Transcripts For FBC After The Bell 20240712 : vimarsana.com

FBC After The Bell July 12, 2024

The red. For the fifth trading day in a row. That is the longest losing streak for the nasdaq in more than a year. The president is holding his first arizona rally of the day. First of two. Mr. Trump heads to the tucson area after he wraps up in prescott. Im speaking to voters on the ground in Maricopa County, talking to them about issues that matter to them. A lot of coming up in arizona. First with fox Business Team coverage. Jackie deangelis with news in new york. Beginning with blake burman in the the white house. Blake. Reporter father one of those phone calls with nancy pelosi speaker of the house and treasury secretary Steve Mnuchin was supposed to begin an hour or so ago. Theyre not trying to hash out the top dollar figure but all the language underneath it. For example over the weekend of the speaker of the house wrote to her democratic colleagues the language white house changed or white house negotiating team changed related to testing simply didnt cut it. This is what she wrote, instead of recognizing a need for a Strategic Plan they changed words including shall to may, requirement to recommendation and Strategic Plan to strategy. Now moments ago as the president was landing in arizona he cost doubt over the possibility that potentially, just maybe, there might be a deal before the election. Watch. President trump nancy pelosi at this moment does not want to do anything that is going to affect the election and i think it will affect the election negatively for her. Well see what happens but there are talks going on as we speak. Reporter before the president left he held a phone call today with his Campaign Staff to go over the last 15 days or so of the race. Connell, what you are about to listen to is audio from that phone call. The president to his staff in which he absolutely trashes dr. Anthony fauci. At one point calling fauci a disaster and much more. President trump people are tired of hearing fauci and all these idiots, these people, these people, that have gotten it wrong. Fauci is a nice guy. He has been here for 500 years. He called everyone of them wrong. Reporter going to be a big week, connell. Debate coming up in a few days. That sound bite could be something features prominently down the homestretch. The president is with you right now. Arizona a couple different stops there today. Connell. Connell trying to keep that state red. Blake, thank you. Dan henninger with us, wall street journal. Fox news contributor. Dan, lets hit stimulus. Maybe well get into that phone call blake mentionedo the president and his staff. What is going on with the back and forth. President said go big, i will go bigger with the democrats. You heard a short time ago, no, pelosi is not willing to get this done. What is happening, do you think . Well i think what is about actually relates to the phone call and the remarks about anthony fauci, it is about coronavirus. Joe biden is running against trump on two things. One trumps personality. Two, his handling of the coronavirus virus. And so i think the president and his numbers arent good on handling the coronavirus probably would like to see this stimulus bill passed so he would say he committed upwards of two trillion dollars on coronavirusrelated spending. Up fortunately it doesnt look like nancy pelosi is particularly interested in coronavirus per se. She has a lot of other cats and dogs she wants to get into the bill, made pretty clear by blake burmans reporting just there. She is down to objecting over may and shall. So i think nancy pelosi is probably saying to herself, she is in a good position. She has got the president , treasury secretary begging her for a deal. If she get as deal for two trillion dollars it will divide senate republicans. I think it is probably looking pretty good from where she is standing right now. Connell that is interesting. Obviously that is the case. She knows that and knows the hand she is playing. Youre right about the president and the virus being potentially achilles heel for him. Weve been seeing all the states we travel around to, where if someone brings up the economy, you know, most of the time they are a trump supporter, found out here in arizona. It is republican leaning. A lot of people like the precovid economy, if you know that and the president wouldnt you double down on the economy and maybe stay away from comments like tony fauci is a disaster those type of things if you know the coronavirus is your weak link . What do you think of that . Yeah. I would definitely not even in the shower say i think tony fauci is a disaster if i were donald trump. I mean you know Something Like that is going to get out. I think the economy is a very big issue but related to the coronavirus, connell, it is looking more and more what is top most in peoples minds is their concerned about their own futures and that certainly is related to the coronavirus. There have been layoffs. There have been furloughs. People are worried about where theyre going to stand economically next year but on that point, yes, the president has a very strong argument to make based on the economy that his policies produced running up till the coronavirus hit us in march. And the biden argument that donald trump is somehow wholly responsible for all the events since the coronavirus hit including all of the deaths, including the downturned economy i suspect is something most americans dont completely credit. That is joe bidens argument and the president in that debate is going to have to come up with a counterargument. Yes, the economy should be at the top of the list of arguments. Connell what i found was the most interesting comments by the president in listening to the entire call with the staff earlier today, well see if he turns out right about this, if he is right about it, talking about his positioning now in the race. He said something to the effect, listen if you asked me a couple weeks ago, i wouldnt have told you this. I may have been losing then but im winning now. He is trying to build up the idea that he has momentum, that he can keep the red states like arizona and florida red. It is still a very difficult path to 270. To me, from listening to him, sounds like even the president knows pennsylvania is the one he needs, 20 electoral votes, that will be very interesting. What do you think . Yeah i think thats right. But i think the president has a basis for believing that he has got a shot at states like pennsylvania and north carolina. What is becoming clear as people focus and they always do, towards the end of these big president ial elections is that joe biden is essentially asking the American People to vote for him wholly because he is not donald trump. I watched his town hall the other nights and when he is asked direct questions about his policies on taxes or on the climate he never give as direct answer and if the president is able to bring that out in the debate this week, that joe biden just will not level with the American People about what his presidency is going to consist of, i think it can create enough doubt in the minds of voters in those swing states about whether or not they want to really take that leap of faith with joe biden or stick with the president they know for better or worse. Connell might want to bring up that wall street journal piece you guys put out just yesterday on bidennomics as well. Well watch the debate thursday night, dan, always great to see you. Dan henninger leading us of. The president still speaking in prescott, arizona. A race for a cure. 2states seeing a 10 increase in new covid19 cases. The latest on the virus from a number of different angles is coming up around the hour. A real pioneer on Remote Learning. Well talk to the president of the university of phoenix about that schools safe path forward. Maybe what they can teach traditional colleges. More here on the arizona. The impact on the ground. What suburban voters are saying is impacting their vote. Stick around. I think there are both pros and cons. Trump, economy more for him as holistic goal from. From a social standpoint i like of bidens views. Im really conflicted in that area. When i was in high school, this was the theater i came to quite often. The support weve had over the last few months has been amazing. Its not just a work environment. Everyone here is family. If you are ready to open your heart and your home, check us out. We thought for sure that we were done. And this town said not today. Lets be honest. Quitting smoking is hard. Like, quitting every monday hard. Quitting feels so big. So try making it smaller, and youll be surprised at how easily starting small can lead to something big. Start stopping with nicorette. Connell we talked about President Trump being here in the state of arizona. What he seems to be doing trying to make sure the rural voters who are see being key to him winning the state again. He skipped the phoenix metro area. We took time to speak to suburban voters in gilbert, near Maricopa County. We talked about the president s problem in the suburbs. We found out he has plenty of support in the republican leaning state if the focus remains on the economy. I like his platform. I still with donald trump he will help us, just bring back our economy, keep our freedoms. I feel like he is an honest guy. Voting for trump. Connell voting for trump. Tell me why. I would have to say, i actually was a liberal. Im from illinois. After ive seen the way that democrats have run their states into the ground, im just not happy with what they have done. I feel that he is does what he says he is going to do. He has accomplished a lot in the time that he has been president. I feel like he is going to continue to make this country a great place. The reason said i will probably vote for trump is because as a person i dont necessarily like his personality and, but like i said i dont feel like he has done a bad job but i just, i dont like the person but i respect what he has done as the commanderinchief. Connell youre going to stick to issues, policies . Yes. I think that is how voting should be. Connell know the polls show arizona is very close this year. As a matter of fact, joe biden still has a slight lead in the average of the polls. If you look at history, Dwight Eisenhower won arizona in 1952. Since then the republican candidates won every single president ial election here with the exception of 1996 when bill clinton won over bob dole. Jan brewer knows a thing or two about winning elections in the state. The former governor of arizona. Thanks for coming on. For years as you know democrats have said well flip arizona, well flip arizona. Well turn it blue. In president ial politics it hardly ever happens. What is your level of concern that in a changing state, in the middle of a Global Pandemic this might be finally the year . Well, were always concerned with the growth that the state has taken on so many peopling outofstate into arizona, that the demographics somewhat changed. Ed good thing that people do understand and respect what President Trump has been able to do. He made a lot of promises when he was on the campaign trail and he has delivered. When they look to decide in the end who they will vote for, are they going to vote for the economy, reduction in taxes . Are they going to vote for the future of their kids and their grandkids . Are they going to vote to protect the first and Second Amendment . Are they going to vote for protect the unborn . If they do, they will vote for those kinds of things, that vote goes to trump. I dont know what the people are voting for if they vote for biden. Connell well, most of them that we spoke to at least if they were voting for biden would probably bring up the president and his response to coronavirus whereas the Trump Supporters to your point did talk about the economy and i think it is why you could make the argument wouldnt be a swing state if it wasnt for the virus but what about that is maybe hurting the president here, for example in Maricopa County . Well i think the majority of people understand just how serious the covid19 virus is. We all take it seriously. I think that he has implied and and has spoken to the people at the rallies wherever he goes, they hand out masks. They give sanitizers. You need to wash your sands and you need to be guarded but we have as americans we have a responsibility to do what we feel is the right thing to do. We dont need government telling us exactly what to do every day, every minute. I take it very seriously and because of my age and because of my health. I do what i think is the right thing. I think most americans would do that. So i think it is kind of a bum rap sometimes, you know, he came down with it, his staff and when they have, meetings they wear masks. They wash their hands. They understand the seriousness of it. Connell tell me how you win the state, governor in 2020. The president out in prescott, arizona. Seems like today his strategy, i got a lot of support in rural areas of the state. I got to make sure the people show up, even some that didnt vote for me last time around. On this trip he is not coming to Maricopa County. You know the state very well. Everybody says the about arizona that is where you need to win, that is where the majority of the votes are. What do you make of the strategy how you win arizona . I think it is real important, this is his fifth trip back here during this cycle. He has really paid a lot of attention and it is grassroots politicking. He is going up, he is in prescott. He is going down to tucson. He is talking to those people straight up about what he is going to do and what he has accomplished. That makes a difference. Bidens you know, where does he see of him . We dont see hide nor hair. Biden is hiding. President trump is out there working it will deliver the vote from arizona. Connell funny, talking about, right, from wilmington, delaware, about biden today in just a moment you bring that up. That report is coming up in a moment. Final question, governor, and we just came from florida. We did a bunch of stories how the president was supposedly losing support there, the polls showed it from senior citizens. One of the things came out from President Trump, his advisors says he is doing better with older voters here in arizona. They have seen a 19 increase in their last poll. That seems like another key to victory. What would you say about the older voters in the state . I think the older voters are overwhelmingly will get out there and vote for trump because they understand what he has been able to accomplish and theyre concerned about their health care. Theyre concerned about medicare. Theyre concerned about their safety. They will do what is right. They will vote on principle and on policy. Theyre not voting for biden because theyre not going to vote for somebody that wants to defund the police, open borders, you know, socialism, it is basically what were up against, is socialism that will not fly with older voters. Connell governor jan brewer. We will have sweet victory. Connell with us today, the president continues in prescott, arizona. Hopes he will have another victory in the state. Thank you. Well economic in on the Biden Campaign. First a fox business alert. Earnings are in. This was the big one after the bell. Ibm Third Quarter results. Jackie deangelis in newsroom with those numbers. What do we see, jackie. Reporter the stock trading lower, connell. Let me give you numbers. 2. 58 per share. Spot on estimates. Revenue came in slightly overestimates. Compare that with last year, ibm definitely struggled a little bit because of the coronavirus. Nothing like weve seen with other industries. Two things i want to point out, Global Tech Services that the is largest segment for the company. 6 1 2 billion dollars. Everyone looks at the cloud numbers. That is where they compete with microsoft and amazon for example. Six billion in cloud revenues. That is up 19 which is pretty stunning. Final point what people will be looking through as they dig through the release and get on the Conference Call, the spinoff of the infrastructure and services business. The company is trying to restructure things to try to be more competitive. Ibm is really one of those companies that reinvented itself, connell. Investors want to see what that will look like. Connell yep. Not much movement. Stock down about a dollar after the bell. Jackie, thank you. Staying put we move to the other side of things with democratic president ial candidate joe biden and mr. Biden is staying in wilmington, delaware today while his running mate, senator Kamala Harris making a pitch to voters in the Battle Ground state of florida. Peter doocy covering the Biden Campaign live from wilmington with the latest hey, peter. Reporter connell, good afternoon, cameras caught a glimpse of joe biden this afternoon while he was heading into a theater in wilmington, he went behind closed doors to tape a a 60 minutes interview that air air on sundays. He has no public devents. He is expected to stay here until thursdays debate in nashville. Kamala harris is returning to the campaign trail after staying low after a few days when a staffer got covid. One in five floridians said they cant pay the rent in november. How we dot here. He did amazing job at the town hall. Did yall watch that . Right . It was a true exercise in contrasts. Reporter over the weekend the Biden Campaign issued statements on his behalf about trumps trip to arizona and trumps trip to michigan and trumps trip to nevada. They still havent released any sort of statement raised by questions raised on files on a laptop reporting belonging to hunter biden. Joe biden was dismissive after the cbs reporter asked joe biden for a response to the. In north carolina, it never came up. The most memorable sound bite was about ice cream. [inaudible]. Got one vanilla, one chocolate. I wanted to get what we called black and white. But weve move, with it. Reporter and President Trump on a Conference Call with reporters said earlier today that he thinks there is a wall street journal report coming out in the next 48, to hours to dam

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