tv After the Bell FOX Business July 24, 2014 4:00pm-5:01pm EDT
4:00 pm
[closing bell ringing] david: i got to tell you, little-known secret about, 1987. that is the number, right, liz? 197, on s&p. look at that number. exactly 197.77. may rise a little bit above that to 198. we're close to record on s&p. unfortunately all the other indices couldn't pull out a win today. but it wasn't a bad day. the way things were looking at one point. they were going pretty far to the south. just about flat on the dow. russell is biggest loser. even there, barely a loss. we have a very busy day. a lot of earnings coming out including amazon. "after the bell" starts right now. liz: can't ignore the truly
4:01 pm
zillow rumor there would be potential merger there, both of those stocks skyrocketing. let's get to lee munson. president and chief investment officer. lee has a big smile on his face. he will at the us why emerging markets may be your best hedge against inflation. we have centennial capital parcellers in senior partner. he says rising interest rates could be good for stocks. bob iaccino from the cme. we're waiting on big numbers for big names. take it first. action, another s&p record. >> you could call it not a bad day. not particularly impressive way we gained. we finished with a record on s&p. i don't think it was one anybody didn't expect to happen. earnings reported yesterday on facebook but didn't see much follow through. you saw sideways action after that. that telltale. see one or two-day move after
4:02 pm
that. we're late in the week. people put more money to work. you have the gap open, pretty much sideways from there on some major names. david: lee, munson. gold. a lot of people were talking gold today, way down. it has another 12 handle. 1294. some people say it may go to 1208 before the week is done. you say there are other ways to hedge against inflation. one i never thought of. why are emerging markets hedge against inflation. better than gold. >> you have to think a lot of 21 emerging markets are commodity-based countries. russia in terms of energy. china, brazil. the main thing, that emerging markets are quite correlated to gold. tips, inflation protected securities. nice thing about emerging markets not only diversify portfolio out of u.s. stocks. they have a return on capital. it doesn't sit there shiny and looking pretty. emerging markets tend to pay good dividend.
4:03 pm
they have that return. when you look historically and think when will i get the most bang for my buck, let's look at data, not just a newsletter, you will find stocks, especially in countries with high inflation, you're take that rick because capitalism works it is your buddy. gold, frankly they're good for wedding rings, things of that nature. liz: let me interrupt you here because pandora came out with numbers. adam has them. >> street was expecting three cents. revenue 211.9 million. street was expecting 218.8 million. mobile, revenue from mobile is 167.5 million. that is a 51% non-gaap increase year-over-year. going through the report to see if we get their user numbers but that is the latest. liz: total listening hours, david is big fan of pandora. david: subscriber. liz: 76.4 million at end of second quarter. the listener hours growing 29%.
4:04 pm
david: that is 76-point what? end of first quarter was 75.3. that is 1.1 million more than the last quarter. not tremendous amount. after-hours you can see the stock barely moving at all. doesn't show much of a move. what do you think about pandora? janet yellen said all the social media stocks are overvalued. she was wrong in the short term about facebook. is that following for pandora as well? bob, go ahead. >> janet had duration play about that. i don't think she was talking about the next couple days. i'm not a big fan of the space to be honest. interesting what was said, i couldn't hear who said it, you like spotify better than pandora. liz: me. >> was that, you liz? liz: yeah. >> spotify experience is better. if you like the space, you have to like pandora because they're going into cars at a much faster rate than spotify is or ever will. they have such a head start.
4:05 pm
you're seeing what is happening with ford in terms of sales. pandora is going in there. if you like the space you have to like pandora. liz: let me get to curt. before we hit pandora numbers, lee said go to emerging market space. curt, you're unapologetic bull when it comes to long-term bull market you feel could last 20 years. why? why do you believe we're still in the early innings what already has been a five-year big rally here for stocks? >> well i think we began in 2009, a secular bull market. i think we're in a cyclical cycle of that secular bull. i'm not saying that we'll not have correction or we're not going to have any type of adjustment. i think we will. but i think we're probably in the 7th inning of this cycle. i think long term, if you look at demographic, it is going to be driven by the baby boomers babies. those kids that are going, as they begin to mature and get to age 35, start earning more money, start developing families, they will have
4:06 pm
profound impact on housing, financials. i think will really drive this nation forward. in the near-term -- david: excuse me for interrupting. let me put up pandora numbers again. i should mention they dropped dramatically the pastple moments. down to about 26. some numbers came in, what i said before, what, 1.1 million increase in active listeners. that apparently was not, that much for the market. go ahead finish the point, curt. we have starbucks, very important earnings. we're about to talk to dunkin' donuts ceo. adam, give us the numbers into starbucks beating on both lines. earnings per share, 67 cents. the street was expecting 66 cents. same-store sales, in the americas up 6%. same-store sales globally up 6%, david. david: interesting you mention this because it is trading way up after-hours, well a full
4:07 pm
dollar up after-hours. we were talking about dunkin' donuts. their ceo is coming on. they had a very bad quarter. seemed bob, all things are not equal, who came out of the winter doldrums equally. starbucks did very well. dunkin' donuts did not. >> they're brand loyalty. higher end of coffee chains. more affluent price increase goes with their customers, a lot more smoothly than dunkin' donuts customers. they have done very well extending duration of coffee hedges. there is revenue growth in there. bottom line doing really well. move up to the highs after initial dip tomorrow after first opened. liz: same-store sales is why the stock initially got a positive bump. it is moderating at moment. david: it is. liz: same-store sales, david looked good. i need to mention too, visa is out. as we parse those numbers, visa's stock is now trading well below. at least for the bid, what it
4:08 pm
closed at. it closed at $222. it is now at 29 for the bid at the moment. as we work on visa numbers important to keep that up and keep that in huge market cap for this company, david. david: curt, i want to bring you back to today's news on housing. one of your picks is toll brothers. toll brothers was down, way, way down. it was down about 4% today. of course the old adage, buy low, are you concerned at all when you looked at numbers that came out. >> down 8% on those housing starts? >> no. because it is early stage. think if you, if you go forward 10 years and able to look back and look where housing will be, and i look at where the price today is, as far as builders and all the suppliers around housing you look at this being cheap and opportunity to make some long-term money. once again demographics in this country, people get wrong. they think it is baby boomers. it is not. it is baby boomers babies. as they mature and get to
4:09 pm
college debt in the back window. as they have kids and -- david: i don't know how far that window is getting further and further back. debt is increasing a lot. a lot of millenials are staying at home. not moving into houses of their own. liz: hold on. let me get to the visa numbers. >> got them right here. liz: adam, how did they do? >> they beat and beat. 3.16 billion. street expecting 3.15 billion. earnings per share $2.11. street expecting $2.10. this is what you want to pay attention to. revising full net revenue growth for 2014, revenue growth in the nine to 10% range. i believe that down from what they said in the last quarter, 10 to 11%, liz. liz: lee munson, you say doesn't matter. visa is a global company. nonetheless you're actually believer in pretty interesting plays. put them up on the screen. they have little to do with markup. market vectors, russia, rsg,
4:10 pm
that is big high-risk issue, right? >> the reason that i put that up, everybody has that urge sometimes to be degenerate gambler to go to vegas. russia is the poster-child. four types earnings not that you need to buy it. you have to have asset allocation liz, that is sensible. the russian multiples have been cut in half because of the political risk. by the way, the valuations were even half of what they are now, back in '98 when they defaulted and back in 2008. but the point is, that if you go and do something silly i want to speculate on russia, you're being rewarded, not because of trying to time the market but because of political risk. that is why emerging markets, especially small value marriage marriages because i want to talk about russia. -- emerging markets. the reason you get more return because there is some other risk you will get rewarded for taking. now russia, that's a little
4:11 pm
extreme. if you want to gamble and speculate that is a great place to start. if you look smaller, value emerging markets you have higher expected returns. smaller companies have more risk and returns. cheaper does better than value. it is dunkin' donuts amazon thing or starbucks. this uncertainty is in dunkin' donuts. everybody knows starbucks. it always does well. liz: lee, we love your energy and love your idea. we must go. it is a particularly busy afternoon here. thanks to lee hundred an son. buffett is with you. go in when it is scariest. and curt and bob, thanks to all of you. david: thanks, gentlemen. appreciate you rolling with the punches. they may have hot coffee but dunkin' donuts and dunkin' brands did not have a hot quart sales felt short sending the 52-week low. what is plans to turn it around. we have the ceo to ask him. liz: earnings kick into high gear last quarter. 23 models are in ford's pipeline
4:12 pm
and growth in china just heating up. the company says, the best is yet to come. we're talking to ford chief financial officer bob shank. david: also linkedin, it has become a crucial tool for employers searching for job candidates. 300 million people have linked in. so how can you make your profile stand out among the crowd and what do employers want to see specifically? we're talking to the expert in linkedin, as we continue our, can you hire me now series? liz: we want to hear from you, facebook earnings, which came out after the bell, prove fed chair janet yellen was wrong about social media stocks. or was she right and they are overvalued? tweet us@fbn, atb. your answer coming up. -- us @fbnatb. ♪ [ male announcer ] once, there was a man
4:13 pm
who found a magic seashell. it told him what was happening on the trading floor in real time. ♪ the shell brought him great fame. ♪ but then, one day, he noticed that everybody could have a magic seashell. [ indistinct talking ] [ male announcer ] right there in their trading platform. ♪ so the magic shell went back to being a...shell. get live squawks right in your trading platform with thinkorswim from td ameritrade. get live squawks right in your trading platform 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.
4:14 pm
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.
4:15 pm
david: boy, started to drop now. dropping like a stone, pandora sinking in after-hours trading, following second-quarter earnings report. liz: let's head back to nicole petallides on floor of new york stock exchange for real reason here. >> i've been talking with traders to look at numbers here. seems forward numbers are really problem is. we'll break down current quarter better than expected, earnings per share coming in at four cents, three cents earnings per share. revenue also, that was good enough news there too. 11.9 million, versus estimates
4:16 pm
of 18.3 million. outlook for third quarter adjusted earnings per share looking five to eight cents. estimates were eight cents. wouldn't have been great if they said eight cents to 10 cents. while they seemed positive going forward. that may be one bone of kong tension. -- contention. growth slowed a bit. that may be another bone of contention. listening hours grew 29%, liz and dave. active listeners were 76.4 million at the end of second quarter for pandora. back to you. david: thanks, nicole. dunkin' brands missing estimates today and cutting full-year forecast, pushing shares to a 52-week low, down about 4 1/2% today alone. the parent company, dunkin' donuts, baskin-robbins ice cream, reporting weaker than expected same-store sales. kirk revenue fell short of street estimates. what weighed on the second quarter report, what needed to be done to boost performance in the second half of the year? joining me nigel travis, dunkin
4:17 pm
brand chairman and ceo. nigel, good to see you. tough day for you. first quarter was weak because of the weather. you can't really blame the weather for the second quarter, can you? >> david, good afternoon, we don't really blame the weather for the second quarter. it was a very small factor, in the quarter. increasing competition. we've also seen a tightening market. i think it is, actually, very instructive, today, day reported, mpd reported the year, for the industry to the end of may. 21, 61 million people visited restaurants. that is actually at a level, recession started. so, i think that demonstrates things are very tight out there. having said that. we lowered guidance. we don't like to do that. we have very high standards. going forward, we've got some really good plans, i think are
4:18 pm
going to make things go in the right direction. but i would like to make one point. david: sure, go ahead. >> we're a franchise business. franchise profitability is our number one goal. our profitability is doing very nicely. franchisees are doing very nicely. our franchisees are investing in the brand at record levels. i think that is really important. however -- david: hold on a second, nigel. you're preaching to the converted. i'm a dunkin' donuts guy. i love dunkin' donuts coffee. liz: me too. david: liz says yes too. starbucks came in with jumpers in. it is trading about where it ended day. very strong numbers in its second quarter. why did starbucks do so well and you not? >> well, firstly, congratulations to starbucks. their numbers were good, but i would think i also point out as we said on our earnings call this morning, david, we beat just about everyone else in quick service restaurants. we looked to all the other
4:19 pm
numbers that have come out earlier this week. we have beaten, see as our other direct competitors. we grew share in the quarter. we grew our transactions in the quarter. i think that was very important for us. there is a difference between us and starbucks. we have a different model. we have a franchise model. which means other people invest in our brand. we have great return on that investment. it means, that if we make changes, we have to consult our franchisees. pricing is up to them. sometimes takes us a little bit longer. what i will tell you, our franchisees in our view did excellent job come peeing with the quarter, it is tough but they did a wonderful job. david: hold on, nigel, if you can, just one second. we're very quickly come in with earnings report and come back to you. adam, very quickly please. >> loss of 27 cents per share for amazon. the street was expecting a loss of 15 cents. revenue grew to what the street
4:20 pm
expected, 19.34 billion. they're reporting second quarter sales up 23%. revenue, 19.34 billion. that is what the street expected. a few other nuggets people consider, worldwide media sales, 4.84 billion, david. north american segment sales, 12 billion. back to you. david: fine. as we see trading after-hours is bad. we'll try to keep up the amazon numbers so folks see how much it is dropping after-hours. significant drop of course. profit is issue with amazon, always has been. negative earnings per share number this quarter. nigel, i want to ask what the biggest headwind you're facing. inflation on products like milk and consumer demand. which headwind was a strongest for you? >> i would say consume demand. as i said, restaurant visits are down. to be fair, npd information showed breakfast visits were up. that attracted a lot of other competitors including casual
4:21 pm
dining into our sector. we competed well. i think important take, david, our transactions were up. what we intend to focus on is utilizing that, newfound traffic and getting them to take more dollars per transaction. we're going to do that through our perks program with record growth. it was 1.3 million people signed up now for our perks program. r. >> more and more people downloaded the app. we're eight million on that. a lot of things are going right. i think you will see in subsequent quarters that we will have better numbers than this quarter but still will be tough out there. because i don't see the economy growing at rate we would all like anytime soon. david: nigel travis, tough when you have a bad quarter like this but dunkin' donuts has habit of coming back. that is a strong, strong brand. nigel travis, dunkin brand chairman and ceo. as you can see by the way, amazon is down 5% after-hours.
4:22 pm
taking it on the chin with its earnings report. liz? liz: i'm all about the coffee and dunkin hundred kins. -- munchkins. linkedin has brand new tricks for your job search that you're not using yet. professional networking site career expert will tell you how to use them in our can you hire me now series. terrible new home numbers today, terrible. housing experts will worry that one particular group of potential buyers is holding back the whole market. we'll look into that coming up. ♪ we never thought we'd be farming wind out here.
4:23 pm
4:26 pm
of some of the day's other headlines, five stories, one minute. u.s. state department global database for processing visas and passports is having performance problems resulting for delays for people awaiting travel documents. european central bank is latest victim of a cyberattack. the bank announced hackers broke into its data bank. the bank says information was stolen for people registered for its events. it is called an apparent blackmail event. mars chocolate maker of snickers and m and ms raising prices by 7%. just last week competitor hershey's announced an 8% price hike. walmart announcing bill simon will step down. he will be replaced by head of asian operations. cost of firefighting is increasing dramatically and and could keep rising asfy fire seasons on the west coast could become longer. the amount spent on fire suppression is up fourfold since
4:27 pm
1985. that is today's "speed read." david. [buzzer] david: we told you a little bit about housing. foundation of housing market seemed shaky. new home sales fell 8.1% in june. this is the weakest level since september of last year. supply of new homes for sale, now at highest level since 2011. liz: may's number was revised lower. could major shift in attitudes towards homeownership in one group in particular be to blame for recent data? rich edson, live in washington. who is it? >> liz and david, specifically attitude among the millennial generation, for those younger than 35, than ever been. since census tracking those figures since 1982. panel hosted by zillow in washington suggested whether homebuilders and others in the industry face a generation of americans less inclined to buy a home. with recent mixed housing market data have investors asking when and those in real estate worry
4:28 pm
if millenials will buy homes at levels of previous generations. analysts questioned whether those in the generation pass on responsibilities of homeownership and have no intention of buying even with the money. white house top economist says more a question of when and slow economy delayed millenial home purchases. >> these data imply it is premature to suggest trend among today's young youth are reflection of a profound change in their preferences or attitudes in the aftermath of the great recession. >> millenials face stagnant inflation and loan costs. housing prices fell dramatically during the market in some recessions they're up significantly over the last generation. recent harvard report points out the millenial generation is largest in u.s. history. they will eventually impact the housing market substantially. just might take some time. back to you.
4:29 pm
liz: mom and dad need to give them money to buy houses. david: mom and dad are housing millenials right now as i tell you from personal experience. thank you, rich. >> thank you, rich. ford bouncing back, beating wall street expectations with a record second quarter in the u.s. we have got four chief financial officer bob shanks what is the auto maker is doing right. more importantly spinning forward, where is it expanding? >> could be one missing tool in the job search tool bet. we'll talk to the best linkedin career expert in the entire world. 300 million people out there are linkedin. how can you stand out in that crude? ♪ [ male announcer ] this is the age of knowing what you're made of.
4:32 pm
why let erectile dysfunction get in your way? talk to your doctor about viagra. ask if your heart is healthy enough for sex. do not take viagra if you take nitrates for chest pain. it may cause an unsafe drop in blood pressure. side effects include headache, flushing, upset stomach, and abnormal vision. to avoid long term injury, seek immediate medical help for an erection lasting more than four hours. stop taking viagra and call your doctor right away if you experience a sudden decrease or loss in vision or hearing. this is the age of taking action. viagra. talk to your doctor. if your doctor decides viagra is right for you, you can fill your prescription at your pharmacy. or, check out viagra home delivery, a convenient place to fill your prescription online and have it shipped at no additional cost straight to your door. viagra home delivery. get started at viagra.com. ♪ ♪
4:33 pm
[ male announcer ] if you can't stand the heat, get off the test track. get the mercedes-benz you've been burning for at the summer event, going on now at your authorized mercedes-benz dealer. but hurry, offers end july 31st. share your summer moments in your mercedes-benz with us. david: time for a look at today's market drivers. the s&p ending at a record high for the second day in a row while the nasdaq and dow ended just a little bit lower. the dow crossed unchanged line about 47 times before finally settling just in the red. utilities and consumer staples were today's top performers. number of americans filing for first-time unemployment benefits dropped to the lowest level in nearly eight years. eight 1/2 in fact. initial jobless claims fell 19,000 to 284,000. new home sales sank 8.1% in june
4:34 pm
after two straight months of increased sales, falling in every region of country, led by 20% declines in the northeast from the previous month. liz? liz: david, it is tough getting a job out there but a linkedin profile could be the secret weapon you need to stand out in your job search. more than 3 million companies currently have registered pages on the site and their hr people are trolling the site for great candidates with capabilities you never knew about, like job seeking mode and linkedin can show employers what they're missing. david: the best linkedin career expert in the entire world, nicole williams, joining us for part four in our can you hire me now? series. three million companies liz talked about. 300 million linkedin profiles. with 300 million profiles. how do you stand out? you mentioned pictures. you are 14 times more likely to
4:35 pm
be picked out if you have a photo in there? >> isn't that crazy. david: how do you make the photo work? >> unless you're, no picture of your dog. unless a pediatrician no picture of your kid. this is your professional brand. this is who you are as a professional. this picture has to be, vivacious, a great smile, color, have some energy. i have seen great photographs. david: costuming? if you're a doctor have a stethoscope? >> exactly. there are great images out there. i saw a chef and his wife using a kitchen as a background. helping employer contextual eyes who you are as a professional. those photographs are important. liz: what should people do to polish up the linkedin profile? people tend to put in the most recent job and think that is enough. there are real actions you can take to grab employer's eyes? >> yes. employers, now, are actually searching for the candidates that they want.
4:36 pm
and they're specifying what kind of skills they want, what kind of talents these people have. you need to make sure you're optimized. you can be found. as many job experience as you have had. you know, your tag line. your headline. you definitely want to use words that employers would be searching for. so, if you're a marketer, if you're a whatever. and beyond that, make it exciting. you know, you've got a summary section. 40 words we know that your profile is more likely to be looked at. you're absolutely right. not just one experience or job that you want to talk about. you want to list a number. because employers may be looking for 10 years experience. you have only got three. david: not everything in our lives is exciting and valuable. let's face it. there are gaps in our profiles. gaps when we're either looking for a job or maybe we're free-lancing. maybe just washing dishes while we have our career paths changing. how do you fill in those gaps that people are going to see in
4:37 pm
your resume' without lying about it? >> sure. lying, not a good idea. david: not a good idea. how do you fill gaps where you're in a paws mode in your career? >> use that summary to help explain that gap. i think too, you can fill this profile with, for example, you can up load, examples of the work that you have done. you want to just overwell them with your talent. we know photographs and examples of your work really do make make a difference. david: one of the gaps traveling in europe, this is a period when i was decided to travel for a while? >> exactly. you wrote an article while you were doing that. you know. this is another huge feature people need to know about is, you as an individual can publish your opinion, relative to your industry, and share that information and, you know, get more profiles for yourself. you want to be like you said differentiated. you need to be a brand. have an opinion. use this opportunity to long
4:38 pm
form content, what you think as a professional. liz: what are some of the biggest mistakes people make in their linkedin profiles so our viewers avoid making those mistakes? >> it is to not fill it out. more than that, not to use linked in to its full potential. beyond having a full and robust profile you need to be connecting with people. you need to be, you know, looking and learning from our influencers. we have over 500 professionals, industry leaders, you included who are sharing great, inspiring, very productive content that they can share and learn from and, i know you're a big -- liz: i have written many influencer column. they're fascinating to read. you can learn so much. connections, linkedin connections sometimes you could have too many. should you jettison many so of them? does that help. >> you want a clean list. in this instance it is much more about the quality of those connections than it is the
4:39 pm
quantity. this isn't a numbers game. i use analogy you could have 1,000 business cards but there are pieces of paper unless you can pick up a phone and actually connect with them on a professional level. liz: good point. >> these should be people that you know and trust. people that reflect you well as a professional. feel free to ignore requests that are coming in when they don't have you know -- liz: a point. >> a point. david: david: you just gave our viewers hundreds of dollars worth of free information. >> my pleasure. thank you for asking. it is great. liz: nicole williams. don't forget to tune in tomorrow, we wrap up with the hire me now series with jobs creation panel. very different industries. what do they look for in a candidate. thank you, nicole. >> my pleasure. david: i love the panels. 3d printing is spreading fast. the market could quadruple next 20 years. -- coming years. we'll tell you how to take
4:40 pm
4:41 pm
it's been that way sincthe day you met. but your erectile dysfunction - it 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 like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take alis if you take nitrates for chest pain, as this may causan unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, seek immiate medical hp
4:42 pm
for an erection lasting more than 4 hours. if you have any sudden decrease or loss in hearing or vision, or if you have any allergic reactions such as rash, hives, swelling of the lips, tongue or throat, or difficulty breathing or swallowing, stop taking cialis and get medical help right away. ask your doctor about cialis for daily use and a 30-tablet free trial. my motheit's delicious. toffee in the world. so now we've turned her toffee into a business. my goal was to take an idea
4:43 pm
and make it happen. i'm janet long and i formed my toffee company through legalzoom. i never really thought i would make money doing what i love. we created legalzoom to help people start their business and launch their dreams. go to legalzoom.com today and make your business dream a reality. at legalzoom.com we put the law on your side. liz: ford shares commanding attention today, as the stock
4:44 pm
reached a three-year high following better-than-expected earnings today. the automaker post ad record quarter in north america. it announced soaring sales in china. how does ford feel about the quarter? i spoke with ford's chief financial officer possible shanks and asked him what word he would use to describe the second quarter? >> the one word i would use is strong. it was a strong quarter for ford. liz: when i think about it, and i look through all the numbers that your north american sales hit a pretax record. what drove that? it was less than three months ago in the last quarter that those exact sales disappointed investors? >> well, we had a record quarter, for record profit for any quarter that you mentioned. it was driven by good cost performance. we also had strong profits coming from our after-sales servic and parts business. so, that combination drove that strong result. we had great margins. 11.6%. north america was clearly a
4:45 pm
standout. the other word i would use if you asked me is the breadth of our performance. we had good news across many parts of our business outside of north america as well. liz: asia-pacific, china, i saw those sales jumping 35%. you're opening all kinds of plants in china. how important is the china picture to ford's future? >> well asia-pacific is important because it is by far the largest individual region of the world in terms of sales in china. within that is the big gorilla. and what we're finding in china is, that our brand and our products, are real resonating with customers. we're seeing strong growth in what we call the tier 2, 3, 4, 5, 6, cities. the quality of our products are great. we're getting good pricing. as you said we have more capacity coming on stream. we have right now, three plants, three additional plants under construction in china. one will open later this year and two next year.
4:46 pm
there is a lot more to come in terms of the china story for ford. liz: you mentioned brett. that certainly includes the sales that you had in europe. you swung to a profit, first time in three years. can we assume, from your experience of, improving picture in europe that the recession is in the rear view mirror when it comes to what is happening in the european nations? >> we're certainly, very, very modest growth in the euro area. our view gdp will probably grow this year sort of in the 1% range. in the u.k., which is an important market for us, we're seeing much stronger growth, 2 1/2 to 3% range. it is no longer declining. at best when one views the euro area you could only call that modest but nonetheless it is improving. we're seeing positive effects in our business. liz: i know that you had a stumble in latin america. but i'm less interested in that. because i think that is endemic of what is going on in latin america.
4:47 pm
there is real weakness, depending which countries you're looking at. >> exactly. liz: shift over to russia. you have a write-down in russia. you have a joint venture there. so much tension globally is stemming out of russia. can you continue to do business there, bob, and are you and ford preparing for more tighter or stringent sanctions? what if the united states administration says out, nobody can do business with russia now? >> we haven't been seriously affected by sanctions announced by both the u.s. and e.u. if something else comes out from either government we'll respond as appropriate but the a the moment, we're moving ahead with our business an working with our partners to find actions that, can improve the business as we go forward, given environment we're in. liz: as we look forward to what might happen in the current quarter, and then certainly the rest of the year of 2014, is this sustainable? i asked that, you have just had a terrific quarter here. but these unforeseen, we call
4:48 pm
them exogenous events, things that happen globally definitely affect what is going on here. with this global tension can you maintain numbers and what appears to be upward trajectory for ford? >> we certainly expect to deliver guidance that we have had out there since the beginning of the year, which is to make a profit of 7 to $8 billion. we're still on track of that. obviously as the year progresses there are both positive surprises and negative events that transpire. that is the nature of our business. we're everywhere in the world. it is a volatile world. we have a great process in place that simply responds to that. and, makes adjustments as appropriate. i think we feel very much on track to our guidance for the year. liz: bob, i'm dying to know. what ford do you drive at home? >> i just got a brand new mkc. that is the new small utility we launched. driving it last two nights. love it. it is great. it is perfect size for me.
4:49 pm
it is solid, quiet. everything you want in a luxury car. i highly recommend it to you when you're thinking about a new product. liz: he doesn't need to drive the ford focus, david. it is number one selling car in the world. david: i think he would rather drive a lincoln. i think he is smart. driving a lincoln is nice to drive. 3d printing have you seen first-hand how it works? we'll take you inside one of the world's largest 3d printing stores and show you printers in action. liz: plus, do you need extra motivation to hit the gym? there is new fitness tracker that s&pes you when you slack off. we have details whether you want them or not when we take you off the deck. ♪
4:51 pm
i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i looked at my options. then i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company.
4:52 pm
like all standardized medicare supplement insurance plans, it helps pick up some of what medicare doesn't pay. and could save you in out-of-pocket medical costs. to me, relationships matter. i've been with my doctor for 12 years. now i know i'll be able to stick with him. [ male announcer ] with these types of plans, you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are no networks, and virtually no referrals needed. so don't wait. call now and request this free decision guide to help you better understand medicare... and which aarp medicare supplement plan might be best for you. there's a wide range to choose from. we love to travel -- and there's so much more to see. so we found a plan that can travel with us. anywhere in the country. [ male announcer ] join the millions of people who have already enrolled in the only medicare supplement insurance plans endorsed by aarp, an organization serving
4:53 pm
the needs of people 50 and over for generations. remember, all medicare supplement insurance plans help cover what medicare doesn't pay. and could save you in out-of-pocket medical costs. call now to request your free decision guide. and learn more about the kinds of plans that will be here for you now -- and down the road. i have a lifetime of experience. so i know how important that is. david: so imagine being able to design our own drone or create a musical instrument by printing it inside of your home. 3d printing store, i-maker is making this revolutionary idea a reality. its first location in the u.s. is giving customers the chance to experience 3d printing first-hand. take a look. ♪ the futuristic concept of 3d
4:54 pm
printing isn't new. it has been around for two decades. up to now it has been out of reach for most consumers. most 3d printers used to cost $500,000. enter i-maker. it is helping the industry go mainstream. >> these are printers people can afford. we focus on printers that work, ready for use out of the box, plug in. they are 1 to $3,000. david: this is the replicate tore fifth generation, features onboard camera, full color, lcd display and wireless control. it can print with nylon, carbon fiber and other supplies sold in imaker's store. all can be molded into high resolution prototypes and complex models. >> people come with their own ideas. there is never two same things. some people are doing their own drones, flying drones like
4:55 pm
copters. some people do shoes, models, toys. david: while 3d printers could disrupt the manufacturing industry it is shops that will change the way consumers adopt the innovative concept. >> initially we had more professional and we still have a lot of professional people, jewelry, architecture, prototypes but more and more mom and dad buying the machine for their kid because they know it will be future, their future and they want them to be inside of it as quickly as possible. david: despite its recent rapid growth it is still considered an industry with enormous growth potential. according to research the size of the 3d market is expected to hit $3.8 billion this year and soar to 16.2 billiondollars by 2018. >> 3d printing will change the world because we'll design our own things without being a designer. just using the system. but for sure it will come a day when we all have one at home. david: imagine having one at
4:56 pm
home? very cool. liz: make your own plastic yellow nomes. david: i want to make a model of. liz: early stages. fitness bands have been front and center of the revolution of wearable technology. one company taking the phrase no gain without pain to an entirely new level. david: if you're wondering why a bunch of geeks got dressed up in some weird costumes, we have got the answer. more of the video. we'll tell you why these nerds are giving the song, "sexy and i know it" a brand new lease on life. ♪ (vo) rush hour around here
4:58 pm
starts at 6:30 a.m. - on the nose. but for me, it starts with the opening bell. and the rush i get, lasts way more than an hour. (announcer) at scottrade, we sharyour passion for trading. that's why we've built powerful technology to alert you to your next opportunity. because at scottrade, our passion is to power yours. liz: let's go off the disk. some of you may remember lmfao's 2011 hit song, "i'm sexy and i know it." it microsoft create ad parody to
4:59 pm
advertise the one note. listen. ♪ he. david: love it. liz: the cover song appropriately dubbed, i click it and i note it. to highlight one note, simplicity and speed for note taking on the surpass pro 3. good for microsoft. david: also "off the desk," there is new fitness band. get this, it literally shocks you if you slack off. pavloc. the wearable device punishes by sending electric jolt through your body. the founders want to encourage you better health, making you meet the fitness goals. we're not pavlov dogs as going to the gym and waking up hour earlier. the wearable fitness band will be released next year for the slackers. liz: no slacking off. we've been asking you on facebook and twitter whether you think facebook earnings prove that fed chair janet yellen was
5:00 pm
perhaps wrong when she talked about social media stocks overvalued or was she dead on? lisa on facebook says, yellen has it right. when the entire market is overvalued, why shouldn't one stock be as well? "the willis report" is next. gerri, you're continuing users guide for advice for saving money on clothes and jewelry, all kind of fun stuff. gerri: you helped, liz. thanks, guys. we consulted hot fox women how they look great without breaking the bank. new home sales plunged. housing recovery stalling. we'll break down what it means for the overall market. also don't pay a penny more than you have to. we'll tell you what never to buy at a drugstore. cosigning a loan is big decision, we'll tell you whether to do it right or if you should do it at all. "the willis report" where we're working for consumers starts now. we begin tonight with breaking news on the
78 Views
IN COLLECTIONS
FOX Business Television Archive Television Archive News Search ServiceUploaded by TV Archive on