Transcripts For FBC Varney 20240703 : comparemela.com

Transcripts For FBC Varney 20240703

Stuart our producers chose this song on the grounds all of us think this has been a very long week. It has dragged out. It seems like a very longer we can we are glad it is friday. 10 00 eastern. A mixed picture. The dow is 39922, fractional gain for the s p, fractional for the nasdaq. The 10 year treasury at 4. 40 , up slightly on the yield side. The price of oil close to 80 a barrel, 797. Now this. Friday, may 3rd, a truck rolled to the front gates of the Marine Corps Base in virginia. The driver said he was making a delivery to the post office since he had no affiliation with the base, he was directed to a holding area. He didnt stop, he kept going and tried to get in. That would have been a serious security breach. The driver and passenger were jordanian nationals, both in the country illegally. Now in custody. The acting director of the Immigration Service was asked if one of those was on a terror watch list, i cant confirm anything like that. You know why the question was asked. The one. 7 million known got aways came across the border on President Bidens watch, how many terrorists. Not implying guilt or innocence of two jordanians but with more in the middle east and islamic terrorists threatening attacks in america you can understand folks being alarmed by jordanians or any other foreign nationals trying to get into a Marine Corps Base, why did it take two weeks for the story to get out . The last thing our open border president wants is a terrorist attack linked to immigrants. This kind of thing is a political nightmare for biden. The border is an open wound. Blaming trump wont work, 5 months to the election, one terror incident linked to the open border and biden is toast. Second hour of varney just getting started. Stuart tammy bruce on friday morning, this case raises the anxiety level all around. It s a reminder. There have been attempts to not talk about things for a couple years, they were saying the southern border was closed, gas lighting the American People but like with inflation you might say it doesnt exist but our daily lives are affected by this kind of thing. Just as an example, think of the southern border, the northern border, to customs and Border Protection reported for fiscal year 23, saw 189,000 northern border encounters, 73 increase of 22, and a 597 increase from 21. Those are encounters. Imagine who is not encountered. Those are the issues. We think september 11th, how many people did it take, 19. Americans are being kept in the dark by the authorities, by our own government, we know as a result from our daily lives that something is not right, things are happening, people making plans, living their lives based in a way of presuming things are fine but perhaps thats not correct. I will remind you september 11th happened with george bush, at the beginning of the term so it is one thing for them to try to stop anything happening this year, we have to look to next year with the result of all of this coming together. Stuart turn our attention to the trump trial, Michael Cohens Robert Costello says cohen is on a revenge tour. Watch this. One thing you are not reporting yet is bsides making that statement, i dont have anything on donald trump, he also said more times than that answer, guys, i want you to understand, i will do whatever i have to do. I will never spend the day in jail and slammed his hand on the Conference Room table. What does that mean to you . This guy is saying i will lie, cheat, steal, do whatever i have to do, i am not going to jail. He did go to jail. Who do you think he blames for that . Stuart dramatic and cleancut stuff. It should be in the trial, shouldnt it . It depends whether you are the defense or the prosecution. The more is a said, the more themes can be opened up. Already i think the defense feels they are in a pretty good position in this regard. You want to open the door for more conversation in this regard. With what we just discussed, cohen is a useful idiot. Youve got this dynamic but keeping donald trump off of the campaign trail, an incredible distraction as so many elements of our country are beginning to fray, the situation with the jordanians, looks like that was a test of our system. News is coming, cohen and trump and that is what the democrats prefer, that kind of kabuki theater going on. Clearly after a witness like cohen, youve got to have somebody on corroborates what the weird guy said and since they are not doing that, they understand the disaster and the defense, its a matter of why i try to fix something if you wanted to be what it is. You dont want to touch it. Stuart see you soon. Even msnbc doubts Michael Cohens credibility in court. Lauren trumps attorney catching him in what looks like a lie. The punches are building cumulatively. Tuesday there were bruises and today there is blood and the collective view is there are moments the jury will remember instilling or adding possible doubts about Michael Cohens longterm credibility. All of that accrues whether jurors go back and say i doubt if hes telling the truth about an element of the crime. Trumps committal intent in 16. They are landing belows. Neil we heard from others on the mainstream media, something for jordanians to consider. Michael cohen is the prosecutions star witness and where is the crime . And you have a city where trump is hated, these jurors feel they are being played for fools as they sit in the courtroom. Stuart doesnt go down well in new york. Back to the markets, 40 points higher, nothing for the s p, nasdaq is down 13. Ray wong joins me now and i want to talk artificial intelligence. If it is microsoft versus google, which one are you taking . Tough choice, happy friday. This is the battle of the ages, microsoft versus google, both have been spending a lot of capital expenditures. Google is spending less at the moment, monetizing more. They do a good job to the market. And stuart what if these companies add to their bottom line, add to their profits from ai. You are seeing it in development crossing, at least one third. On the back end, that is for them. 30 per user per month. And they are starting to roll out any business applications. Last week or this week, and into androids, into gemini and what gemini is doing is search results like advertising revenue. Ai is playing a role. Stuart everything is going into ai. Theres an enormous amount of money going in and expectations are very high. You think we might get a bust at some point . I dont think so. Theres only a few players. Microsoft and google, micr, microsoft has 14 billiont quarter, 12 billion last quarter. It is a scale game with a lot of competition at that level. Stuart thanks for joining us. See you later. Lauren is looking at the movers. Microsoft is moving down. Lauren a great story from the wall street journal. They plan to put the new call of duty a video game on their subscription service, used to be if you want it you buy it, that would be a huge shakeup of microsofts strategy. Now they own it, the deal has cleared. Activision is the maker of call of duty, a huge franchise, lifetime revenue of 30 billion and you have to subscribe to get it. Thats a game changer. Stuart stock is down. Lauren bank of america double upgraded, price target 24. Retail engagement that peaked three years ago and declined and came back a little bit is all good for robin hood. Very bullish on them. A double upgrade, robin hood stock is up 7 . Stuart Cracker Barrel is different. Lauren stock is down 15 . They cut the dividend or to their restaurant and brand overhaul. Stuart stock is down 14 , neil cavuto grilled of the white house on why biden keeps making false claims about inflation, got to watch this. Neil why does he keep saying that . Hes making the point factors that caused inflation to climb to 9 were in place when he took office. Neil that is not what he said. Stuart it gets better. House ways and means chair jason smith responds to the 9 inflation later in the show. The worlds number one golfer Scotty Scheffler was arrested before the pga championship. He just teed off. Details on this developing story all through the show. We will be back. Inside every splenda product is a mission. To help people live happier healthier and longer lives by making it easier to cut out sugar. From our factory to our stevia farm, splendas team of over 2000 individuals are dedicated to helping people live their best lives. Taking pride that everyday millions say i use splenda. and now sweeten drinks wherever you are with splenda zerocalorie liquid sweeteners. Try all three. Available in the baking aisle. Stuart lawmakers from both sides are teaming up to throw out bidens ev tax credits. What problem do they have with of these ev tax credits . Reporter they think these tax credits will send taxpayer cash to chinese businesses so a Bipartisan Group in congress is trying to stop that. Carol miller, jared golden joining senators joe mansion, deb fisher, Sherrod Brown and marco rubio joining forces introducing a resolution that would revoke bidens tax credit saying there is too much flex a believer automakers to use the credits to buy materials from china, ultimately enriching our adversaries, not american businesses. Carol miller saying not only is this rulemaking clearly illegal but is also a betrayal of american manufacturers and producers. Our adversaries should not have access to american tax credits plain and simple. Senator Sherrod Brown adding he cannot allow american tax dollars to enrich Chinese Companies attempting to infiltrate the American Auto supplychain. We created this tax credit for americanmade cars and it needs to stays that way. This resolution with strong backing of democrats in the senate has a chance of sailing through congress but President Biden has to sign off on it and ultimately he could decide to veto it. Stuart time will tell. President biden says he will not reauthorize trumps tax cuts which are set to expire at the end of next year. Congressman jason smith, republican from missouri, chair of the house ways and means committee, what happens if all the tax cuts expire . If the tax cuts expire which is what the desire is, President Biden will see every american face a tax increase. 4 trillion worth of taxes will expire at the end of next year, that means every day average americans, for example, who receive the child tax credit, trump raised it to 2,000 a person, that will be cut in half to a thousand, standard deduction which was increased under the trump tax cuts which, 90 of americans use when they file their taxes will be cut in half meaning every individual will pay more in their taxes especially the lower and middle class. Stuart can you stop it . We will but the elections are going to matter. If donald trump is elected, maintain control of the house of representatives and republicans gain the senate we are going to pass a tax bill in the First Quarter of next year to make sure we are protecting, preserving the trump tax cut in 2017, that they will not expire. Stuart if biden is reelected all bets are off, right . Biden has tweeted in the last three weeks and made a Public Statement saying get if he is elected he will assure the trump tax cuts expire. Stuart neil cavuto fact checked white house Economic Advisor Jared Bernstein on bidens claim about inflation. This is mustsee tv, roll tape please. It was never 9 , why does he keep saying that . Let me point out in the very quote who played the president talked about how concerned he was for household struggling with prices he consistently adam not what i asked you. Why does he keep misrepresenting this . He is making the point that the factors that caused inflation to climb to 9 were in place when he took office. The annual growth and corrine inflation and the Second Quarter of 20 one was about 9 and his point about inflation is very much the case. Julie are almost as bad as he is. Stuart mustsee tv. Inflation is a top issue for voters, why do they keep repeating a false number . 9 inflation . Its hard to believe the president can continue to say such untruths and people dont challenge it. I appreciate mister cavuto for challenging, we know inflation is 1. 4 the day President Biden took the oath of office. We also know in the first couple months of his tenure when the democrats controlled the white house, the house, and the senate, they passed a 2 trillion American Rescue plan that fueled the inflation the fire which led to a total of 10 trillion of spending spree that caused inflation that has risen 19. 9 . The months before President Biden took the oath of office when donald trump was in the white house inflation was less then 2 . It all increased under democrat policies of President Biden, nancy pelosi and chuck schumer. Stuart glad you said it straight. Thanks for joining us this morning, see you again soon. Attorney general Merrick Garland suddenly explodes into chaos. What happened . Lauren this is epic. I will say it is embarrassing. Its a girl fight, it happened between Marjorie Taylor greene, jazmine crockett, and aoc. Watch. I would like to know if any democrats on this committee are in touch with seans daughter. Do you know over here . You are messing up. Order. Absolutely unacceptable but how dare you. The appearance of another person. A baby girl. Dont even play. Baby girl . I dont have words for this. Marjorie Taylor Greene was asked to destroyed her disparaging comments about someone elses personal appearance from the record and she agreed. She was talking about congresswoman crockett. Instead of ending it, i had seen it, crockett said, quote, if someone on this committee then starts talking about somebodys bleach blonde bad built. Body, that would not be engaging in personalities, correct . They didnt know when to stop. Congressman comber had no idea what they were talking about, false eyelashes, what . Stuart leave me out. It was interesting. Thank you. A jewish graduate student suing the university handling the antiisrael protests, harvard ignored antisemitic incidents. That students will be on the show. 50 progressive staffers tested the house vote to override bidens arms embargo to israel, they hide their identity. One republican said the aids should be fired. Chad pogrom chad pergram on that next. Before planning the big trip you were limping thanks to a bad knee. Then, you heard about mako roboticassisted knee replacement. It starts with a ct scan to pinpoint the problem. That becomes a personalized, 3d plan to guide your doctor during surgery. Mako can help lead to better outcomes, like less pain and shorter recovery times. The lifetime of a knee implant is limited, and revision surgery may be required. Individual results and recovery times vary. Risks of surgery include pain, infection, heart attack, stroke, death, and other serious risks. Ask your doctor for important safety information. [camera shutter] to find a doctor who uses mako visit makocan. Com with dexcom g7, the most accurate cgm, you can achieve diabetes results without fingersticks. See how exercise affects your glucose, making it easier to spend time in range and lower your a1c. Ya know, if you were cashbacking you could earn on everything with just one card. Chase freedom unlimited. So, if youre off the racking. Or crab cracking, youre cashbacking. Cashback on flapjacks, baby backs, or tacos at the taco shack. Nah, im working on my six pack. Switch to a king suite or book a silent retreat. Silent retreat . Hold up yeeerp . I cant talk right now, im at a silent retreat. Cashback on everything you buy with chase freedom unlimited with no annual fee. How do you cashback . Chase. Make more of whats yours. Stuart and hours worth of business, not much price movement, nasdaq up 11 points. Starting with in video. Lauren microsoft said our friendships from nvidia. Nvidia is down 1 . They see the stock going up 76, nice game for 55, they favor legacy airlines. Stuart videogamemaker. Lauren the newest grand theft auto game will not launch until fall of next year and they cut their outlook for the year. It is up 3 . The story broke early this morning. The worlds number one golfer was arrested before the second round of the pga championship. Lauren he is back on the force and teed off moments ago. He is four underpar 411. These are the charges that caught us by assaulting police officer, criminal mischief. On the show, in the last hour. On the driveway to the golf course, the cops clearly had no idea who he was. I would think they would be more informed. There is a tragedy that happened, probably should not have been behind bars. Lauren this is his statement. I was proceeding as directed, it was a chaotic situation, that occurred earlier. There was a big misunderstanding of what i thought i was being asked to do, i never meant to disregard the instructions. Obviously a long way to go. Stuart hes playing on the course. On the capitol steps, dozens of Congressional Staffers protested the funding of israel. Chad pergram on capitol hill. Will they face any consequences . Reporter that up to their bosses. There was no confrontation. Organizers advise the aids remove their congressional id badges and to wear masks. Today, we are gathered as Congressional Staff because too many bosses failed to act. Reporter a message for people to wear masks and take off your ids. And not to identify who the demonstrators were. And they were armed with two large american flags. They elected their representatives. They vote how they want. Of staffers dont like that they should resign. The demonstration came after they forced the administration to lift the pause on sending additional arms to israel, 224 to 180, 16 democrats, some proisrael democrats argue the bill was a gop stunt to divide the left. This resolution has poisoned bills including condemning biden by name and a clear effort to get as little democratic support a

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