Transcripts For FBC Varney Company 20240712 : comparemela.c

Transcripts For FBC Varney Company 20240712

About the election . No clean democrat sweep for example or a trump . Is it telling us a stimulus package is coming, not to worry about lockdowns . We will get into all of that. You are looking at a big preelection rally. So, whos going to win . I dont know. On one side of the polls shows biting with a lead nationally, but in battleground states mr. Trump has caught up and look at this impromptu trompe rallies has popped up overall all of the country over the weekend. This was in florida with convoys of Trump Supporters shopping traffic in several states and at trompe rallies, long lines of people trying to get it in. I didnt see any biden rallies or biden bumper stickers. Theres clearly an enthusiasm. Today a mad to the finish line with people lining up that mr. Trumps rallies. I switched on my tv at midnight last night and saw the president just starting his final rally joe biden will attend to events in pennsylvania and one in ohio today. The biden camp is worried about the low turnout of africanamerican and hispanic early voters plus they are worried about the strong turnout of white males without College Degrees or could they are worried. I will repeat, this is exciting. Sit back and watch the action as it is intense and think what that rally is doing for your 4o1k. Varney co. Is about to begin. This election is a choice between a depression and a boom. This is a dark time for the country. May want to abolish oil, cold, natural gas. Donald trumps thanks covid is a hoax. If you want a vaccine to kill the virus and cast your ballot, cast your vote for me. A president who has waved the white flag of surrender on the virus. Under my leadership our economy is growing at the fastest rate ever recorded. Donald trump will be the first president in 90 years whos going to finish his four years in office with fewer jobs under his leadership that when he started. We will make America Great again. Stuart away we go. That was quite a weekend. We are now less than 24 hours from election day itself. A moment ago, you heard from the candidates making their final pitches to voters in key states. They were barnstorming across the country, certainly across the states up for grabs the president even held held a latenight rally which started past 11 00 p. M. Eastern in florida. That was his fifth rally, that fifth rally just on sunday. Today the president is outpacing joe biden again with another five stops, North Carolina, pennsylvania, wisconsin into rallies in michigan. Joe biden will hold to events in pennsylvania and one in ohio with a big number for you, look at this, 93,800,232 people have already voted. I was wondering how the market would look. We are coming off as a rotten week and the election is upon us and look what we have got, lefthand corner of the screen is a market rally Keith Fitzgerald joining us. Obvious question, what is this market rally telling us . Three things, always look beyond the tape, earnings are good and its always better even if you hate every moment to bet on the upside. The political challenge will clarify who wins and what happened even though we dont know exactly whether its a biden or trump. Stuart are we just going up regardless of who wins . I dont think so regardless of who wins. I think its very much a measured approach to what happens next because now you are talking about potential clarity on stimulus, taxes, jobs in manufacturing. Any number of issues and trading in todays market, investors cannot afford to sit on the sidelines because once the train gets moving its leaving the station quickly. Stuart you think we are going up from here . I think we are setting up for a pretty nice to her three month ron, but the one caveat is if for example biden wins and starts talking about taxes and talking about impugning jobs i think the market will lose 25 . Stuart that would be an extraordinary selloff. You are saying if biden wins and if the democrats take the senate, give me that scenario, you think we just drop sharply . Is that what you are saying . I think there will be a measure of stability when they win. I think the moment they talk about taxes and the market realizes they are serious, thats when the selling starts. Stuart what about the virus . We have this second wave, is the market not worried about new lockdowns . I think the markets will be worried about it , but i think people are beginning to understand science will beat this thing. I believe it will be this thing. Im going to get a vaccine when it happens, but i think going back to work, recreating value, reestablishing manufacturing puts america ahead. Stuart what are you buying today . After microsoft on friday and today probably looking for apple. I dont think thats happened, the chart looks good. Stuart keach, was surprised to see that green on the screen, but im delighted nonetheless nonetheless. Stuart on the virus us is reporting nearly 100,000 new cases friday and that was a record. Doctor marc siegel comes back to us today. Doctor, you dont like lockdowns, so how are we going to respond to this latest insurgent virus cases . And i dont like lockdowns because they dont work and theres no sense they stem the tide because most of the spread that goes on within communities. Heres what we have to do, talk to number two at hhs friday on the radio he said look, we ramped up testing with over 100,000 rapid tests out there and now theyre something called 2 test that these in the nba which confirms the antigen results so we will end up with testing out 100,000 people a day with about test, so we will be able in a month or two to come to actually separate out people who have this and dont even know they have it and that will decrease spread dramatically. Doctor redfield called it a silent epidemic so thats what we have to do and of course the distancing and masks, but shutting down businesses a huge mistake and cost us dearly economically, mentally and physically. Stuart we are going to shut down businesses and travel, new rules in new york state, if you want to come from 43 different states to new york you need a test before you arrive and you have to have another test three days after you get here. I dont know how that will work, doctor, but its a form of lockdown and restrictions coming at the state level, not the federal level and it is happening. Thats true, stuart. Its happening the day after election day, interesting Governor Cuomo chose that period of time, so he will make you have a mandatory test for days after you return. Medically thats the right time to the test, but in terms of peoples liberties its troubling. Already he has something in place where you quarantine for two weeks if you come from one of those states and thats really difficult and impossible to make that happen, but mandatory testing will be difficult to have happen and where you will get it from. When there is a lot of testing it may make sense, but in the meantime it will restrict businesses. Stuart thank you. We will see you soon. Thank you. We have some polls here, real clear politics gives joe biden a slight lead in florida. The states largest Retirement Community, by the way, known as the villages voted overwhelming or trump and 2016 to swing the state to President Trump. Ashley webster is there in the middle of it. You have a friendly reception there i can tell. Is it still Trump Country . Ashley it certainly is at least three people. Thank you. The largest Retirement Community in the United States, 130,000 people plus. In 2016, donald trump got 60 of the votes to hillary 2029 . This is Trump Country, but there are some indications that perhaps more from the other side of the aisle are moving in. I went to bring in a guest. Fred stark. Fred, thank you for joining us. Fred is a retired autoworker from michigan and has lived here for 20 years. Why are you out here for donald trump rex was the key issue . Safety and supporting Law Enforcement and for making our country great again, which trump has done. I was a retired autoworker for 34 years, i retired when i was 52, think the uaw, but after finding out all these years being a democrat supporting uaw, thats not the way to go trump made our country better. Uaw should be Backing Trump because trump brought factories back to michigan, ohio, tennessee and brought back manufacturing to our country. Hes making our country safe again because of Law Enforcement. Hes a supporting Law Enforcement and i have been blessed to be a retiree from Chrysler Corporation and thank you to foxbusiness for being so supportive and the only real factual news and its too bad real media ashley thank you. Very quickly before i throw it back, what about Stuart Varney . [cheers and applause] ashley someone just said who come i will take care of that. Stuart we will get back to you later in the show. Thank you. To all of you down there, appreciate it. To the futures did i do say back to the future . I did. 360 on the dow jones, plenty of green. Businesses across the country bracing for unrest after the election, may be ahead of it. Joe biden says its all President Trumps filed and promising voters he will vote in that demo Donald Trumps chaos. Heres a question will there be any writing and looting if a biden wins . They are boarding up the cities to guard against a trump when, arent they . President trump wrapping up is jam packed sunday. He rallied the crowd with this message. We are not going to bring to this country that things people flee. Not all democrats are socialist, but all socialists are democrats stuart thats a good wine. I will ask maria what she thinks about it as she joins me later this hour. Thats maria later. We will be back. Nonvalvular afib can mean a lifetime of blood thinners. And if youre troubled by falls and bleeds, worry follows you everywhere. Over 100,000 people have left blood thinners behind with watchman. Its a onetime, minimally invasive procedure that reduces stroke risk and bleeding worryfor life. Watchman. Its one time. For a lifetime. In connemara. Right connemara it is theres one gift the whole family can share this holiday season, their story. Give the gift of discovery, with an ancestrydna kit. Adapting. Innovating. Givelsetting the course. Ry, but new ways of working demand a new type of network. One thats more than just fast. You need flexibility to work from anywhere. And manage from everywhere. Advanced technology. With serious security. And reliable coverage, nationwide. Forwardthinking enterprises, deserve forwardthinking solutions. And thats what we deliver. So bounce forward, with comcast business. You can go your own way go your own way your wireless. Your rules. Only Xfinity Mobile lets you choose shared data, unlimited or a mix of each. And switch anytime so you only pay for the data you need. Switch and save hundreds on your wireless bill. Plus, get 300 off when you buy the Samsung Galaxy note20 ultra 5g. Learn more at your local xfinity store today. Stuart i see a lot of green on the screen with plenty of optimism. And my picking up on the right emotion . Susan great way to start the week. Bullish bets, the highest in two years as investors are bargainhunting after the worst week since march. Futures predict a recovery in the s p 500 after two months of losses. The broader index lost over 500 5 . Analysts in this weekend to watch that hasnt yet 3200 level so we are just about there, 100 about that which is great because if we go below 3200 they say the losses will accelerate, but there should be a lot of support around about 3200 level. Also after the selloff last week they say they expect a brandnew alltime stock market highs for the First Quarter of next year and thats no matter who wins the election because there will be a stimulus package no matter who occupies the white house and hopefully a vaccine. Stuart lets stay on that theme with the stimulus package no matter who wins. Stephen moore is with us would you say thats accurate that no matter who wins there will be a stimulus package after the election . I will first contend that the reason see this kind of optimism this morning in the stock market with these features, stuart, is because trump surged over the weekend. Its become an incredibly competitive race. I would give slight odds with bottom biden, but not much. Stuart he has surged nationally still behind, but in the battleground states he is even or sometimes slightly ahead. So, you put some optimism because of trump surge over the weekend. What about a stimulus package . Let me finish this point. I believe for investors theres no question about it that trumps agenda is more bullish than abiding packs increase in corporate taxes and so on. The stimulus plan is kind of hard to figure out. I have been talking to friends at the white house about the plans after the election. If trump wins, i think there will be a deal with nancy pelosi, it wont be true 2 trillion, may be a trillion and a half which is still huge if trump loses, its hard to predict what happens. What will nancy pelosi do, will she take a harder line position than she has . Could they make a deal in the weeks before joe biden takes over . Hard to predict, stuart. Stuart optimism about a stimulus package is not out part of the optimism on wall street . I dont believe stimulus packages are actually good for the economy. In fact, when we have such massive debt and we have already spent two and a half trillion 90 see a lot of the package that will be positive for the economy. I am saying i think one way or the other there will be a stimulus package. The question is when it happens. If biden wins democrats may say we will wait until joe biden takes over and pass a massive massive at three to 4 trillion spending bill. Look at the biden and gender and its loaded with spending. I think you will have a stimulus, but it will be delayed under biden democrats will say i we will not deal with donald trump anymore, hes a lame duck. But if trump wins you could see something in two weeks. Stuart we have a soft market rally this monday morning before the election. A trump rally, stuart. Stuart i will call it a trump rally if you like. By the way, who do you thinks going to win . I think the momentum im going to go with the momentum, another trump shocker. Stuart okay. You are on tape, stephen moore. Thank you appeared got this in from facebook, the are temporarily halting recommendations on political groups. Lauren, what is that mean . Lauren they will no longer recommend political or social issue groups to users. Its a temporary move. The worry is their algorithms make these recommendations and sometimes those groups spread misinformation and encourage discord, extremist activity and facebook wants no part of that so that changes are in effect now until sometime after the election and about sometime after the election, when we have a winner. No one knows, so i cant wait for tomorrow in the days after. Not wiki waking up wednesday morning with an answer. Stuart you dont think so . Lauren no. Stuart we are looking at a rally when the market opens. On your screen, plenty of cream, of 350 on the dow jones. Nasdaq up about 80, 90 points with a solid gain we will be back with more on this monday morning rally. Before voltaren arthritis pain gel, my husband would have been on the sidelines. But not anymore an alternative to pills voltaren is the first full prescription strength nonsteroidal antiinflammatory gel to target pain directly at the source for powerful arthritis pain relief. Voltaren. The joy of movement. Do you have a Life Insurance policy you no longer need . Now you can sell your policy, even a term policy, for an immediate cash payment. We thought we had planned carefully for our retirement. But we quickly realized that we needed a way to supplement our income. If you have one hundred thousand dollars or more of Life Insurance you may qualify to sell your policy. Dont cancel or let your policy lapse without finding out what its worth. Visit conventrydirect. Com to find out if you policy qualifies. Or call the number on your screen. Coventry direct, redefining insurance. New projects means new project managers. You need to hire. I need indeed. Indeed you do. The moment you sponsor a job on indeed you get a short list of quality candidates from our resume database. Claim your seventy five dollar credit, when you post your first job at indeed. Com home. Stuart three and a half minutes to opening bell and we still have teachers showing a lot of green. Jason katz back with us. Jason, will you explain this rally to meet . Look, we had selling exhaustion last week with a 6 decline, so this morning you have a bit of the quiet before the storm. We may not know the results of the election tomorrow, but at least the election will be behind us we have thus said later this week, thats going to reiterate they will be incredibly accommodative and i think people know regardless of the outcome of the election in one way shape or form we will get stimulus. Stuart so, you have stimulus. You have the end of the election in a couple days theoretically, but you also face lockdowns because of the second wave of the virus. Isnt that a negative for the market . Without a doubt, i mean, last week i would argue the vast majority of the selling was a result of people extrapolating whats happening in europe will happen here and even if we dont have the political to occur in the United States at a minimum its going to impede global growth, so that was a big part of recalibrating earnings estimates for Multinational Companies stuart a lot of our viewers in talking to me say we are worried about the lofty levels of stock prices given the uncertainty of the election and they are thinking about bonds. I dont think much to that because you dont get much in bonds, so whats your opinion . I think you have heard me say this before on your network and about the bind longduration bonds is paramount to stepping in front of a steamroller to pick up a dime. I would argue theres more risk in longduration fixed income and the longterm bonds than in equities. spanking its hard to be bearish on equities given how low shortterm rates are but with the fed targeting inflation excuse me, averaging inflation not targeting it by definition they will let that run hot. All this money printing will ultima

© 2025 Vimarsana