Transcripts For FBC After The Bell 20240712 : comparemela.co

FBC After The Bell July 12, 2024

Minutes northeast of us if you were driving over to the airport. The former Vice President set to hold a drivein event in the next hour. Well be watching that as well. This state, this could very well be the state that decides the election. Well have you covered in pennsylvania for the next couple days. Lets get to our top stories on this monday. Fox Business Team coverage. Lauren simonetti watching the markets for us. Blake burman at the white house. Hillary vaughn in pittsburgh. First the markets on the election eve. Lauren . Lauren also the first trading day of november. It is just the second up day for the dow in the last seven but well take it. 422 points in the green. The s p is rebounding after its worst week since march. The big rally that we had this morning was juiced by the strongest manufacturing data in over two years. It faded and then it came back right at the close. We did see a rotation out of those big megacap tech stocks. Even some popular work at home plays whether its a zoom or docusign, you can see those stocks are done, into industrials and retail. Look at that. Gap up seven. United rentals up 8 . I was going to tell you there was just three sectors in the red today but they all ended in the green. Consumer discretionary, amazon,com services apple, these stocks were sharply down, but even recovering most of the losses. Google finishing with a plus arrow, a plus sign over there. Investors are getting bullish on the stocks that could do well in 2021 especially if you get stimulus. One the beneficiaries would be the small caps. You saw that gain of 2 for the russell 2000. What tomorrow looks like with the election upon us is anyones guess. You have a fed meeting and a jobs report on friday, connell. Connell those Little Things as well. Lauren, thank you. Lets get out to the campaign trail now. President trump has been all over the place today. Five rallies, four states, before he wraps things up early tomorrow morning. One is as we mentioned the airport close the broadcast location here in the state of pennsylvania. Live to blake burman to sum it all up, at least try to, blake. Reporter final day finally here, connell. Five different stops in four states for President Trump. It started in North Carolina this morning. He just wrapped minutes ago in pennsylvania. He is off to the midwest. The president will go to michigan, then to wisconsin, then back to michigan as he will end tonight in grand rapids. The place he ended his 2016 campaign. A bit of superstition there. When you look at the map, look at all different possibilities, normally we talk about florida, ohio, how important the states are, this goround potentially pennsylvania could be the crucial state. That is where the president just finished up moments ago. Again he was talking about the moment at the final debate where joe biden said he would transition away from the oil industry, something that the president has been keying in on here down the stretch. Listen here once again. President trump bidens plan to ban fracking is an economic death sentence for pennsylvania. Bidens Energy Shutdown will wipe out your jobs, decimate your towns, eliminate the factories and send the state into a nightmare of crippling poverty. Youve been there youve been there you had the best three years that you have ever had under President Trump. Reporter if you look at the public polls, connell, they show joe biden is the favorite heading into tomorrow. Though i can tell you speaking to folks both at the white house and over at the campaign there is a very real sense of optimism and hope. They like where they stand on this as day heading into election day tomorrow. President s campaign manager, bill stepien posted this out, posted a long thread going state by state. Let me sum it up in one state, President Trump is ahead where he was in 2016 by a very key measure. The mesh sure that actually matters. Votes cast, votes left to be cast. Youve seen reports of democrats being nervous around well they should be. That is the read heading into the final day. It all unfolds tomorrow, connell. Back to you. Connell on that point of votes left to be cast, that is what they need. They need a big inperson turnout here especially in pennsylvania if they want to make up for the reporter i was going. Connell go ahead. Blake, thank you, my friend. Blake burman back at the white house on the north lawn. Lets flip over to the Biden Campaign. They obviously know all of this as well. The democratic nominee approaching the finish line with stops here in pennsylvania. He has been in ohio as well. Hillary vaughn is live in pittsburgh with the latest on mr. Biden. Hillary . Reporter hi, connell. Joe bidens campaign for white a while is openly warning that they think President Trump would not accept the results of election but on election eve today the Biden Campaign is making it clear their strategy is not to concede on Election Night because they dont think that President Trump will have enough same day turnout to win it all on Election Night. Under no scenario will donald trump be declared a victor on Election Night. We think that is really fundamental how we want to approach tomorrow. Reporter the Trump Campaign says that Biden Campaign is spreading disinformation through their surrogates saying in a statement that, operatives are advising surrogates and media to create a smokesscreen casting blame all around, imagining postal delays or fallly claiming mailin ballots simply not returned should be considered legitimate votes that should be counted. Biden is making a final sweep through the swing state of pennsylvania today, his first stop this morning was a lastminute add yesterday to ohio, where his Campaign Says they think they have a chance to enhance the map. Biden on the ground in the keystone state is making a final pitch to voters as prounion and profracking. By the way, no matter how many times trump has tries to lie about it, i will not banning fracking. Never said i would. You know one thing i always been able to count on my whole career, unions. I know how to say union. [cheering] working folks in union. Reporter biden will cap off his campaign hosting one of his last drivein rallies here at heinz field where the Pittsburgh Steelers play. He will have a special guest tonight, lady gaga. Biden added two events tomorrow on election day here in pennsylvania. Were waiting to get the final timing for that. But while biden is preparing his final pitch to voters here, connell, he is veering a little off script. Earlier today he called trump a loser. That was not prepared, part of his prepared remarks released by the campaign. Connell . Connell all right. Check the teleprompter. No sign of loser in there. Hillary, thanks. What a world in these final few days of the campaign. Hillary vaughn live in pittsburgh. As hillary was saying, blake before, the road for victory for President Trump and certainly President Biden will run through this state. I had a chance to ask Pennsylvania Republican congressman fred keller what the key was is for the president to repeat his wouldnt of four years ago. The president needs to stay on message, pro energy, pro agriculture and for the fact he has not forgotten helped our agriculture and natural gas industry. Connell we spent time talking to executives in the fracking industry. How big of a deal is that story and those comments by President Biden in the final debate about moving away from the oil industry . How big of an impact has it had here in pennsylvania . I think it had a huge impact. It solidified that has been the former Vice President s message all along. He finally admitted it again. He said it in all the debates through the primary. Sort of tried to back away from it but it really let pennsylvanians know where the former Vice President is. Connell all of that said, the data we have, polling that we have, shows Vice President biden is little lead smaller than it was in pennsylvania, it has been a consistent lead. So i guess youre basically betting on the fact that the polls not only are wrong like they were last time but theyre more wrong . It would be a bigger upset than 2016 to be fair, wouldnt it . I think what, not necessarily betting on what were really seeing is that the pennsylvanians are really diligent, thoughtful, hardworking individuals. They can see through somebody that is just trying to tell them, pretend like theyre a pennsylvanian. The former Vice President he is likes them from scranton. He left almost seven decades ago. The president has been in pennsylvania. The president has shown that he cares about whats important to pennsylvania citizens and workers. Connell now the turnout is key. That become as cliche at this time, a day before an election everybody says that. Whats unique in 2020 i think is the type of turnout, right . Yeah. Connell more than two Million People have voted by mail in pennsylvania. The state is not use towed that. What about out in your area which is heavily republican area, that you represent . More inperson voting so is that really the key, the people showing up in person on the republican side tomorrow to make up for what may be lost through the mail . I think so. In the area that i represent, which is about 15 counties across the commonwealth, the North Central region, northeastern region, a lot of people will show up on election day and vote. It is the routine that people have. It is sort of a tradition for our area to be able to get up on election day to go and vote. Connell final thing the virus. We talked to voters around the country and particularly in pennsylvania. Two things come up, a trump supporter will say i love the economy. Precovid connie. Im for the president. Those roted for him last time, on the fence, bring up the virus and how he handled it. How dutch does that hurt the president. I dont think the virus should hurt the president. What happened in the media. First and foremost the president took Decisive Action early on by stopping travel from china even when he was called names and by the former Vice President , even. He took it more seriously than anybody else did, protecting americans. And that story doesnt get told enough. Just, and the fact the task force, the president set up the task force headed by the Vice President early on and gave us davely briefings. I thought the president handled it very well that is the story i think people really look at. That and the economy. Connell one more day. Were almost there. Congressman keller, thank you. All right. The other thing were watching is the preparation for the possibility of protests and businesses across the country, many of them, have started to board up their windows ahead of the potential for election day unrest. That is the worry. Were live on the ground in washington, d. C. , with more on that. Plus growing fears of a second wave. More than 9. 2 million coronavirus cases reported across the nation as the u. S. Conducts more than a million virus tests per day. Just last week 18 states had single day virus case records. Well bring you any breaking headlines on the virus this hour. Much more from here in battleground pennsylvania. The pulse of the people with just one day to go. Stick around. 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Businesses especially those in big cities have started to board up their windows ahead of election day so lets check in live with leland vittert. He is in washington, d. C. , for us today. Reporter connell, good afternoon to you. Not only is it businesses but the United States secret service is taking no chances, proving how different 2020 is than any year in the past, theyre putting up no scale fencing blocks away from where the white house normally allows pedestrians. Nogo zone an defensible perimeter around the white house for blocks. There is fencing around a number of businesses here in d. C. Both government buildings, also a number of other private office buildings, stores, restaurants all boarded up in d. C. It is not just in d. C. No new york to l. A. , to San Francisco theyre boarding up as well. In los angeles and Beverly Hills on rodeo drive, theyre talking about banning all traffic, pedestrian and vehicles over next couple days for fears of a repeat of looting and violence we saw back in june. Comparatively the cost of boarding up and lost business during this time pales in comparison to the cost of a fullon riot. It is cheaper to put up a piece of plywood than to lose a window that can cost thousands and thousands of dollars. Reporter talked to one of the private security firms that tracks the social media of a number about these protest groups especially here in d. C. , connell. He told me, quote, it could get very ugly, referring to the eventuality or proposition of President Trump winning and then the backlash from that. Connell all right. Leland, thank you. Hopefully obviously none of that is actually needed. Leland vittert live in washington. Were getting ready. Fox business alert came from connecticut. The Governor Ned Lamont in connecticut is rolling the entire states reopening back to what theyre calling phase 2. 1 as of friday. Restaurants back to 50 capacity. They closed them up by 9 30 p. M. Salons 75 capacity. So this whole idea, not of a lockdown but of a rolling back where we were in the progress of opening up after the covid19 lockdowns is now in effect in connecticut. That is as of friday. Well watch for news out of other states as well. The 2020 Hurricane Season logging another milestone. Hurricane etta, the 28th named storm. The 12th hurricane of the season ties the record 15 years ago of a most storms in a Hurricane Season. They say it could strengthen into a major category 4 before it makes landfall in Central America that will be early tomorrow. 5, now anyone can own companies in the s p 500, even if their shares cost more. At 5 a slice, you could own Ten Companies for 50 instead of paying thousands. All Commission Free online. 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