Transcripts For FBC Countdown To The Closing Bell With Liz C

FBC Countdown To The Closing Bell With Liz Claman May 5, 2016

The highs of the session, massive out of control wildfire spreads. This is in albert a. 88,000 people. An entire town now being ordered to evacuate. The fire shutting Oil Production in the heart of energy country, putting a halt to roughly 16 of canadas crude Oil Production. We have details breaking in just a minute. Bernie Sanders Campaign still on fire after tuesday nights win in indiana. Youre looking at live pictures from the sanders rally. This is charleston, West Virginia. He is in the heart of coal country. Trying to win next tuesdays primary in the mountaineer state. He might not have too much of a problem considering Hillary Clintons stumbled in her comments on coal. While bernie challenges Hillary Clinton on her with coal comments, shes busy on turning the tables with donald trump using former gop president ial candidates to attack him. Has the general election been joined . Former republican president ial candidate and former governor jim gilmore with us live. He debated trump as a competitor, will he now vote for trump inspect all of that plus elon musk makes a wild promise about tesla delivers and the stock is moving maybe not the way he thought. Does the market believe it . Charlie breaks it and the endorsement for one Small Business that went from shark tank reject to one of the hottest startups in history. Less than an hour to the closing bell. Lets ring the countdown. Liz weve got breaking news at this hour. We have new and major evacuations right now due to this raging wildfire in Canadas Energy hart land. Near fort mcmurray, in the province of albert a. Were about to hit ou 90,000 people who are being forced to evacuate from the region. Some 1,600 homes have been destroyed. 1,100 firefighters on the scene. The massive inferno has grown to five times its initial size and albert aofficials say the military is now conducting basic wildfire training. They have not been called in yet. We need to stress that. Not been called in until other firefighter resources have been exhausted but it seems the 1,100 firefighters may soon be the case. Pipelines in the area and Oil Production in the area have shut down. 46,000 barrels of crude offline. Affecting the global price of oil. Oil settle at 44. 22, we are slightly below it in electronic trading but spiked about 2 this morning. Had remained pretty high. Theres word that this fire could shut down huge swabs of the electrical grid in the region. We should also if we can check conocophillips, evacuating a small oil project. So phillips is down about a half a percent. Weve got the only mover, chevron up half a percent. But marathon, murphy down on a big story here right now. While there have been no casualties reported so far due to the fire, and we have dry and windy weather conditions. Those are fueling the fire expansion. So i want to bring in jeff. If we can keep some of the pictures up, folks, because, jeff, west texas crude here and overseas spiked. What are traders anticipating if what we see on the screen continues to spiral further out of control . Well, again, theres no question that it gives a reason for the upside here. But remember, this is very small amount of oil in the global picture here. So, again, its reason for pause. No question about it. Gives us a little bit to the upside. But as you saw in the course of the day, it couldnt sustain the market really. Still very well supplied market. Its still in an upwards swing. Im not even going to talk the downside here. Liz right . But, again, the market is heal the 2 was a bit much initially. That was a kneejerk reaction in the morning. Liz yeah, because we do have oversupply. I think thats a very important dimension. There are libya aside from this fire. But look at this fire. When you see whats going on here, canada has been a big exporter of oil. So you cant discount that if this thing continues to spread, we could continue to see this price move higher in oil; right . No question about it. But its very hard to quantify that right now. Again, we see how long it goes. Well see exactly how again, you know, usually that amount of oil can be compensated for and certainly there are many people willing to jump in and fill that gap. Theres no region for a shortage or anything like that to come into play. But it could moderate prices and keep a little upward buoyance to this market. Liz weve got a tiny bit of upward buoyance 44. 26 cents for oil. Thank you to politics and then there were three. Youre looking at bernie Sanders Campaigning in charleston, West Virginia, capitalizing on the extreme disadvantage Hillary Clinton, at least in the near term, has in the state. After having said she would close down oil companies. She did walk those comments back. But too late because sanders is up by eight points now in the latest poll. But clintons got her eye farther down the road here. Beyond bernie central. She released an ad this morning which strings together some of the gops past verbal swipe about their new presumptive nominee. Now, lets get to the polls. But we need to stress these polls were taken before governor kasich and senator cruz exited the race. The latest headtohead matchup between donald trump and both the Democratic Candidates has donald trump trailing still by double digits. Interestingly sanders is far out ahead versus clinton. But both of them still beat donald trump. Will trump be able to unite the Republican Party to bring this around . Lets bring in mercedes and jeff. Great to have you both. Both trump and shrill very high unfavorables. What does he need to do to change that in case hes facing off against her, which is what it looks like right now. Mercedes. Well, i feel as if hes already to take the steps that he needs. One is uniting with the rnc, Republican National committee. As well as continuing to court the gop establishment. We know, for example, that several senators, portman, have come out. They havent endorsed him but theyre saying theyre going to support him. Even mitch mcconnell. I mean this has been a very long and painful and bloody path that weve gone on. But i think for donald trump look, i think hes going to have a hard time even getting the never near trump votes. Theyre not going to go there, theyre not going to maybe trump. But there are the people whorls its the only option of hillary or trump, and they just dont want hillary. Liz well, jessica, when is he going to know against whom hes running . Because i say this, and it looks like right now Bernie Sanders is going to win West Virginia, going to win in nebraska, not that he mathematically has any path Going Forward to be the nominee on the democratic side. But at what point does she really start to have hart palpitations over whats going on here . I dont know that that is actually going to happen. And you hit the nail on the head. Mathematically he really doesnt have a path. Liz right . And even in the best case scenario, his numbers wont get him there before the convention. I dont think a lot of the super delegates will be swayed, which what he would need to do in order to have the nomination. And, you know but i dont see it as a problem. And i dont think that other democrats do particularly weve seen that with all of the, you know, exit polling thats gone on. People feel that bernie being in the race has energized democrats. It has brought a lot of discussion up. And it has kept the policy discussion going in a positive way. There have been a few little barbs back and forth but really been a clear fight. And one in which weve seen there were concerns that it would be hillary walking through. She hasnt done that. Liz its amazing that Bernie Sanders and for anything else he is consistent he said he would not go after her on the email scandal even as it ramps up, mercedes. I know. Liz he has remained above it. Of course now, you have goos goosefer. I love the name. The hacker whos in prison in virginia who was saying if you can believe them, because maybe we cant. Hey, i hacked hillarys server. It wasnt much interesting, but i was in and out of there a couple of times. And yet when her own opponent go after her, obviously this is red meat for donald trump. Im sure donald trump will take advantage of this. With that being said, this hacker story, it adds another element to this narrative that she cant seem to get away from, which is with the private email server, with the fact that shes not trustworthy, with the fact that there was classified emails. Liz so, jessica this could become a bigger story. You know shes being trained or prepared for those attacks if not Bernie Sanders, donald trump. What shes going to say . Hell use the c word, criminal. Yeah. Theres no criminal charges that have been brought against her. Not yet. And i think certainly not yet. But this is sort of similar thing that shes gone through for the last 25 years, going back to whitewater and all of these other things. Shes been through this before. And i think shell, you know, come out the other side, you know, clean as a whistle as well. It does damage neither she nor trump and this is the first time well, trump doesnt have an fbi investigation. Trump does not have an fbi investigation going on. No. Just an irs investigation on his taxes. So, you know, just being audit. Liz its its worse when it comes from a criminal perspective. Liz its so amazing that these conversations are even being has had. But i was reading a history book about 1911 and the democratic convention, and, boy, i think they had Something Like 14 votes. It was crazy. Politics. This is why were in it; right . Good to see both of you. Jessica and mercedes. Thank you. Liz our pleasure. Thank you so much. We appreciate if. By the way, money is at the crux right now. The major factor in the run for the white house. Always. But it is becoming even more important once youre the presumptive nominee. Donald trump announcing he will no longer self finance his campaign, but he could have trouble finding wealthy republicans who are willing to give up the cash to help him. You just heard mercedes say it would be very hard because theres scorched earth there. Charlie gasparino with exclusives here. Yeah. Weve been talking to fundraiser all day and we hear its not that easy to donald turn on a dime go from a self funded campaign. 35million spent, about 40 something, 45. He got some small donations, and he didnt actively fundraise. People gave him the money. But its going to be difficult for people to do that. Number one he doesnt have a Campaign Fundraising infrastructure. Hillary clinton or lets put it this way. Jeb bush if he were elected, nominated the gop nomination, he would have 1,500 people on the ground right now raising money. Liz big bucks. Hillary clinton has that type of infrastructure. Donald trump just hired because he did his 180 last night, even though we knew we were signaling it on your show in particular yesterday that he was likely to go this route. He would have to raise money, he just last night hired a finance chairman. Who, by the way, i believe has given money to Hillary Clinton in the past. Donald has. I dont know the gentlemans name, when i heard he was with a hedge fund. Liz thats that guilty guy dont get him mixed up. But we understand heres what the general consensus is. Between not having the infrastructure and the fact that hes, like, attacked these guys. That was part of the campaign. Hes going to have a difficult time so a lot of people saying donald is going to have to reach into his wallet and spend Something Like 500 million because it takes a billion. So this is a very difficult thing. Were going to see how it happens. And its an uphill battle. Liz okay. You should talk about herbal life, by the way. Liz yeah. Lets talk about herbal life. What do you think happens here . Okay. Going to tell you two things. The company is in a lock down period until the earnings come out, i think its at 4 15 eastern time. Theyre going to have a Conference Call tonight at 5 30. But heres what i hear, and heres what i think is going to happen at this call. Wall street analysts say they expect herbal life ftc i misstated it on twitter. I said fda. That would be another investigation. I dont think theyre involved in with the fda. Its the ftc investigation into the herbal life business model. They are saying that thing is concluding what im hearing. Liz yeah, look at the stock, charlie. Flat at this very second. And i want to tell you something. Theyre saying that they expect an update, an update on whats going on with the ftc and herbal life. Liz whether its a pyramid scheme. The business model. Which says its an illegal pyramid scheme. Liz we could have a wild swing. Charlie brady, our brilliant stats guy said we could have a huge move on this. Two points, i just want to say it. The company isnt saying anything. My government sources saying the ftc is concluding this investigation. This thing is almost over after two years since basically started the attacks, saying it was an illegal pyramid scheme. Citizen the stock down lower, higher, depending on investors. So the company, they say my government sources saying its concluding. Wall street analysts, expect the company to give us some sort of update on this during earnings. So be prepared for a potential wild swing in the stock. Liz we were close. Steven muchin. Im screwing up names all day. On twitter, i said fda, and i got these guys saying, oh, are they under investigation by the fda too . Liz f tc. First at 6 00. Correct at 11 00. Yeah. Thats right. Liz yeah, local news. Thats us; right . Much more on the 2016 race later with former 2016 president ial candidate and former governor of virginia, jim gilmore. Whats he going to do . Vote for trump or not . The dow is down 18 points. We have a fed head weighing in. Wait until you hear what he says about rate hikes coming up in june. Liz the portfolios of Weight Watchers today, saying it expects profits to rise the rest of the year. The media mogul bought 10 of the company back in the fall. Weight watchers up about 3 right now. But up 80 since oprahs october surprise. And could we also have a big surprise when the april jobs report comes out tomorrow at 8 30 a. M. Eastern . Is wall street ready . What to expect and how the traders are gaming it. Were heading to the floor show next on countdown. Dont move thank you. Ordering chinese food is a very predictable experience. I order b14. I get b14. No surprises. Buying business internet, on the other hand, can be a roller coaster White Knuckle thrill ride. Youre promised one speed. But do you consistently get it . You do with comcast business. Its reliable. Just like kung pao fish. Thank you, ping. Reliably fast internet starts at 59. 95 a month. Comcast business. Built for business. When a moment turns romantic why pause to take a pill . Or stop to find a bathroom . Cialis for daily use is approved to treat both erectile dysfunction and the 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 and a 200 savings card. singing you wouldnt haul a load without checking your clearance. So why would you invest without checking brokercheck . Check your broker with brokercheck. E. T. Phone home. When you find something you love, you can never get enough of it. Change the way you experience tv with xfinity x1. Shoah, ha ha. Ew artist. Show me top male artist. My whole belieber fan group. Its not a competition, but if it was i won. Xfinity x1 lets you access the greatest library of Billboard Music awards moments, simply by using your voice. The Billboard Music awards, live sunday may 22nd, 8 5 pacific, only on abc. Liz dead pool giving life to 21st century fox fbn Parent Company beating on both the top and bottom lines. Do euro part to the rrated and this is what was significant about deadpool. Rrated superhero Movies Box Office success. Another marvel main stage hitting theaters tomorrow, captain America Civil War already a blockbuster hit overseas. Poised for a huge Opening Weekend here at home. I saw it last night at imax. I loved it. Glad spidey had a cameo. Although i must say i am missing the incredible hulk big time. Yeah, they have a big thing where all the super here heroes face off against each other. My son called it the epic theme. No spoilers i was just yelled at. There was a movie genre even the super heroes cant beat. Tells us where the Box Office Gold really is when he joins me exclusively on countdown to the closing bell tomorrow. Dont miss it. Imax stock, by the way, up threequarters of a percent right now. Do we have a rate hike on the near hoarine of . Fed president jim bullard saying weak growth prevented him from a fed hike in april and while all the options are still on the table for a june hike, hes saying hes not ready to commit to that. Its a story weve kind of heard for a quite a while. I have tomorrows employment report. The jobs report. Are there any economic positives that might convince the for the record raise rates next month . Lets get right to the floor show. Do we even care what the number is . I mean obviously americans care. But traders are looking for a move where they can actually catch a swing here; correct . Yeah. Thats right. I think were definitely into a range here on the equity side of things. And people are not going to really car

© 2025 Vimarsana