. Im saying that amazon is the most Important Company with the biggest impact. Completely true, stuart. Amazon is going to be beyond retail ice age, its going to be darwinion destruction proportions. Stuart that bad . That bad. Well see the bible of credit intelligence. Td reports. Com and seeing Neiman Marcus could go bankrupt, and dollar stores, specialty, category dominant, warehouse clubs across the board. Record amount of bankruptcies, Shopping Center failures and for government implications, sales tax revenue will plummet and Massive Public sector layoffs and more Pension Plans youre reporting in illinois. Stuart im wideeyed, i was right, people. [laughter] amazon doesnt say how well prime days go. They dont give you a progress report, do they . They dont give you a progress report, but its next most to single day. And power to prosper, fox business focuses on with you, cheryl casone, and david asman. We were recommending amazon years ago. Theyve made 5 a share while the unfortunate armageddon is taking place by the most Important Company. Stuart amazon faces a problem down the road, that is with delivery. There arent enough trucks, ups and fedex to deliver all the stuff, is that accurate . Not enough trucks and drivers, and with mayor deblasio and others, its like a battle where the king sees the greatest army in persia tried to conquer the civilized word. They couldnt get the path to conquer the rest of retail and amazon has that problem in 2020. So shortterm gains, longer term logistics and fame, there will be a retail renaissance in 2020, its Retail Rationalized and bricks and mortar comes back. Stuart amazon has a huge impact on everything. Is it time to rein it in. There will there be a politician who says its time to rein it in. Ent a trust laws with fair prices, the branded vendors could get hit and shed books already hit amazon, and amazon said government give aways, tax abatement. You have to look out pour predatory pricing and practices. Stuart bearing that in mind and the delivery problem would you be a seller of amazon stock at 1,000 a share today . Stick by Varney Company, power to prosper, amazons going to 1100 probably 1150 and id hold it for a few, to two, three, years and be out and beginning a new decade in 2020. Stuart saves the best until last. Burt flickinger, thank you for joining us. Thank you. Stuart thank you very much. Thats money, now politics. According to the partnership for Public Service as of june 28th, mr. Trump nominated 178 appointees and the Senate Confirmed only 46. President obama had 183 nominees by that date, confirmed by that date. And george w. Bush had 130. So, clearly, President Trump is way behind in confirmations. Joining us now, senator lucas strange, republican from alabama. Welcome back to the program. This is surely part of Chuck Schumers restraint, you know, stop everything, block everything, go slow on everything. Sir, you have to put it to you, not much you can do about it . Well, its clearly part of the strategy, calculated strategy. 25 nominees compared to the previous president is clearly part of the strategy the sad thing its affecting our country and our ability to govern because its not just accords, which is critical, the its cabinet agencies, you know that problem, treasury, state, justice. And its the agencies. The simple agencies all through, so its hurting the average person and im hoping that well get some cooperation from the democrats and im not expecting it. Stuart that means you cant do much about it. If they use parliamentary tactics to delay and obstruct everything youre in a difficult position as a republican senator. And again, ill return to, there isnt much you can do about it . There are a couple of things. We can shorten the time of debate when theyll insist on cloture on every nominee, we can cut that back, theres ability to do that. Secondly, this is partly our fault. We need to stay here during the recess and during the upcoming vacations and get the work done and make the democrats stay with us, and work late at night just like the average person out in america is doing. Stuart i want to ask you about health care report. Are there noi formerly no voters now prepared to vote yes, maybe on the ted cruz bill or the next bill from Mitch Mcconnell . I dont want to speak for my colleagues, but i think theres optimism. Well know today at lunch when we have our get back to washington and comparison of notes. Everybody is trying to get to yes. I can tell you from alabamas standpoint, i want to get something done. We cannot fail in this. The people expect us to work so thats what im for. Stuart so lunch today, well get a better understanding of the vote count. Thats correct, we should have that by leadership. Whether a paper in hand im not sure, but a lot went over the july 4th recess period. Well know more after lunch. Stuart got it, thank you, senator from alabama. Thanks for having me on. Stuart and the United States thad missile test was a success. Thats the missile that shoots down another missile, ash. Ashley yes, quite impressive. This was fired from an air force cargo plane north of hawaii towards alaska. And the alaska system fired a missile to destroy. The people in alaska who were going to intercept the missile had no idea when it was going to be launched. It wasnt coordinated. So far 14 over 14 targets over the months and years have been hit and theyre perfect now. Of course, this comes, last week north korea launched their Ballistic Missile sending a message and saying it was scheduled last june and its not. They had the b1 bombers doing exercises as well. Stuart its a demonstration that we could have it out of the sky if we want to. A very busy day, as you can guess here, for money and politics. Weve got an allstar lineup to cover for you. Coming up in our 10 00 hour, the ceo of the online big box retailer, boxed. Com. Is amazon going to buy him . Congressman Louie Gohmert and host Brian Kilmeade on the show. How about the 11 00 hour. Ann coulter, Steven Baldwin and the one and only mark stein. Thats what weve got for you, not a bad lineup. Thats right. This hour, what impact does amazon have on Small Businesses . Some would say catastrophic, well ask. Very sad story out of the great britain, the government has to stop treating 11 month old baby with a debilitating condition. And this is what happens when the government controls health care and not the parents. More varney after this. The expected loss of the opening bell is getting narrow. Were now down to just an 8 point decline 15 minutes from now. To mississippi where at least five people were killed when a marine corps refueling plane crashed last night. Accord to go the county sheriff, nine people were supposed to be on board the plane which crashed into a soybean field crashing 85 miles north of jacksonville, mississippi. And i want to talk about charlie gard, the terminally ill baby in great britain. Welcome dr. Marc siegel. The government is in charge of the treatment of a child. Very different from, i think, from america which is more of a private enterprise system. Have i got it right . Yes, you do, although i dont want to say that there wouldnt be times when the government wouldnt try to intervene in cases and a lot of times theyre wrong. In this case, the parents should be in charge of the child. Here is how i define my role as a physician, im supposed to relieve suffering or prolong life, know the governments role to decide when a life should end. Sometimes when were relieving suffering we end up bringing about the end of life sooner, if its severe suffering or pain. In this case, the baby is in some discomfort suffering from a disease where the engine of the cell is affected and theres been a lot of brain damage, but if you start making government rules and this is your point, government starts marching in and deciding when to end life. That takes away the role of the parent, the patients and the physician. Stuart they want to bring him to america for the special experimental treatment. The government in britain says that special experimental treatment will be painful to the baby, therefore, they want the baby to stay in britain, they want to let it die in britain. Thats what theyre saying . You totally oppose that. I oppose that and i want the viewers to understand that this treatment has prolonged cases in some cases. The mitochondrial in the cell, it wont fix the brain damage the baby has, its not going to bring about a cure. It could prolong the babys life. I dont agree with the government that somehow the baby is in agony and they have to end the agony. If a family refuses emergency treatment, i dont want to give a transfusion, i dont want to oranges, sometim oranges oranges oranges oranges operation. What happens if something comes down the line. I keep a child alive longer and wham, an experimental treatment comes along that does work. It wont be likely in this case, but thats where the slippery slope is. Stuart lets not forget the parents of charlie gard, the little baby, theyre prepared to pay for the treatment in america themselves. Theyre not going to be a charge on the british government. Theyll pay for it and pay for american treatment. Lets suppose this baby had been born in the United States and the Insurance Companies was asked to pay for this experimental treatment. If the Insurance Company refused, then the parents would simply take the child, if they could pay for it themselves go treat him elsewhere and that would be the end of it. Thats how it works. Several hospitals in the United States have offered this treatment to the baby, absolutely. Theres no role for government in this and i think its a very, very stark case. Its a right or wrong case. Again, its not that theres no role for government ever. Stuart of course. Theres a role for government sometimes if theres a lot of suffering involved and i also believe, and you may not agree with this, there are times when i might pull the tube, there are times when i might say thats okay. This is not one of them. Stuart youre on the parents side in this case. Hugely on the parents side. Bring him here and get the government out of it. And youre right socialized, too much government in health care. Weve got too much of it here already. Stuart dr. Mark siegel. I appreciate it. Ive got more news on amazon, im calling the most important in the world. Liz the government of india says, yes, amazon you can sell online groceries. India is the Fastest Growing economy. This is breaking towards 1,000 a share were watching it tick down. Stuart if its ticked down thats a quote from minutes ago before that news it out there. Liz and the thing with india, they had really cheap smart phones and people are ordering from their start foe smartphone and theyre looking at the beachhead for a piece of that. Stuart right to lead with amazon this morning and not health care. Thanks indeed, lizzie. Chief Justice John Roberts delivering one of the most unique commencement speeches for a long time, telling students he wants them to fail, hopes theyre treated unfairly and wishes them bad luck. Believe it or not, theres a positive message there. Well find it and deliver it to you after this. It was not just success, but not being afraid to fail that brought you to this point. From time to time, in the years to come, i hope you will be treated unfairly, so that you will come to know the value of justice. I hope you will be lonely from time to time, so that you dont take friend for granted. I wish you bad luck, again, from time to time so that youll be conscious of the role of chance in life and understand that your success is not completely deserved and that the failure of others is not completely deserved either. I hope you will have just enough pain to learn compassion. Stuart well, well, well. Ashley wow. Stuart that was a Supreme Court court Justice John Roberts. He gave what some are calling a very unconvention al graduation speech to his sons ninth grade. Ashley the millennials with the safe spaces and microaggressions, thats a dose of reality, the chief justice says life isnt fair, get over it. Appreciate it, the good times. Dont take it for granted. Stuart liz is exploding. Liz no, no, im not. Exploding, come on. Misfortune, you benefit and how you react to it. And kindness shows the soul and quoting at the end of the speech bob dylans forever young. Stuart kindness shows what. Liz the soul. In this age when nobody can fail, everybody gets a trophy. Ashley yes, yes. Stuart i mean, come on, a little reality. And who in this life goes through without a challenge. Liz thats what hes saying. Stuart how you overcome the challenge is the mark of your character. Great guy. Liz common sense. Stuart quick check of amazon, prime market is upon us, theyve down 2 despite the government of india saying that amazon can deliver groceries if they wish. It will probably open a few bucks shy of 1,000 a share. The high was 1017. That was in june. Well be down a couple of points, if not dead flat. Well be back to cover that opening bell after this. Potsch you each drive a ford pickup, right . in unison russ, leland, gary yes. Gary i have a ford f150. Michael ive always been a ford guy. Potsch then i have a real treat for you today. Michael awesome. Potsch im going to show you a next generation pickup. Michael lets do this. Potsch this new truck now has a cornerstep built right into the bumper. Gary super cool. Potsch the bed is made of highstrength steel, which is less susceptible to punctures than aluminum. Jim aluminum is great for a lot of things, but maybe not the bed of a truck. Potsch and best of all, this new truck is actually gary all laughing oh my. Potsch the current chevy silverado. Gary im speechless. Gary this puts my ford truck to shame. James ill tell you, i might be a chevy guy now. laughing with some big news about type 2 diabetes. You have type 2 diabetes, right . Yes. So let me ask you this. How does diabetes affect your heart . It doesnt, does it . Actually, it does. Type 2 diabetes can make you twice as likely to die from a cardiovascular event, like a heart attack or stroke. And with Heart Disease, your risk is even higher. You didnt know that. No. Yeah. But, wait, theres good news for adults who have type 2 diabetes and Heart Disease. Jardiance is the only type 2 diabetes pill with a lifesaving cardiovascular benefit. Jardiance is proven to both significantly reduce the chance of dying from a cardiovascular event in adults who have type 2 diabetes and Heart Disease and lower your a1c. Jardiance can cause serious side effects including dehydration. This may cause you to feel dizzy, faint, or lightheaded, or weak upon standing. Ketoacidosis is a serious side effect that may be fatal. Symptoms include nausea, vomiting, stomach pain, tiredness, and trouble breathing. Stop taking jardiance and call your doctor right away if you have symptoms of ketoacidosis or an allergic reaction. Symptoms of an allergic reaction include rash, swelling, and difficulty breathing or swallowing. Do not take jardiance if you are on dialysis or have severe kidney problems. Other side effects are sudden kidney problems, genital yeast infections, increased bad cholesterol, and urinary tract infections, which may be serious. Taking jardiance with a sulfonylurea or insulin may cause low blood sugar. Tell your doctor about all the medicines you take and if you have any medical conditions. So now that you know all that, what do you think . That its time to think about jardiance. Ask your doctor about jardiance. And get to the heart of what matters. 20 seconds, 17 seconds to go before we open that market this tuesday morning. I tell you straight up, i want to see how amazon does this morning. I think its going to get pretty close to 1,000 a share and in four, three, two, one, we will find out. Bang there you go. Its 9 30 eastern time, ladies and gentlemen. Theyve rung the bell, cleared and clapped and opened 3, 4 points lower. 3 points lower, 21,405. Well get to amazon in a moment. I think were there. Weve got a quote on amazon in 16, 17 seconds into the trading session. Were were down four points. Were down five points. Ashley down five. Stuart oh, dear. I was saying this morning, amazon is the most Important Company in the world theyve got this, whats it called, prime day going on. Ashley yes. Stuart selling all kinds of stuff. And the stock is down 5, 4. Ladies and gentlemen, i confidently predict 1,000 a share to

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