tv Markets Now FOX Business March 26, 2014 1:00pm-2:01pm EDT
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and high property taxes. charles: markets trying to get attention so i hand off the show to the capable hands of cheryl and adam. don't drop this rally. cheryl: no fresher, appreciate it. all right. tech is the talk of wall street and king digital getting candy crushed, one hit wonder concerns the digital gamemaker's disappointing debut on the stock exchange. charles: adam: facebook virtual reality, mark zuckerberg shelling out $22 for new opulence. a big fat waste of money? the analyst call on what you need to know about the head set maker. cheryl: larry fink on what companies shouldn't emphasize at the expense of long-term growth. adam: i am adam shapiro. did you hear this one? this had the show team buzzing
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this morning. hotels in new york offering a social media wedding service, that person who takes selfys on your big day. adam: a nation of narcissists. cheryl: is social media going too far on this? adam: if you want to spend $3,000 go for it. all right, we have a stock alert right now. let's get to nicole petallides working entertainment and candy crush. >> by $3,000 worth of stock to the upside. we traded as low as $19.08 a share. what is interesting about this is people are concerned about this. this is the big ipo.
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everyone was waiting on this one but it is over at $7 billion in valuation but the concern is whether their main game, is that it? what will they do in the future? did it allow zynga? some of the other traders on wall street say that. we watched zynga closely, it is down 50% from its ipo debut in 2011 but you see zynga down 4.3% on a day when the market is doing great, tough market conditions, the ipo is having a little bit of tough time on this day. jpmorgan and bank of america -- cheryl: we will keep our eyes on the stocks. adam: facebook on a multibillion-dollar shopping spree, joline kent has the latest developments on the social giants's first-ever hardware deal. >> not everyone is pleased with
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this deal including facebook investors, shares right now are actually down on the news. and $400 million in cash. it is down 4%. mark zuckerberg send a call last night, this is a long-term bet on the future of computing. and face-to-face for long distance, participating global classrooms. a lot of ideas for this. it is going mainstream. >> for the first time virtual reality works and this is something people have been imagining for so many years, 40 or 50 years, when they will put on a head set and be in the game. >> this is a great deal for him but not all developers are pleased with this deal. mine craft, the popular game, was in talks to bring the popular game but after the
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acquisition was announced yesterday, i can't believe that deal, facebook creeps' me out. he went on to say in a blog post, too and clear, haven't been historically stable platform. one company walking away a big winner didn't make any money off of the deal. the first billion dollar company raised $4.2 million from 9500 backers in 2012. the only problem is you don't get equity on kick starters and the head set if and when it comes out or maybe just a t-shirt and to give you a sense of the billions of dollars facebook is throwing around lately, $1 billion for instagram not long ago, $19 billion for what's app and instagram paying off 200 million users doubling the original goal but mark zuckerberg quick to say on the call last night, all these billion dollar deal back-to-back, a rare instance, he reiterated investors should
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not expect much more of this going forward. adam: perhaps we explore another time the kids starter side of this. 9500 people getting this $2 billion deal. thanks. >> we are joined by scott kessler, senior analyst for s&p capital i cue. it looks like facebook once again is going on an acquisition spree. what is the end game for facebook? you are spending $2 billion on instagram. >> i don't know the answer to that and a lot of people don't. and we were surprised. facebook hasn't expressed any interest or make a lot of strategic sense.
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and essentially committed to $2.3 billion valuation of the company. a free product but can't see something in the market until now. >> isn't it possible what facebook is doing, they have one cash. >> they make a good point. facebook kind of capital and flexibility. at the end of last year they have $11 billion in cash and investments. they made commitments over the last month of double that amount. of course, 21 or 22 that they committed to purchase the two companies, 78% of that, and we have seen the stock price of their shares substantially,
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inflated currency to some extent. it is largely about -- cheryl: two goals. this is speculation but this could be a talent grab the. we are seeing a lot in silicon valley now. for who is running them. a bigger play against google, google with android seems to have branched out beyond the website. facebook hasn't been able to effectively do that. >> i completely agree with the notion that they want to acquire technology and talent as they can. if you think about google over the last year, what we think is google has done a good job generating and capturing mind share, people from google because of self driving cars, google glass, because a lot of
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the project getting people's attention and making acquisitions in the robotics area. that helped them expand valuation multiples and also attract talent. adam: i will bring up something we are old enough to remember. elon musk said it in all things digital last summer they haven't created anything new in silicon valley since the smart phone. at some point they got to come up with something game changing. >> that is an overgeneralization from someone who does a good job creating headlines, and innovating in his own way. that suggest silicon valley and the technology sector have not accounted for tremendous innovation over the last couple years, really inaccurate. that being said if you are speaking specifically to apple, i think one of the issues
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clearly is they are not perceived as the company of innovation as they once were and if you look at facebook we think one of the things they are trying to do is prepare for what is next, what is to come and that is why they're doing these moves, gaining attention, making their employees comfortable despite the fact they are willing to make these kinds of commitments. cheryl: i picked it up with you saying what is the ultimate goal for mark zuckerberg? there has got to be one. thank you very much. good to have you on this breaking story. adam: the wearable technology market chipmaker intel announced the purchase of beta science for $100 million. the san francisco based company is part of the health tracking what might offer a $200 device that tracks blood flow, perspiration and skin temperature to assess the intensity of the workout. intel is up 16% in the last year. cheryl: let's keep on a twitter
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social media theme. ellen degeneres's record-breaking oscar selfy has reappeared on twitter. the famous photo was one of many that mysteriously disappeared from the micro blogging site. twitter issued a statement saying it had begun looking into what was causing the tweet to display properly so no official word so far on what caused that glitch. the third tentacled glitch for the company in a month. look at the stock, down 13% in the same period just one month. >> this is a stock that hit $74 not long ago trading 78, $40 a share. when will it stop? cheryl: taking a book at twitter, modest head of the internet crazy question. lawyers will stop offering health insurance. the new prediction from the man who has cracked obamacare, zeke
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emanual. adam: new satellite images give hope to those searching for missing flight 37. what malaysian officials call the most credible lead they have. cheryl: house recovery that has boomers bullish and millennial stock up the side line. our exclusive interview with better homes and gardens ceo cheri crist. we will be right back. if you've got copd like me... ...hey breathing's hard. know the feeling? copd includes emphysema and chronic bronchitis.
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adam: the search for a malaysian airlines flight 370, new possible debris in a remote section of the indian ocean. malaysian official was calling this the most credible leads they have. the image shows roughly 122 separate objects in a location not far from other satellite sightings that may be related to the missing jetliner. this is now 18 days into the search for the doomed flight but recovery efforts continue today as 12 planes from five ships including the united states, china, japan, south korea and new zealand scour the seas for signs of wreckage. >> stock alert for you, we are
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watching shares of sotheby's. nicole petallides on the show floor of the stock exchange. nicole: that was up 1/2%. big news, activist investor has acquired 9.6% of these shares and trying to acquire more so, but there is a so-called poison pill in place and he has sued the auction house to remove that poison pill because basically it hampers its ability to have upwards of the shares. passive investors with bigger positions. >> thank you so much. now on at blackhawk's cheek -- she focusing on active as
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investors, >> jimenez $4 trillion and gets a little bit of a device for leaders of corporate america. and lending his waist to a debate, there's a long term planning. in a letter to s&p 500's ceo, and not necessarily activists. maria bartiroma on the opening bell on a fox business exclusive this morning. >> our views today that the narrative is so loud now on the activist side. and too many cases, focus more on their short-term, and in some cases these were appropriate moves and increased stock repurchases and low interest rates that make sense to repurchase stock and if you could have a better return. we are not against those
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movements, we are against the movement of times for companies that could be reinvesting. cheryl: this morning on the heels of renewed pushes by the most influential and activists in the market from carl icahn's campaign to push ebay to spin off its paypal business to bill ackman's battle to take down herbal life which he says is operating as a pyramid scheme and daniel lobar's suit against sotheby's over its poison-pill plan. activists seem to be busier and push years than ever. he is not completely against activist investing but companies need to put their money to work and investing in long-term growth weather is building new plants, hiring more workers and innovating rather than just paying out dividendss and buying back stock. adam: billionaire hedge fund directors pushy? >> carlisle's big coup we brought to you yesterday, jamie
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dimon's their parent. the troubled work for private equities. charlie gasparino will have exclusive details on that part of the story. adam: economic sanctions taking hold in russia but could the u.s. be the ones that really gets hurt. a backlash threat. cheryl: as we go to break we take a look at the metals as we have been monitoring the situation overseas and a safe haven for many investors. we are down just a bit. we are going to be right back.
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cheryl: private equity or as some say the real money, has escaped regulation so far but are they worried that is going to change? charlie gasparino has exclusive details. >> we are hearing from private equity investors i have been speaking to, in 2014, then there will be some kind of increased regulation on the industry in general. the first thing they're worried about is favorable tax treatment they get. volt reading carried interest which we don't have to get into but these firms make a lot of money off of the interest that they earn on their investments,
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this will carry interest and that interest is taxed as a capital gain so they're worried about losing, this is the years they may lose that and this is the other big thing privately firms are worried about even more than the carried interest based on some of the people -- speaking of fairly senior executives in this business they are worried about the notion they call now become systemically important institutions just like the banks. here is what is interesting yesterday. if you notice mike cavanaugh, the top guy at jpmorgan, david rubenstein getting a lot of wall street guys because all these private equity firms, blackstone, essentials, they are becoming wall street firms and they are becoming wall street firms without the massive amounts of dodd-frank regulation wall street firms face. they are not under dodd-frank considered systemically
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important institutions. they can lend, they can do proprietary trading. they can do lot of stuff the mainline banks and wall street firms cannot do but here is what they are worried about that over the next year or 18 months that these firms and we should put up some trading of the private equity firms because they are all publicly traded companies, black rock, blackstone, larry fink on the brain, blackstone, kkr, all publicly traded institutions. what they are worried about essentially is in the next year, they become like banks, that somehow -- they knew. the roach motel of dodd-frank starts his taking it home. we understand with these sources telling fox business that they are going out and the essentially lobbying congress to maintain that favorable tax treatment and maintain status as
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not systemically importance to tuitions. whether they succeed or not i can't tell you but i can tell you they're worried 2014 is the year they both get put into the roach motel and lose the favorable tax -- cheryl: what does the government have to gain? it has proven its point with more regulation and dodd-frank on the banks. what do they gain from going after private equity? >> what did barack obama gain by going after mitt romney treating him like a greedy banker. there is a class warfare element of politics. we have midterm elections coming up later this year. we have a presidential election in 2016. the democratic party in order to whip up its base uses private equity and has used it in the past as a battering ram. >> private equity donates. >> privately people are democrats. tony james at blackstone, number 2 guy to steve swartzman is a democrat. i wish we could put up some of
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the stocks in private equity firms but in the meantime i will say is this. that class warfare argument works every time and it may work now and they find it hard to defend against interest treated as capital gains. i can defend it as a capitalist. i like the lowest possible -- i like the least barriers between capital formation and the tax code. i don't like barriers. that is just me. i am trying to make that argument out there. a difficult argument and the notion they should be not systemically importance to tuition's also hard argument to make. it is trading, lending, it is important, black rock went under, would that heard the global financial system many less? >> how do you protect the taxpayer? none of us want to bailout any of these guys ever again if we are setting up the investment bank.
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>> will they want black rock, i want to blackstone. black rock is a money-management firm. any event i don't know. i am just saying it blackstone, thank you. the notion that they need to be bailed out has not been broached yet. they do a lot of the same stuff and are competing. if you talk to any wall street -- get jamie dimon on here, give the 5 biggest competitors i bet he throws in carlisle and blackstone. cheryl: great stuff, thank you, good political and financial. of you really lost yourself. >> looked like apollo creed from rocky. a new set of reports says target missed warnings on a massive data breached. we are live in washington as retailers head to the clock for the first time since chief information officer resigned. cheryl: one way to make your winnings truly unforgettable. the social media concierge's
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[ 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. cheryl: target breach backlash on capitol hill. the retail giant's chief financial officer testified moments from now before the senate commerce committee. lawmakers want to know how target plans to keep customers safe after that massive breach of personal information of up to 100 million people. rich edson is covering the story. he is in washington. what do we know? we're moments away, rich.
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>> the committee is greeting john mulliga target's chief financial officer with an 18-page report largely blaming his company for missing the data breach. they grant ad small hvac company to its networks. the vendor failed follow accepted security practice. target failed to respond to multiple warning signs and kept sensitive data on the network without isolating in further parts of its infrastructure. target refuses to comment on the report. the spokesperson referred to us a previous statement saying target did find some evidence of the hack on its network and that activity was evaluated and acted upon. the team determined that it did not warrant immediately i can't think follow-up with the benefit of hindsight we are investigating whether if different judgments had been made the outcomes may have been different. target also says it has spent hundreds of millions of dollars on network security.
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democrats on the committee are pushing a bill to establish federal security standards and new rules above earning how and when a retailer must reveal a data breach. back to you. cheryl: rich edson, out in washington. rich, thank you so much. adam: we want to continue with this cyber theme because as we turn our attention to the crisis in eastern europe the u.s. and its western allies remain in fierce diplomatic standoff with moscow after russia's successful annexation of crimea. the world awaits russia's next move. security experts are warn it being could come in the cyber domain. we want to bring in trend micro president of technology solutions. thank you very much. we've seen russia use cyber warfare against estonia. there were hacker attacks, whether russia or those favorable to russia attacking ukraine during this whole crimea situation. could we see that turned against the united states or europe? >> yeah.
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adam, thanks for having me on the program. certainly what i think your viewers need to understand and appreciate prior to the events even happening in the ukraine, the other dimension around cyber warfare already taken place long before battle in boots on the ground in the ukraine. this is ongoing challenge not only eastern european block is facing with the former soviet union and further entrenched in that particular region with cyber activities, infrastructure, telecommunications they have a strong foothold within the region to manipulate telecommunications, critical infrastructure and also potentially have impact on the messaging and manipulating the message of the events going on the ground there. that is the challenge that we've seen over the last several weeks as ukraine situation has unfolded. i think that the manipulation of media, defacements, distributed denial of service attacks which certainly happen on an order of magnitude in the estonia attacks are all still weapons and tools
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within their arsenal that were used thus far and i still think that they can see that particular event and series of events play out over the coming weeks. adam: let me ask you, take this through speculative but logical possibilities. who do you target, if you're vladmir putin? who do you target? do you hit financial institutions in europe? do you target financial institution in the united states? do you target the grid? we had countless experts tell us our grid is vulnerable to this kind of attack. >> yeah i think they want to make surethey want to put a stranglehold on the ukrainian government and overall situation they will look at supply chain. they will look at food sources things like that would put a huge strain on logistics all of that would be the number one target. adam: jd? >> they will control the media and messaging around that. that will be critical. adam: what about targeting outside of ukraine? >> yeah, we have seen in our
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research, we have a forward threat research group that looks at events around the globe and we've set up critical infrastructure that would be water grid, electrical grid, industrial control systems, if you will, to try to simulate what might happen in the form of a cyberattack and from our research of these particular honey pots if you will or simulated production environments of these ics systems we've seen attacks even on u.s. soil as well as globally coming from russia net blocks. russian ips that are trying to overall manipulate the system, probe the systems, batter intelligence about how they operate and potentially use that later on in the event of a critical infrastructure attack. we've seen that in our research and certainly between russia and china we've seen those as the two largest groups. i'm sure the same activity is going on in eastern europe. adam: okay, jd. >> certainly within the ukraine. adam: got it. >> around their industrial
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control system as possible vectors, yes. adam: thank you very much, jd sherry. cheryl: we want to put your attention to the markets with breaking news. show you what is happening in the markets. stock really have reversed course. this is happening in the last few moments as you can see. we're well off session lows, down 33 points. we were up 96 points, as much as 96 points on better than expected durable good reporting. there are some comments crossing about ukraine and russia from president obama. those headlines are talking, he is basically is saying this is one quote from the president, if russia stays on current course, isolation will deepen, sanctions will expand. i'm not saying that is connected to markets. at the same time the dow is sliding we're getting new comments from about president obama about the situation between ukraine and russia. investors are looking at if we'll have problems over there. >> there were concerns about financial sanctions expand. we'll look at this very soon.
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right now, production pop, durable goods orders rising by the largest amount since november. coming up jeff flock live at a subaru plant in indiana, a new line of cars helping drive those gains. cheryl: from the national football league to the no fun league, owners outlawing goalpost dunking. what the players have to say about it. we under stand taking time to do it right is important but another firm obamacare deadline again, delayed, again delayed. we'll be right back. ♪ 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
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>> i'm jo ling kent with your fox business brief. nissan recalling about one million 2013 and 2014 vehicles for a possible airbag failure. a faulty sensor may not able to tell when a person is sitting in front after passenger seat. the airbag may not inflate in the event of a crash. more than half of the recalled cars are nissan altima sedans. toyota buying back shares adding up to $3.5 billion. this comes as the world's biggest automaker expects record profits for the financial year-ending march 31st. senate panel is delaying on proposed $45.2 billion deal to buy time warner cable. senate judiciary committee moved
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adam: the white house now extending the firm deadline to sign up for obamacare past march 31st for those unable to complete the process. liz macdonald joins us with more. >> that has opposition, those opposed to white house and democratic party up in arms. what is the white house is saying, what hhs is saying they're acknowledging there are web glitches on the health exchanges, yeah, you have got to have an application in there by march 31st. if you don't you will get hit with a government fine, they're essentially acknowledging there are some props with the health health ex-they're saying you know what, sign up by mid ape. that is okay.
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can for extension to mid-april to get health insurance on exchanges. it is being called a special enrollment period. the problem it is on honor system. you can just check off a box. is this another indication that health reform has a rocky rollout? yee. are they trying to accommodate people coming into the system because exchanges are frozen or locked up? yes. being used by people opposed to the white house another indication that is a botched rollout. cheryl: they made the promises. they set the target. they move the target. >> that's right. we have another alarming story breaking in the "new york times" and this is really important. the architect of obamacare, dr. ezekiel emanuel, what he says how he thinks more companies will drop health insurance. here is his quote, by 2025, fewer than 20% of the workers in the private sector will have employer-sponsored health insurance. a few big blue chip companies will announce their intention to stop providing health insurance. he is saying instead raise
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salaries upstanding alley or offer large defined contributions to the workers. then the floodgates will open. this is a real flashpoint. this is really controversial this is really big deal we're already seeing employers like ibm and trader joe's and home depot making moves to get workers or retirees off health insurance. harris watson is saying watch this. nine out of 10 workers will lower the value of health insurance? why? because of cadillac tax in health reform. that is impetus behind it. is this the next move? is this next shoe to drop? is this going to be really controversial? yes to all of that. a big deal. adam: elizabeth macdonald. cheryl: thank you, liz. adam: more breaking news. stocks continue to drop down 46 points on the dow after being up as much as 96 points on much better than expected durable goods order but president obama who is speaking right now, for russia to stay on the current
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course its isolation will deepen of the thing that probably triggered the selloff, quote, sanctions will expand. cheryl: we also are looking at some big economic data today. durable goods orders coming out today showed better than expected rise for the month of february. remember the markets were higher earlier and that was good news for all of us but anyway this could be good news for companies like ge aviation who manufacture jet engines of the they plan to build a new plant in indiana. we have jeff flock live from the subaru assembly plant from lafayette, indiana with more. jeff. >>, exclusively live from the subaru plant with outbacks coming off the line. take a look at the chart. a surprising two mers that did help the markets for a while but another positive piece of news here in indiana, ge aviation, relocating or locating actually, the new plant that will build those leap engines, new jet engines and of course ge
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aviation, the biggest jet engine-maker in the world. a new plant here in indiana, just one day after the governor here announced that they are lowering the corporate tax rate to the second lowest in the nation. i talked to both the ceo of ge aviation and the governor a short time ago. >> we run a pretty rigorous process when it comes to picking sites. >> tons of competitors. >> tons of competitors. you have to realize these are 25 plus year decisions for us, right? this engine will enter service for the first time in 2016 it will have a run of 25 to 30 years we'll be assembling and building new engines. we don't take the decisions lightly at all. >> when you balance budgets, low tax, sensible regulation it all still works and that is why indiana is growing. >> mike pence says lowering taxes means creation of jobs. talked to david joyce about the aviation business environment. right now he says he is very positive bit. of the claims running full.
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fuel pretty good in terms of price. good news all around for them. 200 plus new jobs here in indiana, the state which will shortly have the second lowest corporate tax in america. only lower state? one that is don't have a corporate tax at all, adam, cheryl. cheryl: great point to make. thank you, jeff. here is a question for you, are boomers bullish? baby boomers might be the secret to kick-start a housing recovery. a reality check from "better homes & gardens" ceo in a interview we'll only see here on fox business. adam: you're out of here. new york yankees major league baseball's biggest spenders? that is over. we'll tell you who the new king on the baseball hill is. ♪ it's a growing trend in business: do more with less with ss energy.hp is help.
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cheryl: there are nearly 77 million baby boomers in the u.s. and in a good sign for the housing market they are getting more an more optimistic about buying and selling homes into their retirement. we have better homes and garden real estate ceo for an exclusive interview. you compiled the data. what you found i thought was interesting. basically boomers are more optimistic in particular about sales of their homes. that's surprising to me. we've seen data slipping in the past two months. what gives? >> cheryl, we were really surprised in a real good way. what we found over 50% of the baby boomers surveyed said they're on the move. now, another interesting statistic was that 70% said they're not on the move far. they're going to end up in the same state. cheryl: let me, here we go. let me give our viewers for example. 57% of boomers plan to move out of current home which means they plan to sell which is my question.
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70% believe the best home they will be in, where they retire. 83% have empty nest and retirement. only 83%? kids can't leave fast enough. >> what parents are saying in a polite don't come back. we don't want you to come back. we want to you move on. just some great statistical information on baby boomers on the move. cheryl: 31% want to sell their homes more than they did five years ago. what i find interesting, obviously the housing market has picked up but do they think they would have gotten the same prices they would have expected five or six years ago? >> some cases they won't. depend on what part of the country they're in. they're looking at future. what they're really doing is looking at lifestyle and community and where they want the next phase of their lives to be. cheryl: all the data we've gotten, new home sales five-month low. case-shiller, third month in a row case-shiller came in to the downside. existing home sales is where the beamers have to be concerned about home values we're not seeing that major investors are
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starting to pull back on their investment of existing homes, buying them. doesn't that hurt boomers a little bit? >> you know, cheryl, all the experts are saying the same thing. we're in early stages after long-term recovery -- cheryl: but they're cautioning about 2014. >> they're cautioning. they are cautioning. we have had, i hate to attribute anything to the weather but it has been pretty bad and on the positive side of things, inventory is up slightly. it is up over five months supply across the country. that's a good thing. 30-year fixed remains low. things are not looking doom and gloom and desperate. cheryl: i don't think doom and gloom and desperate. i think there are certainly some concerns right now about housing for 2014. i was looking at a recent sudden did i from realtytrac. it shows that institutional investor purchases are down substantially quarter to quarter. this is year-over-year. so i mean, for fourth quarter versus fourth quarter of year before. >> in early stages of the
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recovery investors were buying a lot of distressed properties. so that could be some pullback now, there just isn't enough inventory for them to buy. one of the numbers that you know, is, a little off, according to nar, is the number of first-time home buyers. cheryl: millenials. >> millenials. we want those people to buy and you know with the president of in ar says they're paying off their student loans and they're saving. so that's a good thing for the future but we want them to -- cheryl: for the kids but we need to buy a home right now to get the housing recovery going. >> exactly. cheryl: come buy my house. good to have you on the show. adam, over to you. adam: cheryl, billy martin in heaven is crying over this one. fox business sports minute. the new york yankees have been dethroned with the team with highest payroll in major league baseball, a distinction they held for 15 years. the new slugger? los angeles dodgers. they have 2014 payroll of 235 million bucks. yankees will only dole
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out04 million. the average player salary, $4 million. the highest paid player this season zach grain key, from the dodgers, taking home 24 million bucks. the second year of his $147 million, six-year project. it is good to being be zach. what is not good? dunking in the national football league, you will not dung. dunking on goalposts will be illegal in the 2014 season. this ruling comes out of owner meeting after new orleans tightened jim any gram knocked a goalpost off kilter. tony gonzalez, tweeted this quote, nfl says more dunking over the goalposts. i don't understand. looks likes i got out just in time. celebratory props will not be legal and lambeau leap is allowed. fender and baseball are teaming up to create baseball themed
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stratocaster guitars. mlb.com will sell them. each $800 guitar will have the team logo as well as custom landmarked imagery. back to you, cheryl. cheryl: adam, we're getting more breaking news in fox business. we want to look at dish and directv right now. stocks are jumping. report that dish's ceo approached directv about a potential merger. our charlie gasparino told you that this was coming. he reported this back on february 13th. now widespread report that is directv and dish are in merger discussions. as you can see on the screen both stocks are jumping to the upside. there is one-year chart moving in tandem. taking a look at dish right now, dish is moving higher as is directv on this latest report. all right. are you going to the chapel and then tweet about it? the new trend of hiring someone to live tweet, instagram and facebook our nuptials. we'll be right back. ♪ smote.
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cheryl: your wedding in 140 characters or less. w hotel is has a wedding blog, live tweeting wedding ceremony, live photos on instagram and creatings unique hashtag for your guest to share the photos. your cost? $3,000. melissa francis. melissa: put down your mobile device and enjoy your event. that is all i have to say. candy is not tasting sweet. we'll get to that until charlie gasparino has latest on investor backlash. he thinks this is just a big farce. kennedy here on president's plan to make my higher minimum wage a women's issue. even when they say it's not it is alws
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