tv Markets Now FOX Business March 17, 2014 1:00pm-2:01pm EDT
1:00 pm
on first-quarter results. adam: turning up the pressure on russia. slapping sanctions on russian officials after priming of votes to break away. as they wait to see what vladimir putin will do next. cheryl: home not so sweet. after declines, still missing wall street estimates for the third month in a row. national association of home builders ceo on what is to blame. fox business exclusive interview. adam: apple iphone have only been out for about six months but already wall street is buzzing about what apple has up its sleeve next. could not one, but to go new iphones debut this summer? cheryl: the latest developments in the general motors ignition recall. announcing three separate recalls affecting thousands of cars including gmc acadia,
1:01 pm
chevrolet, cadillac, chevrolet express and gnc. these new warnings on top of the deadly faulty ignition switch recall that will be costing 300 million in the first quarter. i want to get your immediate reaction to what we are hearing, she just told employees moments ago they will add a second production line trying to speed up delivery of the parts in the recall. is this a good move for gm? >> thanks for having me and good afternoon. she is doing a great job seizing the day. a great opportunity to set the record straight on how she wants run the company going forward in these recalls are partial to that by extending it for a broader range of vehicles. other manufacturers are taking
1:02 pm
note and following suit, that is the risk. i look at the recall shares overdone. adam: gm shares have gone positive, but you bring up that word, sees. we will be better because of this tragic situation if we seize the opportunity. could gm create an opportunity for self and shareholders if the perception of problems with its vehicles get into the public mindset? >> i wish i could drive the market that quickly. thank you for noticing that. what we said last week quite frankly was the prolonged recall discussion is a concern. they don't handle it as quickly and swiftly, they haven't shown any evidence this will be misappropriated internally. if you go back, they were much more significant applications of the toyota prius vehicles
1:03 pm
currently in production at the time of the recall. the shares took a big hit and even then bounce back. gm could most definitely recover. cheryl: let's talk about the bigger issue for the company and the stock. perfect example, the family of two girls who died, they are now lawyering up. this'll be a wave of lawsuits. this seems to be the real problem for the company. >> gm has a target on their back like other peers if given their size and given the government-sponsored bailout. they come very quickly, they
1:04 pm
will handle them in the order in which they come through. pre-bankruptcy, prerecession. the ability to claim legal isolation from the matter, handling it in certain cases will do a good job protecting it ahead. cheryl: we thank you for being with us, we appreciate your time. adam: we want to go to the the new york stock exchange. nicole petallides. nicole: if you like a bull market moving to the upside, you're pretty happy today bouncing back from last week's losses. dow jones industrial up 180 points. at the highest point today we can't 205 points, so not too far off the highs of the day.
1:05 pm
up 1.1%. the s&p up 1%, and the nasdaq composite up 1.1%. i hear bagpipes on this st. patrick's day. also taking a look at major averages, the fear index to the downside right now, so you know there is not too much worries about that. maybe if you pan out you will be lucky enough to get a site of the bagpiper going by. that is the new york stock exchange. cheryl: turn out to the crisis in ukraine, president obama announced engines against several russian officials in response to a referendum held yesterday. joining the russian federation. u.s. and europe to clear in illegal saying it violates ukrainian and international law.
1:06 pm
the vote raising concerns russia can push further into ukraine. we have several angles covered for you. rich edson at the white house, former deputy advisor to president george w. bush, former deputy assistant national security advisor to dick cheney. you are live at the white house with the latest. go ahead. >> senior administration officials described this as an environment of coercion. something they say there are reports from russia pre-marked before the voting even took place. look at some of the sanctions united stateunited states is ple ukrainians. 11 russians and ukrainians in total right now. some folks described as cronies in the inner circle, freezing their assets. also targets those supporting the referendum. the u.s. will expand those
1:07 pm
sanctions to others if russia continues its push into ukraine and doesn't withdraw the soldiers. president obama again called on ukraine to withdraw. >> i believe they're still a path resolve the situation in ways that address interest of both russia and ukraine. that includes russia pulling his forces backed the bases. engaging in dialogue with the ukrainian government. >> they say the eu has announced sanctions on 21 russians and ukrainians. there is some overlap between the u.s. and eu sanctions, but the u.s. cannot detail where the options of overlap are. expected to address the dupont tomorrow, something a legislative body u.s. officials
1:08 pm
expect per reports coming out of russia the presiden president oa will announce tomorrow very likely in annexation of crimea in the coming days or weeks. cheryl: thank you very much. adam: for insight and analysis between the united states and russia, we want to bring you former white house advisors. ambassador, is a precedent handling this appropriately, or do we have to ramp up the rhetoric and may be open up exporting natural gas to europe as a way to offset russia's influence in the area? >> first of all, thank you for having me. this is the biggest crisis we are faced since the end of the cold war. the president has to be cautious. this is far more serious. the steps we have taken including the u.n. actions over the weekend are important steps, but we will have to do more if the russians don't back down. this is about the future of ukraine.
1:09 pm
again, we have to do military steps, long-term economic steps such as the gas deliveries to europe and reconsider what the whole relationship with russia is today. are they partner for the future or a potential opponent? cheryl: this question is to you, senior administration official says the u.s. was prepared to take further actions. i could be economic. in addition to the announcement you heard from the president this morning. how far do you think they will go to deal with russia who could have a lot of economic power in europe still. >> i think if you look at how this administration has handled crises in the past, we have five years look at, no reason to believe they intend to go much further than the diplomatic talk and the economic sanctions.
1:10 pm
they move in the right direction, i have doubts about whether it is too limited to change the calculus for putin. this is a fundamental decision point for how the united states plans to deal with russia. cheryl: doesn't the u.s. look weak? >> we look incredibly weak right now. number one, to international agreements have any meaning whatsoever? they gave up in terms of a promise for integrity. that has been violated. i rambl will watch with great it on that. china will watch with great interest in international community does nothing when a major military power floods with irregular forces and then can vote. this is a terrible, terrible territory for united states on national security.
1:11 pm
adam: let me pick up on what he has just said because investors seem to be shortsighted. we are watching the of oil and gold dropped today. a rally here in the united states, but this issue of other countries that might choose to be aggressive in their regions, isn't that the greater threat not only to the united states but throughout the world? >> it certainly is. this threat is a big enough one central europe because of the role of the ukraine and geographic location. this in and of itself is very serious. the russian market has improved a bit overnight but russia does look like it is going to enter into an economic crisis, that is what their own officials are saying. again we need to do more. cheryl: if you watch the russian market move as all of this was coming to fruition, the market traded higher.
1:12 pm
they seem to be completely ignoring these sanctions and many are saying this is the first step in russia taking over ukraine completely. ukraine has mobilized military reservist, but that military is known to be incredibly weak. >> you are right. it is down 30%, it picked up a little bit overnight, russia's proposals to improve the you can sign an awful lot like what the germans proposed in 1938 for the dismemberment of czechoslovakia. it is a kind of problem we face with now. don't think they will stop the pressure on a ukraine until we shall we are going to do more actions across the board military, energy, economic. adam: thank you for joining us.
1:13 pm
cheryl: the big news coming from other parts of the world. ending months of speculation about a public debut. what you need to know about what could easily be the ipo of the year. adam: what the twitter ceo first visit to china is really about, shares of a social giants struggled. down 6% in the past month. cheryl: and the hunt i the malaysia flight entering a daunting new phase. the very latest on the newest series and where the search stands now. "markets now" will be right back. it's a growing trend in business:
1:14 pm
do more with less with ss energy.hp is help. soon, the world's most intelligent servers, designed by hp, will give ups over twice the performance, using forty percent less energy. multiply that across over a thousand locations, and they'll provide the same benefit to the environment as over 60,000 trees. that's a trend we can all get behind.
1:15 pm
more than a new interior lighting system. ♪ it is more than a hot stone massage. and more than your favorite scent infused into the cabin. it is a completely new era of innovation. and the highest expression of mercedes-benz. introducing the 2014 s-class. the best or nothing. introducing the 2014 s-class. so our business can be on at&t's network for $175 a month? yup. all 5 of you for $175.
1:16 pm
our clients need a lot of attention. there's unlimited talk and text. we're working deals all day. you get 10 gigabytes of data to share. what about expansion potential? add a line, anytime, for $15 a month. low dues, great terms. let's close! new at&t mobile share value plans our best value plans ever for business. cheryl: we had a business alert for you. the mother lode of all apple upgrade cycles will happen this year. apple will unleash two new iphones. one with 4.7 inches screen, another with 5.5-inch screen. apple usually only does one iphone at a time. the stock over 18% over the last year. adam: one of the biggest players in chinese and sent industry
1:17 pm
going public in the united states. alibaba has chosen new york as the destination of the long-awaited ipo as one of the largest ipos in the u.s. >> and else there going public in new york instead of hong kong or m mainland. who will be the lucky host for the $16 billion? no word on when they will file but it month. take a look, six banks are in charge of underwriting. unlike facebook and twitter, alibaba is lik likely to get eql or presentation according to the journal. yahoo stock a nice bump on the news. up about 4%. yahoo owns 24% stake, second only to japan softbank.
1:18 pm
up about 4%. speaking of ipos, they have filed to go public in the u.s. and they plan to raise $500 million in that ballpark and we will have more than 129 million monthly active users. alibaba had 18% stake in that company and exercising the option to increase ownership to 30% according to a filing. the stock doing very nicely up almost 8% today. adam, back to you. adam: thank you. cheryl: across the pond, owner of jimmy choo labor talks and talks with ipo. it is estimated it could be valued at $1.7 billion, that is the midrange of the ipo pricing.
1:19 pm
using the proceeds for expansion in asia. adam: from london to asia. making his first trip to china. twitter has been blocked by sensors in china, the three-day personal visit to shanghai in quitting meetings with government officials including members of the free trade zone which test market areas. want to learn more about the chinese thriving sector. we are no plans to change anything about our services to enter that market. shares of twitter down 18% year over date. never easy. cheryl: higher interest rates or bad weather. what jerry howard says is to blame for home builders outlook the housing market recovery.
1:20 pm
adam: an in the latest on a seah for the malaysians flight. aviation th consultant on why ty have to prepare for the worst. cheryl: gold moving lower after five straight days of gains. silver and copper to the downside. we will be right back. weekdays are for rising to the challenge. they're the days to take care of business. when possibilities become reality. with centurylink as your trusted partner, our visionary cloud infrastructure and global broadband network free you to focus on what matters. with custom communications solutions and responsive, dedicated support, we constantly evolve to meet your needs.
1:21 pm
every day of the week. centurylink® your link to what's next. you really love, what would you do?" ♪ [ woman ] i'd be a writer. [ man ] i'd be a baker. [ woman ] i wanna be a pie maker. [ man ] i wanna be a pilot. [ woman ] i'd be an architect. what if i told you someone could pay you and what if that person were you? ♪ when you think about it, isn't that what retirement should be, paying ourselves to do what we love? ♪
1:22 pm
those litt cialis tadalafil for daily use paying ourselves to do what we love? helps you be ready anytime the moment is right. cialis is also the only daily ed tablet helpsapproved to treattime the msymptoms of bph, like needing to go freently. tell yr doctor about all your medical conditions and medicines, and ask if your heart is healthenough for sex. do not take cialis if youtake , as it may cause an unsafe drop in blood pressure. do not drinklcohol in excess. side effects may include headac, upset stomach, delayed baache or muscle ache. to avoid long-term injury,gety if you have any sudden decrease or loss in hearing or vision, or any allergic reactions like rash, hives, swelling of the lips, tongue or throat, or difficulty breaing or swallowing, op taking cialis and get mecal help right away. ask your doctor about cialis for daily use and a free 30-tablet trial.
1:24 pm
cheryl: will flight 370 ever be found? new clues have investigators taking a closer look at the controls of the plane. if it was intentionally diverted. let's bring in asheville webster. >> still no signs of flight 370. he believes it was the copilot that spoke very last words to ground controllers before it vanished but authorities seem to be backing off earlier suggestions yesterday the final good night or the goodbye came out break medication was turned off. investigators are looking through phone records, passengers to see if anybody on board tried to make calls or send texts if it took a turn to the west. no evidence of any attempt at contact. maintaining there were
1:25 pm
diversions on the possibility aircraft crew were involved in the disappearance. the british newspaper claiming the planes captain 53-year-old is a supporter of malaysians opposition leader and upset the politician was arrested hours before the jet disappeared. the wife and three children moved out of the family home the day before the plane went missing. looking closely at the flight simulator he kept at his home. the copilot is under the microscope. he has only started co-piloting recently. the son of a high-ranking official described by family and friends as a very religious about his career. the search expanded into vast air core doors to the north and south of the last known position. 26 countries now involved in the
1:26 pm
search, three french officials involved in the search for the air trans flight from rio de janeiro to paris are now offering their expertise. still no sign of the plane. cheryl: fascinating. adam: our next guest fears the worst on the missing airlines flight 370. you believe the plane was hijacked and time to go on the defensive. >> the issue that got away with it somehow, he can't trust what is coming out. that is investigations. somebody wanted 777 for some reason. they wanted it for long-range capability, where could have gone, where might it be sitting today? look at airstrips with six or
1:27 pm
7000-foot runway. adam: if the plan were hijacked with intent in the future, where are those people that were on the flight? what happened to them? >> i fear for them. the same number of people in 9/11. they wanted the airplane. i pray they are okay, but it doesn't look good. the airplane was taken a different direction. somebody had to land it. adam: is not the first time the plane has disappeared never to be disappeared. >> it is very rare. they are constantly putting out data. we would be up to our necks in data.
1:28 pm
when you're in a cockpit, they can probably disconnect anything they really wants to disconnect so i don't think we have a real safety from that. it is one of those issues we have to rethink a number of things. right now what could somebody do with the airplane? adam: what is the possibility that perhaps one of the pilots was somehow mentally unstable and unfortunately did a suicide pact somehow. >> the point of it is you probably do that just to do with and get it over with. >> we're happy perhaps to sell parts of the airplane, or do you think it would be for the future? >> absolutely mala intent.
1:29 pm
they will not strip for parts. they want in their plan with very long-range for some use, who knows. maybe thinking of putting something the airplane. that is conspiracy. but let's face it, we don't have much hard evidence right now. adam: thank you for your perspective. cheryl: we are looking at a market now moving higher today. after the biggest weekly loss like january. adam:'s vacation rusher is lifting us money out. this was the details after $110 withdraw raises speculation russia was behind that move. (vo) you are a business pro.
1:30 pm
maestro of project management. baron of the build-out. you need a permit... to be this awesome. and you...rent from national. because only national lets you choose any car in the aisle... and go. and only national is ranked highest in car rental customer satisfaction by j.d. power. (aaron) purrrfect. (vo) meee-ow, business pro. meee-ow. go national. go like a pro. but when we sta worrying about tomorrow, we miss out on what matters today. ♪ at axa, we offer advice and help you break down your retirement goals into small, manageable steps.
1:31 pm
1:33 pm
cheryl: you have got the dow higher by 160 points. industrial production up .6 of a percent. manufacturing was declining in january. i do want to really take a quick look at the industrials sector if we can to show you big gain in the stocks right now, as you can see on the chart, sea of green. all the big industrial names are moving to the upside. let's bring in fox business contributor phil flynn from the price futures group. he is in the trading pits of the cme. we're watching oil to snap two days of gains. what is going on in the contract, phil? >> we saw a big pop after the russian vote or ukrainian vote in crimea. they're back down now. once we saw that the sanctions were not really including energy, there is no immediate risk to supplies the market is focusing on the amount of supplies we have. we're seeing products really get whacked, because we thought if there was some type of conflict
1:34 pm
in the ukraine it would be up to the u.s. to replace the product in europe. that will not happen based off these sanctions, at least not in the near term. this is weighing down the market today. you mentioned industrial production. natural gas is up big. part of it is the weather. we also got a pop up after that number. the manufacturers after the interruptible contracts are probably coming back online because they couldn't run the factories because they couldn't get their hand on natural. that is number on the bull side. precious metals back down a bit. back to you. adam: phil, thank you very much. investors may be pouring money into u.s. stocks but is russia yanking its money out of the united states? charlie gasparino joins us now with sheila mullen, senior bond reporter at mmi to discuss this. >> not just the senior bond reporter, i would say one of the experts looking at the bond market. i've known you for a long time. what is interesting about a story you broke last week about a huge shift in russian treasury assets out of the u.s. into some sort of third party fund.
1:35 pm
explain it to us in a minute. i've been hearing from the banks that the banks are saying if this thing heats up, this ukraine crisis to the point where we have to freeze their assets, then stuff is really going to start happening. the markets are going to turn down. is this a preliminary step to russia saying we think you will freeze our assets? >> well, they had the money at the new york fed. >> right. >> sorry, $105 billion at the new york fed and they moved money overseas. >> right. >> they moved money away from u.s. sanctions. now the u.s. sanctioned i believe 11 individuals. e.u. has sanctioned 21 individuals some with connections to russia. some with connections to crimea. >> right. >> bussians need that money in case they need to intervene. go ahead. >> so, if this freeze happens, we can't touch that stuff. >> it is out from under the united states control. so the question is, where do they go with this money.
1:36 pm
>> right. >> now at first i was thinking it was maybe the european central bank. >> right. >> bank of england. one of these other national central banks. >> right. >> now it seems may be more likely a private bank, either a private bank or bis, swiss national bank. >> for out viewers, this is sort of the beginnings of russia shifting its assets out of the u.s. you would say, correct? >> well, those particular things are very safe. it is what they need to intervene to bolster their currency. >> right. >> they really need it to work and safe in the united states right now. what they did, they didn't sell. they just shifted it to a third party custodian. >> away from us. >> it is away from us. the other thing it is like a book entry thing. >> right. >> hey, charlie, third party custodian, can you move this. >> it is not the fed? the fed, having it at the fed means we could actually essentially freeze it and seize isn't. >> that's correct.
1:37 pm
that's what they were worried about yeah. >> let me ask you this. why isn't the markets, aren't the markets trading off more on this crisis? clearly they're taking over the crimea. that seems like a fait accompli. you hear all this stuff about troops bordering and elsewhere in the ukraine. it, the markets are going nuts. the treasury markets are not falling. people are buying u.s. treasurys still. >> so what happened is, it was kind of a buy the rumor, sell the fact. so all last week they were buying treasurys and selling the, for the most part selling the risk assets. >> right. >> but now we have, you know, got through the weekend with effectively no real major military battles and they set up some relatively mild sanctions and now we're waiting for the other shoe to drop. the shoe to drop welsh russia's reaction to all this. >> right. >> when i left my work place there was no reaction from russia. >> let's say russia reacts violently, what happens? people buy treasurys or sell.
1:38 pm
>> i say buy. everything seems to be same old same sold. >> what goes on with the u.s. stock market? >> i would think that the u.s. and european stocks would go lower if there was a violent reaction out of russia. >> right. >> and i would think what is very interesting, really i think they need, personally i think they need to toughen up the sanctions. russia lives and dies on the energy money coming in. >> right. >> so we slapped the sanctions on, in the united states, 11 and -- >> our bank stocks. i hear from the banks they are really worried about a potential asset freeze. i don't think the obama administration, to be honest with you, has the cajones to do any of this. i know what we're talking about but if they do it bank stocks get crushed, don't they? >> i think that would be probably something that would happen, yes. >> okay. >> if they really want to stop putin, he is really on the march, if they want to stop him they will have to do somehow another cut off the energy
1:39 pm
russia money to russia. the europeans and united states have to get together, look, america you will give us a bunch of natural gas. >> right. >> and europe -- >> and you're going to kill the banking system, the banking system will cult off everything more or less? >> well -- >> we have to leave it there, that is a potential, correct? >> yeah. really specific to the energy money. the russia energy money coming in and out. >> okay. >> so germany is of course nervous. >> okay. >> but you've got poland saying look, they will be coming after us. estonia saying we get 100% of our energy, estonia, latvia, lithuania, they get 100% of natural gas from russia. they're feeling very vulnerable position. >> we'll leave it there we're not going to settle it right now. maybe adam can. adam: with my 105 billion in u.s. treasurys. >> u.s. treasurys, yes. adam: swiss accounts so the irs don't get you. charlie, thank you.
1:40 pm
st. patrick's day do you have a pep in your step today? ouryou're not alone. we will hear from the founding producer of river dance as the show tours the country. cheryl: get your tap shoes on. also this. more gloom than boom of housing. confidence issues plaguing the nation's largest homebuilders. we'll hear from the ceo jerry howard exclusively. that is coming up next. [ telephone rings ] [ shirley ] edward jones. [ male annncer ] with nearly 7 million investors... oh hey, neill, how are you? [ male announcer ...you'd expect us to have a highly skilled call center. kevin, neill holley's on line one. ok, great. [ male announcer ] and we do. it's how edward jones makes sense of investing. [ male announcer ] and we do. ♪ see what's new at projectluna.com
1:41 pm
so i can reach ally bank 24/7, but there ar24/7.branches? i'm sorry, i'm just really reluctant to try new things. really? what's wrong with trying new things? look! mommy's new vacuum! (cat screech) you feel that in your muscles? i do... drink water. it's a long story. well, not having branches let's us give you great rates and service. i'd like that. a new way to bank. a better way to save. ally bank. your money needs an ally.
1:42 pm
>> i'm ashley webster with your fox business brief. industrial production rose in february at the fastest growth rate in six months. federal reserve said industrial output which includes manufacturing, mining and utilities increased by .6 of 1% last month after declining by .2 in january. hertz shares are up on reports that the car rental company is planning to spin off its construction equipment rental business. "the financial times" reporting that the deal is expected to value that unit at about $4.5 billion. unemployment rates dropped in 43 states in january. the labor department says 23 states reported more hiring while 27 the number of jobs fell. the highest jobless rate, rhode island, 9.2%. lowest? north dakota at 6.2%. that the latest from fox business, giving you the power to prosper.
1:44 pm
cheryl: treading water. that is how the nhb is describing homebuilder confidence? march which rose 1%, one point after plunging to a nine-month low in february. joining me, cheeks sieve interview with area re how who i you -- jerry howard, national home builders association. weather argument seems to be dizzy painting for many spots in the housing market is there a bright spot? the market today. >> the bright spot, are problems that the industry only faces, cheryl when we're actually building. i'm talking about cost of material and lack of supply of labor. both of those are the underlying components that bother our members most right now. five years ago no one complained
1:45 pm
to me about not having labor and materials that is the bright side. cheryl: hold on. which got the february jobs report. we saw an increase in labor. the best increase in labor activity in jobs that we had seen since fall of 2013. so jobs are being created. >> jobs are being created but right now we're seeing it in the construction side. during the depression we had a lot of people, a lot of carpetters, a lot of skilled laborers, leave the construction sector, go elsewhere. they haven't come back yet. moreover, a lot of them won't be coming back and we have to train people and it takes time. so that is a real headwind we're facing. >> commodity costs are another issue. let me talk to you about the news that broke over the weekend with regards to fannie and freddie. looks like in washington more of a move a bipartisan move to dissolve fannie and freddie. what kind of reaction are you getting from your members right now? >> we're analyzing the bill as we speak, cheryl, and i tell you right now we believe chairman
1:46 pm
johnson and senator crapo have craft ad bipartisan proposal we think will add so much stability it will actually be really beneficial if this thing gets passed in law. cheryl: what in particular, jerry? what part of the bill? >> particularly we think it will both provide for protection for taxpayers from potential bailouts if there's another catastrophic event in the housing finance sector and just as importantly, it will continue to provide the necessary federal backstop some we think it walk as very, very fine line that we've been trying to get congress to take on for the last five years. this bill is, jaap want to say it is spot on but it is pretty close. cheryl: jerry, it is clear the government has made money when it comes to fannie and freddie and the bailout. there is a profit that is being turned. at the same time with many speculating that the housing market will be in for a choppy year aren't you concerned that major changes at fannie and freddie, while they seem simple enough, are going to, it will cause a ripple of discord
1:47 pm
regards to officials and banks and buyers and lend officers nothing is simple in this industry as you know. >> no, nothing is simple. in fact what we're most concerned about is the inconsistency and back lack of stability in the rules governing the housing finance sector. we believe and i think the markets will show us as we move forward, having stability, knowing what the requirements and the rules are for lenders, for borrowers is every bit as important as anything else in the marketplace. and right now, we've been in limbo for the last five years. getting this thing back into a stable, confined area where we know what to expect, where my members can imagine their businesses accordingly is very, important and a very major positive step. cheryl: jerry howard, nhbc ceo. jerry, thanks for being here. appreciate it, jerry. >> thanks, cheryl, happy st. patrick's day. adam: even the sunshines on solar stocks every once in a while. sector is jumping as ja solar
1:48 pm
reports the first profit in 10-quart years wow. chicago, not oprah's kind of town. queen o is selling her last business ties to "the windy city." ♪ weekdays are for rising to the challenge. they're the days to take care of business. when possibilities become reality. with centurylink as your trusted partner, our visionary cloud infrastructure and global broadband network free you to focus on what matters. with custom communications solutions and responsive, dedicated support, we constantly evolve to meet your needs. every day of the week. centurylink® your link to what's next.
1:51 pm
adam: solar sector is on fire thanks too fourth quarter earnings from ja solar. nicole petallides on floor of new york stock exchange with more on this for us. nicole? >> certainly fair to say that the solar sector is heating up indeed. adam, ja solar came out with a profit which is great news and pushed the stock to new record highs and actually the first time we saw a profit in 10 quarters for ja solar and they gave a forecast that was great news there as well, saying they
1:52 pm
continue to perform well in the key regions, which most notably include china. they really blew away wall street numbers. ja solar hitting new highs and taking the rest of the group along with it. first solar to name a few. solarcity with would be in there and yuengling green as well. back to you. adam: thanks, nicole. cheryl: time for your "west coast minute." the los angeles area getting rattled by an earthquake earlier this morning. the trouble was reported 6:25 a.m. local time, five miles from westwood t was felt across a large area of southern california. the usgs originally measured the quake at 4.7 but quickly downgraded it to 4.4. so far no reports or injuries or damage. it certainly hit in the center of l.a. if you know the area. oprah winfrey sold harp bow studios in chicago. the $32 million property is snapped by a developer.
1:53 pm
she left to launch the oprah winfrey network in los angeles. spending more time at her home in santa barbara and estate in the hawaii. some shows will be produced out of harpo studios for l.a. based own. but that only for two years. adam: don't you have that trouble, whether i want to go to santa barbara or hawaii? cheryl: which house do i want to be in? i don't know. adam: we have live look at st. patrick's day parade. the parade is currently marching up fifth avenue and a helicopter shot from fox 5. cheryl: no mayor de blasio in the parade. adam: boycotting. cheryl: tip necessary is boycotting new york city's st. patrick's day parade. adam: they don't allow openly gay people to march in the parade. cheryl: that is green. i didn't. whatever, two decades after -- the irish step dancing phenomenon is making a big comeback. adam: the pr
1:54 pm
as the show hits the road. ♪ my dad has aor afib.brillation, he has the most common kind... ...it's not caused by a heart valve problem. dad, it says your afib puts you at 5 times greater risk of a stroke. that's why i take my warfarin every day. but it looks like maybe we should ask your doctor about pradaxa. in a clinical trial, pradaxa® (dabigatran etexilate mesylate)... ...was proven superior to warfarin at reducing the risk of stroke. and unlike warfarin, with no regular blood tests or dietary restrictions. hey thanks for calling my doctor. sure. pradaxa is not for people with artificial heart valves. don't stop taking pradaxa without talking to your doctor. stopping increases your risk of stroke. ask your doctor if you need to stop pradaxa
1:55 pm
before surgery or a medical or dental procedure. pradaxa can cause serious, sometimes fatal, bleeding. don't take pradaxa if you have abnormal bleeding or have had a heart valve replaced. seek immediate medical care for unexpected signs of bleeding, like unusual bruising. pradaxa may increase your bleeding risk if you're 75 or older, have a bleeding condition or stomach ulcer, take aspirin, nsaids, or blood thinners... ...or if you have kidney problems, especially if you take certain medicines. tell your doctors about all medicines you take. pradaxa side effects include indigestion, stomach pain, upset, or burning. if you or someone you love has afib not caused by a heart valve problem... ...ask your doctor about reducing the risk of stroke with pradaxa. 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
1:56 pm
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. ido more with less with buless energy. is helping ups do just that. soon, the world's most intelligent servers, designed by hp, will give ups over twice the performance, using forty percent less energy. multiply that across over a thousand locations, and they'll provide the same benefit to the environment as over 60,000 trees. that's a trend we can all get behind.
1:57 pm
cheryl: it has been two decades irish "river dance" became part of our popular culture and now the producers is bag with a new show. we have the one of the producers of "river dance" and one of the lead dancers in the new show. you're both irish. happy st. patrick's day to both of you. >> same to you. >> same to you. melissa: this "river dance" is now taking off around the world. is that is global phenomenon. did you think about that 20 years ago? >> we knew we had something special. we're celebrating our 20th anniversary. i get show reports from vienna this week. we're in vienna on a nine-months tour through europe, scandinavia into russia. then we're got a company in
1:58 pm
dublin for the summer. this company, heart beat of home has been touring dublin, china, toronto, chicago, detroit, boston. adam: emma, let me ask you. i was curious. you're from dublin. you would grow up with this kind of dancing but john was telling us in the commercial break there are 60 irish dance schools in places like russia. >> yeah. adam: what is the attraction for people of irish dancing? >> it is amazing. i grew up, my mom was irish dancer. she brought me along to her classes. "river dance" is so infectious, that it affected dancers of all sorts all over the world. they really wanted to learn irish dancing because it was quite unusual. now it is just the norm a lot of people do irish dancing all over the world. cheryl: you're both irish. we were looking at live pictures of the st. patrick's day parade in new york city. americans think it's a big party and time to drink beer and get drunk. it is different in be can lynn,
1:59 pm
right. >> not quite as wild. st. patrick's day in new york is about the generation before. it has been taken over by everybody. the irish don't own it. the irish own new york. but new york owns the st. patrick's day parade and different than ireland. adam: 34 million people descended from someone who came from ireland. >> that's true. adam: very quickly, what is the best part of this show for you? how do you keep going roughly two hours? cheryl: how do you stay in shape? >> full-on workout two hours. we're non-stop dancing. if we're not dancing we're quick changing in the background. it is so much fun, the audience, adrenaline keeps us going. cheryl: you must have injuries and stuff you have to overcome? >> yes. cheryl: i completely respect what you do. thank you so much. >> thank you. adam: as we say in hebrew --, we're all irish today. thank you.
2:00 pm
melissa francis is here to take us through the next hour of "money." cheryl: what is going on melissa? melissa: the markets are moving. a great day to start the week. we have atic you're wall street throwdown. al by baba worth 15 million. it is always about money. we want to show he you what is going on with the markets right now. the dow industrials off the high of the session but still up 113 points. that is better than 1%. s&p higher as well. nasdaq composite is up 43. a lot on the lack of violence in crimea. remember, this is on the back of a five-day losing streak even though we're seeing relatively light volume. industrials leading the way. we'll have a lot more on in just a moment. but first, it is the sexiest ipo since facebook. i'm talking about mammoth internet retailer alibaba which is spurning china to make its market debut in the u.s. it is
149 Views
IN COLLECTIONS
FOX Business Television Archive Television Archive News Search ServiceUploaded by TV Archive on