tv After the Bell FOX Business January 30, 2014 4:00pm-5:01pm EST
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jump or fall 7 to 9%. there is liz claman. look at our liz next to greifeld. there is the robot behind them as we look to the county down to the closing bell. there she is countying down. [closing bell ringing] oh, man. finally got it. pushed the bell. all right. fox business with the robot right behind her there. this is super bowl, the lead up to the super bowl which is on sunday. they were gracious enough to invite us into their house at nasdaq. look you how all the indexes are shaping up. a huge day on the nasdaq. focus on that particular composite right there, up 1.7%. at one point it was up over 2% to the plusside. it has come down a little bit. we're expecting earnings from google and amazon. a huge day for tech. "after the bell" starts right now.
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david: we'll be going back to liz in just a minute. she is at the nasdaq. that is really the center of operations today. let's break down the action. we have tony who is strategic wealth partners cofounder who says the recent drop in the market is just a blip. scott shempper horn, chief investment officer will tell us how to play a pullback bet. daniel in the pits of cme. dan, start with you. those gdp figures it became clear the economy is catching up to what the stock market is doing in 2013. isn't that what you saw? >> that is absolutely what i saw and i've been saying this for one time the market is getting overly worked up on one-off events and not paying attention to your economy and the economic data and that data is showing growth. we have slow spots and we had
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decent data coming forward and we'll have decent data ahead. david: from the beginning of the year until now we still have the huge losses. walt disney is down 4%. walmart is down almost 5%. proctor & gamble is down almost 5%. goldman sachs is down 6%, but, scott, are the doom and gloomers done now? is now the time to see the rise take off away from the january gloom and doom? >> yeah, david i don't know if they're done quite yet, here is what you know. if you believe in valuation some of these things are getting oversold and very attractive. what was said earlier, the economic backdrop is good and improving. i think it is creating great opportunity for investors for investors that think about things have run too far too fast. david: as so goes january so goes the year, will this be one of the years it will be count irtrend for that. >> i think it will be counter
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trend. we started off with uncertainty and jitters from the fed. we have some clarity on that. we had a positive gdp number today, 3.2% which came in better than expected. as we know that 70% of the gdp growth comes from consumer spending. if there is a positive spender out there, a positive consumer, it will really drive the market further this year. david: dan, one of the things we should point out in the market, i know you're interested in this, government spending has come down. we have a lot of people inside the beltway particularly -- hold on a second. we have got the google numbers right now. adam shapiro give them to us. >> earnings per share david, coming in at $12.01, that is non-gaap eps. that is a miss. revenue is a beat. street was expecting 16.57 billion. in the last couple of quarters they missed seven out of eight last quarters on revenue. now they're beating. on earnings per share they had
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50/50, four of the last eight quarters they missed on earnings. this time they will miss again. david: they are going to miss but look at numbers after-hours. dan, it is one thing to miss on eps but if you miss, if you gain on revenue and miss on eps a apparently investors don't mind because the stock is popping after-hours. >> well you know what? that seems to be the case these days when people are missing on eps or missing on revenues they have been punished really bad. i'm looking a chart what google is doing. seems to be doing well. overall revenue should work into better eps down the line of the so not a big surprise into that one. david: scott what about that? apparently you can miss on earnings per share but if you get more revenue, got more people buying your goods or services, the market prefers that? >> i think that is partially true but what i'm seeing happening almost a two-tieredded market. you mentioned strength in nasdaq. a lot of social media and newer
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media companies. however if you look at traditional tech companies they're not doing particularly well, ibms of the world, microsofts of the world, i think we have very narrow market and i think that creates opportunity. david: tony, we're seeing shares come down a little bit after the initial pop, still they're doing well. do you think these numbers will hold tomorrow? >> i think they will hold. to grow the top line is a positive indicator for the market going forward. going back to what i said it is a positive consumer. there are companies out there spending money on paper click ads. they have want that consumer because they know that they're hungry to spend their money. that will only help drive gdp the rest of the year. david: dan, we had the huge tech rally. amazon numbers are coming out as well. are you surprised that tech is making big stride forward? >> no, you know what? everything has been hammered so bad of late, when you're starting to see good numbers, they are being rewarded. that is interesting, even in
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these down markets we had with some of the markets, when a company was missing they were not getting punished as bad as they had in the past. i find that encouraging when, they beat and do well, this really rally. look what happened at netflix last week. it had a massive jump on a beat. david: amazon, the bid and ask after-hours. amazon numbers are out. that number is dropping after-hours. we saw a big jump today in amazon's stock but it ended the day at $403. i see it trading, about 3.85. so that is coming down, dan. we'll go through the numbers with adam shapiro in just a minute after he had a chance to digest them. but that stock was flying a little too high. >> well you know what? amazon set the table high. they were talking about how good holiday sales were in december. apparently they missed somewhere in that long and they meet expectations. a lot of rally in that market was already there and time to take profits. that is my guess based on what we're seeing here.
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david: adam shapiro we've always had difficulty going through numbers amazon. >> right. david: you have to ex this and that. you're going through the numbers. >> we're looking for adjustments to make sure we're getting numbers. earnings per share, 51 cents. the street was expecting 66 cents. it is revenues a slight miss, 25.59 billion. revenue was expected to be so that might be one of the things you're seeing a miss on revenue. we have toouble-check on earnings per share. right now we're going with 51 cents. street was expecting 66 cents. david: they said it was a record-setting holiday season for amazon prime. the problem with amazon prime they offered freebies. you join up and they were bragging how they had a million new members but many of those might have been doing the freebie for a month. >> you know, could very well be the fact. if that's the case and they still keep these members as amazon prime members, going forward that should be good for the company. watch this company over the next couple days. see what their projections are,
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what they will say for the coming year. make your decision as to whether or not you want to be back in amazon. david: by the way, we've seen shares of google come down a little bit from their after-hours pop initially. of the scott, what do you think about tech in general? >> tech, i think some of the tech companies are attractive. i think some, frankly like amazon are priced for perfection. i understand it's a great business and it is disruptive, north of 100 times earnings. how high does it go? 150 times earnings? there is very little margin of safety and that would concern me. david: tony, are you concerned about tech. >> i'm not. there is one sector i like in tech more than others would be data storage space such as like seagate. i think a lot, there will be a lot of capital reinvestment by the public and the private sector this year. i think a lot of governments, worldwide will come off their austerity measures and you know, our research is telling us up to 20% of that new money will go towards setting up new
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technology. david: all right. but, dan, this is the point i was going to get to earlier. the interesting thing about these growth numbers, government spending has come down. a lot of people said inside the beltway the government spending goes down, the whole economy would suffer. that didn't happen, right? >> no. i think that's a terrific thing. they say if you added back what the government didn't spend it, would have been .9% greater on gdp. that would put us at 4.1%, that is pretty big growth. here is what i think. i like the fact that the government didn't spend and we still grew at 3.2% of the as your earlier guest, the first guest said the consumer is in the mood to spend. that is what is driving gdp growth. going forward that is great. david: keep focused on the private sector. that is where all the jobs come from, tony, scott, thank you, gentlemen. good to see you both. dan, we'll check back with you in a couple minutes for the s&p futures when they close. thanks, guys. fox business and fox sports taking over the nasdaq, celebrating the super bowl.
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liz as you just saw ringing the closing bell moments ago. let's head back down to the floor of the nasdaq. liz, what is coming up? liz: dave, call it british invasion, jaguar. that is how they pronounce it. first-time super bowl advertiser this year. the automaker decided to double down on money it was spending as soon as it saw how good its commercial was, $133,000 per second. is it really worth it? we'll going to show you the ad and we'll find out from jaguar. david: yeah, it is worth it, for a jaguar anything. google reporting moments ago. the stock at first was breaking to up upside. now you can see it is even where it ended. we'll break down the numbers for you. will the stock continue to run-up in 2014? speaking of tech earnings, facebook is soaring. up 15%. so, is the stock now overvalued? tweet us your opinion, at fbn,
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google are down after-hours. amazon much more than google right now after reporting fourth quarter earnings. let's head back to nicole petallides on the floor of the new york stock exchange for details. fast-moving story, nicole. >> it is indeed. we're watching amazon to the downside. it closed at 403.01. it is in the $377 range. outlook for revenue is light. earnings per share mixed. earnings per share came in at 51 cents and that was light. the analysts were looking for 66 cents. revenue came in at 25.59 billion. also light. 26.06 billion is what the analysts were looking for. the outlook going forward, also for first quarter, 18.2 to 19.9 billion. say the midpoint is 19.05 billion. guess what? analysts looked for 19.56 billion so the outlook is light. here is the good news on amazon, revenue did jump. sales rose 20%. we know the holiday season is
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obviously a big portion, maybe about a third of their yearly total. over the last 52 weeks amazon is up over 40%, however, tomorrow, likely to be under pressure if it is acting the way it is right now. david: it is. today was a spectacular day. tomorrow there may be a little bit of a reality like a hangover after a party. we'll see what happens there. thanks, nicole. let's bring in aaron kessler, raymond james internet analyst to break down google and amazon. adam shapiro is still with us. aaron kessler, google, let's start with google first of all. we were looking to try to find that charge for, for their sale to lenovo of motorola mobility. have you seen that anywhere, aaron? we can't find it. >> i don't think the deal is finalized. we won't see the charge until the deal is finalized. david: was that is surprise, to you, aaron they did it so suddenly or appeared to be so suddenly? >> terms of the sale it was a
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little bit of a surprise. if you go back couple years everybody thought the real purchase was the paterson portfolio which they are keeping. -- patent portfolio. they don't want to compete against eom manufacturers versus provider of software which they are through the ecosystems. not a huge surprise. david: adam shapiro, are you able to find anywhere, any mention of the sale to lenovo? >> not yet. thing i'm looking at, david, some analysts going into the report were talking about the fact that 68% of the google revenue comes from google websites and related situations. one thing you have to remember, with the smartphone market, 82% of the smartphone market using android operating system but only 25% of the smartphones with android operating systems shifted in the last quarter had included google services and google apps. this will be a problem perhaps going forward for their revenue. not today, but it is kind of a cloud over the head you would think.
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david: all right. here is the thing, aaron we're trying to decipher. paid clicks were up 302%. but cost per click went down 7%. is that a concern? >> not too much. they're trading clicks for pricing a little bit. stronger click growth, based on higher international growth we saw last quarter as well as mobile. mobile, remember is about 30 to 40 cents on the dollar versus a desktop click. we do expect increasing paid clicks but continued declines in cpcs. you have to look at the net number, that came out very strong at $15.7 billion to google, consensus was 15.4 billion. david: let's move on to amazon. what are the initial reactions to their numbers? >> amazon is strong for the quarter. came in at high-end of the range for revenues, for the guidance range as well as above the range for gaap operating income. i think one concern of investors right now is the guidance for q-1. at the midpoint guided lower
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consensus for q1 and gaap operating income is below the street of around 330. we were around 300 million in operating income for q1 the quarter is strong. little bit of a concern on guidance. e-commerce came in a little below expectations versus going into the quarter. david: were you looking for anything about amazon becoming a payment platform, something like paypal? there were indications they were getting into that kind of a business. they may be getting into it. is that the future of amazon? or will it become a big part of their future. >> we'll watch for that. clearly they are investing in the system and want to make that larger whether online or off-line. historically you see a little bit of pushback for retailers who view amazon as competitor and don't necessarily want to work with amazon on its payment platforms where paypal is seen as more of a third party, more on joke tiff player in the space. david: that's very interesting perspective.
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by the way, before we leave you, aaron, put those numbers back up, the after-hours numbers, trading a at 369. when you saw amazon over 400, did you feel a little queasy, maybe it was getting too high? >> definitely a lot of positives were getting built in. clearly investors were looking for a strong quarter. we got that. there is a little concern on guidance. guidance has been typically conservative from amazon. david: aaron kessler, always a pleasure from raymond james. thanks for coming on. adam shapiro thanks very much. as we're talking about google's decision to get out of the phone hardware business lifting a cloud from the internet giant creating a huge new opportunity for china's lenovo. lenovo's north american president jay parker will tell us how he plans to set up competition between wireless leaders apple and samsung. can he turn around motorola mobility when google couldn't? we're heading back down to the heart of super bowl boulevard where liz is live at
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the nasdaq marketplace. liz, what is coming up. liz: how do you like this line, it is good to be bad. that is what is jaguar hopes to get to buyers and super bowl viewers and doubles down with the full minute ad in this year's super bowl, jaguar's first. we'll show you a look at multimillion dollar campaign and shoot and we'll ask jaguar is the hefty price tag worth it. and we're here live, look what i found at nasdaq marketsite, cletus the fox sports robot who taught me dance moves. because that's what you do right, cletus? let's see you dance. ♪ i'd be a baker. [ woman ] i wanna 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 rson were you?
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liz: up on the big wall, fox business ringing the closing bell with fox sport's cletus the robot and the crowd is huge outside. it has been an absolute amazing start to super bowl weekend. speaking of which we all know that the other game besides the game is the game of watching all the super bowl commercial and call this one a british invase. jaguar is a super bowl new by, airing its first super bowl commercial this sunday. the company pulling out all the stocks with a multimillion-dollar production, that includes, jets, helicopters, buses and of course jaguars, right? joining me is jaguar north america's brand vice president is jeff currie. this is an incredible commercial. we'll show our viewers this so they can see you brought in an all-british production. talk about it. >> well we filmed this on location in london. we have a great british director, tom hooper, oscar winner. we have another oscar winner,
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sir ben kingsley, another act to be, tom huddle ton, one of hottest stars and mark strong. those are the brittish villains. they're bringing story to live on super bowl viewers this sun. liz: let's let people and viewers watch it right now. start the cock mergessal and listen to the actors in it. >> have you ever noticed in hollywood movies are brits? >> maybe we're so -- >> thank you very much. liz: so you see jets. you've ggt all kind of things. did you have to shut down london airspace? >> we got permission to fly over buckingham pal last, no-fly zone, first time ever. liz: you're kidding? how di that? they must love -- >> all british. all british. promotion of britishness. liz: music done byythe london symphony orchestra. >> filmed in "abbey road." it is really an all-british invasion. liz: let's talk about the cost. at $133,000 per second, is it
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worth it? >> absolutely. we couldn't be happier with what we're seeing already. over 3.5 million views online and growing every second. this sunday, 120 million people estimated to tune in, it is really only place you can bring your brand to that many people at one time. liz: it is all about the brand because it doesn't work if you have an exciting commercial and nobody remembers it was about jaguar. how do you make sure that is the message people got? >> you're absolutely right. it has to be 100% authentic and that's what this thought does. it is about being british and celebrating our britishness. we're a challenger brand, not the usual suspect in luxury car business and that is important to tell people about. liz: let's talk about the progress of this. you started with more modest aspirations first 30-second ad. that is what you thought you would buy. what happened next. >> we loved the spot. when we saw creative and saw what we had on film, it deserved a full 60 seconds. we filmed a movie in essence
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about the jaguar brand. there is real passion to the film and we think people will really love it so we went all-in. liz: you have the actor who played in thor, loki. he is a big heartthrob this england? >> he is worldwide. we're seeing on line and comments online for tom hiddleston are unbelievable. this is coming to jaguar, reaching much younger audience for our cars, meant forgoing forward. liz: ben kingsley, oscar-winning actor, hilarious, he was gung-ho to participate in is it. >> he was into it. they relished the script because they felt they were making a movie. this is cast, director who would be in a feature film. when they had the opportunity to tell this british story, and modern british setting all filmed in london came together. it was sort of magic. liz: but the cost is certainly grant. you have what, a $20 million ad budget for this particular
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project, correct. >> yeah. it is about that, yeah, exactly. it's a big investment, especially for a smaller brand like ours but we think it is worth it and we think it is going to really help us, even propel further from our fast-growing sales. liz: do you even have to wait until the game runs and ad runs before you know that it's a success? >> we think it is already a success because we monitor it from the moment we launched the spot. you can see second by second views going uponline. you can respond instantly to the tweets on our twitter page. it is incredible how responsive and instant you can get the reaction. liz: it is great to have you. thank you very much. >> appreciate it. liz: when does the ad run, which part of the game? >> tune in in the fourth quarter, we expect it to be a close game, and we think people love it. liz: jeff currie oo jaguar. fourth quarter, david, stay tuned. listen, it's a fascinating commercial. like a mini-movie. david: we'll stay tuned for that but also we're monitoring what is happening at amazon and
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google after-hours. huge drop in amazon. amazon is dropping ten% after-hours. look at this, more than $40 off its close today right now. that's a 10% drop. that is a big concern to investors who bought in today's very optimistic nasdaq rally that we saw. google by the way is trading a little above where it closed. so google is hanging on but definite problems for amazon. we'll see if this 10% drop holds tomorrow. we'll watch that throughout the rest of this hour. after-hours trading, not good for amazon. meanwhile google shocking markets by selling its motorola phone business at a huge loss to lenovo! coming up we're talking with lenovo's north american president, jay parker, how that company can do what google couldn't do, make motorola mobility profitable. also harley-davidson kicking into high gear. the company is looking toogang traction with non-traditional riders with its new bikes. the ceo of harley-davidson joins us in a fox business exclusive.
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gains, all 10 s&p sectors closed higher for the second time this year. led by health care and consumer discretionary. zynga is halted in after-hours trading following its early earnings release. the company announcing plans to cut 15% of its workforce. u.s. economy grew at a annual rate of 3.2% in the fourth quarter as consumers and businesses continued to spend. gdp for the second half of the year came in at 3.7%. it bass up sharply from 1.% the first six months of the year. well google dumping its handset business announcing it will sell its motorola division to china's lenovo. this deal is valued at $2.9 billion. remember google paid over $12 billion for it, google taking a huge loss from its brief ownership of motorola. how will lenovo turn motorola mobility into profitable?
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liz? liz: jay parker, lenovo north american president to tell us what the strategy will be for motorola mobility. jay, i was fascinating with you guys at the consumer electronics show highlighting your gangbuster phone business. my question, it is an interesting acquisition. certainly everybody is focused on this but how do you do what google couldn't manage to do, and that is make great phones at motorola mobility. >> hey, liz. i'm glad to be here first of all. we're excited about the acquisition. it has been a big week at lenovo but ultimately we are a hardware company. we've done something very similar with the acquisition of ibm pc company back in 2005. we grown that, number one in pcs, made it profitability. we're ready to make take the next step in servers and smartphones. david: jay a very good relationship with google. not only got a property pretty cheap that they spent 12 billion for, you got it for one-fourth
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the price. whether the question you continue the relationship in the same way, android, will you continue to use the android system, or, will you develop a new operating system of your own? >> no, our plans are absolutely to use the android operating system. it makes up the majority of smartphone sales in the world today. we do, as you pointed out, have a very strong relationship with google and we think this acquisition in the connection with motorola will only strengthen that over time and allow us to bring the market even better products. >> i would only say that motorola mobility does make a freight phone. moto x, i love it. i thought it was very impressive and i thought it was creative. will you continue with the moto x or does that go away? >> no, we will continue with the moto x as part of this acquisition. we had the motorola brand, when the deal closes, moto x, moto g, the droid brand and we will utilize those to their fullest. we did something very similar in
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the pc business in the ibm acquisition with the thinkpad brand and we have only built that over time to be even better and stronger than it was. we hope to do the same thing with the motorola brand and 57 flickable subbrands. david: you have the same brand, you have the same hardware and operating system, android operating system. so what's going to be different? why would you make money using the same product, the same background and the other guys couldn't? google couldn't make a profit out of it? >> yeah, a couple of things, first of all we have a very large smartphone business already organically as you guys know, we spoke about it before. we're number four in the world even before this acquisition. combine that with motorola and we have tremendous economies of scale. but, we're also, we're a hardware company that is used to squeezing profits out of low-margin products and pcs, we've done that and proven our track record there. we're starting to do that in
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servers and we'll continue that with the ibm server acquisition we announced last week. now we believe that we can do the same thing here with motorola phones. liz: we don't count lenovo out on anything considering they took, as we put it at consumer electronics show, a dusty brand ibm didn't even want with its thinkpad and you turned it into the biggest market share that you guys have. it is unbelievable how the world is warming up to lenovo pcs. you have the largest market share but not quite there. you're very big in smartphones in china, but how, what is the first step you will take at lenovo to make the phones that you will now get from motorola mobility to be super attractive, better than say the apple iphone and maybe the samsung galaxy? >> well you know as part of this deal we, there's 3500 motorola employees that will come over to lenovo. 2/3 of those are engineers both hardware and software. so with this comes innovative
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people. we pick up strong cross license agreement with the patents that google will maintain as well as 2,000 patents of our own and we feel very confident that we can port that innovation, combine it with innovation lenovo has inherently on our smartphone business and our p-cs, and then if we put on top efficiency and economies of scale i spoke of, we think it's a winning formula. we're confident because we done it before, not only with ibm pcs but we made other acquisitions. nec pc company. a company in western europe. stoneware, a software company. that is part of our core competency and we feel very confident we can make this work. liz: jay, we'll watch it and thanks for joining us on fox business, jay parker. thank you, guys. david: harvey davidson revving up earnings in the fourth quarter as it broadens its customer base and both in this country and overseas. we have a fox business exclusive with harley-davidson ceo and
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president about his expanding global ambitions and how much harley sales could rise this year. with super bowl fever sweeping through new york, new jersey, the whole northeast, 10 much thousands of football fans crowding the big apple, law enforcement agencies are cracking down on ticket forgers, counter fitters, prostitution rings, all the fun stuff. we'll go to super bowl boulevard in times square with the very latest. ♪ dentures are very different to real teeth.
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afghanian, in 2009. orbiting the moon in 1971. [ male announcer ] once it's earned, usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protecon. and because aa'commitment to serve current and former military members andheir families is without equal. begin your legacy. get an auto insurance quote. usaa. we know what it means to serve. liz: harley-davidson, one of the most famous and iconic motorcycle manufacturers in the rest is forecasting a rise in global shipments this year and in the midst of launching a new books as it hopes to attract a larger customer base, david. david: after 110 years in the business what is the secret to harley-davidson's success?
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joining us in fox business exclusive is harley-davidson's ceo and president. keith, wonderful to have you and a pleasure. you guys have been in business 110 years, but come back you made in past four years is nothing short of extraordinary. you lost 40% of your market share back in 2010 as a result of the downturn. what was the key to restructuring efforts? even before the economy came back and you restructured the company and became leaner and meaner than you ever have been before? >> right. thanks first of all thanks for having me on today. i think the key to the wheel thing was, you mentioned four years, but over the last few years we've set about transforming our company to be more more ready to at adapt to the changing world, right, that we're in. and it has to do with being more flexible and efficient in our manufacturing and manufacturing
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bikes that are closer to customer demand. it is about developing new models of bikes and bringing them to excite new customers. we call them outreach customers. also international growth we've an able to experience has been gratifying as well. who is the new harley rideer? the harley rider is baby boomer, middle-aged white male. but where do you see that people are super interested in buying harleys? >> right. well it is interesting, everywhere we go in the world, we're selling bikes in 89 countries today. you know, customers are just as excited about our brand as they are in the united states. i mean. they love the brand and what it stand for. we are really, particularly with the reveal of our new street
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bike, the 500 and 750, it is really about the new first global generation of urban riders and it is about the fact that, that these younger writers really know, no boundaries how they communicate, how they buy things, how they interact with one another. this is new exciting generation for us. we're making an university to bring those riders into our family. david: by the way, back to restructuring for a second, you made incredible deals with union reps. you could be mod schedule for detroit as they make their way through bankruptcy. how did you change strategy dealing with union employees, getting concession that is you needed? >> i think the first thing you have to sit down and have open,
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honest transparent discussions with our employees about reality of the business and that's what we did. most folks given the opportunity to really understand the facts and understand what's going on, they will come to the right conclusion. we were able to renegotiate labor agreement that is allowed us to be much more flexible in how we manufacture. allowed us to have a different different medical base and those kind of things. i think the idea of bringing everybody together and getting everybody to understand we're all part of the same company and we're all trying to achieve the same thing. david: great advice. liz: amen. keith, your shipments peaked in 2006 at about 250,000 per year. a lot of other things peaked then too including the housing market. can you ever reach the high peak
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once again and what will it take to get you there? do you believe you can do it? >> well, we certainly hope so. we've regained and started off by saying, you know, after that that high point we actually lost about 40% of our retail units. so that was a big drop. liz: sure. >> we regained about 20 to 25% of those sales. so really i think it is all about bringing new, exciting, wow products to market. that while growing our core customer base is also going to allow us to bring in new riders in a north america. we think about female writers, we think about younger riders, african-american, hispanic riders, we call those the outreach demographics if you will and also international riders. we're having great success in china, in india, in
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south america. we've been strong for a long time in western europe, australia, japan. david: don't forget those middle-aged white guys right here in the u.s. as liz is saying. i'm won r one of them. may be buying. keith, great to see you. great success. liz: thanks, keith. >> thank you very much. david: thank you very much, keith wadell from harley-davidson. great success story. liz: indeed. nasdaq marketsite in the heart of super bowl boulevard where you can ride a harley or a ride a toboggan. look at the vince lombardi trophy. you can buy plenty of swag. buyer beware, cases of counter fitting are on the rise. we'll tell you about that story next. stay tuned. ♪ ♪ [ male announcer ] wt kind of energy is so abundant, it can help provide the power for all th natural gas. ♪ more than ever before,
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liz: the law enforcement agencies are working overtime to try to stop a super bowl crime wave ahead of sunday's big game. fox news's rick leventhal joining us now live right here in times square. rick, they're trying to pass off everything including money? >> yeah. the breadth of counter fit something pretty staggering in fact. al counterfeiting is over $1.5 billion worth of goods seized last year alone, but nfl
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merchandise slightly lower number but still a major issue. the feds targeted it in an operation called operation team player specifically for nfl merchandise. an eight-month investigation beginning last june resulting in 350 arrests and seizure of more than $21 million in counterfeit nfl mid- we went along with the feds for a bust inside of a new jersey flee market earlier this week. >> sir, we're federal agents, okay? you need to step aside. we will seize the stuff, all right. >> are you owner? >> i'm the owner. >> come over here. get information from you over there. >> all right. >> you can't finish the sale? >> why? it is a good sale. >> but i understand but the hats are counter. >> the age cents seized clothing racks and cases full of counterfeit hats and jerseys and souvenirs and along with watches and sunglasses. they estimated value of $100,000 from that one vendor alone. that vendor was arrested by
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state police. authorities say no one should feel sorry for him. public is cheated by phony goods. american companies suffer and profits enrich criminal enterprises. >> there are legitimate retailers in the united states who employ hard-working americans who are selling officially licensed merchandise, who are undercut when someone sells a counterfeit item. putting those businesses, those operations out of business and putting those workers on the street. >> you know we could see first-hand it is tough to spot the fakes sometimes. they have tag that is look realistic. they have who grabs on those -- holograms on the tags. sometimes the stitching isn't as good and look as little off. the feds say if a price is low that could be a tip that the deal is too good to be true. liz: i would think so, rick. did i understand correctly, someone tried to pass a fake 10-dollar bill of some sort? do you have that? >> i don't know where you heard
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that but in fact i did get a fake 10-dollar bill in change last week. i don't think that was related to the super bowl. it might have been. but i mean there is counter fit money on the streets of new york. i did in fact received a 10-dollar bill. i did not pass it and turn it into the bank and get a credit on my tax return. liz: follow the rules. that is our rick leventhal. thank you very much. rick live thal, telling us david, got to be very, very cave. david: i love pictures of the bus. that was good stuff. a team of tesla employees races to set a new world record in a supercharged cross-country trek. we have the details. did they make it? we'll tell you coming up next. welcome back. how is everything?
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david: let's go off the desk. tesla model x drivers can make it coast to coast charging at supercharger stations according to tesla's ceo. to mark the occasion, two tesla teams racing to set a cross-country speed record in the model s from l.a. to new york. they're expected to arrive at the big apple on sunday. see if they can get across the bridge. number one thing to watch tomorrow, google and amazon. "tale of two cities" after-hours. google is up about 2% from where it closed. that is good news but amazon going in the opposite direction. they were down as much as 10%
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after-hours. they're down 8%. liz, all action as nasdaq, how do you know? liz: exactly. fox business ringing the closing bell with cletus, the fox sports robot. what more did we really need? it was amazing. david: amazon -- melissa: minimum wage debate reaches new heights. now hitting airlines. four carriers are urged to raise employee pay by at least a dollar. how much are you willing to pay to fly? even when they say it's not it is always about money. schwa the. melissa: the wage wars are going airborne in two of nation's major airports may soon taking flight. estimated 8,000 workers ad new york's laguardia and jfk airports will likely see hourly wages increase by a dollar. this comes after 32 peopl
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