tv MONEY With Melissa Francis FOX Business April 24, 2013 12:00am-1:00am EDT
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and ken feberg is year. only here. tomorrow. melissa: i'm melissa francis and here's "who made money today". investors with low buy limit orders on the dow. the associated press twitter account was hacked earlier today in case you didn't hear. a fake tweet reported that the white house had been attacked and investors sold first and asked questions later. the dow was trading around the 1414,700 mark before it happened. it plunged. 14 points in two minutes before snapping back. if you h a buy order for a dow index fund in the lower range, that dip you s there, you made money. also making money, carl icahn the billionaire investor owns a 9.9% stake in netfli is reported a surprise surge in new subscribers last quarter.
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netflix shares soared more than 24% on the news. that means icahn net ad one-day gain, wait for it, $236 million. wow! nascar driver juan montoya making money from an unusual source this weekend. they will be his new sponsor of the sprint russ race saturday. clearly when they say it's not it is always about money. melissa: our top story tonight, apple earnings are out. their conference call is getting underway. let's go to adam shapiro on the breaking news desk. what are you hearing? >> real quick, apple after-hours is trading up almost 4%. something investors liked on this earnings report. they beat the street came in $10.09. street was excting $10.
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revenue was a big beat. it was 46 billion. the street was expecting 42.31 billion. here is the big thing. they have $145 billion cash on hand. they will return some of that money to their shareholders. they're hiking the dividend, melissa from $2.65 a quarter up to $3.5. announced a continuation of the multishare buyback program -- $305. that will raise the stack in after-hours. get down to numbers that you can relate to. do you have an iphone? someone does because they sold 37.4 million iphones in the quarter compared to 35.1 million in the year ago quarter. to put it in perspective in the christmas quarter a year ago, when everyone is buying holiday gifts, this he sold 37 million iphones. this quarter they, that we're reporting they sold 37.4 million. it is not even a holiday season this is reflecting. iphones still t. 19.5 million ipads sold during the quarter. that compared to 11.8
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million in the year ago quarter. this is all good news for apple which has been under some pressure. the stock continues to trade. it is up almost 6%, trading right now if you had the money your pocket, $429. that is roughly the bid. tomorrow if this continues you can expect those shares to be up, melissa. melissa: we will see if sticks. hang on, adam. i want to bring on adam lashinsky who wrote the book inside apple. he is a fox news contributor. you've been following apple for a long time. there is a lot to sink our teeth into here with apple. what do uuthink about this? because adam shapiro was painting a pretty rosy picture. i think the stock is jumping a lot on increase in the dividend, 15% we're looking at increase in the share buyback program, blowing it out to $100 billion. that was an incree of 50 billion. i don't, there is bad news in there too, right? >> sure. there was some bad news in that they are significantly lowering revenue and
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earnings guidance for the next quarter from what wall street had been expecting. melissa: right. >> that shouldn't please anybody. i think all of the increase is attributable to the increase in the cash they plan to return to shareholders. melissa: yeah. >> there is wonky point that adam didn't mention which is they mentioned in their earnings release they are going to take on debt although they haven't said yet how much and exactly how they're going to do that. this is very significant for apple watchers because steve jobs hated debt. and the fact that they're going to do this tells us that they're firmly in the world of modern financial cash management and they intend to borrow money at very lo rate which is very smart thing to do. melissa: no, th is interesting. we also saw that this is their first decline in year-over-year quarterly earnings in a decade, net income fell 18% to $9.5 billion. if you look at the comps they're not all that rosy and the guidance is lower than expected adam shapiro your thoughts on that? >> one thing with regard to
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guidance, people said what we're witnessing is trading on previous quarter. guidance number that stuck out, gross margins keep falling. melissa: great point. >> causing more money to produce these items. they're trying, sound like borrowing money very low rates trying to protect that cash hoard, what is it, 145 billion that they're sitting on. melissa: adam lashinsky, i don't want to rain on their parade here and the stock is moving higher in after-hours but i think when you really drill down on the numbers to me it feels like it is a direct response to the share buyback and to the dividend increase and i wonder how mu staying power this price has? maybe you take your winnings here off the table here on this bounce? >> well, i agree with everything you said up until that point. melissa: okay. >> which is, remember, this was an incredibly inexpensive stock. for one of the most successful companies in the world, apple was trading as if it was a broken company which it is not. a comparable multiple to hewlett-packard, which is absurd. so you know, whether or not they can hold onto it, i
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don't know. what wwuld make it go higher? thenswer is not declining margins. not declining profitability. some new blockbuster product whic we shouldn't expect to hear anything aout today. >> adam shapiro. david: maybe just a more maturitied company that doesn't see same kind of explosive growth. that isn't able to hold onto incredible margins but a killer in its space? >> i would go to car analogy. rolls-royce, bentley, they make fewer companies than other companies out there but they make the most coveted cars on the planet but make huge amounts of money with small numbers. tim cook is coming out of the conference call saying acknowledging that the growth rate is slow. adam lashinsky is the expert. where are the new products? we have been waing how many years for the apple tv or itv, whatever it is. everybody is expecting a hot
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big explosion to light a fire under the stock again but doesn't sound as if it is really coming. melissa: adam lashinsky what are your thoughts on that. >> this is one of my favorite topics. you're absolutely right but i will answer the question, factually, adam, it has been precisely three years since their last blockbuster product. that is not a terribly long time in the grand scheme scheme of things. melissa: we all know exactly what has changed. it is tim cook and it is steve jobs. that's why it hasn't been too long as you would say in terms of time, for investors they get very nervous. don't see the same guy in the black turtleneck. >> they're in war and competition with samsg and samsung's latest smartphone hits store sales in the united states on thursday. >> yeah. >> is apple in defensive mode? are they still in a kind of a offensive mode?
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>> you're both asking the right questions. i believe they're in offensive mooe. i believe, i am cerin that they're going to try to come out with some, something fantastic. i don't know when. i don't know what and i don't know if it will succeed. if it succeeds we'll look back on this to say, oh, they didransition just fine and investors were worried over nothing. if think fail it will be a lot worse than what we're seeing right now. right now we're seeing a pause before that effort. i prome you that effort will be there, because if it isn't, then they aren't apple anymore. melissa: adam shapiro thanks so much. we'll come back to you for more news on apple as it breaks because i know that call is going on right now. when we're not in your ear, that is what you're listening to. meantime despite apple taking more than 0% dive from its all-time high back in september other stocks r the most part are having a great year. some say if apple keeps slipping it could scare retail investors away from stocks all together. that is lot of power.
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let's add spencer patton from steel vine invests into this conversation. spencer, how do you feel about the stock after the numbers? >> i've been pleased with the reaction in apple. i think the sentiment has finally switched all the way to be as negative as possible. everybody is down on apple as much as you really can be considering about a third of the company's market capitalization is in cash. this is a good time in my opinion to look at apple shares. i think you have more upside here to come because apple has a lot of catching up to do. it is still down 25% or so this year whe the broader stock markets are up 10%. melissa: are you still feeling that way when you look at price in after-hours? it is next to you on the screen and it has jumped 20 bucks. >> yeah. melissa: you think people who didn't buy before this earnings call lost out or would you get in when the marketpens tomorrow? >> i don't think it is too late. sometimes you get a big pop you have a little bit where the stock comes back in some
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but you look how far it has fallen. just the price where it was 10, 14 days ago? it is not too late to buy in at this point. you have apple behind you implementing bigger share buyback program. that makes me feel forever. i'm waiting forever for tim cook to do something. he is standing around while the house is burning down around him. this is disgraceful. melissa: do you think he has done something? because all he bought done is bought back stock an increase dividend. anybody can do that. >> it is bare, bare minimum. he is comes into charred remains of come back from the stock price and suggesting a cup of cold water on the problem. this is the bear minimum he could have done, if he didn't do this he would be fired. unquestionably he would be out. melissa: adam lashinsky are you down on tim cook as spencer is? >> well i think some of what spencer is saying difference in our approach. you're interested in the stock. i'm not. there is no burnt charred
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remains of this company. melissa: talk to me about him as ceo? >> we don't know the answer. i mean that very seriously. he has been ceo a little over a year. they have not done anything major yet but that in itself is not an indictment. he is no steve jobs. nobody is steve jobs. wee going to need another year or two or three to find out if tim cook is up to the job in my opinion. melissa: so, spencer are you willing to give him another year or two or three? how much does the stock have to appreciate between now and then for you to continue to be in the game with it? >> yeah. i think during the last piece there adam was talking about being firmly in the modern financial era is that companies have to exist in the modern financial era and the price is down 40% since september. just in six or seven months. we can't give him that kind runway. he has to show -- >> those are two different things if i may. the fact that the stock was up 40% when it was is, people like to forget about
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that. this stock was bid up by people who made a mistake and they got it wrong but now it is done. it is above where it was when steve jobs died. these things are relative from a stock perspective. what is important is, can they come out with t next great pruct? has nothing whatsoever to do with the stock going on a roller coaster ride over the last year. melissa: that absolutely right. that is a great point to end on. pause that's what the whole story hinges on. can they come up with the next great product and we'll wait and see. gentlemen, thanks very much. >> thanks. melissa: next on "money," behold the power of a tweet. when false tweet can tank the dow by 144 points you have to wonder if twitter has become too powerful for its own good. we'll break it down withtwo top experts. plus the epa shreds an environmental review of the keystone pipeline and it could spell big trouble for the pipeline's future. senator john hoeven of north dakota will tell us if this could be the beginning of the end. more money straight ahead. ♪ .
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twitter has become a important tool in our sociy. boston police, fcc relying on twitter as a legitimate form of mass communication. then the inevitable. associated press's twitter account was hacked, sending a tweet about an attack on the white house, that one tweet caused the dow to crash almost 150 points in two minutes. tough wonder have we all given too much power to twitter? we have the creator director of turkel brands, bruce turkel. jo marsh. thanks so both of you for joining us. bruce, on top of all the news we were talking about, more news on twitter. starcom mediavest group announcing a deal where they're basically doubling the revenue of twitter by investing and buying ads. do you think it has come too far, too fast? >> oh, sorry. melissa: are you tweeting? >> i figured if i would tweet it get to you quicker than if we actually spoke?
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do i think it has gone too far, too fast? i think it has done, tweeted to the point of ubiquity, people said it will never matter, now they're paying attention. melissa: maybe it is not prepared for that. josh, you look what happened today. it got hacked and it caused people to lose money. it caused the dow to move 144 points. everybody stopped and looked. you started to wonder, should we rely on this? should i really believe what i see on twitter? is it as valuabl as i'm making it? >> i think web sites have always been hacked. that doesn't mean you shouldn't have a website. it means you really have to take security seriously. i think what we're seeing over the summer is spade of hacks from twitter. this is definitely the most serious. they can't share passwords around. e-mailing passwords of official corporate twitter account that may have a million followers. that means twit irtaking
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security seriously and experts calling for identification. melissa: bruce, what it meant to me i shouldn't trust what i read on twitter. that what twitter needs, for you to believe that the person who is the twoing is really the person they say they are and it is really valuable information. to me it became information that is not valuable because i would have lost moneyf i traded on it. >> i think the problem its a bigger picture. if you say, hey, it is twitter. new internet thing, i don't trust it, i see where you don't think that way. think of twitter what it is which is a mass media device, mass media gets hacked all the time. kim kardashian got married. that was a hoax. "us" magazine and "entertainment tonight", it was on every media source. hacking media and making false announcements is nothing new. tools change. rules n't. twitter is now mass media. that is the difference. whether it is true or not that is whole issue but it
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is mass media. melissa: but, josh, it undermines ap's credibility. they have, the whole thing they trade on is the speed and accuracies of the information they're giving out. we all do. they trusted twitter to disseminate information because of its speed but now their reputation take as hit as a result. whether or not you blame ap for what happened, you don't trust the information you see because you go, well, could have been hacked. th may not really be the real story. that is damaging. >> it is damaaing. the same kind of thing if ap's website had been hacked. i think there is responsibility both on twitter to try to improve their security practices and also for organizations specially big media organizations that really take the security of their social media accounts very seriously. melissa: bruce, at the same time, you know you can't deny that twitter is absolutely exploding during the boston marathon bombing i was surprised to see major organizations were using twitter as a way to
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disseminate information. whether it was boston police sending out messages or announcing that it was over. they were using it as critical tool. even the sec has said it is a way to disseminate fair disclosure, real information about your company. it seems like no matter what, it has been legitimized by all these organizations. >> yeah it absolutely has. it is a way to get information out in realtime. it is a true media. everything josh said was right. security has to be enhanced. we have to pay attention to that. no different as he said than on your website. no different than on television. no different than on radio. no different than in newspars. it's just a new way of getting information out to people. the difference is that all of a sudden it is instant and it is global. that's why the game changes because it used to be if somebody made a mistake in the newspaper you could print a retraction. nowadays it is instant. and message gets out to everybody and gets retweeted
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right away. security becomes important. believing what you read on internet, if people doesn't believe it, why would the guy keep sending you e-mail from nigeria he wants to give you 15 million bucks? people still fall for it. it is same thing just expanded. >> actually i think it was literally the same thing. it was a phishing e-mail that went out to affect twitter. melissa: gentlemen, thanks for come on. we appreciate your time. >> lot of fun. nice to meet you, josh. >> and you. melissa: next on "money" the epa trashes an environmental review of the keystone pipeline. now its potential approval may be in jeopardy. senator john hoeven joins us with reaction. don't open your doors without it. how terrorism insurance is proving key for businesses in the aftermath of the boston bombing. do you ever have too much money?
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>> it's a win for environmentalists and a threat ich many expected this summer. joining me is the north dakota senator who wants he pipeline to be approved. citing environmental concerns, rail shipping costs, a long list, cleanup efforts as reasons not to approve the pipeline. how dammings is -- damaging is this? >> it's hard to understand. they are moving the goalpost. the state department conducte four environmental impact statements finding no significant environmental impact. now epa, after the comment period, comes back, says, well, we want to know what the social cost of greenhouse gas emissions, and, oh, we want to study pipeline safety. after that's been studied for
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almost five years. melissa: how big a blow is it? you expect epa to be against the pipeline. it's not surprising, and at the same time, people are making a big deal out of it. does it stop you in your tracks? >> well, that's what we're trying to fin out from the administration. the project's been delayed four and a half years. all of these things have been studied and studied again, and they are found to be nonissues. as a matter of fact, less environmental impact with the pipeline than without it. less greenhouse gas. studying pipeline safety, like i say, in an exhaustive way, so we're asking the white house when are you going to make a decision? they are saying this summer. we want verification of that, and we're trying to get the project approved congressionally. melissa: back in court? congress is moving ahead saying they didn't need a permit from the president any longer, that they were going to be able to crge forward. has that changed as a result of this? >> well, congress -- the house
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is working on approving a bill that would provide approval for the passing of the -- provide approval for the project, and the senate, recently, as an amendment, attached to the democrats' budget, i was able to sponsor the amendment, 6 # votes in support of the pipeline, but keis we move free standing legislation through the congress approving the project without the president. that's going to come down to what democratic leadership in the senate is willing to let us vote on. melissa: in the meantime, there's a plan to increase its pipeline capacity in te same region to double what it was before. it's going to be more than what the keystone pipeline transports, linking alberta to the pacific coast. maybe there's an easier way to go about this or maybe somebody else gets the oil while we fool around. >> that's right on the second point. in other words, if it's not done, the oil goes to cina, and we'll continue to import oil from the middle east.
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americans don't want to be dependent on the middle east for oil, and we want the jobs here in america. melissa: this is a case of a government agency fighting against the cabinet, everybody in the same administration. what's that tell you -- what does it tell us about the tug of war going on behind the scenes, who is winning? >> it justdoesn't make sense showing why the economy is struggling to get going because here's the regulatory bearier stping us from producing energy, jobs, economic activity, and national security with the own energy rather than from the weast. melissa: senator, what's the bottom line? do we see the pipeline, if you were a betting man, what do you say? >> appears the administration is trying to defeat it through delay, and we're going to have to get the push on to approve it congressional. that's what i'm working on doing. melissa: okay, senator, thank you. appreciate your time. >> thanks. melissa: time for today's fuel gauge report. more potentially good news for drivers, gags lean futures slid about 1.8% today, gas has fallen
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for 13 # of the past 18 sessions. it is down more than 12% just this month. natural gas is threatening a quarter of the world's oil demand. that is according to a new reportrom citi corp.. 20 million barrels of crude per day could be replaced by cheaper, natural gas coming through the trucking and railway industries. iran and north korea reportedly reached a deal to barter oil from minerals in exchange for iranian crude and other petroleum products. north korea sends iranian iron ore and other raw materials. final terms of the barter contract will be worked out in coming days. next on "money," how insurance is big business in the wake of the boston bombings. plus, netflix roars following first quarter earnings and why other paid tv titans may want to duck for cover. piles of "money" coming up.
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we went out and asked people a simple question: how old is the oldest person you've known? we gave people a sticker and had them show us. we learned a lot of us have known someone who'sived well into their 90s. and that's a great thing. but even though we're living longer, one thing that hasn't changed: the official retirement age. ♪ the question is how do you make sure you have the money you need to enjoy all of these years. ♪
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melissa: in the wake of last mopped easter roar attack in boston, an interesting dialogue came to light, whether or not more businesses should have terrorism insurance. you heard right, terrorism insurance. even if you don't know what it is, a lot of businesses n urban areas, they already have it, but
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do more need it? with me now is robert hartwig, president of the insurance information institute. bob, welcome to the show. >> glad to be here. melissa: you know, this is one of the things i heard so many people say last week we have to be prepared. it's the new normal. this is the era we live in. the logical extension of that is do we have tore insured. who thinks they are covered but are not? >> well, many think they are covered, but are not. every business is actually offered terrorism coverage every year. insurers have to cover it, big, small, and everybody in between. big businesses purchase it, unfortunately, smaller businesses do not. melissa: "big" like ibm? >> companies with a lot of real estate, infrastructure, heavy investment on the the ground, but small businesses, average business on the street, small restaurant, bar, that kind of thing, they do not purchase it. melissa: is it expensive? >> not at all, no. in some cities, it's $25 to 50
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bucks a year, something like that, depends on the risk and something like a sports stadium, of course, it costs more. melissa: right, absolutely. who would it make sense to get it? for example, i understand small businesses here in times square have it, something that's been a target, makes sense if you'rea mom and pop business, even if you were small, worth investing in that. is there a restaurant in a town square, it's ridiculous. >> think about this. the -- one of the largest attacks in the u.s. history was the oklahoma city bombing. that was oklahoma city, not times square or boston. that was a medium-sized city out in the plains, so, really, any business in america could be vulnerable to it no matter where you are. melissa: seems like odds are nothing, though, unless you're in -- very close. >> well, that's a mistake people make. fripsz, hurricane sandy, they thought they couldn't get flooded, and, in fact, they did. same with terrorism. if this is the new normal, expect more attacks like this in
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the future, unfortunately. melissa: if i have a standard policy, not covered, my store blows up, luckily, i'm okay enough i make a phone call to figure out afterwards, you know, the store, the glass shattered call them, and they say it's an act of terrorism, it's not covered? >> if certified by the secretary of state and attorney general, deemed a terrorist attack, if you bought the coverage, you're covered, no question, but if you didn't buy it, you would not be. melissa: all damages not covered? people in the boston marathon route with the glass shattered, they are out? >> no, not at this point, awaiting certification on the part of the federal government, see if that happens. if it never happens, then as it turns out, your standard coverage for fire, smoke, education plosion pplies. melissa: shopkeeper, along the route -- >> with those with coverage collect. melissa: if they don't, i can't imagine -- >> if they didn't buy it, they would not. melissa: wow. casualty, health insurance, all
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that, does it matter whether you are injured or wheteryou're spouse died as a result of terror? >> no, no exclusions for terrorism. life insurance, home, automobile, , it's really business-related insurance, or you're a worker injured or killed on the job, covered no matter what. never excluded on workers' compensation policy. melissa: so workman's comp, you're safe? >> that's right. >> we say it in full disclosure, people along the route didn't think about the stores, if declared, are not cover. what do you do? call and say dissh >> call your act, call your company now. if you are not covered, by the coverage. they are learning v.s, whether it's a flue, whether it's a terrorist atack or earthquake. nothing sells insurance like a disaster. many people run out and buy the product after the fact. melissa: no, i mean, it's just very interesting because i wouldn't have thought about that, you know, another thing that could happen to the poor people along the route as they
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find themselves just out at a loss for the money. robert, thank you so much for coming on. >> glad to be here. melissa: appreciate the time. it is the "money" question of the day. have you ever thought about buying terrorism insurance? almost everyody responded no, but we did get one facebook post that made us laugh. it said, "yes, several, rifles, hand guns, shotguns," oh, goodness, we want ho -- to hear from more. coming up, netflix left for dead, but it's fightenning an overtake and battle for paid subscribers. tell you if it lives up to the hype. at the end of the day, it's all about "money." ♪
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melissa: breaking news on apple earnings call. adam who has been listening in. adam, what have you gleaned? >> their stock fell, shot up after hours trading, and it's coming back a little bit towards $400, $410 now, but ceo, tim cook, actually talking about the price decline because, remember a stock in september, me meliss,
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worth $705. the decline in stock price has been, quote, frustrating to all of us, but the company remains verystrong. now, he went on to say there's no hardware and software and services planned for the fall and throughout 2014. didn't give any indication as to if it's the iwatch, the sma watch to replace this antique thing i've got here or, perhaps, something else in the works like itv. the cfo came on to the call, and he says that they expect the company -- the company expects to open 30 new retail stores in 2013. three people new people use icloud. apple looks globally. 66% of their sales, according to the earnings report, 66% took place overseas. international sales accounted for 66% of the quarter's revenue. revenue, again, a beat. they came in dramatically, what was it? $43 billion.
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here's what's rlly remarkable about this. they are expanding in china. everyone is upset because they sell a less expensive phone in china, but china accounted for $8 billion of that $43.6 billion, and they are saying in this phone call right now that they see significant opportunity in china, and that they expect that china will double. here's the actual line, plan to double retail presence in china in two years, so apple, not on a roll after hours like they were when we first reported numbers, but on a roll. melissa: yes, not at all, while you talked, the stock price went back to before. all the money spent on buyback and dividends. >> blame me. melissa: yeah, it's betternow. there you go. adam, thank you so much. >> you got it. melissa: netflix closed up almost 25%. can you believe it? 216.99 a share. this is just a day after releasing first quarter earnings that just blew away estimates thanks to millionsof new
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subscribers. it's u.s. subscriber base is neck-and-neck with hbo, but can it keep going? will it flounder, dennis followed he story forever. what do you think? >> people think, wow, maybe they are the next hbo, let's take a look at the numbers, okay? if you look at the numbers, and u.s. subscribers are getting close to hbo's paying subscribers, almost 28 million, and hbo has 28.7. overseas, netflix has just a tenth as many subscribers as hbo does. total reach and total subscribers, hbo is three times as large as netflix. melissa: what about the finances? >> it's tough. netflix in the past year had 5 million in operating earnings, okay? that 3.6 billion is about as many as 4 billion in annual
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revenue in hbo, but they earn 1 # minute -- 1.4 billion bucks. they shell out money for content and faster than its bringing in money and takes on debt to try to finance that content. melissa: netflix has a lot of buzz from fry'sing things like "house of cards" the not just represented concept. >> that's exactly ow hbo did it, and, you know, the company startedded two years ago sayin directly we're not really in competition with hbo, and now they say, yes, we are, and we want to be them before they become netflix. they spent hundred million on original content and # #.6 billion bucks on programs paying hollywood to bring them programs. now, that's 94 per share of the $220 stock price in what they owe out to hollywood. are they going to be good at making original programs? they did this "house of cards" 13 episodes, all once in february. now it's going on to dvd.
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they are not getting the dvd, sony is. melissa: ripping a page out of had, bo's play book, came out, about getting movies at home, the big buzz, and realized they could do a better job of doing what the networks were supposed to be doing. >> exactly. they did it better. melissa: did it better, netflix realizes to innovate. what's the next move. >> yes, they did well with "house of cards," and now they are getting too big if the brichs saying we're hollywood, we know how to pick. in hollywood, you're lucky if one out of every ten shows is a hit. pixar barley had any flops at all, and lion's geat, are they buying from elsewhere and getting it to you? we'll see, but so far, sioux od. they are back from the dead. july 2011, stock at $300. it's still op the comeback. melissa: both things talked about, though, good businesses, whether they are picking or
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delivering, whatever. they are doing it right. do do they do next? >> go for a much bigger original programming push ending up being expensive. melissa: oask. i'm a new subscriber, i would like the good stuff. >> there you go. melissa: thank you. at three in the morning, nothing tastes better than dollar tacos or mcdoubles until now. there could be a new king of the late night eats. we'll tell you about t.there's a hint object screen there. you can never have too much "money" or too much junk food. i love it. ♪
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♪ melissa: time for spare change, joinedded by monica and brian, senior vp, thanksto both of you. >> uh-huh. melissa: all right, first up, live next to the queen? well, now you can for a cool 325 million. at's right. this 50,000 square foot six-story house would break the record for the most expensive property in britain. the owner, an elderly member of a middle eastern royal family, of course, owning the home since the 70s. what do you think? a bargain, a steal? >> when i saw this story, i
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preparedded for this segment, i thought i was -- i thought it was 38 million, and i thought, wow, that's an incredible deal. then i saw the $380 total million dollars. he claims that he's put millions and millions of dollars over the years into renovating it and restoring it back to pristine condition, but i have to say, this has to be one remarkable residence for this amount of money. i mean, it seems insane. mel -- melissa: got to be. is this the listing of a lifetime or ultimate white elephant?? >> they have the olympics and get coy. no, the amzing part about this is it's a massive property, and, yet, it's still not the biggest private residence, but it's on a per foot basis cheaper than a lot of recent trades in new york. melissa: wow. well, you say it's a deal, it's a bargain? >> an absolute buy. melissa: pool our money and go over there. >> take a collection aroun the
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office. melissa: who buys this? looking for, like -- >> your friendly russian ole gar ky has that in the couch cushion. mel million all cash? >> i think you have to get an appraisal team. melissa: maybe. i think the fha blacks the loan, though, sadly. >> no, by the way, if you have to take a loan for this, you probably can't afford it. melissa: if i ask the questions, i definitely can't afford it. here's a fun one rom fox family. look at what happened to nox news rporting live in boston last night. >> second explosion goes off at the location where he dropped -- please, don't do that -- where he dropped -- where he dropped the knapsack. >> he's so money. did you see that? please, don't do that. >> class act. >> he didn't even stop. there was barely a pause. >> i have two heros here.
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first of all, the story made the photo bombing inappropriate, but that said, the girls are my heros because mike is cute, okay? he's really cute. you can't fault the girls. >> he keeps going! >> mike is a hero because he doesn't miss a beat. >> please, don't do that. >> he's polite. he's not rude, it's not -- just please don't do that. keeps going. incredible. they go back to shepherd smith who didn't react. it was like bizarre newsland. >> something walter cronkite didn't put up with. >> can't fault them for tying. mike is very cute. melissa: so money. all right. next up, check out this sweet new dessert creation, a pop tart ice cream sandwich, oh, my goodness. >> just in time for swim suit season. >> there's a test run on the treat. what do you think? would you try it? >> i love it. it's nice to know someone is really just, like, getting on the artisan craze of food
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preparation, just didn't throw it ogether. melissa: pop starts are home made. that's what you focus on eating this. clearly, at three o'clock in the morning. >> they put the hand made thing because it's not confused with an ice cream sandwich, which is premade. piece of heaven, ice cream and pop tarts? for $1.49, talk about a deal. melissa: what a bargain, this carl's jr. genius. earnings next quarter for them through the roof. i don't love strawberry, but i'm picky. one fancy house, now another fancy birdhouse. this was made by a swedish home designer with a home gym open kitchen, and get this, a pool. every amenity a well-to-do bird needs. would you buy it? it's got a kitchen. don't become a mcnugget. >> one more seller we have to put up with. i -- i was asking myself thers
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an inminty pool. what's missing is a panic room for when the cat comes up to play. messa: perfect. what's wrong with it? >> well, -- >> there's so much wrong with it. in luxury house for birds, wild birds, pet birds, whatever this is, this is a little insane. melissa: yeah. >> it's taking the real estate craze we talked bow before in london too far. melissa: a study shows fewer bank accounts lead to more savings, report says with multiple bank accounts, you can justify spending than just from one account. what do you think? i totally agree. >> i agree with this too because you have so many counts, you do not focus. i have assets in another account. if it's in one account, it's up or down. >> no account equals max
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