Transcripts For FBC Countdown To The Closing Bell With Liz C

FBC Countdown To The Closing Bell With Liz Claman August 1, 2016

In omaha, nebraska. Clinton getting buddy buddy with the billionaire class. Continuing to critique wall street, a fox business exclusive, jane cleave is the Incoming Democratic party chair in nebraska, a state thats gone red for years. Why is hillary fighting so hard . For one single electoral vote. Thats what president obama got and hillary is trying to get that now. Plus cape canaveral, we have a problem here, here as in florida. The cdc says fear the mosquitoes and dont go miami if you plan to have a baby, man or woman. Dr. Anthony fauci, the director of the National Institute of allergy and Infectious Disease on the frightening new details of the zika virus and whether 14 new cases in florida make us close to seeing a crisis. On wall street, the first trading day of the month on typically the worst trading month of the year, oil weighs on the markets, dipping into bear market territory. Below 40 a barrel with the Dow Jones Industrials down 35 points. Why is the nasdaq charging right up to annual highs. Less than an hour to the closing bell. Lets start the countdown. Liz we need to get you this. Goldman sachs has issued a warning about stocks. Advising clients to avoid equities for the next three months. To go underweight. Its the first day of august as we mentioned which has been the worst performing month for the market for the last 20 years. Why is the nasdaq hitting 52week highs and the s p not far from a lifetime close . Is it all gloom and doom . Were going to break it down with the floor show in just a minute. Tesla, the electrical carmaker will purchase solarcity for 2. 6 billion. This deal is all part of Tesla Ceo Elon musks big plan. Hes a big thinker, thinking about way on in the future. He wants to make tesla the one stop energy stop, soup to nuts. The deal is 200 million less than first expected. Shares of both companies lower. Tesla down about 4 bucks. Solarcity down 2 or 8 . How do you say truce in mandarin . Uber selling china operations to rival. While ubser profitable in the u. S. , that china market has been a problem for them. Uber has seen billions in losses because china makes it very difficult for Technology Companies to do well there, especially if theyre in competition with Chinese Companies doing the same thing. The move could be a step for the company to issue an initial public offering. With less than 100 days to the election, the clash of the billionaires ramping up. The oracle of omaha throwing hat into the mix. Warren buffett hoping to give a boost while introducing Hillary Clinton at an event in heavily republican nebraska in less than two hours. This after fellow billionaire Mike Bloomberg offered hillary endorsement at dnc. Lets be honest, he said hillary has her own problems but cant stand donald trump for the reason he articulated at the Democratic National convention, and mark cuban delivering billionaire beatdown on trump over the weekend. Leadership is not yelling and screaming and intimidating. You know what we call a person like that in the screamers, the yellers, the people who try to intimidate you. You know what we call a person like that in pittsburgh . A jagoff. Is there any bigger jagoff than donald trump . Liz not so fast since donald trump has his own stash of billionaire backers including petre thiel, wilbur ross, Sheldon Adelson and oil man harold hamm. Charles koch who has often gone republican says count me out. Refusing to endorse gop president ial nominee donald trump and saying im not voting for Hillary Clinton either. Who comes out on top, and which billionaire endorsement influences voters the most or at all . Our next guest is the incoming chair of the nebraska Democratic Party, jane cleave, joining us in a fox business exclusive. Jane, welcome to the show. Look, nebraska has more billionaires, it is also an agricultural state. Blue collar, you could argue. How much does buffetts bump matter here . Seen as a hero not only in nebraska but nationwide. And not only for democrats but moderate republicans and conservatives as well. Seen him invest in energy so it means a lot hes going to be introducing secretary clinton today. Liz he doesnt get liked by a lot of people who feel his tax ideas which are making the wealthy pay more, tend to be negative for businesses, but let me get to this, nebraska is an interesting state. It has gone red year after year after year, dems have not campaigned in the state during the general election since fdr. Thats a long time. What can hillary get from this beyond one electoral vote. In nebraska, if im correct, the electoral votes pretty much go per community, right . Per different areas. Theres only two states in the nation that do the splitting of electoral votes, nebraska and maine. President obama got the omaha district, which is a progressive district, split 5050 between dems and republicans when you figure out where the independents are leaning. Secretary clinton is going for that. We stocked the Keystone Pipeline, abolished the death penalty. Gave dreamers a license. While we look red on the surface, there is independent and populist streak throughout the state. Liz with all of the things you articulated, you have a republican governor, we have hard money all the time. He is one of our favorites. Your unemployment rate, with all that you articulated, is much lower than the national average. 3 . Nebraska is an interesting state. You can prove that certain left leaning ideas with Pete Ricketts ideas, not do such property taxes that are onerous, et cetera, really tend to work. When you hear bud singhorse says Hillary Clinton is, quote, wasting her time and money in nebraska, what say you . Lets be honest, right . Secretary clinton would not be coming here if they didnt think they could get the electoral vote. And any states that the president ial nominees go after, after the convention are the most critical swing states and very important states to them. I think the Republican Party is comfortable in their role, and facing a huge scandal thats rocking the Republican Party and our state. One of the senators had cybersex on a state issued laptop, theyre facing a lot of problems, were happy going after the little blue dot on the prairie. Liz the little blue dot on the prairie. I have to ask you, you were known as the keystone killer, you led the fight against making sure that Keystone Pipeline did not get approved. Hillary clinton has been accused of flipflopping her position on keystone. What do you say to people who said why not let it work . Because you had the previous governor coming out and saying initially, and he was a republican too, we dont like the keystone, it could hurt the water table and once they rerouted it, that was satisfactory to him, and those were jobs that could have been created. Well the previous governor said he was against the Keystone Pipeline if it crossed the sand hills, even when they rerouted it, the pipeline crossed the sand hills. We were against it for the sand hills and the water, we didnt like a Foreign Corporation from canada could take American Land through Eminent Domain for a pipeline that did not carry nebraska oil and we were not getting oil off the pipeline. Liz canada say great friend, dont you think . They sure are. When you talk about this, it essentially starts to open up the risky door, any Foreign Corporation can come into america and tell any land donor, you dont want the pipeline, its not going to serve you, were going to take your land for Eminent Domain. That did not sit well with farmers and ranchers. Liz quick prediction, she gets the electoral vote . She gets it and representative ashford and the district gets elected as well. Liz jane is with the nebraska Democratic Party and the incoming chair. Fair and balanced. Live pictures of republican president ial nominee donald trump stumping in columbus, ohio. We expect him in moments to get up to that podium and to speak. You can see that the crowd is pretty full. In fact, its probably standing room only as it has been time after time. Lot of people want to hear what donald trump has to say and whether he will address the back and forth with khzir khan, his son died and the rest lived. The brouhaha escalated considerably in the past hour. President obama comdemned the comments in atlanta, georgia to a speech to veterans. Heres some of what he said. Commander in chief, im tired of people trash talking americas military and troops. Made a sacrifice most of us cannot begin to imagine. They represent the very best of our country. Liz and im hearing breaking news that the shot that you had just seen of donald trump is pretty much a shot of him just walking in and saying there is only standing room, and that there are apparently thousands of people outside trying to get in, quote, due to political reasons. Well get the sound for you in just a minute. No doubt, they want to hear what he has to say about the situation. Let me bring in mercedes schlapp, a republican strategist, fox news contributor. Chris hahn, syndicated radio host and former aide to senator chuck schumer. Were on the news. The captain khan story exploded. At first people thought it would calm down a little bit, but donald trump kept attacking and the family came out and countercommented. Mercedes, who is in charge of Donald Trumps campaign . I ask that because this is not a great thing to take on the parents of a serviceman who gave his life for this country. I agree with you. And donald trump felt he had a right to respond back to mr. Khan. However, one of the lessons that you learn in politics is that when youre dealing with those who have given their ultimate sacrifice. Given lives for our country, its a matter of respect. And mr. Khan obviously gave a very emotional speech at dnc along with his wife, and i think its one of those areas that you kind of have to let it be. And its interesting, when Patricia Smith who is the mother, whose son died in benghazi spoke at the rnc, i remember Chris Matthews from msnbc saying she ruined the gop convention, and i dont feel for that woman, and Hillary Clinton calls her, basic leads she was a liar. No. Interesting how the double standards play. Trump has escalated this, and you got to step back. I would have hoped and very disappointed that really trump and the campaign should have just stepped down. Mercedes liz chris, chris, one second. Aside from everybody jumping in right and left over all of this, let me focus on republicans. Of course you would expect democrats to criticize trump on this. Senators came out in full force. Senator ron johnson, senator rob portman of ohio. Senator pat tumi who said the khan family deserves our gratitude and honor, anything else and inappropriate. John mccains quote, can we put it up, trump doesnt get unfetterred license to defame those who are among the best of us, and now the vfw which has 1. 7 million members and just last tuesday trump spoke before the National Convention and gave a standing ovation is blasting them. Heres what they say. Can we put it up . Chris, now what . What does donald trump got to do come out here now . Only one thing he can do, and hes been so far unwilling to do it. That is say hes sorry this is a person who lost their son in service of our country, there is no better thing that you could do for your fellow citizen than but to give your life for their freedom. And these people have pain, and i completely disagree with what mercedes said about what hillary said about pat smith. She honored pat smiths son and recognized pat smiths pain. Donald trump has done nothing. In fact, he keeps going on and on and on. It proves he failed the commander in chief test, and hes not really the right mind frame to be president of the united states, and it is shocking how bad hes been at responding. Liz mercedes, look, i ask you because this has blown up. He could have spent the entire weekend friday. We said this before the whole situation, talk about the weak gdp. 1. 2 . Instead, hes tweeting and tweeting against the father of this fallen soldier who saved the lives of so many. Thats his biggest obstacle. Inability to stay on message. Right. You were talking about the economy for instance. Chris is right, giving an apology is the right approach. Its interesting because his campaign did issue a statement basically talk about captain khans Heroic Service and offering condoleens to the family, but it didnt work. That should have been the first thing that came out of his mouth. It created the opportunity, and it was again, such a disappointment to see that he just didnt stand up to the plate and be like, look, we totally understand, this is so hard for the family. Liz quickly, chris. The campaign has been doing what campaigns do, issuing statements. And the candidate goes on this week and screws up the apology. He really just needs to stop, say hes sorry and move on. But i think hes damaged so much. John mccains comment, john mccain is in a tough primary battle from the right. For him to come out and say this today, that speaks volumes. Others are in swing states where they need to be critical. John mccain needs to be supported, thats shocking. Liz mercedes, chris, thank you, well keep an eye on this, and, of course, when donald trump begins to speak, but we have the sound bite from him. Well get that for you right after the break. Dont go away. Tune in tomorrow for stuart varneys interview with donald trump. Varney co. Airs 9 00 a. M. Eastern. Were coming right back. [announcer] is it a force of na . Or a sales event . The summer of audi sales event is here. Get up to a 5,000 bonus on select audi models. Liz this is donald trump and this is a live picture in the Greater Columbus convention center, and can you see him walking up to the stage right now. This is a live picture of donald trump. Lets see what were going to do is monitor this. He had complained there were thousands of people outside who were let me clarify. He says they were being prevented from coming in due to political reasons. Lets listen in. They turned away thousands of people. Look at the size of this place. They turned away thousands, they were given orders that no more than a thousand people. Now Hillary Clinton, i have a picture here, which is pretty sad [laughter] she had, last week or couple of days ago, look at this, totally empty. [ cheers ] is the mayor a democrat . Is he a democrat over here . Thats what i heard. He ought to be ashamed of himself. They turned away thousands of people. But that makes it better for you, right . [cheers] its very sad. You know, shouldnt be so much about politics, folks, well, were going to do a town hall, were going to be talking about questions and this and that. Ill say a few words. Outside, i met two gentlemen from piketon who really were misrepresented very badly, very badly by president obama, and theyre going to come up. Come on up, fellas. I just met them. Come on up. [cheers] because were going to bring back our jobs. Were not going to let our jobs go to mexico and all the other countries. Were going to renegotiate the horrible nafta deal which is maybe the worst deal ever made from an Economic Development standpoint. Im not talking about just this country, im talking about the world. Were going to bring back our jobs. And were also. Were alsoing about it to stop radical islamic terrorism. Were not letting the people come in. Were not letting them come in. They can play all the games they want. Liz were going to monitor this speech. If he says anything about the gold star family and that situation, well go back to it at the moment. We need to get to oil. Oil is in a bear market that the very moment. That means its off 20 from its recent highs. Oil at the moment, below 40 a barrel at 39. 99. This is the aftermarket. Are we headed for 20 year bear market or see the bulls bounce back . That goes on stocks, too. Traders at the New York Stock Exchange and cme group. Scott, Goldman Sachs put out this call and said the market is pretty much quote fat and flat. Overpriced, having trouble making it through the ceilings. They say go underweight for the next three months . Do you agree . Is that a smart or wrong move . Listen, i listen to the market, not Goldman Sachs. I think they made the same call three weeks ago, i think that is when the s p was below 2100. Liz yeah, that was a mistake. The market is acting well. Technology is at alltime highs, stocks are making alltime highs. I think there is a nice rotation. Oil, 20 off the highs, maybe you dip your toe into there, and with technology at alltime highs, you trim and sell some. Leading the market overall, that is a bad thing. Liz 5178 is the 52week high which we hit earlier today. So the nasdaq surging ahead, tech has been a leader over the past month or so. On top of all of, that the feds gone fishing. When you see the gdp number friday for the Second Quarter of 1. 2 , do you fight the tape or pile into goodquality stocks here . Well, it looks like everybody is trying to empty out on most of the stocks right now. We have big numbers that are coming out later on this week. We have the bank of england coming out. Nonfarm payroll number, that is the number that everybody is focused on. As you remember last month, that number surprised the daylights out of everybody at 278,000 new jobs, and i dont think were going to see that number again, i think were going to be back into the 150s. Youre going to see people sitting on the side lines or liquidating until the number comes out on friday. Liz july jobs report, 175,000 is the expectation from the economists we spoke to. The dow is down 53 points but as

© 2025 Vimarsana