Transcripts For FBC After The Bell 20170403 : comparemela.co

FBC After The Bell April 3, 2017

Committee is meeting within the hour. What we know now and what happens next. Showdown in the senate. Democrats now have the votes to block neil gorsuch from joining the Supreme Court. Leaving republicans no choice but to go nuclear. More on this unprecedented move that may backfire on democrats. Conservatives could be coming closer to backing a republican healthcare bill. Well ask a member of the Freedom Caucus and housewares and means where we stand now. David the markets ending with the dow staging a major rebound, closing shy of positive territory. Here with a recap of the first day of the new quarter, phil flynn watching oil and gold from the cme. Lori rothmans, on floor of new york stock exchange. Lori, how Many Political events affected those situations on wall street. Reporter you can bet, david, this Trading Floor has the ear glued to everything coming out of washington, d. C. I think that has probably somewhat to do with the dow made up 100 points. It was looking good last couple minutes. Also economic news. The fact that Construction Spending came in at the highest level in 11 years. Obviously very bullish for the u. S. Economy and the markets. Really putting a cap on things. Disappointing auto sales, especially from u. S. Makers, ford, gm. Fiat chrysler all down cite a bit today. In order even worse, announcing its third recall in just one weeks time. Basically the latest 52,600, 2017 f250 trucks because apparently they roll away even when theyre parked. Obviously a problem there. On other hand you have tesla. That has bigger market share than ford. Reporting fantastic sales. Tesla, 25,000 vehicle deliveries that is a 69 increase in deliveries from a year ago. Back to you. Melissa lori, thank you. Phil, oil was worst performing asset in the first quarter. How did it fare as we kick off the Second Quarter here . Not very well. It started off a little bit higher and pulled down a little bit lower. A lot of that was on talk that libya will resume oil exports. The Biggest Oil Field shut down a beak ago. It is supposedly back online. You cant look at libya reliable supplier. We have to watch that very carefully. The other thing gasoline prices. Nobody is talking about gasoline prices. They hit the highest since january. That is tight situation on that. But the worstperforming sector was energy. The best performing commodity was precious metals. Gold eked out a gain. Concerns on geopolitical risk, giving as you rally. Back to you. Melissa phil, thank you. David clearly investors are looking for clarity in the new president s agenda ahead of meeting with the chinese president. We have list peek, the fiscal times and. Liz, we were down most. We went into a tripledigit loss exactly at the time the democrats announced the gorsuch vote would have to go nuclear. Did that affect the market at all. I think it is clear for some time neil gorsuch will sit on the Supreme Court no matter what democrats do. For the republican brand right now, i dont think it is all bad for them to come out and use the Nuclear Option. I think people who have given, voters who have given republicans the white house and both parts of congress are ready to assert themselves. Gorsuch had 2700 appeals cases. He ruled with the majority of 95 of the time, for schumer is not in the majority or not sort of a mainstream cap date is ridiculous and Everybody Knows it. It is pure politics, dan, following lizs logic, the market almost had a come back. It went barely negative. The market absorbed all of this, yes, they will go nuclear but gorsuch will be in . A lot of Supreme Court decisions that will affect business in the coming years. I assume from the start of the year that everyone knew that gorsuch would get confirmed at some point whether they use the Nuclear Option or not. I would have assumed that the markets care a lot more about whether or not they can somehow get rid of dysfunctional actions on capitol hill and do something on health care and tax reform. Melissa all right. The president pushing for a health care replacement, tweeting, quote, talks on replacinand repealing obamacare are and ve been going on and will cont until such time as deal is hopefully struck. Senator rand paul is on the same page after golfing with the president. We had a great day with the president today. We talked about health care reform. Sides are getting closer and closer together. I remain optimistic well get obama care repeal. Melissa joining me is congressman david schweikert, from arizona, a member of the house ways and means committee. And he is with the house Freedom Caucus as well. You have a very cute guest there with entire interview. Putting an adorable child next to you on camera is very dangerous. Everybody is only looking at her. Who is that . I learned, this is my little girl. She is 18 months today. You know, my wife keeps trying to remind me, this is why we go through this fivehour flight to get here from arizona is battle for her future. Melissa oh, wow. What does she think about the Health Care Push . Do you have her there . Lobbying people, bringing sanity and wisdom to the whole conversation . Melissa, youre actually brilliant, we were thinking of using her, dont give me your vote, give it for her . Perfect little girl is useful in helping whip the remaining votes. Melissa yeah, because none of my children, i know theyre watching at home, forgive me kids, but none of them behave that well and sort of that quiet and cooperative. That is very impressive. We, my wife and i spent almost a decade trying to adopt and we won the lottery. We are the luckiest couple you can imagine. We have the Perfect Little girl. Melissa that is so beautiful. Now i have to ask you about heal care afalat. How close are we to a deal especially with the gem you have there . How close are we . It was interesting weekend a couple of us spent a big chunk of weekend talking not with members but with sort of technical policy staff to sort of understand, because if you actually listen to the right and left of our conference, everyone is fixated on what are we doing to lower premiums. In the small group and individual market. I think we may be getting closer. It is just, it is hard to it draft. It is technical but i think were getting closer. Melissa if you have a bottle or pacifier, this is the moment. Im saying, i have a 20monthold myself. Something to eat would be perfect at this moment. Let me tell you, you say you want to bring premiums down. The argument against that was idea it had to be done in steps last time. I think a lot of people outside of the beltway says you guys make the rules. How come youre saying rules are preventing you from doing what you need to do . Is there a chance to bring it all together this time . Yes. Were still the three silos even with what may happen in the senate with regards to gorsuch. Im assuming the senate wont completely blow up their filibuster rule. We will still have to move the base bill in reconcilable fashion, subject to all the crazy rules in the senate. That creates a narrowly crafted specialty bill. Melissa yeah. Were finally getting a list from hhs, dr. Price, of number of things he is going to be able to do to create options in the market and create sort of competition and price efficiency. Then the third is the, is the big silo, and that is, what can we do with policy but has to find 60 votes in the senate. Melissa youre genius. Everyone is nodding your their head agreeing with you because we have no idea you said because your daughter is so cute. She found her fingers is always better than a passy. You brightened our day, i have to say. David dan, you have to manage to be cutes an 18monthold girl. Go ahead. I dont think there is any way i can compete with that. Melissa good luck. Instead i put everyone to sleep by saying the real fight is what can you do to take away obamacare regulations that force up premiums. If have these rules on reconciliation and senate wont agree. Of course republicans are all so worried what if this means someone is uninsured, will that create a bad news cycle for us 18 months down the road, these are all the moving pieces theyre trying to figure out. I just hope they figure them out because, they need to get this done. They need to fix some of the real bad warts in our tax code. David liz,. David 18monthold girls are adorable. That is absolutely true. It is all true that we all die and have to pay taxes. Taxes are the things that concern americans the most i think right now in terms of their own pocketbook issues. Are we going to see the same kind of infighting that we saw among republicans on taxes as we did on health care . Im afraid it could be even worse and heres why. Youre going through the reconciliation process and that means u basically have to be revenue neutral for 10 years and beyond. That is an incredibly heavy lift when youre trying to lower tax rates not only for individuals but for businesses. And therefore, you have to have an adjusting mechanism and what they have come up with is this border adjustment tax which is highly controversial. A lot of people on the right really dont like it because its a very easy thing to sort of slide upwards, sort of under cover of darkness. Vat in europe gets higher and higher. Never any end in sight and theyre worried the border adjustment tax david why free market economists hate valueadded tax because it is so easy for politicians to raise. Yeah. David hasnt there been a learning curve for the president. Wont he jump ahead on roadblocks on taxes and get something done . I suspect at the end of the day, i wrote about it this morning, trump will say a pox on all of you, go back to what i talked about on the campaign. Do a big Corporate Tax rate reduction, because one fell swoop that could dramatically boost u. S. Competitiveness, maersk us magnet for jobs an investment instead of driving them away. I wouldnt be surprised that weil get at end of the year. David liz and dan, remarkably fine job to rise above an 18monthold girl. I dont know if you made it. Well let you know about the ratings later. Thanks. Melissa Ivy League Universities have enormous endowments, why are they getting more u. S. Funds than 16 u. S. States. One congressman is looking, wants to hold the schools accountable for how they spend our tax dollars. He will it will us. David congressional investigations into the elections into the russian interference is heating up. House Intel Committee is holding a key meeting this hour. Melissa as sources pointing to susan rice behind unmasking the Trump Transition Team swept up in foreign surveillance. This is one of the hot topics at todays White House Press briefing. Blake burman is asking the key question of the briefing earlier. More on how the white house is responding. Let me pick up here a couple questions that i will start here. Does the white house believe susan rice may have done anything illegal . Dear predictable, theres no other way to say this. Its over. Ive found a permanent escape from monotony. Together, we are perfectly balanced, our senses awake, our hearts racing as one. I know this is sudden, but they say if you love something. Set it free. See you around, giulia why pause a spontaneous moment . Cialis for daily use treats ed and the urinary symptoms of bph. Tell your doctor about your medicines, and ask if your heart is healthy enough for sex. 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Melissa multiple sources telling fox news that former National Security advisor susan rice requested that trump team membs names be unmasked in intelligence reports. Blake burman is live from the white house with this intelligence fallout. Blake . Reporter hi, there, melissa, youre exactly right that would put the Obama Administration squarely at center of this story as susan rice was former National Security advisor for president obama. Unmasking to get into all of this, that is the process of revealing someones identity for intelligence purposes if there is no intelligence value, that persons identity is supposed to be kept essentially concealed, unmasked. If there is some intelligence value, it gets spread within the intelligence community. The question here is this, whether this was done for legitimate intelligence purposes or, if there was some political motive attached to it. House Intelligence Committee chairman devin nunes is the first one who said last month, in which he raised that ultimate question. So at the White House Press briefing earlier today, sean spicer was asked about this, about the multiple sources now telling fox that it was susan rice, former nsa head, who was behind the unmasking or at least requested the unmasking of these names. Spicer did not want to get into it. Did not want to say whether or not it was politically motivated but i asked him the following question. Listen. Does the white house believe susan rice may have done anything illegal . I think, appreciate the effort there. Im not going to start going down that road as weve said before, if we go down road, we need to go down them all. At this point i think we supported this review that weve asked for. Reporter so the white house there, not commenting though they certainly questioned today, when it was asked a few times in the press Briefing Room why this story isnt getting more pickup. By the way, melissa as relates to susan rice herself, no Public Comments in action, but it also remains unclear what she may or may not say due to highly sensitive nature of classified information. Melissa interesting, stuff, blake. Thank you. David very interesting. Worth a panel. Erin elmore, former apprentice contestant and Blake Rutherford, democratic strategist. Erin, there are two questions on the whole russian issue. Did president obamas team spy on trumps team . That is number one. Number two, did the trump team conspire with putin in russia. On which of these questions have we gathered more evidence . Well, the former, not the latter. I always love a twopronged question, but what miss rice did here is so much worse than anything that general flynn did. She is going to be in hot water. This is that she will have to obtain lawyers. She wanted to unmask people working on the Trump Transition Team and see who they were having conversations with outside of the United States. This is not for National Security purposes this is politicallymotivated endeavor. To say this is not barack obamarelated she worked for barack obama. David she didnt respond today but on march 22nd, blake, she was on pbs. She was asked specifically about the unmasking charges of nunes. She was asked by judy woodruff. I began by asking about the allegations leveled today by house Intel Committee devin chairman that trump transition officials including the president , may have been swept up in surveilance of foreigners at the end of the Obama Administration. Here is how she answered, blake. I know nothing about this. I was surprised to see reports from chairman nunes on that count. David now if the story today is true, isnt her denial on march 22 a lie . I dont think were in a position to characterize that. We should wait to hear from her. I want to go back to the twopronged question. David sure, to ahead. We certainly know the president s allegations that president obama spied on him are absolutely false. We have multiple agencies who reached that conclusion. What we dont yet know is the answer to question number two which is far more troubling, whether there was collusion between the Trump Campaign and russians. David everybody has answered that question already said there is no collusion. All the intel officials et cetera. That is not right. We have. David it is right. We havent begun, senate Intelligence Committee is just david we had them on, forgive me we had them on fox news and fox business. Weve asked them pointblank, is there any evidence of collusion between the trump and russia and their answer is always no. There is no evidence. May be in the future but none right now. We wouldnt have need for investigation. We also wouldnt have the need for Trump Administration to call for an investigation if that was right. David there is smoke. There is smoke. There is smoke all over the place. But erin, back to you, the question whether there is fire. So far the only fire that weve seen, i think what, if the story again today is true, that susan rice was responsible for unmasking some of these names, that means that what she said back on march 22nd is not about this unmasking. D no idea so we caught her in a lie. Certainly seems that way. Dont forget susan rice is the person behind that whole benghazi scheme, unruly crowd that was responding to a

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