tv Markets Now FOX Business February 20, 2014 11:00am-2:01pm EST
11:00 am
chilling out $19 billion for what's app. new trouble for the keystone pipeline. what could that mean for thousands of american jobs. something we will be talking about just ahead. peter barnes, at this hour exclusively talking with the u.s. trade representative. stay tuned for that. the powerball fantasies are over. winning $425 million. someone got that ticket out in california. ♪
11:01 am
11:02 am
time. right now we are seeing a pattern with lots of green arrows across the board. the dow jones industrials up. almost a half of 1%. just like the tech heavy nasdaq. the s&p is getting -- walmart with some tough numbers out. back to you. dagen: what's app. that is how you are supposed to say it. connell: some mixed reviews from the analysts.
11:03 am
11:04 am
delivering engagement. they're taking a more positive stance. the strategic rationale is sound. here is something i loved researching. he tweets hear all about it. it is amazing how things change. >> it is. tac is something a lot of people are talking about. we bring michael bloch in. good to see you. what is your first reaction?
11:05 am
>> my first thought is i am not a what's app user. i do see that there could be merits here. you are right. sometimes we are out of it on these types of things. >> it is a lot of money. it is money that they do have. they have time warner and aol merging. connell: remember that big news conference that they had.
11:06 am
right now we are not looking at valuations that are overstretched. time will tell if that makes sense. connell: you use the expression. what is the time we are in right now? >> right now i think we are in sure time. it is not silly time. nothing is really stretched ear. we have come a long way in equity markets. we had a jump down in january. turkish currency moves should not really affect us, but yet it did. connell: just a pullback that we needed. >> i do think that we are moving around. i do think that the global central bank policy is remaining
11:07 am
easy. i think that means a lot here. it does not mean that we are going straight up. connell: not as concerned about the fed. we kind of know what we are dealing with their. his concern was china. is that still chief among your issues? >> first of all, i do not have a pet issue. i think that they will remain easy here. i do not think that they will tighten rates until after the 2016th presidential election. i think for political reasons that just will not happen. connell: that will help stocks? do you have any big worries? >> i am not worried about growth. my noise concerned, my
11:08 am
short-term concern is that some of the wealth management stocks have turned into a torrent that becomes a distraction. it could create some noise which could create your kind of five- five-7% corrections that will be a problem. connelll good talking. now you know what what's app is. dagen: another major roadblock. a judge striking down a nebraska law that allowed though pipeline to proceed through the state.
11:09 am
connell: what will it mean for thousands of jobs. monica crowley joins us now with the latest. now there is another legal obstacle in the way of building this pipeline in addition to all of the obstacles we have seen so far. it is a setback. it will be challenged. dagen: it has already been five years. i guess the domestic agenda was focused on the oil in north dakota and montana. a lot of that oil is now moving in other ways because oil companies that are getting it out of the ground could not wait for this. >> that is right.
11:10 am
transcanada has said we will ship it to china. we will ship it to other places. a lot of the unions want this. we have this legal also call that will delay us even further. i know the judge is holding it up now. at some point you still get the feeling that it does get done. look, obama's own state department issued a statement two weeks ago saying there is not really a significant degree. it has been under review for five years.
11:11 am
11:12 am
the big story overseas continues to be what happened yesterday. we will have details what we come back. dagen: president obama facing resistance from his own party. we talked exclusively about that. connell: from the world of retail. gasoline. a band-aid from the government to do that. we will tell you how much coming up on markets now. ♪
11:15 am
11:16 am
ukraine's capital city. earlier truth cookware by the russia backed president was quickly showered as fresh gunfire quickly hit the streets. at least 70 people have been killed during clashes today. there are also reports that demonstrators have taken 67 police officers captive. they are continuing to burn as several thousand protesters remained at the square. the white house now weighs in. the administration urging ukraine's president to withdraw forces and allow demonstrators to express themselves. dennis: raising the hourly pay to nine dollars an hour.
11:17 am
this move will increase pay for 65,000 of its 90,000 employees across all of its u.s. store brands. dagen: i think it is about $10.50 an hour. they are about 20 states that have a minimum wage higher than the federal minimum wage anyway. what may have been nationwide. connell: makes him more money. dagen: here are your favorite twins. not the olsen's. making a big bet on.
11:18 am
11:19 am
3 million lines of code, 40,000 sets of eyes, or a million sleepless nights. whether it's building the world's most advanced satellite, e space station, or the next leap in unmanned systems. at boeing, one thing never changes. our passion to make it real. ♪ my dad has aor afib.brillation, he has the most common kind... ...it's not caused by a heart valve problem. da it says your afib puts you at 5 times greater risk of a stroke. that's why i take my warfarin every day. but it looks like maybe we should ask your doctor about pradaxa. in a clinical trial, pradaxa® (dabigatran etexilate mesylate)... ...was proven superior to warfarin at reducing the risk of stroke. and unlike warfarin,ith no regular blood tests or dietary restrictions. hey thanks for calling my doctor. sure. pradaxa is not for people with artifial heart valv. don't stop taking pradaxa without talking to your doctor. stopping increases your risk of stroke. ask your doctor if you need to stop pradaxa
11:20 am
before surgery or a medical or dental procedure. pradaxa can cause serious, sometimes fatal, bleeding. don't take pradaxa if you ve abnormal bleeding or have had a heart valve replaced. seek immediate medical care for unexpected signs of bleeding, like unusual bruising. pradaxa may increase your bleeding risk if you're 75 or older, have a bleeding condition or stomach ulcer, take aspirin, nsaids, or blood thinners... ...or if you have kidney problems, especially if you take certain medicines. tell your doctors about all medicines you take. pradaxa side effects include indigestion, stomach pain, upset, or burning. if you or someone you love has afib not caused by a heart valve problem... ...ask your doctor about reducing the risk of stroke with pradaxa. so ally bank has a that wothat's correct.a rate. cause i'm really nervous about getting trapped. why's that? uh, mark? go get help! i have my reasons. look, you don't ha to feel trapped with our raise your rate cd.
11:21 am
if our rate on this cd goes up, yours c too. oh that sounds nice. d't feel trapped with the ally raise your rate cd. ally bank. your money needs an ally. which will cause me to miss the end of the game. the x1 entertainment operating system lets your watch live tv anywhere. can i watch it in butterfly valley? sure. can i watch it in glimmering lake? yep. here, too. what about the dark castle? you call that defense?! come on! [ female announcer ] watch live tv anywhere. the x1 entertainment operating system, only from xfinity.
11:22 am
11:23 am
a report about the global pipeline. ninety-five gigawatts. one do the walking gait you about a million. 50 megawatts or more. during the oil crisis, he was like how the heck do we get around this in the future. how far these stocks have come particularly in the last year. this year they will do 400 million. it is just a money making
11:24 am
machine. they have a strong pipeline. they deal with seven of the top homebuilders in the country. i just think that the stock will go higher. this is one of these things. there are two things. connell: you have been up front about it. charles: it is a top priority. dagen: a very large chunk. exactly. charles: walmart is complaining
11:25 am
that cutting food stamp is the problem. connell: you would never invest anything controlled by the wiggle boss twins. charles: i would not. i have drawn a very firm line with that. the great wall of china. dagen: they are creepy. charles: too creepy for me. facebook lawsuits. they say mark zuckerberg stole the idea from them. that is what you get when you try to win one over on a nerd. we have a new bitcoin venture. they have launched their own pricing index. connell: that is funny.
11:26 am
charles: they could have come up with a better name than that. dagen: it is a blended price index. the twins are now waiting for the exchange commissions a blessing. [laughter] connell: are you seriously crying? connell: hello, everybody. how is it going? the powerball. the powerball last night, for to 25 million. the payoff is 242 in cash. one winning ticket. it was not us. check your ticket. it is just north of san jose.
11:27 am
the store itself will receive $1 million for selling the ticket. this is pretty good. 425. congrats to whoever had that ticket. after the release of the fed minutes, a conversation that has not been had in a while. a possible increase in interest rates. coming up here on the show. dagen: fresh off president obama's summit. peter barnes has an exclusive sitdown with trade representative. you do not want to miss it. next. ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in ve, get married, have a couple of kids,
11:28 am
[ children laughing ] move to the country, and live a long, happy life together where they almost never ght about money. [ dog barks ] because right after they get married, theyl find some financial folks who will talk to them about preparing early for retirement and be able to focus on other things, like each other, which isn't rocket science. it's just common sen. from td ameritrade.
11:31 am
connell: back with a couple stocks to keep an eye on. >> let's take a look at a couple names. four of the five names with up arrows. it is that kind of day. groupon over the last year is up 80%. that has been a stellar performer. hewlett-packard two. priceline up over 85% in the last year or so. recently hitting some new highs. watch these five names today. we will bring you all the news pertaining to each of these companies. back to you. dagen: thank you, nicole.
11:32 am
dagen: peter barnes is live from the white house with an exclusive interview. peter. >> that is right. we are here to talk trade with mike from and who was with the president in mexico. we are looking for a briefing on what happened yesterday in mexico, particularly on this trans atlantic partnership. did you make any progress? clearly one of the areas is working well in the transpacific
11:33 am
partnership. this is 12 countries representing @e are down to some very difficult issues at the end of the day. we are all working very hard to bring it to a close. you should be able to get a deal on this trade agreement this year. will that happen? >> we will make as much progress as we can, as quickly as we can. a high standard ambitious comprehensive agreement. all countries are focused on the major gaps.
11:34 am
there are issues like agriculture access to japan, access to canada. then there are the issues of the standards. putting disciplines. strengthening intellectual property rights. the digital economy. creating new rules for the digital economy. a lot has happened over the last 20 years. this is our opportunity to upgrade. raising labor standards. it is a great opportunity. >> let me ask you about mexico. the president said he told the prime minister that there is a process that the united states is working through.
11:35 am
>> the president made clear that the process that the united states government is involved and to make a determination. >> the big trans atlantic trade agreement you are trying to negotiate with the european union, the eu and you just started those talks in the last year or so. you met this week with an eu negotiator on that. what is the progress on that deal? >> it is coming along well. we see many of the issues in similar ways. the focus of our discussion this week was on new issues.
11:36 am
that involves bringing together two well-regulated markets. finding ways without compromising the level of health, safety and environmental protection. this allows you to get deals. a lot of democrats are concerned about environmental and work place standards. republicans are worried about giving the president more powers. are you going to get fast-track authority this year through congress? it is an election year.
11:37 am
11:38 am
dagen and connell, watch for that. developing news in the world of our central bank. just rescheduling its hearing. janet yellen. a week from today is when she will appear. it may raise short-term interest rates. what does former atlanta said executive vice president at cumberland advisors think? >> the market did not read the minutes correctly.
11:39 am
the fed has a tapering process. after each meeting. that means the process will not be completed until around december 2014. they are fairly precise about saying they intended to keep rates low for a period of time beyond that. that puts it about the middle of 2015 which is pretty consistent with what dennis lockhart said the other day. dagen: it is odd that some investors reacted the way they did to the minutes. is a communications problem in the making? it still keeps people on edge a little bit.
11:40 am
11:41 am
dagen: one at a move-up and longer-term interest rates do more damage to a still recovering economy been moving up short-term interest rates? the federal reserve not directly controlling interest rates. >> one of the big links is to the housing market and mortgage rates. if you start seeing an uptick in mortgage rates because long-term rates are going up, then, yes, that will put downward pressure on the housing market. in particular areas where it has not been recovering as fast as florida and california and other places. dagen: bob, good to see you. be well. >> thank you. connell: blockbuster. it is not what it once was. why is anyone in this business?
11:42 am
well, we will find out from our guest coming up. dagen: guess what i did in college. manage video stores. connell: we will be right back. dagen: i did not make videos. ♪ [ chilen yelling ] [ telephone rings ] [ shirley ] edwa jones. this is shirley eaking. how may i help you? oh hey, neill, how areou? how was the trip? [ male announcer ] with nearly 7 million investors... [ shirlehe's right here. hold on one sec. [ malennouncer ...you'd expect us to have a highly skilled call center. kevin, neill holley's on line one. ok, great. [ male announcer ] and we do. it's how edward jones makes sense of investing. ♪
11:44 am
♪ >> i am jo ling kent with your fox business brief. the labor department says the price index increased one tenth of a percent. walmart offering a weak profit outlook as economic pressures are expected to keep weighing on low income shoppers. that is falling short of analyst estimates. the federal reserve was set to testify. after the senate banking committee canceled the hearing because of a recent snowstorm. that is the latest on the fox business network. giving you the power to prosper. ♪ for over a dece
11:45 am
millions have raised their hand for the proven relief foof the purple pill. and that relief could be in your hand. for many, nexium helps relieve heartburn symptoms from acid reflux disease. find out how you can save at purplepill.com. there is risk of bone fracture and low magnesium levels. side effects may include headache, abdominal pain, and diarrhea if you have persistent diarrhea, contact your doctor right away. other serious omach conditions may exi. for many, relief is at hand. oid you te clopidogrel. ask your doctor abouxium.
11:46 am
connell: people are always saying video killed the radio star. nothing has been able to completely kill video stores. a million stories. the numbers show that you are doing pretty well. why are you still in this business? >> been in the business for 30 years now. i do not know what else to do. we have only had one down year in 30 years. that was then 2004.
11:47 am
our same-store sales are still up. connell: why? given the trends that i do not go out and rent as many videos as they once did. using netflix or as many as we once did. there are so many other ways to do it digitally that we do not frequent the stores. it does not seem to make logical sense. >> i do not think people realize, we get movies 30 days before redbox and netflix. i think that people still like to connect. people like to be there for a long time. people come in. they see their friends. they see other kids and family
11:48 am
members. they have a great time in our stores. connell: to her pizza place works and with the video ssores. >> we have 51. we are opening 75 pizza businesses this year. it is called marco's pizza, by the way. you'll be able able to order online from home. have your pizza delivered and we will fail to deliver a movie with that pizza. you will save a trip. how do you adjust to that component? how do you adjust to that particular component.
11:49 am
what about your download as opposed to your hard copy? >> those really are not, those are not new release movies either. connell: 30 days early. >> on downloads it is even longer than that. netflix, they will not get hot movies for six months after us. they really are a subscription model. they base that on tv. you are subscribing to tv shows. i do not even think netflix's streaming competition for us. >> absolutely. what we have done is, you know, we own all of our real estate. we take our stores and slowly chop them up. i do not see that happening.
11:50 am
it does not mean in six years it will be over. connell: i do not know if dying businesses right, but if you get people on -- thanks a lot for coming on. >> thank you. dagen: i managed video stores in college. a couple of them. connell: it always has to be about you. really. dagen: there was no pornography.
11:51 am
11:54 am
11:55 am
we have a dramatic spike. we got the crude oil inventory report out. they rose by 1 million barrels in the latest week. a million build was expected. nonetheless, we rally less. we are still unchanged on the session. on the other hand, are above gasoline is your wholesale gasoline. it has been climbing this year. unchanged as well. as we had earlier seen a decline. we got this report out that got a holding gasoline. dagen: hotel tonight is the app that is changing the way
11:56 am
travelers book last-minute rooms. one of the founders is here. connell: elizabeth macdonald brings us the reports on the tragic deaths of seven bankers in recent months. liz will have that coming up as markets now continues. ♪ ♪on the road ♪ and we know that it goes on and on ♪ [ female announcer ] you're the boss of yr life. in charge of making memories and keeping promises. ask your financial professional how ncoln financial can help you take charge of your future. ♪ ♪ ohoh, all the way ♪ oh, oh and she might have if notor kari, the identity thief who stole jill's social security number to open credit cards, destying jill's credit and her dream of retiremt.
11:57 am
every year, millions of americans just like you learn that a little personal information in the wrong hands could wreak havoc on your life. this is identity theft. lifelock offers the most comprehensive identityheft protection available. if jill ha lifelock's ptection, she may have bn tified before it watoo late. lifelock's credit notification service is on the job 24/7. as soon as ty detect a reat to your ideity within their network, they will alert you,rotecting you before t damage is done. and lifelock offers thproactive protection of checking and savings account takeov alerts. lifelock's comehensive identity theft proion guards yousocial security nuer, your money, your cret, even the equity in your home. it doesn't mattew old you are or how much money you have. identity thieves steal from everyon you have to protect yourself. i protect myself with lifelock. [ male announcer ] while identity theft can't be completely opped,
11:58 am
no one protects you better than lifelock. and lifelock stands behind their protection with the power of their $1 million service guarantee. you have so much to protect and nothing lose when you call lifelock right now and try 60 days of identity theft protection risk free. 60 days risk free. use promo codenguard. order now d get this document shredder to keep nsitive documents out of the wrong hands. a $29 value free. ♪ ♪
11:59 am
>> pickup the phone! >> what is up! cheryl: what is up is the mega deal for facebook, $19 billion for what is apps and i am cheryl casone here to take you through the next hour of markets now. facebook buying the instant messaging firm what is apps turning its founders in to billionaires'. we will tell you what wall street is saying about this deal coming up. with home sales still wavering we are looking get the home-improvement business which
12:00 pm
could be headed for a record year. we will break it down in a special series the business of real estate. we need the co-founder of one company revolutionizing the way the hell tell rum industry is operating and getting travelers spending deals. this and more on markets now. it is noon eastern time on the east coast, it is top of the hour and we always want to check on some markets as we do every 15 minutes, the dallas 68 points above 16,000, nicole petallides on the floor of the stock exchange. >> looking to see where we close, 16,154 is where we closed and as of right now we are looking at a losing week on wall street, after two straight weeks of gains.
12:01 pm
we had to digest a mixed bag of economic news, we are a little weaker than expected but the p.m. i numbers and manufacturing numbers are better than expected. we came off of tough economic numbers from china and weaker manufacturing. verizon, exxon, the best performers on the dow jones industrials, people wanting to take some chances today, there are plenty of up arrows, the board, down 16,107, the ticket in nasdaq up 1/4%, the s&p up 1/4%. a few larger than the dow including wal-mart. cheryl: we will watch that throughout the day. we will see you in a little bit. it is one of the biggest price tags on the startup, facebook buying what is apps for $19 billion, mixed reviews from wall street analysts, following
12:02 pm
this story. >> the latest move to accomplish two things, increase focus on mobile first technology and by a businesses for the strategy, the offensive actions, and photo sharing, and facebook messenger. the ceo, 415 million monthly active users and 70% of those users active every single day, 1.2 billion users for facebook and 62% daily active users. mark zuckerberg paying $19 billion, a huge amount of new users and return, plus new ones every single day. facebook was in competition for google, fortune reporting the search giant offered $10 billion for the mobile messenger, look at another messageing related stocks, blackberry is up more
12:03 pm
than 5%. late last year the company finally opened up its android users, they had 18 million users which pales in comparison to what is apps and the public market leader for social discovery is up 14% now. looking at china, the mobile messaging service, to what we chat, that stock was down 2-2/3%. looking at analyst coverage, we downgraded the stock, 44 analysts, 4437 have a buyer, strong buy rating on this apps. cheryl: jo lin king from the newsroom and this deal. thank you very much. let's stay with this deal between facebook and what is apps and bring in our panel, oliver portia, gary goldberg, ted harris, and charles payne helping make some money on this, all talking about this
12:04 pm
$19 billion deal. i'd start with you. what is the buzz about this? and facebook, tough road for facebook over the last year. >> it was a tough ipo, stock is up sharply, we don't own the stock, not the type the we invest in, it is all about mobility and advertising revenue so i think what facebook is doing is smart business strategy in line with what other companies that doing, just a very exciting new domain and that is what people are abuzz about. liz: does this help facebook? does it make it more attractive company? charles: absolutely. this is not just from them being 1-dimensional because oliver mentioned advertising. a straight at deal, we provide a service. make that $1 billion in the blink of an eye. this is growing by leaps and
12:05 pm
bounds. the ideal weather they pay too much is so irrelevant this is amazing stuff, why companies like microsoft, four horseman technology stocks comfortable with it, where they are repeat centric and you have some young entrepreneurs out there between elon musk and mark zuckerberg who know they have to do this to keep going and it is amazing in my mind. cheryl: will we see more deals like that and one 19-year-olds out of the alarm rooms. close enough, they are young and billionaires'. i you excited about the group? >> we don't own facebook. mark zuckerberg, it is a natural fit. if it is in the wrong hands.
12:06 pm
-- seems to be a big customer base that they can leverage. and i need to see the monetize that. cheryl: you say that can happen. charles: the instagram thing help them out but. they will lose the young people because parents were getting at it. young people were going to instagram and a step ahead of the game. this was not just a gutsy move. i jumped on to mark zuckerberg's bandwagon. i jumped on that bandwagon. maybe some of the things about the monitors asian of mobile but every question asked of this young company, young public company, they answered in most of the financing before the bell so i think it they are going to do great with this. >> from investment perspective is important to understand this is exciting and could be very exciting to watch, to witness, to the heart of it you are
12:07 pm
what's app customer doesn'ttmake it a great investment. these testings we can caution investors to say when there's a lot of buzz that means volatility. cheryl: we are old enough to remember the technology bust, the internet bust, we are all adults. we did not know what what's app was. does that make ou cautious at all? >> definitely. aol time-warner merger was a great example. that was a bust. i would say good companies often need to acquire to grow and at some point they will become attractive enough to invest in. for example qualcomm was a company that in its heyday sold for 200 times earnings. i thought it was a quality to crap kind of play and the market rotated into stocks like that. our own qualcomm for the past 12 years, the company became a very
12:08 pm
stable, mature, good company and has done pretty well. maybe we will see that. cheryl: what about google? they are off of the bidding war. charles: it is of bidding war. don't know how many prizes are out there like what's app but we will see the mend google what they're doing is going for a lot of different things and a lot of stuff they are trying dow will fail. by the same token one of these things is almost like a publicly traded public venture or venture-capital firm. they have their sights on the next big topic. cheryl: buy office space in downtown san francisco. >> as you point out in this segment, what -- what's app the common competitor of facebook, unlikely to be the case with google. to pay a significant premium, i
12:09 pm
have no idea what it should be valued at, something we will not concern ourselves with but it is a different business model. we own google and think it is a terrific growth company, executing, if they had the company expected to grow by over 25%, that is a company we want to own, that is the type -- charles: never look at facebook. cheryl: good point. anything else in technology you like t you are watching? >> it is the dark, it looks attractive, some growth issues recently but the company still seems to have a great product cycle they are in. we like qualcomm as well as emc which is boring as well. we see great things ahead for
12:10 pm
storage. technology -- cheryl: do you own qualcomm personally? do you own emc personally? >> through our mutual-fund. cheryl: not you personally. want to get that disclosure out. oliver portia, charles payne, thank you very much. the wolf of wall street's causing even more controversy. one of the real-life lawyers portrayed in the movie is asking for the film to be removed from theaters and your personal information is at risk if hackers attack big businesses and even universities but there might be a way to fight back and make some money while you are doing it coming up.
12:14 pm
cheryl: dow 72, looking at coca-cola, annual dividend increase for this company, the stock at 3742, dallas 2 points, the dow higher by 72, the company offering $0.20 a share, thirty.five cents per share. that is the dividend increase for coca-cola. that came out of the minutes ago. bring in nicole petallides for the stock exchange. nicole: a lead story today is the fact that facebook acquiring what's app for $19 billion, that is a few moves. what about the other names in the business? watching blackberry on this news. how much these messaging
12:15 pm
services are worth, it is very popular, and target of 950. it is sitting at 950. they could get more money than people regionally fought for their very popular messaging service and that is why we're seeing blackberry been down. we know that for a fact the base on the news we are seeing, the acquisition of what's app, what does that mean? >> thank you. a string of death and suicide has the financial world on edge. a person dies under mysterious circumstances. liz macdonald joins us now, the
12:16 pm
story we're looking at. she reportedly jumped from a skyscraper in hong kong. jpmorgan chase is where she worked, the third death at jpmorgan chase in recent weeks. the first suicide, suicide was not at. bank. we don't know if it was a suicide yet. the first incident happened him in new york city with robert wilson, the hedge fund founder who jumped to his death, that was the first. then there were others at deutsche bank and other mysterious deaths. we have a statement from jpmorgan chase, and they are not commenting on whether these deaths are suicides. jpmorgan says says the tragic incident occurred at hong kong tuesday, investigated by the police, it cannot comment
12:17 pm
further. we can't link of these seven. nearly 8 million people work in the finance industry in the united states the run. 800 million people work in automotive industry around the world. i tell you something. it is odd that these deaths had been in rapid succession since december. cheryl: go back to the stories from the great depression. the stock market crash, in new york, you can understand why financial ruin and does stearns -- turn certain people to commit suicide. the point is well taken weekend link this. liz: i will tell you how the companies respond, the timeline of the mysterious deaths, you'll see this in december, the first is robert wilson, and. a bank in here and russell
12:18 pm
investments and jpmorgan. here is what the companies respond and this is according to an executive i spoke to who was a top level led citigroup and individual at jpmorgan chase. they go through their individuals's computers and laptops and tablets to figure out whether is stress related, did something trigger it, was there an e-mail they were upset about in terms of company action against them in terms -- whatever it could be. the fact that there's a string of 7 deaths since december is noteworthy but should be taken in the context of hundreds of thousands of people, millions who worked in finance, motors around the world. we have to put it in that context. cheryl: great job, liz macdonald. home sales and housing starts getting all the attention this week but of equal importance,
12:19 pm
the booming $300 billioo remodeling and improvement market that is happening in housing. we continue our look at the business of real-estate. one lucky winner celebrating a historic jackpot win. after last night's power ball trying, we will be right back. [ male annouer ] hands were made for playing. legs, for crossing. ft...splashing. better things than the joint pain and swelling of moderate to severe rheumatoid arthritis. if you're trying to me, now may be time to ask about xeljanz.
12:20 pm
xeljz (tofacitinib) is a small pill, not an injection or infusion, for adults with moderate to severe ra for whom methotrexate d not work well. xeljanz can lower your ability to fight fections, including tuberculosis. seris, sometimes fatal infections and cancers have happened in patients taking xeljanz. don't start xeljanz if you have any infection, unless ok with your doctor. tears in the stomach or intestines, low bod cell counts and higher liver tes and cholesterol levels have happened. your doctor should perform blood tts before you start a while taking xeljanz, and roinely check certain liver tests. tell yo doctor if yohave been to a region where certain fungal infections are common, and if you have had tb, hepatitis b oc, or are prone to inctions. tell your doctor about all the medicines you take, and if you are pregnant, or plan to be. taken twice daily, xeljanz can reduce th joint pain and swelling of moderate to severe ra, even without methotrexa. ask if xeljanz is right for you.
12:21 pm
♪ [ male announcer ] you're watching one of the biggest financial services cpanies in the country at work. hey. thanks for coming over. hey. [ ma annouer ] how did it come to be? urs? ah. not anymor it's a very ort story. come on in. [ male annouer ] by meeting yomorehan halfway. it's how edward jones makesense of investing
12:22 pm
which will cause me to miss the end of the game. the x1 entertainment operating system lets your watch live tv anywhere. can i watch it in butterfly valley? sure. can i watch it in glimmering lake? yep. here, too. what about the dark castle? you call that defense?! come on! [ female announcer ] watch live tv anywhere. the x1 entertainment operating system, only from xfinity. what is this place? where are we? this is where we bring together the fastest internet and the best in entertainment. we call it the x1 entertainment operating system. it looks like the future! we must have encountered a temporal vortex. further analytics are necessary. beam us up. ♪ that's my phone. hey. [ female announcer ] the x1 entertainment operating system, only from xfinity. tv and internet together like never before.
12:23 pm
cheryl: new and existing home sales receive a lot of headlines but only a fraction of residential housing recovery. equally important trends in to repair remodel segment which measure how expenditures, joining me for a special series, the business of real estate, is the chief economist of the american institute of architects. it is good to see you. i find it interesting that one of the big things we are seeing right now is the baby boom generation is changing their homes so they can live their days out at home. how big a part of the business is that for you? >> that is the huge market and will be big. the number of baby boomers age 65 plus is almost going to double between 2010 and 2003 as the baby boom enters the market.
12:24 pm
most stay in their current home. older homes don't accommodate accessibility so they have to do some fairly significant retrofits to make sure they meet their needs moving forward. cheryl: maybe not so much the baby boom generation that cash on hand. overall modeling, where is the model coming from. there's a financial crunch in the lending market. where are they getting the cash to do these remodels? >> they are equally tight on the home-equity lending side too. households are using cash to pay for home improvements something something they have done traditionally but 70% of spending on home improvements is on a cash basis so that limits the amount they can spend, makes the more cost conscious in terms of products they undertake an
12:25 pm
end up with tight budgets. cheryl: one of the things we are seeing in the new york area to the region specific is technology in the home not just for the younger generation but overall, anything new or something perhaps gutted in the new york area people are selling ipads, we have seen that in the magazines in new york. is that a national trend or something that is happening in cities like new york? >> that is national. home automation will be one of the fastest-growing segments in this market moving forward and with the recent news of google buying nest and being involved in this market we will see a lot of changes in the next few years. in terms of the types of products offered and in terms of consumer interest in getting more involved in this area. cheryl: energy efficiency is the other thing because of tax credits being offered. a big proponent of the model
12:26 pm
market. >> we talked to contractors who say 30% of their projects have energy efficiency motivation in them. that was very big as you mentioned during the downturn because of tax credits associated with it. concern is with the increase in domestic production of energy and likely of latter price moving forward. this will continue to be a driver of home-improvement spending and we will see that as the market unfolds and energy prices unfold. cheryl: good for companies like lowe's and home depot in general. also curious about the rental market. there has been a huge bloom in the rental market in the last two years on the heels of a recession. is that big home improvement space? that rental market? >> it hasn't been over the last few years. there's focus of home ownership. the renter's share of the market climbing from 31% to 35% over
12:27 pm
the last decade, 35% of households are renters and the stock largely hasn't been invested in. there is a lot of upgrading that needs to take place and that is going to be and is already a very hot market. cheryl: the madmen generation, 1916s remodels and stuff like that, fun stuff happening out there. it is interesting about the fat happening now. thank you very much. we are going to investing in real estate. real-estate advisory chief will be here tomorrow. one of my avorites. he will talk about commercial versus residential land investing your money right now from a m perspective coming up tomorrow. is one of the largest jackpot in u.s. history. the power ball jackpot estimated at $425 million with a cash
12:28 pm
payout of $242 million and the only ticket to match winning numbers that dixon landing, chevron, just outside san jose calif. the bay area, convenience store will receive $1 million. the only question is who is the winner? hopefully we will find out very soon. target, las vegas still in the headlines. the fallout for recent cyber attacks continues to grow. you can pay the biggest headlines in business and how you can invest in all of this. it is easier than you think. speaking of las vegas, since city getting ready to put limits on its alcohol industry. i have the details coming up in the west coast minute. [ndistinct shouting ]
12:29 pm
12:30 pm
we are thinkers. the job jugglers. the up all-nhts. and the ones who turn eas into action. we'vmade our passions our life's work. we strive for thmoments where we can s, "i did it!" ♪ we are entrepreneurs who started it all... with a signare. legalzoom has helped start over 1 million businesses, turning dreamers into business owners. and we're he to help start yours.
12:32 pm
cheryl: coming up in the next half hour of markets now, changing the way hotels fill empty rooms. we are going to tell you why one real-life investment banker is suing the global of wall street's production company for $25 million. las vegas might be carrying its takeover, is in city council looking at cutting the town's liquor licenses, details coming up on the west coast minute. it is the bottom of the hour, stocks every 15 minutes, nicole petallides standing by on the stock exchange with some movers. nicole: the dow jones industrials at triple digits, 99 points. three i hitting new highs and one pulling back, talk about what we are seeing, keeping a close eye on jack in the box, the parent of another popular chain, in both cases doing
12:33 pm
same-store sales and that stocks hitting an all-time high, first quarter profit up 56%. dtb coming out, $3 billion buyback, a new high, then we look at his luck, new all-time high, gave up forecasts above what everybody was expecting projecting a 55% increase in their production and the ceo confirming conversations with apple. we will find out soon enough. apple pulling back today on downgrades from barkley's, equally from an overweight concern, products may not move the knee last much as products in the past for apple. cheryl: thank you very much. university of maryland the latest victim of a hack attack, the schools as personal workers for 309,000 students, faculty and staff were compromised including social security's common names and dates of birth.
12:34 pm
officials say the breach occurred tuesday morning when an outside source access secure records database little information dating back to 1998. the cybercrook did not change anything in the system making a xerox of the data before taking out of there. law-enforcement officials investigating this incident. now you can make money by investing in this news like the recent cybersecurity headlines. you are always following the news and letting customers create their own motif, cybersecurity is hot. >> one of our top ten motif. a lot of people following and we live in a day and age when every week there's a story about compromise, companies spending $67 billion, the government spending $16 billion. the new security risk, no logger terrorism but cyberterrorism.
12:35 pm
cheryl: your cybersecurity is a correlation with stocks but again these motifss as an example, how low although and semantic fire and this is an example of that. >> we give you baskets of stocks, we intelligently weighed them. and not market cat but adjusted for exposure to cybersecurity and we allow you to purchase all these stocks for the cost of a single stock transaction with no fees, and $1 million for that. cheryl: this is your computer. go through the performance of the cybersecurity motif and this is a 1-year picture of what we are looking at. >> the blue line is cyber securityy the s&p 500 gives you a sense how the motif has performed over the last year. cheryl: pull up the next motif, another hot place if you are
12:36 pm
young is gaming, online gaming. people played against each other in other countries and having their own personality. >> multi player online games are obsessing, they kidnapped my wife, can't stop playing candy crush these days. what people don't realize, north american companies the good at creating games. asian companies, international companies in general papa lot of moral out of this. papa share make it is up 424 points. >> the s and p, 23%. this is an interesting charge because can be crushed about to go ipo. the orange line here, the time you are going ipo. and that is zynga stock. the blue line is this motif and the green line is the s&p 5 under so of the two years you see the risks of investing in an
12:37 pm
ipo in the blue line gives you diversified bets and this is one reason. gerri: you would have been hurt by zynga if you bought that stock, motif style you would get activevision, electronic arts. >> 50% of your money that you bought zynga at the time of the ipo. cheryl: interesting how you are following the news. other motifs you are getting because the news is past and we talked about your health care motif, obamacare motif. >> obamacare is gaining a ton of momentum. we let go of the motif after hurricane sandy and invest in the rebuilding efforts so that got phased out. a lot of trans our system and lose some take short-term. fed tapering motif is on fire. everyone watching market returns by the decision of the fed. we have some interesting motifs trending up right now. wants that are trending down typically commodities, precious metals not doing very well, things like robotics doing well.
12:38 pm
cheryl: it is a different way to invest but whose business is improving so you got a lot of interest. >> 35,000 motifs built by our customers. cheryl: making your own index kind of thing. do it yourself. thank you. following the news and making money. somebody called charles payne. all right, time for your west coast minute. more latinos are enrolling in cover california, the state health care exchange. after a slow start millions of dollars were spent on spanish-language ads and brochures. as of wednesday 28,000 people over all have an rolls and the portion of that is coming from the latino community according to exchange leaders. hawaiian airlines is cutting direct service to china from honolulu to meet growing demand. $0.35 now. the number of chinese tourists visiting hawaii is jumping 40%
12:39 pm
since 2012 and hawaii believes it will be one of the fastest-growing age the connections. daily spending by chinese tourist spa highest of all visitors to hawaii in 2013. finally an attempt to fight high crime rates the las vegas city council may begin to limit the amount of bars and liquor stores doing business downtown. over the last five years the amount of booze businesses has exploded and the city was happy to be business at the time, any business showing up the things like underage drinking, open containers, gang activity and overall crime have become a serious issue downtown since the influx of those businesses. that is your west coast menendez the west coast to the east coast, does it ever stop? winter weather this year leaving thousands in the lurch and in need of last-minute hotel rooms especially new york city but smart phone apps hotel tonight has been this, we will go on the road with a company co-founder
12:40 pm
and ceo of coming up next. also watching crude-oil, u.s. crude-oil supplies climbing less than expected and phil flynn live at the cme with contracts, reaction and more. we will be right back. tdd#: 1-888-852-2134theres tdd#: 1-888-852-2134 just waiti to be found. tdd#: 1-888-2-2134 at schwab, we're here to help tdd#1-888-852-2134 bring what inspires you tdd#: 1-888-852-2134 outhere... in here. tdd#: 1-88852-2134 out there, tdd#: 1-888-2-2134 there are stocks on the move.
12:41 pm
tdd#: 1-888-852-2134 in h tdd#: 1-888-852-2134 chart pattern recognition tdd#: 1-88888-852-2134 whicshows you which ones are bullish or bearish. tdd#: 1-888-852-2134 now, earn 300 commission-free online trades. tdd#: 1-888-852-2134 call 1-888-852-2134 tdd#: 1-888-852-2134 or go to schwab.cotrading to learn how. tdd#: 1-888-852-2134 our trading specialists can tdd#: 1-88852-2134 help you set up your platform. tdd#: 1-888-852-2134 because when your tools lo e way you want tdd#: 1-888-852-2134 and work the way you think, you can trade at your best. tdd#: 1-888-852-2134 get it all with no trade minimum. tdtdd#: 1-888-2-2134 and only $8.95 a trade. tdd#: 1-888-852-2134 open an account and earn 300 commission-free online trades. tdd#: 1-888-852-2134 call 1-888-852-2134 to learn more. tdd#: 1-888-852-2134 so you can take charge tdd#: 1-888-852-2134 of your trading. adam shapiro for your fox business brief.
12:42 pm
number of americans seeking initial unemployment benefits fell 3,000 last week to a seasonally adjusted 336,000. belabored department says the number of applicants has stabilized in recent weeks. nebraska judge overturned a 2012 law that allows the governor to approve the route of the keystone l pipeline through nebraska. the ruling leaves the decision in the hands of the state public service commission. national transportation safety board is looking at pilot fatigue as a factor in the deadly crash of a ups cargo jet. a cockpit voice recorder transcript shows the pilot's complained about hiring work both pilots were killed when the plane slammed into a hillside short of a runway in alabama. that is the latest from the fox business network giving you the power to prosper.
12:44 pm
cheryl: pictures this. it is snowing and you are stuck in new york, d.c. boston and need a place to sleep. my next guest is aiming to revolutionize how the book their rooms and give shelter to you if you need it. jerrod simon is the co-founder and see 00, thank you for bbing here. i want to start with that. you have an apps that lets people book rooms, that warning for that night given deals but did you see a lot of activity in the northeast over the last month? >> incredible. the last several months and certainly our experience over the last several years these weather events are interesting for us particularly, in the last few weeks the variable weather, even the super bowl, variable weather, really interesting opportunities for us and we are bringing some interesting deals to people as a result. cheryl: 10% that are desperate but happier customers or business travelers so is an apps on i i phone or samsung that
12:45 pm
lets me book a hotel, 9:00 that morning local time. the deals are out there. how many rooms go on sold every day? >> on average in the u.s. about 40% of hotel inventory goes unsold. it is a staggering amount of inventory available same day. cheryl: that is very high and you have 9 million users. >> 9 million users worldwide. we have launched 17 countries around the world. cheryl: you have been signing up partnerships with a lot of hotel companies. now new venture capital coming in and funding from starwood, not the hotel chain but the financing sight. talk to me about the funding % coming in and what you see this company doing in the future? what is going on here? >> we always knew we had something interesting, we knew there was a need on the hotel
12:46 pm
side and the consumer side for a way to connect the two same day. and they needed another distribution channel. the recent investment to the founder of starwood hotels, is a great validation for us, that in addition to the fact that several hotel chains have signed up on the service, really nice validation for us that the establishment is realizing we can add real incremental value in in in a sea of other distribution options. cheryl: what is better than going into the hotel, i am stuck in new york, what is the difference? do you find they are competing more worried there might be collusion between the hotels and other services in the past? >> i think the hotel tonight
12:47 pm
premise for hotels is we offer a sole purpose distribution medium for them. we only sell rooms for tonight or stays that start tonight and we limit the amount of hotels we display each day in each city. there are limited slots and 4 hotels that means since we don't deploy the same hotels each day we offer a nice, focused way to get in front of consumers when they need to move rooms right now and because they know they are not on display every day, it doesn't become predictable for our consumers which hotels will be up there. that allows hotels to get comfort in being more aggressive with their rates same day. tremendous deals on hotels today. cheryl: prior lifework that orbits so you know about last-minute deals on anything. thank you very much, interesting story. >> thanks for having us. cheryl: the dow up 107 points pushing session highs, let's go to the stock exchange, jonathan
12:48 pm
cortines, marine equity partners on the floor. i think our viewers are getting used to the volatility we are seeing over the last few sessions and almost a race, the dow, the losses we saw in january, is that bad news the we have gotten that correction or pullback that many said were a pealthy event for the market? >> the volatility we saw in january is healthy for the market. that might be the move everyone is expecting. people talk about big numbers, 50% move in the market. we don't need that to flesh out the activity in the market. what we need is what we got in january. works people up and remind us the market won't go up every day and we won't get 30% return so a little lesson learned but stepping back and looking at what we have, economic data has been soft, mildly getting better, confidence in the market is here and diking we will see the progressions we have seen
12:49 pm
already in february. cheryl: this really has become quite a story for our viewers who are watching our investment? >> with all the news out there we are going to continue to see activity, cash on hand is key. companies need to use it, we will see more and activity coming. cheryl: thank you, good to see you. let's move to the other side of the spectrum. oil stocks rising less than expected. let's head to the trading pits of the cme, we got supply data out one day late because of a holiday on monday. what do you make of the numbers? a little bit of a miss? >> it was a mixed bag. if you look at the crude oil number we are now rallying up, we will have a four month hire and after the report even though we missed the mark prices came back down. part of that was we saw big drum down in cussing, oklahoma bringing products to the market
12:50 pm
and better than expected supplies for distillate fuel and gasoline so that kind of was an offsetting type of situation. the one thing we got out of this report because of the drawdown in pushing, we see the wti spread gain on the front that everybody is going to watch. who said this would never be the global benchmark again? it is well on its way, markets are going crazy because of the weather, look at coffee over the last few days? they have the biggest up move in 20 years? guess what happens today? they were down, the biggest one day move since august of 2010 but there's a possibility that 30% of the brazilian coffee crop is at risk meaning higher prices and you better book your joke right now. cheryl: i can never predict what you are going to say? coffee? watching coffee in the market, so phil flynn on the pits of the
12:51 pm
cme. the wolf of wall street is stirring up even more controversy. details on the $25 million suit facing the film makers and distributors. and renewing the push to get texaco to break up its snack food and beverage business on the hunt again for this, details coming up next. (vo) you are a business pro. seeker of the sublime. you can separate runwayy diculousness... from fashionhat flies off the shelves. and you...rent from natial. because only national lets you choose any car in the aisle... and go. and only national isanked highest in car rental
12:52 pm
customer satisfaction by j.d. power. (vo) so do we, business pro. so do we. go national. go like pro. like carpools... polly wants to know if we can pick her up. yeah, we n make room. yeah. [ male announcer ] ...office space. yes, we're loving this communal seing. oh, it's great.eah. [ male announcer ] the best thing to share? a data plan. ♪ new at&t mobile share value plans for business. our best value plans ever. for example, you can get 10 gigs of datto share. and 5 lines would be $175 a month. plus you can add a line anytime for $15 aonth. sharing's never been better for business. ♪
12:55 pm
film. andrew greene portrayed -- was a real-life friend and jordan belfort and head of corporate finance for his company in the 90s. he says the film portrays him as a depraved criminal with seeds of reckless party in which is the whole movie, intense drug use. it is permanently damaging his reputation. he intends to sue the film for $25 million calling for the movie to be removed from theaters. i think i would be grateful. renewing the campaign for pepsico breakup, the activist shareholder turning up the heat on the 37 page letter to pepsico's board outlining why the company should spin off its struggling beverage business and focus on its frito-lay snack food unit. a giant fund management with jones $1.2 billion in pepsico's stock says it will begin meeting with shareholders immediately to gaugeesupport for a breakup, he hhs been at this for awhile and
12:56 pm
pepsico said the management remains united against any type of split. if you call this a pressure cooker, parliament could be used in emergency sessions as more gunfire erupts. a live report from kiev coming up. global financial world on edge after a string of mysterious deaths. charlie gasparino joining ashley with new details today. the research behind tractor biotechnologies, the bun mending treatment that could be used on soldiers, civilians and runners who trip like myself. we will be right back. ♪
1:00 pm
>> protesters regaining control of independent square. a live report from the scene as violence halts talks between ukraine's president and eu officials. dennis: weakness in china. cheryl: what is up? what app. dennis: amazing technology behind fracture putty. a mixture that could speed up recovery for broken bones. engineering new bones. cheryl: time for stocks now. let's head to the floor of the new york stock exchange. >> a great deal here on wall
1:01 pm
street. about ten points off the earlier highs of the day. the nasdaq also higher. right now the vix, the fear index, to the downside. we are watching the ten year period we have plenty of winners on the dow. energy. on the downside, we have walmart. negative nine down points. they are forecasting lower profits. they will be opening more stores. tough numbers here out of walmart. down 1.8%. back to you. dennis: nicole. thank you very much. the death toll climbing in the ukraine. last night's brief truce comes to an end.
1:02 pm
1:03 pm
government. dennis: we heard this rumor. from what i can understand, the protesters that the truce was actually a ruse and did not trust it. we saw more violence breaking out today. is that correct? >> that is correct. there will be more. there will be more if this escalates. dennis: the fact that they are using live ammunition, it is really disintegrating into a silver war.
1:04 pm
1:05 pm
cheryl: a critical gateway for natural gas that moves from russia to western europe. 50% of russia's imports passing through the country. what do these ongoing protests mean for the future of natural gas? matt, thank you for joining us. i want to get right to this. we do not have much time. you will have to convince me that this is a realistic concern. this is actually something that is driving natural gas prices higher. i followed these markets very closely. i find it hard to make a connection, but you do. >> we are not actually seeing an impact on prices. russia is the largest supplier of natural gas to western europe. what we saw, the workplace scenario back in 2009, russia
1:06 pm
cut off their pipeline. the worst-case scenario, we see 25% of imports cut off. i am not saying that that will happen, but russia has aligned itself with ukraine. it knows that this is such a key element of the natural gas market they are in europe. cheryl: could these protests eventually affect the pipeline? i am looking back at history. there is not a lots of evidence that protest like this, the end result is that they do get to the pipelines. is that a realistic concern here? >> yes. we saw prices spike. the reason that the russians
1:07 pm
have given this bailout to ukraine is because they want to get into a situation where they can possibly do that or have some influence. cheryl: we are looking at natural gas prices. what could potentially visit due to already sky high natural gas prices. there is sort of $10. it is not really likely to have an impact. we have our domestic production. we cannot enforce it yet. this really could affect europe. these are global markets. i will end with this. the reason we see natural gas pricing spike is because of our
1:08 pm
supply. >> i am sorry, i have to disagree with you. once we get to this cold step, next week we see the april contract, mind. that will be your answer. we will see prices easing lower. cheryl: i'm not sure all the natural gas will stay in the u.s. thank you very much for joining me for that. dennis: one of the biggest price tags.
1:09 pm
jo ling kent joins us with more. >> $16 billion in cash and stock. according to early investors, ceo and cofounder john is a classic american story. he emigrated to the u.s. as a teenager. he was on food stamps before. his mentor kept in touch with his family and friends. it now adds 1 million users every single day. he will live the dream. he is joining ffcebook's board. they acquired instagram for the same reason.
1:10 pm
1:11 pm
shares of the electric card maker driving to a new all-time high. cheryl: an ipo who on wall street. thirty-one companies. that is up 72% from this point last year. we are just getting started. a name to watch ahead. ♪ [ cellones beeping ] ♪ [ cellphone rings ] hello? [ male announcer ] over 12,000 financial advisors. good, good. good over $700 billion dollars in assets under care. let me just put this away. [ malennouncer ] how did edward jones get so big? could you teach kids that trick? [ male announcer ] by not acting that way. ok, st quarter...
1:14 pm
cheryl: more delays for the keys don't pipeline. another setback for the troubled oil pipeline. peter ducey is that the white house with the details on that. >> the judge ruled that their state's constitution does not give the governor of nebraska the authority to approve the keystone exelon pipeline construction. the ruling is that that authority belongs to the nebraska public services commission. governor already signed off on keystone after planners redrew the map.
1:15 pm
we made a thorough review of the group. the state department, not yet commenting on the latest keystone development. president obama is saying with a big project like this it is okay to go slow. >> i stated previously that there is a process that has been gone through. i know that it is extensive. these are how we make these decisions about something that could potentially have a significant impact on america's national economy or natural interest. >> transcanada says that they are disappointed they are looking at their options. sandra. cheryl: thank you so much.
1:16 pm
fox news peter ducey. dennis: let's get a check on the markets. what a day. what a report. >> taking a look at tesla. 215.21. we are watching marriott very closely. 46% going forward. the lower revenue number did hit the stock earlier today. we saw the negative territory. right now it is managing to squeeze out a game.
1:17 pm
51.594 marriott. back to you. dennis: thank you very much. coming up on money at 2:00 p.m. adam shapiro goes one-on-one with marriott ceo. earnings, sliding profits, 200,000 rooms in the pipeline. you do not want to miss it. 2:00 p.m. right here. cheryl: it is time to make a little money, a lot of money, with charles payne. soda bottles. explain. two major players in the soda business. charles: popping bottles is like, you know, he started it, but they changed it. popping bottles is popping like the chris -- crystal and champagne. we just saw earnings from some of the big giants. the gigantic and need help.
1:18 pm
recently, coke did something very smart. they took a 10% stake in green mountain. the stock went absolutely through the roof. monster, it is interesting with monster. they have actually missed the street. looking at that same quarter, use the reasons why it would be fantastic for one of these to make the acquisition. we are only up 7%. if you put the muzzle of a coke or pepsi behind, it makes more and more sense every day.
1:19 pm
even diet soda is starting to come down. that means a top line growth absolutely amazing. a lot of people think it is a one trick pony. we go through these phases. we will use it for two or three months. there we will decorate it for two or three months. wall street hates this company. they just had a really bad. they had a really ugly preliminary earnings report. now, i love it to the upside. they report in the next couple of days. it is a high risk play. >> okay. charles payne. thank you. dennis: less than a week after the stake in pepsi. he is renewing his campaign to
1:20 pm
split the company. here we go again. 837 page letter to pepsico's board. $1.2 billion of pepsico stock says it will begin meeting with shareholders immediately. one in a million. make that 175 million. no, we did not win. that single powerball ticket. cheryl: a hot streak of ipo on wall street. next we have an ipo on. kathleen smith. it will not be followed by another fuss. stay tuned for that. ♪
1:21 pm
in the new new york, we don't back down. we only know one direction: up so we're up early. up late. thinking up ga-changing ideas, li this: dozens of tax free zones across new york state. move here. eand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com [ laughter ] ♪ [ feme announcer ] each one of us is our own boss. ♪
1:22 pm
1:24 pm
1:25 pm
another ipo bubble that will burst. you are not of that line of thinking. >> 2011 was not that great for the ipo market. we have a lot of pent-up companies. if you had an investment product, we have an etf. this is new etf. tell us about that. >> sure. a new public company. a two-year rolling population. it includes the largest most liquid ipo. it is a way to invest in public so companies. >> the largest is facebook.
1:26 pm
twitter is, i think, the eighth largest constituent. renaissance capital 2014 outlook. i think that these are staggering numbers. 250-refund it ipos. they raised $6,280,000,000,000. >> last year there were 200 so ipos done. 55 billion raised. it will be bigger than facebook. some extremely large ipos that are in the pipeline. we will probably see service master, public.
1:27 pm
1:28 pm
formula. the financial side is another 20%. not just technology. an ipo for an ipo. dennis: we have some breaking news. you are not lying about ipos. an online restaurant menu and takeout ordering service. the company officials have met with investment banks and could launch the ipo in the first half -@of the year. all right. chances of winning is one in
1:29 pm
175 million. one person certainly divide someone just filling up gas, got a ticket can't change her life forever. no one has come forward yes. one, 17: thirty-five, 49, 54 and 34. cheryl: the backlash. the new threats. a painful event followed by months of recovery time. the university of georgia research down behind fracture. it could recover.
1:30 pm
in just a week or two. stay with us. ♪ we asked people a question, how much money do you think you'll need when you retire? then we gave each person a ribbon to show how many years that amount might last. i was trying to, like, pull it a little further. [ woman ] got me to 70 years old. i'm going have to rethink this thing. it's hard to imagin how much we'll need for a retiment that could last 3years or mor so maybe we need to apprch things dferently, if we want to be ready for a longer retirement. ♪ if we want to be ready for a longer retirement. if ...hey breathing's hard...
1:31 pm
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 pder dotell your doctor if youing inhahave kidney problems,oms. aucoma, trouble urinating, or an enlarged prostate. these may worsen with spiriva. discuss all medicines you take, en eye drops. stop taking spiriva and seek immediate medical help if your breathing suddenly worsens, yo thrt or tongue swls, 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 door about spiriva. ♪ 800,000 hours of supercomputing time,
1:32 pm
3 million lines of cod 40,000 sets of eyes, or a million sleepless nights. whether it's building the world's most advanced satellite, the space statio or the next leap in unmanned systems. at boeing, one thing never changes. our passion to make it real. ♪ who found a magic seashell. it told him what was happening on the tradg floor in re time. ♪ the shell brought him grat fame. ♪ but then, one day, he noticed that everybody could have a magic seashell. [ indistinct talking ] [ malennouncer ] right there in their trading ptform. ♪ [ indistinct talking continues ] [ male announcer ] so the magic shell wentack to being a...shell. get livequawks right in your trading platform with think or swim from td ameritrade.
1:33 pm
sandra: markets gaining ground. time for stocks now as we do every 15 minutes. let's head down it floor of the new york stock exchange where our own nicole petallides where the dow seems to be powering higher right now. nicole? >> a few notables here, sandra, on the dow jones industrials. the dow jones is at 16,157. so that is a gain of 116 points. with this gain and this move a couple of things are happening. number one we are really around the session highs of our trading day. the other thing worth noting last friday we closed at 16,154. so we are now three points in positive territory for the week. and that would make it the third straight week of gains for the dow. so it shows the trend remains to
1:34 pm
the upside. so you do see it battling back. it has been one of these days. risk on. they have been buying up just about everything. back to you. sandra: thank you. ashley: we, a new way to cut down the time it takes to mend broken bones to perhaps just days. it is called fracture putty, a new approach being developed with the use of stem cells which may hold the key to decreasing the recovery time significantly. we have the lead scientist of this remarkable project. he joins us now to discuss exactly how it works. steve, thank you for being here. now you have not yet tested this on humans if i believe that to be correct. you tried it on rats and pigs and sheep. what results have you had so far? i guess we should begin with, how does it work? >> right. thank you, ashley, for having me on the program. fracture putty is really a new class of proteins, cell therapy, all mixed into a jell that is
1:35 pm
injected into the injury site, the broken bone and it takes advantage of the stem cells and their healing ability but also recruits the body's own healing process to mend bones faster and with less pain and with less side-effects. ashley: as you mentioned you tried this on animals. but what kind of results, what are the challenges when you take this new approach to use on humans? >> so really the approach we take is the same we take with animals, except it will be scaled up significantly. the approach to take the stem cells introduced. a protein that will make the bone heal faster so much smaller scale in rodents.
1:36 pm
but as we moved up into sheep and fixing clinical cases in sheep with the surgical team here at the university of georgia. then also with our human surgical team we'll be able to go into clinical trials. a lot hinges being able to make it a safe and effective therapy. that is where our research is focused currently. >> what are we talking about here, steve? traditional you set the bone in a cast and hop around for six weeks, two months. how much quicker could the bones heal with this treatment? >> exactly. and that is what our goal is, to do it much more quickly. so for instance, many of our war fight that's come back from the middle east spend months in a bed, bedridden due to injuries.
1:37 pm
and fractures and so forth that could take months and sometimes never will heal and then, amputation is in order. but with fracture putty the hope is to heal those bones within weeks. we've been able to do it within weeks and in animals, up into, up into sheep and pigs now. ashley: so quickly, how soon, if everything goes to plan how soon could this be actually used in the real world, steve? >> currently we're in the process of conducting preclinical studies. that is again for safety and efficacy of the treatment. we're starting to begin to plan our discussions with the food and drug administration. that will occur this year and we hope to be in clinical trials within the next year. ashley: well, we wish you best of luck. it is fascinating. steve, thank you so much for joining us.
1:38 pm
steve sise in georgia, in the u.s., felt like he was on other side of the world. long delay with the satellite feed. fascinating stuff. in the final installment of our doctor tech series we'll talk to the jay flatly, the ceo of illumina. he has cut the cost of the human genome mapping. as a result working into the health in the future just got cheaper. sandra: homeland security scrapping that plan to track you uses your financial plate. ashley: a string of death and suicides as a 7th person dice under mysterious circcmstances. charlie gasparino is here with exclusive details next.
1:39 pm
sometimes they just drop in. always obvious. cme group can lp you navigate risks and capture opportunities. we enable you to reach obal markets and drive forward with oader possibilities. cme group: how the world advanc. iwe don't back down. we only know one direction: up so we're up early. up late. thinking up game-changing ideas, like this: dozens of tax free zones acss new york state.
1:40 pm
move he. expand here. or start a new busiss here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find o if your business can qualify start-upny.com >> i'm cheryl casone with your fox business brief. consumer prices rising slightly in the u.s. the labor department says the price index increased .1 of a percent in january. a sharp rise in energy costs offset ise in cars and air fares. fed chief janet yellen will testify in front of the senate february 27th. she will provide update on the central bank's monetary policy at the hearing. the national transportation safety board is looking at pilot fatigue as a factor in the
1:41 pm
deadly crash of a ups cargo jet. the voice recorder shows that the pilots complained of tiring work schedules that didn't allow enough time for sleep. both pilots were killed after the plane slammed into a hill short of the runway last august. that is the latest from fox business, giving you the power to prosper.
1:42 pm
ashley: the largest string of suicides and other deaths on wall street since the financial crisis has banks reminding employees of resources available to them. charlie gasparino is here with more exclusive details on which firms are the first to act. charlie? >> this is not a story you like to do. this is a terrible story. you don't like to brag you did it first. but as we reported earlier this week, this is an issue. wall street is now following up. there hasn't been this many deaths in a cluster i would like
1:43 pm
to point out, in a matter of weeks. talking some six to eight weeks since the financial crisis. even then that was more or less, you know, over a series of many months, okay? what we do know right now the banks are now, telling the fox business network that they are taking affirmative steps, affirmative actions to remind employees what type of counseling they have. we know jpmorgan is doing this we do know that bank of america is doing this. but they are going out there and saying listen, we are worried about this. this is an issue. we should point out that most of these deaths, five of them are suicides. two of them are, you know -- ashley: mysterious he circumstances or unknown. >> unknown. people do have heart attacks even at fairly young ages. ashley: yeah. >> although i think the oldestgy guy, the oldest person in this cluster is in his 50s. these are generally youngish people. and, you know that's where we are right now. the banks are taking those affirmative steps. wall street is an interesting
1:44 pm
place. i will say this as someone who covered wall street a long time, when madoff happened and when you had the financial crisis, again that was a slow burn. people did stuff like this. the type of personality, if you get into it, why might people be doing this particularly the suicide portion of it? wall street is high stress. but my dad went up on scaffolds and worked 20 stories up with a construction workers. ashley: that is high stress. >> those guys weren't, that is really high stress. people in battle. that is high stress. what is interesting about wall street the type of person it attractions. attracts type-a personalities. ashley: yeah. >> type-a personalities are often people that -- highly strung. >> high-strung and armchair psychology here. people that do drink and do we don't know why these people died just yet. this is person where -- ashley: we all have personal lives. doesn't necessarily have to be job related.
1:45 pm
>> when you do it on how much money these guys make, and if you're in the environment you are now, not makes as much money, wall street salaries, take out the top dogs. ashley: yeah. >> main line wall street salaries, they're not doing as well. middle of the road salesman trader, which most people in wall street are. they don't make gazillions of dollars, most make in the area sound big to main street, 200 to $400,000 a year. those salaries are stagnant and going down. that adds a layer of pressure. giving you armchair psychology. i don't know why these gentlemen did what you did. that is essentially what is going on. i will say this again. this is what is kind of weird about this. listen, this could be just random. stuff happens randomly. ashley: yep. >> how was the universe createed? there was randomness to "the big bang theory", right? this could be random this, is odd when it happens all at once. as a reporter when you see
1:46 pm
something like this you tell people about it. i can't give you the reasons why. they look, they appear to be, despite, this is all over the internet in terms of conspiracy theories. ashley: of course. >> there is lots of who knew who where and how they might -- for all intents and purposes they're unrelated. ashley: yeah. they didn't know each other. >> don't think so. anyway. not a happy story but, we'll continue to, the street is taking -- ashley: banks are taking action. >> yeah. ashley: charlie, thank you very much. appreciate it. sandra: a wrinkle in comcast's $45 billion takeover of time warner cable as google tries to expand its reach to 34 new cities. ashley: bringing up trade between the united states, rest of north america panned europe and asia. peter barnes is up next with exclusive interview with u.s. trade rep michael froman. stick around.
1:50 pm
ashley: google making every efforts to grow google fiber. kansas city was first to get google fiber followed by provo, utah, and austin, texas. google is hoping to expand to 34 cities in nine metropolitan areas. google invited cities to build the infrastructure and do all the legwork as head of google fiber acknowledges that is really big job. it is scheduled to run 100 times faster than regular broadband connections. on line retailer buying physics labs, computer graphics company that makes 3-d models of clothing. ebay is hoping to grow its share of online apparel purposes but not disclosed how much it
1:51 pm
paid for startup. shares of ebay up a little more than 6% last year. up a little more than half a percent today. update on a story we brought you earlier this week. the department of homeland security scrapped its national license plate tracking plan. that plan, that would have helped immigration and customs enforcement agents has been taken off the table after privacy after advocates raised concerns. sandra: top trade negotiator is on the way to singapore for a new round of trade talks after returning from mexico with the president last night where the leaders of mexico and canada looked o expand trade in north america. peter barnes is live from the whiie house with more on the exclusive interview with the busy ambassador. >> that's right. mike froman was in mexico yesterday with president obama where the president was trying to push this big trans-pacific trade agreement he is working on with 11 other country including mexico and canada for the last
1:52 pm
four years. and, they may be getting close. mike froman headed to singapore tonight to, to try to see if they can make progress on the last few remaining eschews here. he said therr are two sets of issues that they're trying to wrap up the talks on. here is what he said. >> issues like agriculture, access to japan, access to canada. those remain critical outstanding issues. there are issues of the plans. putting -- state-owned enterprises while at same time insuring access to medicines and a free internet. >> this is a pretty big deal. the united states exports about a trillion dollars worth of goods and services to the asia-pacific region. more than half of exports with the administration. they would like to see the numbers go up because they mean
1:53 pm
1:56 pm
ashley: stock alert for you. we want to get another look at these markets. the dow sitting right near session highs. up triple digits. up 115 points right now. all three major indices in the green while commodities like oil and gold continue to remain under pressure after heading upwards last several days. now under pressure. sandra: oil tank hanging on triple digits. volkswagen top labor representative is threatening to block expansion in the u.s. if the workers are not unionized. rich edson with more from d.c. rich? >> good afternoon, sandra. german labor unions have much greater say in their companies than american counterparts.
1:57 pm
with the rejection of the union representation at the volkswagen plant, the head of the german vw union is threatening to block company expansion in the u.s. south. telling a german publication, i can't imagine fairly well another vw factory in the united states, provided one more be set up, does not necessarily have to be assigned to the south again. if codetermination is not guaranteed in the first place, we workers will harding be able to vote in favor. in the run-up to the vote, officials said volkswagen would likely build a new line in chattanooga if they rejected the auto workers plan to unionize the plant. vw denies that. they are trying to get a foothold in the auto assembly plants in the south for some time. this was the best chance prompted by its german union allowed uaw to campaign in the factory and agreed to the fast track election. despite vw's accommodation, chattanooga workers rejecting
1:58 pm
organizing with the uaw by 712 to 626. as part of the agreement with volkswagen, the uaw will refrain from trying to organize that particular plant in chattanooga for another year. back to you. sandra: rich, really interesting. what do you think theetimeline going forward is going to be? obviously there is something new on volkswagen every day right now. what are we watching? >> we're expecting sometime in the next few weeks for volkswagen to announce whether they will expand the plant, suv assembly in the american south. mexico is candidate for that. as for that election last week, there is still the possibility that the uaw can challenge those results, basically saying what had happened, was that there was undue influence from outside sources. we'll watch on that as well. ashley: rich, thank you so much. interesting because american south, nissan has a big plant in tennessee. they have been given massive tax breaks. there is no state income tax in ttose states. there is lot of advantages for know, automakers to go to the south. but as rich pointed out, those unions in germany, they are
1:59 pm
really, very influential in what the company does. sandra: absolutely. a bit different than what we're seeing here. ashley: adam shapiro will take us through the next hour of fox business. adam? >> that's right, ashley. we're about two hours from. end of the trading day. look at s&p 500 at eight teen 39. some analysts say if we break 1850, watch out we'll keep going up. but first, from russia's war on racy western lingerie to detroit's bond worries to the chinese investors with you get a loan and say to the book, good bi. we have you covered with the biggest storiis affecting your money today because even when they say it's not it is always about money. adam: facebook is buying text-messaging service whatsapp for 19 million bucks.
2:00 pm
jo ling kent is looking at way that investors like you can make money on the deal. jo, first, facebook shares recovering from losses earlier in the session. i guess investors think it was a good purchase? >> a large majority are still saying buy or hold the stock. only two, every core and pivotal actually downgraded it. they downgraded basically to a neutral. we're looking to a $19 billion deal, two billion with restrict the stock units to the staff of% whatsapp. one millionnnew users every single day signing up for whatsapp. ttis seems closely to be another push in the direction facebook said it is going in, mobile first. looking for different ways to create stand alone apps so people don't feel like clicking on blue f and signing into facebook and seeing everything is in one place. they're really diversifying after paper which of course has been doing reltestifily well. it is
229 Views
IN COLLECTIONS
FOX Business Television Archive Television Archive News Search ServiceUploaded by TV Archive on