Transcripts For FBC Countdown To The Closing Bell With Liz C

FBC Countdown To The Closing Bell With Liz Claman December 7, 2017

It could delay the dull government from running out of government tomorrow night. The vote to make that decision could come at any moment. The key holdup might be dreamers and immigration. Arizona is a key state in that discussion. Arizona congresswoman Martha Mcnally will be casting her vote but first she will join us exclusively ahead of it. Plus, reaction to the president s decision to move the American Embassy in israel from tel aviv to jerusalem coming fast and furious, and even violently in some areas. How does the controversial decision improve the chances of middle east peace and is saudi arabia really onboard . The israeli ambassador to the United Nations is with us alive. He will also tell us when the exact time is now supposed to be for the Un Security Council meeting. On wall street, markets moving higher but mostly tech and financials lead the way. The s p 500 is on the way to the first game in five days. We are less than an hour to the closing bell. Lets start countdown. Breaking news. We are getting reports that wins are intensifying at this hour in Southern California as raging fires continue to sweep across the coast. Wind gusts are now predicted to reach the strength of a category one hurricane, at least in some of the mountainous areas. Look at the smoke that is traveling right over the coast. So officials are struggling to contain two devastating blazes. That one is in Ventura County and further south in l. A. , your member the 405 was closed down, still is in certain parts. Already, these fires have driven hundreds of people out of their home. We will take you too the famed getty museum were firefighters slept and are now poised with 1 million gallons of water to shield it. Stocks are standing strong with the s p 500 looking to snap afford a losing streak. The Dow Jones Industrial is up. Apple is certainly boosting much of the index but so is our parent company, 21st century fox hitting a two and half year high. There is of course the possible deal to sell entertainment assets to disney that weve been telling you about, but the deal chatter aside, the stock is getting a pop after analyst at wells fargo boosted their price target to 40 from 34. Share word is now. We are at 3426 at the moment but up 3 . Then theres this, imax and 20th century fox which is the Film Division of 21st century fox have agreed to extend their Film Distribution partnership through 2019. The deal involves big blockbuster hit like kings men, the Golden Circle and the new mutants which was important from me. Xmen, dark phoenix, as we said 20th century fo fox is up 3 . Imax flat to slightly lower. How about an upgrade with those shares of fries. Shake shack is hitting an alltime high raising the price target to 41 from 34. Share. They are way behind. Shake shack is already at 45. I dont really know what that analyst is thinking unless he thanks the stock will fall to 40, but right now shake shack is getting a huge gain up seven and three quarters percent. Give me that chocolate shake. To the white house and capitol hill, doing events happening at this hour, first at the white house. The big four. Senate minority leader Chuck Schumer, nancy pelosi, mitch mcconnell, paul ryan all meeting with President Trump this minute. Any of them could be making comments in front of our white house steakhouse camera after the meeting so they are there and this has begun. There will be some horsetrading among those five people. They want to avert of federal shutdown. Funding the government for another two weeks to give Congress Time to figure out a budget. Right now its supposed expired tomorrow night at midnight. Steven is not waiting until then. He is telling congress he will begin using extranet measures at 12 30 p. M. Eastern time tomorro tomorrow. He is not waiting till midnight. He says now is the time. We have to keep the government from going above the debt limit. When it goes back into effect on friday. Foxbusiness blake berman live at the white house. You have to split your tension between the white house and capitol hill but i thought you asked the White House Press secretary a very important question about the potential Government Shutdown and certainly there was strong reaction there. Sleeve got two Different Things going on. Liz, right now its about to be take to as Chuck Schumer and nancy pelosi are expected to shut sitdown sitdown. Also they are debating the stopgap measure which would fund the government for the next two weeks until december 22. Earlier it was mcconnell who described this as noncontroversial and hopes senators are able to take this up and pass it but the bottom line is, there is no official deal in place. No official votes for the moment. The fingerpointing is clearly underway as well, and that is coming from both sides. If the shutdown happens as the president seems to be rooting for in his tweet, it will fall on his shoulders. His Party Controls the senate, the house and the presidency. They may control washington, but this takes democrats to be engaged in the process and we hope democrats will play by the schumer rule and not hold this bill hostage. Right now the house of debating whats known as a clean cr, meaning a spending bill with no strings attached. That is what the white house wanted and if this ends up being what happens at the house and the senate, it would also allow for republicans to focus on tax reform in the interim, and then they would take up this whole exercise once again. The exercise that stresses your heart doesnt help your heart. Thank you so much. More on the budget battle. Why . There is one, possibly two issues that are really holding this up. Republican Congress Woman of arizona is in a particular position to address both of them. One is funding the military. Shes a retired firefighter from the state. Number two is the dreamer issue of where children of illegal immigrants, where they will stand on all of this. She is in arizona. She will share her unique position on defense spending and the dreamers in about 90 minutes. You need to hear from her on both of those. Now back to the dire situation in Southern California. We are learning officials are sang firefighters have made some seriously positive progress on the skirball fire, very close and in the bel air area. We understand it went from being 5 contained to now 20 contained. Robert gray is on the ground in Ventura County were strong winds fuel the fires and he is certainly watching where the 405 and bel air are on. [inaudible] we are inventory county watching the helicopter who will be dropping something onto the fire here. Well see more vehicles coming, we are just off the 101, about 60 miles north of that skirball fire and the getty center, about 40 miles southwest from the town of ojai which is surrounded by firefighters. We are continuing to watch as they try to contain the fire on the hillside. They are trying not to let it get any further. It has spread overnight. Ive spoken with some of the residents and they are very concerned about getting out. Then the other concern is how dependent they are on tourism. Will i let our viewers know, when we are in this situation were using cameras that are known as live view, sometime the audio is shaky but we know we have a good phone line established with a man named ron. He is the Vice President of communications for the getty trust. That includes the getty museum which is certainly, i would still say threatened, but you give me the update. I know we are waiting to hear whats going on with your wonderful museum. Thank you very much. First, let me just say thank you too the firefighters were doing a magnificent job and are concerned for the neighbors across the freeway. It was windy last night but no embers came over to our side of the freeway and for the moment at least, we are in the clear. We are looking at this aerial shot. Some of this is bel air. Its very disconcerting because i know that is extraordinarily close, just across the 405. We know firefighters, you let them sleep at the museum, correct. We did. We made the getty available to both firefighters and police. We provided wrist freshmans and a place for them to sleep and rest. Its the least we could do for the hard work they are doing to protect us. We know that lives are the most important thing, but as you are a museum, any smoke damage that has seeped in, tell us how the entire building is set up. It is stateoftheart. The getty is celebrating its 20th anniversary this year but richard meyer, planners and engineers were really quite committed at the very beginning to making the getty safe. Its a type one structure which is the most fire safe structure, we have a very sophisticated ventilation system that when smoke or asher in the air, it reverses and pressurizes the building so they cant get into our calories. I understand, you talk about embers flying across the air. You have fire resisted foliage all the way around and a milliondollar water tank to protect it. I personally am from l. A. And i got very nervous when i saw this commuter video shot by a vanity fair reporter who allowed us to use it. She was okay but as she was driving on the 405, it looked like she was driving into hell. Have you been monitoring the situation 247 . Of you seen flames like that. We have indeed. Yesterday we can look across the freeway and see the flames going up the hill and burning some houses. The smoke has cleared today, thankfully. We are looking at a live picture of what appears to be a vote storage area. Lots of palm trees on fire and votes torched. Think you too all of you and all the firefighters and i los angeles. Thank you so much. Ron with the getty museum, check your playbill. Crude is playing the comeback commodity today. It is staging a rebound. We will go live to the Stock Exchange. This is a tough segue from the fire to this, but its interesting and crucial story. You did a great job covering that fire day in and day out. Taking a look at crude, 5666, yesterday dropping 2. 9 . We watch those weekly numbers and saw the gasoline stocks and that weighed on oil. Today the move has a couple of reasons behind it. Number one is appear short recovery and the other is the threat of a strike by nigerias key oil union and that has actually put some support to oil moving and higher. The big picture and a lot of talk by the experts about u. S. Output and output by the United States in the first week of december is actually undermining the opec cuts or freeze to a certain extent. Today 56. 66 the barrel. The november jobs report is coming up at the number has the potential to move stocks. That is at 8 00 a. M. Tomorrow starting with maria. When we come back, we have the israeli ambassador to the United Nations and he will be part of an emergency Un Security Council meeting. He just got the timing for it. He will tell you next. Jardiance is the only type 2 diabetes pill proven to both significantly reduce the chance of dying from a cardiovascular event in adults who have type 2 diabetes and heart disease. And lower your a1c. Wow. Jardiance can cause serious side effects including dehydration. This may cause you to feel dizzy, faint, or lightheaded, or weak upon standing. Ketoacidosis is a serious side effect that may be fatal. Symptoms include nausea, vomiting, stomach pain, tiredness, and trouble breathing. Stop taking jardiance and call your doctor right away if you have symptoms of ketoacidosis or an allergic reaction. Symptoms of an allergic reaction include rash, swelling, and difficulty breathing or swallowing. Do not take jardiance if you are on dialysis or have severe kidney problems. Other side effects are sudden kidney problems, genital yeast infections, increased bad cholesterol, and urinary tract infections, which may be serious. Taking jardiance with a sulfonylurea or insulin may cause low blood sugar. Tell your doctor about all the medicines you take and if you have any medical conditions. What do you think . I think its time to think about jardiance. Ask your doctor about jardiance. And get to the heart of what matters. Breaking news. We have been given a time. We understand its been a time set for an emergency un City Council Meeting that will happen tomorrow morning at the United Nations. Why . Eight countries, bolivia, egypt, france, italy and others have called for this meeting to discuss President Trumps decision to move the u. S. Embassy from tel aviv to jerusalem. Joining us now, with those answers to all of that is israeli ambassador to the United Nations. Forgive me, we are possibly going to hear from the presiden president , nancy pelosi, Chuck Schumer, the Republican Leadership as wellin just a second and then well come back to this. Lets begin. When is this emergency meeting . Tomorrow at 11 00 oclock the Security Council will convene for an emergency meeting about the statement of President Trump. It was a courageous statement by a courageous president and i think the more we will hear about the truth and justice. It remind me of what happened in 1948 when president truman was the first one to recognize the state of israel. At the beginning people were shocked but then they followed the u. S. That was the right decision and we are grateful for that. Ambassador, no one is following right now. Let me be clear. The u. S. Likes to lead and not allah but at the moment there have been deafening silence or some who have said this is disturbing to us. The president of the Czech Republic already announced he will follow the u. S. And i believe other countries will follow the west. That is real leadership when you take the right decision even if its not popular, and i think when you come to jerusalem and you see the freedom of religion everywhere to me onl understand the only way to keep it open to all religion is by recognizing jerusalem the capital of israel. Standby. We do need to tell our viewers that the just completed meeting at the white house with President Trump. Here is some sound for that. Thank you. We are all here from a friendly, while unified group. It is a well knit together group of people and we hope will make some great progress for our country. I think that will happen and we appreciate it very much. Chuck, nancy would you like to say anything. We hope we can come to an Agreement Funding the government is extremely important. Helping our soldiers is extremely important in helping average citizens is very important. We are here in the spirit of lets get it done. Thank you for this opportunity. We are here to make progress. We have some important issues that we share with you. You destroyed the Opioid Crisis in our country we want to address that, help our veterans and again, all things have bipartisan support. Thank you very much. Pitch. Mr. President , we are here to reach a bipartisan agreement and finish out the year. We are glad that you invited us and were happy to be here. Thank you very much. We are glad we are here to resume conversations. Thank you im grateful for the leaders of both clinical parties. This is a time of great opportunity in this country. We are seeing growth at home but we have many challenges abroad and many challenges facing the american people. Im more confident than ever that with your leadership and with the good faith of all the people in this room that before this christmas we will produce real results for the american people. They will make america stronger and more prosperous thank you very much. With whats going on in the world, i would bring our great military genius, personal long and maybe general mattis its a couple of words. Its an honor to be here with the leaders from the hill, the number one priority for our country is to make certain we protect the constitution and our way of life and we have great bipartisan support. Im confident we will walk out of the. Thank you very much. Thank you. Thank you very much. This is a coup by our moment. We know how politics work. They were afforded the first opportunity to speak before paul ryan. It appears they are working hard to avoid a Government Shutdown. The house is voting at the moment. But i continue our conversation with the israeli ambassador to the United States. What is a controversial decision globally regarding america saying jerusalem is the capital of israel. It is very obvious to those of us who watch the history of this that it is a very nervous moment and it certainly politically tense. That said, Everyone Wants to know who else is on board. We hear these rumors that are kind of wiggly that saudi arabia is on board with the decision to move the embassy to jerusalem. Can you clarify for us whether saudi arabia is really on board . I can tell you many countries care more about the threat of iran and radical islam than they care about the local issues. We want them to be involved. I think what President Trump did yesterday was the right move at the right time. It will actually ignite the process for peace because for 20 years, we tried everything, even talks. Now all the sudden he is coming and we are saying enough is enough. So lets move on. Lets speak about the other issues. I believe we will see engagement and it will be involved in the peace process. Will that involve jordan . Israel has had a very Good Relationship over the past couple of decades with jordan and the jordanian king is in a bit of a tight spot because i understand he is the custodian of the mosque in jerusalem,

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