Transcripts For FBC After The Bell 20161115 : comparemela.co

Transcripts For FBC After The Bell 20161115

And protect illegal immigrants. Were going to tell you what they stand to lose in return. Antitrump protests continue for the seventh straight day. Alveda king, dr. King joining us with her meggs for this divided nation. Melissa but first to the markets, the dow setting another record high for fourth day in a row. Microsoft and chevron topping bluechips. Oil driving stocks higher with a major comeback. Phil flynn, price futures group, fox business contributor. Watching action from the cme. Lori rothman is on the floor of the New York Stock Exchange and, lori, markets turning positive a little over an hour ago. What were some of the biggest movers have today . Reporter tech finally turned around, melissa. Before the start of trading S P Technology index was down 3 postelection outcome. But that has changed today. Looks like maybe some people thought maybe there was some buying opportunity there. Lets unpack this a little bit for you starting with apple. News of apple theyre coming out with wearable glass headsets that actually helped the stock gain as well. We saw some significant gaps up today for amazon, facebook, alphabet. Once again stocks that were quite frankly hammered since the outcome of trump victory. Lets go ahead look at advanced auto parts this was another big gainer. It was double digit percentages. Look at that up almost 15 . The gain here with rally starting after the bell with stronger than expected earnings. On the other side of the coin you had the banks. Financials some. Biggest winners postelection and probably saw profittaking today with wells fargo leading the decline down 1. 2 . Bank of america did manage to end in the green albeit slightly half hour of trading with a broader gain. David lori, thank you very much. Phil, oil partly driving the stock rally today. Crude closing up more than 6 at the end of the day 5 at end of closing day. Biggest oneday gain in seven months. What is behind the big comeback . Incredible. It is about opec, dave, believe it or not. Everybody wrote off the opec deal a couple weeks ago and said hey, there is no way they get this done. Yesterday we heard a report, huge diplomatic push to get it done. Now a report that the Saudi Oil Minister is going to doha to meet with some other Oil Producers like iran and iraq. They have been ones against getting a deal done. They dont want to freeze production. Theyre considering a number they will freeze at. When that word got out this market absolutely exploded. It even helped gold a little bit, despite the fact that dollar at 11month high, polled ended up creeping a little bit higher following oil. Looks like oil raises all boats, dave. David word of warning for opec. Donald trump is going to unleash oil like weve never seen it unleashed before in this country. Phil, thank you. Melissa. Melissa leaked memo from trump Transition Team, shows the president elect plans on hitting the ground running from day one in Office Starting process of reshaping and renegotiating americas trade, like nafta, shifting focus toward u. S. Workers and companies. Joining me with reaction, gary kaltbaum, kaltbaum capital management, Fox News Contributor and liz peek from the financial times. What is your reaction . Trump made enormous issue of renegotiating the trade pacts and something American Workers really responded to and voters really turned out to vote for. I think he had to do this. What hasnt been talked very much about, for example with the tpp, the asian pact obama was pushing which now appears to be dead, the truth is when the world bank did a study of that, showed malaysia, vietnam and japan were big winners in the trade agreement and United States was not. So trump isnt just making up the idea there are winners and losers that the u. S. Has been disadvantaged. If you go through nafta and some of these other agreements well find that they can indeed be shaped to better help American Workers. That is what he ran on. I think that is what he will have to do. Melissa it is true. He opened a lot of our eyes what really happened inside of these trade deals when so long we took the idea free trade was best way to go, looking more closely. Gary, a classic reset. He set the timeline what he will do each day and what he expects. He is bringing to the table a very tough attitude. How much do you think he gets done and how ugly do you think it gets . I think he will get as much as possible done. Look, he has got both houses and i think he is going to be tougho donald trump just be careful. A couple dudes named smooth and hawley in 1930 went a little too far. You ended up with a major trade war. We heard from china. Theyre not exactly happy. If everybody starts slapping tariffs on each other you end up in a trade war. If you want to stop the economy dead it ins tracks you will get it. I like what he is doing. All trade deals can be approved. He is definitely on side of america versus handing things over. Take your time and make sure you know what youre doing. David president elect donald trump will take over during the longest but the weakest economic expansion since world war ii. So is trump going to take over an economy due for recession or one that is is poised to grow our economy at full steam . Liz, some say you cant argue business cycles, were due for recession but on other hand weve been pretty much been in recession for past seven years. Maybe were due for Growth Without recession . Pretty much all the economic assumptions people had 10 years ago have been thrown overboard i would say. Here is what we know. There is headwind ahead with rising interest rates. Probably the fed will move to raise rates in december. That has been something that the, obviously low rates fueled a very ebullient stock market. Very helpful for consumer spending. Here is Something Else to keep in mind, the economy is operating 75 of the capacity. There is no upward ceiling on growth right now. Obviously we have a lot of people, 95 million americans of workforce age are not working. David right. So there is lots of labor, lots of capacity. If we push the right buttons well see some pretty good growth. David gary, aint for nothing that most americans feel weve been in recession for seven years. Therefore it is time to grow without a recession. Maybe theyre not inevitable . Well, look the fact of the matter is, we had subpar growth for eight years while Central Banks have been in zero president printing trillions. David exactly. It hasnt worked. We should be at 10 growth. For me the bottom line is, if donald trump is going to come in and stop the growth of government and let businesses and consumer keep more money in their hands, that is going to be a boon to the economy and then well start getting above average growth. He needs to deliver. All we have had is headwinds for the last eight years out of d. C. Now were going to have tailwinds. I think that will be a huge, huge help. David were capable of so much more than weve had. Much more. David gary, good stuff. Thank you both. Melissa . Melissa donald trump campaigned aggressive against ford and other auto manufacturers exporting jobs out to mexico. Jeff flock caught up with ford ceo mark fields at the l. A. Auto show. Last month fields told Maria Bartiromo that ford may have to rethink the mexican production under president trump. What did he say about that today . Reporter he said he rethought it and it will go forward as planned. No change to the plan to move small car production to mexico. Of course thats all anybody wanted to talk to mark fields about. He is still back there behind me in that chair. You can maybe see his back. Still answering questions from various members of the media on this topic. I asked him about the whole way the campaign went. Ford suggested it hadnt been that fair the way this shook out. Here is what he had to say. Do you feel like you got a raw deal there . Listen, the election is over. Listent end of the day i think rd should be held up as an example, a Company Always innovating. A company that didnt take taxpayers assistance. A Company Always looking towards the future and how we support our home market. Well continue to do that going forward. Reporter he said he is confident that, you know, the right policies, good policies will prevail. He points out ford has invested billions of dollars in u. S. Facilities, has created thousands of u. S. Jobs over course past few years. He makes a very important point, no jobs will be lost as a result of relocation. You say how will that happen . They are bringing two new vehicles to the plant essentially taking to mexico. They keep the plant open and employ workers. Though he would not confirm it is wildly believed the two vehicles will be for the ranger and the ford bronco which is a blast from the past. Last made in the u. S. In 1996. Last ford ranger to roll off the production line here several years ago as well. Those will keep the jobs there of the he is hopeful he can reach accommodation with donald trump. Melissa well see. He is a deal maker. There you go. Jeff, thank you for that. David sure is a deal maker, man, i cant wait. Melissa total reset on everything. David rhetoric versus reality. There is a lot of that boeing on. President obama says president elect trump will not scrap the Iran Nuclear Deal once he sees how it is working but is it working . Well look into that. Melissa mayors across the country vowing to defend sanctuary cities against Donald Trumps deportation plan. What the cities may lose as a result. David Donald Trumps Transition Team is narrowing its list of candidate for key cabinet positions. One man voluntarily taken himself out of the running. Herman cain is here joining us with his take on all surprising turn of events and remaining contenders. I think for donald trump the criteria are very simple. Yes there are people who are loyal but not just to him, to his vision. I use whats already inside me to reach my goals. So i liked when my doctor told me i may reach my blood sugar and a1c goals by activating whats within me. With onceweekly trulicity. Trulicity is not insulin. It helps activate my body to do what its supposed to do. Release its own insulin. Trulicity responds when my blood sugar rises. I take it once a week, and it works 24 7. It comes in an easytouse pen and i may even lose a little weight. 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We dont have john bolton here tonight. So i will ask you questions. John would be a very good choice. Is there anybody better . Maybe me, i dont know. [laughter] david he wants that job. President elect trump meeting with future Vice President mike pence to go over some cabinet picks for new administration. Speculation over potential picks, former mayor Rudy Giuliani, they all continue to swirl all these questions who is right for which position. Here to weigh in, herman cain, former republican president ial candidate and Fox News Contributor. Good friend. Good to see you, herman. Thanks a lot, david, happy to be with you. David lets talk about somebody else, steve bannon. Yes. David head of breitbart, came in helped trump win presidency with pretty good advice. Trump wants him on inside but a lot of people are talking dirt about the guy. I think right now senator harry reid is on the senate floor, maybe we can show that picture. This is a live shot of harry reid. He is calling the guy a white supremacist. I know steve bannon, i know he is not a white supremacist. That is rhetoric coming out of this guys mouth. What do you think trump should do about that . Im a black guy and i know steve bannon is not a white sue prem civil. I know steve bannon, okay . As you indicated he helped to engineer a president ial win. Start from there. Harry reid and nancy pelosi and liberals, they dont want to start from steve bannon helping to engineer a president ial win. They want to go back and pull out old dirt that is irrelevant. All of this attack on steve bannon is because they have nothing else to try and slow trump down. Let me tell you the other most stupid thing that i saw just before i went on your show. Democrats are asking trump to fire steve bannon. Are they nuts . That is just outright stupid david right. They dont understand, first of all, leadership, and they dont understand donald trump. He is not going to fire steve bannon. David i think youre right. I think donald trump is going to listen to you. By the way, im wondering why dr. Carson took himself out of the running . I thought he wanted a position in the cabinet. Health and Human Services or, Surgeon General or Something Like that. Why do you think he took himself out . Well, it might be, taking a cabinet position is a lot of work, okay . Maybe he didnt want to do that and he wanted to continue his own venture of delving into education. He has a Great Foundation going relative to education. But david thats true. Dont rule it out yet. David yeah. He may have taken himself out of consideration but if he is asked, he might reconsider because he is interested in serving the country. David yes he is. It may not be over yet but just david working long hours. The guy has worked 16 hours on one operation alone. Exactly. David what about Rudy Giuliani . We are as we get word of more antitrump protests, i want to talk about americas mayor, Rudy Giuliani and why would he say no to the attorney general job, if anybody is perfectly suited to be the law and order guy in this country it is Rudy Giuliani . Well, this is only my speculation because of my business experience. He may know that job and requirements so well, that he knows how hard it is going to be and maybe he is not inspired to do that job. He might be more inspired to do a job where he brings outside experiences. Heres the analogy. When i was running some of the companies that i was running, i would sometimes take the Vice President of operations and put them in charge of marketing. Take the Vice President of marketing put them in charge of operations. Guess what . Both organizations flourished because they brought a different perspective. Rudy giuliani would bring a different perspective to the state department that it might need. So i dont think this is out of the realm of a possibility. David okay. And i believe it makes a lot of sense. David all right. Got such a strong track record in law and order. Oh, yeah. David very quickly on the demonstrations around the country, your thought . My thoughts are the demonstratio are funded and unfounded. These are the same people that wanted donald trump to respect the results. Now they are showing their hypocrisy on steroids. Respect the results. Even president obama said donald trump is the 45th president of the United States. It is funded, we know that but unfounded. Like a toddler pitching a fit in the floor, let them cry it out, kick and scream and they will eventually get over it. David herman cain, im sure he is a good father as well as good businessman. I raised two great kids letting them cry it out [laughter]. Melissa amen to that. Let them sit there and do their thing. They want a reaction. Dont give them to it. It is perfect. Top priority for the Trump Administration. President elect donald trump planning to focus the initial Foreign Policy strategy on one specific area. Well let you know what that is. Trump vowing to repeal and replace obamacare, but is leaving the door open to keeping certain parts of the law . James freeman of the wall street journal weighs in next. You made up the fact that obamacare has caused job loss. There is no evidence. You made u

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