tv Markets Now FOX Business March 7, 2014 1:00pm-2:01pm EST
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cheryl: nice to see you. i did appreciate when yuri branded pds p daddy. nice. ashley: thank you some much. british invasion. i am ashley webster. cheryl: cheryl casone. job surprise, the u.s. economy added 175,000 jobs in february topping wall street expectations of 149,000 but the participation rate still stuck at the lowest level since 1978. ashley: you can see more small drones buzzing around the sky, fallout of a federal judge rules, the and a a has no authority to ban commercial drones. cheryl: russia is demanding $2 billion or else, the threat to ukraine at stability as natural gas supplies are routed. america's natural-gas alliance ceo joins us exclusively with how the u.s. can hit russia
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where it hurts, their wallet. ashley: the tech gurus, with see lisa and the repeated with the $400 bid. the creator of tough needle on how the 2-year-old startup is now the number-1 rated mattress on amazon. agreed story. we will bring that enough few moments. time for a look at these stocks as we head to the floor of the stock exchange and our own nicole petallides. volume is above average but haven't given the market any conviction despite the jobs report. >> we are back to the volatility we have been seeing in 2014, yet many of these in back-and-forth action we somehow make a record and that is what we did today for the s&p 500. you see it in negative territory down 1 point it actually made a new all-time record intraday high and that is the third time this week, the sixth time this
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year so slowly but surely we are managing to bring that out. the economic news we had to digest this morning of the jobs report, 175,000 jobs, better than the estimate of 152,000 that people like taking that in stride. the best part of that gave the initial rally that the fed will continue on its program of tapering. it won't rushed to take more or slow down tapering or boosts tightening but say what everybody thought it would. that is one of the reasons. back to you. cheryl: we will watch the s and p, thank you. a federal judge handing out a decision that may have major implications on the use of drones in the united states. joline kent is on the story and joins us with more. >> commercial roads have been ruled federal legal and could open the skies to more of them. the national transportation safety board administrative judge patrick get ready dismissed the existing fines
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against drone users. there is no binding lot, banning the use a small drones. the $10,000 fine against klystron operator rothschild parker for filling with a drone at the university of virginia. the ntsb ruling makes it illegal to fly drones at a low altitude for businesses and fox business, it is currently reviewing the decision. it could appeal the decision but recently the faa announced it announced a new rule with binding authority, and analysts expect to address licensing and the usage restrictions. what does this mean for companies that want to launch drones? experts say we should expect period of experimentation, any more drones in the keith ablow companies are probably not going to launch given the aca rule, it would not be wise to invest that money. they're still subject to tort
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law. ashley: the crisis in ukraine come it is clear at this point russia is no sign of backing down in the face of western pressure. vladimir putin vigorously defending his country's actions, they are completely within international law. as for the latest developments, the interim prime minister warning the crimean parliament said no one in the civilized world will recognize the referendum on joining russia. the border believes russia now has 30,000 troops in the region almost twice the estimates from earlier this week. moscow has denied sending any new troops to crimea and observers notice they are driving vehicles with russian military plates. russia's state-controlled gas company is warning ukraine it will cut off gas exports if it does not pay off its new year
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$2 billion debt. cheryl: ukraine faces a shot off of natural gas. in the u.s. we have plenty of supply, the u.s. is the world's largest natural gas producer. followed closely by russia. the boom in production is due in part to fracking but when it comes to exporting all of that natural gas the u.s. comes up at a measly number 8. there's a growing outcry to expedite the plentiful natural gas on eastern europe. martin durbin is american natural gas a lion ceo, how fast could the infrastructure be built if approved by the president to make a u.s. a natural gas exporter of where we should be at number one? >> the infrastructure is going to take a while before we are ready to get natural gas out of the country to our allies but what is important is developments in the ukraine point at the opportunity of the united states to play a more robust role in the global energy
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market not only to help our friends but to minimize the opportunity for countries like russia, venezuela or others to use energy as a weapon. cheryl: a lot of come out this week, congressman ted poe wants the fast track built through the house, fast-track natural gas approval, senator mark udall of utah wants companies the ability to export to any countries they want. of those two ideas which to you prefer? >> it is encouraging at this point of the we have bipartisan and bicameral efforts, senator udall in the senate, corey gardner, tim ryan, congressman paco, all trying to look get creative ways of being able to expedite the process. that is the problem we had. several facilities wanting permits, need to have these permits. our view is the department of energy should go ahead and approve permits to all that meet the criteria and let the market figure out which ones will be built so we can quickly get our
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natural gas to our friends. cheryl: three years they approved 6 applications they got, 24 that are sitting on the secretary's desk that haven't been touched. isn't that correct? >> it is important to point out not all of those will be built. the market, a round world, is not infinite. the capital needed to build these facilities isn't infinite. we need to quickly get those economic facilities built as quickly as possible. >> we let the companies decide whether to move forward, crazy me. and companies that are heavily into natural gas, and they want to see export capabilities, boosting this, oil and gas, apache. ids companies ready to go if
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this legislation in d.c. is fast track what they want? >> these companies are ready to start increasing production as soon as the demand is there. for power generation, the manufacturing renaissance, we are going to see in the united states and even in transportation. that is what is so exciting about the opportunity. we are not supply constrained. they are going to start meeting that. cheryl: what does that mean for americans in the sense of jobs? when we get a jobs report again a lot of upsetting data we got this morning, americans are not making much money, not getting the work they are trying to find, what will the energy industry do as far as job creation and what about revenue for the country? $6 billion in overall revenue for natural gas production. where will those numbers go? >> no question they increase. natural gas and the oil industry, the one segment of the
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economy that was growing throughout the recession will continue to do so and as you continue to push up demand. and all kinds of multipliers. cheryl: what kicked off this discussion, this debate over the keystone pipeline over the past year-and-a-half they're changing as well. the keystone pipeline and all so does any of this help the ukraine in the near term, this discussion? >> the keystone will be approved eventually. it has gone on too long as far as the process. what is more important is the situation in ukraine has elevated the debate not only with policies of the makers but the public. the public will see much more clearly what the economic benefits, environmental benefits and energy security benefits producing natural gas and being able to export to our friends
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and allies. cheryl: martin durbin, great to have you on the show. the leading voice for natural gas companies, we will continue to follow the story, thank you. ashley: investors are not impressed the february jobs report beating the street but stocks barely budging. ibm's chief economist michele gerard at lasalle networks at ceo tom gimbel will tell us where the jobs are. ashley: the founder of bitcoin. cheryl: he is not the guy. and the lead reporters that were on the front lawn. ashley: the perfect the proportion doll, crab funding bringing to the market. what about 10? [ male announcer ] we know they're out there.
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have 48 consecutive months of private sector job growth to the tune of 8.5 million jobs and we have to do more. no doubt about it. ashley: digging deeper into this month's gains we see construction, manufacturing and production see nice increases this past month. the leisure and travel industry making a move upward as well but retail transportation and warehousing information services all seeing sizeable decreases in february versus january. let's bring in our expert panel, michelle gerard, obvious chief economist and tom gimbel, ceo of starting firm lasalle network. thank you to you both. let me begin with you first. did anything in this report when we look at those individual sectors standout at all? >> nothing too much. i was a little surprised it came in at 175,000 jobs. after what we've seen the past couple months i thought might be a little bit lower however in looking at it with the inverse
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relationship we have seen the last few months with the actual unemployment rate, actually went up 0.1 point or last month's decrease in jobs were less than expected is an interesting situation we have but it will keep getting better and better and we are in a good place right now. cheryl: the question is the fed. we heard from president dudley in the last hour, and he thinks the fed should drop the threshold target of 6.5% for unemployment and also said the rate today seeing some improvement in labor markets. that is the speech he gave an hour ago. what does that mean for the taper? >> in any case that hurdle for them slowing the pace of tampering is pretty high and that is a message yesterday. and that is a clear message from a lot of fed officials but i also have to say this number today was actually better than expected. there was evidence if we look
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for example that hours worked were down, that the people who were unable to work to to the weather was very high. there was evidence of whether rim pact and yet we still got a job gain that is close to the trend we have seen the last couple years so if anything it may have been better. the underlying numbers may look bat is another reason the fed will build confidence and customers, with the economy is doing will not be altering its pace of tapering in either direction. ashley: you work for starting a company and you say there are jobs that people have to be prepared, the unemployed have to be prepared to take a pay cut and perhaps a lower job title. you say why don't you do that? you get into a growing thriving industry and work your way back up the ladder. easier said and done. what are the thriving and growing industries right now? >> the question is why is it easier said than done? there is a disconnect between the numbers and reality and what people are trying to do. we are looking at unemployment numbers and eventually we will
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get their next few years if we have to bring down national unemployment and regional unemployment and probably state numbers are better than federal numbers because what is going on in omaha and chicago and new york city are three different statistics. cheryl: what is going on? you have your eye on the pulse of where the jobs are being created and what we heard from the government today was professional services, education and bars and restaurants. the third sector is not hiding sector, the average wage is 24 and change. is that true in your opinion? >> you are 100% correct. professional services and business services are growing. where did those growth? hy urban markets owner york, chicago, san francisco, miami, where does it decrease? why are restaurants adding the because business travelers up and service businesses are going well. stuart: try adding sectors in restaurants and hotels, if you
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go to major markets, hospitality is up, professional services in major metropolitan areas and is not exactly affecting people in the retail area. we did see construction increase, 15,000 jobs this month so it shows we are getting some development in that area of space but a lot of that is going on in or around closer urban markets. we are not seeing stops in arizona and vegas and resort areas that were big at the time. is focused around business sector and that is what we are seeing in the stock market and that keeps going up so businesses can invest more money. we are not seeing in the world transactional $40,000 to $60,000 area where the majority of americans have been hit. ashley: let me ask you this. most of the increase in the unemployment picture in february came from the long-term unemployed, people who have been out of work 6 months or more, they make up 37% of all the unemployed individuals. that is a really high number. how long and what is it going to
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take that number down? >> i thought that was one of the things tom was going to mention. you talk about breaking down these statistics you are exactly right. all of the decline, the elevated nature of the unemployment rate is in the long-term unemployed. those who have been unemployed for more than six months account really for why the unemployment rate is still above its level. if you look at the unemployment rate for those who have only been unemployed for less than six months it is actually below its long-term average. all of the long-term unemployed, it will take a while to bring that number down and also important to note that for some portion, they will not get a job, 20% of those are 55 years and older and they will end up leading labour market. cheryl: use unemployment is
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15.8%, 18-29-year-old guys. five seconds real quick. >> youth unemployment is high when they increase the minimum wage and on the facade long-term unemployed the question is and when they're going to be higher but why aren't they being hired because there is the skills gap. cheryl: great discussion, thanks for joining us. a lot covered. ashley: some of a little depressing. cheryl: coupons.com making its debut on the stock exchange and it only seems fitting its ipo price was half off. shares doubling and trading and shading up to be a busy few months, names to watch coming up. ashley: the latest on the tense situation in ukraine. former state department official david kramer will be joining us for what he says is the only solution to end the crisis there as vladimir putin shrugs off
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fourth quarter earnings fell 30% on declining same-store sales but results are better than anticipated. bin laden announce $125 million share buyback programs are set to go into effect tuesday. stock up 20% as you can see. ashley: breaking news on the crisis in ukraine. russia remaining defiant today in its occupation of the crimea region. the prime minister sergei lavrov warning john kerry the quote, hasty and reckless steps could harm russian-american relations. the obama administration yesterday is vowing to remain firm on the kremlin if it continues to escalate the situation in crimea. for more on this bring in some assistance secretary of state for democracy human-rights and labor, current freedom house executive director david kramer. thank you for joining us. the only solution is for all russian troops to pull out of crimea but how likely is that?
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>> and the europeans, a slow start for the weekend, and the administration takes a firmer position and have to move some ships into the black sea, and it will require the europeans to step up to the plate and particularly talking about the germans which are the most powerful player in europe. ashley: much has in may of this trans-atlantic gulf that is forming because the u.s. is pushing hard for sanctions and as you say the possibility of warships, some fighter jets sent off to poland, but other euro countries, germany in particular has been hesitant. they don't want to antagonize moscow. how much has that hurt the negotiations and let russia know that they are serious about what they are saying? >> the first step is the u.s. has to show leadership and the
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u.s. showed lack of resolution on this in the first few days but that is changed. credit the obama administration for getting more serious and tough about this. my hope is the europeans will follow suit and understand business as usual is not acceptable when you are talking about a russian invasion of ukraine. ashley: what are the motives ultimately of vladimir putin? >> he is trying to block any efforts by ukraine to move closer toward europe, to integrate more with europe, whether with the european union or nato. what he simply wants to do is try to keep ukraine and other states of the former soviet union under his control and that is what he has been trying to do for years. we saw it in georgia in 2008 and seeing it in the case of the ukraine and is incumbent on the united states as well as the europeans to make it clear to vladimir putin that this behavior is unacceptable and when we use the word unacceptable we have to do something about it and that is what the u.s. is starting to show and europeans will do the
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same. ashley: what i have noticed too is the radical far right in ukraine announced starting to have a say and threatening to go to crimea to perhaps engage -- i assume they are russian troops, russia says they are just loyalists but either way are you concerned, we have the ukrainian troops basically barricading in their base in crimea. are you worried that that could fill in to something bigger? >> all it could take is for a drunk soldier on one side or the other to fire off his gun and we have a war on our hands. the situation is tense. the ukrainians have shown tremendous restraint in not responding to russian provocations and the russian effort to take over part of its territory. crimean territories which make up 12%, 13% of the population are another segment of the population to keep an eye on. there is too much at risk and too many things can go wrong intentionally or otherwise that could lead to a bigger problem.
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ashley: thank you for joining us. cheryl: about-face. newsweek claims and found a creator of bitcoin living in california. with reporters showing up on his front porch he is changing his story. ashley: nothing to see here. no snoozing on the job. king size success in only two years, has become the number-1 rated mattress on amazon. the impressive startup story coming up. i ys say be thman with the plan
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that can restore t vels to normal in about two weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women, especlly those who are or who may become pregnant, and children should avoidt where axirons applied as unexpected signs of puberty in children or changes in body hair or incased acne in women may occur. report these symptoms to your doctor. tell your doctorbout all medical conditions and medications. serious side effects could include increased sk of prostate cancer, worsening prostate symptoms, decreased sperm count, ankle, feet or body swelling, enlarged or painful breasts, problems breathing while sleeping and blood clots in the legs. common side effects include skin redness or irritation where applied, increased red blood cell count, common side effects include skin redness headache, diarrhea, vomiting, and increase in psa. ask your doctor about axiron. coach calls her a team player. she's kind of special. she makes the whole team better. he's the kind of player that puts the puck, horsehide, bullet. right where it needs to be. coach calls it logistics. he's a great passer.
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dependable. a winning team has to have one. somebody you can count on. somebody like my dad. this is my dad. somebody like my mom. my grandfather. i'm very pround of him. her. them. if your denture moves, it can irritate your gums. try fixodent plus gum care. it helps stop denture movement and prevents gum irritation. fixodent. and forget it. cheryl: busiest year in ipos since 2007 speeding along with coupons.com making its debut on
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the new york stock exchange. that stock is soaring. sandra smith here with the latest. >> hey there, ashley, cheryl. breaking news. anybody following this coupon's.com ipo, big day. it is now at highs of the session. this is an intraday chart here. it has now doubled from its initial public offering price of 101%. so this is the discount website. it was founded back during the dot-com days. it is now making a move to mobile devices. if you're wondering how it makes money, it generates revenues when customers actually use coupons. it is still not profitable, take note that, but its revenue is pointing to maybe profitability in the future. its revenues did jump during 2013 making it somewhat promising stock for investors out there. so that stock up 101%. next up, biomet. want to watch this one, guys. this is a medical device-maker. filed to go public to pay off some of its debt from the
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acquisition. they make dental inplants and artificial niece. acquired from ppg and goldman sachs in 2007. it plans to raise 100 million bucks and trade under the symbol, empt. on the split screen there is wear fare. you probably seen this website -- bmet. they are planning public offering in the coming months. logged $915 million inlast year. that was growth of 55% year-over-year. that could also be a promising ipo when it makes its debut. if we were look at some other stocks that made their debut in the past few years, groupon, for example, maybe not so promising when you look at groupon. it has gone down 70% since it made its debut in december 2011. a handful of other internet stocks have done quite well, amazon, ebay.
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back to you guys. >> thank you, sandra. ashley: ashley: turning now to commodities, metals losing their luster a little as gold, silver and copper all tumbled despite an upbeat jobs report. fox business contributor phil flynn from price futures group in the pits of the cme, where else. phil, gold on track to snap two straight sessions of gains. >> it is. and that part of the section is good news. it is going down because we got a strong jobs report. but if you look at the other side of the world, you look at copper it is about bad news, depending how you view the chinese default over the weekend a big concern. copper is hitting a seven-month loy. it is absolutely getting crushed after the chinese allowed that solar company to default over the weekend. that is raising a lot of concerns about contagion in the market for copper and that demand. ashley: but on the other side you have better than expected jobs number and that's helping crude prices to move higher. >> it is helping crude oil.
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in fact, crude oil right now is up $1.14, partly on improved demand expectations and concerns about the ukraine. the possibility if russia doesn't get paid they will cut off gas supplies over the weekend. that is putting the risk premium into play. another big story around the reason we're probably not up a lot more on that story, rig counts in the united states today hit the highest level in the modern history. baker hughes has been keeping track of oil rigs since 1987. they went up again today to hit the highest level. what does that mean? we're producing a lot more oil than we have before. another sign we're on our way to energy independence. ashley: it is a great feeling too. phil flynn, thanks so much as always. >> thank you. cheryl: so the man outed by "newsweek" as being the creator of bitcoin is claiming he had nothing to do with it. after being identified as being the founder of the currency,
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dorian nakamoto found his home inundated by members of the media. he led them on a bizarre car chase. first a sushi restaurant and then local bureau. in two hour exclusive interview he denies involvement with creating bitcoin and claims he hadn't heard of the digital currency until contacted by the "newsweek" reporter. "newsweek" is standing by the story. ashley: sushi, wonder if he paid with bitcoin for the meal? tough on amazon. the cofounder of tufts and needle. he is with us next. cheryl: and barbie, she is 55, still alive. ashley: looking good. cheryl: but some think it is time for a realistic makeover. the new girl in town hoping to give mattel a run for its money. we'll introduce you coming up.
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♪ jowoods' first day of work. and his new boss told him two ings -- cook what you love, and save your money. joe doesn't know it yet, t he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game om the great northwest. he'll stt investing early, he'll find some good people to help guide him, and he'll set money aside from his first day of work to his last, ich isn't rocket science. it's just common sense. from td ameritrade. it's just common sense. ♪ see what's new at projectluna.com 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:
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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. 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 >> i'm jo ling kent with your fox business brief. ford is shifting some truck production from mexico to ohio, investing $170 million in the cleveland area facility which currently makes the e-series van. the ford will retool the plant to build new 650 and 750 trucks early next year.
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the u.s. trade deficit widened. commerce department reported that gap between imports and exports increased to $39.1 billion. that is up .3 of a percent from december. imports in oil and goods offset increase in exports. visa and mastercard off forming a group to improve security. they will include banks, credit unions and retailers. they will focus on adoption of chip technology already used in europe and asia. that is the latest from the fox business network, giving you the power to prosper.
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both in positive territory for the year. in fact the s&p hitting a new intraday high today and then you can see as far as the day's action on s&p 500 we're at 1873. we shall see. this could be if we move that from red to green we would actually have a new record close for the s&p 500. 51st for the last year and third this week. let's head to the floor of the new york stock exchange. nicole petallides is standing by and you're watching foot locker. >> that's right. foot locker moving to record all-time highs today. they came out with numbers in the latest quarter. they saw same-store sales rise over 5%. they have done well with real estate. closing more stores than they opened. remodeling stores, relocating stores. the ceo left jcpenney a few years ago. probably happen happy he did. jcpenney is not doing so well but doing better lately. echos sentiment going forward they can continue this trend. i noticed nike is the number one
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performer in the dow jones industrials there and a lot of folks are saying same-store sales are great for foot locker that is probably good news for nike too. they have a lot moved dells and pack them in there at foot locker. back to you. cheryl: thank you, nicole. ashley: my next guest took a big risk when he left the tech startup to start his own mattress business. it turned into a dream story. after less than two years in business, tuft and needle is the highest rated mattress sold on amazon. joining me. cofounder, john thomas marino. this is a great story, john, and thanks so much for joining us. i guess the first question is how the heck do you go from a tech startup, which obviously is very california into mattresses? how did that happen? >> well, that's a good question. to be perfectly honest it was a personal experience of mine at the time. i was, my cofounder and i were previous startup, i was a
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newlywed and had just bought my first mattress and the shopping experience was similar to, what you would expect if you were to go to a car dealership or something like that. ashley: yeah. >> i ended up buying a mattress for $3,000 and it just didn't meet my expectations. so this story sort of seeded the idea he and i sort of ran with, maybe we can solve some of these pain points when we started company. in doing research and whatwould really take to manufacture a mattress like that, we have found that it would only cost a few hundred dollars to make this is when our jaws dropped and we realized there is really big opportunity here to make a really great product, really great mattress and just be fair. ashley: so how did you do that? you didn't know anything about mattresses. you obviously know whether you like them or not. you don't know about the actual manufacturing. so what did you do there. >> yeah, that's another good
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question. this is one of our big trials we had because we haven't had previous experience making a physical product, especially something like a mattress. and the mattress industry is really, how can i say this, very closed-door. it is like a black box. very secretive. so essentially what we did was, we picked up our phones, closed our computers down, because a lot of these suppliers don't have websites and started making our phone calls and pitching ourselves. we ended up driving to them and pitched them on our vision to get them into to participate take a risk on a company with no volume and names they never heard of. ashley: it is impressive, john thomas, you started with $6,000 to get this thing off the ground. you generate ad million dollars in sales last year. you're already up to half a million this year in just january and february. what is so great about this
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mattress? >> well, i mean, it's, it's a great product. we have iterated on the product itself based on customer feedback. what we first started with is very different than we have now. in the beginning we were changing the mattress weekly and then monthly. our product has been tweaked and honed in on what we see our customers have been asking for. and at the same time, i think that our values are really resonating with our customers and that is, transparency and honesty and that, you know, our pricing speaks to those values but really is more than that. ashley: and you have just gone from a five inch mattress to the 10-inch, is that right? >> yeah, that's right. that mattress, the 10, as we're calling it, we released yesterday. it seems to be very popular. we've broken all of our past records. really is the product that our
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customers have been wanting all along, which is more traditional. >> thicker mattress. ashley: well, congratulations to you. you were brave enough to get into and paid off remarkably. we wish you continued success. john thomas marino. thank you so much for joining us. >> thank you. ashley: you see? cheryl: from you never know category. ashley: yes, exactly. mattress king. all right, sky-high airline ticket prices, sorry to bring you back to the ground with that, are taxes to blame for them? a proposed bill would let you know where your money is really going. cheryl: a big acquisition means two of the biggest west coast grocery stores are about to join forces. 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.
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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. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we will up it yet again.
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cheryl: time for your west coast minute. two big west coast grocery stores are about to become one, safeway and albertsons. shares of safeway trading in the red with cerberus bought them for $9 billion t will merge the nation's second largest grocer with the nation's fifth largest. don't whip out paper or plastic yet, kroger is reportedly considering making its own offer for safeway. los angeles lakers making history. not the kind they wanted. it what would be the worst lost in franchise history, the lakers were beat by the other l.a. team, the clippers, 142-94. it was largest clippers win in history. to add insult a clippers fan wearing his jersey sat in hardcore laker fan jack nicholson's court seat. ashley: horrible. don't get me started. a new bill out of washington could mean more transparency for
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where you're dollars go buying the airline ticket. rich edson live at reagan national airport with the details. rich? >> this would change the prices you see shopping for air a line ticket. the way this works, say shopping a for a ticket to tampa from washington national airport, you would see a price $520 that includes the base fare of $464 and $56 in taxes and fees. what this bill would do would allow the airline to put 464-dollars price more prominently. the department of transportation in its regulation it supports what it is doing right now with the regulation, putting entire taxes and fees in one number. this is quote. consumers consist 10ly confirmed advertising of prices below the total cost of travel causes confusion. d.o.t.'s full fare advertising rule requires airlines to sate the entire price to be paid by a consumer but the carrier remains free to describe charges
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included within the single total price such as government taxes and terrier fees, surcharges for fuel. whether this will pass to allow airlines just to put the fare price on when they are selling airline tickets doesn't seem all that likely t could pass congress but the president would have to sign the bill. that would be the president signing a bill to overturn a regulation his administration put forward. seems unlikely but anyway working through congress. back to you. ashley: rich, thank you very much. cheryl: washington. bar by, she is american as apple pie -- barbie, let's be honest, it doesn't look like she has eaten a piece lately. ashley: no, it doesn't. we introduce you to a new girl on the block who has let's say more realistic shape. ♪
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>> this is interesting. barbie, girls love barbies. after ran girl between three an 10 has eight barbies. what is wrong with barbie? >> you know, i don't want to be an anti-barbie. i just want to create an alternative. so a lot of people are saying, you know this is going to kill barbie, but i want to make an option for something else. cheryl: you've got the protoe type. 3-d image. you are funded but so are you going to start production on lamily? will this be new anti-barbie coming to toy stores? >> estimated shipping date is in november
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this is one. most popular dolls in american history. what is wrong with fantasy looking like barbie, evenmost of us, in fact none of us could? >> there is nothing wrong with fantasy but, when there are studies which suggest that barbie can lead to eating disorders and other things, you know, even if there's a chance of that happening, a small chance, then there, i think should be at least an alternative. so you know, i see girls playing with lammily and barbie at same time. i'm not trying to be anti-barbie but making an option. >> as somebody female that had barbies when she was little and speaking to girls across this country, cabbage patch dollars,
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barbie, american girls dolls, we love our dolls. we know we're not a doll. a woman in los angeles trying to be barbie through plastic surgery. people can be whacked out but most american girls have good heads on their shoulders. >> yeah, that's true. i'm not saying that they don't but again when there, when studies suggest that current fashion dolls on the market can lead to eating disorders, then, you know, there should be an option for that. and, you know, that is just what i think. cheryl: what is the ultimate goal here? again, this is a billion dollar business, barbie and there's a reason for that but what is the ultimate goal for you here? >> well the ultimate goal is to create a doll which, which promotes realistic beauty standards and that simply hasn't existed. you can't get it on the market now. and that's what i'm trying to do
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with lammily. even though i'm a guy, i know what it feels like to at times be inadequate in some respects. so you know, i know what it feels like and, you -- cheryl: i think i lot of him. my -- lost him. my question, why didn't he work on ken? ashley: lammily and kennily. try following that. melissa francis is here. melissa: i'm not going 100 one miles what went on there. we're moving on. head-to-head clash over the state of the economy as the jobless rate kicks back up. corporate espionage, a bigger concern than ever as overseas competitors get ahold of our homegrown secrets lik
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