Transcripts For FBC Countdown To The Closing Bell With Liz C

FBC Countdown To The Closing Bell With Liz Claman April 1, 2016

To turn a wisconsin win into momentum . Well ask Katrina Pierson how mr. Trump is handling this bumpy week on the trail . What happened behind closed doors during the rnc meeting and why is trump m. I. A. On the trail today. The anaconda ad, ted cruz supporter and former reporter on that ad and the lyin ted pileon and how the snake goes around the neck. The Nuclear Summit with more than 50 World Leaders, wait until you hear how he describes the Iran Nuclear Deal today. Likes the jobs report, the Dow Jones Industrial average near session highs. More than a 200 point reversal after initially falling when the Labor Department announced the Unemployment Rate kicked up to 5 but the economy created 215,000 new jobs. Charlie gasparino switched his story, new news on how the Clinton Campaign plans to thread the needle on wall street, and well show you teslas hot new ride. So hot elon musk is updating stunning reservation numbers for the model 3. Less than an hour to the closing bell. Time to gun the engine and start the countdown. Liz this is interesting, the dow is up 96 points at the moment. The high of the session, up 103. Low down 117. Huge swings today. The markets playing a bit of april fools head fake for investors from high to low and low back up to high. The dow, we keep having to change the scripts, it has swung more than 217 points. Right now on the high part of it. The s p moving higher half a percent. The nasdaq looks darn good. Up 37 points. Thats pretty much the high of the session. Seconds ago the high was up 35 points. April is traditionally the best month for the dow and saw a dip of as much as 117 points this morning. After the strong jobs report, heightened Interest Rate hike fears can you see for the past ten years, the gains for the dow in april look the best. Did you buy a new car last month . Somebody out there did. Auto sales have shifted into high gear making march the best month for the industry in ten years. Weve got the names, ford, honda, fiat and chrysler and nissan plus gm seeing sales increases, the exceptions were toyota, a 3 sales decrease due to weak car sales and volkswagen as the Company Continues to reel from the emissions cheating scandal. Big movers, blackberry and walgreens books alliance, its not all bad news for the company. Blackberry software and Services Department is showing signs of growth, huge turnaround of ceo john chen. Wall green Boots Alliance up 3 after target raised the credit score, were standing at 86. 75. A lot of room there. Wisconsin voters vote in just four days in a brandnew fox business poll, were doing polls, senator ted cruz leading donald trump in wisconsin does. This spell trouble for the billionaire businessman . It mirrors it on the democratic president ial side, turning up the heat for the coveted bite of the big apple. Senator Bernie Sanders touting brooklyn routes, would it be enough to take clinton . Blake burman on the ground in milwaukee. The new fox business poll took people by surprise, both frontrunners look to be under attack in a way, right . Reporter exactly right, liz, have you both frontrunners, donald trump, Hillary Clinton, having to make a comeback in wisconsin over the next couple of days. Youve got trump down ten. Hillary clinton down five. Let me show you a couple reason yes both of those are trailing when you dig deeper into the numbers as it relates to donald trump. Women. Women voters. Women republicans go for ted cruz. This was taken before trump made the comments about abortion. Well see if that has any effect whatsoever for trump on tuesday night. Then you go down over to a very conservative republican. This is a group that ted cruz was expected to do very well with early but was actually pulling neckandneck with donald trump in the early states, but here we are in wisconsin and cruz is cleaning up. 61 of republicans who call themselves very conservative backing cruz. That is a 36 point edge over trump. We havent even mentioned john kasich, liz. He is running three of three here in wisconsin and many places all across the country. We did hear from him moments ago, hes been campaigning in the northeast and took a direct shot, one of his toughest shots at ted cruz saying cruz does not have a record, he says cruzs only record is shutting down the government and making people upset. Kasich fighting back today. On the democratic side in wisconsin, Hillary Clinton down five. A couple things that are not working in her favor. People under the age of 65 going for Bernie Sanders. Weve seen that time and time again and yet again in wisconsin, and men are going for Bernie Sanders, 19 more than Hillary Clinton. This is an open primary, liz, lots can change between now and tuesday. Liz i am telling you everything changes moment by moment. Fascinating, blake. Thank you very much for keeping us up to date. Its constantly changing. As we talk about all of this, where is donald trump right now . He has no events scheduled before heading back to wisconsin tomorrow. The billionaire candidate staying out of the spotlight after a turbulent week on the campaign trail. First he had to deal with Campaign Manager Corey Lewandowski getting charged with battery on a reporter and stumbled on major policy questions regarding not just abortion, nato issues, nuclear weapons, as well as the abortion situation two days ago, and now another poll. Our brand new fox business poll shows donald trump is trailing ted cruz in wisconsin. Bring in Katrina Pierson, National Spokesman for trumps campaign. Great to see you. Hi liz. Liz where is trump today why, no experiences in wisconsin . Hes preparing for six events in wisconsin. He may be there tonight. Mr. Trump is full of surprises. I heard you mention the nato comments and the Foreign Policy comments and those really were not fully discussed in the media simply because it was reported that mr. Trump, mainly by senator ted cruz, wanted to pull out of nato. Thats not correct. Donald trump wants to reengage nato and update their mission and not withdraw. I wanted to make sure that was clear. Liz im glad you did, im glad you did. What is also clear, though, is there is a lot of conjecture, he is laying low because of the abortion brouhaha, and i thiet continue to hammer the story, but it is still part of the National Discussion after he said women should be punished for having illegal abortions. The question really is, did the gaffe force him to change his strategy at all and have you spoken how he fixes it, if he misspoke, what does he do to fix that . He did put out a statement. I think were all clear that mr. Trump doesnt hide from anything, he is actually preparing again, like i said, for six events coming up in the state of wisconsin. But there were clarifications sent out in the media, and the reason its still a story is because its donald trump. Thats what the media likes to talk about. With regard to the words themselves, there were actually two statements, one because you had media outlets, not yours, reporting that donald trump issued or declared a ban on abortion, and that simply did not happen, and then the second clarification came out simply because when he was having the discussion about a hypothetical context of a ban, he wanted to make sure his words were clear, that he does not support punishment from a woman having an illegal abortion but the practitioner committing the illegal act. Liz okay, so now i still dont get it. If youre talking about throwing doctors in prison. Its not working in the midwest because ted cruz is ahead in wisconsin. So youve got these issues, and first it was, now youve got lets reverse it. He believes what he believes, but you now have immigrant groups, some of them against him. You have antiklan groups against him. You have prochoice people against him. Katrina, there are not going to be much left except jews for jesus folks who he keeps offending people . Not offending people, the truth is inherently belligerent. And we have somebody not politically correct, going to speak the truth. Hes been doing that from the beginning and has been winning. We have one state where a candidate in some polls have pulled ahead. Thats not to say thats what it look like in the rest of the states. New york, pennsylvania, mr. Trump is poised to do very well moving forward. Its senator ted cruz that has to worry about the state of wisconsin, not donald trump. Liz okay, i agree with you. If donald trump is the fastest runner, should absolutely be allowed to win. Was that discussed in the meeting with the rnc yesterday in d. C. . What happened in the meeting . Was the abortion issue brought up . Was this you guys better be fair to me brought up as well . Well in that meeting, mr. Trump made it very clear he does want to unite the party. This is not his first meeting in washington, d. C. With party leaders. Thats what the meeting was about. They discussed a number of issues that were off the record, and mr. Trump is committed to bringing the party together. More importantly, this is an opportunity, liz, as you know, when you dont know someone, its very easy to project and to criticize, but when you meet them and look them face in the face and get answers to questions, then you have a better idea where theyre coming from. People have realized mr. Rump is serious about the nomination about, becoming president and about uniting the party. Liz funny you say that, in the beginning, people were saying hes not serious about this, hes doing it as a pr stunt. Youre here to say today, he is extremely serious about that and cares, and once you get oneonone with him, people say that about Hillary Clinton, too. Shes very stiff and people dont like her on the big stage, and yet when they get oneonone with her, they dont feel that way. That doesnt work every time. Does he have to send his message in a more clear and acceptable way . Thats what hes doing. Only been a politician for eight months, hes going to continue to be trump. He is learning how to navigate political waters and more importantly political media. He talks about that a lot. The difference between mr. Trump and the other republican candidates is hes the only one that doesnt receive a government paycheck. Mr. Trump is personally invested in this country because his entire legacy depends on making America Great again and keeping it fiscally responsible. Liz that is a big turnon for a lot of his fans. A lot of people. Liz katrina, thank you, i know we come in here and push back a little bit. Thats our job. We appreciate you dealing with that. Absolutely, any time. Liz six events, katrina says hes preparing for starting tomorrow. Katrina, thank you. Thank you. Liz much more on the battle for wisconsin. Later ted cruz supporter and reporter ken is going to join us, well talk about the ad that came from the kasich pac that im calling the anaconda ad with the weird snakelike thing wrapping around ted cruzs neck. Closing bell 47 minutes away. Starting with Goldman Sachs and visa. Did the march jobs report shove the fed closer to the next rate hike . Were heading straight to the floor show to trace the choppy Market Reaction where we are now and where your moneys going. Dow up 101 points. Elon musk building the drama before unveiling the tesla frame model 3. The sedan for the masses, watch. Do you want to see the car . Yeah we dont have it for you tonight. Oh im just kidding. Of course. April fools somewhere. [ laughter ] were going to show you the sweet ride and how tesla fans and investors are reacting to the announcement. Plus how many people really plunked down a grand to reserve the next top car . Changing by the minute. Thats next on countdown. I know what i can expect from usaa the usaa car buying app was really helpful. All the information was laid out right there. It makes your life so much easier when you have to purchase a car, so ive been telling everybody. Save on your next car with usaa car buying service, powered by truecar. Thank you. Ordering chinese food is a very predictable experience. I order b14. I get b14. No surprises. Buying business internet, on the other hand, can be a roller coaster White Knuckle thrill ride. Youre promised one speed. But do you consistently get it . You do with comcast business. Its reliable. Just like kung pao fish. Thank you, ping. Reliably fast internet starts at 59. 95 a month. Comcast business. Built for business. Youto get the help yourefar looking for. Thats why at xfinity were opening up more stores closer to you. Where you can use all of our latest products and technology. And find out how to get the most out of your service. So when you get home, all you have to do is enjoy it. Were doing everything we can to give you the best experience possible. Because we should fit into your life. Not the other way around. Liz take a look at this. Breaking news, thousands of tesla fans far and wide lining up to put down 1,000 bucks each to reserve their order for the new tesla model 3. Elon musk, the ceo of tesla unveiling the latest tesla model to an excited crowd in hawthorne, california. This is the el cheapo model, less expensive. Starting price of 35,000. Preorders for the car, far exceeding expectations of 100,000. In just the last hour, elon musk tweeted this tesla shares are surging 3. 75 . Weve got that at the highest level in six months. And Credit Suisse says hour 100,000 reservations is an undershot. We need to raise. That sure do you. Theyre at 198,000. Forget going out like a lamb, coming off one of the most dramatic quarters since 1983, kicking off like a bull with a betterthanexpected jobs report. And auto sales are on track for their best month in a decade. Is it time for the bull run or will the bears rear heads on a fed rate hike . Right to the floor show, traders at the new york stock exchange, cme and the nymex. Tim, to you and looking at this number. Market really first didnt like it and likes this jobs number and more. What do you think happens in the next week . Thats a great question because well be right into the teeth of earning season in a couple of weeks and nobody is really looking for a real robust earnings season. Today its nice to have the market up to start the quarter with. The caveat is weve had so much money that needs to be invested the first day of the month. Weve had many times in the last six or eight months when a firstday rally gets reversed within a couple of days. The positive is weve separated from oil. Oil is down 4 . The markets shrugging that off today. Another caveat is the transport index, which has been one of the best leading indicators for the market for the last year and a half has not been reversed, and its still, its down a little bit today. Really watching this 7820 level. Liz for the transports. The 200day moving average for the transports, weaker next week. Liz im wondering why its weaker, we can touch upon oil. This is a first time in a couple of sessions where the market is down and the market is considerably higher. The transports down nearly a percent. Oil moving lower, at the beginning of the session oil at 4 swirling around a production freeze and the recount, remember that . We shuddered ten more rigs. Were at lowest since november of 2009 and the markets are moving higher. Why . Well, as it should. The issue with oil is a supply issue, not a demand issue. Demand is still there. So the whole Oil Correlation with the stocks is ridiculous in my view. In longterm it will play out. Liz i dont understand when people say this is outrageous and ridiculous, but its the voting machine that is the market. Why fight that . I do agree. But if you look at todays action, why is the market up today . Obviously because they dont think the fed is going to do anything any time soon. The Economic Data is better, reasonably good over the course of the last two months and thats what people are paying attention to. As the first guest mentioned, earnings season is only a few days off, if we dont see decent earnings, maybe the bear will come in. As far as the fundamentals of the market are in there. Theyre okay, the calamities that we were looking for two months ago dont exist at this point. Doesnt mean they cant come back. Overall, its pretty good. Liz to jeff, at the nymex watching oil and you she price and you wonder is 35 the next level or 40 the next level . Im looking at the Glass Half Full right now. What you look at the market today, pretty much quantifies about a half retracement off of the moves over the last month or so. Now, again, the market is under tremendous pressure, not getting any help from the rhetoric thats coming out here. In fact, whats more disconcerting from the inventory figures, the gas, which is the leader this time of year behaved miserably today. Thats the one that dragged this down more than anything. I dont really think this market has given up the ghost totally here, as a matter of fact, as a trader on monday, if the market comes in lower, should be buying with two hands. This market will probably kick back up more so than go down to new numbers. I dont think the 35 is coming so soon. Work our way back to 40 first. Liz i hope not, i like cheap gas. Good to see you guys, thanks tim, dan, jeff. Have a good weekend. To add to those three names, Anthony Scaramucci and Gary Kaminsky on what the Second Quarter will bring you and your money . You have to watch wall street week. You can see the legendary show here on the Fox Business Network at 8 00 p. M. Eastern. These guys are with us. And stick around for stossel. A libertarian president ial forum and he defines what a libertarian really is. Not what you may think it is. Thats tonight at 9 00 p. M. Eastern. Dow is up about 92 points with the

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