tv After the Bell FOX Business May 27, 2014 4:00pm-5:01pm EDT
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winner there. jetblue, many of those names heading to new highs. david: the bells are ringing -- what a nice way to come back from a vacation. investors had about three days to think about what was happening to markets and, yes, once again they thought it could go higher. look at the russell 2000 -- let's start at the bottom of this chart of various indices, because for a while there looked like it was nothing but bread for the small and mid-sized caps, but now the russell 2000 trying to catch up with what they've lost. still haven't gained it all back, but a 1.5% gain just about. next to that, the nasdaq stocks doing extremely well. again, we've got a pyramid going here. they were up 1.2%. next in line, the s&p, up over a half a percent. and dow jones even though we looked at that first, it was the least gainer today, but still a solid gain on the dow. "after the bell" starts right now.
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♪ ♪ david: again, what a great way to come back from a vacation. we're all kind of sleepy-eyed, but not the investors on wall street. we have chris wexler with two picks for you to add to your portfolio, paul dietrich, fairfax global market ceo who's going to tell us why he thinks stocks will rally in the second half of the year after, again, word of another pullback. larry shover, alternative chief investment officer at the cme, larry, before we start with stocks, i want to talk about gold because that is way down today. why? >> well, think of it this way, gold rallied 70% between 2008, 2011 and for the exact opposite reason, it's going down. economic data around the global is getting better, but today we to though the ukraine, that whole tension area is getting
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less tense -- bad way to put it. but really the big reason is that the normalization of u.s. monetary policy will continue to be a cross over gold's head. i'm not surprised to see gold continue to dwindle lower. i still think it's going to be $1200 by the end of the year. lori: chris, do you think that the selloff is indicative of investors having a heavier appetite for risk and that's partly why we saw an equities rally today? >> i think people are getting excited because there's really no other place to invest, we believe. fixed income yields have come down in the big part of the year. we think equities are the place to be. we're looking at new opportunities. we think that the second half is going to be a lot better than the first half. you know, we've spoken in the past of one certainty that we faced was weather was really terrible. we think it filtered through the economy, and i think we're now beginning to see better economic numbers which should ultimately lead to better earnings growth for equities.
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david: paul, let's talk energy prices. you say our production, and it is spectacular from natural gas, from oil, is going to keep prices moderate. but i would tell you i think gas prices are not moderate. i think they're pretty high right now. and these new epa rules that the administration's going to be issuing next week could push electricity prices a lot higher too. isn't that a problem? >> you have to look at this on a global basis. i mean, we're paying about $4 per thousand btus of natural gas in the united states where they're paying $16 in europe, they're paying $18 in china. so if you look at it on that basis, it's really cheap. we're also producing more natural gas because of the technology and fracking. that's going to continue. and so natural gas prices, i think, are probably going to remain about at this level which
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are from a global perspective very, very attractive. lori: all right. let's go back to chris who's joining us here in studio. where do you see us headed from here? do you see volatility through the summer, or is this an inflection point? we're back in the stage where it's day after day at least for the broad market? >> we think volatility's going to remain here. we had a great year last year. we think the market is backed up a little bit. the russell 2000 certainly gave back a lot more than the s&p 500, so we like a day like today. but we think volumes were a little light. we wouldn't get too excited. we think there's opportunities throughout the summer to be buying some good names at cheap prices. so i wouldn't get too worried that you maybe missed today. i think we'll see some opportunities through the next couple months. david: larry, again, i don't mean to rain on anybody's parade, it's a great day, but a lot of talk about whether europe is really recovering as well as it should be recovering. there are questions about whether what the e.u. is now
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doing in trying to compete with our qe is going to work. what do you think about the european concerns? are there, is it perhaps a little too rosy now a look at their recovery? >> you know, david, i do think it's a little bit too rosy. i mean, i think they've gone too far, too fast. they do can have some deep pot holes they have to address. we do know that mario dragty's -- draggy's very good at putting out great content with the ecb, and i think all hands are on deck for june 5th expecting him to pull out a miracle and, hopefully, that's going to be asset purchases. but you're right, i think there is a lot that needs to be addressed -- david: don't believe in miracles, except in hockey, by the way. not with central bank presidents. lori? lori: go, kings, go. i'm liz claman today. david: no, rangers! lori: all right. i want to, paul, go right to one of your picks, because you have pilgrim's pride on your list, obviously a newsmaker today.
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what do you think's going to happen? i know hillshire bid for pinnacle and, you know, pilgrim was basically saying we're a much better match than that partnership. how do you think this is going to sort out? >> this is one of my favorite stock picks, and i picked it before i knew they were going to make this bid today, but this is a great company. it has a moderate pe of about 11, it has a 46% return on equity, it has huge free cash flow, and you look at what happened today in the market, both the stocks, hillshire and pilgrim's pride, went up. and so i think that says a lot about how the market views this. this is a great company, andbzhi believe that everyone thinks that this is a great merger. david: paul, let me stick with you for a second, i want to get a little optimistic after my pessimism and talk about asia for a second because we already know they don't need a great e[ population in
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order to have hundreds of millions of people in the middle class because there are so many there. but the middle class in asia which is now, i don't know, about 500 million more or less, could triple in the next decade. this is a huge market for the u.s., is it not? >> it is. that's what the imf and the world bank is saying, that we're going to see going from about 525 million people that have a u.s. equivalent middle class income going to 1.75 billion which is three and a half times over the next six years, and the first thing that people do when they get into a middle class income is that they change their diets from rice and vegetables to protein. and protein is what american farmers, we provide the natural resources for that. only 38% of the land in asia is arable. they've never been able to feed their three billion newly-affluent consumers.
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they never will be. this is a long-term, very good trend for american farmers and american agricultural products and american agricultural companies and investments. david: cool. lori: all right. although grains, as you can see the complex down in excess of 1%. david: buy low. lori: there you go. chris, let's talk about some of your picks. one that caught my eye, we're looking at the price of crude oil above $104 a barrel, so you say this is a play on efficiency. >> yeah. we love the company air lease. it is a leasing company for airlines, so as oil prices and gas are very expensive, airlines are looking to upgrade to more fuel efficient planes. air lease, you should think of it as as set management company that manages airlines. very well run, well respected t. significant insider ownership, and they have been growing just a great business, and i think they've got a very long runway here as the world continues to grow with more airlines
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internationally. lori: well said. chris, paul, larry, we will check in with you in a few minutes when the s&p futures close. david: thanks, gentlemen. the war on coal is heating up as president obama unveiling new rules for coal-fired power plants. could all of this cost our economy big money and jobs and raise prices? what will it mean for coal companies and their stocks? we'll find out. lori: plus, ceos have to do what's right for shareholders, right? but some ceos don't care what their shareholders think. we'll break down five leaders whose top priority is not you. david: also, even thieves are picky. we're going to tell you the most stolen cars in the u.s. they do pick 'em out. lori: we do want to hear from you, will the epa's new rules on carbon emissions for power plants increase your electricity bills? tweet us @fbnatb. your answers coming up. ♪ ♪
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before those little pieces would get in between my dentures and my gum and it was uncomfortable. [ male announcer ] just a few dabs is clinically proven to seal out more food particles. [ corrine ] super poligrip is part of my life now. lori: barnes & noble getting a big bot today, climbing more than 9%. david: let's head back to nicole petallides on the floor of the new york stock exchange for details. >> reporter: well, a nice day on wall street, right, dave and
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lori? however, a great day for barnes & noble. as you see, the stock, as you noted, a nice big move there, up 9.3%, close at 18.41, and that's a huge move, but you can certainly say thank you to barron's, because they had a report over the weekend -- and we often use the phrase barron's bounce. this certainly was exactly evidence of that. and in that report there was eye-popping potential for fair market value of $36 for barnes & noble, in particular looking at the underappreciated area of the college business for barnes & noble. and as a result, everybody jumped in to buy barnes & noble, and after this they basically said it's undervalued for investors. many of them read that and jumped right in hoping for more. back to you. lori: thank you, nicole. david: the s&p futures are closing, let's go back to my man, larry shover, in the pits of the cme. larry, any sense of what it'll be like tomorrow? >> you know, right now traders
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are accepting the fact that two cheap themes have driven the market last week and today, good economic data, pmis housing and also central bank commentary whether it be dudley's remarks, bernanke, whether it be the fomc notes. that said, traders also realize that we're in a multiples market, and if you're assuming $119 per share for the s&p 500, that puts us 16 times earnings per share. that's not expensive in my mind. however, it does not allow any shock absorbing if we have any kind of pullback in the market. so traders are mindful of that. they're also reaching for june the 5th, the ecb, will mario draghi pull another rabbit out of his hat? david: thank you very much, my friend, appreciate it. lori: all right. there are some ceos who go beyond worrying about next quarter's profits. david: if you're a shareholder,
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it may not be a good thing to have one of those ceos at the helm because sometimes they don't care about what wall street thinks. joining us now is jeff reeves. i love your piece because i've seen it happen so often you have these visionary ceos who think that their visions are so important they don't have to worry about the investor, the stock market or the stock price. time and time again, sometimes they do it at their own peril. let's start with somebody everybody knows, tesla's elon musk. he actually said something a couple years ago, i guess it was a year ago, that really shocked the hell out of me. he said the stock price that we had is more than we have any right to deserve. i've never seen a ceo sort of talk down the share price, but that's exactly what he did. >> yeah. and he did it at $170 a share. now that tesla starts with a 2, you wonder what he thinks now. it's nice when you buy into these companies. he's been very nice to shareholders since the ipo
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really. but the million dollar question going forward is if you're an investor right now looking down the road, where's tesla going to go? elon musk is making a big bet on the giga-factory, and as an investor, you do too. he doesn't care what's going to happen next quarter, in it for the long haul. you've got to wonder where the disconnect is between the ceo and you. if tesla's vision plays out well and he is crowned as the next visionary out there, that's wonderful. but if he's not, you know, that's a consequence you have to deal with as an investor. lori: let's move on to facebook. mark zuckerberg is diluting the pants out of the shares and buying whatever he wants, essentially? [laughter] >> yeah. you know, i haven't really talked about the deal making that facebook has done. when the price tags come out in the media and you hear things like $17 billion or $19 billion for what's app, it moves because it's based largely on facebook's stock. he's got this huge controlling
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stake in the company. what you can do is use common shares to do buyouts of other companies and not pay cash for them. he's got more than half of the voting rights of the company in his pocket alone, and then he's using company stock to make, acquire other companies. one of the deals he was making earlier this year for titan aerospace is for some massive, like, fry around the world inter-- fly around the world internet network. that's what he likes to do, he likes to think big. buys things that has very little to do with facebook advertising, but that's what you get as a shareholder. when zuck has more than half the voting rights, frankly, you don't get a say. david: another guy who likes to think big, real big, is jeff bezos, and his ideas are so big that he thinks profit is secondary. lori: right. david: that really hurt a lot of shareholders' feelings. >> yeah. and, actually, it's proof positive that shareholders have kind of gotten tired of it. amazon doesn't give away a lot of information.
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"the washington post" asked him about this recent spat with publishers and amazon about book pricing that they're fighting with, and he won't talk to the post. he doesn't talk to anybody. you have to trust that he knows what he's doing. i don't want to knock him. jeff bezos is much smarter than i may ever be, but if he makes a mistake, as a shareholder, you're along for the ride. you have to hope that his profits someday is good enough. lori: and mr. schultz's starbucks famously telling a shareholder who doesn't approve of the policy on gay marriage to just sell their shares. they put the employees first. >> yeah. i mean, howard schultz is an interesting case too because, i mean, he literally has nothing to prove to everybody. he basically built starbucks. he's a great entrepreneur, he's proven himself to wall street. he resurrected the company again. if anybody has the rights to tell shareholders they can just sell the stock, it's him, right? he knows the company inside and out, and as a shareholder, you're along for the ride. you have to be careful, though, because if they mess up, that's
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also something you have to deal with. clearly not taking outside advice. david: well, let's go back to history, and not only do you have to be careful, but sometimes it can literally kill their organization. people express airlines was one of those first, low-cost, no-frills airlines back when they deregulated back in the '80s. there was a guy named don burr who actually made to it the cover of "time" magazine, by the way. there's his picture back when. i actually believed so much in his philosophy, i bought a little bit of this stock. i watched it go all the way down to zero. eventually, the guy was killed because he didn't give a damn about wall street. he paid so little attention to wall street. so it can really kill a company. some of these ceos have to be careful; right? >> yeah. and it's not even that they have a bad idea. burr's a great example. southwest is one of the most successful airline stocks out there because they decided to go for low-fare, high customer service, and that's kind of what they tried to do, but they just
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didn't execute enough for investors. and, again, that's the fine line you have to walk as a ceo. it's great to be a -- david: absolutely. >> wasn't validated for his shareholders. sorry. [laughter] lori: all right. the current companies we're discussing here, obviously, shareholders are see the good-- will see the goodwill and the, i don't want to see or the delusions of grandeur, but basically, in terms of the pr world what's working and not working for these guys? >> el, i think -- well, i think it's very important to understand in this current environment right now everything is aspirational. you just had a segment where it's a multiples market, and i think people want to believe in growth, and there's nothing more powerful than the their tvs of some of these companies -- the narratives of some of these companies. starbucks rejuvenated the whole instant coffee market, whether it's google where sergei and larry are ruling the world, they have their own little world order or a company like tesla where elon musk has literally
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taken the electric vehicle into the mainstream. it's hard not to believe in that narrative. the challenge is making sure that stock valuations and all that other stuff have to go along with it. it's not that i think tesla's ever going to go away. i think it's a great brand, and they're really good products. but you can't confuse the narrative with the stock price. and, unfortunately, if you're a pr firm, you don't really care much. all you're selling is the narrative. lori: keep close to the vest. thank you. great story. thank you. david: thank you very much, jeff. well, republicans say the obama administration's waging a war on coal. next we're going to find out how the president is adding fuel to that debate and what his latest proposals could actually mean for our entire economy. lori: if you want to get in shape finally for beach season? david: i'm already there. lori: turns out there are quite a few apps for that. we talk to the co-founder of a fitness app who thinks his company could stand out.
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david: time for a quick speed read of some of the day's other headlines. fire stories in a minute. first up, median ceo pay package crossed $10 million mark for the first time last year. fourth straight year ceo compensation rose following a drop during root session. "x-men: days of future past," i will see it tomorrow, the top earner. brought in $111. one of ours -- $111 million. that is one of ours, twenty-first century fox.
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one world trade center is only 55% leased. no private office tenant has sign ad lease in almost three years. sony will make playstation consoles in china. sony's partner in china said one venture will be responsible for hardware and one will focus on software. get ready to pay more for bacon cheeseburgers this summer. they are expected to pay 32 cents more per burger due to drought, disease and strong demand and less supply. that is how it works, folks. [buzzer] lori: that is it outrage. david: you like bacon cheeseburgers? lori: absolutely. my f am v. david: like to eat that stuff -- lori: we're talking about fitness apps. i will pay attention to that. david: do that a little later. lori: president obama meantime set to propose new set of regulations on power plants next week, taking big steps to aggressive goals for carbon emissions. david: new measures could
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brin. they're due to announce but they have some idea what is in it, right? >> david, the administration will propose new emission standards for existing power plants. coal industry and congressional supporters are warning of potential job losses and increase in considering prices. the u.s. generates 40% of the electricity by burning coal. that is cheap and abundant. the problem is releases more carbon than other sources and coal companies are more vulnerable to new emission standards than other forms of energy. leading in u.s. coal usage, or pacificorp, a berkshire hathaway company, georgia power, southern company, union electric, nrg, energy and midwest, dte electric, peabody, al can, cloud peak, console are the top coal producers. it will give states new flexibility reducing carbon
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emission. administration rolled out higher standard for new power plants. with practically no prospect achieving a legislative victory on cap-and-trade during the final years of his administration. president obama is using controversial and well-litigated clean air act to cut power emissions. how damaging to the coal industry and will it survive a court challenge. we look at latest round ever energy regulations on monday. back to you. lori: something to look forward to, rich. >> thank you. that's right. david: will the epa new rules on carbon emissions from power plants increase your electricity bill? give us a tweet, @fbnatb. your answers coming up. coming up next. not just the coal companies that will take a new hit from the new emission regulations. could gdp, overall growth of economy, jobs numbers and consumer also feel the heat? we'll discuss that. lori: there is one carmaker very popular with thieves. so popular its car was the
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number one and number two spot for the most stolen car. we'll bring you details next. david: not the chevy nova i can tell you that. lori: still driving yours? david: i still do. 1963. getting your body ready for the beach. what if you had a personal trainer in your pocket and doesn't cost you a dime. we have the owner and will discuss his massive growth and i hopes to build what you might call the instagram of fitness. ♪.
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lori: here's some news you can use. vehicle tracking company lojack, released its list of most stolen cars in 2013. the company says police recovered more than $121 million worth of stolen vehicles last year. is your car being targeted? take you to the fifth spot. general motors chevy silver rod dough. fourth most stolen, toyota core roll la. best-selling car. thieves after another toyota, camry. it was top safety pick both last year and this year. number two, honda civic, one of the most stolen cars in 2012. the most stolen car last year,
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for the fifth year in a row? the honda accord. david: i never would have thunk. i would have thought mercedes. about 40% of our electricity comes from burning coal. so the new epa limits on carbon emissions will very likely affect energy prices and decisions by coal and energy industry. so what will those changes be? both for producers and consumers. for details we turn to my on ebel. competitive enter rice institute. myron, thank you for copping by. we don't know precisely what these new rules or benchmarks if you kill are going to be, but what is your best guess? >> that the epa will propose that the states figure out how to reduce emissions from existing power plants both coal and natural gas by a certain percentage, maybe 25%, within x number of years but we don't know when the baseline will be and we don't know exactly how
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long out it will go. but what we do know is, we're now talking about not just coal but also about natural fast plants having to make reductions in some way or another. david: wow. so that is a huge, if 40% of the energy we get is from coal, you add in natural gas, you're talking over 50%, right? >> you're talking about 2/3. natural gas's share has been going up. so what epa is talking about, we'll let the states decide how to do it. maybe they can set up their own cap-and-trade systems like california has, like the northeast states have but they will have to figure it out. this will essentially unite everybody, i think in the coal and natural gas states -- david: that is very interesting because there had been some thinking that, well the natural gas folks, might think, good, my competitor coal will be hurt by this and i will rice but this may actually bring natural gas and coal producers together. >> that's right. the current epa rule that they're working on right now is
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new coal and natural gas plants. and that really makes new coal plants impossible to build and so natural gas is the beneficiary. this new rule on existing plants is likely to bring in everybody who gets most of their electricity from coal and natural gas and that's most of the country. david: how much, let's first talk about consumption, not only personal consumption but also businesses that consume electricity which are just about every business. what is going to happen to electricity rates as a result of this? >> well, president obama, when he was running for president in 2008 said that his plan would cause, it would cause electricity rates to necessarily skyrocket. so if you take him at his word, we're going to have much higher electric rates in the heartland states that produce most of our manufactured goods. that will be both manufacture you ares and consumers.
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socal fornash already has very high electric rates. new england, new york, have high electric rates. if you live in one of the states that depend on coal and natural gas as well, ohio and indiana, the industrial heartland, you are going to start seeing their economies looking a lot, more like california's. david: we're coming into an election season, not discuss nor the midterm but presidential elections. a lot of coal-producing states have democrats and are not too happy about this because they know they could lose an election. is this written in stone? is the president having said it and epa putting out the rules, does that mean it is going to happen, or could folks in congress and perhaps legal challenges prevent it from being implemented? >> there's a very serious question whether what epa is trying to do will survive a legal challenge, which will probably go up to the supreme court. also, if we get a republican senate after november, there's a
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very good chance that the congress under a very arcane law called congressional review act could try to block it. although if they do try to block it, then president obama could veto that. but that would set up a very big political confrontation. david: he was talking about, john podesta, wrote a number of articles, he wrote sort of a book about it, through executive authority the president doesn't have to yield to congress, he can do what he wants using agencies like epa. >> yes, and john podesta is calling shots in the white house. we'll see how far they can go. i think the american people and the congress have been rather lackadaisical about confronting this, these assertions of executive authority without congress giving the yea or the nay. david: finally, if implemented this has to be quick what would be overall, we know coal industries would suffer as a result of this. consumers would suffer but what
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about the growth, overall economic growth which is already kind of haltingly moving ahead? >> i think it will put people out of work and it will send manufacturing overseas. david: all right. that's got to be it. myron ebel, thank you very much from the competitive enterprise institute and we're asking you on twitter and facebook if you think the epa's new rules on carbon emissions from power plants will increase your electricity bills. chuck already weighed in. yes, it already has. send us a tweet or facebook comment. tell us what you think. join the conversation. what do you think about the new epa rules @fbnatb. lori? lori: looking to get your body beach ready? yeah. there is an app for that. mobile fitness coach app pump up is feeling fit, racking up more than one million users in six months. we'll talk to the cofounder about his new quest to what you could call the instagram of fitness. david: it's a bird, it is a plane, no, it is vacationers zipping through the sky.
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david: i was at the beach over the weekend. was a little cold. beach season is here. wait a minute. the guy with the big belly. if i did i need this next segment. our next guest has a way that you can shed those extra pound for free. pump up is a fitness app that tracks exercise calories, weight loss progress and gives users customized workouts. lori: sounds too good to be true. david: free. lori: that is absolutely too good to be true. what makes pump up stand out in a saturated market? the way it integrates social media to foster motivated fitness community. joining us phil jacobsen, pump up cofounder and president. we've been reporting in our introduction, we're explaining how this is pretty saturated market fitness, so what void did you see you wanted to jump into that you would think this could be successful. >> absolutely. great to see you guys. i mean there are a lot of fitness apps out there. what we start the out with a custom workout building product.
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we saw great traction. it was vision to add community element with photo sharing and we added community element and photo sharing things skyrocketed. as you mentioned we've grown to a million users last six months that has been after we started focusing in on community. diffe. we see that our product sticks out in the market. david: i think i know why photo share something important to give you impetus to do better but why is photo sharing such an important part of this program. >> when we find asker shares photo they're 500% more likely to stay on track with goals over time. photo sharing adds level of accountability. it puts yourself out. within the pump up community there are like-minded individuals that help you keep on track with positive reinforcement. it is exciting to see how big of an impact social really has. lori: we're showing viewers before and after picture on pump up app. here is my issue with this. there is no way i would ever put
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a picture of myself in bikini in some kind of sharing environment like this is not professional, i don't want to speak for all employers out there, you're not going to put an employee in a bikini, at work on a trading desk. >> i mean, you know, when it comes to identity that is really in hands of the user. we don't force anyone to have their true identity come to life in the community. lori: i see. >> a lot members take a photo of body only, don't include their face. they have more anonymous user name. lori: sounds like a dating site, have to be honest with you. david: all the faceless pictures. lori: look at my triceps. david: let me ask about wearable component of this, if there is one. there are some wearable things now tell you how long you've walked or how your heart rate is doing with regard to exercise. is this compatible with a wearable object? does it work better with one? >> today, no. but it is something in our pipeline we look to integrate
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with hardware players in the the very near future. >> how are you making money. >> right now we're focused on growth and engagement side of our product. we have monetizaton strategies for the future as we continue to grow. david: pest -- best of luck to you, phil jacobsen. it is free, folks. pump up. go to the internet and find it and put it on your phone. lori: you can see body parts of david. david: honestly, none of those pictures are me, folks. thank you very much, phil. lori: fitness is all the rage. david: sure is. lori: people need enough information so it's a great idea. amazon may be grabbing headline with the idea of deliveries by drones. but the pentagon is working on plans to deliver much bigger packages weighing thousands of pound. details coming up. david: with the summer vacation season officially underway you might enjoy a canopy tour from zip line. jeff flock in the orange. he can't talk to us right now.
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i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i looked at my options. then i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, it helps pick up some of what medicare doesn't pay. and could save you in out-of-pocket medical costs. to me, relationships matter. i've been with my doctor for 12 years. now i know i'll be able to stick with him. [ male announcer ] with these types of plans, you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are no networks, and virtually no referrals needed.
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so don't wait. call now and request this free decision guide to help you better understand medicare... and which aarp medicare supplement plan might be best for you. there's a wide range to choose from. we love to travel -- and there's so much more to see. so we found a plan that can travel with us. anywhere in the country. [ male announcer ] join the millions of people who have already enrolled in the only medicare supplement insurance plans endorsed by aarp, an organization serving the needs of people 50 and over for generations. remember, all medicare supplement insurance plans help cover what medicare doesn't pay. and could save you in out-of-pocket medical costs. call now to request your free decision guide. and learn more about the kinds of plans that will be here for you now -- and down the road. i have a lifetime of experience. so i know how important that is.
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lori: when you think of zip lines you probably imagine somewhere tropical, probably not in the u.s. but lake geneva canopy tours in wisconsin offers zip lines all year long though most folks don't start heading out until the memorial day weekend. david: our own jeff flock taking his life into his own hands. he is live with, we couldn't even talk to you, jeff, because when you were getting ininstructions. this may be hit it. we may not hear another report from you. >> exactly. this is the way to go. if i got to go it will be on live tv. tim martin is helping me with this maybe we have another perspective. the wide shot shows you where we are. this is how long of a line? >> 1200-foot dual raising zip. >> three-foot ball fields. >> three-foot ball fields and we're 90-foot elevation above the landing tower. >> this is big year and you're
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expecting a big summer because of nasty winter. >> because of how long a winter it was and spring to take off people are getting antsy. >> do you feel ready. >> not really. two minutes of worth of tv. there you go. >> hold on right there. >> are you ready? >> i will race with gary over here because this is you dual zip. go ahead. >> three, two, one, go. >> whoa, there you go. this thing as i said, oh, hey, how come i'm going backwards. this is again a 300-foot, 300-yard zip line and -- >> turn around. >> often more popular in vacation overseas. look out. almost hit the camera down there. as you see, you have to have a good brake man on the other end, whoa. david: whoa. gee whiz. >> that was a good one. david: all right, jeff. that was fun. you got a standing ovation. you landed on four feet, my
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friend. >> watch your head. thanks, david. how did i do, bud. >> wonderful, my friend. >> say that to all the guys i'm sure. all righty. we survived it. and you know, these things are becoming big here in the u.s. as opposed to overseas. david: how much -- >> he can't hear us. david: how much does that cost? >> how much does this cost, by the way, bud? >> oh, millions and millions. david: no, for each ride. >> it is 95 for adult ionosol are rate and 58 for youth, ages 7 through 15. >> bingo. millions and -- david: 95, is that 95 each time you go or is it for the full day? >> u.s. was that just one ride, 95 bucks. >> that is for whole entire -- >> we're doing one spot of it here. it goes all the way through the woods and top of the trees. david: that is just one of many ride. okay.
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lori: i guess only still on vacation not really aware of it. >> great stuff, jeff. congratulations. lori: well-done. that was fun, jeff. living say care russly through you. david: thank you. the future of warfare could include unmanned aircraft and helicopters, believe it or not, thousands of pound of cargo. we'll tell you about the pentagon's bold new vision coming next. lori: all right. that sound cool. firefighters, rightly regarded as heroes. what if they had superhuman strength? it may sound like science fiction but could be science fact. details ahead. ♪. (vo) watching. waiting. for that moment, where right place meets right time. and when i find it- i go for it. (announcer) at scottrade, we share your passion for trading.
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that's why we give you the edge, with innovative charting and trading features, plus powerful mobile apps so you're always connected, wherever you are. because at scottrade, our passion is to power yours. but with less ergy, moodiness, i had to do something. i saw mdoctor. a blood test showed it was low testosterone, not age. we talked about axiron the onlynderarm low t treaent that can restore t vels to normal in about two weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women, especlly those who are or who may become pregnant, and children should avoidt where axirons applied as unexpected signs of puberty in children or changes in body hair or incased acne in women may occur. report these symptoms to your doctor. tell your doctorbout all medical conditions and medications. serious side effects could include increased sk of prostate cancer, worsening prostate symptoms, decreased sperm count, ankle, feet or body swelling, enlarged or painful breasts, problems breathing while sleeping
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d blood clots in the legs. common side effects include skin redness or irritation where applied, increased red blood cell count, common side effects include skin redness headache, diarrhea, vomiting, and increase in psa. ask your doctor about axiron. that, my friends, is everything. and with the quicksilver card from capital one, you earn unlimited 1.5% cash back on everything you purchase. not just "everything at the hardware store." not "everything, until you hit your cash back limit." quicksilver can earn you unlimited 1.5% cash back on everything you could possibly imagine. say it with me -- everything. one more time, everything! and with that in mind... what's in your wallet? david: time to go "off the desk." look at this. a powered ex-sew skeleton. it is like from the movies. helps turn firefighters into
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superhumans. it gives them increased strength and give them a range of accessories, water cannons attached to the forearm. like something out of "x-men." the exo skeleton allows firefighters to take extra 200-pound by transferring weight of carried loads directly to the ground. means firefighters don't have the bear the weight themselves. the suit dismantles for easy storage. the ex-owe skeleton will soon be ready for sale. life following art just like the movies. >> amazon is testing drones to deliver objects no larger than an ipad. u.s. navy is working on a $100 million project to use drones to drop off essential supplies to marines in remote locations. it would convert full-sized helicopters, pilotless, autonomous drones to deliver 5,000-pound of batteries, ammunition and water simply
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using ipad a app. it is still in. david: this is right out of the movies. turning a helicopter into a drone. we asked you on twitter and facebook if you think epa new rules on carbon emissions from power plants will increase your electricity bill. the administration says not. lisa on facebook says, without a doubt it will. >> country fan on twitter told us, of course it will. that's the plan. david: and joe on twitter says, yes. every excuse utilities have to raise our bills they will take full advantage of. >> number two thing to watch tomorrow will be s&p and price of gold. s&p rallying .6 of a percent with new all-time high. gold settled at lowest level in three months. precious metal dropped to 1265 an ounce. will the slump continue. david: with all the money printing, the central banks of the world are doing, gold is going down. hard to figure. number one thing to watch
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tomorrow, we have basically come to the end of earnings season. we haven't heard from to brothers. the luxury homebuilder is reporting after the bell. revenue of 827 million. >> good need, everybody. gerri: hello, everybody i'm gerri willis. right now on "the willis report," the va in crisis. a whistle-blower tells us about on site drug dealing and patient abuse. also gm blames more crashes on that faulty ignition switch. we have important new information for consumers. the s&p five hundred hits another all-time high. we're watching out for you and your money on "the willis report." gerri: our top story tonight, first ebay. now spotify. hundreds of millions of americans are seeing their data compromised just this year alone. ebay recently admitting virtually all of its users sensitive data was compromise months ago.
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