tv After the Bell FOX Business July 21, 2014 4:00pm-5:01pm EDT
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we're down 11%. [closing bell ringing] liz: here are the bells ringing. "project runway" at the nasdaq. td ameritrade at no,. -- new york stock exchange. we'll have them on later this week. final last few minutes. we couldn't quite make a go of it here. it is once again, russell and small cap, small caps barely half a percent. david: it was not half as bad as earlier today. liz: exactly. "after the bell" starting right now. david: let's break down today's action. we have uri land man, platinum partners president will tell us why he is calling for a massive pause in the bull market and how to play it. randy warren, he has four picks to add to your portfolio now. lincoln ellis, green square capital managing director
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joining us from the pits of the cme. lincoln, do you think this market is low-balling the cost of ukraine in the middle east. i mentioned the fact when the president spoke he didn't talk bin creasing sanctions. that is when the market pulled off its lows. still i wonder whether all the bad news has been worked in? >> well, in the pits today, and across really europe, after europe's close it seemed to us -- liz: can i interrupt you, so sorry, lincoln. >> not a problem. liz: let's go to adam shapiro. he has got them. >> miss on earnings per share, liz. $1.15. the street was expecting $1.16. revenue right in line, 1.34 b the street was expecting 1.34 billion. trying to the got press release to give you more details but those are the raw numbers. david: interesting. we're seeing after-hours, the stock coming down a bit although it is fluctuating a little now. we're going to be waiting for these key numbers about subscribers.
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they were expecting close to 50 million streaming subscribers for the first time, liz. that would be a milestone. not sure whether or not they hit that or not. what happened to netflix as you look at this price, it is gone nothing but up in the past year. it is up about 21% year-to-date. this is uncabling play, if you can live bought your cable, netflix will tell you how to do it. liz: we're getting guidance at the moment from netflix. q3 domestic streaming revenue of77 million with a net addition 1.33 million -- 877 million. they see q3 totals including dvd, eps of 89 cents a share. the outlook is sometimes what people get tripped up on but right now the stock is jumping david, up what it closed wider margin, 3 1/2%. liz: than we had seen at the official pullback. you look at that say, randy warren this, is a company that is discretionary.
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when people have to tighten their wallets they might not spend as much on netflix. things look good here. >> i'm not a big netflix fan. especially younger generation, my kid and whatnot they're all using it. the college kids are using it in their dorm rooms. they have access to cable but access to the internet. it is pretty compelling but all in all i think it is an expensive stock. so you're really taking a big risk buying it up here. david: it is expensive, lincoln, because of the fact it is more, okay, we'll get to chipolte in just a second. it is a de-cabling play, is it not? if you want to get rid of cable in your house, millions of people do, this is one way that might be able to do it, correct? >> yeah. that is absolutely right. it is not so much discretionary liz. it becomes much more of a staple. you think of television or cable in terms of the price point. like the way the starbucks latte hits the family budget. liz: chipolte were expecting
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$3.08. how did they do, adam. >> the three was expecting $3.08. the revenue was huge, 1.05 billion, liz. street was expecting 990 million. their revenue was up 28% year-over-year for same quarter. same-store sales up 11.3%. here is something to keep in mind. food costs 34.6% of revenue. that is increase of 150 points, driven by increased price of beef, avocado and dairy products. liz, back to you. liz: that is a huge beat. the stock, bid at 628? david: 6.5ers in jump here. randy, you have been following this stock. what do you think? >> i really like this stock. you've got to love the way they're revolutionizing the retail, call it retail food industry. it is not just going to be about mexican food provided to everybody in the united states. it will be about other types of
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food as well. so they will be expanding into the future. there is lots of room to grow. even though this is also one of those expensive stocks, one of those momentum stocks. liz: i don't mean to just jump around back and forth but part of the reason that netflix is seeing a pretty significant jump here, a couple of things. they're announcing all kind of operations in netflix europe. so they're naming a bunch names. netflix germany. so this is definitely something people are waiting to hear on. what is your european expansion? they have it. they're also announcing gift cards. physical gift cards in celebrity stores in the u.s., canada, mexico and germany later this year. there you go. becomes something people look at it, and say, lincoln this, company is still thinking and still moving and hot on its toes? >> that is absolutely right, liz. we talked about european subscriber growth would be absolutely key to the growth, multiple expansion of netflix. now if you add into this, you can buy a card, gift it like you
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would itunes or something of that nature you have just created an entirely new revenue stream that is massively diversified right ahead of the holidays, probably looking at some very significant numbers toward the end of the year. david: uri, when you look at these numbers and see how both netflix and chipolte did in their own right, totally different sectors, both of them sending the stock higher, i know you're an ultrabear here is there any temptation to get into market like this? >> i think there is a lot of temptation and that is why the market keeps going up. i said that the consumer really will be the swing here. they have a couple of consumer stocks here doing well. so that is definitely something to watch. for this market to have another leg up and surge through the 2,000 level on the s&p it will certainly have to come from consumer dee dee manned. these are two pieces of evidence the consumer might be gaining strength. something we'll certainly watch closely. that said it is not enough to make me believe we're not going
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to see some kind of fairly major correction the next three or four months. liz: uri, you're not wrong when you point out concerns and worries. you talk about what you say fairly significant correction, three to four months, how much? >> i could see the s&p trading down somewhere between 1650 and 1100 level from today's 1970 odd points, you know, by october. so, you know, over the next three months that is when i look for correction. i don't think it is end of this bull market but i think this market needs to pause, regroup a lot lower before it can surge through the 2,000 level. david: but, lincoln, look at these up in members. we got netflix, if we can switch to chipolte because chipolte is now up 8% after-hours based on real significant earnings. it is not just pie-in-the-sky. this isn't talking about future forecasts. this is based on what the consumer is doing now, lincoln. >> i have had today, think about, this is where murray may actually be right. if you look at all the sectors
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of s&p 500, consumer discretionary worst-performing, barely in the green for the year. these two stocks in particular very low price points. not so sensitive to wage gains or wage losses or job gains or job losses. these stocks moving higher, discretionary piece of the puzzle flat-lined this year portends something different. all defensive names except technology up 8% this year have been winners. it is yield and about cash flow an defense. we haven't seen anything that would suggest large-scale, consumptive growth off back of wage gains or job gains. so that growth is really tied to gdp. and some sort of significant paws or some sort of a tremor in the system could trigger kind of pullback murray is talking about. liz: we now know where everybody stand, let's get the picks. randy you are expressing you really like chipolte. you have a bunch of names you brought us. i was looking at the names they're up pretty significantly
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over last year, pioneer natural resources up 43% year-over-year. contra resources intel. apple. apple is up 55%. they're reporting tomorrow. what runs through these that makes you feel they have more room to run? >> what we're seeing is a, just a series of good earnings but it is also mixed with concern as you're hearing from our other guests. concern with geopolitical uncertainty and is market fully valued. there is tremendous amount of concern. we're calling this all the imperfect storm. and what it really calls for is for investors to have a plan. you need to the have a plan. you need to know what stocks you're in. you need to know why you're in the stocks and need to have a hedging strategy that you can put on in case there is that pullback. i mean the market is valued well right here. it is not overvalued. it is not crazy like 1999 or anything like that but is valued fully. you need to have a plan and need to have a strategy. that is what we're talking about
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with our investors. david: we have to leave it at that. by the way uri is big on gold. he likes spdr gold and bank of america agreeses with him. they say the worst of the gold price is our. if you want to move into gold maybe now is the time. randy, lincoln, uri, thank you very very much. gentlemen, we appreciate it. >> thank you. liz: despite the crises in ukraine and gaza the markets have not shown real signs of extended panic. are investors ignoring what could be the most dangerous geopolitical moment in years? one ex-per thinks so. he will join us. david: apple shares up 24% since the tech giant's last earnings report. will tomorrow's result, tomorrow is apple day, prove investors are right? or will lack of new products stall sales even more? we have a preview of aptelecomming right up. we'll tell you if it is time to buy. liz: all this week we're giving you tools to find and land a job in our can you hire me now series.
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talking today about negotiating. five tips you need to know how to get what you want in your next job. david: also today, the fourth anniversary of dodd-frank. we want to hear from you. what do you think about it. has it been more after help or a hindrance in our economic recovery? we have frank keating on to talk about exactly that, coming up later in the hour. tweet us what you think, @fbnatb your answers coming up. ♪ [ 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.
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david: netflix really taking off after reporting moments ago. liz: nicole petallides on floor of new york stock exchange. >> it is exciting to look at netflix in after-hours. name we watched closely. big news here. and it is trading higher, up about 8, $9 in the after-hours as they came out with earnings and revenue pretty much in line. what i want to talk about was number of subscribers here. the 50 million mark was huge. analysts i was reading just now, they have crossed that line, they have crossed that 50 million subscribers. so for second quarter total streaming members, 50.05 million. they see the third quarter total streaming members at 53.74 million. don't forget the fact they're doing so well with "orange is the new black." also "house of cards," original programing, really vaulted this company to this many subscribers
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and more going forward. it has earned them 31 emmy nominations that. being said they did give one outlook here for earnings per share in the third quarter. it look as little light but, that didn't seem to be affecting the bid-ask price at this time. third quarter earnings per share missing analyst estimates. they were anticipating 89 cents versus estimates of 1.01. certainly the big picture here is closed at $451.95 and is trading around 458 at moment, liz and dave. so good news for netflix. david: for chipolte as well. >> gift cards, by the way they will introduce some actual physical gift cards. david: okay. liz: germany, elsewhere. david: transfers into the action tomorrow. thank you. >> into last thursday news of the downed malaysian airlines jet in ukraine sent u.s. stocks in the red, next day, very next day, the market rebounded almost as if nothing happened. but are investors making a mistake in a new flashpoint in
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the ukraine conflict? liz: let's bring in david weidner, one of our favorite market watch columnists says do not shrug off this what are you worried abouts most? return to cold war mentality or something different? >> i think that is the ultimate risk, we get into one of these east-west fractions. i think it is very dangerous right now at a time, you know, back when we had the cold war, economies were much more isolated. we have a global economy now. we have russia. it is $500 billion in exports, $350 billion in imports with the eu and all across the globe. we can't have this kind of conflict and not efallout in the global economy which we in the united states are very much a part of. david: david, exactly those financial interconnections we have now than we didn't have the cold war which is why the market
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is a little more sanguine than you think it should be. that is, today from the president, no more tightening sanctions. yes, rhetoric was there but there wasn't specific action. the market breathed a sigh of relief, came off its lows. i think basically what the market is saying, because of those financial conditions, we're more insulated from cold war come flicks. what do you think? >> i don't know, david. we see a lot of these leaders from across the globe with their outrage about this. i think there is going to be fundamental political pressure on them to take more dramatic action that. includes president obama. but more importantly, the e.u. is going to have to tighten up those sanctions. david: but hold on a second, david, a lot of people would say, why are they shooting themselves in the foot? they get a third of all their natural gas from russia? >> exactly. they can't allow, they have to have, unfettered airways. people have to be able to travel
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in this region. they have to send a message to russia, for separatist it is not to stand on global stage. something has to happen as a result of this. the outrage is pretty palpable right now. i will say this. in the markets we haven't really seen an impact but we did see it today in one market. we saw the price of oil go up. i. i think it was up 1.64 last time i checked. there is where we're seeing it. once we talk about energy prices there will be ripple effect in the marketplace as this develops. liz: look at this. we have an intraday picture. it happened 2:00 p.m. eastern. i'm just wondering, david, is that more in advance, say, of inventory numbers which we know last week showed a drawdown which tends to be bullish for prices. prices go up with a bigger than expected drawdown? or some direct relation what is happening with russia? >> are you talking about intra
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day numbers with oil or -- liz: intraday numbers correct. >> at end of day you look at $1.68 price jump in the price of oil and you look what in the world is going to cause that kind of a spike and i think all signs point to this russian separatists ukraine conflict. i think in the end that's where you're getting, that's where you're getting your lift. david: definitely not over, that's for sure. we'll see more of this. and it will have a play in the market some way. david weidner, market watch. thank you, david. appreciate you coming on. good to see you again. >> thank you, david. liz: it is one day before apple's earnings report and wall street will be scrutinizing two things, the latest ipad, and the latest iphone sales numbers in particular. should you, the investor be worried or should you jump in? we have a earnings preview. give you a window what might happen yet. david: i just bought a mac air just yesterday.
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it was supposed to level the wall street playing field, but critics say the dodd-frank, four years on has caused huge damage to the financial industry and the economy. american bankers association ceo frank keating is here to weigh in. liz: hedge fund changed their bets on gold after the precious metal's longest rally in nearly three years. details ahead. ♪ she inspires you. no question about that. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph,
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stuart! stuart! ♪ check it out. this my account thing. we can tweet directly toa comcast expert for help. or we can select a time for them to call us back. the future, right? ♪ this doesn't do it for you? [ doorbell rings, dog barks ] oh, that's what blows your mind -- the advanced technology of a doorbell.. [ male announcer ] tweet an expert and schedule a callback from any device. introducing the xfinity my account app. david: time for a quick speed read of the day's other headlines, five stories, one minute. allergan cutting 13% of its workforce. job cuts are part of botox maker
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restructuring plans to save $475 million. general motors orders dealers to stop selling used cadillac cars due to ignition recall cars. dealers are sold told not to sell 2003 to 2013 models of cts and 2004 to 2006 srx models. zillow says home values will not reach prerecession levels for four years. they remain 11.3% below their 2007 peak. a chinese supplier sold expired meat to mcdonald's and kfc. plant workers shanghai company mixed expired meat with fresh products deliberately misleading mcdonald's inspectors. data suggests that raising minimum wage does not slow job growth. those that raised rates grew average of 4.5% since june. [buzzer] that argument will go on a long time. that is today's "speed read."
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liz? liz: the stock is up 24% since the company's last report. analysts expect earnings per share of 1.23 on revenue of 38 billiondollars. david: so will apple deliver and should you take a bite out of the stock ahead of results? with us brian cohello, "morningstar" senior equity analyst. full disclosure i sold my stock at $96. i had to hold it a long time because of what i do. i think 96 looked kind of pricey to me. what does it look like to you? >> we think it's a little on the high side right now. we have $87 fair value. it is hold to slight sell. if you're buying at this point you have to be really optimistic about iphone 6 and specifically share gains from samsung. we haven't seen that phone yet. that is a bit of a bet. it is certainly safer to take profits. liz: are you seeing anything pop on the tape? iphones, ipads, what numbers are you looking for, what numbers do they have to beat?
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>> i say in general it is seasonally slow period. all these products are nine months old. relative to the holiday season the quarter isn't as important. i would say, yes, iphones and ipads are specifically what we're looking at what they're doing in china. that china mobile ramp is relatively new the past few months so we're looking for good traction and ipad it has been flat for a year. we're looking for any signs of growth is good sign for further growth, holiday season and beyond. liz: can i get number on ipad sales? we're showing 14 million on the screen. >> we don't show our exact numbers but i think that is reasonable estimate that investors should be looking for. liz: okay. david: let's talk about the ibm deal if we can. ibm has a wonderful sales force. they don't have as many products as apple does. i'm thinking they are looking at synergy of apple products with the sales force. the question what the ibm sales force sells. what do you think of the deal? >> exactly. can only be positive for apple.
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because apple doesn't have enterprise sales force. they don't have a lot of experience selling directly to enterprises. ibm is a good partner because they don't have the sales force and no longer competes directly with apple. we think it's a good partnership. it can only be positive. the size of partnership is hard to determine. if corporation pushes iphones out to the customers are they pushing away iphones their customers own? it can only be a positive. liz: apple usually doesn't traditionally make any kind of product announcements in their earnings reports but are you looking for any signs about the iwatch? any crews or something else, some other device? >> well, we're always be looking for clues but again we're not going to be expecting anything. i would be very surprised if there was anything -- liz: when do you think it will launch? >> if there is an iwatch i would expect something before the holiday season. so remains to be seen whether it is september or october. those are the normal product
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announcements for the iphone and ipad. maybe it gets lumped in with a ipad. maybe something totally separate, hard to see. if they launch a product this year and tim cook said multiple products coming this year, has to be before the holiday season. david: i have one observation i want to make. yesterday i bought an air mac for my daughter. i was very impressed. i love apple products. however not one of the sales force, not one of the people waiting on us, these apple geniuses doing their work had a watch. people under 30 just don't wear these things. they don't wear watches at all. it will be a tough sell for the under 30 crowd, isn't it, these wearables? >> agree. you know i think it will have to be something that is additive to a smartphone. it will have to be something fitness related. will do something more than tell time. i think good companion to the iphone if it tracks fitness and track pet dom terse on fitness side and giving you alerts. right now my phone is not next to me. if there was some sort of alert
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i want it to come to my wrist directly. my phone is away from me. david: brian, i got to tell you, if the apple sales force is not wear being any kind of watches if they're not going to do it, i don't think the general public is. but who knows. we'll have to see. brian, great to see you, "morningstar" analyst on apple. wonderful stuff, brian. >> thank you. david: the dodd-frank law was supposed to kill any idea that any bank is too big to fail. four years on has the sweeping legislation left wall street drawning in red tape and economy slowed by government interference. we'll ask the american bankers association ceo and president governor frank keithing. >> with the unemployment rate, yes, coming down, we're kicking off a brand new series this week called, can you hire me now? today, five tricks for negotiating the job, the contract or the salary. news you can use. we're talking to the author of "think like a negotiator." stay tuned. ♪
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by eight-point 5% according to u.s.ñi gob!95q data with the week ending july 17. even though the5a prices drop 2% last weekçó going back to you to the preciousu( popularityxd due to the attention and we8)rs(ruut but it has outpaced the gains for commodities and equities and treasurys.xd >>i] once the federal reserve tightens u.s. interestlp ratesq >> bank of america says the opposite.w#3xd four years since president obama assigned as sweepingñi in today'sxd anniversary house republicans had issued a pressñixd criticism with manyá(t implemented how are they to
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much less understand, 14,000 pages of rules? david: we don't want to get into all 14,000 pages. peter wallison wrote a piece in "wall street journal," sees conspiracy afoot. real purpose of dodd-frank was to be used as political tool. blaming entire financial crisis on private banks. for an example, in 2008, 76% of all the subprime loans which everybody agrees is a major cause of the financial crisis was held not by private banks but by government entities and government related agencies. only 24% were held by private banks but dodd-frank said nothing about these government agencies. all focused on private banks.
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>> i think those are probably too big to touch. but reality is, they went bust. and if you don't have a job, you don't have any assets, you have no income, why are you borrowing money to buy a house? why would somebody loan you money to buy the house? the truth is, mortgage brokers, really basically unregulated, only were paid if they made it happen. i remember, i saw a piece before i had the honor of representing the banks where a lady was dabbing her eyes, losing her house and interviewer said how much was your mortgage? $800,000. >> what do you do for a living. i'm a school bus driver. we need school bus drivers but who in the world would loan $800,000 and who would borrow 800,000? it was absolute cycle of greed but there are bad results on both sides of the equation, both the lender and borrower. and both parties need to get together to take out of dodd-frank these features like volcker and other, the cfpb's
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unbridled lending i think retard lending and home buying. david: it was greed fueled by federal government by all the loan programs encouraging people to get way in over their head. i talked to some of these people, these lower middle class people had loans, mortgages three times what i ever paid before. so a lot of it was encouraged by got. government was not target of dodd-frank. finally other thing you mentioned al new agencies created by dodd-frank, consumer financial protection bureau, liz warren's brainchild, all these agencies and everything, compliance officers of banks to deal with this, jpmorgan, again in wallison's article, jpmorgan chase, they fired 5,000 people past year but increased their compliance officers by 3,000. in other words they're having a lot of people paying money to do things that don't create any revenue. >> that's right. if you hire people who don't create any revenue and you fire people that do, guess what? you will have less revenue.
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which means you will have less lending and borrowing. less business activity and that is bad for america. david: so the bottom line effect on small banks, the ones who you give voice to? >> well, it is really tough. now there are fence line loans. in effect, 40% debt-to-income. no character loans n my own case when i was 27 bought my first house, owner seller collateralized note to $5,000. i didn't want my mom and dad to cosign it. today that would not be a qualified mortgage loan and i think that is bad. david: frank keating, ceo of american bankers association. thanks, frank. liz? liz: we're kicking off new series, can you hire me now, to land your dream now. our next guest tells you how to negotiate like a real pro. we'll bring you the very latest on the malaysia airlines tragedy in ukraine and progress of the investigation. there are developments. stay tuned.
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liz: we all know, especially lately, how hard it can be to land a job in today's economy. this week we are giving you specific tools that do just that today we are kicking off our week-long series called "can you hire me now," kicking it off today looking at negotiating techniques, the most important ones you need to have. what is the secret to negotiating a job and then
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getting the best salary deal. joining me now, donna louis fernandez, ceo of dynamic vision author of the book think like a negotiator. pleased to have you here. beginning first with negotiating , how important is it going to, you know, meeting to negotiate when it comes to actually landing the job? >> well, great to be here. in my 30 years of negotiation in the military and civilian sector and now has a speaker and trainer teaching negotiation i sound -- find renegotiate each and every day of our lives and it is important to think like a negotiator going into the job. liz: to train as now, we have a bifurcated issue to land the job and negotiate the best opportunity. i liked your story because you mentioned you were in the military, retired air force, reached a very high rank which becomes a question, when you got out of the government and started trying to land jobs, how
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did you learn that you needed to know how to negotiate better? >> well, i actually learned by fire, i guess. my first experience was not the greatest in the interviewing process and i realized i had to think like a negotiator even in the job market, have confidence in be prepared in advance. liz: let's use that word confidence, number one tip, everybody. people are watching because they love the news you can use. show confidence, but they're is a sub sector to that, right? you don't want to be obnoxious, right? >> you don't want to be over the top, and someone's face. we have confidence. if you think you do not have the confidence to negotiate, you do because whether it is a multimillion dollar deal or where to meet for dinner you negotiate every day of your life to build on those skills and take that confidence into the interview. liz: give me an example of being confident. not too bold and brazen are cocky, but i think employers
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would love to have someone sit in their office and say, i am confident. i can do the best job for you. i will come in early, stay late. i am the best person for this particular position. >> exactly. doing research, finding out history, showing that you know something about the company will be working for. and then, like you said, willing to come in early, stay late, have integrity, the one for the job. bring all that to the table and show that in your level of confidence while interviewing for the job. liz: and this is a classic negotiating issue. you have to be willing to walk away. but when people are so desperate to get a job and a decent salary, howdy you do that when you don't want to walk away? >> right. you cannot show that you are desperate. you have to be confident and motivated. if you sure you are desperate they will see it and use it as leverage. you want to make sure you show your confidence, experience, and be willing to walk away because you don't want to compromise our
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values, your bottom line. there are times when you just need to walk away depending upon what they offer you. liz: let's talk about the next one, leave emotion out of it. that is sort of the tail end of desperation, right? >> right. well, a lot of times in negotiation people often get emotional. they use in motion, bullying, yelling. you don't want to do that, be over emotional, fire hose someone with me it -- information. you need to be calmed and collected. that is where you draw from confidence and experience. liz: when you landed jobs don't be afraid -- this is number 45 to ask for what you want. there are a lot of things that can be negotiable. if you want one certain thing when it comes to leaving early on a certain day when it comes to your case you give up a little bit of something else, correct? >> right. and it is not all of salary. if we don't ask, we don't gate. people are often afraid to ask because they fear rejection.
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people say no three times before they say yes. you have to keep asking and figure out a different way to ask and be creative with what you are asking for. liz: and be pleasant about it. finally, don't talk too much. i have never heard that one before. >> well, have you ever been in a situation where someone will talk you into this sale or documented this situation and then they keep on talking enviros information, through information down your throat and you are like and i don't want to a here anymore. you want to get enough information where they are interested but not the whole story, the book, the whole at age of what time is it. liz: great advice. eldonna fernandez. we will put all of her support in ideas up on foxbusiness.com / "after the bell." again, eldonna fernandez, the author of "think like a
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negotiator". tomorrow part two, david. david: and every day this week a very important series. you don't want to miss it. meanwhile one of sony's most popular and iconic products making a comeback. the reid designed device. also, after days of obstruction of russian-backed separatists in the ukraine finally allowing investigators to search the wreckage of the downed malaysian jetliner, but is putin still thumbing his nose at the world? we go live to d.c. when we come back. ♪
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remember, all medicare supplement insurance plans help cover what medicare doesn't pay. and could save you in out-of-pocket medical costs. call now to request your free decision guide. and learn more about the kinds of plans that will be here for you now -- and down the road. i have a lifetime of experience. so i know how important that is. ♪ liz: it has now been four days since malaysia airlines flight 17 was shot down over ukraine. a pro-russian separatists said today they will allow international investigators to search the crash scene and handing over bodies of the victims. david: about time. peter barnes is live from washington. >> reporter: be here and liz, a train carrying the refrigerated remains of most of the almost 300 victims of flight 17 left
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the crash site on monday as they began their journey south. this after malaysia cut a deal with the leader of pro-russian separatists to control the area by passing kiev and washington. at the white house president obama again called on russia to push the separatists to cease fire and provide complete access to the crash site to allow for a thorough international investigation. >> the pressure continues to violate ukraine's sovereignty and to back the separatists and the separatists become more and more dangerous and are now a risk not simply to the people inside the ukraine but the broader international community, then russia will only further isolate itself from the international community in the cost for russia's behavior will only continue to increase. now is the time for president putin and russia to put it away from the strategy that they have been taking. >> reporter: now republican
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lawmaker push to suppressing the administration to explain why the faa did not warn airlines about the presence of anti-aircraft missiles in eastern ukraine if intelligence agencies, u.s. intelligence agencies knew about them. in a letter to the white house noted faa issued a warning to the airlines called a notice to airmen in april of of the danger of flying over crimea but not about eastern ukraine. he asked why the faa did not update its warning to cover that area. white house press secretary was asked about that today. he cited the april morning and said it is up to individual carriers to make decisions about their flight plans. liz: thank you very much peter barnes in d.c. david: mistakes were made, but we have to focus on who is responsible. thank you, peter. forget about cheese in a can. we will tell you about a so-called spray cake when we go
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"off the desk". liz: sony's iconic music player of the walkman celebrates its 305th birthday this month. we will tell you how they are celebrating next. ♪ she's still the one for you. and cialis for daily use helps you be ready anytime the moment is right. cialis is also the only daily ed tablet approved to treat symptoms of bph, like needing to go frequently. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess.
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sony's walkman is coming back to the us. more than three decades after its debut in 1979, and it's more high-tech and pricier than ever. it now cost $700. this new walkman is aimed at premium buyers. it doesn't play the old cassettes, the altar high death audio. it's going to the dx one and is different from other mp3 players. it's bulky, heavy and houses a 128 gigabytes of storage. people in japan love it. it has sold out after hitting japanese stores in december. it's us launch date has not
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yet been set. >> also leave it to millennial's to invent ke. it's like canned and takes less than 30 seconds to cook in a microwave, spray cake comes in classic chocolate or vanilla and the two harvard students who invented it insist the simple cake baking style does not compromise the taste. they are currently looking for a manufacture to mass produce? liz: can i still eat the batter? we asked if you think dodd frank has been helpful or a hindrance to us? this is been said if we are in a recovery my bank account is not been informed. >> dodd frank may be worse than obamacare is what we are hearing on twitter. liz: the number one thing to watch tomorrow will be earnings from apple and microsoft, major heavyweights both are scheduled to report after
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the bell. analysts expected apple microsoft to report 60 cents and revenue up $23 billion. >> very important day after the bell. yet to keep it right here and we will see you tomorrow. meanwhile "the willis report" is next. exploring wealthy women marry men of lesser means. gerri: thank you. when she is rich and he is not, what could go wrong? we will explore, also on the show the call to put more security cameras on school buses. with a planned stop the violence we have seen on these very same cameras? also, the government ran through one of the most unfriendly taxes on consumers and in some time a new airport security fee that doesn't pay for airport security. it's our users guide to saving money and we are going grocery shopping with consumer reports to find the deals right before our eyes. "the willis report" where consumers our our business starts right now.
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