Transcripts For FBC Varney Company 20240713 : comparemela.c

Transcripts For FBC Varney Company 20240713

Economy some more and the dow will hit, wait for it, 32,000 this year. Thats optimism. Were at 29,000 right now. Then theres this, the New York Times issues its endorsement for the democrats nominee. The times is the bible of the Democrat Party and they split their decision. Theyve endorsed Amy Klobuchar and Elizabeth Warren. This is fascinating. Not biden, not bernie, not the former mayor of new york, bloomberg, no, left and far left is the times choice. Later today, the president flies off to the global elite get together known as davos. Picture this, please, the president fresh off trade wins and a growing prosperous economy, addressing over there while the trump haters over here try to impeach him. Im not keen on the expression but you cant make it up. Varney company the tenth Anniversary Edition is about to begin. Stuart watch out. Situation, step aside. I dont have tattoos and i wear a baseball cap the right way around but im going to fit right in, google. Weather, new york today. It works. And thats new york theres a female voice talking to me. Today in new york it will be this amount would make about 12 cookies. Stuart yeah, but 9. Someone would walk out of there with a plastic spoon thats terrible and eat the lot . Youre simply the best lets get ready for varney sfoet youre going to try. Stuart no, im not going to try. Boy, that was a good one. I havent changed a bit, have i . Exactly the same. Stuart thank you my make up room. [laughter] stuart i appreciate that. Lots more still to come. Lets get to the news. Peter navarro says we will hit 32,000 on the dow, this year. Roll tape. By the end of the year, we should be well over 32,000, but more importantly, were going to be growing, i think closer to 3 real gdp than 2 . And were going to see wages continue to rise, particularly disproportionately to the men and women in this country who work with their hands which is what President Trump focuses on in this great manufacturing economy. Stuart what a switch. Thanking people who work with their hands in america, how about that. Look who is here to kick off this show, Keith Fitzgerald in new york city, no less. 32,000 on the dow. The bull market lives and runs. What so you . Absolutely possible, definitely likely and highly probable. Stuart really . Yes, absolutely. Stuart you were the guy i know it is on tape somewhere, just a couple weeks ago you said we were going to hit 29,000, maybe 30,000, and now youre up for 32,000 this year . Absolutely. The amount of capital that has to come to work is still in the trillions of dollars. The hedge funds still have to catch up. We have america working with its hands as mr. Navarro pointed out. Stuart i dont get this, you mean the hedge funds have to catch up . Arent they in it already. This is the beautiful part of this market, normally it is the Retail Investor that gets left behind. In this case the Retail Investor has been in to win it from the very beginning. It is the hedge funds that tried to second guess, got it wrong, bet on a clinton victory, and bet on all kinds of other things and now they have fear of missing out stuart. They are rushing in, because they have to have the names on the stuart do you put much faith in the imf because today they came out and upped their forecast for the Global Economy saying 3. 3 , thats a plus for us, isnt it . Of course it is because were leading the charge. I mean, thats the thing, the imf is normally they are in perfect command of the obvious. But in this case [laughter] they have got the real deal and we are leading the way. Stuart i love sarcasm when it works like that. They let me in new york every once in a while. Stuart you belong here. [laughter] stuart hold on a second. I want to turn to what the president is doing in a few hours, heading off on air force one to davos to address the world elite. Meanwhile, meanwhile, the impeachment trial starts in the senate tomorrow. They are trying to kick him out. This sun believable. This is unbelievable. I want to bring in mike huckabee, Fox News Contributor and governor, what do you think of this . I think ridiculous contrast. Its an absurdity. I mean, last week the president had an incredible week with the usmca being signed, the china deal being signed, and you have nancy pelosi very soberly and prayerfully with the cameras and her lovely pens because shes impeached the president. They have finally done something as democrats but something that will come back to bite them. By the way, varney, can i just congratulate you . I mean you have a show thats lasted nine years longer than the duchess of sussex. You have something to boast about today. [laughter] stuart you want to get into megxit do you . I dont think you do. If you really want to, go ahead. [laughter] im leaving that one on the table. Lets move on. Stuart okay. Stay there for a second, governor. I have got this story and i want you to comment on it. It is about the New York Times. They have revealed their endorsement for the 2020 democrat nomination. Ashley . Elizabeth warren and Amy Klobuchar. Two of them, which is, you know, very interesting. They say warren is the standardbearer for the democratic left. Could she win, they say . Challenging but not hard to envision. They call her a gifted storyteller. Stuart what . Whether the story is true or not. Stuart they actually said that . Shes the gifted storyteller. She has been described that. Meanwhile, klobuchar standardbearer for the party center, very definition of midwestern charisma grit and stick to itness. Whats interesting who they didnt endorse, what about joe biden . They say joe biden doesnt go far enough on issues like climate and healthcare. Bernie sanders too old they say. Would be 79 years old when he was sworn in, recently suffered a heart attack. His health is a serious concern. What about Mike Bloomberg . They just say no, New York Times Editorial Boards aspirations. He reveals more about americas broken system than his likelihood of fixing it. Stuart i dont know where governor huckabee is at this moment. I know hes in front of the camera. What do you make of it, gov . Im shocked they have endorsed democrats. I mean, this is something i didnt see coming. How did this happen . [laughter] you know, even a broken clock is right twice a day; right . So they are right in saying Elizabeth Warren is great storyteller. Shes told stories about her ethnicity. Shes told stories about her pregnancy and getting fired. Shes told stories about her entire life. So, yes, shes a great storyteller, and so is the New York Times and they tell big ones every single day, and thats why people dont trust them and havent in a long long time. Stuart i want to get serious for a second because i want to talk about joe biden, at a church in columbia, south carolina, he mentioned the ku klux klan and the president in the same sentence. They have no idea. Were just coming back. Stuart again, governor, your response please . Joe bidens either very very dishonest or hes incredibly misinformed. How dumb of him to even link the two and then to go back to that charlottesville reference, which has been utterly debunked time and again. It had nothing to do with white nationalists. It had everything to do with whether you keep statues. This is absurd. You know, it is interesting, donald trump got accused of wanting to tear down cultural sites in iran, but youve got the left in america that wants to tear down statues of Thomas Jefferson and george washington. Those are cultural sites. So its an absurdity, but the fact that joe biden is using a church as his own political pulpit, i hope no one ever accuses evangelicals of getting political again because we will just roll that tape and show it to their faces. Stuart governor i want to thank you for being with always these years. You have been a great part of the show and i appreciate it. Governor huckabee, thank you, sir. I appreciate you. Happy anniversary. Stuart thank you, sir. We will see again real soon, i promise thanks. Couple individual companies in the news, first of all amazon, they want to change the way you pay. They want to be able to receive payments by reading the palm of your hand. Lauren . And theyre working with visa to do this, to create checkout terminals in brick and Mortar Stores where you just pay with your palm. Why is this so fascinating . Well, this is keeping the Credit Card Companies on edge. How do you compete with big tech; right . Apple has a credit card. Now amazon has stuart like a fortune teller, dont you go and have your palm red or something . Read or something. How much information do you really want amazon to have . Not only your personal data but where you shop and what you buy. If visa or mastercard or whoever is in charge of the privacy that does involve the credit cards. What do regulators do with this . I have no idea. They are constantly having to play catch up with big tech. Stuart apple has signed actress seinfeld star Julia Dreyfus to celebrate new shows for apple tv. Shes a big name. The population of texas grew by more than the entire population of connecticut between 2010 and 2019. That shouldnt surprise you. Americans favor businessfriendly states. Thats why you are watching this program. We will have that story coming up. Yes yes yes, were celebrating ten years of Varney Company today, with some trivia. Okay . Im asking you, loyal viewers, how well do you know me . Start with this question. How many grandchildren do i have . And the current count. Okay . I was going to say stuart the answer after this. [laughter] managing lipids like very high triglycerides, can be tough. You diet. Exercise. But if youre also taking fish oil supplements. You should know. They are not fda approved. They may have saturated fat and may even raise bad cholesterol. To treat very high triglycerides, discover the science of prescription vascepa. Proven in multiple clinical trials, vascepa, along with diet is the only prescription epa treatment, approved by the fda to lower very high triglycerides by 33 , without raising bad cholesterol. Look. Its clear, theres only one prescription epa vascepa. Vascepa is not right for everyone. Do not take vascepa if you are allergic to icosapent ethyl or any inactive ingredient in vascepa. Tell your doctor if you are allergic to fish or shellfish, have liver problems or other medical conditions and about any medications you take, especially those that may affect blood clotting. 2. 3 of patients reported joint pain. Prescription power. Proven to work. Now with a new indication. Ask your doctor about vascepa. Stuart yeah why not. Before the commercial break, we asked you how many grandchildren do i have . Just in case you are interested, and the answer is, nine. Nine . [laughter] stuart thats the latest count, okay. I hope that count goes up. Yes. Stuart ive got a good shot of it doing so, okay, let me move on before we get ridiculous here. In the last decade, the population of texas grew by more than the entire population of connecticut. Thats extraordinary. Americans for tax reform president is with me now. That is a massive population shift. Its sped up recently. My question to you, grover, what are these high tax states going to do . They are going to continue to lose citizens until they begin to begin to take their taxes down. Colorado, which is one of those states that actually just recently voted on the ballot the people of colorado to put a to protect and keep a cap on spending, which will force dramatic tax cuts every year into the future, because they cant spend any money that comes in above growth of population and inflation. They had that. Democrats wanted to get rid of it. It was put back in. Colorado could stabilize. You worry about california, connecticut, new jersey, new york, all loser states, states where more people leave than move in, in substantial numbers, 5 plus of the population have left those states. They are not turning around yet. They have stopped a bunch of stupid that they had talked about doing, higher taxes on higher income people, but in california, you saw they basically outlawed the gig economy. They outlawed independent contractors, which makes it very unfriendly to new and innovative business businesses. Stuart okay, next case, i asked white house economist larry kudlow about tax cuts 2. 0. Listen to his response for a minute. Roll tape, please. You mentioned the earned income tax credit, that is something we are looking at. Were going to certainly keep the child tax credits and so forth. We might want to make some things permanent stu that werent permanent both on the individual side and also on the corporate side. Im thinking especially of expensing you know, immediate expensing which is very powerful for business investment. Stuart grover, lets be clear, you only get those tax changes, those tax cuts, those tax improvements if President Trump is reelected, and hopefully if he gets wins the house as well. Thats the only way you get what he is talking about. Absolutely, in fact, if we dont reelect the president , hold the senate, and do well with the house, were going to end up with taxes moving in the other direction. The democrats have promised to abolish all of the trump republican tax cuts. That includes doubling the per child tax credit. And for Median Income family, 2,000 tax bill. I think it is very helpful for the white house to say this is part two of our tax reform agenda and lay it out. I think you will see a lot of new expansion of iras, 401 k s, perhaps a look at lifetime savings accounts and universal savings accounts, ideas that were around during the bush years. Stuart we would love to see some more fiscal stimulus. Grover, thank you very much for being with us on a special program. Glad you are a part of it. Thanks, grover norquist. You know, when you invite keith fitz from the west coast to be here in new york, you better make some space for the man on the show. Hes been with us since the very beginning, have you not . Yes, i have. Its been a real honor. Stuart you havent aged a bit. We have a few clips, some of these best moments by the way. Just watch this. Professional performance anxiety, do they have a pill for that or something . I dont know, somebodys going to invent one. Stuart what is it . What i mean by that is that a lot of professionals were surprised by the run off the march 2009 lows. Stuart will we get there . I think we will. This is very psychologically important to traders. They want to cross something at that 20,000 level, but im convinced the real move, stuart, even if we touch it this week is going to be in 2017. Stuart he was right. The real move was 2017. You have been right right from the start. What about people who come on the show and consistently said this market is going up, whats the fundamental reason for that . Number one, thank you for recognizing that. It is a tough business and very tough to make calls like that. Fortunately i have good analytics and look at the numbers and look at where the best companies are going and i prioritize those that have a clear path to profits. Stuart we are still going up some more. I believe that. We have headline risk. We might get a pullback here and there, but thats a speed bump in overall scheme of things. Growth may slow, but it will not stop. Stuart you havent changed. You are wearing the same tie technically, this is a similar tie. [laughter] stuart thanks for all the time you spent with us, keith. You are a valuable player on this program. Thank you very much. Stuart thank you very much. Prince harry, hes addressed his familys exit from the royals, which is as you know is called megxit. We have the details including a potential netflix deal coming up for you. All about it. E a reliable partn. We Keep Companies ready for whats next. man we weave security into their business. second man virtualize their operations. woman and build ai customer experiences. second woman we also keep them ready for the next big opportunity. Like 5g. Almost all of the fortune 500 partner with us. woman when it comes to digital transformation. Verizon keeps business ready. And let me tell you something, rodeo. I wouldnt be here if i thought reverse mortgages took advantage of any american senior, or worse, that it was some way to take your home. Its just a loan designed for older homeowners, and, its helped over a million americans. A reverse Mortgage Loan isnt some kind of trick to take your home. Its a loan, like any other. Big difference is how you pay it back. Find out how reverse mortgages really work with aags free, noobligation reverse mortgage guide. Eliminate monthly mortgage payments, pay bills, medical costs, and more. Call now and get your free info kit. Other mortgages are paid each month, but with a reverse mortgage, you can pay whatever you can, when it works for you, or, you can wait, and pay it off in one lump sum when you leave your home. Discover the option thats best for you. Call today and find out more in aags free, noobligation reverse Mortgage Loan guide. Access taxfree cash and stay in the home you love. Youve probably been investing in your home for years. Making monthly mortgage payments. Doing the right thing. And its become your familys heart and soul. Well, that investment can give you taxfree cash just when you need it. Learn how homeowners are strategically using a reverse Mortgage Loan to cover expenses, pay for healthcare, preserve your portfolio, and so much more. Look, reverse mortgages arent for everyone but i think ive been round long enough to know whats what. Im proud to be a part of aag, i trust em, i think you can too. Trust aag for the best reverse mortgage solutions. So you can. Retire better. The decisions that i have made for my wife and i to step back is not one i made lightly. So many months of talks, so many years of challenges, and i know i havent always gotten it right, but as far as this goes, there really was no other option. What i want to make clear is were not walking away. And we certainly arent walking away from you. Stuart prince harry finally broke his silence right there. Ashley, heres an opinion, the queen kicked him out even though harry didn

© 2025 Vimarsana