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tv   After the Bell  FOX Business  July 1, 2014 4:00pm-5:01pm EDT

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double-digit. >> go, go, gopro. 49 bucks and chain. [closing bell ringing] david: nicole, thank you very much. we have this rally covered. we have a lot of investment analysis for you, including charles payne coming up later in the hour to tell us what he thinks about individual stocks. he has a great record. look at record, this will be one for the history books. big history-making day. look at nasdaq today, up 1.14%. huge jump on the tech-heavy nasdaq. dow jones industrials up about 130 points. off its highs. it didn't make the 11,000 mark. we were hoping it was. we have the champagne ready to go, didn't quite make it there, but the s&p another record there. the russell 2000 is up big-time again like the nasdaq over a full percentage point. huge market day. "after the bell" starts right now.
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david: right to today's market action. we have kim forest, fort pitt capital vice president and senior equity analyst. matt glen, nicole petallides still with us on the floor of the nyse and bill baruch joining us from the pits of the cme. bill, i want to start with you. we mentioned the nasdaq but what was the specific catalyst for this rally today? >> well you know we're seeing this as being asset allocation. there is seasonal trade. if you're getting long equities at this time this year, as you start a new quarter the market is going higher. the winning percentage is staggering. ahead of non-farm payroll i don't think anybody wants to be out of this. we're seeing asset allocation. the market is going with this and remember the trend is your trend. david: matt, were you surprised by the rally today? >> absolutely not. this is the game right now of the stock market is on a hot run. we're counseling our clients
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24/7 to embrace the stock market. stay in it. it will continue to be the game for some time. david: but, kim, you understand people's reluctance. the average investor, retail investor looks at these high numbers and says how can it go higher despite the fact it does? there is still a lot of anxiety about this market. >> sure -- david: hold on that. that is for kim. go ahead, kim. >> i'm sorry. >> i think there is some earned reluctance there. you know we're looking at the s&p earning 114 bucks this year. consensus was up at $121. it is walking back. we think after this earnings season it will come more our way. so you're paying more for lower earnings. and that should be of a concern to many long-term investors. david: nicole petallides, any way of knowing exactly who is getting into the market, who got in the market today? was there new money coming in from the retail investor or not?
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>> certainly a feeling. it is a new quarter. that is when you start to see new money coming in, whether retail investor and the like. what you saw the dow almost hit the 17,000 mark. i know it is psychological level, dave but an exciting one at that. there was heavier volume than usual. that is a good sign. there was a little bit of conviction behind the number. chinese manufacturing was good news and that gave us a nice prop up to start the day. david: bill, on thursday we get jobs up in business. we usually get them on friday. the of course friday is holiday. we get them on thursday. if we have too much job creation and it is hard to say that, one would think we shouldn't have too much job creation they would be worried about the fed closing down sooner, stopping money printing from going on. if it is too weak though the consumer will not be shopping as much and profits will be down. what is that sweet spot for thursday? >> we've been telling clients.
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we've been saying since the past fall that 200,000 jobs a month need to be created. now expectations are right at 210 for this month, last month on the thursday. if we fall right in line there, anywhere within 20,000 of that, 10 above or below we'll continue to pace. the markets tend to go higher. if we really beat expectations, then there is worry that the fed will step in and do something about rates sooner than june next year that is already priced in. that is when we start getting a correction. but on other side if we miss expectations there will be worries is the economy really growing at pace we think it is? then we'll start seeing a correction as well. as long as we fall into the sweet spot, i like to call it, consistently and consistent data. that is why we continue to move higher. david: we have one of our favorite traders down in the nyse, ben willis is joining us. ben, conviction seems pretty strong. volume was quite high today, wasn't it? >> the volume was better than we've seen over day-to-day on
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quarterly basis. basically neutral to slightly better. the major indices as you pointed out earlier, the indices to watch are going to be the russell 2000, the s&p 600, the s&p 400 of the those are small cap stocks issues. that is where we're seeing the strength. that is an investment in an american economy, not necessarily the global economy, which is more of a dow indicator. the dow being up on a quarterly basis, actually lagged behind those indices. so that is, i think we saw continue ages of that. i'm not very certain we saw retail money coming in. what we've seen is something relatively new. we're seeing institutional money buying etfs or market exposure in particular areas. gartner group put out a report late last night, suggesting that enterprise technology, the will continue to see strong growth. that is exactly the leader today. david: matt, ben alluded to this. what is happening overseas.
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china's number was much more optimistic in terms of their growth than what a lot of people expected. was that the catalyst that set the market on fire? >> it is definitely part of a bigger picture, david. there is lot of good things happening globally especially here in the united states. the numbers are good. unemployment will continue to be subpar. it will not get better much quicker because it is not there. retail investors, a article out large endowment funds are sitting in cash. when that money finally decides to go to work, we could see this market catapult further. david: we'll talk about google which has 60 billion in cash coming up in the next segment, whether that stock is ready to move. kim, i have to put a little bit of warning in this very cheery scenario that we're looking at, the cost of living is going up. >> right. david: it is not keeping pace with salary growth. that is, people have less money
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their pocket to buy things. doesn't that eventually mean less revenue and lower profits? >> you know, that is a big concern for us and we've been watching this for quite some time. we watch a weird little indicator called the velocity of money that shows how many times the dollar changes tran. that has been declining. so, there isn't, all this money the fed put in isn't escaping into the economy. we look at gas prices and food prices because we all have to eat and get places. and that is of concern because 7 % of this market in america -- 70% of this market in america is made up of consumer spending. so it is a caution we really look strongly at. i hate to be the downer today on your show but -- david: no, no. we need reality. the numbers speak for themselves. the numbers will put a smile on your face. but, bill baruch, you deal with numbers in commodities all the time. aren't you a bit concerned with the rise in those prices? >> yeah, we're seeing inflation
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data already beating 2% or right at the 2%, not even taking in food and energy. we're hitting upside resistant levels in crude oil, 107.33. the market is moving higher. yes, there's a little correction in some of the grain prices over the last week and that may help going forward, but yes, what people see, what you're paying at pump, what you're paying at the grocery store, you're paying higher prices. that will affect what people are actually going to spend overall. david: nicole, i want, wrapping up here, i want an idea what the traders felt when they were going home. did they feel happy? did they feel like this would continue into tomorrow? you. >> see that guy cheering just now? i don't know they seem to be in a very great mood this afternoon. it was exciting day on wall street. you had a little more volume. means they were busier than usual. probably made more none any executing trades. usa soccer game they're interested in. you're hitting right near 11,000. there is obviously great outlook
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going forward for this year. let's talk about the jobs report, right? more economic news can move the markets one way or another. we'll see that on thursday morning in particular. david: it's a short week. we're package lot into it. nicole petallides. we'll see more of you. kim forest, ben willis, matt glen. of bill baruch we'll see you in a couple minutes. thank you, folks. looking for a good stock that hasn't really kept up with a market rally. we found it. and old name may get its mojo after less than stellar first half. this tech stock could be about to explode. we'll give you seven reasons why you could love google again. also what a day for stocks, huh? the market is booming into the second half with a deluge of new records. who other than charles payne could give you a clear wrap of today's action and whether this rally will continue and with specific stock picks.
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we want to know what you think. today's twitter question. whether you believe this is beginning of a new market rally. tweet us @fbnatb. your answers later in the program. ♪ [ male announcer ] once, there was a man 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. ♪
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david: up. >> auto sales were just spectacular, beat expectations. the news lifting shares of auto part makers as well as auto making companies. let's head back to nicole petallides on the floor of the nyse. good news all around, nicole. >> yeah, it really was. we saw a surprise in june. it tapered off a little bit but beat expectations. with that better auto sales we saw. we saw auto parts companies that are related doing well. we should name some of these here, dave, remy international up 2 1/2%. stone ridge up 3 1/2%. federal-mogul, shiloh industries, spartan. we saw the stocks doing very well on heels of better than expected news out of the month of june and how we saw the topping of expectations. general motors, for example, did better. we also saw chrysler doing well. toyota motor up 3.3%. nissan saw a gain of 5.3%. ford motor was actually down 5.8%. that is some of declines in tour
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models and fiesta models. did well in focus but saw weakness in others i mentioned. june was good enough. topped expectations. david: more about the auto sector coming up towards the end of the hour. but they really blew away expectations. nicole, appreciate it. s&p futures closing in 45 seconds. let's head back to bill baruch in pits of cme. bill, any signs whether this rally will continue into tomorrow? >> this week is jam-packed with data. with adp as well as ahead of non-farm payroll thursday. we have the ecb meeting thursday. everybody remember, may, this secondary rally we've seen over the last two months started with the ecb meeting with them stimulating their economy. any smart investor needs to keep their ear to the ground there, here thursday ahead of non-farm payroll what comes out of that meeting. david: bill baruch. bill, fasten your seatbelts. i have a feeling it has just begun. thanks very much.
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with today's market rally investors are looking for a stock that may have held back but ready to come back roaring to speed. google may be that stock. after soaring 60% in 2013 the stock seems to have lost its momentum. the tech giant is up only 5% this year after reporting disappointing first-quarter earnings as pressure mounted on its online ad business but our next guest safes google's momentum is about to change. he has seven reasons to for you to buy the stock. jeff reeves, investorplace.com editor. we'll only get through about five of these but let me ask what do you make of today's rally? >> the whole idea the market can't go higher is continually proven wrong. investors need to kind of wake up to this reality. they're worry about evaluations too much or worried the other shoe is going to drop. that is defeatist way of thinking. a lot of people sat out the rally since 2009.
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there is not all blue skies ahead. there there is a lot of positive momentum. david: google is a stock that held back. you say it is ready to move forward. we should mention by the way, we have breaking news that it is just about to buy one of these streaming services called songsa. i don't know, it is not moving the stock after-hours one way or the other but it continues to build up its portfolio. first of all, the last quarter, it was a bad last quarter, no way of getting around it but already that stock has come back a bit, right? >> while it is lagged overall since january 1st it is actually up about 15% since its springs lows. it has outperformed the market since then. i think part of the reason, yeah, it is tough for online publishers and advertising like google. investors realize some of that is already baked in. its evaluation is a little bit rich. it is around 20, 21 for forward pe. that is not bad for tech broadly. that is kind of keep when you
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consider other companies out there. google typically traded for pe higher tan that. valuation is fair. advertising negativity is baked in after earnings. one of these companies i don't think wall street bets against it for long. bree sighsly because of things for this acquisition. google likes to look around the corner. it has 60 billion in cash. it can afford to -- david: we'll talk about cash in a moment. talk about its global domination. it dominates the market with android, no? >> 80% of the smartphones shipped last year had google os. apple makes money on hardware, who cares if google has software share. the acquisition of songza is good indication they stream this up. whether you have add sported or pay monthly subscription fee to it, you have 80% of people on board with you and easily plug the audio service. that is natural progression. doesn't happen overnight.
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people need to adopt it and continuous renewals. this is good idea for google. this is the business you're trying to build. david: you mentioned off billion in cash. they have operating cash flow of $18 billion a year. that is a huge amount. what do they do with all the money spied buying a thing like the streaming music service they just bought? >> they have really ambitious things out there. one of the things i find most interesting, contact lens that diabetics can wear to monitor blood sugar level. it is testing phase and not tested out to scale. wearables like google glass. that wacky thing you wear on your face. wearables can be much more especially with the aging boomer population and diabetes being what it is in america that is ambitious thing they're going after with health business arm. they're into robotics. david: jeff, aren't they into robotics? >> not anything that will come to fruition anytime soon. google is thinking about things like humanoid robots to go into
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disaster areas to help diffuse bombs or hurricanes or polluted waters or god forbid nuclear meltdown if they have to get into reactor. these are not instant things. i like google in the short term. negativity was overdone. valuation is fair. i don't think you can discount the acquisition we saw today and big picture problems like health care and robotics acquisition. david: if that is not enough for you we'll put more of jeff's reasons to buy into google right now. jeff reeves, thanks for coming in. appreciate it. apple's your much rival samsung is turning its heat on the new competitor before the rollout of the iphone 6. good strategy. we'll tell you about samsung's brand new challenge. forget about the world cup. the markets are much more exciting today. it has been a huge market day, including a triple-digit gain for the dow. fox business's charles payne will be here to break it all down to tell us which stocks to watch for tomorrow. ♪
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and savings -- all the things humans need to make our world a little less imperfect. call... and ask about all the ways you could save. liberty mutual insurance -- responsibility. what's your policy? david: it is time for a quick speed read of some of the day's other headlines, five stories in a minute. first up, boeing delivering its first 787 dreamliner jet to air new zealand. this larger jet holds 40 more passengers than the company's original dreamliner model. samsung is launching a galaxy s5 mini smartphone with 4.5-inch screen. the product will be initially available in russia with other major markets to follow. a button appears on twitter's mobile version to allow customers to order items through the social media site.
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so far users are unable to purchase corresponding items. a problem. same design firm that worked on beats headphones, is designing surf boards and offering boards starting at 3,000 bucks. uber taking to the skies. the car-sharing service is teaming up with a new york-based startup to offer helicopter rides from manhattan to the hamptons on long island, for the rich people. that is today's "speed read." well, if stock picking is a, in a market is as hot as this one makes you a little nervous, fear not, we have a stock-picker who stays calm and carries on no matter how the market behaves. his name is charles payne, fox anchor who has been picking stocks for the average investor ever since this rally began and charles joins us now. congrats, all success you've had. >> thanks a lot. really appreciate it. david: so where does the rally go from here? >> it is hard to figure that out. i really don't spend a lot of time figuring it out.
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i think a break of 17,000 would ignite that enthusiasm. some fence-sitters might come in with the exuberance not present in the market people think has been there but really hasn't been. i wouldn't be shocked if we broke 17,000 and went quickly to 18,000. to be honest with you, a lot of it depend how the numbers come out, how the earnings come out, how the global economy keeps going. david: some people look at charts. we saw the s&p. here is the dow jones for a year. ben stein and you have this running argument about this on the weekend shows on fox news channel about whether thesiders are the way to go. if you don't feel comfortable. you say you never get rich by investing insiders. >> listen you make a lot more money than under the mattress. people hot have 120 grand out there. you have 45 years old. a couple is 45 years old. you may not get where you be at 65. but i prefer -- david: what if you are 65?
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then maybesiders are better bet. i do think because we're living longer, if you're 65, there is a huge chance you will be5, i think some of the old models on subtracting your age from 110 to get your bond holds and stocks holdings, that has been turned to a small degree on its head as well. david: we're narrowing down. let's go to sectors. is there any particular sector you favor over another? >> energy is phenomenal. this energy miracle continues to go. particularly anything involved on fracking. on-land drilling, that kind of stuff is phenomenal. i think it continues to be phenomena. i like that a lot. my subscribers are overweight in industrials. look at today's rally, big strong industrial names. companies around for 100 years and around next 100 years. david: we should mention. caterpillar is big reason why the dow has done so well. about 100 points out of 400 points the dow gained specifically because of caterpillar. so those industrials have been
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doing quite well. >> this is name i've been pounding the table for a long time. david: i know you have. narrow it down further, receipted to energy. chart industries. they make pipes for gnat gas. i saw that they, they were kind of in the doldrums for a while coming out of the new year. and you recommended them. look what's happened. >> starting to creep up. david: starting to creep back up again. >> speaking of charts, it is also breaking out there too. you know what i like? this is a company, there are four phases to the natural gas thing. you have to liquify it. you have to transport, you have to store it and unliquify it if you will. they do all four components. it has been bad management. management has had a lot of miscues. but the marketplace is phenomenal. david: are they changing management? >> management said they would make some changes. if they get their act together i think the stock can go back to its old high. david: 3d printing was up major today. all companies up 5, 6, 7%. what is your pick there. >> we're in 3d systems and
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strata gist. all three stocks i have subscribers. david: look at that, up 13%. >> i'm down in two of them, okay? even with big moves. remember big spike last year, like money printing thing. then it got hammered. this is not play-doh. the idea this is game or toy. 3d printing will revolutionize manufacturing and a lot more. these stocks got ahead of themselves. david: big blue, if you're unfamiliar with the new 3d kind of stuff go back to old iibm. >> they have been under pressure because they're late to the cloud. i don't see how you can go wrong. looking to buy a cheap $186 stock, ibm is the name. david: charles payne. thank you very much, charles. real preview for a his show, making money with charles payne. see that at 6:00 p.m. eastern time right here on fox business. don't change the channel. charles will be back with you in a moment. some of new york's
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brownstones are becoming greenstones. coming up cheryl casone is here to tell us whether going green will pay off for investors. if you're looking for ways to invest in the u.s. sales drilling boom, we'll tell you about a business riding the wave and looking to double production. we'll talk to the ceo in just a moment. [ male announcer ] if you suffer from a dry mouth then you'll know how uncomfortable it can be. [ crickets chirping ] but did you know that the lack of saliva can also lead to tooth decay and bad breath? [ exhales deeply ] [ male announcer ] well there is biotene. specially formulated with moisturizers and lubricants, biotene can provide soothing relief and it helps keep your mouth healthy, too. [ applause ] biotene -- for people who suffer from dry mouth. biotene -- the numbers are impressive.y to new york state. over 400,000 new private sector jobs... making new york state number two in the nation
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david: time for a look at today's market drivers. it is a record day on
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wall street with the dow, s&p 500, russell and dow jones transportation average hitting all-time highs. 46 stocks in the s&p 500 crossed into record territory. health care and technology led today's rally. economic activity in the manufacturing sector expanded in june for the 13th month in a row. the ism hit 55.3. gold closing at its highest level in 11 weeks of the precious metal rose 0.4% to $1326.60 an ounce. well the company behind the top-performing ipo in the past 18 months sells sand, sand. doesn't sound so row mon take but -- romantic, but sand sales is booming because sand is key ingredient for fracking operations in oil and gas. how much will the sand frenzy continue? for at loss an possible if my next guest has has his way.
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emerge energy services rick shearer. rick, thanks for coming in. congratulations on your success. >> thank you, david. it is great to be with you. we really appreciate you highlighting emerge energy services today. we really couldn't be more delighted with the success that we've had. this has been a remarkable story. we've been at the right place at the right time to take advantages of all the dynamics in the marketplace and it has just been a great ride and certainly it is not over yet. david: are you planning, is demand such where you are literally planning now for to increase your production dramatically? >> yes. again, one of the things that we've been fortunate to do is move just ahead of the curve. we made a decision months ago to more than double our capacity to 9.4 million tons of frack sand. we'll have that additional capacity, five more million tons in place by the first of this year, and it turns out with the
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spike in the drilling and frack sand demand, we're very well-positioned now to take advantage of this increased demand. david: well investors have noticed. let's put up a six-month chart for your company. you can see that the stock really started to take off in the early part of the spring. what happened then? why did the stock really jump there in the beginning of march? >> well, i think part of it is seasonality. you know, we came out of the winter period. we also announced back then that we were going to have this two-plant expansion and it is happening before the competition. a lot of our competitors are talking about expanding their frack sand capability, but it won't really happen realistically. they won't have that additional capacity to the end of 2015. so we're a year ahead of the curve. well-positioned, well-positioned to take advantage of these market dynamics that we're
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seeing. david: what else do you do different? there are a lot of competitors out there. there is a lot of sand in the world. how do you differentiate yourself from the competitors? i know you're very happy about the way things are going during the wintertime because at love companies can't manufacture, bring the sand to the fracking operations during the winter, right? >> that's right, david. you know, we have fully enclosed our production plants in wisconsin and during these, this most difficult winter, this past winter, our competitors were not able to produce sand every day, because our plants are fully enclosed. they're weather-proofed. we were making sand when others weren't. it allows to have competitive advantage for sure. david, back to you your point of what else separates us in the marketplace, is, you're only good as sand you have in the ground. this is a very special sand, a very specific sand for this drilling technology, the
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hydraulic fracturing and horizontal drilling happening in today's oil fields and we've got a very, very high quality, very coarse sand used for oil and wet gas, more so than most of our competitors. and it gives us a real competitive advantage. between that and our culture, we've got a great team of people, moving quicker than our competition, to make decisions and be ahead of the curve, it creates for a very exciting company that we just are very bullish about the path forward still. david: investors seem to believe in that. let me broadly ask about the technology involved in what you're doing, particularly with regard to lng. liquified natural gas. i was talking to charles payne. he think as that is the future. what is the latest? are there technological break throughs or what? >> events driven by the market. technology is there. certainly we can make lng.
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a lot of new terminals right now being built to export lng both in western canada and the u.s. will mean that there will be more and more drilling and from all the shale geology that is out there, there is lng. there is gas available certainly. to, take advantage of that and demand internationally should really offer real economic advantages for people like us in this industry. david: rick shearer, emerge energy services ceo. rick, great to have you on. please come back again. ticker symbol is emes. >> thank you, david. david: you may want to look it up. it has had a spectacular six months. look at this. this is ad for 72-hour july 4th sale for chevrolet. one of many promotions automakers and car dealers are using to draw out consumers this holiday weekend. we'll break out biggest trend in auto advertising with an industry insider.
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with new york city apartment prices skyrocketing, big spenders are pacing top-notch prices for eco. what does that mean? cheryl casone is one of these in brooklyn. she will have the story for us in a moment. ♪ x÷÷÷÷÷÷÷÷÷÷÷÷
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david: sale prices for manhattan apartments have skyrocketed 20% so far this year. the average buyer paying $1.7 million in the second quarter. with owners looking for the most bang for their buck, many condominium mums are going green for a steep price. cheryl casone is at one so-called eco-friendly conversion in park slope, brooklyn. tell us about it, cheryl. >> you know, david, it is so interesting. when you see all the prices going crazy in manhattan, come to beautiful brooklyn, particularly park slope. now developers and realtors are offering all about the perks and about the amenities. let me show you what it is to have a eco-friendly building in park slope. this is the penthouse what we're in and this is what it comes with. this is what eco-friendly means. energy efficient windows. foam insulation, with new developments is not always common. reclaimed woods for stairs, shelves, things like that and radiant heat.
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radiant heat is on the floors. one thing interesting about this particular duplex and triplex here in brooklyn, is the fact that it is $6 million, but breaking news, today, out of brooklyn. you get a tesla, david, if you buy this particular triplex. this is tom, the president of greenstone. we should say greenstone instead of brownstone. today you announced you will give away a tesla with this apartment. do you really need to add a tesla to the sale of this apartment? >> so i think we are in, first of all a environmentally friendly building and we have the garage so we have the infrastructure to put a tesla. we want to set up example of being the first one in, showing in bringing, you know, tesla -- >> we should say, you want to make, this could be a record sale for brooklyn. >> of course. >> if indeed you get 6 million which is $2,000 per square foot. >> correct. >> you're very confident you will get that kind of sales price here? >> very confident.
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if you come to the site and see it, it is really state of the art development. took us a very long time to get approval from the building department to create spark space -- parking space in residential area that didn't have parking. we have a yard, private courtyard. really amazing. >> that is beautiful. we were down there. thanks so much for letting us -- guys are working behind me. they're hoping to get this listed within next month, two months. i want to leave with you this i look for the perks, david asman. this is wine fridge and dual temperature which i wasn't able to afford in your apartment. i bet you could. wine fridge and a tesla. david: i just had to talk my wife out of getting one of those wine refrigerators because too much money for a kitchen remodeling we're doing. thank you very much. i hope she is not watching right now. cheryl, good to see you, my friend. well june car sales beat analysts expectations handily. it is estimated that dealers
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sold 1.3 million vehicles last month. automakers on track to sell 17 million this year. highest number since back in 2006. more customers mean more advertising from car brands which are projected to spend $2.5 billion on ads just this year. joining us now, dave winslow, dealer.com chief digital strategist to talk about the biggest trend in auto advertising. but, dave, i first have to ask you about gm. what surprised me about gm going way up, the stock going way up, investors didn't seem to care about recalls. do they think customers won't either? >> yeah. i think it is interesting dynamic where gm as a brand is taking a hit in the news because of recalls and that recently increased even more. if you think about it, recalls will drive consumers into the dealership. they have to get it serviced. so if car dealers at retile level are really massaging and working with customers in a good way then it can really help build a brand at retail level
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and help turn things around for gm. david: is this something, i imagine it is not something you point out in ad sales, in the ads themselves. would you say, look, we know that you guys, you customers are concerned about all these recalls but we have done this and that to address them? >> yeah, i think in the age of digital, to your point, i don't think they will call it out directly. because of the transparency of social media has brought, i don't think they can hide behind it as well either. i think you will see dealers being more proactive around it, addressing it head on, really looking to service customers in positive way, get a good relationship out of it and really turn the consumer around to the brand at retail level. david: the 2.5 billion in ad sales, where is that ad money going? i imagine more of it is going to mobile phones and tablet, right? >> absolutely. so dealer.com works at franchise car dealer level and we see a lot of the money pouring into digital. we've seen a good portion of car dealers budgets going into digital advertising. in june alone, we saw 271% i
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were crease year over year. of the amount of time consumers are shopping on mobile devices across our platform, that is being driven largely of course by larger increase in consumer shopping on dealer websites but they're spending a lot more time on mobile sites as well too. so we saw increase of 22% on mobile devices. 15% on tablets. so mobile is really driving people into the showroom. david: people are buying on their cell phones. i'm wondering if that hurts dealer sales eventually? you have to buy through dealers very often. still you shop around on the phone. some dealers are hurt by that, right? >> yes. so what is happening is, it is putting pressure on dealers to be more proactive. consumers are taking control of the purchase power and in the sense that they have more information when they walk into a dealer's showroom, more than ever. now the showroom is still critical. but what consumer has in their mind when you walk in. they have been educated, researched. they have competitive pricing.
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they have seen reviews and ratings on the dealer. so the transparency the dealer has to provide is increased exs have to be prepared for consumer shopping on the lot themselves. so they can't have a bad experience. the pricing has to be competitive. but has created a really good opportunity for consumers to get what they're looking for. dealers to cater to them in much better way, better than ever before. >> going back to the ads, there is something called click fraud which i wasn't aware of. there is a way you can make people think your site has a lot more clicks than it really does. 22% of what is side to be people clicking on a site might be click fraud, right? >> absolutely. it has been an issue that plagued the industry for a number of years. what is good is ad technology companies all the way from google and yahoo! to facebook put a lot of measures in place to protect against it. dealer.com we also put an extra layer of protection to make sure ads we're buying are legitimate. it propped up organizations like
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jump-start automotive group which is portfolio publishers like "car & driver," road and track. it given them added advantage to say we know hot publishers are, where the clicks are coming from. so it really create ad good opportunity for publishers to sell the media to provide better advantage to get right consumers for car purchase to car dealers website. david: dave, thanks so much for being here. appreciate it. >> thanks for your time. david: hundreds of energy companies hacked. this is powerful piece of malware and it is compromising computer systems of organizations all over the world. we have got the details on what is backed by a foreign government. the group behind the attack, we'll tell you which group and which government coming up. also the ultimate 4th of july fireworks display. sparks flying as pilots take to the skies with fireworks and led lights attached to the wings of the we have that story. some wonderful video you don't want to miss coming up when we
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enter the sleep number bed. right now, you can save $400 on the all-new c4 mattress set. he's the softy: his sleep number setting is 35. you're the rock: your setting is 60. that works. he's the night owl. his side's up while you're in dreamland. you're the early bird. up and at 'em. no problem, because you're in it together...keeping the love alive. and by the way - snoring? sleep number's even got an adjustment for that. crazy? only if sleeping peacefully with your soulmate is crazy. you can only find sleep number at a sleep number store. don't miss the lowest prices of the season with the all-new c4 mattress at $1499.98. know better sleep with sleep number. david: computer systems of hundreds of u.s. and european energy companies are reportedly been hit by a cyberattack from, you guessed it, a russian-linked group.
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the malware said to be capable of crippling power grids. fox business's adam shapiro has more on the story. adam? >> david, that's right. this is something that a lot of people have been hearing about. you might say there is a new battleground in the unofficial cyber war in your local power plant, it is ground zero. "the financial times" reports that control systems of hundreds of energy companies in europe and the united states have been infected with a sophisticated piece of malware called energetic bear. the malware allows malicious operators to monitor energy use in real time and possibly cripple turbines and power plants at will. energetic bear is believe to be originated in europe. cyber detectives are pointing a finger at russia indicating it might be state-sponsored. symantec, labeled the group, drag fon fly. you have to wonder who comes up with these names. to make matters worse symantec
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launched dragonfly attack putting into legitimate software control updates from control civil manufacturers. david. david: i would like to point a finger at russia and this is family program so i won't. >> energetic bear sounds like overweight programmer hittings an an intern. david: you went there but i won't. we'll talk you about a british arrow bat tick team that could light up your holiday party like never before. wait until you see more of this video. stay tuned. and burning. i'd lift my arm and the pain back here was excruciating. when i went to the doctor his first question was "did you have chickenpox?" i thought it was something that, you know, old people got.
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when folks think about wthey 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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david: it is tile to go off the desk. forget about fireworks. if you really want a show, try hiring the pyrotechnic formation display team. three thrill of-seeking pilots join forces to form what they call twister aerobatics team. this three-plane formation performs spectacular machines with wingtipped pyrotechnics and
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led lights. 500 feet above the ground. it is based in the u.k. they travel the world to the shows. great addition to any 4th of july celebration and i think they're fully booked. if you believe this is beginning of a new market rally. jamie cox on twitter, frequent guest of the show, always watches show. she told you nope. this is continue ages of one we've been in for several years. on the other hand, lis on face back says, maybe so but the fall will be that much more painful. the number one thing to watch tomorrow will be the june adp employment report released at 8:15 a.m. eastern. economists are expecting the private sector to ad about 213,000 jobs. that is up from 179,000 in may but it is all a precursor to what is happening on thursday when we get the june's jobs report that everybody is waiting for. everybody is waiting for "the willis report." gerri is next.
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gerri you're taking a look at general motors. surprisingly those recalls didn't put a dent in gm's auto sales last month. gerri: a big shocker that surprised people even inside the industry. we'll have details. liz and dave, thanks. also coming up on the show, a new budget airline is threatening a price war with cheap flights across the atlantic. the price? more than 50% off current fares. interest rate on student loans going up today. parents and students could be in for a nasty rate hike. for all the procrastinators out there, there is still lime to book last mine july 4th travel deals. "the willis report" where the consumer is our business starts right now. but first if you're hitting the road for the 4th of july, chances are you will be driving a car that has been recalled for sharing the road with one. the sales are still strong at gm and other automakers so what gives?

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