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tv   Street Signs  CNBC  March 17, 2014 2:00pm-3:01pm EDT

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>> down almost 12.5%. our market is going in the opposite direction. the dow is up 173 points, the high was 200-plus points. broke through resistance at the 1850 mark and 153 mark. the nasdaq is up 1 full percent. first solar and -- and f-5 networks. that's it po "power lunch." "streets signs" begins now. slg. plus why something happening in china may be good for yahoo!. if your glittering best new bet,
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the moignas. still looking pretty good out there. the best day for stocks in almost two weeks. s&p 500 in just a few points of break even with today's gains, brian. >> as you said, stocks are higher. think of this. okay. 19% gain for the s&p 500 over the past 12 months. a possible heated showdown coming with russia, a china slowdown and, by the way, very little actual revenue growth within corporate earnings. let's bring in steven woods. first to you, steven. i like it, i have a 401(k). it's nice. i don't have any idea who is the buyer. it's not mom and pop, apparently. >> i think after 2013, a very difficult year in fixed income. after 30 years of a raging bull market in bonds, i think globally investors are realizing first off they need a multiasset
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approach. we not the central banks from australia through ecb, they're going to keep return as close as possible. i think early days of the rotation are beginning to take place. >> it's really interesting, isn't it? it feels like every single diplomat is get shallower. there was always buyers starting to rush in. why is this happening? who is doble the buys? >> yeah, i think there is liquidity in the sidelines. we started the end of last year, or ended it very strongly after the fed gave people some comfort, so we started the year maybe a bit ahead of ourselves. we've been shopping a bit the first part of the year, but last week we started to get data that made us feel better about next year. we had a leading indicator number for february that said,
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you know, with the percentage increase it had, 15 out of the 17 last times we've had that kind of percentage change, market has been up 12 months later. the isn data kind of showed the same thing. we had backlog showing in that data. we saw new manufacturing orders coming up. that suggested better growth. >> but who is doing the buys? is it the retail investor? or is it a lot of, like asset managers and guys who are managing money who essentially, you know, feel like they need to be in this market and that are agnostic to the headlines? >> i think you see some institutional money coming into the marketplace. may have had some cash on the sidelines after things got a little expensive at the end of the year. i think they're also noting that, again, some of these pieces of data coming out of
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february, they don't like quoot as balance as some might have expected. some of the lower growth he saw in the first part of the year had to do with weather across the country. it doesn't mean international may have some impact, as copper prices are coming down, we expect the energy futures are going lower. this should be margin builders. you know, i think institutional investors have seen that, and individual investors are also putting capital the first part of the year still into the market. >> if i can't talk about something too, one of the frustrating aspects is that the market hasn't sold out. wight guess they 3.5, maybe 4% pullbacks, but you're not getting that 5% to 7%. >> which is frustrating. >> it is frustrating. we're pushing almost two years without getting the values -- for an active manager, you want cross-section volatility. >> what is that?
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>> you want difference between sectors, industries, you want stocks behaving differently for different reasons, which gives security selection a chance to work. i think it would be an opportunity for valuations. we think the u.s. mark is fairly valued. the fundamentals are improving and they're backing into returns we saw last year, accrued, you know, 30-plus percent on the russell 1,000, but we think we need to see a pull back. >> how much of this has to do with demographics. so therefore you have to be a bit more aggressive, so therefore, you know, naturally allocate more towards -- >> bow longevity risk will be a big risk. you know, 50/50 shot one of the couple to living more than 90. >> but i would say the opposite of what mandy just said. that would got to bonds, not stocks, because you want to reserve capital longer.
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>> i would take the other side of that. >> stewart, are you on my team? >> i would say investors, you know, they're looking at what they're making in bonds. those bond returns could be declined over the next couple years, or really moderate returns at all. i think that's why equities are getting the attention they are. earnings growth is moving ahead, the economy is still moving heard. the other returns are pretty lackluster. we pretty much didn't mention the word "ukraine" in that whole conversation. >> you just did. >> i did. >> ukraine. so if stocks keep going up, what's the better way to play the market? individual equities or etfs and funds? we're going to make the case for both, coming us, but hardly the everyman. article you this chu, we'll see if we can convince him to buy individual stocks. >> okay.
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that was arthur chu. he's back with us today, and we're going to find out if he is planning that investment strategy with those winnings, or if he might dabble in some stock picking. because you're a data guy. over the past 12 months, s&p 500 up 19%, dow 12%. that's nice. however, in that same time, 273, that's more than half on the s&p 500 are up more than 19%, and ten, the dow 30 at more than 5%. five of them, by the way have doubled the dow's results. the conclusion -- over the past year ed more than 50% of beating the s&p and 16% of doubling the dow's return. arthur, we brought in the experts. first steve quirk, he'll make the case for indexed invests and hear why we should pick stocks.
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>> i think the stars are aligned. if you look inside the s&p 500, it's driven by the largest names, and the top 20 names, 4% of the index, that is 30% of the performance. a lot of deadwood in those names, ibm, walmart, procter gamble, coke. you have to scratch beneath the surface, and like you said you have a much better chance to beat the overall index. >> make the days for the other side, steve. >> i would say, you know, a lot of the retail clients that trade through us and invest through us have a limited amount of time to do the research necessary. so what they're going to do, and what has been successful for many of them, is they will take a portion of that portfolio and put it in index products, so in terms of time necessary to do the research, it's a little easier for them. >> do you agree with that in any part at all, david? >> i do agree. when you're talking about the
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individual investor. my case is point is i'm looking at professional portfolio managers. i'm going to significantly outperform for really the next several years. >> but they say, david it is ultimately a loser's game, because transaction fees are higher, sort of the -- >> transaction fees pretty small to me at this point. we're talking about trading, you know, at a penny a share, maybe even less than that. i don't think transaction fees come into it. >> over to the ameritrade, you have a fantastic insight into the sentiment. what are the retail investors going more towards the stocks or index funds? >> i think what you see, and we have a pool of 6 million client accounts that we look at, and we take a look at all their activity, and we index that. they've been fairly bullish, as a matter of fact pretty bullish over the course of the last part of this year and into this year.
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um, really what they're doing is as the rally sort of growing long in the tooth, they're sort of rolling out of the some of the index products and being more selective on individual names. so their behavior is not a behavior which is static. it's a dynamic behavior. >> they keep coming around to your way of thinking. >> i had think they do. if you look at the industry we're in, we're both in the same industry. it's called assets under management. if you dig down beneath the surface, you can find a lot of great names. >> sit tight. arthur has been listening. i know you're in a conservative vanguard fund, and i mean this with all respect, you're young, intelligent, you're investing like an 80-year-old. >> am i really? >> his fund returned about 4.4% last year, because it was heavily bond invested. you're 30 years old. is anything we say here, a, sway you to change what you invest,
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and b, do you have a question for either steve or david? >> well, i've heard a lot of it before. i mean, one thing that i don't think people get about watching me on the show "jeopardy" is i was a very risk averse player. it looked like i was doing risky things, but always what i felt the conservative things. go with as much money as i've earned. i carry that philosophy forward in life. yeah, there's a 50% chance that you could beat the index. there's a 50% chance -- always the trick is knowing which 50% it is' much as it plight conflict with what theme have seen, money is not a big part of my life. i would prefer to have a cushion, but spend my life thinking about other things. >> arthur, can i ask you a question? i guess the fact that you're
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risk averse. i guess my biggest question is why are you in an index that's made up of bonds and stocks? at 30 years old, most of your money should be invested in equities. >> because i don't know for a fact that i won't have any big expenses coming up in the near future. that's -- without getting too personally into it, i've had the experience of having a loved one suddenly develop a serious health problem, suddenly having to move to another part of the country. so for me having the cash is important. >> so nothing that david said that would make you sway toward stock picking instead of the index fund? >> not at the moment. i might be swayed to an a moss aggressive sway in the fund, but individual stock picking, the down side for me for that is way too high. >> arthur, do you think that the stock market long term is a good investment? it sounds like you have -- and i know we did as well, so we wish
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everybody in your family the best of luck, do you think it's a good place? >> yeah, if it weren't we would all be in trouble, right? so yes, i'm not -- i'm not scared, you know, of a future collapse, not putting my moan in gold coins. you know, i'm just cautious about how much risk personally i want to take on. >> really quick questions, ten seconds, what are you doing now, arthur? >> just trying to get back to work, get back into some semblance of a normal life. there might be future opportunities, but right now, i'm again playing it kind of conservative. >> you could buy the cavaliers if they keep playing the way they're playing. >> a pleasure to have you back here, arthur. all thank you very much for playing. >> thank you. coming up next, we are mining for profits, where the biggest opportunities are in one of the worst performing sectors, and wine one analyst is unfriending facebook.
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today, but did hit a high earlier on. it's also up about 15% so far in year, and on track possibly for its biggest quarterly rise in 27 years. get that. after a real downer of a 2013. so that's gold. a precious metal, but base metals, like copper have been doing it pretty tough. dom chu is here to explain why not all materials are created equal, right? >> that's exactly right. the last installment of our series, metal and mining stocks have seen a split difference. overall the industry group is down 8%, but metals in mining can mean all kinds of company the tli biggest losing stocks represent three different lines of businesses. take free ft. mcmorn. first, heavy copper exposure, down about 17% so far in 2014.
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copper prices down 17% over the last year, and a lot of that story has to do with china and the brewing economic slowdown. it's a similar kind of story with u.s. steel and steel demand. u.s. steel is down 19%, there's one of the big producers of iron ore and metallurgical ore. cliff's natural resources falls into that category. it's down a whopping 30% in 2014, but there's an interesting flip side here. it's exactly what you talked about earlier. it's the gold stocks, right? everyone hated them last year, name knthat's the thing about goldminers, they leveraged to gold prices. they go up a lot more when gold prices are rising. they fall a lot more. so brian, a big deal when you see a gold mining stock going up this year versus the copper
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stocks heading lower. >> dom, thank you. so a lot of goldminers out there. what are some of the best plays for you. our next guest is analyst michael dudis. your favorites in the gold mining space? >> i have four names from the list of the companies that i cover. for large-cap investors, newmont, for mid cap, niko eagle. for silver or yearned investors, core mining, and very small cap called gold resources. those are four names that should benefit what we think will be a continued rally in gold? >> ireland also say today, you are herb greenberg's best friend, because he has a running bet with sully over here, gold miners versus coffee, but that's another point. why do you think it's a sustainable price? >> certainly i think what dom mentioned beforehand, you have
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such a decline in gold prices, and from a make rho basis, the uncertainty with regard to chinese economic activity, the uncertainty relative to u.s. economics, the russian situation we're very well aware of certainly can be supported, as would be the southeasterlio interest rate policy that chairman yellen seems -- will have on plan over the next few years. from a micro basis, a renewed interest in etfs and chinese demand for gold has been at record levels. i think those trends will continue as we move through 2014. >> what could the feds say that would make you like or dislike gold and the miners? what's the language we need to hear, mike? the language would be if the fed were to accelerate the taper on a per meeting basis as oppose to keeping it as ten. i think that would be the major
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issue where i think gold would probably take a pullback and certainly be a more difficult trade. if they accelerate the taper, which the economic data doesn't seem like it will happen, at least near term, that would make me more negative. >> you've got some others like barrett gold and pan-american as neutral. thank you very much for joining us today, mike. >> by the way, herb is not even in the same time zone on our bet. coffee is up 67%, gold miners 27, the past few months, gold miners down 27%. >> it was close there for a while, almost to the exact percentage gain, but you just raced ahead. it's only because i drink 15 cups of coffee a today. >> you and the brazilian drought. you two are balanced. hey, sometimes you get lucky, like the nikkei. up next, today's mist re chart, this is the best
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performing global stock this month. the answer is ahead. plus the mystery billionaire. a lot of mystery on this show, that just locked in the most expensive insurance policy ever. and the face behind today's shamrock shake.
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janet yellen's very first news conference is this wednesday. as you can imagine, investors are anxiously awaiting her public statements to strengthen the economy or otherwise. cnbc is your place to turn for that fed decision at 2:00 p.m. on the dot followed by her news conference at 2:30 p.m. there you go. straight talk time. here is the news you need to know about every single day. let's look, an upgait to buy. a decent pop there as well. >> 1.7 gain, noting increases in capital spending and recoveries and pricing pow are are good for bhi, that stock already up over 30%. >> gnc holdings a downcredit to neutral from outperform. >> and they note lower potential
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for strong sales growth, also lower gold card memberships. it's been a tough year for gnc. they need some vitamins. deutsche bank as extort-term buy list. >> it helps computers manage and protects that you are networks. i don't want to call it internet security, but you get the idea. they raised their target. they have a positive view of this year and next year's earnings. verisign getting a downgrade. down more than 6%. citing concern over renewal of the dot-com and dot-net contracts. the united states giving up domain control of the internet. their target cut. that, my friends is two bucks below the current price. >> this under the radar name is a name i had never heard of, so very under the radar. it's staar surgical getting an
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upgrade. >> it's going to be less under the radar after that move. stock's up 15%. great year for evil loses, by the way. price tarts boosted. analysts expect regulatory approval for the implantable lens. also raised their price target. this stock is up 211% over the past 12 months. coming up next is ali baba's expected ipo a reason to buy yahoo? and time for today's mystery chart. you are looking at the best-performing global stock market this month. it's a bit of a head scratcher, but i'm sure we have some very clever viewers. >> here are your hints. best performing stock market is also home to the world's biggest flower and the world's smallest primate, but in a totally unrelated segue here's bill griffeth with a look on what's
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coming up on "closing bell"? >> i'm just trying to keep up. we are all over. if you watch the market right now, we are hitting highs for the day, the dow up almost 200 points. we'll talk about what this rally means. is the sell-off last week ancient history? twitter one of the few underperformers today. is there value here? or did twitter rally too far too fast after its ipo? we have a bull and bear coming up. domino's ceo tess us what the tip-off to march mads in means. it's all about pizza and bask ball. we look forward to seeing you for "closing bell." stay tuned. tdd#: 1-800-345-2550 trading inspires your life. tdd#: 1-800-345-2550 life inspires your trading.
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turnaround? carter wirth with sterne agee, and steve cortez. carter, i want to start with you. this has been a technically driven stock in the past. is there any sign we'll see a real fundamental turn? this stock just has not worked and hasn't been worked as of recent. in fact one looks at a chart of sears versus its peer group. this is a stock that's made no progress since march of '09. you have a relative strength issue. if you look at the price of sears itself, you can see it's sort of hovering op sinuslity '09 lows. the presumption is ultimately it will break. it's a structural problem. you would say i'd rather someone
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else put their moan in first, start to bottom this thing out and happy to come along afterwards. >> so technically pretty bearish on the stock. what about the fundamentals? >> i would say, carter, sears is good enough for the kardashians, they have their inclusive collection there, so it's good enough to me. i'm following them. seriously, the bear case on sears is well known. what is not perhaps nearly as publicized are some of the fundamentals that put in a floor here. i think sears has reached a point very similar to j.c. penney, which i actually believe if for much of the same reasoning, is that the total real state far exceed the market cap. i think it is worst something here? yes, it is, it can laically with
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brands like kenmore. >> you think that's enough to put a bid under here, steve? >> no. >> i think you if you get them thrown in essentially for free that's an -- >> yes, i think craftsman particularly is a very valuable brand, one that hasn't managed yet, but has democrat indicates -- a lot of folks in america -- >> what's the real estate worth per share? >> there are a lot of different vail ways out there, but at least 1 1/2 times current cap. i think all of them exceed the market cap. >> carter, good points. steve, good points. that's why we call them talking numbers. be sure to check out the online edition, tacking numbers. facebook gets a downgrade. they may the long-term outlook,
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but c'mon, stock's up 153% over it is past year, so aural gus basically saying not much is that left. ali baba will be listing in the u.s. and yahoo soaring more than 77% for the past three years. martin, great to have you with us. part of the reason why yahoo has done so well is because of the expectations of the impending ipo. once they sell off, what, close to half of their stake, what's left? >> i still would. i think in terms of the ali baba, they'll have to sell 10%, which was all prenegotiated. they're going to hold 14% of the company, and i think yahoo frankly needs to come out and saying they're planning to keep that stake. i think it's a good investment.
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i think they'll strike other strategic partnerships in the chinese region. separately from that yahoo! core, i think it's a slow turn around. >> i city think yahoo! can go ahead to a mid single digit, maybe -- from a growth standpoint, about you from a yahoo standpoint i think it can goat better. you think they'll do a air buyback? what will they do with the cash wind fall? >> you can buy back stock, invest organically, do m & a. you know if you look at yahoo!, it's valued ironically roughly in the range of time warner, cbs, and about ten times ebitda.
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you grow the bottom line 10 to 15, sometimes high teens partly through buybacks. they haven't talked a lot about that. they don't want to telegraph that necessarily, but i think buybacks will be a large part of it. >> i stock is 39.15. i'll play the bear, martin. stock's already up 77%, it has basically no organic growth. in fact ref is below where it was five and six years ago. the average price target is -- which would make us there. >> there's a bear argument that's fairly valid. if this el can turn and an regrow revenue, i would be bearish. i still think they can do that. that's not in the expectations,
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not in the ebitda or eps number. if you one through 5% to 10% revenue growth rate, you can get to a target price that's kind of in that mitt 40s. to put it in perspective, it's slower from here than it has been. >> we have to leave it there. thank you very much. somebody special on the phone. >> i was stumbling over that question. i hear in my ear that herb greenberg has something to say to you about the bet. >> so spit it out. >> it's not even a call-in show. >> no, i just think you have to be careful not to jinx yourself. >> i'm so far ahead in the beck i couldn't jinx myself enough. >> in this market with a commodity, what goes up that fast literally can come crashing
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down. look, i'm not here to say you're not going to win the bet. i lie forward to buying us a nice difference in new york, but i think you have to -- >> especially in they're a speculator in the coffee trade? >> as there were in gold, but coy i think is difference. the gold miners, i think i should take some profits every time it hits my 10% up gain. >> you are a rusk caker. you're 10% start is when you are the selling? >> no. i look at it and think p the way the stitch cal investor thinks, and then whether it has one of those horrible days, you say my goodness, why didn't i take some of my moan off the table after a higher praise.
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what is cramer always telling you? the bulls, bears and ticks. 10% or 20% may not be piggish, but good invest arors do have discipline. so you have to remember that. the smartest guys out there will always tell you, they'll put whatever the first advantage is on there. when it hits it they're got and they're not married into it. >> michael dudas is saying bye to the gold miners. i'm completely agnostic about it. i don't care whether you win or herb wins, because i still benefit from a dinner. >> you want him to win. only because -- >> herb is -- my nikkei call, i predicted that, i can't invest in that, i don't own coffee. so i'm just a fantasy investor. >> you could have found a way to
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make that trade. >> that's not the way i roll here. >> thanks for the call-in. maybe we should make it a call-in show from now on. >> no. a mystery millionaire buying a $200 life hurricanes plan. we'll speak with the man who brokered that record-breaking policy. >> this is your last chance to get into today's mystery chart. this is your last chance. it's wort to the home's largest snake, which stretches 32 feet long. it's not australia, by the way, guys. that will be next. peace of mind is important when you're running a business.
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welcome back. today was the perfect storm for crude to rally, but it didn't. of course, you had positive data
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coming out of u.s., a vote in crimea that passed without conflict. you even had a weaker dollar, but still crude was down 81 cents, closing at 9808. this left a lot of traders scratching their heads and wondering if the oil pits weren't telling everybody a word of caution that perhaps the rest of the market wasn't seeing. that might be the geopolitical situation may not be as stable as everybody thinks. there's still a lot of developments. we have to watch them closely, so certainly the oil markets indicating a little tale of caution today. mandy and brian, back to you. >> jackie, thank you. gave you the hints. biggest flower, smallest prime yeah, longest snake. indonesia. >> absolutely. this is partly on speculation that the wildly popular jakarta mayor -- his name is yoko redodo.
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that's partly wry indonesia is higher. >> there's eight main stock that is have more than doubled this year. in 75 effective days. led by bank of india. more than doubled in 75 days. >> yeah. which -- >> jakarta led the world last year in luxury real estate price increases. in all the markets in the world. jakarta was number one. >> a lot of money coming in from china. it's almost unaffordable to live in singapore, with people buying luxury apartments. just in terms of a good economic story, rising middle class. >> but they get helped by good. >> a lot of commodities. >> sumatra. >> not to mention tourism, bali. there's a new report-setting
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insurance policy bought by a tech billionaire. the price, a whopping $201 billion. also joining us is dovy francis, the firm that sold the policy to this mystery person. i'm going to get to you first of all, would all. would you be at all at liberty to disclose who this person is? >> no. >> okay. what kind of person? i think it's like a tech entrepreneur, but from what country? from america? >> yeah, it's a u.s.-based nigh net worth individual who resides in silicon value and owns a publicly traded technology company. >> a lot of people tell me the premiums for this are around $2 million a year. does that sound about ballpark? >> that's the ballpark, correct. >> and did this guy have to go through a lot of physicals -- $201 million, that's a lot of risk for any insurance company to take. >> yeah. luckily it's divided among 19
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insurance companies. so no one insurance company is carrying the risk because it's probably impossible for any insurance company to carry a risk of $201 million. >> so it was 19 companies. and do you think that this was largely tax driven as opposed to life insurance driven? >> you have estate taxes, you might have mortgages calmed immediately upon death. it's a trust and estate planning play and most wealthy individuals require life insurance policy to be set in place. >> but at this price, did you even -- you deal in this kind of thing, right, but did you even raise your eyebrows? this is the kind of thing this guy wands? >> yeah. i mean, the death benefit is $201 million. the price of the policy is not $201 million. >> still. >> calculate the number, if the premium is running $2 million, how long does he have to live for this not to be worth
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anything. >> if you were that rich why would you need a life insurance policy of $201 million? you have clearly got billions of dollars anyway. i'm trying to understand the point of the policy. >> it's a good -- brian, it's a good question. let me just add to your point. i don't know too many high net wor worth individuals who have $2 million liquid. you have things domiciled in the u.s. on top of that, if you have mortgages, they're also called. imagine an event when you die prematurely and you have hundreds of millions of dollars that are called. basically, your next of kin is inheriting 45% less minus mortgages minus capital gains on the stocks that need to be liquidated. >> good points. >> so, of course, you need it. >> everyone needs a $200 million insurance policy. >> it depends how wealthy you are. >> exactly.
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>> there's a passing resemblance to patrick dempsey. do you get that a lot? >> not really. it's st. patrick's day though. >> you can't buy me love but you can buy me an insurance policy apparently. >> his first movie. >> thanks for having me. >> russian president vladimir putin has signed an order that recognizes crimea as a sovereign state. it could be the first step before annexation of crimea is expected this week. meantime, los angeles rattled by a minor earthquake this morning but it had one local newscast making news of its own, mandy. >> this face says it all. the story behind that face next. [ male announcer ] this is kevin.
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to prove to you that aleve is the better choice for him, he's agreed to give it up. that's today? [ male announcer ] we'll be with him all day as he goes back to taking tylenol. i was okay, but after lunch my knee started to hurt again. and now i've got to take more pills. ♪ yup. another pill stop. can i get my aleve back yet? ♪ for my pain, i want my aleve. ♪ [ male announcer ] look for the easy-open red arthritis cap. ♪ ♪ ♪ [ tires screech ] chewley's finds itself in a sticky situation today after recalling its new gum. [ male announcer ] stick it to the market before you get stuck. get the most extensive charting wherever you are with the mobile trader app from td ameritrade.
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wherever you are with the mobile trader app ido more with less with buless energy. hp is helping ups do just that. soon, the world's most intelligent servers, designed by hp, will give ups over twice the performance, using forty percent less energy. multiply that across over a thousand locations, and they'll provide the same benefit to the environment as over 60,000 trees. that's a trend we can all get behind.
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time for some st. paddy's day fun. >> in honor of st. patrick's day, let's look at beer stocks. these stocks have been on fire over the past year. boston beer up 50%. kraft brew alliance up 100%, but keep in mind it is a small cap with a market cap of just under $300 million. now, according to ibus world about 1% of the year's annual beer sales occur on st. patrick's day which comes out to roughly $278 million. brian? >> all right, seema, thank you. meantime, los angeles jolted out of bed this morning when a magnitude 4.4 quake struck just before dawn. it rattled a few nerves.
quote
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on the sets of local newscasts as well. jane wells? >> reporter: brian, it's how we roll out here literally. the usgs is now saying that the early warning system for this quake actually worked. they found out the quake was coming a few seconds before it hit which was too late to let the rest of us know. >> coming up, more problems -- >> earthquake. we're having an earthquake. >> ktla anchor chris schauble's face told you everything you need to. this is the strongest quake in the city of l.a. in four years, but at 4.4 it's considered modera moderate. it was under the santa monica mountains which was an area that surprised seismologists because it's been quiet. the quake has now been nicknamed on st. paddy's day by perez hilltop as the great shamrock shake of 2014. >> it was kind of scary. we ran out in the morning. everyone is naked standing on the porches. >> i was thinking get up, let's get out.
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our building is old and we live in los angeles. >> you know it's coming sooner or later. we don't get up anymore. we don't rush anymore. we stay in bed. >> and now we stay in bed because that's the safest place. why do you want to run out? >> put the pillow over your head and wait. >> put a pillow over your head. people out naked. hey, it's another morning in l.a. fortunately, wi-fi and cell signals were still working because celebrities were tweeting up plenty. from kim kardashian. earthquake was scary, question mark. we're all okay though. anyone else feel it. it was retweeted 600 times. from nicki minaj. that was the scariest earthquake this little new york girl ever experienced in calli unbelievabe this time. aaron green, quote, i just figured the neighbors upstairs were getting to it, but it was a little more vigorous than normal. back to you. >> was that old german couple the neighbors upstairs because
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he's just like let's just stay in bed. >> let's put a pillow on that. >> i grew up in los angeles. they'll criticize the news anchor for jumping under the desk -- >> he did the right thing. >> that's what you're supposed to do. >> there's a different signal. you have the fire alarm and earthquake alarm and they're different sounding. >> well, and, look, he's got all these lights over his head. look straight up, if that thing was rattling and rolling, you'd be an idiot to say in your seat. >> the same thing in japan when i lived in japan and we'd do earthquake drills. first thing you do, under the desk and hope the desk is strong enough. >> or put a pillow on your face i guess if you're in bed. >> maybe. jane, thank you so much for that. should we take a very quick look at what the markets are up to? we were at one point on the dow up by 204 points. now we're up by 182. so off the session highs but still got a good rally. the best day for stocks in almost two weeks despite all those headlines out there that keep bouncing off the markets.
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>> it is the resiliency of this market is pretty interesting. jim cramer wrote over the weekend, there's a lot of froth in this weekend. jim is nervous, other people are nervous. "the closing bell" will have a lot of people on to see if they're nervous. we'll find out. >> thank you so much for watching "street signs," everybody. "the closing bell" is coming up right now. yes, welcome to "the closing bell." i'm kelly evans here at the new york stock exchange where the dow is up, bill, almost 200 points at this hour. i'm bill griffeth. now, this is the way to break a losing streak. the dow riding five down days in a row last week, but with an hour to go industrial average is up 182 points. now, do we say it's in spite of the crimean referendum or because of the crimean referendum? it's hard to say. it's hard to say

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