tv The Claman Countdown FOX Business January 7, 2021 3:00pm-4:00pm EST
3:00 pm
all right, folks, market's hanging in this there pretty good. again, we've got a country that's going through some things, but the stock market in many ways, liz claman, tells us maybe things are going to be okay. liz: yep. and the same as yesterday with, a although we never know how the stock market interprets big moments that are historic like what we saw yesterday, charles. thank you very much. charles: yeah. liz: exactly 24 hours ago this was the scene on capitol hill. clashes between protesters and capitol hill police putting a full stop on the electoral college vote count and sending congress into a full lockdown. a breach in capitol hill security resulting in one woman shot dead, three others losing their lives. 68 arrests and more than 50 policemen injured, several of them hospitalized. two live pipe bombs also found near the rnc and dnc headquarters. but in the wee hours of the morning, congress in a show of democratic process, resumed its joint session and certified that
3:01 pm
joe biden will be the 46th president of the united states. now, in the last hour the new president, joe biden, blamed current president trump for fomenting violence and undermining democracy with his rhetoric. president-elect biden called yesterday's attack on the capitol one of the darkest days in the nation for our history. at this hour business leaders and members of congress including some republicans are now calling for the removal of president trump. we are joined in this hour by members from both sides of the aisle who were there, democratic congressman dan dellty -- dan kildee of michigan. wall street rallying to record highs for a second day in a row on stimulus hopes following the georgia election victory by democrats jon ossoff and raphael warnock. the dow has cracked the 31,000 level for the first time ever joining the s&p 500, nasdaq,
3:02 pm
russell 2000 and transports in aiming for all-time closing highs. we've got 59 minutes to see if that happens. well, the cleanup and investigations have now begun and are going on right now after what began a little after 2 p.m. yesterday following president trump's encouragement to walk down to the capitol. trump rally attendees who had been rallying at the ellipse marched directly to capitol hill. they then, we've got video of it, they then climbed fences -- you have likely seen this already -- but it was when they smashed the windows and broke into the capitol building that the joint session was still in progress when the mayhem really began. the events spiraled out of hand quickly sending capitol police running for their lives. shots were fired leaving a 14-year veteran of the air force and california business owner dead. later in the evening police and the national guard add had the capping to cleared and secured, and that's when the joint session was able to resume.
3:03 pm
at exactly 3:40 a.m. this morning eastern time, vice president mike pence made it official, joe biden will be the next president of the united states. >> the votes for president of the united states are as follows: joseph r. biden jr. of the state of delaware has received 306 votes. donald j. trump with the state of florida has received 232 votes. the announcement of the state of the vote by the president of the senate shall be deemed a sufficient declaration of the persons elected president and vice president of the united states. each for the term beginning on the 20th day of january, 2021. liz: we've got team coverage from capitol hill to the white house, to wall street with our reporters and floor show traders all in place at this hour. but we begin with edward lawrence on capitol hill where exactly this time yesterday, edward, you were under lockdown in that complex. tell us what is happening right
3:04 pm
now and what you've seen today. >> reporter: yeah, big difference 24 hours ago from your show yesterday. the scene is a lot less tense. yesterday we were dealing with amazing, incredible pictures from inside the u.s. capitol as protesters had gone inside. in fact, at one point one of the protesters took the seat where vice president mike pence had sat just minutes before, other protesters climbing walls, as you said, going through knocking down businesses -- knocking down the cabinets inside as well as just ransacking the area there trying to get into and eventually getting into both chambers, the house and senate side of this. you know, it's interesting, in the last 30 minutes or so house speaker nancy pelosi said it's not just the president, he said the republicans are enabling the president. listen. >> that door, that door just started to shake. they were kicking in on that door, they were yelling, they
3:05 pm
were hitting that door, and it was a very, very tense situation. when they started busting the glass, that's when i felt somebody's going to get hurt here. >> reporter: and that clearly was not house speaker nancy pelosi. nancy pelosi said some republicans were enabling the president, and we have a problem with the enabling by those republicans for the president. she says in no way should this president make any decisions. now today you see there the pictures, the cleanup going on. blood is being wiped from the floors in some places in the capitol, crews are boarding up windows. there's a 7-foot fence going around the outside of the u.s. capitol at this point. in fact, a state of emergency has been extended through the inauguration by the d.c. mayor here. the national guard is still on alert. you know, the political support for the president is eroding. in a statement from former attorney general william barr, it says this, quote: orchestrating a mob to pressure
3:06 pm
congress is inexcusable. the president's conduct yesterday was a betrayal of his office and his supporters. he's not the only one saying it's time to move on, there have been several resignations within the president's administration at higher levels, now reaching the cabinet level. the secretary of transportation, elaine chao, has also resigned today. back to you. liz: that's right. elaine chao who, of course, is the wife of senate leader mitch mcconnell. edward lawyers, thank you very much. now -- edward lawrence. thank you very much. in the last hour, joe biden made his first comments since congress certified the electoral college results, accusing president trump of trying to use a mob to silence the voices of american voters. but then biden named his picks for attorney general, labor secretary, commerce secretary and the small business administrator. of biden will take office with control of both the house and senate after jon ossoff was named the winner in the second of two georgia runoff races.
3:07 pm
ossoff now the 50th democratic senate, creating an even 50-50 split and giving the democrats power there and in the house. to blake burman live outside the white house at the moment where, boy, i am sure there are a lot of chatter going on. >> reporter: liz, 13 days from now here at the white house joe biden will presumably be in the oval office or getting very close to it, and at that point we will be seeing the very first actions of the biden administration. certainly, like most presidents do in the very beginning hours, there is the possibility of executive action that president-elect biden, then-president biden could take place. things like immigration and climate and health care executive actions. when you look at his potential agenda going forward, there is also talk among democrats of another stimulus plan as well. potentially in the area of $1 trillion if not even higher than that. then you get to the big legislative items that he could
3:08 pm
personally tackle like -- potentially tackle like tax reform, an infrastructure package as well, stuff that they may get to over the course of the next two years. leading up to the crucial georgia senate races, the president-elect outlined what he envisioned should be taking place should democrats end up winning georgia. listen. he said -- we don't have that sound bite but, liz, he said, quote: we'll be able to make the progress we need on jobs, on health care, on justice, on the environment, on so many important things just to give you an idea. we are also learning today about some of the members who will make up the team that president-elect biden sees to help lay out his economic vision. the vice president will be tapping the boston, mayor of boston, marty walsh, as the labor secretary. he was a labor leader in boston. the rhode island governor will be the secretary of commerce, or
3:09 pm
at least the nominee. she was the first woman to be the governor of her state. and isabelle guzman will be the small business administrator. she holds a similar title in the state of california. liz? liz are liz and, blake, correct me if i'm wrong, but merrick garland was, i believe, unanimously confirmed back when he was nominated as a judge for circuit court, correct? so those were a lot of republicans who unanimously confirmed merrick garland at that point. are you expecting any kind of pushback here? >> reporter: merrick garland, of course, the attorney general nominee for president-elect biden. president obama, as we know, had tapped him as a supreme court nominee. that didn't happen as republicans objected to him in an election year. they never really, liz, objected to his qualifications, so it's hard to see how they could potentially do that this time around. liz: yeah. things are changing right under our feet. blake, thank you very much,
3:10 pm
blake burman. so let's look to the markets here. they are picking up right where they left off when the chaos on capitol hill unfolded yesterday, and that is a surge to all-time highs. let me just put this out here. any gain for the dow or russell, any move at the close will be a record. final certification of the biden presidency is not the only driver here. the democratic sweep, as we mentioned, spurring goldman sachs to hike its growth forecast for this year from 5.9% economic expansion to 6.4%. add to that this: the ism non-manufacturing pmi, this is the services part of this up dex, expanded at a much quicker pace than expected last month, and then weekly initial and continuing jobless claims while still historically high look better than expected. as we watch this record run, let's take you to the floor show and our traders, john and case capital advisers kenny. be till my heart. -- be still my
3:11 pm
heart. it's been too long since we've had you on the show. the cup's been through the wringer the last 48 hours, but the markets continue to put on a show. what should investors take away from this and then how should they proceed? >> listen, i think it's been all very exciting, right? i'm actually quite surprised after we got that georgia result that the market continued to rally and didn't back off a little bit. but my sense is that it's much more focused on what's going to happen in six months. everything you just named whether it's the stimulus, whether it's the additional checks, whether it's the physical infrastructure program that they're going to announce, all that stuff is very positive. i would, though, be cautious just a little bit becauseing you know, in this move that we've had, it's kind of parabolic straight up. i would be a little bit nervous chasing names here. but i think you have to consider infrastructure names going into the new year. i love the value is play, and i think you have to look at energy both alternative as well as
3:12 pm
fossil fuels. look, when demand comes back, when the world wakes up again, energy demand is going to soar. so if we start to see that, you see how oil has moved. with a biden presidency, you're also going to get some pushback with u.s. producer, that's going to take some supply off the market, it's going to help support oil prices and, therefore, energy markets. i think those are two places you should be certainly involved in as you go forward, but do not be surprised if this market should do kind of a little bit of a turn-around after we go through what feels a little bit euphoric after the democratic win. liz: of course. you know what? if maybe we can flip it over to crude oil. you're talking about energy names here, $50.92 per barrel in the after market at the moment. so holding that. let me bring in over. john, we never ignore the role the fed, federal reserve, as the biggest inflating pillow under the markets due to it stance on keeping rates low for years. five members, i believe, either
3:13 pm
spoke today or are speaking, going to speak. anything out of that that gives the market more of a runway to even go faster? >> yes, absolutely. the funny thing about looking at the fed, i always try to ignore the fed, or but when i know they're speaking, i immediately look at the dollar. and u.s. dollar pre-covid has gone down about 10% against all the major currencies. you can check it it out with the etf. that sends ripples all throughout commodities and has made commodities a safe haven now to start to go into. so i'm with ted on this, we're definitely seeing a run into commodities whether it's energy, metals and mining, all of those things that are doing fantastically well right now. liz: yeah -- >> and as far as the fed -- liz: it's great to have you. oh, yeah, go ahead, quickly. >> yeah. as far as the fed -- liz: well, i do just want to
3:14 pm
say, let me jump in here as we look at the 10-year yield because a lot of our investor audience has treasuries. 1.07 and change. overnight the big news was that it had9 hit 1.065. so we're starting to see these rates climb higher. we've got to run, gentlemen, because there is a lot of news to talk about but, john, it's great to see you, and, kenny, welcome back to, of course -- >> thanks for having me. liz: great to see you. all right, as the business world reacts to yesterday's violence on capitol hill, social media making the loudest statement by now muting president trump. in just the last few hours, facebook ceo mark zuckerberg banned president trump indefinitely from both facebook and instagram platforms saying the company could no longer be used as a place to support a, quote, unpeaceful transfer of power. twitter and snap also placing blocks on the president's accounts. not hurting facebook and snap shares at all, snap's up 5.25%,
3:15 pm
facebook's up 2%. twitter is sliding on an unrelated citibank warning on upcoming earnings. it all comes on the heels of multiple business associations and groups decrying the president's role in this chaos including the nation's largest manufacturing association, calling on vice president pence to invoke the 25th amendment to remove donald trump from the white house. coming up, former business round table member and legendary investor leo hindery on what business must now do to show leadership. closing bell ringing in 45 minutes. the dow zooming higher by 231 points. stay with us. ♪ ♪ ♪ we made usaa insurance for veterans like martin. when a hailstorm hit, he needed his insurance to get it done right, right away.
3:16 pm
3:18 pm
get 0.9% financing on the 2021 rx 350. save without even leaving your house. just keep your phone and switch to xfinity mobile. you can get it by ordering a free sim card online. once you activate, you'll only have to pay for the data you need starting at just $15 a month. there are no term contracts, no activation fees, and no credit check on the first two lines. get a $50 prepaid card when you switch. nationwide 5g is now included. switch and save hundreds. xfinity mobile.
3:19 pm
♪ ♪ liz: america's business community almost immediately began condemning yesterday's violence in d.c. at 3:37 p.m. eastern time just as these pictures on your screen were being televised around the world, the national association of manufacturers took the unprecedented move of imploring the vice president to start the process of president trump's
3:20 pm
removal. in a statement the nan, national association of manufacturers, said quote: this is not the vision of america that manufacturers believe in in and work so hard to defend. vice president pence, who was evacuated from the capitol, quote: should seriously consider working with the cabinet to invoke the 25th amendment to preserve democracy. let's bring in leo hindery who's been a member of the business round table. leo, the business round table also put out a statement, and here's some of it. quote: the chaos unfolding in the nation's capitol is the result of unlawful efforts to overturn the legitimate results of a democratic election. the country deserves better. so, leo, as a guy who's been a member of the round table, how do you view that statement? >> you know, i view this whole tragedy in the saddest thing that i've ever encountered, liz.
3:21 pm
it's suddenly as if president trump became heinous yesterday. president trump has been heinous since his own inauguration. we've known since november that he was going to take exception to ceding to vice president-elect joe biden -- president-elect joe biden, liz. and the statements today, we're grateful for them. but where were they when president trump was acting so abysmally over the past four years? the business round table used to pride itself on its sensitivity to the need of its employees, it communities. it should not have taken the tragedy of yesterday afternoon, yesterday evening to cause the round table to come out with a statement deploring the activities, the behaviors of president trump yesterday. and i hope some good comes from it. i hope that what does come from it is that the imperative to reunite this country around the benefit as the women and men who put this country together every day with their hard labor in the
3:22 pm
midst of a pandemic. we've seen very little of the sensitivity to these folks that we're entitled to, liz. liz: we put out a call to a lot of these grooms including the nam. they did decline to appear. of but the manufacturers also wrote this, quote: throughout the whole, quote, disgusting episode, trump has been cheered on by members of his own party adding fuel to the distrust that has enflamed violent anger. this is not law and order, it's chaos. so, leo, republicans have been known as the party of big business. does that somehow now change, and do you foresee business groups calling out the republican leaders who objected to the peaceful transfer of power? >> you know, all i can say is the nam's statement is bless their hearts. that is the most amazing statement of affirmation, of strength, of sense of unity for this country as a whole. i never expected it.
3:23 pm
i'm grateful that it happened. now it needs to persist. all of these sensitivities today to what happened yesterday, liz, they need to persist. we need to go forward in a united fashion. we didn't see it in its entirety last evening in the house and the senate, but we did see, for the most part, a recognition that this country is too divided, too broken to continue in the way it has been for the last four years. and i pray that the nam and round table statement stick and become the law of the land, so to speak. liz: i do want to point out one last thing here. you were also chairman of c-span, the network decades old. the network's been around that has covered all congressional events for so many years. yesterday journalist ken duffy, who works for wtop and covers washington, d.c., he shot this video of trump supporters or who attacked a media section that is sort of a permanent setup near the capitol building, trashing
3:24 pm
their equipment and their cameras, their television monitors. you can see it here, pulling up on all of the cords, ripping everything. you know, as the former chair of c-span, what do you say about something like this, and how do we prevent it from happening again? >> you know, i pray we can, liz. if we don't, we're this in a lot of trouble. the hooligans that trashed c-span did this country a great disservice. they showed their animus towards journalism, to the work you and others do every day, liz, to make this country more informed, a better place to live. and if we tolerate what happened yesterday with those cameras and try not to prosecute them, it'll be a further, another sad day. liz: lee hindery, longtime business leader in the telecom world. thank you, we do appreciate you coming on. >> stay well, liz. liz: we'll be right back.
3:25 pm
3:26 pm
we use 11. eleven. why do an expense report from your phone when you can do it from a machine that jams? i just emailed my wife's social security number to the entire company instead of hr, so... please come back. how hard is your business software working for you? with paycom, employees enter and manage their own hr data in one easy-to-use software. visit paycom.com for a free demo. hon? first off, we love each other... keeping your oysters busihas you swamped.
3:27 pm
you need to hire. i need indeed indeed you do. the moment you sponsor a job on indeed you get a shortlist of quality candidates from a resume data base claim your seventy-five-dollar credit when you post your first job at indeed.com/promo hi, i'm dorothy hamill. if you're turning 65 soon, like me, you might be thinking about medicare. now, as i'm thinking about selecting a medicare plan, i know i want one that has the kind of coverage that takes a total approach to my health. one that connects all the different parts of my health care to keep me aging actively. aetna medicare advantage plans take a total, connected approach to your health. starting with the benefits you deserve, like $0 monthly plan premiums including prescription drug coverage, dental, vision and hearing. and telehealth - so you can see a primary care doctor remotely from the comfort and safety of home. plus a monthly over-the-counter allowance. aetna medicare advantage plans will help me keep doing what i love.
3:28 pm
3:29 pm
♪ liz: in the melee that unfolded on capitol hill yesterday, representative dan kildee of flint, michigan, got stuck inside the house chamber, so he recorded all that was happening. that's what you see, this is his video from yesterday. he had a bird's eye view of the house floor from the gallery above as protesters smashed through doors and stormed the chamber. overshadowed in the chaos was the fact that the democrats did win a senate majority after jon ossoff won the second of two senate seats in georgia. house ways and means committee member, representative dan kildee of michigan, joins us now. representative, thank you for joining us, and just, i guess,
3:30 pm
right now we want to hear that you and your staff are safe, but what was that moment like and why were you not able to be initial hi hustled out? >> yeah. well, thanks for that, liz. we're safe now. a little bruised up, but we're safe. a number of us were in the gallery because we were on the chamber floor, but then since michigan wasn't due to come up for a couple of hours, i was going to lead the defense of the michigan electoral challenge, we decided to social distance and go to the gallery, it's a little more comfortable, we had a better view. that turned out to be, you know, not the best decision because when the floor was evacuated, when the attack occurred, we were in a position where we just couldn't get out right away. so we were stuck there for another 20 minutes or so as the attack occurred and during that period of time there was the gunshot that the resulted in the death of one of the protesters right outside the chamber as well.
3:31 pm
so i've never been with through anything quite like that. it was, you know, it was just a reminder how bad this -- i didn't know how bad it was until later in the night i walked through the entirety of the capitol, and i could see the extent of the damage and debris that made it more obvious to me that this was a case of hundreds and hundreds of people, not just a few rogue protesters. liz: yeah. >> really scary. liz hez but since then, congressman, you've had droves of gop members of congress denouncing what we are seeing on the screen where these protesters were smashing in windows and, quite frankly, just breaking into the capitol. does that give you hope at least that you can work with your colleagues across the aisle now to get things done for this country? >> i think so, but i think it's important for me to make a bit of a distinction here, because everybody is going to decry the violence. that's easy. what's not so easy is for some
3:32 pm
members who have added fuel to the fire over the course of the last few months by embracing what they know to be a whole series of falsehoods, a complete confection about the extent of fraud in this election. it's pretty hard for me to accept their decrying what took place when we don't hold them responsible for the attack, i do hold them responsible for setting this fire, adding fuel to this fire and then pretending -- liz: i mean, let me interrupt you here because on our screen, on our screen we've got video that i did see yesterday during this hour, and we did, we did find it today. we were able to show it to you of a single capitol hill police officer being chased up the stairs -- >> yeah, i saw that. liz: something that he -- you saw that -- tried to use it as a weapon. he was alone are. >> that was terrible.
3:33 pm
liz: clearly, this is just awful, and your heart just feels for it. i think a trump supporter was able to take a look at that. but as we move forward, you know, overnight vice president pence made quite a declarative statement. i want you to listen to this, and then we'll talking about what nancy pelosi said today. >> to those who wreaked havoc in our capitol today, you did not win. violence never wins. freedom wins. and this is still the people's house. liz: and now today you have house speaker nancy pelosi calling for the 25th amendment to be invoked to remove president trump. do you think that is the next step, and what do you say to that as a democrat? >> i think it's one possible step. of course, it will take people around the president to come to that conclusion, that he should be removed. that's not something congress can actually execute on their own, but i think it's something that i would support.
3:34 pm
this president, i feel, is a danger to this country, and we ought to address it with every tool that we have available. the next 13 days, you know, we hope will pass quickly without incident, but i can't be so certain. i didn't know 24 hours ago that we would go through what we've gone through. so who knows what can happen in the next 13 days. liz: congressman dan kildee of michigan, we appreciate you coming on. we're glad that you and your team were able to find safety and thank you. >> thank you so much. liz: coming up, the stunning bipartisan move made on the house floor and the republican congressman who made it happen. new york's tom reid is here. what are his plans to pursue the republican ideals he promised to fight for in a democratic-led government? we ask him next with the closing bell ringing in 26 minutes. ♪ ♪
3:39 pm
♪ ♪ >> madam speaker, i come to this side of the aisle as a proud republican, but most importantly, as a proud american. today we saw an assault on our democracy. liz: that was gop representative tom reed speaking before he then actually physically crossed the aisle to object to the arizona electoral votes challenge after quite the trying day on tap capitol hill. he moved from that podium, he then went and stood next to his fellow problem solvers caucus chair, democratic representative josh gottheimer. joining us now, republican congressman tom reed of new york. of welcome, congressman. i am, first, going to ask if you and your staff are okay and safe and, hopefully, no one was hurt. >> no, i really appreciate the concern, and the staff and all of us are safe, secure.
3:40 pm
but what a disheartening day yesterday just to everyone. it was just a terrible day for america yesterday. liz: how was your move to walk across the aisle in a show of support, as you said as a proud republican, how has that been taken by gop members? >> you know, the support has been amazing. i have many gop members, i had a lot of democratic members who came up and said, you know what? that was the message to send last evening. and i did it because i believe, i believe that we can be proud republicans, and we can meet with democrats, and we can have the debate in america x. what we have to do is demonstrate to the american people we do not take to the street, we do not take in mob rule, the law into our own hands. what we do is we debate it the old-fashioned way in america, and we settle our differences at the election and the ballot box, not with mob rule. liz: you said in your speech last night that you would fight
3:41 pm
to uphold republican ideals. what are those right now? >> right now i'm a proud republican, i became a republican watching ronald reagan come into office, and i've got to tell you what he inspired in the hearts and minds of the american people, republicans are about freedom. republicans are about empowering people, the party of opportunity. and in contrast to the democratic party which is about government and being government the source of guaranteeing people success in life. i till believe in innovation, i still believe in the entrepreneurs. and what's the republican party about? national security and making sure that people have an opportunity to have a fair shake to fail or succeed on their own merits. that's the republican party i believe in, and that's the republican party that'll see this nation to better heights in the future. liz: well, we are also seeing on the screen people who were told by the effective leader of the gop, president trump, were told to do which was go to the capitol right now. go to the capitol.
3:42 pm
and they did, and we see what happened. so my question is, is president trump still the leader of the gop? how do you view him? >> well, you know, i was -- truth be told, i was one of the first eight to endorse president trump. what president trump did with policies in the administration, i support those policies. but what -- the rhetoric and what i saw on the national mall yesterday, clearly i disagree with the rhetoric that was displayed by president trump. and what happened is something as a president, i would hope the president would reconsider any type of action along those lines. and i appreciated his statement today where he said we are going to have an orderly are transfer the of power come january 20th. and president-elect biden will become president biden on january 20th. that's the leadership i expect out of president trump going forward. and his ideas in regards to what he brought to the white house over the last four years, i am going to carry forward those ideas in regards to those ideas are part of my republican ideology. liz: but yet --
3:43 pm
[laughter] i'm confused by that because some of his ideas were in direct opposition to what ronald reagan had pushed for. ronald reagan wanted less spending, and what did you have? you had a huge jump in the debt and, of course, the deficit, massive spending like drunken sailors. and it was way worse than anything that george bush or president obama had done. >> you're absolutely right. i mean, that's where -- in the republican party, we are a party that is open to those divisions and those differences of opinion, and so there's a distinction that i would have with president trump. i mean, we have to get our national debt under control. we have to get our fiscal house in order. but at the same time, when president trump took on the issue of fair trade, open -- and not being afraid of trade, but making sure that it's fair in regards to china and other issues, making investments in national security so that we have a military that is strong, those types of priorities are something that we can as a policy embrace, we cannot
3:44 pm
embrace the rhetoric that we saw yesterday from president trump, and i am not going to be part of that. i am going to stand for a vision of the republican party that is not going to incite violence, that is going to stand for inspiring the hearts and minds of people across america. liz: we thank you. we thank you very much for speaking out and for doing what you have done, and we appreciate it. thank you, congressman tom reed, republican of new york. when we come back, charlie breaks it as the dow shoots for a second record in a row. look at this, or we are now above 31,000. we may very well close there for the very first time ever. stay tuned. ♪ ♪ but there's only one way to become one... by going all in. the new lexus is. with a lower center of gravity, a more responsive suspension, and an aggressive wider stance.
3:45 pm
this is what we call going all in on the sport sedan. lease the 2021 is 300 for $359 a month for 39 months. experience amazing at your lexus dealer. do you have a life insurance policy you no longer need? now you can sell your policy, even a term policy, for an immediate cash payment. call coventry direct to learn more. we thought we had planned carefully for our retirement. but we quickly realized that we needed a way to supplement our income. our friends sold their policy to help pay for their medical bills and that got me thinking. maybe selling our policy could help with our retirement. i'm skeptical, so i did some research and called coventry direct. they explained life insurance is a valuable asset that can be sold. we learned that we can sell all of our policy or keep part of it with no future payments, who knew? we sold our policy. now we can relax and enjoy our retirement as we had planned. if you have one hundred thousand dollars or more of life insurance you may qualify to sell your policy. don't cancel or let your policy
3:46 pm
3:47 pm
that's it. i'm calling kohler about their walk-in bath. my name is ken. how may i help you? hi, i'm calling about kohler's walk-in bath. excellent! happy to help. huh? hold one moment please... [ finger snaps ] hmm. ♪ the kohler walk-in bath features an extra-wide opening and a low step-in at three inches, which is 25 to 60% lower than some leading competitors. the bath fills and drains quickly, while the heated seat soothes your back, neck and shoulders. kohler is an expert in bathing, so you can count on a deep soaking experience. are you seeing this? the kohler walk-in bath comes with fully adjustable hydrotherapy jets and our exclusive bubblemassage.
3:48 pm
everything is installed in as little as a day by a kohler-certified installer. and it's made by kohler- america's leading plumbing brand. we need this bath. yes. yes you do. a kohler walk-in bath provides independence with peace of mind. call for $1,500 off your kohler walk-in bath. visit kohlerwalkinbath.com for more info. resso to help you remembermber commthat liberty mutualgia. customizes your home insurance, here's one that'll really take you back. wow! what'd you get, ryan? it's customized home insurance from liberty mutual!!! what does it do bud? it customizes our home insurance so we only pay for what we need! and what did you get, mike? i got a bike. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ ♪ ♪ liz: this morning --
3:49 pm
[laughter] we have been even talked about bitcoin. bitcoin blasted its way past the $40,000 mark for the first time ever. it's come back just a bit standing at 39,057 right now, but the original cryptocurrency has nearly doubled in value in less than a month. today's jump past the $1 trillion mark. bitcoin's tectonic moves making it shinier than gold? one single bitcoin is now worth roughly 20 ounces of gold. for its part, let's look at gold right now in, just under $2,000 a troy ounce for the moment. we do have the yellow metal at $1,914. from bitcoin and gold to dollar donations following the senate runoff in georgia, wall street donors are now shifting their daze to the next big election, new york city's mayoral race. to charlie gasparino on those getting involved in the big
3:50 pm
apple's big moment. >> yeah, with ray mcguire, former citigroup banker. i want to make one point on bitcoin, it's a fear trade a little bit. if you think they're going to spend a lot of money in washington particularly as the republicans nominally lost the senate since they lost the two georgia seats, if you think there's going to be a lot more spending, in general, you buy something like bitcoin. just remember that's kind of what's going on here, and it was leading up to the days of the georgia race as it looked like the democrats were pulling ahead. so just for the viewer out there, that's some of the context with bitcoin. it's a fascinating story, and we'll be hearing more about it. as far as ray mcguire, longtime citigroup banker, wall street banker, did some of the biggest deals around. you can look up his bio, time warner, you name it, he was there. he now wants to run for mayor, he wants to bring a more moderate tone to city the hall, a more business-friendly tone,
3:51 pm
and he's starting to pick up some steam at least in terms of fundraising and support. he held a virtual fundraiser the other night. i heard there was about a hundred people on the call, there was some maximum or minimum amount of money, i heard people were giving money, but the list was fascinating. first, he had robert johnson, former bet founder, attending. that's a big thing. black entertainment television, should it, i -- sold is it, i believe to verizon, a few years ago. worth anywhere from 600 to a billion dollars. he's kind of iconoclast. i think he supported president trump as the lesser of two evils, i'm paraphrasing, he's an interesting guy and for him to back ray mcguire up, that could give ray some push. and, again, about a hundred attendees, from what i understand, it was wednesday
3:52 pm
night. there were bankers and hollywood people there. direction to -- dexter goil. you're a big hollywood buff, right? if ari -- a huge dealmaker. >> global investment bank, byron allen, another bigtime investment -- he's also a comedian according to his bio. liz: byron allen, charlie, so you know, started a business after being a talk show host. he is a brilliant businessman. it's interesting to see because this is what new york actually needs is somebody who understands business and keeps business from fleeing this city. >> i agree. clyde gillingston, artistic director of carnegie hall. another one, an attorney been involved in politics, i believe
3:53 pm
she's -- i can't remember where i ran into her. i know her from somewhere. [laughter] lawrence bender, film producer, how do you say this? american businessman, president of -- liz: yeahment. >> here's the interesting thing, liz, and you're right, ray, from what i understand, spoke about the need to keep small business in the city which, as you know, the city needs small business given how badly the covid pandemic -- liz: sure. >> kind of banned the policies of mayor de blasio. he also talked about the need for police reform. those seem like the two issues that he's going to hit on and, again, he's got some high-powered backup here. oh, nicole sell igman, pretty big power couple. joe kline, as you know, former new york city -- [inaudible] longtime lawyer, believe he was
3:54 pm
a board member of news corp. for a while. interesting power couple. but that's what ray's bringing to the table. back to you, liz. liz: i am not surprised. i will say, full disclosure, the mcguires were friends, were family friends, but i feel that a businessman, that is what new york city means. thank you so much, charlie gasparino, for that well prepared report. [laughter] elon musk has a whole new reason to do a happy dance. weaver going to tell you the big -- we're going to tell you the big feat for the ev visionary coming courtesy of tesla's 10-day winning streak for the stock. closing bell, six minutes away. look at the markets. we're going to peel off every layer of the onion as we look to see a four or five-index record or in just a few minutes. stay tuned. ♪ ♪
3:55 pm
. . in other words, we want a hybrid. and so do retailers. which is why they're going hybrid, with ibm. a hybrid cloud approach with watson ai helps manage supply chains while predicting demands with ease. from retail to healthcare, businesses are going with a smarter hybrid cloud, using the tools, platform and expertise of ibm. some things are good to know. like where to find the cheapest gas in town and which supermarket gives you the most bang for your buck. something
3:56 pm
else that's good to know? if you have medicare and medicaid you may be able to get more healthcare benefits through a humana medicare advantage plan. call the number on your screen now and speak to a licensed humana sales agent to see if you qualify. learn about plans that could give you more healthcare benefits than you have today. depending on the plan you choose, you could have your doctor, hospital and prescription drug coverage in one convenient plan. from humana, a company with nearly 60 years of experience in the healthcare industry. you'll have lots of doctors and specialists to choose from. and, if you have medicare and medicaid, a humana plan may give you other important benefits. depending on where you live, they could include dental, vision and hearing coverage. you may also get rides to plan-approved locations; home delivered meals after an in-patient hospital stay; a monthly allowance for purchasing healthy food and beverages; plus an allowance for
3:57 pm
health and wellness items. everything from over the counter medications and vitamins, to first aid items and personal care products. best of all, if you have medicare and medicaid, you may qualify for multiple opportunities throughout the year to enroll. so if you want more from medicare, call the number on your screen now to speak with a licensed humana sales agent. learn about humana plans that could give you more healthcare benefits. including coverage for prescription drugs, dental care, eye exams and glasses, hearing aids and more. a licensed humana sales agent will walk you through your options, answer any questions you have and, if you're eligible, help you enroll over the phone. call today and we'll also send this free guide. humana, a more human way to healthcare.
3:58 pm
♪. liz: closing bell, 2 1/2 minutes away and look at this. we're about to hit five new records at the close. i want to bring in ashley webster, standing by. watching every tick of the markets. very closely, the transports, the russell by the way, is the biggest combback since the march 23rd bottom of the markets. ashley: it's remarkable. as you say all of those indexes will close into record territory today the dow second straight record close in a row. s&p 500 has to finish up ail points. look at that. no problemo. nasdaq had to gain 15points for a new record. no problem at all. as you mentioned, liz, russell 2000, any gain would be a record. mark it down. i want to this story, you teased it before the break, liz, in the race to see who has the biggest
3:59 pm
bank account, elon musk, yes the outspoken entrepreneur behind tesla and spacex, now the richest person on earth. not sure about mars but on earth. he is edging ahead of amazon founder jeff bezos. 8% rally in tesla's share price. musk's net worth hit beyond $188.5 billion. that is at least 1 1/2 billion dollars more than bases. incredibly musk's net worth has surged over $150 billion in just the past 12 months. what story. all that said this, is a side note, bezos would have held a much wider lead for musk had it not been for a divorce in 2019, liz. liz: yeah, well problems in marriage will do that to you. ashley, thank you very much. elon musk, richest man on the planet. again we'll wait to hear about mars' billionaires.
4:00 pm
cue the fireworks. markets close at record highs, dow, s&p, nasdaq, transports and russell 2000 all new highs closes. [closing bell rings] tomorrow the jobs report for of the month of december. we'll see you then. connell: they are picking up the pieces in washington but setting new records on wall street. at the close we have the dow, the s&p 500, the nasdaq all at record highs. this is a day after that violent mob which was encouraged by the sitting president breached the u.s. capitol. the dow today above 31,000. investors betting on more stimulus it seems from the congress signed to be controlled by the democrats. that is fueling hopes for economic recovery and no matter what is happening in washington. i'm connell mcshane back in new york. welcome to "after the bell." i want to get straight to the news happening at this hour. ♪.
114 Views
IN COLLECTIONS
FOX Business Television Archive Television Archive News Search ServiceUploaded by TV Archive on