Transcripts For FBC Countdown To The Closing Bell With Liz C

Continue the hour by hour minute by minute task of assembling the new government. Other political figures all spotted at the Transition Team makes its first bold move to drain the swamp. We have our reporters and cameras there. On the president means needs a new operating system for businesses to Silicon Valley. Theyre here exclusively on how it has brought up most of the news. Speaking of change how will the middle east move in change in this new era. As israel waits and wonders. With is exclusively whether the two state solutions survive. Were on record watch. It hits another lifetime high tech stocks are driving the nasdaq higher. Lets start the countdown. She won when you see all of the green on the screen the banks nearly all of them are still cheering postelection. After shuttering its stellar thanks to bank names. Uncertainty is seeping in to this index right now. With 58 minutes left of trade. They had crossed it 85 times today. The record that we need to watch here. We are at 2184. And it is that russell thats really making investors money right now. It is up about five and threequarter points. Already hit a lifetime high earlier today. The fourth Straight Record close. That is a longest streak since march of 2013. To a gigantic retailers. We have best buy surging 14 and a quarter percent. Boosted by Higher Online sales. As a precursor perhaps whats can happen on black friday. And then we the wind flip over to walmart. You can blame it somewhat on the warm weather. Warren buffett also said he is. Back some of his purchases of the stock because he feels that amazon is pretty much eating walmart to lunch. Big demand for the trump transition efforts. This is a life live picture of what is happening right the section alive camera is trained here. This is fifth avenue. There is heightened security presence there. You see a lot of these black cars certainly on the 56 street part of it. They are trying to keep the traffic moving so that the retailers around there can actually get to tourists and passersby. That is our money. Very hard to enter on the other side. It is right across from the entrance to at least the condos of trump tower. They tried it grasp the challenge if he decides to take up we can resident right there in the center of manhattan. Speaking by phone with leaders from poland, the netherlands just two hours from now. Hes can have his first facetoface meeting with a foreign leader since getting elected. The pan Prime Minister. Ticket to foxbusiness. The latest from washington dc. A lot going on right now. Nancy pelosi she is still facing a potential challenge for her leadership. She didnt have a worry today and talking about it. She met with a Vice President elect mike pence. That meeting takes place just a little while ago. He has been doing so all day on capitol hill. I want you to listen here to this morning that nancy pelosi delivered to mr. Pence. No disrespect for them. We try to find our Common Ground where we can. And stand our ground when we can. Will work with you but we will check you also if we have to. It has been a busy day for pence. That was him earlier today with a much better mood of a group. They met with them for a little while. He was a Vice President elect as he first strolled to the capital earlier today. Very humbling to be back among my former colleagues. We are excited about moving the trump agenda forward in the coming congress. We are grateful for the warm hospitality and the determination to wake work with the incoming in ministration. Mr. Pence delivered a message centering around reducing taxes. Just a make a couple of big ticket items. Going forward over the course of the next four years. A number of Congress Former legislators there on the hill try to make things work for the Trump Administration. Who held the salty stick. Liz pharmaceuticals have soared in the wake of Donald Trumps win. Hopefully he will shy away from drug price controls. Over one furnace to google name. They are falling half a at the moment. The ex ceo. They were arrested this morning in charge and what prosecutors call a multi milliondollar fraud and kickback scheme. We had arrested and charged two men a former senior executive. An injured deb report the founder and ceo of the litter. The artist aided in a fraudulent screen. They use it for personal profit and selfdealing. Adam shapiro is with us. The allegations are obviously very damaging certainly for the perception of the stock. Federal prosecutors here in new york city. Allege that the former ceo Andrew Davenport they concocted a secret deal to rake in millions of dollars in personal profit. Under the deal prosecutors alleged tanner used his position to lobby for that drug maker. That deal resulted in a 40 million windfall for davenport and 10 million in kickbacks to tanner. The criminal complaint cites an email in which davenport likened their partnership to the film the sundance kid and talked about how they went right into the sunset together. It doesnt end well for either of them. There could be even more charges to come. They are also investigating Michael Pearson the former ceo you will remember they first caught the attention of Congress Last year. They hiked them by nearly 70 . They have taken a host of steps to try to restore confidence including cutting its tides. The company struck it has been decimated this year. It has fallen more than 80 . Right now its at 17. Thank you very much. Drug prices arent the only issue. For months questions about jalan Janet Yellens future. They circle like sharks today the have of the u. S. Central bank put the rumors to rest but they also Tell Congress that an increase in Interest Rates how is that for being lets get right to the floor show. We also have the New York Stock Exchange. Specifically focusing on currencies. How much longer does this run into you and do you start to see dislocations from a very strong greenback. We expect it to actually had some for the next few months. You head at least four or five factors here that really support the dollar. They combined with tight monetary policy. And she has alluded to the fact that the fiscal expansion would be something that they would incorporate. It will alter their outlook in the direction so that policy records would be more hawkish. More dollar demand on global market. We know that the election pressure is now shifting to europe and we are seen risk building. They are widening. You have the dollar be supported both on the u. S. Side of the story as well as the outlook on your. Liz its not just the dollar is actually the weakness also are. If were. If you look at what is happening there. Im very fascinated with the fact that we still have all of the green on the screen. The dow is up marginally. They are feeling very bold these days. Its a rotation day. Even the nasdaq is coming alive. Nobody is paying attention to that. I am too. Im watching all the sudden gaining rather sharply and not dropping that very much. They go with akin forth unchanged. By the end of the year new highs. Every time we talk. Jeff, what happened at the dollar today. One minute was up more than a dollar and then the aftermarket session the sound down. Whats going on here. Whats going on here. I will say this. You can look at it in a few different ways. We are under tremendous pressure. It works against us. But the market has not broken down. You can look at glass being half full here. They were very strong today. You also have the theory. Everyone has been wrong about their prediction. Everyone is now talking of the oil must go lower. They all believe that there will be a cap at this point. Prior to that little bit. Everyone is talking in that that there will be no agreement whatsoever. Im from the country and i think they may get it together at this time. And surprise everybody. I think we will be a lot of it on the contrary. Everybody thinks its impossible to go over now. You start to see some action. Its great to see all of you. Tomorrow mornings my three year 72 dash make some 30 00 a. M. Eastern. The life exclusive in her view with the cap with the cap the best at extracting what happens. Theres a chance right now that they are pricing in the upset move. Cisco is actually the biggest drag on the dow. That is a 5 clip. On four sales of their networking product. Victorias secret looking for a Guardian Angel at this hour after the Parent Company gave disappointing quarterly report. It fell 1 of the quarter after rising 6 but look at it. The stock is moving actually higher at the moment. When you stretch it out down 29 percent. Has a work to they work to put together the new administration. Theyre trying to figure out what a Republican Administration would mean to their company and their future. And the stock that you might on. Nowhere more so than Silicon Valley. He survived way bigger battles and now has a Digital Group that might be smarter than all of us. Our exclusive interview next. You do all this research on a perfect car, then smash it into a tree. Your Insurance Company raises your rates. Maybe you shouldve done more research on them. For drivers with accident forgiveness, Liberty Mutual wont raise your rates due to your first accident. And if you do have an accident, our claims centers are available to assist you 24 7. Call for a free quote today. Liberty stands with you™. Liberty mutual insurance. Breaking news. Editing of human dna has taken a dramatic step forward. The race to cure diseases like cancer or alzheimers is actually much closer after chinese scientists became the first to treat a human lung cancer patient with a gene editing technique called cast nine. They were able to remove cells from the blood knock out a gene and then inject the modified were better cells back into the patient where it is believed they were attacked and defeat the cancer. This is the first time its been used on acumen and now another ten patients are lining up to be treated as part of this clinical trial. American scientists are part of the discovery. This is who i interviewed at the World Economic forum. Coinvented the crisper cast nine technology. And of course the race is on. From one massive enhancement to another huge development. The same in the tech world. Artificial intelligence right here on personal computer. They have done it. Its new sensing platform they can come through a document and then make your work better. Joining me now on a foxbusiness exclusive to talk more about your digital guru sensei. It is wonderful to be back on your show. Thank you for having me. Adobe as you know has been doing magic in the area of Digital Media and marketing for many years. And we head through the how do images and videos really work. To deliver a battle better digital experience. Lets say youre looking for an image that you want to put in a composition that you are trying to create. Instead of having to search by putting in keywords we might say i want to look for a picture with a dog on the left side. We made a seven image. Find images like this. On the Digital Media site. Anybody that wants to create compelling content well now help automate that for every one of them. I look at this and i think to myself this to be great for the movie business. For anybody that has a story to tell. Think about education. There is no reason why Education Needs to be boring with text. Everybody has a story to tell. We want to put the power of this into the hands of every single individual. I want to know about it. Face aware liquefy. What is that . Thats probably what it does. It understands the contour of her face. The stock is up hundred 55 percent. We have done amazing things. What happens next. There is a question of a new landscape here. Talking about being a business business friendlier. Was the number one thing you would see that helps businesses get bigger and better. We have a financial Analyst Meeting to 48 billion. As a result of the market. This is a brandnew explosive opportunity the natural trends in the move towards a cloud or mobile the need to deliver these digital experiences across all of the devices would be great. I think the u. S. Is the best at transitions and for my point of view as long as we recognize that Investment Technology just like that biotech advancement that you talked about. Having been in business will they understand what a businessperson needs. We hope that an investment in technology and what i think is differentiated the u. S. Will continue to be the way the government encourages Companies Like adobe. It is great to see you. Are you getting bought by anybody. There was a rumor about sales force. You guys are doing fine on your own. The company has such great longterm prospects and we like to continue to say as long as we focus on the customer we are taking you to tel aviv when we come back. Come on, wake up come on, why ya sleepin . Come on what time is it . Its go time. Come on. Lets go, lets go, lets go. Woooo hoooo yeah i feel like i went to bed an hour ago. Ill make the cocoa. Get a great offer on the car of your grownup dreams at the mercedesbenz winter event. Its the look on their faces that make it all worthwhile. Thank you santa now lease the 2017 c300 for 389 a month at your local mercedesbenz dealer. If you have medicare parts a and b and want more coverage, guess what . 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Prices at pump are in a freefall, down nearly a dime in the last month f youre in oklahoma right now, you have cause to celebrate. The sooner state has the cheapest gas in the nation at the average of 1. 86 for a gallon of regular unleaded. Some pay less but on average it is oklahoma. Hawaii, not so fortunate, theyre paying a dollar more than oklahoma. The state averaging 2. 89 a gallon. Look at these numbers. The National Average dropping to where it was a year ago exactly, 2. 15 a gallon. Some of those tracking prices suggest we could still see the average cost of a gallon of pass fall below 2 nationally. Never run to rest, jeff flock along a rest stop off interstate the 4 outside of gary indiana. Looking at the shift in gas prices and how it could help automakers, jeff. It is already below 2 in lake station, indiana. This is not far from the indianaillinois border. This decline in gas prices started with opec and it is failure to reach an agreement on production cuts. If you look since november 4th, gas prices down 3. 4 . Then you get the election of donald trump and suspicion this is going to be good for oil exploration, another 2. 6 since then of the as you point out the cheapest state, oklahoma, mainly in the midwest, missouri, kansas. Spotty in other places. Well under two dollars already. You mentioned automakers. We talked to mark fields at auto show earlier this week, if you look at ford, yeartodate sales for one of their smallest cars, fuelefficient cars, ford fiesta down 26 f you look at biggest suv they sell, the expedition, up 43 the sales so far. Talking to mark and other Auto Executives at the auto show, they all think were in for a long run of low gas prices, low oil prices. Get the hummer. Park the tesla. Liz our viewers really liked what you show you had yesterday, the allelectric jaguar suv. Good luck to them. You might buy that anyway if youre a gas guzzler. Because it is cool. Liz supercool like you jeff, thank you very much. Jeff flock. Closing bell about 29 minutes away. Right now our record for the russell, were pushing up against a record for the s p. The dow up 18 points. Will a relationship often described as outright frosty turn warmer with a new president in the white house . Israels Prime Minister and president obama never quite hit bff statuses. Does all that change with president elect trump . He made promises some say he might not be able to keep. In a fox business exclusive, former israeli ambassador to the u. S. , danny ilon, and developments that could cause major strife with the palestinians. Countdown coming right back. When they thought they should westart saving for retirement. Le then we asked some older people when they actually did start saving. This gap between when we should start saving and when we actually do is one of the reasons why too many of us arent prepared for retirement. Just start as early as you can. Its going to pay off in the future. If we all start saving a little more today, well all be better prepared tomorrow. Prudential. Bring your challenges. [ male annnouncer ] with customink, you can design custom tshirts and other great products for every oc