Transcripts For FBC Countdown To The Closing Bell With Liz C

FBC Countdown To The Closing Bell With Liz Claman July 11, 2016

Ended after a robot, like the one were about to show you on our screen, armed with an explosive was able to kill 29yearold micah johnson. Now, while its revealed that the killer was planning to use bombs of his own, weve got the ceo of an uberhot robotics company. And here is the question, folks are we witnessing the rise of the row bow cop . Rob with ocop . And donald trump making his first comments straight from the campaign trail. Our Political Panel on how the issue will face the race just one week before the Gop Convention are. Were less than an hour to the closing bell. Lets start the countdown. Liz and the reason that page is about to be written, a couple of things here. No less than 40 stocks in the s p are hitting lifetime highs. So sharpen the pen, we are poised to rewrite the record books. The level that we need to watch, any close above 2,130. 82 is a new closing high. We stand right now at 2,140. 47, so we are well above it. Now lets show you this. A new economy and an old economy stock. These are two names out of the 40 plus that are hitting record highs. Amazon, just one day before the amazon prime day, the ecommerce high hitting an alltime high, and 3m theyre the maker of the postit notes are crashing through a ceiling at the moment. Both moving higher, both at record highs. We also should look at alcoa because it unofficially kicks off earnings season after the bell today. Analysts expecting the companies to earn nine pennies per share, but its been a tough row to hoe for alcoa because you compare that with 19 cents a year ago. Right now shares are moving higher by 2. 5 , but theyre still just 10. 07 a share. Twitter getting flogged at this hour even after announcing streaming deals with wimbledon. The stock just cannot be gain flight, down 1. 5 . Thats not exactly getting flogged, but when you look in the aggregate, this was a 70 stock a couple of years ago. Right now its 17. It got downgraded from a neutral rating to a buy, so twitter struggling here. Lets get to our team coverage. Lori rothman on the floor of the New York Stock Exchange to report on wall streets record moment. We have Rick Leventhal in dallas as the heartbroken city awaits a visit from president obama tomorrow, and blake burman live in cleveland, the city thats about to be the center of the political universe. All three standing by live. But to the bulls kicking off the week with a bang, the nasdaq cracking through the 5,000 ceiling earlier. The s p 500 hit a new intraday record. The bulls on the run, this is not just a random move. There are distinct drivers at this hour, and lori rothmans the woman whos got her finger on the racing pulse of those drivers. Reporter hi there, liz. All right, the traders telling me here a lot of folks caught on the wrong side of the trade, so theres a lot of room to make up. So thats driving the momentum here behind our rally. The numbers to watch on the s p, we are at a new intraday high right now. 2134 was the previous record, right now the s p is at 2140. 2130 is the record closing high, so well keep our eye on those levels. Another factor, traders here are really kind of happy about the transparency coming out of the u. K. As you know, theresa may emerging as the new Prime Minister. The ftse, for its part, closing back in bull market territory, 31month high for the 11month high for the londonbased Stock Market Index average there. So thats very important, transparency, calmness, a little bit more of an idea of where we go from here. Earnings, you mentioned alcoa. Our traditional kickoff of the Quarterly Earnings season tonight after the bell. The stock is up, so people are expecting good things. However, 51 slide in earnings, 11. 8 decline in revenue, thats the expectation. So the bars been lowered for alcoa, lets see if it can at least make those numbers, and wall street will be relieved, to say the least. Back to you. Liz you know what i have to say about alcoa, they disappoint us a lot, you know . The stock moves higher in advance of the earnings, and then it just doesnt happen. All right, thank you very much. We shall see, maybe this time. Lori rothman. Well, protecting our military before and after they serve is taking center stage on the campaign trail right now. Donald trump speaking moments ago in virginia beach, pledging his support to the nations vets. He promised to reform the department of Veterans Affairs which, as you know, has been a total mess. Offer incentive to those who find waste, fraud and abuse in that system and to let veterans choose whether they seek their care at the v. A. Or at a private institution. Listen. Never again will we allow a veteran to suffer or die waiting for care they so richly deserve. These are our great people. We need to clean out the corruption in government, and Hillary Clinton will never be able to do it. Shes incompetent and has proven time and time again that she doesnt have what it takes. Liz blake burman is in cleveland where the Republican National convention is happening in just one week from now. Members from the rncs Platform Committee are meeting at the moment i guess right where you are, blake. Explain whats happening. Reporter yeah, thats right. Hi there, liz. We are at the Convention Center here in downtown cleveland, just over my shoulder inside the Convention Center is where the Platform Committee, 112 republicans from all over the country, is meeting right now. The chair is the senator from wyoming, john barrasso. I spoke with him earlier today. He described it as this to me, he said this is a group that basically puts forward what they believe in, what Republican Values are, what the vision for the future is, what they feel for the country and for the republican party, and they will craft a document at the end of this twoday process and put that forward heading into the convention. Barrasso told me he met with donald trump very briefly when he was in washington, d. C. Last week, and trump, barrasso says, is pretty much keeping his hands off this process. Listen here. He said i know youre chairman of the Platform Committee. Work with the members, and im looking forward to seeing the platform. He has not really taken a handson role to shape the platform, but hes accepting of what were doing. Reporter a bit of a victory here, liz,s for donald trump this morning in the committee meetings. The Transpacific Partnership trade deal was taken off of the platform. As we know, trump has railed against tpp. That was a pretty big part of the platform in 2012, so a reversal in trumps favor so far here already today, liz. Liz well, what doesnt appear to be in trumps favor and, you know what . He really doesnt care either way. [laughter] it is interesting reporter some would say that. Liz missing in action is the governor of ohio. This could have been john kasichs big moment welcoming big Party Members reporter right. Liz he has said he will not attend. Whats the scoop youre hearing on the ground about that . Reporter yeah. John kasich gave an interview to the washington post, and kasich said as it relates to the festivities inside the quicken loans arena, which is the Convention Center next week, that hes not going to be a part of the convention. He will have a role because, as you mentioned, he is the governor. So he has to oversee the masve security presence d that whole situation here on the ground. But as it relates to trump and campaigning for him and being there inside that arena, kasich telling the post that he will not be a part of that process. Heres what he said, and i am quoting here. He said of trump and stumping for him and vouching for him here in ohio, he said, quote its not on me if he speaking of trump was to lose ohio and lose the election, people would blame me. Thats just life. Liz, kasich went on to say even though his daughters are only 16 years old, meaning they cannot vote, he doesnt even think his own kids would vote for trump. Liz . Liz big, happy family. [laughter] listen, its going to be interesting either way. And historic none theless. Blake, thank you very much. Let us shift gears here, and this has just been an unbelievable story that has captured the nations eye and heart. The fallout from the deadly dallas protests. The violence did not get tamped down after five Police Officers lost their lives. Its spread around the nation. Look at this. Hundreds of protesters arrested at demonstrations around the country from dallas to knoxville, tennessee, to baton rouge, louisiana, where a Police Officer got his teeth knocked out after getting smashed in the face with a projectile. Philadelphia, all kinds of issues. This as new details emerge about the shooter behind the deadly dallas attack on Police Officers. Not only did he have ties to extremist groups, but he was reportedly planning a much bigger attack. Bombmaking materials and journals found at the shooters home suggest he had been practicing detonations. Dallas police chief brown gave some advice, you could call it, to protesters everywhere. From a part of the solution, serve your community. Dont be a part of the problem. Were hiring. [laughter] were hiring. Get off that proprotest line and put an application in, and well put you in your neighborhood, and we will help you resolve some of the problems youre protesting about. Liz which is exactly what chief brown said he got into the business of policing for. He lived in a crackridden neighborhood, so he wanted to make his neighborhood better. Lets get to fox news Rick Leventhal whos in dallas, texas. You know, i was seeing you get your shot set up, and i saw what was behind you, the memorial. Its just heartbreaking to see for those who lost their lives. Reporter well, it is, but its also a sign of how this community is rallying around this police department, and that was, in fact, a remarkable News Conference from the chief. And weve learned quite a bit more including that the casualty count from thursday nights shooting is higher than first reported. Addition to the five officers killed thursday night, nine others were wounded. That includes four members of the Dallas Police department, three dart officers, the Rapid Transit officers, and two officers with the Dallas County community college. We also now know that 13 officers used force against the shooter, 11 firing weapons and two using explosive devices. Detectives are now reviewing 300 witness statements to see who may need to be reinterviewed, and the chief revealed some officers at the scene still havent begin statements to investigators. Were also told that micah johnson, the gunman, was wounded and wrote the initials r. B. In his own blood on the walls, but officials still arent sure what that means. Two College Students stayed in that building overnight because they were too scared to leave. The chief also says, he confirms that johnson had a large stockpile of bombmaking materials in his home, the home that he shared with his mother, but they still dont know if he planted explosive devices anywhere or if he planned to. And, liz, the chief says he is determined to insure or to confirm that johnson was, in fact, the lone gunman and did not have any help. Liz thank you very much. Rick, thank you. Its a tough story to cover, and we appreciate it. Let us know if there are any new details. Well interrupt the show if you get them. Folks, if youre left wondering how police can remain safe when theyre getting shot at by people who have these weapons, coming up who knows how many lives can be saved by this. Robocops. One was deployed in dallas to stop the shooter. Weve got the ceo of a robocop company. You will not believe what his robots can do and how departments around the nation and military as well are rushing to sign up. Hes got a big, gigantic one thats 65 pounds and a smaller one thats five pounds. They can climb stairs, and they can detonate all over the place. Were going to show you and see how it could change the face of Law Enforcement. Closing bell, 47 minutes away. Dow is up 114, Holding Record highs. Our expert traders on whether the u. S. Markets are ready to break out beyond this or retreat. The floor show straight ahead. And takedowns, haymakers, submission holds resulting anything a knockout of the deal for the ultimate fighting championship. The ufc selling for 4 billion. The deal involves a whos who of hollywood, wall street and the business elite. Ufc owners built the organization from a minor sport to a Global International brand, and the group buying the ufc led by Hollywood Talent Agency wme. Hes the william and morris coceo. Roberts providing the funding. And, heck, why not throw michael dell in there, founder of dell computers, all part of this deal. Hey, the only thing hotter is nintendo. Its pokemon go mobile game a runaway success and causing a few sprained ankles in the process. Were going to explain that in a minute. But is pokemon go the ultimate answer for the gaming giant once left in the reject heap . That story and more next on countdown. Theres a lot of places you never want to see 7. 95. [ beep ] but youll be glad to see it here. Fidelity where smarter investors will always be. If only the signs were as obvious when you trade. Fidelitys active trader pro can help you find smarter entry and exit points and can help protect your potential profits. Fidelity where smarter investors will always be. Liz tesla motors founder and ceo elon musk has a new plan for tesla. Over the weekend, musk known for dramatic rollouts released this. Its a tweet x he wrote working on top secret tesla master plan part two. Well, it was nearly ten years ago that he made the blog post that the secret master plan just between you and me part one came out. Well, that unveiled the model s and model 3 as fans and analysts await the full plan, look at teslas to stock. Jumping 4. 25 . Had a rough week last week. With a couple of situations involving its autopilot. So it look like its over that, at least for now. Tesla standing at 226. 12 a share. And move over tinder. After just two days, 24 hours, pokemon go the new Virtual Reality game made by nintendo is already on more phones than tinder, and its on its way to beating the twitter app on android phones. The game allows players to sort of hunt for virtual pokemon characters by using their phones. Think of it as sort of a pixlated scavenger hunt. But as they say, the road to hell is paved with good intentions. There have been reports of criminals using the game to rob unsuspecting users, and one user actually came across a dead body near a highway in wyoming. Now, others have tripped, spraining their ankles because they were staring at their phones walking along. But no tripping here for nintendo shares, skyrocketing 35 since the release on friday. The market cap of the company has jumped 7. 5 billion shares, but remember, this was a company that was sort of left for dead. Playstation, xbox were considered cooler, but this may be a crossover game that gets adultses and tweeps much more interested. Well, you could argue that the markets are skyrocketing higher here because there may be a new sheriff in london town. Our markets seem to like the following development u. K. Interior minister theresa may, on your screen, is apparently the last woman and man standing. Shes set to replace David Cameron as british Prime Minister when he resigns this wednesday. May, who was a remain supporter, says, you know what . I may have been remain, but i will not try to stop the u. K. From leaving the e. U. Because it is the will of the people. That made her popular, and it kind of made the british pound popular because it had a bit of a bounce on the news. Right now it is moving slightly higher against the u. S. Dollar but still at a more than 30year low at 1. 30 for a single british pound. Lets get right to the floor show, traders at the New York Stock Exchange, cme and the nymex are watching that development. Tim anderson, youre looking at records for the s p right now. The level to watch, 1832 and change. Were well above it. What would you say is the biggest driver here . Well, clearly, i think the biggest driver is still this Global Demand for yield coming from funds everywhere that arent finding any yield in japan and arent finding any yield on any liz let me interrupt, sorry. Look at the nasdaq. Standing at 5,000. That, of course, is a key psychological level, tim. Right. And that still may be 3 or 4 from an alltime high in the nasdaq. It certainly feels like the s p is going to close at an alltime high. Well have to see if the nasdaq can reinforce that later in the week, and the russell is playing a good game of catchup today with gains maybe twice what the s p and the dow have. So thats still a little bit below its alltime high also. Liz yeah. I mean, look at this, now we have the banner up. Nasdaq touches 5,000. Alan knuckman, you could argue that some of it has to do with a lessened worry out of the u. K. , because the ftse 100 has certainly fought back, and you have a slightly better pound. Thats an overstatement, still at 1. 30, but you also have a clearer path for leadership, no longer what appears to be some type of vacuum. I dont know how much that matters, but the u. S. Starts to look pretty good here. But weve got earnings season. How does that end up playing out . A lot of pieces are in play here, but the variables from britain, you know, seem to have sable the eyesed. Weve stabilized here. The Options Market is pricing about a 7 measured move, but its already had a pop up. The nasdaq still has a ways to go to make new highs, so theres still more upside, and other indicators, if you look at the vix, the vix has been cut in half in just t

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