Transcripts For FBC After The Bell 20170524 : vimarsana.com

Transcripts For FBC After The Bell 20170524

Covering in this very busy hour ahead. Washington anxiously awaiting a report just how much the Republican Health care plan will cost and how many people it will cover. The numbers could come out at any moment. Meanwhile the president meeting with heads of state in two european nations but the highlight, a meeting with the pope, more on what was discussed there. New details emerging in the uk terror suspect and his network now unfolding. A live report from manchester on who officials have now in custody. Among our guests this hour, former military analyst kara miller, former pastor Robert Jeffords and brian babin and judge Andrew Napolitano. David market getting good news from Federal Reserve notes. That they will not make any moves in portfolio or notes until they are sure the economy is on a sound footing. Lori rothman on the floor of new york stock exchange. We were in the green before that but that is what really led to the market ticking up, right . Reporter you hit the nail on the head, david. This goes back to the may 2nd, may 3rd meeting, what also fueled the bulls, the statement that the fed plans to grad wally unwind the 4. 5 trillion balance sheet. A little bit in the weeds. Well leave it at that. Basically means no shock to the financial system. At least that is the interpretation of among wall Street Investors today. We did have a record for the s p 500 today. Lets show you particular stocks that drove the s p to levels never seen before. Number one, intuit, up almost 7 today. This is the tax preparation softwaremaker. Shares rose on good earnings and also on reports incredibly Strong Demand for the quick books cloud products. Subscribers rose Something Like 59 , to over 2. 2 million users in the third quarter. Rounding out the list first solar raised to market outperform. That is a nice upgrade for them. Energy and Charter Communications are the top winners. Dow closing above 21,000 for the first time in a couple of weeks. Investors really like what they heard from the fed today. That was the key focus from the folks. David it settled up a little, lori, 21,012. The second highest close in history. A great day for the markets. Melissa. Melissa oil snapping a fiveday winning streak on reports closing down slightly to end 51. 36 a barrel. Ahead of the tomorrows big opec meeting and drop in u. S. Supplies for the seventh week in a row. David Speaker Paul Ryan doubling down on the tax reform timeline. Take a listen. December 23rd. That is the date. We have to get tax reform by then. Were confident we can do that. Confident that the tax reform finished on the president s desk can. By end of calendar year. David looks pretty sure of himself . We have Danielle Dimartino booth and layfield reports ceo, john layfield. Great to see you. It sounds great, im hoping hes right but after that mess with the Health Care Bill i dont know that he is. What do you think . I agree with you, david. I hope that he is right. It does sound great but i dont think it is growing to happen in 2017. You had Steve Mnuchin saying would not happen most likely by the august break. If it doesnt happen by then, doesnt happen most likely until early 2018. Senators are in reelection mode. This thing might not happen for the next 18 months. I think at least. And something, there is few things we could get done. Corporate tax we could get done, repatriation. Capex spending could be and they want complete tax reform and i just dont see that happening. David danielle, theyre breaking a mold with what they have planned. What they plan to do is cut these taxes before they figure out how they pay for them. They believe there will be enough Economic Activity generated by the tax cuts so they pay for themselves. That is tough sell in the inside the beltway. Try selling that to Chuck Schumer and getting away with it. David try selling that to some republicans and getting away with it. Absolutely. You cant even get the republicans to play nice in the same sandbox, much less bring democrats on board. You know, i think markets would be rightly skeptical about the timing but on the other hand as we know today, markets are plain, theyre just happy. Melissa yeah. The cbo set to announce their analysis of the republican bill to repeal and replace obamacare and it could paint a different picture of the future of health care in america this time around. Fox businesss gerri willis is in the newsroom with the latest. Gerri, what do we expect . Thats right, melissa, it could come absolutely anytime. The scoring of trumpcare, the gop bill for repealing and replacing obamacare will be watched closely by both the left and the right and the Critical Issues to watch out for, there are two. One, whether the bill can save 2 billion over 10 years. If not, then the bill can not be taken up under reconciliation rules which allow Senate Republicans to pass a bill with a bare majority, 51 votes f it can not pass the test it has to go back to the house to be rewritten in order to achieve that threshold. Understand 2 billion is pretty much a rounding error and should be achievable. Other critical issue is this, how Many Americans will lose coverage . The cbo said the previous gop bill would result a loss in coverage of 24 million americans compared to obamacare. Democrats used that information as a rallying cry against the legislation. Now, keep in mind even if the bill get as thumbs up from the cbo, many in the senate want to completely rewrite it, possibly adding more money for subsidies, a move that would make the legislation more objectionable to deficit hawks, more expensive. Finally the bill has undergone dramatic changes since last scored bit cbo. Those changes would allow states to waive out of two key obamacare requirements. Essential machine dates insurers must cover and Community Rating which prevent higher premiums for those with preexisting conditions. Melissa. Melissa gerri, thank you so much for that. Danielle and john are back with us. Danielle, what is your bet how this will come out . I think weve got even odds at this juncture. As she said the two billion is a rounding error. Melissa right. That is ironic. Exactly. On the other hand though it is going to come down to the number of people who will be losing coverage and how much the Mainstream Media globs on to that and looks for convenient sound bites. Well have to see. Melissa john, at the same time you balance bense, look at announcementments past few days. Blue crossblue shield, kansas city, pulling out of 32 counties. Does the whole thing implode by 2018, what do you think . I think there is a good chance it will implode by 2018, but republicans what in the world were they doing for last seven years . Melissa there is that. They all ran on this. They all preached about this they dont have anything on the president s desk that is meaningful. Theyre still medicaid being raided in this. Costs being passed to the states. States dont have the money to fund it. Politically unpalatable for 24 had people to lose insurance coverage. Were arguing over who pays. Were not arguing to how to fix health care. That is the problem. Melissa no way to do the math the whole thing work, without saying taxpayers have to put in a whole lot more money for obamacare, and money goes to insurance companies, i dont begrudge them, theyre providing a service but how do you sell that . You dont. Again i think politically impalatable is really good way to characterize what is coming. You have to consider it is in some of the fiscal imbalances with so many of these states who are dealing with pension issues and other big challenges and i just, i think this will be a really hard sell. To johns point, why on earth if they had all this time on their hand with a tangible, actionable plan not in place on day one when President Trump stepped into the white house. Melissa that is frustrating but we cant go back in time. David we have a salesman as president getting up to speed. The united ceo facing tough questions at the companys annual Shareholder Meeting promising he is doing all he can to focus more on customers ever since that viral video surface of a passenger violently ejected from the plane. Outside the event, group for fight for 15 claiming to represent baggage workers and cleaners were then into custody blocking traffic and refusing Police Orders to move. Messa another sca rocking va, tting health of our nations here rosier at risk. Wait until you hear details of a shocking new report. David jampacked schedule for President Trump, including a sitdown with the pope earlier. The two have been critical of each other to say the least in the past. What was discussed behind closed doors today . We have a view. Melissa im very interested to know that. More raids in the uk as Law Enforcement uncovers brand new details about the terror suspect and where he may have gotten help. Well take you live to manchester. An attack this successful it is almost always a group of individuals, a network and a person who has been trained outside of the country where the attack occurred. Predictable. The comfort in knowing where things are headed. Because as we live longer. And markets continue to rise and fall. Predictable is one thing you need in retirement to help protect what youve earned and ensure it lasts. Introducing brighthouse financial. A new company established by metlife to specialize in annuities life insurance. Talk to your advisor about a brighter financial future. Will you be ready when the moment turns romantic . Cialis for daily use treats ed and the urinary symptoms of bph. Tell your doctor about your medicines, and ask if your heart is healthy enough for sex. Do not take cialis if you take nitrates for chest pain, or adempasĀ® for pulmonary hypertension, as this may cause an unsafe drop in blood pressure. Do not drink alcohol in excess. To avoid longterm injury, get medical help right away for an erection lasting more than four hours. If you have a sudden decrease or loss of hearing or sion, or an allergic reaction, stop taking cialis and get medical help right away. Ask your doctor about cialis. Melissa another packed day for President Trump. The president meeting with belgium leaders in brussels after coming facetoface with pope francis, no relation, this morning in italy. Blake burman standing by in italy with the latest. Blake . Reporter melissa, President Trump is in brussels tonight. Tomorrow he is set to meet with european leaders there, along with those representing nato member nations. Its a gathering as you know takes on now added significance after the Manchester Bombing earlier this week when he was meeting with the belgium Prime Minister earlier today. President trump once again repeated this vow as it relates to terrorism. When you see Something Like happened two days ago, you realize how important it is to win this fight. And we will win this fight. It is a horrible situation. What took places horrible, unthinkable but we will win, 100 . Reporter now the president began his day meeting pope francis at the vat tan. Those two met cat van. And those two met for half an hour. Were told they talked about peace and curbing persecution of christians. Melissa, this wrapped up the first phase of the president s first foreign trip. Over the weekend he met with arab leaders in saudi arabia. He went to jerusalem, met with the israeli Prime Minister. Went into bethlehem met with the palestinian Prime Minister. And today headed over to the vatican to meet pope francis. As were here abroad there is pretty big domestic news as it relates to President Trump. Senior white house official telling fox that Joe Lieberman is now out of the running to become the next fbi director. It was President Trump himself just a few days ago who identified lieberman as the leading candidate. The issue here is apparently conflict of interest because the president hired Marc Kasowitz as his personal counsel digging into matters dealing with the russian investigation. Lieberman works at the same firm which kasowitz is a member. Hence they cant work side by side potentially. Melissa blake, thank you for that. David david sicily, blake gets breaking information. More on President Trumps meeting with the pope, here is pastor robert jeff press, trump Faith Campaign advisory member and fox news contributor. Were always happy to see you, pastor. Thanks for coming on. To use a southern phrase these two gentlemen had words in the past. Were you shocked as i was how well they seem to get along . No, i wasnt shocked along. I have been in meetings, i moderated a a meeting one time between President Trump and never trump religious leaders. They came in david, all prepared to give the president a piece of their mind. By the time it was over he had disarmed them. He listened to them. They were eating out of the palm of his hand wow. I wasnt surprised the at all the pope and president emerged as bffs. They were willing to turn the other cheek. David pastor, as you well know, this business channel, what intrigues us about the relationship because of the popes critique of capitalism. I understand the Catholic Churchs views on materialism. That is not the road to happiness. I get that but at the same time if you care about the poor which of course the pope does and he says he does, wouldnt you think that he would have more admiration for the best system in the World History bringing poor people out of their problems into the middle class . Thats right, david, i think we all agree the bible is not primary an economics book but it has a lot to say about saving and investing money and its true the bible never says money is the root of all evil but says the love of money is the root of all evil. David right. Frankly poor people can idolize money as much as rich people. David that is the philosophy of it, but the Economic System, there is no Economic System that has done more to lift the poor out of poverty than freemarket capitalism. I would think maybe at some point donald trump would try to, try to convince the pope of that . Well, i dont think either man convinced either, the other person of his point of view today. You know, in addition to capitalism, the most vociferious attacks from the pope against the president have been against his policies of protecting our nation through immigration policy and building the wall. David yes. The pope called that unchristian. I think the pope is a good man. I think he is just confused about the role of the church and the role of government. Yes, as christians were to be kind with those in need but government has a different responsibility. That is to protect its citizens. Glad we have a president understands that. David the pope grew up in argentina which has form of capitalism not really free market. It is crony capitalism. Yes. David lets talk about one thing they did agree on, that is the state of christians particularly in the middle east as they are being driven out, literally driven out by the muslim extremists in those countries. I imagine they came to common form on that subject . I know that is something very much on the president s heart. We talked about the plight of persecuted christians. And when it comes to syria and other christians in the middle east i think the popes remedy for us for us to bring in more refugees. I think the president understands that probably the best way to deal with persecuted christians is to eliminate the source of the persecution, which is why he is so outspoken and rightly so, against eradicating radical islamic terrorism. David pastor robert jeffress, always appreciate you coming in. Melissa Mick Mulvaney facing tough questions on capitol hill as Democratic Leaders continue to slam the president s plan. He has answer for them, doesnt he david, every single time. Brian babin, member of House Committee on transportation and infrastructure sounding off. Disrespecting our nations heroes. Why some georgia veterans are forced to fight for the American Flag. You dont mess with my flag. We should be able to put our flag out anytime we want to. Hit [ dinosaur roars ] onboard cameras and radar can detect danger all around you. Driver assist systems can pull you back into your lane, if drifting. Bye chief. Bye bobby. And will even help you brake, if necessary. It makes driving less of a production. Lease the gle 350 for 579 a month at your local mercedesbenz dealer. Mercedesbenz. The best or nothing. David breaking news out of manchester. Sixth arrest in connection with the Manchester Arena bombing. Moments ago youre looking ate r manchester area. Police confirm property is searched and a woman has been arrested. Well have more on this live from manchester in a moment. Stay tuned. Melissa budget director Mick Mulvaney and treasury secretary Steve Mnuchin testifying today over the president s budget proposal. This as the plan was slammed by democrats and some republicans who strongly opposed it. Adam shapiro is standing by in washington, d. C. With all the Details Behind how this budget battle is unfolding

© 2025 Vimarsana