Transcripts For FBC Countdown To The Closing Bell With Liz C

FBC Countdown To The Closing Bell With Liz Claman June 22, 2024

Set for 2016 and both u. S. And canada, this could be the last chance for a last agreement. Negotiators, where do they hit a snag late last night over dairy imports and exports along with patents on prescription drugs. A deal would solidify the president s muchhyped pivot to asia. Economists say it would be a 77 windfall for the American Economy 77 billion windfall. Donald trump, Hillary Clinton, joe biden, of course the markets. Fox business exclusive with miracle man, 1980 u. S. Olympic team hockey goalie jim craig. Folks, get out your wallets, he is about to sell the miracle on ice jersey, gear and even the gold medal. Well show it to you all. Less than an hour to the closing bell. Lets start the county down. Liz now way, hawaii, is ground maui, hawaii, is ground zero. Tpp as it is known. Ministers from 12 nations are working fever like what many say could be most important global deal in history. Playing out on sandy beaches in maui, not even part of the talks might be muscling in, china. As weve been telling you chinas stock market had a horrible month, reeling from the worst monthly drop in six years. A new trade deal like this without Rising Economic superpower could severely diminish its political and economic influence in the region. As we say, this does matter to you folks. Every u. S. Business that either sells or buys anything on the global market, wants to know will the tpp become reality today, tonight . Bring in peter brookes, former Deputy Assistant secretary of defense for asiapacific affairs under president george w. Bush. Along with andy brenner, global strategist for national liance securities. Both in fox business exclusive. Peter, outcome matters to many businesses here in the United States. Is it going to happen . Will they make an agreement tonight . Certainly, under the gun to do so. Of course as we saw during the iran deal they could push it down the road if theyre very, very close. There has been stuff as you know, you mentioned dairy and pharmaceuticals United States, they will not get in on dairy unless canada does. It has to come back to the United States. Congress has to read it, to pass it. Not to find out what it is in it. They will read it first. They may have a deal but Congress Still get as say. Liz you know republicans sided with president obama on this one. They vote toed fast track it. There was a lot of pressure. As i recall one of the most political votes that weve seen in a long time, andy. Talk about where china fits into all of this. China has to be devastated it is not part of this. Does it eventually muscle in. No question china gets involved. China needs help right now. You mentioned the stock market. Down 14 this month alone. You seen tremendous exit of emerging markets. Tremendous debacle in commodity prices. China needs help getting the economy going. If this thing takes off, china will get involved. That will give them credibility. I think you start seeing much more investment which has left china in the last year, come back in. Liz weve seen massive amounts of investment actually exiting emerging markets going right now. Look at ishares. Weve seen it drop pretty precipitously . 44 billion in last week alone 4 1 2 billion. Liz four 1 2 billion in one week. We mentioned dairy, tobacco. We mentioned the protectionist fear comes through in i country. New zealand exports a lot of milk. So we do here in the United States from wisconsin to ohio. We have milk producing nations here. Will they be hurt if this deal goes through . That is the big question . They will not get in. New zealand and australia are sticking together. They will not go unless canada opens markets on dairy. Canada has supply management, external tariffs and quotas. United states will not get in unless canada opens up its markets. Key whichs and aussies under wto, they opened up dairy markets. There is no dial. Were not in unless canada opens its market. So there are things very important, obviously to that part of the world, dairy is critically important to north American Partners as well. Liz chinese are buying a lot of dairy from new zealand. That is an interesting aspect. What the investment play here, andy . Which part of the investment pie becomes more attractive if the trade deal goes through . You have to look back at chinese equities you have to wait until all the manipulation goes by the board. Liz the government trying to put pillows under the market. Weve seen in to their defense, ecb doing it, japanese, Central Banks are all very much involved but i think china could actually be a very interesting investment play again if this deal takes off and then china gets involved because it will give them credibility. Liz it is a lot cheaper now. A horrible month, folks if you thought china was too expensive it is less expensive now. Peter, back to the tpp trade deal. It is extremely ambitious. 30 chapters of rules involved. On top of it really cuts trade barriers. There are people who truly believe, and a lot of economists flipping over to reflect this deal, free trade on balance is much better for the world. Are you in agreement of that . Oh, yeah, im a big free trader but i want to see this agreement first. I want to see how this came out. Remember not everybody will necessarily agree with president obamas takes on this deal. There is environmental issues, intellectual property issues, labor law issues. So people will really want to take a close look at this. I think in general i would say, yeah, im all for free trade. It is good for us. It is good for others. Hopefully this sort of thing which will comprise 40 of the worlds Gross Domestic Product will get through. We have to see the deal first. Remember these are secret talks. Were getting a peek behind the curtain. Liz the countdown to the closing bell is worming our way stay tuned to foxbusiness. Com. The minute news comes out they will have it. Thanks to fighter brooks, former secretary of defense for asiapacific affairs and andy brenner, global strategist from national liance securities. Good to see you both. Weve been pouring over what came out in the last hour. Latest batch of Hillary Clinton emails were released curiously on the same day the Clinton Campaign release adler from her doctoring say she in excellent physical condition and fit to serve as president of the United States. Most of the candidates will release the health records. They released tax records. She is expected to release her tax records today. Lets get to washington correspondent peter barnes as you sorted through the release of literally thousands of emails, what jumped out at you, peter . Liz, we want to say there are 1300 new emails going back to 2009 when Hillary Clinton was first in office as secretary of state. So thighs do not cover benghazi. I just want to let you know that the state Department Says about 40 of these actually included information that should have been classified. These are emails that were through her personal email account on her personal server, and she said that, has said that none of this information was classified but now, the state department in reviewing this, alongwith officials from intelligence agencies determined in 40 of them there was information may not have been marked classified at the time but should have been classified. This is sure to stoke the fire, the controversy over this use of her personal email, as she is running for president , liz. Liz coming up in a few minutes well have both a democratic strategist and a republican strategist talking about hillary. Well be talking about joe biden. A lot more talk heating up even today whether he might run. Donald trump. There is a lot more on the election cycle. Thank you so much, peter barnes. We appreciate it. The closing bell is ringing in 51 minutes. Im so excited. A major star of the 1980 u. S. Olympic hockey team has decided to sell everything he is wearing in that picture. Plus his gold medal. And major historic memorabilia from the lake placid miracle on ice where the u. S. Beat soviets in 1980. Goalie jim craig, joining us exclusively later to show us the stuff and tell us, why is he selling . There is an oil boom in america. As you know, drill, baby, drill, worked very well up north. The country fracking away. The prices are volatile and dropping as iran plans to start dumping millions of gallons on the world market. What has that done . We saw Oil Prices Plummet this month alone. It turned out to be huge business for one bank, not even an u. S. Bank, a french bank that bets on the good ol u. S. Of a. Ceo of bnp paribas north america with us exclusively life, next on countdown. The only way to get better is to challenge yourself, and thats what were doing at xfinity. We are challenging ourselves to improve every aspect of your experience. And this includes our commitment to being on time. Every time. Thats why if were ever late for an appointment, well credit your account 20. Its our promise to you. Were doing everything we can to give you the best experience possible. Because we should fit into your life. Not the other way around. The closing bell in 45 minutes. Take a look at oil 47 wilsons today down nearly 21 for the month that makes july the worst month since october 2008. Is falling right now and the after market session. Prices are hurting the big oil names exxon mobil and chevron taking a hit after both reported disappointing results related to Falling Crude prices. Reporting though missed earnings in six years cutting them in half reporting 43 fall in revenue but chevron reported the worst in 13 years as ceo said he will continue to look to cut costs after already slashing 2 of the work force both companies are trading down these are widely held stocks many of you have them in your portfolio. Chevron down 5. 3 at a time when banks are complaining of regulations that they are way too difficult to bring in the profit. So bnp para bader just reported the best profit in three years in the beating estimates that is where it really sees opportunity in the United States this ceo of bnp paribas joins me in the fox business exclusive. You have a chance to make some real money. How are you doing that . Thank you for having me. We had a strong second quarter. The topline and bottom line. Of liquidity is up. In the United States, we have benefited from the same trend. The structure needs to be mentioned and unnoticed we have Investment Banking headquarters with a revenue platform it is the biggest Balance Sheet commitment we employ 15,000 people in the United States. Liz you may not know bnp paribas but made the bank of the west so you have that footprint but on top of that you have a very large presence in houston and that helps the numbers i am sure. How are you managing to make money off of all the tile oil prices . We are in the sector challenging conditions put us in a good position to advise clients and advising them and for the strategys to be some of the biggest in the world. Liz i love the point that big moneycenter banks complain about banking regulations when the french bank does business indebted states your help to those same regulations to do you complain and swear at them is a tough Business Climate . No question they are more constrained but in the meantime it will take it to a safer place and if they can afford it is a global bank but to identify those regions or that Business Model to go forward you just want to be compliant. Liz so just stop complaining and figure it out for them to manage their needs. Liz we had greece and all that was going on with the and then you have the of french president very heavily involved in the discussion. We saw what was going on in the streets of athens and it became questionable. It appears they will stay in the year rose all but the rates are being lowered in where is the opportunity there . They are a couple years behind janet yellen. First we have no exposure to greece. Liz you got out . As long as the commitments are met. But at the European Central bank let the ec does with the fed whiches support the economy which actually has been quite successful. With the expectation of the goals is 1. 5 . Liz date you so much a french banker helping to make money in the United States and 15,000 people employed. Good to see you. The ceo of bnp paribas north america in a fox business exclusive. Were 40 minutes away. Hillary Clintons Campaign having released the state Department Emails but are they worried more about joe biden and of Vice President if he jumps into the race . The panel will break it down. Whereas american farrell ben . The First Time Since the triple crown but where has of course, ben cents . Where they slope out of the gate . Why is it antion a weedy spocks . Here to talk forces stay tuned next. Countdown. When a moment spontaneously turns romantic, why pause to take a pill . And why stop what youre doing to find a bathroom . Cialis for daily use, is the only daily tablet approved to treat erectile dysfunction so you can be Ready Anytime the moment is right. Plus cialis treats the frustrating urinary symptoms of bph, like needing to go frequently, day or night. 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Liz back to rue the track triple crown winner american faroe making it a highly anticipated training run this morning preparing for his first race since the triple crown triumph by thousand fans watched him prepare for the invitational a lot of money in business is at stake with verses from running the Belmont Stakes in june the first triple crown in 37 years. Expect 60,000 people to watch american ferro race on sunday. Better race or seven different kind shying away for the media for the second day as the patriots kick off a number to a patch practice that the former game suspension with that best ability making 7 million a loan from endorsements in 2014 under armour. But that does not mean that they could not drop him or would not. What is the real effect of deflategate . For anheuserbusch ideas like to call you the Sports Marketing group. Will tom brady lose endorsements eventually . I think he will be hurt nationally they are sticking by him no matter what i think those advertisers you just mentioned will stay quiet. They will not drop him but they will not activate the endorsement not until this is all settled at the end of the day he didnt hurt anybody now matter what happened. Liz he her to the indianapolis colts. I am still mad. [laughter] but to shout out at the highest mountain. Liz is it his best interest to get out in front of the microphone . I said that from the beginning to any of us really know what happened . He should have said i like the football at the lowest average. Guess my people know that. This is a little strong Quality Control trying to get it down to though little one dash lois level the lowest level. I support that integrity of somebody thinks i went against that i will except that i thank you would have been a hero maybe they would have thought differently but when you start to tell the little white lie that becomes gray and dark you cannot get out. Liz then by accident you have destroyed that. So credibility is lost direct my husband is a Patriots Fans so she is ready to tell me to stop. Triple crown horses never used to run after the triple crown. Did american and. Liz t miss the opportunity to get it promoted or make a big deal . There was said deal before you won the triple crown but we dont know what that was the breeding rights in there is a pay scale in there. Liz but with beijing in a historic ninth very quickly got the Winter Olympics after it already had this summer what does this mean for beijing and the olympics . The ioc knows that they will deliver the money is not an issue with great facilities. Liz there is already bad press about rio day janeiro talk about how polluted the lake is. There is the cry to the olympics it will come down to three or four. Liz good to see you. The Sports Marketing group route. Continuing to talk with a 1980 olympic Gold Medalist jim craig why he has decided to sell all of his olympic memorabilia the flag and a hockey stick. Everything. And why. We have him with the exclusive. We were down about 17 points with the closing bell rings in 30 minutes the last trading day of the month of july. Fast furious seven. But it was not shot anywhere near loblolly and but in georgia now one Company Makes a big bet to make movies in the deep south is donald trump already picked his running mate . Could it be marked to bin and would he really joined the ticket . That seems strange but it is heating up. We have the panel next on the 2016 race. Countdown to the closing bell. Technology empowers us to achieve more. It pushes us to go further. 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