tv MONEY With Melissa Francis FOX Business April 15, 2014 2:00pm-3:01pm EDT
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elon musk falling back to earth. tesla shares getting hammered. spacex calling off the lanelatest launch to the international space station. we're live at the new york auto show as well. ford's ceo, joe heinrich, on what it is doing differently in the wake of competitor gm's massive recall. say it's not it is always about money. melissa: today's the day. google glass is available for anyone to purchase for one day only with onely a few hours left, should you buy it? here to break it down are tech experts. we have shelly palmer and pete pashal. they're wearing their google glass and joining from us sacramento is bfp vision care's president. they have a deal with google to provide insurance coverage for people purchasing google glass. welcome, gentlemen. so, i, trying to set aside that
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they're fabulous. >> thank you. melissa: i'm not sure if we walked into a bar i would necessarily come up and talk to either of you, no offense. saying that aside, what is behind the idea of them selling for one day only do you think? is it about testing demand? is it about short supply? what do you think? >> first of all google glass has nothing to do with the product. ed idea they're selling to anybody for any reason ever is kind of awesome. allows people who think they want to see into the future, it will allow them to buy their way into the club. melissa: i don't understand a single thing you just said. >> here's the deal. this is not a product. this is way to see the future. melissa: it is a conduit. >> an sense 7 ancestral dna for wearable will be. you will need anticipatory computing and all cool stuff. melissa: you're telling me not to bother buying this because it's a prototype? >> correct. melissa: okay. >> i think google glass has a certain amount of applicability to every day life. i think effort here on google is
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do a little b bit off pr because they have had some bad ambassadors lately for glass sort of getting the product negative. melissa: do you feel you're good ambassadors for the glass sitting here right now? i can't help it. >> people who where google glass in public, glass holes. melissa: i'm not sure you're allowed to say that in public. >> i'm not sure either. the creep factor is so amazingly high. right? i can take a picture winging my eye. make a video. you have to be a very good actor. melissa: if you're walking down the street, people steer clear of you. you could be taking a video of me. >> no, some people won't steer clear. most people are excited about google glass and very curious bit. melissa: okay. >> there is the first question, most people ask, are you recording me? melissa: right. >> this is -- melissa: that is where the creep factor comes in. jim, let me ask you. a problem in san francisco of people getting attacked wearing these. this is epicenter we're seeing battle between the 99% and 1% explode.
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you provide insurance for these devices. how mamanyny p peoeoplple e havp for it and are you getting a lot of claims? >> yes. we've actually had over a few hundred pairs of google glass cut with their prescription lenses. i think as those gentlemen mentioned earlier, we're at a very early stages of this. people are using this technology to learn. and for us what is really important about this is health assurance part of it. we've trained 2500 doctors how to probably fit glass. they're glass preferred providers you find on vsp.com. my suggestion anybody looking to get involved and really start using the device, find a glass preferred provider to help. melissa: i didn't hear how many insurance policies have you sold? has anyone issued claims? i'm just curious. >> we have 65 million americans. one in five americans are covered by vsp -- melissa: but 65 million people haven't bought google glass. can you tell me how many people
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have google glass insurance. >> we had over 400 claims have been processed and lenses processed in our labs. melissa: has anyone come back to say they have been broken and they have wanted, they wanted to get their money back or want ad new pair or however you do it? >> no. we haven't heard of any feedback like that. more about the excitement of what to do with it. melissa: they don't break? >> they're made of titanium. you can bang them around and do all kinds of craziness. this is, it is a view into the future. if you want to get involved you really should. melissa: yeah. >> i'm a little tongue-in-cheek because they're kind of funny but you learn so much what you will and won't be able to do. melissa: why not have it attached to your regular glasses? why not have a pair. >> they sold out regular glasses day on the liz and i can't get them. i want them. melissa: thanks to you guys. let's go up a little bit. let's check on the markets right now. turning into the green right now. you can see the nasdaq show is still, it is still in the red.
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but the dow is completely turned around. who are we going to? scott shellady at cme. scott, are you with us? what is going on with this market. >> i'm here. oh, sorry. we, well we've seen the market selloff obviously and we see the 10-year which is the truth serum. too much emotion going on in the stock market. i've got other customers looking at 10-year. it is telling us we have more to worry about. we have russia u.k. headlines. revert back to the one week, friday jobs number. bad pmi numbers and bad chinese numbers coming last week early. then the market lost its mind with the five-year auction in greece at 4.95%. maybe eight times oversubscribed. that is when i think the market really lost its bottle and we started to fall a bit and we haven't really gotten our feet since. we'll continue to trade like this, looking for a reason to go lower just like last year we were looking for a reason to go
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higher. melissa: okay, but scott, i understand that theme overall, right now it looks like the dow has turned around. do you know what is behind this move? >> well, because, this is going to keep happening, all right? but the trend is going to be to the downside. we're going to have more money come in because we've got a ton of cash on the sidelines but ultimately we're going to see either the economy catch up to asset prices or asset prices come down to the economy. warren buffett's barometer is total market cap versus gdp. we need to see some growth to continue to support equity prices. that's it. we might get it. a lot of folks think we'll have 3, 4% gdp i think they're crazy. i think gdp will be around two. that is what we're fighting here and money is coming back to bottom pick these stocks. melissa: a lot of movers. scott shell lady, thanks so much. to smartphones where apple is embracing the model go big or go home. leaked photos allegedly of iphone 6 reveal a much larger
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screen for the tech model. let's bring our tension experts back in shelly and pete. pete, you still have the google -- >> do we have to? melissa: you absolutely do not have to. it would make it easier for me to take you seriously without them. there was leaked memo where apple was internally saving to itself, customers want what we don't have, a bigger screen and cheaper device. this is bigger. do you think till will be cheaper? >> no. >> no. melissa: no. is this pa good answer? >> well, this is apple basically following where the market is going for a while. all the competitors put out phones with larger screens. five inches is really kind of about the norm now. by all reports that is about what apple is going towards. although they will have smaller model go alongside for the more traditional people, people like to operate the phone with one hand. melissa: apple has 30% of the global market. samsung has 33.
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>> this is galaxy s4 and s5 is about the same size. this is what everybody wants. apple knows it. they are having a little trouble with the screens. having a lot of trouble with the screens. melissa: trouble in what ways? >> not able to make the glass covering they want to make it. it may be made out of sapphire as opposed to gorilla glass. melissa: that sound fabulous. >> that is fabulous but the problem they don't have it. talking about a 4.7-inch screen which is just a bigger. they need five inch, six-inch. melissa: people really want giant phones? that doesn't fit into my little handbag when i go out. the what about pocket is it a problem. >> the phone replace what is your tablet does. you have everything device. smaller screen inherently lends itself to worse experience with netflix and that kind of thing. what they find in parts of asia, people use these fab lets, big phones. melissa: sound like you're saying this is the not innovation apple needs? >> for all that said, for this show it is important not to the
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understate this, the only phone launch this year anyone will talk about is the iphone 6. melissa: okay, that's true. >> so whatever that means to the market, that is all anyone will talk about. >> apple need to create or enter a new category whatsoever. melissa: guys, thank you very much. yahoo! turn around attempts stuck in neutral. investors growing impatient for marisa mayer's shopping free. what you need to learn from yahoo! after the bell. ge's ceo jeff immelt may be out sooner than expected. more "money" coming up. ♪ peacof mind is important when you're running a successful business.
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melissa: might be the dawn of a new ceo. ge chief jeff immelt is reportedly considering stepping down prior top his expected 20-year tenure. is the age of a career ceo coming to an end? here now, fox business's own charlie gasparino and elizabeth macdonald and "barron's" senior editor jack hough. what do you think about this? sort of leading man, headline
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ceo that was there, jack welch. >> jack's successor. melissa: are the big headline guys, is that day over? >> well, let's point out his 20-year alleged tenure he is supposed to have was always kind of squishy. they were always dancing around whether he would be there for 20 years. they were never, they never said specifically he will definitely be there 20 years. i spoke to jamie dimon about this sort of issue, whether ceos get burnt out faster, given everything else that is going on? melissa: yeah. >> i think this is latest line. this is symptom going on for a long time. average lifespan after ceo has been cut dramatically for a lot of reasons, inincluding the fact if you run a big coopany, you have government on your back 24 hours a day. >> to charlie's point, i saw one study average term is five or seven years. melissa: is turnover good. >> ge is now at 25.
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same when jack welch stepped down in 2001. it was hovering around that range. >> in his defense, there is no such thing, no such such thing as a term for ceo. this is not a senator. he works until he can no longer do the job well or until he doesn't want to be there. >> isn't he not doing the job well? >> the stock underperformed. >> put knit context. i know jack. i know jeff. i guess, full disclosure i'm closer to jack than jeff, but, but he inherited -- melissa: way to throw names around. >> he inherited not a easy situation. he inherited ge following the internet bubble when a lot of froth was out of the stock and it is tough to make money. he has done well financially. melissa: he inherited ge capital, right? that black box which is systematically financially risky bank respectively. melissa: these are the stats i was thinking of. since he took over. this is jeff immelt's biggest problem. the stock is down 37%.
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the rest of the s&p is up 65%. in his case a lot of nbc lifers are very sad where the stock has been. >> went down to 8 during the financial crisis. almost went out of business during the financial crisis. >> to your point is the age of the career ceo over? i think it is over for some time. melissa: hang on a second. we have to move on to the other top i can we were talking about here, tesla. it is a rocky week for the elon musk. could the "iron man" lose his financial touch. why does that make you laugh? >> his stock is 100 times earnings. that is the mark of a man losing his touch. tesla may be coming down from sky-high valuations. this is one of the brightest guys of our generation. he is not losing his touch. melissa: spacex trying to launch yesterday. another launch getting scrapped. not every ceos that to lawn of the rockets. >> like delivering pizza to the moon. is a hard job. >> mae be reaching for the moon with the gigafactory. even panasonic, supplier to tesla is backing off that i love
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the headlines in "barron's," final frontier, profit for tesla. melissa: let me try to bring the conversation full circle. the old school ceo is jack welch, jeff immelt type of guy. the new ceo is the company founder, who is innovator, elon musk, takes a ton of risk. >> for some out there in tech. melissa: if this is the corporate culture, how has things changed? >> i don't understand the question? melissa: is this the new model for the ideal ceo? he has to be founder and innovator? >> these are innovators. ge is founded by thomas edison, i don't know. >> original dow 12. >> hopefully he is gone. i would say this, these are high pressure jobs. these are burnout jobs particularly in big companies. tesla is much different company than ge. ge is a huge conglomerate. its growth days are probably over. >> should it break up? >> maybe it needs to break up. >> that is the right move but the progress has been slow. >> what do you want him to do?
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>> got to get better margins. margin improvement has been too slow and is that righting to get rid of some financial assets. that was a bank in drag for far too long. >> remember, they did very well with that bank in drag and then it did bring them down. >> they have done very poorly. >> look at the stock since 2008, it hasn't done so badly. >> getting back to test last, wow, look at that market cap. this is half of gm and tesla makes 25,000 cars and gm makes nine million vehicles aer. >> to put that in perspective what about tesla -- >> tesla is fabulous company. the stock, to your point will not do well. melissa: spirited conversation about ceos. have a lost passion. thank you. today's medical dollars will have you rushing to bed tonight. you've got to hear how an extra hour ever sleep is just as good as getting a six figure raise. i don't know about that. and did you hear about the app that will cure your jet lag?
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melissa: from the u.s. to every corner of the globe money is flying around the world today, starting in egypt which is suffering one of its worst energy shortages in years of the government there has now limited the amount of electricity used at mosques. the use of air conditioners has been forbidden until the middle of next month. aging power grid means the country is more than likely to see widespread blackouts this summer as temperatures start to rise. over to china where a company is 3d printing up to 10 hours per day, 500-foot long machines are printing out construction parts using material made from concrete and
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recycled waste. each 3d printed home costs less than $5,000 to buy but does it hold up in the rain? that's what i want to know. i'm kidding. i'm sure it does. companies are seeing big gains. adam shapiro on floor of new york stock exchange. what is driving the trade down there? we just slipped into the red on the dow? >> we went into the read red. one of the reasons we went positive in the afternoon and into red, had to do with positive comments out of japan. although they won't change their sense out of quantitative easing or easy money. they stand ready, at least bank of japan staads ready and necessary to do that. johnson & johnson, good earnings report this morning. coca-cola another beat this morning. they were very happy with that as well as schwab, talking about a cancer on high frequency trading what, two weeks ago? forget that. their revenue beat expectations dramatically. 1.48 billion. estimate for 1.47 billion. the profit was up, was it?
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58%. $326 million. earnings per share of 24 cents last quarter or same quarter last year it was 15 cents. charles schwab doing something right. melissa? melissa: adam shapiro thanks so much. sleep on this, according to a new study not getting enough rest is almost as bad for the work performance as drinking. before you pick up the cup of defeat, dr. ernest patty is here to help us out with this one. so a lack of sleep can impair you, give you, if you only get four or five hours of sleeper night you might as well have a blood-alcohol level of .1%? how is that possible? >> it is possible because the body is so affected by sleep deprivation and brain experiences is equivalent to being intoxicated. a week of four or five hours a night or one 24 hour period. don't forget plenty of folks work overnight shifts. melissa: that makes me think of doctors working 24 hours shifts and operating is like operating
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on me as if they're drunk. >> that is what the study demonstrated. that i hope is the no the case but the science is pushing us to that respective point. melissa: that is incredible. there is a new app to help users overcome jet lag. it does this, laughing already. you don't think it works? >> no, i'm smiling the science behind it is pretty good. this new apcalled entrain, its is supposed to use a mat that the call formula to help you -- mathematical formula to help you overcome jet lag. the way we react you get so much light during the day and darkness at night. melissa: what does the app do? tell you to turn lights up or down and go to bed to sleep off the jet lag? what does the app do? >> you have punch how many hours difference in time zones and what light exposure you anticipate. if you're in office building or indoors. you punches all the information and uses mathematical formula should spend x-amount of hours in the light when you arrive and
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during the day, spend x-amount in darkness to equilibrate your clock and reset it. melissa: how about committing to the time zone you're on? >> you do. but internal clocks don't get that perspective. what eventually is you fatigue and you're not up to par and can't focus on your a-game. with this new app they also recommend you wear glasses. say you can't be in the dark. you wear tinted glasses to help block out wave length and use a light box. melissa: my favorite part of this segment was harvard study on kid and sleep. >> definitely. melissa: and they were looking at how kid sleepless over time and especially for kid who had a tv in their bedroom. >> yep. melissa: they ended up sleeping 30 minutes less per night. i bet it is more than that. if they have a tv in the bed. my tv do not and they won't. >> same with ours. many children do have televisions in the room. what the study demonstrated was that children who slept with a tv in their room on average had about half hour less of sleeper day than most other children. melissa: what does it matter.
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parents says, that is how i get my kid to bed. goes to bed half an hour earlier because i have the tv in there. what difference does it make. >> you're developing the brain. the brain is remarkable organ. if you don't give it rest to allow it to reset itself to heal it will not function at its full potential and not develop it as best as you like. melissa: i.q. points, we have to sleep to get the i.q. points. >> you can massage muscles but you can't ma surge your brain. melissa: dr. patti, great stuff. >> thank you so much. melissa: ukraine on the brink of a civil war. president obama urging vladmir putin to deescalate the situation but could u.s. ceos be more iaea effective influencing the kremlin? put up or shut up time for marisa mayer nearly two years after taking the reins. the yahoo! ceo is facing her toughest test yet. "piles of money" coming up next. ♪ i've always had to keep my eye on her...
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>> tensions between the u.s. and russia are heating up as washington intensified its efforts this week. is this the right strategy? several u.s. corporations have big interest in russia and could have some poll. joining me now to discuss, chris and monica crowley. thanks to all all of you for jg us. chris, let me start with you. do you think this would be a better strategy? we have some ceos who have essentially better relationships with punt putin than our presid. is that a better strategy? >> if there's one they went on about the history of sanctions
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as sponsored by the united states, they never, ever work in terms of compelling changing behavior. look at cuba, iran. we know what that cost us, but what it gets us is entirely unclear especially in the case of russia. melissa: so would this be a better idea than? sending people in to negotiate with who they themselves have interest and can put a squeeze on somebody like goldman sachs with a billion dollars of investments in russian company. the sanctions put the squeeze on him and to squeeze him and sent him in to go and negotiate with putin has sort of pay, guy, maybe this isn't in everyone's best interest. is that a better strategy? monica. >> if it is not having that effect on the russian oligarchs who are closer to vladimir putin terms of politics and economic interest. it will not work. you have to understand while
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vladimir putin has national interest very closely aligned with oil and natural gas industry, obviously that is the backbone of their whole economy. vladimir putin wants to nailed together mother russia. that interest, which is ideological, trumps the economic interest. >> overstating the ccse about some sort of a bromance. they're keeping a a handle just in case things go well and they can build business. things are not going well, they will distance themselves from russia. ironically some of the returns for investors in russia are probably going to look better going forward because all the people concerned about their image are running the other direction. melissa: i do not think it is that much of a stretch to think he has a better relationship with vladimir putin then president obama does. is there some way to leverage that? >> this romance between american
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ceos and vladimir putin isn't going to do us any good anyway. he doesn't care the cost a billion dollars here, $30 billion there. he is a long-term thinker, he is in something he knows may cost him in the short term. he is not responding to economic leverage our public relation moves. we could get a couple of our ceos to talk to him to get in the door. he might have a better relationship with them, but he still will not change what he is doing. melissa: how does it happen from here, how does it play out? >> vladimir putin is on the record saying the biggest tragedy of the 20th century, which was full of great tragedies, was the collapse of the soviet union. the his strategy is to nail it back together. getting exxon to lean on vladimir putin, the reason it will not work is because putin is moving militarily into ukraine, but if he is able to develop an new influence for russia, that includes the
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eastern half of ukraine, part of the southern caucasus may be moving the baltic states. these people have enormous economic influence that will transcend perhaps the loss of some of these economic interest. >> just because you have terrible leadership doesn't mean there are opportunities for investors. i have one money manager, and if it were cents discount to interested in russian stocks getting 80, 90% discount. melissa: we appreciate your insights. the dow climbing further into the green. adam shapiro at the new york stock exchange. this is quite a volatile day here. adam: the bears seem to have some control over all of this. the vix is up today. something that has the pepto-bismol. be ready. one of the things the labarge wants to look at is year to date this stock down 17%. they teamed up with nbc and the
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olympic alliance. they had essentially 663.6 million unique visitors. yahoo trying to make a big play with video delivery on the web it, we will see if they are able to do that, make progress when they report after the bell. earnings per share $0.37 with revenue of roughly $1.1 billion, melissa. melissa: coming up, the new york auto show has roared into town. we are talking to all of the movers and shakers. you don't get much bigger than ford, they are on the move now. you don't want to miss this interview. at the end of the day, it is all about "money." ♪ ♪ [ male announcer ] this m has an accomplished research and analytical group at his disposal.
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melissa: i am melissa francis with your fox business brief. number of people affected by personal data theft has jumped to 18% from 11% half a year ago. a study shows social security numbers and bank details are being stolen at a rising rate. another study shows 78% of u.s. companies have experienced a data breach in the past two years. the blood technologies is buying motorola solutions enterprise business for around $3.5 billion in cash.
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it will allow zebra to apply the barcode technologies to their wider range of mobile and tablet devices. homebuilder sentiment rose less than expected this month to 47 from 46. he comments were hoping for a 50, anything below that level indicates a contraction. that is the latest from the fox business network, giving you the power to prosper.
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melissa: whether it's on wall street or main street, here's who's making money today. anybody with a piece of coca-cola. the stock is jumping after stronger sales in china in the past quarter off that a in europe. shares up around 4% right now. the ceo having every reason to celebrate with a rum and coke tonight. he has around 610,000 shares. so that means he's made almost $960,000 today. also making money, he is taking his seven-year-old company public looking for an evaluation of $1.6 billion. but instead of using the money for growth, he and his partners are expected to pocket around 80% of the ipo proceeds. that's a whole lot of extra cash. and hoping to make a cool million dollars, disney is promoting its new feel-good movie "million-dollar arms" by getting seven figures to the one contestant who can throw the
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fastest pitch. finalists will conclude all of the who can throw 100 miles per hour strike out of a total of three pitches. i'd like to give it a shot, but really i have no hope. today kicks off the first day of the 2014 new york international auto show. ford, honda and toyota are expected to new models. jeff flock is there with fourth president of the america. thank you for joining us, both of you guys. >> if i could kick off the first question. i just want to ask you, has your recall strategy kicked off at all in light of what happened to gm? do you guys think differently of what you might do in the future? >> oh, it hasn't changed, melissa, but we're certainly looking forward to learning of what is happening with our competitors. we would like to improve when anybody has a recall or customer service act as we do internally.
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we will continually look at our system to make sure we have a robust process. but we feel really get a power system works and how it respond to customers. jeff: a lot of people were troubled by mary bara's response that she didn't know anything. they want to leave it in the hands of the experts. is that different at ford? when does a recall come across your desk? >> notification of a recall would happen after the decision has been made. jeff: so not before? >> we don't want business profits and losses to be impacted or influenced by the decision. jeff: are you troubled by how mary bara would not no? senator boxer said you do not seem to know anything about anything. does there need to be a re-examination of that? >> they need to be technical leadership and experience in the process we have at ford. that is critical. you want to celebrate the
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response of the data and agnostic look to what is happening from the business side of it. that is what we do at ford. jeff: the national auto dealers association, they are opposed, manufacturers are opposed to recalls of vehicles being sold or taken out of rental, how do you feel about that? shouldn't they be taken away from rental cars are not sold? >> basically when it comes to recalls, not all recalls are the sins we look at what the rate will be, the severity of the issues and we will communicate accordingly. we are working with the companies and dealers. melissa: let me ask you, i know this is the 50th anniversary of the ford mustang. you're putting one on top of the empire state building to celebrate. how important is that car still to your lineup?
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>> it's so important. 50 years of continuous production, 50th birthday of the mustang. like as it is a little bit of the mustang in every car we produce and sell. all customers throughout the u.s., truly an american icon. jeff: even has an mustang right there. melissa: i love it, it is fantastic. if i could ask him, what are you seeing from the american consumer rights now? we are always trying to get a gauge on our own economy, how would you compare it? is it recovering, how is it characterized? >> i would say it is continuing to recover. growth of gdp this year over last year. car sales continue to grow year-over-year. still growing. housing continues to be a strong growth sector, certainly oil, other parts of the business.
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we believe it will grow this year 2.5% gdp growth and that bodes well for continuing to grow in the future. melissa: thank you so much. jeff flock, you also. a lot of people have some pretty big plans for drones in the near future, but some want to use them for simpler things in life like taking a selfie. these guys here and "the new york times" reporter decided to take a picture of themselves and their dog over the weekend by using the camera on an aerial drone and they included a whole lot of san francisco for the backdrop. what do you think of that? >> i am concerned about this means for america's sunbathers. melissa: a big day heading into the last hour of trading. liz claman is up next to walk you through everything that is going on. now the dow up 53. liz: the market is extremely
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sensitive at the moment to all kinds of news coming out again. ukraine heating up as you have reported, melissa. you have ukrainian forces now making an effort, but don't count rush out when you see all kinds of activity in the region, the market has been up, they were down, they were up, they were down, now is the s&p and the dow making a comeback. how face knitting with bio techs and nasdaq getting hammered that is precisely what the ceo, president and the cio says you should imac right now. sort of in the warren buffett theory making sure you are gutsy when other people are fearful. that would be now, he says. and what about the ipo market, is it down for the count after having been so hot? looking at all of this and more. we are watching gold, silver, both down. we are on the market in this last hour. melissa: thanks so much.
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joining me now. i can't decide is this good p.r. for airbnb or bad p.r. for airbnb? >> not only are we talking, they are going i never thought of that one. i think i ought to try this. plus what is wrong with figuring out a new way to have the world's oldest profession? melissa: may be because it makes you as a user not want to use any of their homes. the our post reported they are my authority in all related stories. everybody feels the same way. the woman thought she was renting her apartment to another woman who said she was in the military and this and that, it turned out she was instead just funneling prostitutes through the house. airbnb put this woman up in a hotel while they thoroughly cleaned her home and replace her pillows and her bed linens.
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doesn't it tainted the entire service make you think like everything else online, there is only behind this? >> you have to think about the airbnb guys wearing hazmat suits. forget the people thinking of using it as a place to stay, how about if you were to put your house up. now they will have premature evacuations because i would not put my house up. the whole thing is just too gross for words. melissa: another company, ubur, the online matching idea, it is being bandied in belgium now. are we going to see this happening more and more in places? >> you don't have to go to belgium, it is being banned in miami where i live. what you are seeing is the same problem test was having with dealers pushing back. as the new medium, the new business, the old system almost has no choice but to go to some sort of rules-based route forced
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way of protecting what they already had. it's obvious these new technologies are going to be the future. the old technologies are just a gasping and doing anything they can do to just maintain their stranglehold on what has been making them rich for all these years ping melissa: thank you for managing your way through that whole brothel situation for us. >> why did you invite me for that one? melissa: we need to handle it. hard to measure the downside of a $10 million payday, but some wonder if mary bara will still come up short. and if alibaba continues to zap yahoos value. you can never have too much "money."
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why relocating manufacturingpat? 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
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they're the days to take care of business.. when possibilities become reality. with centurylink as your trusted partner, our visionary cloud infrastructure and global broadband network free you to focus on what matters. with custom communications solutions and responsive, dedicated support, we constantly evolve to meet your needs. every day of the week. centurylink® your link to what's next. melissa: i want to bring your attention to the markets because it has been volatile day today. nasdaq turning into the green moments ago.
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we will take it. teldown recipe turned positive earlier this hour as the dow continued to climb. just 40 points off the session highs right now. it is really energy and utilities driving into positive territory right now. 1:00. earnings outs just over an hour from now. many believe it is put up or shut up time for melissa meyer with the stock down 20% this year. alibaba ipo threatening to zap much of yahoo remaining value. she could be facing her most critical time at the helm. back with me now, what do you expect? >> well, if you take alibaba and more importantly yahoo, japan out of the mix, it is a little bit hard to see what value yahoo has and what rate it has to existed the 21st century. what is that yahoo does they do better than anybody else? it is not search, it is that e-mail, it is not social.
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there are bits and pieces i like at yahoo. finance. that is a small part of the company. melissa: what was behind the spike of when she took over? what could she deliver that would deliver on the promise? >> deliver faster revenue growth. this is an industry that is driven often on hope. eventually you need revenue growth. >> is it eight tech platform and does it deserve to be treated like a tech platform. melissa: you are the expert. >> it feels like a content come by relying the tech background not looking for the way it should. i like what she is doing, but the proof is consumers aren't showing up to do what the they'e supposed to do. melissa: is a should rely less on content, while she is talking but doing original content. >> katie couric doesn't seem to
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me to be a youthful, young, ddririviving, , she is awesome t is not where you will find the most growth. >> how many companies are talking about turning today's eyeballs into tomorrow's ad revenue? there is really only so much ad revenue to go around. melissa: we have been talking about superstar ceos. she has been held up as one a lot of people are watching for many different reasons. is she a flash in the pan? >> this is that we are in a digital transition traditional content company and tech companies and text content companies are kind of being mashed together. melissa: you don't think the right ceo could turn this around? >> she is struggling because of things that are beyond her control. she raised her hand. melissa: thanks to both of you guys. a market and the dow up 53 points. that is all we have for you right now. i hope you are making money
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today. "countdown to the closing bell" begins with liz claman. liz: the market fumble an early lead and remain touchy at the biotech and tech selloff slam on ipos. and the market debut this year, is the ipo margin back on death doorstep? and what about mn day? who is better to ask the raymond james vice chair are fox business exclusive with fred lane. 21st century race between google and facebook over high-altitude drones. who will ultimately own the sky and how long will it take for them to get thrown into the air to turn a profit from them affecting the stock? our all-star panel breaks it down. and a flash of media titans for sunday night eyeballs. time warner and hbo game of thrones crushing madmen.
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