Transcripts For FBC Countdown To The Closing Bell With Liz C

FBC Countdown To The Closing Bell With Liz Claman February 21, 2017

And, yes, dont foet. Building a more effective border wall. Our fox business all stars have every angle covered for you. Plus President Trump has his new National Security adviser ready to go. Start with russia, iraq, north korea, and other hot spots testing the new administration. Where should general mcmaster start . Former deputy National Security adviser john hannah will answer that question and many others. Plus milo resigning from Breitbart News. Charlie gasparino way ahead of the story, he breaks it with details from inside the firestorm. Were less than an hour from the closing bell. Im Ashley Webster in for liz claman, lets start the countdown. Ashley well, we are following breaking news at this hour, milo resigning from Breitbart News. Hes due to speak to the press at any moment about his resignation which comes from the wake of controversial statements he made late last week. When that happens, we will take you there live as you can see the podium waiting. In the meantime, the president not slowing down stocks, thats for sure. All the Major Industries surging to new highs today. Take a look at some individual stocks, if you will, investors buying up shares today believing that perhaps kraft heinz may have a taste for the oreo cookie maker. Shares up 4. 5 , this comes after unlever rejecting the offer. Meanwhile verizon still buying yahoo but at a bit of a discount. The two companies posting gains after agreeing to shave 350 million off a near 5 billion asking price. This after two major data breaches at yahoo. Verizon hoping to build a Digital Media empire to rival facebook and google. Both stocks modestly higher today. All right. To the white house, new immigration orders by President Trump will soon be carried out by the department of Homeland Security. Direct dh to enforce the current law whether it comes to immigration issues. It also prioritizes the deportation of criminal immigrants, the hiring of 5,000 Border Patrol agents, also begins the planning process for a wall along the u. S. Mexico border. Lots to talk about. Fox business blake burman standing by live at the white house where press Secretary Sean Spicer just where are you employed up another very interesting day of questions. Blake. Hi, there, ashley, and maybe the most poignant information of the Homeland Security came when mr. Spicer was asked whether or not this mass deportations, which is what the critics call this, and he pointblank said no. Instead, the administration, spicer, you heard it multiple times at that press briefing, and you just used the word. What theyre describing this as is priority. Saying that certain Illegal Immigrants most notably violent criminals are the first priorities under now the new guidelines for the department of Homeland Security as it relates to deportation. So take a listen here to spicer earlier this afternoon. The pledge from this whe house and from the dhs is that those people in this country that pose a threat to the safety or committed a crime will be the first to go, and we will be aggressively making sure that that occurs. That that is what the priority is. Ashley, 15,000 Border Patrol agents are expected to be hired when you break it down between immigration and Customs Enforcement and customs and Border Patrol. That essentially amounts to a hiring spree among one section of the federal government and spicer was asked how are you going to pay for all of this . Especially when you add the border wall on top of that . And he said as it relates to those agents at least that theyre going to be working with congress on this and take resources and allocate where else. Ashley blake, thank you so much. Blake at the white house of course. Now to wall street now. Weve seen a lot of history in the making for the markets recently. Seven record market closes in a row for the dow. Six for the s p, eight for the nasdaq. My, oh, my. Lets head to the floor of the stock exchange. Lets go down to scott at the new york stock exchange. Quick question for you. How do we get from here to hire . Do we need a pause, in other words, of this action . Or is it no way but up . Well, i think last week if you look at the s p cash, we paused three or four sessions before making new highs in friday . Ashley im so sorry conservative journalist milo facing the cameras for the First Time Since his controversial statements about underaged sex that landed him in boiling hot water. Either way, he was in trouble. Lets go to that and listen in. Or not. We do not have him right now. Were waiting on milo. Again, he made some very controversial statements last week. Questions were raised about Breitbart News. Thats a right wing site at one point executive chair steve bannon was leading an alternative right website but apparently the future of milo im sorry someones talking to me. Lets go right now. Lets try to get in now. Thanks for coming, everybody. Im going to be reading from a statement, and then ill be happy to take some of your questions. Im a gay man and a child abuse victim. Between angel of 13 and 16, two men touched me. One of them being a priest. My relationship was complicated that, in fact, at the time i didnt perceive what was happening as abusive. But i can look back now and see that it was. I still dont view myself as a victim but clearly i am one. Looking back, i see the effects that this had on me. In the years after what happened, i fell into alcohol and partying. It lasted well into my 20s. A few years ago, i realized it was time to do something good with my life. I started focusing on work but the black comedy, the galose humor and the shock value in my 20s never really went away. Ive reviewed the tapes that appeared a few days ago in the proper context, and i dont believe that they say what is being reported. Nonetheless, i do say some things on the tapes that i do not mean and which do not reflect my views. My experience as a victim led me to believe that i could say almost anything on this subject, no matter how outrageous. But i understand that my usual blend of sassy gay british sarcasm, provocation, and humor might have come across as flippancy. A lack of care for other victims seem to be the case of report. Advocacy. Im horrified by that impression. I would like to restate my disgust for adults who sexually abuse minors. Im horrified by pedophilia, and ive devoted large portions of my career to expose child abuses. Ive exposed three of them. Which is three more than my critics. Ive repeatedly disbursed pedophilia in righting, and i was also the first journalist in the uk to ask whether the real story of his rampant child abuse would ever be told, my professional record is very, very clear. But i do understand that the videos that you have seen, even though some of them are deceptively edited, paint a different picture, and i am partly to blame for that, i do not advocate for illegal behavior. I explicit say in the tapes from the section that was cut that i think the age of consent currently is about right. I do not believe any change of the legal consent is justifiable or desirable. I do not believe that sex with 13yearolds is okay. When i mentioned number 13, i was talking about myself and the age that i lost my virginity. Strikes some americans as unusual and strange but my mothers native germany the age of consent is 14, and we have a different approach to these things sometimes in europe. I shouldnt have used the word boy. Gay men often use boy or girl to mean men of consenting age. But i understand how heterosexual people may not understand that, and that was an error. I was, in fact, talking about my own relationship when i was 17 with a man who was 29. The age of consent in uk is 16. Between older gay men and younger gay men that can help escape from a lack of support or understanding at home. Its perfectly true and every gay man knows it. Im guilty of language, which i regret. But anyone suggests that i turn a blind eye to illegal activity is unequivocally wrong. I oppose pedophilia, and i will continue to speak ashley property youve been listening to myeloyianpoo myeloyiannopoulos, journalist for Breitbart News. He did not say that he was leaving Breitbart News but we understand at the very end of the news conference, we understand that is going to be the announcement. He said he is a victim of sexual abuse. He made comments last week not exactly supporting sex with under age victims but its a poor thing. Now hes saying he was a bit flippant describing he himself was a victim of sexual abuse as an underaged person. So Charlie Gasparino who has been odds story since the very beginning. We did not hear him saying im out of Breitbart News. But hes done. He has a press release out already. Breitbart and both milo ashley so the purpose here today is explain himself and save his career. As we reported yesterday and, again, i say this is not a story i relish doing. You know, we did some reporting. My producer Brian Schwartz did a great job of reporting this out. Milo is a friend of mine. A guy that i know who i like a lot. Hes extremely prospective. He says things that i dont like. But he usually does it with a purpose and the purpose is to expose liberal pieties. And he as we said yesterday got ahead of his skis he was making a comment about underaged sex. And im not going to paraphrase it. Go and look it up and judge for yourself. And most people dont think its appropriate. Ashley he himself said it wasnt appropriate. Let me be clear whats going on here. This is a business decision by breitbart. Heres what i know by breitbart. Started by andrew who is a brilliant man and a friend of mine. I did some writing for steve early on before he passed away i believe in 2012 or 13. I cant remember the exact date. It was handed off to steve bannon, who i know very well as well and someone who i really like. The publication has become a little bit of a caricature of itself. It has been dominated by trumpism and the alleged support by trump that they cant make money right now. And if you notice whats going on at breitbart right now, they are moving towards a more mainstream im not saying theyre going to disavow liking donald trump. Steve now works for trump. But theyre making moves to be a much more mainstream publication. They have hired ashley to attract more advertisers . From what i understand, they dont make money. They may be losing money. This is what i hear from sources. Heres where it gets interesting. Milo allegedly was a huge driver of traffic. But they made a decision, and i know this because people inside the company late last night about the notion of how much traffic does he drive, meaning eyeballs, and how much advertisers does he lose . And does he drive the right traffic . And im telling everybody here they may hate listen, im sure the editors at breitbart disavow totally, which they said in a statement despite his comments. But i also know because i know how the media works, this is a business decision. They cannot in a business sense keep him on and expect to get advertising, any advertising, which theyre looking to get now and make this a profitable venture with a guy who came out and said some of the stuff that he said. Now, we can argue about the true nature of the stuff he says. Milo is not trying to put the genie back in a bottle. He did say it. And, by the way, heres why i feel bad for the guy. Ive seen countless times that people said stuff and didnt mean and then double down and double down and all of a sudden theyre raging races. Theyre not really. Ashley right . Ive seen this happen ashley bottom line, charlie, what youre saying is ultimately at the end of the day this really does come down to a business decision. I am telling you ashley breitbart theres going to be a liberal notion here about how, you know, he went too far even for the far right. Thats not it. He basically is a business, you know, hes albatross in terms of a business. Now, maybe it is right that he went too far. Ashley thats not in dispute. And i will say this. I dont believe that he represents mainstream conservative thought. He never did. Ashley no. And im going to write a column on that on foxbusiness. Com. It should be published shortly. Milo, his main thing was about him. And he loved the fact and universities used to go nuts ashley so now hoping someone else will pick him up. Im sure he is. He has to pay the rent. But this ones going to be tough for him to come back from. But in terms of breitbart why hes not working there, i know he resigned, he resigned as we used to write at the wall street journal to be perfectly legally clear, he was ousted. He was resigned under pressure. They didnt want him there essentially because he would be a business albatross if he stayed. Ashley got it. Way ahead of this story, Charlie Gasparino. Thank you very much. Appreciate i all right. Lets get back to the floor show. Gentlemen, sorry to interrupt there for that breaking news. Lets get back to the markets. The dow up 106 points. Scott, i asked you, listen, onwards and upwards. Ive had a number of analysts say recently, you know, we need a bit of a pull back, a bit of a breather, this is still based on more hope than fundamentals. What say you . I think that a lot of people have been saying that and the dow went up 800 points. I think whats happening is the rotation here, which is keeping it going. You have Technology Lead the markets to highs. And then you have the small caps and the banks last week reenergized by the hawkish statements from janet yellen. Now traders looking to see with the little broughtout of oil here do oil names that have lagged, are they the next group to carry the market one more leg . Traders dont want to chase the market but theres lots of setups and sector rotations to keep us all busy. Ashley for investors out there that have money and want to get a piece of the action, of course they should have jumped in a while ago. But of course thats easy 20 20 hindsight. Should people with money to invest wait a little bit perhaps for a little bit of a come back and use that as a buying opportunity . Well, i think that a lot of have been waiting for that pull back, and weve seen it on very modest dips. But i think more interesting going along with the equities contingent to go higher. When i woke up this morning, gold was around 1227, 1228. It is completely reversed and not because of fundamental news weve got here. Its all about risk. And i think lack of alternative places to go to get the sameeturn argog to continue to do well. Yields and treasuries are going to continue to tread water and gold will see up and down days. But i think right now risks are on the rise and whether or not the stock market can withstand some kind of event overseas or an election result it doesnt like, well have to wait and see. But i think investors should be prepared for that because obviously the stocks arent going to go up forever. They may go up for a long, long time, but they cant go up forever. Ashley thats true. I hear what youre saying. I hear from a lot of other people as well. What about a catalyst if you like to kind of burst the bubble a little bit. Elliott, Oil Continues to move i guess on the belief that opec is actually sticking to its crude output cuts and ultimately the price just has to rise; is that correct . You know, i dont really think thats the case. Theres still a ton of oil. I dont really see thatishians or iraqis. It is Still Holding 55. You shouldnt be looking at that. You should be looking at natural gas, down almost 10 today. Energy is cheap. Theres no reason for us to be ponying up about this stuff. And if youre going to talk more about the breitbart guy, its great. The stock market hit 16,000 but you love milo. Ashley all right. Not my decision. Lets point out the w up 107 points and oil well close at 54 bucks and that i believe is a 20month high. So someone likes oil. Walmart is the biggest gainer on the dow 30 after a strong Quarterly Earnings report. Walmart is up over 8 this month. Popeyes packing a bunch. Burger king owner buying popeyes for 1. 8 billion in cash. Thats a lot of chicken. Up next, President Trump has his new National Security adviser but where does he begin first . Russia . Iraq . North korea . Former Cheney Deputy National Security adviser john hannah with the threat analysis next on countdown. Ashley Iraqi Government forces backed by the u. S. Allies close to retaking an airport in mosul from islamic militants. Underway to remove militants from western mosul. Humanitarian agencies preparing for as many as 400,000 civilians who may flee the city because of the fighting. Secretary of defense general james mattis committed to the cause saying quote i imagine well be in this fight for a while, and we will stand by each other. All right. Joining us now to give his take on all of this and the u. S. Role in iraq and other hot spots around the world senior counselor and former deputy National Security adviser to Vice President dick cheney. John, thank you so much for joining us. Lots to talk about. Lets begin with whats going on in iraq. I get the sense that isis is losing ground. Yes, theres still isisinspired attacks around the world, particularly in eupe. But i feel like we have them on the run. Would you agree . Certainly in their geographic center, which is iraq and syria. I think theyre on their way to defeat. And that is an absolutely critical victory that weve got to win, ashley. They say that their caliphate, its establishment was ordained by god. And i think if we leave them scattered to the forewinds, it deals a real death below to their narrative. But as you say, given the fact that president obama kind of slow rolled this war, theyve had three years to metastasize across the middle east would be

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