tv After the Bell FOX Business October 17, 2013 4:00pm-5:01pm EDT
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nicole: they are exciting to watch. we also have e-trade and capital one. david: the bells are ringing on wall street. the s&p at a new record. the nasdaq is doing quite well also. remember ibm. the dow itself would be in the green, ibm pulling the dow way down. even with ibm on the dow, it is close to positive territory. even though it looks like it is down, it is a good day for the market today. liz: a good day because of the panda cam at the national zoo is open. we have other front page headlines in the past hour. blackberry shares started jumping. news update% the chinese computer maker lenovo which has gotten extraordinarily hot may be considering making a bid to buy the struggling smartphone maker. dow jones reporting lenovo planning to take a look at
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library's books. david: first-time jobless claims fell 15,000 last week to 358,000. numbers remain elevated because of a backlog of claims in california. that resulting from computer glitches. liz: lockheed martin has announced 600 layoffs. jobs lost for the defense contractors mission systems and training division later this month. david: the latest philadelphia fed report showing firms are the most optimistic about the future in 10 years even though the monthly index slipped slightly this month. liz: verizon starts getting an nice pop after the upbeat earnings reports posted better-than-expected third-quarter profit and revenue on strong growth. david: microsoft released the long-awaited update to the troubled windows 8 operating systems. hoping it will help and criticism of the software that
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is provoked computers and mobile devices. we have very important earnings coming up including google. "after the bell" starting right now. let's break down the market action. financial chief investment officer of green square capital. andy teddy o on the floor of the new york stock exchange. google numbers are out. analysis of what all of those numbers mean. let me talk about the markets in general. i am thinking traders were thinking the market would tank more than it did as a result of what was going in washington and get in with more buys. am i right? >> i think you are right on. today was all about ibm. you forgot to mention goldman. liz: hold on one quick second.
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google stock jumping exponentially on numbers jo ling kent has right now. speak jo: that is right. coming in $10.74, and nice beat on the expectations of $10.34. revenue at $14.89 billion, which is also a good beat. what is interesting is the cost per click is down 8% which makes it the eighth straight quarter of posting drops cost per click year on year. after they posted eight consecutive quarters of increases starting back in 2009. we will dig through these numbers for you. the stock up 4% for you right now. liz: motorola mobility coming out with motorola mobility with an operating loss of 248 million versus operating loss of 192 million before.
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nonetheless the traffic acquisition cost increased 2.97 billion in q3. the fact the stock is up on those pieces of news indicates there is a lot of positivity swirling around this stock, david. david: look at these numbers. we're seeing $931 closing at 888. a huge jump. we had to keep in mind how much my this company brings in. google brings in over $50 billion per year. it is looking to double its mobile revenues in the next two years. this is an incredible cash cow, is it not? >> that is exactly right. the cost per click comes down, google has been ahead of the curve to monetize various other kinds of mobile platforms. even the loss we see in motorola mobility really signals a strategic move on google's part
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beginning to migrate away from just the regular click and add business which was very clearly up, now moving into the device business and actually beginning to turn the corner and start to monetize that. that is what investors are paying for today. it is the growth in mobility revenues in the next year or two. liz: can google do the opposite for the market tomorrow? >> i think so. this is earnings season and we will get some surprises on the plus side and some surprises on the negative side. but the overall tone for the market in my opinion remain positive. i know it is hard to do with market trading at an all-time high, but every dip we have had this year has been a buying opportunity, and if you had done that and stayed with them, you
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would have made a lot of money. david: absolutely. by staying in and getting in even more when there is a dip. you think the fourth quarter is going to be a stronger quarter than the one we are in now. right? why? >> that is right. we think the third quarter will be strong. what just transpired, whatever you want to call it down in washington that has been going on. great opportunity for investors to buy into the market. it was tough. when the market was trading down for the beginning of october, it was hard to stay with it. we had to cancel a number of our investors to hang in there. it's sure paid off. liz: exactly. what doesn't pay off is when people panic in figure a week or two in the grand scheme of things is something we should make interesting decision. moving ahead in the next six months, where are you putting
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your clients money? >> i think there is some interesting segments. it continues to be absolutely on fire. there is a lot of good opportunity there. we like to buy the full sector as opposed to picking individual names because there is a lot of individual stock names risk in that particular sector. we buy the whole sector not worked out very well. we have been able to ride that up. we also like the airline sector as well. that is unique. we are saying something brand new right here. airlines look but they have an opportunity to finally make some money. david: specifically you like usair. in general you like smaller companies better than the bigger companies going into the fourth quarter. why? >> the small caps have done just phenomenally great. when the market is going up, small caps are probably going to lead the way.
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the small caps are doing very well this year. outperforming the s&p 500, we expect as the market continues to go higher, they will outperform. they need to think about income and not just gross. the big cap's are where they should be. verizon is a big example of a dividend producing stock that is just hitting on all cylinders doing really well. liz: i want to go back to you because we have the situation in d.c. behind us, but another issue developing that has already kind of been there, but that would be the concept of the federal reserve finally starting to taper. with the market having talked about it so much, do you think it will have a negative effect, what do you think? >> it is very clear to me the market is priced in a very dovish, two times dovish janet yellen beginning her term in january and that is what has
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brought the s&p, as well as the small caps to new highs. what i think the market is not really discounting or taking into consideration is that we will begin to have to taper, we will have to pull back on those asset purchases simply because the federal reserve balance sheet does an unhealthy capacity to crowd out and distort the very risk metrics they use to make those choices. that puts us all at risk with equities at new highs and bond yields coming down, you really have to ask yourself very serious questions about where value is on an absolute basis and on a relative basis. investors are going to have to confront that. david: let me get in there and pull back for just a moment. you are good at the view of what is happening.
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we have an economy that has been underperforming for at least three years, if not more. the county want to perform more. it is capable of performing more. a lot of market participants think it is prepared to perform better than it has been. is that why the market is excited, is that why this aid is getting ahead of itself? it seems the economy in general could do much better than it has been? >> first of all the market is a forward-looking indicator and clearly telling us that something is going to get better. i think we have to assume it will be corporate earnings. i think going back to your other guest comments. the real 800-pound gorilla sitting on the edge is the fed. if the fed starts to shift policies, once they make this shift, they are probably going to move in that direction. and then all bets are off. a lot of what we have seen in the market is anticipation of
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better corporate earnings, number two and perhaps you can reverse them has been the fed monetary policy, which is basically put an underlined bid for the last three an and a hal, for years. david: we will not change much at least until january. we will be talking more about the fed in segments coming up, so you're going to want to listening closely. great to see you as well. we will come back to you in a couple of minutes when the s&p futures close. liz: it is showtime for google. and larry page. it looks great. the stock jumping about 5% as the world's largest internet firm easily beats estimates. as you see with the bid above the value. we will take a deeper dive into the street estimates. david: the spending machine is rolling again.
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after that ugly budget and that battle. so how much damage to the showdown really cause the economy? how many problems will we see in earnings coming up? liz: you think america lost some of its credibility around the world from the government shutdown, or do you say a heck with what we have done, we're just fine? log on to facebook.com/afterthebell and tell us what you think. ♪
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david: got a lot of earnings coming in. chipotle shares coming in at reporting earnings moments ago. nicole petallides on the floor of the nyse. nicole: you are absolutely right, up $9 if i am standing here, we're watching chipotle jumping up. it will be testing the new highs. the sales for good news, they talk about seeing new restaurant opening for 2013 and 2014. also the fact the sales are looking really good, so expect for chipotle to be a real winner to the upside tomorrow in friday's trading.
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the fast food company that continues to while wall street. david: it is now $944. this company is jumping after hours. just curious about it. a little bit of ad lib. from nicole petallides on the floor. liz: oil prices, they fell to a 3.5 month low after industry report of increase in supply. pairing that with signs of weakening demand. we go back to lincoln allison and sandra smith. sandra: finally we will get a government report on the supply and demand levels next week. that was just announced. still, we have some private industry reports that reveal that we have supplies up, demand
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forecast to be down leading to lower oil prices. not out of the question to think we could drop below the $100 mark for the first time since july 3. liz: he said watch out. he has been predicting lower prices from here. liz: i want to talk about gold for a second because it is interesting that are going in opposite directions. how long is that going to last? edwar>> long as you continue toe a dovish reserve, you will have gold become very volatile. as long as you have margins being very high in economic activity the public sector being very uneven, you will have volatility in the oil sectors as well. thinking about this as he you pointed out in the last segment. the economy wants to do better, but structural impediments sitting on the employment front and the capital market front that impeded, congress did not
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do us any favors over the last two weeks. as long as we have these structural mismatches for the labor force and capital market you will see volatility in the commodity space as it pertains to production and gold and oil are great examples of that. david: let it go, it can run at full pace if you let it go, folks. liz: thank you so much. david: look at what is happening to google as we have been mentioning, shares are jumping in after-hours trading. let's dig deeper into the numbers. senior technology analyst. we're going to put up these numbers now, but i can tell you google trading $943.53 after hours. will it open at that tomorrow? >> google is the gold standard. we have to throw a little bit of cold water on these numbers. number one, lot of the earnings
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upside coming from a lower-than-expected tax rate. they paid 15% of their income, that helps to drive the earnings up. that is a low quality of earnings. the second thing is the prices decline continues. in fact they are accelerating again. pricing has dropped, that is google mobile problem. put those aside, it is great to see the business picked up steam. 22%. any concerns on slow down and e-commerce have not affected google yet. we are seeing that in google. liz: he looks at all of those details that our average investor may not have the time to notice, so thank you for pointing that out. not necessarily cost for click, but paid up 26% versus the market and wall street looking for 22%.
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is that the reason w we're seeig such a dramatic jump in the stock right now? >> that is a wonderful thing to see. more relevant ads, getting people to click more. that is their business. if they were converting as effectively as advertisers wanted, you would see the pricing increasing. people would pay more because it is converting. the five people are paying less for them is still the problem google needs to solve. david: i hasten not to rain on this parade because it is wonderful to see, but it is a bothersome element to all of this which is its expenses are growing faster than the revenue. you can bring up revenue, which would be great, or bring down expenses. is there any sign the second half is going to be happening? >> google loves to spend, they love to invest. they are chasing after large
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opportunities. they like to talk about the option audi in the name because things they are doing, wiring fiber into people's homes, expanding youtube into more professional content, driverless cars. for right now they are just suspended. but google has shown he will put these expenses into the business and i don't expect them to change the trend of growing expenses faster than revenue anytime soon. liz: because they have the cash and the brain trust they can take chances. motorola mobility is greater than that. the first phone that google sort of was a part of. >> motorola acquisition is still a big? the revenue is sharply down. jumping around a billion dollars level, still losing money in the division.
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more lackluster. we would have liked to see more units shipped. there have been reports about 100,000 per week that are shipping. liz: they had all the colors that apples colorful and came out before apple had it and something like more than 100 different combinations you can customize and order with the bamboo back. we were there in silicon valley. >> android has taken the lions share in the smartphone market place. they are likely to do the same thing in the tablet marketplace particularly because they will be offering a wider range of products and more competitive price point. david: for most companies a 20% growth rate would be phenomenal. for google, that is coming down from 35% growth so everybody is worried.
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this stock is up almost 5%. a huge jump. you are great, he answered all of our questions specifically to the point. come back. liz: he just did not want to get out of the staff room. everybody believes the economy has taken a hit from the budget battle in washington. exactly how bad is the damage really? we will get the true story from one of wall street's top economic forecasters when we come back. david: did romney's former business partner, he is going to tell us if you believe the full faith and credit of the u.s. is still unquestioned as president obama said today. don't want to miss this. coming up. you've known? we gave people a sticker and had them show us. we learned a lot of us have known someone
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david: so a deal has been made but is it what is best for the economy? does the full faith and credit of the u.s. remain unquestioned as president obama said today? joining us is ed connor, former bain capital managing director and mitt romney's former business partner. also the author of "unintended consequences." why everything you've been told by economy is wrong. i love this. a great title. ed, first of all, we've been through a very messy fight but you say we can't afford not to have this fight. you said that in an article you wrote recently. why? >> if you look at the sustainability of our fiscal policy it is unsustainable. we have 650 billion-dollar deficit and dollars we're collecting from fannie and freddie at one time. if you normalize interest rate we're over trillion dollars.
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maybe you could run a deficit as high as $500 billion, which means you have a $500 billion fap to close. david: let me stop you there. most of us know how bad and dire the debt situation. you say it is worth all the mess we've been through, put that in fine focus to look how bad the situation is? >> look at 10-year interest rate on the 10-year. it was 2.7. it is down to 2.6. volume at this time index is back at 13 1/2 which is extremely low. it is hard to see any real damage to our financial markets from this fight and the financial markets recognize we'll have fights over the debt ceiling but it is only way we will get compromise in a situation where mandatory spending will drive up our spending without any need to pass legislation. so that is built into the expectations of the market we'll have these bruising fights. david: okay. but so far, the one thing that is damaged, everybody agrees is damaged is the middle class. middle class is getting killed. their disposable income is way down. their ability, job security is
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way down. their savings is way down as a result of these artificial rates. the president claims to be the champion of the middle class. clearly they have been doing lousy under his tutorship as president. what can we do to turn that around? >> we have to put our long-term fiscal policy into balance as it is now. david: with this congress though? >> virtually impossible without having these kind of negotiations. and the republicans haven't done a very good job of educating the public about the situation that we face. i think the democrats have been able to exploit the lack of understanding from the marginal voters. so, no, i don't hold out much hope for compromise without having these bruising, bruising fights. david: one of the reasons a lot people say the middle class is having tough time, the new green shoot companies are not finding up as fast as other recoveries. the big guys are doing okay. we see earnings reports coming in, wall street is going up but
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the inincorporated companies, the green shoots, the ones to give people a chance they have not been doing well. why not. >> both sets of companies are not doing good for the middle class. green shoots are down by half historically. we need to maintain growth rates prior to 2007. if you look at large companies, corporate profits are record highs. business percentage investment is low. hiring is low. you haven't seen investor competing with each other which drives pockets out of the pockets of investors and puts it in pockets of workers and consumers. we would normally see that at this stage of the recovery. you don't see that because business are holdings back because of uncertainty. they see the train wreck is coming that the marginal voter just doesn't see yet. david: i don't know if you noticed. we got breaking news, october 20 second, we didn't get the september jobs report. bls numbers were held because of the partial shutdown.
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we'll get the numbers october 22nd. what do you think we'll see? >> we'll see mead occur growth off a low base. we'll go back to the 2007 trend line. after five years we see no evidence we'll rebound back too tread line. we'll see mead occur growth on a location mediocre growth. david: president talked a again, he has been doing this last couple weeks, how deficits are coming down dramatically last couple months. that is true, that is because of the sequester, something he is against. >> in part that is true. they're coming down from $1.4 trillion. they're coming down with zero interest rates. we're coming down because of one-time 100 billion-dollar increase with fannie and freddie this year. this is a little bit putting lipstick on a pig. they're coming down from very, completely unsustainable position. david: finally as i'm sure everybody would agree with you, we need something, some kind of
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discipline to come in. where will we get it from as long as we have divided house? >> only place to get it from is the bruising negotiations. what incentive to the democrats who are fighting for more spending at a time when debt is 70, 75% of gdp and fiscal poll is way out of balance and they're fighting for more spending. they're trying to stop sequester from being implemented across the board which makes it as disruptive as it possibly can be. they want it to be disruptive because they want the public against it. they're proposing infrastructure spending. what incentive do they have when spending is driven up without passing legislation? david: the sequester came out of august 2011 downgrade which forced them to some deal they didn't want but we ended up with sequester which reduced deficit. sometimes the battles look awful and messy but out of it good things can come like the sequester and cutting. we have to leave it at that.
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unintended consequences, why everything you were told about the economy is wrong. ed, thank you. we appreciate it. liz? liz: david we'll get another view of the economy from one of the top economic forecasters. sew say general brian jones is here. -- societe generale. if you've got it, you know how hard it can be to breathe and man, you know how that feels. copd includes emphysema and chronic bronchitis. spiriva is a once-daily inhaled copd maintenance treatment that helps open my obstructed airways for a full 24 hours.
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shutdown have on our economy? david: joining us now in a fox business exclusive is brian jones. societe generale senior economist. i hope i said that partially right. one of the top economic forecasters on the street. let's say soc-gen. thanks for coming in. >> thank for having me. >> we were talking about one guy how some good things came out. putting to rest the idea that the u.s. would default. do you think the experience we went through put that to bed? >> i think so. i think when we even get over the turn of the year to the february, early february deadline i think this is non-issue. i don't think you will see anywhere near as contentious a drama in wash top as we saw this time out. liz: well, brian, let me push on that then the next time we have to discuss this you don't think we'll get this close to a default? >> no. i don't think so. when push comes to shove they have allowed the treasury to put
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in place extraordinary measures beyond the february deadline. so i don't think that will be much of an issue as we go forward. i think as we go on markets will become more and more impervious to this. we may come close to the edge, we may talk a good game but at the end today. we'll not default on our debt. david: how do you define defull? that is key here. the president extended from the wall street definition not paying bondholders to not paying anybody. how do you define default? >> clearly default is not making timely payments of interest and principle on the public debt. i mean you could characterize the other things as a default. i mean i would consider them more deadbeat status. david: right. liz: which we don't want to be considered that here in the u.s. bringing it to the investor audience and markets then, brian, do you get a sense that the markets ex, all of what we've just seen all the past 11 days have gotten a little toppy?
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we know trees don't grow to the sky. s&p 500 is up 18 to 20% over the past year. at some point do we see a bigger correction. are you seeing that any of that on the horizon? >> i wouldn't expect that. i think the economy is starting to gather a fair amount of steam and some of the numbers in september before this whole thing unfolded. for example i was looking to look and i continue to look for very strong employment report for month of september. 240,000 jobs. down-tick in unemployment rate. core retail seas numbers for the month of september look good. industrial production looks solid. probably get a housing number. before this unfolded things looked good for the end. third quarter. david: talk about toppy? talk about the fed's balance sheet by indof this year it is close to 4 trillion. it was 3 trillion a year ago. how much higher can it go? >> well again it depends on what the economy does. if we do get signs the economy is doing better i think some
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uncertainty associated with year-end and mid-december deadline with the house and senate getting together on a budget may create some uncertainty but i think the fed as they already said they hope to be finished with their asset purchase program by the middle of next year. liz: brian, thank you. you talk about the markets looking stronger if the government continues to keep things running, makes sense. good to see you. thank you. david: thanks, brian. >> take care. have a good afternoon. david: you too. liz: so could the government budget fight hurt companies? brian says no. companies that specifically depend on homeowners with money to spend. pool court ceo joins us to talk about how the government debt deal impacts or does not impact his business. david: a little later there is new type of housing boom. we'll tell you why small is the new big in of the nation's most trendy neighborhoods. ♪ (announcer) scottrade knows our clients trade
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liz: if there is one company that truly really depends on mortgage construction when it comes to apartments and housing, perhaps it is pool corporation. now shares were down about 3% today following slightly disappointing earnings but the company did see strong and consistent sales. gross margins still under a bit of pressure. let's bring in the ceo to talk not only the earnings report but perhaps how the housing market is doing and whether the government budget fight had any effect on your business. we've got you exclusively here. talk about pool corporation and what the last 16 days of the government shutdown have been like for your company. >> well, really the 16 days of the government shutdown have really had no impact on our business. fortunately most pool owners can see through the short-term activity in washington and have the understanding that at the end of the day they will behave
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like adults and come to a resolution that moves the company forward, the country forward. to that end i think most people have a more, i think realistic assessment what is going on and understand that politicians will at the end of the day act responsibly. liz: we just showed a one-year chart. your stock is up over 30% of the past year. some obviously had to do with the strong housing market which lately started to pull back. your current quarter you haven't reported on, tell us what you expect to see because you tightened guidance for that. >> yes. we reported earlier today and the essence of that report was that our sales in the quarter were up 9% on base business and our earnings were up 15%. that is a little bit below expectations which is why our stock took a little bit after hit but in context -- liz: why below expectations, manty? we like companies that do well on revenue. that means you made a lot of menu. when you miss on eps, what
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happened inside the building? >> well, the net-net is that, some of the non-discorrection nary items -- discretionary items, basic pool maintenance items didn't expect to grow as we expected them to. that is the really the heart of the short fall. there are basic items there are things you need to consume to maintain the pool be it chemicals, parts, accessories and the growth of those particular items were not as strong. what was stronger was the discretionary items tend to be higher-dollar items, lower percent margin percent but higher dollar items. those were up nicely. items like pool heaters were up close to 20%. building materials, which we sell in, for the pool and around the pool surface were up over 20%. so there are a number of product categories that did very well and those are primarily on the discretionary side. liz: i know you're dying to see
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more construction so you can build more brand new pools or adding a few led lights, whatever people do these days, a little waterfall here and there. when do you expect that to happen? >> well i think the housing market has begun a recovery but you also have to put that in context. a lot of the infrastructure for housing that have been built in the last several years was already put in place prior to the great recession. so really what will take place to go to the next level is new infrastructure. liz: right. >> and yes, just like every house should have a pool, the more houses are out there, ultimately there should be more pools out there and we're all for that. liz: we got a report coming up that is fascinating. what is going on in l.a. this trend of skinny houses. little houses that look chic and modern. i would say i kind of live in a little skinny, tiny house. what kind of pools do you offer for people who don't need an olympic size or gigantic kid any bean shaped one?
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>> we have for houses on zero lot line homes, we have, there are pool options available. in fact with designs today, that, it enhances the entire outdoor experience. remember pools are as much for eye candy as they are for swimming. and the options today with all the technology and all the tools and all the designs that are available, you can make something very, very elaborate in a very confined space. liz: i like that, zero lot. hadn't heard that one before. good to see you. thank you, manny. great to have you back on the program. >> thank you, liz. appreciate. liz: manny perez delresa. stock is up 30%. david: you're lucky to have a house. i don't even have a bathtub in my little apartment in manhattan let alone a pool. realtors like to say location location but what happens when builders run out of space in some of the nation's most trendy neighborhoods?
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we go to the west coast to find out. it might look like real-life atlantis but it is all about art. one artist is creating a huge splash when we look at his latest works when we go "off the desk." stay with us. what's better than zero heartburn? ♪ nothing, that's what? that's why i take prilosec otc each morning
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liz: so these tiny homes, little skinny homes, seem to be the latest craze in southern california. they're popping up in some of the region's trendiest neighborhoods. david: fox news's adam housley joining us now live from venice, california, with more on this of course we're familiar with that here in manhattan, adam. >> i know you are, david. so is liz as well. not far from here, up the street actually in beverly hills and santa monica, pacific palisades, you have largest homes on lot anywhere in the country. you go to venice everything is skinny whether the jeans, ties or in this case homes behind me. on this lot there used to be one house and now they're are three. they're not connected by any walls. >> it isn't the house you grew up in. it is not your parents house. >> it's a small lot house a tiny trend that started in los angeles and now building up across the west. >> we think it appeals mostly to young professionals, a lost college educated right out of college who probably don't have kids yet. >> the narrow homes are usually
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stacked two to three stories high and range in size from one to 2000 square feet. while you don't pay high condo fees or share walls you do share lot space with several to dozens of these hybrid homes. >> there is no per se kind of traditional yard in the front because you end up with a smaller lot but there is all these kind of creative things that happen with the space because you can go vertical with it. >> while some oppose small lot houses saying they hurt the character of older, traditional neighborhoods, supporters say the small homes can have a big impact on the local economy. >> when you're taking one lot would typically house one family and providing a place for three families, that's three more buyers in the community that can go down to the local coffee shop, the local restaurant, local mom-and-pop retail store. >> now while these skinny houses have become popular in other parts the country here in southern california they really caught on. 250 units will be built in next
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year-and-a-half. the price tag, some are as low as half million dollars. for other parts of the country that is very expensesy sieve but here i it is pre low. it can can go up one million dollars for one of these small homes on. david: people in phoenix, say you're crazy. five bedroom, and acre of land. liz: you can't get the ocean right there. david: that's true. >> all right, guys. liz: forget about the golden globes or emmys from la-la land. it is about friskies, major award shows for pets and cad video. this lifetime achievement award winner from these pictures? one of the cats on your screen got it. we'll tell you the answer next. my mantra?
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trust your instincts to make the call. to treat my low testosterone, my doctor and i went with axiron, the only underarm low t treatment. axiron can restore t levels to normal in about 2 weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women, especially those who are or who may become pregnant and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these symptoms to your doctor. tell your doctor about all medical conditions and medications. serious side effects couldincluk of prostate cancer; worsening prostate symptoms; decreased sperm count; ankle, feet or body swelling; enlarged or painful breasts;
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david: let's go "off the desk." artist jason taylor recently unveiled a series of works in under water museum he co-founded in 2009 off coast of cancun, mexico. i never get tired of this. he has 510 sculptures permanent under display in the sight. the museum is huge guest, receiving 250,000 very wet visitors around the here. artist is trying to secure funding to expand the site to include 8,000 pieces. it is quite a spectacular show. liz: also off the desk, internet sensation grumpy cat, yeah they won, right?
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presented with a lifetime achievement award at friskies doing the most to help cats take over the internet. david: he is yawning. what is up with that? liz: second annual ceremony in new york city but i certainly think surprise kitty got robbed! look at that thing! that is just mean. friskies award, 25 grand in cash, david. that is a lot. i could this on a loop tape. david: never get sick of it. liz: winner gets 336 cans of friskies. david: unbelievable. how do you train a cat to do that? number one thing to watch tomorrow will be google. right now, it is up $953 in the bid. all these google stockholders here are applauding. this is huge. will it stay that way? will it stay anywhere close to that? liz: colin gillis at cbc said not as high tomorrow. big numbers when it comes to
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paid clicks. short time ago we told you the september jobs numbers never came out because of the government shutdown. they will be released october 22nd. david: next tuesday. is it too old, too late? we'll see. probably have an effect on the market. melissa francis is next. melissa: i'm melissa francis and here's what's money tonight. get ready to might the word's first smart rifle. it can supposedly make a novice shooter an expert rifle. it is not cheap. it costs 22,000 bucks. the company ceo is here to show us what it is all about. plus, sticking his thumb in the government's eye, mark cuban is cleared of government charges. now he is taking a swing at sec. is it time to rein the agency in? broadway crowns and all new king. stay tuned to find out the answer. seen when they say it's not it is always about money.
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