Transcripts For FBC Countdown To The Closing Bell With Liz C

FBC Countdown To The Closing Bell With Liz Claman February 19, 2018

The end to gun movement. Before he killed 17 students and teachers. We have an allstar panel to tell us if americas Tech Companies bear some or spots sponsor abilities for failing to identify nikolas cruz before his rampage. Will be joined to talk about the issue. And also the role that tech has played in russias push. The markets yes they are close. Foxbusiness is open for business. In first liz claman. For liz claman. Lets begin the countdown. The stock market taking it. Meanwhile s p 500 saw its best week in nearly five years. The nasdaq scored its biggest weekly gain and more than x years. What could move the needle. The january existing home sales and that will be on wednesday. Plus earnings from home depot. The stock market may be closed but the stock market has the rise today. Concerns over rising u. S. Production did tempered those temper those gains slightly. Crude oil is at 6250. The u. S. Dollar edging higher as they were apparently buying on the dip following the plunge to three year lows. Gaining a little ground. Easing fears. It was actually driving bit coin higher. Breaking through 11,000 for the First Time Since january 30. President trump he is not holding back 1 inch. A firing off a tweet storm over the weekend. Blasting everyone from the fbi to oprah winfrey. While missing warning signs concerning the deadly shooting in florida. This just in. Just moments ago literally obama was president up too and beyond the 2016 election. So white he didnt do something about russian meddling. Keeping track of the twitter storm blake. A lot of different issues there. We will start with the school safety. Where the white house has said the president is supportive. It is the one that they had used. The president spoke to senator john cornyn. The legislative and built built with the democratic senator. Strengthening the background check system. At this point the discussions are ongoing. When looking at ways to fix the system we want to check in the background system. Everyone else was raising the red flags. They did a decent portion of it. The president tweeting if it was the goal of russia to create discord disruption and chaos within the u. S. They have succeeded beyond the wildest dreams. They had steered clear of the most part on the state. You just played their moments ago. Of course the critics would point to that testimony with the intelligence chief last week. Among them when they were asked what specifically they had been ordered from President Trump to do to stop meddling in the Upcoming Elections they could not. 2 something specifically. The debate goes on. I think you. A lot to keep up with for sure. The indictment of 13 russian citizens also outed some of the most popular social Media Companies. Hillary evon is in los angeles. They are across the nation. They are gearing up from the midterm elections. It doesnt happen in 2018. To talk about election security. They were the president during the 2016 election. They arent the biggest threat theyve seen. But has come through to me also that the biggest threat is not from any of the Selection Process or Cyber Security issues. The biggest threat seems to be from the American Public believing. The global directory a policy announcing that facebook will start sending postcards by u. S. Mail. Facebook is making some changes there Vice President of ads is pushing back on the idea that russian meddling was only about the president ial election. Most of the coverage of the russian meddling evolves their attend. Very definitively it was not in your main goal. It happens after the election. It doesnt align with the main media narrative. From the president on twitter. Twitter youtube and paypal. Hillary, i think you very much. Lets get back now to the deadly shooting in parkland florida. All in fair condition. This as President Trumps put it at the forefront. In the hospital on friday night. We understand on wednesday. Today signaling he is in favor of the stronger background checks for firearm purchases. The shooting suspect himself appeared in Court Earlier today for the second time as a defense team attempted to keep certain files sealed. Fox news channel is being covered the National Tragedy very well. It was the first live at look at the shooting suspect in court. He was in a red jumpsuit. As well as his ankles. He did not say a word and he have his eyes down the entire time. I really somber appearance by this 19 world. He stands accused of firstdegree murder. Seventeen the separate accounts. His public defender said he is going to plead guilty in an effort to avoid the death penalty. The most serious one being by the fbi who admittedly received a call. He wants to kill people and he could be a school shooter. Add this two more than 40 visits to the home by the police. We are just getting news about a department of children and family since services. A lot of blame to go around here we get the first look at the suspect live in court. With your family and yes your Furry Friends we have a warning about dog food. It may contain a drug for euthanasia. After the possible contamination. The Russian Election meddling in the florida shooting. One common question the role that tech and social media plays in all this. Who is really responsible and what big tech can do it to escape the negative spotlight. Countdown is coming right back. We use our phones and computers the same way these days. So why do we pay to have a phone connected when were already paying for internet . Shouldnt it all just be one thing . Thats why Xfinity Mobile comes with your internet. You can get 5 lines of talk and text included at no extra cost. So all you pay for is data. Choose by the gig or unlimited. And now, get a 200 prepaid card when you buy an iphone. Its a new kind of network designed to save you money. Call, visit, or go to xfnitymobile. Com. Big tech is under fire on numerous fronts. We note that the investigation and that they we heard about paypal, and twitter and facebook these companies now being looked at what are you going to do to try to prevent this threat from russia and elsewhere. Lets bring in our panel of experts. And independent tech expert and journalist think you all for being here. Let me begin with you. Once weve seen the indictments and we realize how much social media played a role in the russian interference if you like who is at fault. That is a great question. I think there is a responsibility of these big Tech Companies to be vetting who is betting who is buying the ads and increasing transparency. One of the great debates we get into. Do we want these Tech Companies limiting what can be posted. Where are we more interested in creating the system. So that the viewer can see i like the step that they are talking about. Making sure that american citizens and businesses are the ones purchasing ads. Not only for elections were anything is that something that we just head to kind of live with . Its not just the ads that are the problem. Just like we do with every other ad. They created thousands of Fake Identities which they then used to spread messages across the internet and this misled people to make them think they were actually doing it. In 2016. We talk about ads even some of the ads replaced after the election. They were creating social accounts and misleading the American People and there has to be some somewhere for these social Media Outlets to verify where people are from. It was very will orchestrated. It was very will done. If you want to target particular groups of people. To fake news or certain stories. How on earth do they combat this kind of attack. All of them should be run as well as us russian operation. So while vetted and tracked at every level. They understood that these are tools and platforms. The best possible way to use them. They literally created a series of facebook groups that collected hundreds of thousands of members that touched on topics such as a the black lives Matter Movement and even at the geographic locations. Those are simply groups. They create a group and then an outside entity is simply trying to sway opinion does it. It is because of the way the systems are designed. Its very difficult for facebook and youtube to zero and on this kind of activity because it doesnt present itself as something outside the norm. They are mirroring what other people are doing. The u. S. It does this as well. We had been well documented. We are outraged that russia was doing this. As a something that happens around the world anyway. For sure it happens. We want to protect the integrity of our process and it really does go a gets people riled up. If that goal is not to elect one person over someone else. That is exactly what they have done. To stop being mad at anybody. We are putting our trust in you. We have to protect this process. More importantly is we have to hold the russians accountable. He has not fully utilize those sanctions. He is not use them at all. We need to start doing that. That is where the outrage in this country is right now. Why did they just get away with this. What about the fact that has been made that president obama back in a 2014 2014 it couldve done something about this but he took the soft approach. If you read the indictment. They were on reconnaissance missions. They did it put sanctions in on russia once they realized this was happening. Now the congress is demanding that President Trump to the same and he is not doing it. Lets get back into lance very quickly. I understand that facebook is not an ascent mail postcards to verified residents the pretty complicated and farreaching efforts by russia. Will the social Media Companies come up with something or some sort of algorithms that can identify like a piece of music. When it comes to sentiment and becomes extremely difficult to do that. They took a very long time to wake up to the fact that this was going on. They spent months saying we are not a part of this. And i would spend the last year seen im so sorry. Obviously our platform was used in this way. The platform was used to so this discord. All of america is on facebook. And dont sway in any direction. There is a lot of blame to go around. And certainly technology plays a role. And then the role of guns in the weight of the Florida High School shooting. As i just mentioned to the panel of experts. Could they had raised the red flag before he went into that high school with a gun. Based on some of his postings on social media. Is there about to be a meltdown in the steel market. Adam well have the details straight ahead on the count on. Successful people have one thing in common. They read more. How do they find the time . With audible. Audible has the Worlds Largest selection of audiobooks. For just 14. 95 a month. You get a credit good for any audiobook. And you can roll your credits to the next month if you dont use them. Audible members get free no hassle exchanges. And use the mobile app to listen anytime, anywhere. Start a 30day trial and your first audiobook is free. Listening, is the new reading. Text audio22 to five hundred five hundred to start listening today. At holiday inn express, we cant guarantee that youll be able to contain yourself at our breakfast bar. Morning, egg white omelet. Sup lady bacon fruit, there it is but we can guarantee that youll get the best price when you book with us. Holiday inn express. Be the readiest. China is jumping desperate dumping the seal all over the united states. Its killing you. Now maybe we get a little lower price but we lose all of the jobs. President trump has been slamming china for jump dumping steel into the open market. Now his administration is finally taking action recommending heavy tariffs. This quickly prompted a word. If the final decision to effects chinas decision. We all take necessary actions. China is not even in the top ten. We get 16 of steel imports from canada. 9 each from mexico and russia and only 1 from china. Adam shapiro is standing by. The big concern now is that all of this could lead to an allout trade war where nobody wins. China can sell a steel throughout vietnam. It might be counted as coming from vietnam but not china. But what these Commerce Department reports that were released last week actually show is that china and the overproduction is a depressing prices globally and that obviously has an impact on it companies a companys here in the united states. Look at how some of the steel and Aluminum Companies are performing. Major steel producers. About 116 since the election. Fiftytwo weeks. Up 34 percent. Alcoa they are up 88 since the election in century aluminum up 234 since the election. So what is at stake here. Making sure that the Companies Stay in business is one of the things the Commerce Department would tell you is at stake but there could be a trade war. I think we do need to be careful here that we dont start a reciprocal battle on tariffs try to figure out how to address the massive oversupply but do it very carefully. The consumers in all of these. And into the other manufacturing. Some of what they have actually recommended is they have included this. They want to have a quota of 86. 7 in 2017 imports. With the 7. 7 tariff or tax on all imported aluminum or they would recommend a 23. 6 tariff from china, hong kong and then take a look at steel. The quota that they would impose on steel to protect u. S. Steel would be 63 percent of that level of imports in 2016. A 53 tariff on imports from china. In ten other countries. You can see this building to be a very contentious issue. He has until april to decide what he wants to do. And as you pointed out. They have said get ready if america does this the final decision effects chinas interests and they will take necessary measures to defend their rights. Coming up next. The 17 High School Students and teachers are dead in the south Florida Community and they are in mourning. The signs were there. That the suspected shooter needed help. Could americas social media Tech Companies had done something to stop it. Hello. Hi. Hows it going . Alright, how ya doing . Welcome so, this is the allnew chevy traverse. What do ya think . This looks better than 99 of the suvs out there. Its very modern. Sleek. Maybe the most impressive part of the allnew traverse. Is whats on the inside. Surprise what are you doing here . Ive missed you guys. I havent seen you guys in so long whats happening . We flew her out. Its a family car, we had to put your family in it yeah, it gets 7 thumbs up Florida School shooter nikolas cruz appeared in court again today at this time as his public defender is trying to steal records and limit the amount of time he will appear in court for coming hearings. The debate rages on where they could have been stopped before he opened fire. How can washington help prevent another school shooting. Lets bring back kevin i think you both for sticking around. Kevin, let me get back to you. We have heard word from Sarah Sanders that the president may look at improving background checks on gun purchases. I am a member of the nra. I think the Mental Health issues making it tougher for them to get guns. Its not about limiting guns or taking certain guns away but by making it the the steps a little bit more rigorous i think that is part of the debate. A brick publicans immediately say they wont go there. Its only about guns. And they discount that Mental Health and all of these other issues. I think we have to be able to look at this picture holistically and say there is multiple things we have to do it for you to stop these kind of massacres from taking place. You might be open to a relook at the background check system in the case that has been brought to light by Nicholas Cruz is that right. The question is how did he get the guns. We absolutely need to look at that. This social media thing is a big thing. What about law enforcement. Where are the gaps are taking place from a guy who obviously shows some signs that he should not be in the being out in the public anyway. I think there is something mrs. On this to zero and in only on gun control is amiss. On the tech side of this. We know that we havent have a concern. We believe he posted it on youtube back in september and has xers of guns and knives on instagram. Should these companies alert someone that this individual is doing that or is it a step two far. It was literally a comment on someone elses video. People have been saying and doing horrible things for as long as the service has been around. In many times it means nothing. I can understand that people would initially not paint this as being a plan for violence and with the case of photos of guns on Instagram People post all sorts of images on instagram. It is easy for us to step back and look holistically at what this guy may have been doing and saying all of the signs were there but if you go back nine months or five months ago. It probably doesnt all ill look like a complete picture. I would love to see some sort of algorithm that flags these things automatically. And then maybe people take it air on the side of caution. Obviously that will make people feel better even if most people are doing anything. What can it hurt. Why do we need to see images of these arkansas 15s on instagram. Kevin let me bring you back on this. It appears that the Tech Companies are not working handinhand. He was definitely on the radar. In certain levels. The fbi got a tip with them. But if there was some sort of cross working together with the Tech Companies maybe that could be something that could alert authorities that this indivi

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