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FOX Business
Aug 24, 2015 9:00am EDT
trading starts. it dropped over a thousand last week. this ranks up there with 1987 and 2009. china is the trigger, another drop there and fear that beijing may have lost control of the market and any economy that relies on oil revenues is in deep, deep trouble. watch this action unfold. watch it here. "varney & company" is about to begin. ♪ this is appointing to how things open in a half hour. down, way down. this is dow jones industrial average futures. it's a look how things are going to work out 29 minutes from now. we're going to be down around 675, that's a significant 4% drop, it's huge. look at the price of oil. fresh 6 1/2 year low, 39.03. now at $38 again. and that, go en, is a huge selloff, but i want to trigger right at the start and get into the drop in china. look at these declines in asia. starting with the shanghai at the top down, 8 1/2%. hang-sang index, hong kong, japan down 4% and south korea 2%. mary kissel is right here. all right, china, there are reports-- there's speculation that the government in beijing has lost control and that's scary. >> well, i don't
FOX Business
Sep 25, 2015 9:00am EDT
big deal, state visit by china's leader who has been anything, but a friend to the united states. china, the cyber spying, the belligerence in the ocean and they feel like our enemies and yet, we've rolled out the red carpet. >> we've got a lot of disputes with china right now. i hope the president is aggressive about addressing cyber security and defense of intellectual property to the trade investment over there that continues to lock out american companies. challenges with china, you look at america's problems, i think it's not so much with china, it's with our own government because a lot of what we're seeing on the tax side, the regulation side, all of this is really slowing down. that's the big anger around our u.s. economy is our own u.s. government. >> in other words, what you're saying is you can't blame china for taking advantage of the fact that we're shooting ourselves in the foot? >> i think that china is a dead driven, commodity driven economy. it's slowing down for the long-term. i think we're going to see, you know, in countries like brazil, japan, others, affecte
FOX Business
Nov 12, 2014 11:00am EST
obama. a deep reduction in greenhouse gases. he is expanding. china about reduction. china can increase its emissions for the next three years. look who is here. "wall street journal" editorial board member, mary kessel. >> i think you are right. he is calling climate change the greatest threat to humanity. it has absolutely no impact on china. he is ignoring the message of the midterm election. >> that is correct. just as they did with the sec. stuart: look at who else is with us this morning. there he is sitting next to me. >> stuart. stuart varney. stuart: climate change is a real problem in the military has to address it. >> my position is i do not understand why conservatives are not for conservation. this deal with china, it is not a deal, it is a giveaway. we come down on hard business. they come in to saying maybe if things work out just right, we may do something. stuart: it is not a deal. >> china's air is so bad. stuart: that is a different problem. it is called so it. it is awful. it is totally different than co2's. >> my point is this. this is a lousy deal. we want
FOX Business
Jul 7, 2015 9:00am EDT
it, but bernie sanders. china it's a huge day around the world and "varney & company" is go to begin. >> a lot of tension and happening around the world thatc1 >> a lot of tension and happening around the world that will influence your income your 401(k) and a lot of other things like commodities and on that note let's take a look at oil. down more than 10%, we're less than a week into the month and dothing again after being up a little earlier today a lot of news coming out of iran that could make that go lower or higher. let's take a look at gold in the traditional safe haven, it's down $15 at 1157. the ultimate-- i call it the safety if you will our yield. obviously money pouring into u.s. treasuries once again, dothing six basis points 2.22%. it's amazing the last two weeks out of greece and ashley webster with the latest from athens. ashley. ashley: hey good morning to you charles. wel157 we continue to wait to see what happens in brussels. the greasis are b10ng asked to give a new proposal on how to tackle their debt load of 356 billion. it will be interesting to see what kind
FOX Business
Aug 14, 2014 11:00am EDT
story in a second. thanks a lot. the dow is up 30. football is coming to china. huge market and big gamble. here comes the man who is putting up his own money launching a football team in the new china american football league. he thinks he is on to a winner. stuart: we will not call this a rally but an extreme modest gain. up 30 points, 16-6. fuel cells, they reported a profit, the market loves that. is up 4%. here is our regular segment, time is money. mark zuckerberg accepted governor chris christie's eyes but that challenge and he in turn, cheryl standard, netflix chief read hastings, is there no end to the ice buckets of them. to burger king, is dropping its low-calorie satisfies from the menu, customers want regular fries. they're still the pride of choice. and he told tom watson, for the rehab. rory mcilroy will be there for the european team. i am supporting the americans. let's get to football. you know, i am not an expert on football. of course i am not but i know football america's sport. bringing football -- better there than it is here. philadelphia's soul, you put your
FOX Business
Aug 28, 2015 9:00am EDT
end of a wild and crazy week. lining up china, slowing, devaluing, market crashing. market watcher kevin kelly says that china is not getting better. if it's know the getting better does that mean we're going to have the volatility because of china again down the road? >> i think that people are concerned that it's a growth scare, right? in china, it's not going to get better. they're trading at high multiples. the government is there trying to help on the market. stuart: are we talking about the market, the government trying to support the market there or the economy continues to slow and is not going to turn around? >> with he will-- well, both. we can see that with the price of copper, china is not getting better on the market side. every time beijing made a move it hasn't helped. they're going in and buying it. what they've done is actually a lot of the market participants can't trade there. the institutional investors because if trading halts for the rules, where is the next buyer in the chinese stock market? it's trying to find that. it could be the government itself, but tha
FOX Business
Nov 23, 2016 9:00am EST
doesn't go down then. stuart: shah, stay right there. after a seven-year ban in china, new york times reports that facebook has quietly created a new censorship tool which will allow the company to get back into china. what's it about? >> it's software where the third party basically the state-owned company in china could sensor any information on facebook posts. facebook wants in on china. 700 million on the internet. 1.4 billion people in china. it's stuff for facebook because they were accused of filtering posts and news and creating filter bubbles. china says listen in 2009 we had massive riots fed by internet social media and why china is cracking down. microsoft works with the local government in china and it's tough for facebook right now. stuart: am i right in saying that some facebook staffers reguidant over this? >> that's what we're hearing. stuart: shah gilani, sit right there, son. facebook stock, if they get back into china with maybe over a billion potential users. if they get back in, surely that will be good for the stock, regardless of ethics? >> great for the
FOX Business
Jul 5, 2017 9:00am EDT
between russia and china higher after the missile launch and the president will meet with vladimir putin on friday. meanwhile at home, our markets are looking to open, on monday creeping back at the close. we will have a huge session today, a potentially all-time high. and illinois, one round yet and the debate. we'll take you to chicago, vrn varn starts right now. ♪ "varney & company" starts right now. right to the big story of the day, north korea's missile launch, ashley webster with the latest. ashley: here we go. the launch itself went for 578 miles. this is the icbm, whole new era of missile testing in north korea and concerning, of course. it went for 37 minutes, north korea claimed 39 minutes. the point is what conceivably could the end-game be here? if they continue to develop this missile at their current rate, it's a few years off yet, but it could indeed reach, as you just said at the top of the show, charles, most of alaska, 461 miles to be exact. as we look at north korea as an improverished third world country, this is a game change ethey've got to find a way to pu
FOX Business
Jan 15, 2014 9:20am EST
♪ >> apple goes to china and opens up the biggest tech market in the world. good morning, everyone. tim cook, china mobile, it's a match made in tech heaven. it is a break through that will vastly expand the sale of iphones and ipads through thousands of retail outlets. watch that stock go. i have a pen and a phone, says president obama. and he will use them to go around congress. watch out. here comes the year of executive action and here comes we heard it, a social network among teens 18 employees, we have the ceo. watch out. here comes "varney & company." ♪ [ male announcer ] this m has an accomplished research and analytical group at his disposal. ♪ but even more pressive is how he puts it to work for his clients. ♪ morning. morning. thanks for meeting so early. oh, it's not a big deal at all. come on in. [ male announcer ] it's how edward jones makes sense of investing. ♪ there's nothing like being your own boss! and my customers are really liking your flat rate shipping. fedex one rate. really makes my life easier. maybe a promotion is in order. good news. i got a new
FOX Business
Apr 6, 2017 9:00am EDT
. if you've got problems, don't blame china, that's the official word from bay jiang-- beijing from xi ping. it's a importan important day f china's leader. he wants to look like the equal of trump. you'll see the body language and facial expressions. you'll learn a lot about u.s.-china trades. and speaker paul ryan, what he has to say could affect your money. he says tax reform could take longer than health care. investors do not like that. the speaker speaks again in 45 minutes. you'll hear it. how about jeff bezos, amazon man, in a rare public appearance he's selling more than a billion dollars worth of stock for the space business, he hopes to put them in space next year. a gilded age, and xi goes to mar-a-lago, what a show! "varney & company" is about to begin. ♪ >> we were actually closer on agreement on health care than we were on tax reform. the house had the plan and the senate doesn't have one yet and working on one. the white house hasn't nailed it down. even the three entities don't-- aren't on the same page yet on tax reform. stuart: ooh, that hurts. that was speaker
FOX Business
Jun 24, 2013 9:20am EDT
come on the program and say everything is going down. there's another element in the news today, china. >> right. stuart: the banks are shaky and thh central bank says we're not going to print a ton of money to bail you out, what do you make of that? they've been printing a ton of money just like the central banks of the world. this isn't uniquely a fed problem. all the banks of the world have been expanding balance sheets. if you go back and look, in 2000, all the central banks have 1 trillion, balance sheet combined and today it's 15 trillion and all of them have been printing money at the fantastic rate and we've created bubbles all over the world. and china is the bubble, and even the leadership is recogn e recognizing that and they're trying to rein it in just as the bernanke fed finally realized it had to do last week. i think this is a global adjustment. look it in japan. you know, the great money printing spree they were going to have is already, you know, hitting the rocks in many ways. stuart: this is a doom and gloom, david. >> it's not necessarily doom and gloom, it's a-- >
FOX Business
Dec 27, 2016 9:00am EST
show of force china sailing at first aircraft carrier passed taiwan into the south china sea. you have more on this. adam: five battleships with a, as they passed taiwan at the archipelago, it sends a message to taiwan, the taiwanese government, the south china sea is a dispute in and of itself because china claims the entire south china sea has its own territory where the international community says these are international waters. that aircraft carrier you -- originally a ukrainian aircraft carrier they sold to china. it is fine's only aircraft carrier. the chinese are a threat in that part of the world is my neighbors do not like this show of force. ashley: the aircraft carriers -- they are building their own. they are a long way from becoming a force. >> compare them to us but an aircraft carrier, and aircraft carrier groups. ashley: $256 million in tesla's us point, and located in buffalo, new york upstate new york economy. president-elect trump says the world is a gloomy place where he was elected and economic options, and there was no hope. the market is up 10%, christmas s
FOX Business
Feb 8, 2016 9:00am EST
technical, but this is the headline and it's important. china's fallen currency reserves dropped to a four-year low. is that what's hurting your stocks? possibly. more on that in just a minute. we also have the price of oil drop below $30 a barrel earlier this morning. okay, now look at this, this is premarket activity in the big name tech stocks, you know them. big haircuts are coming. amazon well below $500 a share when that market opens. that's $200 down from just before christmas. how about facebook? it looks like it might challenge $100 a share. a couple of weeks back, it was 116. how about google? alphabet as i should call it. that's going to be down below $700 a share. that's a technology, not a route, but certainly the air coming out of the technology bubble, if you want to call it that. and mary is here, wall street editorial board. i want to get to china without getting wonky or turning viewers off. they're selling an awful lot of foreign currency and using 100 billion a month to prop up their own currency. i think the traders are saying, wait a second, wait a second, if the
FOX Business
Sep 29, 2014 11:00am EDT
important because it is the bellwether for china. what this says is the regime in china has no interest in democratic reform and i'm afraid, stuart, if the demonstrations continue, which i believe they will come you can see violence on the part of police or gangs they send in to excuse it. stuart: suppose it spreads, supposed similar demonstrations where i believe there is something coming up in the near future. charles: it is a special ministry of territory in china but far more infiltrated by the communist security forces and it is far more servient to china. i think the real danger for the one-party state in beijing is if you see across the border where you have slightly freer press than the rest of china, protest like what is going on in hong kong happening over there. >> they would move heaven and earth to stop anything from happening in beijing. >> i don't think there's any question china will do whatever it takes to crush these protests, and i hope very, very much the u.s. government and especially britain come out with much stronger statements and thethey have the last
FOX Business
Dec 10, 2012 9:20am EST
is he going to do? china is here buying part of the bailed out aig, buying 123 battery company and buying american mansions. that's what happens when china has the money and we've spent all of ours. or losing money can pop up anytime. that's why she trades with the leader in mobile trading. so she's always ready to take action, no matter how wily... or weird... or wonderfully the market's behaving... which isn't rocket science. it just common sense. from ameritrade. i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holid deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fex office. >> two big stories coming together today in michigan. first off, the new right to work rules will become law tomorrow. the unions are absolutely furious out protesting yesterday and big demonstrations still to come. listen to this. >> and tuesday, they're going to try to reconcile the bill and the governor who said he didn't want
FOX Business
Jan 16, 2014 9:20am EST
♪ imus in the morning >> we're going deeper and deeper and deeper into debt to china? the obamacare website is still anything, but secure. and some big named stocks will be moving big time today. good morning, everyone. we now owe china 1 trillion, 317 billion dollars, that's a record. so are the interest payments that will flow to them from us. they promised an obamacare security fix. they still have not delivered. that's what security professionals will tell congress today. you're info is not safe. on the corporate front, best buy sales down. the stock drops 20%. j.c. penney closes stores, lays off 2000. the politicized national labor relations board goes after wal-mart, no surprise there, but some amazon workers reject unionization. thursday, january the 16th, "varney & company" is about to begin. >> in the name of our children, driving up our national debt from 5 trillion dollars for the first 42 presidents, number 43 added 4 trillion dollars by his lonesome. so we now have over 9 trillion dollars of debt that we're going to have to pay back, $30,000 for every man, woman and chi
FOX Business
Jul 7, 2017 9:00am EDT
is that china is, is still the key, it's the linchpin, the only country because of its economic aid, its financial aid and trade with north korea, it's really the only country that has the potential ability to change north korea's behavior prior to that unfortunate and ugly point where we have to consider military options to prevent them from getting to the point where they've got the ballistic military capability. the problem is that for two and a half decades plus, that theory, the idea of somehow diplomacy through china with north korea, is going to work. it hasn't happened. and so, we're now faced with the results of failed diplomacy over 25-plus years, that have got us to this point. nobody should be under the misconception that this is all because of the new administration. there's a certain segment of the left that wants to point with this crisis at north korea, see, you've got president trump in office, he's banging the drum, he's a war monger. that's not the case. the problem is failed diplomacy has allowed north korea to, over a period of time, to get to this point in the
FOX Business
Jun 30, 2017 9:00am EDT
this is what the president, we may find out more about how china and south korea help with the problem of north korea. stuart: we'll run this tape any moment. i'll tell you now, at the top of the tape, the first thing you see what i'm going to call some media joss he willing. it -- jostling. it got a little crazy. i don't know whether it had to do with the trump tweet. but the president in this tape will say, you guys, looking at media, you guys are getting worse. now bear with us, please, waiting for this tape to be fed properly to us. the moment i've got it, you will see it. again it's president trump in his meeting with the south korean president. there is a brief moment when the president speaks and you will see him speaking and you will see the press jostling. here we go. of the let's listen. >> you may say something, i will say something and then -- [shouting] >> hey. >> easy, fellows. fellows. fellows, easy. fellows, easy. wow. you guys are getting worse. they knocked the table down. all right. actually a very friendly press. don't let that get to you. although we just lost a ta
FOX Business
Mar 17, 2014 11:00am EDT
that china's amazon, go daddy and we bow -- sandra smith is here. sandra: you are right on track. the other ones are considerably smaller. remember what facebook did for the stock market. it brought a lot of attention,. stuart: that is the point. it brought the small investor into the market on the chance that this was another google. it is across the board. yahoo!, they owned a quarter of ali baba. stuart: if you had to call it, if you are buying stock for baby cora, it would be ali baba. >> ali baba for short. stuart: yahoo! owns 24%. a solid reaction to the upside. 3%. nicole: yahoo! looking good. 24% stake. it could be the largest public offering in history. can you show me that one? >> we are talking about this $500 million ipo. the stock is up 6.3%. >> which one would you buy? >> i buy what i know. that is -- i understand, sandra. >> will they come to the new york stock exchange? it has not been confirmed. >> i would not want to be in charge of that. >> i think it was buried by the news. they are giving up oversight of the internet. why would we just give up control of it? why w
FOX Business
Aug 14, 2017 9:00am EDT
anger, the president spoke by phone with china's leader and they brought trade in the negotiations applying a little pressure, maybe, the left is trying to undermine mr. trump's hard line position but with no action taken over the weekend, maybe kim jong un now understands that he's dealing with a very different american president. that is a plus for investors. and so is a surprise from japan. their economy hit a 4% growth rate, the best of any industrial country at the moment. the world is growing. investors like that too. welcome to the show, sit back and enjoy watching your money grow. the news is not always negative, you know. varney & company is about to begin. ♪ ♪ ♪ stuart: charlottesville, virginia, chaos as neo-nazis, white supremacists group clash with counter-protestors on saturday. there is a suspect, he's accused of ramming his car deliberate rattily into a group of counter-protestors. the feds are investigating if he had help planning this attack. one person killed. 19 injured. the suspect's name is james alex fields, jr. of ohio, he has been charged with second-
FOX Business
Sep 21, 2015 9:00am EDT
china's leader arrives here. on the program today, wait for it. two legendary quarterbacks, what will they say about this? >> this is-- you don't know what i'm talking about here, but it's one of the greatest sports unsets of all time, japan, those guys beat south africa at rugby. ashley: it's like the u.s. beating the russian hockey team. stuart: it's better than that. ashley: for the american reference point. stuart: let me finish the script, always new, "varney & company" is about to begin. ♪ >> all right. monday morning, look at this, please. down 300 for the dow on friday, we're going to open up 90, maybe 100 points this monday morning, i call that a fairly start to the week. wait though, 28 minutes from now, we'll see exactly what happens. how about the price of oil this morning? we closed out last week in the mid $40 range. and now 45 bucks now. and opec says we will not see oil at $80 a barrel until 2020. how about that. and gas, down another penny, 2.28, that means that gas dropped for 38 straight days. ashley: keep smiling. stuart: and the pope was in cuba before coming to the
FOX Business
Dec 14, 2016 9:00am EST
oversight and possibly fines from china. the authorities there are planning to fine an unnamed u.s. car maker for monopolistic behavior. that could be retaliation for mr. trump's call with taiwan and pushback from china has begun. the china news is part of the back drop to the big tech meeting and so is this, ibm announcing new jobs in america and the ceo will attend today's trump tower tech meeting. e-mack, these new jobs from ibm, are they-- first of all, what are they? and number two, are they designed to placate mr. trump. liz: well, on the advisory panel, placate? i'm not saying that it's perceived as that. 25,000 jobs over the next four years, what's key and interesting here, she's saying she wants locational jobs not just the ba and cultural impact of soap operas, she wants technical degrees and she wants a third of ibm workers don't have those kind, they don't have a college degree or any degree and so that's what she's focusing on and wow, this is about getting the manufacturing jobs back in this country and that's what she's talking about a vocational, it's interesting. stuart
FOX Business
Jul 6, 2017 9:00am EDT
rate we're going, ambassador, is there an alternative? even yesterday, china and russia putting out a joint communique suggesting that america is also at fault for provocation. it was puzzling to me. >> well, these people, this is out of a cold war playbook and it's unacceptable, but it's what the soviets did during the cold war. they engage in outrageous behavior and say we'll give that up about you give up some behavior you've had, you've been conducting for a long time so when you return to stability, the west is worse off than it was before the crisis that the soviets provoked. and that's the kind of line they've taken here and i think it obviously shows russia and china have coordinated in advance of the g20 meeting and again, it puts to the lie, the idea that somehow, whether through negotiation or sanction, we can change north korean behavior. we can't change north korean behavior. they're never going to give up their nuclear weapons program voluntarily. that's why i think the only diplomatic play left is to convince china and it won't be easy and what we really should do is
FOX Business
Sep 2, 2015 9:00am EDT
archipelagos in the china sea. stuart: are we letting them do it and not paying attention? >> absolutely. russia and putin, they have reset the relationships with the united states and europe and also in the north atlantic in this case. and we have been so slow to adjust to this, unwilling to go back to a cold war era when russia is clearly bringing that on. and they had their self-interest here, they're pursuing resources and they're doing that a the expense of u.s. interest and our allies in the north atlantic. >> general, we don't push anywhere, whether it's in the mediterranean, whether it's ukraine, crimea, the middle east, south china sea it doesn't appear that america pushes anywhere. we seem to retreat and take a back seat all of these things. is that the military policy? . most of that is to avoid confrontation, because of peer we get paralyzed and don't do anything. and no one is looking for military intervention as job one. that's not the answer, but strong deterrent by having strong capability to use force and capability like previous presidents have to include republicans an
FOX Business
May 9, 2013 9:20am EDT
thinking about china, brazil, india. the world's a big place. i want to be a part of it. ishares international etfs. emerging markets and ngle countries. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus, which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. ♪ sign, sign, everywhere a sign ♪ >> do you recognize that, that's the song "sign" and played it in honor of tesla. and first we've got scott shellady with us. scott, out of the box for a second. we saw the sheila jackson lee, democrat, texas, health care, she wanted it to be a constitutional right. something to say about that, scott. >> welcome to the common sense room. life, liberty, the pursuit of happiness, let's turn the tables on her a little bit and look for the places, the constitution, we're responsible for our own action. take responsibility for ourselves. and she is just another one of those people part of the nan
FOX Business
Sep 24, 2015 9:00am EDT
from carly fiorina. and joe biden nearly doubles his support in one month in that poll. china's leader in america, wheels and deals with boeing. he's buying $38 worth of planes. boeing opens a factory in china and today, the wall street journal identifies chinese hackers who have attacked america. watch out, stocks will be down triple digits this morning, blame janet, blame the fed. let's go fed watching, shall we? no, "varney & company" is about to begin. ♪ he's on his way, the pope's motorcade is now on its way to the u.s. capitol building. he will meet with speaker boehner and address a joint meeting of congress. ashley, you've been watching his progress. ashley: he's in the fiat 500 again. what a great add-- advert for them. stuart: it's a meeting, not a session, it's a meeting. there's a large crowd of people waiting for him. ashley: a huge crowd out in front. stuart: he's a draw this man. there's the motorcade. i think the fiat has gone by, not sure about that. okay, now, another shot of the crowd waiting for him. he's on his way, ladies and gentlemen, he will be there momentar
FOX Business
Sep 19, 2014 11:00am EDT
street. do you want to buy into a company that is tightly bound to china's ruling communist party? no doubt today's event makes financial history. it ranks up there with the facebook launch and there will be an avalanche of trading. expect big volume and big price moves. we are on it. we will give you every side of the story. "varney and company" is about to begin. ♪ stuart: let's get right at it. jo lin kent covering the ali baba story from the stock exchange. what are you hearing as far as when it will start trading and at one price. the latest i saw was $90 a share. it keeps on ticking up. you can see it is getting very crowded coin. we expect the first trade to be within 30 minutes time. we did get an indication from the stock exchange, that 30 minute warning but i had an interview with jack ma, and from the very start, in his tiny apartment in china, i asked him about the role of the government inside his company and he says it is about american investors learning how to trust his company because of their performance. he did elaborate on his relationship with the government
FOX Business
Apr 15, 2013 9:20am EDT
may be because china is indeed slowing down. the dollar is a little stronger today. that may be the reason for oil. but silver, copper, mining stocks, all of them falling very, very sharply. so, that's how things are shaping up as we start out the new week. it's a down day, at least as we get this day going. in a moment we'll have your stock prices for you. we're expecting a drop, but not as severe as the selloff in gold and oil. all right, everybody, here we go. back in a moment. friday night, buddy. you are gonna need a wingman. and my cash back keeps the party going. but my airline miles take it worldwide. [ male announcer ] it shouldn't be this hard. with creditcards.com, it's easy to search hundreds of cards and apply online. creditcards.com. a brand new start. your chance to rise and shine. with centurylink as your trusted technology partner, you can do just that. with our visionary cloud infrastructure, global broadband network and custom communications solutions, your business is more reliable - secure - agile. and with responsive, dedicated support, we help you shine every
FOX Business
Nov 4, 2014 11:00am EST
company out today, 54% jump in profits. gordon chang, skeptic on china joins us in a couple minutes. he is a believer in ali baba. now remember yahoo! still owns 16% stake in ali baba. it is a proxy for that stock hitting another record high. is that right? it was $47.07 earlier today, $6.54 on yahoo! now all. ♪ stuart: microsoft shares adding a new high. $47.50 earlier. i do alone a very small piece of microsoft hints the special effect. sorry about the introduction. look who is here. get that money off the screen.% bret baier anchors special report and will enter fox's election coverage. >> no trumpets? bernard: when you might get a heart. 7:00 tonight, 7:00 eastern you will be on the air. is that when we might get our first look at how things are 3 going? >> we start at 6:00 but the first polls close at 7:00 and we will get a feel for how the night is going. you have new hampshire which we won't be close to a call at that point looking at that raise again. you get a sense of where republicans are in these early stages, ga. down south with david perdue and michele none, how that
FOX Business
Jun 29, 2015 9:00am EDT
don't have the money or the growth. number two, how come we're not talking about china coming off the highs of june over 20% and in bear territory and having to cut rates. we've got a lot of things to worry about, i don't think that the market is respecting all of those worries. charles: china is still up 100% this month, this year rather. a pullback and i think that everyone-- >> a pullback? it's in bear market. charles: if you bought anything in january, you're up 100% you're not sad. if you bought it last week and it's down 20%, you're sad. this greek thing because of the question marks we put around it last time it really did hurt our economy and our stock markets. and it did put the world in a tailspin. we talk about black swans all the time. this is the closest thing that could be a black swan. no one thought they would take it this far. sandra: for the average investor who was fearful that it would happen like this the atm's and greece they're scared how it's going to effect them and that's enough to ep coo the investors out of the stock market for at least the time being. so t
FOX Business
Feb 17, 2016 9:00am EST
president obama is. he is hosting the asean nations. china thumbed his nose at obama by militarizing island in south china sea they recently promised never to do. not brought up at the press conference. apparently again we're taken by surprise. obama weighing in on candidacy about donald trump is about as important to me as what he thinks about diced tomatoes. stuart: do you agree with that? president obama helps trump by weighing in. >> those that don't like his administration and job he has done gives mr. trump another boost. stuart: problem for hillary because she is closely tied to president obama. >> yes. >> she has done that because she wants minority vote but it is backfiring. >> that is interesting thing. she wrapped herself in obamaism, i think it is a mistake, another mistake in hillary's campaign. stuart: all right, everybody, i have two videos to show you. start with the westminster kennel club dog show. cj a sherman short haired pointer, wins best in the show. there you go. the lady in the white outfit there. that's the dog. that's cj. a german short-haired pointer. we g
FOX Business
Apr 4, 2017 9:00am EDT
story on the formerly golden state coming up. later this week, china's president will visit mar-a-lago, even president trump tells it will be a difficult meeting, but we have leverage over china, we'll tell you in a moment. ♪ >> drawing back to almost break even point. the dow is down 4 points, that's it. that's where we are, just 15 minutes into the trading session. do, please, take a look at tesla and amazon. both at or very close to all-time record highs. can you believe this? amazon is awfully close to $900 a share. tesla hit $300 earlier. new high there. what an extraordinary performance by those two companies. that's why we pick them out today. amazing. a california state senate approved a state-wide sanctuary bill. ashley, does that make california a sanctuary state? >> it would. prevent law enforcement from cooperating with immigration officers. and wait a minute, you're looking at public safety by allowing criminals. and they made that they would contact ice officers prior to the release of an illegal offender. i can't believe i'm saying it, but they request whether that wou
FOX Business
Jan 20, 2016 9:00am EST
struggling and of course, china continues to be a worry and right now, safe haven is the way to go. the 10-year treasury bond under 2%, 1.99. we're down 50 points. at one point the futures said we'd lose 300 points when we got going. coming back at 65. the dow 30, we have some green on the screen there, but look for ibm, it's expected to be the biggest loser and it is. a sea of red. we have caterpillar, travelers, united health green, but the drag on the dow, and guidance, struggling as it tries to transition to cloud computing. let's bring in adam shapiro, jo ling kent, scott shellady and shah galani who is back from the hamptons. on this program you told stuart varney that you expected to see 15 on the dow before 18. and stuart said you were consistently wrong. here we are at 15-8. we're there on the dow. where do we go from here? many i'm giving you props and saying well done. >> thank you. unfortunately, i think we're going lower. the markets today are weak and depending how they close, they could get weaker. there's nothing fundamentally strong to hold up the markets. all of the major
FOX Business
Aug 20, 2015 9:00am EDT
low. 40.77 a barrel and we're swimming in the stuff and new concerns about slowing growth in china that will hurt demand. we're watching to see if oil goes to $39. gas, yeah, it went down a little bit. the national average moved down to 2.65 for regular. that's commodities and that is stocks now. look how valiant is going to open. this is a canadian company and it's offering $1 billion for the maker of female viagra. $1 billion. doesn't that seem like a steal? there are fresh polls out this morning from three swing states. they showed joe biden beating trump in all three. florida, ohio, pennsylvania, biden is not a declared candidate. although a top official, staffer, just joined the draft biden committee. hillary is 48 in florida, 47 ohio and she's losing a lot of ground. donald trump full steam ahead. earlier with maria, he talked about the wall along the u.s.-mexican border. >> we're talking about something less than had a thousand miles, it's something that could be done, not done at tremendous cost. it's been costed by politicians and they came out with the outrageous numbers.
FOX Business
Sep 22, 2017 9:00am EDT
he got china to blink and stop banks from doing business with rogue regime. also today london blocks uber,ics phone 8 goes on -- iphone 8 goes on sale. varney & company starts right now. ♪ >> today i'm announcing a new executive order i just signed that significantly expands our authorities to target individuals, companies, financial institutions that finance and facilitate trade with north korea and i'm very proud to tell you that as you may have just heard moments ago, china, their central bank has told their other banks, massive banking system, to immediately stop doing business with north korea. ashley: words from the president on north korea. a north korea diplomat is hinting hydrogen bomb test on the pacific. stock futures not moving that much on the news. come in byron york, political correspondent, byron, thank you for joining us. it seems like every day we have some sort of threat involving north korea, but the markets don't really seem to care at this point, do they? >> well, they are not showing it. i think what you just heard the president say about china could be very
FOX Business
Jul 12, 2016 9:00am EDT
china has no legal basis for its claims in the south china sea, including an area of artificial islands often used by its military. elizabeth mcdonald, china is going to defy that ruling liz: yeah, in the tribunal, china says we're going to ignore it. by the way, there's no policing or mechanism to enforce it. this is a big deal, more than 5 billion dollar worth of trade flows through that area of the world. the u.s. navy needs to get through, as well as big oil and gas fields as well. stuart: louise, china is going rogue? >> how much ships does the haig have. unless there's will by the united states, china will do whatever it pleases and they've not accepted the international tribunal and shows that the yipes is a chocolate tea party and-- >> a what? >> a chocolate tea party. stuart: that's a first on varn any, despite my abbing, a chocolate teapot. and how things stand before trading begins. this is a big day, the dow is poised to open very close to all-time record highs, up 70, 80 points, right from the get-go this morning. interest rates, where are we now? they've been all o
FOX Business
May 31, 2013 9:20am EDT
know there are food imports from china are growing as food safety concerns in china grows so he we need to be concerned about that and one other point, the pork producer acquiring smithfield in 2011 was found to have produced and sold tainted pork. charles: right. >> so, you know, and on the economic side of this issue, why would we believe that-- the policy that china has by the way, a practice. what they do is rather than open their markets to their products. they buy a major producer and you know, that's -- the longer term effort is what about the, you know, their pork production and what happens with regards to costs, what happens with regard to competition? it will be much like the -- their production of chicken. >> congresswoman, congresswoman, i can tell you right now there is he' absolutely no doubt a lot of people share your concerns. you're breaking up a little bit and we're going to end it there. and we appreciate not only your concerns, but taking your time this morning and i will say to the audience probably the other side of the argument just as a form of protectionis
FOX Business
Jan 17, 2014 9:20am EST
worried? and apple's iphone goes on sale in china. 200 more expensive than they are here. let's multiply that by 1.14 million. and president obama addressing the nsa scandal, saying he's going to overhaul the whole program. what exactly does that mean? hold on tight, here we come. "varney & company." ♪ [ male announcer ] this m has an accomplished research and analytical group at his disposal. ♪ but even more pressive is h he puts it to work for his clients. ♪ morning. morning. thanks for meeting so early. oh, it's not a big deal at all. come on in. [ male announcer ] it's how edward jones makes sense of investing. ♪ there's nothing like being your own boss! and my customers are really liking your flat rate shipping. fedex one rate. really makes my life easier. maybe a promotion is in order. good news. i got a new title.. and a raise? manament couldn't make that happen. [ male announcer ] introducing fedex one rate. simple, flat rate shipping th the reliability of fedex. >> we've got big obamacare headlines to deal with. we know just over 2 million americans have signed
FOX Business
Jan 21, 2014 9:20am EST
blame for everything. a group of professors says we are responsible for china's pollution because we buy their products. "varney & company" is about to begin. [ male announcer ] this is the story of the little room over the pizza place on chestnut street the modest first floor bedroom in tallinn, estonia and the southbounbus barreli down i-95. ♪ this magic moment it is the story of where every great idea begins. and of those who believed they had thpower to do more. dell is honored to be part of some of the world's great stories. that began much t same way ours did in a little dorm room -- 2713. ♪ this magic moment ♪ >> there are times when our country is confronted with a crisis that poses an exessential threat to our nation and our way of life and congress needs to stand up and act. the test of our time is inequality. it's not -- it is not too much to say that inequality threatens the continued existence of the middle class in america. and even the american dream itse itself. stuart: democrat rosa delauro claiming income inequality is the biggest threat to our way of life. le
FOX Business
Dec 29, 2014 11:00am EST
indiana. if you have to be close to drive to it, it would be a good bargain. gmail blocked in china. where are the google shares? >> zero in on where they stand. up 2 tenths of 1% for the year however google shares off 4% compared to the nasdaq flirting with another record high. the story, gmail shut off in china, service cut off on friday continuing to be down this morning, monday, causing a sharp drop in gmail traffic and business dealings. an embassy advocacy group is claiming that this interruption if you want to call it that was due to the great firewall. it monitors and sensors internet use in china. back to you. tom: some breaking news for you. the popular burger chain shake shack is going to go public. filed for initial public offering the pricing as of yet. very popular place. the latest cnn poll, bush is the front-runner and takes nearly one quarter, 23% of republicans surveyed, 10 points ahead of his closest competitor. what do you make of this? this is awfully early. >> a bush-clinton run is scary to a lot of people. in a country of 300 million people, there should be mo
FOX Business
Sep 9, 2015 9:00am EDT
rally for the market here. china, japan, i say they are manipulating markets in a good way. china says if you hold stocks and don't pay taxes on dividend income in a female cut corporate tax rates. those are the manipulations i can live with. overall, what is your assessment? >> from all the markets right now, this is not an expect it. i am not impressed by it. i hope it continues that they doubt trying to make it to 17,000. global markets have been completely oversold and getting back on track to be on the upswing again. charles: what changes dynamics? would it be economic data or do you think so many things have been done to prompt these markets. >> global growth has to change. we have to stay positive global growth. we will certainly not seated in the late summer and into the fall. perhaps in a 2016 we will see something. i'm not even sure of that. governments are being reduced to having to go and come stimulus and create stimulus. so that means what is happening before passing apart. we are back where we started. it doesn't bode well for global economies. charles: does that me
FOX Business
Jun 20, 2013 9:20am EDT
, hewlett-packard and wal-mart. an interesting story that's just breaking as we speak. and it's about china. china's central bank puts out a statement today. or late yesterday, i think, denying rumors that its big banks are in deep, deep trouble. now, that really gets the anxiety level. the central banks, say, hey, no trouble with the banks, everything is just fine. that gets me worried, keith. >> gets me worried, too, the chinese invented money, people forget that, i think they understand it better than we do in some regards. the aspect, hey, we may have things out of control or losing control, that's a wrinkle that's concerning and i wonder if bernanke has the same problem. >> i don't want to move too far away from what ben did for the market. but i've got to say when china puts out a central bank statement like that, that's a factor in the decline. again, am i overstressing this? i mean, the central banks only reflecting or reacting to some rumors about its banking system and am i going too far with this? >> no, but you know, like every good rumor, right, it happened on tuesday and we we
FOX Business
Mar 31, 2016 9:00am EDT
ratings agency have downgraded china to negative. without getting into the weeds, larry, what does it mean for me, for our viewers? what does it mean for america? >> i think right now it doesn't mean a whole lot. if you want to be long the stock market, you're going to be in good shape even if china is falling off a little bit because of the fed, what dr said before. the markets will keep going up unless we see a really big drop in china's numbers which i don't think we're going to see. i don't think it's an issue and this market wants to keep going higher here in the u.s. stuart: thanks, larry. we're hearing about mcdonald's, what is this? planning a thousand restaurants in china? there's a china connection liz: ramping is up. 1300. ramping it up through 50% through 2020. mcdonald's have seen sales popping and seeing its recovery from that food scandal where it was selling tainted meats from a supplier, they're performing better than yum. people in china are saying rotten chicken at k.f.c., not happy about that, it appears they're switching to china-- to mcdonald's there. you can get
FOX Business
Jul 31, 2013 9:20am EDT
china hoping to sell china telecom on upcoming iphones. nicole, apple stock, please? >> very interesting, right? he's working china, up 1/2 a percent. 455.38 and apple has been gaining recently and working over in china and also talking to the head of china mobile, to see whether or not they can delve into that and see how they're the largest company for subscribers over there and we'll see what that will be. >> i don't know if you can see it, but we've got a bug on the screen in the bo bottom right. up nearly 60 cents on facebook, 38.22. so above the ipo price. i think the intraday high was 42 or something like that. >> i'm feeling it's 45 and that's offhand, but you know it's interesting, mark zucker burg, he was so mad when people were talking about what garbage the stock was. and he said you get it here, get it at a bargain and remember when he said something like that? many' paraphrasing. and. >> there's a lot of people who bought that above 40 praying is goes back to 40 and see what they'll do, sell at that point? thanks, nicole. and we're up on the dow and 15565. i wan
FOX Business
Jul 15, 2013 9:20am EDT
this monday morning. now we started to show you shots there of china. the story here is that china's economy is slowing. it was expected, but it's slowing to a rate of 7 1/2% growth per year. it sounds pretty good, but not what we expect from china. and let's bring in keith fitz-gerald, keith, they're slowing down over there. is that a problem for us over here? >> well, i tell you what, stuart, people have been betting on china's failure for four years, we should be betting on success. what happens, the nation is growing and economy is getting bigger and only natural that the figures normallize and they're going to drop for decades to come and i think the problem is overrated in the media right now. >> what about the reports that i'm seeing here in america, that in the second quarter of the year, april through june. the second quarter, earlier reports suggest our growth such as it was in the first quarter is slowing down dramatically to less than 1% per year. and has that got something to do with china's slowdown, and europe's recession and slowdown all over the world? >> that's a lo
FOX Business
Nov 10, 2014 11:00am EST
. this is the microsoft cloud. how can in china,sumption impact wool exports from new zealand, textile production in spain, and the use edic m noloch in thgy in u.s.?n u? at at twe prowe p,ce,cece ndweer undand stconneccos sof a ofompl cglobal, globalnomo t.e prowe pr e.inve inveith veidennf. 'seir ear li-year er appveraraat quesquest ospeprospe or pemmary prctuspeitush inveush inmenth it foion, rks, feeswe pr nexe.exes tnsreadnsnd conrr g 'seir ear li-year er appveraraat andre re whed ached and wereup. . a a noucnotion i gol goldd rrecy.tly. at genemotol moto derernewd newnigwitchewitche he monthefs befthe e ecale aobleaieore fledge ledg tesha then ly ely eenore y ony onse ioned aur ki???? it it fiet ay for tse iscovecove thids he the c cf discovy, gm held categorycate f e-maie-maichalleching thating te theth j, raisesbrowess a stustuffff u'veouotcouo coughs busses of els which which w der forder ,000 n,000 n ignition shes.s. t hea he hea theioei outswn outw fir iirnvgate the i iuu first guy heas heas aorney ttorney cgo.cago.. give a a repon how my my s s this this thiser ofi
FOX Business
Mar 2, 2016 9:00am EST
some growth in our economy. once we start seeing some stabilization in china and some growth in europe, we will start breaking about 3%. keep in mind that will grow significantly over. i looked back to 1950. 3% is the norm. we have been below it for too long. we will eventually get back on. stuart: is the limit to ronald reagan and the glory years of the 1980s who would have 4% to 5% growth. we have certainly spiked up to that at one point. when do we get back to that? >> we definitely did. >> we get back to it when we create an environment conducive to the growth of business. 600,000 small businesses open every year. 720,000 close. those are the statistics we have to change. we are bleeding to death. >> we made beneficial tax policy. we have to have that to create new sectors and see them grow. we also have to help areas like biotech or within type knowledge e. cybersecurity, that is where we see the growth. stuart: john no-space talking about. we have to light of main street again. years ago, 66 or send a business is run by families. today 42% are. and tasty family, small busi
FOX Business
Oct 23, 2015 9:00am EDT
southwest. watch out wealthy, cheating husbands in china, you could get your expensive bmw smashed with a hammer. oh, yes, you've got to admit it, we cover it all. "varney & company," the friday edition, about to begin. ♪ all right, take a look at this, this is a mobile home in rankin, texas caught on camera. ashley: there it goes. stuart: floating away yesterday. severe storms roll through the area on wednesday night and there you have it, floating away. it was found in a field not too far away, i believe, how about that? here you have it, rain-soaked texas now facing the possibilities of another deluge from hurricane patricia, the strongest storm yet. the southwest could feel the impacts. how strong it is and precise, a lot of people are on edge with that coming to the coast of mexico. and look at that, will you, smile, please? we're going to have a huge open this morning, this friday morning, 18 minutes from now, it's going to be led by big time u.s. technology companies. amazon, microsoft, google. all of them out with strong earnings. there's another factor in this overall market ra
FOX Business
Aug 17, 2015 9:00am EDT
china appeared joining us, adam shapiro, sandra smith and pete fitzgerald and seattle. he's moved to seattle by the way. sandra, this is yours. "the wall street journal" global recession may be brewing in china. sandra: there is a lot to this and it's taking some by surprise because the chinese story was supposed to come to fruition in things like law materials and commodities. the price of those continue to rapidly decline. here we are in the middle of earnings season finding out just how exposed some of our u.s. corporations are to china and now the slowdown they're really hitting them where it hurts. the chinese growth story not really panning out and a lot of investments hurting. stuart: scott shellady come a global recession may be brewing in china. >> i absolutely agree with that. 7% and there have been some whisper numbers that their growth is only two or maybe even less than the u.s. supposedly talking about a soft landing in china. last week they devalued their currency twice. i think it's as bad as people predict or maybe even worse. i'm sticking with the fact that it will
FOX Business
May 28, 2014 11:00am EDT
trading, there isn't that much price movement. sony breaking into china's video game market. for years the game consoles have been banned in china but now sony will be allowed to sell the play station, that may be as serious potential. by some estimates china's video game industry could generate $10 billion in sales next year. some estimates. here is patrick more, ceo of game studio, the former marketing director of google play. welcome to the program. the chinese left in the consoles but then they are going to counterfeit the games and i don't see that -- seriously. this huge problem i don't see $10 billion worth of sales in that kind of environment, do you? >> will be a real challenge. if you look at chinese video game market is definitely huge and booming, statistics are staggering. if you look at the pc side of a market where gamers' spend their time you have 115 million people playing games on their pcs of which 30 million are classified as core gamers or people who play at least 2 to 5 hours a week so getting people to get to the pc mentality to a consul is going to be a challeng
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