tv MONEY With Melissa Francis FOX Business March 27, 2014 2:00pm-3:01pm EDT
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>> there are a couple angles on this you guys haven't talked about yet. we have a really interesting one coming up a little later in the show that no one's talked about yet. did "candy crush" the ipo market? our activist investors playing by the rules? they're according a new report they're tipping certain people off to their trades. wait until you hear this. even when they say it's not it it's always about money. melissa: the tech tippingpoint. the king ip oft on the cover of today's "wall street journal" calling it, the worst ipo of the year. has "candy crushed" the tech rally? here "wall street journal's" veronica dagger and trader larry shover from the cme. charlie gasparino is supposed to be roaring on to the set any moment. we'll see if he makes it. veronica, we'll start with you.
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people are wondering if candy crush was pets.com moment when it sort of tipped the scales on crazy ipos come to the market. what do you think? >> i think this is really good sign the ipo didn't do as well as expected shows investors are thinking twice before coming into these risky companies. there is lot of worry that is "candy crush" thing is one-trick pony. investors say maybe i wait until the share price goes down and wait to get into the company to see if they diversify the revenue dream todstream to keep this going. maybe people are smarter this time. melissa: it is healthy in a way. it has a feel about it. all of technology trading down today. the nasdaq selling off today. larry, i don't know, did they tip momentum in the other direction? >> you know, they could have. clearly "candy crush" is a singular event but makes people realize some of these valuations are coming frothy, not just a
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one-trick pony as was just mentioned. overall, valuations are something we have to be concerned with. discount models are though that we are fairly valued. however, with the downward trend in earnings season, with preannouncements it wouldn't take much for earnings to get stretched, valuations to get stressed and for us to have a boom and bust asset correction coming up real soon. melissa: i would ask both of you, look at twitter, down 38% off its high. it seems like on one hand all these ipos are being welcomed into the market. the underwriters are thrilled to bring them out of the more in the chute than ever before. we see them with this onslaught but investors are starring to get rational, veronica. >> they are starting to get rational. some of the valuations are out of control. you look at them, wow, this is lot of money. the interesting thing about "candy crush" and king, this company has revenues. hard to compare them to twitter because they're sort of playing
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in a different field. twitter doesn't have any revenues. melissa: maybe you call mark zuckerberg. maybe you don't want to bring your company to market. much better off selling it privately to somebody like mark zuckerberg. you look at oculus, they haven't brought a product to market. they are not making money. they got $2 billion. "candy crush" maybe signals that not public markets you want but deep pockets. larry, what do you think? >> i think you're exactly right. investors are very, very skiddish for a lot of good reasons. a lot of companies are flush with cash. they do have some sort of revenue but top-line growth is deteriorating. global momentum is slowing and cooling off, that matters a lot. june gdp growth is at a five-year low. combine that with the fact that worldwide monetary policy is not as supportive as it was even a few months ago. that's a simple fact. so investors are pausing and reflecting. we keep bouncing between 1840 and 180 in the sspx.
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i don't know know that anybody knows where the next direction will be. melissa: i don't know but the giant stuffed animals jumping up and down on the floor of the new york stock exchange was a really bad sign. they said, why did we send them down there? that makes us more stupid. bad pr. activist investors certainly driving the market right now but a new report reveals that investors leak their plans to a select few. veronica, what do you think about this story? this is out of the with. is j, saying 10 trading days before bullish activist reveal their regulatory findings that they bought particular stocks, those stocks were rising average 3.2% above the rest of the market? >> i thought it was a great story. it shows what an interesting insider game this is between some of these high powered guys on wall street but i think it also points to the fact that why so many mom-and-pop investors are so kept al of investing f you're not on the inside or one
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of the guys getting tipped off to the information you're left hanging. melissa: larry, do you believe that? >> yes, i do believe that. always little guy that gets hurt. small percentages that causes trouble for everybody. it was a great article. it made me so irate to think that people in the inside can make these moves in the market and russ of us get hurt and rest of us have a bad name because of it. melissa: makes a lot of sense this. is one of the complaints people make about activist investors. they make the big moves and talk about it. they want to make news. they are talking their book in a lot of way. how they disseminate their information and to whom, you know somebody, an ackman is going to move a stock. if you're the percent person he tells what he is doing, then you will have distinct advantage. isn't this one of the inherent dangers with activist investors. >> it is. melissa: is this legal?
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>> they said it is legal but is it ethical. that is up for debate. melissa: come on, charlie! >> this speaks against market timing. if you're a mom-and-pop investor you don't ban to try to market time. no way you can compete with this information. melissa: charlie gasparino, we're so happy to see you. we're talking about investors in this report in "wall street journal" that they are tipping off folks before they make their filings and that we saw a lot of these stocks go up. what do you think about that? is it true? i suspect it is and here is why i suspect it is. i put this to carl icahn when he cam came on our show a month ago. for some reason, cnbc would get a tip. melissa: i'm unfamiliar with that organization. >> they could get a tip about some activist move about herbalife or something along those lines. i wondered, stock would go up. it was clearly a plant. not well reported out stuff.
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and, often, for example, with herbalife,, i believe a short was first exposed on herbalife on cnbc. there has been stuff -- melissa: is all that legal? >> here is other thing. there was a leak about soros in herbalife being long. i want people to leak to me. it is illegal when you do that and you go out and, you play the stocks. suppose someone bought the stock before they leaked it to cnbc and the stock went up? melissa: right. >> not for the reporter but person doing it. melissa: you have to wonder can the sec come in and say -- >> we should point out -- melissa: can that person buy before they called cnbc? >> we should point out on the herbalife, soros investment into herbalife, i, we were first to report that ackman complained to the sec that they were being, the stock was being manipulated there was a degree of
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manipulation through these leaks. apparently according to ackman the sec looked into that. melissa: we have to go.o much. charlie we'll see you back here in a little bit or maybe you should just stay. >> okay. melissa: huge score for college athletes on the union front. one expert says they are selling themselves short and career earnings short. why this move could actually hurt players and their paychecks. simple aquarium pumps are being used to save premature babies. wait until you hear about this one. medical dollars with dr. manny. more "money" coming up. she loves a lot of the same things you do.
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t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and eenses to read and consider carefully before investing. melissa: groundbreaking decision for college athletes. the national labor relations board bringing them one step closer to unionizing and putting the financial future of college sports in a tailspin. nlrb says northwestern football players are employees who can form a union. while everyone else debates the merits of pay per play. we have to ask, are college stars selling themselves short? here sports attorney steve ol' nick. investing with options founder,
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steven place and veronica dagger is back with us. of the steve, let me start with you, you think unionizing is not the best financial solutions for these athletes. why? >> yes. i think it's a little nieve that the ncaa after making hundreds of millions of dollars each year expects the student athletes is to be amateurs but i don't think unionization is best play. 80% of the plays are done by 10% of the players. if they unionize they will spread rewards to third string safety who never seen a game in his life. melissa: that is interesting point. steve, what do you think of that one? they're not all worth the same. collective bargaining doesn't work in this situation. >> that is joke that has no validity to it. first and foremost these athletes spend a third of their time dedicated to their respective sports. melissa: i know, but he is, so you're saying they shouldn't be paid at all. >> no, they have to be paid. they have to give some type of benefits. melissa: he saying to pay them all the same to unionize makes no sense.
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they're not worth the same thing. that is issue we're talking about. >> but you have to unionize to actually have the benefits. you have to have the medical benefits. tough have the contract benefits. the collective bargaining will allow this. melissa: veronica, what do you think? >> i think it will change the face of college sports if they actually go through with this i don't think the players should be unionized. you go to the school. you know you're playing a sport. you know what you're getting into. why should you be rewarded versus someone on academic scholarship so to speak. are those people employees too? melissa: how do you respond to that. >> that leads to dangerous precedent where everyone is getting paid the same, things like title ix gets introduced to the soccer team in terms of benefits and everything. melissa: veronica is saying you shouldn't be paid at all. you come to school. get an education. you know what you're getting into. this is the training ground in order for you to eventually make money playing sports. what you're getting is your education. that is what you're getting as your pay. what is wrong with that. >> not really that binary.
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there are things with likeness rights. and someone goes out and buys your jersey and will you get royalties or will colleges keep all of that. you do endorsement deals with no financial risk with the companies. those things are based on individual talents rather than overall team. there is no "i" in team but effectively here it is. melissa: you have the whole rest of your life to go out there to play professional sports. one particular small-time, you're supposed to be growing up, getting an education, learning how to play the sports, then you can become a pro. why do you have to make money in those four years, steve? >> you need to make money because the window is so small in terms of becoming a professional athlete. the statistics are what they are in terms of a lot of professional athletes don't make enough money. often times retire off making a little to no money. what you need is money from the colleges today and i think northwestern is going to provide that. melissa: we'll leave it right there. thanks to all of you.
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the house voted to increase sanctions to russia to help boost ukraine, this as russian troops continue to build up on the border. let's go live to greg palkot who is in kiev now. yessing? >> melissa we're hearing concerns about the russian troop buildup. we're not getting consensus when or if there will be a new russian invasion this is days after the last ukrainian troops surrendered to the russians after its annexation of crimea. the defense minister of ukraine said they are ready for a new attack telling me that they are cooperating with u.s. as for the russian ukrainian troops, he tells us he thinks 88,000 troops are now surrounding the country. russia says all exercise. experts are not buying it. former ukrainian prime minister here yulia tymoshenko is run forge president. elections are scheduled for may. she is pro-democracy and anti-russia. vladmir putin number one enemy. finally the imf announcing a
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very important bailout package for this beleaguered country. 14 to $18 billion. that plus a u.n. general assembly vote saying that the crimea annexation is illegal. could bolster things, maybe not bring crimea back into ukraine, that is firmly in moscow's grip for the moment but at least a warning shot in case moscow is thinking about other moves against this country. back to you, melissa. melissa: greg, thank you so much. next stop a amazing new machine that helps premature babies by using a aquarium pump. a fraction of the price of traditional treatment. details in medical dollars. i'm talking exclusively to honeywell's ceo david cote at this. he says soon education will not even matter for the labor force. you have to hear this one. do you ever have too much money?
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melissa: twitter stock hitting a sweet note. nicole petallides at new york stock exchange. what is behind this move? >> twitters shareholders are happy to see a little bit of a bounce of 3/4 of a percent. they're tying up with billboard and vivo music so that you can then gauge the conversations about music and this is a great partnership for twitter. that's one thing. some people think the sock has been oversold in the past few days. the stock is near a four-mon low. late in december it was 74 bucks. certainly well off those levels. just recently also announcing in the last 24 hours you will be able to add more photos, tag up to 10 people, that may cut into characters you can put out there with that particular tweet. trying to make it even more interactive. back to you. melissa: twitter addiction. nicole, thanks so much. a major breakthrough in medicine aft group of students at rice university invent ad bubble machine that helps premature babies breathe using a
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simple fish tank aquarium pump. it costs a lot less than current machines in hospitals. could save hundred of thousands of premature babies a year. joining me dr. manny from fox news medical a-team in medical dollars. >> melissa: both of my sons were premature and both in incubators. they're big strong boys now. >> preterm labor, especially in third worlds is very high. 25%, 30% in some cases. so you're talking about hundred of thousands of children born every year. ultimately died because there is no support, especially for breathing. here in the u.s., we have many, many machines. among one of them is something called cpap. continuous pressure monitor that allows the little lung to expand and oxygenate. melissa: right. >> but that machine costs anywhere, 6 to 10,000 dollars. very expensive and so it carries a lot of costs. in the third world they don't have those resources. these beautiful students, god bless you, wherever you are,
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came up with a concept of taking a small fix pump, adapting a few things. melissa: $350. >> 350 bucks, doing god's work. doing many things that 6,000 piece of equipment in the u.s. tells you a lot. why would something could be made for 350 -- melissa: why? what is the answer? >> manufacturing issues in the u.s. liability prospect, all the regulatory hurdles that companies have to go with but i think this is going to help a lot of babies in the third world. melissa: before we run out of time, another big problem. we're talking about e-cigarettes. there is liquid nicotine you pour into a e-cig. refilling it from the corner bodega. if you drink it or ingest it will kill you. >> it will kill you. that is what a lot of kids are doing. somehow combining the liquid nicotine with red bull and they want to get an instant high. they don't realize that nicotine in this pure form, talking about 25, 30 mill grabs of nicotine, if you ingest that the shock it
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gives your heart, blood pressure all things it will do could kill you. melissa: this is a real problem? kid are doing this. >> kids are doing this! melissa: not mention of danger of people having it around their house if they have younger kid. >> safety aspect. a lot of these things have safety bottles so kids, especially little toddlers, but you have to be careful, this is liquid nicotine. i'm more upset about the recreational use by these dumb teenagers. and i know a whole bunch of them, that, basically, you know, they see something on the internet and they can mimic it. very dangerous. very, very dangerous. melissa: dr. manny, thank you so much. >> you got it. >> up next my exclusive interview with honeywell ceo david cotety, hear his take when the robots take over your work place. who is making money today. this rap group is releasing a record like no one ever has done before. they are counting on cashing in of the "piles of money" coming right up.
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ump, lulu lemon look, the downward dog after a stellar earnings report. nicole petallides at the nyse. what is the latest on this? nicole: the new ceo giving positive comments about expansion globally. and to take over lulu lemon, surprisingly lifting january, and he was noted as a global expansion guy. and europe and asia, with those continents, and they really expect some growth prospects so that is good news and traffic in the stores, there's some concern and seasonal items selling four
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times faster than it they expected censor and lee gave guidance that seemed better than expected and we saw the jump and of course as you know too well a few pr issues last year for lulu lemon and intense competition as well. melissa: see you soon. fortune 100 company honeywell as a leader in manufacturing span industries from aerospace to construction to energy. the sector is right for automation and i had a chance to speak exclusive with chairman and ceo david cody earlier today. thanks for joining us. you are at the reinventing america summit and it strikes me one of the biggest problems in america today is we don't have enough engineers. you stand with the bird's eye view, 22,000 engineers and scientists you employ around the world. is it a problem in america that we don't have enough people to fill those jobs? >> you are singing my song when
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it comes to not enough science and engineers. when i look what is happening around world we have deficiencies there. when you look at where we have to excel as a country is with improving productivity, productivity tends to come from technology, technology tends to come from engineers. we need more engineers but not enough. melissa: how do we fix that problem? >> there is a lot government can do to encourage this. it would be nice if we could get that kind of focus on it that sputnik moment that causes people to think more about it. the second thing is a lot of people say we should have more money for engineering, but if we took a look at all the government programs that support science, technology, engineering and math, there are over 100 programs already. none of them are coordinated and not a single one is measured to see if we are getting what we
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ought to. to combine all that, focus and measure it and you could take it to get an engineering degree. melissa: how would you court nate and organize it. let's start with that. >> one single program, one department managing it all. all the money together, and have some measurements of it to make sure you are actually getting what you think you are paying for and paid for engineering degrees you should graduate as an engineer. melissa: you advocate paying them? how would that work? >> i would pay for their schooling. i would have to do the math to look at how much money is involved but my guess is you could provide a good amount of money to tell people we will pay for your schooling, you become an engineer and get this kind of
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cumulative gpa we will pay for your schooling or grade it somehow so at a certain level you get a certain amount of money. there could be a number of ways to do this in a way with metrics, that you could get the engineers we are looking for. melissa: you talk about putting one person in charge. is that a government employee? >> it would be a state like one agency, the natural place you think of his education, but commerce might be a reasonable place to think about it also. this will be a fundamental for us to compete in the world going forward. if you want a simple example, look at honeywell, 22,000 engineers, but all the product we have, jet engines, controls, chemicals, turbochargers, you think of it as shipping and a box but i bet 22,000 engineers, more than half of them doing software.
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whether it is simulation software packages, software that goes into a product today, the software you sell as a service becoming increasingly important and that is matt and science base. melissa: the an end of the spectrum is low-skilled workers, we have a lot more automation coming down the line that has to be something you are looking at as well. more robots putting things together. what do we do about all the low-skilled workers who did not have a job in the future. how do we support them as a country? >> the best thing to do is make sure even your low-skilled workers have skills. at an end of the day there will always be something, education won't matter as much. shame to say that but it is true. at the end of the day there will be big demand for people with more skills. i often say when it comes to education it feels like we have a system that was designed by elitists for whom the system works. as opposed to looking at what
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would help kids to learn and how long do they want to be in school and i could tell you i hated school. i can remember graduating from a grade thinking i am only half done. thank god i was good at it and it took six used to get through college because i hated it but if i hadn't been good at it i would be released duck. there are a lot of places to look like the german apprentice system for example. doesn't mean we have to copy exactly but there are things to learn rather than telling kids i don't care, go through high school just the way we have it, then you have to go through three years of community school to get focus on the stuff you want to do. there's more opportunity for online learning where people can progress at their own rate so they stay interested. we seem to be stuck in this model that was developed by the greeks and we keep doing it that way. i think there's a different way to do this. melissa: more vocational
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training, don't like the structure the way it is. very specific skill that is used in the economy and there is nothing there for them. they didn't like it. a lot of revolutionary ideas. thanks for coming on. will you come back? >> of course. melissa: we barely scratch the surface. you take a business leader and he attacks this problem in a totally different way. ebonics measured results and saying our educational system away it is was designed by elitists for elitists to succeed that there has to be another path for people who aren't excelling in the system the way it is what do you think? >> he has an interesting points. we need more trade schools, we need to encourage people don't want to go to college or take on all the debt to graduate, we need something for them, we don't want civil unrest down the road.
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i like his idea of we need more engineers and encourage people in math and science. this is definite but we don't need another government agency overseeing something. having trouble over seeing what they already have so maybe it is something like honeywell, maybe they at a program to fund scholarships for low-income kids or even good kids, people who are good at math and give them an opportunity to get their education paid for that way. melissa: up next, robert schiller says start preparing for how bad things are going to get, tax the rich now to get ready for it. stay where you are. at the end of the day it is all about your money. so our business can be on at&t's network for $175 a month?
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cheryl: i am cheryl casone. glaxosmithkline momentarily recalling its over-the-counter weight-loss drug ally in the u.s. and puerto rico. the company found packages have been tampered with. jfk launched an investigation after getting consumer complaints and cooperating with the sp a. they picked up as the fourth quarter came to an end. the gdp growth rate came in at 2.6%. and improvement of the try reading of 2.4%. sales fell for the eighth straight month in february. national association of realtors says seasonally adjusted sales
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melissa: whether on wall street remains 3 years who's making money today, everyone loans alcoa, the u.k. court rules against the london metal exchange rules that would shorten the amount of time metals can be warehouse. benefit of 6%, and owns 650,000 shares that he made. losing money today anyone who owns yum brands, a whole lot about the fast food breakfast and a big debut of the waffle, coach today, and they have shares of yum down a little bit more than 1%. the band is selling one copy of the album. and a nickel and gray box. and the price of the album in the millions and would likely be
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bought by brendel record label. and wealthy individual, and release it to for free. raise taxes on the rich now or else is the message from nobel prize-winning economist robert schiller. sounding the alarm of income inequality and offering some radical solutions to solve it. it is just the beginning. he also wants to cap how much money billionaires' should make. you are shaking your head. dave: i love bob schiller. he's great on housing. he has been saying this for years, 2011, tax and spend, 2013, raise taxes on the rich if inequality gets worse. we had the experiment. we raise taxes tremendously entity quality is getting worse. in the 1980s we lowered taxes on the rich and everybody else, a
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book written by charlie and my former boss, editor of the wall street journal. 1983-'89 the income level for the bottom 20% of the country went up 12% and for the top 20% of the country went up 12% so you want to distribute income better, lower taxes for everybody. melissa: it does seem there's a structural problem in the economy. a lot of people are out of work are not going back to work. how do we solve that problem? >> i should point out i admire the man greatly but he wasn't my boss, he was your boss. dave: editor of the entire page. >> but the point is well taken. here is the problem with these tax increase plans. usually it never goes for deficit reduction. it gets the nod by the bureaucracy because there is no simultaneous move to lower -- most rich people have no problem paying more in taxes because we have an imbalance will be taken
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and what we bring out but they would want some structural changing of the way government works. the bottom line is this. if you think about it it is not billionaires' that pay. president obama's plan to raise taxes when he said millionaires and billionaires, family of five in long island making 250 was a millionaire, $250,000 he was a millionaire and a billionaire in the wacky world of president obama. melissa: those other folks pay more taxes. how do we deal with the problem of income inequality? as the gap gets worse and it looks like the poor folks are slipping further behind like we were saying and david cody, is there a solution for these people will we have a revolution down a road? >> it is a complicated problem because the gap is getting wider but one of the issues is corporate tax rate is so high, perhaps we need to make the environment healthier and easier. i think when you lower corporate
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taxes that might encourage businesses to hire more. a trickle-down effect. in terms of taxing the rich to make the poor wealthier i don't see how that the next. i don't see how it works. >> a friend of mine met with larry summers, former obama administration -- melissa: treasury secretary. >> under bill clinton was treasury secretary. this is larry summers, you can talk about the minimum wage, raising the minimum wage and this other superficial stuff. unless you change what is going on in the, education you will never -- dave: by the way, the one saying that has political clout is rew cuomo, governor of new york. they have a democratic and republican -- >> bob schiller is out of the loom. the democrats are not, most democrats are not in favor of charter schools, one thing that would wrestle the education, so many people away from the lobby.
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melissa: fed chair -- i miss spoke. thanks to all three of you. some news from iconic american brand levi strauss laying off 800 workers, nearly 20% of its non retail nonmanufacturing jobs over the next year-and-a-half. it is expected to save the company $200 million. at the same time the company is spending $220 million to put its name on the new san francisco 49ers stadium which is set to open next year. see what they did? it is the fourth highest deal in nfl history. interesting move on what they are prioritizing. see if it works for them. sandra smith is here to tell us what is up in the next hour. using those numbers are a coincidence? you see what they did? that $200 million? >> sounds a little convenient. a lot of people went to cygnets in jeweler's. they actually own a bunch of jewelry store chains including
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jerrod's and acquisition of sale, the stock hitting an all-time high today. the ceo will be on exclusively with us talking about a state of luxury retail as well. microsoft making its first public appearance today, what it means for microsoft shares hitting a 14 year high. that is coming up top of the hour on "countdown to the closing bell". melissa: one company finding reviews for the google glass. here is a hint. it is helping them with hiring. details, you can never have too much money. ♪
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melissa: market having a hard time getting anything going. look at the sell-off, the dow is down 10% but if you look at the nasdaq, technology getting hit today, more than half a percentage point. also getting hit on the back of that news out of city and the nasdaq down 22 points so tough trading day today. it is time for a little spare change. one silicon valley start at me end up with a gun its face after taking poaching to a whole new level. 8 recruitment station is being set up next to the google and facebook employee bus stops. using poached egg sandwiches. what do you think of this? pretty industrious. >> produce, clever. it is going to take more than an egg sandwich to lure away google or facebook employee but it will get their attention. it is clever. it is also great pr strategy.
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we never heard of this company before and now there are articles about them, tv coverage. they are doing a great job from a pr standpoint. melissa: resume commissions are up 82%. people are buying breakfast, you can lure more people, why do things like that? i give my kids cookies. same concept. >> there is something to this. in san francisco they're going to these bus stops all right next to each other and 600 people, 150% increase in resume submission. this week alone on there website. this is pretty tough to get out there and actually do this. google and face book, google and facebook are desirable places to work. guana they going to offer these guys? >> i don't know. i was an attack conference last week and heard a lot of people complaining company like google and face book the innovation is that.
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they have become very corporate, it is not a creative place it used to be handled lot of folks have made many would like to go to the small start up. it is interesting we saw the pictures of those big buses with google written on the side. they become targets of a lot of things. protesters are after this bus, the 1 present problem has got a really big in san francisco and the bay area where there is a backlash against these employers. people are targeting these buses to recruit new workers. maybe you shouldn't write google. >> that is one for a field trip but i would not want to ride on this bus every day i got to be honest. melissa: they are making themselves targets for sure. what do you want? they should blanket out. just make it white for a little while. thanks to both of you guys. >> also telling them to tell their friends.
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call me. melissa: next up another day another round of picks for the worst company in america. stay where you are. i love your tweets on this one. we will put them on the bottom of the screen and talk about what you in the audience had to say. you can never have too much money. [ male announcer ] if you're taking multiple medications,
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liz: all this week we have to bring you the worst companies in america. andrew keen is at the cme. what are your picks? i undetatand best buy is one of them. >> simple and easy, radioshack, best buy and game stop. i'm looking at three things, number one, a week looking chart. from atop the bottom, all going to zero. best buy, game stop, radioshack are all brick and mortar. radioshack has an unbelievable
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super bowl commercial. it doesn't matter, all of these stocks are headed lower. increased competition. go on the computer, get something from amazon prime shipped to my office in 24 to 48 hours for a fraction of the price of best buy and game stop. with game stop, a lot of it is going to the cloud computing space and getting a handheld devices. all these companies are headed lower, looking to get short on any rally. melissa: i was in game stop the first time the other day, it looks like a radioshack. so beaten down and dirty, nothing left on the shelves. best buy at least seems like it has a chance for a turnaround, they are making the most of having both online offering and a store for people who want to go and ask questions, have a demo. they seem like the only one who
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may be has a shot, no? >> last year was a very strong stock and it looks like they would turn it around. i'm too busy, you are too busy running around to go to a best buy. i buy everything a amazon prime ticket everything shipped to me for free. i return free returns as well, so best buy are doing the little things right online, but the chart looks very weak. of the three, i agree with you best buy has the best chance but all three of those are terrible companies. melissa: which is the most terrible, game stop maybe? >> if i had to choose one stock to be long mlb long radioshack because it only go to zero. they cannot going to zero. radioshack is a lottery ticket. their super bowl commercial was amazing but if i had to choose one of them radioshack going to
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zero. best buy does the price matching thing in store. but the fact is i am too busy and i am sure you are too busy to drive to the store, go inside, find what they want. they go to the internet, amazon prime business model is amazing. they will take a lot of business from other stores. gamestop, everybody is in the cloud computing space. melissa: what do you think? i don't know if we showed it, but most of them there was a lot of talk about cable providers. i heard from so many of you out there. there we go. you can see some of them, what is your pick? >> i would be worried if i was radioshack. does this company even exist anymore? not to mention image problem, radio in their name. fix the image, turn that around
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and maybe people will start to notice them again. melissa: thank you, we really appreciate it. tune in tomorrow and tweet me with the worst pick in america. that is all we have time for now. i hope you made money today. "countdown to the closing bell" starts right now. ♪ >> it is showdown for microsoft ceo. a new course for the tech giant. wilwe'll investors by in the strategy and push beyond the 14 year high? a game-changer for college sports? landmark legal ruling on if they can unionize to be the first real place toward paying athletes. the future of college sports. and a fast new breakfast war is heating up. talk about try to take a bite out of the competition to unveil a new ad campaign for mickey d's.
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