Skip to main content

tv   MONEY With Melissa Francis  FOX Business  March 7, 2014 2:00pm-3:01pm EST

2:00 pm
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 like oreos.
2:01 pm
even when they say it's not it is always about money. melissa: today's jobs report beating expectations by adding 175,000 people to the payrolls in february. but is this actually good news? here to throw down a debate is university of maryland economist peter morici. and mark tepper, of strategic wealth partners. [whistle blows] that is our cue to begin. yes, i like it. what did you think of this report. >> it was a few thousand more than we thought but half of what we need to get unemployment down to say 6% without having a adult participation rate lower than snake belly's. melissa: mark, what do you think? >> it was a pretty good number. by no means it's a home run. you look at circumstances. we're experiencing the coldest winter over 30 years. melissa: you can't blame the weather, come on.
2:02 pm
>> where is president obama. >> look at u 6 number. it has gone from 14.9 to 12.6. melissa: that is good. 20 million people who can not find enough work to pay their bills, so discouraged looking for work they have given up within the past year. are you pointing at u-6 good number. >> i think it is pretty good. we're making progress from 14.9 to 12.6 year-over-year. that is amount of people unemployed and under employed. we're making progress. we do need to see faster economic growth in order for us to add more jobs but given the circumstances, inventory pull forward and also cold winter, i think that is pretty good. melissa: peter, let him have it. >> one out of six men between the ages of 25 to 56, don't have a job, don't have a job, with very little prospect for having it that historically is such a shift from with what we had during the clinton years. let's not compare him to mr. reagan. that is almost outright abusive.
2:03 pm
compare to clinton years when the administration pleased in the private sector understood the necessity of nuturing private sector jobs we had very different outcome. how often on talk shows come out of jobs, first thing out of the progressive mouth, what about government jobs. private sector jobs pay for government jobs. we're not creating enough of them. in this century we have created less than 35,000 jobs. melissa: whistle is coming soon. get back in there. >> yeah. so i mean, obviously the economy has to grow faster for us to start adding 200, 250,000 jobs a month. melissa: right. >> and we do think the economy is going to accelerate this year. this has been a very slow growth economy since we emerged from the financial crisis. but we are going to experience what we believe to be less fiscal drag this year. and, we also believe that a lot of cash that is sitting on corporate balance sheets is going to finally be employed because really the capital stock of the united states is aging and we need to replace that old technology. melissa: okay. peter last word, real quick.
2:04 pm
>> well, in this century we've grown less than 2% a year. growth accelerating briefly to 3% is hardly anything to brag about. the whistle blows] melissa: thank you very much, guys. good throwdown. creating a media frenzy as well as match of bizarre mysteries. 64-year-old california resident, dorian nakamoto outed by "newsweek" as godfather of the cryptocurrency. he emphatically denied the report. take a listen. >> i have nothing to do with bitcoin. nothing to do with developing. i was just an engineer doing something else. melissa: what. it's a mystery. paul vina, of "the wall street journal" joins us with the latest. there is a new wrinkle to this every second. he is denying it. "newsweek" unmasked him. celebrating. no it is not me. what do you think? >> i think, i have to tell you
2:05 pm
up front the "newsweek" reporter, i worked with her in the '90s, at "dow jones newswires." i know her. good reporter. very smart. spent a lot of time researching this. melissa: so you believe it or you don't? >> i don't know. i mean i don't know. dorian nakamoto. i don't know what leah did. i don't know, if -- melissa: you think a guy in southern california living in his mother's basement who loves trains or whatever, how they described him. >> this is the thing about the report. it is not an outlandish report. the problem is, it is second quarter stags. they don't have anything definitely tying dorian to -- melissa: you look at neighborhood. he doesn't look like a guy with $400 million. i guess they're saying he doesn't have access to the money. that is another wrinkle. >> the thing about nakamoto, yes he mined first blocks of bit sown coin. yes 8 yes he is sitting on it
2:06 pm
the real nakamoto whether dorian or not. as soon as he spent the money, he would have been outed. he is sitting on a large stash of bitcoin. he can't spend it or else give himself up. that is why he hasn't spent the money. melissa: he could spend a little bit of it. >> you would think he have to figure out a way to do without people seeing. >> if he invented currency you think he could figure out a way to cash out. >> bottom line, this could be dorian nakamoto. he says there is isn't. melissa: how embarrassing for "newsweek"? we're both reporters. if it is not this guy how embarrassing? >> it is very embarrassing. it is very embarrassing. what they will have to do now, they will have to go back and they're standing behind the story. which is fine. what they should do. melissa: they could be absolutely right. he could be totally denying it, yes. >> if he is him and doesn't want to be found, why would he now say, yeah you got me, it is me.
2:07 pm
seems kind of natural he would deny it. what they will have to do is go back and redouble their efforts. melissa: we have to go. paul, thanks so much. >> all right. >> love it. coming up spies are among us. corporate espionage is on the climb. billions of dollars on the line. you won't believe the food items they are targeting. i will give you a hint. part of your oreo. watch your head. a federal judge throwing out a ban on drones could change the way pretty much we do everything. more "money" coming up. latte or au lait?
2:08 pm
sunny or bubbly? cozy or cool? "meow" or "woof"? wheels or wheeeels? everything exactly the way you want it ...until boom, it's bedtime. your mattress isn't bliss: it's a battleground of thwarted desire. enter the all-new sleep number classic series. designed to let couples sleep together in individualized comfort. starting at just $699.99 for a queen mattress. he's the softy: his sleep number setting is 35.
2:09 pm
you're the rock: your setting is 60. that works. he's the night owl. his side's up while you're in dreamland. you're the early bird. up and at 'em. no problem, because you're in it together... keeping the love alive. and by the way - snoring? sleep number's even got an adjustment for that. crazy? only if sleeping peacefully with your soulmate is crazy. find your sleep number setting only at one of our 425 stores nationwide. you can afford a sleep number bed, you can't afford another mediocre night's sleep. know better sleep with sleep number.
2:10 pm
melissa: treasury yields are rallying today as the jobs report comes out better than expected. let's head over to andrew keane of the cme with more on that. the yield at its highest level since january, huh? >> yeah and i think it could really spike a lot higher. if we look at the jobs numbers today, i thought it was pretty strong jobs number. i think we'll start tapering even more than we tapered in the past. if we start tapering more you could see a spike in bond. if we get over the 3% level, that is psyche of level we need to get through, we could spike up to 3.5, very quickly.
2:11 pm
making case for bearish stock market. if we spike above 3%, you will see a shift out of equities into bond. melissa: you're right. that three%, that is really magic level. how much resistance do you think there is? >> i think there's a lot. if it goes through it with heavy volume it will spike immediately. i think we get massive selloff in the market. the stock market never goes up forever. we shaken off fears in oil prices. we shaken off fears from europe, ukraine and from china. i think this is the thing that could spook the market, reality check, five to 7% selloff. i'm not sitting here saying the market will sell off. i keep eye on couple things every day, the vix an 10-year is another one. if we see a spike above three we could sell off hard. melissa: we have to run, andrew. appreciate it. >> thank you. melissa: high-stakes world of economic espionage now where china's practice of stealing u.s. secrets costs the economy billions of dollars each year. no product is safe. car prototypes, designer seeds,
2:12 pm
even filling to my beloved oreos, i can't believe it, they're all victims of corporate theft is china really the world's worst offender? our expert panel is ready to way in. ann lee, adjunct professor at nyu, author of what the u.s. can learn from china. gordon chang is author of, the coming collapse of china. our own jo ling kent spent years in china as journalist covering economic trends. thanks for joining us. gordon, let me start with you, california businessmen, two were convicted of selling dupont trade secrets to chinese state owned company what makes filling in oreos really white. first of all i'm scared there is secret because it makes it sound toxic. china is stealing this among other things? are you surpriseed? >> no, i'm not surprised. commission on theft of american intellectual property said it is being directed by the chinese government. melissa: directed by the government. >> one of those guys met with
2:13 pm
senior party official which told them to take the titanium dioxide which goes into oreos. melissa: that doesn't sound good. may not eat those tonight. >> 50 to 80% of theft of u.s. intellectual is attributable to china. that $107 trillion a year. 2.1 million american jobs. melissa: do you believe it is directed by bought? >> the government would never agree to that allegation that just made. so i think -- melissa: that is separate question. do you think they're behind it. >> and it would be very difficult to pinpoint it. possibly but that is not unusual given that snowden had revelation that is the nsa -- melissa: do you think other governments are behind similar things. >> most governments do this. there have been other espionage case, whether against the germans or against the koreans. we've had a whole long list of them. so this is not unusual. melissa: jo, dupont was another target, another time. seed technology company, came
2:14 pm
over around actually went into the fields of dupont and stealing seeds out of the ground that had been engineered. it can take $30 million and five to 10 years to develop these supersedes that do things that make watermelons without seed in them. does that surprise you? >> having covered china as journalist on the ground, through all the different provinces it is not really surprising. it is interesting to look at shift where it is going. used to be electronics, a lot of intellectual property which is still obviously happening, right? you see the shift to agribusiness and looking at major scientific discoveries. there is couple receipts why i think i see this motivating. obviously is pushing forward to create more supply. if your corn crop yields more corn, obviously price of food goes down. growing middle class and consumption that is growing. they're trying tokes port more products as well. chinese government, whatever their role is they are accepting these products and certainly -- melissa: gordon, do you buy
2:15 pm
argument a lot of countries do same thing and we just focus on china? >> sure there are a lot of other countries but the question of scale. you look the numbers, you dwarf countries in second place. it may be france. france has somewhat of an industrial base but not nearly as big as china's which is the world's biggest manufacturers. melissa: you say they're thieves? >> they're thieves and directed from government and it is very clear. >> the french are sending people over to dupont's fields to steal seeds and oreo cookies? what are the french stealing from us? cheese? >> defense technology. melissa: defense technology. okay. this is a big deal to companies. sigher espionage, for example, cost companies about $338 billion a year. the reason why we're focusing on this is the money behind it. it is costly. >> i don't disagree that this is a bad thing and certainly i don't want american companies to lose profits but i want to put this in perspective because if we're talking about
2:16 pm
statistically how often this is happening, right? you have china with over a billion people, with hundreds of millions of companies over there and we can only basically find a few cases to talk about. i would say that statistically speaking this is almost zero basically. melissa: i think that is not accurate. i think what we're talking about, we picked out ones visual and interesting. seeds and oreos. the thing a lot more common is intellectual property stolen from cute computer, software, designs right, jo? >> nasa said a few years ago some of their intelligence was taken by the chinese from the jet propulsion lab. obviously this is really widespread issue of the. melissa: we have to go. thanks to all of you appreciate it. business execs rushing into emergency meetings right this minute after a game changer in the drone space. commercial ban on umanned devices has been lifted, much to the delight of plenty of companies. plus, cover your eyes. is a car so ugly the experts
2:17 pm
labeled it most hideous vehicle ever to grace the planet. i don't think it is that bad. what do you think? i love it. don't miss today's "spare change." do you ever have too much money?
2:18 pm
2:19 pm
2:20 pm
melissa: take a look at skullcandy. just popping there, look at that! i would love to be investor there, up 28%. they reported results after the market closed on thursday. 13 cents a share, versus nine that was expected. head phone-maker, better than expected fourth quarter results. they also raised expectations. they have accelerating new product introductions and new distribution opportunities of the analysts are loving this. the stock is doing really well. look at that spike. good for them. on to the next chapter in the game of drones. a federal judge slapping the
2:21 pm
commercial drone ban right out of the sky. they are once again free to fly. is future with drones swarming the skies inevitable or will the be back. tech buffalo todd hazelton joins me on this. what do you think about this? temporary? >> i don't think it is temporary. we'll see first stages of companies going out there to say, what can we do. it is definitely a future that will happen. we'll see big companies emerge and some existing ones will do really well. agriculture, places like that first. yam ma ha is one manufacturer working with fda to get theirs approved. helicopter sits yay high. melissa: a lot of folks think this is temporary window and opportunity but then at the same time, drones are inevitably sort of here one way or another. what do you think the ultimate rules looks like and who benefits. >> i think, okay, there is a lot of companies can benefit for it.
2:22 pm
yamaha will benefit. google. melissa: they do everything else. robotics. >> robotics department. i wouldn't be surprised to see them. even smaller companies like go pro. they ever attached to these things. you're looking ipo there. that could do really well. all of sudden fedex, if they want to enter business and allison for deliveries. melissa: do you think idea for drones for surveillance make a lot of sense. >> let's hope not surveillance. melissa: drones with cameras going over head to do this, that other thing. transmitting signals of some type. >> right. >> facebook flying solar drones to provide internet coverage in other countries. >> right. melissa: do you think they actually come an deliver? there is inherent danger to that. don't want pizzas flying at me. >> distinction between a quad copper which amazon versus a drone facebook has. size of an airplane up in the atmosphere. yes, there is potential for retail deliveries, mail, there is small company here
2:23 pm
researching today, called matter net. wants to deliver mail. there is another company -- melissa: do you think that really happens? there seems like there is lot of problems that are difficult to solve. running into people. running into danger. like weather? >> we're talking amazon, looking many years out for faa to get these rules down to make sure people know what they're doing when flying. that the systems are safe. we see companies trying this already. there was one in up, i don't know, north flying, ice fisherman. melissa: right. sound like canada or alaska. >> as long as below 400 feet or not running into buildings and near airports and stuff like that you're safe. melissa: that is tough. not near buildings. not near airports. not hurting anyone. >> there goes amazon's business model. melissa: yeah. do you think amazon, there was lot of talk at time when amazon did interview on "60 minutes," said this was coming, bruce terkel. >> i was here with him. melissa: it is pr stunt. he didn't believe that was real. >> i think now you start to see
2:24 pm
maybe that was a pr stunt but it is possible. that people will go into research doing. say you want a company to start up, we'll help you make sure crops are doing well. there is, lot cheaper options. melissa: todd, thank you so much. good stuff. coming up, just thank the polar vortex. power prices hitting multiyear highs. of course all because of big, bad, mother nature. stick around to hear how bad or how good this could get for some folks trading the weather. plus ups is falling in love with propane. a thousand propane fueled trucks joining the fleet. it is raises some eyebrows. more morn any coming right up. for over a decade
2:25 pm
millions have raised their hand for the proven relief of 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,
2:26 pm
contact your doctor right away. other serious stomach conditions may exi. avoid if you te clopidogrel. for many, relief is at hand. ask your doctor abouxium.
2:27 pm
♪ >> it is cold outside. frigid temperatures could freeze of your wallet. we have fox news contributor,
2:28 pm
phil flynn. wholesale power prices up 26% versus this time last year. that is a big job. >> a big job. when it comes to your heating bill, you will be paying for this winter probably well into next summer. you are only paying for part of what you went through. later in the year, the prices will continue to stay high. this is the time that prices usually come down. do not look at that to happen this year. >> that is terrible. >> i am a terrible person. >> no. >> i think that is a big story. melissa, people in the industry are in a sense of denial with
2:29 pm
this market. if you would have asked a lot of the experts whether we could and a season storage below, they would say it would never happen. it i to happen and it is going to happen this year. i am amazed that corporations across america are not locking in these prices. >> it is true. we are going to go on and tackle that. trucking along. ups adding 1000 propane trucks. we have tom close up on the phone now. why are they going for propane? >> to diversify their fleet. it actually makes sense to go with propane and not part of the country. we are producing 50% more protein and other catholic goods we were in say 2008.
2:30 pm
>> we were just talking about natural gas. >> ups already has a bit thousand vehicles on the road including natural gas. >> i think that propane takes sense in some areas. in louisiana and maybe georgia. you are close to the source for it. i think a company like ups can sort of scramble and experiment with a lot of different fuels. propane will not get a lot of traction in the u.s. as a fuel. it will still be using it to grill and exporting a lot of propane. >> you are such a smart guy. we always appreciate your
2:31 pm
insight. thank you. i was trying to make you feel knowledgeable. forget prop. this kid is already getting ground as the kid of wall street. he is only 16 years old. here to help you make money is max leben. you have your own business. you are only 16 years old. you teach people about picking stocks. in order to do that, you have to have a decent track record. >> the article that basically, i wanted to diversify the young investor, the new investors portfolio and it is a great stock. right now they are diversifying.
2:32 pm
they still have another 49 years to go. >> you really think that they will dominate for that long? fifty years from now, we could be an oil are tentative. >> yes. they are starting to move into the, you know, wind energy and cornethanol. they are doing exceptionally well. over the years, they will just produce more and more. >> you also picked walt disney. hitting an all-time high yesterday. why do you like this one now and forever? >> disney is a household name. they just had a movie come out a couple months ago. "frozen." >> did you see "frozen" call by the way? >> no, i did not.
2:33 pm
>> you picked at&t. >> i still like at&t a lot. we are not asking the young investor to look at the market everyday and they trade geared a yield, a dividend of that percentage is perfect. >> you are taking the sat tomorrow. your mom is here. i guess you should be at home studying for the sat. you are still going to college even though you are making money in stocks? >> yes. >> what are you going to study? what are you going to do with the rest of your life? >> i will probably end up in hedge funds. >> good luck with the sat tomorrow. >> thank you. >> thank you. peers fight to stay relevant.
2:34 pm
since when is pvr a billion-dollar beer? let's get to the bottom of this. i am going to drink on the air. no i'm not. i would be in trouble for that. ♪ w for my men ♪ beer for my horses both go. ♪ if you wear a denture, touch it with your tongue.
2:35 pm
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.
2:36 pm
♪ >> i am cheryl casone with your fox business brief. brookshire hathaway has reached another milestone. $300 billion in market cap. a shared trade around $183,000. visa and mastercard forming a new group to improve payment systems. the group will include banks, credit unions and retailers. florida shipping truck production from mexico to ohio. it currently makes -- it will retool the plan to build the new trucks early next year. that is the latest from the fox business network. giving you the power to prosper. after a quick commercial, "money" will be right back.
2:37 pm
2:38 pm
up. 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. >> turning to the underworld now. the counterfeit market is flooded with everything from electronics to chanel bags. how can they be sure they are buying the real deal? let's go to adam housley live in california. >> i have a warehouse that is
2:39 pm
massive. as they get one container into this, about every six seconds. >> they appear to be the real thing. they are knockoffs as well. >> these items table car -- these items may look harmless, but -- >> this was brought here because it was flagged for some reason. >> so much call this the crime of the century. >> you can buy anything that appears to be legitimate. you think you are getting the real product at a discounted price only to find out it is counterfeit. >> nobody knows fakes like greg crosby. >> they are counterfeit. >> can you spot the legit product? the real on the left, the fake on the right. >> telling the difference
2:40 pm
between the real and authentic item. the best way to avoid counterfeits may be to follow an old piece of device. >> if the price is too good to be true, you are probably buying a fake. >> people are not looking to buy fake ones. take a look closer. look at this duracell. look at the duracell bunny. there is no duracell bunny. it is an energizer bunny. [laughter] >> they skipped over this junkie label. the idea was, when it got to the consumer, they would appeal this off and have fake religions to sell. >> thank you for coming on, adam. it is 5:00 o'clock somewhere. we are highlighting the biggest stories of the week.
2:41 pm
beer aficionado. all right. let's dig right in. let's tip hourglasses right away. bud lite, yup, great. they have the new margaritas. to me, this sounds disgusting. as a beer person, are you loving this? >> you are not going to make -- >> ad may go to it? >> they want more flavor and excitement. >> is it a winner? do you think other companies will do it as well? >> these ranks pack a punch. they are a present. you put it in a blunder on a nice warm day. >> you put it in a blunder?
2:42 pm
clearly, i do not have enough experience with this. there is an app for that. you may be drinking a craft beer and it is not really a craft beer. >> exactly. buying up smaller breweries in order to keep their market share. they may not understand that. >> josh, does it warrant an app? is it such a concern? >> i do not take so. 7% of america. such a small amount. i think what ends up happening is it helps you decide -- >> show me some of the ground beers. it seems like this is the niche. this is what people are talking about. joe's mamas milk. it does not even sound like we're. >> the great thing about crapped beer is the cool flavor.
2:43 pm
it can be better, it can be sweet, it can be sour. you do not go to dinner and then i will have the same thing every night. you can tailor it to your taste buds. there are so many players. you know this is better. you know this is chocolate. >> it is amazing to me as all of this becomes more specialized. everybody wants something special. at the same time, good old pbr is making such a good comeback. 350 million liters of pbr was sold in 2012. this has been around for a long time. why is it making a comeback in a market that is trying to make
2:44 pm
itself fancy? >> pbr made their comeback going for the retro feel. the addressing thing is there was no marketing when it came out. it was the anti-marketing marketing angle. >> do you like pbr? >> i think that it has its commonplace. >> gentlemen, thank you so much. drink up. "countdown to the closing bell" is coming shortly. liz claman has a little preview for us. what would you like us to say for you? liz: i love wine coolers. >> you are calling my language. liz: and mike's hard lemonade. pomegranate. >> we are on the same level. what is coming up on your show? liz: cannot blame the jobs number for the read we are seeing on the screen.
2:45 pm
when those numbers came out, the markets were moving higher. is it ukraine? what is it? we have breaking news. consumer credit numbers. one of the smartest -- >> she is fantastic. >> she will be joining us to analyze those numbers as they break up the top of the hour. the market proceeds people are taking slightly more risk and that on their credit cards. that may be a sign of confidence that they can take it back. >> i will get a hard cider and save one for you. thank you so much. i look forward to your show. this card takes the cake. the newest model. it is very polarizing. i have to admit, i think it is cute. a lot of people hated. you can never have too much money.
2:46 pm
♪ ♪ [ cows mo] [ sizzling ] more rain... [ thund rumbles ] ♪ [ male announcer ] when the rld moves... futures move first. learfutures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ on thinkorsw from td ameritrade.
2:47 pm
2:48 pm
[ chainsaw whirring ] humans -- sometimes life trips us up. sometimes we trip ourselves up. and although the mistakes may seem to just keep coming at you, so do the solutions. like multi-policy discounts from liberty mutual insurance. save up to 10% just for combining your auto and home insurance. call liberty mutual insurance at... [ thump ] to speak with an insurance expert and ask about all the personalized savings available for when you get married, move into a new house, or add a car to your policy. personalized coverage and savings.
2:49 pm
all the things humans need to make our world a little less imperfect. call... and ask about all the ways you could save. liberty mutual insurance. responsibility. what's your policy? ♪ peanut i want to pull your attention to the markets right now. the dow jones industrials just turned positive. you may think it is a little bit of profit taking because we had a big run-up. the essen delta and the nasdaq are still lower.
2:50 pm
we are joined by brian. >> the one thing that definitely surprised me is sales were positive. most retailers could not even dream of that. they bought the speakers anyway. >> they continue to raise prices. that is what i thought was really impressive. >> that is right, melissa. >> thank you so much. it is time for a little fun with sarah change.
2:51 pm
the car that is being called the ugliest car in the world. my next guest agrees, but he says it will sell. let's show a picture of it. what do you think? >> i do think that it is ugly. >> what is ugly about it? it looks like a mini cooper. >> that is not far off. a combination of rally car and suv. it is sort of a polarizing design. nissan is doing a lot for polarizing design. it is really a fun car to drive. when you have it for a little while, it is kind of like spending all that night in the bar, the longer you drink, the more that ugly person is starting to look better. >> they are calling it the juke.
2:52 pm
it makes it sound like junk. >> i thought it was one letter away from puke. >> there are a lot of problems with it. this is what we wanted. everyone is talking about it. it is getting a lot of buzz. is that what they are trying to do? >> absolutely. it is working. a segment of the market that is growing. with so many different vehicles and so much variety, you don't need your vehicle to look like everyone else's. certainly, that is not the case here. overall, the sales were up 10%. in 2013. as a result, ugly selves. >> not the first time that they have done this.
2:53 pm
the murano cross got a lot of the same press. it seems like this is the same strategy. >> it absolutely is their strategy. what is interesting is it is being whispered as the next nissan maxima. you know, and some photos, it looks okay. in person, it is a challenge. you cannot drink that. >> thank you so much. appreciate you coming on. more companies are riding the ipo with who will come out on top? who is thinking right to the bottom. two pros are coming up next. you can never have too much "money." ♪
2:54 pm
2:55 pm
2:56 pm
2:57 pm
>> ideas as more companies go public as they pop off on the market faster than ever. how do you know when to buy in and steer clear of some of these names? scott martin and jerry levy joins me now. scott, you are watching that one? >> i like it a lot. even though most of them are users, most of the users are women i check out interests and i like it. there's a whole social media craze going done. it is if the for data. what i mean is king tryst is collecting data. getting through their users what they like, what they'd been, what other people are communicating about. that is really valuable to me so zynga is hitting records with regard to unique visitors,
2:58 pm
evaluation of the company going up, day after day. when they ideally is capitalization on their business and the states of social mania and data gathering. melissa: seems like a total time sink to me. you like groupon.com? >> i like coupons.com, whatever people say. coupons.com is interesting, a play on social media. first of all, 17 million unique monthly visitors to me, people going into their site, going back out, a lot of connections through social media and individual users. not a lot of talk about the company and a lot of room to grow. a quick bonus for the viewers, this company likes drop box, provides cloud story solutions. and the software solution, we are doing a lot of work all over the world.
2:59 pm
melissa: doesn't work for me. i tried to use it in a couple locations and is terrible. does it work better than drop box? >> you might want to switch. 200,000 company using botch. melissa: scott, you don't like jay crew. like every day. >> you are -- highlight drop box and it does work. i do have something, j. crew today, i am not going to reveal it but -- may be. here is the funny thing. very uncomfortable. retailers, retail itself is an uncomfortable space for me to be investing in because there's no brand loyalty left. a lot of pressure. michele bought a and everybody else. here is the thing. j. crew has the problem of retail. distort to get rid of ended is all on line. melissa: we got to go because it
3:00 pm
is liz's stand. be careful spotify. thank you so much. that is all we have, hope you made money today. we will see you on monday. have a fantastic weekend. "countdown to the closing bell" starts now. ♪ cheryl: as the economy finally gone from its own polar for tax? more americans than expected got jobs last month but the unemployment rate picks up slightly, chief economist and all-around superstar diane slump on what the jobs report means for the fed and your money. ready to change course midstream? you still look for work but may be in a different field? we have some sites for you. the new dot.com that promises to transform your job searching experience with the help of videos and photos. a potential killer. we have an exclusive

144 Views

info Stream Only

Uploaded by TV Archive on