tv After the Bell FOX Business April 7, 2014 4:00pm-5:01pm EDT
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>> also was trading into the bubble we will see them pullback again today. [closing bell ringing] david: to stocks that did do quite well a lot of money some that has been around awhile. i am is up significantly. liz: it was the tough day for liam cent. david: all other indices will be below the 1% marco above 1% loss but what is being hit the hardest? the russell 2000 that goes across the board. that goes into the bigger names stocks when the russell 2000 aside add up to that. liz: must talk about names. pfizer's stock is trading
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lower after early stage test results of the new breast cancer drug it is well into trials but fell short of the sky-high expectations. david: sun pharmaceuticals by a is a rifle valued at 3.$2 billion excluding dead makes it the fifth biggest generic drug company in the world. liz: stocks are surging with an 18% today. it is being acquired by the irish company at 5.$6 billion. kress store is lucrative. david: all the irish company's. shares of the private equity led by larry fink fell after the company announced admit to reshuffle. they will remain with the firm for years to come. liz: credit suisse could have a new investigation into how would helped wealthy americans avoided
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paying u.s. taxes. new york state offered its regulator has requested documents. david: reuters reports of the sec has formed a special group to reexamine private equity and hedge funds after the 2010 law on regulating wall street. of very busy day. after the bell starts right now. liz: we enacts near lows for the sessions. to tell us why we're still in double market for the next two years. stiefel nicholas management director with the exchange traded funds and life that the nasdaq in the pits of the cme right before the
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3:00 p.m. eastern hour we thought the market would make us go. we have turned back but it did not happen that way. what happened? >> the last few minutes we heard a lot of noise on this hillside. talking for weeks about the bids not coming until the end of the day and it doesn't bode well for the short term but there is some silver lining we can talk about. this is a good thing when you consider when those companies have or the bar. i'd like to see the sell-off before the numbers come out because a lot of people fled in their position. david: i know two of them. david, you like it when there is a sell-off because you can put more money into the market but talk the
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bears of the alleged. >> but the biggest problem we have seen for the bears this is more to the project with the hedge funds. just like biotech the facebook or torture of the world at the same time you have names like ibm and until id rally mode because those social media names were very crowded with a hedge fund community and raising capital to invest to short the ibm or intel. that is the interesting rotation. liz: you, our press when you said a bull market for the next two years? >> we see this as a short-term pullback a lot of investors are concerned about the economy not being strong enough to withstand
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the up coming rate hikes. it is not the direction of rates but rather the level of interest rates. they came to an end when the treasury yield cable off the growth rate and that 2.7% it will take at least two years to reach level where it is problematic to choke off growth. we would view this as a buying opportunity. david: now talking about specific stocks on the nasdaq. it did recover and ended 1.2% but until and ibm had a good day. do we see them move away from the high data stocks to the old staples like ibm and intel? limit yes. looking at the big winners of the day these stocks are
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doing relatively well but then let's get the draggers liberty. dish, activation, all lot of tax stocks but then look at the every covering stocks ending mostly in the green. facebook would slip into the green also netflix costco and vodophone favor of recovering to the end. and the nasdaq dropped again a little bit at the end but they bush amir that defect. liz: the nasdaq is suffering the worst three day run since 2011 that brings us back to bob. where was the safe haven? i believe copper was so caput energy was not to a hiding place.
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>> no. this is a good thing i will stay bullish for this year. we have the sell-off long before the cell in make go away crowd comes if people are in cash and summer bowls around if we get a weather rebound that people are expecting, a crude-oil on this trajectory it has been falling with russia and crimea to dying down. that is good. it will go five or $10 lower over 12 for 18 months ended that sustains that is a 25 basis points of global gdp. it is a big gift of very good for the market. david: we begin earnings season with the financials. people say they will be off. that it does not meet expectations like goldman? why now? what about the rest of the
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financials? >> if we manage money for our clients we looked out so they are very attractive. gold and the capital markets look good to the fact m&a activity is picking up over the course of the next few years. one of the core investment teams that corporations have a lot of cash on the balance sheet sandy to upgrade technology is they have done very little with capital spending and they need to finance that. financials in general look great but the capital market i think is the best area of the financial sector. liz: you have to exchange traded funds one of them is biotech. of happened to do really well today.
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of talk about something you really like but the nasdaq biotech is up two-thirds of a percent. >> sentiment is terrible and the biotech space for some time that is the first group to crack when congress said they would look at this. but while it was contrary and is this short interest is set the all-time high right now. liz: that is the warren buffet move to go in when people are scared to. >> absolutely. you mentioned the dividend etf. emerging markets is not something we have talked about but emerging-market saw one of the lowest ratings on record that has been up 10 out of 11 sessions taking up the tremendous amount of flows.
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the money stays in the market but unfortunately for the nasdaq get runs for the hills at this point. david: a terrific excitement everybody is so excited about the opportunity. finally. thank you very much. liz: baby boomers. david: why did you look at the? liz: i think that was looking in the mirror. i caught the last year. we're aging fast creating huge opportunities with medical of real-estate. how do you get a piece of the pie? this is a company that was a health care trust on the nasdaq today. david: defying the odds most restaurants fail but behind the extremely successful apple these restaurants may
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your money needs an ally. liz: disappointing online subscriber numbers. david: let's go back to nicole petallides at new york stock exchange. >> this is like the on-line video that it turns out 667,000 was us a disappointment there were high hopes for the market closer at 1 million. with that you see the numbers that are disappointment this stock is down 15%. certainly there has been enthusiasm with this stock over the last year it is up to 90%. with a beautiful run up but is the test day despite the beautiful run up with the
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nice 2014 as well. david: the futures are closing in 10 seconds. down to the pits of the of chicago mercantile exchange. >> you can hear the noise behind to be accelerating something investors looked at with the broad picture. we reached february those now we can go along to the bull market. liz: people should listen to him he is often right on the money. the u.s. population over the age of 65 will double by the year 2015 and insured patients increasing. former medical offices and operations will climb. how will the industry benefit? american realty capital health care trust earlier today it is different from
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the ipo. it did fall but the overall greets is up 10% so faulkner joining me now is chairman and ceo dick. good to have you so let's explained the difference between a listing and the ipo. >> we listed which means we began trading. we already had 35,000 investors with 180 million shares in their hands so today the became liquid it began trading. so we opened at $10.50 and closed at $10.55. david: medical discussion is hot right now. why is advisable to a potential investor? >> it is newly created reit most of the assets are less
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than 10 years old most assets word of the created as the aging population is booming. medical office come on campus and assisted living. mostly because air is more 85 barrels every day. liz: that is the baby boomer issue. coming home to roost as people are aging but living longer they indeed the operation.
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how do you avoid the obamacare issue? doesn't insurance have to pay? >> many cases it is paid by the provider. depending on the health care system you are paid as well as insurance. the other side the seniors is becoming the residential business people are moving into the senior community take them through assisted living through full care. david: real-estate investment trust said timothy average of these is 12 years and they redo. liz: that is why reit is popular is there a dividend? >> $0.16 per share about 6.5 liz: that is really good. >> and it is tax-deferred with depreciation.
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it is of value. a lot of times the same people using hospitals are the clients that by the reit liz: what about a trend with the economy that weakens here and there? there is body enough money to pay for the assistant living operation. >> that is live with the get the net lease properties operated by a facility from us and they're responsible for the event so recovers ebbs and flows and others are operated from those we pay. liz: what is a plan to add more property? >> there is a lot of movement with that and a market where the hospitals want to repatriate capital to expand their systems so they sold the acute-care to use that money to build on
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to the hospital itself. it is almost fennecs era of them in a. it is on the balance sheet like amazon or cvs or walgreen's. ball hospitals are moving the assets off so this is not a short-term transaction we look at this decades to come. the growth is there. liz: a tough day. maybe another day. >> not really. it was nice for us to show the durability of first day trading 1.5 million we close up $0.5 with great volume. the institutions rallied as well. liz: it takes the price of the tender.
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good to see you. david: baptism by fire. of good way to begin. the new earnings season kicking off tomorrow olivetti expectations at their lowest level. why is that? who are the expected winners and losers? we will talk to atop a number cruncher with the prediction was 90 percent accurate. one of the biggest days of the ice-cream business running on massive giveaway they will tell us all about it how it will boost his brand. stay with us. ♪
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jetblue came in second out of the 15 airlines studied in the report. and tyson foods has issued a recall of more than 75,000 pounds of frozen chicken nugget products due to complaints that small pieces of plastic and ore other, quote, extraneous materials were found in that meat. and that's today's speed read. liz: virgin america launched when we did. dave: we love it. liz: first quarter earnings season kicking off this season, so what's ahead for investors? we have tree -- three names that could beat and three that could miss. david: joining us know, thomson reuters senior research analyst, and he just always gets it -- not always, but 90% ain't bad. >> thank you. david: first of all, the lowest expectations in three years? i'm just wondering if expectations have gotten a little too low, that is, it'll be with easy to beat. >> it's been a trend for the
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last few quarters. but these lowered expectations are actually the lowest we've seen in a long time. so financials, they've seen a negative growth rate of 2.7%, mortgage rates are higher, they're not seeing as much business in that front, so they're really dragging down the growth rates -- liz: but a large number of s&p companies that have guided have guided below wall street estimates regardless of whether they're financials. >> it's continued to remain brutal. for every one company that's raised their estimate, six have lowered. so we still are seeing a really large negative sentiments with the companies. it looks like they're not that positive about the next quarter. david: all right. but some people, in fact, it's going to be a great earnings season for telecom? >> they're the best sector right now, and they're expected to do fantastic in the next quarter, and that's partly because of the comparisons from last year. they didn't do too well last year in this quarter, so that's going to help them. liz: what other sectors are you
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believing? believing in? >> one is utilities. when you see this polar vortex, people increase their heatings, which means utility companies are going to benefit from the weather phenomenon be we've seen in the last couple -- david: okay. we've got a minute and a half, and i'm going to do the best and liz can do the worst. or we could do the other way around. but the ones to beat, hyatt hotel and gilead is going to beat. >> yeah. one of your guests just talked about the biotech sector not doing that great in the last couple of months. gilead underperformed over the last two months. david: tech has been killed. >> you don't want to throw the baby out with the bath water. gilead has strong cash flows. we're seeing a bold estimate -- david: wow. so if you're looking for a beaten-down stock in a beaten-down sector -- >> gilead. liz: i've warned people, all facebook has to do is beat by
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half a penny or who knows what, and you could see that stock really move. >> exactly. and, of course, everyone's talking about the huge investment we've made. just think -- liz: the 3-d headset company that they just bought. >> and in the last three quarters, free cash flow more than covers that acquisition. so it's not like they made this huge investment their size of company. liz: let's flip to the flee cheap -- three companies you believe will miss, archer daniels midland, u.s. steel corp.. why? >> guest: weather. archer daniels midland processes these farm products. so when farmers don't send them products, there's not much to store or transport. david: by the way, why continental among all the airlines? we just mentioned that virgin is doing well. >> right. and you did your speed read, and united wasn't one of those companies mentioned in your speed read. of course, being affected by thewet, they've got -- weather, they've got hubs in chicago,
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cleveland, new york, washington, d.c., all them being hit by the weather. david: weather, weather, weather. liz: we're going to put all the numbers and thoughts and concepts right up on facebook dock very much afterthehell. david: if you want to beat this guy, you've got to get percent than 90%. liz: thank you so much. david: well, if you can't take the heat, get out of the kitchen. coming up, we're going to be interviewing one man in the restaurant business who can definitely take the heat. we're going to tell you about his growing businesses and where specifically and who he's hiring right now. you'll want to stick around for this. liz: if you find yourself in need of a sweet treat tomorrow after a stock market day, one well known ice cream company wants to give you a cone for free. up next, we set down with the brand's ceo in a fox business exclusive to get the inside scoop on sales, future plans and more.
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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. why relocating manufacturingpany to upstate new york?
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i tell people it's for the climate. the conditions in new york state are great for business. new york is ranked #2 in the nation for new private sector job creation. and now it's even better because they've introduced startup new york - dozens of tax-free zones where businesses pay no taxes for ten years. you'll get a warm welcome in the new new york. see if your business qualifies at startupny.com those litt cialis tadalafil for daily use helps you be ready anytime the moment is right. cialis is also the only daily ed tablet helpsapproved to treattime the msymptoms of bph, like needing to go freently. tell yr doctor about all your medical conditions and medicines, and ask if your heart is healthenough for sex. do not take cialis if youtake , as it may cause an unsafe drop in blood pressure. do not drinklcohol in excess. side effects may include headac, upset stomach, delayed baache or muscle ache. to avoid long-term injury,gety if you have any sudden decrease or loss in hearing or vision,
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or any allergic reactions like rash, hives, swelling of the lips, tongue or throat, or difficulty breaing or swallowing, op taking cialis and get mecal help right away. ask your doctor about cialis for daily use and a free 30-tablet trial. david: folks, the only thing better thn ice cream is free ice cream! [laughter] tomorrow you can can to. ben and jerry's is going to be celebrating its annual free cone
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day worldwide, hoping to scoop out more than a million cones just in the u.s. liz: but that's not all. ben and jerry's recently rolled out a line of core ice cream flavors, new ones. it's beginning its largest u.k. advertising campaign ever. joining us now is ben and jerry's ceo. we have the new flavors on our desk here, we love these names. david: oh, wait, it is yours. liz: listen, either way. wait -- david: we've already chosen. liz: hazed and confused, salted caramel, that's my jam. these are amazing. but this cracks me up, hazed and confused. let's talk about these. david's going to mow right in there. [laughter] but you're celebrating your 5th annual -- 35th annual free cone day. what does this do for your brand? >> well, you know, yeah. it's an amazing story when you think it started in a little gas station in burlington, vermont, and today we will kick off in
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australia and go right around the world and end up in hawaii, and, yeah, a million cones in -- a million scoops in the u.s. and about a million and a half worldwide. and we actually try not to think about what it does for the brand. we like to think about what it does for the commitment. and, you know, this is our way of just giving back. there are no strings attached, there are no conditions. you can get in line as often as you want, you can eat as much as you want. but, obviously, it's just a great, fun day, you know? as you said, nothing beats free ben and jerry's. david: now, obviously, you're neither ben, nor jerry. a lot of people may be wondering whether you're from norway which, by the way, the sculpture park, it's a beautiful country, the best in the world. but how did you get involved? i know unilever bought it in the early 2000s, and i'm wondering to what extent ben and jerry still have any play at all in the organization?
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>> you know, yes. this was a really revolutionary acquisition agreement that actually gave an independent board of directors the control over the social mission, the integrity of the brand and a whole host of policy issues. so this has really kept ben and jerry's at its roots. and the two founderre verery much involved. not in day-to-day business making which is good, i make the decisions, but they're very engaged around the causes that we get involved with, the campaigns that we do, etc. so, no, they're very much part of the family still. liz: well, i really want, i want you to take a tight shot if we can of the this. this is a chunk of melted caramel. oh, my god! this is salted caramel too. okay, hello. let's talk about the competition coming from the yogurt chains that are out there. my kids now they say let's go to
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16 handles or pink berry, but if there happens to be a ben and jerry's in ingle wood, new jersey, that we go to a lot, but how do you battle against that as a competitor? >> yeah. there's a lot going on in that sort of, you know, have a treat, sweet treat arena. you've got haggen das, the pink berries. we very much try to keep doing what we do and what we do well which is to identify trends early on, to bring them to pints. you know, we did bring out greek yogurt who with two years ago, is and in this year, of course, it's back to that overindulgent, you know, all-on. there's stuff that we call chunk surfing where people go digging in the pints looking for the chunks, and now you have that opportunity to do that with a core.
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david: that's both of us, by the way. by the way, you might be surprised to hear, folks out there, that colder place -- because it's been such a nasty, cold winter, cooler environments sell more ice cream than warmer environments, go figure. i just want to ask one thing that we have been doing right here at fox business is trying to find out whether, where people are hiring. i know you guys had to downsize once unilever came over, but are you now hiring, and what kind of jobs do you need filling? >> yeah. we have been hiring for the last year this manufacturing -- in manufacturing where we keep growing. we till make 80% of our -- still make 80% of our product in vermont, and we have a manufacturing unit out on the west coast which is part of a unilever factory. so we've been hiring in manufacturing, and what we're seeing is a switch maybe from more low-tech jobs, simple jobs,
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you know, to managing more complex machinery. but we're sort of, you know, my aim is not large numbers but till keep adding jobs. -- still keep adding jobs. liz: david and i will be tasters. we'll be happy. david: you weren't supposed to come at me right when i was eating. [laughter] the director loves those shots. thank you very much for coming. continued success to you, and have a great day giving away all that ice cream tomorrow. liz: free cone day. thank you. >> we look forward to seeing you there tomorrow. david: we'll be there. thank you very much. liz: from ice cream to leather. leather lovers beware. from leather slews to some of your -- shoes to some of your favorite handbags, prices are surging. coming up, how much higher they could go. david: and take a look at in this. look familiar? there are 38 applebee's in the new york pet row area 'em -- metro area employing about 3,000 people. we're going to be talking to the pet row chairman and ceo on how
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why relocating manufacturingpany to upstate new york? i tell people it's for the climate. the conditions in new york state are great for business. new york is ranked #2 in the nation for new private sector job creation. and now it's even better because they've introduced startup new york - dozens of tax-free zones where businesses pay no taxes for ten years. you'll get a warm welcome in the new new york. see if your business qualifies at startupny.com are we still on for tomorrow? tomorrow. tomorrow is full of promise. we can come back tomorrrow. and we promise to keep it that way. csx. how tomorrow moves. what a day. can't wait til tomorrow. david: the restaurant business is alwaa struggle with far more restaurants failing than succeeding, but our next guest has defied the odds, finding a
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middle class niche in new york. apple metro chairman and ceo owns 38 applebee's and has succeeded despite some serious speed bumps. it's always a pleasure to see you again. by the way, you shook lightly because you just -- this guy boxes like crazy. he just had a replaced knuckle. okay, let's talk about minimum wage first because the president is up on hiking the-in mum wage, in fact -- the minimum wage, in fact, he spoke about it recently. >> i issued an executive order that requires federal contractors, folks who are doing business the government, to pay their employees on new contracts a tear wage of at least $10.10 an hour. [cheers and applause] it's the right thing to do. david: now, so far that's just federal workers, but what happens if that becomes nationwide to your business specifically? >> well, our business specifically, unless congress passes it, obviously, i don't think it impacts us. we as a company, as you said in
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the intro, are doing well. maybe 3-5% of our people are at minimum wage. david: so 3-5%, that's all that receive $7.25? >> because minimum wage is entry level. it gets you in the door to get on the highway of life. you shouldn't want to be comfortable with minimum wage. david: and let's face it, this is a diverse country. detroit, i think the cost of living's about $30,000, here it's about twice that, so about $65,000. so you shouldn't have the same -- one size does not fit all, right? >> it's a bigger disparity in pueblo, new mexico, it's even less than the city of detroit. david: so bottom line, it won't affect the restauranteur in new york -- >> i didn't say that. it wouldn't affect us. we have lots of headwinds coming now in '14 and '15; commodities prices, the weather increased the cost of cattle, raising cattle, beef, all the cheeses have doubled, tripled --
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david: wow. how does that affect your bottom line? >> it all impacts. we have to navigate through that. but there are tons of guys out there, well, quiz know's just -- quiznos just filed for bankruptcy, sbarro filed for bankruptcy. my concern is about the overall economy because the thing that people aren't really recognizing is if minimum wage went to $10, where's the guy that -- what does the guy that makes 11, 12, 13, 14 want? does he stay at $2 difference from where he was $6 no. it all raises proportionately, and this fragile economy, i don't believe, handles it. david: how are you shifting things around to adjust to food be inflation? >> well, we just focus on the things that are really critical, waste, not having to make things over twice. all the kinds of things that you run into when you prepare fresh food. you run into issues. so we just manage the heck out of it and try and hydromanage
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our restaurants on -- micromanage our restaurants. labor is a major issue. talk about minimum wage, we have a percentage that we have to hit our general managers are responsible for at each restaurant. all of a sudden there's a 40% increase in labor? where do you recover? david: well, jobs are percent to us, too, and one thing we've been trying to do is give folks an idea of what kind of jobs are available. again, people watching may not be in need of a job, but maybe their sons, daughters and friends do. i have an e-mail, and somebody saw you on tv talking about jobs, and they wrote in saying we're stuck here in new york, there are no jobs around. do you have -- >> corny, new york. david: you're involved in the oil bit, whaps? >> they called he, and i said there were plenty of jobs in the oil patch. i gave them a number, they called kurt who's our heads up at the energy operation. he said come on out -- david: an oil servicing company. >> we do everything to make the rigs work; mud, mixing tanks,
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all sorts of centrifuges -- david: so this guy was just in the wrong place. so if you're willing to pick up and move to the jobs, you can find them. >> david, everybody could be rocky. everybody gets that opportunity. david: by the way, this guy's the producer of the new -- >> co-producer. david: -- rocky, which is why you were promoting that. >> no, but i'm not promoting it. the truth is we all get an opportunity in life. do you seize it, or do you say i'm comfortable now where i am? david: okay. they're giving me a wrap, but bottom line, what are the jobs available in applebee's right now? >> well, vir culley everything from managers to servers to cooks, you name it. david: do they e-mail you to get this touch with you? >> they definitely can. david: so what's the e-mail? apple metro.com. call my bluff. david: i put him on the spot, and he rose to the occasion. liz? liz: okay, thank you so much. fashionistas, pay attention. the cost of leather goods, meaning everything from shoes to bag withs, is on the rise.
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we go lye to a leather goods -- live to a leather goods manufacturer in milwaukee to find out which products will be affected the most. and forget about snakes in a plane, how about spiders in a car. it's no laughing matter for one major automaker recalling tens of thousands of vehicles due to an issue potentially with spiders. details when we take you off the desk. ♪ ♪ ♪ [ male announcer ] how could switchgrass in argentina, change engineering in dubai, aluminum production in south africa, and the aerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing.
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liz: if you haven't noticed yet, you soon will. demand for leather surging among automakers and throughout developing countries like india and china, but supply is down. david: which means the price goes up. executives don't see the top of the market coming anytime soon. our own jeff flock is at a leather manufacturer, ari hoffman -- harry hoffman, in milwaukee, wisconsin. they must be happy about the prices. >> reporter: well, you know, they are because they make stuff to take care of your leather. this is a production line that makes leather lotion, and i tell you, take a look at cattle prices. we only talk about this with regard to beef, but think about the hide. cattle prices, the trend is up, and leather, lorraine hoffman, is at the highest level, the
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hide price, that it's been with ever in history. >> it's incredible. i didn't realize that until, you know -- but i believed it because i was reading about the beef prices and, of course, it's the same cows. >> reporter: exactly. take a look at what they make here, you are noticing people take better care of leather. once we get past the prices, the cattle herd is at its smallest level that it's been in 63 years. >> right. >> reporter: and we are now exporting. take a look at the exports on this. we are exporting in the first three months of the year 300,000 hides to china, 100,000 to south korea and to taiwan. but you say people because of these higher prices are taking better care. >> i think so. you know, they have to because the prices, you know, in order to keep, maintain their leather and do what they need to use a number of our products, and we've seen the increase in our sales. >> reporter: i was going to say, this is a fine leather lotion i've got here. this is a marvelous company.
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lorraine's father founded this company in 19 -- >> 50, 51. >> reporter: and it's been going strong ever since. a lot of the machines they've used since then. fascinating place. leather, look out, liz, that gucci bag is going crazy. liz: you just hit me where it hurts. david: even if leather comes down, it'll still be -- is that cheap, 3,000? liz: that's not cheap, but it's middle of the road. [laughter] david: mazda's having an insect problem. this time the automaker's recalling more than 40,000 cars. we're going to tell you why spiders are a huge risk and if your call is on the recall list. that's next. liz: plus, fans of the video game tetris set a new record. we have the details on that when we take you off the desk. ♪ ♪
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david: it is time to go off the desk. a philadelphia skyscraper hosted the world's largest game of tetris. probably the world's largest video game overall on saturday a team led by a drexel university science instructor hacked into the building, i love this, created a larger than life game for philly's tech week. good stuff. liz: also, mazda recalling 42,000 mazda 6 sedans because of a fire risk that could be caused by spiders? there have been nine reported incidents of cracked fuel tanks in 2010-2012 models that could be tied to the yellow sac spider. mazda, which recalled 52,000 vehicles for the same issue three years ago, will install new software. what does that do to the spiders? david: well, we asked you with stocks moving into the red again today, do you think now is the time to put money to work? matt on facebook wrote in to say: always put money to work. that's your line too.
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liz: dollar cost averaging, why not? number one thing to watch tomorrow, optimist index. very important, as we know. david: not to mention the markets, we'll be watching those. "the willis report" is next. ♪ tracy: hey, everyone, i'm tracy burns in for gerri willis right now on the "the willis report." the board of gm lawyer up in the wake of the recall scandal, so will executives be taking perp walks? also to have and to hold, the diamond ring, that is. a supreme court judge rules for a jilted fiance. and students sick of school lunches are telling first lady i michelle obama exactly what they think. it's all coming up on "the willis report." so today's the day. gm owners started getting repairs to their recalled cars, nearly three million of them. the repairs are expected to take at least a couple of months, but that's going to be the least of gm's problems, because
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