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tv   After the Bell  FOX Business  October 25, 2013 4:00pm-5:01pm EDT

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they're going with the fed. [closing bell ringing] david: well the bells are ranging on wall street. and they are happy campers down there. again in the past couple weeks we have seen major triple-digit gains for the dow and losses too. doesn't look aspect tack lar as you look at today's gains. remember we're in record territory and there are people talking about dow 16,000. a lot more bulls right now than bears, even though people think that we may be a bit top heavy. only one index we focus on is in the red. that is the russell 2,000, just barely. liz: not bad. i said that twice already, not bad. we've got records all over the place. time for the front page headlines. twitter's top executives went to wall street to meet bankers ahead of the company's ipo twitter is expected to set the final price for its stock november 6th. mark it down on the calendar. we'll be all over the story. shares make the trading debut the following day. david: it finally happened the
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nomination of janet yellen for fed chairmanship could of course headed for a roadblock despite the fact they got the paperwork there. republican senator rand paul is set to put the nomination on hold for his campaign for fed transparency. liz: when you took out that part of it, excluding transport equipment, all orders fell slightly in september, not as freight a story as it looks. david: meanwhile u.s. consumer sentiment dropped this month to the lowest level since last year according to thomson reuters and the university of michigan. one reason was the partial government shutdown. liz: shares of ups geting a boost after the company delivered an upbeat earnings report. ups saying third quarter profits rose on increased demand in domestic ground shipments. david: boy, along with fedex. proctor & gamble matched wall street estimates in its earnings report. it also stuck to its full-year forecast. a very busy day right here. "after the bell" starts right
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now. david: break down today's market action. we have gene per roney, and eric marshall. hodges fund portfolio manager, and scott bauer down in the pits of the cme. scott, i want to start with you. just an overall comment into the weekend here. this optimism on wall street, okay, we had the bumps and grinds. we had various pullouts but right now they're looking towards the sky as the limit. what do you think? >> it is funny, david, you mentioned consumer sentiment at lowest point in the last six months yet the majority of people think this is a great time in the market and are still very bullish so this a tug-of-war. from the earnings standpoint, s&p 500 companies reported very good earnings but the revenue line is not so good. david: again.
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>> exactly. like six out of the last eight earnings period revenue has been down, but, that being said it's almost like back to summer where we're in that area of bad news is good news. no news is good news. the more that comes out that is, you know, not a good thing for the economy, the further out this tapering is going to get. lo and behold we're out to march, maybe out to june of next year. no reason why the market can't go higher. >> well, that is the question and let's bring our stock guys into this gene, let's look into day, very, very short term today all 10 s&p sectors moved higher, a very nice move for broader equities here but exactly to the point that we're talking about, if there's no resistance and the fed is making sure that all clouds are blown out from overhead, what makes it an unbelievable case that this market continues to march higher for the next several months? >> hi, liz. well, you're talking about one
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day where all of the s&p sectors are up but i could take that back to the beginning of this cycle and i've been on record for some time saying that this is one of the most extraordinary bull markets i've seen in my career around the reason for that is because so many different and diverse sectors have been doing well over an extended period of time. this is a macroadvance, not a micro advance so it has been very less vulnerable to headline news. we see how well the market has navigated through the news t has also done an extraordinary job policing excesses on an ongoing basis. these 3 to 5% pullbacks you're getting this year have been sufficient to address the near-term overbought condition. i think this market is going a lot higher. david: eric, let's talk about individual investors. specifically most of the folks out there, retail investors, frankly a lot of them are wary of individual stock picks. they think the guys with supercomputers get in there before we can and maybe better to go to etf, collection of
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stocks rather than one individual stocks. you say if they're doing that right now they're making a big mistake. now is the time to pick individual stocks. why? >> yeah, we think that you know ultimately what drives stock prices over time are the fundamentals and earnings and cash flow of individual companies determine what their stock prices do and, as money does come back into the market it is going to these more passive investments like etfs and index fund and it's really exaggerated a lot of the inefficiencies that occur in smaller companies and so forth. so we think it's really create ad golden age for active portfolio manager -- portfolio management, you have to think as an owner whenever you go in and buy a stock. what we would encourage people to do, think long term. don't try to time the market and look what is going on in the underlying businesses you're investing in. liz: hold on one second. we have breaking news.
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we'll get back to that in a minute. adam shapiro on jpmorgan news that's breaking. >> that's right and this is coming from "the wall street journal." sources are telling the journal that freddie mac and fannie mae regulators getting ready to announce a 4 billion-dollar settlement with jpmorgan by the end of this afternoon. the agreement resolves the claims about quality of mortgages sold during the housing boom. that larger pact with the department of justice that is not expected to be completed with jpmorgan until next week but again the headline here, 4 billion-dollars settlement expected to be announced by the end of this afternoon. this is coming from sources within fannie mae and freddie mac, telling "the wall street journal." liz? liz: not really moving much beyond where we saw the closing value here at 52.77. adam, we'll keep that, we'll keep that up. let me get back to eric, excuse me i'm sorry i'm like this on the air. eric, i had to look so closely,
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continue with your thought exactly where you think the markets can go. >> we think stocks in general, you know, it is not going to be straight up. there will be some backing and filling but we think over the long run stocks look very attractive relative to other asset classes such as fixed income or real estate or so forth. and really, you look at the earnings multiple of stocks and we're now about a third of the way through their earnings season. earnings are coming in better than expected. so we think stocks have started to respond here over the last couple weeks to improving fundamentals as focus has gone back to earnings season and away from what's been going on in washington. >> let's get specific, gene, about certain picks because we just had the report from amazon. once again it was a looks not an earn on the eps but nevertheless the stock is just going gangbusters, continues to do so today. is it too late to get on board with amazon? >> no i really don't think that
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it is and this is a market where the strong continue to get stronger. to me the greatest risk is selling good stocks too soon. in my opinion that would be the case with amazon. i think it should be held and i think it can go significantly higher here over the long term. liz: then let's go, as we talk, eric, about the opportunities where would you buy here? what sectors? we can start broad and then go smaller. >> well, you know, we're finding opportunities in pockets of consumer discretionary. if you can look and find a secular growth opportunity, we like some of the domestic energy names. we think that you can find opportunities in some of the cyclical stocks. as well as transportation. david: scott bauer, if you're still there from the cme, i want to talk about gold for a second. what is happening, with janet yellen getting ready to print as much money as ben bernanke did, apparently that is
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what the bet is, why is gold going up? a lot of short sellers on gold are getting hit hard this week? >> yeah they are. put a teeny bit of a hold on janet yellen based on the news we heard about ron paul today. david: look put a hold on that for a second. even if that happens, even if rand paul holds back the nomination we'll still have ben bernanke and more money printing so why is gold going up. >> you hit the nail on the head, more printing. taper will not happen this year. probably not going to happen the first quarter of next year. gold is now becomeing a safe haven again. we saw a massive selloff down to the 1200 level. over the last week or two we have seen $100 -- liz: scott, if everybody is copastetic and vix an volatility are going down, what do you need to take haven from? >> they don't want to short it anymore because they see what the economy is doing. i think underlying theme, even though this market is going up, people that don't necessarily
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want to tip their toes in the market they're looking for another space to get in. because money is so cheap still, gold is really a place where they can get in. if they see a little dip they will get in more. that is really supporting here, that is really supporting this rise in gold and quite frankly over the next few months i really don't see gold going down maybe underneath 1325 or so. david: wow. our sympathies to the gold shorts out there. >> exactly. david: want to go a stock pick here, specifically a jewelry stock, zale. why do you like it? >> zale's is a jewelry retailer that has been through a very painful turn around over the last couple years. been new management team in there that is really fixed the company. there are some operational improvements here in place we think over the next two or three years will generate significant march begin improvement and we think they have the potential of getting back to two to $3 of earnings power over the next few years which would provide a lot of upside to the stock here
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around 15. liz: gene, before we go, quick word on alexion pharmaceuticals. this on a day health care was one, can't even call it lagging but it posted positivity but -- >> been one of the best performing sectors this year so it is takeing a little breather but the biotechs within the health care area are one of my favorite ways to play the health care group. alexion up nicely today. i think it will go higher as well. they have specialty drugs for the immune system, bloodies orders and so on the stock is breaking out to a new yearly high but i think is the start of a bunch more significant move not just for alexion but for a number of the niche-type biotechs. david: wow!, how many time we heard folks recommend biotech sector now. its really hot. gene, eric, thank you very much. scott bauer, see you in a couple minutes before the s&p futures close. liz: as we mentioned it has been a huge week for commodities.
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gold up. oil down for the third straight week. we're heading to the cme to find out what to expect next week. david: also jobs in america. we are going to be talking with three ceos. they have just been honored by "inc." magazine for hiring thousands of new workers. we'll ask them whether they are seeing any red flags on the horizon. liz: with amazon hiting a brand new all-time high, our facebook question of the day, is now the time to buy amazon on do you think it is too late? the stock might be overvalued. log on to facebook.com/afterthebell. tell us what you think. ♪ [ male announcer ] what if a small company became big business overnight?
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we do whatever it takes to make your business our business. od. helping the world keep promises. david: shares of bj's restaurants hiting a new 52-week low after the companied company earnings estimates. let's head back to nicole petallides on the floor of the nyse. nicole all the other stocks in this field have been doing pretty good. >> i was looking at for example, cheesecake factory is up-to-date and doing well. ruby tuesday's, casual dining, down year-to-date. b.j. restaurants down 20% this year and as you noted hitting a low today. that is not good news. what they posted was a 2.2% decline in same restaurant sales. that's not good. the ceo is saying the truth. he says, his quote, it is a very challenging sales environment for the industry overall.
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we have heard darden saying that. that in some cases people are coming into olive garden, less traffic. some people were spending more but others who came in were choosing to skip appetizers, skip the dessert to make their bill a little lower. so it is a tough, tough time. but they do plan to double the company's size in the next five years. that is still on the table. don't forget, bj's restaurant is below one billion market cap right now. so we should note, not a big company but certainly one to watch. david: just talking at that zane tankel, 32 applebee's in new york, times have never been better. 32 applebee's, kind of same mid-tier restaurant. depends where you are and how exactly you're managing the operation. thanks, nicole. have a good weekend. >> you too. liz: gold had weekly gain of 2.9%. oil closed lower for the third week in a row even though today we saw it move higher.
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let's break down the big moves. sandra smith, scott bauer. sandra, looking at this move, didn't quite hit 9dollars a barrel but still brushed underneath it -- $98. >> we breached $96 this week. that is very important and a number traders are watching. as we head out to weekend, liz and dave, all the drivers will notice prices are down at the pump. we got reports from aaa prices at the pump dropped below 3.24 this week. momentum is to the down vied. you mentioned gold prices, silver was the best performing commodity as far as precious metals complex. lots of traders placing their bets that the fed is not going to do anything about that bond-buying program until at least first quarter of 2014. they're looking for that store of value, that is gold, silver, platinum. they were all huge winners on the week. david: yeah, on the week. eventually they have to stop this money printing. something else will happen.
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scott, i want to get back to oil for a second here. how much of the price of oil coming down and the supply issues have to do with the economy in general? or is it a separate issue entirely? >> well, once the tension in the middle east got taken off the table a couple months back we saw oil stablize and prices start to come down. now with the inventory supply we see, especially for areas like here in the midwest, you know where we get a lot of oil out of the canadian pipelines, so we're seeing prices here down about 40 cents a gallon over the last two weeks. that is here in the midwest. david: scott, let me refine the question a little bit. , if i can. which is, is perhaps the cheaper oil a sign that, that the american economy is slowing down because folks are not using as much? >> you know what? i hate to agree with you, but yes. but no, i really do, that is another sign, that is another bad news is good news sign, right? oil coming down. economy is not good.
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market going up. it is unreal. >> david, you can't ignore the supply side of the equation in the oil market right now. we got reports out this week that oil production globally is at highest it has been in over 25 years. so those production numbers would render lower prices. the economy situation has definitely played into a factor we dropped below $100 a barrel. we have ample supply. liz: amen, sandra, that is very true. finally starting to see oil, this is long shot. we saw in the '90s oil in the $20 a barrel region but now it is starting to trade on real fundamentals. thanks to both of you have a good weekend, sandra smith and scott bauer. david: remember the brief moment in 2008 when it was back to 19? yeah. obama website failures have been pr disaster nothing short. how do they make the sale they have now the right strategy for fixing it? we get all the latest details from inside the beltway many coming up.
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liz: plus an incredible 15% of all hotel bookings you guys are making are made on the same day they are fulfilled. short-timers, short-termers. in a fox business exclusive we talk to the ceo of hotel tonight to find out how he is capitalizing on that behavior, making money from that huge number of same-day reservations. ♪ ♪
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liz: you get it. you've been stuck somewhere or turning on a dime, let me figure i will go on a trip.
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turns out booking hotels is a last minute decision for many travelers out there. hotel tonight is that mobile application for precisely that person. it allows you to book the same day hotel deals in more than 150 cities worldwide, 12 different countries but with so many booking sites on the web outthere, will hotel tonight grab enough market share? joining us fox business exclusive, sam shank, hotel tonight cofounder and see -- ceo. sam, nice to see you again. how is going? you have this app that has become very popular. >> we've been happy and felt fortunate timing of our launching at the right time. we've grown a strong user base with hotels that rely on us to fill unsold rooms and provide a great deal to consumers who benefit from getting into a great hotel at unbelievable prices. liz: how about 6.5 million downloads of this app. tell us is each person making a
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reservation? >> take as little bit of time for someone to download the app and be in the right case but we're very happy with the conversion rate. more importantly customers are really with hotel tonight. look at app store rating we have highest ratings of any hotel booking app in the app store. that says quality of hotels we work with and quality of the app and booking process. once people book and come back and book over and over, something else we're happy about. liz: talk about how it works. at noon every day a bunch of hotels that have gone unsold for that night then become available, correct? >> that's right. so it is a marketplace were the hotels are loading unfilled rooms into the hotel tonight and they can use a variety of methods to get a set inventory and compete against each other and the very best deals, the very best values for that night we show to consumers. a hand-picked selection of hotels. we only work with top hotels, once you see the hotels, those
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deals, those values, you can book that hotel very, very, very quickly with three taps and a swipe. provide the photos and take our own photography and booking process is simple and straightforward. liz: i was going to ask you about quality control. you go in there and look. booking.com, we know, we've seen you're never going to be disappointed. that of course is a competitor out there? >> yeah, we're very different. we reimagined the entire hotel booking experience from mobile for the ground up. we think showing you every hotel in a city, that including the bad hotels and good hotels, giving you a list of 500 to 800 hotels in new york city or london or paris is a bad experience on a mobile device. you want to see the best hotel for you. you want to see the right hotel and right price, book that quickly, not reading through hundreds of reviews, thinking maybe the hotel you chose isn't a great hotel. if you go to booking sites, have hotel with customer rating they say is poor. we don't want to show that hotel at all. we don't think it is worth
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selling you a hotel that is poor in quality. we rather not work with the hotel. send the business to a hotel giving awe good night's sleep. liz: let's say i'm stuck in new york city with weather and i want to stay something decent. i go on the website and app, and what kind of quality hotel will i get? throw out a few names, some of the partners in new york? >> new york we work with some of the great boutique hotels in new york. we work with the standard, the ace new york. it was the first hotel we signed. we had our launch party there two years ago. we work with something with basic hotels, we categorize hotels not by star rating by mood. goes to lux at high-end and basic at low end. we have hotels low $100 per night in new york. some of the great partners we work on basic category we work with, gem soho. liz: very hip. for those of who doesn't know and aren't in new york, those are very hip.
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from hundreds of dollars to millions, you completed 45 million in funding, bringing it to more than 80 million. obviously venture-capitalists think you're hot. they probably want the venture back at some point. if you were approached to be bought just as booking.com has? >> you know, we really focus on just growing the business right now. i'm very fortunate and i think all of us on the team which is incredible team are so fortunate to be able to be in this opportunity and really strong vision and very big vision for reinventing the hotel booking experience and what hotel apps mean. if it hended right now i think we would all be very disappointed. we're focusing on building a great business and every day making it better, day after day after day. we're really excited about the what the future holds. liz: there are downsides to being purchased. you don't own the baby anymore. keep us posted, sam, great to see you. thank you so much. >> thank you. liz: sam shank, hotel tonight. go on it, noon, boom.
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david: has to be same day? i should have waited. i spent too much money already in trip i'm taking next week. the obama administration is in full damage control mode after all the glitches with the government's health care website. can the government's new mr. fix-it solve all these problems or is the public lost its confidence in obamacare? liz: also we'll ask three of the nation's biggest job creators, three ceos, who have hired thousands of people whether the affordable health care act could derail their recruitment plans, or, are they still hiring gangbusters? we're back in a moment. ♪ customer erin swenson ordered shoes from us online
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david: time for a look at today's market drivers. stocks closed at new record high. the dow was this week's top performer closing up 1%. industrials and utilities were this week's top performers. consumer sentiment slides in october to the lowest level so far this year on partial government shut don't's impact on economic growth. the final reading fell to 73.2 from 77.5 in september. those new orders for durable goods, well they jumped 3.% in september, beating economist expectations for a 2% rise. the crime was driven by a spike in aircraft orders.
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excluding transportation, orders fell .1%. liz. liz: president obama's fix it man who was appointed to patch up those huge holes in the obamacare website is speaking out. jeffrey zeints is promising that the healthcare.gov site will run smoothly by end of the november. david: we shall see. rich edson joining us from inside the beltway. the problem is, rich, who believes him? >> you know, wait and see. we heard so much before october 1st that this rollout was going to be okay and it's not. so to accomplish that zeints said the administration is appointing a new lead contractor. he says there a lot of work to do and promising healthcare.gov is fixable. health and human services secretary kathleen sebelius is entouring obamacare enrollment centers in texas. she like the contractors who appeared yesterday before congress said there were too little time to test the online exchange. >> i didn't realize it wouldn't be operating optimally before the launch. i think we knew that if we had
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had another six months, we would probably test further. >> she also blamed in part the political environment created by house republicans, which she says did not allow for delays. dozens of republicans are calling for her resignation. to that sebelius says she doesn't work for those calling for her to be fired. short weill her office explained those comments, noting she works for the president, voters and american people. that is why she will get this fixed. congress continues to investigate this messy rollout of the federal health exchange. house oversight and government reform committee chairman darrell issa is requesting the administration supply documents about the website cost an construction. sebelius appears before the house next week in the house energy and commerce subcommittee. david: democrats, rich, are now calling for delay of implementation and delay of time period to register. that is what republicans were
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being called wife beaters force suggesting a couple weeks ago, right? >> several red state democrats have been calling to just delay it for one year. i think what democrats are saying while there was no threat to shutdown the government over it, but, you do have plenty of calls now to make sure the website is actually working in the exchange process works before you start penalizing people for not having health insurance. david: how a couple weeks changes the story inside the beltway. rich, thank you very much. have a good weekend. >> thank you. >> they are three of the biggest job creators in the whole country. they have just been honored ever for hiring tens of thousands of people. can these ceos who you will meet in a few minutes keep up that pace of hiring with things like obamacare? we'll ask them, coming next. liz: the magic kingdom taking the retail business to one of the world's leading economies for the very first time. oh, yes, it could be disney's largest store on the planet. we have the details on where, when we come back. ♪
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53,000 square foot store will be its largest ever. twitter hires nbc news digital chief officer schiller. she will step down from the current job at end of the year. comcast hbo bundle for broadband customers, internet connection, 45 tv channels, comcast streaming video service and subscription to hbo and hbo-go. that is speed read buzz buzz. david: releasing the list of top job creators. they created 350,000 new jobs in 18 months. how do the companies grow jobs when the job market is basically stagnant. joining us top three job creators on the list. steve jones, universal services america. dr. rick work land. and todd pedersen. vivan ceo and found ir. gentlemen, first of all congratulations to all of three of you, magnificent work
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particularly in this market is create jobs. steve, in l.a. you have the double-whammy. and regs and taxes coming out of washington and but all the regs and taxes coming out of sacramento as well. california is not an easy place to grow jobs. deal with what i think is your biggest headache or concern about the future, obamacare. how will that affect job creation going forward for you? >> yeah, we're very concerned about the affordable health care act. you foe, we've, we've been fortunate enough to be able to grow at a very strong pace. the last couple of years, but, you know when the mandate takes place in 2015 we're very concerned. we've talked to a lot of our customers. they're talking about potentially scaling back, and, looking for other, other ways to provide security through electronic security systems and replacing people. so, for us -- david: let me put a fine point on that. some of your clients, some of the people that you deal with, have already said that they're
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thinking of cutting back because of the new law? >> yeah. yes, absolutely of the absolutely. and you're right, we're in a very tough business environment. in dal important is not the easiest place to create jobs and so, i think our customers are trying to find ways to provide the same level of security and to do it with less bodies. david: now, dr. workman, i will call you work, if you don't mind, doctor. you are a dentist. you provide outsourcing services for dentists so they focus on being dentists as opposed to dealing with all the paperwork. both as doctor and employer i would imagine obamacare concerns you as well? >> well i think we're all concerned that for the things that we don't know and don't understand. we're not sure how it affects us as an employer for our benefits because our benefits don't roll over till next july. you about anything that uses the cliche of uncertainty into the marketplace affects other employers which affects our patient base. so there are just a lot we don't
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understand. david: todd, is that the problem? there is so much about this new law that you just don't know about? >> yeah, i mean i think that is probably the right way to put it. now we're a little bit uncertain as to how it is going to affect us. so realistically our business, we're focused on doing the right things, making investments, the proper invests in our future and things will come about and there are things we can't control. and we'll deal with those as they come along. david: steve, you created, if i'm to believe, inc., this is incredible figure, 14,000 jobs in 18 months n this environment where jobs are not really growing that much at all, that is a hello of an achievement. but how do you think this will affect you? going forward do you think next year as obamacare begins to rollout you will create fewer number of jobs than that? >> we do. we do. as a matter of fact we are, we're in the process of building a state of the art remote video monitoring center jaws because
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we anticipate our clients will start to reduce people. we think the job creation part will start to slow down because of obamacare. david: rick, is there any way you can get around it? have you thought about ways, i know a lot of people are thinking hiring part-time as opposed to full time, et cetera. >> we've been blessed to have been growing for a long period of time. and i think what we look at, we look at, you know, what is it going to be three, five, 10 years down the road. i think we're also blessed that dentistry, as a service, is a little bit higher, maybe higher up the decision tree when ever it comes to need for discretionary decision within a household. most people know value of getting good care, preventative care, timely care. david: todd, you're in a state unlike california that is known to be very business-friendly, the great state of utah. we know patrick byrne from overstock. they have located there. is that one the reasons you located in utah because it is more business-friendly, it is
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easier to hire people there? >> no question. it is quality of the workforce. the very friendly business environment from the local governments and state governments. it is a very, it's a very great place to operate a business. very low unemployment but a lot of high quality people to go to for growth of the business. david: steve, leads me to you, did you ever think that perhaps will at quagmires you deal with in california it would be easier to move to a place like utah? >> we looked around. we definitely looked at a bunch of different states. as a matter of fact my business partner has just bought a house in texas and is relocating there. that is something that we're watching closely and, as things progress here in california we'll make the appropriate decisions. david: follow the jobs. that es what a lot of businesses are doing. i don't want to bury the lead, gentlemen, to all of you, number one, two, three on the job creators list. you guys are doing outstanding job particularly in this environment.
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steve jones, todd pedersen, rick workman, good to he you all. have a great weekend. liz. liz: so inspiring good for them. has the era of the traditional blimp come to an end? goodyear is replacing three blimps with a new airship. next we'll show you the airship of the future. speaking flying, think of flying cars. we dream of levitating. could they take off in the near future? we show you a prototype 20 years in the making when we take you off the desk. stay tuned. ♪ le announcer ] the founder of mercedes-benz once wrote something on a sheet of paper and placed it in his factory for all to see. ♪ four simple words where the meaning has never been lost. the challenge always accepted. and the calling forever answered. ♪
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david: three of goodyear famous blimps are replaced with longer airships that can operate more like helicopters. liz: had is cool, right? fox news's phil keithing with the story from pom pa nope beach, florida. >> off the beach, up in the sky, not one but twogood year blimps flying together, absolutely helium airship rarity. >> pretty cool job though. >> yeah i love it. >> james is one of 14 goodyear blimp pilots in the world, a far more challenging job than the slow gentle pace would suggest. >> as helium heats up and cools
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off the weight is changing. that is something you have to think about. more seat of your pants flying. >> there are two blimps in florida because the old famous airships are being deflated and phrased out. to be replaced by bigger, faster and better separate pell lynns. the first being built in akron, ohio. -- zeppelin. >> instead of requireing a crew of 13 on the ground to take off every time, the new good year blimps will be able to lift off and whoever like a helicopter. >> one thing i will miss the drone of the engine that shakes your body as this rolls by. we won't get that with the new one. always a good day flying the blimp, huh? >> for sure. you can't beat this view. >> you know the pilots tell me one of the best thing about their job compared to all other pilots, nobody whoever gets lucky enough to take a ride in these blimps ever complains. everyone gets off smiling ear to
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ear. the good year blimps are not only one of the most iconically american flying machine ever produced they're one of most effective marketing tools. after all, advertising is what the blimps are all about. these blimps sell tires. the new blimps of course will go about twice as fast as these and they're called zeppelins. so they will be rambling on, "stairway to heaven," come up with other zeppelin references. there is the camera over there on that ship. next saturday, that is the aerial coverage that will be provided from tallahassee, the big game, florida state versus university of miami, number two. that is the other upside of their job. they get to see the big games from above. david: what we want to know how you got your job? you're always doing the coolest stories. >> yeah. little-known truth. if you get associated with a charity, they do provide rides, so. be charitable. get in the blimp. david: that is good to know. good to know. >> iconic name and logo never
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changed. classic and good for them. >> next time i come to miami phil, i want to ride in one of those, all right? >> you're on, david. david: thanks a lot. have a good weekend. >> thank you, phil. what would you do p you saw a flying symbol of death? david: what? liz: david, we're going to show you reactions to this, unsuspecting victims, exclaims what was going on when we take you "off the desk." >> i didn't know about that. saw that last night. shares of amazon jumping to an all-time high. we asked you on facebook and twitter is now the time to buy amazon or is the stock too overvalued. we'll read comments coming up next. ♪
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(train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. when you do what io, iyou think about risk.. i don't like the ups and downs of the market, but i can't just sit on my cash. i want to be prepared for the long haul.
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ishares minimum votility etfs. investments designed for a smoother ride. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus, which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. david: time to go "off the desk." people in louisville, kentucky, got the fright of their lives. when they were confronted by a flying grim reaper. it was all caught on video. can you imagine? youtube video went viral, reaching almost 800,000 views. flies the model angel of death with help of a remote controlled helicopter to scare parkgoers out of their wits. of course it is a halloween stunt. liz: i bet he traumatized children. also "off the desk", are flying cars just around the corner?
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arrow mobile prototype made first test flight after more than two decades of development? company's cofounder and chief designer started first version well back into 1990. hopes to sell a production model soon. the top speed? 124 miles per hour in the air and a little over 100 miles per hour on the ground. so far the company is not talking about the price of the cars or where they will be sold. can you imagine? where do you put the traffic lights? i have a car submarine after i've been drinking too much. asked you on facebook and twitter with amazon hiting a new all-time high maybe now is the time to buy or maybe it is too overvalued. nick on facebook told us the stock is overvalued. if congress pass as internet sales tax hike as expected it will take a hit like the rest of retail. liz: pe more than 120. a little rich but been that way for a while. time for the top three things you need to watch next week.
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number three, two key pieces of housing data. september pending home sales will be released on monday 10 a.m. eastern. economists expect sales of previously-owned homes to drop .1 of a percentage point after climbing 1.% in august. the august s&p/case-shiller report scheduled for tuesday 9:00 a.m. eastern. economists expect home prices to climb .8 of after rising .1 of a percent last month. >> i love schiller. number one thing to watch, adp employment report. economists expect private payrolls to increase 154,000. a drop from a gain of 166,000 in september. the adp report could give us insight to the big jobs report that will be repleased friday, november 8th. liz: remember, in a few weeks, number one thing to watch next week will be the federal reserve policy statement set to be released on wednesday, two p.m.
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eastern. investors will be focused on foreward guidance about the economy and any news regarding the timing of the fed potential tapering of the bond buying program. david: most powerful person in the economy. "money" with melissa francis is next. have a great weekend. melissa: is your boss watching you even when you think you're out of sight? you bet he is. good thing or bad thing? let's go. >> what would you want to cause a controversy? [laughter] what do we drink out of the bedet again? what happened? did we call sparkling wine champagne again? >> the national security agency spied on millions of french citizens according to the leading newspaper, lemond. >> oh that. [laughter] awkward. [laughter]

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