Transcripts For FBC Countdown To The Closing Bell With Liz C

FBC Countdown To The Closing Bell With Liz Claman August 25, 2016

Clinton working to appeal to conservatives. Former governors jim hodges and Dave Heineman, a democrat and a republican, here to break down the back and forth in the race for the white house. The embattled ceo of mylan, the maker of the end epipen, claiming shes more frustrated than anyone in paying for the lifesaving epipen, the Company Offering coupons for consumers rather than slashing the actual price for the crucial device. Investors not impressed with her explanation at this hour which involved blaming Insurance Companies and pharmacies. Mylan initially spiked this morning, now its falling one and a third percent. A fox business exclusive coming up, the mylan spokeswoman who quit her job last night over these price hikes. Is she now satisfied with mylans coupon offering . We will ask her. Wall street is watching wyoming, jackson hole, to be exact, doesnt look like a lot of activity right there, but guess what . Weve got the fed president there who may give the best hint yet. Day two of tentative jittery trade, the Dow Jones Industrials down 42 points. Lots to go here. We are less than an hour to the closing bell, lets start the countdown. Liz so when you see that the dow is down 42 and the s ps lower by 5, thats the markets holding their breath ahead of the big kahuna, and that would be janet yellen, the head of the Federal Reserve, and her speech that she will give tomorrow. Everybody thinks shes going to reveal some detail about when we will see the next Interest Rate hike, but million then, markets are in until then, markets are in the red. Dollar tree and Dollar General both reporting lower than expected quarterly sales. The discount retailers blaming growing competition and reduction of food stamp coverage. So shares there are moving lower, dollar tree down nearly 10 . Dollar general getting really hammered here, down 17 . And its hard to go at it alone. Hp, the hardware printer and pc business of the former hewlettpackard reported earnings shy of analysts estimates. Whats the problem here . Weak sales of printers paired with costcutting measures. Never a good mix, so that stock just about flat to slightly lower. To nevada, live pictures from reno where Hillary Clinton is about to reemerge on campaign trail after several days off fundraising. Shes about to take that stage to launch what we expect to see, and that is the latest verbal grenade at the republican nominee. Shes taking on Donald Trumps embrace of the altright, the ultraantiestablishment conservative voters as their known. The intent is to try to prove to the centerright republicans trump will never stand for, quote, true republican beliefs regardless of his attempts to try and soften his views on immigration, and he also has said he regrets hurting peoples feelings. Blake burman, look, well keep an eye on the hillary stage right there, but tension has been ramped up as hillarys appearance appears to coincide with this release of a new attack ad that shows White Supremacists endorsing donald trump. Reporter thats exactly right, liz. If we needed a reminder theres only 75 days until election day, you got it today because the race elevated to a different level on this day. Hillary clintons campaign, they put out a web ad earlier today that used images and words of members of the kkk, including david duke, along with a selfdescribed White Nationalist, and they touted their support in that video for donald trump. The video also depicts trumps new campaign ceo, steve bannon, as a sympathizer of racism and neonaziism. That video is coordinated with a speech that clinton is about to give any moment now, you see the stage there, in which she will try to tie trump to whats known as the altright movement which critics contend aligns with White Nationalism and elements of extremism. Donald trump just wrapped up his very own rally in New Hampshire this afternoon. Take a listen here, this was the reaction that he gave in that state. Watch. They are left with only this one tired argument youre racist, youre racist, youre racist. They keep saying it, youre racist. Its a tired, disgusting argument. Reporter now, liz, this speech from Hillary Clinton and her campaign video, they come as trump tries to reach out to africanamerican and hispanic voters and as he reworks his immigration plan. Liz blake, thank you very much. By the way, were going to have complete reaction of Hillary Clintons speech as soon as she delivers it. Former governors jim hodges, hes the democrat there South Carolina, and dave hine match, the republican from nebraska heineman, joining us to weigh and break down these newest attacks which appear to have real mudslinging at the center of both of them. To the controversy sweeping the nation, mylan in damage control mode, finally making a move regarding its high price tag of the device, the epipen, that costs 4 to manufacture. But did mylan control the damage . In the wake of outrage over 17 price hikes of the lifesaving epipens which spiked from 57 in 2010 2007, rather, to as much as 700 for a pair today, the Company Announcing it will offer a savings card type of coupon to some patients that will cover up to 300 of the epipen twopack price tag. To be clear, the company is not lowering the price by a single dollar. Mylans ceo today blaming the system, blaming Insurance Companies and the Affordable Care act for the price hike. Shes reportedly said shed a mom, and shes frustrated. The bad press pileon continues. Actor Sarah Jessica parker whose son suffers from a peanut allergy has resigned saying, quote i recently learned that the price of the epipen has been systematically raised by mylan to a point that renders it cost prohibitive to many people. She doesnt condone the decision, shes ended her relationship with mylan as a direct result of it. Before Sarah Jessica parker resigned, my next guest, a mylan spokeswoman, quit her job. Kelly, mother of five, has been watching and apparently couldnt take it anymore. Last night she sent her Resignation Letter to mylan. Now former mylan specialty spokeswoman joining us now in a fox business exclusive. Kelly, you resigned last night. Today theyve announced theyre going to give coupons and try and shoulder some of the costs. Did you quit too soon . Are you satisfied with the companys moves . No, im not. This is not nearly good enough. We need a stronger voice on this. A coupons just not enough at this point. Its too little, too late. Heather needs to step down. We need to do damage control on this. She owes a stronger explanation to consumers who rely on mylan and epipens to keep their children safe. And, quite honestly, shouldering the blame to obamacare and all the other things that she was saying today is just not good enough, in my opinion. Liz hold on. Im pretty sure youre the first person ive heard and weve been covering this pretty intensely to say that heather bress should step down. Why . Because she is a leader of a multibillion dollar company, and she has not been truthful, she has not been honest, she did not step up to the plate when she should have, she did not answer the tough questions when she had millions of consumers asking why cant i afford a lifesaving device when it only costs 1 to produce this pen. To me, when the trust is broken, you have to step up to the plate, and you have to answer those questions honestly. And the statement that was released by mylan today simply was not good enough. Liz okay. I want to show some of your letter where you said to mylan and, by the way, you were a paid spokesperson, we can show some of this. Soon enough, an innocent childs life will be lost, and for what . Money . I cannot accept or comprehen this line of thinking, i resign from my position as a spokeswoman for mylan specialty effective immediately. Somebody named julie simply wrote back were confirming receipt of your email, thanks for your feedback. Uhhuh. Liz how long were you working for them, and were you on their schedule to do things for them . Yeah. So for two years i was a paid spokeswoman for mylan, and i was specifically hired to do educational initiatives. So my job was to travel around the country and just advocate on autoinjector awareness, basically, have an action plan liz okay. Because without it, lets just make this clear, without it, people die. Without an epipen within minutes. Liz whatever youre allergic to, within minutes your throat closes, and you are dead. So this is an amazing drug. Some met me play devils advocate. Some would say, well, p isnt that worth paying 600 for two of them . Not when they cost a dollar to make and not when in 2007 it only cost 50 to buy. Really theres a disconnect here, and it has not been explained to anybodys level of satisfaction. Again, offering a coupon and not even an apology, i think, is what everybodys most outraged about. Were talking about families, were talking about children, were talking about mothers who literally are going to the pharmacy and having to make a choice can they actually fill a prescription that is 600, 700, 900 . Nobody is going to be able to look at me in the eye and say thats okay because its just not. Liz has your son ever had an an flak tick reaction the . Yes, twice. And, actually, two years ago he had an an my lactic reaction to dairy. I was not home, and my 14yearold daughter at the time actually is the one that gave my son his epipen. And we talked about this last night, actually. She had her three other little brother ares standing by crying in the corner watching their other brother go into shock because he couldnt give himself his own epipen. So she went to the cabinet, she got the pen because she knew where it was located, and she gave it to him and called 911, did everything she was supposed to do as a 14yearold. Liz well however, if that pen was not in that cabinet, youre going to have three children in the corner crying because theyre going to watch their brother possibly die in front of them. Its an entirely different story. We were lucky. So thats why this is not one of those conversations as if, you know, should she resign, should she not. No, we need to take ownership of the decisions that have been made. These are peoples lives at risk, and that is precisely why i resigned. Liz okay. Well, let me just say that we have, we had a bunch of twitter followers, and one of them wrote a coupon . What is this, bed, bath and beyond . Just lower the dang price. So thats one thing. And thats a libertarian dad who thinks that there shouldnt be government involvement here. I dont know what the answer is, but we do know that we have people, lawmakers in d. C. Who are calling to discuss this, and in the end, the market is the biggest voting mechanism. Yeah. Liz that stock is down today. So whatever they did is not enough to change what has been a steady fall. No. Liz heres the intraday picture, but over the past week before we let you go, because weve got Hillary Clintons speech weve got to cover here. Why didnt you notice that this price was going up and up and up, kelly, if youve been working for them for two jeers . Im just two years . Im just curious. You know, it jumped up considerabars. I have actually made comments to mylan in the past about it. Liz and whatd they say . You know, were working on it, and were doing the best that we can. And really thats been the m. O. , were working on it. Liz well, james baker, the doctor who runs the family the allergy, food allergy organization, spoke with us yesterday and said, yeah, theyve been working with them for a year okay, time to actually do something. Kelly, thank you so much. Kelly rudnicki, she runs a mom blog as well. Let us take you to reno, nevada. At this very moment, Hillary Clinton is on stage. We are monitoring the stage. When we start to hear what we feel is newsworthy, we will take it. In the meantime, Dow Jones Industrials down 29 points. Low of the session, 50 to the downside with the closing bell 45 and a half minutes away. Its walmart that is dragging down the dow along with Unitedhealth Group and nike. Theres no question that another retailer has the right answers today, guess reporting a higher than expected Second Quarter sales and profit, lifting the low end of its forecast as its restructuring begins to show signs of progress. And their models arent bad either. But look at the stock. Today its up 22 , but perspective, my children. Guess stock was down 21 so far this year. Thats now entirely erased at this moment. Up next, a new offensive against isis in syria, its underway, but the u. K. Says American Technology companies are not doing enough to fight terror online. What the British Government wants from facebook, twitter and google. Oh, boy, youve got to hear this. Thats straight ahead on countdown. With this level of engineering. Its a performance machine. With this degree of intelligence. Its a supercomputer. With this grade of protection. Its a fortress. And with this standard of luxury. Its an oasis. Introducing the completely redesigned eclass. 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He was sued by the Justice Department for refusing to rent apartments to black and latino tenants. Their applications would be marked with a c, c for colored, and then rejected. Three years later, the Justice Department took trump back to court because he hadnt changed. And the pattern continued through decades. State regulators fined one of trumps casinos for repeatedly removing black dealers from the floor. No wonder the turnover to rate for his minority employees was way above average. And lets not forget that trump first gained political prominence leading the charge for the socalled birthers. He promoted the racist lie that president obama is not really an american citizen, part of a sustained effort to delegitimize americas first black president. And in 2015, trump launched his own campaign for president with another racist lie. He described mexican immigrants as rapists and criminals, and he accused the Mexican Government of actively sending them across the border. None of that is true. [applause] and, oh, by the way [cheers and applause] by the way, mexicos not paying for his wall either. [laughter] [applause] if he ever tries to get it built, the american taxpayer will pay for it. Well be stuck with the bill. But there has been a steady stream of bigotry coming from him. I think we all remember when trump said a distinguished federal judge born in indiana could not be trusted to do his job because, quote, hes a a mexican. Think about that. The man who today is the standard bearer of the Republican Party said a federal judge who, by the way, had a distinguished record a as a u. S. Attorney, had to go in hiding because mexican drug gangs were after him, who has mexican heritage but just like me was born in this country is somehow incapable solely because of his heritage. Even the republican speaker of the house of representatives, paul ryan, described that and i quote as the textbook definition of a racist comment. [applause] and to this day, to this day trump has never apologized to judge curiel. But for trump, that is just par for the course. This is someone who retweets whiteupremacists online like the user who goes by the name White Genocide tm. Trump took this fringe bigot with a few dozen followers and spread his message to 11 million people. His campaign famously posted an antisemitic image, a star of david, imposed over a sea of dollar bills that first appeared on white supremacist web sites. The Trump Campaign has also selected a prominent White Nationalist leader as a delegate in california. And they only dropped him under pressure. When asked in a nationallytelevised interview whether he would disavow the support of david duke, a former or grand wizard of the ku klux klan, trump wouldnt do it. And only later again, under mounting pressure did he backtrack. And when trump was asked about antisemitic slurs and Death Threats coming from his supporters, he refused to condemn them. Through it all, he has continued pushing discredited conspiracy theories with racist undertones. You remember he said that thousands of american muslims in new jersey cheered the 9 11 attacks. They didnt. He suggested that senator ted cruzs father was involved in the kennedy assassination. [laughter] now, perhaps in trumps mind because mr. Cruz was a cuban immigrant he must have had something to do with it. And there is absolutely, of course, no evidence of that. Just recently trump claimed that president obama founded isis. [laughter] and he has repeated that over and over again. His latest paranoid fever dream is about my health. [laughter] and all i can say is, donald, d

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