Transcripts For FBC The Claman Countdown 20200210 : vimarsan

FBC The Claman Countdown February 10, 2020



away, wait till you see which candidate are speaking live in this hour. we will take you to new hampshire in the campaign trail. you have heard of blood diamonds, what about blood makeup. we have the founder and ceo of beauty counter, have you heard about this company, the founder is disrupting the entire cosmetic industry cleaning up the dirty underbelly and making money hand over fist doing it. deep coding, the human and cycle pedia who has three pics for you. he says they will spike this year for your portfolio. charlie breaks on the latest wild pitch in the sale of the new york mets. we are less than an hour to the closing bell, let's start "the claman countdown". ♪. liz: we need you to look at a company called co-diagnostics. this is a back scene maker, and it just resumed trading after being halted on news that it's begun to sell the screening test that is specifically designed to identify the deadly coronavirus. look at the stock now, for $3.88. it is jumping 29% because the screening devices it makes are immediately available on a research use only basis to thousands of labs across the world. later on in the program we are going to be talking to a china business expert lawyer that handles corporate deals for very big companies. he is about to predict what time limit will take for china in these companies, u.s. companies whose stock they own will be able to get out from under the crisis. they are surging after simon property group offered to buy the rival for 2.3 billion, these are big mall operators jumping above the offering price of $52.52. we have it at 53.13. and simon property is up 142.35. let's get the report "after the bell" tuesday. ahead of that, the stock is moving higher by six anacortes percent, as northcoast research upgrades to an all-out by encouraged by the latest results from uber. not even waiting around to upgrading. see the numbers, they look like uber's numbers and figure the sunshine will splash over left as well. on pace for the best day ever. after ibm moved all of the 350,000 employees to the app making is the biggest customer. that's good for 14 and a third% gain on slack. and sleepless nights for casper sleep investor. the mattress company trading below its ipo price of 12 bucks a share. it is at $10.10 a share. the second day of losses for the company since opening or public trading on thursday. t minus nine hours before the first vote are cast in the first in the nation presidential primary. the residence, the total population 12 and the last census, one of three townships to begin voting at midnight tonight. each hour between now and then has a candidate feverishly running and gunning and during this particular hour, we have senators bernie sanders and amy klobuchar along with former vice president joe biden all holding events around the granite state. those ally pictures, we will keep you posted on that but we have to tell you about the polite moments ago predefined that bernie sanders is taken front runner for the first time in the tuples. he is at 25%, joe biden is at 17%, remember former new york city mayor mike bloomberg who is sitting out the tuesday primary, is now at third place at 15%, senator liz warren at 14% and pete buttigieg at 10%. two, make shane in new hampshire on the ground where he has a finger on the pulse of the swing state economy. from a money standpoint, what matters to the folks in new hampshire and this is interesting about bloomberg running to their place. >> it is. that pole looks closely after tomorrow night, the national poll to see where wennberg fits into this race. if you had to pick one, it depends. i was a generally speaking democratic voters mention healthcare. in terms of the race itself in the state, it appears to be a two horse race as we headed to tomorrow's primary between bernie sanders, pete buttigieg and if the polls hold, you can see as you watch the vote, we spent some time with both of the candidates on the trail. they know they are running against each other and in fact if you listen closely you can hear them taking several jobs at each other. take a listen for. >> even in the newspapers today you can see candidates conferring with their donors. you are my donors. [cheering] we don't go to rich people's homes and get advice from millionaires and billionaires who are raising all kinds of money. >> there is no explanation for where the other 25 trillion is supposed to come for. how are we going to pay for it. are we going to pay for in the form of further taxes? or are we going to pay in the form of broken promises. >> i don't think there's much doubt about which either candidate is referring to. if you look at these polls, real clear politics on the average of the polls in new hampshire, senator sanders in the lead. amy klobuchar, the senator from the state of minnesota really looks like she has been making iran in the last few days. that the storyline we are looking at heading into tomorrow's primary. if she were to take the third place where she was in the average of the polls, that means either senator warren or former vice president biden would finish fifth which is a huge story in new hampshire. we are watching all of that. as ago back to, make one more mention where we are today, this is the fifth state we visited part of our series on swing state economies, we are coming to you from a business winery in new hampshire, you will hear much more about that. and also other business owners are saying about the economy in the state which is a key battleground state heading into not only tomorrow's election but the november election. you will see that in the next hour after the ball. liz: it is not happy hour yet. tell the crew. >> it is 5:00 o'clock somewhere. >> good to see you and stay tuned because at the top of the hour, he will have the very latest. these numbers are changing and each minute brings a different life event. tesla stock back on the superhighway in the final hour of trade. see shares our charging higher. the forbes article that the electric vehicle giant could be an attractive acquisition for google parent alphabet. and alphabet could actually pay upwards of $1500 per share. we have triple solvents for tesla, $777 right now. there is more good news for the house the elon bill. shanghai and giga factory has reason production and employees have returned to work after order by the chinese government to shut down the factory. that was late last month. tesla warned it would cause a 1 - 1 and a half week of a ramp-up of models threes tilt at that location. that is more bad news for the tesla bears who have been squeezed to the tune of $8.4 billion over just the last five weeks. compared that to last year when they lost 2.9 billion. that is nearly the same amount they lost during the first week of february alone which totaled 2.4 billion. these numbers are making my head spin but tesla is still punching higher by 85% so far this year. 320% since hitting an annual low of $176.99 on june 3. don't you wish you bought it then. and something for investors to look forward too, elon musk weeded out in the last couple of hours that tesla's april company talk will be coming from there giga new york factory where they make solar glass and other products. customers and media tours will be offered with tesla constantly define the naysayers, how should investors decode the latest message of tesla stock. you guys have seen messages from stocks over and over, what is the message received from tesla and how are you decoding the recent move? >> everyone is trained to figure out the historic move in tesla means the market is closer to pop, i don't think that means about all. they are trained to think of some kind of move that everyone mystifies everyone. at this time i think if you bought it over the course of the past two years, it could've changed her life. it shows the market is taking a risk in the market wants innovation, i think elon is doing a fantastic job of delivering on his message and on the product, at this point i do think do you think 950 is a historic high, i don't think so. do i think it needs a few weeks to digest the ramp-up, yes but i don't think that is a high, i think this is more upside than the months to come. >> it is been a lot of fun who are owning the stock, it is been absolute agony for the short-sellers. we were both short and long because we speak to all of the market. tell me what the latest messages, gain of 3% right now, $777 a share. give me a sense of where you see this going and if there is any belief google whatever by the. >> i don't know if there is but if i tell you if they did they better by elon musk with that because that is why tesla is where it's at. they will have to own elon. google has all the money in the world. and back in olden days, the big three, gm, ford, all those guys are trying to develop electric cars for 50 years. and this guy did in a couple of years. the biggest mistake you can ever make is to bet against this guy per he is a crazy genius. i'll tell you what, i own the stock and 80, i brought it up to 300. i'm never going to sell the stock then he went off the deep end, and then i thought maybe i would back off a little bit. my biggest regret. this company is different than any other countr company on the. you have a guidance and visionary that everybody said it was impossible he does it anyway. >> he is an innovator but it's more than that. he is at the forefront of hurting oil prices in a way. were saying not in an outsize way but if you see the peace of crude oil in the future, he is almost making crude obsolete eventually. >> remember a couple years ago we were talking about the # oil at 45 because it stayed there for about two and half years. is tesla the new amazon for transportation? this is why the stock is going up like this. i think investors think tesla will disenfranchise all the other transportation companies because of its giga factories and the leader has an electric vehicles. and look at tesla coming into your home, putting solar panels on your roof and i'm sure they will e-mail everyone who's ever bought a tesla insane output solar panels on your roof, power your car, your scooters and they have such a lead to other car companies with her giga factories and what they already have in the ground and the value of that. it doesn't have much of a downside because it could always get taken out for cash in the upside is not limitless but pretty high. i think this is what's driving the stock. liz: edelman, we would love to get your perspective on this and why we were talking we want to talk upside the dow is up 126 points, we are keeping an eye on that, that's a new session high. victoria's secret is out with the closing bell ringing and 47 minutes. parent company l brand rising at this hour on the report that the laundry giant is nearing a sale to private equity firm sycamore partners. the announcement could come as soon as this week. l brand is ready up 31% since the start of 2020. it is gaining another one and three quarters percent. up next president trump released his budget proposal with big cuts to medicare and medicaid. the $4.8 trillion question is, forget the democrats, will his own party be the first to reject it. find out when "the claman countdown" comes right back. ♪ for the exact same drugs. but they aren't listening. they've just raised the prices of over five hundred drugs. president trump supports a bipartisan plan, that would force drug companies to lower prices. but the senate won't act. tell senate leaders to stop drug company price gouging and lower drug prices now. how bright you shine. how strong you are. how brilliant... unique... how you're... my rock. my diamond. for the diamond in your life, there's only one diamond store. it's the valentine's day sale. get 25% off everything. including these special deals. at zales, the diamond store. apps except work.rywhere... why is that? 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that takes a lot more than an alternative. so we took our worst vice, and turned it into the dna for a better system. materials made from recycled plastic woven and molded into all the things we consume. we created bionic and put the word out with godaddy. what will you change? make the world you want. we have this, i know i told you at the top of the show that the nasdaq looks to close at a record high, now the s&p might very well as well. it is on pace to finish at least in record territory, it is up 17.76 points. it needs to be up more than 18-point, we are really saving here. but were less than appointive way of work needs to close to see another all-time record. and this is just hitting the tapered patrick harker ahead of the federal reserve bank is now saying that the economy is stable enough and on track to reach the elusive 2% inflation target. that is the level the fed has been trying to swat at and cannot reach it. over months and months and quarters and quarters and years and years. but at the moment patrick harker says the economy is in good enough shape to do that. we will be watching it very closely. but he does put in the caveat, watch out for the effect of the coronavirus. they could affect in some way shape or form, you have to watch the development. president trump $4.8 trillion budget plan was delivered a few hours ago and already turning heads at the nation's capital. big-budget slashes to the epa, environmental protection agency foreign aid, health human services department in the education department. but that has not got the eyebrows rates, it is a cuts to medicare medicaid. where will we see more spending, the department of homeland security, nafta and money allocated to his promise border wall between the u.s. and mexico. let us get to blake burman at the white house. let's talk about the social safety net cuts which i would imagine there is very little taste on the gop said let alone the democrats start to say yes to something like that. >> democrats are talking about that and along the lines we should know this budget will never make its way to president trump's death because the end of the day we know it is congress that has the power, rather what the white house is saying today, this is the president's budget and what it is especially in this election year is an outline of his priorities and what he would like to see going forward. the president wants to plus up the defense spending. whe also talks about decreasing mandatory spending by $2 trillion over the next decade. let me give you a few examples, $180 billion and what they are calling as reforms to food stamps, the food stamp program along with $135 billion in drug price savings and $76 billion in disability insurance reform. when you see those numbers, democrats are pouncing. they say shows the president is cutting medicare and medicaid. here was nancy posted, less than a week after promising to protect family healthcare in state of the union address, the president has brazenly inflicted savage multibillion-dollar cuts to medicare and medicaid, she goes on to say americans quality, affordable healthcare will never be saved with president trump. however, the white house and the president are saying medicare and medicaid numbers will be increasing and decreases our reforms or savings as they put it. here's a president earlier today. >> we are not decreasing medicaid but were doing a lot of things that are very great tremendous waste and tremendous fraud. >> also as well, earlier today at the white house, there was a nation's governor, two thirds of them sitting down getting some facetime in one-on-one with the president. we should know there were ten of the 24 democratic governors, democrats from democratic states, we believe that the white house, we did not see a sighting of gavin newsom or andrew cuomo i was told the near governor did at one point confirm his attendance but the governor decided to pull out at the last moment. back to the president's budget, i guess on medicare and medicaid, how do you say, are these reforms on savings or are these cuts? part of the messaging from democrats and republicans. >> i would expect that nancy pelosi would call them dramatic cuts, but with the wall street journal puts out the headline that says steep reductions and social safety net programs and specifically outlined medicare and medicaid, people are going to look at the headline and see that the promise of the president has made during the 2016 campaign might be broken. >> the president in the white house has to put out a budget everything we are. they are saying, these are our priorities, again, none of this will get enacted, congress has it say pre-by headlines like that are part of -- i do want to say danger but how you interpret it and what can be used against prince president because you and i both know in new hampshire today and tomorrow they will hit the headline hard. liz: if anybody is confused, all you have to look at the pharmacy and the big pharma companies, the hospital, stocks are all over the place. makes pictures everywhere. like thank you. cozy on the block with the closing bell ringing and 37 minutes break up 124. the beauty company that scooped up kylie jenner's cosmetics last year, it may have a suitor of its own. there are fresh reports out that kkr reportedly is hiring j.p. morgan bankers to work on a pillion bid that owns rands and other names. the stock is down three quarters in a percent. speaking of makeup, one company is looking to give cosmetics quite a makeover by disrupting the entire industry. beauty counter is behind a clean makeup movement and the founder and ceo joins us next in a fox business exclusive. on a pretty dramatic step she is taking to get attention, "the claman countdown" coming right back. >> since when do makeup companies produce documentaries. since makeup industry disruptor ute counter entered the picture. the claim beauty startup dropped a stunning documentary called transparency, the truth about micah. micah is a mineral used in the cosmetics to create the shimmering glow in the highlighter. but much of it is mind by the hands of children forced to toil under dangerous working conditions. here is a business success part of the story. the number of beauty counters is growing by the minute as its founder uses her company to shine a light on the very ugly underbelly of the cosmetic industry. we welcome the founder and ceo of beauty counter gregg renfrew. is it a stunning and upsetting thing in the documentary. but why are you the ceo and founder of this cosmetic company spending the time and money to produce a documentary that i'm guessing was costly and not easy to watch. >> thank you for asking the question. i think since day one beauty counter has pioneered and led the claim beauty movem

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