Transcripts For FBC Countdown To The Closing Bell With Liz C

FBC Countdown To The Closing Bell With Liz Claman September 25, 2017

Moving out. It is continuing to go on though. You can hear the protesters chanting. Now, does the senates repeal and replace obamacare placeholder have a pulse . As the afternoon goes by, some are indicating its dead before arrival because theres a gaping loophole in coverage for what those protesters are concerned about, preexisting conditions. If the senate manages to pass it, will the house close that loophole . Georgia congressman Drew Ferguson is a dentist in the House Doctors caucus. He voted for the house version which included the preexisting coverage. Hell take the pulse of the bill for us live. And the nfl players didnt like President Trumps comments in alabama friday night, demanding that nfl owners fire those, quote, sons of bitches who wont stand for the National Anthem. Will the president end up being right . Ratings today show the showdown is bad for business, but would firing the football stars be even worse . The former owner of the new England Patriots, Charles Sullivan, on what he thinks about the players, the protests and President Trump. On wall street the nasdaq feeling the burn as its most popular stocks get torched. The only to index moving higher right now, major one, well tell you. Were less than an hour to the closing closing bell, lets start the count down. Liz so we are awaiting the president whos about to speak at any moment, but in the meantime, we just wanted to let you know that Hurricane Maria yes, it is still a hurricane is now only 30 miles away from 300 miles away from North Carolinas post. Warnings mean its definitely coming, posted for much of the North Carolina coast, Tropical Storm warnings, and mandatory evacuations have been ordered for visitors to certain areas, especially the ones around hatteras island, right now maria is moving north at 7 miles per hour, and we promise we will bring youorenformation as it getslor and closer tohe cot. Tually, its a category one at the moment. Its the thing, its just not dying. Quickly checking the markets, north korea jitters making their way back on wall street. Take a look at this chart. Around 11 a. M. Eastern today the rogue nation came out with a stark warning saying it has the right to shoot down strategic u. S. Bombers even if theyre not in the air space. The news sent the dow tumbling 130 points to session lows and i believe for the nasdaq which is coming down for a whole bunch of reasons but looked very, very dramatic, i believe down 82. Both are up off the lows of the session, but the volatility index is spiking right now. Off the highs but still up about 12. The vix is the the biggest gain since september 5th. The latest geopolitical flareup is driving investors into safe haven assets. If you look at the tenyear treasury yield, it is falling three basis points. Right now the yield 2. 22 . Gold bugs always like are it when money goes in, but when you start to see average investors push in a little money, you can tell theres concern. Up 14 a troy ounce on. But there is a bright spot in the market today, thesrussell 2000. The small and mid caps. We know you own a lot of those stocks, but it is moving higher just slightly at the moment. We can see the russell, we let me just check. Russell, actually, and this is significant, hitting an alltime high today. It is still higher, just fractionally, i would say its almost flat here, but pretty significant. When Everything Else is down and you do have, certainly, regular volume for most but more volume for the tech stocks that are moving lower, that is something to be mentioned. One of the most highly anticipated mergers on wall street possibly hitting a roadblock. Shares of sprint tumbling on reports that rival tmobile will not pay a big premium or any premium at all if the two Companies Agree to merge in an allstock deal. So sprint is falling eight and a third percent, tmobile down about 2 . But when a company gets bought, their shareholders definitely want to see a premium. However, this all gets very, very complicated sometimes because tmobiles real parent is Deutsche Bank and sprint, soft bank, so depends on what the bigger guys in the picture say. To the white house right now, where President Donald Trump is set to make that announcement at any moment from the oval office. Heres what hes expected to announce. Hes expected to sign a memorandum that instructs the department of education to invest a minimum of 200 million each year to expand access to high quality socalled s. T. E. M. And Computer Science education because thats where the jobs of the future and currently are right now. This as it was revealed just moments ago that the white house by the white house that certain details of President Trumps tax plan have been finalized and will be revealed on wednesday of this week. Let us get to fox business blake burman who just left the White House Briefing to give us a preview. First to this i hesitate to call it jobs because its really for the department of education to then, certainly, train kids to be prepared for the jobs that will be open in the future, correct . Reporter and this yes, liz has specifically been a pet project of ivanka trump. These s. T. E. M. Related educational experiences for students and trying to build that up within schools all across the country. What were about to hear from the president is this new memorandum that he will sign instructing the department of education to put at least 200 million a year into schools specifically for these s. T. E. M. Educational experiences, classes essentially, and they want a big focus on Computer Science. You were talking about tax reform too as well, and the press secretary, sarah sanders, saying how certain parts of tax reform have been finalized. That comes as the president said over the weekend that parts of it had, indeed, been finalized. But the press secretary moments ago gave us a bit of a preview as to what we can expect to hear from President Trump on wednesday when he travels to indiana for the big unveil. The president will are discuss new details on the framework for these cuts and reforms. These details will include specific proposed rates for individuals, Small Businesses and corporations, and he will also discuss the elimination of loopholes that have rigged the current tax code in favor of the wealthy and well connected. Reporter moving the markets on this day as you discussed, liz, is this threat or this declaration from north korea in which they feel the United States has declared war on that country. A north korean official even saying today that they feel they could, quote, shoot down United States strategic bombers at any time. Sanders was asked about that, and she pushed back against the notion that the u. S. Is at war with north korea. Well, weve not declared war on north korea and, frankly, the suggestion of that is absurd. Reporter dominating the White House Press briefing though, of course, is this new National Conversation about the nfl and players kneeling and President Trumps reaction to it. I bring that up, liz, because as you know we just talked about it, the president is expected to speak from the oval office momentarily, supposed to be on this s. T. E. M. Announcement. We often hear questions shouted, the president often answers those. I have a strong suspicion if he does, itll be on that topic. The white house is already trying to build up the argument that the president is not against these nfl players; but, rather, for the american flag. Well see when this is posed to the president , if it is, how he responds. Liz we actually, blake, have the former owner of the new England Patriots coming up in just a moment, so i hope people stay for that. Well pointedly ask him, of course, if you owned the team today, would you fire these players, stand with them or come up with some other solution . Youve got to hear what he has to say. Thanks so much, blake. Reporter yep. Liz throngs on angry protesters from around the country barging in on the Senate Finance Committee Hearing on grahamcassidy. That, of course, is the revised American Health care plan bill that the senate is hoping to get passed, voicing their opposition to the Gop Health Care bill. And it could come up for a vote any day now. I believe the deadline is saturday if they want just for it to pass by 51 votes. The bill was hastily revised over the weekend to direct more money to states where senators are a little intransigent and a lot intransgent; alaska, arizona, john mccain, kentucky, rand paul, maine, Susan Collins. These, of course, are states where senators have said theyre wavering to the no side or they will not vote in favor of the bill or theyre just saying theyre undecided at the moment. All of this as the senate careens towards the saturday, september 30th, deadline to repeal and replace obamacare. Republican congressman from georgia Drew Ferguson is a dentist and a member of the gop doctors caucus. Thank you so much for joining us. With your practiced both political and medical eye, does this thing have a pulse in the senate, or has it already flatlined . No, i think it does have a pulse, and i think its important the senate keep work on it and get the house a bill. Weve already passed a bill in the house, weve shown a willingness to push forward on this issue. And what the senators know is what i know, that my constituents back home are hurting under obamacare, and we have got to do something, get them some relief, and lets fix our Health Care System. Liz you voted yes on the original American Health care act, correct . That is correct. Liz now, it protected people with preexisting conditions. Grahamcassidy, as we understand it, allows states to increase premiums for people with preexisting conditions, and while supporters argue that states can get a waiver from obamacare protections like preexisting conditions, itll be fine as long as the states promise and i quote adequate and affordable coverage. Heres the problem, representative, it isnt specifically articulated what adequate and affordable coverage is. And that was the exact point that fox news Chris Wallace pressed mark short about that issue. Lets listen to this, and then you can comment. Adequate and affordable coverage will be guaranteed to every one of those states that apply. But they can whats the definition of adequate and affordable, and what does it mean when a state can raise premiums . State that is, again, that is a separate question, and do you want washington, d. C. Dictating what across the country what those rates are for everybody what good is Insurance Coverage if you cant afford to be covered . Liz so, congressman, do you have any idea what the bills definition of adequate and affordable is . Well, were waiting to see what the final bill coming from the senate is, but i can tell you this i think the question, the end of the question right there in the interview where they said what good is coverage if you cant afford it is exactly what were saying about the Affordable Care act right now. We have premiums that are through the roof, deductibles that are really out of reach for the average american family, and so we have got to move in a different direction. And i think that anytime that we can return power to the states in the Decision Making closer to the people, its a good day for america. Liz you know, you are so right. I have a very close friend who is a freelancer in chicago. Well, she already cant afford it, but in a couple of months some trigger is going to be pulled, and she said i will not be able to afford coverage. So it absolutely has to be fixed. But if it were to pass in the senate as is and it must come back to the house for a vote as it stands, would you give it a yea or a nay when theres this squishy area about what really is covered as far as preexisting conditions are concerned . Because just about everybody i know whos an adult has Something Like that. Well, let me say this, i stand by what we said originally in that we want to make sure that every american has access to affordable coverage. I certainly havent seen the final draft of the bill as theyre still working on it, and were going to wait to see that. But were going to do everything that we can to do our part to push this bill across the finish line because what we have right now is simply not working. Its unaffordable, its a broken system. And its not only hurting patients, its destroying our entire Health Care System. You know, at the beginning of your interview you asked about me being a health care provider. I will tell you this is going to continue to drive providers out of the medical community, and were going to exacerbate the problem of access to care. So weve got to do something, and i believe this is a step in the right direction. I also think its important to remember that we as congress should not expect to take one single vote in the Health Care Debate to be over. This is the first step in what will be a long process of rebuilding our Health Care System and moving away from the Affordable Care act. Liz before we go, as health care stumbles and tries to find its way, do you have belief that the tax reform plan can pass, signed, sealed and delivered as promised by the end of this year . I do. Im excited about the possibilities, im excited about a plan that is much more simple, that is much more fair. It removes the loopholes and the unfairness in the tax system. It lowers rates on every single american. Thats what were fighting for. And i believe that it will happen because this nation is hungry for job growth. Americans want good paying jobs. We know that if we do, if we do our homework, we get this right, we are going to have success as a nation economically, and that is vitally important because we have a 20 trillion debt, and we have got to pay that down. Liz and floss, always floss, right, dentist . Absolutely, yes. [laughter] liz i know. Im a little obsessive about flossing. Hey, thats a good thing. Liz keep us posted. Congressman Drew Ferguson, thank you so much. So in the end, were always talking about business and whether its health care or anything else, the nfl is a business that literally owns a day of the week. With the closing bell ringing in 45 minutes and the dow cutting its losses in half, it definitely wasnt any given sunday yesterday as scores of players and owners knelt in protest over the president s stance that players should be fired for taking a knee during the National Anthem. But will any of the owners really fire players . And what will that do to the league as a business . A fox business exclusive, the former owner of the new England Patriots with his bet on how this drama plays out and should play out. And its not just nfl jobs the president is focusing on. Hes about to reveal live from to School Office oval office how he plans to fill the gaping skills gap. Countdown coming right back. Nah. Not gonna happen. Thats it. Im calling kohler about their walkin bath. My name is ken. How may i help you . Hi, im calling about kohlers walkin bath. Excellent happy to help. Huh . Hold one moment please. [ finger snaps ] mmm. The kohler walkin bath features an extrawide opening and a low stepin at three inches, which is 25 to 60 lower than some leading competitors. The bath fills and drains quickly, while the heated seat soothes your back, neck and shoulders. Kohler is an expert in bathing, so you can count on a deep soaking experience. Are you seeing this . The kohler walkin bath comes with fully adjustable hydrotherapy jets and our exclusive bubblemassage. Everything is installed in as little as a day by a kohlercertified installer. And its made by kohler americas leading plumbing brand. We need this bath. Yes. Yes you do. A kohler walkin bath provides independence with peace of mind. And ask about saving 1,000 on your walkin bath, or visit kohlerwalkinbath. Com for more info. So we need tablets installed. With the menu app ready to roll. In 12 weeks. Yeah. The world of fast food is being changed by faster networks. Data, applications, customer experience. Which is why comcast business delivers Consistent Network Performance and speed across all your locations. Fast connections everywhere. Thats how you outmaneuver. Liz some of wall streets biggest hot shots of the year are swimming in a sea of red at this hour. Its pretty much a sell signal for amazon, netflix, google parent alphabet and microsoft. And in the end, thats dunking all of the major averages in red ink except for, well, its really flat, but the russell 2000. Are the hot shots diving because of a threat by north korea to shoot down u. S. Planes, or is it Something Else . To the floor show, matt, ill bin with you are traders pinpointing the north korean statement that President Trumps bellicose language institutes a deck la constitutes a declaration of war . Everything im reading on all the web

© 2025 Vimarsana