Transcripts For FBC The Claman Countdown 20240711 : vimarsan

Transcripts For FBC The Claman Countdown 20240711

On a covered relief package, is congress truly ready to drop the politics and throw the financial lifeline to millions of americans, Peter Navarro is about to join me live from the white house the president s top trade advisor helplessly demanding more from billions and coronavirus aid to form what he calls a physical bridge between the terrifying covid spike were seen today and widespread vaccine distribution, why hes breaking with cop senators who are resisting the relief package. How do salesforce is 28 billion acquisition of work from home darling slack really go down, slack cofounder and ceo Stuart Butterfield who grew up in a cabin with no Running Water in canada. What a story, he will take us inside the room to tell us how he got a price for his work from anywhere in prior that has some on wall street raising eyebrows but not salesforce. We begin with the fox business alert, could we be days away from a covid relief bill, House Speaker nancy pelosi holding a News Conference a couple of hours ago to say there is momentum on capitol hill to pass one which both democrats and republicans might be able to live with. We feel excited about the prospect that there is a bipartisan, i told members im not bringing any more bills that are not bipartisan, its not everything that we want, dont get me wrong, i dont want the republicans to think that this is a dream come true, it is not, it is a path forward though. Liz the big myths and the jobs report underscores the urgency of such a package as a labor picture is darkening again for american workers, georgia 65000 jobs added in november, that is badly with the 469,000 estimate. Peter navarro is President Trumps top trade and manufacturing advisor, he is joining life from the white house lawn, the new oped in the wall street journal urgently makes the case for fact passage of the generous package targeted to Small Business and the most vulnerable americans, Peter Navarro stressed the u. S. Faces significant headwinds from the pandemic which is restructured transportation, entertainment, hotels, restaurants and commercial real estate adding to the structural lows is the prospect of renewed lockdowns across the 50 states. Welcome, is the 908 billiondollar pipe artisan stimulus bill circulated right now on the hills, Strong Enough to provide the lifeline you envision . Heres what im concerned about, were about two months late and a trillion dollar short to help millions of americans avoid the painandsuffering they are feeling now and unfortunately the relief bill got caught up in politics, i think it was pretty clear the democrats did not want anything to help President Trump but now were facing as what i see a chasm, i did not love that report today on unemployment, we clearly see what i refer to as a Second Derivative problem, we had the trends going up in terms of being positive for the employment rate and things like that but clearly at a decreasing rate that is a Second Derivative and what were gonna see fairly quickly right now is the flip over where Unemployment Rate is going to stop and start going back up and if you combine, this is important if you combine the number of people who dropped out of the labor force with those in the count for the 6 number we actually saw a slight uptick in the Unemployment Rate. My message to capitol hill, get your act together, get it done and get it done quickly, the three components are pretty clear, we need a reboot on the ppp program for the Small Businesses, that was extremely effective as a document in the oped, i think we need another stimulus check and also we need a reboot of our unemployment compensation, we cant go back to that 600 all onesizefitsall state but we need to calibrate in a way which would provide relief, we need to move. Liz you just had a trillion dollars short, ive got to ask you, you are going against what some gop senator said back in october, they suddenly decided they did not have an appetite for a big package im talking about mike lee of utah, Marsha Blackburn and johnson and Lamar Alexander speaking out against this, you are basically pushing back from gop senators and breaking with them and saying we actually do need this money. Im just a macro guy looking at the chessboard and when i say a trillion short i mean an additional trillion, there was a debate between the republicans they were ready to go for a 1 trilliondollar package, they had that on the table and pelosi wanted 3 trillion, what im saying at a minimum we need those three parts of the puzzle and that probably gets us to the 900 sextillion that is on the table, the point is, we need the physical bridge, we have the vaccines coming thank you to Donald J Trump coming in the spring in full force but now, it is likely got understand theres only Service Sector refugees, this economy is structurally changed, the old days of restaurant, entertainment, major metropolitan areas that is not coming back for a while. Liz i picked apart the unemployment and the jobs numb number, retail lost 35000 jobs because of less seasonal hiring, i know restaurants as we know in california that theyre banning in some cities that outdoor restaurants, the eating opportunities, im very worried as you are, my question is if you have Mitch Mcconnells ear and quite frankly dont denigrate yourself, the picture is extraordinarily important, what would you say to him. Its not about mitch or nancy its about capitol hill, those folks need to look at the chessboard, read the oped in journal that tyler bixby and i wrote yesterday, and lays the problem out in the solution out and all im saying, we should have done this months ago and the longer that we wait we run a really strong risk of having this economy not in a place where we want to be, the market is doing great but lets think about, were in a bullish uptrend, bad news comes out on the appointment numbers, a lot of the guys youre thinking, that means a profitability, the stimulus goes up so the market goes up, this is the difference between wall street and main street, im telling you the people on main street, there is a lot of painandsuffering and President Trump noses very well and what we need to d do well aa country is to move to phase four and take care of the American People right now and be cognizant of the chessboard where were seen the structural adjustments and they could be persistent and they could be permanent. Liz you said on this network that you were operating on the premise that there would be a second term for President Trump as all of these challenges to the election outcome that had joe biden winning, your operating on the fact that will have a second term with President Trump, since then close to 50 different lawsuits have been filed on either the Trump Campaign or allies to President Trump and many of them have been outright rejected and in some cases like judges who President Trump had actually appointed these are federalist, republicans, conservative et cetera, does anything change three weeks later, have you spoken with the Transition Team as you and the white house behind you are in a way ready to move on . I have nothing to do with the transition and ive not been asked on that, what i think is important over the next 7 14 days is to let the Legal Process play out, everything that i am seen tells me that this election was stolen, everything im seen across six states. Liz why does just does not see that, more than 24 judges do not see that. Lets take the wisconsin case for example, the only thing that happened in wisconsin was back to a district court, it will come back to them and they will decide, what i would tell you looking across this electoral issue, your strong issues of voter fraud, there are more suitcases down where they were counting ballots than the atlanta airport, you saw the video, that video in itself should just blow out in the idea that Georgia Election was fair. Your fraud issues, you have valid process issues where an adequate voter id checks, yup all manner of process files going on in places like wisconsin where they change the mailing ballot. Liz we cant litigated here but i wanted to clarify you dont have the boxes ready this is the immaculate deception on the American People, its been called the finesse but i think what is important, lets let the process play out, everybody in America Needs to be comfortable with the idea that this election was fair and right now we dont have that Comfort Level based on what the evidence is, let it play out the problem is we didnt have the news from the new york times, the Washington Post or shading the truth of whats actually going on. Liz fox news has given some news that isnt exactly friendly to what President Trump has happen but we want to make sur sure i agree that were letting the process go through, we will have you back, thank you so much everybody should check out peter in the wall street journal saying stimulus now, fox business alert have to show you game stocks shares, this was a 2 stoc 2 back in april, game ss moving higher after they doubled the price target on the videogame retailer to 16, is already above that now, 16. 75, its a sweet spot from upgrades from microsoft and some pushing this company higher. Warner bros. Smashing theatrical windows, the at t own studio had already announced a wonder woman 1984 would release on hbo max as well as in theaters Christmas Day but now in a historic move for the Entertainment Industry warner says there will be no theatrical window at all for the entire 2021 slate of 17 films including matrix for in the suicide squad, they will all be simultaneously released on hbo max and in theaters. Movie theater stocks plummeting on the news yesterday and today we have a mixed picture, cinemark up 7 , imax better by 4 and amc down 4 . Investors ready to sign on the dotted line with docusign shares after the esignature company beat quarterly numbers on both the top and bottom line, docusign jumping at third and rbc Capital Raising the price target to 325, doc you at 243. 48 is up stupendous 230 year to date. Talk about a pot stock, stock shares nearly doubling in 2020 but how did ceo Stewart Butterfield get Software Giant salesforce to throw down a more than 50 premium on the messaging platform just a week and half ago, hes going to tell us in just a few minutes right here on the claman countdown. Forget the painful nasal swabs as were about to show you the new device that could make testing for coping as easy as breathing, the closing bell ringing and 37 minutes, up 178, the claman countdown is coming right back. A must in your medicine cabinet less sick days cold coming on . ZicamĀ® is clinically proven to shorten colds highly recommend it zifans love zicams unique zinc formula. It shortens colds zicam zinc that cold i do motivational speakingld. In addition to the substitute teaching. I honestly feel that thats my calling to give back to younger people. 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Move your Xfinity Services without breaking a sweat. Now thats simple, easy, awesome. Xfinity makes moving easy. Go online to transfer your services in about a minute. Get started today. Liz we wanted to get you clarification on the pfizer story that broken this hour yesterday forcing the stock selloff that accelerated in the bottom minutes of trade. The trigger was a wall street journal report that pfizer slashing the rollout target to 15 million due to supply chain obstacles, we were up 222point you can see this is from yesterday, the big board totally selling off and going negative for a few moments, it turns out pfizer had reported the exact number of vaccine doses last month, 50 million this year end up to 1. 3 billion doses in 2021 shares of pfizer right now are flat on the session up slightly from bio and tech up three quarters of percent compared to moderna with a different vaccine is down 3 . As a public weight 213,000 new covid cases were reported across the u. S. Yesterday that is the highest figure for a day yet, as testing lines around the nation, Grady Trimble is live in texas where one company is looking to get a new test approved that eliminates the nasal swab in the saliva test. What is it . If you have not had the naval swab test, you probably know how uncomfortable it is from other people tell you. This could limit that, its a breathalyzer, the me show you how it works, a plastic straw that worked with paper straws, ill take my mask down for this, you blow into it for about five seconds. Now it has a sample of my breath and this is a working prototype so the data is analyzing is in the cloud but the goal is to get it where they can send you an alert directly to your phone and youll know almost instantly whether you have covid or not this is developed from world inc. Out of dallas but within partnership with texas a m and the u. S. Air force. Rob is with texas a m and where you come in your trying to scale up production of this product so we can get this all over the country, what does that entail . Three things, were here at the campus, the texas a m with scaling and bridging with commercial entity and great engineering researcher prototype like you see behind you. The second is to use agile design and manufacturing to reiterate on ultimately getting formed fit and function to turn into a commercial reality and to assess the broader supply chain across the United States to make sure theres no break in productivity. If you can get this to mass production, where can we see this device . We want to see them in schools, hospitals, churches, hospitals, we want to make sure we can get people back with interacting with one another. This would not require long wait times when shed taken a test with results provided almost instantly you can get them right away and it doesnt take long to do, you could put it in front of a concert venue and have everybody do it as they go when, so far the results that have common still as i mentioned a prototype but it seems to be pretty accurate comparable to the pcr test and the Company World inc. Is working with the fda to try to get emergency use authorization to get this rolled out all across the country and i know a lot of people have had the nasal swab would be very glad about that. Liz just dont roll it up in front of a grateful dead concert they may be blowing Something Else in there. [laughter] i would say its very welcome news and thanks to texas a m, good for the universities with coming up with the new ideas just when we need them the most. 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Liz breaking news, president elect joe biden is speaking right now not only about the november jobs report which he called grim but in wilmington, delaware he is making news by saying he is very much encouraged by what we talked about with Peter Navarro, the bipartisan discussion around the 908 billion stimulus plan, he did say hes been speaking with average americans and everyone from School Crossing guards and he quoted his father by saying after losing his job i dont expect government to solve my problems but i do expect government to understand my problems, he did say americans are not asking for a handout but they do desperately need help so hes calling on the federal government to step up and pass the stimulus bill. The streets youngest ever billionaire Austin Russell joined us here yesterday he celebrated his companys market debut by slam ducking the nasdaq opening bell in the party is not over y

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