Congress. This is about 25 minutes. Host i want to welcome back matt schlapp. Thanks for being with us. Guest it is not good friday. [laughter] host lets begin with this sentence and finish it, please. Estate of the Republican Party between the president and republicans is guest uncharted. We have never been here before. We have never elected a president with such shallow roots. Maybe jimmy carter was similar, but he had been elected governor of georgia. An interesting relationship when congress and the president do not see eye to eye. Host why is he going against the very people he needs the most . Or does he need them . Guest he needs them, but they also need the president. If you look at every one of these senators who have had a skirmish with the president , the president is responding to something they have said. Senators are not used to that, steve. They are used to playing at , and thisous role president does not play the game that way. Host let me share with you some news this
Government solution, the public option and medicare buyin. Rather vague. 13 days till the vote. Thats politics and how about money . Stocks are going down and another decline in iphone sales, a slight drop in profit margin. Still the most valuable company in the world. Is it now a glorified utility, milking steve jobs iphone legacy . Politics and money, thats what we do. Varney company is about to begin. Well, where are we going in approximately 28 minutes time . Weve headed south for the big board and the Dow Jones Industrials are off 75 points. The price of oil has dropped below 50 a barrel. 49. 06 to be precise. Well get the latest reading how much we got from oil in the stock piles coming up at 10 30. Now look at this. This is apple. It is the stock of the day, probably. Shares set to open lower. And im going to call it a lackluster Earnings Report late yesterday to be down to 114. Emack, numbers liz yeah, the Third Straight quarter of iphones down versus sold in the prior quarter.
Per share club virtually unchanged. Amazon going to add 15 cities to its sunday delivery service. That is not a bounce back. That is the 93 stock, not about that, up 400 plus a couple months ago. Watch out web shoppers, fedex will start charging more by package size charging more that is. Does it have Pricing Power . Not sure. That x is down 1. 80. A new report from the Government Accountability office reveals an astonishing number. Only one government job was lost due to those sequester cuts. Just one. Do you remember all the doomsday predictions warning that thousands of people would lose their jobs as a result of the sequester. Listen to this. You are estimating as a consequence of the sequester we could see growth cut by over 1 2 . It will cost 750,000 jobs at a time when we should be growing jobs more quickly. Somebody is going to be vacuuming and cleaning those floors and throwing out the garbage, theyre going to have less pay. The janitors, the security guards. They just got a p
Society with the Supreme Court pushing . Was much more relaxing. [laughter] thank us tell me to think floyd abrams who has impacted many of our lives and a regular basis. Thank you. Host one of the things i took away from the book, which was very wonderful, by the way, and you dont say this explicitly, but what i took away the most is women in the senate use their gender when it behooves them and shy away from it when it doesnt. Is that one of the points you were trying to make with this book, or what is it that you want people to take away . Guest well, i do think that that is partially true, but when women came into the senate, most people dont realize there were very few women in the senate up until 1990, up until 1990, only two women in the senate, so all the male senators dont know what to do with women coming into the senate, and you have women coming in at the same time as you have a very big shift in washington in terms of behavior in washington becoming more partisan and more
You should have a nice reachreah later today. Satelliteradar, locally we aree fine. We should be sunny. High pressure, that is going tos keep the cloudiness at bay for later today. Later in the day we will keepkep the cloudiness and lets le mention, we will have showersh activity expected this weekend in a fewd minutes. Sunshine, 81 degrees for your friday. More come to up in just a minute. Lets see traffic with theth latest from wright, andwr its aig slow depo. Go. Its been a tough ride, this happens to be the remainder of e the tractor trailer fire which occurred around 4 45 this4 morning. We are told thatis tack for trailer struck an unattendedded vehicle. Both caught on fire but unfortunately that tractor trailer took a while to put out and theres smoke there as well. The inner loop of the beltway,l, the ramp through college park remains closed. Theres the vehicle that being loaded up to a tow truck at this time. From 95 college park headed south in the direction of greenbelt and l