Transcripts For FBC Countdown To The Closing Bell With Liz C

FBC Countdown To The Closing Bell With Liz Claman April 14, 2017

Throwing gas on the flames, threatening the u. S. Saying he already has taethes picked out to hit us in a preemptive strike. Russian support of Bashar Alassad in the mix and youve got one big powder keg. Hes here live in a fox business exclusive. So do any of those flash points have the power to divert the slowly strengthening u. S. Economy . Ive just spoken exclusive to International Monetary fund chief christine legarde. With all that is happening in the world right now, your prediction last year for 2017 for here in the u. S. Was 2. 5 . Are we still on track to see that . Liz her answer to that very question, you need to hear it coming up. Plus where she stands on President Trumps push on weighing tariffs. This video dr. David daos violent removal from the United Airlines flight five days ago that has sent the shares into major turbulence. How the oracle of omaha is feeling the impact though he flies private . That story coming up. Fox news bret baier live on set because its his set. What his sources are saying about the next military steps to the vegas hotel reeling from a massive fire and charlie breaks it. Were live. Lets start the countdown. Good afternoon, everybody. Live from d. C. We are open for business and following quite a bit of breaking news at this hour. Authorities we need to get you updated on this combing through the debris trying to figure out what sparked this fire at the Bellagio Hotel in las vegas last night. It couldnt come at a worse time. Portions of the vegas strip had to be shut down at the start of a busy Holiday Travel weekend. Were going to bring you more updates as we learn them, but so far, the fire is out. Were trying to figure out how it started. In the meantime, asian markets open for business, not liking the saberrattling at all out of north korea overnight. Japans nikkei closed down. The south korean market the kospi fell. 6 and the shanghai in china fell nearly a percentage point, hang seng fell a quarter of a point. The u. S. Dollar weakening against many major world currencies today and looking at the major currencies from the euro to the pound to the canadian dollar, mexican peso, very thin trading, the korean yuan is hurting as people are concerned about whats going on between it and its neighbor to the north. Critical headlines in the u. S. As well. The news did not take a holiday of course, and yet another sign of the retail ice age, retail sales were down for the month of march for the second straight month falling. 02 . The expectation was to see flat. So not great, right . We also learned that the cpi, Consumer Price index number which measures inflation at the consumer level fell. 3 last month, yet another sign the economy may be slightly stalling out. And as you heard moments ago, i asked imf chief Christine Lagarde about prospects for u. S. Growth this year. Heres what she said probably going to be a little lower than that because of the amount of uncertainty, the unpredictability of policies of the new u. S. Government. You know, how much tax reform will we have . How much fiscal stimulus will there be . How will Infrastructure Investment be structured going forward. But growth in the United States is certainly better than it was in 2016. Liz and if you think that Stuart Varney talks a lot about tax reform, wait until you hear in minutes what the imf chief said about why she wants tax reform here in the unite stat. You need to hear this. Shes pushing too for this. There are no Public Events on President Trumps schedule as he spends the day at maralago gearing up for the final stretch of first 100 days as president. The milestone, just about two weekings away, april 30th is the day. Have the early days of the Trump Presidency been good ones for americas economy and businesses . You may own one, you may work at one. Here is Richard Goodstein and former republican governor of virginia, george allen. The sentiment is good around here. Every sentiment whether its a home Builder Sentiment or consumer sentiment, spiking. It is. And i know the president just met with the National Association of manufacturers about ten days ago. Theyre all optimistic, and most things are people see a can do spirit, they see the Regulatory Reform being done and effectuated, but i think people want more, and i think a lot of it is anticipation. A lot of it may be holding back on making certain purchases of equipment thinking, okay, theyre going to get a much better stimulus, much more internationally competitive tax code. In addition to the Regulatory Reform, and infrastructure. The Energy Policies by the way of this administration have been very positive. Whether its the Keystone Pipeline or other activities. So those in the engineer community are positive. Most manufacturers, small businesses. But they didnt pass that repeal and replacement of obamacare. Liz they did not. Matters a lot to small businesses. Liz richard, they cant blame the democrats for that. It was that very conservative wing of the republican party, the Freedom Caucus that derailed that. A lot of talk that President Trump would move toward the democrats to get tax reform done. Do you see that happening . And if so, what do democrats need to hear before they sign on . One thing they want to see is his tax returns before they proceed. Liz do you really think they do . First of all, hes run out of excuses. His returns to be submitted tomorrow or monday, theyre not going to be under audit. Liz tuesday, actually. Dont panic our viewers. Not until the 18th. Theyre not going to be under audit. The fact of the matter is democrats, the last thing they want to do is give donald trump bigger tax breaks. Look, when donald trump is calling Chuck Schumer a clown, continued to run against hillary. Thats not exactly endearing him to democrats, right . Hes had historically low approval numbers. Liz actually the past week since the tomahawk missile strike on syria it has come up. Still lower than any other president 80 some days in. So i think that, look, take tax reform for example, republicans cant decide what they want to do. That same group that were holdouts on health care, they have certain ideas that i dont think the moderate in their party agree with, let alone democrat, and on infrastructure, we had a highway bill, not going to spend a illion dollars. Where is that going to come from . I hope Christine Lagarde is right. Liz democrats love infrastructure spending, too. Most people do. Rather than seeing Donald Trumps tax returns, people care about their own and how complicating and aggravating it is to be paying so much money and filling them all out. Best reform would be make every member of Congress Fill out and complete their own tax returns. Youd end up with much more simplified systems, but we have the highest taxes in the world on businesses. I think there can be a coalition of democrats that may not be a lot of them, senator ron wyden from oregon has worked in the past on this and i think they can come together. Erseas astructure, if you allow profits, tax at 10 , go to territorial system of taxation, but that revenue can be dedicated to infrastructure. Liz which is what Charlie Gasparino said was possibly happening. Yeah, but not just that, it needs to be a big package and revenues from offshore drilling, why not . The federal government gets royalties from the sales, dedicate that to infrastructure. Liz theres been a look at Shifting Sands from President Trumps opinions even just a few days ago or a few weeks ago, china now not a currency manipulator, and nato is not obsolete right now. You may roll your eyes, richard, but it appears is it that obvious . Liz appears hes coming to the center and that makes people calmer. You say Shifting Sands which is a very generous way, assumes there were sands in the first instance. Whether he said about janet yellen staying. Whether he said we should or should not bomb syria. The tweets of his alone are all over the place and i guess the question i ask is, and i defer to you two, do we have any reason tong whatever he said last is going to be sticking a week from now or a month from now . And if our allies, theyre looking at the question, are we closer or less close to the unthinkable . A nuclear kind of war. Liz george, youve run for office, obviously, governor of virginia, and you said certain things on the trail and then the facts changed, what do you do so you dont look like a flipfloper . You have to be decided by principles and stick to your principles and evidence comes in. On the currency manipulation from china, even Chuck Schumer who is blasting away at this is really in the last two years, china hasnt been manipulating the currency, they had in the past. The Exportimport Bank is a prime example of one, i could not understand how republicans are against this. When i was in the senate, somebody said we got to get rid of the Exportimport Bank. My reaction, any time somebody suggests of getting rid of a government agency. Liz they think its cronyism. It does not compete with the private sector, helps american jobs and if other countries are supporting their industries week ought to support american jobs and i think President Trump finally got to the truth on the Exportimport Bank and realized that allows american manufacturers to compete. When the facts change or the evidence change you shouldnt just say, well, im going to keep the same position, thats just being not a very good leader and realistic. Liz richard, and weve got to go, whats the number one top economic lesson understanding the president has learned in this first 100 days . The talk is not enough. The fact of the matter is that 98,000 job number last month, if it was a democratic president , and hillary president , republicans would be screaming bloody murder. What matters are policies, he said wed be sick of winning so much. If you look at health care, trade, mexicans paying for the wall, were losing, losing, losing, put policies in place that move things and not just talk. Action is whats wanted and people want to see jobs and investment and i think this president and administration has the prescription to do it. They have to execute and Work Together liz george, great to see you. Great seeing you, liz. Liz richard, good to see you. Happy holiday and safe weekend. Thank you so much. We talked about tax reform, talked about trade, guess what . A programming reminder, Maria Bartiromo hosting wall street week 8 00 p. M. Tonight. Her special guest is banking giant john mack, and right after that. Season three of property man with bob massi premiering, i love this show. I love watching the transformation of the houses. Make sure to catch it. To a very serious matter. Two warning shots to kim jongun have been fired in grand fashion. Numberion one, the mother of all bombs dropped in afghanistan and the show of force of u. S. Military jets ready to take action against north korea if provoked. As kim jongun stands at the ready. Coming up, general Keith Alexander gives us his threat assessment how all of this could play out on the true war front and the cyber warfare front. Think your Large Cap Equity Fund has exposure to Energy Infrastructure mlps . Think again. Its time to shake up your lineup. The alerian mlp etf can diversify your equity portfolio and add potential income. Bring amlp into the game. Before investing, consider the Funds Investment objectives, risks, charges, and expenses. 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Exnfl star Aaron Hernandez of the new England Patriots hes already serving a life sentence for a 2013 murder, has been acquitted of all charges in a 2012 double slaying. The jury apparently deliberating in the double murder trial of herp hernreached this verdict friday. Today. Nearly two years to the day after the former nfl star was convicted of the other killing. Jurors have been deliberating firstdegree murder charges against the former new england pats tight end. He was accused of fatally shooting men in 2012 after meeting them at a boston nightclub. 27yearold hernandez is already serving life sentence for the 2013 killing. All right, lets move onto julian assange, slammed by cia director mike pompeo for leaking Sensitive Information during a speech at the center for strategic and International Studies yesterday. Pompio saying its time to call out wikileaks for a nonstate Hostile Intelligence Service embedded by state actors like russia. Wikileaks walks like a Hostile Intelligence Service and talks like a Hostile Intelligence Service while seeking support from antidemocratic countries. Obviously tensions with russia are very tight right now. Lets not forget syria and north korea. How do datadumping organizations like wikileaks affect our National Security . Former head of the nsa and retired fourstar general Keith Alexander to tell us about the threat of loose lips, i mean, the cia did not have a tight enough system and tons of data was stolen and put out there by wikileaks, but where do we stand with all the other threats in the nation and the world . First, if you start with what director pompeo said, i know him personally, hes a tremendous guy. What he talks about and saying there is absolutely correct. We should call it what it is. Wikileaks for all these things, but if you look at what theyve leaked and how theyve done, it director pompeo is exactly right. Its largely against the United States. It goes back to snowden, which i have some experience in. Liz make it clear to our viewers, you were nsa director when edward snowden, call him what you will, either a traitor or whistleblower leaked the nsa information. I think the former. And when you think about what he did and who helped him get from where he was in california to hong kong to moscow. Not a good way to get to venezuela and who helped him and what they did with the data. The cia leaks clearly looks to me as if wikileaks is focused on our country. When you see how that and other things like the Democratic Convention hacks, the National Democratic party, what happened to them, russia, and so i think we ought to call it what it is and push back. Liz does it bother you to have heard that number one mike pompeo during the election strike a different tune almost supportive and President Trump said in the past, i love wikileaks. Nothing beats having access to all the information to see whats really going on, and i think what both the president and director pompeo have is now there on the playing field. They see whats going on, and getting that information for our country is hugely important. Liz can we do anything through the nsa, through cyber warfare regarding the north korean situation . Kim jongun announced today he has specific targets in sight. Military bases run by the u. S. In south korea. Apparently shinzo abe is figuring out if war does break out to evacuate thousands of japanese who live in south korea. What can we do through the human and saving american lives . You just said what can we do to stop this . You dont want to go civil war, what are the military options all the way from think of it is were going to put an embargo on, stop ships, stop aircraft, were going to do this too, cyberto military action. I think what the Defense Department and i am convinced that secretary mattis will be looking at all these options. Hes excellent at planning. He will look at all those and say what are the things we do now . When do we do them . The president and secretary have to authorize those and can we stop it before it gets to linda war . Thats what you want to do. Liz do you believe kim jongun when he says hell do a preemptive strike . Hard to say, to be hones

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