Transcripts For FBC Varney Company 20160906 : comparemela.c

FBC Varney Company September 6, 2016

Trending . Hillaryhack. Facebook feeds are full of hillarys latest coughing fit. Were four weeks into the new scripted policy focused donald trump and hes bounced back in the polls and hillary wants to stop the drift. She has a more active schedule in the future, but shes playing defense on scandal. Thats politics. Money, welcome back to the financial action, a new alltime high for stocks could come this week. Isnt it great to be back . I say it is. I mean that. Its great to be back, Varney Company is about to begin. [coughing] for hosting us [coughing] ive been talking so every time i think about trump i get allergic. Stuart fairly good line. Two coughing fits for hillary. One while talking in cleveland and one with reporters. And she joked about trump. The hacking hillary is rampant. We wont indulge in speculation on this program. America is back to work and i say the markets want to go up. Thats my opinion. I think the markets want to go up. Remember, were way less than 200 points from an alltime high. Well be up at the opening bell. Saudi arabia and russia agree to an oil pact without a production freeze. Eye iran supports the this is all talk meaningless. The price is down 44 a barrel. And trump tops clinton. Look at this, 4543 in a cnn poll. Gary johnson and karl rove is with us this morning. I know youre not a big trump guy, but look, the new trump as i define him. Scripted, focus, very much on policy on point, seems to be working, doesnt it . Well, yes and no. Yes, the polls have tightened. I think this may be more an expression of the effect of the conventions in july gave Hillary Clinton a temporary bump at the end of july. The first part of august. If you take a look at the polls, in the fourway, that is those are the polls that include the libertarian and green party, theres a lead in the real clear politics average at 2. 1 for clinton. At the beginning of august, it was around 8 points. In the twoway, just, head to head, the two of them, 3. 3 for clinton, about 7. 1 the beginning of august, so, we usually have an effect of the ce durable. In this case looks like they werent durable and the combination of her decline and his improving campaigning in the past couple of weeks i think has closed this race up about to where it is today on labor day. Stuart do you make anything of this mornings letter, i think it is, from 88 generals, retired, very senior, military people saying they support they endorse donald trump for commanderinchief . Any significance to this . Yes. Stuart will it move the needle . None of these things will be dispositive. But if youre running a campaign, remembering when 50 National Security folks endorsed clinton, gave her three or four days. Nearly 80 generals and admirals endorsing trump will give him a day or two of good press. Were at the point of 60some days left and what you do every day, if youve got a plan to advance your ball and depict yourself in the best way possible, thats what he needs to do. He is the underdog. He has led, excuse me, he has been behind in most polls and led recently in only two National Polls, a rasmussen poll and new cnn poll and hes the underdog and has to find ways to break through. The debates are the best shot. He cant pin it all on the debates, he has to find ways to advance his cause he did so with the visit last week to mexico and saturday morning visit to detroit. Stuart you know, hes 20 points up among independents in that cnn poll. I think perhaps the most significant number ive heard recently. Last word to you. I think thats right. The independents though have been very, very hes led among them in big margins sometimes and been behind. Theyve shown great variability. And those are where the votes from the libertarian and green party and gary johnson is doing well among independents. Theyre going to be flowing around and going lots of ways between now and november 8th and thats where trump has got to focus his efforts, those people. Stuart its great to be back and in the thick of things in this election, come on, smile, this is great stuff. It is great stuff. This is one weird election, one weird election. Stuart ill give you that, karl. Thanks, karl rove, see you again. Thanks, stuart. Stuart how about this, the german drug maker bayer is offering 65 billion bucks for one of the most hated companies in the world, monsanto, its among the genetically modified food liz it makes roundup and it was almost banned in europe and monsanto didnt want the deal so bayer may have to get an approval from a supervisory Advisory Panel to get this company and if they merge they would dominate nearly a third 127. 50 per share. Right now 107. Some say if it hits 130, it will probably go through israel will liz and whats what monsanto is if the germans are at 127. 50, why is it not more . Liz they didnt want to merge with bayer, they wanted a seed business not aspirin and id like to see a European Company end up with the gmohated monsanto. Weve got two stories out of europe. They may not think so, but Angela Merkels party beaten by rightwing pop lists. In her home state she came in third. And a repeated pledge, well have a referendum on frances membership as well. Look who is here. Louise is here with a british accent to boot. Thank you, stuart. Stuart ill try to make this into what it is in my opinion. This is the breakup of europe. I think it could be. What a slap of the face Angela Merkel in her home state, she came in third. The worst ever results for her party, the ruling party in that little local election and the National Paper in germany said it was a huge slap in the face. Stuart for the benefit of people who have never seen this program before, our firsttime viewers this tuesday morning. Tell them why arrange la merkel was beaten into third place . She was beaten in a lousy third place because she flung open the door to socalled refugees who in fact are young men are fighting age that flooded into europe and caused essentially societal breakdown in germany. Thats what happened. Stuart if there were a vote in france, you want to stay in the European Union or leave, it looks to me like theyd leave at this point, wouldnt they . I think it would be very close. Its not so much a skeptic feeling as in britain, but worse with every passing month because of the refugee crisis and marie la penn isnt her dad. She is not far right and nazi, if you like shes the donald trump of france and i think theres every possibility that the next nation to have a vote will vote to come out. Thats why the u. N. Doesnt like referendum thats the end of the European Union. If the brits are out and france is out, what is left, germans . Keep your eye on austria, the far right president might well be elected there and they said we dont want anymore refugees and the eu is trying to impose quotas on the countries in europe. I think it could break up in the next five years and good riddance to bad rubbish. Stuart tell us how you feel. With a british accent you can say just about anything. [laughter] the lone american voice on the show, yes, you can liz well be the judge on that. Stuart i want your stuff on venezuela later. Youre a major hit on the internet, i believe liz it reached nearly 2 Million People on facebook. Stuart they liked your story about venezuela liz and joining in and joining the protest and the amazon delta river region. Stuart the next thing you did, you linked Bernie Sanders to socialism. Its great to be back. The first day of trading after the summer. You know, this is an opinion. 18,636 is the alltime high. Were what, 130odd points away from the alltime high. I think thats worthy of note. The soccer star megan taking a page from Colin Kaepernicks book, saying that white people need to stand with africanamericans. And some saying hillary is in deep trouble because of the document dump. Theres a fresh new angle. A passing note. Phyllis schlafly, founder of the eagle forum, died yesterday. She recently made news when she took the stage with donald trump to offer her endorsement. Trump made this statement on twitter, the truly great Phyllis Schlafly who honored me with her strong endorsement for president has passed away at 92. She was very special. Im going to make this as simple as possible for you. You can go ahead and stick with that complicated credit card that limits where you earn bonus cash back. Or. You can get the quicksilver card from capital one. Quicksilver earns you unlimited 1. 5 cash back on every purchase, everywhere. I shouldnt have to ask. Whats in your wallet . Here is the story. It may be tuesday but we did not forget about the friday document dump from the fbi on Hillary Clintons emails. Weve got a lot to go at with the judge, who is back from his interminable vacation. Very european, i may add. Stuart is that right . Were you away six weeks . A vacation two weeks, six weeks . Nice to be missed. Stuart yeah, yeah, okay. Jump on that. And now lets get it straight. The fbi set a trap for hillary. Yes. Stuart explain it, what happened . Okay, so, before the interview began they took a very the paper version of a very innocuous email from mrs. Clinton to her assistant, huma abedin, stamped it with the word secret on it and then presented it to her, saying do you recognize this document . She says no, i dont and by the way, thats not a secret. Theres no secrets contained in there whatsoever. Stuart so she didnt fall for the trap . She didnt fall for the trap, but she also demonstrated an awareness of the fact that a document contains secrets by sir view of whats in the document not by virtue of whats stamped on it. So, they sort of its a good trap in that it enables them to derive information about her thinking no matter which way she went on it. She didnt fall for the phony stamp, but she also knew you have to read the document to decide whether its secret or not, whether theres a stamp on it or not. Stuart so thats a contradiction of what she said previously. Can the fbi attempt to trap you in an environment like that . Absolutely. Its perfectly lawful. Stuart okay. But many of the things that happened in that interview show me that she was terrified of indictment. And opted to save herself from prosecution at the peril of her political career. Stuart what she said was, sorry, i dont recall and she said that 39 times, covering her legal position. Before you say 39, the fbi failed to record her interview because her lawyers negotiated with their bosses and the Justice Department for no recording. A violation of the fbi regulation. You record an interview. So we dont know what was 39 times. What was released on friday were two documents, a summary, written by a fbi agent of what they learned about her and a summary of their interview with her. Its not the raw interview because it wasnt recorded. In that summary, it is recounted that 39 times she said she doesnt remember, but what she said she doesnt remember is extremely telling because it shows a reckless disregard for what is a state secret entrusted to her or safe keeping and what is not a safe secret, so reckless i think that mayor guiliani made a very good point, she probably could not pass a simple National Security test. If she were an entry level lawyer, applying fob a prosecutor in the federal system, she couldnt get the job because she couldnt get the clearance. Stuart surely, theres a whole lot of material to go at for donald trump on this. Because shes politically exposed by this. She did not have to do this interview legally, but her advisors told her she had to do it politically. Im sure that her lawyers tried to talk her out of it. She opened up doors big enough for donald trump to drive a tractortrailer through with respect to her memory problems, with respect to her saying i had a concussion and i dont remember what happened at that time, and with respect to her utter cavalier reckless disregard for the sanctity of state secrets. Stuart sum it up. Its tuesday, september the 6th, the day after labor day, its exactly nine weeks to the election. They were hoping for new a start start for hillary to come out strong after a period of resting and shes still got to look back at the scandal and offered donald trump material to go at in the next weeks. Its 18 months since the New York Times and fox news exposed it and were talking about it because emails are still coming out. 17,800 work related emails that the fbi discovered that the state department discovered that she failed to return to the state department when she swore under oath she had returned them all. Stuart theres a job for you for life. [laughter] judge, welcome back, great to have you again. You must know that i spent Labor Day Weekend reading all of this stuff. Stuart yeah, because its a long, long, lengthy list of stuff. Happy to do it for you, stuart. Stuart thanks, judge. Hillary clinton says the timing of the russian hack was aimed at helping trump, attacking the electoral system. More in a moment. A tense staredown between president obama and Vladimir Putin, 90 minute conversation yielded nothing in terms of a ceasefire in syria, yet another Foreign Policy failure. More varney after this. Amazing sleep stays with you all day and all night. 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There was an argument on the tarmac. The president of the philippines publicly shared very unkind words for president obama and our president then canceled his meeting with the guy. And president obama and putin held meetings, failed to come to any agreement on syria, begging russia to do more in the middle east and they turned him down. These kind of staredowns kind of captured the mood. I say the trip was a disaster. Liewinskie lieu louise. And that picture of president obama staring down tiny Vladimir Putin is the only good thing. He can give Vladimir Putin dirty looks, but cant do anything about it and he drew the fake red lines and allowed russia to do whatever they want to do. Hes shown america under him is weak. Stuart he lost face to the chinese. He was beaten back by putin. The iranians who are not at the china meeting are still humiliating america, and add it up and the Foreign Policy stuff. What an absolute disaster president obamas second term has been. Hes allowed iran to run rough shod over the United States, capturing their soldiers, publicly humiliating. He allows putin to bomb civilians in syria into the dirt and now we have the clown in the philippines. Unkind words is one way of putting it. I mean, the guy awful. Stuart a disastrous trip. This guy was like your drunk uncle. Not you, the president of the philippines. Stuart big stock is bayer, theyve raised their bid for monsanto, the evil gmo company. And monsanto will open at 107. We are trying to work out why. It should be 127. I think youre right. Donald trump taking on the fed. Thats the Federal Reserve, says the fed has been keeping rates low to prop up the obama economy. Does he have a point . Last check of futures, the first day after the long holiday weekend, we will be up a little bit on the Dow Jones Industrial average. Back for the opening bell, first of the week. Back in a moment. Its great to be back. In three seconds the market opens again after a long holiday weekend. 9 30, here we go. We should have a very small gain at opening bell. Thats what weve got, eight points up. Look at the lefthand side of the screen. Theres more green than red. More up than down. Thats very, very early going. How about the s p 500 . Is there a small gain there, he asks . Yes,. 13 . How about the nasdaq, a gain there, i declare up 1. 9 . Not a bad gain for the nasdaq this morning. How about oil . Down in price despite the fact the saudis are russians are talking with each other with the iranians, only 44 a barrel. That could play a role in the stock. Bayer st. Pete sweetens the offer for monsanto. Bayer is up, not much. Apple, new iphone coming out tomorrow. More details on that in a moment. 107 this morning for that stock. And tesla, elon musk tells employees, oh, cuts cost and every car you can out. We want positive cash flow for the Third Quarter and its the last chance to show up a decent Balance Sheet before we try to get some more money. Just holding at 200 a share for tesla. Big energy deal. Enbridge buying spectra, a merger there, more in a moment. Who is with us this tuesday, heads up, everybody, look at the camera, ashley webster, liz macdonald. Todd horowitz and keith fitzgerald. And around the block, i say this stock market just wants to go up. Keith, youre first. Absolutely. Whats bad is good, whats good is bad as long as the fed does nothing, what its probably going to do. The path of resistance is up. Stuart mike . I think the market is moving higher, but you have to be careful as an investor. The only thing propping up the market is fed. If anything goes wrong with this country or the geopolitical youll have a major selloff in the market. Stuart what do you say, todd . First of all, congratulations, number one. I want to say great to be

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