Transcripts For FBC Varney Company 20160630 : comparemela.c

Transcripts For FBC Varney Company 20160630

First debate received an illegal contribution. Lets get to your money. Steady as she goes one week after the british vote, up 550 points on the tao the last two days opening ever so slightly higher. Next question, why didnt this diamond cell . It is the size of a fist, went up for auction, didnt meet the reserve price, was withdrawn. Maybe in diversionary times diamonds no longer draw big money. Boris johnson out of the pm race in britain. Varney and company is about to begin. A chance to end the outrage of extreme poverty. We can realize our goal of the first aids free generation. We are fighting Climate Change. Lets bring it into force with you. True equality for our fellow citizens. Our work wont be finished until all women in our country are truly equal. We will continue to welcome refugees. These are universal values and we must be bold in their defense. Stuart that was it, that was a wish list of liberalism from president obama. Wipe out poverty, aids, Global Warming, bring those refugees in. We have a lot more on this coming up on this program today. An update on terror. A series of american airstrikes killed 250 isis fighters driving in a convoy outside falluja iraq. 40 vehicles destroyed, despite 24 hours after the triple suicide bombing at istanbul airport, Turkish Police have arrested 13 suspects in connection with that bombing. Authorities say the attack has all the hallmarks of isis. No claim of responsibility yet. It has been revealed that the bombers were three of them from russia, pakistan, to the markets, looks like a slightly higher open for stocks today. In the background, reports out that Boris Johnson will not run for Prime Minister of Great Britain. We are not sure how this affects our markets but britain trump is not going to be the Prime Minister of britain, no impact on america thus far we believe. S p futures up ever so slightly. I will call that flat. The price of oil flat, it is down about a buck and is at 48 a barrel. Individual companies on the move today, tear one losing money, weaker sales. It will be down big at the opening bell in percentage terms, you might say this is another retail ice age story. Something similar, Tractor Supply cutting it up, red arrows down about 6 , 7 . Back to the bombshell report we brought you at the top of the program. Loretta lynch, attorney general privately meeting with bill clinton, husband of hillary. Agenda napolitano, we are dragging him out of vacation and putting him on the phone and he is with us this morning. I say this meeting should never have taken place. It is a flatout conflict of interest and the attorney general should recuse herself from this case. And i going too far . Judge napolitano i dont think you are going too far. I agree with you as does much of the Legal Community this morning which is waking up to what these two folks, the attorney general and former president thought would be a wellkept secret. Imagine at a major city, the remotest part of it, she gets onto her private jet, impossible for the media to know what is going on. What they have concocted by would this have happened or what they have just talked about their grandchildren . The attorney general is the chief Law Enforcement officer of the land. Her agents and lawyers, more than 100 of them, two serious, the investigation of bill clintons wife, Hillary Rodham clinton, it is inconceivable that she would permit herself to have any kind of contact with the husband of the target of a criminal investigation. The appearance of impropriety is so profound, no one could accept that she is now neutral in this case. Stuart thanks for joining us this morning on short notice, we really do appreciate it. Get back to your vacation. Judge napolitano thanks very much. Stuart a political commentator, you just heard what the judge had to say and i think the attorney general should recuse herself from this case at the very least. At the very least. I think it is a resignation matter. This is the second time the administration has done Something Like this. Back to the irs scandal, what you see is what out to be an objective, nonpartisan government brought to bear to support the democrats. I cannot imagine she was in a private plane where it happened, this is not right and stuart it is not what they talked about. The attorney general said they talked about grandchildren but that is not the point. The very appearance of conflict of interest is the point. It should never have taken place. It was secret. Does she need to park her private jet next to his private jet and chat about grandchildren . Stuart it doesnt pass the smell test. That is the line of the day. I have more for you later. Im staying on politics. Hillary clinton up 44 to 38 over trump in a head to head matter. Clintons currently is just inside the margin of error. Since the last poll clinton has slightly widened her lead. It is now 4438. That is fox news poll, Hedge Fund Billionaire and gop donor paul finger says Donald Trumps presidency if he were to be president could create a depression. I repeat a depression. Art laffer is with us, former Economic Advisor to Ronald Reagan. Is mister singer in any way accurate . Depression globally . I dont think he has the information that would allow him to forecast that. From what i see, taxes on corporations and individuals it would be just the reverse. I dont know what paul is talking about. I know paul fairly well, he is a heck of a good guy and very good many manager but i think he is wrong on this. Stuart he could be referring to Donald Trumps stance on trade. He is flatout a protectionist talking about tariffs on people bringing imports into america. That is a reversal of 50 years of Economic Policy in america. Maybe that is what he is referring to. Maybe he is but that is also what Hillary Clinton stands for and Bernie Sanders. The way i read it donald trump is less protectionist than either of those two. I am very afraid of trade protection legislation and action i dont think that is what will happen under donald trump. Stuart he came out and said it. Tariffs on stuff coming into america. His latest speech did not say tariffs on all those products. He has modified his position of the time. I dont want to defend him on his trade positions, all i see is i see him evolving as all politicians, every single one of them does not have a clue what trade is all about. It is not about jobs. It is about creating valuable income where we can diversify what we produce and raise income level dramatically and when we put on protectionist legislation there has never been an improvement in jobs but there has been a huge destruction of the value of income the caused decline. You are absolutely right, protectionism is wrong wrong wrong. Stuart is there any way you can figure out from what donald trump has said that he could in fact bring back steelworker jobs to the pittsburgh area or other heavyduty manufacturing jobs to other parts of the country . Of course he can but not by putting up protectionist legislation, by lowering the Corporate Tax rate 15 , that will bring them back really quickly. The reason we dont produce jobs is not rocket surgery. If you have two locations, raise taxes in b and lower them in a, producers and manufacturers will move from b to a. That is what has happened in this world and it is a tragedy and he will bring jobs back if he brings on tariffs, it will hurt the economy, that is all there is to it. Stuart please get to mister trump and sort him out about protectionism. By the time he is president these people evolve on this, trade is not a natural intellectual area for anyone other than economists and all economists left and right agree freetrade is the right way to go because we studied the subject and he will move towards that im sure. I would be very disappointed if he doesnt but Ronald Reagan move towards that very nicely and i think donald trump will too. Stuart a moment of reassurance from art laffer. Other subjects for you, do not go away. Still on politics, still on donald trump. Fox news poll most voters feel donald trump is, quote, hotheaded. 89 of those contacted say he is hotheaded. With your calm british accent, the we use. This is something donald trump people should be worrying about. I try to be positive, he got rid of corey lewandowski, that was a positive first step but he has got to replace them with someone who speaks policy. Policy is not mister trumps forte. Fighting Political Correctness is his forte. He needs to be the grown up in the room. He needs to get some people around him with sensible policies. Liz he was considered a hothead. Who will handle the 3 am phone call . Will mister trump overreact and trigger a geopolitical crisis or could Hillary Clinton, political strategist. Stuart it is not good if tween 9 out of 10 people think you are a hothead. That is not good. Do you think Boris Johnson suffered from the same image . If youre just joining us Boris Johnson has dropped out of the race to be future Prime Minister of Great Britain. A bombshell report came out earlier this morning. There are parallels with the trump situation. The guy who is likely to replace him as the lead candidate, a sensible, steady guy, he said he was not persuaded that boris could be a sensible leader. Donald trump is in the same exact position. Hillary is it is frustrating to republicans, all donald trump needs to do is just wised up and settle down. That is it. She is so beatable. Stuart last word to lizzie. Liz i am on the spot here. I cant follow that. Trump did close the gap after the orlando shooting and could close it afterwards going on in turkey but louise is right. Does he have time to settle down and professionalize his campaign . Stuart four weeks to the convention. 38 is not good. That is primary vote level. He needs to act like he wants to win a general election. We will look at the futures market. This is how the dow industrials are likely to open, a little higher. No impact from the Boris Johnson announcement from britain this morning. It looks like we are on the road to a recovery from the british vote. Looks like what is going on in britain has no impact on us at all. Up 10 or 11 points. Look at this. An interesting video. A rescue on a roller coaster in oklahoma city, tom it is called the silver bullet. A right at the front or city amusement park. Most of those trapped were children. The Fire Department rescued them all, people in the front car got out first must be nerveracking, is it not. Just in time for the july 4th weekend. Stuart senator Elizabeth Warren has blasted americ technology company, she says apple, amazon, google, they are monopolies and they act like it. Do something about it. Can you call this a big win . 250 isis fighters killed in an airstrike in iraq . We ask former general y werent we taking them out like this two years ago . More varney in a moment. This man creates software, used by this bank, to protect this customer, who lives here and flies to hong kong, to visit this company that makes smart phones, used by this Vice President , this little kid, oops, and this obstetrician, who works across the street from this man, who creates software. They all have insurance crafted personally for them. Not just coverage, craftsmanship. Not just insured. Chubb insured. Stuart for a long time oil the stock market driver. Not so much these days. It is in that narrow range of 40 a barrel down a buck today. Tomorrow we get the latest read on the number of oil rigs in use in america. That could affect the price. Higher profits at the Parent Company of olive garden, darden. Sales disappoint, down a couple bucks in the opening bell. Look at this, the drugmaker, positive news on results of an Ovarian Cancer drug. Yesterday it more than double. It will down a couple bucks a day. We bring in doctor siegel about this development in the entire very and cancer drug at the end of the current our. Terror. A series of american airstrikes killed 250 isis fighters driving in a convoy outside falluja yesterday. Why werent we doing this two years ago . I cant answer that. This was a tactical strike, a good strike and i guarantee special operations on the ground identified and marked these targets, precision bombing made a huge difference but it is a tactical operation. We yet could have a strategy that would actually make this and other similar strikes come together to make a difference in terms of the future of isis. Stuart we take a look at a map, a map that isis revealed, revealing their covert units spread across the globe. This is from isis. They released this map just hours after the istanbul terror attack, the riskiest areas include the united kingdom, spain, france, germany, russia, turkey, john kerry says isis is on the run. That they are losing. What are your thoughts on that bearing in mind that map . Be change keep in mind john kerry also said allowing iranians to have a Nuclear Weapon as a result of this yearend deal was a good idea so his credibility is not that high on this kind of thing. Isis is not on the run. Isis is expanding, they are in 19 countries. What we did killing these 250 isis fighters needs to go into libya. That was their new base of operations and needs to extend to other places where we can clearly identify isis buildups, isis Training Camps, isis preparation areas and we need to go after them which is why i say this is a tactical success but it is not tied to a strategy that gives us some reason to believe we are going to be successful at destroying isis. Stuart thanks for joining us, always appreciate it, thank you. Take a look at the broad market indicator, your attention back to what is going on in the market today. It is slightly higher at the opening bell. The fallout from brexit is evident in markets around the world. Who is that . Something to do with the brexit vote. The leave campaigners are happy the day after the vote. Will other countries follow britains lead and drop out of the European Union . That could be real trouble for our market and everybodys market. We will see. Democrats on the federal Election Commission try to punish fox news for holding a two tiered debate. The candidates received an Illegal Campaign contribution in the first debate, they say that was an Illegal Campaign contribution. Not sure we can explain that. If youre taking multiple medications, does your mouth often feel dry . A dry mouth can be a side effect of many medications. But it can also lead to tooth decay and bad breath. Thats why theres biotene, available as an oral rinse, toothpaste, spray or gel. Biotene can provide soothing relief and it helps keep your mouth healthy too. Remember, while your medication is doing you good, a dry mouth isnt. Biotene, for people who suffer from a dry mouth. If you have medicare parts a and b and want more coverage, guess what . You could apply for a Medicare Supplement Insurance Plan whenever you want. No enrollment window. No waiting to apply. That means now may be a great time to shop for an aarp Medicare Supplement Insurance Plan, insured by Unitedhealthcare Insurance Company. Medicare doesnt cover everything. And like all standardized Medicare Supplement Insurance Plans, these help cover some of what medicare doesnt pay. So dont wait. Call now to request your free decision guide. It could help you find the aarp Medicare Supplement plan that works for you. These types of plans have no networks, so you get to choose any doctor who accepts medicare patients. Rates are competitive, and theyre the only plans of their kind endorsed by aarp. Remember these plans let you apply all year round. So call today. Because nows the perfect time to learn more. Go long. You guys be good[ bark ] ill [ bark ]later bye. See ya pal. Ever wonder what your pets do when you leave home . [ laughing ] aw you cutie pie. Aw. Aw. Aw. Aw. [ barking ] [ washing machine running ] partys on know what your pets are up to with xfinity home. Xfinity. The future of awesome. See the secret life of pets, in theaters july 8th. Stuart we are 300 points away from where we were with the british vote but this thing may not be over. And other countries follow britains lead and they and to leave the eu as well we may have a real problem. Who might be next . I dont think there will be any more referendum votes but i think the Euro Currency is in danger of falling apart. Without british money you may see greece leave the euro in the next 6 months. But when there is drama for you and that is what i want. How about Boris Johnson, stabbed in the back . Slightly stabbed in the back. Michael rose may well be the next british Prime Minister, he was the man to leave the country. Stuart we asked to get all of that in and she did it in 30 seconds. If you are not careful you will be back. One last check of futures before the market opens, we will be up ever so slightly by six points. I w

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