Transcripts For FBC Varney Company 20240713 : comparemela.c

Transcripts For FBC Varney Company 20240713

100 points, nasdaq down about 35 points. Thats aflight away from stocks and into safe havens like gold, there you have it. Twentythree dollars higher gold this morning, 1,643 per ounce, now look at this, this is the yield on the 10year treasury bond, down 4. 8 , thats a flight to safety, money moving into the safer heaven of Treasury Bonds and out of the more risky assets known as stocks. President trump in rally in colorado, he was on the economy and markets and presented a very positive view of americas future, very much in contrast to the damage control that the democrats are doing after their debate, tonight, by the way, the president speaks in las vegas, that will be his third rally of the week and its in las vegas right before the las vegas the nevada caucuses which start tomorrow, look at this, on your screens now, thats the president with momentum, his 49th Approval Rating is higher than 48th percent disapproval, first time in presidency, the man has the wind in his sail and rallying tonight in vegas, Varney Company is about to begin. While the extreme left has been wasting americas time with vile hoaxes, we have been killing terrorists, creating jobs, raising wages and acting fair trade deals, securing our border and lifting up citizens of every race, color, religion and creed, right . We created nearly 180,000 new jobs right here in colorado, nobody would have thought that including including 25,000 new manufacturing and construction jobs, remember, they say you can be the do manufacturing jobs anymore, really, tell me about it. [laughter] stuart rallying supporters there, that was in colorado last night, now hold third rally of the week, itll be in vegas, people are already lining up and camping out, that started thursday, by the way, tammy bruce with us, by the way, tammy, i want to draw trumps positive image for america and americas future and the democrats doing damage control, its like day and night between the two . It is, this is not new when it comes to the impact, people are attracted to confidence, being assured, to winning, to happiness, you look at the president s face, hes enjoying himself, theres an inspiration to move forward and assurance, not a guaranty but national, american sensibility that everything is possible. Stuart thats america. Exactly. We are a country of people who come together all over the world historically but we come here because we have an optimistic view of whats possible, the democrats are mired in quick sand, the victimized train work thats based in identity politics relying on victimhood. Stuart its victimization, its victimhood, thats what it is. We are realistic, that doesnt mean you cant be optimistic, realism in america our own history show that is we were right, that anything is possible and recovery that we have seen under pith has reinforced that in modern age, we were told for almost a generation, a new normal coming, everything is not going to be gray, settle down, calm down, america, the global world to worry about where in fact, its the american sensibility that rises up the rest of the world and now what we are moving into remembrance of who we are and acting on it and thats why thats why people are lining up for the president s speeches because he not only delivers, hes a reminder of what is possible. Stuart you have gone to a very good start monday morning. Lets talk money. Well, we are looking at this morning really a flight to safety. Gold is up 16. 42 per ounce, thats a fresh 7year high, the 10year treasury yield sounds wonky but when it goes down 1. 48 you know you have flight to safety on your hands, thats what weve got. Jonathan honick, does the pricey of gold stay when the virus goes away . It does. A trend thats been unfolding for well over a year now, gold at 7year high, up 23 in just the last year, same percentage return as s p 500, gold at alltime high like the euro, when i look at trends, my philosophy is that trends tend to persist in the market and when you see the strong look back to golds history, stuart, 2001 to 2012, gold went up every year, fresh the war in iraq to the elections, et cetera, so this is a longterm trend and persists for gold. Stuart real fast, jonathan, i see the market down across the board, is it possible that Bernie Sanders being the clear frontrunner is also a negative for the market, what do you think . A president sanders economy stock market would look like, look at obama because republicans sequestered obamas bad ideas, if Bernie Sanders core philosophy is enacted, we know every example, massive wealth destruction has followed, i dont know if the market is fearful about Bernie Sanders because we should be because we know in history where policies results. Stuart i want to go back to tammy bruce, she wrote this, bloomberg is a model product of the Democratic Partys identity politics, explain. Yeah, this is fascinating, you remember his comments about farmers and that is raised, of course, appropriate conversation about his elitism and his, you know, misunderstanding of the nature of farming and the great of people who not only feed the nation but the world, but i contend, its not just him, its also the women that are running for president on the democratic side, each one of them complained about sexism hindering their bid for presidency that its their own base that they are arguing effectively that wont be voting for them or expect something from them that doesnt work because theyre women, that its sexism thats driving that, the fact of the matter is when youre being asked to vote for someone because theyre a woman, you are training people to operate under gender stereotype, youre asking them not to ask about leadership or the issues or policy, youre saying, think within a gender stereotype and vote for that person because of the sliver of their identity either because of person of color or because they are a woman or because they are gay and then you cant get upset when they move into gender stereotypes and they are making decisions overall, my contention about bloomberg, this is what we have to watch for, not just gender or sex, it also can be about work, he within identity politics has now moved a sliver of people out to being isolated and denigrated because they are farmers, so the moment you start deciding that people will be judged based on who they are, that will happen also when it comes to nature of the profession. Stuart that was very god. Be ware because that will divide us even more, we must reject it, farmers unit. Stuart division. Thanks, tammy, quickly when we have the markets down across the board, we look at big names and big names are technology companies, all of them on the downside this morning, right there. How about the financials, pretty much the same story, some of them insurance but big banks on the downside, the dow is over100 points, s p and the nasdaq, something completely different. If you like the smell of a quarterpounder, mcdonalds is setting mood and launching the collectible of burgerscented candles, im so sorry to bring you this, but i guess its a commercial for mcdonalds. Ashley i guess so. Stuart they should pay us, we are big on tax exodus story, boy, do we we have a story for , exodus to florida has turn into a flood, no its a title wave, we have the story. President trump taking a swing at Mike Bloomberg disastrous debate performance, watch this. Mini mike didnt do well last night. I was going to send him a note saying its not easy doing what i do, is it, not easy. Stuart mr. Bloomberg was not his only target, more of that after this. Before we board. Excellent. And you have thinkorswim mobile so i can finish analyzing the risk on this position. You two are all set. Have a great flight. Thanks. Well see ya. Ah, theyre getting so smart. Choose the app that fits your investing style. Mini mike didnt do well last night. I was going to send him a note saying its not easy doing what i do, is it . Look, you will vote for one of these people, probably craze bernie, he seems to be leading, how about klobuchar, did you see her, she chokeed. Looked at her and said something slightly derogatory, are you accusing me of being dumb, who would make a Statement Like that . How about sleepy joe, what about his performance, he was sleepy a long time ago but now hes really sleepy. Stuart fox friends cohost on the weekend pete hegseth, what a contrast, the president lively, upbeat, funny, entertaining, the democrats mired in their own victimhood. Michael bloomberg admitting that the winner of the debate was donald trump. This looks like a guy more energized than hes ever been before, not aging the way the white house usually gets at you and youre right on the tone, the somber, victim, america is the problem tone of the Democrat Party doesnt draw anyone in who feel like their life is better, still flies the flag in the front yard, they understand they are not perfect and neither are their count are you but the best and greatest country we have on earth and the greatest opportunity for regular people to thrive, donald trump taps into that, Michael Bloomberg condescends to people and Bernie Sanders who is going to be the nominee as some of us predicted a couple of years ago because hes the soul of the party, hes saying i dont like rich people, last time ive never been checked ive never been hired by a poor person, rich people doing well that drives the economy. Stuart what attracts america, surely is the positive. Especially when things are going well, every indication is showing. Stuart i want to talk about this article in the New York Times, oped, the times criticized for this, it was written by the Talibans Deputy leader, one of the most wanted men in the world, the title is what we the taliban want, published in the New York Times, a lot of controversy, the times response to that and says, we know firsthand how dangerous and destructive the taliban is but our mission at times opinion is to tackle big ideas for a range of news worthy viewpoints, how do you feel about the times . Which one is the enemy, is it the taliban or the times because the times listen, i wished they were an american newspaper cheering for america but theyve long since shown their globalist view is that america is to blame for the problems around the world and theyve gone so far two decades after 911 to give a platform to leader of the network which is one of the most dangerous networks in afghanistan, partnered not just with the taliban but with alqaeda and with isis to further their views, they say they will reject them, every word of this oped if you read it is a lie, by the way, for radicals they believe that theyre reading and they can lie to further their cause, why wouldnt they write something that the New York Times would think its great, happily print, im still scared, stu, what they did in iraq war, plastering on the front page of New York Times for month straight to try look make the guys who were doing the fighting guarding the prisoners guarding the bad guys, New York Times is a bad as it gets. Stuart ly join you tomorrow on fox Friends Weekend saturday morning, i will be there. Thats because we love ratings. [laughter] stuart you still have bitcoin . I still have bitcoin. Stuart hope spring is i ternal, near 10,000. Are you in the money yet . Im almost in the money, fundamentals remain the same, patience is a good thing, people. Hang on. Stuart get out of here. [laughter] stuart i believe youre all right. Thanks very much. Soccer, u. S. Womens National Team suing for 66 million, damages apparently gender pay disparity . Gender discrimination according to players, 66 million including interest, this case will start and the trial will start on may the fifth, here are the arguments because the woman have won four world cups now but if you take a look at salaries, u. S. Men fail today make 2018 or even qualify for 2018 world cup, 179,000, the women have won four times and they were paid a base salary of 52,000, 37,000 for roster bonus and 110,000 for winning winning the world cup, the woman argued weve won so many times why do we have to keep earning it in bonus and not just base salary alone. The u. S. Soccer federation, guess what the mens world cup gives us more money, 9 million whereas the womens world cup only gives us 2 million, thats why theres a differentiation in base salary. Stuart okay, i think ive got it. Im in favor of gender equality, period, who is not . Im happy to hear that, yes. [laughter] stuart im moving on. Check futures, please, come back a bit, we were down over 100, now down about 80, how about gold,i still think thats up there. Overall downside movement. Its the toy you are looking for, im told, they are getting disney is getting ready to cash in, thats the baby yoda doll. Ashley there you go, stu. Stuart we have to spend some time on it. Ashley rolling your eyes. Stuart yoda after the break. Look outside. Stuart thats the connection. Ashley very good. Stuart this yoda thing ashley the baby yoda is the star of it. Stuart i believe the producers put this out to get a rise out of me. Ashley and its working. So, yes, the baby yoda the toy version coming out, its going to be at the toy fair in new york next week. Let me get there, hang on. 60 bucks for the animatronic one, let me finish, 25 sound emotion combinations and if you lay them down, stu, he will take a quote, unquote forced nap. Stuart a what . Ashley force nap, not forced, as the force may be with you. Stuart ly ask my 4yearold twin girls if they want a baby yoda and i bet the answer is no, you know what they want, their own phone. [laughter] i will take it. So cute. Stuart please. Market will open down across the board, but not that bad, only down 80 ponts on points on the dow. 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Stuart we are about to open the market, we need help to cover the market and weve got it, david is here, so to is Jonathan Honik along with sus and and ashley, the virus spreading outside of china, the word pandemic is being used and thats affecting the market again, david, first to you, how we dont know how bad its going to get, thats what we dont know . We dont know how bad its going to get from a health standpoint, the market is up 4 and a half percent since the bottom level of coronavirus 3 weeks ago, enhanced volatility but, no, this would not be substantive start of bad market. Stuart thats really interesting, for a time it looked like it might be. Thats what it is, volatility. Stuart not a huge selloff by any means, as of right now vast sea of red on the lefthand side of the screen, the dow is off 80 points, that would be. 29 , s p 500, where is that this morning, im sure its on the downside. Down. 42 , bit more of a percentage loss than the dow, nasdaq composite, here we go, that is down almost half percentage point, so the big losses look to be in tech stocks, start with tesla, however, because its been on such a wild ride lately, this morning is up 3 bucks but at 903, more on that in a moment. Virgin galactic, wild ride, coming down to earth a little bit, down 2 bucks but has been skyrocketing earlier, cocacola, they say the Virus Outbreak will take a bite of sales in earnings, Jackie Deangelis has more on this, jackie. They are watching the virus closely and could impact firstquarter earnings, but company reaffirming year guidance and remains highest priority, the stock is margin marginally down this morning. Stuart whats the problem . Full year guidance, thats all that matters, cocacola Proctor Gamble are fine. Stuart down day on the market, i want to bring up what may be a bright spot and that is housing, Home Builders

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