Skip to main content

tv   Countdown to the Closing Bell With Liz Claman  FOX Business  April 5, 2019 3:00pm-4:00pm EDT

3:00 pm
. >> you don't have to go through that messiness. charles: dow jones industrial average up 25 points. here's the interesting thing. almost every sector is higher but nothing is really taking off. liz claman, interesting reaction to that jobs report. liz:ll very closely. charles, we are also getting reports that a renegade military force in libya has just seized the former tripoli international airport on the southern outskirts of the capital. we will get more in a moment but it is moving oil prices right now. we have this breaking news. you are looking at the tarmac right now in southern california. president trump just landed there. in a moment, he's going to head to the u.s. border patrol stati station. right there at the border, once he gets there, he's going to attend a roundtable on border security after backing away from last week's threat to seal off the southern border by today. we will take you there live when that happens.
3:01 pm
he's also going to tour a section of the replacement wall. we have our cameras right there. america's heartland is watching this very closely. tom vilsack ran the u.s. agriculture department. he will watch along with us and you in a fox business exclusive and reveal what his battered dairy farmers fear the most. just north and east from that border town yesterday, we took a historic and exclusive ride in a waymo self-driving car in chandler, arizona. after a flood of tweets from you guys and thousands of hits to our facebook live of the story, today we've got more from our back seat driver position with waymo ceo john krafcik and top tech analyst gene munster who will help steer us along the right path when it comes to the future of investing in the autonomous wave. on wall street, markets are finding no real conviction after investors root out one worrisome part of the march jobs report. but we do have green on the screen and look at these numbers. all major indices are up for the week.
3:02 pm
is this real strength and no more panic or the calm before the storm? boeing's ceo now apologizing but it is not helping the stock. snap playing games. charlie breaks it on jamie dimon's surprising assessment of the trade war. less than an hour to the closing bell. let's start the "countdown." liz: we will take you to colexico in just a moment. breaking news, we are getting reports the rogue arm of the libyan military has just seized the former tripoli international airport in what could be an attempted coup unfolding right now. it is affecting crude oil right now which closed up about 1%, 1.5%. you can see it is now spiking in the after-market. what you're seeing on the screen is video of the country's established military preparing to take on warlord, a u.s.
3:03 pm
citizen, haftar who ordered the eastern military he controls to launch an assault on tripoli. the north african country located very close to the european continent, now at risk of a full-blown civil war. haftar operates in opposition to the u.s. and the u.n.-backed government of tripoli. we remind you, lip i can't bya r of opec. right now oil prices are up 1.82%. more than $1.13. we are at $63.22. that's with texas intermediate. i will quickly check brent. it's now above $70 a barrel, $70.39. we are seeing some move on this unrest in libya. we are going to watch that situation closely and bring you any developments as they happen. to the united states and the markets in this final hour of friday trade. looking pretty chill. wall street's fear factor, the volatility index, is down at the moment by nearly 5%. the dow up 25.
3:04 pm
had been up more than 102 points, though. s&p 500 and nasdaq are in the green. most global indices closed higher today even though we should remind you, china was shuttered for a holiday. interestingly enough, it was called tomb sweeping day. that's a real thing. you had nikkei, singapore, real interesting moves here for some of these markets where usually they have been ruffled by headline news. traders seemed unruffled. boeing has plenty to worry about. reuters saying the plane maker's suppliers are looking at a slowdown in production of that in question, now grounded 737 max jet. the jet was grounded following two lethal accidents including the one in ethiopia just last month. suppliers are concerned that the grounding could now last for months. this is a global grounding. none of these planes is flying now. boeing's price target, we have ubs cutting it by $25 to $500 a
3:05 pm
share and we're looking at boeing's stock at the moment. i will check that. it is moving lower by about just under a percent to $392.34. the other news from reuters is music to apple's ears, citing a person familiar with the matter, apple music's united states subscriber count has now overtaken spotify. the 800 pound gorilla in the business. we have apple moving higher by two-thirds of a percent. not hurting spotify, although i know spotify was higher. it's still higher by 1.25% but the move is really interesting because the report says apple streaming music service had 28 million paid subscribers at the end of february versus spotify's 26 million. spotify, though, is still the bigger music streaming company. we are watching that story develop. we've got gene munster, who loves apple, in just a moment. we have him on something else but we will ask him about that, certainly, because we know you listen when he speaks on apple. to the border. we are awaiting president trump
3:06 pm
to show up in california. before he left washington, d.c. this morning, he did threaten a 25% tariff on all autos made in mexico, whether they're from u.s. companies. these are cars made in mexico, shipped to the united states, and he says this will quote, supersede the new nafta or usmca deal. whether it does, mexico's standing as our largest dairy export market is starting to look precarious and has the u.s. dairy export council on tinterhooks. we have council ceo and former agriculture secretary tom vilsack with us. as the president goes down to the border, how closely will be dairy farmers watching this? >> well, they were very concerned when he announced disastrous strategy of closing the border. $3.8 million of dairy products flow through that border every single day. this in light of five years of very depressed prices, retaliatory tariffs making it harder to get into our number one market and obviously, deep
3:07 pm
concerns about whether or not we can get the ratification of usmca done very quickly. so a lot going on that dairy farmers are very, very concerned about their number one market and the u.s. position relative to that number one market. liz: now, what if the president were to keep trucking lanes open? there was that discussion of somehow allowing commerce to pass through what would be no longer a porous border. >> well, the other concern is that they have basically been transferring personnel from customs to immigration, which has slowed the process down at the border over the last several days. so even though lanes may be open, there may be a delay in getting product to market. all of this is designed i think to create some uncertainty at the border. obviously that creates friction. what we need in this trade relationship is more friction. what we need is a resolution of the difficulties separating the two countries on the tariffs and a passage of the usmca. liz: it's important to mention, though, that the president has scrapped what he threatened last week which was i'm closing the border by the end of this week
3:08 pm
if mexico doesn't do anything about the stream of illegal migrants coming across the border. he has backed down from that, and gop senators like mitch mcconnell, like john cornyn of texas, begged him please don't go through with this threat. what about the tariffs, though? that doesn't have anything to do with the dairy market so if he slapped tariffs on cars, how do you perceive something like that? >> well, that impacts the relationship between the two countries and makes it potentially more difficult for mexico to pass the kind of labor reforms that are central to the ability of our congress to get the usmca passed. this is all intertwined. it's a complex relationship. i think it's unfortunate that we look for simplistic responses. if we really are truly concerned about the border, what we need is comprehensive immigration reform. we obviously need enhanced border security and we need some kind of plan to ensure that the economies south of our border are healthier so that people don't feel the need to come to the united states for opportunity for their families.
3:09 pm
liz: tom, back in the days of the gang of eight which was bipartisan and actually got i believe the senate to vote on a comprehensive immigration plan that was centrist and it was rational, it doesn't seem like the democrats are open to much of anything when it comes to that and the republicans quite frankly dug in their heels on certain issues that matter to the democrats. how do you get over something like this as our dairy industry, which exports a huge amount to mexico, watches and bites their nails? >> this is an incredibly frustrating situation because everybody in that capitol knows what the solution is. they need the political courage to get it done. they need to be able to go back home and explain to folks that this is not about taking american jobs, this is about building an american economy that continues to be strong. it's about creating the same kind of opportunities our forefathers have had in terms of building this country. the reality is, everyone knows what the solution is. it takes political courage and i think the rest of us have to essentially give our politicians permission to do the right thing
3:10 pm
on immigration. liz: if you had the president's ear, what would you say? >> mr. president, simplify the message. let's not -- liz: how much simpler is it? okay, i don't mean to interrupt here but i'm just hearing some of our viewers saying how much simpler is it, please, mexico, do your part in keeping this flow of migrants and quite frankly, drugs, fentanyl, all kinds of problems, from coming across so that we can ship our corn and dairy and pork and poultry across. >> here's the problem. the issue with drugs is primarily at the ports. it's not at the border. so we're really talking about two different issues here. if we're truly interested about drugs, then we obviously have to enhance our security at the ports. it's not a situation where this stuff is being carried over in great quantities across the border. it's coming in through ships, through containers. we only basically inspect a handful of containers every single day. so you know, i think the president is basically trying to create a political messaging around a situation that actually
3:11 pm
has gotten better over time, and the reality is we need comprehensive immigration reform, yes, enhanced border security has to be part of that, but it's only part of it. you've got to say something to the 11 million people who are here in this country, you have to provide some kind of pathway to legitimacy for them, and you have to have a system that makes sense and is rational from this point forward. we don't have that because we don't have the courage in congress and in the administration to get this done. everybody knows what the answer is. everybody. liz: i hope both sides of the political aisle are at some point going to face each other and get this done. tom vilsack, former agriculture secretary, thank you for joining us. i do want to quickly mention to our viewers that while i was in arizona, not scientific, i asked a bunch of people what do you think about the border situation, and more people said that it is serious but they did not feel that it is a quote, emergency. then again, i was in phoenix. i know it is more sensitive down at the actual border. but we are keeping an eye on
3:12 pm
this. we have our cameras there. the minute the president gets before them, we will take that roundtable. meantime, while the president makes threats about the border, this morning he also shouted out that the fed should quote, drop rates. take a look at the fed's funds futures. this is where the futures at the chicago mercantile exchange take a guess and bet on the probability of a rate hike. through the probability of a rate hike, december, really skinny here, but the probability of a rate cut, you've got a 4.5% probability of that in may, it jumps to 14% in june, 34% in september, 44% chance of a rate cut by december. all right. we just got a late snapshot of the u.s. economy and it doesn't look bad. it doesn't look like it would demand that we have a rate cut. the u.s. added 196,000 jobs in the month of march, 16,000 more than analysts had expected.
3:13 pm
february was upwardly revised by 13,000 jobs. dw we do have one downside that's maybe keeping a cap on the markets. the manufacturing sector lost 6,000 jobs. that's its first decline since july 2017. in the aggregate, we have a positive revision upwards last month, we have a beat today on the estimates. will the federal reserve keep things steady or relent to pressure by the president to cut rates, and should the fed do that? let me bring in our floor show. we have a special guest joining us to participate, david rosenberg joins us live from toronto along with our traders from the new york stock exchange and cme group. i will start with the nyse. tim anderson, what we just put together, is any one component of that just kind of keeping the markets floating slightly higher today? >> i think the entire employment repo report, a day after the jobless claims report yesterday which
3:14 pm
hit a 50-year low, just puts the market and investors in a very positive mood at the beginning of the second quarter. we had a very strong day to start the quarter. the market has gradually moved higher since then. we've got most of the major market averages above their 200 day moving averages again. the brent is probably stronger this week than the performance of the averages. this is a strong report any way you look at it. liz: that brings me to you, david. if things are so good, why should the fed listen to president trump to quote, drop rates? >> i don't think that the fed is going to drop rates that quickly, and especially considering how financial conditions generally have loosened dramatically in the past few months, without the fed having to do anything except pull this dovish pivot that everybody talks about. you know, i'm not going to say
3:15 pm
that participation in the stock market isn't decent. i would say, though, that the view that the participation in the employment report, the view that that was good, i don't view it like that whatsoever. liz: what was bad about it? >> i'm not going to say what's bad about it. a job is a job but most of the jobs created were in government, in leisure hospitality and in health and education. the difference is that these are three segments of the economy that don't generally tend to move with the business cycle. they are inherently very stable parts. when you are taking a look at the parts of the labor market that actually move with the cycle, for example, transportation services, trucking, rail, air, combined they were negative last month. manufacturing as you said before was negative, not just negative, but factory overtime hours were down roughly 2%. that's not going to paint a very good picture for industrial production which is already on a
3:16 pm
downward trend, when we get the march numbers in a few weeks. the retail sector is in a big multi-month decline right now. what's that telling you about the shape of the consumer. so a lot of the cyclical parts of that labor report actually have a lot of question marks on it regarding more about the economy. you can't just look at the headline number, besides the fact, you know what's interesting to me, last month when we got the very poor payroll number, everybody was jumping over the household report. today, nobody is talking about that all of a sudden. it's interesting. a month ago we were just talking about that number. it was negative today as much as payrolls were positive. it's been flat year to day. flat. liz: i see it, chris, as a positive certainly, but again, there are vagaries. give me your sense of what happens with the markets. >> i think we are going to continue to watch that 2.5% yield on the ten-year.
3:17 pm
we dip below it, that's the biggest thing. we are still digesting that. in october we were at 3.2. we're at 2.5%. you have the dow within half a percent from its all-time highs. liz: got to go. gentlemen, thank you. dave, thanks for joining us. we'll be right back.
3:18 pm
2,000 fence posts. 900 acres. 48 bales. all before lunch, which we caught last saturday. we earn our scars. we wear our work ethic. we work until the work's done. and when it is, a few hours of shuteye to rest up for tomorrow, the day we'll finally get something done. ( ♪ )
3:19 pm
3:20 pm
3:21 pm
liz: all right. we do have president trump now on his way to a roundtable discussion. you can see the setup right here. it's going to be a discussion on border security in calexico, california. there is definitely a business and market component here. obviously we just talked about the farmers up north, we are also very interested to know about the auto industry and how that might be affected. we are told the president is about three minutes or so away. with the backdrop of this new
3:22 pm
threat to slap tariffs on new cars coming from mexico to the u.s., if that country does not stem the flood of illegal immigrants across the border, the president will also be set to make a tour of a section of replacement border fencing. this area is about a two and a quarter mile long stretch that replaced vietnam-era landing mat fencing. we are watching that very closely. that had actually been in place, the plan to do that, since about 2009, well before the president took office. nonetheless, he will tour that particular part and by the way, since october, arrests at this particular sector are up 196%. let us get as we wait for the president to blake burman live at the white house. blake, let's talk about what the president is going to say, with whom he's going to meet and what he's going to do. reporter: couple different stops here for president trump in the upcoming minutes. what you're looking at right now is the border patrol station in
3:23 pm
calexico, california. if you were to go about ten miles south of san diego, then about 100 miles to the east, that is where you find calexico. the president will be holding a roundtable there, the station patrol, some 37 miles of the u.s./mexico border. today they will get a visit from the commander in chief. by the way, the actual station is just about a mile north of the u.s./mexico border. after this roundtable discussion, left side of your screen, in which we will see president trump momentarily, we believe, the president then will head down to the southern border and view some new steel slats, the border wall, however you want to describe it. either way, the president is going to get a first-hand look. before the president left for california earlier today, we got a chance to talk with him here on the stoouth lawn at the whit house. the president sort of clarified his evolving position as it relates to the southern border. the president breaking it down two-fold. the first path, i guess you
3:24 pm
could say, drugs. drugs across the southern border. the president says there could be an economic penalty for mexico. then on the immigration front, the president also said he likes what he has seen out of mexico over the last handful of days or so, but if that were to revert backwards, then the president can slap mexico with auto tariffs. listen here. >> i never changed my mind at all. i may shut it down at some point but i would rather do tariffs, so mexico, i have to say, has been very, very good. you know that, over the last four days, since i talked about shutting down the border. if they continue that, everything will be fine. reporter: the president continues to talk about the possibility of tariffs but as you know, liz, when the usmca trade deal was signed by the united states, canada and mexico, at the same time there was also a side deal as it's being called, because those two countries, canada and mexico, didn't want the president to be
3:25 pm
able to slap tariffs, auto tariffs, specifically against them. that side deal says on the first 2.6 million cars that are transported in this case north, they cannot have tariffs put against them. so today, i asked the president what makes you think because of that side deal that's in place, that you would be able to put auto tariffs on, should it get to that point. the president told me what he would want to do would quote unquote, supersede that. if, and it's a big if, it ever gets to that point, it would be a major political fight most likely here at home and between the u.s. and mexico. liz: might cause congress to vote against it. even members of the gop. we were there at the g-20 in buenos aries when he signed that and to go back on it and simply say this supersedes it, i think that's going to be a bit of trouble. we shall know in just a few minutes. we've got our cameras right there. we are going to squeeze in just a moment of business brief.
3:26 pm
we are taking a look at stocks. the dow is now up 42. the s&p 500 better by 11. the nasdaq suddenly looking a bit healthier, up about 43. not one, but two pieces of good news from gerri willis at the floor of the new york stock exchange. gerri: that's right. bud light, the bud knight seemingly killed off in the super bowl, set to make his triumphant return with the tag line legends never die. this weekend during the ncaa final four tournament. the good news not stopping for the shares of anheuser busch, trading higher following bank of america's rating upgrade to neutral from underperform. and a potential ipo of the country's asian business, potentially trading higher. people can't get enough of a
3:27 pm
fast casual mexican food chain, chipotle, boosting its price target 40% from $500 to $700 on high hopes the burrito king's first quarter results. shares up more than 62% year to date, currently trading about half a percent higher. while chipotle is feeling the love, one technology giant getting mixed signals. wells fargo giving intel a price target increase from 55 bucks to 60 but at the same time downgrading shares from outperform to market perform, citing weakening semiconductor demand, dropping sentiment and rising depreciation costs. shares currently trading down about three quarters of a percent. up next, liz takes you back behind the wheel of waymo's self-driving cars. exclusive, never before seen footage, next on "countdown."
3:28 pm
a business owner always goes beyond what people expect. that's why we built the nation's largest gig-speed network along with complete reliability. then went beyond. beyond clumsy dials-in's and pins. to one-touch conference calls. beyond traditional tv. to tv on any device. beyond low-res surveillance video. to crystal clear hd video monitoring from anywhere. gig-fueled apps that exceed expectations. comcast business. beyond fast. rather than worry about how to pay for long-term care. brighthouse smartcare℠ is a hybrid life insurance and long-term care product. it protects your family while providing long-term care coverage, should you need it. so you can explore all the amazing things ahead. talk to your advisor about brighthouse smartcare. brighthouse financial. build for what's ahead℠
3:29 pm
brighthouse financial. your control. like bedhead. hmmmm. ♪ rub-a-dub ducky... and then...there's national car rental. at national, i'm in total control. i can just skip the counter and choose any car in the aisle i like. so i can rent fast without getting a hair out of place. heeeeey. hey! ah, control. (vo) go national. go like a pro. [male narrator] this is a nursery. a home. a soft place to land. this is a super highway . a sunday morning. this is quality time. and a family tradition. wetlands keep flood waters at bay, improve water quality and serve as rest stops for the continental journey migrating birds make each year. this is where you play. so this is where we work.
3:30 pm
♪ ♪believe we're still worth the fight♪ ♪you'll see there's hope for this world tonight♪ ♪i believe, i believe ♪yeah ♪rock guitar
3:31 pm
♪ can i get some help. watch his head. ♪ i'm so happy. ♪ whatever they went through, they went through together. welcome guys. life well planned. see what a raymond james financial advisor can do for you.
3:32 pm
liz: all right. as we mentioned, the president any moment is going to join this roundtable. he will get to the table on border security. this is calexico, california right there on the mexico/california border. as soon as it begins, and he walks in, we will take the cameras. in the meantime, the never-shy jamie dimon of jpmorgan chase tackling very hot button issues from trade to capitalism to the president's controversial federal reserve picks. joining us now, charlie gasparino. charlie, jamie dimon pretty much going unplugged last night, right? >> yeah. that wasn't him with the arm in the cast. that was another time. he was in pretty good shape, pretty good spirits. listen, last night was the reason why a lot of people talk about jamie dimon as a potential presidential candidate. he covered a wide range of issues at the council of foreign relations, took a lot of questions, didn't back off of one question. couple of the interesting
3:33 pm
highlights i think is as follows. i guess the news is that -- some of the news involves herman cain, donald trump's pick for herman cain and steve moore on the federal reserve board. dimon said that's not a good deal. i guess he wants more experienced people. that was pretty much a shot across the bow at president trump. he also mentioned he was thinking, clearly thinking about running for president. that's something we have covered and you know, every time i run that by jpmorgan's p.r. people in the past they would say don't take it too seriously but last night he confirmed he was thinking about it. it was something on his mind. he decided not to because he basically won't fit in any party. jamie is pretty much a moderate's moderate. he will criticize republicans, democrats, he's all over the place in terms of social and economic policies, in terms of left and right. he combines them all. he basically said he couldn't really win either major party's nomination. he did stick up for capitalism. i think that's clearly a big thing. one of the things that's missing
3:34 pm
from the debate over socialism and capitalism, as you have the extremes on both sides fighting it out, is the word of the business community. they're afraid to say anything. clearly, jamie dimon wasn't afraid yesterday. point-blank talked about how socialism, which is being embraced by the democratic party, his old party, he used to consider himself a staunch democrat, socialism will lead to authoritarianism. said that point-blank. i think we need -- probably need to hear more of that from the business community. did not take any shots at donald trump. that was interesting. he and donald have gone toe-to-toe on various issues. but he did basically talk about free trade and he thinks some of the president's trade policies are misguided and is going to hurt the economy. so listen, you know, of all the corporate leaders i cover, there are a few good ones, he's at the top of the list. he's the reason why, you know, i guess jpmorgan is the most successful bank in america and why people think he could be a president of the united states.
3:35 pm
back to you. liz: he rivets crowds, certainly. i think a lot of people in america might say they don't feel part of one party or the other right now. charlie, thank you very much. to our exclusive, look, ma, no hands interview with john krafcik, ceo of waymo. it was a major hit. thousands and thousands of you tweeted during our history-making live ride-along in the fully autonomous ride hail service but after our show wrapped, we took an even longer, more complicated route in chandler, arizona. i asked john krafcik about the competitive landscape and if he plans on being an uber lyft killer. the chinese are doing it. a company called pony.ai, uber, lyft, tesla. everyone. daimler benz just bought tort robotics. they want to do trucking.
3:36 pm
>> trucking as well, that's right. liz: how are you going to beat them? >> i think one of the great things we learned about the waymo driver is it can drive a mini van, a lexus, a prius, we demonstrated it can drive a classic peterbilt truck as well. we are able to take the same sensing and put it in the truck with very little change and it can drive very very safely for the world. that's a big part of our idea in terms of extending our business, is to drive many other vehicle platforms and transportation modes. heavy trucks coming soon. liz: you were the ceo of hyundai. >> that's when we first met. liz: that's right. the south korean auto giant. you were a competitive guy. you want to kill some of these competitors, don't you? >> honestly, i see us more as enablers, not disruptors. we are a company that's building drivers. we think we have a really good driver and i think we can partner with all sorts of companies to bring that driver to the world.
3:37 pm
liz: they want to kill them, i'm sure. they want, i'm sure, gene munster, to beat everybody out there who is trying to do the same thing. ge gene, a top, top tech analyst. you have been following the autonomous wave and how to invest in it. what did you think of the waymo ceo and what he was talking about? i thought it was a fascinating experience. there was a test driver in the front seat but she never touched the wheel the whole time. >> yeah. incredible access you are gaining. i'm envious, for sure. that is the future and he talks about not being disruptive but being partnering with it. i agree with your perspective. this company waymo is a force of disruption. one of the reasons is an undeniable truth is two-fold when it comes to transportation. vehicles will be electric in the future and then in the more distant future, they will be autonomous. yes, companies like waymo can partner with other people, but
3:38 pm
if you look at the value that they're going to capture because that's the real essence, this autonomous aspect of it, the value capture piece i think is most important. said a slightly different way, companies like waymo, yes, they will partner with people but the economics will shift from the traditional auto oems over to players like baidu and google waymo. tesla has an opportunity there as well. liz: you see this as a real competitive opportunity. lyft at the moment, has gone public last week, is up about 3.5%. i think to myself with tesla, april 19th, i know you know this, elon musk will have an investor day. he's focusing solely on the fully -- their automated driving segment. he's going forward with this as well. is there a way to invest that you feel is the right path? is it simply let me buy google
3:39 pm
alphabet? >> i think google's a great way to do it. i would caution that this theme around autonomy, it's an undeniable truth in the distance so there can be some hype built in the near term and i think it will take longer in the near term. i don't think we will see despite your incredible experience, i don't think that's going to be something available to everyone, everywhere in the u.s. for five, probably closer to ten years. to answer your question, how do you play this from a public standpoint, it is owning companies like google and tesla. i think it's very straightforward. in the case of really all of those companies, even though the autonomy piece is nascent at best, i think they will attract investor attention over the next few years. we are just scratching the surface around the significance of what autonomous is. simply put, let me just put it in a slightly different way, humans should not drive. humans tend to be good drivers when they concentrate, but
3:40 pm
that's becoming progressively more difficult. i think that there are many benefits to this autonomy that are undeniable. liz: gene munster, you are right and the numbers prove that out, that distracted driving is killing more people these days than you can even imagine. i will put in a good word for you with john krafcik, see if he will give you a ride-along. >> please do. liz: i got your back. watch our complete post-interview show inside the waymo self-driving car. it was more complicated, went for about 15 minutes. ceo john krafcik and i talked about way more things than we did yesterday, but all kinds of scenarios, drunk driving, animals in the road, et cetera. here's president trump in his roundtable in calexico, california. >> -- close to 400 miles done within about two years from now. that's a lot. 400 miles will cover most of it. i just want to thank everybody for being here. we have some of our great, great
3:41 pm
people from the state and of all places, it's california and we love california, but those people wanted us to build a wall and we got it built, including the wall in san diego which is pretty much completed and it's had a tremendous impact, that wall has had probably a tremendous impact. so i want to thank the border patrol station in calexico and it's been a great group of people. i just met them backstage. the way you work is pretty incredible and the job you do is beyond belief. we have a system that's full, it's just full, and i was telling some of the people before, if it's full, there's nothing you can do about it. we have some horrible court decisions that have been made over the years. it is very unfair and that's the way it is. but the system is full and when it's full, there's nothing you can do. you have to say i'm sorry, we can't take you.
3:42 pm
we have been trying to take people and i have to disagree with it, we have been trying to take people. you can't do it. you can't do it. so we're going to look at that and we're looking at it very strongly. i would like to thank secretary nielsen for being here. general seminite, chief of the army corps of engineers, for being here. really thank you very much. it's been fantastic, the job you've done. and you will be speaking later on and explaining exactly what's happening with the wall and how much. in fact, you'll be doing some of it now, i think. probably a better time to do it. commissioner kevin mcilainen of our group. we have spent a lot of time together. kevin, you're doing a great job. thank you very much for being here. appreciate it. california assembly woman melissa melendez. appreciate it very much.
3:43 pm
thank you very much. i appreciate it. national border patrol council president brandon judd, friend of mine for a long time. making a lot of progress. tell you, we are really making progress in letting people know this is an absolute emergency. i see that some of our biggest opponents over the last two days have said you know what, it really is an emergency. they can't believe what's happening. part of it is because of the fact the country is doing so well and part it's just a scam. people want to come in and they shouldn't be coming in. they shouldn't be coming in. they are people that are causing problems and gang members and lots of others. we're getting them out. we're stopping them for the most part but we're getting them out when they do get in. nobody's done the job we've done. national border patrol council president, i want to thank you very much. you have been fantastic. several members of law enforcement, i want to also
3:44 pm
thank leader kevin mccarthy, came in from washington with us today. he's been an amazing leader. the relationship is the best we've ever had. i think as republicans, the unification, the unified nature of what we're doing has been really something very special. i want to thank kevin very much. you're doing a fantastic job. i appreciate it. i think you and your group are going to be leading the charge in getting rid of some of these horrible loopholes that everybody knows is pretty bad, whether it's catch and release or whether it's visa lottery, so many of them, chain migration is a total disaster. the asylum laws are broken. they are totally broken. look, i inherited this stuff. we're going to get it fixed. we have to. kevin, i appreciate you being here. i appreciate you leading the charge. i also want to say that there is
3:45 pm
indeed an emergency on our southern border. it's been loud and clear. we're in court and a lot of people aren't even bringing too many suits anymore. lot of people were bringing the suits, pretty hard for them to say there's not an emergency. we have a big emergency at our southern border. the united states had more than 70,000 illegal migrants rush our border, they rush our border and we have military and these are great military people, these are people that are strong and solid and love our country, but they can't act the way they would under other conditions and there's not a lot they can do, but they've been doing it anyway and we're going to bring up some more military, and i want to also thank mexico, because mexico, and i'm totally willing to close the border with mexico. the last four days has done more than they have ever done. we were talking about that before, kevin. they are apprehending people now
3:46 pm
by the thousands and bringing them back to their countries, bringing them back to where they came from. and i think you see that. that's at their southern border. it's a big difference. that will help us, you know, pretty much 90%, 80%, what do you think, fellows? pretty close, right? but that's a big difference. they've never done that before. i mean, when i say never done, i mean like in 30 years they've never done it like they're doing it right now. so the crisis is a direct result of the obstruction by democrats in congress and we have to do something about it and we're going to. i think a lot of the democrats feel that way, too. i think they feel it, they see it. there's not much they can do. but to say wow, that was bad, i just saw on television. since october, agents along the 70 mile stretch of border in el centro have seen a nearly 400%
3:47 pm
increase in family units arriving in the sector and you compare that with other years, pretty amazing. but what we've done and what we're doing, you're going to see some very very strong results and as soon as the barriers or the walls, i like calling them walls, that's what they are, go up, you will have a tremendous impa impact. where we are going to be in a little while, i have heard from people in that area that the impact has been incredible. it's a colossal surge and it's overwhelming our immigration system, and we can't let that happen. so as i say, and this is our new statement, the system is full. can't take you anymore. whether it's asylum, whether it's anything you want, it's illegal immigration, can't take you anymore. our country is full. our area's full. the sector is full.
3:48 pm
can't take you anymore. sorry. can't happen. so turn around. that's the way it is. if you look at our southern border, the number of people and the number, the amount of drugs, human trafficking, the human trafficking is something that nobody used to talk about. i talk about it. it's a terrible thing. it's ancient and it's never been bigger than it is modern right now today. all over the world, by the way, not just here. all over the world. human trafficking, a terrible thing. they come into the areas of the border where you don't have the wall. they don't come through your points of entry. they come into areas where you don't have the wall. and they make a left or they make a right, they come right into the country loaded up with people in many cases and it's pretty sad. by the end of next year, we'll have completed or begun construction and that's what we're really here with the army
3:49 pm
corps of engineers for, i think what i would like to do is while we're on that subject, general, if you could just give a little detail of the wall that's under construction, what we've built, where we're going, because the press never likes to talk about it. they don't like to talk about what we've done. doesn't fit their narrative. but we have done a lot, we have renovated a lot, and we are building a lot and maybe you could give a little summation of that now. >> thanks, mr. president. before we talk concrete and steel i think it's important to talk a little about maybe service the nation and protecting this country. four days ago i was in a combat zone with our service members. liz: president trump right now speaking at the roundtable in calexico, california on border security. pretty much in the same breath, he thanked mexico for pretty much stepping up efforts to stem the flow of migrants across the border with the united states, doing so in the past four days, but also saying that he will close off the border if he sees it getting too lax.
3:50 pm
as the roundtable discussion continues, we will dip back in if the president begins to speak once again with kirstjen nielsen, his head of homeland security. meantime, we are watching the markets, i don't know if you guys saw the intraday of oil, but in this after-market, it is jumping more than it even jumped during the regular session, in part because we do have a developing story involving a coup, an attempted coup in libya. we have an eastern part of the military that has broken off, driven by a warlord who happens to be a u.s. citizen, not supported by the united states or the u.n.-supported government recognized of libya, who has taken control of the former tripoli international airport. oil right now jumping now nearly 2%. it closed up 1.45% but you can see it's on the move here. we also have other things to take into consideration, too. the rig count jumped and the economy looks stronger with the march jobs report. for the moment, oil is up and the u.s. markets are suddenly losing a bit of steam.
3:51 pm
we are still up 22 points for the dow but we have been up 102 and in this hour we had been up more than 46 points. we are going to take a quick break and come right back. stay tuned. of your investments. key portfolio events. all in one place. because when it's decision time... you need decision tech. only from fidelity.
3:52 pm
3:53 pm
3:54 pm
you need decision tech. uh uh, i deliver the news around here.... sources say liberty mutual customizes your car insurance, so you only pay for what you need. over to you, logo. liberty. liberty. liberty. liberty. ♪ ♪ liz: call it two week wins in a row with the closing bell ringing in five minutes. it is a win for the dow, the s&p and the nasdaq. the dow will pretty much settle up about 1.8%.
3:55 pm
the s&p it is a win of 2% and for the nasdaq up 2.6%. what a week with the drive along with waymo and everything else, i could go for mcdonald's hot apple pie and starbucks so soy latte. reporter: mcdonald's shares hit all-time high today, liz. they announced simplified version of the late-night menu. you can get the big stuff, big mack, chicken nuggets, critical chicken nuggets. all day breck items. takenning out the salads. this will speed up what they do. the stock this year up 16%. you mentioned starbucks. i heard that they also hit an all-time high of $75.08. no specific news here. global growth is strong. they're investing in startups.
3:56 pm
the stock up 26% since last year. 15% year-to-date. looking pretty good here. liz: remember during the financial crisis? it was $8 a share. that would have could have, would have, should have. speaking of starbucks, the man who turned starbucks into an international coffee behemoth. howard schultz will be with me on "the claman countdown" monday. he is making all kind of waves, what he feels we need in terms of leadership in this country. we have breaking news involving cvs. judge richard leon, reviewing justice department settlement that allowed the merger with eta to go through. the judge will hear from the american medical association and other groups that object to the merger which has been approved now. judge leon is signaling plans a
3:57 pm
week-long hearing to hear people opposing this out. judge leon is considering whether the merger settle is meant is in the public interest. cvs. this is one-year chart. can we show an intraday? i don't know if we can. still up 1.25%. intraday it is moving around as the news hits the tape. three minutes before the closing bell. markets are moving mostly to the upside, but the jobs report from march really strong, a gain of 196,000. there is chatter of a trade deal while imminent hasn't been wrapped up. we have larry shover from chicago to help us invest around all of these headlines. what do you say, larry, about that? >> yeah, i think you have to look at the focal points in the market. brexit, ongoing drama. we look at the china trade deal and pending resolution.
3:58 pm
just realize it will take a lot longer than we think the market is not done, up 2% on the week fully aware news items are rotating around us. we have to look at fundamentals. earnings season is coming up. we get a good look at inflation next week. i am really excited next week. i think that will give us clarity what to do from here. liz: i'm excited each and every week for my viewers trying to bring them the money issues. we see a pretty decent move for the dow jones industrials. >> yes. liz: can we broaden it out? where do you advise people start assaulting cash in equities markets? >> i would look something trading at a discount. to me it is the energy sector. keep in mind last time oil was trading in the low 60s, the oil sector the subsector was trading five to 10% higher than
3:59 pm
it is today. when you look at fundamentals, return on equity, price to book, the equity -- i'm sorry the energy sector is at a multidecade low. lastly, very underowned on wall street. there is no, there is no deals. you just have to put leverage in your favor a little bit and just realize it is trading at a discount. liz: larry? >> yes. liz: we have more headlines coming through. the libyan government, one of the officials there saying confirming that forces loyal to a warlord that has taken control of eastern part of the libya military, have taken control of the former libyan national airport. this warlord is a u.s. citizen. he is is trying to take control of the government, overthrowing it. oil is spikingwhat do you see next few weeks? >> more of the same. venezuela said they would reopen the biggest field.
4:00 pm
haven't been able to do it. this is a big deal. [closing bell rings] liz: forces loyal to libyan government have retaken it. the vix falling to a six-month low. have a great weekend. melissa: the dow, nasdaq, closing at new 2019 record highs. all three major averages ending the day and the week in the green. on the u.s. china trade optimism and strong march jobs report. the dow extending gains for the third day in a row. right now president trump is on the ground in california hosting a roundtable with border security officials before heading to tour a new section of the border wall with mexico. we are monitoring the president's comments. we will bring you any breaking headlines. there are sure to be some no doubt. i'm melissa francis. connell: glad to be with you. i'm connell mcshane. this

32 Views

info Stream Only

Uploaded by TV Archive on