Transcripts For FBC Countdown To The Closing Bell With Liz C

Transcripts For FBC Countdown To The Closing Bell With Liz Claman 20170125

Immediate construction of a border wall. [applause]. It is is so badly needed. You know how badly it is needed. This will also help mexico by deterring illegal immigration from Central America and by disrupting Violent Cartel networks. As i said repeatedly the country we are going to get the bad ones out the criminals and of the drug deals and gangs and gang members and cartel leaders the day is over where they can stay in our country and wreak havoc. Were going to get them out and were going to get them out fast and john kelly is going to leave lead that wave. [applause]. Our order also does the following. Ends the policy of catch and release at the border. It requires other countries to take back their criminals. They will take them back. Cracks down on sanctuary cities empowers ice officers to target and remove those who pose a threat to Public Safety. Calls for the hiring of another 5,000 Border Patrol officers. Calls for the tripling in the number of ice officers. [applause]. And you both do an incredible job you need help. You need more. It creates an office of Homeland Security dedicated to supporting the victims of illegal immigrant crime. For years the media has largely ignored the stories of americans unlawful residence victimized by open borders. To all of those hurting out there i repeat to you these words. We hear you, we see you and you will never ever be ignored again. [applause]. As i travel the country i have the chance to get to know mothers who had lost children to violence. I want to thank them for giving them a voice theyre called angel moms for good reason because they are a voice to protect all of americas children. Their children had not died in vain believe me. Pundits talk about power enforcing immigration laws can separate Illegal Immigrants families but the families they dont talk about our the families of americans forever separated from the people they love. They dont talk about that. Ever. As your president i am no higher duty than to protect the lives of the american people. [applause]. These families lost their loved ones then they entered a system that ignored them at the same time constantly rewarding those who broke the law. It has been one injustice after another. But that all turns around beginning today. [applause]. We are joined here at this this afternoon by parents whose children were horribly killed by individuals living here illegally. I will now read these parents names and asked them to stand. Many had become friends of mine over the last two years and had supported me so dearly. I appreciate it. Marianne mendoza who lost her son brandon mendoza. [applause]. They lost billy he was fred son and james brother. Billys wife was also killed by an illegal immigrant. Someone that should never have been here. Laura wilkerson who lost her 17yearold son josh. Laura thank you. They lost their young daughter felicia. Thank you. Thank you very much. Stephen ronna back. Thank you. They have incredible stories. Theyre very special. Nothing can ever make their pain go away but i want you to know your children will not had lost their lives for no reason. They will always be remembered. Into the parents and loved ones you kept the flame of justice alive with your activism. We will save thousands and thousands of lives when it comes to Public Safety there is no place for politics. Just citizen and good citizens. We want safe communities and we demand safe communities. We want respect. We want great schools. We want dignity and equality for everyone. And i will be a president , i promise you, for everyone. [applause]. We will bridge our divisions heal our wounds and unify our country. And if we do that if we Work Together then there is nothing we cannot achieve as americans. The future is limitless. Good luck to our new and brilliant leader and dhs general john kelly. Thank you i bless you and god bless america. Congratulations to john. Breing news no one can be surprised by what they have just witnessed. Wrapping up the speech at the department of Homeland Security. Putting a final point on his signature promises from way back in the beginning of the campaign where he went to the border of laredo texas and promised he would build that law. Build that wall. A border wall between the u. S. And mexico. He wants them to enforce the laws of the United States they also said the United States of america need to get back to the control of the boers orders. Borders. He signed executive orders earlier. While he was there. They have announced a hiring freeze. We will hire 5,000 more Border Patrol officers in triple the number of ice officers in part to support the victims of Illegal Immigrants. You will never be ignored again. Let me get to foxbusiness blake burman. I do want to mention weve been watching this only a slight retention here. Were still up 10046 points. It comes all the back to june 16. This is what he was in ado. And have mexico pay for it. Here you are on day three or four now of the trump administration. They just spelled it out saying that immediately they will start that. Mexico will pay for it. There can have to find the funding for this. Mexico said its leaders had. A little while ago this afternoon saint that was part of the pitch. Thats what we saw. This is gonna be good for mexico. He said it will hopefully curb the stem. From Central America into mexico. And President Trump said this is something that is in the save thousands of lives. Create millions of jobs and also save billions of dollars. That was part of his pitch today. Beginning today the United States of america gets back control. A gets back its borders. I just signed two executive orders that will save thousands of lives millions of jobs and billions and billions of dollars. As you mentioned there are two executive orders that were cited today. It deals with the Border Patrol. At least illuminate sanctuary cities. To those areas. He also proved he is watching in the markets right here. Here is what he treated tweeted that. Great let me just tell you. I am life. This is a level that we been waiting for weeks to see and it seemed all but out of reach. 20,000 for 60. And it happened five hours ago. Here we go. Lets see. Right from the getgo. How about that. It is is not how the market opens. Thats how they close. Let me just show you what im holding up right now. And as we look at all of that major averages we have it closed at dow 20,000 although we are set to close there at the moment. If to stay with me. Watches all the way through the final hour. This will be the 18th record close for the tao. It caused prices to fall to their lowest levels in nearly two weeks. It was full about 1. 1 earlier. During the market trade hours. Let me just tell you that oil right now is moving a lawyer by 33 cents in the aftermarket session. Close to 50 to 75 per barrel. The wall street. This is the volatility. That shows an extreme amount of calm here. Maybe a little too subdued. Were watching it. As we watch this run from 19,000 to 20,000 has only taken 64 calendar days. But after coming within less than a single point of that record i have this at your hand. I thought let me put it away. So i did. I want to show you the excellent adventure that this has already. From the New York Stock Exchange to jerusalem back to new york and then i took it to las vegas. It almost made its way to houston next week. It looks like i will get to rith a duct tape off today. Let me get right to the lower show. Im just pulling him away from what hes doing at the moment. Are we close here. We did not get a selloff. That couldve precipitated some kind of selloff. I think were starting to see a validation of what he promised during his campaign. Thats why we are seeing this rally. Its all to the letter. There are some people that are worried about certain close trade borders the dow is up hundred 43. About 43 minutes before the closing bell. I dont see why theres not Short Covering going on. At some point those ones are going to throw the towel and maybe that is when we get a top out of this. Right now why stand in front of mister trump. Why stand in front of mister trump. When you look at whats going on here i was talking to the traderslly today 17 to donald trump. Speemac i dont know how you put a percentage on it. The bar was low. They exceeded them. There is a potential for them to do very well in the Second Quarter if everyone happens everything happens. And maybe they will 50 . Thats what we really want. We want something reliable. Its a very busy day. We look about 42 minutes before the closing bell rings. Two major sectors are playing a big role in this rally. Healthcare is one of them. Technology is a Freight Train as well. At some look at some of the tech stocks. Of about 15 to 16. It is a huge move today. They came in with amazing earnings. Along with western digital. Yahoo have a big date yesterday. Lets look at intuitive surgical. Could the market start heading in the other direction. Its a fair question here. When they turn their focus to other aspects. Lets just be more clear here. Insane that the markets are generally positive. On the economic outlook. But then this usually happens. There is a possibility that the market goes up a little bit from here. But heres what im hearing we should point out there is some Short Covering involved in this. Particularly after he mentioned he want to get to 75 of all regulations. That brought a wave of short coming. They also expect a pullback from here. Its what is needed in the market to take it to the next leg up next at this to next this to happen overnight. This could be something later in the year. Juergen really need clarity in terms of fiscal policy exactly how much money and the tax break that you get to repatriate. That is key. Something like that. Exactly where does the Corporate Tax rate fall on the trump economic plan exactly what regulations are to be cut. They need some clarity on that. And then the second leg in order to take this the next step higher as can be how does that factor into our needs going forward. We will have earnings season coming up. It will be factored in to the market but heres the thing market are forwardlooking. There needs to be some clarity so they can go in there and essentially but these data points in their earnings model. Until we get clarity on those things. You see. People buy that. Thats usually the retail money and its usually not the smart money. I would just say to every investor right here be cautious. Lets see what plans come out of trump. Let me tell you something. That is a reason to buy the market. By the way 39 minutes left to go before we see whether we close at dow 20,000. You may miss this important round number. Its the one that people have been watching and waiting for and a huge significant think psychologically. With the dow up 135. But we have a warning for you right now. On one specific part of the market that has it going absolutely wild. It is the oil bear. We have weekly inventories today which sue 2. 8 Million Barrels its already overflowing. That news is reinforcing expectations that any friendly move saying that we will start up a lot of these pipelines. They will force a drop in the price of crude. We have accrued at 52. But it is a hurricane of a discussion and right at the i have it but it is a hurricane of a discussion and right at the i have it could that happen here i think some of the oil stocks to do pretty good under donald trump. Lets face it. The most historic thing that happened it may in part be one of the reasons why we hit this because of the executive orders lifting the restrictions in the Dakota Access pipeline. That is good to create 9,000 new jobs. It is going to move oil and more efficient ways. It will have a more growth and a strong rally. One of them said the first great deal that he gives is to a canadian company. Touch upon that. What kind of numbers would we really see. Work were going to see the construction of the pipeline. Estimated on the high end to be 900 union jobs. But also all of the spoil thats good to come down as can be refined in the United States. Its good to be a big boom for u. S. Refineries. We had raised the price of oil because of the bottleneck with the pipeline. Instead of moving it to a pipeline were moving it for railcars. We will see hundred of trucks that are not to be on the road. It will be a more environmentally safe way. The safest way to move oil is through a pipeline. We will be watching every step of the way. Thank you very much. Where live in chicago. Im not ready to do it. Thirtyfive minutes before the closing bell wins. We have it so close. When we come back. Were watching every takeup of the market. Boy do we have some big names coming up to talk about what it means for the markets in your money. You know how painful heartburn can be. For fastacting, longlasting relief, try doctor recommended gaviscon. It quickly neutralizes stomach acid and helps keep acid down for hours. Relieve heartburn with fast acting, longlasting gaviscon. Liz a trader ran by me, 30 minutes, liz. 30 minutes before we get this rip this off. Dow 20,000. 20,059, to be exact. You have to close there. Who knows what might happen. Let me give you context, real sort of feel for whats propelling this. We have dozens of companies, maybe you own some of these are hitting alltime highs right now. Google front and center. Google has been on a tear, looking beautiful, really performing wonderfully. We have adobe, mastercard, visa, inches taught. Some intuit. Some of the other top movers. Weve seen it first intraday. We came less than a point on january 6th, but never quite got there. As he promised on twitter last night President Donald Trump worked todayn matters of national security. He announced the Building Blocks of his plan to create that wall he promised along the u. S. Mexico border. A longtime campaign pledge. Relationship with mexico, one of our biggest trading partners, everyone, certainly a lot of ceos are on the edge of their seats watching there. As donald trump announced he will renegotiate nafta, a pact in existence since 1994. We know he rolled back the u. S. Involvement in tpp, the transpacific partnership. Let us bring in someone with Extensive Knowledge on our past trade agreements, ambassador ron kirk, former u. S. Trade representative. In essence, welcome, ambassador, donald trump said, whatever you and your predecessors was negotiated is no good. He doesnt like it. He wants to torch. You heard him speak im assuming, that he will put the border wall up between us and mexico. What is the most important thing at the top of your cortex right now . One, i have to say, liz, your enthusiasm is contagious. You know here in dallas, just like the rest of the country were all watching what we hope will be so matter your politics, the dow hitting 20,000, it could be real significant achievement. Liz amen. You asked me what is the top of my concerns . I want us to stay there and believe me, i want our economy to grow and flourish and those things President Trump can do to help create jobs, that i want to be fully supportive of, by i happen to be biometrically opposed to him. Diametrically opposed to him if he believes isolating the United States, from our friends, from our allies, from our historic economic trading partners is a way to get there. Im privileged to have a wife from detroit. So i have seen firsthand the pain, the anger of many of those in the rust belt over nafta, but liz, as we talked about, i was elected mayor of dallas in 95. We made nafta a center part of our economic growth. Texas is spectacularly the largest trading state in our country, the biggest beneficiary, almost 270,000 texans owe their livelihoods just to our trade with nafta alone. So in our part of the world there are real concerns about any attempt to cut off that free flow of people, of commerce, helped frankly benefit both of our economies. Liz okay. You have got workers who would say it doesnt benefit us. He amassed two days ago some of the Union Representatives who were absolutely thrilled to hear that he is going to do, or he is going to demand things that actually democrats demanded back in 2015. And that was use u. S. Steel, use u. S. Steel on things like keystone if it was to go through. Republicans pushed back on that in 2015. It is a whole new world, almost topsyturvy, looks like he has got everybody on their toes. You know, look, trade is an easy whipping boy, liz, believe me, i understand, when i came into office, in fairness, president obama had made, you know, certain pledges on the campaign about nafta, but reality is both president obama and president bush levied some of the highest tariffs on steel that you could imagine, to work with those industries and we ought to continue to hold our trading partners accountable but the minute you start this domestic content idea, we export so much more to other parts of the world. And i promise you, other countries will turn around and say, you know what . No more u. S. Cars, no more caterpillar, no more u. S. Agriculture, no more u. S. Technology, and history has proven time and time again that anytime we turn insular, we become more focused on ourselves rather than expanding the pie, and sharing the blessings of our enormous ingenuity with the world, we come out on the short end of that stick. I dont think this will be any different. Liz we will have to watch because there is a long runway here, we have to see how it plays out. Ambassador i will try to do my best to rip the duct tape off the hat. We have 2minutes before the closing bell rings for you guys in texas. You can make it 26 more minutes. I know youre excited with you were going to get there. Liz year at 20,060. Former ambassador ron kirk. He is the trade czar for donald trump. Peter navarro. He is rushing out to our cameras. When we come back he will talk about what he says is the absolute right path for all of this and more. Were going to be right back. Right now the dow is up 144 points. Were at 20,057. Liz just

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