Transcripts For FBC After The Bell 20160505 : vimarsana.com

FBC After The Bell May 5, 2016

David fasten your seat belts. Stocks turning positive after the close. Lori rothman is at the New York Stock Exchange and trader Scott Shellady at cme. Lori, start with you. Reporter big, round of applause from the dow, closed in positive territory. Sorry to say not a lot of Movement Ahead of tomorrows allimportant jobs report. The traders here tell me listen for the prior month in vision, that will be the market moving data point. Dow slightly higher, little changed across the board. We saw stocks and oil move once again closely in tandem. You had big movers despite little moves. Fitbit, stock hit 10,000 steps backward. The wearable fitness device, shares down almost 19 in the session. Earnings came out yesterday, not terrible. The guidance was the problem, and increasing concerns about Competitive Landscape between apple and also garmin for fitbit. Alibaba, better than expected, 39 rise in Fourth Quarter revenue, helped out in growth and merchandise volume. People are buying stuff off of alibaba. A nice pop for the stock. Up 4 . Mcdonalds, it was so close, not get a second consecutive day for a lifetime high for mcdonalds. 12 record close for the Fast Food Company this year. Mcdonalds will end up 5 cents, price little changed on that. And theres a look at mcdonalds. Lot of earnings after the bell. Standing by for those for you guys. Liz im going to get garlic fries to celebrate. Melissa . Melissa oil touching back as wildfires in canada threaten supply. Lets go to trader Scott Shellady for more. Talk to me about todays trade. Whoshlgs we came in this morning, we saw the pop from the wildfires and libya and unrest. Not about where oil goes up or down, its going to go longer. Weve got a supply issue not going away and getting bigger, and depending how the jobs numbers go tomorrow, if it follows gdp or adp were not going to see demands. Getting towards the upper end of oil and the supply issue is going to hang overhead all summer long. Melissa really . You think the jobs number will have an impact where oil trades . Talk to me about that. Its a gauge of the economy. Becoming less and less. The last quarter of last year, japan posted a 20year low in Unemployment Rate and had a recessionary quarter that quarter. So we cant look at the jobs number altogether. We need to see demand picking up. Not picking up with retail sales or gdp, its going to be a rip your face off number or cold oatmeal. Melissa rip your face off or cold oatmeal . You sell it. Thanks, scott. Liz david donald trump is shifting focus to democratic rival Hillary Clinton, a luxury she doesnt have with bernie still around. Blake burman has the latest. Reporter donald trump will now play the money game. The Trump Campaign announcing a National Finance chairman as they head into the general election. Hes a form Goldman Sachs partner who is the ceo of dune capital management. This is a bit of a reversal where trump has consistently touted selffunding his campaign. The billionaire businessman will put up substantial money toward the general election, however, it will likely be a fraction of whats needed. Its believed trump and the republicans have to raise at least a billion dollars in total to compete against the democrats and their nominee. The next major decision for trump centers around his running mate. Trump said earlier this morning theres a 40 chance he chooses one of his former rivals. The Presumptive Republican nominee is keeping his eyes on the primary. Trump will campaign a few hours from now in West Virginia. Tomorrow he heads to nebraska and oregon. All three states hold elections in the coming weeks, back to you. David blake burman, thank you, melissa . Melissa donald trump confirming to the wall street journal he wont be path to the billiondollar bill to finance a general Election Campaign saying joining me now, michael goodwin, New York Post columnist and fox news contributor. I cant believe he would put up his own money, hes too smart for that. Do you think hell have any challenge raising a billion dollars given that hes starting now . Part of that will come through a super pac. Thats an important part. I was looking at the numbers from 2012, president obama and mitt romney spent about 1. 2, 1. 3 billion in that race. So trump, its reasonable to assume hes going to need a billion of all sources combined, meaning himself, contributors to his campaign and super pac. Melissa hes trash talked super pacs in the beginning and saying anybody who used them is a puppet of the super pac. Is he going to have trouble getting that money . I dont think so. There are enough people out there. This is not about donald trump versus Hillary Clinton, not about donald trump versus Donald Trumps past comments. The pivot is a remarkable one because he anticipated, as said he he anticipated that the primary season would go on at least through the end of the california primary in june. This is a sudden change for him to begin to face a general election right away, youre seeing a flurry of changes that would happen gradually are happening all at once. Melissa im glad you mentioned Hillary Clinton, i want to show you the ad she launched against donald trump and get your reaction. See you on the other side. I am a unifier. The unifier party. Donald trump is the know thing candidate. Donald is a bully. Hes a racebaiting, xenophobic, religious bigot. A narcissist to the level we have never seen. He would not be the commander in chief we need to keep our country safe. Melissa what do you think . Clever to use republican words against the republican nominee, but i dont think any of that is going to work. The Republican Voters voted for donald trump knowing all of those things, they rejected all of those people. So i respect Lindsey Graham and jeb bush and all the others but i dont think the voters donald trump is aiming for are going to take the word of Lindsey Graham or jeb bush. I think those people have been discredited by those voters. I dont think this works. Certainly doesnt work with democrats who consider voting for trump. Melissa its entertaining. Hillary clinton raised 213 million for her campaign through the end of april. If theres something the clintons havent had a problem with, its hustling dollars, will she be able to raise as much or more than donald trump . I dont think money is going to be a problem for her. Shes basic he had a head start, shes assumed this from the beginning. She has a pot of money, the dnc has raised for her, the rnc has raised for trump. Shes well ahead of the money. Money isnt everything. Melissa jeb bush taught us that. We have earnings out. Herbalife out with First Quarter results to. Ashley webster. Reporter moving higher in afterhours trading, up about 4 . On earnings coming in on adjusted 1. 36 per share, well ahead of 1. 09 of the estimate. Revenue at 1. 1 billion, 1 increase yearoveryear. The estimate was for 1. 07 billion. So also raising fouryear guidance. Herbalife has been up 8 year to date. Up 24 in the last 52 weeks, bill ackman has a huge short position against herbalife, pushing the stock price higher after hours. Melissa thats got to hurt. Ashley webster, thanks for that. David earnings for news corp. , the wall street journal and New York Post due out any moment from now. As soon as that happens, were going to go there directly. Melissa . Melissa Hillary Clinton might have to testify on the emails. The federal judge saying the former secretary of state may be deposed in a lawsuit related to private email use. The judge granted a request for seven of clintons aides and staffers to be questioned over the next eight weeks, david . David more bad news for Hillary Clinton, the hacker known as guccifer who claims he hacked into her private server is speaking just days after the former secretary of state said there was no indication a security breach. Listen. Any indication that your private server was hacked by foreign hackers . Not at all. You accessed a lot of accounts, marcel. Is the clinton server easy or hard . For me, was easy. For me. For everybody. David everybody. Here now bill gavin former fbi assistant director. We cant verify guccifers claims, for her to say its absolutely impossible her server was hacked is incorrect, right . Absolutely incorrect, david. She doesnt know because there is no legitimate proof at this particular point in time. Have you some cyberexperts who are saying absolutely what hes saying could be true, we have one individual acting alone with technical ability, and i would have to see what the technical ability really is, but just picture a military complex from the chinese to the russians with numerous, unlimited number of individuals trying to hakt same server. Dont think it hasnt happened, i believe that it has. David forgive me for interrupting, the fbi has her server and going through it with everything they have. And now from guccifer, they have a road map of where to look . Absolutely. He when he went into the server, he probably left footprints, fingerprints in the server that they can recover through his archives. Bottom line is he got in there by going in through Sidney Blumenthals email address going back into the server going through the ip address through sidney blumenthal. Seems like a clever guy. David he also claims that he could see who else was hacking in. He couldnt say exactly who it was but could tell by codes which country it was. Hell know if they were chinese or russians or iranians looking at her emails. Absolutely true, and thats a very difficult set of circumstances for the government to unravel, because in these situations some of what he said could be true, some could be a little embellishment as these guys all do. But the bottom line is he has asked for consideration on sentencing, and the naysayers say he hasnt done it because he hasnt produced evidence. He hasnt produced evidence that we all know about yet. David hes certainly going to be help to the fbi because they brought him here from romania to get his help. Final question, bill, if in fact Hillary Clinton allowed top secret material to be viewed by hackers, not only guccifer but others he saw in there, should she be indicted . Absolutely, beyond the shadow of a doubt, prima facie should be indicted. David wow, do you think if she does receive from the fbi a notice that there should be an indictment and the Justice Department does not indict well find out about it . Maybe the head of the fbi will resign. No, i dont think director comey will resign for this. Hes got a 10year appointment, they can remove him for cause, there is no cause in this one. I believe when this all comes to light, if, in fact, the white house does something to nega an dictnt, ere wi be kerffle,he les weaven seein aong me. David the fbi says we have all the evidence, proof because of the server there was top secret material open to indictment and the Justice Department says no, there is going to be hell to pay at fbi, is there not . A lot of people that are upset. I think we have to understand that the fbi just investigates. The department has the grand jury and does that legal side s things. Tcand r n thing could be catastrophic for this campaign. David going to be extraordinary to find out what guccifer tells the fbi. Bill gavin, wonderful to have you here, appreciate it. Thanks, david. My pleasure. Melissa awaiting earnings from news corp. Due out any minute now. Estimates earnings per share of three cents on revenue of 1. 93 billion is the estimate. The total revenue in december fell by 4 yearoveryear. A lot of the weight coming from the print business. Theyre looking for good signs coming out of Digital Advertising and digital real estate. David they used to be the Parent Company of fox business. That Company Split about 3 1 2 years ago, and now represent primarily the print editions, though they have Television Properties overseas as well. Well be watching very closely. As soon as those earnings come out, well bring them to you and analysis in just a minute. Melissa the print names including New York Post, new america marketing, story full move some of the brand names see under the title and twentyfirst century fox earnings out yesterday, the Parent Company of the digital and Television Properties and cable property. David competitor to the wall street journal is the new york times, figures came out and they were not as bad. They were expect a big drop in ad revenues, the market was pleased by that. We can only assume that during the difficult times when companies are hunkering down, some going back to traditional clients and that would be in this case, folks in the print media. Melissa Small Business account for half of the private sector employment, but as more states hike minimum wages, Small Business owners are forced to fireworkers to cope with rising costs. Donald trump is changing his tune on the issue saying he would be open to hiking wages. Here to weigh in on what Small Business wants, from the next president is aziz hashim, change the International Franchise association, also a franchise owner. The franchises you own are p popeyes, dominos. As you know, business does well when we have certainty, and we feel as if there are a number of attacks on Small Business. Melissa like what . Give me specifics. A move to employ a joint employer standard which makes locally owned franchise businesses equivalent to giant conglomerates which is just not the case. These things hurt opportunities for people to start Small Businesses and employ people. We have all of the regulations which really are not solving any problems but creating more burdens, and theyre hurting the ladder of opportunity for millions of americans. Melissa who do you think would help you of all the candidates out there right now . I dont think its a matter of which candidate. All the candidates have to focus on the same issue which all business which is the engine of our economy to create jobs . And how do we help businesses instill this ladder of opportunity. People say the issue in america is income inequality. I disagree with that. The issue is not income inequality. Essentially income inequality is a symptom. The issue is opportunity inequality. Were in a service industry, a Service Economy and franchising is well positioned to help millions of people achieve their financial goals. I find it interesting that in the last few weeks both president obama and speaker of the house paul ryan have spoken fondly of their first jobs in fast food, so this is a red herring on the minimum wage and other issues. The problem is how do we help create opportunities for americans, and thats primarily done by supporting franchises and helping us grow. Melissa absolutely. From the first job in the industry to potentially becoming an owner as a way to make yourself an entrepreneur. Definitely a ladder out. Thank you so much for coming on, we have to go for breaking news. David herbalife shares are jumping afterhours after earnings report. It closed at 58, well over 62. Fox news Senior Correspondent fox business Senior Correspondent Charlie Gasparino has details on herbalife and the discussion of these investigations, these congressional investigations, charlie . Basically as we reported earlier they were expecting an end to the investigation or concluding the ftc investigation into the business model. If you look at 10 q, the Earnings Release buried in there is explanation whats going on. Number one, they say that investigation is at an advanced stage, it is essentially over. They say the investigation could end in a settlement or some sort of injunctive relief. This is why the stock is jumping. They believe if they reach a conclusion or settlement with the ftc over herbalifes business model, this emanated from bill ackman, the short seller saying this is a pyramid scheme, it makes money by bringing in distributeors and not selling the products. Theyre saying if they reach a settlement with the ftc and given every clue in the Earnings Release that its happening, theyre going to pay up to 200 Million Dollars as the best estimate. That is not a lot of money, that is why the stock is spiking right now, and its kind of interesting. I thought the stock on a good i thought it would go as high as 70. If theyre saying theyre going to get out after two years of being blistered by bill ackman with 200 million fine and injunctive relief, it could hurt earnings. They may be forced to scale back and aggressive marketing to distributors. Thats what they were criticized for by ackman. Luring distributors thinking they could make money by selling the shakes when its difficult to do so. Maybe a bigger earnings hit to the bottom line. is if they get out of this without being shut down with a 200 million fine and injunctive relief, stocks are going higher based on what we said. We knew this is likely what they were going to report. Based on my reading of the 10 q, this is exactly why theyre up. David well be watching closely for this full our. Thank you

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