tv Street Signs CNBC July 29, 2014 2:00pm-3:01pm EDT
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obviously for economic data, we're going to get a gdp number, the fed tomorrow, also on friday the unemployment number and auto sales. there's a lot of data to go through, kayla, on top of the earnings which have been part of the narrative this week. >> not a week for vacation, that's for sure. >> thanks very much. that will do it for "power lunch." >> "street signs" begins right now. -isha might be hit with even more sanctions as earnings take center stage for stocks. hi, everybody. then hat dramatic video of israel's strike on gaza's only power plant. and what yelp just did to make every restaurant owner nervous. welcome back. >> good to be back. before losing it all, we have,
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of course, come back a bit since then. and the nasdaq is also trying to avoid what could be -- in 4 1/2 months. exactly right. the u.s. and europe stepping up sanctions. they start the financial and energy sectors, now we have some new details that have come to the -- joining us with them. the european council has been issues prell releases furiously, and they'll start a briefing with reporters there in brussels. they want to limit access to the capital markets for russian state-owned banks, they'll impose an embargo on trade in any kinds of arms. they're going to establish an export ban for dual-use military goods, and curtail russia's access to what they call sensitive technologies, particular any field testify the oil sector. how will they do this?
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they've gotten very specific details, where they say you are no longer able to buy, sell bonds, equities, any kind of brokerage with anything with a mature exceeding 90 days in any state-owned bank. thee thee also deny licenses for arctic drilling, shale oil and deepwater drilling as well, and deepwater exploration. these are two big sectors they're going after very hard here. >> and of course sanctions so far have not had a meaningful impact. they haven't made him back off in in i way. is this finally putting the screws where it really hurts? it's -- and we've seen the russian stock get hit. remember, it recovered fully does that hurt him enough personally?
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we don't know, right? >> here's the caveat. effectively the sanctions try to ban russia from the bond market. >> raising capital, absolutely. >> that's in europe. if there are enough chinese, venezuelan, cuban buyers of their debt, it won't mean anything. >> that's right. the cubans have no money? >> michelle, you get my appoint. >> i think this if youfound love is way overstated. right the middle war a few times. and to think that china has the next technology that europe could sell them? absolutely not. >> they could rely on china as much as they would want.
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>> it remains to be seen. no cease-fire in israel. hamas is denies reports it agreed to a 72-hour cease-fire today. meanwhile, the electricity supply was cut off today after israeli tank fire hit the fuel depot of the let's get to martin fletcher, who is in tel aviv with more. >> reporter: mandy, there was some talk about that today, about you we checked with the army and twice they confirm there has no incursion by a tunnel into israel today, so that's the way that stands. we do know the israelis are very concerned about the tunnels. they say they'll need at least another week to try to destroy the rest. i have to say it's very unclear,
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i don't have a clear answer right now. hamas, the palestinians at one point during the day made an announcement that all the palestinian factions had agreed on a humanitarian cease-fire to begin for the duration of one day. pretty soon after they made the announcement, hamas came out and said no, we don't agree, so there's some confusion between the palestinian parties. then israel said they were considering a cease-fire. that was denied by other parts, sos in a completely confusing issue. it doesn't seem that either israel or the palestinians particular, or particularly the palestinians in gaza, are particularly keen on a cease-fire. israel is laying down conditions, they won't agreed to a cease-fire as long as hamas rockets, and hamas mass a similar demand.
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so each side is demanding quiet before they agree to a cease-fire, so there's real confusion. the only thing we are sure of is fighting is continuing and intensifies. at least -- let's get to the markets. the great debate seems to be this -- will the grand monetary experiment end well or end in tears? for investors, steve liesman is here with the results of the latest cnbc exclusive fed survey. >> i was surprised by the answers. i nigh there were differences of opinion out there form here's what we get, folks. 34% say badly, 34 say smoothly, and about a quarter say the odds are even. so you really divide that, and you get a 50/50 split in the
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market. about how all this ends. we define badly as recession or a big market crash or inflation. now, when it comes to the fed's monetary policy, almost half say it's too easy. 43% say just right. not very many saying it's too tight, but there is agreement on the tapering pace, about 72%, three quarters, higher than the last survey, say the fed is tapering at the last pace, with just 19% down from 40% just about a 37% saying that the fed is going -- should be going faster. finally one other thing, the fund forecast up about 30 bits. it looks a lot higher. and it's also in-line with where the fed funds market is right there. so everyone thinks it will end badly, but currently a good amount of agreement. >> some of those questions were
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like the gold i lock says scenario. >> exactly. it's a periodic basis. >> but what do you, steve liesman think? >> i think the fed has a chance to get out of this in a smooth way. it will be an exquisite series of ballet moves to do so, and it will require an awful lot of help from global pricing forces to keep inflation down. if that's the case, the fed has room to be wrong. almost certainly it's wrong. the only question is by how much and what are the effects of it? >> i have like a big hamburger, two beefs with this piece. and they're both polite -- >> there's cheese on it? >> i wish. i'm so hungry now. how does anyone know the proper rate of tapering. we've never been here before. will evel knievel make it over the snake river canyon? i don't know, it's never been done. when we saw "end badly," what
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does that mean? if bond yields go up my folks and other retires and mr. greenberg will finally be happy, because they get risk-free return on their money. >> i don't care if this group is right. what i care about is what this group or what the market believes about the future understand how it might be affecting their behavior today. i think it is significant. >> that's way too good of an answer. >> i think it's significant, brian, in anybody's book that 34% or a third of the market, even gross it up to half of the market don't have confidence in the federal reserve. that speaks to me, brian, of the need today for the federal reserve to talk more explicit by about the strategy. this survey says that yellen and the fed may have a problem right now.
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if a third think it's going to end backly, a third are holding back on the kind of aspirational or expectational kind of -- >> does that answer your question, sir? >> it does. we're still speculating on something that's never been done. >> but people have to make choices right now. >> great hit, steve. >> next time you can do it on a tape and we'll just press play. >> no, no, i enjoy brian. >> we're both exhausted from "squawk box" this morning. u it looks like i might have to carry both of you. tomorrow we'll be back and live, all happening at 2:00 p.m. eastern. we'll also have an all-star panel to brack it all down.
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mark, let's talk about this. you hear steve's piece. steve had an excellent rebuttal there as well. when you invest your clients money, are you making assumptions about what the federal reserve may or may not do? if so, in which way? >> first thing i'm struggling with is the picture of janet yellen in a tutu out of my head. the answer is no, we're not making forecasts on what the fed will do and how we're valuing a business. we're like a private equity shop. we could a meaningful discount. in this environment, where credit is so cheap, prices are very high, in our opinion. when you have high yield
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spreads. yields at 5.5, and multiples on russell 200 those are high prices. i think it will be interesting. i don't know what's going to happen. i think it's hard to tell, but we've never never been here before. >> you wouldn't be surprised if we backed up a bit, but you've also got some powder dry. what would you be buying on a dip opportunity? >> mandy, we haven't had a good undertow since this time three years ago. the downgrade we had some downed 3%, 4% days. since then it's pretty much been straight up. we're always looking for a high quality business, somewhat boring, generates a lot of free cash flow in a nondemanding multiple. hopefully over a two to three-year period.
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>> well, wen -- a 43-year-old news anchor. >> too late. >> darn. we'll go to that one later implts you know herb greenberg han all over this company and not in a good way. i like herb, so maybe we could have an interesting conversation, but if you look at this company, it's gone from 200 million in sales to over 2 billed on, the insaid base of mention is likely to detect the next five. and so we'll see, but i think they can show better outcomes with this robotic surgeon rid.
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and also i get even the efficacy, whether or not it's even worth using that system, are they behand it? >> i think they have proven the efficacy of these mention in improving outcomes. so i'm of the belief they do improve outcomes. that could make you a big or two? and four, five counties in western north dakota. so they've got something like 2,000 different wells, they have a participating interest in, and the share's in the mid 15s,
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maybe it's worth $20. there is some leverage and i i'm sure people think in commodities come down, the equity will get crunched. >> and it's like a royalty business on the bakken shale. >> a real pleasure. maybe we will get you on with herb one day. >> i would love to. thank you. the hottest telecom stock at all is an old-school land line company from arkansas. we'll tell you why. >> the united states of debt. frightening new numbers, how many americans are being targeted by debt collectors. is this news as bad as it looks? we'll dig in. ster than ever, we believe outshining the competition tomorrow
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of telecom. what do i mean by that? copper and wire line assets being pushed off into a reit. windstream is up about 14% on this news. this is the first time the i.r.s. has put a favorable ruling out for these types of assets to be spun off. this could set a precedent for other telecom companies to do the same. that's why we're see frontier, centurylink, at&t, and verizon, all up a bit. >> then a little old company in arkansas where my grandma used to run a restaurant. then the sexy stuff, t mobile's fight with spring. windstream has put them all to shame in terms of return. good for them. >> definitely. the other thing to look at, though, is wireless. the story today is wire line, but moving into the rest of the week we'll see more attention with wireless with spring and t
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mobile reporting earnings. don't forget last night t mobile came out with a any family pricing plan and saw strong words from john ledger. he said, at&t is sinks serious dough into marketing, the latest family pricing which strikes me as funny. their deis no deal at all. the best pricing for families is, quote, a joke. a lot of pricing competition there as well. >> morgan brennan, thank you very much for the report. even though the telco might be burning rubber on the s&p, it's still only up about 8%. utilities, energy, health care, it's about sort of the middle of the road, but today it's leading. >> to my point windstream holdings up about 60%, at&t up 2%, verizon up 1%. go windstream, a company that was forgotten.
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>> it has winds beneath its wings. i hate that song. sorry for bringic it up. more than anything. a new report by the urban institute says 1 in 3 americans are currently being started by debt collectors for unpaid bills. let's get behind that headlines. lynette cal fanni is here with us. is this overblown? >> i don't think so. i think we probably have more people in trouble financially struggling, dealing with debt than this report might indicate? >> why? >> well, for one thing, i think we have to look at people who do alternatives to loans traditional loans, people who get payday loans, they didn't track 1/2 that. the unbanked or underbanked, they didn't track that. and people with traditional credit, they have alternatives. they can get 401(k) loans, tap their home equity lines, before they go to a traditional credit card or personal loan. >> here's why the data may be right, but be misleading.
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a lot of us out there have forgotten about a $3, a phone bill from our past, a $20 dental bill from a dentist we left, and then they submit that to a credit collection agency, we have no way to know that until we get the notice. by then it's too late. couldn't the statistics be a little misleading? >> a little bit, but this isn't the only research we should look at. one of the survey findings waust most of the women say i want to get out of debt. that's really important, because a lot of women these days, we're the ones managing the household budgets. 44% of the women according to this survey. if you look at it, americans know we have a lot of debt to deal with, and we're trying to do something about it, especially people who are the breadwinners, and know there's a mortgage to pay, a student loan, allo note, all kinds of debt. >> i don't want to sound like my
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grandpa "in my day" but there were a lot of times that people didn't take on so much debt. the pursuit of the american dream has led to this. >> i think so. two biggies, getting that home and the survey that they talked about, how mortgage debt was the biggest chunk of debt. >> do you know why grandpa didn't get into debt? because grandpa couldn't get credit. as soon as credit became easy -- ford owned the united states car mark until a little company like gm, which is a mid packer decided it would offer something never heard of, credit. and people borrowed because they can. let's think about it, it's not just that the basics are -- what about the rise of the internet? the celebrity culture? what about the bling bling lifestyle? >> you no el what my buddy calls them? he has a great name. >> some people say i deserve it, i should have it.
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>> alternates offensive. my friend calls them $30,000 millionaires. it's people driving an m6 bmw and i have friends of mine -- these are good friends of mine, i love them to death, but you know who you are, you shouldn't be driving that car, buddy. he's like no friend -- >> it's not just the low to moderate income. think about your audience and the viewers. there's no level of income that can't be outspent. if you're spending $200 thousand and making 100 or spending $400,000 a while, you'll be broke and in debt, too. so it's about managing what you do have and not living above your means. >> you can say that until you are blue in the face, and australians are just as bad. i want that on the record. i'm not bashing americans.
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we are just as bad. thank you very much, lynette. we're still above our session lows. beginning of the day, but good consumer confidence number up by 73 points. it's arguably the biggest earnings report. who is it? >> i could argue it's not the biggest. twit twitter what would you say is the biggest? >> anything but. bargain hundred dollarsing on america's billionaire beaches. "street signs" will be right back. in new york state, we're changing the way we do business, with startup ny. we've created tax free zones throughout the state. and startup ny companies will be investing
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too. normally we talk earnings, we talk revenue and eps. and sure you don't want to miss here, but just beating a bit might not be good enough here. for example, the last quarter they reported 255 million monthly actives. meanwhile, facebook recently reported 40 million more than before, and they're already huge, at 1.3 billion. we have to see what twitter can do, also given their full-year guide on revenue is 1.2 billion to 1.25. >> there's skepticism, it seems, on the street. when they released the may estimates for maus, that wasn't received very well, so some people were extrapolating. they were no lopper given the access to the apis, and project the projections out for june, it comes about half of consensus
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stilts, which is really frightenifrigh frighteni frightening. the expectation is close to in-line with the rate. they want to see an acceleration, but you also have a new cfo, anthony notto, well respected. maybe get a different comp set up versus facebook, which is just the 500-pound gorilla. you don't want to be compared to them. >> this is expected to be very volatile move after the bell. >> this is a company that does health care in the cloud and does transparency tools. huge, huge reception as far as their ipo back in march. it was up 140% on its day, because they're really in the sweet spot of what employers are looking for to try to get us all to be better consumers of health care, but boy, has the street soured on this stock. it's not 12% below the ipo
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price. what i'm watching for this afternoon is to see if they can continue that growth momentum. they're expected to lose a sdwlar this year. if they lose less today, that would certainly be encouraging, but they need to grow those numbers in terms of adoption. they have a big competitor in terms of united health, which is one of the insurers not participating with them, so that's a bit of a headwind. >> i'll be watching panera. there have been a couple high flyers. pa northwesterna is just off the a two-year low on the stock. compare that, by the way to the other big restaurant report we are expecting. there's a lot of expectations for buffalo wild wings.
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they expect a world cup boost. >> which bird flies higher, twister or buffalo wild wings? >> jon fortt with a zinger. on that note -- >> all that talk about el pollo loco is just crazy. >> and chick ens don't really fly. >> great job. we are just getting word in that the position will make a statement on the utrain in about 20 machines. obvious we will take that in a few minutes. commenting on ukraine. just getting word in now, in about 18 minutes' time. why u.p.s. earnings miss could be a good sign for the economy. we'll explain. >> plus our own phil lebeau is raising a red flag over consumer reporters' demand for a car recalling. he'll join us when "street signs" returns.
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that's why i always choose the fastest intern. the fastest printer. the fastest lunch. turkey club. the fastest pencil sharpener. the fastest elevator. the fastest speed dial. the fastest office plant. so why wouldn't i choose the fastest wifi? i would. switch to comcast business internet and get the fastest wifi included. comcast business. built for business. stock news, views and analyst recommendations. the first one costco getting an upgrade to buy, and added to goldman sachs conviction buy list. getting a pop on that.
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goldman says she expect earns growth to reaccelerate. that's about a 13% up side, right now about 16% since yesterday's close. stock number two, tech firm microstrategy getting an upgrade to market, outperform. >> the target there, though, 170, bl 11% above the current trading price, but way above the average target of wall street analysts. most of wall street doesn't see any more gain in microstrategy. jmp begs to differ. they're bullish on mstr. sally beauty getting an upgrade to buy. >> the pride of denton, texas, 52-week he way 31.83, so not exactly a ringing endorsement. and stock number four
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juniper networks. it's good for 0.7 of a%. >> not bad. bernstein saling the potential turnaround exists, revenue risk already priced in, the target at $30 a share, about six more bucks of up side. do keep in mind this was nearly a $30 stock already back in march. >> and the under the radar name of the day is matador resources, an independent energy company getting an upgrade the. >> yeah, no bull. this is a story that operates in south texas, and wyoming, based on the attractive growth potential. this is incredible. matador produced 900 barrels of oil a day in 2007. they're now at 12,000 barrels. 900 barrels a day in 2007, 12,000 barrels a day now.
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>> incredible. that's growth. look at that, one year up 114%. >> wow. we've got talking numbers now s. >> we do it of day. let's talk u.p.s., missed earnings. andrew, i guess my thesis was this -- when a company miss earns, you get concern. u.p.s. is say they will take money and invest in projects. any company reinvesting in growth of their own business to me is not a negative. how dao vu it? >> i tend to agree with you. we like transports a lot. we think the fact that the market leadership in here bodes well for the economic recovery in the second half. we do think the data is picking up. we think transports is going to be the place to be, even though u.p.s. missed today, they did say they're investing for what
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will be a good e-commerce season, holiday season in the fourth quarter. that's all good for the transports in general. i would say they are better names in the transport industry we would rather be in than u.p.s., but as a theme i think there were good things even in the miss. c.h. robinson will report after the day, and u.p.s. has been a downward disappointment for the better part of 2 1/2 years. >> okay. the charts, sir, richard, what are we looking at? >> mandy, the technicals are rapidly eroding. andrew alluded to the strength in the transports, but keep in mind while the dow transports are up over 11%, p.s. now down 10%, that's horrible mandy. it takes us back 19 months. that was the last time the stock was beneath the 200-day moving average under today. that's a compelling selling
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signal. when you zoom out and look longer term, it goes from bad to worse. what we have here is a stock well above the long-term trend. i'm using that 150-week moving average as the proxy for that trend. it held two times over the a past four years, i think we retest it, that textbook double top, that tells me this stock's best days are behind it. you want to be a seller right here. this stock will trade $85 and retest that 150-week moving average. that's $15 down from current levels. i am a seller right here. >> thanks very much to andrew and rich. be sure to check out the downline edition in partnership with yahoo finance and our good friend, mr. sullivan. on deck, it is consumer reports in one corner, toyota in the other. why the magazine's call for a recall is attracting our attention. later on, uber is continuing to march on. we'll take you live to the front lines where uber is posing a
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earning coming out after the bell. ceo dick costolo is on "closing bell." i understand you will be taking viewer questions, too. >> they can tweet their questions to us. snap chat your questions to dick costolo. >> i'm sure you have questions, brian, you think this is the most important earnings report out -- >> no, he said he didn't. >> i could smell the sarcasm from across the river, bill. >> why isn't it? this is an up-and-coming social network. >> is it? >> well, isn't it? >> no? i don't think so. look at the user staff. >> that's my point. it's not saying twitter is not a great company, but we are in the self-promotion bit.
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there's a market cap greater than the new york stock exchange and international paper. they have to justify that somehow. that's all. >> that's after a weak performance so far this year. they have hardly rallied on the hopes of more expansion, so it becomes how many pressure is on this company all el know people will talk about their mobile ad business. >> what are you doing at 4:00 eastern time, brian? we could use you. >> i will be listening to "closing bell" on sirius/xm as i head home, because i was on "squawk box." if you see my sleeping on the side of my road, send help. >> how done hold the meanies and haters accountable. >> see you at the top of the hour. nymex mass a quick check on the oil. hi there, jackie. >> oil prices continue to climb on both sides of the atlantic. west texas intermediate, 109.97 a barrel, very close to that
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$100 mark. again here brent crude under $108. john kilduff telling me more sanctions on russia has a different impact than everybody is seeing here. the fact that we could see that economy suffer also the eu, the greater global economy could bring oil demand down. to add to that, no major issue in terms of supply as a result of what we are seeing geopolitical, nothing really out of iraq or out of libya, and also the conflict in gaza not impacting supply as well. take a look at the charts for wti. even though we are up about 2.5% year to date it's down about 1.5% in a week, so we have come down quite quickly. i want to point out this is good news for consumers. gas prices have come down. aaa reporting the national average is $3.51. that down 16 cents in the last month alone. guys, back to you. >> jackie, appreciate it. thank you. "consumer reports" quaulg
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for toyota to recall certain years of the camry hybrid, but something unusual happened when our phil lebeau checked in. you can tell them what that was. >> i'm not sure if something unusual happened. toyota acknowledged there's a problem with the power brakes with some cam are is. camry says. "consumer reports" quam out with a piece say toyota so recall the camry hybrids, 2007 to 2011 models that have a couple issues with their power brakes. in issuing the recall, they wrote that "consumer reports" believes that toyota should recall the calls, what is at sure is acknowledged defects in a crucial safety system. toyota says we believe our action toss address this issue are appropriate. we are continuing to operate with ntsa in its investigation.
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toyota has issued a safety bulletin campaign. what's at had you is, should it be a full recall? "consumer reports" believes that it should be, toyota says it shouldn't be. we'll see this with a lot of auto makers, where they say we've got enough, as opposed to a full recall, which means telling the public, sending out notices, which is closestlier and more involved process. at this point toyota believes we're repairing the vehicles, taking care of this, we don't need to do a recall. interesting stuff. very quickly on this day, gm baud cadillac, the luxury brand at the time for the princely sum of $4.5 million. i wonder how much it would be today >> more. >> more, but we don't have time to discussion it. the latest round in the millionaire summer lplayground.
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which would you choose if money was an object? jane wells and robert franks do their sales pitches, coming up. (trader vo) i search. i research. i dig. and dig some more. because, for me, the challenge of the search... is almost as exciting as the thrill of the find. (announcer) at scottrade, we share your passion for trading. that's why we rebuilt scottrade elite from the ground up - including a proprietary momentum indicator that makes researching sectors and industries even easier. because at scottrade, our passion is to power yours. thank ythank you for defendiyour sacrifice. and thank you for your bravery.
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so, we've been showing you all day here on cnbc the summer playground for the rich, on the east coast and on the west. but this is a little different. it's still malibu and the hamptons, but it's cheap! robert frank and jane wells are with us. who knew there's cheap out there? let's start with you, jane. what have you found? >> reporter: well, i'm at the other one right now, this pool house with 1 million sea shells will set you back several million dollars, in fact, the entire estate is on the market for $54 million, but it's reported that the median sales price in june for malibu was shy $14 million, down 13% in the year. and have i got a deal for you. roll the videotape. steps from the beach, for $375,000 is a two-bedroom, 1 1/2-bath mobile home. je yes, there are trailer parks in malibu, but not trailer trash. the 800-square-foot home has a deck, ocean views and is nestled on par duce cove, once a nude
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beach, for $375,000, and your property taxes start around $3,700 a year, can only grow 2% a year. i have to first show you my favorite part of this compound. even though you've got all the ocean, they've got an incredible garden in here. if you buy the mobile home, your homeowners association fees are going to be $1,700 a month, perhaps more than the mortgage. and i don't think the hoa will let you rent it out on air b&b. otherwise, mandy, i'd start passing the hat. >> i think i speak for all of america right now, jane, when i say jump in. please don't. >> she might have to do "closing bell" wet and soggy. >> that is a spectacular pool. >> it is. >> that's malibu. i'm biased. robert frank, you have a big job to do to beat that. >> next to malibu, the hamptons is actually affordable housing. the average sale price for a home here $1.6 million. we set out to find the cheapest
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home in the hamptons and here's what we found in east hampton. it's a two-bedroom, one-bath. it's got wood floors, marble, new siding, a beautiful porched-in deck and it's a mobile home in the oak view mobile park for $199,000. now, the land is not included, like jane's house, you pay an association fee, but ours is only $680 a month, and broker john brady says he's getting tons of calls on the home. most people just asking whether this is a hoax. >> especially that it's east hampton, you know. most of the times they get inquiries where they just want to confirm that this is actually a mobile home, because they can't believe the price, they can't believe the things that went into it. so, half the inquirers are like, just please confirm that this is true. >> now, guys, just for context, you can't even rent a lot of places here for $200,000 a month or let alone buy one, so this was an amazing deal.
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the next highest price up is probably $400,000, so this is a deal. >> the next question, okay, you guys have basically found the rare diamonds out there, the cheapo, excellent deals in otherwise very expensive locales. but, like, how rare is that? did you, like, literally have to scour the whole area and found one, or are there a number of others sort notify that price range? i was going to ask you that, robert. >> reporter: yeah, there wasn't. i mean, the next lowest house we found was $400,000 and change. so, i'm just shocked this thing hasn't gone yet and the broker says he's got a lot of interest. they're going to do this home. they really redid whole home, then they're going to do others. so the next highest home is twice as much. this is rare. >> and there's absolutely no catch? >> reporter: yes. >> okay. jane? >> reporter: well, out here, you do find some homes in that price range, but they're always in the mobile home parks and there's only a couple of them. you know what i find amazing? that any of those ever go on the market, and there's always a couple here or there. i can't believe, someone must
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have to pass away. why would you ever sell a year-round home in paradise cove for $375,000? >> it's a dog gone good question, jane. and we don't have the answer, or at least the time for it now, but i'll tell you what, it beats commuting on the 91 any day. jane wells and robert frank. you know what i'm talking about, jane. >> thanks, guys. >> thank you very much. just a reminder, we are waiting for the president. he was expected to speak about five minutes ago from the south lawn at the white house to address the situation in ukraine. again, scheduled for 2:50. it's 2:56 here in the east, so we're waiting on the president. could certainly happen at any time, so what we're going to do now is artfully stall. it's a tv technique where we eat time by talking smart stuff. >> you know what we're going to do? we're going to go to break. the commercial's going to do the stalling for us. >> i was literally going to give the secret ingredients to coke to our audience, but now we have to go it break.
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call or click to open your fidelity account today. we're awaiting a statement from the president on ukraine. cnbc will carry it live as soon as it starts. >> yeah, so, here's the question, by the way -- is video on yelp -- yelp announcing that video, short clips would be allowed to be on viewers' yelp reviews. is this a great idea, mandy, or the worst idea ever? when you talk about reviews and the stress of being a restaurant owner, i can just imagine owning a restaurant now and having to worry about every little thing people put in a video and on yelp. what do you think? >> i would also be concerned that a competitor might actually be, i don't know, underhand
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enough to bring in, for example a cockroach and then video it. >> drop a couple on the ground. >> it opens it up to ill deeds, put it that way. >> what do you think? we'd like to hear from you, but we are going to hear from president in a couple minutes time. >> thank you for watching "street signs." "closing bell" is coming up next. see you tomorrow. >> and welcome to the "closing bell," everybody. i'm kelly evans here at the new york stock exchange. >> and i'm bill griffeth. a see-saw market day. the dow was above 17,000 for a time this morning, up about 75 points, but it fell off after the official announcement about eu sanctions against russia, which we're going to talk about in a little bit here. that put us back into negative territory, back below 17,000. so, we're watching this as we go through the day. then we get a flurry of major earnings that could change everything when they hit the tape about an hour from now. look athe
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