Transcripts For FBC After The Bell 20240713 : comparemela.co

Transcripts For FBC After The Bell 20240713

The s p and nasdaq shaking off earlier losses closing near the highs of the day. There is optimism out there about a economic recovery and also about hopes for a vaccine. So, optimistic day. We will get to the launch. Well spend a lot of the hour on it. First fox Business Team coverage of our top stories. Lauren simonetti on the markets for us, blake burman in washington who has the latest for the president who is in florida for the launch and Kristina Partsinevelos joins us with news on disney. We start, blake, with you. Reporter connell, melissa, speaking of that launch who wouldnt want a front row seat to it. Exactly where President Trump and first lady, the Vice President , section lady are right now in florida in advance of what we are expecting to be the historic launch about 31, 32 minutes from now at the Kennedy Space center. President trump taking a tour there. He was asked what his message is for those two astronauts who will be aboard the spacex rocket going up to the International Space station. He called them the best in the business. So the west wing pretty wellrepresented in florida right now. Speaking of the west wing, there was a pretty big meeting in the oval office earlier today with President Trump and new yorks democratic Governor Andrew Cuomo saying after that meeting that it was a very apolitical conversation between himself and the president and focused on how to jumpstart the economies within new york, including potential infrastructure needs for laguardia airport. Watch here. It was about what, how do we supercharge the reopening especially in new york which has been hardest hit. If he gives us a green light, it will not be years of discussion. I have a shovel in the trunk of my car. Well start this afternoon, right . So it was a good discussion. He understood when we were talking about, understood what we need. Reporter right before that, Trump Administration put china on notice for its potential crackdown of hong kong. Secretary of state mike pompeo informing congress of chinas action. No reasonable person can assert today that hong kong maintain as high degrief autonomy from china given the facts on the ground. Potential implications could be hong kongs trade and economic status with the u. S. Going forward. Back to you. Connell all right, blake, thank you. Next up Lauren Simonetti with more on the day on wall street with the dow closing higher by more than 550 points. Lauren . Yeah. Up more than 500 points, connell for the second day in a row here. Despite tensions with chinas the rotation continues on wall street out of those high flying tech names, the momentum stocks, into the more economically sensitive sectors. So the dow up 553. It is above 25,000 at the close for the First Time Since march 10th, a psychological level. The s p 500 also closing above 3,000 for the First Time Since march 5th. Nasdaq has been down almost 200 points. Gaining 72 in the end. Is was a pretty broad rally. Financials in the drivers seat today. That sector up 4 plus percent. If you look at leadership on the dow, american express, goldman sachs, Jpmorgan Chase with nice gains. Retailers led the s p 500. When was the last time we said that . Take a look at nordstrom, gap, coles, up nicely for the week. Leaving nasdaq, american airlines, the ceo said bankruptcy is not an option. American up 7 1 2 today. The cruise lines higher, restaurants, hotels, over travel type stocks spiking as more consumers get out and about opening their wallets a little more wider that getting out and about put a dent in the stay at home rally. Netflix at a record high may 15th. Every single day since then it had been down. With the big rally at end of the day, nasdaq closing higher by 1. 25 . Zoom, peloton, shopify all down. Pandemic winners losing ground. Not all good news, guys, biotechs falling despite positive signs of a vaccine for coronavirus. Moderna sharply down two days in a row. Investors optimistic about the economy opening up. Theyre brushing aside tensions with china and even a read we got from the Federal Reserve on Economic Activity across most regions of the country. Way down, high unemployment. Slower Economic Activity, even oil fell today on rumors that russia might not extend those production cuts. But allin, very positive today. Connell, melissa. Connell lauren, thank you. We will take it certainly. Lauren simonetti. Melissa . Melissa more big news out of florida. Disney is setting a date. The most magical place on earth unveiling plans for phased reopening of its florida parks. Lets go to Kristina Partsinevelos for details on this one. Reporter melissa, the magic is coming back this summer. You had seaworld as well as disney present their reopening plans to a florida team and they got the green light. Seaworld set to open june 11th. Disney opening the Magic Kingdom on july 11th. A little later because of renovations. They promise they will keep, quote, as magical as possible but there is going to be a new norm out there. That means you will have to wear masks inside all theme parks regardless of the weather. There will be temperature checks. There will be social distancing. Seaworld said you will have to sanitize your hands before and after you get on a ride. As for the disney parks, you have Animal Kingdom as well as the Magic Kingdom set to open on july 11th. Epcot as well as Hollywood Studios set to open on july 15th. These reopenings come with a lot of sacrifices. Listen in. We will temporarily suspend parades, fireworks and other events that create crowds. Reporter there are a list, so that literally means there will be no playgrounds for children, no massive parades for the timebeing, no fireworks, anything that could create a crowd. There will be plexiglass at points of sales. Theyre really going to push for you not to be using cash as well. One of the things that stood out on the call, they were both asked about the recourse for people that choose not to wear a mask in the park. We really didnt get an answer from either theme park. Disney saying they have Strong Language on their signs and theyre working on relaxation zones where people could possibly take off the mask. Then you had seaworld that says, they have plenty of signage. You have a situation though where there seems to be a light at the end of the tunnel but plenty of these theme parks are warning enter at your own risk. That warning comes from universal. Theyre is the to open on june fifth. All these guys opening in the summer. Guess the magic comes back. Depends if people show up. Back to you. Melissa no meetandgreet, no parades. I like sound of that. Kristina, thank you. Connell. Connell lets move on to the story, melissa we hope to spend the rest of the hour covering, and that is the launch of this historic First Manned Mission from nasa working with together with the company spacex, elon musks company. Now it is 4 08 on the east coast. The launch is supposed to happen at 4 33. As we bring in phil keating in Cape Canaveral. The big question all day long, would the weather cooperate with that time frame . Phil, how are we looking . Reporter well, were looking so far this mission has not been scrubbed. So all systems a go right now. Depends on the weather right at time of launch which according to the countdown launch here is 24 minutes and 55 seconds away. Everybody is very excited. It is really reminiscent of those Space Shuttle launch days with the astronauts leaving the crew quarters and waving to the crowd saying goodbye to their families for one last time for a while. These two gentlemen, the astronauts, bob behnken and doug hurley are supposed to launch at 4 33 eastern and get to the space station roughly 19 hours after that. That would be roughly 11 00 a. M. Tomorrow morning where they dock with the hatch. They would climb into the space station and welcomed by the residents currently up there. They will live up there, help out, do research from one to four months before get being back into the capsule, coming back to earth and splashing down in the atlantic off the state of florida. Spacex, this is triumphant day if this launch happens t has been a decade in the making really for elon musk and his team. They are very excited. The first time a private Space Company with its own rocket and capsule is actually going to launch humannings in that case astronauts, from earth. Space. Always has been a government body or countrys space agency doing this this really opens up the future here what is going to be possible decades from now. Private Space Companies taking up people from all kinds of countries. They could be actual astronauts or cosmonauts. They could be actually just regular citizens who can afford the pay the flight fee. It is a big day, triumphant day if it all happens for the spacex team. Nasa is extremely excited. Theyre really excited as well about the transition in the past decades to go from government only, nasa only to now partnering with private Space Companies and nasa actually is the paying customer. And so this capsule on launchpad 39a, the crew dragon, as only flown into space once before. That was in january of last year. That was its first test flight. It went up empty of humans. It did have the mannequin, space mannequin ripley with all sensors all over it. The man can kin made to mannequin made it to the space station perfectly. Hurley and behnken are lucky astronauts they debut the Maiden Voyage of the crew dragon up to the space station. Connell . Connell phil, were opening we get this. Watching throughout the hour. Phil keating at Cape Canaveral. Good to see you. Melissa getting ready for history. My personal space expert had a few very pressing questions for famed astrophysicist Neil Degrasse tyson. Take a listen. Dr. Tyson, my first question is, do you think the mission will be successful . Hey, thompson, good to see you again. I think it will be. Part of, part of doing the frontier of research be it technological or scientific is that you test things and, goodness knows spacex tested their spaceships. It is never without risk. You know risk, we accept so many risks in life with just crossing the street or getting in a car, so it has risks. The astronauts know that risk. Thats whats important here. So, anyhow i look forward to a safe trip to the space station. My second question is, if the mission is successful how much of a way will it pave towards a mission to mars . Great question. But it turns out that a ship that gets you into orbit and only that is not the same ship that gets you to orbit and then to another destination, be it to moon, mars, beyond and bring you back. Very different needs for the space vessel. And your lifesupport and the supplies youre taking and all the rest. So this alone doesnt say today, commercial voyage to space station. Tomorrow mars, no. However, what it does do is remind people what role industry can play in the goals that might be performed by a country. But i think the first anybody to get to mars is for geopolitical reasons. It is not going to be some entrepreneur that says i want to go to mars, be the first one there, then make money doing so. All right . I dont see that happening. But, i can see geopolitical reasons for doing it and then the country says, we need and want to go to mars, we dont have a spaceship. Spacex does. Im norm. Im szasz. [norm] and we live in columbia, missouri. We do consulting, but we also write. [szasz] we take care of ourselves constantly; its important. We walk three to five times a week, a couple miles at a time. Weve both been taking prevagen for a little more than 11 years now. After about 30 days of taking it, we noticed clarity that we didnt notice before. Its still helping me. I still notice a difference. Prevagen. Healthier brain. Better life. From anyone else. So why accept it from your allergy pills . Flonase relieves your worst symptoms which most pills dont. Get allinone allergy relief for 24 hours, with flonase. Staying connected your way youre just a tap away from personalized support on xfinity. Com. Get faster internet speeds with a click. Order xfi pods to your home in a snap. Or change your Xfinity Services with just a touch. All in one place. Youre only seconds away from all of that on xfinity. Com. Faster than a call. Easy as a tap. Now thats simple, easy, awesome. And now for their service to the community, we present limu emu doug with this key to the city. [ applause ] its an honor to tell you that Liberty Mutual customizes your Car Insurance so you only pay for what you need. And now we need to get back to work. [ applause and band playing ] only pay for what you need. Liberty. Liberty. Liberty. Liberty. Melissa minutes away from the historic space p launch. With us is michio keku, who is theoretical physicist. Im a huge fan for a long time. Let me ask you about this launch. First of all the falcon must leave the ground at a very precise time in order to link up with the International Space station. Why is that, how does that work . Well we have something called celestial mechanics we learned in college. We know the rate at which the earth spins and we know the trajectory of the inInternational Space station. So we have to put the two together. Then if we miss, were in deep trouble because we only have a certain amount of rocket fuel to make, to compensate for miscalculation. So everything has to be done by clock work, using newtons laws of gravity. Melissa youre not inspiring a lot of confidence here in me. Sounds like it will be difficult for them to do this. I imagine they have got the whole thing locked down . Thats right. Even beforehand, everything has been done melissa speaking of which. Hang on one second. We are just hearing that the launch was scrubbed. It is so appropriate, sir, we would be talking about this very thing and they just essentially pulled the football and said it is not going to happen. Why do you think that would have occurred . What are the reasons . Weather, what else do you think . There are some unknowns that could happen. For example, a leak. If there is a leak in a pump or one of the gauges doesnt work, there is some moving parts can go wrong, including of course the weather. The spaceship is going through the atmosphere for a few minutes but the turbulence of the air could set it off course, in which case it will miss its docking point in outer space. So any number of things can go wrong. Melissa of course this doesnt mean that this mission is a failure. Weve seen some times when the launch has been scrubbed and then it goes on another day. Whats watt likelihood they were going to make it work on the very first try in your mine . Well, it was always 50 50. They have been looking at the Weather Report. And remember the weather cannot be predicted with computer accuracy. Even with our supercomputers, weve never been able to get the wind currents, the weather patterns down precisely. That is potential game changer in any of this. That is factored into this project. They already have plan b. Plan b is already worked out in case plan a didnt work. Melissa why is it that supercomputers have never been able to tell us what will happen with the weather . When you see the Weather Report going out to seven days, realize that that is just a guess. After the first two days, the weather can literally spin out of control. So the computers can only go so far. The reason for that is turbulence. Turbulence is very hard to predict. You have to use what is called chaos theory around it is consequence using certain newtonian laws of air flow. Simply not enough. So even with our souter computers we cant predict the weather beyond a few days. Sorry about that. Melissa what does it mean there is a private company and you have spacex the ones in the control room, who are at the buttons this time instead of nasa . What does that mean to the field of science and Everything Else . It is a lot. When the history of Space Program is written this will be a new chapter, commercialization of outer space. One day mom and dad can go in orbit around the planet earth. This can open up the heavens because the cost of space travel could drop. It costs 10,000 to put a pound of anything into orbit around the earth. That is your weight in gold. Think of your body made out of solid gold. That is what it costs to put you in orbit. With the commercialization of space travel that could be cut by factor of two, maybe a factor of five, opening up the heavens for mom and dad. Melissa thank you so much for joining us. Can i bring my quantum physicist by to meet with you . He is 13. I dont want to impose and ask you on live television, what do you think . That is a great age. It is around 13 when we have a lot of quantum physicists being born. Interview my friends, yeah it was around, 10, 11, 12, 13. That is when i said to myself i want to become a quantum physicist. Melissa you made my day. Thank you so much. Have a wonderful day, thank you. Connell . Connell yeah. 13. I knew i missed my mark somewhere. I guess it was years ago. Just a few other notes to add from the launch being scrubbed. John roberts, foxs chief White House Correspondent reporting that the liquid oxygen on the booster rocket, the weather wasnt good enough to load that on. Looking at the timetable we were given from nasa, there were two loading stages of liquid oxygen. One at 3 58 eastern, right before we came on the air. The other moments ago at 4 00 p. M. Easte

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