Transcripts For FBC Countdown To The Closing Bell With Liz C

FBC Countdown To The Closing Bell With Liz Claman October 31, 2016

Here is what she did, she trained it on director james comey bombshell fbi letter revealed at this time on friday. Here is what she said seconds ago, she demanded that he discloses all ties to the kremlin. Shes walking to the crowds right now. We will bring you any news that comes out. In the meantime donald trump is scheduled to take the stage of Community College in warren, michigan during this hour. Still attacking Hillary Clinton campaign, also pitched the economic message, choice of returning to michigan in the same hour is extremely significant. We are going to tell you why. Fox business allstars have all the angles covered. Plus former governor of new york patterson and former republican senator of florida in the theory , the last day of october, not really a trick or a treat right now. Friday is october jobs report. Let start the countdown. Liz okay, so i said we were monitoring the movements of both Hillary Clinton and donald trump at this hour. The pieces of the puzzle are continuing to shift and move. Scary end for the month in stocks as we quick into gear in the final, lets make it 58 minutes of trade all three major indices are on track to end the month of october in the red. Here on your screen you can see its the nasdaq that got hit the hardest during the month. Down 2. 3 . Although nasdaq at this moment is up just 3 quarters of a point. Even this staggering statistic could not pull the markets out of its low, october, the biggest month for corporate dealmaking ever. Not just this year, but the biggest ever. General electric adding fuel to the fire blasting out of the gate this morning by announcing deal to merge with oil services baker hughes. This new relationship if approved would create an energy power house with more than 32 billion in revenues. So why are both of these stocks down . Well, it doesnt necessarily have to do much with the deal. Its a drop in crude oil prices. This is the aftermarket price right now. Fourtysix dollars and 77 cents. We are giving clobbered here in the aftermarket session. Down about 4 . Why . We have opec throwing cold water, ice cold water on a possible deal to cut output. If you stayed with us you would know that the deal might not go through. Now we have Energy Stocks from exxon mobile to chesapeake all across the board and chesapeake is getting hammered, lets make it 56 minutes before the closing bell rings. Of finance and the world of politics enduring with real uncertainty, fox business allstars to serve as super heros, jeff flock is at the Hillary Clinton event at kent state where clinton announced theres no case here and blake berman in trump rally and charlie with the breaking details about the fbi investigation and whether its not clinton but longtime aid huma abedin who is in real trouble. Let me get you to kent state. There in ohio, Hillary Clinton wrapped up speaking moments ago that donald trump is a danger to National Security saying moments ago that, quote, a man you can bait with a tweet is not someone you can trust with the nuclear codes, but the location and the subject matter dripping with irony as it comes three days after fbi director james comey revelation that is the fbi is looking into emails and classified state Department Emails her confidant abedin forwarded to unsecured yahoo account. Look at this poll. New abc News Washington poll. Here is what it shows. Clinton is ahead of help nominee by 1 percentage point. Thats it. Narrowing the race again. Jeff flock live at the clinton even in kent state, jeff, she start today talk about russia, nuclear codes, did it sell with the crowd there needless to say its a hillary supportive crowd but there have to be some undecided voters too . Well, there may be but theyre not really in evidence here. I think a lot of people, a couple of people told me they were out here because of what happened on friday. I mean, the focus of this was supposed to be Nuclear Weapons and Donald Trumps lack of fitness to command Nuclear Weapons, but she was really forced at the beginning of the speech to address the bomb that got dropped on her campaign, the use of private server and more emails. Here is how she started the speech. Listen. Im not making excuses, i said it was a mistake and i regret and now apparently they want to look at emails of one of my stafferrers and by all means they should look at them and im sure they will reach the same conclusion they did when they looked at my emails for the last year. There is no case here. Jeff thats the message in the crowd. Theres no there there that they know about and a lot of people angry at secretary fbi director comey. Everything from harry reid obviously saying he may have violated the law in the hatch act to former attorney general holder who said while he likes mr. Comey and feels hes a man of integrity, good man make mistakes. Its what eric holder said today. Poll incomes the crowd although saying that they would like to have more information about this before they go to the polls. Liz jeff, thank you very much. Again, Hillary Clinton is saying the fbi has no case but theres something going on here but it has come to this. Donald trump publicly thanking disgraced congressman Anthony Weiner. Trump expect today expected to take the stage any moment now. He might be landing. We are going to take the shot and hear what he says. This would be the second stop. Earlier today in grand rapids trump cited good i think stinks for the tweet sent warning that the former new york representative could be a danger having perhaps known state secrets. Trump also blasting dc insiders for bad trade deals that, quote, help beijing build skyscrapers. Trump is down 7 points particularly in michigan, how significant is it that he decided to go back to a state where he is lagging, may believe he thinks this could give him a shot . Blake Campaign Manager says they really believe that they can expand the map going down the home stretch here. It appears that michigan could be one of those states. The polls, though, suggests that it might be a very tough task. Let me runhrough a few numbers. Trump has not led a single poll in michigan this calendar year. The closest he has been all the way back in july 3 points. Hes only led in one general election poll in michigan out of all 33 taken in entire election cycle. However, one thing to keep in mind, liz, you remember dating back to primary, the michigan polls missed badly. Very badly follow the democratic primary. Some sunlighted that Hillary Clinton could win the polls did by 20 points and as you know she ended up losing michigan to bernie sanders. Trump making two stops in that state today at his first this afternoon he acknowledged the very last Minute Campaign decision to head there. Listen. We set this up about 24 hours ago because i hear we are doing great in michigan, we are going to win michigan. You know it better than anybody else in the country. The long nightmare of jobs leaving michigan will be coming to a very rapid end. Last democrat to lose there you have to go back all the way to caucus. Liz i know it. Blake berman in dc. We are in the home stretch of this wild and rather unprecedented election. Could it come down to a disgraced congressman who everybody thought was out of sight and out of mind, Anthony Weiner, former new york congressman could be a pivotal witness in clinton email investigation and that alone can be a huge problem for Hillary Clinton come election day. Charlie has been working the phones on this story. Charlie, look, lets explain something. He was married and now separated to top clinton aide huma abedin and its his computer that she was using for convenience sake, dump a lot of or secret stuff on and i say secret because anything with state. Gov is not supposed to be put on unsecured device. Those emails could have came from anyone including Hillary Clinton. We dont know the full extent of whats going on hire. We do know that Anthony Weiner took the computer that he shared with his wife to various places including pr where he worked, mww group. It was exposed in some general sense to the public. Here is what we know right now. There is no deal, official deal between Anthony Weiner and the feds over the sements sexting scandal. There are no charges right now. From what i understand, its very Serious Investigation by the fbi and Child Protection squad. This is a very Serious Investigation. Here is what we hear from Law Enforcement officials. They see Anthony Weiner as a potential, potential, now we should point out cooperating witness if they need him to explain the sort of nuances of how he was able or how his wife was dealing, soon to be exwife was dealing with confidencial confidential possibility. Distinct possibility. We should point out that there is no deal right now. Is Anthony Weiner cop rated, he voluntarily handed over some Electronic Devices to nypd which essentially brought in the fbi as part because the woman the young girl that was involved in the sexting was overseas, i believe in great britain. You have to bring the fbi at that point and becomes joint investigation. Thats how it led to Anthony Weiner, fbi people looking at it knowing theres an investigation into Clinton Emails and happened to see huma abedins correspondence on Anthony Weiners devices. Thats where we are right now. No deal from what i understand. Theres a degree of cooperation. Federal Law Enforcement sources say that the possibility that weiner might be somebody who is willing to cooperate and help them with the other case is a distinct possibility. Not saying its going to happen but thats what the Law Enforcement sources are telling fox business. Liz it broke to congressman weiners computer, people need to understand, this is a business network, the best place if you care about your money, and i dont know who doesnt, to watch where we see the melting of politics and business. Markets are pricing in a Trump Victory when they trade off on the headline that he has a theoretical possibility of winning. Before it looked like in the battleground states it was a bridge too far. Now, those have tightened up. Liz before it was the markets and i put quotes, they want hillary. I think they still do. By trading off theyre saying theres a greater possibility that donald trump will be president and they dont like him for a lot of reasons including his trade policy. Lets face it rhetoric on the campaign markets hate volatility and volatile leaders and so i think thats the issue. I think they are wrong about this because some of his tax policies are pretty good but thats what the markets are saying and we will just have to see what happens as we get closer. It could be a volatile next week in the markets given whats going on right now with this email issue. Liz you know, you are smart enough to get up to Anthony Weiner during the convention. I want to show this. He had no problem talking to you. I find it so strange because he did the hbo documentary, he doesnt shy away from the cameras, now we hear these deals that he made, he may actually be a witness that might hurt hillary and might i will say this, i dont know whats going on behind the scenes with Anthony Weiner and his lawyer. Theres no deal right now. I will tell you this, all the speculation coming out, this is before the latest sexting scandal with the underage girl. Not having him anywhere near the campaign, so there was animosity to begin with. Its not just animosity, if this sexting thing leads to federal charge involving underanal girl which is possible, im not saying its going to happen, theyre investigating still, that could land him in jail for a long time. You do what you have to do to stay out of jail, right . Liz come to this. Thank you very much. He mentioned volatility. We have the volatility index again about 7 and a half percent. We just want to point out that to you. Take a look at the dow with closing bell ringing about 45 minutes away. Just about every Energy Related name is down today but look at chevron, the leader of the dow 30. How is it bucking that trend . Bangladesh says it might buy two natural gas field from chevron for 2 billion. Gain of 93 cents. Do you think halloween is spooky, wait for tomorrow, the Federal Reserve starts twoday meeting, then you the october jobs number out friday, more corporate earnings and a president ial election in eight days. Our experts on whats really spooking wall street, the floor show is next and lets just get back to warren, ohio michigan, rather, we are going to take you there live to hear what he says as soon as he comes out of the stage. Count down on the closing bell coming right back. The dow is down 1 points we ship everything you atcan imagine. N, and everything we ship has something in common. Whether its expedited overnight. Or shipped around the globe,. Its handled by od employees who know that delivering freight. Means delivering promises. Od. Helping the world keep promises. Lizly at exactly this time friday the dow was recovering from the shock that hit stocks right after 1 00 p. M. Eastern, that was when news of reopening email investigation. Today in the spirit of halloween we decide today get you a laundry list of a few gremlins that could be spooking investors this week. Federal reserve policy meeting that begins tomorrow. A twoday meeting, announcement will be wednesday, it should shed light on the feds plan for december rate hike and earnings this week including heavy weights like facebook, time warner, starbucks, a bunch of other names too and the october jobs report out on friday. This following a 156,000 jobs added in september, expectation is 170,000 plus jobs to be added and how about crude oil, just settling significantly lower today as hopes for an opec deal fade away. A deal to cut output not going to happen at least when it comes to nonopec members, russia, brazil, didnt happen here. Then, of course, all political uncertainty. Eight days to go until the election. Lets get to the floor show at the new york stock exchange, cme group, john, am i missing anything . The fed always rules, doesnt it . They do. If i have to lock at my list you pretty much hit on all the points i was going to say. You put all those things in front of an investor and they are forced into doing nothing at this point. Theres no reason, theres no con vices to get into this market or if youre looking to take profits off of the table, any one of the factors could move the market either way so investors are forced into doing nothing. Exciting that we have all of this going on in such a robust calendar with this week thats going to lead to the end of the year. At this point now its clearly these things that are going to continue to fluctuate and headlines continue to change that are going to give investors the idea of lets just wait 2017 to make a decision. Liz who needs to wait when you have opec, jeff . Opec ended talk with nonopec members about trying to come to this deal we talked so much about. Its not entirely over. I think they are going to meet in november as well. Look at the fall in crude in aftermarket session. Down nearly 4 . Is this looking like a buying opportunity at 46. 82 . Well, lets put it this way, it was a bad day in black rock today. Nothing went right. This nonagreement really put in this market. We are working sideways through the last six or seven sessions and the truth be told, there maybe a place to buy this market maybe in 46 and a half level but the market has officially broken down under about 47 and a half, the market really breaks down here and they have to work a couple of dollars lower here. Its not looking good near term but as we know in the past when the market looks weakest, it may be buying opportunity youre talking about. But, again abatement in enthusiasm because the market is under pressure and until that november meeting there maybe nothing positive coming out that can really bolls bolster. Liz short squeeze of proportions. Gdp last week for the first print for Third Quarter came 2. 9 and today we have Consumer Spending rising solidly looking pretty decently. How important is the fridays job report to this piece of the puzzle . I think if you look at the bond action in the past three weeks, four weeks, this is pretty much baked in, you know, weve got bond yields at 5month highs. We came off a little bit today. The key thing i would watch, watch the bonds, the bonds are telling you that sometime in the next 36 months we are going to get the rate hike and i think thatll be the surprise. Thatll be the spooky thing. If youre looking at a move in bonds and youre wrong, that could be interesting start to 2017. I would watch that. I think all eyes are on the fed. You have seen how ineffectual opec has been. [laughter] liz yeah, again infectual and right now chance of september hike. Thank you very much. We appreciate it on the busy final hour of trade. As weve got about 35 minutes before the closing bell rings, the dow is just really hovering slightly below the flat line down 16 points at the moment. You can almost call that unchanged. Elon musk always changing, counting on the sun to provide energy for the latest project. A lot of people were surprised, they were taken by surprise as he rolls out the super cool solar roof late friday night. The roofing materials are actually glass solar tiles that look like normal roofing material. Part of his plan to show how the marriage of tesla and solar city will work in the future despite nay sayers. So far investors not really seeing the vision. Tesla down. Th

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