Transcripts For FBC After The Bell 20161208 : vimarsana.com

Transcripts For FBC After The Bell 20161208

Take you live to trump tower for the latest. The war of words continues, trump slamming a local union boss for calling him a liar over the carrier deal. The International President of the Steelworkers Union will respond. And the passing of an American Hero. The first u. S. Astronaut to orbit the earth and a former u. S. Senator, john glenn has died ad the age of 95. More on his life and legacy later in the hour. David it was a great run, 95. Were all sad to see him go. Another day of records on wall street. The dow less than 400 points away from 20,000. Did you think you would hear that a couple months ago . Oil spiking today as well. Phil flynn with his eye on that from the cme. Lori rothman is on the floor of the new york stock exchange. Lori, the big winners today, who are they . I think everything was pretty much a big winner. Obviously that is an overstatement. Even though the dow pretty much cut its gain by half, still enough for a record close. Record close once again benchmark averages. Unbelievable, this is the fourth Straight Record close for the dow. This is the 22nd record close of 2016. Since the election a month ago the dow itself has climbed 1300 points. The trump rally rolls on. Lets break this down. In fact you basically got five stocks, goldman, jpmorgan, boeing, caterpillar, accountable for 2 3 of the gain on the Dow Jones Industrial average. They were up 2 in todays action. Driving the dow today, goldman sachs. It is up better than 30 since the election. Disney had a big day. Jpmorgan and dupont were the winners. This is a interesting story on the downside, some casino operators, that china will slash atm withdrawals to combat some corruption going on. Wynn resorts off 11 . Las vegas sands off 12 and 3 4. Macao is like las vegas of outflows. There are trying to trim flows of currency out. Back to you. Thank you, lori. Oil back above 50 bucks a barrel. You have your eye on natural gas as well, seeing a big surge with that with the cold front coming on. We sure did. You know what . We keep talking about on natural gas, melissa, there is huge oversupply, that were so much above the fiveyear average, were hearing that supply could be gone three weeks, that buffer we have, that is how cold it is going to be. If you look at today, we saw injection kind kind of hohum injection. We lost 50 btf. Next week triple digits and the week after that. Within three weeks we could lose 500 to 600 btfs. That supply in winter will be gone and up to mother nature. Lets talk about oil. Opec deal, nonopec, deal close to being done. I think they will get it done this weekend. Back to you. Melissa got to watch the rig count on natural gas, thank you. David . Trump rally continues fair to say that as americans feel a lot more optimistic about the economy with 54 saying they believe stocks will finish higher by the end of 2017 but the socalled experts, theyre kind of shaking in their boots saying they really dont trust the rally. Veronica daguerre of the wall street journal, liz peek of the fiscal times. Liz, ive been on vaca for a week. I come back, see all the pieces this isnt a trump rally, it is obama rally. It is the obama economy and isnt trump so lucky to come in at end of the his term when all of his policies are kicking into high gear. I say what, are they nuts . What do you say . Weve seen a lot of indicators, not just a surging stock market. People are uplifted by the election the donald trump. This is breaking news item. Wells fargo released a survey of Business Optimism which hit a high, highest level in eight years. That is Small Businesses. Theyre reflecting the mood of the country. People are excited about less regulation, less taxes. Theyre ready to go. This is the missing element, optimism from the business community. It is beginning to build. David veronica, the point weve had eight years of higher taxes more regulation, they have been piling it on. That is why weve been growing slow. Now a businessman for goodness sake, elected president and will cheapen st of doing business. No wonder business is booming. A feeling of that shackles are off. People are excited. Businesses are hiring more. Financial advisors, 20, 30 of the their portfolio in cash on the sidelines. Were hearing them slowly putting some money to work, theyre feeling bullish what trump has in store for us. Melissa all right, the president elect selecting another ceo for his cabinet. He might be about to add one more. Fox businesss Connell Mcshane is outside the trump tower with the latest. Connell . Reporter hey there, melissa. You know it is interesting no doubt a theme has emerged at trump tower the last couple days, and youre hitting on it there, the fact this businessman, the president elect is considering at least many officials from the Business World for highlevel positions in his administration. Let me begin with alan mulally, that was surprise to many of us covering the transition when we heard this morning the former ceo of both ford and boeing was on the list of guests that mr. Trump would be meeting with today. Did not see that one coming. In fact when mr. Mulally came for his meeting, we didnt see him either. He came and left through the private entrance of trump tower. Didnt parade through the lobby as so many other guests have done. We learned from a Trump Administration source, that he is is being considered, mulally, possible secretary of state. Along the likes of exxonmobil ceo, rex tillerson. On that theme, ceo of kc restaurants, andy puzder, heading up the labor department. Another ceo, kc, hardees and carl, jr. s. Linda with the Linda Mcmahon appointment at sba, we heard about tillerson possible as secretary of state, but mulally thing came as surprise. We dont know where it is going but two of them met. Melissa a lot of Business People in there. We love that, connell. David Linda Mcmahon, i love how outraged trump critics are. Melissa, talk about alan mulally. Very ironic, this is head of ford, former head of boeing, these are two top targets, if you will of donald trump somewhat he sees wrong in the Corporate Community . Yeah, i think there is a unifying theme to a lot of these appointments or possible appointments, it is pragmatism. Mulally knows how to deal with government regulation. He involved with companies that deal worldwide. He is very familiar with ceos around the world. All these people that trump is putting in places of importance like wilbur ross and pruitt and all these, if there is a unifying theme it is pragmatism. These people know how to get things done and many know how to roll back regulation. David absolutely. I really cant stress enough how important i think that is. Puzder is clearly somebody who is against some of the new restrictions, or rules about paying overtime. David right. Those are theoretical things that could help people but he actually knows how to create jobs and really help people. I think that is kind of whats happening. You see a real reversal. David right. Lets get out of the ivory tower and mick things work. David they know how to create jobs, andy puzder, by the way if anybody knows where the bodies are businesses that have been killed by regulations, it is andy. He will be labor secretary. This is a whole new era. In the fastfood industry they are excited about that they have been a target of the Obama Administration for the past eight years. David sorry to interrupt, the thing is, the fastfood industry is filled with momandpop franchises. Franchisees, right. David these are not huge corporations. These are Small Businesses that make america great. That is who hires. He knows those businesses. He makes sense for a pick. He is very probusiness. He wants taxes rolled back. He has been adamant against the fight for 15. He is the candidate you would expect mr. Trump to pick. When youre looking at this pick, this is good news, weve seen this already in the stock prices, look at Companies Like mcdonalds and dominos, companies that have franchisees, expect the stocks continue t do well. Melissa yeah. Liz, when you look at his fight against 15 an hour, he breaks it down, some of the comments he has made in the past have been so insend did i airy, robots dont take time off or call in sick, all this stuff, obviously that will be met with a lot of push back in washington, no . Absolutely. We have anecdotal evidence from some parts of country that raised minimum wage significantly there are job losses to follow. There is mythology created about how raising the minimum wage is overnight cure for the fact that wages havent gone up. Here is what make wages go up, is a tight labor market. By the way current numbers on unemployment are bogus. They dont really reflect all the people that left the job market, et cetera. You but if you want to improve lives of working people, create more jobs. What were seeing is the exact opposite of what obama did in 2008 whe he staffed his white house with people who had no private sector exrience whatsoever. Melissa yeah. This is the flip side of that and i got to tell you, i find it incredibly encouraging and exciting that smart, pragmatic people will be in charge of these monsterous government agencies. I really look forward to seeing what they can do. Melissa no, absolutely. To put someone like this in charge, there is a myth in america that ceos are enemy of labor. That is not true. David great point. Melissa they care so much about businesses and workers. They understand their workers make their business tick. They knew that 15 an hour was not answer. They want to elevate people through the ranks of their companies to become managers or their own franchise. Not about paying the person in the door more money, then you have fewer of them. These guys understand it. I hope rest of america sees it. Thank you,. David like a general loving his troops. Melissa exactly that. David unconventional inauguration for an unconventional president. Have you heard the new details of this extravaganza, no other word that could be in the works all the way from the big apple to the beltway. It will be a production. Melissa it will be something. Local union boss fueling a street storm with donald trump after calling him a liar over the carrier deal. The International President of the Steelworkers Union will respond. David that should be fun. The liberal backlash growing after trumps pick to head the epa after meeting with al gore, some calling him an environmental disaster. Melissa president elect donald trump meeting with the victims and firstresponders of the deadly terrorist attack in Ohio State University campus last week. Fox newss matt finn standing by in columbus, ohio, with what we can expect from trumps visit. Reporter good afternoon, melissa. Donald trump expected to land here at any moment. He will be meeting with the victims and firstresponders in the building here behind me, the Ohio State University says that Donald Trumps team handpicked people he wanted to speak to today, that includes victims, firstresponders an perhaps people beyond that. It is not clear if donald trump will meet with the hero cop, alan horujko. The emotions very raw here. People recovering, emotionally and physically. We met with a professor earlier today who is recovering at home with a substantial and painful looking wound to his leg after the attacker hit him with his car. Students here have mixed opinions about donald trump. Some say theyre happening he is showing up to the campus. Showing he has sympathy for victims. Other student say the visit necessary but not welcome. Take a listen. Definitely a good thing he is coming out. I mean regardless of your position on his other policies and, what he is going to do for this country. That shows that he cares and that he has compassion for what happened here at the university and i think thats awesome. I guess it is needed but not 100 welcome. Reporter after Donald Trumps meeting here today at Ohio State University campus, he will be flying to iowa where he continues his thank you america tour. Melissa . Melissa matt finn, thanks for that report. David . David we have more breaking news on the first, the death of the first man to circle the planet, john glenn, who was senator. President obama just releasing a statement on the passing of john glenn. I will quote now. John spent his life breaking barriers from defendinour freedom as a decorated marine corps Fighter Pilot in world war ii and korea, setting a transcontinental speed record, i forgot about that one, at age 77, the oldest human to touch the stars. The last of americas first astronauts left us but propelled by their example we know our future here on earth compels us to keep reaching for the heavens. Amen on that. John glenn, rest in peace. Establishment folks in government and the media are shocked that after meeting with al gore, president elect trump would choose a critic of Climate Change activists to head the epa here is the usa todays susan page on cbs this morning. His appointment of scott pruitt, the Oklahoma Attorney general as head of the epa indicates he plans to follow through on his Campaign Promises to really curtail the epa, curtail some of these steps the Obama Administration has taken on Climate Change. David following through on his promises, imagine that. Melissa horrible, horrible. David leslie rutledge, Arkansas Attorney general. Leslie, i have never heard anybody criticize a president or president elect for following through on his promises but apparently that meeting with al gore led all these liberals to believe that in fact he was going to pick somebody very different from mr. Pruitt . Well, the liberal establishment has been surprised many times in the last few weeks and this is yet another surprise to them but not to those of us who know scott pruitt and who know president elect trump and sort of administration he is putting together. I couldnt be more excited my colleague and friend scott pruitt will be heading up the epa. That is who the president elect decided to nominate. He will rein in this agency that has been out of control for quite some time. He has been a leader on these issues, balancing protecting environment while at the same time insuring farmers, landowners and businesses are not overburdened by the cost associated with compliance. David a lot of them have been put out of business by some of these regulations, many which have been called flippant and useless. Lets quote scott pruitt himself who said earlier today, the American People are tired of seeing billions of dollars drained from our economy due to unnecessary epa regulation, i intend to run this agency in a way that fosters both responsible protection of the environment and freedom for american businessmen. Businesses. Cant you have both, welloperating businesses and a cleaner environment . Absolutely and all landowners and Business Owners and certainly our farmers and ranchers across america care most about the environment. My husband and i have a farm in arkansas and i know that farmers and landowners are the first conservationists that unfortunately under this administration of president obama, that we have seen an a essentially putting farmers out of business. I had a farmer tell me once that, leslie, if you can afford to get in the business, you can afford to get out of it. David good point. Our farmers in the United States make up only 2 but not only feed themselves but feed almost 98 of the population. David they are a vital part of our economy. Cant do without them but a lot of them are stuck with regulations say if you have a puddle on your property you cant farm anymore. Let me quote nancy pelosi by the way, whos talked about how this is essentially going to be the end of the world if this guy becomes epa administrator. For the sake of the air we breathe, the water we drink and plan net we will leave our children, the epa can not be stenographer for lobbyists and big oil. She is referring to pruitt. Apparently we will not breathe or drink water if he becomes epa administrator. Often times they said the sky is falling and it is not. The sky is falling on overreach federal government. With my friend scott pruitt at epa as well as other appointments this president elect is making were going to see americans getting back to work, getting these unnecessary, burdensome regulations off their backs, that way they can go back to work and take care of their families. Scott pruitt has been a big fan and a leader and mentor to many of us in the ag community on environmental issues. I couldnt be more excited he will be in this position. I look forward to working with him and epa once again with common sense, smart regulations in place. David we have to remember that the federal epa works with all of the state epas to sort of coordinate their activities. It is very important they get along with the states. Leslie rutledge, Arkansas Attorney general who would have made a fine epa administratetor herself. Thank you. Melissa president elect donald trump tweeting about passing of john glenn. Today we lost a great pioneer in air and space, john glenn. He was a hero and inspired generations of future explorers. He will be missed. David even though he was a politicianeverybody thought he was an American Hero which indeed he was. Concerns over a Health Care Cliff. Why one congressman said rushing to repeal obamacare could push plans over the edge yeah, so moms got this cold. Hashtag stuffy nose. Hashtag no sleep. I got it. Hashtag mouthbreather. Yep. Weve got a mouthbreather. Well, just put on a breathe right strip and. Pow it instantly opens your nose up to 38 more than Cold Medicine alone. So you can breathe. And

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