Transcripts For FBC Countdown To The Closing Bell With Liz C

Transcripts For FBC Countdown To The Closing Bell With Liz Claman 20160906

The future. Standing by first on fox business, republican bill roe. Hes the cosponsor of what is known as the epipen bill, also the chair of the republican doctors caucus. Hes with me live speak toking out for the first time speaking out for the first time about this breaking news. Mylans price hikes on the epipen and mylans ceo Heather Bresch. Its game on for Hillary Clinton and donald trump who just in the last 30 seconds finished his speech, both looking for home runs in swing states at this hour. This as billionaire carl icahn and mark cuban swing verbal bats on cavuto coast to coast. One on team trump, one on team clinton. Trump Campaign National spokesperson Katrina Pierson in her first reaction to mark cuban saying trump gives nothing more than, quote, headline porn with not much else underneath. Cant wait to hear what katrina says about that. Wait until you hear what icahn and trump are warning about with the markets. Im back, lets start the countdown. Liz all right. Lets get to that breaking news, and perhaps it was reallonly a matter of time considering one in fifty americans suffer from fatal allergies, but mylan, the only drug company with the patent to make the epipen which saves peoples lives has just been hit with a Class Action Lawsuit are. Heres what we know. An ohio woman has filed this proposed class action suit in an Ohio County Court claiming that sharp price hikes for the companys epipen device violated the states Consumer Protection law. Again, this is just ohio. But hours earlier new York Attorney general Eric Schneiderman announced hes launched an investigation into whether mylan violated antitrust laws to provide epipens to some school systems. Whats that about . Mylan reportedly told some schools that the only way they could qualify for a price discount was to not was to agree that they would not purchase any competitors to the epipen and their products over next 12 months. Epipen saying it, quote, dropped that requirement, but no word on when they did that. In the meantime, stock and this is an intraday picture. You can see first it spiked at the opening of the bell because people are coming back x there didnt seem to be any big news. You see the drop. Thats when schnide herman, right before noon, said he was going to launch an investigation, and then you saw it climb back out of that hole, and now its back down on news that at least one state has a class action suit that is being formulated right now. In just minutes weve got congressman dr. Phil roe of tennessee in a first on fox interview. Hes going to give first reaction to the breaking developments. He w one of the coauthors of the epipens many schools bill back in 2013, also a doctor. Let us get to politics. With 63 days left on the campaign trail, we are potentially in what were calling the eighth inning of this election cycle. Both candidates out on the trail in major swing states at this hour. Trump just finishing in virginia while hillary is in florida. Both of them taking jabs at each other every opportunity they get, and we should tell you just minutes ago donald trump hit clintons immigration plans to let in what he described as scores of refugees while also slamming the Iran Nuclear Deal and clintons involvement in that. Lets get to blake burman. Hes been looking at developments. These are pretty significant here on both sides. Reporter and this has been, liz, an interesting day on both sides because right now Hillary Clinton is in florida. This is the postlabor day push as both candidates will be in swing states all across the country over the next nineplus weeks until election day. The Clinton Campaign earlier today was out with a new ad called sacrifice in which they are trying to make the case that donald trump is not the right commander in chief to be in place more veterans. Of course, trump has made the case throughout his candidacy that he would be the one to fix whats going on at the veterans affairs. This new ad today tries to paint a completely different picture as to what trump would mean for veterans. The Clinton Campaign rolled that out this morning just hours ahead of a brand new poll from cnn that shows there could be a different kind of change in this race. Donald trump now up two over Hillary Clinton as it relates to likely voters, and that is key, likely voters. As we start getting closer to the election, as those get polled versus probable voters. Or registered voters, i should mean. With that, Hillary Clinton was asked on her Campaign Plane earlier this afternoon as she was heading down to florida what she thought about that poll, and she tried to make the case as most politicians always do when theyre down in polls, it seems that shes not looking at it and cha shes not going and that shes not going to change her course of action. Listen. As to the poll, i really pay no attention for polls. When theyre good for me, and there have been a lot of them recently, i dont pay attention. When theyre not so good, i dont pay attention. We are on a course that we are sticking with. Reporter by the way, liz, donald trump, he just wrapped up a town hall in virginia focusing, again, on foreign affairs, International Policy and the like. From virginia. He heads later tonight to the state of north carolina. Liz . Liz i know. Theyre moving around so quickly, its hard to keep track. [laughter] blake, thank you. Were keeping an eye on that moving target. Dont move a muscle. In just 20 minutes Trump Campaign spokesperson Katrina Pierson about to join us to respond to the latest blistering attacks from fellow billionaire and Hillary Clinton supporter mark cuban. It will be her first reaction to what unfolded on cavuto coast to coast between billionaire carl icahn and, of course, cuban. Icahn, a trump supporter, cuban, himselfs side. To the markets, we have this breaking news. If the fed or were to hold its meeting right now, you can forget about a rate hike. Look at this. In fact, its a moving target. Weve literally had to update this second by second. The odds of the Federal Reserve raising Interest Rates at its september meeting just plummeted from about 21 yesterday to 15 . Why . The data are coming in too weak or not strong enough. Right now all three major indices are actually heading higher. You know the market loves when the Central Banks put pillows down. With a handful of big names breaking out to new records, facebook and amazon hitting lifetime highs today, shares of ecommerce giant alibaba touching highest levels in more than a year. Its a very different picture for crude oil, barely moving after lackluster action from saudi arabia and russia. These two megapowers keep jawboning without any action. They supposedly signed an oil pact but then, yeah, stopped short of announcing any kind of output freeze. Folks, weve got too much supply, no move to cut it down. But lukewarm Oil Benchmarks aside, there is a megadeal heating up in the energy space. Embridge buying houstons specra energy for 28 billion, spectra skyrocketing. Enbridge is gaining at this moment, up 5. 5 , to both surging on the news. And adding to the tuesday merger mania, lets look at ge, snatching two european 3d Printing Companies for a combined 1. 4 billion. That looks like a smart deal because that momentum trade from two years ago on 3d printers kind of cooled down, so maybe these names have gotten cheaper. Finish shares jumping higher. Look at 3d printing systems, up 6 at any. 25 . Lets bring in the traders at the New York Stock Exchange be, cme group and the nymex. Scott redler, youve got all of that news plus carl icahn telling neil cavuto he just thinks anybody whos involved in this market and isnt nervous isnt paying attention. Are you nervous . I think weve been warned probably for the past three years [laughter] the to be nervous. I think its to be nervous if youre not in the market. Before you said four key stocks at historic highs. You have facebook, you have amazon, you have baba on the move, google strong. Everyone that bought these stocks on friday and before is in profits. Obviously, you want to trim and trail along the way, but thats healthy. No one points out the healthiness, and thas mibe why retail doesnt like the stocking market and theyre not involved, because everyone is warned every day to not be involved. Liz you know what . Why dont we look at some leaders and laggards as we continue on that vein, because people own some of these name, alan, and there is that fear both icahn and mark cuban expressed some concerns for different reasons. But, you know, i mean, i think that fear trade has not really worked, especially considering icahn has said there was going to be, i guess, a highyield bond disaster. He said that early in the summer, kind of waiting to see that. Do you see any signs of that at all . None. None whatsoever. Right now im worried about fear of missing out on more opportunity. Really its become a binary equation, like you talked about with dollar. The dollar not going up is going to be supportive of we see metals and minders today, oil stocks have also based out a bit, so i think those particular sectors that have lagged behind can get some boost, and that could give the market a leg up. But its mainly because the dollars declined, now back underneath 95 with really no chance of a rate hike here in september. Liz 1. 12 will buy a single euro. Elliott warren, arguably that trade is certainly affect whats going on in the oil world. But you and i have talked and well talk again, theyre supposed to meet both opec and nonopec members coming up in algeria, what, september 26th . What are they going to talk about, more jawboning . Theyre going to talk about a lot of things. I really agree with what that first speaker had to say because all ive heard is doom and gloom, and it just goes up or holds highs. And i really agree with him again on if the Energy Sector does rebound, it would put your dow over 20,000, but i do not see that happening, liz, because there is a glut of oil. They will talk about cutting production, but nobodys cutting production. I dont think they can actually afford to do that. Really, i think if there is sort of a builtin top around 50. Even if they do, you know, somehow manage to cut production, they would just all ramp it up as soon as theres a higher price in oil and knock it right back down again. Really, i think theyre selfdefeating, you know liz yeah. Give them enough rope, theyll hang themselves over and over. Scott, alan, elliot, well see you next time. Thank you so much. With the closing bell ringing in about 49 minutes, the dow up 25. Kind of staying right there. At the top of the list, chevron moving higher by 1. 37 followed by intel and verizon. Apple in the red as everyone is waiting to see what that iphone 7 might look like, down about 13 be pennies. Mylan had been up 1 earlier, it is now up about half a percent at the moment. Ceo Heather Bresch missing many action as the drug giant faces attacks on all fronts. New investigations and now, in the last hour, a Class Action Lawsuit piled on over its epipen price hikes. Coming up in a fox business first interview are, the republican congressman doctor who coauthored the original bill in 2013 that required epipens in schools. Hes here, hes speaking out for the first time. Tennessee republican phil roe. And knowing now that mylan jacked up the price by 600 , would representative roe still have floated the bill in its current form . What does he say congress should do now . And how do you say sweeten the bid in german . Bayer knows because it just did it in its effort to to swallow up the Worlds Largest seed company. Charlie gasparino on whether u. S. monsanto will finally say da, or yes. And enter the grinch whos about to steal christmas. Get ready to tell your kids that a bankrupt Korean Shipping Company, hanjin, is to blame . Were live at the port of long beach coming up. Dont move. There are two billion people who dont have access to basic banking, but that is changing. At temenos, with the microsoft cloud, we can enable a banker to travel to the most remote locations with nothing but a phone and a tablet. Everywhere where theres a phone, you have a bank. Now a person is able to start a business, and employ somebody for the first time. The microsoft cloud helped us to bring banking to ten Million People in just two years. Its transforming our world. Its scary when the lights go out. People get anxious and my office gets flooded with calls. So many things can go wrong. Its my worst nightmare. Every second that power is out, my citys at risk. Siemens digital grid manages and reroutes power, so service can be restored within seconds. Priority number one is keeping those lights on. It takes ingenuity to defeat the monsters that live in the dark. Liz 2 , thats how much bayer increased its bid for monsanto, a little bit of sprinkling in its bid for the chemical giant. So 127. 50 from 125. Will monsanto finally bite, charlie . I dont from what i understand, they are and they may bite on this, but from what i understand, part of the negotiations right now involves trying to up that bid, that they want it closer or maybe above 130. So thats where the negotiations are now. This deal, this is the way its described to me, to take it from what its worth. Im getting this from people close to the deal. Its not imminent, but it is in the final stages. Its do to die time. Theyre trying to get it higher than liz sure looks like bayers scraping the bottom of the barrel the if its only a 2 yeah, well, theyve got their issues with the board, and a lot of people say dont pay up in this environment because commodity prices, crop prices are down. On the other hand, they believe hon santo fits their monsanto fits their strategic vision. Theres two sides to it, i can just tell you what i hear from the people inside monsanto. The stock is starting to spike a little bit on what were saying here, that they want a higher bid. They want it in that closer to 130, maybe above. Well see what happens. I dont know if bayer has the money to do that. Still, dont look for this deal, from what i hear, not tomorrow, but were coming down the line. Liz monsantos now going down a little bit on our report liz on your report. Anyway liz you saw carl icahn, you heard him on cavuto welcome back, neil, by the way. He comes out and he breaks a great story. Lets play this. Remember, herb baa life, there was the big story that touted that carl was selling his entire herbalife shares. Bill ackman, his nemesis, basically saying that carl was selling it. Listen to what carl had to say today about that report. Ackman, first of all, went on tv and started talking about the fact that an investment banker had called him saying my stock was for sale or something to that effect. Neil right. You know, i never offer my stock to anyone. Plus the fact that you sort of violated a bit of a rule there where, you know, i get this all the time. I would never talk on the about bids i get more my stock. Liz well, you had come out on countdown to the closing bell and said youre hearing he wasnt selling stock, and since then hes bought more. Hes bought more. The company has told me hes still positive on the stock, he hasnt sold it yet. The way the story just proceeded was to bizarre. Usually on big block trades you dont hear about it before trade was done. You hear about it after liz when youve filed the appropriate sec right. And you dont want people front running. Liz do you think hell file a suit against bill ackman . You know, he was so vague. I dont know what youre going to sue liz well, possible legal action over the story. You cant speak for another intent investor. Independent investor. He was being obtuse on who he thought violated the rule. Was it ackman who theoretically we dont know, weve got calls in to him or was it the banker that allegedly told ackman about this, that carl was on the other side of the trade or, you know, or is that even i dont know if thats violative of the law. We do have calls in to ackman, a call into carl, we have a call in to jeff reese who was banker jeffreys who was the banker mentioned. Id have to have it on Great Authority liz can we see an intraday of herbalife . Yeah, we should. Theyre up a little bit from last i checked. Liz now, remember, the interview was around 12 30. Yeah. Heres the thing, you know, they were saying carl was selling based on ackman saying that. Okay . I got it, hes on the record, hes saying it, but carl was never quoted. He wasnt talking to anybody. And literally that night after all this stuff came out, i think it was a friday, he bought more. And then he bought more last week. So it was, they were on dangerous territory. Now, whether this is legal, illegal, i have no idea. But carl said rules. You know, heres where i think its different, theres a rule in the market, your word is your bond. We as journalists try to uncover it, but youre going to rarely does someone, ive never heard another investor go on tv and say liz what another guy is doing. And heres what the bid was because i got a taste from liz yeah, you cant do that. We shall see. Im not saying its illegal, its just odd. Liz charlie, thank you very much. In the meantime, with about 38 minutes before the closing bell is going to ring, youve heard of a make good . Well, how the heck do you make good after you accidentally blown an israeli satellite headed to space . Tesla figuring out how to answer that question with millions of dollars on the line. And nobody wants coal in their stocking come christmas. Robert gray is at the pot of long port of long beach to tell us what a bankrupt Korean Shipping Company could lead to holiday tears this december. Uhoh, the countdown to the closing bell coming right back. The dow up 24. Get ready to hear that one coming up. As a combination of se

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