Transcripts For FBC Varney Company 20140613 : comparemela.c

FBC Varney Company June 13, 2014

There goes the president ial bid is just an opinion. Varney and company is about to begin. Stuart check out the of big board not much of a recovery with the todays selloff we were down 200 derek is 157. The s p 500 is up six coming off the 1950 a couple of days ago. Oil. 107 a barrel 106. 60 that is all about to iraq. Price line is buying open table a and online restaurant reservation company at 2. 6 billion. Of cash looking at open table go up 33 points but price line is down 18. Not a big deal on a 1,002 stock but the point is that is 2. 6 billion for a restaurant reservation company . They are amazing. The reason i fell in love with this over one year ago i met a guy who works at a hotel in the city they started a company similar. They explain to the monopoly that they have created it is amazing because the more restaurants they sign up of more restaurants have to sign up to the point if you are not on open table you are nobody. Than they get for every reservation that they make they get a piece of the action. Is an amazing bottle. Price line is behind them they could supercharge thats. Stuart the online reservation company for tables and a restaurant. Heres what happened price line open table is lifting all the other Online Reviews stocks. Technology Technology Technology everybody is moving forward in this area. I am not surprised to see open table is bought out a yelp anybody want to buy that . And grubbing of is seamless. And i just called my placed directly by yet everybody uses less and that is the wave of the future. Everybody in my neighborhood peon up. I can tell them all in my brain but the weight of the future is technology. Stuart you are a neanderthal. [laughter] now going to the serious stuff of the day scrambling with the al qaeda inspired militants to push to the capital driving machine guns mounted on a pickup truck s throat drove into town last night close to baghdad looked at them that you can see which cities are occupied held by the militants and others partially held. The Obama Administration is still considering options on how to help but the bottom line is iraq is split into three and did my opinion never be made whole again. We have of former cia covert operations officer, michael baker. In my opinion i rapid is divided into the kurds indicia and the islamists. I dont see how we put it back together no matter what america does. They have very few options in this has to be a surprise to a lot of americans who are focused on domestic issues on thinking about iraq for a long time. Afghanistan has been the issue but this is possibly the most serious and successful advance by al qaeda since 9 11 frank klay and if the extreme muslim group is able to get a majority of the iraqi sunii to join in the fight then yes we could end up with a divided iraq to redraw the lines that were drawn over a century ago. Stuart said shia controls all oil fields the kurds control the north. Is unlikely the insurgents could get of a grip on the oilfields the way they stand now . They will not have success in the north where the kurds have been operating for some time. They are in a dispute with the Iraqi Government over the of control of the major northern oilfields. A strong powerful force up there and i dont cv isis pushing into that area but the south frankly i think iran will play a key role. Local what isis has done with have already taken over a very important city for their purposes fallujah, the iranians have stepped in to realize how serious this is as opposed to our Current Administration and i think the iranian troops will be on the ground if not already from the shia Iraqi Government. Stuart how do you feel . We lost 4,400 people men and women in uniform and on the battlefield. 100,000 people to serious injury including posttraumatic stress disorder. How do you feel . It is disgusting but discouraged administration their Foreign Policy collectively titled think they could organize pannikin a submarine. It is the weakest policy in modern history. Regardless of a persons view of what we first went into iraq in 2003 the truth is if we had stayed there in support of the government over a period of time i believe we would have stabilized to the point they could have held on and prevented the breakdown and a return to sectarian civil war on like civil where unlike afghanistan is always a basket case and we should not have been there longterm debt tactical was brilliant after 9 11 but iraq was a different matter. What we have done now is thrown its to say were not contemplating Ground Troops but the iranians are. And right now they say we will not allow terrorist to take over iraq. Stuart incredible. Thank you very much. Back to the stock market have movement on but was a door stopper. Look at intel the 10 year high of 7 almost touching 30 a share. They say stronger demand for business pc that is why the stock is up so much. Our Senior Technology correspondent, samantha, unt il tells us the future of business is not the handheld mobile but the old pc . Look at it from two different standpoints the reason why those sales may have been up think about tablets and mobile devices you are relaxing in joining content. In the office there is still the issue to find the keyboard to use in a way to conduct work. People still want laptops and computers away from tablets but also sales might have to do with the fact that it is time for people who have not upgraded to reduce those. Stuart so parts of the upgrade cycle. I know that microsoft is up. It is up nearly 2 . I appreciate that. Good stuff. With the price line deal that blew me away. 2. 6 billion for a restaurant reservation company that also what it does for price line. It seems it is now the amazon of travel. That is part of the point of the onestop shop. We dont know what that Reservation Technology will do because they also own kayak. Stuart new book a flight the end of hotel it. But it makes sense facebook is trying to do so many Different Companies once you are on a side table and to keep you there longer to even have been the backdrop when you are working and that makes sense stuart i am fascinated by the size of the behemoths accumulating up goes the stock and often using stock as currency. Through one area, a travel all the way through to purchase anything on amazon all the way through. It is your generation doing best. But it does remember why go to all the different sites . Thank you very much. Here is what else we have brazil beats croatia. In into hedges own goal. They have other terms as well. Brazil recover they won. The second round of the u. S. Open has already started he led the pack after the first round and was five strokes below. But nicholson was five shots back going into the second round. Beating the heat game four of the nba finals they lead but gave the five tips off sunday night i bet Charles Payne will watch the basketball not soccer or golf. Charles i did a wonderful analysis of the spurs on my show how you can invest in the stock market and live your life based on the fundamentals of hard work and had. Stuart there he goes. [laughter] i did not brag about guilt and that is up huge because we make a good team. Stuart to ways to look at this as good humanitarian policy or it is a rotten hit on taxpayers the 2 billion of taxpayer money that will pay for the droves of immigrants crossing the border. The president invited them in now you will pay. Baby that is why the unknown teapartier guy unseeded eric cantor. After the break. Can you start tomorrow . Tomorrow were booked solid. We close on the house tomorrow. Tomorrow we go live. Its a day full of promise. And often, that day arrives by train. Big day today . Even bigger one tomorrow. Csx. How tomorrow moves. 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Its a long story. Well, not having branches lets us give you great rates and service. Id like that. Experience a new way to bank where no branches great rates. Ally bank. Your money needs an ally. Stuart where are we . Down 200 points now back up 42. Where is the price of gold . It is up 0. 10 that is hardly a of a rally. We are up but the price is 100 1,006 106. 57. Now ford has the recall for the Chevrolet Camaro apparently as drivers and a can bump the key fob to make it out of the russian position. That is enough to bring that recall that is the total recall for General Motors 16 million cars the stock is up 0. 6. Google once you to get in shape with a Health Tracking device called fits almost everybody has one. Bell the senate voted to give the Obama Administration and 2 billion to handle the dramatic increase of Child Migration across the southern border it is more than what the president ask for this brings back the whole issue of immigration. When the news arrived those youngsters flooded across the border that was largely unpopular but popular with the hispanic voters. Of course. Look at what happened in the seventh district of virginia. People said immigration is of major issue when they pushed the of but in against eric cantor. Stuart was a those kids . We got that right before the primary was that the straw that broke the camels back . Even three days before we saw doubledigit numbers going in favor denigrates the voter turnout. But people talk about personal responsibility they did research they did not rely on anyone else or the advertisements are commercials and they had their minds made up it was the motivation. Stuart but you were still shocked dont tell me when david won by the company end points. But not that eric cantor or lost i am shocked when any establishment candidate wins when they vote to repeal the sequester and pushed immigration and raise taxes and salted Small Business i was shocked he could mount a campaign in any way. Could a Tea Party Candidate win any fraction of the hispanic vote . And i talk about putting food on the table or how to pay with health care it does not matter of any other color talk about the American Dream you have a chance. Stuart the democrats will say you are mean to the core how do denied those Youngsters Health care and food they come across the desert. Well get them. Do you thank you could win a the hispanic vote coming at you like that . If youre not coming across the border and there are posters saying let your child lives the American Dream of parents are actively recruited. That is the reports i am seeing. This did not magically start for no reason somebody is saying send your children parents are lining up to adopt. There is a reason we have seen the influx. The timing is great with the American People say secure the border for cost i dont put the and address any Immigration Reform coming to right now i cannot trust them on benghazi or any of the nine scandals in 51 percent do not see obama as trustworthy. Stuart i am not knocking the discussion i worried that republicans will not win dave the way they are supposed to with immigration the reason why you see obama pushing this he realizes america is waking up listening to the educated thought since i cannot trust this president that is why he needs more voters in the grants or felons will have the right to vote. Stuart you make a compelling case. Compelling. Stuart our gas not shying away to criticize the president this week. Coming up next. Are the largest targets in the world, for every hacker, crook and nuisance in the world. But systems policed by hps Cyber Security team are constantly monitored for threats. Outside and in. 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The idea the United States can draw a circle around itself to not be affected when the world goes up in flames spinet the presidency is unraveling by his own hands. Nothing with externality events all the scandals that you mention are direct results of the president s policies and the environment he has created from his administration. Stuart and those, is to not hold up with Vice President joe bided predicted four years ago with our mission in iraq. I am very optimistic about sirach i think it will be one of the great achievements of his administration. Stuart that did not work out. Charles is year but david nelson predicted what is going on could be the of blacks want event that comes out of nowhere. Charles i have written a lot about the mounting violence in iraq but not the speed with which it came but everybody do this would fall apart. The middle east goes back to the years 632 so that this would be the most outrageous things that could happen i dont buy it. Stuart you dont think what happens in the middle east currently will take the market down to end the rally . Charles the black swan is extraordinarily rare. This is not extraordinarily rare not onceinalifetime it happens every other day. It is commonplace. Talk about getting out of afghanistan in a responsible way. But everybody goes the same direction the only reason this is mitigated is the Oil Production in america. Why keystone has more permits with gasoline and crude this is nuts. The reason why it is the of blacks won because of the miracle of fracking. Stuart 106 a barrel by now. What is it doing to gas prices pushing them up right now . The National Average is 3. 64 on the way up just a little bit but gas could spike may be one dime a gallon. Leges to joins us now. Argues strong on that prediction 0. 10 higher because of iraq . I think in the next few days we have seen the reaction in the marketplace over the last four days or wholesale prices are up through six or 0. 14. One does not need to be cannes John Maynard Keynes to see this. Stuart but when i go to my gas station and i expect to see the guy changing the science will it hit this early . And once again the of messenger will go to the message because we will see prices reached the highest level since march 2013. It will not be apocalyptic but you will notice five or 0. 10 and it is on what has occurred to from the of World Oil Price as well as what has happened for trading in the futures market. Stuart california is already 4 a gallon in those are big populat

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