tv After the Bell FOX Business November 15, 2013 4:00pm-5:01pm EST
4:00 pm
looking very good. [closing bell ringing] as the bells ring it's a turn around for cisco systems. coming back from a one-day slide. up up with%, dow component certainly helping nasdaq as well. >> unbelievable. look at this number. 6th straight week of gains, liz. liz: the dow is up 85 points. last 13 minutes of trade we jumped from up 70 to up 85. not bad. david: some people may be getting nose bleeds but you can't fight the tape. that is what the tape is. a great way to end the week. liz: front page headlines this beak. president obama is brainstorming with insurance ceos this afternoon how to enroll americans in health insurance before the looming deadlines under the obamacare health care law. david: u.s. industrial production unexpectedly fell in october by .1% but underlying data on factories suggested economy remains on a moderate growth path. liz: in the new york region, so-called empire manufacturing
4:01 pm
index a regional index focusing on new york fell to mine must 2.21. the first negative reading since may which raises concerns about the economy. david: those concerns were not reflected in the market. energy giant conocophillips lost ground in today's trading session after billionaire warren buffett sharply cut his stake in that company, preferring to invest in rival exxonmobil as liz said instead. liz: bill ackman takeing a 10:00% stake in mortgage giant fannie mae and freddie mac through his firm pershing square capital management. david: men's wearhouse got a nice pop in a today's trading after rival joseph a. bank dropped its bid for the retailer. men's warehouse rejected the offer in october calling it opportunistic and inadequate. happy friday, everybody. "after the bell" starts right now. liz: this is so cool.
4:02 pm
we've got six weeks of gains for the bulls. we love our bears too though. let's break down today's action with bob doll, nuveen asset management equity strategist. we have four stocks, four stockr portfolio. for our viewers i can't afford to miss. teddy weisberg from the new york stock exchange. we want to bring in larry shover from the pits of the cme. all three of you what a day we have capping off quite a robust six weeks. we'll start with larry at the cme. what really drove this trade when you could say the import export numbers weren't so great and there was data that was a little noisy? >> that's a great question. there is so much negativity. some people still don't believe, so many people still think yellen is dovish quote is enough to underpin the risk sentiment in the market and i think they're mistaken the fact is we are the in middle of a secular i bull market and people are still unwilling to catch on. i think it is driving this pain trade higher and higher as you
4:03 pm
mentioned over the last six weeks. david: we have a couple of bulls. i would call teddy weisberg and bob doll sober bulls. we have had a lost drunken bulls staggering through this place but these guys are so per bulls. i want to go to you, teddy, first we had disturbing figure about "gallup poll" how much consumers would buy in the holiday season. they have seen a drop of 10:00% over the last year. could that put a little cloud over this party? >> i think is certainly could. you had macy's earnings earlier in the week. they blew numbers out. if that isn't a lightning rod for consumer sentiment -- david: believe the hard numbers rather than the polls is what you're saying? >> how can you deny the numbers? you have the polls. you have the numbers but reality is, you know macy's, macy's as a company appeals to a pretty broad base of consumer, our consumer society.
4:04 pm
it is only one company granted but it's a pretty good lightning rod and sets up for a very good christmas. you know, david. it is, it is a peoplic numbers, two steps forward, one step backward with these economic numbers. reinforced by this easy fed policy which probably will more likelihood be continued under yellen. i mean, it's a positive quotient for a terrific market. creates an underlying bid for stocks and we've seen that now not only for weeks but for months going on a couple of years. liz: does it worry a guy like bob doll who has client money to put to work here? you've been a bull, correctly so, where during the time it mattered to be a bull and that is during this run-up. what are you doing now? what are you advising your clients? >> still to own stocks, liz. the fundamentals are reasonably good. people still don't believe it. i think another point with the consumer is the drop in gasoline
4:05 pm
prices which puts more money their pocket to spend on christmas presents, et cetera, et cetera. we still have as was mentioned a very accommodative fed. we have valuations that are not ridiculous compared to the alternatives. i think past of -- path of least resistance is to the upside. as you pointed out it is six up weeks in a row. we'll a pause some time. but pullbacks are opportunities in the range of fundamentals in nye view, liz. david: bob, rates are still a big story in many ways. i understand obviously numbers matter an earnings matter a lot but what happens to interest rates and how might that affect the market? >> well, if, interest rates go up that will mean we have a strong economy and we get better earnings. so i'm not overly concerned about fed tapering. the fed showed us in september that they won't do it unless conditions are good enough and if we have those good conditions, i will win on the ease side, earnings side.
4:06 pm
if the economy stays weakish, the fed won't taper and i will win on the pe side. so, i don't want to make it seem like -- david: win-win. >> that stocks only ever go up. i think the consternation for an equity guy around interest rates is a bit overdone. liz: we saw larry, what happens when interest rates started to tick up back in late may, early june after ben bernanke telegraphed that we might start to see tapering at some point and that it woo be reality. i don't know why people were freaked out about that. it is ridiculous. there is an endgame we certainly hope. what do the guys in the pits think? what would be the sector, aside from home building that might benefit oror get hurt if we start to see higher interest rates? >> you know, i still think the pit believes if interest rates creep higher as long as they creep higher for the right reasons you still need to be in financials and materials. now financials is one of the areas where i was dead wrong about until most recently. i've been wrong about a lot this year but financials was one
4:07 pm
where it regurgitateed, consolidated and made new highs. even yesterday the xlf per se. but financials, materials, because the housing sector is still in the baby steps of a recovery on the periphery. i mean the best, part of real estate has increased quite substantially but there is still a large part of the real estate market has not caught up and will do so, even with rates climbing because we are recovering slightly but surely. david: all right. let's round out the rate discussion with teddy here. teddy, are you, as calm about rates going up as bob is? >> well i think, i see it as two-step process. i think in the short term any shift in fed policy which results in higher rates is going to be a big problem for the market. but, overall, it is a positive because if rates go up, because the economy is doing better, that translates into better corporate earnings and ultimately translates into higher stock market but if we accept the premise that it is basically been easy fed money,
4:08 pm
monetary policies that are been the underlying bid for equities going back for almost three years now, any shift in that policy, short term, is not going to be a good thing for stocks. >> let's get names from bob doll. bob, you could look at nasdaq, he see it is hitting 13-year high. it is technology heavy. let's start with technology. give us your picks in this realm and why you like these names. >> i picked two as you know, liz. two from very opposite end of the spectrum. one, you have to hold your nose because the pe is up there and that's google. they're in the forefront of a lot of good things happening. the other, you have to hold your nose because you don't know if you're going to get any top-line growth. you have to depend on the margin story. that is hewlett-packard. so, i think that it is an interesting pair in a sector that think deserves a lot of attention. liz: get you on google with the price-to-earnings ratio. this is a leadership company. when you're picking stocks, do you look at names that are best in class as buffett does with
4:09 pm
that moat of competitive strength? >> well, i try to, liz. google i think does fit that although hewlett-packard, there are a lost competent competitors in that difficult business. liz: right. >> so it is not the only way we look at stocks but in google's case, if you pay up for a stock, if you pay high valuation, there better be a moat some way, somehow to justify the valuation. david: by the way, larry, bob mentioned something earlier the fall in gasoline prices helped retail sales as well. are we going to continue to see that fall first in oil and then in gas? >> i don't think so. i mean i think we're at beginning of the end of the fall. there will be supply issues many coulding from opec. a lot more reliance and brent crude as opposed to wti. on our end, wti is congested right now. with the price going down below the price point of producers they will start, or they will stop refining as quickly as they have before. so long story short, below the break-even point. i think we see the bottom of
4:10 pm
gasoline prices. david: what a great forecast, guys, a great wrap-up of the week. good stuff. >> smart people, successful people. bob doll, teddy weisberg, larry shover. david: have a great weekends, guys. china's lenovo is number one in the global personal computer market. it wants to dominate the wireless phone business. they're into fablets. giving us a exclusive a sneak-peek at a phone not yet available. you will see it here. liz: they are hot in smartphones. the chinese love them. also, what's the best way to get publicity for a brand new product like that superhot rainbow before it was superhot? well getting baned in schools might help. rainbow's coast owner and creator. the man who came up with the wildly successful toy is here to talk exclusively to talk about the phenomenal success.
4:11 pm
he has a new products to show this. david: your kids must be into it. liz: love it. i'm wearing one. david: oh, my goodness. also our facebook question, we want to know what would make you switch from your current tablet to a competitor? one, style, second, substance or three, price? log on to facebook.com/afterthebell. let us know your answers coming right up. ♪ [ male announcer ] once, there was a man
4:12 pm
who found a magic seashell. it told him what was happening on the tradg floor in real time. ♪ the shell brought him great fame. ♪ but then, one day, he noticed that everybody could have a magic seashell. [ indistinct talking ] [ male announcer ] right there in their trading platform. ♪ [ indistinct talking continues ] [ male announcer ] so the magic shell went back to being a...shell. get live squawks right in your trading platform with think or swim from td ameritrade. get live squawks right in your trading platform at od, whatever business you're in, that's the business we're in.
4:13 pm
with premium service like one of the best on-time delivery records and a low claims ratio, we do whatever it takes to make your business our business. od. helping the d keep promises. she loves a lot of it's what you love about her. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms obph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, seek immediate medical help for an erection lasting more than 4 hours.
4:14 pm
if you have any sudden decrease or loss in hearing or vision, or iyou have any allergic reactions such as rash, hives, swelling of the lips, tongue or throat, or difficulty breathing or swallowing, stop taking cialis and get medical help right away. ask your doctor about cialis for daily use and a 30-tablet free trial. david: what an exciting week. it was a week of milestones for many major equity markets averages. gold managed to turn itself around this week, oil fell for a sixth week in a row. >> get right to this week's action with nicole petallides on floor of new york stock exchange. sandra smith and fox business contributor phil flynn, both in the pits of the cme. phil, let's start with you first. interesting commodity behavior here. what jumped out at you here? what is significant for next week? >> for next week you have to look at the fact that speculators embrace the short side of the oil market. the biggest selloff since 1998.
4:15 pm
biggest string of weekly selloffs. that is big. we'll look at breaking news on the renewable mandate when it comes toeth nothing. that came out today. epa lowered by a billion gallons amount of corn ethanol we have to put into gasoline. that was in the range of expectations. but we did see the corn market move on that a little bit. corn moved 1% after that came out. we even got a little pop on oil for a short period of time. >> a little bit. >> we saw the oil come back down. but the part of the reason we didn't come back down, dave, speculators, either embraced the short side of the market. >> right. >> cftc said short speculators have -- david: sandy, that has me a little confused. of course it doesn't take much to confuse me. its have he a little confused because when you look at janet yellen, you saw first her statement she released before the testimony. her testimony reinforced the idea that she would be printing more money. shouldn't that make commodities
4:16 pm
pop higher? we haven't seen that pop a lot of people expected. >> we got a couple pops this week and weather-related of all things. it wasn't necessarily tied to the fed and janet yellen. dave, we've known for a long time, janet yellen might be sitting in the seat. david: burnished into the price? >> it already is and you've got all these major investment houses right now talking commodities markets down. you already had goldman sachs, jpmorgan and latest one, credit suisse coming out saying commodity prices are only going down from here. they're talking for the end of the commodity super cycle. i talk to a lot of smaller houses who are saying buy them at these levels. population growth in china is still going to surge. you will still get a fed, printing money devaluing the dollar and and price of these things worldwide. i would mark this point in history as a major one for the commodities markets because everybody is so torn on what's next, for things like oil and
4:17 pm
gold. liz: well, then, you look at the sectors over all, nicole petallides and stock reactions to them. you watched everything this week. what really was the most sort of strength? or i rented? i look for example, energy but technology once again. we do have the president of lenovo north america coming up. they have just been on a tear. of course they're chinese-based. this is what people are looking at right now. >> it's a record week on wall street. we saw consumer stocks doing well but i picked out some weekly winners to give out the best of the best on dow and s&p. on dow jones industrials we saw names like proctor & gamble and home depot which is really yellen-related right? home mortgage rates, homebuilders did well. exxon did well because of buff net. that is one group but look at the s&p 500 and look at names like macy's came out with a great quarter and pitney bowes at a new high. then we had, you used the word exciting, dave. because we're hiting a record on wall street. we've seen a lot of winners.
4:18 pm
some all-time highs. how about we look at the ipos? it has been very busy here over the last couple weeks. the busiest week since 2007. these are some of the recent ipos. looking at twitter, chegg, extended day and zoo lilly. zulily is a real winner up 71%. extended stay and chegg also with up arrows. zulily stealing the show. twitter holding on to some gains at least. david: you know what excites me? you excite me. your reporting excites me. so does sandy and phil, even you excite me on this friday. >> phil, off the charts. fantastic. have a good weekend. david: all right we're having very excitings, you mentioned lenovo. you have another guest coming up i'm looking forward to. liz: looming may be an ancient art form but a new creation is making it so unbelievably hip again with the tweeness, so hip it is baned at two new york city
4:19 pm
schools. next we talk to the man behind the tween craze of the rainbow loom. my kids made these. david: probably illegal in a lot of schools around the country. celebrity engineer, ashton kutcher, did you know he is an engineer? he is helping the world's largest pc-maker sell itself in the tablet market. will the new tablet stand up to apple, samsung, all the rest? coming up we talk exclusively with lenovo's north american president, jay parker, the phone not available in the u.s. exclusively here. you don't want to miss it. ♪ this is the quicksilver cash back card from capital one. it's not the "fumbling around with rotating categories" card. it's not the etting blindsided by limits" card. it's the no-game-playing, no-earning-limit-having,
4:20 pm
deep-bomb-throwing, give-me-the-ball-and-i'll-take- it-to-the-house, cash back card. this is the quicksilver cash card from capital one. unlimited 1.5% cash back on every purchase, everywhere, every single day. so let me ask you... at's in your wallet? see who does good work and compare costs. sn't usually work that way with health care. but with unitedhealthcare, i get information on quality rated doctors, treatment options and estimates for how much i'll pay. that helps me, and my guys, make better decisions. i don't like guesses with my business, and definitely not with our health. innovations that work for you. that's health in numbers. unitedhealthcare. customer erin swenson ordebut they didn't fit.line customer's not happy, i'm not happy. sales go down, i'm not happy. merch comes back, i'm not happy.
4:21 pm
use ups. they make returns easy. unhappy customer becomes happy customer. then, repeat customer. easy returns, i'm happy. repeat customers, i'm happy. sales go up, i'm happy. i ordered another pair. i'm happy. (both) i'm happy. i'm happy. happy. happy. happy. happy. happy happy. i love logistics. you really love, what would you do?" ♪ [ woman ] i'd be a writer. [ man ] i'd be a baker. [ woman ] i wanna be a pie maker. [ man ] i wanna be a pilot. [ woman ] i'd be an architect. what if i told you someone could pay you and what if that person were you? ♪ when you think about it, isn't that what retirement should be, paying ourselves to do what we love? ♪
4:23 pm
david: it's time for a tgif, quick speed read, five stories one minute. london will be one first european countries i guess it is a european country, to have its own domain name,.london. businesses can apply in 2014. general electric selling 20% stake in its consumer lending business as an ipo. it will debut in the latter half of 2014. mcdonald's customer service is suffering to the introduction of too many new items too quickly. the fast-food chain says it plans to spend less updating restaurants and more on improving service going forward. retailers beware, according to "gallup poll", holiday spending season expected to fall from last year. the poll shows average american plans to spend $704 on holiday
4:24 pm
purchases. down 10% from $786. isabelle limited edition line for h&m became available in the u.s. for first time. the online shoppers overwhelmed the site of first minute in its debut. what a rude awakening. that is the end of speed read. liz: hot designer. near stampede, huge. david: that's right. >> speaking of hot and stampede, how about for these? what is the best way to boost sales for, oh, a product that is interesting certainly but isn't catching a lot of attention? well, get it baned from one place or another! two new york city schools baned the rainbow loom, this looming craft product, saying quote, it has become a distraction in class an on the playground. we thought, let's get the man behind the idea, the latest tween craze. joining us is the rainbow loom creator. live from detroit. it is wonderful to have you, and
4:25 pm
i have to tell you, my own personal experience, the first week of sleep away camp my daughter calls me, says, mom, you need to fedex, not just send, david, fedex me the rainbow loom. i rush out. i found it at michael's craft store. this is phenomenon that you just recently created. talk about where the idea came from. >> well, the idea started from seeing my two daughters making bracelets from those small tiny rubberband. i thought it was interesting. i wanted to do, and to join them to make things with them. i couldn't quite do it. i thought about making a template to make the bracelets. i was able to impress them. they were excited. we all had different bracelets we make and i see the opportunity n fact my daughters told me pursue it.
4:26 pm
so we did and, yeah, turned out to be really successful toys. >> well, somebody has to be chief technology officer, chief creative officer, make your daughters at that you are an engineer by trade. you were up until recently working as an engineer at nissan. you came up with the way the kids would work the loom in. and took your whole life savings which was 10,000 dollars. you sunk it into this. and suddenly, look one thing leads to another. you had your kid make youtube instructional videos. are you surprised by the fact that, well, first of all give us numbers. i heard three million sales so far. is that about accurate? >> that's accurate. actually be more than three million. it may be a little bit over five million by end of this year. >> were you scared? were you nervous in the beginning? because as i understand it, you
4:27 pm
also assembleed the kits with you and your wife assembling in your house. you moved into an actual area in your office so you do this. this has taken a lot of guts and risk in a way. what do you say to would-be entrepreneurs out there with an idea? >> well, obviously we are sinking all our savings into this we believe in and worked very, very hard for it. so the word i would say to entrepreneur everywhere is, believe in yourself and try to do it by yourself and you could own everything by the end of the day. >> i want to show your latest product which we are unveiling right here. it is the travel loom. it is this blue part here, that kids can take on airplanes. kids get so board and they really need to do things. this is the latest product. will this be ready for rollout of the holiday season? >> well, actually, it will rollout the beginning of the
4:28 pm
year next year. liz: okay. >> in fact we will add a secret loom as well to go with this for that. liz: ah, secret loom. which brings me to the knockoffs. that is the word we use here in the u.s. for copycats, right. there are many out there. i have seen them already. you're filing some lawsuits, aren't you? you own the rainbow loom trade name. can you fight against these guys? >> well, it will be very difficult to fight these guys. many of them are small. some of the big ones as well. so, but my focus is not on fighting them on the, but instead i'm looking into the developing those to compete against them. liz: well, fight the good fight. keep it up. and i'm wearing one that is my children made for me. by the way, boys love to do this too. my son made this one for me so, thank you for coming on and telling your story.
4:29 pm
it is inspirational. you know somebody will buy you. what if a big toy company wants to acquire you? >> well i would say no for now because you have i have a lot of fun doing it. >> well, please join us again. thank you so much and congratulations. >> thank you so much. >> right here on fox business, david. exclusively. david: i love that segment. wow! what a great guy. and again, just shows you with 10,000 bucks and the right idea and perseverance and believing in yourself, you can get it done. liz: great, terrific. david: i love it. i love it. that's what we stand for here at fbn. i can't remember the last time she won a tennis title but when it comes to personal branding maria share share is a game-changer. we have a look inside the sharapova economy. you don't want to miss this. liz: the world's biggest pc-maker taking on apple dominated tablet market. we're speaking live with
4:30 pm
4:31 pm
4:32 pm
4:33 pm
s&p 500 and the dow jones transports. all 10 s&p 500 sectors closed the week in the green with consumer discretionary and health care leading the way. gold finally managed to snag its first weekly gain in three weeks. the precious metal climbing .2 of a percent. but oil fell for the sixth week in a row, its longest stretch much weekly declines in 15 years. oil settled at $93.84 per barrel. david? david: the world's largest pc-maker is setting its sights on the tablet market. that is what this is, the stand-up item is a tablet. lenovo launched its new growing go tablet, which was partially designed, get this, celebrity product engineer, ashton kutcher. can it take on competition from big names like apple and samsung? liz: we have fox business exclusive interview, lenovo
4:34 pm
north america president. we can start with yoga and new phone not available yet. let's make them wait for that right. >> right. liz: what is interesting about the yoga, cylindrical edge, the complaint about the ipad, holding it, reading in bed it's a pain because it doesn't prop up. this allows it to prop up. talk about the feature first and why it might be a driver for sales? >> yeah, sure. it's a very simple innovation, liz. it is nice to hold when you're raiding like you said. it turns into a little stand. the other important think about it, it gives us room to put a laptop battery inside of it, which means it has 18 hours of battery life. combine the three things and we think it's a winner. david: not everybody does, jay. "time" magazine came out with a pretty critical review of it saying among other things, that the cylindrical object gets in the way. how have your other critics
4:35 pm
received it? >> well, it has been received very well so far. you can't win them all but the sales have been very strong so far. the reviews have been very strong. i personally use one and i love it. >> by the way, walt mossberg, our own guy reviewed, one of our products, suggesting that it had too little storage. he generally liked innovation. you guys are always innovating and you're doing it in remarkable way but too little storage. have you dealt with that issue at all? >> well, sure. with the tablets you can actually in the case of yoga tablet you can add storage to it yourself if that is a problem for you. on the computer side, what you find is that people are starting to really like solid state hard drives which is less storage but much, much faster. they're storing in the cloud or on a central device somewhere. so we are very comfortable with where we're at and, adjusting to the consumer demand. liz: let's get to the smartphone market. you guys are huge in china, not
4:36 pm
merely any kind of footprint yet in the united states. we want you to unveil the new phone, the vibe-x. let's see it. hold it up. because we are fascinating to see what's grabbed the attention of the rest of the world here? >> yes, sure. so this is the new vibe x. it's a super thin, five inch screen smartphone. you can see here hopefully how thin it is which is very nice. it has industry leading cameras in it too. so, we're excited about it. we're growing very quickly in smartphones like you said. we're number three in the world now. and eventually we will come to this u.s. market but we have some work to do yet. david: what specifically do you think gives, will give you the edge? it is such a crowded market. there is such strong brand loyalty in this market. how can you break through some of those brand? >> well, our brand is very powerful around the world. we're the number one pc company in the world. our brand is building from that. and now it is a logical adjacent
4:37 pm
to go into smartphones. so we'll continue to build the brand through marketing. but, we, the other piece that we see is the smartphone market, the price bands, the prices are really coming down. there's a play for a mainstream price point phone. and that is really a sweet spot for lenovo. we think that can be a differentiator for us. liz: we have a smart investor audience, i think you know that, jay. they look at lenovo and halo effect of chips that go in it. whose chips are you using these days? >> we use a variety of suppliers on pc side. we use intel. we use amd. intel is in one of our smartphones, in this case, vibe tech, media processor. like any responsible manufacturer, we have variety of sources we pull from. david: wonderful to see a company, for all the talk about the pc market dying a company look to reverse that trend. in fact you see signs of it.
4:38 pm
jay parker, lenovo president north america. great to have you here, jay. >> great to be here. >> love the lenovo story. we have news on jpmorgan. jpmorgan made a offer to pay $4.5 billion to trustees of some 330 mortgage securities trust. according to sources jpmorgan's $4.5 billion settlement offer does not include wamu or washington mutual trust. new agreement is apparently separate from the tentative justice department settlement with jpmorgan trustee. it has until january to accept the offer. the stock not particularly not y because it is like a broken record of how many settlements this company has. david: you wonder how many it can take before it really begins to affect the stock. it has not had a big run-up the way banking stocks have but hasn't been hit too hard. there has to be a limit at some point. liz: is it the last act of drive-in movie theaters? we head to chicago to find out
4:39 pm
whether the great american movie business can be saveed from the wrecking ball! david: maria sharapova, no wrecking ball here, the biggest earning female athlete in the entire world. we have an inside look how she has leverageed her star power into money power coming up. ♪ if you've got copd like me, hey breathing's hard. know the feeling? 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. spiriva helps me breathe easier. spiriva handihaler tiotropium bromide inhalation powder does not replace fast-acting inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. these may worsen with spiriva. discuss all medicines you take, even eye drops. stop taking spiriva and seek immediate medical help
4:40 pm
if your breathing suddenly worsens, your throat or tongue swells, you get hives, vision changes or eye pain, or problems passing urine. other side effects include dry mouth and constipation. nothing can reverse copd. spiriva helps me breathe better. does breathing with copd weigh you down? don't wait to ask your doctor about spiriva. 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. 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. ask me what it's like to get your best night's sleep every night. [announcer] why not talk to someone who's sleeping on the most highly recommended d in america? ask me about my tempur-pedic.
4:41 pm
ask me how fast i fall asleep. ask me about staying asleep. [announcer] tempur-pedic owners are more satisfied than owners of any traditional mattress brand. tempur-pedic. the most highly recommended bed in america. now sleep cooler with extra cooling comfort on our bestselling tempur-breeze beds. visit tempurpedic.com to learn more, and find a retailer near you.
4:42 pm
david: tennis superstar maria sharapova, hasn't won a lot of titles on court, she has won a lot but others have won a lot more but she ranks as the highest paid female athlete in the world. how did she do it? lee hawkins, "wall street journal" celebrity business reporter, had joy, privilege of sitting down with miss sharapova to discuss her huge success off the court. good to see you, lee. a lot of people would say because she is a pretty blond. it has to be more than that, right. >> it's a lot more. first of all she has won 30
4:43 pm
titles. she is number three ranked. david: there are people like serena done more and doesn't make more. >> why does she have more endorsements than serena. david: i don't think serena would appreciate the elephant in the room description. >> when she won wimbledon upsetting davenport and williams, what did she do right away, went out and got motorolala. did that deal a blue chip company and did short term deals knowing she would be playing well foreseeable future and was able to renegotiate. she got cannon and all the other deals. thanks to her manager at img. david: spell it out though. she has made 6 million in prize money. that was in 2012? >> right. david: six million in prize mon money but 23 million in endorsements that ratio is far beyond what is normal, right? >> it is.
4:44 pm
when she hurt her should in 2008, said it could be end of my career. so i think it is real important for me to establish relationships with the companies that i can have partnerships with and she went out and got all kind of deals. now she is a spokeswoman for porsche. she is ambassador on a global basis for them. she has her own candy line. she sold 2 million bags in a year. david: look at that, 29 million, compared to 20 million for serena, and serena won a lot more. i think it was venus who won against her in 2004 for her first grand slam, right? >> that is funny. i met venus. she has three jamba juices in washington, d.c. all the women are making their own mark in the business world because they have to seize that opportunity because the at age 26, they're starting to -- david: got to ask. they're not supposed to like each other too much, serena and sharapova. >> they have a vicious rivalry. it has gotten personal, particularly this year but what
4:45 pm
is great about that -- david: not just for show? >> i don't think it is for show. i mean, they're, they're both big competitors, right? and so. david: yeah. >> but it is good for the sport. that is the key, in any sport you have the rivalries. i think it is good for tennis. david: one thing that is clear that serena doesn't have over maria is international appeal. maria is russian and has a connection with europe. >> right. david: she has sort of a wordwide appeal, williams, either sister doesn't have. >> as a matter of fact this week it was announced she would be announcer for the olympics in sochi which is her hometown. she has lots of family there. david: wow. >> once again looked at as a person that can bring in all the global eyeballs and ratings are of course important. so that will be important. david: ratings are not only important to her and nbc, they are important to us as well. >> exactly. david: one of the things that pushes ratings, liz does this a lot better than i do right way is using social media, using
4:46 pm
facebook and using twitter and so forth. she uses it very well. >> she has great engagement numbers. as a matter of fact when we did the interview, she was saying hey, so, send me a link. make sure you get it to me, i will tweet it, asks me a again before it was time to leave. a lot of people don't understand the transformation to the digital economy is really important for personality-driven brand. she understand that is, which really helps her. she is also tracking success of product that is she endorses and she knows that the companies that she is partnering with are also watching those numbers. david: speaking of those products, what is sugarpova? i never heard of that before. >> once again she put her name on this product. it's a gummy candy. there were no gummy candies in russia when she was growing up. david: we're looking at it now. >> she discovered gummy candies over here. she saidings, you know what? i should make it happen in russia. it's a huge success. it is sold in 15 countries.
4:47 pm
my issue, what about childhood obesity. you're an athlete. david: lee, lee! people will do it, might as well take a piece of it. >> everything in moderation. once again, she has got to think about now what her future -- david: everything in moderation accept for sartorial splendor. you see the way he dresses? man, oh, man. >> i always come to your show with respect. david: i appreciate that. you always put me to shame. only you can do it. thanks a lot. over to you, liz. liz: yeah, all about the almighty dollar or ruble, right? who cares about obesity. a final curtain could fall on a piece of american movie history. are the nation's surviving drive-in theaters about to fade to lack? we'll take to you chicago to find out. it is one of the most unusual hotels on the planet. sweden's famous ace hotel will melt away in the spring and always does. should the owners be wore remembered about fire risk in
4:48 pm
the cold of winter? regulations. ♪ ♪ [ male announcer ] how could a luminous protein in jellyfish, impact life expectancy in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutuafunds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses at od, whatever business you're in, that's the business we're in with premium service like one of the best on-time delivery records and a low claims ratio,
4:49 pm
4:52 pm
david: all right. >> lake arrowhead, california, 1970. david: i thought i was only one who remembered. i'm sure you do. the number of drive-in movie theaters in the u.s. is just a fraction of the peak in the 1950s but small and independent drive-in theaters are trying to hang on. liz: jonathan serrie joins us from atlanta with more. jonathan, are they going away? >> hopefully not because you know i grew up as well in the 1970s with a drive-in theater in the sarasota-bradenton area and got to experience the tiger drive-in in, tiger georgia, for this story. very school story. the problem for the drive-in theaters the cost of one of these new digital projectors they will have to switch to when hollywood does away with film, $80,000. that is a huge investment if you're a small, family-run business which is what exactly going to find at many of america's drive-in theaters. watch. families travel for miles around to catch films of the tiger
4:53 pm
drive-in in rural northeast georgia. >> the kids really enjoy getting to run around and sitting watching a movie and feel like, we got to do it growing up but, so gives them something to, that we used to do when we were kids. >> the theater first opened in the 1950s a decade when the number of drive ins peaked more than 4,000 nationwide. of the today there are less than 360. and many of these small seasonal businesses are struggling, to replace old projectors with digital equipment as movie studios phase out 35-millimeter film. >> doesn't make a lot of sense to spend $80,000 on, on a business this size. >> contribute to the save the drive-in fund today. let's preserve this classic part of our american heritage. >> honda's project drive-in donated digital projectors to nine theaters nationwide but short of wining a contest, many other theaters including the tiger drive-in face some tough choices. >> for me to disappoint the people around here, it is the
4:54 pm
only really good form of family entertainment. i got to figure it out. >> some other theaters are holding fund-raisers. others are holding out, hoping that the hollywood film studios will delay their transition to digital, to allow enough time for a used market to develop. so that they can buy these digital projectors at a lower cost. liz and david. liz: such a retro experience, isn't it, jonathan? david: we used to sneak in the back in cape cod. don't tell anybody. i guess i just did, didn't i? liz: three people here. jonathan, you and i have all been to drive-ins. thank you very much, jonathan. talk about a room with a view? there is a new hotel where travelers can submerge themselves under the sea. david: what? liz: that's a room. we'll bring you the details next. david: also we asked you on facebook and twitter, what would make you switch from the current tablet to a competitor? style, substance or price? we'll bring your comments coming
4:55 pm
next. ♪ my customers can shop around. but it doesn't usually work that way with health care. with unitedhealthcare, i get information on quality rated doctors, treatment options and cost estimates, so we can ke better health decisions. that's health in numbers. unitedhealthcare. it's not the "limit the cash i earnvery month" card. it's not the "i only earn decent rewards at the gas station" card. it's the no-games, no-signing up, everyday-rewarding, kung-fu-fighting, silver-lightning-in-a-ttle, bringing-home-the-bacon cash back card. this is the quicksilver card from capital one. unlimited 1.5% cash back on eve purchase, everywhere, every single day. so ask yourself, what's in your wallet? wow...look at you. i've always tried to give it my best shot. these days i'm living with a higher risk of stroke
4:56 pm
due to afib, a type of irregular heartbeat, not caused by a heart valve problem. at first, i took warfarin, but i wondered, "could i up my game?" my doctor told me about eliquis. and three important reasons to take eliquis instead. one, in a clinical trial, eliquis was proven to reduce the risk of stroke better than warfarin. two, eliquis had less major bleeding than warfarin. and three... unlike warfarin, there's no routine blood testing. [ male announcer ] don't stop taking eliquis unless your doctor tells you to, as stopping increases your risk of having a stroke. eliquis can cause serious and in rare cases fatal bleeding. don't take eliquis ifyou have an artificial heart valve abnormal bleing. while taking eliquis, yomay bruise more easily and it m take longer than usual for any bleeding to stop. seek immediate medical care for sudden signs of bleeding, like unusual bruising. eliquis may increase your bleeding risk if you take certain medicines. tell your doctor about all planned medical or dental procedures.
4:57 pm
i've got three important reasons to up my game with eliquis. [ male announcer ] ask your doctor today if eliquis is right for you. [ male announcer ] ask your doctor today maestro of project management. baron of the build-out. you need a permit... to be this awesome. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. (aaron) purrrft. (vo) meee-ow, business pro. meee-ow. go national. go like a pro. customer erin swenson ordebut they didn't fit.line customer's not happy, i'm not happy. sales go down, i'm not happy. merch comes back, i'm not happy. use ups. they make returns easy. unhappy customer becomes happy customer. then, repeat customer. easy returns, i'm happy. repeat customers, i'm happy. sales go up, i'm happy. i ordered another pair. i'm happy.
4:58 pm
(both) i'm happy. i'm happy. happy. happy. happy. happy. happy happy. i love logistics. you will lose three sets of keys, four cell phones, seven socks, and six weeks of sleep. but one thing you don't want to lose is any more teeth. if you wear a partial, you are almost twice as likely to lose your supporting teeth. poligrip and polident for partials seal and protect helps minimize stress, which may damage supporting teeth by stabilizing your partial. and clean and protect kills odor-causing bacteria. care for your partial. help protect your natural teeth. ♪ liz: let's go off the desk. look at that place. it is constructed entirely.
4:59 pm
rebuilt every year from chunks of ice. david: also, the frays sleeping with the face is taking on a whole new meaning with this hotel. east africa allowing guests to book a private floating island which is submerged 13 feet below the indian ocean. guests can watch sea creatures swim by as they enjoy their cocktails. he would switch from butter software. that is substance. mike von facebook said he would not use the tab as long as they keep making the notebooks. liz: the number one thing to watch next week, federal reserve release of the fomc minutes.
5:00 pm
examining every single word as to hands when they will begin scaling back. david: i know it is key and important, but you get so sick of them. money is next. >> nothing but trouble here. back to the department of homeland security reveals that hackers have attempted more than a dozen cyber attacks on the obamacare website but could not get them. when you do, let us know how you did it. melissa: of the president's words used list? he unveiled yesterday allowing insurance companies to reinstate cancel policies. some states are refusing to go along with it. we have an exclusive. florida state insurance commissioner in a moment on what it will cost you because even when they say it's not, it is always about "money." ♪
101 Views
IN COLLECTIONS
FOX Business Television Archive Television Archive News Search ServiceUploaded by TV Archive on