Transcripts For FBC Countdown To The Closing Bell With Liz C

FBC Countdown To The Closing Bell With Liz Claman October 4, 2016

Mates from the opposing side. Campaign trail is stacked ahead of tonights festivities. Hillary clinton in pennsylvania as new polls show her taking a slight lead. Donald trump heads to arizona to solidify a state once all covered in red. Our Political Panel and fox Business Team in the field break it all down. That deadly hurricane blasting through the caribbean may have sights set on the u. S. Mainland, but where exactly . Were going to follow its track and show you what you need to know about matthew before its too late. Death by hacking, it could happen to diabetes sufferers. Battery life of googles new smartphone and wells fargo victim comes forward to tell fox business im suing and suing big. Less than an hour to the closing bell. Lets start the countdown. Breaking news, a perfect Storm Brewing on wall street and in the caribbean. To the markets first, weve got three dark clouds weighing on stocks at this hour. First no matter how many clients try to talk up Deutsche Banks solvency and strength, investors still anxious, folks, theyre awaiting the dollar figure of a potential settlement with u. S. Regulators, will it be 4 billion . 14 billion . As soon as we know well let you know. The fed sending a chill down investors spines after two officials make strong cases for rate hikes as early as next month. And to number three, Hurricane Matthew is plowing past jamaica. Look at twister, the waterspout off the coast of jamaica, now through haiti, heading to cuba ready to strike florida with deadly force. These names have heavy exposure to the southeast coast all are lower, universal insurance holdings, hci group on fears of possible damage from the possible hurricane. Precious metals are losing glimmer specifically gold tumbling more than 3 . Touching lowest levels since late june. A stronger dollar dimming golds shine, the dollar gets stronger when fed heads talk about whether we should raise rates sooner rather than later. Gold stocks are taking a nosedive, looking a doubledigit percentage declines right now, as you can see, we have imauna and kimroth down. We have team fox business coverage on all of it. Connell mcshane at the debate site in farmville, virginia. Peter barnes from d. C. , and lori rothman watching the markets from the floor of the new york stock exchange. Start the clock. Tminus six hours away from todays Vice President ial debate. Pictures from inside the debate hall, and again as we mentioned this is Longwood University in farmville, virginia, where tonights highly anticipated vp debate will take place. America will get its first and only glance at the republican Vice President ial nominee mike pence and democratic Vice President ial nominee tim kaine as the two square off in 90minute debate amid new controversies surrounding both campaigns. The debate is divided in nine segments of 10 minutes each. We can anticipate fire works and can the Vice President ial debate change the trajectory of a president ial race . Take it to fox business Connell Mcshane standing outside the debate hall in farmville. Doing predebate spinning, john podesta s ing court and the pressure is on governor mike pence of indiana after the performance from donald trump in debate number one on the president ial side. He says that pence has to change the narrative and as he put it to us reporters he has to, quote, defend the indefendantible talking about the twitter war as he put it between donald trump and the former miss universe. Expect a lot about the taxes. The number twos will be center stage. As for mike pence, well have video of him moments ago wrapping up walk through, getting a sense of what the stage will look like with quijano and kaine sitting at that table and talking for 90 minutes straight. He gave us a preview in his own Campaign Rally in the state of virginia what he would like to focus on. He wants to talk a lot about Hillary Clintons record on con kaine saying hes been a tax cutter in the state of indiana while kaine was a tax the focus from all indications will be on the top of the ticket. Back to you. Liz thank you for being right there to give us the windup, the battle between the Vice President ial candidates is not the only focus of the campaigns today. Both donald trump and Hillary Clinton are making several stops on the campaign trail as a new quinnipiac poll, a bunch of them in key battleground states are giving hillary a slight edge over opponent following last weeks debate. Five days until the next debate how are hillary and donald are we on a first name basis . Definitely. Liz clinton and trump getting the attention of the voters. Get on mr. Barnes, you and i are on first name basis here. Peter, look, with hillary taking a slight lead over the polls with donald, how are both candidates looking to get an edge over the other . It gets to that point, minutebyminute . Thats right. Theyre trying to get momentum and top spin out of their debate, and remember, after tonights debate with the Vice President ial candidates, they debate again this coming sunday, liz, theyre trying to stick to the themes, Trump Holding a rally last night in colorado which he defended tax practices and then basically called Hillary Clinton, said she was running a criminal enterprise of some kind, and Hillary Clinton, though, getting some traction on this issue of trump insulting women. So lets look at the quinnipiac polls on the key battleground states and drill into those. Clinton leading trump in florida by five points. In North Carolina by three. That is within the margin of error in this poll. Trump is beating her in ohio and she is beating him in pennsylvania by four, that is also within the margin of error. The new monmouth poll has her up by 10 in pennsylvania where she was campaigning today. In that poll, she made big gains against trump among white women voters, going from even with him at the end of august to now 20 points ahead of him among those voters. Monmouth says her charges that he insults women is sticking, and she did not ease up on her attack today. My opponent insulted miss universe. [laughter] how do you get more acclaim than that . But it wasnt good enough. So we cant take any of this seriously anymore. We need to laugh at it. We need to refute it. We need to ignore it, and we need to stand up to it. Reporter were awaiting more remarks from donald trump in colorado, and then later he heads to arizona where he holds a rally tonight, liz . Liz peter, thank you very much. And by the way, were keeping an eye on whats going on in pennsylvania because Hillary Clinton will be speaking momentarily, and, of course, in less than six hours, kicking off coverage of the debate. Lou dobbs starts it off, 7 00 p. M. Eastern followed by neil cavuto at 8 00 p. M. , coasttocoast from the pregame to the spin room. There is no reason you need a Remote Control to your tv. Stay right here on fox business. We got a big debate brewing between the Federal Reserve and the imf. The International Monetary fund is jacking up its inflation forecast, blowing past the feds own target, the fed says 2 , the imf says 2. 3 . The imf says quick, raise rates before its too late. There is this, the imf is downgrading forecasts for u. S. And global growth. To lori rothman on the floor of the new york stock exchange. Im sure that is casting a shadow on stocks but so are a couple other things . Reporter earlier this morning, you mentioned the Deutsche Bank and expectation of lowered fine by u. S. Government officials, so that sort of counted for the back and forth, if you will, and so the catalyst a lot of analysts are saying shifted from the direction of oil prices and now to whatever happens with Deutsche Bank, which leads to the imf, it talks about the uk, obviously, postbrexit and did downgrade the u. S. Forecast on growth to 1. 6 from july amid a 2. 2 for what its worth, the first half gdp came in over 1 . The market crashed coming down 100 points an hour or so ago, and a lot ofheolks are looking to the ecb, and media reports suggesting the sneb latest minutes talked about the possibility of beginning to taper quantitative easing program. So right now the ecb is buying 89 89. 7 billion worth of bonds each month, and weve seen a hike in interest rates, the uk rates and the benchmark tenyear treasury up at my last check, 1. 68 . Thats a 5basispoint move to the upside. We can look at the u. S. Dollar, rising against the pound because of the news coming from the ecb and the brexit and what have you, so thats sending gold over a cliff, and its weighing on the gold miners today. Gold at lowest levels since june, and theres the pound, also having a tough day. Really selling off, and the greenback is benefitting from that. Back to you. Liz thats a three sorry, a 31year low. Three decade low for the uk pound. A lot going on that were watching. I think youre right, gold cant find a floor. Right now, no matter what scary news is out there, that would have been a flight to quality. And silver is falling as well, correct . Especially with the imf increasing inflation forecasts. Gold is a hedge against inflation, i was surprised to see the move down in gold, when you lookt whats happening in europe, you have to look at global picture here, thats why the dollar is benefitting and gold is suffering. Liz thank you very much. I wish you had better news. Were watching it all. Not great news for Minnesota Mining and manufacturing with the closing bell 48 minutes away, it is the laggard for the dow industrials but have the financials at the top, jpmorgan and Goldman Sachs leading the charge. Biting the hand that feeds her, Hillary Clinton slamming wells fargo as a bad actor at the same time the banks biggest investor raises Campaign Cash for her. Charlie gasparino on Warren Buffett, the Clinton Campaign and hillary hypocrisy. Thats next. Google snapping teeth at apple going headtohead in hardware. Weve got the price and the battery life of what was just unveiled before the crowd. Googles new pixel smartphone, thats next on countdown. You do all this research on a perfect car, then smash it into a tree. Your Insurance Company raises your rates. Maybe you shouldve done more research on them. For drivers with accident forgiveness, Liberty Mutual wont raise your rates due to your first accident. And if you do have an accident, our claims centers are available to assist you 24 7. Call for a free quote today. Liberty stands with you™. Liberty mutual insurance. We should point out that, Warren Buffett has made it known how much he supports Hillary Clinton over donald trump. He is supporting many of her tax proposals. They are kissing each other, hugging each other. He supports much of her class warfare rhetoric, in the final stages of the game, the bank of america scandal. Liz wells fargo. Please. I dont want to get sued here, the wells fargo scandal into a political talking point. The fact they put pressure on employees, they were forced allegedly to open up fake accounts or accounts in peoples names they didnt he no. Very bad stuff. She is using this as political battering ram. The hip pock hypocrisy comes in two forms. She has not brought in Warren Buffetts name. You would think she could go to the largest shareholder, very out front in of corporate governance. We put in calls buffett what he is doing visavis her. Whether she has spoken to him. We have got nothing back. This is one of these conflict of interest stories. She can go to the lead shareholder do something about what she is essentially arguing is that but one of the things she is arguing that the people that were ripped off should not have to go to arbitration to get their money back. Somehow they should be able to sue wells fargo. Liz just to be clear, arbitration prevents the individual from joining a classaction lawsuit. Right. Liz they have to work with mediator. Instead of suing, right . Warren buffett could come in and, theoretically do something about that you would think as largest shareholder or, she could have open voice. So, she is not doing that we should point out arbitration has existed forever on wall street. It predated this scandal. It was there when her husband was president and her husband and she were very friendly to wall street both when he was in the white house and she became senator fr n york. She was very tight with wall street firms. This is interesting story. You have hypocrisy a lot of different ways. You spoke with Warren Buffett. Liz then he spoke over at cnbc. He didnt say much, he basically confirmed my story he had a conversation with stumpf where he expresses displeasure at the scandal. And how he is handling it. He hasnt really said much about this because it is, he afraid it would hurt her. While he is not saying much about it, he is not saying much about it liz he is raising so much money for her. You know, i think they both get cut a break from most of the media. I like buffett. You like buffett. Hillary clinton i couldnt, i have no really animus towards her but this is bigtime hypocrisy. Both need to be called on the carpet by the media bit. Were trying anyway. Liz charlie. Thank you. I wont curse. Liz keep it clean. Holy moly. Liz by the way, wells fargo. Not just a campaign topic. Banks dealings and problems people are calling shady are causing serious real world harm. We have one man, one customer, who got extra wells fargo account that he never requested. Hell hath no fury he is the one leading the class action charge but will arbitration prevent him from doing that he says no. He is forging ahead. That is coming up, charlie. Markets down 110 points for dow jones industrials. Were 38 minutes away from the closing bell here. The first Major Corporation warning of a possibility of death by hacking. Diabetes patients at risk of Cyber Attacks . This is a story ripped straight from an episode of homeland. You have to hear it. The fear and fix ahead. Hurricane matthew, look at it now, striking with deadly force, plowing through haiti and cuba and heading far the bahamas, possibly even the usa. Live update on latest of Hurricane Matthew. The watch, warning and the track. That is next on countdown. You can run an errand. music playing push it real good. announcer vo or you can take a joyride. Bye bye, errands, we sing out loud here. Siriusxm. Road happy. It begins from the the second were born. Er. Because, healthier doesnt happen all by itself. It needs to be earned every day. Using wellness to keep away illness. And believing a single life can be made better by millions of others. As a Health Services and Innovation Company optum powers modern healthcare by connecting every part of it. So while the world keeps searching for healthier were here to make healthier happen. announcer vo you can commute. man on radio . 40 no flags on the play cheering announcer vo or you can chest bump. Yo commute, we got serious game. Siriusxm. Road happy. Liz Johnson Johnson issuing what is thought to be the very first warning of death by hacking. Not just your phones, emails and Bank Accounts now. Patients with insulin pumps are at risk of being hacked to death. J j reporting after cybersecurity bug in their insulin one touch pump. That is hacker could tap into the pump and overdose diabetic patients that sound crazy. The company says, hacking risk is low but they want people to be aware of it. Not just first time this worry came up. We learned of possible bubbings in pacemakers and defibrillators. They believe this is first time manufacturer issued a warning to patients about cyber vulnerability. J j shares stable at the moment. Unstable is the storm heading up the eastern seaboard or at least toward it. South carolina governor nikki haley, youre looking at live news conference. This is the South Carolina Emergency Operations center in west columbia, South Carolina about the impact to the state. They said we dont want a malfunction junction. They will be issuing lane reversals to get traffic away from the coast. This will involve the i 246 corridor i26 corridor, areas near hilton head. They want people moving away from the coast. The state is closing government offices and schools and people to evacuate their homes. Why . At least three people are already dead after the hurricane pounded the caribbean island of haiti. The extremely dangerous storm remains strong. About an hour ago, the storm center was about 55 miles south of the eastern tip of cuba. It is expected to hit that land mass later this afternoon. Florida residents right now are stocking up gasoline, propane, wooden boards, as hurricane watch issued for parts of floridas coast. Which means hurricane conditions could hit the u. S. Coast within about 48 hours. The u. S. Navy is making preparations for three norfolk based ships to get out there to help with relief from the caribbean once the storm passes over. Get to fox newss Steve Harrigan. Live from miami beach with the latest on the storm path. What some, steve, are looking for. That could be a very dangerous storm. Reporter thats right. The s

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