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tv   After the Bell  FOX Business  February 28, 2014 4:00pm-5:01pm EST

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on this record-setting day. [closing bell ringing] liz: shares of msg moving lower. the i have confirmed that. when hank has been in charge of this company, at least since 2010. more than 100%. david: david: talk about news of the day which is what happened towards the end of the trading day. we had all green arrows. this is one of those nice-looking weekdays when we saw all arrows green. what happened at 2:00, rumors, word from the ukrainian ambassador to the u.n. and others in fact the russians were sending troops into the crimea, the lower part of the ukraine. that of course sent the markets going south. but, we should emphasize as questioned somewhat, we saw the markets turn around. as you can see that is a split decision, liz. liz: that brings us to the front page headlines of the we got data today. the commerce department revising estimate for fourth quarter gdp
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to 2.4% from the initial estimate of 3.2% of the downward revision largely due to consumer spending which was not as strong as initially estimated. >> pending home sales edged up, disappointing analysts. they expect a gain of 2%. year-over-year the index has fallen 9%. liz: goldman sachs says it is facing an investigation related to its bond unit. the bank gave few details. trading in fixed income securities being examined by regulators. the stock was not hurt by it. >> bitcoin, my goodness, when will the headlines going away. mt. gox is filing for bankruptcy protection. 750,000 of its customers bitcoins are lost now. that adds up to a lot of money. 100,000 of it own of the losses amount to $473 million. liz: this is developing. alibaba group, china's biggest e-commerce company, preparing for an initial ipo offering in the u.s. this year. according to reports from china
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the company hired morgan stanley and credit suisse as underwriters. david: citigroup says it will cut its fourth quarter and full-year results by 235 million. the cuts, company said it was duped by fraudulent billings in its mexico unit. we will get more information on that. meanwhile a busy day, a lot of international effects affecting the market. "after the bell" starting right now. liz: let's break down today's moves including late breaking ones. joining us is hennessey fund coportfolio manager. three stock picks to add to your portfolio no matter what is happening. kevin get des, raymond james. and we have senior price president of economic research. in the pits of cme. i want to start with you, dan. you guys hear these rumors.
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we don't like to comment on this one but this was so dramatically affecting markets intraday. what was it like in the pits? what did you hear? >> absolutely i was looking at the boards i see we higher. i peek up, six higher and kept breaking. two things to point out this market likes certainty. in early part of the day they liked what the fed said. they liked what was going on in the economy. we were 10 higher. as soon as that went down my initial suspicion there was russian problem in ukraine and that is exactly what happened. went from 10 higher to 10 lower in a matter of 15 minutes at the most. now we recovered, even more so since the close here. this thing needs to be watched. but i'm guessing there has been nees out there this past few minutes that said that russian issue isn't that big. david: saying a lot of the rumors were overblown. people were expecting the worst. >> right. david: brian, talk about the recovery from the gift we had today. the recovery came quickly. we still don't know all the
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details of what is happening in the ukraine. we show fundamentals what is happening in the american economy. yes the economy could be growing faster, yes, we should have more jobs but most u.s. companies have very little debt and mountain of cash and virtually no excess overload. they have cut down to the bare minimum. we are reaped to grow. all we need is a little bit more stimulus. >> it's a beautiful thing, isn't it? they have had years and years to cut out all the fat in the bottom line. all it will take incremental gain on top line revenue to really start flowing to the bottom line. it is unfortunate we haven't seen hiring we would like to see. we think that is coming in the second half year. david: when i said stimulus, i do not, i'm not a fan at all of government stimulus. i don't think that works. what i'm talking about tax reductions and reductions in regulations. lowering the cost of doing business. go ahead. >> exactly and i agree with you. it i point we've got everything
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kind of situated really well for any kind of a recovery we see to really transfer into corporate profits and those profits are so strong. you can see it in the companies what they're doing. they're paying back shareholders in the form of higher dividend and share repurchase agreements. it is flowing to higher cash flow on the bottom line. so i think it's a great situation going forward. >> i want to bring kevin into the conversation because the bond market traditionally is that place people fly the minute they whip any -- whiff any kind of danger. a traditional flight to quality area for investors. when we get the headlines, in essence, say what it was, that 2,000 russian troops, and it hasn't been confirmed but the press is saying 2,000 russian troops landed and taken control of crimea, a region attached to the ukraine, that bodes how for the treasury market going forward? what did you see today?
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>> liz, what you normally do in any kind of geopolitical risk would send investors into the treasury market in a big way. trying to put money out of risk and safer haven. treasurys are the best spot for that. that is generally where we see the geopolitical risk that happen. david: kevin, you haven't seen, we're looking at 10-year treasury now, you haven't seen a lot of movement there despite all the risk. >> really not, david. funny thing about it, whether equities go up 20 points or down 20 points, we might move four or five basis points in a real situation, i think it would have caught on but it seems like it was iffused almost as quickly the news came out. i don't know whether this is unconfirmed or confirmed but doesn't seem to have that effect on the pond market that it would normally have. liz: dan, the investor out there really is a little immine lately until we hear something dramatic. we were talking about apple
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today. shareholder meeting was there. suddenly there wasn't that much movement, he really didn't say that much, tim cook, the ceo but what are investors looking for to capitalize next couple months on some real yield? >> i think what they're looking for is more certainty in the economy as the previous guest said. we're at points where the economies or companies are running real well. if we start seeing a better economic picture that will make them feel a lot more comfortable of the caveat we do have to watch the things that happen, external things particularly when russia is involved. that's a big deal, whether or not it goes forward. certainty is the big thing you want to see. if we see certainty things will go better. david: brian, we seem to climb walls of worry, whether international events, bad weather, for example. we had all concerns about bad weather stopping retail sales. look what happened to jcpenney. jcpenney of all the companies in the world they saw pretty good numbers, sales numbers, and as a
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in fact most retails were up this week? i. >> i think you will see the weather play out into the first-quarter earnings. we're not going to really get some clean numbers i think for about three to four months going out of really what's going on in the economy but i think there may be some sales that are lost because of the weather situation but you know a lot of those in terms of whether it's buying a house or something you're not going to stop looking or going buy a house because you had a week or two of bad weather. those may be delayed a little bit but i think they will come back into the market at some future time. liz: at some future time. kevin, what grabs your attention these days? >> we talk about the risk to the bond market now. none are necessarily present but inflation risk and saw a little bit of it copping out of gdp numbers today, something to pay attention to, to robust economic growth. again, as dan said we're not really seeing it but it is a fear for us if you're holding bonds. i guess, any surge in jobs and
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we'll find out more about that next week but that doesn't keep that present as well. liz: do you like minus, do you like corporates? >> know me, liz, i love the muni market because higher our taxes go the more benefit it comes. high quality muni bonds. forget about detroit and fear get about puerto rico. liz: how do you find high quality ones. >> they're all rated. double a, aaa. a lot of states are double a rated better in general obligations. after tax yields in the ten year space in high quality bond are 140, 150 basis points above. you go to the muni market for income. david: brian, fixed income, what do you think? it has been in rough times past couple years. you have to balanced out equities with some fixed income, right? >> you know i think you've seen a move toward some of the way of utilities in way of capturing
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that income stream. all i tell people is just be cautious as you move into more equity-based and away from some of that fixed income you are really sort of shifting your risk level. you have to be cautious about doing it. i think, there's opportunities in every market. bond market and equities market. so, you know, i'm an equity guy. i am obviously going to pick that side. i think there are great dividend plays out there. david: got you. brian, dan, we'll check back in with you in a couple minutes when the s&p futures close. have a good weekend. >> you too. david: apple shareholders have spoken and they are backing tim cook and rest of the management team but are they being a little too optimistic about apple's future? we have both sides of that debate coming up. liz: wall street getting very bullish on one financial with some saying it could rally 50%? oh, who is that? oh, you have to stay tuned in to us and we'll play it out next.
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david: we want to hear from you folks, should apple shareholders be happy or mad with management? tweet us @fbnatb. your answers coming later this hour. ♪ [ male announcer ] what if a small company became big business overnight? ♪ like, really big... then expanded? ♪ or their new product tanked? ♪ or not? what if they embrace new technology instead? ♪ imagine a company's future with the future of trading. company profile.
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david: footwear company deckers outdoor is sinking today after
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issuing full-year guidance. liz: let's head back to nicole on the floor of the new york stock exchange. she has got that story. nic? >> liz and david, shareholders enjoyed great returns over the past 52 weeks. this stock is up 110% in the last year. today a different picture. the stock is to the downside, 12% lower an this is on the numbers they're delivering and the outlook they're delivering. when you think of deckers outdoor, let me explain who they are. ter h they are the parent company of famous ugg brands, ugg boots everybody is so hot on. other names under their umbrella is tiva sandals. they expect full-year earnings to increase about 8%. that is lower than the analysts were hoping for. they were expecting, first loss 16 cents is that too misses analyst estimates. david: nicole, thank you very much. liz: s&p futures closing right now, last of the month of february. we go back to dan stesich in the
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pits of the cme. dan? >> market have a really good way of reading the tea leaves before the news presses and they're not telling me they're not too worried about ukraine. we're about six higher, a point better than we went out. i'm feeling comfortable going into monday. >> thank you very much, dan. david: today's apple shareholders meeting comes at a better time than last year's meeting when the stock was trading 19% below where it is today. some people like megashareholder carl icahn think the stock could be a lot higher if management would take his advice for more stock buybacks. for details on individuals and issues doing apple right now, tedd hughes, eagan jones managing director and we have up capital management's ceo. thank you very much, guys for coming in. kent, first to you and carl icahn, what do you think of what carl icahn is doing, his proposal for more stock
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buybacks? why do you think it was rejected at today's meeting? >> thank you for having me, dave. as you probably know eagan jones recommended that shareholders reject the proposal by carl icahn. i think it was item number six on the agenda. david: right. >> and we did so, we did so because for the same reason that one must assume the shareholders do, we think that management's been doing an excellent job over the last year or so of returning capital to shareholders. they have done a responsible job. they're doing it carefully, and from our point of view they don't need to be micromanaged by a shareholder as to how much and exactly when they do it. david: okay, but anton, look at full-year chart if we can or at least a chart showing about the time at which carl icahn got involved. can we see that chart? we have a special chart which shows exactly when icahn bought
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into apple and you can see, right at that point is where the stock begins to climb. is that just coincidence? >> yeah. so i've always stated that apple stock at 450 and there was $100 baked in for carl icahn's input with shareholders hoping he might free up some of the cash reserve built up in apple. since he pulled back the stock sank back down to 56. i think icahn factor was worth at least $50 a share. maybe as much as $100 a share. david: anton, what do you think of apple's future generally speaking? do you think maybe it has seen its day or could get a second wind? >> well, i noticed the wording that kent used, responsible, careful, conservative. now this isn't the apple that we know from years ago. david: that's true. >> so i think the aspect with apple is for investors to have realistic expectations when they're buying this company. it is not apple of 2,000 and 2004. this is much more mature
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company. it has a 2.3% dividend yield. 28% return on equity. there are a lot of good fundamentals ii apple. it will not be in my opinion a stock investors are looking at 100% return. it is not in the growth category of other companies like tesla and some of the others but it is a very solid company. the key is investors understanding and having a good perspective and real es -- david: i get you. i think i get you. i'm mature. there is nothing wrong with maturity. i like maturity. however apple used to be kind of the young kid on the block with these exciting, new ideas that everybody said couldn't be done. they made it happen. and has it lost that sort of, that sort of excitement? >> i don't think so at all. i think the important thing is that the board used its judgment as opposed to carl icahn's on how much capital should be returned to shareholders and at what pace. david: right, but, kent forgive me interrupting, forgive me for
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interrupting but i'm focusing on the company itself. let's get away from the icahn issue. just the company it seven, apple, as anton said, has it lost that young, fresh, bold, quality it used to have. >> i don't feel so when it comes to capital. capital returns to shareholders they have been dynamic over the last year. david: kent? >> i just have to say again, that is with with regard to buybacks. that is with regard to return to shareholders but what about products in have you seen the product that is show it still has that special x-factor that it used to? is. >> well, at eagan jones proxy we don't, we don't opine on product development. that's not our expertise. we make recommendations to shareholders on how to vote at shareholder meetings and in our view the company is a strong one. david: okay. anton, what about that? jeff bezos has said famously that even his own company amazon
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will reach a point where it will be eclipse by other new economic model, new management model or et cetera. it won't happen hopefully soon according to jeff bezos, the suggestion that has perhaps already happened to apple. what do you think? >> well, see our office is about five miles from the campus in cupertino and i have spent a good part of my career in san jose and silicon valley and the buzz in silicon valley is at a high level i've seen it in years past and what we're seeing in the shareholder meetings, so we have a billion dollar business with our apple i.t., itv, and that is a $99 item. this is way discount from what ipads and iphones were selling at premium dollars. so, you know back it your question, the innovation is going to be a key. changing behavior. changing society. products that are brand new, never seen before. that to me is questionable. but as far as solid company,
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yes, but as far as innovation, i'm looking somewhere else for that. david: okay. well, kent, certainly was right as far as shareholders were concerned with the stock buyback situation. they feel very comfortable with management decisions right now. kent hughes, anton bare, thanks very much. good to see you both. >> thank you, dave. liz: we talked about political unrest, there are more details now. in fact we're getting report that is have been confirmed by at least some speaking news that at least 10 russian air vehicles have landed in the crimea. this ukraine situation is heating up. investors tend to flee from emerging market fund when they hear about these kinds of things. of course they have underperformed the broader market but do you want to start panicking and pull money out when there could be individual opportunities, dave? david: are investors jumping the gun? we're going to have an expert in emerging market saying maybe now is the time to get in. when things look darkest nabe that is the best time to get in.
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>> i'm peter barnes in washington where we have just learned that president obama will be going to the white house press briefing room within the next few minutes to make comments on the developing situation in the ukraine. we are monitoring reports that
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russian military, military personnel have landed in airports in the crime mia area of the -- crrmea area of the ukraine. the ukrainian ambassador to the united nations just in the last few minutes told reporters at a stake outcome a at the -- stakeout camera at the union u.n. the main airport captured by russian armed forces. ambassador to the u.n. said 11 russian military helicopters and m-24 military transport planes had been flown in. the u.n. security council is meeting in private at this moment. standby for the president, back to you, guys. david: as soon as the president comes on obviously we would cut to that immediately. meanwhile we are getting people on the ground in the ukraine to talk more about this. liz: in fact we have jessica, a fox news radio correspondent,
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the second we can connect with her. she is in the crimea right now. we'll get that for you, but folks, this is important breaking news. we're all over it. blackstone posted a record-breaking performance in 2013 climbing back above its ipo price for the first time since going public nearly seven years ago. david: now we have someone who says, blackstone still looks like a bargain in a pricey market and the stock has a lot of room to grow. editor teresa reef voice. thanks for coming in. when blackstone went public it was just when the financial crisis was about to him of course it has recovered. the past year it has doubled in stock value but has it shaken off that stigma entirely? >> i think its with interesting when the stock was approaching its ipo price some people were concerned there might be psychological resistance there. honestly blackstone is a completely different company today. its assets are so much bigger and it's proven in before, you
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could say, maybe they weee just, you know, going along with the good luck of the market. but the fact that they have been able to hold on through the downturn and excel shows that they can navigate through good markets and bad. liz: you've got quite a smart guy at the top, steven swords men who was on -- schwartzman, who was on fox business news with maria bartiromo. what grabs your eye blackstone is doing now that positions it for the next couple of years? >> i think they're making a lot of smart decision the. it is a crazy market given the fact that everything has gone up in 2013. they're finding good way to deploy the capital everyone is giving them. versace news, at end of 2013 they invested in crocs. they invested in high-end and low end of fashion. i think they're doing a lot of intelligent things.
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as i said before schwartzman has shown he can manage good types and bad. david: which just had a report on apple and whether they are doing enough stock buybacks and giving enough back to the stockholders. the dividend at blackstone is just enormous? >> well that's true. that is not completely out of character for the group about, you they do -- david: how much is it now, the dividend. >> 4.7%. that fluctuates of course. david: wow. >> that goes back and forth. it's a little complicate because of distributable earnings are one of the metrics that you -- david: shouldn't hope to get 7.4% every year. that is forward-looking and it is big, it is huge. >> it is. and blackstone can afford to do that, as i said in my piece. they have made a lot of smart decisions and they're starting to reap the benefits from those decisions. so they can afford to do this. it looks as if they will continue to make smart decisions and reward shareholders. liz: other names in the space have either followed this model or taken their own tack. fortress, there are smart people over there publicly-traded but
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do i think this is the best of the group or could you salt some cash into couple of names here? >> i think that blackstone is definitely the model. one of the analysts i spoke to in my piece noted they are reallied model for all their peers want to be blackstone because they have the best track record, they're the largest and they have done a lot of good. i think they are probably the strongest just because they're the largest. they're getting lion's share of new assets coming into the alternative asset managers. they have a proven track record. that is not to say, kkr, carlyle group, fortress as you said a lot of these i think will benefit from increasing popularity from alternative asset managers. david: teresa revis. "barron's" manager. we appreciate you coming on. liz: we're awaiting comment from president obama, 4:45 eastern, just 15 minutes from now regarding the turmoil going on in ukraine and specifically, david, the crimea. here is live picture of the
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podium. we're awaiting comments because it appears the situation is heating up with actual sightings of russian -- david: we have word from ukraine's ambassador to the united nations we are informed about illegal crossing which is how he put it of the borders by russian military transport aircraft, 10 of them. six plus four and arrived and 11 military helicopters also crossed the borders this is according to ukraine's u.n. ambassador. that had a direct effect on the markets. more to come right after this.
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liz: we are awaiting president obama who is about to make a statement. this of course is the press room. you can see reporters preparing and getting what are called white balances for the cameras. this is hastily organized press meeting due to the fact that crimea's airspace has now, according to dow jones newswires, been ordered to close by ukrainian authorities because the russians have apparently arrived in the form of 10 aircraft and 11 military vehicles. you can presume what you want. we'll get more details from president. it appears if the russians might be trying to make a play for it. david: again these rumors are what sent the market from triple-digit gains on the dow into negative territory in very short order.
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eventually the dow jones industrial average ended positive by about 50 points today. that may change of a hours depending on what the president said. he may squelch certain rumors circulating like wildfire. stay tuned. we'll bring that to you, as soons the president comes on stage. liz: we'll keep the shot. david: threat of slowing economy in china, recent news has led investors to flee emerging markets. withdrawals from u.s. based etfs investing in emerging market equities and bond total $11.3 billion this year, surpassing the 8.8 billion in redemptions we saw in all of 2013. liz: should you follow the crowd or is this creating opportunities you don't want to miss? with us, jonathan brodsky, managing director at advisory research. you've been in eastern europe, central europe everywhere, you don't scare easily. the herd mentality is dog left or right and come away.
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>> i picked excellent time to talk about whether good time or not good time to invest in emerging markets as helicopters landing in the ukraine. the emerging markets are meaningful part of the global economy. most investors are meaningful underweight that part of the market. the headlines are quite negative. valuation perspective they trade to huge discount to developed markets and long term there is lot of opportunity. david: focus on areas of opportunity, rather than spending money on etf that covers all emerging markets. >> right. david: for example, panama. panama recently gone through this tremendous process of dredging the canal even deeper and wider. so it can allow those big, new tankers in. you've seen investment related to that. >> we've been investors in a company, blx. they are very high quality trade finance bank based out of panama city. from valuation perspective it hits on all criteria we like at
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advisory research. trades tangible book value. roe consistently up 10% and pe below 10 and yield above five. we think trade between latin american and asia and especially on commodity will only increase and blx benefits from that long term. liz: china is easy one. people question the data from the government lately. i'm talking last year or so. it has not been a shining example of growth people hoped it would be. >> right. liz: what do you like in that region? >> i think this is very important question especially relative to the et purchases most people invest n when people investing in emerging markets are thinking of them broadly as one basket and each of these markets look very different. china has certain characteristics. brazil has other characteristics. korea and mexico are two markets we like particularly that have other characteristics. as it relates to china. we think investors should expect a relative slow down in growth especially on property side like markets in australia that could
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be negatively impacted by that. with companies we like consumer oriented growth because wage inflation is something long term. david: china, panama, they have nothing at towel do to do with ukraine that is the problem for emerging markets. it is easy for trouble in one area of the world to bleed over even if it has nothing to do with that. >> that is why we caution our investors on etfs related to emerging markets. etf are heavily cap weighted. so you're buying megacap around the world. they have issues from the governance standpoint or politicians have impact on the company and because they're so big. the sweet spot in the market is mid-cap and companies heavily related to consumption growth and other activities in these markets very attractive. they tend to be better on corporate governance side as well. from regional standpoint as active stock-pickers like me at our firm we're able to pick specific regions and avoid investing in them. for example, russia and ukraine are approximately 6% of the etf.
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emerging market etf. currently we have diminimus investment in those markets. as we see what's happening evolve i think it is much more of a macroconcern than it is specific to our portfolios. david: got you. liz: but, as we wait and you can see we're waiting to hear from the president in the lower right hand pardon of our screen there i will was flight to quality on monday s that a mistake for people listening right now? >> i think there are different ways to approach it and thinking about investing. when we talk to the clients about investing we're not looking out over next week, next month or next year. we're saying emerging markets represent 30 to 40% of global gdp. what kind of exposure do you have to those markets? currently valuations are extremely attractive. valuation at the time you're making initial purchase given that fact we not recommend to our investors to change course right now. david: jonathan, thank you very much for being here. as you can see right down there bottom right of the screen the president is about to speak. when he does so we will bring that to you live.
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the question is what is going on in ukraine? is that a full-scale invasion by russia? is just an exploratory force russia sent in or are they all rumors. we'll get that straightened out hopefully by the president coming up right here. life's an adventure when you're with her.
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see quote, evidence of air and maritime movement into and out of crimea by russian forces. here is the map. look at the south part of ukraine. crimea is that region obviously very close to russia. but it appears military aircraft, that are indeed russian, have landed there. more than a dozen aircraft, with russian troops, near appear to be accurate. these reports appear to be accurate. we have a fox news reporter, radio reporter on the ground. we're waiting to establish a connection with her. pentagon officially not prepared to characterize this movement. the minute he comes out we'll tell him about that. meantime a startup, that analyzes online platforms and all kind of breaking news that would develop, like the situation in ukraine. anything that goes on twitter or blogs this can help you the investor to see what is trending
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an making news before it hits newswires. this company received $1.5 million in funding. how can session media give you, the investor the competitive edge? joining us now he runs eagle alpha. ceo and founder is just fascinating. you call it social sonar for the high invested, investor. i think this is fascinating. first, tell us how it works. >> eagle alpha uses a range of different technologies and team of research analysts to cure rate the entire web for inside information for our clients -- cure rate. liz: what do you do? twitter and what else? >> twitter, linkedin, and rivals in china. we do blogs, forums, general websites, you name it. liz: there is a lot of junk on the web unconfirmed and down right inaccurate. how are do you make sure you give your users accurate information they can then make informed decisions about
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investments? >> what we do, we use technology and humans to kurate the web. humans can give good judgment under like technology. good exam last year when the syrian army hacked, we knew it was fake. if you tried to corroborate that tweet on twitter, there was no other tweets in washington saying there was a bomb in the white house. melissa: so you have smart people looking over the electronic shoulder of this so-called skin far mining? you're mining all that is out there of here is what is different about the country. you have different structures and. hedge fund are paying at some points big dollars for this, correct? >> that's right. half our clients are sell side firms. have our clients are buy side firms including hedge fund. liz: talk about the structure of payment. >> we have different payments for different products. we curate entire web.
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liz: how much do you charge me. >> $50,000 per hedge fund per annum. liz: five, 0. 50,000. >> yeah. liz: you have a good database of people paying that? >> we do. one-year anniversary is next friday. early days but we're doing well. liz: i love to believe everything you say but give me example you've beaten wires to a chase of a big story that could have helped me invest in something, hard anecdote here? >> so recent one was that when kkr bought a stake in marvell the u.s. semiconductor company before traditional wires. stock went up 10:00%. we're not just about short-term information. we find a lot of really unique color about stocks and macro trend. we also find a lot of themes and trends on the web. liz: i found one interesting because we did some research on your company. you found out before the general world found out that, this to me sounds crazy or too dei would tailed but the -- detailed.
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portuguese finance minister was leaving his post that tend to affect sovereign debt those kinds of things. >> absolutely. liz: what happened there you? beat the wires. >> we knew he was resigning before the wires. that had a big effect on portuguese 10 years. we have algorithm identify 15,000 best influences on twitter. we're watching them like a hawk and like an eagle. they help us pick up insides before the market. >> can make those decisions to invest. emmett, what an interesting cop, thank you very much. >> thank you very much. liz: the ceo and cofounder of eagle alpha. smart money, david, is paying this company to find out before the wires find out. david: a lot of money is waiting on the sidelines to see what is happening in the crimea. the president is telling us momentarily littlely. we're getting news, all kinds of news of russian troops landing in crimea. there are a lost russians of the they speak russian in that area of ukraine and that is apparently the excuse that the
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russians are using to go in or invade. we'll be right back with the president right after this. announcer: where can an investor be a name and not a number scotade. ron: i'm never alone with scottrade. i can always call or stop by my local office. they're nearby and ready to help. so when i have questions, i can talk to someone who knows exactly how i trade. because i don't trade like everybody. i trade like me. that's why i'm with scottrade. announcer: ranked highest in investor satisfaction with self-directed services by j.d. power and associates. buwith less ergy, moodiness, and a losex drive, i had . 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 fouse in women or anyone younger than 18 or men with prtate or breast cancer. women, especlly those who are or who may become pregnant,
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liz: we're standing by for breaking news and the president of the united states who is about to come out and speak about the situation in ukraine, specifically crimea, the region in the south that, appears,
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david, russian forces have moved in. david: we have heard from ukrainian officials who are outraged what has been going on. we also heard from people within the region who have first-hand accounts of seeing russian troops in that area of ukraine, the crimea but we're about to hear from the president of the united states, who supposedly will be able to separate rumors from the fact as far as this wages is concerned. -- situation is concerned. peter barnes from washington. peteer? >> to repeat what we know now, the pentagon is officially not characterizing this or prepared to characterize this as movement or an invasion or anything like that but officials are telling our colleagues at the, fox news colleagues at the pentagon that they evidence of air and maritime movement in and out of crimea by russian forces. other u.s. military forces report that nearly a dozen aircraft landed with russian troops at an air part in crimea.
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that appears to be accurate. and there are other reports on the ground from crimea also saying that they see sources saying that they see signs of militarization on the peninsula. david and liz? liz: ashley webster is in the newsroom, trolling the web and we have fox news radio reporter on the ground in crimea at moment. as soon as we can establish connection with her we'll get to her. ashley, what are you learning? >> this is part of ukraine almost autonomous. it has its own presidential representative and own prime minister but still considered part of the ukraine all those live in crimea believe they are russian to the most extent. 58% of people who live there are ethnic russians. when mr.ian coach very was deposed and -- yanukovych was dethroned and thrown out of the palace they looked at that as a coup. they do not recognize kiev as a legitimate government. they believe it is their time to
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claim back their part of ukraine, crimea, as russian. in fact as we speak there is banner hanging over the crime myarian parliament building, it says, crimea is russia. let us not forget the russian navy, the black sea fleet sits there in crimea. it is critical to russia. they have a lease agreement with the ukrainians they are not allowed to conduct any military operations, even driving military vehicles outside of the base perimeter. of course that has been going on all day. we've heard that from, many, eyewitnesses. certainly something is up. one other note. i just want to mention, guys, the troops that came in and apparently look over the airport at the regional capital in crimea were wearing non-russian fatigues or army outfits. it is believed they belong to a secret security force hired by the kremlin and therefore if you want to extend that out, mr. putin is not violattng the agreement with crimea by putting
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russian troops in but certainly things are escalating. numerous report of dropped movements as you've been talking about. as i say crimea sighs itself as russian and this is -- david: we should say, ashley, a lot of russians there see themselves as russian. we should remember this goes way back when stalin was in power. he populated that area forcibly with russians so he could claim it was part of russia or soviet space. we have to remember, vladmir putin, the president of russia, former kbg guy, he lamented, liz, the downfall of soviet union and loss of ukraine and baltic regions there. is concerns if he could invade here he plight invade other parts of the old soviet union which are now independent like the baltics. liz we have waiting but we understand that the ambassador to the u.n. will be speaking momentarily. the president of the united states will trump him. we'll get everybody's comments to you.
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stunning developments in crimea, just in the southern part of ukraine where all kinds of military aircraft have been landing and they are russian. david: gerri willis will take you right to the president. stay with us. .. dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years.
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gerri: hello, and welcome back. we are waiting for the president @onight to address the situation in the ukraine. we have a developing crisis there. i'm going right to peter barnes for details. peter if. >> well, that's right, gerri. we're monitoring developments here in washington, waiting for the president to comment on latest developments in ukraine, where there are reports ukrainians and ukrainian ambassador to the united nations of an illegal crossing by russian military personnel of the borders into crimea. the russian, the ukrainian ambassador saying that transport aircraft, around 10 of

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