tv After the Bell FOX Business April 3, 2014 4:00pm-5:01pm EDT
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story with the ftc looking to complaints from small business owners. [closing bell ringing] i will continue to look at the story. david: yet by the slimmest margin, we might just eke out a gain on the dow jones industrial average at least. the bells are ringing on wall street. all in the red right now. we don't know how it will settle. the dow fought back very successfully ending the day basically flat. the nasdaq came back even though down 1%. it was well over 1 1/2% at one point in today's trading. there has been a little bit of a come back. as i mentioned to liz, some may have to do with had whisper number, 250,000 job gain as opposed to 200,000 tomorrow. anybody's guess how it will end up. that is what is happening. there are good rumors circulating in the market. liz: time for the front-page headlines today. labor department says initial jobless claims. unemployment benefits increased 16,000 last week to seasonally adjusted 326,000.
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the numbers coming out one day as david mentioned before tomorrow's big march jobs report. david: a private report today said job cuts fell to the lowest level in 19 years last quarter. challenger, gray & christmas. very optimistic report, reporting just over 121,000 jobs cut over the past three months. liz: services sector of the economy grew last month, though by less than what wall street economists had forecasts. the institute for supply management's index well ahead of february's number. david: another set back for citigroup. ceo michael corbat, "new york times" said u.s. authorities open ad criminal investigation into recent fraud at mexico bank unit. citi's stock is lower. liz: apple said its developers conference will be held in san francisco in early june. wall street and investors closely track this event, looking for any clues as to apple's plans for new products. david: can you say apple tv? mow cee lo announced new ceo
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stepepped dn. th c compa was under pressure after the ceo contributed to a antigay marriage initiative in 2008. the chairwoman stepped down for both mozilla and our community. busy day. "after the bell" starts right now liz: what's so bizarre about the market action today right out of the gate saw all-time highs for the dow and s&p and then -- david: kind of got messed up. liz: let's get today's market action as we look at the intraday picture. jason pride, glenmede director of investment strategy has a few places where he says invests are still cheap. we have dan from january any capital markets of director of technical research. he will tell you why technology is the place to put your money to work despite what the nasdaq did today. chris gersch from the pits of the cme. we begin with chris.
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what brought us down here after hitting all-time highs? >> the all-time highs in the futures behind me were 1888. a lot of traders saw no follow-through with the new highs. head and shoulders pattern occurred with series of lower lows and lower highs. no buying really happened at all. as far as traders are concerned, all eyes are pointing to tomorrow. if we hit that 250,000 number that david talked about we could see a hawkish step in by the fed. i think market would rally. you will see the bond yields again, just 100 yards away from me continue to fall. it should be above two a lot of traders think. david: dan, i love people who don't equivocate. you say, no qualms bit. you're a bull. you think this market is still cheap? what makes you think that? >> well, i mean a couple of things. just like everybody else we give allowance for market corrections over the short run but i think on a long-term basis we're still
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very bullish on equities. i would classify us as megabulls here. we think this is secular story. we look at valuations on something like the s&p 500, stock market in general, not only relative to where it has come from throughout history and relative to other asset classes. one of the key things for a technician to look out there right now, when you break out in the markets to new all-time highs after trading over the last, 10, 12, 13 years in a trading range and you're trading towards the low end of your valuation scale that is a huge buy signal on a long-term basis. the s&p is breaking out to new all-time secular highs. it is trading around 17, 18 times. typical secular bull markets, they don't end, they don't peek until the pe, that multiple is trading north of the mid 30s. david: whoa. >> i think we have plenty of room to travel in years ahead. liz: i don't want to be like people a year or twoing a who
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said watch out, i'm pulling money outgoing to cash because something bad will happen and they were completely wrong. jason we've seen outflows from equity fund, it looks a little early for that. which would balance what dan would say. how would you be appropriately moving money? >> look i think you have to be a little bit careful here and not put on rose-colored glasses too much. 17 times earnings is above historical average. historical average 15.4 times earnings through the last 100 years. unless you're looking at past 20 years you can't say that is material discount. doesn't mean that equities are monsterously expensive and doesn't mean we can't ratchet higher here but it is coming down to fundamentals. it will have to take earnings growth and real economic drive to get us higher. it is a little bit hard to get to really robust growth. returns will be a little bit lower. that is not necessarily a bad thing. returns will still be reasonably good but they will not be the
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30% or 20%, maybe even have a little bit of hard time dealing with 10% on go forward basis next couple years. david: hey, chris? >> our process be optimistic and constructive and be cautious along the way. david: chris, you have got to break the tie. we have a super bull and guy pretty cautious here. what say you? >> i'm not putting any money to work in equities right now. david: no money? hold on a second. wait a minute. that is significant for to you say. you're saying no money, no new money in equities? >> well, please understand that we're futures traders. david: that's true. >> we are in and out of these positions. the fact is, as trading day-to-day there is no follow-through on this rally that just happened about 10 minutes ago. the fact that we fell off a little bit, maybe about three points on the close, that never happened last year. we always closed on that recovery. the fact that there buyers are fading on the close means to me as a trader that the follow
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through just isn't there in 2013. liz: dan, let's get to what you like. where would you put investors money at the moment. give us the reasons that you're picking these areas. >> well, again, if we're bullish on the stock market then, by default we have to be bullish on pro-cyclical, pro-growth areas. pro-risk. one of areas i think is undervalued and underweighted, quite frankly unloved has been technology. specifically the semiconductors. this group has been out of favor for quite a while. it has been building a huge base. i think it is relatively cheap to the markets here. so i think this is not about trading over the next couple of days, even next couple months. i don't think this is about trading for 2014. when we're saying we're super bulls here, we think this is long-term story. i think semigroup as leader of growth and pro-cyclical group could be thematic investment for main street which is really -- liz: coy jump in here. >> nobody is buying this market.
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it is -- liz: bank of america, is, making some news here. we've got a situation where they are saying that bank of america is in settlement talks, this according to the journal, over credit card practices. bank of america is discussing an least $800 million settlement with the commodities futures. we have sources saying it would be the fifth company to settle with the cfpb over credit card ad-on products. wanted to let everybody know that the consumer financial protection bureau is potentially getting that settlement. anyway, dan, as we look at the stock which is not moving on that, let's go back to our stocks. you mentioned you like emc, microsoft and suntrust. microsoft has looked really good. >> you mentioned the news on bac. banks, specifically regional banks. this is group we continue to love. similar story kind of in terms of technology. banks are still very underweighted, unloved. we think relatively cheap to the markets. big base going on there. so emc we think has been basing
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for a while. we think's a stock can trade into high 30s, low 40s. microsoft we've been talking about for a while. that has broken out a few weeks ago to new, 13-year highs. in terms of banks suntrust is an example of many type of charts, type of trending action we see out there. so we think that's a great chart as well. we think is a great stock pick. we think banks will merge as one of the sector leaders in the years ahead. david: i like your strong attitude. i may not agree with all your bullishness. jason on the other hand you're going for what looks to be some defensive plays. let's start with home depot. >> the background here is what we want to do, we do want to have an overweight to equities to get that long term exposure. david: right. >> we think we're heading higher and fixed income will not be going anywhere so you have to do something. when you do that, if you want to offset the risks you can tilt your equity positions a little more defensively and basically end up getting the same return
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out of the equity market over the next couple of years that everybody else is taking a lot of risk is getting but you take a lot less risk. you can do that with home depot. great play on home improvement and home recovery right now. you can do that with abbott labs, very steady, diversified, stable business model. 2.3% dividend yield. 10% sort of growth rate. and third one is, this is where i agree with one of your guests there, there are some spots you can find within technology. all the industry have their cheap spots. all industries have stable components. focus on the profitability. focus on stability of the businesses. find the discounted evaluations. accenture is a great one that falls into that camp. david: okay. >> another 2% sort of yield with a nice growth rate behind it. it adds up even without price multiple expansion adds up to good multiple return. david: moderate says you have to be in equities in this market. jason pride, thank you very
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much. dan, good to see you, and chris gersch, we'll check back in with you in a couple minutes when the s&p futures close. looking to do some spring cleaning in a your portfolio? one sector that analysts say shows a sign of a big slowdown. you may want to ditch it in your portfolio. we'll talk about coming up next. liz: making green from green garbage? believe it or not, waste management, listen to this, produces more renewable electricity than the entire u.s. solar industry. david: wow. liz: while great for the environment, also helping the company's bottom line. ceo and president of waste management joining us in a fox business exclusive to talk about it. david: david steiner, smart guy. we want to hear from you. tomorrow we've been meggsing the jobs report is growing to come out. are you worried about your own job? very personal question. let us know what you think. fbnatb. that is your tweet. your answers coming up. ♪
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david: here is good news. micron technology is climbing in after hours trading following its earnings report. liz: let's head back to nicole petallides. she is on the floor of the new york stock exchange. nicole? >> i get excited over storage chip-makers. we're looking at micron. the stock is doing great. great to have shareholders nice bullish move here. we're seeing stock upver 40 cents in the after-hours for micron. the numbers for revenue came in, beat the street.
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4.11 billion, versus analyst estimate of 3.99 billion. a beat there. as for earnings per share in the second quarter. 85 cents versus estimates of 76 cents. that is good news as well. it is a little bit higher coming off the highs in after-hours. it closes at $24. 24.16 for the bid ask. the analysts were anticipating there would be strong demand for chips. we have seen that at higher prices. they did well, particularly well in the flash products which was up about 11%. that is great news for micron. back to you. david: thanks, nicole. appreciate it. liz: s&p futures are closing. we want to head back to chris gersch in the pits of cme. chris, we have the big jobs number tomorrow. >> we have the big jobs tomorrow and looks like traders are going in, all the ants marching in the same direction. we actually recovered a lot of what we lost earlier in the afternoon and we're about a half a point higher in the futures. nothing like the five points we
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were up at those all-time highs but a half-point higher at futures close. liz: okay. chris, thank you very much. david: not many investors thought low interest rates from now and forever and the end of a cold, inhospitable winter would bring out buyers in the housing market and housing has been soft recently and our next guest says is part of your portfolio spring cleaning t might be time to toss out the homebuilders all together. joining me now, "barron's" columnist michael kahn. nice to see you. what is the problem with housing? >> it is more of a chart thing. that is what i follow. we should get rid of some of the homebuilders in the portfolio just because of technical factors. i think the trend we've seen last summer has broken and it means it will not lead the market higher. david: i want to push you in the fundamental area for a minute though. everybody thought these low interest rates would be continue to be good for the housing market and of course they have been pick up the past year.
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fundamentally, what do you think kind of turned it around? >> again it isot my area but i tangentially -- david: i'm pushing you there. >> i know that the fed spooked the whole market -- david: six-month comment. >> yeah, the six-month thing. so that spooked the market. i think there was decoupling of stocks and bonds. they had been trading in a certain way, actually it is not, not even historical pattern they have been following. just a decoupling and you don't know which way one is going. you can't make a determination based on interest rates i think for housing stocks right now. i think that, low interest rates may not actually help them just based on the charts. david: let me get you into more comfortable territory. a lot of more technical guys were looking last year, the guys that focus on the calendar and saying gee, april and may were good for homebuilders. maybe they will be this year. >> april was good for stocks and may they peak and downhill for the summertime. i don't want to say the pattern will repeat but there is precedent for it.
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david: let's talk specific companies now. kb home, they had a pretty good earnings report in march. they got a little bit of a bounce. why didn't have coattails and spill over? >> the why is not my area and the what is what happened and that is my area. if you look where the stocks went, some came back to the old may highs. some of them didn't. kb was one of them. the stock lagging sector in a rally it is really weaker and when things go wrong they tend to lead on the way down. david: what happened to lennar? >> the same sort of thing. there was a, some good earnings coming out about a week or two ago and the stocks jumped and failed. and technical world, that is not a good thing. bad action on good news, not a good thing. david: pulte, some people look at pulte homes and looking for details inclusive and they see this 2.9 price earnings ratio. this looks like the bargain of the century if you're looking at pe. why is that about pulte? and what, you know, what could
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be the problem with a 2.9 pe? >> well, sometimes when we look at these pes, something is maybe too good to be true. and, on the dividend side, when you see a dividend yield, maybe 10% on stock in sector yielding 3% other 2%, you think something is wrong and dividend may not be safe. the same with the p-e ratio. the e my not be safe. david: earnings might not come in and that might be a problem? >> not something that i can forecast though. not my area. david: michael kahn, "barron's" column it. thank you very much. liz? liz: david, it is easy as pie. dunkin' donuts is looking to boost its business by giving customers a new way to order cakes. say it's a piece of cake. dunkin' brands ceo nigel travis joins news a fox business exclusive on the new business for baskin-robbins. that is coming up. david: when tech giants in silicon valley spend billions to buy companies with unproven
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technology, is it a sign that the deal is less about innovation and more about hype? is that what is going on in some of the ipos? we have a naysayer that we'll debate that. coming up. ♪ gunderman group. gunderman group is growing. getting in a groove. growth is gratifying. goal is to grow. gotta get greater growth. growth? growth. i just talked to ups. they've got a lot of great ideas. like smart pick ups. they'll only show up when you print a label and it's automatic. we save time and money. time? money? time and money. awesome. awesome! awesome! awesome! awesome! awesome! awesome! awesome! (all) awesome! i love logistics.
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blythe masters says she believed once the bank completes the $3.5 billion sale of its commodities unit. global food prices rose to a 10-meant high in march, climbing 2.3%. united nations food and agricultural organization says the increase was due to bad weather in the u.s. and brazil and also to tensions in ukraine. nasa is suspending most of its engagements with russian officials because of the ukraine crisis. the suspension includes travel to russia, teleconferences and visit by russian government officials to nasa as well. survey by harris interactive find americans only take half their paid vacation days. for those who do take time off, 61% work while on vacation. [buzzer] david: that is not good. that's not good. shouldn't work when you're on vacation period. seeing profit, and even energy in the stuff we throw away, waste management has become the nation's largest waste hauler and processor. in addition to turning waste into energy, it is ditching
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diesel fuel vehicles for natural gas trucks. >> does not end there. so what else is the company doing to make the rest of its business cleaner and greener? joining us now, in a fox business exclusive is dave steiner, waste management's ceo and president. great to have you here. from of course "the wall street journal" economics conference which is about in its 7th year, attracting all of the big corporations who in the past had not been considered green but, dave, you guys over several years, we told this story, morphed your business very much, turning garbage into green garbage. what is your newest effort here. >> yeah, you know, really what we're trying to do is provide solutions for customers, right? solutions, customers want a wide variety of solutions. so, you know the best example we can give is philadelphia where we have a waste to energy plant that creates energy out of waste. we've got recycling facility that takes the recycling from philadelphia and recycles it.
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we've got a plant new for us called pella advertised fuel, take garbage, pelletize it and turn into substitute for coal and 10 to 20% of the particulates of coal. this is cleanest coal you could have made out of garbage. david: as we mentioned in the intro ortiz leading up to this segment, you produce more energy than all other solar plants combined which is extraordinary. kudos to you but happening all around the world, sweden i understand is actually importing garbage. sound ridiculous but they're getting so many energy out of garbage they import about 700,000 tons a year, right? >> no, that is absolutely right. for us it is all a matter of what we can do -- we don't call it garbage anymore. we call it a resource and what we can do to take the resource and on the back end. most of that back end is driven by couple things, energy prices, natural gas, oil and demand from china.
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what we've seen last five years, energy prices because of the fracking revolution have been lower and demand from china as been lower. so we've got to make sure that whether we're doing recycling or we're turning that garbage into fuel or electricity, we've got to make sure we can do it on a profitable basis. frankly, that's where we are this year. we're trying to understand how we can get the consumers to understand how they can help us create a cleaner material that can create a greener solution on the back end and profitable solution on the back end. liz: dave, you wouldn't do it if it weren't good business for waste management so it obviously is. however lately the price for recyclable commodities has gone down. it has become more commoditized which is no surprise. how do you work that out you're continuing to spend money to do this but yet margins are still worthwhile for you? >> that is great question, liz. basically we're like any other manufacturing business where you've got input products and you've got the output. the question how much does it cost you to take the input and
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create a product. what can you tell it for on the back end. what we've seen last year, the input cost has gone up. because we're getting dirtier materials that contaminates rest of recyclable materials. we have to educate consumers what they thud should be recycling and not be recycling. the sales price for the back end product has been hurt because of lower demand from china. we have to work with the customers and we've got to work with the governments to understand how do we make recycling a long-term viable business. look, reality, prior to 30 they are we were investing 100 to $200 million a year as largest recycler in north america. we can't do that if we're not making money. frankly last year we didn't make money recycling. we need to understand with our consumers how we get the input costs down and out put costs up so we make the investment we want to make in recycling to help our customers recycle. david: david, i want to change focus a little bit.
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tomorrow we get jobs numbers for march. they're expected to be good. whisper numbers are better than expected. still a lot of folks out there are either looking for a job or they're worried about their own job ending. you employ so many different types of people, so many different types of job descriptions from guys who haul garbage to technicians at the top and management. are you hiring right now? if so, what kind of people are you hiring? do you have a job for the folks out there who might be looking? >> i'll tell you what. if you're a mechanic or a driver we have got a job for you i can guaranty you. to me the jobs report is a, is a flash in time, right. as a country, long term, try to help create employment. just like any transportation company in drivers and mechanics, right? out how do we, how do we train more people to become drivers and mechanics? our drivers can make upwards $60,000 a year.
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same with our mechanics. these are great jobs with great benefits. how do we train a workforce so that we can have more of those types of folks coming for our jobs. coming for our jobs -- david: folks can train themselves. >> not look at jobs on day basis but look long term. david: word has to get out that folks like you are looking for drivers and mechanics. i bet people are smart enough to train themselves for the jobs but they just apply to you? >> yeah. look, you know, we'll train you. we'll get it done. and we're going to give you a job that will be a job for life, right? and so, rather than looking at that snapshot of jobs report as a country, let's figure out how we create long term employment. liz: david, great to see you. you sure are lucky the journal keeps choosing the bara resort in santa barbara. david: even at the resorts they have pesky flies. i see you shoeing away the fly. liz: dave steiner, waste management ceo
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david: particularly for the jobs advice. appreciate it. liz: some big-name apparel companies could be running into trouble as u.s. track stars consider a strike. david: what? liz: details are next. david: also companies that make no money going public games about candy piece is silicon valley making a fool of us when it comes to investing? we'll debate that coming up. liz: when activist investors speak stocks move. we'll tell you who could be the next company on their target list. you could jump in and make money possibly. that's next. ♪
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david: if you're a letter man fan, listen up, david letterman is due to renounce his retirement plans tonight on his show at 11:30 on cbs he plans to retire in about a year. all the details of that should be coming up in a while. but he is going to be talking about it tonight at 11:30. of course he famously was passed over as johnny carson's replacement on nbc. he started his own show and did pretty well at cbs. liz: a long run. david: it has been a long run. 11 years. liz: we've heard a lot of talk about yet another tech bubble but that has not stopped investors from diving head first into the most popular and hyped-up stocks in the sector
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and from tracking every single new acquisition and ipo. are the stocks good long-term invests or is silicon valley making a fool out of you? david: a fool out of me? joining to us talk about whether some of the hottest tech companies are worth your money. david weidner, wall street columnist. you're in silicon valley now. i wonder if you need a bodyguard. this is not a great way to make your presence known in a new area, to say to all these guys, you've got fake companies. >> well i, as i said during the break i may be getting out of here pretty fast. it is very expensive to live here right now, david. david: they make it a little dangerous for you as well but have you gotten any feedback from this article? >> well, you know, i got a lot of feedback you might expect. i mean, you know, i don't understand it. i don't get it. this is innovation. we're talking about disruptions. we're talking about, you know, a lot of the stuff we heard basically 15 years ago during the last tech bubble.
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yeah, i've gotten some pushback on it but a lot of people remember what happened in 1999, 2000. when the bottom fell out and so you know, hey, thanks for reminding us about you know some of these companies and the risk involved. and when risk gets involved with hype. liz: we cover silicon valley very heavily here every year. i'm personally very familiar with a lot of these companies and your premise, names like, you thrown out, box, for example, oculus which was just acquired by facebook, billions of dollars. you talk about facebook and twitter, saying some of these companies basically make money through ads but when you have a billion users on facebook, david, i'm a little confused what you're talking about. why are you saying these companies are fooling us? >> well, i think the, i think the issue, especially with facebook, i don't want to knock that company. they have really, they have got the track record, since the ipo, they have shown earnings growth and in the end, investors, when
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you see the track record, they have proven it. they have gone out and held up their end of the bargain. where there may be issues with facebook, is the spending spree. going out and spending, you know, mark zuckerberg said after he bought instagram for a billion dollars, this was it. that was going to be it. we're two years and $22 billion later with his spending spree. and latest one is for this virtual realitity eyewear looks like you trapped a toaster to your head, that isn't for public consumption. it is still very much a proctct, a research and development product. that's a lot of money for something that may never actually reach people. so, my issue with facebook is the spending. it is not the company performance. yeah, they do have the money to spend but when a company is reaching that far in this environment, i think it should raise questions for investors. that is a lot of cash. david: may look like a toaster strapped to your head, but it's
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a real product, a real thing. i remember the dot-com era. there were a lot of companies that didn't have any kind of product. i'm thinking of pseudo.com which some of my friend got involved with which didn't have anything. these companies at least they're producing something. >> well, that may be true. i mean, but you need to look, as an investor you're taking a look at a market where there's a lot of risk involved. there is always a lot of risk with new startups and technology. when you build in hype, suddenly, that, the price of taking that risk gets very, very expensive. and it gets harder and harder to find something reasonably value. when you look at a company like box, that hasn't had, in two years has been spending, far more than it has taken in, they have some revenue but this is a company that lost money for two years. and the hype around this company, coming to market in a ipo right now, is very high. box doesn't really do anything
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that is really unique. they're a cloud computing company. they're aiming towards the corporate space but what they're suffering from right now the fact that there are so many tech companies out here trying to find employees they're having to spend a lot of money on labor, sales and marketing and it is absolutely killing their bottom line. you have to wonder how long a company like that can keep going and how long it's going to take for them to actually show a profit and follow the facebook story where the promise actually becomes reality and we see growing profits down the road. as an investor you have to really gauge that because it will come -- david: david, i'm just warning you, i'm just warning you, don't expect the welcome wagon to pull up to your door anytime soon. those silicon valley people are ticked i believe. liz: listen, an important warning to remind us all what happened in '99 and 2000. david, thank you so much. david: thanks, david. the long hot days of summer fast approaching and you might think
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of renting a beach house. if you want to be a neighbor of lloyd blankfein or jimmy fallon, it will cost you a lot of money. how much? we'll tell you coming up. liz: but you can do it. we'll take you live to the hamptons. you're looking at delicious ice cream cakes winging your way to you this summer. how you order them from the beach to come to your door or wherever you are. dunkin' brands ceo nigel travis on his baskin-robbins new effort. joins us for exclusive interview. i like the fox business logo. david: we can eat it? it. >> is edible. then we gave each person a ribbon to show how many years that amount might last. i was trying to, like, pull it a little further. [ woman ] got me to 70 years old. i'm going have to rethink this thing. it's hard to imagin how much we'll need for a retirement that could last 3years or mor so maybe we need to approach things dferently, if we want to be ready for a longer retirement.
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david: when activists investors speak investors listen and stocks tend to move. so who could be on the next list of activist shareholders? jpmorgan upgrading shares of monsanto saying quote, there is reasonable possibility of a activist appearance. they noted they didn't have any specific knowledge of any intentions. they rate it overweight with $125 price target saying they see opportunity for value creation including splitting up the company. liz? liz: david. instant cake ordering online. david: i'm for it. liz: now you can do it. you can eat it too and it is ice cream. baskin-robbins, the world's largest ice cream chain. you know how huge they are? 7300 stores worldwide. 2500 in the u.s. they are
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unveiling a platform that allows you to order a cake on the internet. the ice cream company has been struggling over the past few years so they came up with this idea. will the online platform be its recipe for success? here with us exclusively, dunkin brand ceo, nigel travis. you unveiled this online cake ordering. how have the orders been? talk about numbers and flow? >> we're pleased with the start of this. it will be something that we builds over time, liz. the great thing with this, we're giving to our consumers control of choosing their cake. we have large variety of cakes they can choose from. most of our cakes are actually made in store. so you can absolutely dictate the cake you want for birthday or celebration. this is the ultimate convenience play. we're excited about this. and for baskin, we think this is a brand new future for a brand nearly 70 years old. liz: okay. look at this on our screen. a fox business logo right on the
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cake. we love it. first of all, what is the website and can anybody order this, this customized lowing grow or whatever they want or just the basic cake such as this one here? >> no. we have a whole range of cakes. we can actually help you design your own cake. i must say i thought the fox business logo looked terrific. liz: gorgeous. >> when i saw it. and i think many other companies will think about doing that for the celebrations. but you go on the, online. and it is interesting. everyone talks about the speed of online but when i was in the pizza industry previously with online ordering where it was just gone ballistic, one of the things i learned is, online, on otherrerring on line can be peaceful, relaxed atmosphere to talk to your family and design the cake yourself. we think people will find this a much better experience. as you say you can taylor the cake for your perfect occasion. >> what kind of revenue are you looking at? this would add to baskin-robbins
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31 flavors bottom line? we had one in beverly hills growing up. nobody went to the fancy yogurt place, nigel. we always went to 31 flavors. it became a little bit after tired brand or trendy yogurt places but what kind of revenue can cake ordering online really add to this brand? >> to be honest, liz, we don't know. we think it will be spectacular and build steadily. cakes are a very important part of our franchisees margins. they obviously have cups and cones. they have beverages. but the real icing on the cake, excuse the pun, is, is the ice cream cake. now, of course at the same time we're still bringing out new flavors. this is the amazing "spider-man" player that we brought out this week. liz: i'm holding it right now. here it is. you can see why it is called the "amazing "spider-man"."
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all the colors of "spider-man", blue and red. >> we're focused on the franchising profitability. that is what i want to get over. we see the profitability of our stores increase year by year and dunkin' donuts and dunkin' brands we believe in franchise relationships and driving franchise e's bottom line and you do it by giving consumers new ideas and new flavors. it is just not 31 flavors at baskin-robbins. it is 1200 flavors we rotate in from time to time. i think we'll look back and say, this is a very important part of baskins robbins history. liz: you have outperformed your competitors out there when it comes to overall brands like starbucks is up 29%. you're up 32% year-over-year. krispy kreme up 24%. so you have done extraordinarily well. a real winner out there, nigel. great to see you. thank you so much. >> thank you very much, liz. liz: nigel travis, dunkin'
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brands ceo. david, i have only drink dunkin coffee. david: you drink dunkin coffee? liz: 31 flavors goes back to my heart. david: ask any kid worth their salt whether they have cake or ice cream cake? liz: hands down ice cream cake. david: are you looking to enjoy summers in the hamptons or wherever your vacation area is? how about paying hundreds of thousands of dollars for rental home with high-profile neighbors? we'll take you inside of a lavish estate with our own cheryl casone. liz: there are very hot properties in california as well. the most expensive home in l.a. has just been sold. david: is that yours? >> yeah, right. down the street. we'll tell you how much it went for and how it was paid for. ♪ (dad) well, we've been thinking about it and we're just not sure.
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(agent) i understand. (dad) we've never sold a house before. (agent) i'll walk you guys through every step. (dad) so if we sell, do you think we can swing it? (agent) i have the numbers right here and based on the comps that i've found, the timing is perfect. ...there's a lot of buyers for a house like yours. (dad) that's good to know. (mom) i'm so excited.
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liz: the hunt for the perfect summer rental is now in full swing. we're taking you on a tour of one of the 4578 tons, this is new york, one of the most exclusive enclaves. david: cheryl casone is inside of a hamptons home you can rent for, get this,5, $50,000. that is just for the summer, folks. she is playing pool down there.
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>> got it, yes. david: nice shot. >> what else, what else are you going to do when you're in the hamptons but of course play pool towards the end of the day. yes, $550,000 will get you this luxurious hamptons mansion. you can relax after a tough game of pool. there is the fireplace. you might want to watch fox tv. watch good stuff happening in the hamptons. it is big bucks up here in particular because wall street is back in full swing this year. all those bonuses that hit in 2013, those bonuses are now being spent up here in the hamptons. $12.9 million will get you this abode. earlier today we spoke to a listing agent from corcoran, tim davis, about the listing and we asked him who is buying in the hamptons? >> every year we get more and more foreign interests in the market. this is perfect example of a house, somebody can come to try
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out the hamptons experience in the best way thaw possibly can and decide if they want to buy. >> if you do decide to buy this mansion you do have a 1500 -- 1500 bottle, excuse me, wine cellar. i'm sure it costs a lot more than $1500. i will take the glass with me, after you had a nice glass of wine and play pool, you have a long day at the beach, you leave your wine cellar but what do you want to do? you want to relax and have a quick, you know, piece of entertainment in your movie theater. we're in the lower level of this sagaponik mansion. i will let you guys take it away as i relax with the fake glass of wine and watch television. liz: you belong there, cheryl. david: i wonder how much the taxes are for that place? probably 550,000. >> big, big if you buy it, david. david: cheryl, appreciate it. let's go "off the desk," the
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hamptons is not only place with expensive homes as list claim can tell you. los angeles mansion just changed hands for $102 million in cash. making it the most expensive residential sale ever recorded in southern california. actually, there has been a little more pricey stuff up in the north. 50,000 square foot home was on the market for seven years. the new owners reportedly one time junk-bond king, michael milkin. the house spanning 50,000 square feet. located right outside beverly hills. liz: we know him. let's ask if we can come over to say hi. david: i wouldn't mind. liz: also "off the desk," economy has hit one profession particularly hard, clowns. david: jeez. liz: there is national clown shortage with the profession declining by nearly 1/3 in the past decade. why the decline? david: because they're scary! liz: top-performing circus clowns can rake in up to 200,000 buck as year.
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most clowns pull in as little as $15. david: i still have nightmares. number one thing to watch of course is the jobs number. 200,000 is what they were saying early. now they're saying maybe it is higher than. liz: we'll see you tomorrow so ally bank really has no hidden fees on savings accounts? that's right, no hidd fees. it's just that i'm worried about, you know, "hidden things." ok, why's that? well uhhh... surprise!!!
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um... well, it's true. at ally there are no hidden fees. not one. that's nice. no hidden fees, no worries. ally bank. your money needs an ally. gunderman group is growing. getting in a groove. growth is gratifying. goal is to grow. gotta get greater growth. growth? growth. i just talked to ups. they've got a lot of great ideas. like smart pick ups. they'll only show up when you print a label and it's automatic. we save time and money. time? money? time and money. awesome. awesome! awesome! awesome! awesome! awesome! awesome! awesome! (all) awesome! i love logistics. ♪
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...work with equity experts... who work with regional experts... that's when expertise happens. mfs. because there is no expertise without collaboration. gerri: hello, everybody, i'm gerri willis. right now on "the willis report," congress messing with our taxes. are lawmakers fail once again to accomplish the most bates i can of functions. also the ceo of toyota of north america is here. he will give us his take on the economy, the launch of the new camry and issue of car recalls. pull out your mortgage statement because we're looking at a few things that could be costing you big money. we're watching out for you on "the willis report." gerri: it's a critical jobs report we'll get tomorrow. the latest monthly employment number of and there will be no blaming the cold and stormy weather. this report will really count. it
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