Transcripts For FBC Countdown To The Closing Bell With Liz C

FBC Countdown To The Closing Bell With Liz Claman January 16, 2017

Not be going. We have the inauguration covered walltowall step by step. Adam shapiro, this is interesting. Hes about to walk the path for you live that trump will follow friday. And former ambassador howard reveals the challenges he faced eight years ago. Hes the guy who put together the obama inauguration back in 2008. I have to ask. Will any executives be on the list . Maybe not as trump iced them out again saying their prices are too high. They move overseas to dodge taxes. Epipen maker guilty on both those counts. Food activist robert here live. Are trumps threats already saving patients money . Plus first the elephants and now ringling bros. Circus is putting the entire show out to pastor for good. Did the greatest show on earth really get trampled by elephants or did the creepy clown scale put the nail in the circus cough in . Who wants to be clowned anymore, you know . The markets are closed on this Martin Luther king holiday and so is the competition. But not us. Pinch me. Im live. Im here. We have a huge flow of news happening. So much to get to, so little time. Were here for you, live for you and your money. So lets start the countdown. Liz so, yes, the u. S. Markets are closed and our competition is closed but thats progressive to be a bad move because the rest of the world and trump tower open for business, so are we. And its a good thing because merger monday across the globe has happened. Future so bright, you have to wear shades. The owner of rayban, the famed glasses sported by tom cruise in risky business, which also owns the super sporty sunglasses brand will hook up in a 449 million deal. It would be the largest maker in the market. Which is always tough in europe but lately getting tough in america too. Well, lets stay in europe too. Prime minister lisa may planned to take center stage tomorrow morning on details how britain plans to execute its exit from the European Union. Let me tell you something. The markets are going to be watching that extraordinarily closely. The jitters are already setting in across the pond. The british pound falling to a threemonth low ahead of the highly anticipated speech. When you convert that, per usd the other way around, its about 20. Really small at this moment. Heading toward parody maybe . Back here at home, two of wall streets biggest names are headed to capitol hill this week. Legendary investor will ber wallis and steve looking to take the place in the Trump Administration as secretary of commerce and treasury respectively. But theres noise that key democrats are hoping to block both billionaires from public service. That kind of works with a lot of these nominees and then a larger block as Chuck Schumer has behind the, democrat Chuck Schumer has hinted a larger block will be confirmed. Lets talk about what is now a really big story thats unconfirmed because it keeps changing. The count is now 31. 31 congressmen and women will now not be attending fridays inauguration of president elect trump. In just the last few minutes, three more added to the list. The president elect spending the day meeting with Martin Luther king the third just over an hour ago. Look, meeting is more than just symbolic. Yes, it comes on Martin Luther king jr. Day but also as trump vows to clean up the inner cities and create better jobs. And all the while challenging this man. John lewis, the africanamerican congressman who refuses to attend trumps inauguration. Trump saying, please, help me achieve the goal of cleaning up the inner city. But that invite is doing anything but smoothing things over. Tensions are running high as they were on november 8th with democrats from congress choosing to sit out the inauguration. Cheryl is outside the tower. We have lots unfolding with just four days away from trumps inauguration here. We really do, liz. Talk about what happened over the weekend that unfolding of events with john lewis of course the democrat from georgia. Really setting in stage a series of events as you say more and more dignitaries say they will not be attending the inauguration of donald trump this friday. So one thing that donald trump did do today before that meeting was Martin Luther king the third, that happened here about two years ago as you mentioned. He sent out a tweet remember, this is Martin Luther king jr. Day in celebration of the life. And heres what donald trump tweeted. Celebrate Martin Luther king day and all of the many wonderful things that he stood for. Honor him for being the great man that he was. Now, that tweet went out 8 55 a. M. Today. And then just before 1 00 p. M. , Martin Luther king the third, the son of scott king and Martin Luther king jr. Arriving here at trump tower just on the other side. To greet him as well as several trump staffers. They went upstairs, they met for about an hour, and they talked about what was believed the issue of unity. Can there be a coming together, if you will, what seems to be the polarization of this inauguration from democrats and those that are supporting mr. Trump . So a reporter did ask Martin Luther king the third about the meeting and in particular about the issue of john lewis. Listen to what he said. Let me briefly not just reiterate state that we did have a very constructive meeting. Someone will write the modern Civil Rights Movement was the right to vote. And my father pushed so delegately for it. Congressman williams and so many others fought for my as well. It is very clear that the system is not working at its maximum. And, liz, i just to add that Martin Luther king the third was at the 2008 national convention. That was the 45th anniversary of the i have a dream speech by his father. He was there to introduce and represent then kennedy barack obama. So a lot of this has somewhat of a change and friendships. Hopefully that divide can be kind of a close in the coming days. And we are now just four days from the inauguration of Donald J Trump as the next president of the United States. Back to you, liz. Liz big party that apparently a lot of democrats are not interested in attending. Too bad. You know, you look at this, and you say, cheryl, this is a time where the country does need to come together, and youre supposed to support the president. Eight years ago, thats what happened. Yeah. I agree with you 100 . And i think thats part of that conversation today between mr. Trump and Martin Luther king the third is how can we kind of he said his father wouldnt want this. His father wouldnt want to see the country in this state right now. Liz king said the exact same thing. Shell be there. President elect trump in the middle of working to repeal obamacare before even taking office while investors and patients are waiting on the edge of their seat. Lets get to the investment first. I really want toshtoshow this to you. Since, aetna, anthem, cigna, theyre on a tear. Maybe even getting a boost from trumps plans to repeal and replace the legislation. Look at anthem . Up 17 . But check this out. If it has been good for these stocks, they ballooned under president obama. Surging by as much as 300 for cigna alone. So when president obama signed the Affordable Care act in march of 2010, youve seen them go up anywhere from 100 to 300 . Pharmaceutical, same thing. Look at all of these others. They have been crushing the market since the day obamacare became law. You have one up 159 . Merck up 151 . Theyve been good bets. But now maybe should be building a bunker to hide in. Trump telling the Washington Post quote were going to have insurance for everybody. There was a philosophy in some circles that if you cant pay for it, youre not going to get it. Thats not going to happen with us. Theyll be beautifully covered. I dont want single pair. What i do want is to be able to take care of people. But peter barns in washington d. C. When he says theyre all beautifully covered, i can hear conservatives and liberals asking with whose money and the answer is starting to look like it may be on the backs of drug companies. And that becomes a really interesting issue, doesnt it . It does. It could be out of the revenues and profits of pharmaceutical companies. I wonder if those executives wont be showing up for the inauguration now, liz. Mr. Trump telling the Washington Post this weekend that is part of his big a big part of his plan to Lower Health Care costs overall, regardless that he may do this, regardless of what it may do to former stocks in general. He says quote stock drops in the markets go up. I dont care. I want to do it right or not at all. He know how to negotiate great deals. Hes going to bring people like the pharmaceutical industry to the table and figure out how to instill competition in terms of drug prices but also additional competition across state lines where they have to compete. That in itself will drop down costs significantly. Now, as you said, liz, this dynamic could get interesting because there are a lot of republicans in congress who feel that the, you know, the Health Care Market should be freer. Some of the solutions are freemarket solutions and, by the way, a lot of republicans there take Campaign Contributions from the drug industry and have intended to take its side in policy disputes. So one to watch. Liz oh, you just pulled out the most important aspect of this. Donald trumps going to have to peel these guys away from the lobbyists and from the big donors who come in the form of big forma. Peter, thank you very much. Peter barns. Right now while president elect trump continues his battle against obamacare, president obama and the first lady are in the middle of participating in the Martin Luther king jr. Day of service. The president making his appearance at the jobs have priority shelter in washington d. C. Giving back. Blake burman standing by with details on what else the president has planned for his final Martin Luther king day as our nations first black president. Hi, there, liz, and the president and the first lady left the white house here a little while ago. Theyre in the washington d. C. Area at a homeless shelter, a place that tries to connect folks there with jobs. This is an event traditionally that they have done here every single year. Just before the president left here, the grounds of the white house a little while ago, he just so happened to host the world series chicago cubs. And at that event, he used that event to speak about mlk day. Listen. It is entirely appropriate that we celebrate the cubs today here in this white house on dr. Martin luther king jr. s birthday because it helps direct us in terms of what this country has been and what it can be in theuture. Meanwhile two prominent voices within the Africanamerican Community earlier today told Stuart Varney that they plan on working with the incoming president. I was for hillary, so im one of those that mr. Trump defeated. But he is the president elect of the United States. Im a citizen. Im not asking him to do everything. Im going to pitch in and do some of the things that i can do with the likeminded people that i represent. Im going to the inauguration, and ill be there praying. Liz, back to president obama real briefly at that chicago cubs event here. He said there was a direct line between another civil rights hero and himself. That of course being jackie robinson. Liz i was going to say a direct line between chicago cubs and god. A lot of folks from chicago in here. Liz blake, thank you very much. Blake burman. Well, we have this breaking news for you right now. The last man to walk on the moon to step foot on the moon has died. Astronaut gene, 82. He was of course the commander of apollo 13 back in 1972. That of course was the last Lunar Mission and one of the final apollo flights when he stepped out from the lunar module challenger, he became the 11th person to walk on the moon. Another giant in our stars. Last man on the moon. So we know that donald trump is promised no one will go without health care. But on whose back . This is going to be a huge question, especially for you. Our business audience. Could donald trump actually be the white night consumers have been waiting for . And as we show president obama having signed that obamacare bill way back when, weve got the furious mother of four who led the crusade against violence epipen price gouging robin obrien on whether she likes what shes seeing now from trump and whether she can convince the gop to, yes, peel itself away from its major funding source. Plus ringling bros. Puts its famous elephants on the unemployment line last year, creating a sanctuary for the majestic animals after activists and business pressures. Now the whole Assembly Line from the clowns to the ringmaster are being cut. Pink slips. Why i think the greatest show on earth really handed its biggest stars pink slips. Straight ahead on countdown. As after a dvt blood clot,ital i sure had a lot to think about. What about the people i care about . Including this little girl. And what if this happened again . I was given warfarin in the hospital, but wondered, was this the best treatment for me . So i asked my doctor. And he recommended eliquis. Eliquis treats dvt and pe blood clots and reduces the risk of them happening again. Yes, eliquis treats dvt and pe blood clots. Eliquis also had significantly less major bleeding than the standard treatment. Both made me turn around my thinking. Dont stop eliquis unless your doctor tells you to. Eliquis can cause serious and in rare cases fatal bleeding. Dont take eliquis if you have an artificial heart valve or abnormal bleeding. If you had a spinal injection while on eliquis call your doctor right away if you have tingling, numbness, or muscle weakness. While taking eliquis, you may bruise more easily. And it may take longer than usual for bleeding to stop. Seek immediate medical care for sudden signs of bleeding, like unusual bruising. Eliquis may increase your bleeding risk if you take certain medicines. Tell your doctor about all planned medical or dental procedures. Eliquis treats dvt and pe blood clots. Plus had less major bleeding. Both made eliquis the right treatment for me. Ask your doctor if switching to eliquis is right for you. Liz the cost of prescription drugs continues to skyrocket. President obama blasting last week saying quote u. S. Pharmaceutical companies are getting away with murder end quote. In what they charge for the government for medicines and now hes saying they were politically protected but not anymore. This is Companies Like mylan, remember them . Skyrocketed, juiced the price of their lifesaving epipen by nearly 600 for people who are desperate, they could die one tiny particle of milk or peanuts or whenever their allergy. Many of them children. 600 price hike. Should be on high alert and unnotice with pending trump presidency. Our next guest robin obrien is known as the aaron of food allergy. Joining us live from colorado and a fox business exclusive. So we said a bunch of stuff over the weekend. Among the big things that jumped out at me. Hey, you know what . You were politically protected before. Youre not now when im president. Is he already starting to have an effect on drug prices . Because weve seen some developments, havent we . Yeah. Absolutely. I mean, with any change theres enormous opportunity. And with that comment he made last week during that press conference, he tanked the stocks of the pharmaceutical industry almost 25 billion in market share in about 20 minutes. But you have to set back and say are they all bad . Is it a systemic problem . Or do we have a few really bad apples like mylan, and i think mylan is the poster child for the kind of arrogance and greed that president elect trump is talking about. Liz trump says he wants to negotiate directly on behalf of the government, medicare, medicaid with these big companies. This is what he does best. He knows how to deal. He knows how to pinch and give a little, get a lot more. So im wondering is that where hes going to be able to offer a brandnew form of obamacare . Brandnew form of universal coverage . Because he says well cover everybody, and theyll be beautifully covered. Well, right now we spend 3. 2 trillion a year on health care and disease management. The system is so broken, it is absolutely time for disruption. Weve got absolutely no transparency when it comes to these Market Makers that are known as pharmacy benefit managers. So a company like mylan can go in and negotiate with these guys, negotiate exclusivity, and we have no way of knowing whats going on. So if we can bring a transparency to that model, an actability to that model so that we get the best products. Where else in the United States of america do you go to the store and not have a choice . Where else do you go and noticen what youre purchasing . We get so many choices. Liz the reason i bring up whether hes already having an effect is because it was Just Announced that cbs says you know what . No. Were going to give our consumers a different choice. They will have a different form of epipen. They seem emboldened. Cigna seems emboldened. And, you know, suddenly this is all happening in the wake of donald trump saying last week these guys are getting away with murder. And so, again, we have this lower banner that says health care hero, question mark . He may not be the hero of the stocks. But to bring the price from 600 bucks to 109, thats a win for the americans who infidelity need these things. I spoke with cbs on friday. And the head of thebs pharmacy is a family of four and knows exactly wh theyre dealing with because her child has a food allergy. When you and i started covering this last year, she was paying attention and started negotiating these transactions, these changes last year as this story started in the summer of 2016. Under new leadership is thei

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