Transcripts For FBC After The Bell 20240713 : comparemela.co

Transcripts For FBC After The Bell 20240713

To retail after macys posted stronger than expected Third Quarter results that missed on Third Quarter sales. Three heavyweights expected to release numbers. Well bring you the numbers just as soon as they hit and impact on your money tomorrow. First, here is what is new at this hour. At the white house President Trump is about to award the National Medal of the arts, National Humanities medal for the First Time Since taking office. Among the recipient, actor jon voight, author james patterson, and Country Singer allison krauss. Well bring you any breaking headlines from the president. Plus on capitol hill the marathon public impeachment hearing continue. Meantime President Trump is meeting with the biggest ceos in the country. The commanderinchiefs new request from tim cook. And netflix suffering a worldwide outage. The current status and the latest response from the streaming giant. If you thought you were watching netflix tonight, you better tune in. Connell we have fox Business Team coverage of all our top stories with Edward Lawrence on capitol hill. He will have the latest on trade. Kristina partsinevelos and Jackie Deangelis both in our newsroom here in new york but edward, we start with you. What is the latest . Reporter the ball is in the administrations court. That is what House Speaker nancy pelosi told me on the future of usmca. There needs to be more protections in the agreement, not just inside papers. There may need to be more negotiations with canada and mexico before this is all said and done. For that reason the House Speaker says, as well as the all the committees that have to sign off on the deal there may not be a vote on usmca this year. Listen. Im not even sure if we came to an agreement today that it would be enough time to finish. But, just depend on how much agreement we come to. Reporter there was no agreement that was made today. The house, after the house votes on it. The senate will have to take up usmca. Now today House Minority leader Kevin Mccarthy tied the usmca to the impeachment process saying the House Speaker was on a path to said what she said last month. Then they started these impeachment hearings. The House Minority leader said the vote got delayed because of those impeachment proceedings. There is growing pressure from the freshman democrats in the house to get a vote on usmca. The House Speaker said she told those democrats that the legislative process takes time. And because there may need to be renegotiations with canada and mexico, again that vote may not happen this year. Back to you. Connell Edward Lawrence on capitol hill. Melissa stepping up the pressure, President Trump is expected to sign the hong kong human rights and democracy act into law as the escalating violence is threatening to turn the Global Business hub in something that looks more like a war zone. Fox newss Jonathan Hunt is in hong kong with the details. Jonathan . Reporter the students at the Polytechnic University here have all along said they are desperate to see President Trumps signature on the human rights and democracy act. They have painted their pleas for help on buildings on campus. They have arranged safety helmets in the shape of the international sign, sos. And they have honk the stars and stripes as an indication theyre looking for the u. S. To do more. Even though they are grateful for the language of senators like marco rubio who tweeted after the house passed the bill already unanimously approved by the senate, quote, over the last 24 hours by a cumulative vote of 5171, the United States congress has made it clear that america is going to stand with hong kong. A few dozen studentsed meantime remain holed up on the campus determined to avoid arrest, looking to get out any way they can. Trying to run out from the sewage system. They tried to go out by roof or climbing out and jump down from the building, trying to go up from rope and trying to find someone to take them out. So, theyre looking for different way. Reporter the Chinese Government already condemned the hong kong human rights and democracy act saying that the u. S. Administration should stop, quote interfering in chinas internal affairs. Connell were joined with more on this by jack hough barrons associate editor. Begin with jonathans last point. They may not be happy with the president if he signs the human rights bill. Any impact on the china trade talks . It could slow things for sure and the question many of your viewers might have, with will that mean for investors, economy here in the u. S. . I honestly dont think it will mean that much. I dont think china trade is the driving narrative of this stock market. Weve had a 10year narrative of positive but lackluster growth here, very low interest rates. Decent growth from corporate america. A really strong corporate sector here. We return now to positive earnings growth. This is the last quarter of very weak growth. Connell right. I think investors look ahead to next year, saying companies in the u. S. Will grow up. Stock market will continue to move higher. We would love to see a trade deal, but i dont think that is a necessary condition for the economy and the markets. Connell could still go up even without that. Well bring you back on another story later on in the hour. Jack hough. Melissa the fight against misinformation. Facebook is weighing steps to curb targeted political ads, this according to the wall street journal just one day after google announced a similar approach on its platform. Lets go to Kristina Partsinevelos for more. Right now as we speak facebook has the least restrictive political advertising rules but like you mentioned this new wall street journal report is showing maybe facebook is starting to crack. Theyre considering right now at this point increasing the minimum number of people targeted in political ads from 100 to a few thousand. The thinking behind such a change would stop the spread of fake news which kind of tends to happen when youre targeting smaller audiences. A lot of large social Media Companies though are weighing in, like you mentioned. You got google and google which operates youtube. Just announced a ban on political advertisers from targeting consumers based on their political affiliations. Kind of like in the middle. You have twitter, not too long ago, also announced an entire ban on all political ads. So if youre comparing all three, big technology, versus political advertisers, you have got twitter complete ban, google partial ban, considering changes. Zuckerberg met with the president for a secret dinner in october. Maybe things are changing. Social Media Companies are definitely weighing in on free speech. Melissa very interesting. Everybody is talking about netflix suffering this big streaming outage earlier today. What is the latest on on that. There was a little panic from people around the globe. I tried to reach out to the Company Getting confirmmation because yes, there were outages on their streaming platform. Twitter, it was just a few hours. Twitter immediately said they fixed the situation. They put out a tweet from the account, saying theyre sorry. They apologized. They didnt provide any details what the issue was. They apologized for the inconvenience. If you look how the stock did throughout the day, this news came out, investors pretty much shrugged it off. Look at that. Climbed up over 2 . Closing higher today. This comes at a period when netflix is facing steep, steep competition. Disney plus launching their streaming platform, apple tv, yet netflix seems to be resilient . Melissa put out the new season of the crown. That is fabulous. Kristina. Thank you. Connell only thing i was thinking about honestly. Forging a new wall street behemoth. Charles schwab buying td amarried trade for 26 billion. Jackie deangelis with more reporting on it. Jackie. Those are nice closing prices if you owned either of those companies. This proposed merger, weve been waiting all day to hear companies confirm it is actually happening. We still dont have the confirmation just yet. Investors are loving the news. The combined entity would be five trillion dollars of company. Schwab ceo. Walter bet tinger would run the new company. Schwab was the disruptor, the one that flipped the tables in terms of the industry taking commissions down to zero. A lot of people were worried that would mean less revenue for schwab. But schwabs new client accounts they jumped 31 in october. Coincidentally the Company Announced commissions going to zero but at the same time a lot of others had to follow suit. So you have industry buzz right now. Who will be next . Is it Interactive Brokers . Would it be evident trade . A lot of companies out there to look at at this point. What is interesting also to note is that you put the two companies together, this new schwabTd Ameritrade youre competing in a much bigger Playing Field here. Youre competing with big players like vanguard and even blackrock. Connell is that just the size of the deal . People start to think about regulatory hurdles on deals like this. Are we hearing anything about that . That is a great point, connell. Barrons put out a great piece not long ago, bringing up the idea youre creating a new breed of Brokerage Firm here. Regulators could look at this with scrutiny even though wall street seems to love it. More to look at in this day and age in the financial crisis. Something to watch out for. Connell thank you, Jackie Deangelis. Melissa taking aim at facebook. Elizabeth warren slamming Mark Zuckerberg for secret meeting with President Trump. What is really up with this new odd couple . More on the president and the zuck coming up. Connell odd couple. A game divided. Major League Baseball has a controversial new plan that could leave small town teams without a team to root for, Minor League Team. One congressman is fighting back on that coming up. Melissa brand new ride rolling into the silicon valley. It is shaking up the auto industry. What elon musk is calling teslas best product yet. Vitis. And the clock could be ticking towards bad breath, receding gums, and possibly. Tooth loss. Help turn back the clock on gingivitis with parodontax. Leave bleeding gums behind. Parodontax. Im not really a, i thought wall street guy. Ns. Whats the hesitation . Eh, it just feels too complicated, you know . Well sure, at first, but jj can help you with that. Jj, will you break it down for this gentleman . Hey, ian. You know, at Td Ameritrade, we can walk you through your options trades step by step until youre comfortable. I could be up for that. Thats taking options trading from wall st. To main st. Hey guys, wanna play some pool . Eh, im not really a pool guy. Whats the hesitation . Its just complicated. Stepbystep options trading support from Td Ameritrade ugh, another electronic signature. You have to print, walk, sign, scan, recycle, walk, email yourself. Really . More walking, try again, waiting, recycle, walk, email yourself, then get back to your day. Or not. This isnt working. Introducing samsung paperless workflow solutions. With the galaxy tab s6, you can sign Digital Documents onscreen, with a finger or your s pen. Samsung business solutions. More exciting than than getting a lexus. Giving one. This is unbelievable it really is. The lexus december to rembember sales event lease the 2020 rx 350 all wheel drive for 419 a month for 27 months. Experience amazing at your lexus dealer. That is certain. But history tells us that economies dont live in a vacuum. We need to prepare for uncertainty. And you can. With Rosland Capital a trusted leader in helping people acquire precious metals. Call Rosland Capital today at 8006308900 to get started. Gold bullion, lady liberty gold and silver proofs, and our premium coins, can help you preserve your wealth. Call Rosland Capital at 8006308900 to receive your free rosland guide to gold, Gold Precious Metals ira and silver brochures. With rosland, there are no hassles, no gimmicks, and we have the fastest shipping around. Prepare for uncertainty. Make gold your new standard. Call Rosland Capital today at 8006308900, 8006308900. Thats 8006308900. Here, it all starts withello hi . How can i help . A data plan for everyone. Everyone . Everyone. Lets send to everyone wifi up there . Uhh. Sure, why not . Howd he get out . a camera might figure it out. That was easy glad i could help. At xfinity, were here to make life simple. Easy. Awesome. So come ask, shop, discover at your local xfinity store today. Connell to washington now. Republican impeachment hearings enter ad fifth day. President trump meeting with a number of republican senators on this day, including two of his biggest critics of his own party, at the white house. Blake burman with the latest on all this. Reporter hi, there, connell. There were a series of meetings over here at the white house as the impeachment proceedings continued up on capitol hill. I was told earlier today there was a meeting involved white House Counsel pat, Jared Kushner and group of senators as they talk a way forward with impeachment. Lindsay graham said he was a part of that meeting. After he told reporters up on capitol hill, the idea of the senate squashing potential articles of impeachment from the house is not going to happen. This is what he said in part. The idea that you would dismiss the trial before they presented the cases is a nonstarter. Youre not going to get a motion to dismiss. As you mentioned the president also had lunch today with a Different Group of republican senators. You see one there. Susan collins of maine. She is one of eight senators to come here along with mitt romney. You mentioned a couple who normally dont see eyetoeye in some cases with president. Susan collins gave a readout what she said, part of the discussion was on prescription drugs prices and vaping. Impeachment was a small portion of the meeting between the president and senators. Speaking of vaping, connell. Tomorrow, by the way there will be a meeting at the white house between President Trump and stakeholders in the ecigarette industry. You will remember back in september the Trump Administration said it was throwing its support behind a ban on flavored vaping products. However, since then there has been some pushback from some of the president s allies. It remains to be seen what the president what his position is on that topic. Potentially clarity tomorrow as there will be that ecigarette meeting over here at the white house. Connell well look for that tomorrow. Blake burman on the north lawn for us. Melissa joining forces in the fight for 5g. President trump turning to apples tim cook to secure the hightech future. Critics say the unlikely pair could face a rocky road ahead. Are they right . Plus targeting shoppers. Why Security Experts are sounding the alarm, how you can avoid a black friday scam. No commission. Delivery drones, or the latest phones. No commission. No matter what you trade, at fidelity youll pay no commission for online u. S. Equity trades. At fidelity youll pay no commission thlook at all this ink no more bit comes with. Es. Big ink tanks. Lots of ink. No more cartridges. Incredible amount of ink. The epson ecotank. Just fill and chill. Experience the power of sanctuary at the lincoln wish list sales event. Sign and drive off in a new lincoln with zero down, zero due at signing, and a complimentary first months payment. Most people think of verizon as a reliable phone company. woman but to businesses, were a reliable partner. We Keep Companies ready for whats next. man we weave security into their business. Virtualize their operations. woman and build ai customer experiences. We also keep them ready for the next big opportunity. Like 5g. Almost all the fortune 500 partner with us. woman when it comes to digital transformation. Verizon keeps business ready. Only pay for what you need with Liberty Mutual. Any comments doug . Yeah. Only pay for what you need with Liberty Mutual. Con Liberty Mutual solo pagas lo que necesitas. Only pay for what you need. Only pay for what you need. Liberty. Liberty. Liberty. Liber y. Melissa unlikely pair. Following his tour of apples manufacturing plant in austin, President Trump asking ceo tim cook if the tech giant could get involved in building 5g Wireless Networks right here in the u. S. Joining us

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