Transcripts For FBC The Claman Countdown 20240712

We are going to go straight to the white house when the News Conference happens. Meantime, talking about the magnetic pull. Yes, wall street charts are all over the place. Right now the downside is winning out. We have stocks sinking deeper into the red. Dow jones industrials down 264. Look at the nasdaq, down 155. But major swings here. We are watching this market very closely because we have been well into the green earlier. Meanwhile, the economic cold war with china still simmering as the Trump Administrations deadline for a tiktok deal is now five days away. The u. S. Ambassador to the United Nations is here in a fox business exclusive. She will share her insight on the china issues, the Russian Election interference and the iran nuclear deal. Again, this is a fox business exclusive. By the way, bridgewater, big hedge fund, ray dalio just made comments before the new York Economic Club about china as an investment. I will let you know what he said. Get your bets in. The nfl kicks off tonight as an explosion of betting sites battle for your sports gambling dollars. One of the biggest digital sports platforms is expanding its gaming opportunities because it sees a huge megabillion dollar pie. The ceo and founder of the score is here in a fox business exclusive. Less than an hour to the closing bell, lets start the claman countdown. Liz all right. As we said, breaking news. As soon as President Trump gets in front of the podium there, we are awaiting a News Conference where we are expected to hear from him at the White House Press Briefing Room. Thats a live picture. We will keep you posted. In the meantime, literally the timing was very interesting. Just minutes after the gop covid relief bill fell short by eight votes, we heard that the president was going to get before the microphone. All republicans except for rand paul of kentucky voted yes for the bill, and all democrats voted no. The bill would have reinstated enhanced federal Unemployment Benefits of 300 per week. Did not include a second 1200 payment for individuals which is what the democrats have been pushing for. Lets get straight to the white house and blake burman. Blake, we are watching the markets. Much deeper in the red than they were earlier. What do we expect to hear from the president . Reporter i was told well, let me say, i was speaking with a white house official and i asked is this News Conference a direct result as to what came about up on capitol hill. I was told not necessarily. Rather, what we are going to hear from the president is one of the typical coronavirus update press briefings that he has been giving before he gets on the road to michigan later this afternoon. In any event, clearly some very big news expected news, quite frankly, as well here in washington today as that republican skinny bill, the skinny relief measure, some 300 billion, was rejected today. Republicans could not get any democrats to come on their side to clear the key 60 vote procedural hurdle. Afterwards, the Senate Majority leader Mitch Mcconnell was saying what exactly dont the democrats like about this, considering it included things like unemployment insurance, additional funding for the ppp program and money for schools. Mcconnell says all democrats want is a massive bill instead. Listen. Whats to not like about that . What theyre saying is we wont pass things that we are even in favor of unless you give us trillions more. Reporter remember, Senate Republicans first started with a trillion dollar bill. Then they put forth a 300 billion bill. Democrats today say that was a nonstarter, not acceptable. They even described it as emaciated. Here was the top democrat in the senate, chuck schumer. So leader mcconnell this morning demanded that democrats name exactly what we oppose in their bill like it was some kind of challenge. How about the broad immunity provisions from the day he announced them . He knew that it wouldnt get democratic support. Reporter so this is going nowhere as expected, as it had for awhile. Meantime, the president will be leaving the white house later today for the swing state of michigan. You can see the importance there. 16 electoral votes. The president won that state by a very slim margin in 2016. However, it was a big move because democrats had won michigan in the prior six president ial elections. Right now if you look at the real clear politics polling average, Vice President joe biden appears to be leading in that state by a few. I was also speaking, liz, with a Trump Campaign, couple Trump Campaign officials earlier today who said when we hear from the president , expect to hear things like the economy, the jobs status in michigan, the Auto Industry and the president in that state will draw a difference between the president s trade deals and trade vision and that of joe biden. Back to you. Liz you know what im doing, because the dow is now down 370 points, 17, rather, im looking specifically at some of the stocks that have been real beneficiaries of the stimulus like home depot, lowes. Those are both up. Vista outdoor. Of course, people have been camping. That ones up 1. 7 . Amazons down 2. 5 . Zoom down 1. 5 . I was looking at pool, all the pool equipment, thats down. 7 . Advance auto parts, we had tom greco, the ceo yesterday, its flat on the session whereas it had a pretty good couple of sessions on good earnings news. So this all really ties in. We want our viewers to know when it comes to investments and politics, and by the way, we do hear that the president s News Conference will begin possibly precisely at 3 30 p. M. Eastern. Go ahead. Reporter no, i was just going to say, a lot of these companies were citing that 1200 check that the first round of direct payments as to why they were in their quarterly reports, they were saying they were a bischofe beneficiary of that. As it stands right now, that wasnt in the senate bill. You got to wonder where that goes. I can tell you in speaking to folks here at the white house, there is not a belief right now within the building behind me that the president can act on sending out these 1200 checks Via Executive order. They believe it has to go through the hill and you see where things stand right now up on the hill. Its deadlocked. Stalemate. Liz indeed. Indeed. The procedural vote failed once again in the senate. We just want to let our viewers know that, if they just happen to be tuning in. Blake, thank you. Again, 3 30 p. M. , the president is expected to go to the White House Press conference podium. We will take it when he does appear. Meantime, weve got a couple of stocks we need to tell you about. Looks like game over for gamestop bulls, at least for the moment. The video game retailers stock plunging 14. 6 after missing estimates. You know, its been a string of Revenue Misses as well. Gamestop suffering a loss of store operating days in the Second Quarter due to covid19. We knew that. But ecommerce grew 800 but wall street is all about what have you done for me lately. They dont like the news. Stock down 1. 08. Capri holdings and tapestry sitting at the top of the s p 500. Capri the Parent Company of capri, sorry. Im thinking of the isle of capri. Capri is the parent of michael kors, versace. It has appointed a new ceo of the popular shoe brand colloquially known as choos. They are up about 15 . Tapestry better by 9 . Flip it over to shares of overstock. The discounter. At this hour, they are on the move. We are looking at a gain right now of 7 after its block chain focused t zero subsidiary received approval to launch t zero market. That will provide Retail Brokerage Services for Digital Securities such as bitcoin. All right. We are looking at the price of cryptocurrency right now. It stands at 10,325. Its up five bucks right now. Lets get straight to our floor show traders. Tom hayes and phil flynn. Tom, i will go to you first. As a nyse trader, what are you expecting to see as we saw the procedural vote in the senate to pass the gop stimulus bill did not pass, and now we are waiting on news from the president. We are in a bifurcated market. Yesterday you saw the vaccine got delayed and cyclicals were filleted. These economically sensitive stocks are really going to take off and rip to the upside as we inch closer to a vaccine, but for right now, the pain trade, if you remember in april we said the pain trade for the market was up because everyone was looking for a retest. The pain trade right now is a little bit lower for tech. The last five times that tech corrected 10 within a week, it had to go a bit lower before it found solid ground. I think these overvalued concentrated stocks are going to go a bit lower and this represents an opportunity to get ahead of the curve before the vaccine, before the full reopening, and getting to some of the cyclicals that have been left behind like banks. You are seeing today banks, wells fargo is positive on the day with the dow down 362 points. Certainly defense stocks, industrials and some small pockets of energy. Liz phil, you could forgive investors if they watch the market open today, we saw a gain of 157 points for the nasdaq. The dow was up 234. You forgive them for thinking that the threeday rout which started last week was some type of fever dream. It is not. We are starting to see that this was a headline driven market once again. What do you think . I think you are absolutely right. If you are going to trade this market, make sure to wear a helmet and seat belt because its going to be an incredible rocky ride the next couple months. I think you are seeing the activi activity, theres no passion behind the moves on the upside or the downside. We are jumping around like a chicken with our head cut off because there are so many uncertainties here in the beginning of this quarter. Its really a september whipsaw here. Obviously, the market wanted to recover today. Because they think theres value there. They want to be optimistic that our government can actually do something for the people and the businesses and try to help them out. Forget about it. When we got that headline that the deal didnt go through even though it was never expected to get through anyway, it was just another reason for people to take profits. You know, when you start moving on expected news to the downside that everybody knew was going to happen, you know a lot of that is emotional buying. Its not common sense. Because the market priced that in well ahead of time. So i think, i wouldnt be surprised to see us whipsaw back up tomorrow or even late in the session. Liz possibly. I just want to let our viewers know the low of the session for the dow is a loss of 392 points. Right now, we are down 373. So as we are watching this erode just a bit, back to the lows, tom, phil, thank you very much for your perspective. All right. We do have, i want to say, about 48, what is it now, 48 minutes before the closing bell rings. Red on the screen. Up next, bad global actors from russia to iran to china are swirling around the United States right now, unleashing hackers and developing weaponry. United states ambassador to the United Nations kelly craft facing down all those issues and the leaders behind those nations. She joins us next in a fox business exclusive. Speaking of china, ray dalio of the largest hedge fund, bridgewater, just made some comments about investing in china. We will get those to you and of course, we are awaiting the president s News Conference. We will take you back to the white house when it happens. We are looking at weakness in the markets right now. Small caps down about. 75 . Crude oil falling another buck to 37. 06. Well be right back. Give you my world how can i, when you wont take it from me you can go your own way go your own way your wireless. Your rules. Only with xfinity mobile. Liz breaking news. We want you to look down at the lower ticker here and whats on the screen. We are at session lows at the moment. We are down 421 points for the dow. S p down 63. Nasdaq down 254. Perhaps some of this, much of it has to do with the fact that the stimulus bill and the procedural vote to pass it and shift it on to the next procedure did fail in the senate. This was the gop bill for stimulus. It was smaller, sort of skea sky package, than the democratic bill that did pass in the house. The president has announced he will speak at 3 30 p. M. Eastern, about 23 minutes. We will take it because you can see the effect on the markets right now. We have this breaking news. The date for the longawaited peace talks between the taliban and afghan delegation have just been announced. It will begin this saturday in qatar. Secretary of state mike pompeo welcoming the news with this statement moments ago. Quote, i urge the negotiators to demonstrate the pragmatism, restraint and flexibility this process will require to succeed. The u. S. Is prepared to support as requested. Meanwhile, International Diplomatic drama intensifying in just the past 24 hours, whether its china, russia or iran with the u. S. Squarely in the middle and just as tensions are rising, we are less than a week away from what would have been the largest annual gathering of Global Leaders in new york city. But the u. N. General assembly this year will be mostly virtual due to the pandemic. Regardless, the issues are very real and as serious as ever. U. S. Ambassador to the United Nations kelly craft has been grappling with all of them and joins us in a fox business exclusive. First your comments on the Afghan Taliban talks. Its a sign that they have come together and you know, as you know, one of my objectives for afghanistan is the women in afghanistan and making certain that we continue to uplift them and to keep them in the major role that they are in. This is great news for my comrades from afghanistan. I have already spoken to her today. We are very excited to have this news and know that theres going to be a future for the afghan people. Liz i am very happy you just said that. I have worked with the feminist Majority Foundation for years when the taliban was issuing gender apartheid, killing women, doctors and lawyers. Yeah, we need to turn that situation around. Let me get to china, ambassador. We are so glad youre here to talk about this. We have tensions simmering between the u. S. And china. June 30th when china violated the original transfer from britain, the colony of hong kong to china, and in essence, instituted National Security issues and really cracked down on protesters who were pushing for prodemocracy moves there. Now we know that the Trump Administration is considering possibly banning imports from china of things like cotton and tomatoes from the region where the uighurs, the muslim minority, are at the moment. Is this the next step in ramping up yet another trade war . You know, you are so right. First of all, what i always like to open up with when i speak about china is that we value our relationship with the chinese people. We value our relationship with chinese americans. That being said, what we absolutely cannot stand for is the Chinese Communist party, general secretary xi and the way that he has consistently delayed information, concealed information. It is just outright lies and that has caused irreperable damage to the people of the world, whether its our economy, whether its the health, the wellbeing, we have to stand very firm, we have to make certain that we shine a light on the Chinese Communist party, on their human rights abuses of the uighurs, of africans, tibetans, you name it. The way they treat hong kongers, what is going on in taiwan. If you look at taiwan and see that in december of 2019, they were the ones who went to w. H. O. They were the ones who told china this covid19, this wuhan virus, is transmittable from person to person. But the w. H. O. Being a mouthpiece for china did not disclose to us, they were not transparent that has cost us thousands of lives not only in america but all over the world. Liz but ambassador, the president is putting down some serious red lines. One of them is that he will ban tiktok, the short form video app that is chinese owned by bytedance within five days. Apparently bytedance is trying to find an end run around that. Some people perceive that china has boxed in the president. They will force him to ban a very popular app. On top of all of that, there appears to be now a tech war between the u. S. And china. Ray dalio of bridgewater, we are a Business Network so we listen to these voices, largest hedge fund, ray dalio just spoke on the Economic Club of new york zoom website minutes ago. He said china is an effective competitor in trade war, in geopolitical capital military and he said its an attractive alternative that the world is under weight there. Chinas influence is growing. Does the u. S. Risk standing alone at the United Nations when you have a lot of other countries not joining in . You know, i have to say this has never been a popularity contest and we do not mind standing alone. Matter of fact, we will stand alone on any issue that could possibly damage whether it be the cybersecurity, whether it be personal protection rights of especially the individuals that use tiktok. If you see that age group, those are the people that are vulnerable. They are vulnerable to their families information being distributed, being collected. You know, the president is going to do everything in his power first of all to make certain that the American People are safe and that our information is secure. Now, you know, i liz ambassador i beg your pardon . Liz do you think he will ban it in five days . I think whats important is the way that we see the 5g and that huawei and you know, i cant speak for the president but what i can guarantee you is he has thought this through and his Main Objective is to make certain that we protect the information, the personal private information and the technology of our manufacturing, the core of our economy, that we protect them from the Chinese Communist party and from their infiltrating our information. Liz well, you do have the midas touch. When you were ambassador to canada, you were very involved in renegotiating the north Atlantic Free trade agreement so that seemed to work well. We will be watching you and everything that you do. Please come back on another day when we have more news around the u. N. General assembly. We would love to hear your perspective on russia, because we know with all the news thats happening, russia is apparently trying to hack both the trump and the biden campaigns. We will have you back. Thank you so much. Thank you very much. Thank you so much. Liz any time. The closing bell ringing in 36 minutes. The dow is lower by 443 points. That is a more than 800 point swing today. Big moves. In the meantime, touchdown. Penn national gaming, at least theres green on the screen. It is surging intraday, up 7. 9 as rosenblatt starts shares of the barstool Sports Betting partner at a buy with an 80 price target. Thats the highest on the street. Its at 62. 78 right now. One of sports betters rivals looking to even the score as fantasy fanatics place their bets on tonights nfl kickoff. We are talking to the ceo of the gaming app taking the u. S. By storm in the hopes of dethroning Sports Bettings top king pins. The ceo john levy is here in a countdown exclusive next. From fidelity. Now you can trade stocks and etfs for any amount you choose instead of buying by the share. All with no commissions. Stocks by the slice from fidelity. Get your slice today. Makes it beautiful. Stateoftheart Technology Makes it brilliant. The visionary lexus nx. Lease the 2020 nx 300 for 339 a month for 36 months. Experience amazing at your lexus dealer. Eso youre a small businor a big one. You were thriving, but then. Oh. Ah. Okay. Plan, pivot. How do you bounce back . You dont, you bounce forward, with serious and reliable internet. Powered by the largest gig Speed Network in america. But is it secure . Sure its secure. And even if the power goes down, your connection doesnt. So how do i do this . You dont do this. We do this, together. Bounce forward, with comcast business. Im a delivery Operations Manager in san diego, california. We were one of the first stations to pilot a fleet of electric vehicles. Were striving to deliver a package with zero emissions into the air. I feel really proud of the impact that has on the environment. We have two daughters and i want to do everything i can to protect the environment so hopefully they can have a great future. Liz with the backdrop of a tanking market, President Trump is beginning a News Conference at the white house right now. You, too. Thats good. Thats fine. Thank you very much. In the past four months, weve added 10. 6 million jobs including 643 manufacturing jobs and 658,000 construction jobs. Thats far beyond expectations. Weve experienced the smallest contraction of any western nation, meaning weve been affected less than any other nation, western nation, and probably almost i think you can put us in, i just saw some numbers, i think you can put us into just about any category anywhere, and the fastest recovery by far, thats anywhere. Nobodys recovered like were recovering. If we follow joe bidens strategy, we would shut down the entire country after just having set records on growth and we also did have tremendous retail growth, as you probably noticed. Were witnessing the fastest labor Market Recovery from an economic crisis in our history. By contrast, the Obama Biden Administration had the slowest weakest and worst recovery in american history, as you know. We continue to make progress on our fight against the china virus. New weekly cases have declined by 44 since july. Deaths declined by 20 compared to just last week. Its going down very rapidly. Really rapidly. This is in contrast to nations in the European Union which have recently experienced a sharp increase in cases. Theyre having a very big spike over there. Were hopefully beyond our spike. Well see but were doing very well all over our country. In the past five weeks per capita cases doubled in france, surged to over 300 in spain, which i have been hearing about and speaking to some of the leaders of spain and theyre having a hard time, and increased more than 400 in italy again. And as you remember, i stopped, i put a ban on people coming in from europe after the ban i imposed on china, wuhan, but because of wuhan primarily, because that area was very infected. We also put a ban on europe. So spain is being heavily impacted, france and 400 in italy. Yesterday, european nations experienced 50 more deaths than the United States and you dont hear these things. You dont hear these statistics but the United States has done really well. Very proud of everybody that worked on this. And i really do believe were rounding the corner and the vaccines are right there but even not even discussing vaccines and not discussing therapeutics, were rounding the corner. We already have therapeutics out there, by the way, which are having obviously a very big impact because you look at that, you look at the way people are recovering, its so much better than in the past before we knew about the disease and had anything to fight the disease. On schools as part of our science based approach, we want schools to safely open and stay open. Children are extremely low risk of complications from the virus, less than. 2 . 2 of the coronavirus deaths have occurred in those under the age of 25. Most had underlying conditions where there was a problem. Theres no substitute for inperson learning according to a recent study, student progress in math decreased by half and using Online Education compared to inperson or campus education. So online, we think of so many things online and how great it is. Theres nothing like being in the classroom. Thats what weve learned from this whole ordeal. According to the cdc School Closures disproportionately harm low income and minority children as well as those with disabilities and i think you see some slides behind me that are very new, very current. Its also crucial for colleges and universities to stay open and we hope that they do indeed stay open. We want to see big ten football. We hope its coming back. We have a lot of the colleges that were talking about, they want to come back. We hope that michigan agrees. We hope that and i know the governor will have a lot to say about it. We hope she approves it. But we have a couple, marylands another one. We hope the governor puts a little pressure on so that we can have it. But i have a feeling they may do it without having everybody but i think they are going to have maybe michigan, maybe maryland, we have a couple of states that might not participate, but people are working very very hard to get big ten football back and im pushing it, and it will be a great thing for our country and the players and the coaches want to do it really badly. The players are missing. They only have so many years of this and the players are missing a big opportunity, including the chance in some of the cases, they have some of the best players, College Players in our country, and they want to get into the nfl and they want to make money in the nfl and theyre not going to be able to do that too easy if you dont get to see them play. Its much safer for students to live on campus, low risk young people would rather than the alternative. The alternative is no good. Than going home, spreading the virus to high risk americans, they want to be on campus. They want to go back to school and the parents want them back in school. Maybe more so than they want to be back in school. They want them back safely and they want to go back safely but they have to go back. Based on the recent data from more than 20 colleges, not a single student who tested positive for the virus has been hospitalized. So thats a lot of people. Thats a lot of students. Not one has been hospitalized. As we continue to follow the science based approach to protect our people and vanquish the virus, joe biden continues to use the pandemic for political gain. Every time i see him he starts talking about the pandemic. Hes reading it off the teleprompter. Im not allowed to use a teleprompter. Why is that, phil . They ask questions and he starts reading the teleprompter. He says move the teleprompter a little bit closer, please. I dont know. I think if i did that i would be if big trouble. I think that would be the story of the year. When i took early action in january to ban the travel and all travel to and from china, the democrats and biden in particular called itxenophobic. Joe is willing to sacrifice lives toplacate the radical left open border extremists. We saved tens of thousands of lives, probably hundreds of thousands of lives and we saved millions of lives by doing the closing and now the opening the way we did it. Joes decision to publicly attack the china ban proved he lacks the character or intelligence or instinct to do what is right. Now bidens launched a Public Campaign against the vaccine which is so bad, because we have some vaccines coming that are incredible. Scott was telling me about some of the things that are happening. Its very exciting. Thank you for being here. But you dont want to have anything having to do with the political purposes being an antivaxxer. You dont want to be talking about the vaccines in a negative way, especially when you see the statistics that we are starting to see. Theyre incredible, actually. Bidens perfectly happy to endanger the lives of other people by doing something that he thinks is going to help him politically because his polls are getting very bad. Theyre getting very shaky. This was an election that was going to be very easy, very quick and then the china virus came in and i had to go back to work politically, unfortunately. I had to devote more time politically to the other things we do which are very important for our country, but i had to go back to work and it looks like looks like were going up very rapidly. More rapidly than the media wants to admit. And bidens had to go out, hes gotten out of his basement and hes working. Lets see what happens. But we got to talk about how great these vaccines are, if in fact theyre great and i think you will see numbers that will be very very impressive. The approach to the virus is a very unscientific blanket lockdown by the democrats. Thats what theyre talking about. Which takes all of these incredible statistics, records, and it throws them out the window. Now they did say it would be based on the recommendation of the experts but you know, expert or not, were not doing any more shutdowns. We did the shutdown. Now were doing the opening. There wont be any more shutdown. There could be a little section, a small section. We have a breakout, but were not talking about shutdowns like they were talking about depending on experts. Were not going to be doing that. The swine flu was a disaster. You remember, not nearly as deadly, not the same world, but when joe biden was Vice President , his failed approach to the swine flu was disastrous. He called it he called it n1h1. Its actually h1n1. Remember the h comes before the n so its sort of easy to remember but joe always calls it the opposite way but call it the swine flu. It was disastrous. His own chief of staff said that when biden helped manage the swine flu in 2009, they quote, did Everything Possible wrong and 60 million americans got h1n1 in that period of time. This is a quote from his chief of staff. And its just purely afortuitythat this isnt one of the great mass casualty events. It had nothing to do with us doing everything right because we did everything wrong, it was a disaster. It was a disaster. Now hes telling us and he cant manage himself. 270,000 americans were hospitalized during this attack. The outbreak was so rampant that the Obama Administration told states to stop testing. We dont want any tests because they dont want to show all of the things the tests show. By the way, were setting a record on testing. Our testing is at a level that nobodys ever seen before. Were substantially greater than the second country which is india, by the way, which has 1. 5 billion people but were 50 million tests ahead. 50 million ahead. And they ordered the cdc to stop counting tests and stop counting cases and left us a depleted stockpile which is what i inherited. I inherited a depleted, a very badly depleted stockpile. In other words, bidens record demonstrates that if he had been in charge of this very serious highly, highly contagious epidemic or pandemic, the china virus, countless more americans would have died. If we didnt do what we did, and i say it all the time now, because the media likes to belittle what weve done has been incredible. Now you can look at europe and you can look at other places and you can start comparing. Biden is weak on china. Yesterday it was revealed that a fund partly owned by joe bidens son hunter facilitated the sale of a michigan auto parts producer to a leading Chinese Military defense contractor. You dont want to write about that, do you. Biden spent his entire career selling michigan jobs to china. Now the biden family is selling out our country directly to the Chinese Military which has to do with this company that hunter, here we go with hunter again, he didnt have a job, now all of a sudden hes selling companies from michigan to china. Liz all right. We do have a selloff here. Dow is down 339 points. We are off the lows of the session. We are watching this market very carefully. As soon as the president begins to take questions, what we are really looking for is anything that is economically or business focused at this moment. So at the moment, we are looking at the s p down 49. Im wondering if we can get up the volatility index, because we are definitely seeing volatility. So far, the swing today for the dow, more than 750 points. Now, we are looking very closely at the nasdaq, down 184. This is a wall street expression. Dead cat bounce. When you start to see a big move up after a couple of down days which is exactly what we saw yesterday, and then we fall once again, we can say that that was a socalled dead cat bounce. I know its not politically correct but thats what all the wall street guys are telling me right now as im looking at this news here. Okay. We are seeing weakness in larger technology companies. We are seeing weakness pretty much across the board. Its a broadbased selling day at the moment but it is also a day that weeks ago seemed like it would never happen. It is now here. The nfl is kicking off its 101st season. Big money, whether its advertising, whether its owners, many of whom are billionaires, spending a lot of money. Despite player dropouts and covid concerns, and not a lot of people going into the stadiums to watch these games, the business challenges for the league are still mounting. To Charlie Gasparino right now, who is joining us with exclusive new information on the playbook hes putting together his story at the moment, but one of the biggest chunks of revenue when it comes to anything sports related is gambling. Sports betting, sports wagering, games of skill, theres a company as we watch for what are we doing . Can you make it a little clear for me . Okay. We can go to charlie . Okay. Just having a little technical difficulty. Charlie, you are talking about the nfl and the playbook at the moment. Whats going on . Charlie i also had to get in front of the camera because i was working out down stairs in my house because i thought we were preempted by the president. In any event, the business of the nfl is going to be very difficult this year. Heres what we know. 16 billion in annual revenue from the nfl. They are going to make up about 8 billion of that from tv revenues. Thats secured. Thats going to be fine. Its the other eight thats going to be problematic because a lot of these teams are playing in fanless stadiums. Theres a couple teams that will play with fans. This week i believe theres no fans in any stadiums. Tonights game with kansas city and houston, no fans tonight. Dallas will have fans but it has to play at home to have fans. Miami will have fans but it has to play at home. Both those teams are playing away this week so thats one major issue. Thats half of the nfl revenues cut immediately. Thats 8 billion, but 8 billion are in jeopardy because the fans and concessions are up in the air. Now, heres another thing. You know, the nfl has made this year a statement year for essentially social justice. Theres going to be slogans written in the end zones. There may be slogans on helmets. Nfl commissioner Roger Goodell really wants to take a lead on this issue. I just want to say one thing. Im not saying nfl fans dont believe in social justice because many of them, many of them do. But heres the problem that they have from this standpoint and this could really affect tv ratings and the ability to sell advertising. The last time the nfl flirted with social justice a couple years ago, when fans when players began to kneel, fans boycotted the games. Not just at the games, but mainly watching it on tv. Ratings went down significantly. This is where i talk to a lot of nfl executives. While they are all for social justice, they are all for, you know, some sort of political expression, many of them support taking one knee in the past. They are saying listen, we are playing with fire here. Not only do we have half the revenues because the gate is not going to be there. We depend on tv now. We depend on ratings. What happens if the nfl fan, which by the way, liz, skews conservative, skews military, conservative and now, what happens if that nfl fan gets turned off by the political nature of what Roger Goodell has announced he wants to do . Ill tell you, that is clearly an issue and people are talking about it. So the nfl from a business standpoint has got many many hurdles this year. Clearly the covid epidemic cutting fans is a problem. Another problem will be, and it depends on how, you know, we got to see how this whole is every game this year going to have some sort of social justice theme, and do fans react not tuning in. It is clearly an issue. Im telling you, i spoke with many nfl executives on this and they are really worried that Roger Goodell is going to embrace this too much, and the typical nfl fan which must watch, now, remember, its not just the season Ticket Holders who kind of got to go, it is you got to convince people to watch tv. Are they going to get too turned off by the politicization of the game. Again, many nfl viewers, obviously they are for social justice. They probably just dont want politics mixed with their football. They didnt the last time this occurred when players were taking one knee. Its clearly an experiment going now and it could impact ratings and obviously, if that happens, ad dollars for the nfl. Back to you. Liz thats kind of interesting because the nba players all have social justice messages and im hearing a lot of people watching those nba games. Charlie i heard the ratings, to be honest with you, the ratings for the nba were not that great. Im telling you liz well, last night, the celtics oh. They cut charlie off. All right. Heres the president. He is taking questions at the moment. Lets listen in. Because he thinks that, you know, you dont want to have anybody that is going to suffer medically because of some fact, and he didnt report it because he didnt think it was bad. Nobody thought it was bad. Wait a minute. Wait a minute. And your question, the way you phrased that is such a disgrace, its a disgrace to Abc Television network, its a disgrace to your employer, and thats the answer. You ready . Because reporter i of course i do. Of course i do. No, no. Reporter you went out and told the American Public that this was just like the flu. Let me tell you something. Reporter you told everybody else something else. Five times, right, five times. Ever hear the expression five times . Weve had flu years where we lost 100,000 people. The flu is a very serious problem for this country also. We have been losing them. Scott, what kind of number have we lost over the years with flu . Into the hundreds of thousands. I mean, the last five years, it was Something Like 35,000 per year every year even with antiviral drugs. Flu is a very serious problem. Reporter this is worst, deadlier than the most strenuous flu, then you went out and said its just like the flu. What i went out and said was very listen, what i went out and said is very simple. I want to show a level of confidence and i want to show strength as a leader and i want to show that our country is going to be fine one way or the other, whether we lose one person, we shouldnt lose any because this shouldnt have happened, this is chinas fault, this is nobodys fault but china, china should not have allowed it to happen. Whether you have one person, 180,000 people, or two and a half or three Million People which it could have been very seriously if we didnt make the moves, and when you look at the opposition, where they said oh, why did he put the ban on. Dr. Fauci said we saved hundreds of thousands of lives by putting the ban on china. And then ultimately putting the ban on europe. There was no lie here. What were doing is were leading and were leading in a proper way and frankly, if somebody else was leading it, they wouldnt have closed it. If you look at nancy pelosi, you look at cuomo, you look at deblasio, you look at biden, months later, they said theres no problem. Theyre talking about me. Months later. And before any statement was made, you have to remember, i put the ban on china so obviously, outwardly i said its a very serious problem. And its always a serious problem. That doesnt mean im going to jump up and down in the air and start saying people are going to die, people are going to die. No. No. Im not going to do that. Were going to get through this and were right now, i hope, really think were rounding the final turn. And a lot of good things are happening with vaccines and with therapeutics. But theres no lie and the way you asked that question was very disgraceful. I think we did a great job. And the people that did, our generals, our admirals, mike pence, all of the people that have worked so hard and now dr. Atlas, dr. Fauci, dr. Birx, they should be respected for the job theyve done. Reporter so you wont downplay it again . You said you downplayed it. Thats what you told no, i dont want to jump up and down and start screaming death, death, because thats not what its about. We have to lead a country. We are leading a great country and we are doing a great job. And the people that have done such a good job should be given the kind of credit that they deserve. We possibly have de the best job, when you start looking at what were doing with the vaccines and therapeutics and ventilators. We had no ventilators, john. We make thousands of ventilators now a month and were supplying them to the whole world. The job weve done is the best job and dont give me any credit. Give the people that have done this the credit. They have done a great job. Yeah, phil, go ahead. Reporter mr. President , you talked about the need to stay calm and not jump up and down and scare people. A lot of other World Leaders were calm, german chancellor Angela Merkel was very calm as she presented information to the german people so that they could stay safe and protect their families. So why with you as president of the United States, did you not level with the American People, did you not share information that you knew at the time . You already know what im going to say. If you look at the European Union right now, they are having breakouts like youve never seen before and frankly, their numbers are at a level that are much worse than the numbers here. Phil, we have done much, much better than the European Union. I just read you numbers that are not good on their behalf and that are very good on ours and we have rounded the final turn and we have we are going to have vaccines very soon. Maybe much sooner than you think. Listen, maybe much sooner than you think. But we have done a phenomenal job. And the people that have done this job, including the American Public thats had to put up with a lot, with the lockdowns and all of the things they had to do, they have to be given credit. They have to be given credit. Reporter you knew the virus was airborne, you knew on february 7th, you told bob woodward how it transferred from person to person in the air, how deadly it was, why did you not come to the podium and let me ask you this. Bob woodward thought this was bad, this is stuff everyone knew, theres a report i have here some place where china said it was airborne earlier than the statements i made. People knew it was airborne. This is nothing this was no big when i say it was airborne, everybody knew it was airborne. This is no big thing. Reporter why did you not say that in february . Read the reports. China came out with a statement that it was an airborne disease. I heard it was an airborne disease. I assumed that early on. The fact is there has to be a calmness. You dont want me jumping up and down screaming theres going to be great death, theres going and really causing some very very Serious Problems for the country. If bob woodward thought what i said was bad, then he should have immediately right after i said it gone out to the authorities so they can prepare and let them know. But he didnt think it was bad and he said he didnt think it was bad. He actually said he didnt think it was bad. Reporter bob woodward is not the president. The only one who thinks it was bad are the Fake News Media because they take it and try to put it a certain way. If bob woodward thought it was bad, then he should have immediately gone out publicly, not wait four months. You know hes had that statement for four months, maybe five months. Hes had it for a long time. It was a series of taped interviews mostly by telephone. Quick ones. Not long ones. Quick ones. And i did it out of curiosity because i do have respect and i want to see, i wonder whether or not somebody like that can write good. I dont think he can but lets see reporter. Mr. President , were 50 days out of the investigation and we havent seen a lot out of the durham investigation. Do you have confidence in the investigation. President trump i cant tell you that. I have to see. Im not involved in it, i purposely stay uninvolved. Im considered the chief Law Enforcement officer of the country. I could be involved if i want to. I thought it was better if i wasnt. I thought it better if our great attorney general handle it durham who is very respected man. I cant tell you, i can tell you this, they lied. They cheated. They leaked, they got caught. They spied on my campaign. Never in history has there been anything like this. And i guarranty you if the roles were reversed, i was on the democrat side people would have been in jail at the very highest level. People would have been in jail for two years already. Nothing like this has ever happened, the term would be for many, many years because it is treason and other words can be used also. Reporter do you think there should be more indictments as part of this investigation . President trump what i read in your wonderful papers. Discuss looking at the media, not even what i know, i think comey is a disgrace to our country. I think strzok who just wrote a book which is a total fake is a disgrace. I think page, lisa page, his lover is a disgrace to our country. I think that when you look at mccabe, where his wife got 700,000 in Campaign Contributions from Hillary Clinton, right . And then Hillary Clinton is under investigation and yet she paid the head of the fbi, one of the top people, but actually the head because he took over for the other guy who fortunately i fired him. Made a good move when i fired him. That was a smart move. Because they were looking to take down this administration, dulyelected administration. So i fired him. That was a great move when i fired him. Maybe if i didnt i wouldnt be talking to you here as president. When mccabes wife gets 700,000 in Campaign Contributions, when she was running for whatever office she was run in virginia, yet he is in charge of the investigation of Hillary Clinton. He said i wasnt really in charge. He was total in charge. He knew exactly what was going on. These people got probably in the biggest political scandal in the history of our country. They got caught. Now what the Durham Report is going to say i cant tell but if they say half as much as i already know, just from seeing it, you know, you have people, i watch some of the shows. I watched liz macdonald. She is fantastic. I watched fox business. I watched lou dobbs last night, sean hannity last night. Tucker last night. Laura. I watched fox friends in the morning. You watch these shows. You dont have to go too far into the details. They cover things that are, is really an amazing thing. They got caught in the biggest political scandal in the history of our country. They were spying on their opponents campaign, not only spying they were making up fake dossiers. The dirty dossier. They were making up the it was all made up, it was all fiction. It turned out to be fiction. They were using that in the fisa court, this revered court. It is not so revered anymore. You look what they did, how they played it. They hurt a lot of people. General flynn is being hurt and being hurt very badly. He is a wonderful person. I have spoke to general milley about general flynn two weeks ago, i said what do you think of general flynn . He is a great soldier, sir, he is a wonderful, wonderful human being. He has been destroyed. He has been destroyed. No, i think this, without knowing anything about what durham is going to release, the Durham Report well call it, or maybe it is going to be more than a report, maybe it will be much more than a report. Maybe its a report or maybe much more than that but when i look at the things that everybody in this room knows, just from reading about it, from yourselves back and forth i think it is a disgrace to our country. I think if people dont pay a very, very substantial price, it will happen again. This should never ever happen to another president. Thank you very much. Thank you. [reporters shouting questions] connell President Trump in the brady Briefing Room in the white house, taking questions from reporters, mostly on the new book out from journalist bob woodward. Well have plenty of time to go over in detail. As the president