Transcripts For FBC After The Bell 20170124 : vimarsana.com

FBC After The Bell January 24, 2017

Chicks off in chicago, targeting Trump Administration ties to Goldman Sachs of all things as chicagos homicide rate at 19year high. Theyre not protesting that. There you go. President obama defying congress, paying 200 million in taxpayer dollars to the palestinians just hours before he left office. What if anything President Trump can do to get your money back . Fox Business Team coverage bringing you all of the latest details. David . David first back to the historic day on wall street. S p 500, and nasdaq closing at brand new record highs, while the dow ends less than 100 points from the 20,000 mark. Weve been there before. Oil rallying as well from big move on President Trump. Scott shellady, how traders respond to executive orders. Lori rothman on floor of new york stock exchange. Lori, what is driving the markets . Hey, david. Lets unpack the dow for you especially dupont. Shares up 4 1 2 . Dupont says 130 billion merger with dow chemical will take longer than anticipated. For more good news, if that is how you want to interpret it, theyre getting good news in advancement of talks to have key jurisdictions and oversight to make sure that is okay. Some s p 500 winners now. Construction and engineering stocks. Executive orders signed by President Trump. Big news on keystone and Dakota Access pipelines. These are a lot of companies, Engineering Companies and Construction Companies that would facilitate those projects. Quanta services up almost 8 . Freeportmcmoran up more than 8 . Committing home sales in november declined because inventories existing homes sales at 17year high. D. R. Horton led to strength of sector in homebuilding stocks. D. R. Horton leading the way with gains nearly 7 . Back to you. Melissa lori, thank you. Oil giving stocks a boost boosted by five executive orders from President Trump, aimed at advancing two major pipelines. This is in regard to the construction of the keystone pipeline, something that has been in dispute. Subject to renegotiation of terms by us. Were going to renegotiate some of the terms. If they would like, well see if we get the pipeline built. Melissa he signed a similar order for the Dakota Access pipeline as well. Scott, what are traders saying about all this . What is their take . More the feel good factor. Hasnt really done a ton for price of oil. Were still between 50 or 55 level. Well need to see proof in the pudding. Feel good sector for energy in the states. Just like Manufacturing Sector when he tries to keep jobs here. Still proof in the pudding, wait and see thing. ll e how flows through with Economic Indicators driving for whole four years. Melissa scott, i feel like this impacts so much more than the oil market. There are some other factors. It will create jobs and labor, boost the economy. Also you look at the price of steel, and the fact that he had promised to use American Steel in order to build the pipeline. Youre right. We have to see it. We have to see the proof but there are other factors than just oil. I mean it is hard to believe, but you know, he is proving not to be republican or a democrat. He proving to be a common senseocrat, you and i would say over coffee that is a good idea. He is going one step further actually doing it. We need to numbers to come in and follow through, thats all. Melissa Scott Shellady thank you. David common senseocrat. Scott is a genius. Melissa trademark that. David they are loving it. Joining me scott martin and gary kaltbaum, kaltbaum capital management. Theyre both fox news contributors. Gary, the markets are stuck in the beginning of the year, waiting for action. They got action, exactly the kind they were looking for, no . Look the s p looks like it is breaking out. The dow is less than 100 points away. All it will take is couple good earnings for dow names. Also today, anything trumplike had a great day. A lot of breakout in construction and materials and things like that because of the pipeline. Because of the infrastructure. Nothing bad happening right now technology in gear, nasdaq at new high, all things david scott, wasnt a new pipeline. One of the things he signed was deregulation measure which is critical. He described it so clearly, that Companies Need to lower the cost of doing business and regulations have gotten out of control. Yeah. I think really thats what happens when you start actually getting somebody who knows business, whos from the private sector, david in d. C. David exactly. Something this market has wanted for a long time. You talked about the performance of the s p with gary. For a couple years, end of Obama Administration, last two years s p was snuck in neutral. We had all the pentup demand and pent up energy. It is all being released thanks to trumps actions thus far. Melissa welcoming heads of u. S. Automakers to the white house with open arms, letting them know the best is yet to come. Well make the process much more simple for Auto Companies and everybody else that wants to do business in the United States. I think youre going to find this to be from very inhospitable to extremely hospitable. Melissa gary, what do you think . Too good to be true . [laughter] you know the one thing i heard today from some ceos was, that donald trump was asking them what he can do that they can flourish. Melissa right. I dont think weve heard that in a long time. In fact all weve been hearing about is more regulations and all that stuff. This is good news. You combine it with all these other things we are hearing about, and i love it. Look the business of this country is business, and jobs. If you can have that flourishing across the country, all good stuff, im happy to see what im seeing. Im happy to hear what im hearing. You know, scott, i talked to bankers during the lasted a administration who had gone to the white house and supported president obama and loved him. They would go there and said they got beaten by a treasury official, that president obama didnt really even talk to them. No interest in their input on anything, on how they could get things moving, how they could deal with the financial crisis, just a beating. Like he didnt appreciate their opinion at all. Do you think trump would actually be different, maybe because he is a businessman . I do, melissa. Lets face it, when youre talking about d. C. And the Financial Sector i dont think there is much worse than we could have seen last four or maybe eight years with regard to relations between the two bodies. He is starting from a low bar. Which is good because improvement is improvement. Ive been reading body language from ford ceo mark fields and tech ceos trump talked to, melissa, the body language looks really good from ceos when they come out of the meetings. Maybe theyre playing everybody. Maybe theyre arguing behind closed doors. But theyre selling it to the American People and selling it to the markets. Melissa a lot different from the lasted a administration. We know that. David even union guys are happy. President trump seeing disagreement from both ends of the spectrum making executive decision to strike down tpp, take a listen. United states being cult off from trade would be like trying to breathe without oxygen. It is an essential part of our economy. I think the decision to pull out of tpp is unfortunate because the real beneficiary of that is china. What my concern is, we can sign the asiapacific region to china. The chinese are negotiating their own version of tpp. David scott, i got to be honest, i dont listen much to politicians but when fred smith talks i listen. This guys knows worldwide trade. Nobody knows it better than fedex. He founded fedex. What he is talking about tpp does not include china. That because the other countries in asia wont have this trade deal, that benefits china. Do you agree or disagree . I do, david. That is one kind of draw back about stepping out here, now china becomes a big beneficiary there, because a lot of smaller countries cant hold a wit to it. Look how the fallout is going to go, depends on china, what they do, getting out of this deal, formulating Something Different Going Forward in the future is what America Needs to stay positive here. David gary, there is a lot of stuff that folks buy from asia outside of china might have been affected by this dea the costs i assume will increase. They had been Dow Jones Industrial average in anticipation of the tpp. How much will consumers have to pay for this . Heres the problem. Tpp is advertised as lowering or getting rid of 18,000 taxes, as well as lowering trade barriers. So in anticipation of this, prices probably have come down and maybe start to tick back up but heres the good news. Were not stopping trade. Were not going anywhere. Were just going to renegotiate, maybe go country by country, by country. Keep in mind tpp is not in place in the first place. Im sure he will go after something good as we move forward. Maybe he will do a bad job and all heck breaks loose, well have a trade war, that is for the future. He understands the greatness of the world at this point in time is global trade and that is not going to stop at all. David gary and scott good to see you both. Thank you my friends. Melissa . Melissa the man in charge of fixing obamacare, President Trumps nominee to head up the health and Human Services department is once again facing tough questions from senate democrats. Fox businesss peter barnes in d. C. With the details. Peter . Hey, melissa, thats right. Democrats hammering tom price on the Trump Administrations plans to repeal and replace obamacare and on his investments in health care companies. The finance committees top democrat, ron wydennen went after price on one investment in particular, an australian biomedical company. Stock got stock in private placement, so the value of his stake rises 500 to half a million dollars. Price revised his Financial Disclosure statement regarding this investment. Democrats charges that he supported legislation that benefited that one and other companies as well. It got heated. Trading in stocks while you sit on two committees, introducing legislation that directly impacts the value of the stocks. What legislation would that be, senator . We will take you through the various bills but the reality is, this is has been cited on a number of occasions. Reality is that everything that i did was ethical, aboveboard, legal, and transparent. The reason that you know about these things is because we have made that Information Available in real time, as required by the house ethics committee. Reporter no word when the committee will vote on prices nomination but it is expected to approve it as is the full senate. With republicans going out of town tomorrow for their party retreat in philadelphia, probably wont be for at least another week. Other things we want to let you know the senate will vote on the nomination of nikki haley to be the United States, u. S. Ambassador to the united nations. That eected at around 5 30. Melissa. Melissa peter, thank you for that. David well president obama defying congress, quietly paying out more than 200 million in taxpayer dollars to the palestinians just hours before he left office. More on why he was able to do this, and if we can get any of that money back with Lieutenant Colonel ralph peters sounding off next. Melissa chicago bracing for what could be a major antitrump protest this hour. That was the scene on saturday. Mayor rahm emanuel railing on President Trump for not focusing on what he considers important issues. Well take a look at hypocrisy from the city with one of the highest murder rates in the country. David despite president up interests accomplishments over past two days in office, press Secretary Sean Spicer could not avoid repeated questions about a comment the president made last night. It is very clear he won the election based on the 306 electoral votes he got. Were here on day two. I think lets not prejudge with we may or may not do in the future. 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Stream 130 live channels, plus 40,000 on demand tv shows and movies, all on the go. You can even download from your x1 dvr and watch it offline. Only xfinity gives you more to stream to any screen. Download the xfinity tv app today. Melissa White House Press Secretary Sean Spicer was asked numerous times throughout his press briefing today about President Trumps claim that voter fraud occurred in the election costing hem the popular vote. Blake burman in the Briefing Room watching it. Blake, he got asked that question so many times, could have said asked and answered. He kept engaging on it. Why . Reporter he was asked, probably not an official count, four or five or six times. Melissa right. Reporter spicer says he doesnt want to quantify at this point. Well get away from doing that as well. Consistent in the hearing or briefing, rather, take a step back, this comes from congressional sources at meeting at white house with the president. The sources say that President Trump said he would have won the popular vote if it would not not been three to five Million People voted illegally, essentially voter fraud. So spicer was asked about that several times today, and he tried to make the point that there would be no investigation into this, into this claim, which would be a serious one if true, but he was repeatedly asked and tried to separate himself from it but also said this is indeed the president s belief, but at one point he basically said look, put everything on pause here. There is going to be no investigation into this. Here was part of that conversation, basically how this all culminated. Listen. Want to be clear about this investigation, simply usually opened the door for one. Have you discussed with the which investigation are you referring to . Possibly investigating this voter fraud . I did not, no, i did not you said it is possible. Anythings possible. Reporter anything is possible but he says an investigation at this point likely not happening. By the way, here at the white house right now, there is a lot of activity going on. Top congressional leaders melissa, close to the Incoming Supreme Court nomination process, both democrats and republicans, here at the white house speaking with President Trump, president earlier today said he will make thinks decision this week and expect announcement sometime next week. Melissa thats right. That issue is ahead of us. Lets look ahead. Stop with the rear view. Get over it, blake, thank you. Thanks for that. All right. David a man condemned by both parties at different times during the Election Campaign is apparently sticking around. President trump asking fbi director james comey to remain in his role. The announcement surprising a lot of folks who thought he would be asked to resign for his on again, off again handling of investigation of Hillary Clintons email server. Lieutenant colonel ralph peters, fox news strategic analyst. Colonel peters, great to see you. What do you think, does he deserve to stay on . Well whether or not he deserves to stay on the president , for his own reasons has decided to keep him on. Now we have to remember, david, that in a sense, the fbi director has tenure. It is a 10year term. And thats to take him out of political cycle. Normally i believe comey would be up in 2023. So it is really not unusual to have this overlap but the other side of the story is, as we all know, james comey had a very, very bad year in 2016. He started that year with almost universal respect. Ended it in the doghouse on both sides of the aisle. He is weakened, and for whatever reason, President Trump may calculate that having a weakened fbi director for the transition period may be to his advantage. Well see. David thats interesting. Sometimes that has happened, when a president feels fbi maybe overstepped its power. Lets move on to another subject. This is something really getting under my skin. Former president obamas parting shot. The Obama Administration quietly releasing 221 million to the Palestinian Authority, he defying two republican lawmakers who placed a hold on the funds. The reason, colon

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