Transcripts For FBC Bulls Bears 20240713 : vimarsana.com

Transcripts For FBC Bulls Bears 20240713

Tie, liz peek. And medicare for all President Trump could not resist, he weighed in. What do you think of the stock market react today, almost a sigh of relief. I said from the beginning, partially this, a big part of this, but also the fact that they didnt like seeing what they dont like joe either. Joe has become, you know a lot of people are with joe, you look at those people they are worse than bernie in terms of being radical left. Liz, are markets reacting to less likelihood of bernie socialist policies coming to fruition . Or do they like trumps odds again joe biden. They are reacting to the berb bernie slide, we know that because the healthcare stocks went crazy today on the upside. The diminished prospect of healthcare for all is good news for those companies, the more you see joe biden, the more i think he is incredibly beatable by donald trump. Markets were pleased either one could happen, other factors weighed in such as more smog in china and worse traffic that was an incredibly important data point, there is a view china is getting back to work. Always a good economy. A vaccine against Bernie Sanders virus, called joe mentum. Oh, boy. I have to write that down. This started a week before iowa caucuses. The names up today, they started to slide back. I think this is a hedge against communism and hardcore socialism coming into the system, everyone will deal with joe later, but the fact this provides a little bit of a hedge is great news for market. Not to be a downer, there is a huge amount in market land that is driven that algorithmically triggered. Overdone in that. There was such a huge selloff last week, a lot of programs and people positions and trades that are happening that no human being. So, there is a little bit of that, combined with the other factors in market land, and dont be surprised if you are in for a period of intense volatile overcoming weeks. Irrespective of fundamental realities. Something triggered it. Yes. Algorithms are colored green, who cares. Right. We know markets dont like uncertainty, we have seen a decline in that. Because huge package with respect to spending government spending, to actually hold back the impact of the coronavirus. We also seem to zachs i cant believe i am going to agree with you, zach. Unprecedented. But you know there are people coming back, it will be volatile over a period of time, it has nothing to do with bidens win. If anyone, if any democrat on that stage would have actually showed strength in terms of going after against Bernie Sanders. We would see the same reaction. The thing is that bloomberg fizzled out, amy and pete, they have bailed out. But the thing is, were left with biden, well see what happens. I think that you say biden did well, he did not do well everyone else got out of the race. This establishes there is a empire in democrat party, they struck back in days. Amazing. In terms of future, quickly, liz, do you think that now people will pay more specific attention as President Trump said to what actually joe biden is . Yes interesting question. Not bernie but not a conservative or a moderate. And his record, we heard a little bit about his record, passing crime bill. Early on. But someone today, i san josing it it is really good joe biden is out there, trump is not going to manage this well, and biden is a good manager, you remember that stimulus program. Shovel ready. That joe bidens management skills, i think well hear more about his record. Zachary, that leads to an interesting question, is joe biden up to beking one on beg oneonone instead of part of a crowd. He is tough and truck you can imagine this being a fisticuff confrontation. Entertaining and full disclosure, zachary tresdreamt of them going at each other fist fight. I did. Someone living through a nightmare today, former new york city mayor bloomberg suspending his campaign today, and endorsing joe biden after pouring hundreds of millions of dollars into his own failed bid. Today, i am clear eyed about our overriding objective, that victory in november. Not victory for me. Or our campaign. But victory for our country. If you remember i entered the race for president to defeat donald trump. And today, i am leaving the race for the same reason. To defeat donald trump because staying in would make it more difficult to achieve that goal. Zachary, green tie is what resembling money . No, seriously, why hasnt Elizabeth Warren dropped out, President Trump said she is just selfish, is he right . Why trump needs to opine about Elizabeth Warren motives is beyond me. He opines on everything. But this in particular. And opining on a president ial race is his prerogative. Has an opinion about third place candidate in a primary. Were hearing. Next day. Massachusetts. To do well in colorado, well in california, she did not, bloomberg did the right thing, i know he will get no dearth of people making fun of 500 million on american samoa. He can buy it with that money. At least it was his own money. What are you talking about. Bloomberg was a winner. He won most expensive participation trophy in history. Right. Look. America samoa does not even vote in the election, they get 6 delegates in primary, and no vote. They have great cookies. In Elizabeth Warren a hands, she cant endorse immediately, but she cant wait too late, she does not want to pick too early, but she wants to add value to the race. The longer she stays in the more she hurts Bernie Sanders. She has a lot of leverage here. She has the opportunity to survey the field and try to cut a deal with either Bernie Sanders or joe biden. Those deals are were worth even less than confederate money in terms of promises, they all hint, you would make a great vpor secretary of state it finds nothing. I do think she has leverage. What what could she leave for. The vp slot. She has opportunity to talk to bernie and joe. This is worse than casanova saying i love you in the morning. But in terms of those promises. They probably told mayor pete and senator klobuchar the same thing. You would make a perfect vp. I cant imagine, i cant imagine why she is staying in. I can note. Can i cannot, she is going to irritate both sides, and i dont think she has about leverage. Bernie sanders if he wins. He will not if you add her totals with Bernie Sanders totals, he would have done much better last night. No question. Those two had not dropped out. Mayor pete and senator, biden would not have done as well. I think trump hit it on the head. A progressive sidekick, if not were will see Democratic Party have huge turmoil at their convention. That is going to be interesting, im old enough to remember chicago in 1968. Dont want to relive that one. President trump and Vice President pence, met with airline ceos to discuss combating the spread of the coronavirus. Congress approves a multibillion dollar budget, we get a live update from white house. And well speak with congressman, dr. Larry. Well bring full resources of federal government and well enlist full resources of america industry to keep the American People safe. Our airlines have been exceptional partners with us. howling wind howling wind we were paying an arm and a leg for postage. I remember setting up shipstation. One or two clicks and everything was up and running. I was printing out labels and saving money. Shipstation saves us so much time. It makes it really easy and seamless. 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Quite a few, one is fact that plumPresident Trump and membersf Coronavirus Task force, and ceo of airlines sat down, and went through the ways that steps that airlines are taking to try to combat the spread the coronavirus. Then, other thing that was discussed is tremendous impact that this global outbreak is having to the airline industry. You dig into data, it is pretty staggering, Airline Stocks plunged 27 over last 3 weeks, it really getting worse. International air transport association said that industry is experiencing slowest traffic growth in a decade, this afternoon, United Airline announced it will reduce domestic flight schedules by 10 and international 20 in april, due to the decline in demand. Do not expect President Trump to give airlines a bailout, he was asked about that during the meeting, he said we have not discussed it and he joked with the reporter saying, dont give them the airline ceos any ideas, then president was also asked if he thought it was still safe for americans to be flying. I think where these people are flying it safe to fly, large morguportions of world are safeo fly. We dont want to say anything other than that. We have closed down certain sections of the world, and they have automatically close them also. They understand that, they understand it better perhaps than anyone. Yes, it is safe. Reporter Vice President pence is going to be putting that to the test tomorrow, he is scheduled to be flying to washington state, to check in on everything there, that is where at least 9 of 11 coronavirus related deaths here in United States have occurred. Steve airlines are not only ones taking action against the coronavirus, house passed a deal 8 billion in emergency funding receiving huge bipartisan support with vote of 4152. Bill will be making its way to senate. Dr. Larry buschon is a member of health subcommittee, what is in the deal, how will it help, what are the specifics . First, steve, i want to make it clear agencies are fully funded through end of fiscal year already. And they have been plus step under last 5 years, but this bill provides 4 billion more to make sure we have diagnostic tests avail coul available and y develop vaccines for coronavirus, and and also 20 million in there to administer disaster loan funds for small businesses, as well as state department, and others to respond overseas including repatrioting american citizens this is additional money needed, i was glad to see the vote as strong as it was in house. Steve do you feel we were slow in getting off the ground, and administering these tests. What was the delay . First, you have to realize, to get the test done, we had to be have access in china to get the sequence of the virus itself. That was delayed, they didnt let us into this china so we could identify the virus, that was a delay, then there were issues that at ctc with a agent, virus asay to determine if people are positive or negative, i think they had that fixed, new getting out these tests, to laboratories and big cities but down to your family physician, everyone will be able to tested, i think that response is slow initially because honestly the chinese did not let us in, then a little bit of issue with the cdc, mostly resolved now. This is carl roth caroll roth, how is in. Coulinformation glow flow worki. I think that information flow is very good, Vice President now in charge of the team, he has professionals from all agencies he is taking advice from and coordinating that. A congres congressional stan, i think that administration has done a great job of briefing us, i just came from a briefing before the vote. With Vice President and dr. Fauci. I want to comment on media response, and with some misinformation. You know we had not funded the cdc and nih and president cut their budgets a critical time that is false, i am hopeful that National News media across every channel, will actually get the facts out like were getting briefed in congress, i think that American People will be comfortable with that, and were having a robust response from both the administration and congress. Congressman, just as a point of clarification, korean and japanese, and italians and french, and germans, they did more aggressive rapid testing, blaming chinese for, that i know it scores littl political points not scare with experience of other country, secondly, in your oversight function, one thing this federal government can do is provide better in, that is state and local response not federal. There have been critiques from state and local party there is no good coordination from executive branch, are you going to make sure that pipeline of information is robust . First, i dis agree that china did not delay the testing, and the ability to delve vac reasons, other country have their own process, we have ours, i did say there was a delay the cdc. But i do think that congress will have oversight on this one thing that i have think is important when you provide extra money like that, this followup, i do think that congress will followup on this, and see where the money went, and what response was. And you know in a situation like this, a novel virus. I do think we were prepared, but it such a daunting task to get everyone informed quickly. If anyone at state or local level needs more information the cdc has been providing, that were doing a good job of that. Could it be better . Absolutely. Things could always be better and well learn something from this experience. Congressman, thank you for joining us. Do you think that Going Forward that we have enough medications for people . There has been a lot of talk that we depend too much on china and india for medicines, what is your view in. In . We have a supply chain issue. But more broadly with medicines, active components being produced in china, a lots of those, we hearings on that, were trying to correct, that but i dont think it will have a substantial impact on coronavirus and the treatment for the coronavirus. Right now we dont know necessarily if the ain antivirals we have are efisk effective anyway, i dont think overall it the have an impact of treatment of coronavirus. But, there is a supply chain issue with active components of critical medicines out of china, that is why the administration is trying to adjust address our defense on china in a lot of areas in our economy, medicine is one. Yeah. Thank you. Thank you very much. Steve and continues good work. Youre welcome. Steve border wall battle is far from over, 19 states suing president and his administration, arizona congressman and member of boardr security caucus andy briggs joining us next. Liberty mutual customizes your Car Insurance so you only pay for what you need. 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Steve california and 18 other States Suing Trump Administration overallcasion of military funding to build the border wall. In response to white house diversion from pentagon to border, states argue that violates Congress Appropriation powers, joining us now, arizona congressman, andy big andy bigs. Where did you stan on this. I think that they are in error. I would say that states dont have standing to raise that issue, but leave that aside, move to the real issue. They dont want to fund the border wall, the president found a way to fund it, i think they are in error on this. Steve they call for emergency power. I think look, you talk even now, 30 thousand apprehensions last month that is a crisis situation that is 3 1 2 times to what we normally expect to get. That is just way too e many peoe that is who we catch. Congressman, i thought scotus settled this with respect to president ial powers regarding money that allocated to military. You know, if presidencies just cause to make sure we build

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