Transcripts For FBC After The Bell 20240712 : comparemela.co

Transcripts For FBC After The Bell 20240712

Philadelphia. Im sitting in front of mconkey ferry inn, that is the exact prays Continental Army stayed before general washingtons fateful trip across the delaware river. This is a historic backdrop on history in 2020. Susan li is in the newsroom in new york. Grady trimble at the polls in harrisburg, pennsylvania. Blake burman at the white house. Hillary vaughn with the Biden Campaign in wilmington. Well get to everybody. Well start with you, grady, like me youre in pennsylvania. I was out at the polls. We saw long lines in bucks county outside of philly. Some people waited well over an hour to vote. Seemed like a lot of enthusiasm, pretty strong inperson turnout at least in county. What do you see where you are . That is the same scenario in pittsburgh this morning, connell. We have video of the polling place we were at just a few hours ago. When the polls opened, there were lines that lined around the block. What youre looking at ppg paint arena. That is actually where the Pittsburgh Penguins play. Like many sporting arenas, and stadiums has been turned into a voting place. In pittsburgh, a lot of democratic voters. President is counting on Republican Voters to show up on election day in other parts of the state, more rural and suburban area. Reason for that, three times more democrat returned mailin ballots than have republicans. Weve been talking to voters for the pastfy days from where we are here in harrisburg, to butler, pennsylvania. All the way up up to erie. A lot of Republican Voters show up today. Listen. I want to make sure it counts. I have always done it that way. I just have a Comfort Level with showing up to vote in person. When election day comes you will see a big surge in republican voting. The way each side are pushing it. Democrats say mail the vote in. Republicans say go vote in person. I think that is what you will see come election day. Young people, democrats will be scared about coming out today. So i am nervous about that. I could see about how that would be a possibility. Reporter as you know, connell, if this is a close race nationally and here in pennsylvania we might not have a result immediately. That is for a couple of reasons. The first is because seven counties in pennsylvania say that they dont plan to count those mailin ballots until tomorrow. So that is largely democrat votes. As we mentioned. We might not have the total tabulation from those seven counties until tomorrow. The other reason is because mailin ballots postmarked before election day but received on november 4th, 5th, or 6th will be counted. They will be kept separate in case more litigation comes from that. As of now, if returned by friday it will be downed. Could go either way in pennsylvania. Were keeping a close eye on it because it is so critical to both parties. Connell . Connell my understanding if that ballot comes in after 8 00 p. M. Tonight, they will segregate them. You have until friday. Thank you, grady trimble, now in harrisburg. He has been all over the state as well. Blake burman live at the white house. There are a number of other states to watch, im sure the president pays close attention to all the battle grounds. When the latest. Reporter speaking to folks in and around President Trumps orbit the last couple days theyre very confident where things stand right now here on election day. So much so, press secretary Kayleigh Mcenany said publicly today, she believes it will be a landslide as she put it in her words tonight for President Trump. As for the president s Lone Campaign event, his lone event, go across the river, thank the campaign staff, thank them for the work they have done weeks, months, really year plus heading into day. At least the president laid out how he believes the things could shake out this evening. Listen. President trump im looking right now, im looking at different locations and were seeing lines of people and theyre wearing a lot of red material including hats. But, no, were seeing in certain areas that would be trump areas, were seeing lines of people extended for miles. So i think were going to have a great night but it is politics and it is elections and you never know. I can say texas, arizona, a few of them are looking very really strong. Florida looking very, very strong. Reporter there has been some question as you have discussed about whether or not we will know who the winner will be tonight. Calling into fox friends earlier this morning the president suggested that he would not make any premature declarations. President trump when there is victory if there is victory, i think well have victory. I think the polls are you know, suppression polls and i think well have victory but only when there is victory. I mean, there is no reason to play games. Reporter as far as the president s plans, go he is over here at the white house, watching results and returns come in the residence potential lip. The campaign though, connell has set up a war room in the what is known as the eeob here in washington. About 50 yards behind my camera. That is a big sprawling massive government building. The Trump Campaign is paying for that setup inside the eeob. It appears the president will spend most of his night, with the president most everything is fluid. Connell . Connell all right, blake. Well see you throughout the night. We know where you will be. Blake burman on the north lawn. The other side, Hillary Vaughn is in wilmington, delaware, for us at joe bidens headquarters. What is the latest from there, hillary . Reporter connell, biden is back in wilmington right now. He is at a Community Center talking to local teens right now but he did say earlier today he is feeling good but certainly not taking anything for granted because he has been popping up all over pennsylvania, his home state today. Biden clearly trying to have the last word after trump held a rally in his hometown of scranton yesterday. As goes philly, so goes the state of pennsylvania . [cheers and applause] we love you, joe. Turnout has been incredible. [cheering] reporter Biden Campaign disagreeses that philly is the key, devoting their strategy to get to 270 electoral votes earlier today, they actually dont need to win four big battlegrounds, pennsylvania, florida, ohio, and texas in order to win. We dont need to win them. That is true luxury. We dont need to win any of these four big states in order to still get to 270 electoral votes. Reporter biden, who spent critical days in the general election playing it safe, socially distancing keeping voters at arms length got rid of the rule book they have been playing by. The candidate is crammed in the middle of crowds at multiple stops today. Biden also visited his childhood home in scranton pennsylvania. He signed the wall in the bedroom during his visit today. He wrote this. From this house to the white house with the grace of god. It looks like he wrote that in permanent marker. So that cannot be erased but biden today, in a local tv interview with a station in pennsylvania was asked if we will be hearing from him tonight . He didnt answer with a vote of confidence. All he would say is, it depends. Connell . Connell thats interesting. Hillary vaughn. With the Biden Campaign in wilmington, delaware. How about this in relationship to the Financial Markets . Nice rally today. Susan li reporting on it along with gary kaltbaum, kaltbaum capital. Susan, over 1000 points leading into the election for the dow . Susan the stork market is seen as a voting machine. Investors are coming around to the idea regardless who wins the direction markets historically go up, 6 in the year afterward. Going back to 1929. Eventually we will get a stimulus package. Will it be 2 trillion . Maybe not if we have a split congress but well get something. Dont forget even if taxes go up to Corporate Tax of 28 of biden, Goldman Sachs says you have repeal of tariffs and huge spending packages should make up for all of that. Connell my math is not that hot. I think it is a little under 1000. The point is, gary, it has been a nice run here, to susans point there seems to abet on stimulus, does that have something to do few weeks ago we were told a democratic sweep, does it mean more spending with the democrats winning and keeping congress . What is going on with the election, do you think . Last few days the fact we dropped 1800 points last week. So were getting a bunch of that back. I think there is really a bet on maybe the economy Getting Better no matter who wins. The strongest area of the market right now are a bunch of these transport names like the rails and the truckers, a lot of economically sensitive names, like sherwinwilliams and the like. So i think there is a move afoot here on a better economy and look, as far as the election i do believe we probably have a decent end of year no matter who wins but when all is said and done, and i know what goldman says and everything like that, when you try to take 4 trillion bucks out of the economy and put it in government hands, that is not good for profits, that is not good for business and eventually it will be a headwind for the market because profits will be down but that is for a little bit down the road. Connell so just to follow on that, gary, real quick, youre saying there is no bet here, i heard both arguments made on the air by different guests and contributors and the like, there is no bet that the president is winning and the market knows it or that the democrats will sweep . It is neither youre saying . Weve been all over the map for the last two weeks. Look for me, there is no doubt in my mind that the momentum is in the president s favor. Maybe there is a component to that but i wouldnt give it 100 because, you know, just dont blink. You dont know what will come five minutes later. Again we have a whole night, maybe, two or three days before we know what the heck is going on here. Connell could be especially here in pennsylvania. Thank you, susan, thank you, gary. Well continue coverage, whatever the reason after last weeks selloff. Vote es making their decision in the trumpbiden race for the president. Millions of americans have been at the polls today, so many more, 100 million voted early as the u. S. Braces for any early indicators avictry. Well look what some of those might be. Plus next, the polls in pennsylvania and what it could mean for some other states were watching closely. Were on the ground as a matter of fact in three other battlegrounds. Washington moving across the delaware. Years ago at least. Well be right back. Dont understand why. Because our way works great for us but not for your clients. Thats why were a fiduciary, obligated to put clients first. So, what do you provide . Cookie cutter portfolios . Nope. We tailor portfolios to our clients needs. But you do sell investments that earn you high commissions, right . We dont have those. So, whats in it for you . Our fees are structured so we do better when our clients do better. At Fisher Investments were clearly different. Connell millions of americans out voting. Were just under three hours from the first poll closing. Breaking down the early indicators were watching for is pollster kristen anderson, looking at some key states wisconsin and nevada where lines formed. What are the best indications how the night is going . What are you watching early on . Im a florida girl at heart. I will look at the state of florida. Because florida is great at counting ballots quickly. There is really high turnout in florida. Its a place where a lot of pieces of different candidates coalitions will be voting in big numbers. Joe biden has made inroads with the community, Senior Citizen community. That is a big Republican Group might be swinging towards biden. At the same time trump has made big inroads with latino voters, a democratic constituency that might swing back towards trump. Florida will give us a nice snapshot how the coalitions are coming together and who the heavy turnout is favoring. Connell both sides expect result out of florida unless it is extraordinarily close. With that, what other states might we hear from . Arizona would be pretty reliable. They have been counting ballots out there, right . Thats right. Typically on a Election Night you look from east west as polls closed. This time around you will want to look from south to north. Many of the southern sunbelt states, places like north carolina, for instance, are supposed to be a little bit quicker counting ballots. Many have rules say the ballots have to begin today, to begin processing them earlier. Once we move north towards places like michigan, pennsylvania, that is where we have the potential for a red mirage you might have a lot of election day votes counted, they might go for republicans but all of those mail votes left to come in later that might begin to swing things back towards the democrats. Connell the pictures youre looking at by the way on the screen as kristen was finishing comments of former Vice President biden are coming live from wilmington, delaware. The former Vice President is out and about. Can we listen in . All right here is joe biden. [inaudible] are there any Lessons Learned . [inaudible] no, theres not. As you guys know, you have to cover me for a long time, i havent changed what ive been saying since the day i announced. The day i announced everybody thought i was way off base. And by the way i dont mean that im not being critical of anybody else, im just saying i believed very, very strongly, i really mean it, that we have to restore decency and honor in our system, or it is just, it will fall apart. Secondly i believe extremely strongly, and i know you all watched it from the very beginning, that we have to rebuild the middle class. We have to give ordinary people a fighting chance. They can do anything when you give them a chance. Thirdly we have to unite the country. All three of those things were viewed as either too much of a reach or not a reach enough. And i havent changed my view. And, so, you know, this is, for example, i didnt realize this was here, the reverend herring, who was one of the five major leaders in the black community when i got started in wilmington, back when i was a kid, when i started off as a lifeguard, my good luck charm is always go back to where i started, every election i go by. Well go places swimming pool. And it was, you know, i, the leadership of the community from here, from riverside all the way up to places run on the east side was overwhelmingly africanamerican but it black church. The black church was the heart and soul of the entire movement for people here and, and so, its and, when i started off as a kid getting involved i had, i had a job at a nice country club kind of pool as a lifeguard. I wanted to work on the east side connell former Vice President biden. Kristen as we continue here, he is speak in wilmington, delaware, funny how superstitious abolish ounce can be, we saw that with President Trump, ended the campaign the way he ended the last one, and Vice President talking about super suspicions on Election Night. We talked about the indicators. Talked about hypotheticals, florida you talked about earlier is must win for President Trump. Lets say President Trump does win there. What is the next thing to watch for Vice President biden after florida once it comes in. After you get florida, still stay in the south. Look at places like georgia. Texas the state the Democratic Campaign seemed to be reasonably confident in. You heard earlier today the Campaign Manager for joe biden we dont need to win florida or pennsylvania. Gosh if youre not winning either of those states you must think a state like texas is about to fall your way. Texas is a place where youve seen unbelievable surges in turnout. That is the kind of place where if you want to see this unprecedented early vote, if it winds up having replace ad lot of same day vote, or if it is lot of new voters entering the process i think texas will be an interesting place to watch for that. Connell that would be some story because youre right, very hard to imagine a biden win without florida or pennsylvania. Thank you, kristen, good to see you. She will be with us on today and throughout the night. Gamblers abroad are wagering record amounts of money on the u. S. Election. This is some election. Total betting is expected to be a billion dollars. According to the head of british gambling firm, gdc that is twice as much as 2016. This makes it the biggest political event they have ever had. Well be right back. Before discovering nexium 24hr to treat her frequent heartburn, marie could only imagine enjoying freshly squeezed orange juice. Now no fruit is forbidden. 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