Transcripts For FBC Countdown To The Closing Bell With Liz C

FBC Countdown To The Closing Bell With Liz Claman March 10, 2017

They are moving it to the Budget Committee next week. The democrats on the outside looking in. Can they get in the game do they want too. Or do they want to obstruct the democratic congressman joins us and for fair and balanced. Here to tell us that the governors have a voice in this as well. They too could stand in the way. They play political games in washington we are playing the hottest videogame right now in our studio. Nintendo and unveiling its unique new gaming console. It is sold out millions of them. And it cuts the cord. They are fighting over it. Nintendo of america why isnt the market rejoicing. More so over what many call a robust job report. They are crossing the unchanged line. Lets start the countdown. And we have this breaking news. We dont really need to wait for a government report to see the American Consumer is bouncing back the numbers out of nintendo right now are telling us we think we think we need to know. People lining up to buy the nintendos which switch was launched last friday yet and there they are i dont know what theyre doing. This is our producers here. I 300 videogame console is not just fun and games. Its very important to the bottom line. We were first on foxbusiness interview. With the president and coo. Were going to grill him on the questions that not only gaming Industry Analysts are asking about the people who artie got their hands on it. Will show you how it works. Can it live cannot live up to the hype. Look at these markets here. The four week when he streaked for socks might be snapped today. The nasdaq is up 15. It might not be enough to get us to the plus column. Will prices falling off the cliff this week. Oil was down nearly 2 again today settling just a bit about 48 per barrel. And if you stay with the Energy Sector you can see it on the other hand is surging. There is major chatter about a potential mega merger. They publish a report citing rumors that exxon has proached them in a possibl takeover. Nothing has been confirmed concerned. And meanwhile they will call it flat for the moment. We have to wonder even in light of the strongs job report number. Is it down because its been a long and uncertain week for members of congress after Republican Leaders released their plan to replace obama care theyve spent nearly every waking moment and moments when they were supposed to be asleep allocated to the advancement. Its implosion. Before heading out of dodge for the weekend kevin brady made a final plea to skeptical republicans. If you hear nothing else i say today this is the most important one. There is so much more that unites republicans then divides republicans on this issue. Repealing these awful taxes and the subsidies those mandates that had hurt our local businesses we unite behind. The republican senators not listening. They are calling on the house to stop drop and start over. And then rework it. The republican governors have a voice too. In an oped this morning in the New York Times john kasich employed both parties to do what he did as a harassment to successfully get a budget passed and as compromise. If we are to establish a lasting and successful replacement they should reach across the aisle and democrats should accept the offer because in the end of 21 republicans say sorry its not for me they will need democrats help. So will they with a plate ball. Lets bring in one of them. I hope this is not a rhetorical question if they reached across the aisle to you would you play ball or would you be the party of no one. What we said over and over is that if they present a plan and increase the coverage that lowers costs and gives comparable insurance to people that they had right now thats something i could support. Quite frankly i have not been reports at all. Going every day at home dng at town hall meeting or public hearing. Weve have none. We had 18 hours in the ways and means committee. Without any prior notice to it. Without any prior notice to it. We call it like we see if in fact precisely what the democrats did years ago with obama care. It was very much secret. A lot of people hadnt even read it. Thirty days prior to the enactment of the bill. But hundreds of hours of hearings we had 3,000 town halls around the country on we also put it on the internet. Seventytwo hours prior to enacting. We none of that this time. An amendment that i offered that kevin brady had offered seven years ago that we codified before that. The 72 hour notice would be given. That was rejected by that republican. Where can you see some bridge building here. The representative Elijah Cummings of matt maryland met with President Trump and seem to be a very encouraged by his discussion about the high cost of prescription drugs what to do about getting it below that. He has said himself that we can negotiate on behalf of of the federal government and rectally with the pharmaceutical companies. That is not included in this bill at all. We donteenything like that in this bill. We close that. It was created by the republican and now its can be wide open again if it becomes lost. Did you not see a bridge built when they cannot drop you if you had preexisting issues or you can see on your planet plan until the age of 26 is it an olive branch of sorts to democrats. The constituents. Those are mandates that they like. The overall base. There is room for that. Hes right. If they talked about not ending medicaid or falling back on medicaid that may be summer we could talk to about that. To the republicans now own health healthcare. We had put into place and Affordable Care act. I think you understand how difficult this really is. Democrat from new york, thank you. Fair and balanced we have to talk about this. You heard from the democratic side. A bigger had bigger problems than just the democrats as they face discord in resistance from far right members of their own party one group that has a vested interest in the remake of obama care particularly the medicare expansion. The spring mike huckabee. Thank you so much for being here before we get to do that Sticking Point of what to do about Medicaid Expansion you strike me as a kind of guy who could figure out ways to get the hatfields and the mccoys talking again. What should the republicans do to get democrats to open the lines of communication. You just heard it is possible. I think it is possible. But one of the things that had to happen is there has to be open meetings and they have to massage this. Everybody thinks this should be hard. It is hard. You 535 people in Congress Everybody wants to go into the kitchen with their own spin in their own space and somehow make this thing work. It aint that easy. For those who have never legislative who have never governed and they talk about how this ought to be a cinch it ate a cinch. Slow down. Get it right. Its better to do it right then to do it over. Its always less expensive. They need to be to that point the governors of the 31 states and arkansas also they did have expansion of medicaid what states did it. There is concern that they wont have it in the new plan. It may show this thing squares properly with cost up to 11 Million People we dont know the real numbers to be without coverage. The key is making sure that they have flexibility to implement it. All 50 states are not alike. Its can be very different than what you need to do in massachusetts and has to the has to be part of this. Most governors would take less money for their medicaid progm if thehave maximum flexibility to operate in a way. It is not a bad program it saves the lives of a lot of people and for poor people it is a lifeline. Some people that are very disparaging dont understand it but here is that challenge. The small affoable not that would prevent some of you from getting to the health also is the only thing that controls utilization. If you dont do that is unsustainable and it will wreck the budget. They had hosted one and theyre supposed to host another. With republicans do you think it would go a long way to bring some democrats over. This week its a better chance of getting through. This president has already done that. He has invited democrats to come someone to go see him. He has and more in 45 days than president obama didn eight years in terms of saint lets sit down at the table and break bread together and maybe bust some bowling pins together. But lets have relationships at the end of the day legislation is as much about relationships as it is the text of the legislation. I think thats what the president is doing. Now members of congress had to step up in joining. We know that reagan and clinton were able to do that. Its a great place to be right now. We thank you very much. The closing bell. Fortyseven minutes away. Right now we are up 37 points but it hasnt been able to decide whether the big february jobs report number is exciting are kind of man. Maybe it looks more exciting. But they define exactly the job gains it is a sure sign they are about to tell you. Harley davidson rolling out new street rod today. A middleweight made for cruising the city streets. They think this is a winner. Its one of the biggest gainers. And speaking of winners they have made the switch as a unique new concept that is turning gain mean on its head. It is a blockbuster. Will he be a bigger hit than 800pound gorilla andhen is the mario kart game arriving. So it was the first jobs number for a full month under President Trump and it was a big one. 235,000 jobs created in february according to the Labor Department that as well ahead of expectations it was hundred 90,000. The chief Economic Advisor told Stuart Varney this morning, it doesnt last. What were doing here in the white house and were going to do with our tax plan and what we are doing with hiring and corporations and getting them to move jobs back to america i think will be easy to get the 3 growth in the third and Fourth Quarter this year. Full steam ahead. Why did they shoot up 80 points in the morning and now they see the excitement. We dipped into negative territory. Could it be that j. P. Morgan put out a report was it that report that may be spooked the horses a little bit here. It wasnt that exciting. If it dictates maybe it gets one in june. Maybe we get one at the end of the year. That certainly would be a wet blanket on this if you have to do for hikes this year. We know whats can happen next week. Unless there is some armageddon that comes out we have the first rate hike. And should the market be terrified. They talked about doing this in december. As a go back and listen. They talk about multiple rate hikes. They definitely want to get this done. The market doesnt seem to really care. It may seem scary and worried about the 5 . I dont get upset anymore about 200point moves. It is baked in. I think the surprise will be if they did nothing. We have the story of oil plummeting day after day and it just seems like that tends to keep the cap on the real upside lives for the market and had to tell me whats going on and what you see for next week. There is no question it is weighing heavily in the market. The oil market is behaving much more normally than you would want to expect. The markets backed off here. It is not at the bottom of the channel. The real number we can have to be concerned about is at the 47 to 407 and half level. I am very doubtful. Im ilpretty oimistic on this market. I think you will see 55 again before ec 45. I think weve seen the worst of it right now and i think you will see a little bit of affirming action in the next week or so. I am no bowl im a bear by nature. Bears have claws. It is great to see all of you. Thank you so much. In and a bear because i really think we have too much capacity here. Dont miss wall street week tonight. You should all be watching. Tony robbins talks about his new book unshakable your Financial Freedom playbook. Hearing that he at 8 00 p. M. Eastern. Only on foxbusiness. The closing bell. We 38 minutes to see it happen. Make room for delta and mario. At the hottest thing to hit the gaming industry since pokemon go. It is a hybrid that nobody has ever seen before make you want to switch out your playstation or xbox because it is tethered to the tv. It is the president of nintendo. He went from watching it on the tv to now taking it mobile and he is walking into the studios right now. And millions of you are spending big bucks at the first tv interview since last week. But who you invest with. As a combination of see products. And customers. 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. Liz like waiting for tickets to a who concert. People brought sleeping bags, beach chairs. Gamers endured everything, hours lines, to get their hands on the new nintendo switch. The hybrid console costs 299. You cant get it. Both at major retail, in stores, and online. The device broken nintendo records for sales during its first two days. First on fox business, nintendo of american president and ceo, has come to play to discuss the switch which is something that people have not seen before. Never been done before. Never been seen before. The magic you can have the wonderful big screen experience. When you take the system out of the dock, it is right here for you to play. Liz turn it like this. So we can see. This is the system. This is not the system that is playing behind us, but this is the actual system. All the machinery, all of the activity is right here. Liz okay. This is what drives all that excitement that is happening. Liz that is the mobile part of it. Correct. Liz if you want to switch to your own television you dock it. Put it in the dock. As soon as it is in the dock, now it is projecting on the bigscreen tv. It is that simple. Liz that simple. It is seamless . It is seamless. Liz tell me about the game. The is today game on the screen. Start playing it. For those that dont know that is link on the screen. That is link. Isnt he cute . Look how massive this game is, right . Any place you can see you can get to. This is the game that the critics have seen and giving it, 48 of the critics said this is a perfect game. Liz it is highrated game on met at that critic. Right. Liz the legend of sell today. But it zelda. You contain playing and showing us what it does. Continue pushing, supply is already swamped by demand. How will you get ahead of that and start manufacturing more and catch up with the shortage . So weve side, we are putting two million unit into the global marketplace. Liz give me that thing. I want to play. You play while i answer. Two Million Units out in the marketplace in the first month. Were continuing to replenish. Never has been done before. Liz oh, you can climb. Getting all the demand, putting more and more product out into the marketplace. Increasing our capacity and certainly we believe this is a product with a tremendous runway. Liz a tremendous runway. So why didnt you put out more games . You have zelda and onetwo switch. Im thinking not only didnt you launch this during the holiday season, boom, get out of my way im pretty good. Redheads can be vicious. Redheads can be very vicious. Why put it out in march and on top of it only have a few games here . First we believe putting systems out when theyre ready. It was ready to go. We had Strong Third Party Support lined up. What weve learned, i launched five different civiles with nintendo and what weve learned is, it is not how you start, it is how you finish. Liz where am i going by the way . Poor link, he is running in circles the. One of the good things we have builtin clock. It is now nighttime. Liz nighttime. When you see enemies at night theyre are a lot more challenging. Be careful you justed off liz did i kill him . Not quite yet. Yes you did. Liz that didnt take long. Tuestion you asked, why march . It was ready in march. Why we launched in march. Two games to begin with, we want to pace games throughout the entire first nine months. We start with zelda. 98 meta critic game. We go to new mario cart game. Liz when . April 28th. Liz how much does it cost . 59. 99, msrp. We have a arms and split two, follow up to the megahilt. We have pacing of content. Liz will you allow independent gamers and developers like, mass effect, they have a game, third person shooter game Science Fiction of platform with you. Will you work with them. Absolutely. We already are. Bethesda makes fantastic content. I am e it is coming on nintendo switch. Were working with major publishers. Theyre bringing their best and brightest content. Liz people left nintendo for dead when the wii was not that popular. Will this outsell the bestseller, wii. Sold 100 Million Units. Best of all time. Will it beat the wii . Who knows. It is beating the wii after five days. That is what were looking to do. Liz reggie, thank you very much. Ds was the biggest, 154 million. Thank you. Liz zelda thanks you as well. This is zelda. Exactly. Liz zelda and link. Good to see you. Liz 299 bucks, i would say the consumer spending. Closing bell, 20 minutes away. Dow jones industrials continuing to climb. Were up 52 points. The first full jobs report under President Trump a winner. But the largest around most educated generation of potential american workers, still struggling to find wellpaying jobs. Millenials may be bed for their love of videogames but there is souch more of that. She is the ceo and cofounder on levo. Whether this report is a bright for her generation of jobseekers. Countdown is coming right back. Im lori rothman on the floor of the New York Stock Exchange with this fox business brief. Makeup enthusiasts are smiling today, beauty big box retailer ulta reported a 17 pop in Fourth Quarter sales. Even with guidance trailing estimates the count struck ah tx brand. One retailer taking a bit of a hit, Specialty Clothing store, zumiez, the latest retailer to list soft outlook. Go airlines having two drastically different days. Southw

© 2025 Vimarsana