tv After the Bell FOX Business February 4, 2014 4:00pm-5:01pm EST
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>> amazing tacking on to yesterday's gains. that was few names in the 326-point drop that had a green arrow. [closing bell ringing] liz: as the bell rings and ceo change from microsoft is not enough to help the stock. it is falling a third of a percent. there is green across the board here with the nasdaq bringing back about 34 of the 100 points it lost yesterday. not entirely as david mentioned wiping out those losses. russell 2000 up three quarters of a percent. still seeing gains, holding on to 71 points. david: everybody was looking for a pullback. a chance to get in. this is a pullback and apparently some people are getting back in. let's look at the front page headlines. u.s. factory orders fell by 1.5% in december. this is the largest decline since july. excluding the volatile transportation sector orders actually rose for the third straight month. liz: richmond federal reserve
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president jeffrey lacker predicted the economy will grow a little above 2% this year. that is at the low end of fed forecasts. lacker says he expects the fed to continue its bonn buying cutting program. david: sighs co-ceo john chambers reach ad cross licensing deal with google. it is google's second such agreement in the past month following a deal with samsung in january. liz: facebook, the networking giant celebrates its 10th birthday. mark zuckerberg said when he launched facebook he had no idea it would grow. david: details how much in a minute. arm holdings, the company behind the chips in 95% of the world's smartphones says fourth quarter royalty revenue increasing less than expected. the chipmaker blaming a slowdown in demand for apple and samsung devices. >> the energy giant, bp, reported a sharp fall in fourth quarter net profit, down 28%. that is due partly to weakness in its refining business and writeoffs in the exploration
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decision. "after the bell," are you ready? we start right now. david: let's get right to our all-star panel. we have bryan piskorowski, who is wells fargo says time to rebalance. chris necessary letter, has three ways to play a pullback. sandy smith is here. mash sebastian from the cme. mark, let's start with this question, is this market now oversold? >> it is interesting. we were, you guys were talking about the fact that s&p picked up a little bit yesterday, the dow picked up a little bit yesterday. one index that absolutely got plastered and gave everything it made yesterday, the vix, volatility index. what you think about the vix is cost of insurance. how much it costs to hedge a portfolio. on a day where the vix, where the s&p sold off 40 points the
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vix rallied three points, so a little over 21. on a day where we picked up 13, they gave all of that back. traders are basically saying, you know what? we don't need lots of insurance here. these selloffs have been orderly. if you sold out in the morning you missed most of the real trouble. it doesn't look like the market thinks there is a huge risk of us taking a massive, massive dive lower. so, is the market oversold? you know, i don't know. that remains to be seen. i think 100 day moving average of around 1770 will be a near term top. we'll see whether we can break back through that after we broke through it on the downside. david: right. >> but is the market at a level where traders are less worried about us flushing out 50 points, 60 points on the s&p 500? three or four points to the dow? i think so. liz: let me push bryan piskorowski, our good friend, brian. you're saying rebalance now? now, why now? might have been good maybe at the start of the year.
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you may have been saying but at this point we look ahead. we could get much better data. we've had a little bit of a shakeout, why rebalance now? >> well, liz, when you're breaking this down, remember we had a 32% run on s&p. followed hyped that from 16% from the year before. a lot of investors at least we're seeing here in wells they're coming into last year and this year overweight u.s. equities. looking at this on a risk/reward perspective, getting back to the benchmark asset allocation you originally set out with. that is part and parcel of process each and every year, quarterly, annually, whatever. looking at volatility in the international markets particularly emerging, a proclivity towards u.s. large cap by u.s. investors we want to make sure we get our equal balance across. tactically we're seeing markets back and filling that should be expected and part of healthy process given the size and scale of advance. what we want going forward to
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add to u.s. equities on pullbacks when you are underallocated. looking elsewhere on the international front. for example, we prefer to look at international developed versus international emerging, using that as a catalyst for a selloff. david: chris, yesterday we had dallas fed president richard fisher. he was trying to explain what happened to the mar getting over intoxication from the easy money from the fed. let me play your sound and get your reaction. >> i find it interesting those who were critical of our taking quantitative easing steps, are critical of our taking it away. shows you how intoxicated people became with easy money. it doesn't continue on forever an can not continue on. david: i guess what he said, richard, this is kind of the hangover phase we're in right now. we'll get over it but that is what is going on. do you agree? >> yeah. i think we're going through a repricing. we were cautious going into january. we raised cash less. so rather than reallocating, i
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think we're redeploying here as we go into the end of earnings season. we'll take advantage of those dislocations in companies that we really like. liz: nobody picks apart what is going on in the markets better than what is going on than sandra smith. you told us with the discussion about the volatility index. is that what you were watching today or something else that gives us a better sign what happens tomorrow or the days after? >> i heard one of the traders, mark sebastian in the pits of cme use the word orderly to describe this selloff. i think many would disagree with the fact that $2.9 trillion has been erased from global equities this year alone. that is only a few weeks, liz and dave. i was looking at the international markets, the hang seng, nikkei. the nikkei index over in japan, it fell over 4% overnight. it has lost about eight 1/2% so far this year and it is on its way to a bear market. it lost 14 1/2% from its bull market highs back in december.
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so, some of those global stock market indexes have gone way past correction mode and near bear market territory. that should be on the radar of every stock investor right now. david: brian, let's just talk about the global growth story for a second here because some people say it was oversold at the end of 2013. and they look at the ism numbers which of course drove the market down yesterday as an example of how it was oversold. what do you think? >> well, first on the nikkei, remember, it was up close to 60% last year. david: right. paper gains, paper loss, yes. >> that. on other side looking at global growth we think the global growth story is intact yet china is still obviously undergoing this transformation from export-driven economy to more domestic demand to help drive growth. that will be a tough process. so you're seeing some of that play into the market. obviously the market is a bit jittery here. that's why we're not falling you areourselves over emerging side. as china goes that is is what
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you have the play. i think the bigger perspective we believe the global growth story is intact and we're hitting a bump and we think investors should be shopping, not looking to run for cover. liz: that is exactly what liz ann sonders said. there is a global expansion right now. mark, this panic over the south african rand or russian ruble currency hard to grab the attention of a local investor or u.s. retail investor but should it? >> absolutely because if we hit a contagion occurrence then we could have all kinds of problems. but i would like to look where the s&p 500 is. all we've really done is reset ourselves from where we were right before the fed started their tapering process in the middle of december. so, you know, howl all i think this is resetting the fact we got a little ahead of ourselves into the end of the year as a lot of money managers chase returns. we fall right back into the 100
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day moving average level, we're in a place where we carnival wait the market and potentially, potentially rally from here. i think most dangerous investment for 2014 is long treasury bond, long quote, unquote, safety assets. i think that is where the real risk is. david: okay. >> i wouldn't go near a 10-year right now. david: sandy, one question on commodities because natural gas had a huge pop today! the question whether it is temporary related to the weather or what? what do you think? >> definitely weather-related. natural gas is always a very volatile commodity but we've had just a frigid winter and that has increased heating demand. that has spiked natural gas prices. you're looking at a one-year chart. it is quite remarkabbe. i know, liz, you and dave will talk to terry duffy at cme the unbelievable futures volume that created. liz: yes. >> that by far and away is one of the most successful commodities on everybody's radar right now. keep in mind it's a very volatile one as well. liz: absolutely. chris, let's get to what will
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really show us the money. what are you telling clients where to put their money at the moment? >> we continue to look at growth companies. we like areas in health care. we like companies like gilead, express scripts. we think their trajectory is still great. the growth story is still intact. even with marriage hearings falling apart, those are guys that are going to survive. another area is clean harbors which we think is very well-levered to the oil and gas fields. the cleans up a lot of the hazardous waste around the country. it's a unique asset, well-run by a founder. david: chris, brian, sandy smith, thank you all very much. mark sebastian, we'll come back to you in a couple minutes when s&p futures close. liz: sandra was just mentioning terry duffy. the stock market may not be benefiting from the fed's tapering past couple days but one company is, the cme. higher volume in interest rate products oh, yes, all the natural gas because of all this
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polar vortex drama. that is helping to lift earnings. what is the cme seeing now as volatility reins and tapering continues? a fox business exclusive with cme group executive chair and president, terry duffy. david: microsoft, they finally have a new leader. satya nadella. that is the new ceo. we'll talk to a former microsoft executive who supervised mr. nadella during his tenure at the company. did microsoft make the right move going for an insider as opposed to an outsideer? a first on fox business interview you don't want to miss. liz: we love to hear from you. today is facebook's 10 -- fbn's 10-year anniversary. tweet us. at nbnatb. ♪
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david: just about 40 seconds away from the s&p futures closing. let's go back to mark sebastian in the pits of the cme. what does it look like for tomorrow, mark? >> looks like we had longs that didn't want to go in long overnight, futures sold off five handles into the close. probably some people just reevaluating where positions are and getting out of overnight stuff and hedging off. david: good stuff. mark, thank you very much. >> thank you. >> buffalo wild wings just
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reported numbers moments ago. let's head back to nicole petallides, the super bowl company. everybody talked about this one. >> wild, wildings. what we're talk looking at buffalo wild wings, up over 80% a year ago. after-hours they came out with earnings per share of a buck 10 that surpassed analyst estimates of 1.06. here is a look at the revenue. revenue is a little light. 341 1/2 million versus 343.6 million. revenue came in a little light. the initial reaction was to the downside for the stock. the stock closed at 140.75. the bid ask is one 141 range. looking up about a buck or some so that is something interesting as well. when you talk about wild wings, i have two things to say. first is about the big game, right? the big sunday game. about 1.25 billion chicken wings were eaten on sunday roughly but the same-store sales numbers and growth numbers going forward,
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reaffirmed the forecasts. franchise locations saw growth. coowned restaurants saw growth. it looks so far so good for buffalo wild wings. a beat after-hours. david: thank you so much. nicole petallides, appreciate it. liz? liz: david, as you know, we've been standing here after every closing bell, the markets have been getting rocked partly due to the federal reserve of tapering of large-scale credit purchases, quantitative easing. the cme group is reaping benefits as higher volume, specifically in interest rate contracts help lift the company's earnings. does the cme expect these volumes to continue as the fed continues tapering? joining us now in a fox business exclusive is cme group executive chair and president terry duffy. hi, terry. thank you for being here. >> hi, liz, thank you very much for having me. liz: anytime. back in november i was in naples, florida, at the cme global leadership conference. you and i specifically talked about what a taper, if it were
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to come which it eventually did would mean to you guys and it was very, very good to the cme certainly. you guys have seen some volume spikes. january volume up 18% so far year after year. >> yeah. liz: tell me what you saw as soon as the fed started tapering? >> well, i mean, liz, we talk about our interest rate volume, our interest rate volume is up over 20%, euro-dollar complex in january. we only tapered back $10 billion a month. so out of the 80 some odd billion. so there's a long way to go but obviously participants are looking for a place to, you know, neutralize their risk and hedge the risk and doing it here in deep pools of liquidity we provide at cme group. liz: now it's a 20 billion. of course the second meeting they just announced it would continue. >> right. liz: that must make you guys very happy. do you anticipate the market's initial excitement i guess if you will, that spark plug has maybe blown or gotten a little bit weaker and won't see spikes
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in so oomph or as the fed conninues tapering you will continue to see the benefits? >> i think there's long way to go for us. we're sitting in a very good position. we're sitting on zero% interest rate environment, there are a lot of people concerned about what could happen. equities markets obviously tipped over. they continue to see tapering. there is no reason for for us to think any differently. liz: when you say a long way to go with tapering you mean a long way to go with benefits for your cme group? >> i think there will be fluctuation in rates, yes i do. as they continue to taper and get back to a more normalized rate environment, that will happen over a period of time, obviously. that's why i say it could benefit our products for many years to come now. liz: don't you hate when people say, cold enough for you in chicago? because deep freeze, please, the weather can be a boring topic but it hasn't been boring for you guys. you also saw a spike in volumes for natural gas trading.
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of those contracts and certainly, heating oil i would imagine. what has surprised you about this polar vortex? >> well, i have mean, you know, natural gas is a great one. we're up 30% in natural gas in january also. so it has been a huge volume-getter for cme, not only in our futures products but in the options on natural gas too, liz. so it has been quite volatile in there. one week we have a polar vortex and then it is 45 in new york the next day. so you know, the market and natural gas has had extreme volatility with the weather conditions. liz: we are bumping up against what could be another battle over the budget. i'm sure as ceo of a major u.s. and global footprint company it has got to be annoying to you. if you as a leader had the opportunity to speak not just to the president but congress what would you say? >> well i mean, we've seen the movie. we don't want to see it again. let's le, you know, have a adult supervision in the congress and
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let's get the budget resolved. i do believe that they have a deal basically done already. i don't think we're going to see any of the shenanigans we saw at the end of last year, liz. so i'm quite comfortable we will have a budget passed. will everybody like it? probably not which probably means it's a good budget. liz: that is always a sign that something was done correctly. terry, as we look forward to spring, and we know at the cme you have cattle futures, soybeans, everything else there, what potential do you see for opportunity? >> well i mean there's opportunity all throughout all of our asset classes, liz. what we're here to do as you% know is provide the liquidity for to mitigate that risk and we're seeing risk in interest rates right now. we're seeing risk in equity markets right now. but as you know interest rates play into all of our other asset classes. whether it is energy, food products or anything else at that we trade here. so that's a big component of what we do. so you know, whether you're trading soft products or trading interest rates i think you need
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to keep your eye on the ball here and manage your risk. so that is what we're here to do. liz: before we go, money is still cheap, terry. you could make a big acquisition? >> money is still cheap is correct, liz. you know, we have done a lot of acquisition as you know over the years. we put ourselves in a very good situation to trade asset classes that we have today under the group between the board of trade, the new york mercantile exchange and comex exchange along with the cme group. so we've done a really good job in that area already. liz: good to see you, terry. thank you for joining us exclusively here on fox business. >> my pleasure, liz. liz: sorry about the blawkhawks. david: when you see the right person in the right place at the right time you feel that the country is doing okay, you know what i'm saying? liz: that's terry. david: that is terry duffy. i don't think anybody would disagree. liz: i would work for him in a second. he is a brilliant leader. david: good news about the u.s. budget deficit but there is a sting in the tail.
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peter barnes is in washington to tell you about the sting and other details from the non-partisan congressional budget office. liz: microsoft's new ceo satya nadella takes the reins of the sprawling tech giant, first on fox business interview with the guy, the former microsoft executive who was once nadella's boss. we'll put the question to him. is nadella the right guy for the job those litt things still get you.
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david: time for a quick speed read of some of the day's other headlines, five stories in a minute of the first up, barclays ceo anthony jenkins forgoing his $4.5 million bonus. jenkins turning down the money because of regulatory penalties an lawsuits now facing the bank. time incorporated, planning to cut almost 500 employees as part of its efforts to i am
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simply fly the operating structure of its magazines. the layoffs account for 6% of "time"'s global staff. radioshack plans to close 500 stores in the coming months, super bowl ads notwithstanding. they seek to restructure the company. they secured $835 million in loan to refinance 625 million of debt in october. u.s. vehicle recalls hitting a nine-year high in 2013. national highway traffic and safety administration says automakers recalled 21.9 million cars and trucks last year. that is up 9% from the previous year. samsung holding its next big event on january 24th in barcelona. there is speculation the electronics maker will unveil details of gaat laxsy s5 bus bus that is today's "speed read." liz: galaxy camera is better than the iphone camera. david: don't use it in the commercials though. we can't afford to that have that happen.
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liz: federal budget deficit this fiscal year will be a smallest as percentage of the economy just before the recession, that is good news, right? congressional budget office says that will fall to 3% of the gross domestic product. >> good news but there's always a but. could the budget deficit increase in coming years? peter barnes here to break down the details. hi, peter. >> david and liz, compared to cbo's last projections last may the deficit looks better in 2014 thanks in parts to billions of unexpected dividend payments from the mortgage giants fannie mae and freddie mac it bailed out in 2008 as you recall. but the cbo now expects the long-term budget outlook to get worse under a new forecast for a weaker economic growth over the next 10 years due in part from the lingering effects of the financial crisis. it now sees the 10-year deficits totaling 7.3 trillion, up a trillion dollars from its estimates last may.
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cbo also took a new look at obamacare. for one thing it projects there could be the equivalent of 2 million fewer people in the workforce by 2017 than might have been there without obamacare. cbo analyzed government subsidies for lower income families that will help them purchase coverage in insurance exchanges. the cbo says those subsidies could discourage some people from seeking more work and making more money because the subsidies shrink with higher income. the more money you make. other people might just quit working all together to qualify for expanded medicaid. >> all of that analysis on our part led us to conclude the effects of the affordable care act on labor supply would be a good deal larger than we had thought originally. >> republicans are using the cbo report today as new ammunition to hammer obamacare but the white house says cbo's analysis showed a loss of jobs that the
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loss of jobs would not necessarily come from employers cutting positions but rather from some workers voluntarily choosing to work less. david and liz? david: peter barnes. liz: a lot of ifs and coulds. david: all these forecasts. you wonder. thank you, peter. a lot of pages. luckily he is the one that has to go through them. transports, often seen as a barometer of the economy, so far this year transports are off to a rocky start. what is going on in the sector and what is it telling us about the state of the economy? we'll talk to the ceo of the trucking company ryder systems in a fox business exclusive coming up next. liz: microsoft names a new ceo officially. it was well-telegraphed. everybody was chattering about that man. we're talking to one of his former bosses at the company. is satya nadella, the new ceo, is the right person for the job? what should he, what will he do first? it's a first on fox business interview with brad silverburg. stay tuned.
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compared to what the social networking giant as become. here is some of numbers. facebook has not a million, 1.2 billion active monthly users all over the globe with 81% living outside canada and the u.s. the company says that 757 million of these users log on to the site each day and 55% log on more than once per day. face pock's profit, well in 2013, $1.5 billion. that is 30 types the $53 million profit that reported just a couple years ago in 2012. and in 10 years the company's founder and ceo mark zuckerberg, well he went from harvard student to number 24 on for's most powerful people list -- forbes. with a net worth of just $19 billion. liz: good for him. we love to see that. a much older tech company, microsoft has a brand new ceo. he is actually not brand new. after 14 years at the helm microsoft ceo steve ballmer is replaced by satya nadella.
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he has been there quite some time. will he be able to revive the technology giant? is the game-changer the company needs? david: joining us for a first on fox business tinner view, brad silverburg, founding partner of ignition partners and a former microsoft executive. brad was actually once nadella's supervisor or one of them anyway. brad, thank you so much for joining us. appreciate it. nadella, as liz just mentioned, he is a2 year veteran of microsoft. he has been there a while -- 22 year. there was a lot of talk bringing in an outsider someone like alan mulally of ford. what would have been wrong with that? >> thank you very much for having me on the air today. david: thank you. >> i have known sat yaw quite a while. he worked for me back in the mid '90s. i think he is a extraordinary executive.
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microsoft needs a strong visionariry, someone that knows how to work the organization. as you heard microsoft is difficult for an outsider to come in and. david: why is that, brad. >> a complicated culture built by steve and bill over the years. just a long track record, as senior executives come into the company, they have been rejected. they have had very hard time being effective and have failed. so having a strong insider who knows the organization, he knows how to make the organization succeed, he is somebody people love working with. key people, everybody who has worked with satya, wants to see him succeed. so he is going to be able to hit the ground running and be ble to have an impact. i think 2014 is a absolutely pivotal year for the company.
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it is perhaps the most important year in the company's history. and i think somebody needs to be effective from day one and not spending a year learning how to mmke de-- liz: you're making a very good case he is the right man. i'm guessing that is exactly how you feel but people need somebody in there who is also going to buck the trend that has been going on for quite some time and part of that might be to spin off the xbox business, the skype business. do you think that he will have the where with all and fortitude to do something like that? and is that even the right move? >> well, certainly what satya has been able to do in the enterprise business, has been able to buck the trend what was happening inside of microsoft. microsoft, for years was notoriously insular and ignoring many of the outside trends that were driving the industry. liz: like mobile, like social. >> like mobile, like social.
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like linux. some new server tools veried on open source, developed outside of microsoft. microsoft very reluctant to support these technology that is were not developed or the ipod or i'm sorry the ipad or the iphone or android. you don't see full version of microsoft office running on these devices today. so there has been this revolutionary change that has been happening out side of microsoft that microsoft has not been part of. when sashay became -- satya, became head of the new enterprise business he has done a remarkable job turning that around. david: brad, let me ask, our time is short. i want to ask about bill gates. he is getting a new role as well. i'm thinking he must have been a little antsy sitting on the outside. he is going back on the inside. will he now have a new pivotal role in microsoft? what do you know about it? >> i think he will. i think bill is re-energized by
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the opportunity to work with satya and get satya off to a fast start and helping to transform the company. it needs to be transformed. it needs to be transformed from a technology standpoint. it needs to be transformed from a cultural standpoint. i think satya is the guy to do it. liz: what unit ever the company do you think is most important that can lead microsoft out of the doldrums? out of the doldrums, they actually do very fine business but is there one division that has to come out swinging here? >> i think it has to continue to be the enterprise business. that is the heart and soul of the company. it needs to embrace mobile in much more substantial way. it needs to continue to do what it is doing on the cloud. i think it needs to make improvements obviously in windows. windows 8 has not been the success they were hoping for. at the same time the center of gravity from the country is shifting from windows to azure and the cloud. i think it is noteworthy to see
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satya is somebody whose background is not in either windows or office but in the cloud. liz: we still all use windows around here. so it is definitely the cash cow. brad, good to see you. thank you very much for joining us. >> pivotal year for microsoft. >> thank you very much. david: an important year. liz: brad silver berg was a great executive. so he is somebody to listen to. david: forget high gasoline prices. truck rental and leasing company ryder systems is banking on a alternative energy source to future growth. we have the chairman and ceo joining news a fox business exclusive coming next. liz: top executives recorded multibillion dollars gains thanks to last year's stock market rally. we'll tell you which corporate insiders scored big bucks. that is coming right up. ♪
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they're calling it equity award. they call it that because they're restricted stock units but $100 million worth. in addition to that, by the way he got $6 million annual discretionary cash bonus payment. that is cash money. eric schmidt doing very well. liz, this is according to "the wall street journal." liz: smart guy. congratulations to him. we like success, right? most investors were happy with last year's big market gains, double-digit percentage gains for many indexes. there were a few that really had something to smile about, corporate leaders. they notched up million at this million dollar paper gains for their shares. google's sergey brin saw them rise by $8.8 billion. google's stock soaring 58% in 2013 that would bring in larry page the cofounder and current ceo of google, he saw value of his shares rise by nine billion. at number three, we've been talking about him all day, mark zuckerberg of facebook. the value of his share holdings
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rose by 11.9 billion. shares of facebook rose 105% last year. number two, jeff bezos of amazon. hear it for him, value of amazon stock holdings rose by 12 billion, david a shares soared 59%. at number one, the young whippersnapper himself, warren buffett, ceo of berkshire hathaway. the net gain of his berkshire stock holdings in 2013 was $12.7 billion. shares of his company rose 30 go% in 2013. david: not liz, not bad at all. if you want to get idea how the economy is moving you can't do better than speak with ryder systems. they missed on revenue while 2013 was a terrific year for ryder. are they seeing signs of a slowdown so far this year or is the u.s. global economic recovery going to keep getting stronger? joining us in a fox business exclusive, is robert sanchez, ryder system chairman and ceo. robert, great to see you.
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thank you so much for coming in. let's get right to what happened yesterday. we had the stock market, don't want to call it a crash, but big downturn of 300 points on the dow, primarilily because of that ism number, the manufacturing number. , was much lower than what was estimated. are you seeing any direct signs that would indicate the ism number was the norm, not an exception? >> we have not. we actually saw, certainly last year, through most of the, we have two product lines that are really indicators of the economy. the first one is our truck rental business where companies come and rent for us with short-term spikes and demands and needs for trucks. that was relatively stable and performed well throughout most of the year which said there was activity in the economy. in the second half of the year we saw an increase in our leasing, our truck leasing business. that is where they have to make long-term commitments, six-year commitments to lease a truck. that is usually see a sign of
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increased confidence in the economy. we saw that improve second half of the year. we saw that part of the business second half, which was largest increase we've seen in a very, very long time. so overall -- david: pretty optimistic about the way things are going. it is just really the past month that the stock market has gone down and some of that pessimism has begun creeping in. i know it is very short term, what about the past month, the month of january? >> yeah, we're, it is still early are missing what is going on in the economy in terms of -- strong utilization in january. which means we're still seeing demand for those trucks to move product. david: i got to ask about something that many people don't necessarily connect to your business. that is the natural gas boom. natural gas requires a lot of shipments of stuff, everything from sand to water, et cetera, shipping it in, shipping it out.
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have you guys seen any direct benefit in your business from that business? >> we certainly have. on two fronts one front we do participate in the movement of the product that is are needed to extract natural gas. we have a part of our business in supply chain that does that but we're also a consumer of it in terms of we have a fleet of now about 500 natural gas trucks that we lease and rent to customers and we expect that to grow to a thousand. we have now run around 20 million miles on those strucktrucks since we girls got them. so we learned a lot about them. we've seen the infrastructure being built out for that which is really helpful. there are four to 500 commercially viable fueling stations for natural gas trucks which is really a biggings big part of what need to happen in order to grow out that business. david: that is huge. >> growing 30 locations per month. so we'll see that continue to grow and we're very optimistic
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what is going on. david: who cares about the price of gasoline when you have natural gas trucks? it's a wonderful alternative. the other thing that is not necessarily directly associated with your business but i'm sure you benefited from are all the warehouses as a result of internet businesses. internet businesses like overstock.com and of course amazon they need these warehouses. i'm sure that plays right into your business as well, doesn't it? >> correct. we run warehouses for dedicated warehouses for companies and these internet companies are certainly within what we target and customer base. david: robert, finally even if things do slow down a little bit or at least not as robust as we thought they would be at end of 2013, james ryder, the guy who started your business, started it in 1933 right in the middle of the depression. he started with one truck. i think it was a ford truck and built it up. i'm wondering if that history of your company plays into sort of
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defining the characteristics of it still? >> absolutely. jim ryder started as you mentioned at south beach, those famous hotels that you see on tv all the time. jim was working construction, building those hotels when he had the idea of buying his first truck. and really his focus on customers and doing whatever he needed to do to serve customers is really still the spirit of ryder 80 years later. david: even when times are tough, some people get started. robert sanchez, great to see you, my friend. thank you. continue to do well. appreciate you coming. >> thanks, david. david: thanks for the exclusive. liz: he continues to be a great leader there. does your kid or even you, do you want to be james bond? one british car dealership is selling a toy version of a classic aston martin but wait until you hear how much this aston martin db, jr. is? david: i want it. i want it. liz: look at that! david: much of the u.s. bracing for yet another arctic blast.
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not only getting cold but more snow. many of us are saying enough already. there is one business that's loving it. jeff flock is right in the heart of it. he is having fun according to a new study. the polar vortex end up costing stranded travelers $2.5 billion in a lot of productivity, lodging expenses and food. that is a chilling economic impact but jeff flock and those snowmobiles coming right up. ♪ dentures are very different to real teeth.
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david: sealed connector soon since, exhale cold weather continues and people had enough of snow but the snowmobiling business can never get should have. liz: jeff flock joins us now. >> i'm on back of a snowmobile. apparently i couldn't drive it anymore. i almost turned one offer? >> you came close, jeff. we had to ban you. >> so it goes. it's a great year for snowmobile. look at why. number one we have snow flying out here. it has been one of the snowiest chicago's on record, true across the midwest, right? >> i've never seen snow like
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this into my lifetime. >> brian not only rides snowmobiles but sells them. you sell the big ones, polaris, arctic cat, those guys? >> we sell polaris and ski-doo. >> polaris and ski-doo of the that's right. it has been a great year. overall it has been a great year. >> it has been a great year. polaris's earnings are through the roof. >> these things are pretty powerful. take a look what jason is doing over here on this one. that is pro, what do you call that one? >> that is a pro r? >> you do all kind of crazy stunts. >> it is likely to be become a olick pim sport. >> you never know. >> i leave with you the polaris and arctic cat charts, five-year charts, over 1,000% for one of them. 800% return for the other one. snowmobiles getting big, particularly big. go ahead and gun it. oh, boy. david: be careful, don't fall
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off. jeff flock, thank you. he did it. liz: we know aston-martins are expensive. who knew even a toy aston martin could put a big dent in your wallet. we'll tell how how much the mini aston martinno is selling for straight ahead open to ambition. open to boldids. that's why n york has a new plan -- dozens of tax free zones all across the state. move here, expand here, or start a new business here and pay no taxes for t years... we're new york. if there's something that creates more jobs, and ows more businesses.. we're open to it. start a tax-free business at startup-ny.com. but with less ergy, moodiness, i had to do something. i saw mdoctor. a blood test showed it was low testosterone, not age. we talked about axiron the onlynderarm low t treaent that can restore t vels to normal in about two weeks in most men. axiron is not for use in women or anyone younger than 18
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or men with prostate or breast cancer. women, especlly those who are or who may become pregnant, and children should avoidt where axirons applied as unexpected signs of puberty in children or changes in body hair or incased acne in women may occur. report these symptoms to your doctor. tell your doctorbout all medical conditions and medications. serious side effects could include increased sk of prostate cancer, worsening prostate symptoms, decreased sperm count, ankle, feet or body swelling, enlarged or painful breasts, problems breathing while sleeping and blood clots in the legs. common side effects include skin redness or irritation where applied, increased red blood cell count, common side effects include skin redness headache, diarrhea, vomiting, and increase in psa. ask your doctor about axiron.
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♪ [ male announcer ] you're watching one of the biggest financial services cpanies in the country at work. hey. thanks for coming over. hey. [ male annouer ] how did it come to be? yours? ah. not anymore. it's a very short story. come on in. [ male announcer ] by meeting you more than halfway. it's how edward jones makesense of investing. liz: let's go off the desk. what if we told you there was a toy car that cost just as much as a mid-sized sedan? a british automobile dealership is selling this aston-martin db,
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jr. it is styled to look '60s aston martin db convertible. it is designed to go 40 miles an hour. david: not bad. that is why we bring you "money" with melissa francis. >> i want to say how deeply sorry we are for the impact this incident has had on our guests, your constituents. we know this breach has shaken their target -- confidence in target and we're eager to earn it back. melissa: what do credit card hackers cost stores like target in dollars and public trust? congressman lee terry is here to start it off because even when they say it's not it is always about money. melissa: it is the big story today, those hit hardest by hack attacks testifying in a senate hearing over the massive cyber
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