Transcripts For FBC Countdown To The Closing Bell With Liz C

Transcripts For FBC Countdown To The Closing Bell With Liz Claman 20160317

But the balance for the power in the senate has gone the very serious in the last couple of hours. Senate minority leader harry reid seizing on the lull in the president ial campaign to roll out a strategy for socalled down the ballot candidates. Reid unveiling the strategy tying Senate Majority leader Mitch Mcconnell and House Speaker paul ryan very tightly to, quote, the party of trump. He is criticizing the gop frontrunner and then tying the entire party, even conflicted republicans who dont support donald trump to the controversial billionaire. Our Political Panel on why the gop might want to take a page out of harry reids book . And the fight over president Obamas Supreme Court nominee playing out on capitol hill at this hour as judge Merrick Garland meets with senators on both sides of the aisle. Phone calls, too. Republican senators have thrown up the blockade to stymie the judge, but is this the right way to treat a man some call the most qualified Supreme Court nominee in history . On the record host Greta Van Susteren has strong opinions about how the senate should rule on the judge. Have you got to hear how greta stands on this one. Plus Charlie Gasparino says baby buffetts week went from bad to worse. The latest on the war on coal and exclusive interview with casino billionaire sheldon adelson. Less than an hour to the closing bell. Lets start the countdown. Take a look at this. In the green for 2016. I like that. I came up with that. Its not just the beer thats green. Both the dow and the s p throughout the day have been positive for the first time this year. At one point today thanks to the fed downshifting to less aggressive Interest Rate hike. Thats what we saw. Here are the levels you need to watch. Any close above these numbers puts the indices in positive territory for the year. The dow is well above 17,425. We stand at 17,500 for the s p 2043. Straddles up, down, hugging that line. Keep an eye on that until the closing bell rings. As the markets cheer oil is helping the parade route. Crude hitting 2016 highs. Pierced the 40 a barrel level today. Look at it. It ended at 40. 20 and oil is moving, lets see, take a quick look here. Sorry. Both spoke over me. Okay. Still cant hear you. Okay, never mind about that well get to that in just a minute. Crude at 40. 20. Still just right there. Mark the calendar. Exactly one month from today, saudi arabia and nonopec members including russia will meet to control a Global Supply freeze. The rumor of this meeting has oil bearers playing the protection game. Whats interesting is most of the folks hitting lifetime highs are from the defensive, consumer and utility sectors. Philip morris, probably in portfolio. Cocacola. Kellogg, consolidated edison, those are names, up 12 . Were lining up the traders on the floors of major u. S. Exchanges. Whether they believe this rally is real or if they think its a leprechaun . Here today and disappearing under a four leaf clover. You need to look at fedex, delivering solid returns. Up nearly 11 after announcing thirdquarter earnings that beat both earnings per share and revenue estimates. Improvements in division express like absolutely, positively has to be there right now. Accounted for half of fedexs operating income. To the issue of refreshing and rebooting. Maybe a little time off for green beer. The president ial candidates gives campaigns a day off which provided Senate Democrats with the perfect opportunity to use the vacuum to their advantage. In a fiery speech, minority leader harry reid spoke at the center for American Progress action fund, he focused solely on swinging the senate back to blue. Of the seats up for grabs. 24 republicans running for reelection, but 7 of those are in states, look at the map, that president obama has won twice including florida and ohio. Democrats only need five more seats for a majority. Senator reid hoping to tie gop leaders to the rise of trump, blaming their antics for fracturing the gop this badly. Listen. For too long, senator mcconnell and speaker ryan have tried to have it both ways, giving trump occasionally a slap on the wrist each time he says something detestable but committing to support him at the end of the day. Precisely the moral cowardice that enabled the rise of trump. Liz lets bring in a democratic strategist and a columnist and fox news contributor. With us now on the party of trump bumper sticker, gentlemen, that harry reid is working to slap on every republicanss car bumper, on their foreheads. Deroy. Its really your party here. You can dislike harry reid, you can disagree with him, but senator reid probably did exactly what republicans would do if they were in a position . I cant blame him. The really challenge for republicans is whether or not trump steps up and becomes president ial, watch his incredibly inflammatory rhetoric, if he can cool it andt may not be a problem. If it takes forever to denounce the kkk, saying if i dont get my way, there will be riots. If that goes on every day, harry reid will say do you agree with trump or not and try to divide the party. Some senators say they will not support trump. It would be difficult to get people in line, you will have the party fractured and all different directions. Liz joe, there are conflicted republicans who like ted cruz or john kasich or unhappy that jeb bush isnt in the race anymore. They dont like donald trump, but its still to play out whether they will all back up donald trump as the Party Candidate if thats how it goes down. Will senator reids theory, will his strategy work . Absolutely it will. And this is a common strategy, weve seen this play out many years. If you remember in 2010 and 2014 despite the fact that president obama wasnt on the ballot, republicans tied congressional leadership and congressional members to the president. Top of the ticket drives. Whoever is on the top of the ticket is the standard bearer of the party. Congratulations gop, you won yourself a donald trump. Donald trump is now the standard bearer. Yeah, you have to come out as a republican, and vehemently oppose your leader that voters are selecting and then try to stand up and run for reelection on by yourself, i dont think they can do it. Liz that puts leaders in a very difficult position, deroy. Guess what . The will of the people. The will of the people, a large enough group when it comes to republicans, like donald trump. He doesnt have the delegates nor does anybody else but certainly is in the lead. You dont want your Party Leaders to appear to be finagling and moving things, right . The more you move towards trump, you upset the establishment. The more you move away you upset people in the party. I heard Something Interesting by frank lentz. Liz the pollster . Yes. What they may do is vote for trump for president and vote democrat for u. S. Senate and u. S. House, you may find trump perhaps winning the white house while losing congress, potentially. Liz just as donald trump, joe, might bring in democrats, Hillary Clinton might be bringing in centrist republicans. Not many of those. Definitely sounds like it, right . Especially the elected officials who keep saying i cant support donald trump, i cant do this or that. You sit the race out . Were looking for real leadership in this town. Real leadership means you have to stand against your party, be your own man or woman and make your voice heard. Republicans need to start stepping up. I hate saying this as a democrat, right . But this is what theyve got to do. Unfortunately what that does is causes cracks in the foundations of Everything Else they say. Do you remember the pledge, the very first debate, the pledge that everyone was forced to raise their hand. Liz that i will support the republican candidate. Exactly. Now are we regretting that question . Liz well, joe, i guess the same idea on the republican side. Under what circumstances do ted cruz or john kasich, deroy, have the nomination instead of trump . I suppose you could have this contested convention situation, but again, if it just is a matter of they dont have the number of votes, trump loses on the first ballot. They have fantastic speeches, open vote and trump loses. If it looks like a back room deal, he and supporters are going to freak out. At best they stay home. At worst they take it to the streets and could be a completely volatile situation. Liz we could put up the delegate numbers and who has what on both sides here. Joe, we have trump with 673. Cruz is next closest with 411. John kasich, 143. To the democrats, hillary is well ahead of Bernie Sanders, and now you actually even have a top obama fundraiser and democratic strategist calling for Bernie Sanders to drop out so they can coalesce behind hillary. That almost puts us on the when you talk about us as voters, that puts voters overall on both sides with the same conundrum. Yeah, except on our side, we dont have the foundational issues that the gop have right now. I was a bernie supporter, i voted in virginia for bernie. Like both candidates equally. I know hillary is listening to them, if you listened to her messages are she is using similar language. Its because we are arguing on our side over nuances, small differences. Reduced college versus free college, setting longterm goals that our party can believe in versus shortterm realistic goals to get there. It works well together. The enthusiasm is were happy with either one of the candidates in the end and support them. Deep divide, really deep divide. Look at kasich and trump, nothing similar about the two men. Liz im not sure that Bernie Sanders voters are going to be interested in jumping on hillarys bandwagon, and on top of this, there are more developments in the email scandal and we have a new show on fox business thats going to be airing on friday nights, called wall street week. Were thrilled to have them. But first show is this friday, and general petraeus is one of the first guests. He too was in a situation where he shared what was top secret information, and we had the wall street week folks ask him specifically how he feels regarding the Hillary Clinton situation. Listen, joe, you may be interested to hear what he said. I think shes being treated fairly, and i think that there are people that are critics who will claim otherwise. There are supporters who will claim otherwise. Both sides are given fantastical conspiracy theories, the treatment has been fair and well see how this plays out. Liz general, deroy says he thinks its proceeding fairly. You disagree with general petraeus . I do. The total number of classified emails on the server, 2115. Thats 99 more number than there were years between christs birth and now. Thats a huge number. Liz that was interesting. Unbelievable. 2115 classified emails on hillarys server. You cant say this is an administrative gaffe. This is a deliberative effort, and she ought to be arrested for it. Liz i hear joe chuckling there. We do have to go. Weve got a lot of news here. I dont get on respond to that . Next time, next time. Liz i get it. Well bring you back. So much breaking news and the markets are in the green. As a Business Network we got to go with that. Joe, great to have you, deroy, a pleasure. Fox business is your source for all your 2016 race results. Neil cavuto gets things started tuesday night we have it again the primaries and returns from idaho, utah, and arizona, and be sure to watch the premiere, as i mentioned of wall street week friday 8 00 p. M. Eastern as Anthony Scaramucci brings the show back to life right here at its new home on fox business. Closing bell ringing in 45 minutes. Lots of green on the dow 30 starting with General Electric and boeing, in honor of st. Patricks day, green on the screen. And seaworld making a splash after announcing its going to phase out the killer whale theatrical program, bowing to years of pressure from Animal Rights groups that hurt its stock. It will stop the killer whale Breeding Program as well. But guess what . Investors like the news. Stock is jumping 8 at this hour. Seaworld looking higher. Up next, from the whales we go swimming with the sharks. Floor show traders tell us whats driving whats on your screen. A gain of 170 points for the dow one day after the Federal Reserve chair said rates are staying the same. Not moving. The floor show next on countdown. Its intelligent drive is msystems. Ng. Paradigmshifting. Its technologyfilled cabin. Jawdropping. Its performance. Breathtaking. Its selfparking. And selfbraking. Showstopping. The allnew glc. Mercedesbenz resets the bar for the luxury suv. Starting at 38,950. This just got interesting. So why pause to take a pill . And why stop to find a bathroom . Cialis for daily use, is the only daily tablet approved to treat erectile dysfunction so you can be Ready Anytime the moment is right. Plus cialis treats the frustrating urinary symptoms of bph, like needing to go frequently, day or night. Tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. Do not take cialis if you take nitrates for chest pain, or adempas for pulmonary hypertension, as it may cause an unsafe drop in blood pressure. Do not drink alcohol in excess. Side effects may include headache, upset stomach, delayed backache or muscle ache. To avoid longterm injury, get medical help right away for an erection lasting more than four hours. If you have any sudden decrease or loss in hearing or vision, or any symptoms of an allergic reaction, stop taking cialis and get medical help right away. Ask your doctor about cialis for daily use. Insurance coverage has expanded nationally and you may now be covered. Contact your health plan for the latest information. And you may now be covered. Perfect driving record. Perfect. No tickets. No accidents. That is until one of you clips a food truck, ruining your perfect record. Yup. Now, you would think your Insurance Company would cut you some slack, right . No. Your insurance rates go through the roof. Your perfect record doesnt get you anything. Anything. Perfect for drivers with accident forgiveness, Liberty Mutual wont raise your rates due to your first accident. And if you do have an accident, our claim centers are available to assist you 24 7. For a free quote, call Liberty Mutual at switch to Liberty Mutual and you could save up to 509 call today at see Car Insurance in a whole new light. Liberty mutual insurance. Liz we were thinking you could call that the luck of the irish or the markets version of march madness. All three major indices are positive for the day. There may be gaggles of people wearing green throughout your town, but for the markets, the dow has gone from red to green for 2016. How are the experts making their own pots ofgold and from today on. Joining me, traders on the floor show, ben willis, great to have you back especially on a day like today where were wearing the green here. What do you attribute this to . The fed slammed foot on the brakes and said we will have two increases versus four . That was the motivation to get the money off the sidelines, the bigger function of the war on currencies that are fought that we thought were settled down. The United States is the first one to back out of the war and let rates rise. Dollar rose too fast and the rest of the participants didnt play along. We are forced to tap the brakes to slow down the momentum of the dollar. Thats had a major impact on the commodities. Those smart investors or traders that covered shorts on the energy side is a smart trade at this point. So youve had the momentum of that carrying the rest of the market higher with relatively new leadership in the materials group. The industrials and the consumer side of the equation driving particularly the Dow Jones Industrial average, the russell has been somewhat separated because of its weight of some of the energy stocks. That got a little reprieve. Liz i get it. But the money flows without a doubt going into the consumer sector, my friends at etf global will give you the research on. Its very important, good read and gave us great indication where were headed. Liz okay, i think you gave us the econ101 for whats going on in the markets today, professor willis. And new to joe, the philly fed index printed positively for the first time in i think seven months or Something Like that. Job openings at six month highs. Not bad data points, the markets sharing here, where are the money flows that you see in chicago right now . Were watching the money flows continue to move into the commodity spaces ben was alluding to. Liz which commodity . Soft, hard, oil, metals . Universally. Today is incredible. Ive been talking directly to clients about gold and also crude, and especially crude when it got into the 37, 36 1 2 range, thats when we started nibbling, building positions this week. Liz good call. Liz, i will tell you the indicators, im a little suspect. The leading indicators arent as bullish as what you saw with the philly fed and dont like the claims data that came out today. While the market really is basically saying the fed is not going to look at whats going on in the states right now. Theyre looking at europe, at asia and saying thats going to dictate our policy and with now only a 37 probability of them raising rates in the next meeting in june, hey, the bulls right now have what we would call another qe stimulus but now global. Liz look, heres the philly fed, i know what you mean about the jobless numbers, jobless claims gave up 7,000, still below 300,000 for 64 weeks. Thats a good number since 1973. To mr. Jeff grossman, maybe this is the reason, we mentioned the fed and 50,000 other things. We have a 40 a barrel print. Weaker dollar, april 17th meeting of 15

© 2025 Vimarsana