Transcripts For FBC Bulls Bears 20240713 : comparemela.com

Transcripts For FBC Bulls Bears 20240713

11, Vice President pence will arrive in Washington State to meet with the governor and local Health Officials and they will talk about new relaxed testing protocol allowing any doctor to recommend a test and increase testing capacity, 400 samples can be tested per day in Washington State, now that university of washington has gotten involved. In slow virus, Many Companies tell their. Ies to work from home, through the month of march. Among them amazon and microsoft, between them have over 100,000 worker in the state, also, state and local leaders consider how far they should go to cancel events and large gatherings. All nonessential convened Large Group Meetings will be canceled through the end of march. Reporter a large gathering is anything more than 10 people. Individual schools are closed for a day or two for cleaning, one district closed all of its schools and will begin teaching remotely monday through next two weeks, they call it a transition from the classroom to the cloud. But there are questions about how much learn will be happen across demographics, king county washington, bought a motel to be used as quarantine site, it is leaders of city are not happy about it they worry about people in isolation coming and going and spreading the virus through kent. Modular homes will be used to quarantine people. Were seeing more aggressive measures to slow the spread, they are controversial. Thank you. Now joining me on panel, gary kaltbaum, zachary, and liz peek and steve forbes, stocks today, a volatile day again, it was down across today on renewed fears of the virus. This is just one day after the dow and s p 500 saw their second largest point gain in history, a lot to talk about, very volatile, but gary, since youre not here, a big question regarding volatility, and what could be the potential catalyst, is it 10year treasury ea yield, panic, media, us, what do you think. For starters, market, dow up 38 in 14 months and nasdaq up 58 , we were due, but right now everything is a catalyst, the running news events on daily basis southwest airline, 300 million in less revenues, ual slowing down their flights, you hear things out of italy, you see 10 year, which is crushing the financials and their margins down below 1 , it all the above right now. And remember market always will be about earnings and leave no doubt, earnings has to come down, you heard from company like mastercard, from visa, from apple. You hear hear it from many more, i think markets reflecting it and that i suspect more nausea t to come. I think that right, the biggest problem is uncertainty, no one can kay whe say when it l reach the peak maximum impact on the economy and markets, the. Today there was a report out from one of the Health Organizations saying that mortality rate is 3 to 4 , because we dont know how many people are infected, it makes it sound worse than it probably circumstance i think were in a period, gary is right, every news data item, data point we get will cause people to either be more excited or more concerned. And that just not going to stop for a while. Other than bargain hunting, i dont know what catalyst there will be to make this market turn. We didnt have much in the way of earnings last year, no growth really. And this year was to be better, but we know that is in the can. Market is not going to recover. And until we get a better fix on this disease, and how much impact it will have to supply chains, once you know facts, then you can make projects, then, i think you will see the economy and market soar then, you had good numbers for the economy in january. I think they will be very decent in february, that shows 1 we get this un once we get this uncertainty out of the way, by gogolly thankfully good times wl be back. But they will be worse in march and dismal in april, not saying that to talk things down but anticipating it one thing is true, markets will bottom before the worst has passed. That market are people will try to game out as bada they can get, you see Airline Stocks down 50 in weeks. And even though to garys component a huge runup that kind of collapse in a sector, merited given how much they will lose in revenue is an a to figure out what worse case scenarios, in terms of economy activity materialize, markets trying to price that . I think that one thing intriguing tomorrow we get a jobs report,. Am data today, has shown no change. People are concerned about lay offs. How much will that hurt consumers. Are we going to have a lot of job looses losses, i would say mitigating factor, job market has been so tight, employers are not laying off people unless they absolutely have to. You have so Many Companies now asking employees to work from home. They are not laying them up. You mentioned airline, jetblue will focus on hiring freezes, this could put a halt on labor market then that would be a supply issue, that leads me to my question, steve, and gary. About the fed, federal reserve, the fed came in with that emergency cut, we have another meeting so just you know a few days Business Days away. So do we expect another cut . Will that do anything . We have no ammunition left. Ammunition i think is false, fed has no impact on the economy right now, all about the uncertainty of the politics. Why cut in. It was empty gesture, it had no impact. People figured it might be worse than particularred with that kind of a cut, anything that ir. A shortterm tax cut, pro growth tax cut, people know when it over we will have a buoyant economy, next year, that would be positive but fed in terms of this as irrelevant see, just stand oned side, other positive things that can be done. Gary quantitative easing . Look, problem with talking tax cuts is we have a divided of washington d. C. Stlr there is ny that left would pass, something would have to give after the election in terms of the market, if it looks like things will be good in fall, markets can an case pay the theranticipate there would tax cuts, one thing that fed could do. Dont cut rates but urge banks to be looser on the lending. Help companies that they think are sound but maybe a temporary crunch, help them out. That would be constructive. Would that be a credit risk. It could did gary. I just think that fed is lost all credibility, they usually water gun right new they are using a water gun, they have no bullets, they are down to 1 . He has been easy since december, even printing money. And the worry it is this market says enough is enough leave us the heck alone, think of it siz physically, corporations in their boardrooms right now this massive worry of uncertainty is out there. That breeds standing pat, not doing much, not a lot of hiring or expanding. And i dont think that changes. Companies like amazon and google, they are cloud base can ask their employees to work from home, target and jetblue cannot. You cant man a Cash Register or fly a plane remotely, when can is a secession of economic activity, i think people need be to prepared this has to do with severity of the react to the disease, not the disease, were at a early stage, were not at middle or end, it just means that one of those periods of time where fed cannot do much, 234r8 were in what we are in. Something was just said that important, market will bottom before the good news really starts to show up, important people watch the market for signs, and i mean, instead of down a thousand, and up a thousand. Stair steps to upside pullback, unmove you one step higher, we have not seen that yet, if we break last fridays low, all bets are off, it can get ugly. Last word gary, Elizabeth Warren, we have been talking about her today, she is finding her end ending her race for white house, all eyes on b biden and sanders, coming up next. I have no rege regrets, it hs been an honor of a lifetime. Can we go get some ice cream . Alright, we gotta stop here first. From smarter atms, to after hours video tellers comcast business is connecting thousands of banks to technology that turns everyday transactions into extraordinary experiences. Hi there. How are you . Do you have any lollipops in there . laughing no, sorry. Were helping all kinds of businesses go beyond customer expectations. How can we help you . Their medicare options. Ere people go to learn about before theyre on medicare. Come on in. Youre turning 65 soon . Yep. And youre retiring at 67 . Thats the plan well, youve come to the right place. Its also a great time to learn about an aarp Medicare Supplement insurance plan, insured by Unitedhealthcare Insurance Company. Heres why. Medicare part b doesnt pay for everything. Only about 80 of your medical costs. This part is up to you. Yeah, everyones a little surprised to learn that one. A Medicare Supplement plan helps pay for some of what medicare doesnt. That could help cut down on those outofyourpocket medical costs. Call Unitedhealthcare Insurance Company today. To request this free, and very helpful, decision guide. And learn about the only Medicare Supplement plans endorsed by aarp. Selected for meeting their high standards of quality and service. This type of plan lets you say yes to any doctor or hospital that accepts medicare patients. 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Kristina warren refusing to given dors agive endorsementn or sanders, saying she thinks more time to think it through, who do you think this helps. Sanders, progressive voters will not splitting their vote between sanders and warren. It was time that Elizabeth Warren did this. It is interesting she dangling her support. Teasing biden and teasing sanders, refusing to make a decision, in 2016 she supported hillary clinton, even though fi whether this say personality issue, between the two, i dont know. But if she wants to have any credibility left after this whole episode in her life, she has to come out for Bernie Sanders. She may have to come out for Bernie Sanders on paper. But in real world, she wants to endorse biden biden has a better chance to win, if she wants to change from senate, she can get a cabinet post, ambassador or Something Like that. And and bernie she knows she gets zip, zero. And as for Vice President , i think she must realize with two people, oldest candidates for president ever, odds of her getting on ticket are zero, it will be young vibrant person. If she wants influence it would be more with biden than with bernie. Well see what happens with next slough of primaries. How ta divides between sand ires and Biden Sanders and biden. Sanders did poorly in absolute numbers, rarely breaking more than 35 percent. Only 50 in his home state. Warren dropping out is not going to energize youth vote that did not show up. That reminds me these people came to rallies, they were all pumped up, you had one job that was to show up on primary seen. But there are a lot who are not in bernie camp of burn it down, and tear it up. And would therefore gravitate toward biden. Reality momentum is toward biden in a massive way, given no matter media spin, sanders had a very small percentage. Kristina gary, before you, a sound bite from a cnn debate between we have sanders and warren. Are you calling me a liar. I think you called me a liar on national tv. You know, lets not do it right now, you want to have that discussion. You told me lets not. I just want to say hi, bernie. Yeah, good,. Okay. Kristina based on that, who do you hedge your bets. I believe biden, well have florida biden will crush sanders in florida, she wants to go with the winner, i believe that is 219 delegates, she needs to go with person that will win the primary, if biden continues with momentum that is how show goes. But does biden want it she is for medicare for all, 6 wealth tax, 14. 8 investment tax, i think a tax if you walk your dog the wrong way down the street. Im not sure biden wants to go on that. Oh, appear on fox as well. Kristina this afternoon there was a report that seems that sanders will not go to mississippi, he will go campaign in michigan, giving the south to biden. Shows he knows he has to pick his targets now. He carried michigan in 2016. If he loses to biden that is a severe blow, but remember, big thing upcoming debates, if biden does not up his came and learn the complete sentences people will say, maybe we need someone else. They are separated by 50 delegates. Still close, but Southern States will help. Kristina still close. A war of words between Senate Minority leader Chuck Schumer and Majority Leader Mitch Mcconnell after schumer made comments directed at trump nominated Supreme Court justices, fox news senior efficient judicial analyst, judge Andrew Napolitano here so weigh in on this and so much more, stay tuned. You wouldnt accept an incomplete job from any one else. Why accept it from your allergy pills . Flonase relieves your worst symptoms including nasal congestion, which most pills dont. Flonase helps block 6 key inflammatory substances. Most pills only block one. Flonase. Thats it. Im calling kohler about their walkin bath. [ sigh ] not gonna happen. 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 ] hmm. 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. Kristina minority leader Chuck Schumer facing backlash over his remarks about trumps nominated Supreme Court justices. I want to tell you gorsuch, tell you kavanaugh, you have released the world wind you will pay the price. Kristina schumer now clarifying he used strong language, he in no way was making a threat, here how Majority Leader Mitch Mcconnell responded. There is no way to call this but a threat. There is no question, to whom to whom it was directed. Kristina President Trump also weighing and defending the justices gorsuch and kavanaugh saying schumer has brought great danger to Supreme Court. We bring in judge Andrew Napolitano. We all know Chuck Schumer, he usually measures his words, yesterday he sounded like a street thug. It was not a threat in legal sense but in moral cultural social sense, yes it was a threat. It was an effort to intimidate members of court, who are free from intimidation, they cannot be intimidated by someone that sounds like a political hack, says outside of the Supreme Court. But schumer speech is protected speech. And under the law is not a threat. Not a whole lot different from trump talking about sotomayor and ginsberg, we should say, everyone should layoff on all this. Im not sure it worse thing in world for politicians, there are different branches of government, they are allowed to cast rhett call rhetorical arrows. They should attack the court as an institution if they disagree, they should not attack the individual. There has been a titfortat on both sides. I disagree what trump said about coto dedsosotomayor and gs inappropriate to talk about personality positiv and so fortd bash trump. This is a threat, it is shows schumers level of frustration. You see that from senior democrats right now. Nancy pelosi is come out with crazy stuff. What senator schumer said made no sense. Not on this case. Justice gorsuch did not say a word during the oral argument. And justice ca kavanaugh commens did withstanding in precedence, nothing to do with abortion. I think that schumers problem is with the los louisiana legislator. One more thing, i think that democrats are teeing it up to be a major issue in the election what other issues, if the economy i is on rebound, abortin is a big thing. And i want to continue this because, president was tweeting about with Holding Funds from sanctuary cities, we wrote where do woo g do we go from he. Federal government gives cash to city and states there are Strings Attached much last time, there were no Strings Attached without cooperating with i. C. E. , there are 5 challenges 4 s

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