Transcripts For FBC After The Bell 20171117 : comparemela.co

Transcripts For FBC After The Bell 20171117

Linking Hillary Clinton with the dnc and the russians s there enough there there to appoint another special counsel . In last nights Senate Finance Committee Markup of the bill. Well play the interaction with talk on capitol hill. Joining us town halls guy benson. Florida congressman ted yoho, ambassador john bolton and Texas Attorney general ken paxton. Melissa breaking news. Youre looking live fire in residential building. Look at that, it is huge. This is at 144th street. Manhattan in new york. Fdny tweeted about the fouralarm fire. Well break in with any further details as we monitor the situation. The flames devouring the building, sending so much smoke in the sky. The dow closing in the red down the 99 points after rallying 240 points yesterday. Nicole petallides on floor of necessary psy. The stocks got a big boost. We had the house pass the bill last night. Why is the market in the doldrums . Utilities and technology and health care, reality everything good for the tax overhaul when that foes through the market goes up, if it hits roadblocks the market sells off. The move is not a big one. But it clocks in the second losing week in a row for the dow after eight weeks of gains. Want to take a look at some movers today. Tesla had big unveiling in california yesterday where everybody was waiting for the semitruck. The stock was up about 1 today. They also gave a glimpse at the new Second Generation roadster, the 200,000 vehicle. The headlights went on, everybody would cheer. It was a big deal. J. B. Hunt, trucking company, walmart, even ryder is putting something to order more trucks. That is good news for tesla. Can maybe wipe away some production issues they have had recently. Look at apple. There is a lot of hope for the apple speaker. This is 350 item. Im not sure, some analysts say how will this compete with behemoth of amazon echo . Echo dot is 50 bucks. There is another delay. It will be beyond christmas. Not good news here for apple and its new homepod speaker. That is tough for apple. It finishes down 95 cents at 170. 15. Melissa i know why anybody wants that in the middle of their living room. David get one for 50 bucks from amazon. Doesnt make sense. Meanwhile the white house wrapping up a jampacked press briefing highlighting components of the tax plan with president s chee economist kevin has sit and the take on hall al frankens Sexual Misconduct. Reporter you have two polar issues on this day. Both of them front and white house. Wife of roy moore, kayla moore, that he is not getting out of senate race in the state. Sarah sanders said it is up for the people of alabama to decide exactly with to do in that race. The other issue of course, that falls under that umbrella the issue involving al franken. Specifically the press secretary Sarah Sanders was asked as she said yesterday in the briefing it was appropriate for the senate to investigate al franken, why it is not appropriate she was asked for the president himself to be investigated for past claims made against him of Sexual Misconduct. Listen part of that exchange. This was covered pretty extensively during the campaign. We addressed it then of the American People spoke very loud and clear when they elected this president. How is this different . I think in one case specifically senator franken has admitted wrongdoing and the president hasnt. That is very clear distinction. Reporter briefing started as sanders brought out cea chair Kevin Hassett talking about gains made on tax reform. Has set was peppered about individual side of the senate plan, phaseout for the individual tax cuts to occur in 2025. When wees asked about it, cited political reasons, reconciliation and need for this to be deficit neutral over the course of 10 years. I follow you had by asking hassett, if there is any good reason to sunset them in 2025 or afterwards. Here is his response. For the most part permanent tax cuts are far more impactful when things expire. Look at Obama Administration here during the great recession, they even extended bush tax cuts at the top because they understood this. Reporter admitting it would be better if the senate tax cuts on individual side would be indeed permanent meant. David and melissa, you remember the scene earlier this week at wall street journal ceo council with gary cohn, how many ceos would reinvest in their companies. They asked for a show of hands, a couple appeared during the crowd. Haas set was asked. I spoke after gary cohn, he was asked the very same question, about half of the ceos raised their hand. Still some would say a number left to be desired. David he is economist. He focuses on economic history. It is shown when you have tax cuts you have economic growth. Very simple. Reporter that sort past his argument. David lets bring in carol roth, entrepreneur, former investment banker and jack hough from barrons. I thought it was refreshing, a nonpolitico facing the Political Press was nice. I loved his knockdown, when one reporter asked about trickledown economics that is all the tax cut was, he had such a great knockdown trickledown economics, people use this as excuse to pretend that there are no economic effects from tax cuts when in fact there are almost always. Absolutely. I think the biggest challenge they didnt go far enough. We all know cutting taxes will lead to more growth. The challenge is, they have cut taxes on the corporate side, which is very muchneeded. Unfortunately most of the Small Business owners in this country, which is the backbone of the economic engine and who really create most of the jobs in this country will not benefit from this. I have spent the entire day emailing senators and laying out things they need to do, including making sure all Small Business owners can participate in these tax cuts because you are exactly right. When we is cuts for the Small Business owners, they can reinvest in the business, same as corporations. When you have i had on the individual side they spend more that creates growth. That is what needs to happen. If they stop short, it is not going to work. Im afraid that will, market is david may not work as effectively but i think there is going to be some effect. So that point, jack, ubs says, just looking at the Corporate Tax rate, even if it goes up from the 20 that the president wants to 25 , they have done analysis. They say it hasnt all been baked into the s p 500. The s p 500 would have 6 1 2 boost in earnings per share if the corporate rates just goes down to 25 . If you had that sort moveddest decline in the corporate rate, you wouldnt have to make this kind of al franken twohanded grab on middle class income. David you had to bring that in. Over the longterm plans ive seen thus far. Something a little more benign for the middle class or beneficial for the middle class, you could still get some Corporate Tax break. David carol, you brought up a good point which is Small Business. Theyre bothered by the fact that their rate doesnt come down to the 20 for big corporations. Ron johnson said he will not vote for the tax bill. He is a republican, until that is resolved one way or the other. How do you think it will be resolved . I certainly hope reaching out to senators like senator johnson and senator brown who understand david youre responsible for senator johnson holding out on that . I dont know if he actually read anything i said yet, laying out case you have to remove those guardrails. If youre a Small Business owner, solo on entrepreneur, 22 million, you still david we get it. How will it be resolved between the house plan and the senate plan for Small Business . I certainly believe the republicans will never take an opportunity to screw something up and not screw it up, unfortunately im not optimistic. Beating on it and beatings on it hope they go do the right thing because it makes economic sense to do so. David i think it does and i think ron johnson has an open mind or at least that is what he said. He said he is not absolute about this somehow they work it out in committee. Jack, carol, have a good weekend. Thank you. Melissa. Melissa the white house fielding numerous questions on Sexual Assault in the briefing following the disturbing al franken allegations. This is something that should be looked at and widespread not just in the political sphere but in the business atmosphere and across the board in this country. Something we certainly take seriously. Melissa here now to react, guy benson, town hall Political Editor and fox news contributor. Guy, this turned into a freeforall. It has and there is a lot of names that are being attached to this and there seems to be whispers and some buzz in d. C. That there are more lawmakers. Melissa no doubt. That are going to be sucked into this i saw a moment ago on twitter, there is allegation against senator blumenthal of connecticut. Again you have to wait and see if these people are credible, so on, so forth. I think we might be at the beginning of this whole saga of trying to clean some of this up, as opposed to getting towards of end of it. Melissa one of the things i find overwhelming, how do you sort through these allegations . It used to be people really crucified the victim, it was very scary to come out. Now it feels like were in a zone, we believe people come out and make these claims. I worry down the line, that it, we stop looking closely and, you know, does it degenerate into a situation were not properly vetting people coming forward . I dont know. How do you sort through that in your mind . That is it really tough because, youre right, in the past, there is a lot of victim shaming and attacking of victims. Melissa right. Which takes a lot of people who were truly attacked and victimized and makes them very hesitant to come out and many cases they never do. That is not a healthy thing. Melissa right. But we shouldnt also pretend that there is no such thing as false allegations. That people wont just pile on political figures that they dont like. Melissa right. Because they dont like them politically and it is convenient. One example i would give, melissa, in 2014, there was a congressional race in san diego where the republican nominee was gay, and there was an allegation about sexual harrassment against him. It cost him a very close election because of that allegation, which after the election, the person who made the allegation admitted to fabricating evidence. This does come in play, false allegations. Tough to tell who is telling the truth. It comes down to credibility, amount of evidence and patterns of behavior. Melissa you talk about opportunism. You look at Kirsten Gillibrand and her coming out saying this. Lets listen. Is it your view that the president should have stepped down at that time given the allegations . Yes. I think that is the appropriate response but, i think things have changed today. I think under those circumstances there should be a very different reaction. Melissa i mean, what is so frustrating about this, being a new yorker, no one has benefited more from clinton money and clinton coattails than Kirsten Gillibrand. Here she is coming out, now, a million years later, throwing bill clinton under the bus frankly where he deserves to be. Now that she used them to her best advantage for years and years, i dont know what is your take on this one . Yeah. Because she is trying to be woke as possible because she will run in 2020. Now the clintons are expendable. Very recently they were very invaluable. You would never cross them if you were her. Now it is easy to do so because theyre out of power and relatively convenient to do so and politically expedient to do so. I think it is completely fair to conservatives for conservatives to attack democrats who are all of sudden coming to jesus seeing light on bill clinton who had credible allegations against him for years. They circled the wagons for him. Not just in the 90s but up to 2016. He is hero of the party. Speaking at every convention. Raising money for all the democrats. All of sudden, now we believe juanita broaddrick. Now the stuff from paula jones something we should Pay Attention to. It seems opportunistic, which last point, is not a defense Something Like roy moore. Just because the democrats have done something terrible, doesnt mine the republicans should defend stuff on their side. That is bad look for democrats. They should be called out for their being hypocrites for political reasons. Melissa guy benson, thanks for coming on. We appreciate it. Always good to see you. Sure, melissa. There is more honor among thieves than among politicians, i think it is fair to say. Melissa it is true. David youre looking at saudi arabias king. He could passing down his crown early as next week. Former ambassador john bolton, whether the changes in the kingdom could affect the antiterror Coalition President trump put together in saudi arabia. Melissa a fund for secret taxpayers paying for it, of course we are. Talking millions of dollars. David the debate gets heated in the Senate Finance committee. Senator orrin hatch blasting Sherrod Brown after claiming that the tax bill only benefits the rich. Here is a taste. Dont spew that stuff on me. I get a little tired of that crap. If we worked together we can pull this country out of every mess its in. We could do a lot of things that youre talking about too. With a level of protection in down markets. So you can head into retirement with confidence. Brighthouse financial established by metlife. Eight hundred dollars when wet switched our auto and home insurance. With liberty, we could afford a real babysitter instead of your brother. Hey. Oh. Thats my robe. Is it . You could save seven hundred eighty two dollars when liberty stands with you. Liberty mutual insurance. Or a little internet machine . It makes you wonder shouldnt we get our phones and internet from the same company . Thats why Xfinity Mobile comes with your internet. You get up to 5 lines of talk and text at no extra cost. So all you pay for is data. See how much you can save. Choose by the gig or unlimited. Xfinity mobile. A new kind of network designed to save you money. Call, visit, or go to xfinitymobile. Com. David arab reformation . Reports surfacing that the Saudi Arabian king plans on stepping down next week, making way for his 32yearold son, Crown Prince Mohammed Bin Salman to take control. To john bolton, former u. S. Ambassador to the u. N. And fox news contributor. Ambassador, we remember president trumps first foreign trip as president was to saudi arabia. The president put together a very successful coalition of arabs against terrorism and iran. That was a very important coalition for us. Is that in danger with all these shakeups in the kingdom . Well, i think that the shakeups in saudi arabia are really a further step in the effort, by Mohammed Bin Salman to modernize saudi arabia and certainly cleaning up corruption to make the people feel theyre getting more of the wealth of the oil of the country than just the crumbs off the table with the royal family walking off with the rest. All of that makes sense but i must say, the norms of saudi behavior since the kingdom was formed are being swept aside very quickly. So you have got 2900 other princes who are now not in positions of power, who are not happy. The wahhabi clerics are not happy. The terrorists groups may see an opening here. I hope theyre prepared in saudi and i hope the United States government has a plan b, in case we find ourselves in a shah of iran scenario. David i was going to mention that. The shah of iran did a lot of modernization. His wife was trying to modernize the role of women in iran. It led to backlash of fundamentalists. It led the ayatollah khomeni. The same thing could happen in saudi arabia, yes or no . Look, i think it is possible. The idea youre making extraordinarily rapid changes, none of which i think people in the United States find terribly unsettling. Imagine letting women drive, how about that . David right. But for the conservative clerics and the radicals on both sides of islam, this i think is potentially very disturbing. David it is risky. To take advantage of destablizing saudi, imagine what that could do to International Oil prices. David some producers here could fill in the gap but it would be very dangerous. Quickly i want to switch to russia, uranium, u. S. And the uranium one and what amounted to 25 sale of our uranium reserves to a russian company. You have all these russian Board Members of this russian company, rosatam giving gifts to the Clinton Foundation. Russian oligarchs are the worst fill lan throwists in the world. They dont give something unless they thought they were getting Something Back for that. What do you think they were getting for it . I think they were getting to Hillary Clinton during her tenure as secretary of state even before the 2008 election to the return of the clinton dynasty. It somehow had been derailed in 2000, because al gore couldnt quite carry on. Surely hillary was going to be president. It was only a matter of time. The royal family got a senate seat in new york even though she lived there, it was all happening. Walter russell meade, great historian described the Clinton Foundation and all the satellite organizations the equivalent of our century, from the 19th century tammany hall Party Machine in new york city. It was a way to fl

© 2025 Vimarsana