tv After the Bell FOX Business June 3, 2014 4:00pm-5:01pm EDT
4:00 pm
creeping higher. right now 2.5%. that has been the trend the last couple days. [closing bell ringing] liz: headlines tomorrow, we can predict auto sales. estimates blow past estimates with most names and individual sales coming in very, very healthily. then of course, just a 16.7 million finally. david: we didn't mention apple. clawing back to pretty much return the gains to investors that they had lost yesterday. but as we look at all of what is happening, we see a lot of red arrows here. everything is red from the dow jones to the russell but not by much, liz. liz: krispy kreme had a rough day but so what. it is a little bit expected to a pullback from record runs but "after the bell" starts right now. david: for today's action, we
4:01 pm
have mark newton. greywolf execution partners chief technical analyst with four picks for to you add to your portfolio. rob stein, as store investment management ceo. he will tell us what he thinks is the biggest risk to the markets momentum right now. larry shover, sfg alternatives chief investment officer down at the wild cme. larry i want to start with you. >> wild. david: let's talk about two things investors are looking at. one is friday's jobs number. we'll get the may job report and two, thursday's european bank decision. put those two things in perspective for us. >> well we have two potential game-changing catalysts and that is what the market is waiting for. consensus seems to think draghi will underwhelm. however there is a chance he comes with a big punch that will promote risky behavior all around the financial markets, whether bank lending, manufacturing and inflation. that matters. when it comes to the labor
4:02 pm
report on friday, it is not so much job adds or unemployment report although they matter. more about wage inflation. recall last month, it was unchanged. we're looking for a .2 increase. that is a best gauge for inflation in our economy. so, our broad narrative has not changed sentiments become a little bit rose ier. people are waiting for two reports thursday and friday. liz: indeed. gary, guess what? we're here with mark newton. he doesn't sleep at night because he is calculating numbers in his head. mark, when you look at levels we've seen and slight pullback today, what does that all tell you in advance of numbers larry just talked about? >> indecision seems to rule the day. we had a sharp rally last two weeks. s&p and dow have been up 13% in last two trading days. to put this in perspective, we're at a level where it is important to be extremely selective what you own at this stage. everybody is looking forward to the ecb meeting and jobs report. we've seen movement in the euro
4:03 pm
back higher. a lot of european sovereign rates up last couple days, anticipating, you know, potentially things might no not be as dramatic out of ecb as we expect. from sentiment we see extremely high neutral readings, highest in 15 years. they have had five straight weeks much over 40%. people are scratching their heads and wondering what is the next direction here? we had a sharp rally. there are things to worry about with new stocks hitting new high territory. macroeconomic concerns. this and that. geopolitical reasons to be afraid. it is interesting and we're in area where i think is good risk/reward from trading perspective to consider lightening up between 1925 and 1935 in the s&p. all s&pes would need to get down under may lows to have new concerns and we just haven't seen that. >> we covered the waterfront.
4:04 pm
rob, i want to get very specific and talk about one thing that might happen in europe. there is talk that the central bank might have negative interest rates. that is, they would charge banks to keep deposits. how would that affect the world economy? would that affect markets here? >> yeah, it would. we've seen that before in switzerland. it is clearly trying to create an environment that's encouraging taking some risk, disincentivizing savings if you will. my guess is that would certainly put some downward pressure on the euro currency and have some slight to assets to the u.s., might find its way into the u.s. stock market. i don't think that's a likely scenario at this point. their unemployment rate there ticked down ever so slightly. i still see some optimistic opportunities in europe right now. if you're willing to take a little additional risk for a little further reward. but i think it is sort of much to do about nothing.
4:05 pm
i think it is sort of a boring environment. a couple numbers come out at the end of the week and not too much concern at this point. liz: larry, did you see anything in the bond market that surprised you or maybe arch and eyebrow or two? we were talking about yesterday how bond yields had been just a year or two ago at one and change. now at 2.59%. that has been the trade particularly lately but what is at heart here? what is really working this market? >> i think right now there is a pause and refresh. oh, good grief, is really good rates have climbed about 15, 16 basis points over the last several days. let's remind ourselves, that happened all around the world basically of the so i think we undershot the fact that momentum was cooling around the world. we had dovish policy. we have ammunition for the ecb on thursday. that said, we overdid it a little bit of people are saying, hey, maybe it is okay to sell h.
4:06 pm
yields don't deserve to be 2.40. maybe they need to be closer to 2.57 or three which they probably will be by the end of the third quarter. david: mark, let's get specific for investors out there. there is a company. i've been looking at its market action. frankly it is very inviting right now. i'm talking about whole foods. whole foods has come down enormously. their last report was not too good. there is a lot of competition from when they do with some of the more standard supermarket chains offering whole foods product. yet this company is unique. they have a wonderful, visionary founder who is actively involved. they provide service unlike that all of their competitors do not have. is it time to go into whole foods? >> i think we're getting very closer, david. this is precisely the kind of stocks to look for when the market has gotten overbought and started to show a few signs of rolling over a bit. whole foods has lost about half of its value of entire five-year bull run that the stock had from
4:07 pm
2008 to 2013. just in the last eight months, so the stock literally almost has been cut in half. at this point we are looking at very extremely oversold technical conditions getting down to levels right near, anywhere 34 1/2 to 35 1/2, i think just below current levels are a very good area to think the stock find good support. i like owning the stock here and looking to buy pullbacks in the weeks ahead and thinking the stock will likely move up to the mid 40s. that is one that looks extremely interesting to me. liz: let me jump to rob because your picks include first trust core and alpha decks energy select spdr. these are diverse sectors certainly but does that really protect you from any kind of potential downside you were referring to at the top of the show? >> yeah, i don't know it would protect you. if the market goes down, large cap value stocks will go down as well. we see we think opportunity there. the energy sector might zig when the market is zagging. there is a lot of things
4:08 pm
happening in the energy sector where profits margins are increasing. contribution to the payrolls number is increasing. we think you might get divergence there. you're seeing divergence in various sectors in this market and i think the downside is somewhat limited at this point. i don't see any overconcern over the next quarter that we have some substantial pullback or correction so i'm happy to be invested with those names. david: rob, thank you very much. mark newton, great to see you both. larry, we're not through with you yet. larry shover comes back when the s&p futures close. thanks, guys. venturing into the unknown has been paying off for investors with frontier markets, frontier markets. they are beyond the pale and outperforming both u.s. and emerging markets. we have three ways for you to get in on the frontier action. liz: what novak djokovic and bill ackman have in common? a tennis player and big money pe guy? they're both investing big-time
4:09 pm
in new tennis technology that is being used at this year's french open. we'll show it to you and talk to former world ranked player gordon yewling who has big stake in. david: where dot top venture capitalists think the next break through in technology is? the "forbes" has answers about how our world is going to change over the next five years. liz: tell us what you think. which area of your life will see the biggest technological breakthrough in the next five years? health care, love life? you name it. tweet us @fbnatb. your answers. could it be drones taking over? it is coming up. ♪. [ male announcer ] once, there was a man
4:10 pm
who found a magic seashell. it told him what was happening on the trading floor in real time. ♪ the shell brought him great fame. ♪ but then, one day, he noticed that everybody could have a magic seashell. [ indistinct talking ] [ male announcer ] right there in their trading platform. ♪ so the magic shell went back to being a...shell. get live squawks right in your trading platform with thinkorswim from td ameritrade.
4:12 pm
david: hillshire brand jumping big-time today at takeover battle for the food maker heats up. liz: it is good to be hillshire, isn't it? david: about 10%. liz: nicole petallides on the floor of the new york stock exchange. >> it has been a bidding war in the food industry and hillshire is unbelievable. another new high again today. it closed at 58.65, not too far off the high i just mentioned, up nine 1/2%. pilgrims pride down 2.2% of the story behind this you had
4:13 pm
pilgrims pride raising its offer for hillshire, trying to outdo tyson foods, also very interested in hillshire. so now the pilgrims pride bid, 7.7 billion, including the debt. you had tyson's with a 6.8 billion. hillshire said they will consider both of these offers. hillshire's known for jimmy dean sausages and the like. it said it too will continue with its takeover that it had planned of pinnacle foods. that is vlasic pickles. there is so much going on. this is so intertwined but hillshire certainly seems to be the belle of the ball. the stock has been running up recently. over three months it is up almost 45%. this is a story ongoing and one we'll continue to follow on fox biz. back to you, liz and dave. david: nicole, thank you very much. liz: the s&p futures are closing. let's head back to larry shover at cme. >> we can talk about markets
4:14 pm
being board or complacent and traders wasting for the next catalyst but the bottom line this to could be repeat of 1994 and 2:00 and we had a nice run-up and year prior and sit for a while. there is nothing to say we have to rally and break. we can sit here and bake for months and months. you have to be really sharp about it. it could happen. we have a lot of catalysts to look forward to but the bottom line we are growing. it will be a really, really hard year but we'll all make money doing it. david: larry shover, thanks very much. >> you're welcome. david: we told you yesterday on the show how frontier markets, we'll describe what that is, have soared lately since the beginning of last year. since last year, emerging market index is down more than 5%. but the frontier markets, that index is up 40%. liz: right. these are countries that require a lot more risk if you want the reward. how can you get in and how should you get? joining us now, allison graham,
4:15 pm
volton capital management and chief investment officer. begin with your definition of what a frontier market is. >> these are very early stage emerging markets. these are countries like bangladesh, vietnam and haven't quite made it into the emerging market index. david: when people hear, ukraine, the country in the news. i got an email from one of our reporters who is over there he said, is it over? not by a long shot. there is about to be a full-fledged war between russian fighters and ukrainian military. there will be a lot of bloodshed. why in god's name would you invest in a country about to go through that? >> these displacements and conflicts can create a lot of opportunities in frontiers. ukraine is a market we're following very closely. we're seeing companies trading pes of four or five times with very good earnings growth. even with all the dramatic news we're seeing the earnings of the companies are not actually impacted. so we think that with the new president and with a reforms that we hope they will implement
4:16 pm
they will actually be a good turn-around story. liz: we look at year-to-date picture of the ukrainian index, had you gone into as putin went into the crimea region, you would have made money certainly. again we want to establish there is a lot of risk if you want to try for the reward. now let's get to the areas where you feel the opportunity is greatest? >> i think we tend to look for turn around stories in general. so ukraine would certainly be one of those. another country we like is jamaica which lost quite a lot of value through the past few years. they have gone through debt restructuring and implementing macro reforms. they're following an imf program. regardless what is going on at the country level, the companies are doing quite well. so we see a lost opportunity there. david: now some of these countries, even pakistan is among those frontier countries that moved dramatically to the upside recently, can't they move just as dramatically to the downside? >> absolutely. we've seen that in quite a few countries. mongolia for instance, lost 50%
4:17 pm
last couple years. several markets. it is easy for them to lose value quickly. liz: malaysia is an interesting one. malaysia has been a nice performer but again it's a devicesy market along with -- dicey market, like names like bulgaria up 90%. nigeria has incredible return. when we show the map, a lot of african nations are considered a frontier market. any area there where you can dip a toe. >> africa is a interesting case. they had a nice run last year but we think valuations are quite high. people think frontiers are cheap markets but the fact is there are not at lot of listed securities in these countries and doesn't take a lost inflow of capital to push these countries quite high. david: day by day, month by month they move very dramatically. it may be better to get an etf to hold it over a long time. do you have suggestions of etfs here? >> main one trading diversified
4:18 pm
frontier markets i shares frontier index. we like that one because it has only frontier markets. david: the symbol very easy to remember, fm, frontier markets. >> exactly. it is a decent size. good liquidity. that is one we certainly like. there are another couple. there is guggenheim etf. liz: right. by the way some of the top names in guggenheim, there has been colombia. this looks like it is prettily heavyweighted to south america. you have a latin american airline group there. >> yeah. that is one of the issues that investors should look out for when they buy a frontier etf. a lot of them include mainstream and emerging markets. this isn't a problem generally but if you have already emerging market exposure you might want to check how much is frontier and how much is emerging. david: by the way there was study done about warn about frontier markets they could be less volatile over long term than emerging markets. there is a study done since you
4:19 pm
have so many local investors putting money in they know the bets better than foreign investors. therefore they're not likely to waste their money. >> that happens. there is actually more investment by local investors in these markets than we would imagine. david: yeah. >> but in addition whereas individual frontier countries could be extremely volatile, when you put them together in a pour foe, the volatility tend to even out a bit. liz: allison, nice to see you. we like to give our viewer investors a good idea. david: this is a good one. liz: a little corner of their portfolio. allison graham. >> thank you very much. liz: back to school more ways than one. we have unique way to look at college education. possibly could make you some money as well with quite a dividend right now. david: when you think of the next big thing in technology, robots, they could be at the top of your list but they're actually only a tip of the tech iceberg. we'll bring you top trend that venture capitalists, people who put their money where their
4:20 pm
mouth is, think they are important enough to invest in. liz: a hotel penthouse with a million dollar view is now the most expensive hotel accommodation in the u.s. how much will that view and that room cost you? we'll show you coming up. ♪ [ male announcer ] legalzoom has helped start over 1 million businesses. if you have a buness idea, we have a personalized legal solution that's right for you. with easy step-by-step guidance, we're here to help you turn your dream into a reali. start your business today with legalzoom.
4:21 pm
will you be a sound sleeper, or a mouth breather? a mouth breather! [ whimpers ] how do you sleep like that? well, put on a breathe right strip and shut your mouth. allergy medicines open your nose over time, but add a breathe right strip and pow! it instantly opens your nose up to 38% more. so you can breathe and do the one thing you want to do -- sleep. add breathe right to your allergy medicine. shut your mouth and sleep right. breathe right.
4:23 pm
add breathe right to your allergy medicine. that corporate trial by fire when every slacker gets his due. and yet, there's someone around the office who hasn't had a performance review in a while. someone whose poor performance is slowing down the entire organization. i'm looking at you phone company dsl. check your speed. see how fast your internet can be. switch now and add voice and tv for $34.90. comcast business built for business. liz: time for a quick speed read of some of the day's other headlines, five stories, one minute. first up, seattle raising its minimum wage to $15 an hour, that is now the highest in the country. that will apply to large businesses by 2017 and to all businesses by 2021. panera getting rid of artificial food additives in all
4:24 pm
its products. it plans to dump artificial flavors, sweeteners, preservatives from its menu by the end of 2016. sony pulling plug on handheld portable videogame system after 10 years. the company said shipments end in japan this month and worldwide later this year. j.m. smucker raising package coffee prices by 9%, including products sold under folgers and dunkin' donuts brand. the company is hiking prices for the first time in three years due to soaring coffee costs. the federal aviation administration may let moviemakers film with drones. seven aerial video and photography firms petitioned the faa to commercial ban on drone use. [buzzer] that is today's "speed read." david: just under the wire. every year five prominent venture capitalists are asked for two predictions on tech trends that could have massive impact on our lives and our investments.
4:25 pm
it is a fascinating exercise, crystal ball grazing if you will, putting money where their mouth is. rich karlgaard attended the top 10 tech trends dinner. there is churchhill club, we don't need to go into it. basically we get the idea of all of these trend, some of them might not sound as sexy as robots or drones but in the banking industry in general, there are some big trends that are coming. explain what is going to happen. there is a woman named rebecca lindh who presented these. >> sure, david. there is a big theme out there that affects a lot of industries, including banking, how you rent a place to stay and how you book a cab. it is called peer-to-peer. in the case of cabs it is a company like uber. in case of people renting out rooms in their house it is called airbnb. in banking we see the rise of individual lending networks.
4:26 pm
i don't think there is any doubt about. that the technology is there to support it. david: okay, health care. now what i love about the, i love a lot of things about the free market but particularly the way it goes around bad policy. for all the flaws in obamacare, the market continues to think of new ways to deal with health care. there are two that are mentioned by a guy named brian roberts. he is a big venture capitalist. one is in the insurance industry. describe how tech changes might really change the way insurance works. >> well, let me talk about the other one, david. david: spot pricing. >> remind me what it was. david: spot pricing. >> spot pricing of medical services. this is a really great one because there is so much unused infrastructure in medical technology today. you think about how expensive an mri machine is and how expensive mris are but that mri machine is only used about eight hours a day. imagine if you had a market that ran 24/7.
4:27 pm
you would have people willing to get an mri in 2:00 in the morning at discounted price, 57% off. maybe i won't and maybe you wouldn't but would be a lot of people out there. that is what brian is talking about. the internet facilitates a market like that. david: is he putting money into specific technology that would accommodate that trend? >> yeah. brian was is with a premier venture capital film called venroc. it was started to invest rockefeller money back in the 1930s. they have a big portfolio of health care companies. david: home software, we know our homes are being wired with all kind of technology so you can start the furnace when you're away with your cell phone, et cetera, that kind of a thing. of course alarm systems, et cetera. that leads to the possibilities of cyber attacks and cyber attacks, particularly on your home that is kind of a scary thing. there is a guy named ping lee talking about that at the dinner. explain. >> well, yeah.
4:28 pm
you know most, cyber attacks on home networks is going to occur as people network up their homes and so their television and computers and they will stats so on can all be operated from their mobile phone. that all sound cool and sound at first blush, when hacking into those systems maybe you're causing some people inconvenience. the way that teenagers used to call you up and ask if your refrigerator was running. now they will, tamper with your refrigerator. but it is really a lot more ominous than that that is slowly over time, serious hackers who are out to make a lot of money can get into your passwords, get into your credit cards without you noticing it. one, pearl harbor moment in security, david, will be when substantial portion of americans wake up one day and they check their 401(k) balance and number is zero. that will be an awful day. the hackers have decided if they can't penetrate schwab or fidelity maybe they can mimic
4:29 pm
users. david: you mentioned credit cards. james shroff vet, that is how i pronounce his name. he is talk about credit cards essentially becoming little computers. there is, there is a lot those cards that you carry in your pocket could do that they're not now doing. explain the evolution of credit cards. >> well credit cards could get more powerful as they become screens. they can record and do voice recognition, all that stuff. but at the same time, the mobile phone is getting thinner and thinner and thinner. so there's a good debate whether the mobile phone is going to subsume the credit card just as it subsumed cameras and video cameras, so many different things or whether the credit card will be a discrete device. the great thing, you were talking about earlier segment about frontier markets. david: right. >> pakistan, africa, places like that. mobile banking whether from a phone or credit card will make a huge difference and begin to lift these countries out of
4:30 pm
poverty. people will make a lot of money on those technologies helping frontier economies. david: when you visit you won't have to worry about exchanging currency or any of that stuff. good stuff. thank you very much. rich karlgaard, publisher of "forbes" magazine. catch rich and myself on "forbes on fox." that's every saturday, 11:00 a.m. eastern time on the fox news channel. join the conversation, what area of your life do you think we're going to see the biggest technological breakthroughs in over the next five years? tweet us @fbnatb. your answers coming up. liz? liz: david, who says technology is for nerds. novak djokovic and billie jean king are two of the tennis greats jumping at the chance to invest in brand new technology that could revolutionize the game and maybe other sports too. we'll tell you what is take tennis world by storm with former world ranking player. in 10 years between 2012 and 2022, expected three million students are expected toenroll
4:31 pm
in u.s. colleges. where is the money? up next we'll tell you how you the investor can get in on the action. stay tuned. ♪. what would you do?" ♪ [ woman ] i'd be a writer. [ man ] i'd be a baker. [ woman ] i wanna be a pie maker. [ man ] i wanna be a pilot. [ woman ] i'd be an architect. what if i told you someone could pay you and what if that person were you? ♪ when you think about it, isn't that what retirement should be, paying ourselves to do what we love? ♪ but with less ergy, moodiness, ti 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,
4:32 pm
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 and 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.
4:33 pm
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.
4:34 pm
4:35 pm
leveling off enrollment in public, specifically public four-year colleges rose .7 of a percent between last year and 2014. how can investors benefit from what could possibly be the start of an impending rise in college enrollment? campus crest, got to describe this company to you. it is the second largest student housing reit in the world and it is located in markets with tremendous pent-up demand. joining me now is campus crest ceo ted rollins. howing and this is all bundled together in a real estate invest trust with a pretty nice dividend. >> that's right. liz: what is the dividend? >> the dividend is 7.6%, liz. it is a great opportunity. liz: great opportunity. talk about how it works. >> the company is really founded on a vertical platform and what we're able to do we control the asset from the beginning of the story to the end. what i mean by that, is that we have a development company, a construction, general contracting business, operations
4:36 pm
business, property management business and asset management business. that allows us to deliver superior asset to typical discount after general contractor 20 to 25%. so our investors are getting assets at a discount because we control the delivery methodology. liz: now, you would be getting the stock at a discount. it is down 30% year-over-year. >> yes. liz: you went publicly recently. you've been here before. we always like to bring people back. lookings here is what happened since you were here and you were much smaller. you have 82 property in 63 markets, 27 states. >> yes. liz: what is your growth trajectory going forward? >> our growth trajectory is pretty consistent. we have three brands. last time i was here we had one brand. we have town home brand, urban brand. we have price points in a market. as you see us continue to grow, liz we'll grow in those markets by not having only more markets but more penetration in the markets. liz: they're in the regions of
4:37 pm
public four year institutions. >> that's correct. liz: talk about what colleges are near and real opportunity? >> we focus on four-year public institutions. you put up .7% growth rate in the enrollment. that is where the bulk of kids in the u.s. go to school. it is greatest value for education. our average tuition is $10,000 a year. we're in markets -- liz: i wish i lived i was at a place like this when i was berkeley. i lived in back house, i don't know, they were insane and no grounded electricity. i would live there in two seconds. what is price point of average apartment or room there. >> the price point is in line with the dorms. our whole investment thesis to build a fair product, great value and price in line with the dorms. there is no economic change for mom and dad when they move out of the dorms. liz: you got that bonfire to make -- study of course. >> i can tell you like snores. liz: they're studying very hard. pool party. where do you hope to expand in the near future? >> you will see us expand in the
4:38 pm
middle of the country. we're in the midwest. we're going to the northeast. we have start of a footprint in the west and we continue to grow. liz: spinning it forward to private universities? >> look at private schools, most of them house majority of students on campus. we're a off campus provider of housing there is not that same growth an opportunity. what we see the private market those tuition price are getting to the point where we see migration into the public market for mom and dad. liz: pitch your audience. why has it fallen so much. i'm nervous getting into ccg. go ahead. you have an investor audience looking for interesting trade. >> right now good entry point in our company. we're growing. we have three brands. we're process of digesting an acquisition. we acquired a company in copper beach town home business. that is poised to grow. the dividend's strong. we have good coverage on the dividend if you look on annual basis. the market is robust right now.
4:39 pm
the kids are growing. going to college. liz: economy is better. people might have a little more money to send kids to school. >> right. we're value priced. we're not at the top end of the market. we deliver that because of discount and costs of very fair competitive market. liz: you and your partner mike hartman started in what, in 2004, with 17 grand. look at you today. publicly-traded. moving on up. >> good to see you. liz: ted rollins, campus crest ceo. ticker symbol ccg. >> thanks. liz: david, did you see those places? david: i had housing like the one you described. i was drooling looking at those places. there is new meaning to mixed pairs. billionaire bill ackman and tennis great billie jean king both betting big on new tennis technology made its way on to the french open. we'll show it to you and talk to a former world ranked tennis player who is using the technology to train superstars and future stars. also auto regulations are costing the economy billions of dollars every year. be making your new car a lot more expensive.
4:40 pm
details ahead. tech gets all the attention when it comes to ipos. but the best performing one over the next year has nothing to do with the cloud or drones. it digs sand and it is up 536%. which one is it? we'll tell you coming next. ♪ we're moving our company to new york state. the numbers are impressive. over 400,000 new private sector jobs... making new york state number two in the nation in new private sector job creation... with 10 regional development strategies to fit your business needs. and now it's even better because they've introduced startup new york... with the state creating dozens of tax-free zones where businesses pay no taxes for ten years. become the next business to discover the new new york. [ male announcer ] see if your business qualifies. i got more advice than i knew what to do with. what i needed was information i could trust
4:41 pm
on how to take care of me and my baby. luckily, unitedhealthcare has a simple program that helps moms stay on track with their doctors and get the right care and guidance-before and after the baby is born. simple is good right now. (anncr vo) innovations that work for you. that's health in numbers. unitedhealthcare.
4:43 pm
4:44 pm
hottest ipo over the last year, forget about the cloud or social media or the latest biotech trend. think sand. that's right, plain ol' sand. emerge energy services, a sand mining company is the best performing company that went public last year. it has rallied 536% since its debut in may 2013. the fast-growing firm has gotten a big boost from selling sand to oil and gas drillers who are involved of course in fracking. this year alone, emerge energy has climbed more than 120%. not bad, compare that to other newly listed companies like twitter which is down 27% or king digital entertainment, down 14%. just plain ol' sand. liz: so much more "candy crush" versus sand. david: exactly. >> the french open, roland geir rose, underway. when people are not competing you can bet they're practicing trying to get those strokes perfectly down. getting in on some practice action this year is brand new technology called play site. david: the new product has ad
4:45 pm
track ad lot of attention especially from investors include tennis pro, novak djokovic and hedge fund billionaire bill ackman. with us the former world ranked tennis player and a play site investor. you not only use it at work but invest in it. >> i love it. david: explain for our viewers how the technology can make a player better. >> it is five cameras and kiosk. it triangulates and get statistics and analysis from all angles. david: you use the technology with the player. you go over it with them. >> depends on what you're working on. if you work on technique you can work on this. work on distance covered on the court or calories burned. or unforced errors in a match. auto tags everything on its own which is just unreal. liz: to catch the attention of tennis players who want to get better every step of the way, i get that. to catch the attention of big-time investors like bill ackman of pershing that's huge.
4:46 pm
>> yeah. liz: how did he become involved? >> i invited him in my house to see it. we put one in a year ago and blown away as well as novak djokovic who stays with me at the u.s. open. they almost felt like it was candid camera going on. how is this happening? all the video and statistics combined in real time. david: does djokovic notice improvement? has he seen his -- >> he used it a few times. but we'll put one in monte carlo and outdoor courts by the new jersey and u.s. open. he is exciting to use it. trying to improve technically or tactically and gives you things real time. liz: what are you using at roland? do you allow players to use it during practice and wimbledon is coming up? >> we hope they will get many more. liz: i would think the country club circuit would love love to have this. >> all circuits. colleges, high schools. we were looking to have this everywhere. david: how much does it cost? >> very affordable.
4:47 pm
$10,000 a court. david: 10,000 a court. >> and 10,000 a court and licensing fee each month. it comes down to around $20 per day if you're itemize it. liz: oh okay. so that's it? >> that's it. so what we do, we have private lessons. charge an extra $10 a lesson and incorporate the program and have a better program so players get better. liz: arguably, the other sports when it comes to this kind of technology. >> not at court sense. you're right in general. 10 miss is -- tennis is second to last using technology. boxing, then tennis. governor is very high. we're trying to change that. david: liz spent many years training to be a tennis player, right? liz: lessons. >> told you have to come by. liz: tennis camp. i'm horrible. david: i heard your sales pitch to her by the way. how successful are you? to whom do you pitch the sales of this new method? is it just the pros or -- >> no. we're looking to have everybody use this.
4:48 pm
like ucl of the a and ucs it looking at it. georgia who won ncaas looking at it and put one in. high schools, very affordable solution. not like high-end things at u.s. open. same statistics and no operators. i have seven or eight years old using on their own. it is incredible. liz: getting more people to sign up for the sport, like skiing it isn't cheap. some people have not put kids into lessons because it is expensive. this arguably adds to the cost but perhaps the payoff as well? >> yeah. if you see things, we like to do things objectively as possible. coaches this, that, other thing but here it is. these are the facts. you are not turning enough. or you have these unforced errors that shouldn't have happened. to show that to a player gives them incredible insight. david: by the way, new company, new technology. are you hiring new people. >> we are. expanding very quickly. we raised $3.5 million recently thanks to bill ackman, novak
4:49 pm
djokovic, billie jean king, dr. jim lehrer, myself. david: do coaches have to be retrained. >> not too much. it is quite easy, in an hour they're really trained up. like using an iphone. you have to train a lot using iphone? liz: practice. >> a little bit. but it is quite friendly to use. liz: paul playsight. wait until you go public. goard an ewing, how high did you get. >> 900. i was hockey player most of my career. david: rangers fan. >> big rangers fan. liz: no. >> i was front page of "new york times" when maton had the big goal. david: she is from l.a. liz is from l.a. lifelong kings fan. >> we've got rivalry going good to see you. >> thank you. david: congratulations. best of luck. sound great. google glass has been widely panned for looking kind of ugly, frankly. what happens when legendary fashion designer diane von furstenberg adds her touch?
4:50 pm
4:54 pm
liz: let's go "off the desk." do you want google glass but hate the way those glasses look? david: yes! liz: now you can go from drab to fab. google partnered with legendary designer diane von furstenberg to create a ultimate wearable tech fashion statement of the designer came up with five new frames and eight new shades to spice up the google glass. the frames are detachable from the high-tech head piece. so, david, you can change the look to fit your mood. the frames will be available for purchase june 23rd. no word on the price. david: eventually will be contact lenses so won't matter at all. also "off the desk," do you need a night away from everything? settle in at the thai warner penthouse in the four seasons in new york city. this is, ladies and gentlemen, the most expensive hotel in the usa. for a non-negotiatable rate of
4:55 pm
$45,000 a night, you get a penthouse, 700 feet above the city. beautiful panoramic views. fireplace. that is not all. a private butler for the evening. as well as chauffeur who drives you in what else, a rolls royce. you will sleep like a king or queen in the penthouse's $65,000 bed. 22-carat gold is woven throughout the sheets. liz: ouch. scratch me. we asked you on facebook and twitter, which area of your life will see the biggest technological breakthroughs in the next five years. so here are your answers. elijah, hi, told us on twitter. currency. david: short and simple, to the point. phillip on twitter told us he thinks computers will make a come back strong. liz: and joe thinks one thing that will change technology is a whole, as a whole is grafhine. that is the flexible foldable touch-screen, i saw that at hewlett-packard in their lab. fascinating.
4:56 pm
4:58 pm
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. david: car regulations, did you realize they're costing the american economy more than $10 billion a year in lost sales and employment? liz: fox news's doug mckelway is live from d.c. with the story. doug, these regulations affects price, look, design, engineering, i guess in ways buyers don't often seem to notice. >> in fact there are new car regulations not only here but europe and japan that affect lives here. since american carmakers sell in those country it is affects u.s. designs. it requires the hood of a car to be three inches higher than the engine block. when pedestrians are struck by a car the head inevitably strikes the hood and hood will crumple
4:59 pm
which is good when the crumple reaches engine block and causes trauma. raise the hood, right? not that simple. means windshields must become shorter and motorists see over the raised hood. that means raising sheet level rises to sheet level. that means bigger wheels and older smaller ones may be out of scale. you may have notice ad cookie cutter look to knew cars? that explains it. one of many small parts of a ray of regulations that increase car prices 21.5% before they even leave the factory. then, they are regulations at dealership that also affect car prices a new study commissioned by auto dealers they're hit with more than $3 billion in regulatory costs every year, 183,000 per dealer, about 1/5 of their net profits. >> so, but the total cost that we have, we have a huge impact on local economy and jobs. and, this regulations are
5:00 pm
absolutely crushing entrepreneurship in this country. >> we spoke to one dealer who described how 50 of his staff devoted at least some of their time to regulation compliance. back to you guys in new york. david: maybe gone a little too far. doug, appreciate it. liz: "the willis report" is coming up next. hi, gerry. we've been talking about auto sales throughout the show. you can't ignore it. but you're looking at new information on the rising death toll from gm's massive recall. gerri: we are indeed. the sales story very big indeed. rising toll on deaths. brand spanking new information, the response by gm to a lawsuit by a boy one of these cars the family maintains had a faulty ignition switch. the company maintaining, hey, it is old gm's fault, not the new gm's fault. all of us will continue covering this gm story. david: we'll be watching in fact. going to be watching right now. gerri, thank you very much. see you all tomorrow. gerri: thanks, guys.
135 Views
IN COLLECTIONS
FOX Business Television Archive Television Archive News Search ServiceUploaded by TV Archive on