Transcripts For FBC After The Bell 20160506 : vimarsana.com

FBC After The Bell May 6, 2016

Melissa stocks reversing course after the disappointing jobs report to end the day higher. Ashley webster at new york stock exchange. Ashley, were up today but not for the week. Up for the day, youre exactly right, melissa. Interesting the job report, all the talk is about Monetary Policy not only u. S. Economy bumbling along as that jobs report showed but also the fed will be worried what is going on overseas. Oh, by the way, we have president ial election in november. So maybe we should just stay a step back. They may, they say, according to sages down here, may make perhaps a rate hike in december to save some face. We shall see. Dow, s p, down two weeks in a row. Nasdaq down three weeks in a row. That is the longest streak since january. Although we see green on the screen today, overall its been a down week. As for individual stocks, shares of mcdonalds kind of getting like a stuck record player. That is old reference, isnt it . Lifetime high today. Six teenth time it hit a new high. This stock over last year is up 35 . Best performing stock in the dow, god bless allday breakfast apparently. Apple on other side. Coin, hitting 20month low. Getting down to 91. 85, the lowest since june of 2014. Didnt help when we heard news that apple chief tim cook will visit china and officials in beijing next week. China has been an area of concern for apple. A bit of a dubious outlook how successful he can be talking with beijing. Also just wanted to mention jcpenney. Not having a great day. Report in the New York Post citing an internal memo. They claim they have from penneys saying that the Department Store taking drastic cuts to try to save expenses this month including cutting payroll. Freezing employee overtime. Apparently light sales in april are the culprit. But there you go, penneys down more than 7 . Not a great day for them. Gold by the way, very quickly, as soon as we got jobs report, gold shot up. Gained 21. 70, to settle just under 1300. Melissa Ashley Webster, thank you so much. David . David gold, gold, gold. That is what were all wearing today. Were waiting another one of donald trump signature hangar rallies this an airport in omaha, nebraska, where he will speak shortly, maybe today. He will tell audience to vote in tuesday primary. Gop frontrunner shocked an audience in West Virginia saying they could stay home during that states primary. Donald trump and paul ryan standoff could be coming to an end as early as next week. I know were meeting next week but you and paul ryan . Were meeting next week. What are you talking to him about . I have absolutely no idea. Do you know what day you will meet with him . Wednesday. A long time to be honest. There is lot of days before that. David looks likes trump will have to wait a little longer than wednesday. Paul ryans office issuing a statement, quote, speaker ryan has invited donald trump to meet with members of the House Republican leadership in washington on thursday morning. Joining me now is jamie weinstein, from the daily caller, Senior Editor there. Jamie, is there a chance that paul ryan will not endorse donald trump . Well, certainly think theres a chance. Obviously there is pressure as a party leader to get behind donald trump but you know, if you look at issues, on issue after issue theyre so far apart on trade, immigration, entitlements. The reason to be of paul ryan in the house that budget plan where he wanted to reform entitlements. Donald trump says you dont need to reform entitlements. There is pressure obviously on paul ryan to get behind donald trump. David to say as paul ryan has that donald trump is not worthy of endorsement after he has received a Record Number of votes in the primary, just so far, we still have california, a lot of other states to go, 10,709,000 votes. A let of republicans think he is worth think. Shouldnt the speaker follow the people . It would be remarkable if he did not endorse donald trump. Remember, speaker ryan built his name as someone who stood against political ideas that were just to appease the public. Reforming entitlements is not necessarily a popular proposal but he believed it was necessary. He is an ideas man. David youre right. If he gets behind donald trump someone who doesnt believe in anything he espoused he will hurt his brand. David what is more important, his brand or the republicans winning in november . Ryan claims to be as you mentioned the standardbearer of conservative ideas. He said as much yesterday. Lets just play that tape. I think conservatives want to know, does he share our values and our principles . David but you know, jamie a lot of republican or conservatives would say the same about mitt romney, who paul ryan had no problem getting behind like that i understand there were problems with mitt romney. Obviously romneycare. But i dont think there is real comparison between donald trump and mitt romney on the spectrum of conservativism. David ive been involved in conservative politics for 40 years. I know a conservative when i see one. Mitt romney, very hard to convince conservatives that mitt romney is tried and true conservative. Yet again paul ryan had no trouble getting behind him. Because mitt romney adopted basically pauls ideas, paul ryans agenda, the budget plan. That, paul ryans signature proposal in the house. No, i agree with you hard for someone paul ryan not to get behind the republican nominee especially because he is house speaker. This is man based on ideas. If you have donald trump win the white house without any of the ideas that paul ryan believes can make the country great again in the words of donald trump, im not sure that is much value to paul ryan. David very interesting stuff going on here. Jamie weinstein from the daily caller, thank you very much. Very good to see you. Have a good mothers day. Thank you. Melissa mediaing criticism of possible credibility gap. Pundits lining up how donald trump could not win the general election. Yet the same people said trump couldnt win the nomination in the first place. Is skepticism fair . Here to weigh in, howard kurtz, host host of mediabuzz, a fox news analyst. A lot of people got it wrong, many, many, many, did not think donald trump could win the nomination but a lot of people kind of changed their tune along the way, wow, this is defying all the odds. Those that hung into the very end, how do they get back that credibility . It will be a long climb. I dont use the phrase credibility gap lightly. All of organized journalism basically missed story, missed reasons for it. Yes of course as trump piled up victory after victory, some said yeah i guess he could maybe win nomination. Now many same people are saying donald trump cant win the fall or very difficult for him to win. They might be right but viewers and leaders have cause to be skeptical given how completely off they were during the Crazy Campaign year. Melissa is there evidence of that out there . Is there evidence of the fact that viewers are wondering, who they can watch and trust . Because we all watch it so closely. We know sort of how it evolved. Howard, how do you engage what the people in the audience are really thinking . Recent Major National survey say only six of americans have a lot or great deal of confidence in the media. Melissa that hurts. He is a lot more popular than we are. Melissa he also plays off the fact that the media was against him. That is something that helped him a lot. In addition hating establishment. Hating politicians in washington and hating the media how he got there. So chances are, if he is smart he will continue it. Still an issue because you have a lot of highprofile conservative commentators at weekly standard, national review, some here at fox who are still in the never ever trump camp. By the way i think it is fair to say that trump has an uphill battle this fall not just because of high negatives because electoral map favored democrats in recent elections. Not crazy to say that just there is this credibility problem from people who in my profession who couldnt understand how he was winning these states because of his connection to disaffected working class americans, in particular who dont trust the political establishment or the media establishment. Melissa people who continued to say he has absolutely no chance stacking up victories. He was a clown. Had no chance. Melissa look forward to your show on sunday. David i always look forward to that show. Melissa media biz. David antihillary protests in california reveal a deep split among democrats. Hillary clinton was forced to cut her rally short yesterday in golden state amid protests. On the trail again today. Where we find fox newss mike emanuel. Mike, that wag kind of bad optics for the frontrunner, wasnt it . Reporter david, no question about that good afternoon from oakland. Interesting how much time and Energy Hillary Clinton and her husband former president bill clinton invested in california this week. The candidate, mrs. Clinton, continues her second day of campaigning and fundraising here in the golden state. Will do rally later today in oakland. Clinton sounded irritated by Bernie Sanders who talked about the 2008 campaign when she, when then senator obama had won. I withdraw. I endorsed him. I campaigned with him. I nominated him at the convention. I went to the floor of the convention and moved that he be nominated by acclamation. [applause] because i knew this, that whatever differences we might have have had in the campaign they were nothing compared to the differences between us at and the republicans. Now if that was true in 08, that is true on steroids today. Reporter clinton was greeted by a few hundred Bernie Sanders protesters in east los angeles. Several bernie supporters also distracted clintons event. Sanders has been pushing hard in coal country, West Virginia. While sanders is vocal about Climate Change he is talking about spending money to rebuild that very difficult economy. We protect those workers. We do not leave them behind. [cheers and applause] that is why i have introduced legislation which puts 41 billion into helping those workers and those communities get their feet back on the ground. Reporter clinton is expected to do well with older democrat voters latino and africanamerican voters. She will be here in oakland later this afternoon to try to build on that support. David . David mike emanuel, thank you, mike. Appreciate it. Melissa. Melissa breaking wildfires in canada continue to hit oil prices. Oil erasing early losses to end higher today as the fires spread. Canada is being forced to relocate thousands of people as the wildfires show no signs of subsiding. David wow melissa the blaze has destroyed or damaged at least 1600 buildings and holes so far. David unbelievable video coming out of canada on that. Meanwhile very weak jobs report for the month of april, the smallest gain in seven months. Why president obama is blaming congress. Melissa donald trump got a lot of backlash when he announced his America First Foreign Policy plan but results of a new National Poll show most americans agree with him. Lieutenant colonel oliver north joins us with his take. That is coming up. David it is not actually completely over yet for the nominee. Trump needs to still get 1237 delegates to the republican nomination. Why is he telling West Virginia reporters to stay home . Well ask his National Spokesperson Katrina Pierson coming up. I want you to do so save your vote. You dont have to vote anymore. Save your vote. Its the Little Things in life that make me smile. Spending the day with my niece. I dont use super poligrip for hold, because my dentures fit well. Before those little pieces would get in between my dentures and my gum and it was uncomfortable. Even well fitting dentures let in food particles. Just a few dabs of super poligrip free is clinically proven to seal out more food particles so youre more comfortable and confident while you eat. So its not about keeping my dentures in, its about keeping the food particles out. Try super poligrip free. Perfect driving record. Perfect. No tickets. No accidents. That is until one of you clips a food truck, ruining your perfect record. Yup. 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Here in the United States there are folks out there who are still hurting and so, weve got to do everything we can to strengthen the good trends and if the Republican Congress joined to us take some steps that are pretty common sense, then we could put some additional wind at the backs of working americans. Melissa yeah, congress can fix it. Here to weigh in tim kaine, Hoover Institute research fellow, tom gimbel, Lasalle Network founder and ceo. Wem, a managing director. Paul, let me start with you. What was your impression of the numbers . The numbers clearly showed some weakness. There was a surprise. The numbers did not come in as consensus was expecting. I think most important takeaway quite frankly sun certainly. I think market, if you look at fluctuations today throughout the day from this morning to way we closed clearly showed uncertainty. Melissa tim, it does seem like, kind of everyone is uncertain where this economy is headed. Do you think it is headed lower . I just think it is lame, right . Its a bad week. Weve seen, three remaining president ial candidates are antitrade. That is a little depressing. It is not a good report, bad report, the same weve had for five years. Lackluster is how i would describe it. Melissa yeah, tom, whats the problem . Where are we seeing hiring . Where are we seeing openings . Youre down in the trin muchs of this thing. Is it as bad as it looks from this level . I dont think it is as bad as the public wants to make it look. You know the president says there are people still hurting. Even if there were 200,000, the report was 200,000 there are people hurting and there are people doing well. We have to look at this from a little bit of a different perspective, we have to say this is new normal. Its been this way for three years as tim mentioned. Well not get 300,000, quarter of a million jobs every month. But really indicate what will pass this summer legislationwise, theyre raising overtime exemption salary to 50,400. I think that is something not getting talked about by the administration. Companies are fearful. Melissa paul, if this is the new normal, companies are fearful. People arent hiring with gus stow. We never saw a big expansion after such a big decline. If this is the new normal i dont like the sound of that. I wouldnt get too worked up over it. It is one data point. We have 5 unemployment. We added 160,000 jobs. You raised a good point, if economy continues this way and numbers come in closer to the general election that lends itself to uncertainly and additional weakness. Melissa tim, what would make the economy grow stronger at this point . What could be done in the near term to make a difference . So lets go back and dig into the numbers to something, melissa, you pointed out. The Labor Force Participation rate under president obama has gone down by 8 for teenagers, 6 for people in their 20s. It is down overall. Only group it is up for are older citizens. What we need out of washington is an agenda to create jobs or basically increase demand for labor. Because right now people arent feeling it. And its really frustrating melissa what does that look like though . What could the government do though . I mean, how do they create demand for labor . Dont tell me shovelready jobs. We already tried that. Not the governments job to do it. Melissa right. Right. Stop making it harder. Look at regulatory burden. Melissa yes. Regulatory burden. Guys, thanks so much, david . David we have breaking news on subject weve been following all day. A suspect is in custody after two people were killed in separate shooting incidents in maryland. One man was fatally shot, two other people injured at a mall in bethesda, maryland, outside of d. C. Soon after those shootings, a woman was fatally shot in Grocery Store a couple miles away. Authorities are currently investigating any connections between the shooters and victims, holding a press conference a moment ago. Here is a bit from hit. At this point we dont know of any connection but that is still very early on the investigation, that is certainly something that were looking at. One other point david suspect is a federal protective service employee. He was placed on administrative duties in march after protective order was issued against him. He was subsequently placed on administrative leave. As soon as we get more information, well give it to you. Melissa irs could have miscalculated tax returns. Now it may not even have a solution. That sounds typical. Hillary clinton sticking to her story she has not been contacted by the fbi but investigators are interviewing her closest aides. Coming up Greta Van Susteren breaks down the legal issues. 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