Transcripts For FBC Varney Company 20160914 : comparemela.c

Transcripts For FBC Varney Company 20160914

Has turned around a failing campaign. Hillary clinton in trouble. Shes constantly pushed on the defense. She had been insulting millions of voters with her deplorable comment, had her medical condition is concerned. All of that is reflected in the ohio poll. Shes resting, recovering from pneumonia and gets back on the campaign trail tomorrow. This, too, is a big shift. Four weeks ago, she was way out front. Now, shes not. President obama doing what he does best, bashing republicans. Hes stumping by hillary by boasting about his own legacy. No shift there. Varney company about to begin. Ive got to bring you this, a shocking video indeed. A driver plowed into Police Officers outside a gas station in phoenix and this was early yesterday morning. It was the first day on the job for one of those officers. A complete rookie. The police chief said it was intentional. The driver under arrest, hes an africanamerican man who has a record of attacking police. Brutal stuff. Well have more on this later. To the markets, please, it looks like a slightly higher open for the dow industrials after yesterdays selloff, that the dow has held at the 18,000 level thus far. The stubborn glut of oil and that took some blame on the selloff. Well get a read on the supply of oil. Could move the market again. The longawaited trump speech on the economy is coming out tomorrow. Hes given a couple of hints as to what the plan contains, including this one. Roll tape. I will outline my full economic plan, which is completely paid for through Economic Growth and proposed federal budget savings. Its going to be something special, like this country hasnt seen in many, many decades. Stuart thats quite a buildup of course. The plan focuses on tax cuts, deregulation, and his economic advisor, steve moore, guest on the program says he guarantees 4 growth for five years with that trump economic plan. Lenore hawkins manages money for wealthy people. Youre telling your clients that that plan will work . Theres the plan and whether or not he can implement it and the implementation is arguably going to be difficult. But lowering tax rate, the u. S. Has the highest tax rate in the world. This is causing a problem when you see how Many Companies are engaging in mergers and acquisition activity to reduce their taxes overseas. Lowering the top income tax rate, absolutely. That stimulates Economic Growth and weve got an economy thats been really constrained by the regulation. Youve got nearly a quarter of the people in the country, they need to have some sort of permission to work because they have to be authorized with a license. Stuart here is where the rubber meets the road. Are you telling your clients, wealthy people in america and europe, that we need more details. Stuart are you telling you like the plane. Im on data and trump is an incredible marketer not so good on details so far. Stuart thats good. President obama is taking a victory lap on the economy, roll that tape. We turned around a declining economy. We helped our Auto Industry set new records. Our business has created 15 million new jobs. And our lessened our dependence on oil. And more americans are working, more have Health Insurance, incomes are rising and gas is 2 a gallon. Thanks, obama. Stuart cue the audience to thank him. Okay. Mentioned himself 137 times. Got that. Now, lenore, this morning, eye read headlines in the financial times, surge in u. S. Incomes. The wall street journal, family incomes rise after a lull. New york times, incomes in u. S. Are up sharply. Fantastic. This is great. However, we need to put this into perspective. Its still 1. 2 below the peak of 2007 and still 2. 4 where it was in 1999. On top of that, employment so great . Weve got about 63 of the working age population is actually employed. Na is where we were in the mid 1970s when women hadnt entered into the work force, thats not looking so good to me when were talking about employment. Stuart youre on your way to a conference, an Investment Conference in florida. Economics, yes. Stuart are you prepared for the reception youre going to get after you just blasted the Obama Administration . [laughter]. We usually have quite entertaining discussions after hours. Stuart i bet you do. Next case, lenore. Imagine economists with a couple of drinks in them. Stuart and thank you for joying us. Donald trump leads Hillary Clinton by five points, a Bloomberg Politics poll in ohio. This is a big deal. Taken friday through monday while clinton faced a backlash for her deplorable comments and the secrecy around her health. And peter is here, and my main point is this past weekend the election shifted, am i going too far . I found that insulting half the lectoctolectorate, and abou health. And in these numbers are a huge boost for donald trump and reflect republicans coming home. Ive spoken to a lot of republican audiences, there used to be skepticism about trump. Theyve coalesced around them. The working man, the republicans, the numbers dont surprise me in ohio. Stuart vicepresident ial candidate mike pence, he met with mainstream republicans yesterday, including speaker ryan, and the media was saying, oh, wait a minute, they didnt warm to each other. Trump still has not brought in mainstream republicans. Okay. Thats the mainstream media. You dont believe that . I dont believe that at all. I dont. The numbers are reflecting, hes brought in more and more of the share of republicans on the ground, amongst the grass roots, enthusiasm is up. And the scandals around Hillary Clintons neck are dragging her down in this very poll. Issue number one negative for hillary, benghazi, 57 and then her server, and then her clinton foundation. All of these things resonate in the ears of americans. You add on top of that, telling them all theyre sexist in racist in a place like ohio who says i want a job, the economy doesnt work for me anymore and Hillary Clinton has been in washington tore 30 years. Thats a message that wins for donald trump and doesnt surprise me. Stuart you know, later in the program, we have some people on the air with us who have embraced the deplorable label. Theyre wearing tshirt, i am a deplorable or proud deplorable or adorable deplorable. This is resonating. It back fired against Hillary Clinton, i think. Oh, it is. I looked out at an audience last night at a fundraiser and i see a room full of deplorables here and everyone laughed. They realize this is the way the left works. This is the way that Hillary Clinton works. If you dont agree with me, you must be sexist, racist, homophobic and islamophobic and plen plenty of isms theyll call me. And republicans are starting to laugh because trump has fought back. An independent voter who hasnt had a job, and voting for trump and wants Something Different. And look at Hillary Clinton and say, youre telling me im deplorable because i want Something Different . That will flip them. Stuart the one you said xenophobic, fear of people wi foreign and we have this from elon musk. Hes offering a potential cause for spacexs spectacular rocket explosion. Hold on a second, liz, is he really saying it could have been a ufo . Hes been asking had this conversation on a twitter account. Do you think that something hit the rocket. He hes saying we have not ruled that out. Theres the tweet. This is september 1st massive explosion that destroyed the facebook satellite, 200 million. He says there was a bang before it exploded. Something could have hit it. There was no apparent heat source, the engines were not on. And he says the rocket launches for the falcon 9 was 93 . He doesnt understand, he put out the word send us video or solve the mystery. Hes saying something may have hit it. Stuart im a supporter of of private industry in space. Got to say it. Serena williams, simone biles, other american olympians, the latest of russian attackers, and their medical records. Thats a hack for you. And this one a hack of the dnc computer system. Donna brazil blames russia and says that trump is encouraging them. Hillary clinton called Trump Supporters deplorable. Will you look at that. Theyre embracing that. Two ladies say they are proud to be deplorable. Thats next hour. And later this morning, trump taping an episode of the dr. Oz show. The results of a physical will be revealed. I want to know, what will a basic physical tell us about his Overall Health . We will ask a doctor. A bombshell admission from the state department. A Spokesman Says the nuke deal with iran may be encouraging iran to be more aggressive. John bolton on that next. Oh, watch out now. Ford telling investors brace for a less profitable year ahead. Ashley yeah, theyre saying that its not going to reach the levels it reached in 2016 of this year and also, you know, they say that theyre spending money on emerging students. Ie, selfdriving cars and other costs, so its kind of one of those, what they call consolidating years, but there are those that say that the car industry peaked a little bit in the last year and ahead, there are so many deals to be had. There was easy financing and everybody jumped on and now its hard to reach the same levels and the comps from a year ago. Stuart its wild overcapacity, every car maker, they could double their output if they wanted to. But they cant because theres no demand. And the democrats are trying to tie dnc hack, resulted in the resignation of debby wasserman schultz. This is what the in you interim dnc chair said, theres one person who stands to benefit from the criminal acts and thats donald trump. Not only has trump embraced putin he further encouraged russian espionage. And ambassador john bolton is here. What is the trumpputin connection with any . I dont know if there is any connection than a lot of remarks made around. I just come back to the hack, its not at all clear to me that it is a russian hack of the dnc. Dont get me wrong. I think the russians and Vladimir Putin in particular are perfectly capable of thinking about doing it and doing it, but based on the information we have publicly, theres no guarantee this was not a false flag operation, somebody else doing it and leaving signs to point to the russians. Its not true that the hack could only benefit donald trump. I mean, really, if they can pin trump and putin together in the american publics mind, russia doesnt enjoy a high level of popularity. There are a lot of factors at play here. Ill just close again by saying, do i think the russians are capable of doing this . Sure, they are. Stuart theres another development which is far more serious and thats the state department, the spokesman, mark toner, youre going to see him in a second, says the nuke deal could be making irans behavior worse, more aggressive. That sounds like a big admission to me, ambassador. Well, well see if they walk that remark back at the noon briefing today or walk mark toner out of the building looking for a new job. Because if thats what he meant, it was a rare burst of candor. I think theres no question that the eye rain iranian negotiators took john kerry to lunch. Theyre encouraged by the deal and their behavior is becoming more belligerent. Assertive, cheating on the nuclear deal. Increased support for terrorism, establishing regional in the middle east and see administration through to january 20 as weak and inadequate and theyre going to take advantage of it and so are the rest of our add ver add ser sarryes. It remind me of 1980. Thank you. Here is something developing into the worst pr nightmare. The Samsung Galaxy 7, transit officials in new york and new jersey say, telling people, hey, turn your phone off before you get on the train or the bus. The batteries might explode. They told you turn it off before you get on the flight back to america. I was on a flight from mile lan, you couldnt have it in the checked luggage, he had to have it in the carry on and off. This video is shocking a driver plows into police in arizona. Its terrible. They were targeted. More varney in a moment. A story that were going to follow today. Donald trump taping a segment with dr. Oz. Earlier we thought we would be reviewing the results of trumps physical. Instead the Campaign Says that tv appearance with dr. Oz will focus on trumps child care and health initiatives. But that he will, mr. Trump will release his Health Records soon. Well have some comment on that a little bit later. Back to what im going to call shocking and alarming event in phoenix. A Surveillance Video captured three cops, a man used his car to mow them down. Its outside of a gas station. Its another attack on cops organized in recent months. Ashley its incredible no one was killed. Three officers, two serious injured. One as you can see gets thrown in the air and his first day on the job as a river by. The suspect, known to police, he had attacked a Police Officer. The video proves, he backed his car in, saw the officers, waited, waited and drove his car straight at them as they were standing there. Its on video and Phoenix Police say no doubt he intentionally tried to kill the officers. Stuart it was an africanamerican man who had a history of attacking the police. Theres a pattern here, the officers ambushed and targeted by africanamericans in our society. My question is, where is president obama this morning . Is he going to say anything about this . That was brutal. Ashley apparently his economic legacy, apparently. Stuart not saying anything . Why not . You spent your life in europe and san diego, california you come back and you see this kind of thing. Its heartbreaking and a problem on the national level. A started off being clear that police, some police force and some police individuals treated people differently based on the color of their skin and you have africanamericans fighting back and clearly not acceptable. And this has police when they see people who are africanamerican more concerned and were not getting a solution on the federal level, were getting yelling and name calling. Stuart president obama should be saying something here, either knock it off or, you know, can we all cool down a little bit liz at the least, the u. S. Attorney general, right. Stuart at the very least. Ranting racism, we need to solve the problem. Stuart thanks, lenore. The big stock of the day is bayer, buying the gmo seed company monsanto, an American Company. Offered 128 a share cash. The question, why are they paying that much . Why . Offering 128, why is the stock going to open around 106 . There is an answer, i think ive got it for you coming up. Donald trump will unveil his economic plan tomorrow, lower taxes, less regulation. Is this the plan thats going to bring us 4 growth in the next five years as steve moore promised . Watch this. Every problem is alleviated to degree with Economic Growth. Were 1. 2 growth over the last year, i guarantee it, you hear it on the Varney Company show, elect donald trump and well have 4 growth for the next five years. I dont know even where to start with that. First, lets take a look at your Financial Plan and see what we can do. Ok, so weve got. Well listen. Well talk. Well plan. Baird. We ship everything you atcan imagine. N, and everything we ship has something in common. Whether its expedited overnight. Oshipped around the globe,. Its handled by od employees who know that delivering freight. Means delivering promises. Od. Helping the world keep promises. If you then youll know howuth, uncomfortable it can be. But did you know that the lack of saliva can also lead to tooth decay and bad breath . Well, there is biotene, specially formulated with moisturizers and lubricants. Biotene can provide soothing relief and it helps keep your mouth healthy too. Biotene, for people who suffer from a dry mouth. All right. Weve got about 15 seconds, 10 seconds before that opening bell rings this wednesday morning. Were expecting a fairly flat to, well, fairly flat opening in two seconds. Bang 9 30, here we go. Were off and running away. Weve opened up 4, up 3. [laughter] i was right, a flat opening. And at the lefthand side of the screen, a little bit of green, and mostly red and a couple of blacks, that would be unchanged. How about the s p 500 . Where is that . Same story, dead flat. How about the nasdaq . Where is that . Where is that . Thank you. Dead flat. Not dead flat, but fairly flat. The price of oil is at 44 as of now. We get a new read on the supply of oil in an hours time and that price could change. Oil stocks ahead of that report are all, ever so slightly down. Look at apple, problems being reported with the new ios 10. Im going to pour cold water on this, theres always problems of some sort. I think theyll get over it. Well have more in a second. The wells fargo ceo defends the bank and blames bad employees. They paid a record fine for cooking the books with phony accounts. The stock is up. The restaurant change Cracker Barrel, weak outlook, down it goes nearly 4 1 2 . Ford says Financial Performance next year will not be as good as this year. Who is here on a tuesday morning. Ashley, liz, dan, and shah gilani. Trumps plan, lower taxes, do you like the sound of it . I like the sound of it. Talking about lowering taxes and reducing brackets from 7 to 3 which makes perfect sense, i think its 12, 25, 33 for top bracket. Lowering the corporate bracket from 35 to 15. And that will encourage Small Business growth so i think its terrific regulatory form and we need that and i think trade reform, all in all a great job. Id love to see him become president and exercise these platform agendas. Stuart he says its going to pay for itself. Im not sure about that. But dan, cutting taxes, deregulation, is that the plan the market is waiting for. Well, its something not only the market is waiting for, actually needs. The question is, should donald trump get elected, would he be able to ge

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