tv Street Signs CNBC August 7, 2013 2:00pm-3:01pm EDT
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as well, ty, because it's on the chief of staffest stocks list. if you buy it today, it's certainly cheaper than when goldman put it on that list. having a really tough session, down about 13%. >> sue, thanks very much. hurry home here. >> i sure will. >> that does it for this edition of "power lunch." >> i'll seal you shortly, ty. "street signs" begins right now. have a great afternoon, everybody. we do begin right now, sue and tyler, thank you. we're counting down earnings for what some are saying is the next apple. why tesla is so much more than a car company to so many. the great fed debate. no, not about the names, about whether the fed matters that much at all anymore. plus, we're going to show you what may just be the next greatest industry in america over the next ten years and jane wells will show you just how hard it is to pie america >> we are currently witnessing
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something we over not seen in to you months and that is the s&p on a losing streak for three days in a row. let's find out about more what's going on there. bob pisani at the nyse and seema mody at the nasdaq, their usual perches. bob, do you feel like market has been looking a little tide? >> i'm surprised we didn't have a pause. it's very similar. can't put this up in may. right now it's is was above its 200 day moving average. last time i did this was, the half time we were above our moving average. we moved slightly down for the mention few weeks. you can't go up forever. they are a -- in terms of the market being tired, august is
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lousy for stocks. market leaders have been underperforming like biotech and housing. fewer new highs out there. complacency high with the nix near a six-year low and asia is not helping us. keep getting days where asia goes down when the u.s. is flat or up, and that's not helping the overall markets. here's the one thing that i find very interesting. interest rates continue to move to the downside. we had a lousy ten-year auction as rick pointed out earlier, hawks and doves are aligned on the fed, some being inclined to begin tapering as well, a moderate but not a voting member. you can argue, mandy, that number one, a lot of the fed observers feel it's time to move and not to freak out about. >> reporter: thunder bay the domt doesn't believer them. traitors can't exactly understand what the bond market is develop them right now.
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almost is only stu. >> the nasdaq is in an extreme overbought territory and the next support level is 3626 so that is a level to watch. what's leading this market lower? well, first solar, that's the worst performing stock on the nasdaq 100 after reporting disappointing earnings last night. in terms of sectors leading the index lower, chip stocks, significantly underperforming the market. mike r micron tech down 2%. the biotech index up and on"x" pharmaceutical and amgen and blackberry shares down 4.6%, blackberry reporting that three more executives have left the firm. >> thanks for the full rundown. the d.c. debate is who will
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be named fed chair, yell en or cohen? joining us our guests. i understand the federal reserve chairman is a huge job but when you're arguing about all three people with respect to them their policies are to the point is aren't we arguing over which shade of beige do we paint the walls? does it matter to the markets who get nominated and is put into place. >> i think it matters quite a bit at this point in time because the stock market has been done and i've been walking with you and mandy the last couple of showers. we've hadder in the the conditions in or an increase in it. yellin is expected to be more
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doing this and supporting the markets. larry summer may be willing to pull back. i think it's becoming more significant who the person is because quantitative easing has become so dominant in determination of the financial markets. >> so you would prefer larry summers then, but how would the equity market take it? >> i think the equity market will correct if that happens, but i think the equity markets also needs to correct because the distortions that are taking place, mandy, due to the continuation of question over the last four years is simply saying something that has to come to an end. >> you have to wane yourself off drugs. it may be truce full but you can. >> smart midwestern guy, love it. >> i think what we're in the process of doing, we started it a few weeks ago and will do it probably the rest of this year,
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working and debunking the great fed myth and that's the fed's liquidity dip. i think we're starting to show that's not the case. the stock market is close to all-time record highs. we've still got better nick activity showing up in the most recent reports. i think what we'll do in the course of this year is to side that we can get along without the fed. >> right. >> let me follow up on that. >> brian, i think the reason why the yield has moved up after may 22nd was the bernanke answer to a q&a investigation which means everybody is going to believe. if the indication is going to change. i think. >> my point is, jim, i wanted to
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follow up on thmt my tonight is there, i think you might agree is that none of these free theroux says they are going to raise interest rates? the bond market has maybe already reacted to the expectation they pulled back. are poem in indianapolis saying we can't buy the house, janet yellen might get confirmed? >> i don't think so. i think really the federal reserve is more a victim of the performance of the economy and the bond vigilante rather than a proactive force. i mean, i think the loudest voice in the room right now is the bond vigilante's voice. while the fed is debating, the bond market is fairly clear about what has to happen and it'sage -- if the economy is good enough, nobody can avoid starting the taper. just won't be able to do it. if it goes weak, nobody can
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start tweeting. the real authority is not the 12,000 reserve, it's the free market, lahti fair workings of the. >> we also want to stop hearing all this communication. why is the constant communication from not only the fed chairman but various other fed speakers harming the market in your view? >> well, you know, maybe i'm getting old, mandy, but i remember too well the volcker days of the '80s and the greenspan days. volcker were just take a bite out of cigar spit and make a decision. he wouldn't tell us why he did or who voted know. now we've got this fed, you know, talk a take a poll. they have 12 twauking 12 ways out of their job. that's creating, trare ining gr
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parentsy. i think it's creating for uncertainty and it's hurting confidence. you get the sthaens there's no leader in charge like there used to be in the good old days. to the markets, i see you are still very defensive. >> i'm still very defensive in terms of the sectors that i'm looking at, mandy. i've been talking to you about the importance of health care which has done we well to year to today. since i believe that needs will come town a hybrid fix acted is gernd. if that was brand to good morning, everyone after the bernan bernanke session. the whole sing about s based on what the next doves off so i i
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think still is a very important influence. if you had to have the fed come out and say no tapering for the next year, then you'll have bond yields do ghun 50 basis points very soon. >> that would be good for reits. >> and for housing as well. >> jim, quickly, your view on the markets going forward. >> had a hell of a run. >> it touched 1,700 this year and i thought the ten-year treasury would work for the next three wiers. need to digest the yield and discuss the start of tapering but then i think we resume the bull market next year, so i would take advantage of this trade pain we you're in. we'll add to does and to raise
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tap call on strength here up around 1700. i'd move the portfolio away from defensive to economically and fiscal sectors. i really like the manufacturing. the industrials and teams. i think this is more of a can dense driven market. created a 3.3% increase in mobile on stocks. that's confidence, raising the value. it's melt the the armageddon premium in gold. that's confidence coming out of the gold market, and now it's repricing bond yields with confidence about the future. you don't approach great confidence by getting overexposure. >> just a pause in the bull market. sanction for joining us today >> by the way folks. we want to here what is fed chair and whether or not you can i. >> all right. on deck, is ses la the new
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apple? plus, the crazest stunt we've seen since that guy walked across a -- >> and wait until you hear what we've brought to you in the form of one airport being brought to a complete stand still. this is going to freak you out. announcer: where can an investor be a name and not a number? scottrade. ron: i'm never alone with scottrade. i can always call or stop by my local office. they're nearby and ready to help. so when i have questions, i can talk to someone who knows exactly how i trade. because i don't trade like everybody. i trade like me. that's why i'm with scottrade. announcer: scottrade- proud to be ranked "best overall client experience." [ male announcer ] you wait all year for summer. ♪ this summer was definitely worth the wait.
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business is unbelievable and i'm going to describe the scene. a guy in wisconsin, daredevil, chains himself inside a box, really a coffin. gets pushed out of an airplane at 15,000 feet. he has to pick the locks and escape. otherwise he'll die. he picks the locks, escapes and parachutes and doesn't die. wow. >> that is pretty wow, absolutely. what a pity if you are on the radio. >> meantime, why don't we take a look at what's happening with tesla, down over 5% ahead of earnings after the bell where the stock is nonetheless the best performer on the nasdaq 100 so far. up nearly 300% year to date. let's get straight to josh lipton because we really want to know what exactly we need to listen out for in this earnings report? >> mandy, the best performing auto stock this year by a long shot. >> tesla up some 100%. scheduled to report result after the close today. last quarter, the first time tesla posted a profit.
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analysts do not expect to hear the same. the street now looking for a loss of 17 cents on revenue of 383 million. a bit of history here. tesla has missed eps estimates in seven of the last eight quarters and missed revenue in five of the past eight. last quarter the stock jumped 24% after beating estimates. the focus for investors today, one, is the company still on track with its goal to deliver 21,000 model-s desans? what, if any, production rampup is schedule through this year and into next and what is the take rate on leases, greater or less than expected? >> for their part analyst at barclay's saying the next key date should be around the gross margin development. remember on the first quarter call management said to expect to reach a 25% gross margin in the fourth quarter. brian, back to you. >> josh, thank you very much. let us bring in mr. herb greenberg, probably owns multiple teslas and andrea james. andrea, we're going to talk
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about three stocks you recover all reporting earnings this week. let us begin with tesla. you've got a buy rating on it, our viewers who have seen you on the program know you're pretty bullish on the newspaper, down 4.5% going into earnings. what can we read into that, if anything? >> people might be a little bit concerned about, you know, sort of the gap revenue accounting optics just because tesla will be deferring so much revenue. but, really, what you would read into it is that there's probably profit-taking after a really nice run. >> i'm really interesteded in about tesla goes from here. obviously, done extremely well so far this year and its earnings will have to do pretty good to back that performance up, so in terms of its growth will it come domestically or with other opportunities like, for example, china? >> that's a great question. you know, china as elan musk has said is a bit of a wild card. ultimately tesla expects a third of their demand to come from north america, one-third from
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asia, one-third from europe and ultimately this company is a market share play on the 1.5 trillion auto market. >> andrea, this is herb. you know, when we look at this company and look at the profits or lack thereof or whatever they are going to be. the some got the pop after they reported the profit and this quarter people don't expect a profit. whatever they have is low quality. why should we not care about the quality of the numbers they are reporting? >> simply because the gap profitability does not reflect what's actually going on with the company. they have to defer a lot of money, so say they sell $100,000 car, they will only be able to recognize maybe 4% of that revenue in the quarter. the rest of it they will have to defer, so what investors will have to do is look below the gap numbers and lock at what's actually going on with the cash flow. >> how long do you cut them that slack on a company like this? >> well, you know, the cash flow
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statement will -- will reflect, you know, what's going on with the company, so, i mean, as long as they are selling the units, it -- how much they recognize on revenue, i mean, it's just gap accounting optics honestly, so i think that investors will just want to look at future potential earnings, maybe 10% on the operating margin line and ultimately 25% on the gross margin line. >> let's take a look at the next stock we've got on our list and that's digital globe. take the wonderful pictures that make things like google earth. a buy rating, up 33% year to date. why do we care about this stock? >> you know, i love this company. i think it's really interesting. we take for granted that we can just see satellite pictures of the earth, but the truth is that for most of the last century this capability either didn't exist or you had to have like a top secret security clearance to see it. they are a growing verticals of demand for sat light imagery, telecommunications, oil and gas,
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search engines and this is the dominant player in the market. >> used to be top secret and now it's a public company. >> andrea, you know, we look at the thing, gross margins are falling. the company is organic growth at 10% last quarter, and people are saying -- and the company comes out and says, by the way, we're not able to break out organic growth from acquired growth. that's always a red flag. gross margin is falling, concern you? >> so -- so right now digital globe is in the middle of a really messy merger with its big competitor, so basically there were two companies a year ago on january 31st. they merged together, and so most of this year is about integrating those two companies to become the dominant satellite imagery provider in the world so what will happen is as this year goes by, then we'll start to look to 2014, the back half of 2014 is one thing as we really start to normalize. that's where you kind of have to look towards to value the stock
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and 2015 and beyond. >> last, but certainly not least is stratus, 3-d printing company. what is it and why do you have neutral on it? >> yeah. so it's a best in class solution on 3-d printing. to get smart about 3-d printing you sort of have to separate i would say the consumer market which is printers that cost from $1,000 to $5,000 to the industrial professional market. those are printers anywhere from 10,000 to $600,000. it just merged in the last year with a competitor called object and created a big wonderful company. it's trading at about 35 times next year's, estimates so a lot of its goodness is priced in. it's a good company, well run and a growing end market. >> andrea, james, thanks so much for joining us. >> you know my view, i think it will be the biggest fastest growth industry in the united states but, unfortunately, will put a lot of people out of whack. goldman sachs just put out a
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note highlighting what they called creative destruction trends, naming things that are going to change the paradigm. 3-d printing is on that list, just cross the from goldman sachs. >> it's actually something that will displace ultimately. >> i've seen it work. it's bizarre. you've got to see it to believe it. >> will this company have first move advantage or will others come along and displace them all? >> still ahead. much more on 3-d printing, from gun to toys, things that you could soon order and make right in your home. >> and social media stocks, might have noticed have been on a bit of a tear. does this open the door for a twitter ipo? would you be a buyer? tweet us. use twitter. time to have new experiences with a familiar keyboard. to update our status without opening an app. to have all our messages in one place. to browse... and share...
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aflac's gonna help take care of his expenses. and us...we're gonna get him back in fighting shape. ♪ [ male announcer ] see what's happening behind the scenes at aflac.com. russian president vladamir putin is not having the best of days, first, president obama cancelledies upcoming one-on-one meeting with putin that was supposed to take place in moscow this september, and then this, a pro-government russian channel was hacked and ended up showing an anti-putin documentary in the middle of the broadcast. the person surprisingly has already quote, unquote, resigned. >> that's a euphemism. >> meantime, learning more and more about what president obama
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really thinks about the state of america's housing market. he just finished a live q & a session with zillow.com. diana olick was mob training it. what was the most important thing that we need to know about? >> well, would i start with the fact that this was a very odd venue, to say the least, if not unprecedent, a ceo of an online real estate company interviewing the president on housing. it raises a lot of questions, of course, about a ceo of a publicly traded company and a president kind of using each other to push their own agendas. now, let's go to the interview, of course. first, after traveling to phoenix and pushing a plan to wind down mortgage giants fannie mae and freddie mac, the president told zillow's ceo he was not particularly concerned about rising mortgage rates. >> we've seen interest rates now tick up. so far at least the housing market has continued to be fairly robust and there's been
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reporting just this week. some of the data has come in reporting you're seeing good steady growth. >> having large school institutional investors, buying distressed properties and re-renting them was an overall positive and not just for the investors. >> that can be good business sense for them, but just as importantly or more importantly for the middle class families where they saw the property values drab, having that stable ice can make a difference. >> zillow does have a real estate blog. sells houses and its employees have contributed to the election campaign of several democrats, including the president's. this was basically another forum for the president to sell his housing agenda and a chance for zile association to lobby its own agenda with the president
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and the ceo did not miss the chance saying the president supports another government refinance program. >> thanks very much. >> for our horde money segment, jackie deangelis is here to tell us they are doing something to ease some of that concern. jackie, what is it? >> good afternoon. most notably i want to talk about exxon mobile because they cited margins as part of the reason for the profit decline, because the gap between wti and brent is narrowing taking away some of the advantage they have had and one place where they are making some of it up is exporting diesel. strong demand in places like santiago, chile. today's department of energy reinforcing the trend showing they exported a million barrels of diesel fuel a week, up 19%
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from the summer. as you know, brian and mandy, the u.s. about ima net exporter of petroleum products two years ago and now we're the largest exporter in the world. bank of america and merrill lynch estimate exports have doubled in the last five years alone and no surprise that the margins on diesel are so lucrative. they are double what they are on regular gas, and to capitalize on this companies like shell, marathon petroleum and also valero, they are making a significant investment to get the gas to diesel ratio to 1-1 level. not cheap. they just finished two new crackers, they government $1.5 billion each and process the feed stocks as well. live pictures coming out of philadelphia international airport. a u.s. airways plane inbound from ireland has been evacuated.
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you see passengers being led down the chutes and they are being taken away to safety. according to law enforcement reports a threat to that plane was called in by an unknown male. the flight is going to be taken to a remote area of philadelphia's airport and what you're seeing, folks, live scenes from the runway in philadelphia. bomb-sniffing dogs will go through the plane. more headlines and news on the story coming up. >> 190 billion reasons why we should be optimistic about america's future. >> and later on, the idea of buying all american sounds pretty doggone good, but as georgian bay wells found out it's not all that easy and what we're calling spider pocalypse. if you do not like spiders, why this will be your worst nightmare coming up.
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>> follow us on twitter and follow the show on twitter. there are more ways to keep in touch with us and like us on our facebook page at facebook.com/streetsigns, cnbc. you're watching "street signs" on cnbc. everything is fine. we'll be right back. [ male announcer ] come to the lexus golden opportunity sales event and choose from one of five lexus hybrids that's right for you, including the lexus es and ct hybrids. ♪ this is the pursuit of perfection. ♪ (announcer) scottrade knows our and invest their own way. with scottrade's smart text, i can quickly
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okay. it is hump day and we're hump time here in the show. we're slipping and sliding through five hot stock stories of the day. first of all look at finisar, expecting its first-quarter profits to exceed revenues. everybody needs a siever. target at 24 so they see a little more than two bucks worth of upside. >> and we've also got ralph lauren. stock number two on the flip side of earnings. >> it is down more than 6%. reported a remember quarterly
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profit. >> they were up 1%, back out currency expenses, overall expenses for the company were up. the good news, i guess, spending $75 million on new stores and technology. >> a whole lot of red out there in the solar sector. one of the reasons, the biggest one of all, not seeing any sunshine at all. >> ain't no sunshine when she's gone. getting a target redecks. pushouts in the second quarter were not that much of a surprise but noted that sales guidance was reduces. first solar is up 95% over the last 12 months. >> meantime, why don't we -- >> stock number five. very much under the radar but upgraded to a buy.
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>> not a name you and i would deal with as consumers. >> very, very specialized. revenue eps growth will speed up the target. a 20% upside to current prices. that's all the time we have except we do have our next guest who says one tech stock in particular is undervalued. let's name some names and bring in the ceo of strategic world partners and the name is? >> sea gate technology, a fantastic with, when you lock at the pe ratio, right around 8 and dividend right of just shy of 4 has. people believe hard disc drives will disappear, especially in the face of all the cloud talk
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from the last several years. we feel data storage will increase significantly over the next couple of years. don't story data in the white puffy things in the air. you do need the disc drive sr. to store the data. a lot of businesses out there still looking to convert from paper offices to paperless offices, and we have to store that information somewhere so we like sea gate. >> wells fargo has had a pretty good run of 27%. you see it will benefit from the steepening yield curve. >> it's a conservative bank, when i think conservative financials, i think of wells fargo. >> it really fits our client profile. a lot of our clients are kvrtive
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and work with a lot of brewers who cashed out of their businesses. they want to get on base and avoid strikeouts and i consider wells fargo to be the avoid the strikeout bank. >> really, the best place to go looking for a play on the markets. >> they have pretty good underwriting procedures and i trust their conservative nature. >> walgreens, is that a play on the job market. >> and also the affordable care act. with health insurance improving over the next few years we feel the retail drug stores will benefit from t.wall street undervalued historically when you compare it to its historical averages. decreased its dividend at a double daj pace and looking at the business model made some.
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>> recent acquisitions and in doing so what they are really going to be doing is shifting from your typical pharmacy drug store into a more pharmacy health and wellness center giving walgreens the competitive advantage they need to take it from the affordable care act as opposes to the cvses of the world is whether we'll have to name names more often. >> thanks for having me. >> on deck, is twitter taking a page from facebook's book? fb is soaring lately so is twitter prepping for its own public debut is this. >> and what might be the worst day at work ever, spiders, hundreds of them biting. it's a true story, and it's ahead. and 900 million dollars are changing hands online. that's why hp built a new kind of server. one that's 80% smaller. uses 89% less energy.
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with or without calories. for carefree enjoyment. for those who have a lot to say and those who have nothing to add. for those who want to choose and choose. for every generation. for us. for everyone. forever. first that were snakes on a plane and now spiders in air traffic control. the control tower at kansas city international airport was apparently so badly infested with spiders that radar controllers were forced to evacuate. didn't move to another location and meantime half a dozen flights were delayed. apparently a spider's nest hatched releasing hundreds or thousands of baby spieders who were hungry.
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no word on what kind of spiders they were. air passengers never in danger. those photographs are apparently life-sized. >> i've laid in my bed and watch baby spiders just crawl all over the ceiling in a sudden hatching moment but i would rather have a million spied efforts crawl over me than have one snake in my vicinity. >> how about a megalodon in. >> fortunately there's not many around these days. >> found that spider story on the web. >> silicon valley is all a-twitter with news that the company is gearing up from an ipo. are they learning from facebook's mistakes whose stock rebounded from the ipo fiasco last year? >> sitting at 38 been the 65. linked in striding near $230, a great success since its ipo.
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>> twitter has been taking its time and is very quietly gearing up for an ipo. last month it posted a job opening online for a financial reporting manager to put together its original s-1 filing. they need to file the s-1 by year end for an ipo in 2014. their valuation is $10 billion based on its ad model of promoted tweets, asounds and trends. they will generate 600 million in revenue this year and 1 billion next year and 1.3 billion in 2013. those numbers could grow to be larger as they launch new projects and do more data mining. facebook is moving further into its space of public conversations. just today facebook announced trending topics which are very similar to twitter's.
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coming up on clegg, more on twitter's business as it does the slow march to an eventual i'm crow? don't miss our very special report on the twitter revolution which starts tonight. the fun is at 9:00 p.m. eastern only here on nbc. >> another revolution on the brink, 3-d printing, the technology could change the face of american manufacturing forever. you heard our goldman sachs note that they named it one of the eight creative disruptive technologies of the next couple of years. mary thompson just happens to be digging into what makes it so cool. honestly, i feel this, it felt like magic. >> an interesting and innovative technology. three reasons why 3-d printing is cool. first of all, it saves lives. one of its core markets is modeling either for the medical
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industry. looks like a pink blob. remember ten years, co-joined egyptian twins, cojoined at the head, a model of the head, made by a 3-d printer and it allowed surgeons to practice before they actually did the actual operation that separated the twins, an operation that was successful. another reason it's cool and saves money. this is a component used in cooling and heating a jet engine. typically in manufacturing you would see this made up of a number of different components. basically this saves the manufacturer money and there's less chance of defects. for the consumer, a lighter product which moans it saves money on fuel. a third reason it's cool. the consumer can do it, too, all day showing you something in the works. some of these are available for
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consumers for as low as $1,300. you can make items like this, maybe a little party favor for you and your friends. >> get your bus fare home. those things are fantastic. can you enjoy a day where i buy something on a website, don't have to go to the store. don't have to be delivered, just made in my home. this could be disruptive for fedex and ups as well. >> it depends on the sophistication of the printer that you have at home, the ones for $1,300 you can make like this. something more sophisticated like the body of this guy tar. we all know that technology moves at a very rapid pace. >> remember the day when everyone said i won't be able to
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afford a fax machine. i'm sure the same thing will happen. these things go in evolutionary and revolutionary faces. and why mattresses may be the key to weight loss. watch out, america, whatever this is it could be coming to a breakfast table near you, but our very own jane wells is on a mission impossibly. she's looking for stuff right right here in the good old usa, jane. >> a 3-d toilet seat. >> batteries, power tool, which one was made in america and which once and find out how much more some americans would be willing to pay if it was really made in the usa after the break. before their gift helped preserve the point... before a credit solution was used to expand their business...
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doing "squawk box" this week, and i've been eating everything in sight. >> you really have. i saw you gnawing on the back of the knuckle. >> it was tasty. >> and half a burrito left on one's desk. >> and i cannot stop eating. all right. >> speaking of eating, kids are cutting back on the junk food, as well. a new report shows the owes beety rate of young kids actually fell since 2008. good news! 19 states posted declines. the number of overweight preschoolers is the first time a consistent decrease in obesity has been measured among kids. researchers aren't sure exactly what's behind it. maybe it's because we can't get more fat. but saying more awareness of healthy eating and change in federal nutrition programs could be at root. still, overall, one in eight american preschoolers -- preschoolers is obese. by the way, obesity costs $190 billion per year, which accounts for 20% of america's total healthcare costs. >> that's another downer, isn't it? that was a fun story. you might want to keep the kids away from this thing, then.
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the waffle-taco may be coming to a taco bell near you. it's a hybrid waffle-egg-syrup creation tested in a few stores in southern california earlier this year. the breakfast item sold so well, in fact, taco bell is expanding that test to another 100 stores from nebraska to tennessee. the waffle taco has 460 calories and 30 grams of fat. yum brands, which owns taco bell, is up 12% this year. i believe the ceo of taco bell is an australian, so i wonder if he came up with that. >> it's america's greatest export -- obesity. we like the idea of buying american-made products, but the problem is that finding them is not always easy. in part three of our "made in america" series this week, we sent jane wells on a shopping spree and apparently, jane, it turned more into a mission: impossible. >> reporter: well, yes and no. look at this. i think it was more surprising than anything else. the batteries i mentioned earlier, made in america. the power tool made in china. do you know where your stuff
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comes from? do you on care? it's not always easy to tell. for example, made in america, baked in america, quote, assembled in america, and the very cool lava lamp, old sold in america, because it's made in china. but wait. there's more. ♪ careful. shopping these days is like going to the united nations. pakistan. china. usa. do we really care where most things come from? made in america. made in thailand. made in canada. ♪ nearly half of americans say they'd be more likely to buy a product if it was stamped "made in the usa" according to a survey. 60% told "consumer reports" they'd pay 10% more. made in the usa. do we know what comes from the u.s. and what doesn't? home depot gave us free rein to
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check. the non-sexy stuff, the stuff under the floors, the raw materials, that's the stuff usually made in the usa, like lumber. concrete. drywall. on the other hand, almost all of the light fixtures are made outside of the country. this is china. china. china. china. and -- china. black & decker, an american company, made in china. dewalt, made in mexico. milwaukee, made in china. toilet made in china. toilet seat made in america. over at target -- china. how cute is this? the chain says sourcing practices are always changing to balance quality with price. so this is interesting. elmer's glue, the glue, is made in the usa. the glue stick is made in china. for the party, the plates are made in the u.s. the happy birthday crowns are made in china. pinata from mexico.
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made in the usa. somehow that comforts me. just out of curiosity, these are made in the usa, too. and barbie, the all-american girl, is actually made in china. all right. barbie may be made in china, but one thing in both target and home depot was not, the good old american flag, guys, still occasionally maid in the usa. and chains sometimes promote things for not being made in america, say at target, the italian gellato, made in italy. not made in usa. we ate it. and go shopping. >> absolutely fascinating. really interesting report. thank you. we are powerball dreaming next. she's always been able to brighten your day.
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well, $425 million up for grabs in tonight's powerball drawing. if you took the one-time lump sum, you'd walk away with $233 million. very nice. with that, brian, you could afford the most expensive property in america. it's currently on the market, by the way, for $190 million in greenwich, connecticut. or you could get the pretty sweet 150-foot yacht for $46 million, or maybe even get a discount, or both. anyway, you'd have to spend millions and millions to maintain both of those. so, you know, the sticker price is just -- is just the bow ginning. >> and that yacht would drain that cash quickly. what do they say, a yacht is a hole -- a hole in the water in
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which you throw money. >> property is owning either a horse or a yacht. >> thank you. on that uplifting note, everybody, we always hope you get to own a yacht some day with a horse on it. thank you for watching "street signs." >> good luck on the powerball. i'll see you guys at 4:00 eastern. i'll be joining the crew. hi, everybody. we enter the final stretch. welcome to the "closing bell." i'm maria bartiromo at the new york stock exchange. we're in danger of hitting a three-day losing streak, scott. >> we are indeed, maria. scott wapner in for bill griffeth. he's back tomorrow. stocks in danger, as maria said, of the three-day losing streak. is this a healthy pullback, or is something bigger going on? that's certainly what we've been watching today. it is the worst three-day streak in some two months. the second-worst three-day streak of the year. >> but, scott, the worst we've seen throughout th
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