Transcripts For FBC Making Money With Charles Payne 20240713

FBC Making Money With Charles Payne July 13, 2024

That and so much more on making money. Charles earnings from cocacola, schlumberger, just to say a few. Tech stocks are falling out of the gate. The fed may end up being less accommodative. How should investors reconcile all the diverging trends . Phil blancato and jack ablin. All this anxiety is exacerbated near alltime highs a the love things going on. Start with the earnings picture so far . Happy with it . Better than anticipated . Yeah. Expectations were probably as low as a limbo stick. The fact is analysts have been calling for an earnings recession for the last three quarters. So we come into q3 with a negative 3 growth rate. What will likely happen is, that well adjust up close to zero. Analysts will lower their forecasts for next year. Charles here is the thing, phil. Big names have delivered. Also i think, i find it important to remind the office were comparing to the best year perhaps ever in earnings. Pullback is not the worst thing that can happen. Im not worried about flat earnings. If we go negative does it impact the labor force. Im concerned about consumer sentiment. If sentiment stays up and get a negative job print i think were fine. Charles jack, flood of news. All kinds of different stories on boeing, very unflattering things. That perhaps they held back some information. There will be a major hearing on boeing. Already the ceo lost the chairmans title. If this is true, is there any way he survives . What is your shareholders considered doing with the stock . Yeah. I think shareholders are going to have to take something out of the high hide of upper management if the allegations, tweets, so forth, Text Messages are true. The fact from an investor perspective, yeah it is looking bad but, you know, keep in mind, boeing is of strategic interest in the, for the United States. It is almost like an arm of the government in many respects. I think for long term investors. If you do see a pullback. We have certainly seen a number of these things, the news keeps getting worse, it just, i would say long term youre going to be rewarded for piling up in those shares. Charles phil, this is a stock i say never sell. This is one of my stocks, i tell people buy it. To jacks point theyre so wellpositioned for the next 20 years, considering Global Demand for their product. Nevertheless, these sort of stories are really, really painful to consider, some of the things being leaked out right now. To your point the stock held up pretty well. We havent seen a significant drop in market value. I agree with you. Its a diversified company that is a leading Technology Provider in multiple spaces. Right now they cant seem to get out from under it. I would not buy it yet. Charles do you think Management Change is underway . To the gentlemans point a pound of flesh has to be taken out of here. This is july were talking about the thing was grounded. No clear sight when it is over. Something has to change. Charles jack, to be clear, how does market break out from here. Well need growth, treaties, handshakes, a brexit deal a china deal. Something that will give investors visibility to say okay, now i see top line Global Demand rising. Were just not there yet. And, you know, i think brexit will be really interesting indicator t was certainly indicator of the trump election t was june of 2016. Charles right, right. Perhaps if we see some reconciliation there. Maybe thats a early indication of you know, new deals to come between u. S. And china. Charles real quickly jack, if something happens puts pressure on United States and china . China could pull back. We vent seen that in a long, long time. Earnings season flat and dont get pressure on the labor force, confidence is high, halloween is here. You know how much we spend 9 billion. Half the country, 175 million will buy halloween supplies. Catalyst to drive earnings higher is on us. Survive the next few weeks charles looking like strong yearend rally . I am. Charles phil, jack, two of the very best. Appreciate it. Want to go overseas, british Prime Minister Boris Johnson is working big time to get a newly reached brexit deal passed. Tomorrow is the big vote. October 31 is the big day. Ashley webster live in london with preview of it all. Ashley . How many times have we been down this road . Three times with theresa may. Boris johnson, the uk Prime Minister burning up the phone lines. Meeting with his cabinet desperately trying to wrangle the votes he needs of the he will need 320 votes. Want to show you the kind of votes theresa may got with her plan. January of 15, she got 202 votes. Tried again in march 12th 242 votes. March 29th at the end of that month she didnt get that close, 286 votes. By most equipments, Boris Johnson needs 33 votes above his conservative party to get this thing across the finish line. Where are they going to come from . Well the Northern Irish party, the dup, they have 10 votes. They have yet to commit to this plan. Opposition members, Labour Party Members whose con constituent whod over well mingly for brexit. Then we have the rebel tories kicked out a month or so. There are 28 of those could be persuaded to vote. It will come down at a knifes edge. Begins 9 30. It could go all day, all night. We have no idea. What is reaction of eu, french president Emmanuel Macron is fed up. He does not want to extend this thing anymore. He said we should end these negotiations. Weve heard that before too, havent we charles. Well find out tomorrow. But it will be a very interesting day. Charles ashley, hope you get a lot of coffee, my friend. Thanks a lot. Good seeing you. Joining me by phone is Brexit Party Leader nigel farage. I know you dont like this deal but explain to our audience why. Felt like were on the cusp getting this done. It is not brexit. While we conclude the withdrawal agreement. We would immediately enter into a new phase that would last for a minimum of 14 months, but more likely getting on for nearly three years in which were supposed to negotiate a new trade deal with the eu. They have already put down mark es they will not do a deal with us, unless we have full regulated alignment. In terms of environmental law, employment legislation, in terms of taxation, we would have to basically confirm with the european union. They have even said, that if we are to leave the european union, we cannot have a Foreign Policy that contributes theirs. Boris is taking us towards tomorrows vote, it would be brexit in name only. I would rather hang out and wait for a general election which may be we could get a majority. Our problem here is simple. We have a country that wants to leave and a parliament that wants to remain. Charles big business interests and establishment wants to remain also. Which makes me question whether, if you hit the reset button, did it all over again, would we go through another saga . Even if the votes were identical. If the country continued to support remain, would we find ourselves three years from now haggling out, sifting through the same obstacles. In other words, can a true brexit honestly be achieved . A true brexit cannot be achieved in my opinion what Boris Johnson tied us up to. It is like a partial brexit, half in, half out. That is not what i spent all these years campaigning for. I want us to be economically, globally competitive. I want us to be democratic, genuinely selfgoverning, making our own laws. What boris is putting to the house tomorrow is a lot better than abject surrender from mrs. May, it is still not good enough in my view. Charles nigel, before i let you go, there is sort of fatigue setting in. Feels like fatigue setting in. Markets have done pretty well. Some of your banks are up as much as 10 this week. Feels like there is excitement to get it over with min america were getting to point with the china trade deal. Do you think the movement you sparked can fall on deaf ears if this linger any longer . I understand that. We are as a nation, in terms of our businesses and investors, people are very fatigued. That is what Boris Johnson is banking on. Just because were fatigued, i do not want us to sign up to something that is a new eu treaty, that binds us to International Law and from which i dont think, you know, a genuine escape is possible. By the way, if we sign up to this. It will be many years before we have a free trade deal with the usa i would rather go for a clean break. Even if that meant a short term disruption. We would be free to set our own chart, chart our own course in the world. That for me is worth hanging out for. Charles nigel, appreciate it. Thank you very much. Thank you. Charles breaking news this is chaos in spain. Clashes erupting outside of Police Headquarters in barcelona. Officers in riot fear fighting demonstrators. Protesting imprisonment of Movement Leaders in catalonia, something going on for a while. Very heated. Doesnt get enough attention. Maybe now it will. Later on in the hollywood elite, alec baldwin coming to the defense of wealth and success in america. Social media is losing its mind. Kamala harris trying to attempt a hail mary. She is trying to get Rural America to vote against President Trump. Well ask arkansas congressman Rick Crawford if she has any chance making that happen. He responds next. Of a different kind. Adp helps canyon ranch place the right people in the right jobs, so employees like dave can achieve what theyre working for. Audreys on it. Eating right and staying active . On it audrey thinks shes doing all she can to manage her type 2 diabetes and heart disease, but is her treatment doing enough to lower her heart risk . 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So come ask, shop, discover at your xfinity store today. Charles the hunter Biden Ukraine controversy is getting deeper. Fox learned a Career State Department official overseeing ukraine policy raised alarms about bidens work, back in 2015 but was shot down. George kent gave his testimony to house investigators this week. To discuss, i would like to welcome republican arkansas congressman. Congressman, thank you for joining us. Good to be with you again. Charles this is a bombshell, a situation, that you know, many in the media said nothing to see here. Vice President Biden said nothing to see here. Now maybe there is something to this. What this points to, the fact this is going on in secret, continues to take place in secret. Adam schiff and his allies leak what they would like for the American People to know that supports their narrative. This kind of stuff comes out, well, this points to the reason if were going to do it, lets do it in the light of day. Put articles of impeachment on the floor if you think that you can make the case. Well vote for it. Have subpoena power like the minority party. Happened during the clinton impeachment and the nixon impeachment. Lets do this thing properly. You find number one, the American People wont support that. Number two if we were able to pass the articles to the senate, they would not convict. This is all a big dogandpony show. Charles feels like the terribles are turning on this big dogandpony show. You have to wonder, there was a lot of talk about the president trying to influence, get dirt on a political rival. Should any former president or Vice President be off limits if there is maybe evidence to suggest there was abuse during their time in office . I mean this thing with hunter biden has gone down a path i dont think the democrats want to see it go down . Theyre trying to steer clear about that topic. The president is responsible for trying to secure elections. The way he secures elections in 2020 is to look back at 2016 that means rooting out corruption. If the ukrainians played a role, if the russians played a role, he certainly should be asking those questions. I dont think that is off base at all. So do you want the president to secure our elections or do you not . If he doesnt, then you can point to the fact well the president is not securing the election, which is is it . You cant have it both ways. I think president is right to take steps to secure an election. In order to do that he has to look back what happened in 2016. Charles speaking of President Trump trying to quell tensions in syria. After Turkish Forces apparently already broken the ceasefire agreement. Theyre back to the full paws. We have isis totally under guard. Turkey is also guarding separately. Theyre watching over everything. So you have the kurds who were dealing with, are very happy about the way things are going. Charles the president is saying europe is willing to take isis prisoners, tentative, fragile, representative crawford, what is the message here . Where are we going with this . Question asked, can we trust erdogan . The answer is no we cant. But what erdogan can trust the fact our sanctions can decimate their economy. What our president is doing, taking diplomatic and economic steps to isolate turkey. Lets not forget the fact that turkey is technically a nato ally. There are some constraints against us to some degree as well. We need help with the europeans in that regard. If were going to implement sanctions, which we should as response to this. Well need help the europeans as well. Bottom line, he referencessed this in letter to erdogan. The sanctions worked. That is how we brought the american pastor back with sanctions. Erdogan doesnt want those sanctions placed. So i think we i will be sensitive to that. Charles President Trump seems to be saying, no one, he is not completely sure how this is going to play out. Is there anyway, i dont think you were 100 supportive of the with respect to advisors we had there. What is ultimate way of maybe the next solution, if you will . You know, barring some sort of a military engagement, keeping in mind they are a nato ally, that is going to be difficult. Charles right. We have to rely on diplomatic solution. And exert as much pressure as possible economically, hope to affect that way. If it came to military involvement, certainly in a better position than they are. We have to rely heavily on european allies and nato and then we have to visit the issue does erdogan, disturbingky erdogans direction, need to remain a nato ally. Charles that is a big question. Kamala harris, wants to combat President Trumps war on farmers. You are in a state with a lot of farmers. Is President Trump letting them down . No he is not. I hear from farmers all the time. This is a action that needed to happen. Were in a position to have much stronger hand dealing with china. The problem with china, as you know, since their accession into the wto they are not held to account. They continue to float their currency. They continue to require Technology Transfers as condition of doing business. They counterfeit product, any number of things you can point to that create an unlevel Playing Field for us here in the United States. They claim status as developing economy. I dont think that is fair. The president is finally calling them out. Charles congressman, thank you very much. We covered a lot of ground of the always appreciate it. You bet, thanks. Charles today is the last day you hear from if he members before a blackout ahead of the next Rate Decision in two weeks. Larry kudlow is accusing the Central Bank Part of the deep state. Next as joe bidens stumbles in the race for the democratic nomination Big Questions whether mayor bloomberg will be there to pick up the pieces. Thats next. Ive you the tour, i love doing it. Hey jay. Jay . Charlotte oh hi. He helped me set up my watch lists. Oh, hes ter

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