Transcripts For FBC Countdown To The Closing Bell With Liz C

FBC Countdown To The Closing Bell With Liz Claman January 9, 2018

House earlier. A unique, fairly civil, can you imagine that . Bipartisan debate before a Live National audience. You see President Trump is exchanging ideas with democrats and republicans alike, steny hoyer, the democrat to his left, standing firm, though, as far as the president is concerned on the wall, say that the u. S. Has no security without a border wall with mexico. Daca dreamers, chain migration, all the Economic Issues that meade to be solve. The president suggesting a plan in two phases, calling it dead in the water. Why . Adam shapiro is live in d. C. , hes going explain. On wall street, well, look at the bottom ticker. Extending a new year rally, as the dow, s p 500 and the nasdaq take aim at new record closes. You see the dow is up 124. The s p is better by 7. Nasdaq powering ahead by a quarter of a percent or 17 . People love to watch the techheavy nasdaq. Financials, industrial stocks are driving the record run. In las vegas, were coming to you live, in the broadcast tower, 7,000 media. We have the best places. Gambling takes a back seat to techs biggest innovations. The ces tech show 2018, going to be a record breaker, we are told. Over 3900 companies are exhibiting several hundred thousand products. 170,000 people are attending with 150 countries represented. About 50 football fields of exhibition space, youre looking at a live picture. Were in the central hall. Theres a central, northern, south hall and the Las Vegas Sands has wearables and drones in it, gadgets, gizmos, accessories from names big and small showcased across ten locations on the strip. Look down there, its not just tech, its block chain, the cps company, theyre throwing bitcoins, chocolate bitcoins. Look, i caught one got one right there. I spent the morning getting turned upside down, the roof is leaking, can we take lances shot there. Samsungs newest Virtual Reality experience, truly getting lucky, maybe unlucky, up, down and around, flying on the back was it a pterodactyl . Yes, it was, for all of you asking, did i get sick . A teeny tiny bit. We had a huge crowd to the left there. People were screaming because it was the first live demo of ces 2018 and fox business had it for you. Now the gadgets at ces, you never know what youre going to find, i have to tell you i was surprised to find this smart underwear called skin, skiin, it tracks the health stats, has a do hickey in the waist, and they have it for men and the big reveal, women it will track fat burning capability, your stress arousal, not other arousal, sorry, and alexa with mega two room display at the hard rock hotel. Were all over the place, were on the move. Cashing in on the voiceactivated home assistant craze. The message to the world, google and amazon dont have to be the only winners in this space. And im talking about the fact that theyve got all of those, a huge suite of speakers that capitalizes on the Virtual Assistant craze that is the big trend here. And what would ces be without breaking news, Verizon Digital unit oath announcing contract with the nfl will go into effect this weekend. Thats tim armstrong, the ceo of oath. Yahoo live stream set to stream live sports, one of the strategies. The ceo grabs what he says will be two billion users worldwide in the future. I pushed him by the way on whether or not he could really take over facebook at some point which has around that when it comes to users. He tries to be diplomatic. You got to watch it. Its also on lizclaman. Com. Actionpacked show. Michigan Governor Rick Snyder is here . Why . Why . This is a de facto auto show with more media than the detroit auto show, home to the big three. Rick snyder is going to tell us what motor city is doing to adjust and embrace a driverless and electric vehicle future. Republican from michigan, Governor Rick Snyder live coming up. Plus, have you got to hear what samsung north american ceo and president tim baxter has to say about the flack that the whole smartphone world is looking at and the flack is going directly at rival apple, taking on, listen, all kinds of accusations, and one of them is slowing down iphones they want you to switch out because theyre older. It is a big controversial slowdown and well ask tim baxter frankly and right there, is that how samsung plays . Are they playing that game . Hear what tim baxter has to say about the samsung phone. Plus the greatest gadgets and gizmos that could be in your home coming up on countdown. When you see the markets doing this well, these guys love it. Ces people absolutely love it. These Big Technology companies, everybody is here from big ones to indiegogo inspired and funded ones, they say this is a better atmosphere in the United States right now for big business and small. Speaking of devices you all use every day, yeah, that chip controversy, intel is here. They always have one of the biggest groups. Intel not doing much to alleviate the chip problem worries that have taken the tech problem by storm. Talking about the chip flaw discovered in the deepest kernel of chip memory, also the ceo Brian Krzanich, the big speaker last night. Intel down another 2. 33 , at 29 million shares and volume moving right now. He said that the patches that are supposed to guard against the meltdown and the specter are actually slowing down some of the equipment. The personal computers and servers in particular. Intel is the in the only chipmaker complaining well, actually complaining about intel. Microsoft has intel in line of fire but aisle amd is also falling. Amd is down 3 after some of the Computers Running on amd chips were not just slowing down, freezing up as well. Microsoft says were stopping this patch. The patch is not helping right now. So they have temporarily halted the use of the patch at microsoft, the tech giant going so far as to temporarily suspend attempts to work it in, people are getting furious, wait a minute, the patch is supposed to help the problem is completely shutting down my device. That is wailing on the broader sector. The Philadelphia Semiconductor giving a better picture how things are going, down half a percent. This is the intraday picture, it plummeted because Brian Krzanich was giving a speech yesterday and people pushed and expected as the leader of intel would say enough to calm worries . Well, he was honest, but didnt calm worries on the chip security concerns impacting quite frankly the broader markets. Stocks flying through the roof at this hour. With all five major indices breaking out to brandnew record highs. Talking about the russell 2000 too, on pace for sixth record close in the new year. The sixth consecutive records to start the new year, thats going to tie the alltime record that hasnt been seen in 50 more years. The atmosphere here is great. But i have to say, its raining in vegas and the roof is leaking. Can we show whats going on down below . We have lance, our camera man there, if you look, there are trash cans placed all over this floor of about 50 football fields because the roof is leaking youre bringing the roof down, liz. Liz im bringing the roof down. Thankfully the sky is clear above our roof. Very nice. The immigration debate is raging at this hour. Gop Senate Leaders spoke out on capitol hill with the meeting with President Trump, immigration and avoiding the shutdown. Lot of things going on here. Senate Majority Leader Mitch Mcconnell suggested there may be another stopgap spending bill. Listen to what he said. Necessary in order to get crafted, an omnibus fully crafted with the agreed to top line. Liz adam shapiro live on capitol hill. We saw the video and our world and viewers were riveted during the neil cavuto show, it looked like the nation was getting closer to perhaps immigration deal, are we reading this right or not . Reporter sarah sanders, the press secretary at the white house, saying in a behind doors session, they agreed to you might call it a two phased thing. Im going to read what shes saying is agreed to negotiations immediately on border security, chain migration, the visa lottery system and, of course, a fix for daca, the deferred students who 800,000 who were brought here. You heard Mitch Mcconnell saying the funding bill they want a clean bill. Dont tie immigration to it. Chuck schumer, the minority leader in the senate, the democrat saying lets do daca as part of the spending bill. And the president during this roughly one hour televised negotiation was doing what he called a bill of love and comprehensive Immigration Reform for the 11 million illegal aliens or undocumented people in the United States. Here is what the president said about getting a comprehensive bipartisan deal. My positions are going to be what the people in this room come up with. I am very much reliant on the people in the room. I know most of the people on both sides, have a lot of respect for the people on both sides, and what i approve is very much reliant on what the people in this room come to me with. I have great confidence. If they come to me with things im not in love with, im going to do it, because i respect them. Reporter and liz, whats incredible is the president says hes willing to take the heat if it comes from members of his own party, if theyre not happy with Immigration Reform compromise for all 11 million undocumented illegal aliens and Lindsey Graham said, this is the most fascinating meeting ive been involved with in politics in 20 years. If you are keeping a score card, expect heavy debate for a daca fix tied to a cr, another continuing resolution to get us past january 19. Whether its clean or not, Mitch Mcconnell says dont put immigration in there and comprehensive deal in the works come march. Back to you. Liz i can tell you, adam, a lot of Tech Companies are watching this so closely. Not just talking Silicon Valley. In nevada, immigration is something thats a talking point, and you know what takes it over . Tax reform. The tax reform boost is echoing into the new year, some 40 companies have responded to the Corporate Tax cut as handing out bonuses and boosting employee benefits. Weve told you about the names, aflac, and well show you an unbelievable aflac duck that is helping children with cancer understand their disease and make it much easier for them to deal with it. Now visa is announcing its raising the corporate match bricks, 401 k plan, thats good news. And Berkshire Hathaway is set to take a 37 billion windfall from the tax overhaul, if you listen to one of the most followed people in business, this only is the beginning. Companies doing things in the short run like increasing wages and bunch of stuff like that or onetime bonuses and may do something, we announce it sometime later. But overtime that retained capital will be used to grow businesses, r d, hire people, wages, competition, and over time, very good for america. Liz if jamie dimon is right, and i can tell you many, Many Companies at ces 2018 believe he is. What will it do to already blockbuster stock market. To the floor show and trader, john corpina, steroid shot after steroid shot, the latest one from jamie dimon and two guys here who said the same thing, tim baxter of samsung north america feel the atmosphere is fantastic. How much longer can stocks ride the big wave . I think we have a long way to go and to know ride it. Everyone is waiting to see how the tax reform is going to help corporate america, from the corporate side, when they keep the money, taxes have changed, repatriation, more cash on hand. They invest in their own infrastructure. They buy other companies, they buy the stock back, and pay the employees more. Liz and million. Trickles down into spending in our economy. Liz phil, are you on the party train . I am on the party train, you asked me if they passed the tax reform what it would do to the stock market, i said it would double. Weve gone up 10 . We could double by october, i dont know if we keep on it in this pace, the most historic since the 1980s and were going to benefit by it. Liz john corpina, phil flynn, i think a lot of the biggest and smallest names in tech agree with you. Liz 45 minutes until the closing bell rings, the markets look great. What about the auto world. Its not here. Im not kidding you, the governor of michigan rick snyder is here, too. This is a huge auto show in its own way. Were going to stay tuned and find out in just a moment. Hes with us live. The dow is up 132 points. Building a website in under an hour is easy with gocentral. From godaddy in fact, 68 of people who have built their. Website using gocentral, did it in under an hour, and you can too. Build a better website in under an hour. With gocentral from godaddy. Liz welcome back to ces 2018. Wanted to take you to vivtar, because speakers, remember speakers, speak, are so huge when it comes to you can see the flashing white ones, vivittar is something that represents what we all love to do in the car, that is hear and listen to music, but cars are massive here and broaden the aperture and talk to governor rick scott im sorry, governor rick scott, thats florida. Governor, is this the first ces . No, actually i was in the computer business back in the gateway days. Liz gateway the cow print. I helped founded the company with tim wait, the founder. Liz i can remember when ford was the only car company that was on this floor. I want to say 2009. Only car company. Now everybody is here and this is their choice. It is the creation of mobility which is the convergence of the Auto Industry and the i. T. Industry, if you look at it the most exciting field in the world. Liz autonomous, electric vehicles. Yeah. Liz right . But there is a perception as liberals tend to not like fossil fuel driven cars, we hear conservatives poohpoohing electric vehicles. Youre a republican, thats not a good thing, is it . Dont we want to be at the forefront of the Biggest Technology Growth Opportunity . Thats where im proud, michigan is the center of the industry, and great to see. You have two or three categories that people look at discreetly. One is mobility, autonomous, connected vehicles, leading the world in that. And you mentioned power systems, electric to hydrogen, internal combustion and diesel fuel, the third area is advanced materials, new aluminum vehicles, composites, there has never been a more exciting time in the Auto Industry merging in the mobility industry since the creation of the vehicle itself. Liz there was so much criticism of the Auto Industry bailout back during tarp and the financial crisis. Im assuming you dont think it was a mistake to bail out the Auto Industry. I personally dont either, people were screaming, let it die if you cant stay on its own feet it. Made a huge comeback. It wasnt just about one or two companies, it was about the industry potentially collapsing. One of the unique cases to support the industry. Auto industry is thriving today and healthy. They added so many great jobs in michigan. Lead in research and development, its exciting now. Liz almost Silicon Valley in detroit in a way, all related to the Auto Industry. Where do you see selfdriving cars going when it starts to really explode right now . Seems to be in incipient stages. Coming faster than people think, were leading in the world now with test facilities. We did the American Center for mobility. Over 500 acres of the worlds best test site. Were using the highways, i signed legislation into the law which allows this to happen. Its great stuff. Its not just about technology, its about benefits. It will save lives, about safety, its an opportunity, may help people that may not have access to vehicles or cant drive to have transportation now and about efficiency, using the infrastructure smarter. Liz the former gateway executive is having great time on the floor of ces, great to see you, governor. Rick snyder of michigan. Appreciate it. Thank you. Liz i want to show you something here before we go to the tease. This is a fascinating piece of equipment that is getting a lot of talk. This is a mouth guard, and its called the concussion detection mouth guard. Its by prevent biometrics in conjunction with the cleveland clinic, this fall. 199 during football season. Protects the force of football hits on the field and the coaches can look at an app and decide whether to pull the player off the field. One of the major Tech Innovations in 2018. When we come back, samsung is about to hire 500 people in the United States, well tell you where, and its this friday. Stay tuned. Needed to do to get an estimate was snap a photo of the damage and voila voila i wish my Insurance Company had that. Wait hold it. Hold it boys. Theres supposed to be three of you. Wheres your brother . Wheres your brother . Hey, wheres charlie . Charlie . you can leave worry behind when liberty stands with you. Liberty stands with you™ Liberty Mutual insurance. Liz 170,000 people descending. Huge crowds at polaroid. I want to show you this gadget here. This is called the prime 360 degree sunglasses. You can preorder these about, 399. The worlds first 360degree video recording eyewear. Remember google glass . That fell apart and went nowhere. This has a huge camera in it and 60 minutes of recording. And has builtin wifi and doesnt look as geeky as google glass. Okay, google glass. That didnt work. One of many different innovations but what if youre leaving these things around or laptop around and youre always worried that you turn your back and somebody st

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