Transcripts For FBC The Claman Countdown 20240711 : comparem

Transcripts For FBC The Claman Countdown 20240711

Prime time tonight. There is speculation he may claim the title of commander in chief. We shall see. But reports out of the Trump Campaign are that the president will not concede until recounts are completed in states ranging from pennsylvania, where votes are still being counted at this moment, to a couple of others that we have just showed on our screen. Our fox Business Reporters are standing by live in the crucial areas with the latest developments. Pennsylvania, arizona and georgia. Meanwhile, as team trump yells election fraud, there is no talk of one thing. Foreign hacking. We have got the ceo of the company that state and local governments turned to for keeping their Ballot Systems safe. Matthew principles is he mathew prince is here on that. We wrap up the strongest week in seven months. The october jobs report, we will show you that, big gains but also signs the Pandemic Recovery may be slightly slowing. After a big runup this week, the Dow Jones Industrials down 116, less than. 5 . S p down 9. The nasdaq down 24. We have team fox business coverage. Grady trimble in philadelphia, the epicenter of pennsylvanias realtime ballot counting and fox news kevin cork live in phoenix, arizona, where joe biden still holds the lead with about 142,000 ballots still left to process. But let us begin in the nations biggest cliffhanger of pennsylvania, where overnight, the keystone state began breaking for joe biden. Where do we stand right now . To grady trimble, who is on the ground in philly. Grady . Reporter liz, joe bidens lead has been growing throughout the day as mailin votes are still being counted here in the city of philadelphia, at the Pennsylvania Convention center, and in other cities throughout the state. As of right now, joe biden holds a lead of about 13,500 votes but as i mentioned, that number has been getting bigger each and every hour as more and more mailin ballots are being counted. Today for the third day in a row, more protests between the antitrump count every vote protesters and the protrump demonstrators who want, as they say, every legal vote to be counted. They agree with the president s claims that this election is somehow rigged and that theres cheating going on by democrats. Philadelphias mayor, though, hes a democrat, he calls those claims baseless and well, he had some harsh words for the president. Hes going to acknowledge the fact that he lost and he needs to congratulate the winner just as jimmy carter did, as george h. W. Bush and frankly, as al gore did and stop this and let us move forward as a country. Reporter here in philadelphia, there is still about 40,000 votes left to be counted. Statewide there are about 112,000 mailin votes to be counted. As you know, about 75 or so of those mailin votes have been going toward joe biden so what we can expect is that his lead could grow but if the margin holds where it is right now, which is unlikely but possible, if the margin holds where it is or is less than half of a percent, that would automatically trigger a recount here in pennsylvania. We do know even if a recount doesnt happen, there will be many legal challenges ahead brought on by the Trump Campaign. Liz . Liz indeed. Yeah. Very very close and that would be pretty obvious to have a recall at that point or sorry, a recount at that point. From pennsylvania to arizona. The fox decision desk called the arizona race for joe biden on election night, but three days later, the counting does continue, as do the legal challenges. To fox news kevin cork, who is live in phoenix. Where do we stand . Reporter liz, great to be with you. The battle for the grand canyon state continues as they continue to process ballots here and its not really a surprise that we would go beyond election day. You may recall back in 2016, they needed a couple extra days to work through it. They are very organized here. I have been around the country now and i would compare arizona with ohio in so much as they are incredibly organized in making sure that every i is dotted and every t is crossed and absolutely they will process all the ballots and making sure that we can come the a proper conclusion here. Let me take you inside the numbers. Earlier we talked about that 225,000 ballots still needing to be processed, 165,000 maricopacounty. The real number you have to concern yourself with is how much might the president close the gap between himself and the former Vice President. Earlier in the week we were talking about 5247, we were talking about 5146. Its a lot tighter than that right now. Its right around 4948, with the former Vice President just about at the 50 mark but again, the gap continues to shrink. State officials here tell me the process is moving along just as it should. These are folks who have been working around the clock since tuesday to make sure that every single vote gets counted and we just really need to let them do their jobs. Reporter let them do their jobs, she said. They want to make sure that every legal vote is counted here in the great state of arizona. Outside, we have seen crowds gathering throughout the day in support of the president. They say he will reel in the former vp and ultimately claim this state. Here inside over my shoulder, you see the process continues to work itself out. They are making sure that this is a process that is transparent and i can tell you its quite interesting to be here where its all happening and everything seems to be calm. A big contrast compared to outside. Liz . Liz my goodness, i know. I know. You give us really good insight on the quality of the vote counting at the moment. As we keep one eye on arizona, i guess a foot in philadelphia, then to georgia. We need to go to this. The georgia secretary of state is just now giving a live update on vote counting there at this moment. This is as we said, the secretary of state. Let us listen in for a moment. Interest in our election obviously goes far beyond our borders. The final tally in georgia at this point has huge implications for the entire country. The stakes are high and the emotions are high on all sides. We will not let those debates distract us from our work. We will get it right and we will defend the integrity of our elections. In some states, there are complaints about monitors not being allowed to watch the count. In georgia, this process is and will remain open and transparent to monitors. If any member of the public raises legitimate concerns, we will investigate those. We are committed to doing anything and everything to maintaining trust in our electoral process here for every georgian. Regardless of partisan preference. Thank you. Afternoon. Statewide Voting System implementation manager. You keep putting your microphones where i put my computer. Right now, the outstanding ballots are about the same as they were this morning, not too much change on that front. But what we do have is a little more information on some of the provisionals that are out there right now. We will start with, lets start with the margin right now. We are looking at 2,448,796 votes for President Trump. And 2,450,381 votes for Vice President biden. That gives us a margin of 1,585. Thats where we stand right now as of 3 08 p. M. On friday. Friday now. We do know that today is the day for the deadline for the military and overseas ballots that would have been postmarked by tuesday, election day, to be accepted and counted in this state. We do have some updated numbers on that. Lets see. On the overall side, we have 18,008 of those ballots have been accepted. And at least 8,410 that are Still Available to be received. Now, again, i want to reemphasize this, that does not mean theres a bucket of 8,410 votes ready to be counted. That means there are 8,410 votes that could have been postmarked on tuesday, and could be received by the Elections Official today. So as i said earlier, thats going to be more than zero and less than 8,410. So it will be somewhere in that range. We dont really know how many that is. I do have a county by county breakdown of available ones. I will give you some of the highlights and we will try to put this into a release to give the details following this press conference. So you usually want the big ones. Bibb, 86 are still out there. Chatham, where savannah is, 395. Cherokee, woodstock, 171. Clayton county, 241. Cobb county, 569. Columbia county, 247. Kaweda county, 99. Dekalb county, 802. A note of personal privilege for a second for the yankees, its dekalb. Pronounce these things. Dougherty, another one, 74. Douglas county, 111. Fayette, 149. Forscythe, 153. Fulton, 956. Thats the single biggest number right there. Gwinnett, 741. Henry, 238. Liz the secretary of state for georgia defending the process of the ballot counting in the peach state. As you just heard, we did have Brad Raffensperger say specifically the situation has been open and transparent to monitors on both sides, and at this moment, that situation remains too close to call, but joe biden has the lead there by a difference of 1,585 votes. The georgia secretary of state also said there will likely be a recount. So we are watching that. We are watching the markets. We have the Dow Jones Industrials down 112. This week and quite frankly this entire year in general, are the perfect example of why attempting to time the markets is mission impossible. But our floor show traders are jumping in front of their cameras right now on this friday and they are going to be talking about the trades they believe can beat any clock. Weve got 49 minutes before the closing bell rings. What a week, but we are not done yet. Stay with the claman countdown. This is decision tech. Find a stock based on your interests or whats trending. Get realtime insights in your customized view of the market. Its smarter Trading Technology for smarter trading decisions. Fidelity. Our own hopes and dreams. Well pass many milestones. Moments that define you. And drive you. To achieve even more. So, celebrate every one. Because success isnt just about where you want to get to. Its also about how you get there the all new 2021 cadillac escalade. Never stop arriving. Its also about how you get there youre choosing whento get connected to xfinity mobile, to the most Reliable Network nationwide, now with 5g included. Discover how to save up to 400 a year with shared data starting at 15 a month, or get the lowest price for one line of unlimited. Come into your local xfinity store to make the most of your mobile experience. You can shop the latest phones, bring your own device, or trade in for extra savings. Thats simple, easy, awesome. Visit your local xfinity store today to ask, shop, discover the latest on xfinity mobile. Liz we need to get to this fox business alert. Investors making a land grab for zillow after the real estate data base reported a massive earnings beat, powered by the pandemicinduced rush to buy homes online. Yeah. In many cases, sight unseen. Besides posting its largest profit ever, zillow group shares riding higher on a slew of price target hikes. Right now, zillows a moving target but mostly up, about 14 to 118. 48. Mobile gaming davids can beat goliath. The name behind the Kim Kardashian hollywood game are on a tear after revenue hit an alltime high and the developer raised its full yearbookings forecast. Its up 26. 6 . To the goliath, Electronic Arts with a market cap of about 34 billion, not scoring any points after posting a disappointing holiday forecast. Thats pulling the stock down by 6. 8 . Gamers did apparently turn to Take Two Interactive for early holiday spending. Take two beat earnings estimates on the success of its grand theft auto 5 and nba 2k 21 games. The Company Raised its annual Sales Forecast so the stock is raising by about 4 . Peloton addiction is now a thing. Revenues nearly tripled for the quarter to 758 million even as many gyms nationwide were allowed to reopen. Wall street raced in to raise price targets on the subscriptionbased fitness company, with jpmorgan still calling it a best idea. The stocks been fluctuating between lower and higher, just slightly, after the home exercise equipment maker did warn of supply constraints due to heavy demand. If you are going to warn about something, thats not a bad thing to warn about. Too much demand, not enough supply. Peloton up. 33 . To uber. Uber hitting a new 52week high in this final hour of trade, up 6. 4 . After the Ride Hailing Service reported a smaller than expected loss, thanks to crazy uber eats demand. Lot of you getting deliveries of food. And a slow resumption of ride services. Take a look at the markets. They have been remarkably resilient three days postelection, as investors on the market actually await an outcome as to who will win the presidency. The major averages are slipping for the first time in five days but just take a look at the major runup that the three majors have seen so far this year. Youve got to start with the nasdaq here. The nasdaq has jumped 8. 7 this week alone. The dow has clocked a 6. 7 gain, the s p not too shabby, up 7 . That makes this the best week for the markets in seven months. To our floor show traders. Chris campbell and price futures groups phil flynn. A week ago, we actually endured the worst week since march and we know what was happening in march. At this hour, we are now looking at the best week for the markets in seven months. What is the number one thing our viewers should glean from that yin and yang over a very short period of time, two weeks . I tell you, i think from my perspective, the second best thing that could happen to the market is a divided government. Of course, the first would be the reelection of the president. But i think like when washington is divided and senate goes republican and the president perhaps looks like joe biden but surely not conclusive at all right now, i think it means washingtons going to stay out of the way of the market and largely out of the way of business allowing business folks to do what they do best, create new things and grow and do well. Look, obviously theres going to be some volatility in the market between now and when we actually know ultimately how this election points ends up, but you know, after that, i think there may be some calm waters ahead as we see a washington thats likely not going to do a lot of legislating. Liz election limbo aside, phil, we are looking at a jobs report that came in, we saw a creation or getback of jobs that had been lost, at least some of them certainly in the beginning of the year. A gain of 638,000, unemployment ticked down to 6. 8 versus an expectation of 7. 7 so thats a beautiful number, but the psychology of the markets right now, fixated specifically on the data earnings or this election drama. I think the election drama is almost behind us, right . I think the market doesnt care, as you can tell by the reaction of the last couple of days. I was singing a song i made up called gridlock and goldilocks. You put those two together, i mean, its going to be beautiful for stocks, right . Youve got the senate thats going to be able to block any dramatic tax hikes, theyre not going to be able to put in a lot of regulations, except by executive order, so this is going to be the perfect scenario for the stock market. You mentioned the market timers. I always say market timers are right twice a day. No, thats stopped clocks. Forget that. Market timers, its great when it works but it doesnt, but you know, listen, you look at the markets reaction, when they were worried about a blue wave last week, thats why last week was so horrible, right, because that would have been bad for stocks, more regulations, higher taxes. This week, hey, its a divided government, things are going to go by. Now, interestingly enough, one thing when nancy pelosi spoke a little bit today, about stimulus, saying the republicans are going to talk about it, she should have taken the deal, right, because Mitch Mcconnell is saying after the jobs report liz now he says it will be a skinny one. Chris, weve got one quick second here. Look at the volatility index. Down another 7. 33 . There is not fear in this market. Whats your best trade . Geez. I would go into coronavirus stocks. I would go in and stay there. We are in this environment for another year, maybe. I think thats a safe bet. Liz great to see you both. Try and relax this weekend. But who knows how the overnight markets and the overseas markets will open on sunday night. I will be tweeting. I will maybe do twitter live. Maybe you can join me, phil. It will be a lot of fun. Good to see you both. Thank you. We have the Dow Jones Industrials again down und under. 5 . No big deal. But go pro making it to the max. The action camera maker swinging to a Third Quarter profit versus a loss a year ago. Strong demand for its hero black 9 cameras to its cloud video Storage Service propelling the stock to the crest of the trading wave, up 16 right now for go pro. The election turning into an extreme event of its own but for everything youve heard, heres one thing that stayed radio silent. Any complaints of chinese, iranian or Russian Hackers interfering with voting machines. You dont hear that, right . The ceo of the company thats being given much of the credit for protecting the 2020 vote is coming up first on fox business and the stock is skyrocketing. 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