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tv   After the Bell  FOX Business  June 19, 2014 4:00pm-5:01pm EDT

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but it certainly seems no doubt -- [inaudible] $43. liz: a record for the s&p, i believe that's the 21st of the year as the s&p pushes out a two-point gain. it's really just a fraction of a percent, but a gain is a gain. david: it's a record. liz: they're still settling, so a last minute trade may come in, but for the moment, looks like the s&p makes it. there was a big hammock moment, we call that when you start like this, you come down and go back up during the day for many of the indices, but not so for the nasdaq. "after the bell" starts right now. ♪ ♪ david: by the way, we have oracle earnings coming out any moment. we'll bring those to you live. let's get to the market action of today, tim courtney says
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global diversification is key right now. gary rand, capital partners' founder and chairman, has three beaten-down stocks that every investor should own, and scott in the pits of the cme. i want to start with gold. iraq has been a problem for a while, so it wasn't just iraq. what is it? what's driving gold up right now? >> i think it's a little bit of a short squeeze. gold's come off here for a while. i only have two reasons i want to buy gold, if there's some sort of armageddon and i don't see it, or asen inflation edge, and i don't see it per janet yellen yesterday. so if there isn't any inflation and i don't see armageddon, let this happen. but when it starts to stall out, shoot it out of the sky because i think the real worry is deflation, and in a deflationary environment, this gold is way too expensive. liz: okay. while we're talking, the numbers for oracle a have started to move. we don't want to get them incorrect, but we can put up the stock reaction, and it is negative at the moment.
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oracle's stock is moving down in the after market session. one of the flashes that i'm seeing here is that quarterly new software license revenues were unchanged. when you have no new software licenses, that is certainly interesting. let's get right to the numbers. go. we've got 93 cents, that is a miss. that could also be it. and then the -- okay, 11.3, it's a miss on both the top and bottom line. david: by the way, charles brady here at fox business has told us, he told us about a half hour ago you could expect a 5% move in the stock after earnings. we're getting just about exactly that, in fact, it's going further to the negative. this was, the stock did hit a 52-week high today, so there may be some people that think it is topped out at current levels. let's go to our panel. tim courtney, gary rand. gary, as you look at these numbers from oracle, you see that happening a lot. by the way, there was a number
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of stocks on which there was profit taking today including amazon, fedex, chart industries, a natural gas play. is that what's happening here, or are investors beginning to think maybe i'll take something off of the top? >> i think you've seen a move all year out of growth and into value, and i think you can expect to see more of that, and i think the news you just reported on oracle is probably going to be an impetus to sell or call and put the -- oracle and put the money somewhere else. liz: not say, for example, an sap which is closer to its 52-week high, and it's a competitor. it managed to see a gain today. the german software giant, one of the things oracle has desperately wanted to do is really own the cloud. do they,? >> you know, i think oracle is one of many cloud players, and i think no one's going to really own the cloud. amazon, obviously, is a strong contender there. but i think the cloud is a large market today and is only growing, and there'll be many
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players with a piece of the cloud. david: tim courtney, we've been hearing about slow growth recently from everybody from yanlt yellen -- janet yellen to the imf. is that concern of yours? >> yeah. i'd say that's our biggest concern is what growth is going to be over the rest of the year. you know, the market fundamentals look good here. you know, the markets are near all-time highs because our gdp is near an all-time high. global trade is at an all-time high. corporate profitability is at an all-time high, so the fundamentals are strong, but the less growth we have, the less margin for error that we have in the market pricing. so that's one of the things we're looking at. we think the market is probably priced for this slow growth, but it doesn't leave a whole lot of room for error. liz: let me just say, scott, that while we're still hearing the yelling in the pits there in chicago, the areas that we saw the most green today happen to be international etfs.
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i'm just wondering if when you hear guys like tony and jeff who were in the top of the last half hour there talking about why they feel there might be a correction but go with it, don't worry, people are still is nervous. they're looking for better value in emerging markets. are you seeing any flows on the floor of the cme toward that area? >> yes, we are just a little bit, you know? we've had our story last year, and i think folks even now six months into this year are still looking for another story, and they just don't quite think it's going to be the u.s. i really don't think we have any growth. you remember we've been throwing the kitchen sink and 85 billion a month, now we've tapered a lot of it out, but we're still not anywhere near where we need to be with jobs, with house, with a lot of the key indicators that are going to get us out of this mess. with what the ecb just did, there could be opportunities over in europe as well. so there are other opportunities that might give you more bang for your buck this year than the u.s. because we still haven't proven to anybody here behind me
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that we're anywhere near getting out of our problems anytime soon. david: and i know, gary, you were overweight overseas, and you think there are great opportunities. let me just take two areas and fight back on that. emerging markets, we're going to do a segment coming up that's talking about brazilians bringing their money here because they're so concerned about the brazilian economy tanking right now. other emerging markets are not doing the too well. look at argentina, for example. i was just in paris. now, i don't want to base an anecdote on investment or base investment strategy on one anecdote, but they are having strikes every day in paris. i know strikes in france are not that unusual, but all over europe people are worried about prices going higher, having less money, more money spent on food means less money spent on goods that are manufactured. isn't there a problem overseas both in emerging markets and in europe? >> well, first, let's talk about emerging markets. recently, the emerging market
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index was reconfigured to include countries that were firmly considered frontier markets. we like those markets more than the countries you just mentioned, for example, brazil or argentina. i think you really have to separate the good economies from the problems in the emerging market. and europe, it's almost a similar situation. you mentioned france. france had a lot of political unrest currently social problems. that wouldn't be maybe the place where you find a lot of opportunities, but maybe in some of the periphery european, more eastern european and smaller central european or western european countries. liz: jimmy rogers was on here saying he finally likes russia, and he likes to go in when things are really difficult. tim, let's get to some of your picks here, and they are in certain cases etf bes. schwab international small companies, so we've got some funds in here along with invesco equal weight. what is the theme that you want
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to leave viewers with as far as all three names are concerned? >> yeah. i think the overall theme is like was mentioned earlier, value tends to outperform growth. that's happening this year. so in the united states when you take ap equal weight in the s&p 500, you tend to tilt towards value, we like that. and internationally, international small caps and investments like emerging markets value are two of the only areas trading below their book value still. and so picking up those areas of the marketplace at relative good prices anywhere between 25 and 40% discount to comparable u.s. companies should lead to good future returns. david: scott, they're going to kill me, but i have to ask. janet yellen saying she didn't see much leveraging in this market. what do you say to janet? >> i think she's stoking exactly what she's supposed to be preventing. i think that what came out of her mouth yesterday is going to invite more risk, invite more leverage and actually give some people the false hope that there is no risk.
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let's watch the vixx. that's going to tell you what the market thinks she said, and it's going lower. david: i had to give you that opportunity. scott, we're going to see you in a couple of minutes when the markets close. appreciate it. liz: investors appear to be losing confidence with home builders in particular seeing record bearish bets last week in the option toes market. you need to get those signals from the option toes market which leads us to the question: will the sector crumble, or is this a buying opportunity? david: also, sunni rebels have taken control of an oil refinery. if iraq's isle begins to go offsign, can the rest of -- offline, can the rest of the world carry the load? liz: and a bitcoin type of company looking to score the a touchdown, becoming the sponsor of a college bowl going mainstream. the first major sports deal for the bitdown world. could it be a game changer as it
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fights to make your cash and your credit cards obsolete. we had a big day. executive chairman in a fox business exclusive. david: also, tell us what you think. because of this interest in bitcoin, has it won back the support of investors? remember, they had a scandal not long ago, everybody said that was it? looks like it's making a comeback. what do you think? tweet us @fbnatb. your answers straight ahead. ♪ ♪ [ male announcer ] once, there was a man who found a magic seashell. it told him what was happening on the trading floor
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♪ my mom works at ge. ♪ ♪ liz: when a company like oracle misses on both the top and bottom line, the stock, yeah, it's not a surprise, it's falling. david: let's head back to nicole petallides on the floor of the new york stock exchange. charlie brady said at least a 5% move, it's more than that. >> reporter: yeah, it really is. social security -- it's certainly going down, down about 7%. 93 cents, earnings per share, that miss the 95 expectation. and revenue at $11.5 billion, that was the estimate, and revenue was $11.3 billion. so as you noted, missing on the top and bottom line. the bid-ask in the $39 range. it closed at $42.51, and everybody was just looking for
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more. numbers came in relatively flat. flat for new software sales, internet-based software subscriptions. those areas in the fiscal fourth quarter, they were unchanged from a year earlier. the projections were from flat to upwards of 10%. so right at the bottom line of that range, that is not reassuring. the other things that we should note, the good news here, they are continuing to spend in the cloud area, they have now become the second largest cloud company. they declared a quarterly dave tend of 12 cents. year to date it's still a winner, it's up about 11%, and over the last 52 weeks up about 25%. you can see the bid-ask is already beginning to get improved. back to you. liz russ we have breaking news on -- liz: we have breaking news on carl icahn and family dollar. as you know, he had taken a stake in family dollar. maybe we can put up a stock. the billionaire activist investor is now saying it is, quote, imperative that family
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dollar be put up for sale immediately, telling dow jones industrials we believe ap overwhelming majority -- an overwhelming majority of family dollar shareholders would be in a favor of a sale. we would like to work in a friendly and collaborative manner with family dollar. they want three representatives -- this is par for the course with him -- he wants three representatives added to family dollar's board immediately. what will he do? according to dow jones, carl icahn will appeal directly to family dollar shareholders if he cannot convince management to achieve that sale in a collaborative way. so anybody who thought he was come anything as sort of a nice -- coming in as sort of a nice, happy, calm person, no, that's not his way. in many of these cases, carl icahn is pushing family dollar to put itself up for sale, the stock is currently moving higher by $2. david: yeah, about 2% it's up right now. so we will see what happens.
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again, it's one to look for tomorrow. liz: okay. looks like investors are starting the believe that the foundations of the housing market are beginning to crack a bit more. the home builder ets saw record bearish bets in the options market week, and investors ended up pulling $104 million there the fund. that happens to be the most since march. david: so is this a buying opportunity, or will the market continue to crumble? with us is megan mcgrath, analyst at mkm partners. crumble is too strong a word, but the question is whether it's going down. everybody expected this big jump after the terrible winter. the big jump in housing did not happen. so some people are thinking that it might turn into a bear market and to bet against it. are they right or wrong? >> i new in the short -- i think in the short term they're wrong. i actually think we could see a rally this summer. i think it's a little bit late to put on your bearish bets, should have been put them on in february. with the s&p reaching new highs,
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people are surfing around these sectors that have lagged. nobody showed up to buy. but i think if things stay flat x that's what we're hearing, we're going to start to get some easy comps starting in july. that's when we saw the hit from the mortgage rate spike last year. so optically, the headlines are going to start to look better, home builders are going to start to talk about year-over-year growth again. so i think we could see a summer rally this these shares. -- in these shares. we're more cautious running into 2015, but i think you go long. liz: what's the best way for an investor who believes what you're saying to get in? buy the home builders or perhaps some of the derivative plays like the eagle materials or the companies that put this natural gas generators? what are the creative and most, i guess, the gutsiest opportunities that will give people the most yield? >> yeah. well, the home builders are your higher brand name. they're a little riskier.
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so if you want more of a story than a macro play, then maybe you shift to the building products names. you go with a company which has some nice upside. new ceo, has expones pose your to new home construction but also to repair and remodel, and that's a nice story we also think over the next year is going to benefit not only from new construction, but from higher home equity. david: let's talk about dr horton. they also deal with entry-level homes, and i'm just wondering with first-time home buyers not coming up to the plate, isn't that a problem for dr horton? >> historically they've been a first-time buyer company, but now they're actually shifting to what they call entry level. david: what's the difference between entry level and first-time buyers? >> what we've seen, you're a first-time buyer, but you're paying $250, $300,000 for a home. that's not typically your entry-level buyer. horton is trying to position themselves when this first-time
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buyer can come back. they want to be positioned for that buyer. this is 100,000 to $150,000 home. no one is serving those customers, so i think it's an interesting move. thaw might be early, but i think they're one of the only ones going there. liz: do you like a kb home? that's a slightly different type of lay. >> it is. they're very geographically focused, texas and california are there two big bets. the stock has lagged significantly, probably trading at about 1.1 times book -- liz: that's where you want to buy it, right? >> it is, but i think it's going to take a little bit longer to get paid in that story. they have some accounting issues they need to get through, and they need to prove to investors that california is solid, that it's not going to fall apart if the housing market slows down. david: smaller company like hovnanian? >> there's a couple of stocks that i'm worried about, stocks that trade more on price to earnings than price to book, and i think hovnanian's one of those. as we start to get into a flattish market, your earnings are more at risk than your book
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value. david: megan mcgrath, great to have you here. please come back. well, iraq is on fire, of course. president obama, he is sending some u.s. military advisers. but what will happen to oil prices if the country's oil wells go offline entirely? we're going to find out exactly how overall oil prices could go coming up. liz: there's a lot more to brazil than the world cup including a sluggish economy. forget the protests, okay? look north to america. where are brazilian real estate investors putting their money now? david: also think beer when it comes to the world's oldest company. some of the others will surprise you. we've got the logos coming up. details next. ♪ ♪ so i can reach ally bank 24/7 but there are no branches?
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liz: time for a quick speed read, sof the today's headlines. first up, u.s. share buybacks and def tend payments hit a record high in the first quarter. companies chose to boost shareholder returns in the absence of robust revenue growth. two senators are proposing a 12 credibility hike in federal gas tax to rescue strained federal transportation funding. this is the first proposal for a gas tax hike since 1993. fee that has banned its players from wearing beats headphones due to a licensing deal the association has with sony. players are banned from wearing the rival headphones at all official be world cup venues. facebook wiped out across multiple countries this morning, shutting out millions of users
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for a brief period, the social media site is now back up and running. the board of retailer american apparel fired. he's also the founder. he's been fired for alleged misconduct, the controversial ex-ceo faces a series of sexual harassment suits filed by employees during his time at the company, and that is today's speed read. he founded that company. ♪ ♪ david: well, oil prices push higher, extending gains in late trading after president obama said the u.s. would send military advisers to iraq, but u.s. forces in general would not return to combat. so could oil prices push even higher based on that news? we've got someone who says $200 per barrel is not out of the question. joining me now is chris mortonson. i wish i could say this is good news, but it's not at all good news from your perspective, and i think in fairness to your perspective, it doesn't look like isis, the group that is going to be taking over parts of
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the oil-producing areas of iraq, are going to be at all friendly to oil companies. in fact ors oil companies are -- oil companies are getting rid of personnel right now, correct? >> absolutely right. exxon did a mass exodus of their employees, bp cut theirs about 20%. we haven't heard from the other ones, but i'm sure they're all very nervous at this point in time. david: now, the worst part of all this is, of course, the human tragedy. but in terms of oil production, iraq had been increasing dramatically its online production. i mean, i believe it has increased its oil production by about two million barrels a day over the past few years, right? >> oh, absolutely, it has. it's up at about 3.2 million barrels a day in 2013, it's capable of 3.5 million barrels, and it can export 2.5 million barrels of those. those are really important barrels for the world market right now which is incredibly tight. david: and it could be producing more. the iea just forecast in 2012
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that it could double it production up to about six million barrels a day. is that just totally gone now, those predictions? >> i think those are gone. this is absolutely no chance that they're going to be able to get to the oil fields in the north. now, these are the oil fields up around kirkuk and the kurdistan areas up there. those have not really been tapped. they're kind of offline. they're big, they're gigantic, they're really attractive. you would need to get foreign investment, so i think those are offline. the best case scenario i've got right now if isis doesn't move forward and the situation in the south doesn't get any worse. under that scenario, i still see world oil traveling from 114 to maybe 120 by year end. that's just because we need more iraqi oil production in order to meet world demand by year end. david: let me push back a little, particularly about the north. the kurds have taken other areas in the northwest that they had
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sort of, kind of a relaxed way of taking over in the past. now they are really defining their borders and what they control. they are much more friendly to the west than anybody else in iraq is. they might be friendly to oil companies. wouldn't at least in the areas of kurdistan oil production continue and perhaps even increase? >> well, it could. the problem is how they're going to get the oil out of there. so a couple of major pipelines, one heading north, one heading north and then west, are both running through isis-controlled territory at this time, but the real battle is around the refinery that's happening right now. sounds like the rebels might have control of that. they've flown some flags off of the control towers. if that refinery goes offline, that is supplying the fuel that's running the electrical system in the north. if you don't have electricity, you can't operate oil fields. we're going to have to see how that develops. but even if the kurds want to invite seem in, i would submit until the situation is
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stabilized, nobody's going to be pouring billions of dollars in there anytime soon. david: okay. now, despite the fact that iraq has doubled its oil production in the past couple of years, it is still only 4% of the world's oil supply on a daily basis. how could a country that only produces 4% of the world's oil supply, how could its absence actually double the price of oil? >> well, it's -- this is a market that really operates at the margin. 4% doesn't sound like a lot, but it is a lot. and in particular, if the iraq situation gets to the point where all of the iraq production goes off line, we're basically talking a libya scenario. so libya was producing quite happily, all of a sudden moammar gadhafi's overthrown, they get into sectarian violence. they're exporting zero at this point in time. the possibility if you have a situation where iraq goes completely offline, this could really spread and become more of a regional conflict because this isn't just about iraq, this is a shiite, sunni, this is ultimately an iranian versus
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saudi arabian kind of a scenario. so if iraq goes completely offline, i'm going to be looking at a situation where traders are going to be wondering what else could go offline here. you have got a fear premium -- david: chris, brent oil is now at $115. it's back up to $115. is it fair to assume that the risk premium built into that price is here to stay for a while? >> i think it's too low. i think it's going to be going up from here. i don't think it's really fully put the full fear premium into that yet. it's up just a few percent. it's not from its, you know, pre-isis lows. it has more to travel. a lot is going to depend on how the situation develops at this point in time, but i can't emphasize this enough, david. this is a very serious situation. world oil supplies are very tight. this would be an oil shock. that goes offline the likes of which the world has not seen
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before. david: chris, thank you very much. sobering ideas. liz? >> my pleasure, thanks. liz: well, david, another idea. bitcoin is making a new play to the virtual currency's image. we speak with ceo behind this very bold move, his backers include such entrepreneurs as billionaire richard branson and the deal involved espn. well, despite the world cup, not everybody is cheering for the brazilian economy including brazilians. we're telling you where they are looking to. the brazilian smart money is headed to -- well, stay tuned. we'll tell you where they seek a safe haven. ♪ ♪
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see your authorized dealer for an incredible offer on the exhilarating c250 sport sedan. but hurry, offers end soon. share your summer moments in your mercedes-benz with us. . david: time for a look at today's market drivers, the dow and s&p eking out the day, nasdaq in the red. utilities and consumer staples led to today's gains. americans filing for unemployment benefits dropped more than expected. jobless claims fell 6,000 to 312,000. and lots of action in the precious metals pits. surging above $1300 an ounce climbing to a two-month high. silver jumping 4.4%, liz? liz: international investors are flocking to the u.s. for
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real estate investment opportunities. for example, the chinese and the russians are already here. but now it's the brazilians who are joining the party as well. david: what makes u.s. real estate so attractive to them right now? joining us is christiania pique, reality founder and ceo. why aren't the brazilians investing in brazil right now? >> thank you, david, thank you, liz. why the brazilians investing? . david: not investing in brazil? >> as i said early this morning, we all know the secrets in real estate is to buy on the low and to sell on the high, and right now brazil is on the high. liz: that would make sense. so they come to the united states, but they in particular really like one area, talk about where that is, and then drill down on what's attractive to the brazilians about it? >> they like a few areas, liz, they like orlando, miami and
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new york. miami the hottest area for brazilians. if you compare the prices of real estate in miami and brazil, brazil is more expensive than miami right now. it makes sense to come here. david: i'm curious whether they're paying cash or taking out mortgages? >> 80% of the brazilians are buying cash. brazilians made a lot of money in the last eight years, they're coming with pockets full of cash, and brazil is florida number one trade partner for three years already, consecutive years. last year alone, brazil and florida did $21 billion in trading. liz: where do tastes go? do they like condos? single-family homes, penthouses and apartment complexes? >> they like condos. it's so easy just to close the door and go back to brazil, and it's an investment they can
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enjoy. if they buy stock markets, they cannot enjoy the paper, so they buy real estate, they come with the family, have fun, and they are making money. david: they're not the only ones investing in miami. you have a lot of russians, other central and south americans, you have the french for example, very big in miami. so i'm wondering if they're running out of home real date and might get into commercial real estate. any signs of that happening? >> yes, david, you are absolutely right. we see now a second wave of brazilians coming and asking for commercial real estate, and even buying business. my brother owns a law firm, and he's telling me that every day, he's getting the brazilians asking for opportunities how to buy a business, how to transfer titles and brazilians are coming now with investments. liz: they're coming with fistfuls of cash.
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christiano piquet. thank you so much. >> thank you so much. david: the turmoil in the republican party is given a boost to republicans on capitol hill. the majority leader means for the tech industry. liz: what does college football have to do with bitcoins? more than you think now. a ceo trying to boost bitcoins' image, telling us about a big new sports sponsorship deal. david: and space suits, well they may be the ultimate space auditing, nasa is experimenting with a radical new design that could take astronauts to mars. how? details when we go off the desk.
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my dad has aor afib.brillation, he has the most common kind... ...it's not caused by a heart valve problem. dad, it says your afib puts you at 5 times greater risk of a stroke. that's why i take my warfarin every day. but it looks like maybe we should ask your doctor about pradaxa. in a clinical trial, pradaxa® (dabigatran etexilate mesylate)... ...was proven superior to warfarin at reducing the risk of stroke. and unlike warfarin, with no regular blood tests or dietary restrictions. hey thanks for calling my doctor. sure. pradaxa is not for people with artificial heart valves. don't stop taking pradaxa without talking to your doctor. stopping increases your risk of stroke. ask your doctor if you need to stop pradaxa before surgery or a medical or dental procedure. pradaxa can cause serious, sometimes fatal, bleeding.
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don't take pradaxa if you have abnormal bleeding or have had a heart valve replaced. seek immediate medical care for unexpected signs of bleeding, like unusual bruising. pradaxa may increase your bleeding risk if you're 75 or older, have a bleeding condition or stomach ulcer, take aspirin, nsaids, or blood thinners... ...or if you have kidney problems, especially if you take certain medicines. tell your doctors about all medicines you take. pradaxa side effects include indigestion, stomach pain, upset, or burning. if you or someone you love has afib not caused by a heart valve problem... ...ask your doctor about reducing the risk of stroke with pradaxa.
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. david: so before tv commercials, magazine ads, online campaigns, the company's logo is one of the most important marketing tools it had. some logos had incredible staying power lasting hundreds of years. one of my favorite drinks is the fifth oldest logo. it features a red triangle, used since 1876. the first registered trademark issued by the government. heinz was issued in 1869 as a bottle of horseradish, after closing, heinz returned with
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ketchup products but kept the same wonderful logo. despite going through changes, the peugeot kept the lion at hearts since debuting in 1850. the second oldest belongs to twineings tea whose logo has not changed in 227 years. you may not have guessed, stella has the world's oldest logo, goes back to, look at this, 1366. that's an old one. liz: here's a newer one, bit pay logo. bitcoin wants to play ball. the digital currency is pushing further into the world of sports, one of the biggest payment providers, bit pay inking a three-year deal with espn events to sponsor the st. petersburg college football bowl game. why did bit pay strike the sponsorship? joining me in a fox business exclusive, tony galipi.
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this is the st. petersburg bitcoin, why? >> there is a lot of companies in the space building out different parts of the ecosystem. we think it's an amazing to raise awareness in general. afterry started working with the guys at espn coming up with creative ideas to build events for fans and teams, we decided it was better to make us a bitcoin bowl rather than specific to our company. liz: bitcoin bowl sounds a lot better than what it was, no disrespect to beef obrady's bowl. last year it was ohio university versus east carolina. as we look forward to what you can do, you were talking to espn and struck the deal. was it a tough sell, in light of the fact, there have been
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controversies including the bitcoin company that went under? >> yeah, they had a lot of questions of course about bitcoin, and, you know, beef obrady's was a great sponsor but a local company in the st. pete area, the guys at espn realized they had a neat product. they had a bowl in a tourist destination, they wanted to attract something that had more of a national brand and get an international brand. we talked to them, and once we learned they were now part of the acc, we really stepped up our engagement with them. they have a new conference alignment. my co-founder and i both went to georgia tech, we'd like to find bowl games where an acc team could play, that's how the conversation got started. liz: talk about the synergies, where will they come in? where will bitcoin marry with the ideas that come from the st. petersburg bowl? >> this is where we've got a lot of opportunities to create innovative stuff.
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yes, the bowl game is three hour, but the event really is a week long. the teams come in town a week before, the alumni start to come, in families start to come in. there's events quee do all week long such as concerts, other events at local businesses, on the day of the game you can make tailgates and fan zones and give an opportunity for people who have heard of bitcoin but haven't tried it. they can get hands-on experience. liz: will they be able to buy tickets with bitcoin? buy food at the concession stands or merchandise with bitcoin? >> that's the goal. so the goal here is to have the capability where a family could dmm from out of town, pay for travel, hotel, tickets, pay for food and drink and meals and everything they want to do, and be able to use bitcoin for all of that. of course you want to pay with other payment methods too, it
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would be great to offer and experience, be able to pay in bitcoin. liz: after fear striking the hearts of the people after mount gawks filed for bankruptcy, there was a lot of problem about what went down there. in the past six months, more retailers are accepting bitcoin, everyone from overstock to dish network, that was extremely interesting. you could choose to pay at zappos, virgin galactic, if you've got enough money in bitcoins. per bitcoin it's $601. that's what a bitcoin is worth. where do you foresee this going, anthony? you are in on the early stages what could very well be something that works or something that fails. >> absolutely, it's the very early stages of new emerging technology. what we're finding now are companies that are either starting now or being built now are really learning from the mistakes of the first wave of bitcoin companies.
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everything now is better secured. better audited. have you better compliance, you know, policies to be able to mitigate some of the mistakes made in the past. when you look at emerging technologies, it makes sense to look at the typical s-curve of technology adoption cycle whether it's e-mails or cell phone or facebook, they putter along at single digit percentages and cause a chasm and accelerate into mainstream. when you look at where the technologies starts, it's at colleges. liz: yeah. i can see -- >> so with facebook. liz: i can see why you went that route. we'll be watching for the bitcoin bowl it. sounds better than tax slayer.com gator bowl. tony, executive chairman, thank you for joining us on fox business. david: thanks, liz, i want to know more about the tax slayer
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bowl. my kind of bowl. wall street may have lost a major capitol hill ally when eric cantor was defeated in primary, but silicon valley won a powerful champion in his replacement. new house majority leader kevin mccarthy. details coming up. liz: mixed martial arts and the ufc wildly popular over the last few years, wait until you see the new hype fighters are taking the sport to, when we go off the desk. when folks think about what they get from alaska, they think salmon and energy. but the energy bp produces up here creates something else as well: jobs all over america. engineering and innovation jobs. advanced safety systems & technology. shipping and manufacturing. across the united states, bp supports more than a quarter million jobs. when we set up operation in one part of the country, people in other parts go to work. that's not a coincidence. it's one more part of our commitment to america.
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. liz: california congressman kevin mccarthy has been electeds as the new house majority leader who replaces eric cantor who gave up the post after losing in his district. david: there may be an industry that gets a boost from his replace. rich edson live. >> there is solid representation to goldman sachs, bank of america private equity firms, health care companies. looking at instagram account, he's a friend to home state, hollywood, silicon valley, posting pictures with kevin spacey, elon musk and mark zuckerberg, former mccarthy staffers work for uber and other d.c. firms representing a variety of tech companies as
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public positions are in line with tech companies on privacy, immigration and capital formation. over the next few months, tech lobbyists may benefit from focusing on congressional committees on issues like net neutrality, copyright reform and privacy. >> on any given day there are four, five different things going on in the key committees. and, you know, where a lot of other committees on big issues are stalled. technology issues have taken center stage and tend to be very bipartisan. they are regionally constructed, they're more bipartisan, they're generational in some ways so it gives a majority leader more opportunities, more members to reach out to, to try to carry these things across the finish line. >> reporter: congress is unlikely to tackle much before the midterm elections, mccarthy could push the full house to address the issues. the majority leader does schedule votes. back to you.
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david: rich edson, thank you very much, rich. liz: take a look at this. ufc star is training for what he's calling full contact skydiving, and it doesn't just involve jumping out of a plane. coming up, we show you how mixed martial arts fighting, actually takes place while you are free falling. david: wow. speaking of free falling, nasa confirms it has plans to send the first astronauts to mars. we're going to show you what the astronauts could wear to the red planet and on the red planet. how do you survive in that atmosphere? we'll show you coming up. [ laughter ]
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smoke? nah, i'm good. [ male announcer ] celebrate every win with nicoderm cq, the unique patch with time release smartcontrol technology that helps prevent the urge to smoke all day long. help prevent your cravings with nicoderm cq. that helps prevent the urge to smoke all day long. 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.
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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 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. . david: time to go off the desk. have you seen the movo tron legacy, nasa plans to send the first astronauts to mars, that's what the movie's about, wearing a radical new space suit that looks like it came
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right out of the movie. the suit is called z 2. 3-d printed especially for each astronaut, tailor fit, of course, making it a lot easier to put on than a normal space suit and much easier to walk in. the suit emits light to identify crew members during space walks. nasa says the new suit was inspired by the ocean and made to emit the qualities of sea creatures. liz: no red, you will get lost on the red planet. if you wanted to get punched in the face plummeting from the clouds, you're in luck! a group of norwegians came up with the idea of ultimate fighting championships skydiving. you jump out of a plane and start throwing punches until you smash into the ground. the concept of full contact skydiving combines military combat and skydiving expertise and gaining grounds in the u.s. the overall goal of the jump is
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to beat up opponent before he has the chance to beat you up creating the ultimate adrenaline rush. david: some people call that fun. you will have fun with "the willis report." gerri, the pain at pump it's here, it started for a lot of consumers why. it could go higher? gerri: that's right, a problemed federal gas tax hike. guess how much? 65%. liz and dave, thanks for that. also on the show, where are you doing grocery shopping? consumer reports is here with best grocery list in america and why you should shop there. passenger groups are calling it a shakedown at the tsa. fees that won't be paying for actual security. and the gm recall scandal, new indications that ignition switch defect may affect other car brands as well. we begin

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