Transcripts For FBC After The Bell 20160428 : comparemela.co

Transcripts For FBC After The Bell 20160428

Quarter report. Could come out any minute. If history is our guide well see the stock move up or down as much as 10 based on what happens. First lets get you back to these stocks, dropping into the close. Lets go right to adam shapiro at new york Stock Exchange. Adam, it was about 2 30 when the market really began to slide. What happened . The. Reporter i asked some of the traders down here and they said it is just algorithms, computerized trading started the selloff. When we broke below 2095 on s p 500, those computers kicked in and down we went. Look at stocks that sold off big, ibm was down close to something 2. 1 . Home depot was down over 2 . Apple, we keep talking about apple after they missed on earnings, look at that apple down 3 . Goldman sachs down what, 1 1 2 . Boeing was down close to 1 1 2 as well. What is surprising after we got the bank of japan news this morning which surprised everybody, we started to pull back from the selloff. We were one point down only 12 points on the dow. I asked a trader what is going on here . He said a lot of positive news on earnings. A lot of companies, ford, for instance, beating on revenue. That was not enough to sustain it. We had to sell off. David apple, we should mention, carl icahn used to be biggest booster of apple sto that didnt help the stock at all. Adam shapiro, thank you very much. Gerri first donald trump wrapping up his latest pitch to the hoosier state. Fox businesss jeff flock in evansville, indiana, with the latest on the campaign trail. Jeff . Reporter it has been quite a week here, gerri, and there is more to come. Arena took place behind me, big donald trump rally, big overflow crowd, thousands of people. This on a day when elsewhere in the state Carly Fiorina was being trotted out by ted cruz as his running mate, quote, unquote running mate i guess you might want to say. Of course donald trump had stuff to say about that. You can perhaps what he had to say. He said, essentially, all it was about, naming of Carly Fiorina, was taking the focus off the drubbing that ted cruz got in the northeast primaries earlier this week. Take a listen. What does he do to recover . He gets Carly Fiorina, she is very nice. Everythings fine. [booing] carly got out. She had no standing, i mean there was, she had one good debate on the childrens stage, she was not on our stage, she was on the childrens stage. Remember, she didnt debate against me. Reporter donald trump had other things to say about Carly Fiorina in the campaign. None of that today. He was a little bit more president ial. It was a president iallooking arena. Although what he had to say was pretty much vintage donald trump. Gerri not sure surprising there, jeff, thanks for that. Amazon out with First Quarter results. Jo ling kent with numbers in the newsroom. Hey, jo. Reporter gerri, stock popping 11, 12 in afterhours trading. It had preet serious beat of the 27. 98 billion the street was looking for. Looking at earnings per share, profit per share coming in at 1. 0. Street was forecasting mere 58 cents. Pretty big jump there. Second Quarter Sales moving the stock. Expecting 28 to 35 billion. Going through numbers right now. Gerri amazing story. Jo, thank you for that. Lets bring in the Senior Editor of mobile nations and we have the editor of point view wealth. Amazing numbers. Daniel, what did you make of them . These numbers are an indication that amazon is firing on all cylinders. They have aws outperforming even though google and microsoft are both gunning for that business. They have Consumer Electronics sales just skyrocketing. They have amazing and exciting technologies like the echo that are, for first time in a long time really getting, you know, tech consumers excited. They didnt have a Great Success with their fire phone. A lot of people wrote them off for that. I think this is finally seeing amazon coming back into the Consumer Electronics space. Gerri im totally blown away by this the rap on amazon, cant get earnings, well look at this, my friend. John, what do you say about this . Yeah, amazon is proving to be extremely volatile on quarterly basis. They missed analyst expectations in First Quarter. Now they blow out the numbers. The fact of the matter amazon may be the most Disruptive Company all time. Not a boardroom out there, walmart, tech storage company, even amal reit out there right now sitting around discussing amazon and disruption they cows to their business and everything they touch. Clearly phenomenal quarter. Gerri do thesethese result not speak to the broader economy or are they apples problems . Apples problems have something to do with a slowdown in the chinese economy and theyre still earning 50 billion revenue in a quarter. What amazon is doing, finally taking some of that profit, theyre moving past that investment Stock Exchange and theyre finally seeing prime which has grown several quarters in a row now, becoming one of their most important products as they add more services to that 100dollars a year subscription, they launched food delivery in San Francisco this week. That is another part of the whole puzzle. Gerri amazon prime, 54 million members in the u. S. Spending 1100 a year. That is amazing. Big story for you, amazon web services. What are you seeing out of this report . I havent gone through the quarter yet. But that is clearly the big growth story because the margins are so high. Tagging back on apple here, what youre seeing here is the loss of steve jobs and you dont have the visionary ceo where with amazon, jeff bezoss vision as ceo carry through and you had facebook last night with Mark Zuckerbergs vision of the company, with the acquisition done over the years really carry through. You see visionary ceos, where they take their companies to the next apple. I think that is what apple is look lacking right now. Gerri im embarassed to say our family has three different echoes. At thats where i stand. David shoutout to Charlie Brady, if they beat the numbers they will go up 10 . Theyre now at 11, so charlie, good working with you. Even before this weeks fivestate blowout, cruz was trailing trump by 8 Percentage Points so isnt the mow men all all in trumps favor. We have steve dynan, Political Correspondent for the washington sometimes. I want to get to the market story. Market went down 200 points. We had great numbers from amazon but the general trend take in gdp numbers which are only half a percent are not in the economys favor. Who can make the most of this particularly in indiana, donald trump or ted cruz . Well both of them certainly have an opportunity. Obviously the argument there, look this is the obama economy and no matter who you are, youre probably in indiana, you have a lot of bluecollar voters. Those are donald trump voters. If you had to choose edge between trump and cruz, john kasich not really competing in indiana. If you choose edge between other two, it would go to donald trump. He started off the campaign talking about trade and immigration for him and much of the country are economic issues. Just as donald trump businessman, he obviously brings a, an edge into this race. I think bigger question is david by the way. Hold on a second. I think you really nailed it on that one point. None of other candidates said before, have create ad single job. Trump can say i created thousands jobs. I needed to create jobs. I know how to grow businesses. Some of his companies have done poorly. The fact he is only candidate running who actually created jobs in the private sector. No question. The worst the economy does better for donald trump right now. There is no question because it plays into message and americans become more receptive immigration parts of the message and trade parts message the worst the economy does. Whether the economics underlying what he says are correct or not resonates to americans. That is valuable to candidate. David understood. Momentum is key here, weve seen it all through the campaign, how momentum pushes candidates in various direction. I think momentum is in trumps favor after the fivestate blowout. Doesnt that mean the 8 lead trump hasnt yana, might just grow arent getting smaller . Sure, absolutely. Trump pass ad key marker tuesday night. He now has 50 , slightly more than 50 of all of the delegates that have been awarded to date. That means he is now for first time in this Campaign Officially on track to win the nomination on the first ballot, come the convention in july. That is real momentum. He is showing he can organize and showing he continues to win these key primaries, not just caucuses and some smaller organizational battles ted cruz has won, he wins big things when voters show up at polls. Indiana obviously is another one of those. There is a lot riding on this. This is ted cruzs last chance to stop the donald trump momentum. Also ted cruzs last chance to sort of prove that he can go further, that he can win big contests. Fairly to mediumsized state. He needs to do something here or else his campaign, he may continue fighting but this will be his big last stand. David steve dinan of washington times. Good to see you. My pleasure. Gerri trumps key strategists wooing congressman in the washington establishment. Could the tide be turning . David no such love for trumps rival, one of the biggest congressional leaders of the past decade, slamming ted cruz equating him with the devil. Gerri will farrell play Ronald Reagan with dementia as a comedy . As you can imagine the idea for this movie getting some backlash. This is incredibly disrespectful to arguably one of the best president s america has seen. Someone who turned economy around. Who stood up to communists. This just got interesting. Why pause to take a pill . Or stop to find a bathroom . Cialis for daily use is approved to treat both erectile dysfunction and the urinary symptoms of bph, like needing to go frequently, day or night. Tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex do not take cialis if you take nitrates for chest pain, or adempas for pulmonary hypertension, as it may cause an unsafe drop in blood pressure. Do not drink alcohol in excess. Side effects may include headache, upset stomach, delayed backache or muscle ache. To avoid longterm injury, get medical help right away for an erection lasting more than four hours. 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If you have Liberty Mutual deductible fund™, you could pay no deductible at all. Sign up to immediately lower your deductible by 100. And keep lowering it 100 annually, until its gone. Then continue to earn that 100 every year. Theres no limit to how much you can earn and this savings applies to every vehicle on your policy. Call to learn more. Switch to Liberty Mutual and you could save up to 509. Call Liberty Mutual for a free quote today at see Car Insurance in a whole new light. Liberty mutual insurance. Gerri bad news on the economy today. The u. S. Economy grew at slowest pace in two years in First Quarter of the year but president obama is painting a much rosier sy picture, touting improvement of the economy and jobs growth under his administration. Here so weigh in, steve moore, distinguished visiting fellow of Heritage Foundation and fox news contributor. Steve, what do you make of this 0. 05 growth . Pretty abysmal and we had 1. 4 growth in the Fourth Quarter of 2015. So that means essentially the economy is growing at 1 for the last six months with real little sign of improvement. And so, what that means is, we decelerated from a kind of 2 growth which is not fast growth at all to 1 this is bad news for Hillary Clinton by the way. She has been running essentially on four more years. Gerri so that half percent growth, i got that news this morning, just as that news was crossing the New York Times was putting out its big interview for the weekend with president barack obama. He is summing up his view of how the economy went, talking about how great it was. I want you to hear this. Listen, this is from the story from this weekend. He said i actually compare our Economic Performance to how historically countries that have wrenching financial crises perform. By that measure we probably managed this better than any large economy on earth in modern history. And im thinking where, what, seven years out of the Great Recession and we cant get past stall speed. We havent had 3 growth in 10 years. Where do you think he gets this idea that everything is wonderful . Well this is going to be liberal spin. They have to put some kind of spin on abysmal economy last seven or eight years. It was financial crisis. We couldnt done any better than this. By the way their own numbers, you go back to january, february of 2009, they put out a report saying that if we had done nothing, if we had done none interventions stimulus plan, minimum wage increase the economy would have grown faster if we had done nothing, than borrow 8 trillion. American people dont buy it this is the worst recovery, this kills obama and hillary. Worst recovery from a recession since the great depression. Hard stop, period. What is your response to that, mr. President . Gerri he is not answering that question. You mentioned before that Hillary Clinton would have a hard time defending this number. She is on obamas side, right . Who benefits from this number . Seems to me donald trump has been saying all along this recovery is not what the experts said it was . Im frustrated with republicans too. By the way, first on hillary, look at her Economic Program, what is it . Her Economic Program is more infrastructure, public works spending. Does anybody believe that will stop the economic malaise were in right now . I dont think it is very saleable. The problem with the republicans theyre not talking about economy. They have debates gerri donald trump is always been talking about. Starting to. Gerri make America Great. Jobs are not there. Income is not there. Thats true. He is supposed give major speech on economy in next two weeks. I dont hear enough, even from donald trump how will you make America Great again . What are the specific steps . How are we doing that on Energy Policy . Gerri looking about the economy, talk to the American People. Thats all they talk about. So i just think they should be talking about it more. I harken back to debates that were had you have a twohour debate and spend ten minutes talking about economy. If im republicans i talk about how obama put coal workers out of work and going after gas industry. All those things. Gerri well have to leave it there. Thanks for being on the show. David whoever is elected hire that man as treasury secretary. Gerri i agree. I love steve. David shares of amazon soaring after hours as our chief economist Charlie Brady said they would. It is up over 12 after the Online Retail giant beat the street reporting First Quarter sales up 28 . Give you some idea a year ago, they had negative profit of 12 cents. Gerri turnaround, you call that a turnaround, my friend. Trump putting america first. What the gop frontrunner is promising and what it could mean for the u. S. And our allies next. Plus defense secretary ash carter getting grilled on capitol hill. What he had to say about the fight against isis. Thats coming up. We always seem to be a step behind, a day late and a dollar short. David defense secretary ash carter and chairman of the joints chiefs appearing on capitol hill testifying in front of Senate Armed Services committee on the war against isis as they stepped up efforts against the terrorist group. Fox newss Jennifer Griffin has details that emerged from todays hearing. Hi, jennifer. Reporter hi, david. This is the first time the Senate Armed Services Committee Heard from ash carter and general dunn ford after they traveled to iraq. President obama ordered 250 special Operations Forces to syria on top of 200 troops to iraq. Armed Services Chairman john mccain called it move long overdue and ultimately insufficient. The u. S. Response has appeared confused, reactive and inadequate. Non

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