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Transcripts For FBC After The Bell 20240712

The new york newsroom. Blake, we start with you with the latest from the president. Reporter the latest is about an hour away, connell. Were set to hear once again from President Trump, he will be once again bringing back the coronavirus briefings for the first time in many, many weeks. The brief from the white house is they say that the president will be talking about medical advances and the look ahead. That is why they say these are coming back. However when you hear from the top democrat in the senate, there is much different story as Chuck Schumer said today, these briefings shouldnt happen at all. These are going to be short briefings of the president mainly delivering information to the American People that is needed on therapeutics and vaccines. President trump should not take the podium. Every time President Trump takes the podium at one of these briefings he is a threat to public health. Reporter up on the hill earlier today Senate Majority leader Mitch Mcconnell outlined rep

Transcripts For FBC After The Bell 20240712

The plus column and big tech really help the nasdaq today but for most of the session weve kept in check after congress failed to agree on the next stimulus package. Nasdaq of 1. 5 in the doubt up about half 8 and that stinky gaining three quarters of 1 . Lets look at the month all three up, up four months in a row, the big winner was the nasdaq almost 7 , look at the s p up five and half percent and the dow up 2. 4 . Apple, new alltime high, worth more than any other company in the world including the oil, facebook hitting a new record height, apple as well as alphabet reported earnings yesterday and investors still cheering the first two, also but shares are down and the Company Reported the first annual revenue decline. Google under a little bit of pressure today. Finally we know who hacked twitter about two weeks ago, a florida teenager accused of being the mastermind of a bitcoin hack on prominent news users that negative 100,000, he did not act alone, to others charged in the sch

Transcripts For FBC After The Bell 20240712

And sometimes you had to go through nine, 10, 12, different agencies. So even if you did absolute rapid it was many, many years before you could even think about starting it. We have up here, by the way, thats a chart of the old system and the new system. I think the new system is better. [applause] i think it is better not only in time, i think it is better in terms of the process. I think it is better in terms of the importance from an environmental and safety standpoint. But take a look at that. This is what you had to go through, in fact it was much more dramatic when i first came up with this, about a year ago. We took that and we rolled it out, it was so dramatic t kept going and going. The difference is that, so many of those steps you had to wake before you could even think about going to the next one. You had to gut full approvals. Any one of those colors where there was a problem or a rejection meant it was dead. And now you go through this very simple but very comprehensive

Transcripts For FBC After The Bell 20240713

The president meeting right now with congressional leaders at the white house amid on going crisis in syria. Well bring you any headlines from the president this hour. We mentioned we are waiting for netflix now. Wee bring in our panel, gary b. Smith, kadena group president. Also a fox business contributor. Jack hough, barons associate editor. What are you looking for on they netflix. We call it earnings report, how many new customers you bring in who are willing to pay. Last quarter was a disappointment. The stock plunged. I think in this report they dont really have to beat the estimate. I think they do have to meet it. You cant go into this later part of the year without melissa hold on right there. We have numbers. Connell revenue is right in line. 5. 25 billion was exactly what we were expecting. Deirdre will have more details what you see. Stock is selling off there. I dont have a comparable earnings per share number that i can give you yet. Im not sure if it is earnings per shar

Transcripts For FBC After The Bell 20240713

The New York Stock Exchange and phil flynn keeping his eye on the gold at cme and blake burman at the white house. Edward lets start with you. The jobs report last time we saw 3. 5 unemployment an american walked on the moon. 1969 was the year. President donald trump over the moon about this jobs report. White house Economic Advisor larry kudlow though says he is blaming the fed for the sluggish wage growth number in these numbers. Listen. One were still suffering the aftermath of severe monetary restraint in 2018. That restraint is being removed and in fact were about six to nine months that is the usual lag, so i think, the worst of that fed obstacle may be coming to an end. Reporter now one of the numbers in the report that has been overlooked really is the revisions. They have, jobs report for the last two month was revised up 45,000 jobs. That means last month the economy created 168,000 jobs, up from 130,000 jobs that makes last month a little bit slower jobs report look a lot be

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