tv After the Bell FOX Business July 30, 2014 4:00pm-5:01pm EDT
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[closing bell ringing]. >> 2.55% right now. david: all right. bells are ringing. >> they are. as we listen and let it all stew and settle -- david: look at that. it is positive. >> just about flat. trying to hold on to gains. plus these trades coming in the last couple of seconds may make this settle slightly below. we don't know. we'll be watching it. let you know final tally. russell saw gain of nearly 5:00%. nasdaq was shining point up about 20. "after the bell" with a lost ceos and big names starts right now. david: big day today, big day on gdp numbers. big day for the fed.et right tos market action. we have david richmond, richmond brothers founder. he will tell us which stocks will get a bump in the second half of the year. rob frost, frost and frost
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wealth comanager. todd horowitz, it is wednesday, it must be todd at the cme. todd, the market was down until traders heard you were going to be on. that is when things turned around. as we know, you being the bear, you always come on when the market is up. what is going on? the fed, by the way, saying pretty much business as usual, right? >> hi, liz, hi dave. i'm getting arctic enemy ma from the market. i knew it would be higher. i said it was down. it was rally before i get on, i can't come on wednesday without the market up. david: that's right. >> the fed identified maybe there is a problem with inflation. they identified a problem with house and identified a problem with jobs. the one problem we can't get rid of, the reason market goes higher, they're still willing to print the cheap money. you or i ran a business like the fed and administration, runs the
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government or fed, we would be in a jail and bankrupt. that's what they're doing. cheap money leads to higher equity price. until that changes that will way it will go. i'm certainly not participating myself. liz: todd, you will join me in the tough mudder competition with the arctic emema. david: count me out. no arctic enemy ma for asman. you have to be a tough mudder to stick with the markets. you're a believer here. what keeps you going and at what point do you reserve a little part of your brain to say there may be correction, i have to be careful here? >> well, i mean one thing you can say about this rally, it continued now five years yet nobody believes it. the economy continues to strengthen, to todd's point all the things that he mentioned are not new. the jobs picture has been slowly coming back for a long time. all of the things that he said
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that he is bearish about, we all know about. i think that is why the market has shrugged those things off. the market continues i think right now to focus on fundamentals. i will say right now what keeps me awake at night worrying when we actually do have a pullback everybody has been calling for, whether or not investors will be prepared for that. i very investors have short-term memory when it comes to market corrections and market run-ups. my fear, once we have the pullback, investors aren't going to be ready for it and there might be knee-jerk reaction in the market. david: clearly there will be. there always are but question is how many will be caught unawares. david, i would like to focus on something that did extremely well today and has been beaten down and that is biotech. you're a big fan of biotech. aren't you worried since it had its ups and downs over the past year, are you worried we'll head for another downturn. >> i don't think biotech across the board will do that but small companies that have catalysts
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for specific earnings growth could be really, really good for the next six to 12 months. david: by the way we're looking right now as i-shares, general ibb fund that looks at all biotech. you would go out of there to go into specifickings to e talks like my medx group and exact sciences. let's put those up. go ahead. >> correct, we go into small companies with catalyst for change. mymedx blowout quarter. revenues growing 100% year-over-year. exact sciences expects their test to be approve with the fda within 30 to 45 days. there are very specific reasons why we think earnings can grow in the next 12 months. why revenues can grow and -- liz: i have to interrupt you, i'm so sorry, we're getting whole foods. it's a beat on the bottom line. it is a match on the revenue. coming in at 41 cents per share versus expectation of 39 cents.
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revenue $3.4 billion. remember it was last quarter that whole foods struggled just a bit. this time it appears they found their footing once again. we're just looking at the stock right now which is trending lower by about 3 to 4% depending on the second you're looking at it. again, whole foods which had some movement here, does have volume in the after-market session moving along here. there is trading. but the close of this price was $39.11. the bid right now, now 36.55. david: yeah. liz: there are things, david, that are spooking the horses here. david: it is taking a beating. it is down 6 1/2%, trending down towards 7% to the downside after-hours. remember again this stock was down 21% in just the last three months, particularly as nicole was talking earlier, as competition has come in. they did announce a 1 billion-dollar buyback plan which usually helps a stock. in this case it hasn't. some of the numbers spooking the market, we're going to get into those details. but now we're seeing it go down
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below 8% after-hours. this is a big miss after-hours. i want to go back to todd for a second. what is spooking the market about whole foods? it is generally a well-run company but it must be that competition they're getting from other retailers that are selling whole food-like products, correct? >> of course. i think that is correct. also, don't forget a lot higher costs of goods. the profit margins narrowed a little bit, take a deeper into the balance sheet. but other thing is, it has been up the last couple days. only now coming back down to its most recent 52-week low. i would be a buyer of whole foods down here. i think is a really well-run company and it will overcome all the information. right now high, food costs, especially for them. they're more plus added competition is not a great mix. i think they are so good they can come out of it. liz: david, we had interrupted you, i'm so sorry about that. i want to get your thought. whole foods the stock has lost about 35% of its value this
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year. whole foods being number two worst performer on zap? this is a great company. so do you a' 6 agree with todd, buying opportunity as it pulls back even more? >> well would depends what their guidance is. the reason the stock lost 23.5% since the last 90 days, they slashed guidance. so is this quarter just meeting the lower expected guidance? so i would need to see what guidance is for the rest of the year and into next year. liz: sales growth, 9.6%, to 9.9%. there is some guidance. we also have -- david: let me get in here because we have kraft numbers. they are reporting now that they have an 80-cent eps revenue of 4.75. it appears however as we're looking at stock action after-hours. nothing is happening. producers, can you tell if there has been a halt put on this stock after-hours trading? i believe there has been because it is a miss on both the top and bottom line? no. just happening that actually the bid after-hours is exactly where
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it closed. we should mention though, by the way, whole food is still down 7% after-hours. so todd, i'm going to come back to you for a second here. kraft, holding its own, even though there was a business on the bottom and top line. why? >> well you know, don't forget they were under pressure last four or five days. the stock has been under pressure. down about 4 or 5%, down from 61 to 57. i think it is natural they expected this they're having same problem as whole foods. high cost ever goods. hard to raise prices as fast as you keep up with inflation what you have to pay for goods. we see what happens in the food markets between grains and livestock. it becomes an issue. they anticipated this. i don't expect to see much pressure. kraft is another one i look to be buyer here. liz: david richmond, i find it fascinating now adays kraft breaks out organic food sales which trended higher 1.5%. this from a company that makes velveeta, hello. regardless where do you stand on these two names?
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i know you're more into biotechs at the moment but any consumer interest for you? >> we don't have an interest in either of the two names but i can tell you whole foods on 23.5% pullback we would be interested acquiring though. kraft we would be a little gun-shy at these prices. david: gentlemen, thank you very much. david richmond, todd frost. todd we'll come back to you when the s&p futures close in just a moment thanks, guys. liz: reynolds american stock lightings up the competition with rising profits, a better than expected outlook an massive game changing buyout of the competition. lorillard. we're talking to the ceo, susan cameron. it is a fox business exclusive. she is only talking to us about not just earnings, david, but about the decision haded -- handed down by a florida jury, billions in punitive damages. david: i always want to cough when i see their name. greatest risk from the fed is keeping rates too long for too long? our next guest says there is much bigger threat from the
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policies could be major source of financial instability. who is saying that? sheila bair, former fdic chairwoman. what is it that has her spooked about the fed. not what you might think. she is coming up. liz: coal stocks have been anything but hot this year. look at this, many falling 20% or more? one strategist says forget the numbers and proposed regulations. now is actually the time to buy. it is a tough case to make. he is going to make it. david: tell us what you think about the federal reserve board. is the fed hurting or helping our economy? simple question. tweet us, @fbnatb. your answers straight ahead. [ male announcer ] once, there was a man
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david: online review site yelp reporting second-quarter earnings a moment ago. liz: this is interesting mover lately. let's head back to nicole petallides on floor of new york stock exchange. >> yelp wag doing well on the soaring of a hours beating on top and bottom line. look at numbers specifically here. you can see earnings per share, right now, came in, latest quarter at 4 cents. that is easily surpassed analyst estimates. loss of three cents. the revenue numbers,8.8 million, surpassing analyst estimates of 88.2 million. not only did they have earnings
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surprise, revenue surprise. they are also raising 2014 view for revenue. that is very interesting here. we're taking a look at that. they see revenue for full year 2014 up about 60%. they're also talking about seeing outlook as well. the local revenue growth increased 69% in the latest quarter. so that is really interesting. really did well across the board. this will be one to watch in tomorrow's trading. not sure everybody expected such a great pop. we see it up several dollars right now. liz: cooking, nicole, more than a million shares traded after the closing bell. more than a million. that is unusual. we're watching that as it moves higher. thank you, nicole. david: a lot of action after-hours, a lot of federal reserve was not talking about today, exactly how they plan to shrink the massive $4.4 trillion portfolio. in fact the portfolio is so large the fed hats been
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experimenting with some new instruments, some which may be causing problems of their own. at the same time we appear today, no closer to moving interest rates back to his tore cal norms, even as other other economic indicators seem moving closer to normal. keeping traders guessing and up at night. you're next guest is busy looking for answers. we welcome former fdic chairwoman, sheila bair. thanks for coming in. still no concrete plan how to shrink the fed's huge portfolio. does that concern you? >> i think it is going to be a challenge for them. overall i'm glad they're thinking about how to get back to a more normal interest rate environment and that includes somehow dealing with this massive portfolio they have amassed but i think they need to be very careful. i hope they look at conventional tools they have to raise interest rates before they start for raying into potentially new facilities. i think it creates potential instability. david: this may sound like
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simplistic question and it is but the answer is anything but sim policetic. how will they eventually raise rates? it is not like oil days when they literally raised rates. now there may be new mechanisms to do that. explain. >> traditionally they have done it through the open market operations which basically means they sell treasurys to get what they call the overnight fed fund rate up. whether they can do that, given the massive excess reserves that banks already have, with the if, remains to be seen. david: let me spell that out by the way. i think it is correct me if i'm wrong, i believe 2.2 trillion in excess reserves banks have now? >> that's right. david: a lot of people would say, that's a good thing for banks to have all these reserves. that means we won't get into another debt crisis but not necessarily, right? >> well it certainly adds to their liquidity but also reduces their need to borrow from each other. you haven't had much overnight
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lending which, militates against using the fed fund rate which is the traditional tool for to raise interest rates. new tool they have, that congress gave them, authorized them to use is to pay interest on reserves. they are doing that now. banks who have money on deposit with the fed get 25 basis points of interest. that is somewhat creates a floor, under interest rates, that at least the banks are going to lend to because if they park their money at fed in a super safe place for 25 basis points, they will not lend it out for less than 25 basis points. so raising that, interest payment on their excess reserves could raise the floor under which the banks themselves will lend. david: right. >> which should have some fairly significant impact on interest rates overall. david: i was mentioning new facilities, new instruments. one of those is called the reverse repurchase facility. frankly, a lot of people's eyes glass over when you say that phrase. >> yeah.
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david: as simply as possible explain what it is. >> so this is a new facility that the fed itself created, not congress. that is one of my concerns. and basically you have the fed being a borrower as opposed to a lender. so we're all used the fed being lender of last resort. here they're being a borrower. they have expanded, dealing, traditionally they only do business with banks. they only allow banks themselves to deposit money with they. this new facility essentially a way for other types of non-regulated financial institutions like money market fund, gses, fannie mae, freddie mac, they can put their money into this facility on an overnight basis, get a little interest rate. it is rock solid. basically free insurance program for them. so the theory behind it, is a good one, we'll pay them a little interest and they park their money with us. this is lower. between .01 and .05 basis
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points. lower than the 25 banks are getting. so in theory, if they can use this facility, they can raise that rate too to control some of these shadow institutions at what rate they would finance other activities. david: okay. >> really dramatic expansion of the safety net and i basically think it is putting the fed in a situation competing with others who need to access the short-term debt markets like commercial paper issuers. david: sorry. that is quite all right. you put your finger on the point, it is expansion of the safety net. >> it is a big expansion of safety net. david: that is one of the things i thought we were getting out of. >> we should be shrinking it, not expanding it. i think these are very well-intentioned. the fed is massive force in the markets today, if they're going to be lender, the borrower, going to be buying securities, pretty soon you disintermediate the market. it comes about the fed and not private risk-taking and private decisions how to allocate
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capital that is a problem. david: let's get back to risk-taking. sheila bair, former fdic chairwoman. great to see you. thanks for coming in. >> you bet. liz: david, i wish she were back running show. reynolds american wants to reshape the entire tobacco industry and the company's doing it with its $27 billion deal to buy lorillard. can it fend off critics among shareholders, lorillard shareholders specifically but also regulators who might stand in the way of this deal? reynolds american ceo susan cameron will tell us how she will exclusively do that. also you might think it is time to dump coal stocks given regulatory heat coming out of washington. but we have a guest that says it could be a great buying opportunity. find out why he thinks so. stay tuned. ♪
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because everyone deserves a great night's sleep. know better sleep with sleep number. liz: time for a quick speed read of the day's other headlines. five stories, one minute. first up, apple tv will tell provide television content channel. apple tv will be in direct competition with the region's pay tv companies. ford ditching blackberry for iphones for corporate use. the iphone giant will move 3300 employees to iphones by end of the year. additional 6,000 employees over the next two years. no more blackberry there. virgin atlantic will stop flying over iraq. the airline says the decision is due to safety concerns in that region. iraqi government fighting militants that have taken over large areas of northern iraq. sprint will let subscribers buy wireless plan that only
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connects to facebook. under the prepaid mobile service costs about $12 a month. >> fbi is looking to move headquarters from downtown washington to suburban campus. it plans to consolidate 11,000 personnel from 20 locations around the region. that is today's "speed read." maybe it will save money. [buzzer] expensive inside the beltway. david: with worries about coming regulation, coal stocks are burning out this year with names like alpha national resources down 50%. around coach down 32. peabody is down 20%. -- arch coal. liz: our next guest is making contrarian call as he is wont to do. jc pa rates. eagle bay capital found irand. are you nuts? these names are beaten down and battered and they don't have a lot of friend around. you're saying time to go in. >> liz they have been beaten down for years. we've been in decline for three years in the coal stocks while
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s&p 500 is making all-time highs. for relative strength standpoint everyone hates it. sellside community hates it. what you said right now, proves that point, the reason they hate it. liz: if i invest ad year ago i would have lost money. why is now the time? >> that's why we weren't making the call a year ago. we look at market from top down perspective. downtrend behave in similar way. three impulses moves to the downside, two corrective moves to the upside. that was come meted. david: you are a chart man and it is charts that turn you on and these, the coal stocks, particularly what is it, charts that got your attention. you say these are beautiful things. tell us why. >> kol, coal exchange traded fund, basket of coal stocks, names you said were hated. this is five-way move to the downside. at this point with double-bottom i think now is time to buy for the upside s starred decline, i
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think it is ready to move higher. next chart you see it closer, you can start to see it on this chart already, if we move over, here we go. here is the double-bottom i'm talking about. a lot of time when you see the support it is very well-defined. if you look at momentum, on recent lows has started to pick up. that is what we call bullish divergence. we love that particularly with bearish sentiment liz was mentioning. david: what does that oops mean. >> this is cliffs natural resources, one of the most hated names by sellside community. sentiment is terrible. one of the coal stocks. what we like to see on double-bottoms on coal we were seeing, when it undercuts the previous low that is what causes short squeezes that unwind. what we saw, it's a brief low. everybody sees it and that is the oops. that is when you get the squeeze. liz: do you often see triple bottoms in stocks? knew know where i grew up triple bottoms don't really exist. they are very, very rare. if you get that third low, in all likelihood it will probably break. that is the level we want to watch on the clf i love it.
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out of 24 analysts that cover clf, 4 have buy recommendation. 35 are short. if you do math how many shares traded on daily basis. you have five million shares. with that amount of short interest it will take 10 days to cover all the shorts. david: 35% of the entire stock float is shored. that is significant. >> that sergeant saily right. david: this shows some of the details that are interesting. what about fundamentals? i know you're a chart guy. you doesn't care much more fundamentals but as liz was saying before we have new epa rules. it is epa rules really killed the coal stocks to begin with. we have a whole new series of epa rules coming out that might affect coal stocks. doesn't that concern you? >> that is what sellside community is looking at. they have done the research. none of thieves guys like the coal names. i do. as they start going up, you start see analysts changing their mind. in my opinion the reason they are hated, reason sellside
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community doesn't have buy recommendations is because what you guys are talking about of as it starts to unwind i have a funny feeling you will start getting buy recommendation. liz: warren buffett would like the way you think. not necessarily on coal but going in when everybody is running away. >> that's right. david: j.c. paretz, thank you very much. liz: it is one of the largest and most complicated tobacco industry mergers ever, combining reynolds american with lorillard in a $27 billion deal. the architect of this megamerger which involves a whole bunch of other companies too, reynolds american ceo susan cameron, umdaunted, gutsy, talking about that and regulatory challenges's well, also, f5 networks, off to a strong start up this year. up 27%. slate of new products and grow demand for security systems for computers help boost sales. the man calling shots inside the network equipment giant, ceo is
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government bonds that could be affected. the growing number of mutual funds have also been on those bonds. the funds can only get a fraction of their investments back. highland capital management mobile allocation fund is the highest concentration of these bonds among all mutual fund that it holds come about $96 million. goldman sachs emerging market also has a large stake. about 35.5 million. the debt fund has about 33.6 million in government bonds and so we will see how that works out to be one a transaction worth $27 million, this is not a a simple linkup between the number two and number three tobacco companies. in an effort to appeal to regulators in advance of all the common they have put together quite a plan. reynolds has bought into other
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big tobacco players coming british-american and imperial tobacco. i spoke exclusively with the ceo, susan cameron, about this deal and the positives of the company saw in a boost of the earnings outlook. >> our brands, pall mall comic camel, they are all growing. and we are so pleased with that progress and we also incorporated in that changing guidance and we are bending pretty impressive investments and so we believe that this is a game changing product and we are very confident in that rollout and we continue to see great progress in the test market. now that we are through the happier we are very proud of those results and we are confident that the growth of five to 8% will be met this year
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liz: the earnings would absolutely take the lead here, but i've immediately went to something bigger. they have rarely written such a crest of dignity slaves and let me start with this acquisition, combining the number two and number three tobacco companies in a 27 billion-dollar deal. right off the bat i have to ask what is in it for shareholders as he worked really this tobacco behemoth? >> i think that the greatest thing about the deal is saying something a little bit boring that happens to be true is that this is old win-win situation because he saw that there are four different tobacco companies involved in these transactions, which i believe this is actually one of the most complicated transaction certainly of its size that has ever been done in the united states in any industry. but what's in it for shareholders, i think that everyone will benefit because when i think about this, the
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strategic value of this deal into the portfolio, this will portfolio with at balanced and national footprint in the industry and it will help to make us a stronger number two company. >> i need to get to the part where this has benefited. the acquirers target for shareholders and now there's a lawsuit filed at least one analyst at wells fargo says $60 and 88 cents per share, kind of surprising because she saw shares of $72 or more. can you justify the price that you are offering? >> i think to be fair, you need to talk to lorillard because they made the decision on the offer.
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if you look at the pre-speculation with a lot of rumor in the press, as you know, about something going on in the in the tree particularly between them, it's a 40% premium on this. so i would think that's a great deal for the shareholders. liz: the deal is sure to be scrutinized by regulators. what makes you think that they would say yes to a deal even with a the investiture that would allow you to control such a huge percentage of u.s. tobacco market and what has to be the selling point beyond british american tobacco having this and we have other companies that will participate to . >> i think it's important to recognize that the industry leader has over 50% share in the market. so we will become a stronger number two. within this transaction reynolds american would end up with more like 33 shares in imperial tobacco would have about 10 shares. and then there are also a number
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of other smaller players in the market. so i'm confident that when regulators look at this package but they will be confident that imperial is a very competitive force in the u.s. market and that the transaction will be approved in the first half. liz: the other a stunning piece of massive news that works its way into your story is the a verdict in florida where a jury awarded $23.6 billion to the widow of a chain smoker that died. these are punitive damages and the jury said that he was negligent and half of the people said this is a good courageous award and other say this was outrageous. i don't smoke, i don't like it, but for me i grew up believing that people have to be responsible for their own actions and this amount of money is almost equal to the amount that you are paying for lorillard. where do you stand on this? you are obviously appealing this
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decision. >> certainly we are, we believe it is actually not permissible under florida or constitutional law and actually we believe that the court should and well set this verdict aside. we filed the papers and we expect that the judge would rule with something like this in two to four weeks and certainly we will appeal. liz: as for the merger, is there a breakup? meaning that if the regulators don't allow it or one side decides to back out, not in the traditional sense as to whether reynolds american would break out. it involves all of the pieces in this is a fascinating development in tobacco land. it's a fascinating business story every way you look at it. >> its growing it's going overseas, no doubt about it. and this network equipment company is adding new products to boost its business. they have made sure that your
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david: from banking to the very last purchase that you meet online, there's one application that you use all the time. services are keeping your privacy secure and deliver information to you very fast. liz: networking company f-5 networks. what is driving demand for its products? would you believe linking up with former competitors? joining us now on exclusive, the ceo of f-5 networks. welcome back to the show because we love to watch the progress. he started to come on and talk about the network. what did it for you this time. >> thank you for having me. yes, we were really pleased and globally every major region saw significant growth with the
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exception of japan. europe was really strong and asia pacific with strong what we are doing is delivering applications across the internet and making it secure and fast and making a highly available. it could be a mobile device or the data center and we are really in a good spot in terms of technology and trends. >> competition is intense and there's a lot of competitors. how do you stand apart in a crowded field? >> we have a leader in the market and we have all talked about the market share here. we have the most revenues. so from this active when you look at this, we put a lot more on this.
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liz: you hook up with one of your former competitors and that is cisco. to work with that partnership, let's just be a little bit clearer on what some of your products through, direct data traffic to specific servers at a time when there is so much hacking and things are just not secure out there. what do you offer? would you offer to potential customers and no one does out there? >> we have a range of portfolio solutions and securities. but the biggest that we have is an application focus. we understand and we know if we are running microsoft exchange or other applications are online banking, the products protect them at the endpoint with a
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mobile device and the data center as well. and we can also protect them in the private or public. so mainly it's the biggest difference in this way speak to you saw f-5 networks through the boom and the bust of the.com era. i believe these darted in july of 2000, which is just about that time that it almost went bust. do you see any similarities at all between what's happening now and what was happening back then remap. >> no, i don't. especially in technology. if you look at technology companies, the balance sheets are fantastic and you don't have, i mean,.com companies at the time frankly didn't have much money apart from what they were raising with revenues and profit. 90% of the business is clearly spectacular.
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>> that is good. a lot to boast about. thank you so much and we appreciate you coming on. >> thank you. liz: more than a dozen members of congress calling off time warner cable to end the dispute that has kept the dodger fans from watching games on tv. we have the latest from washington dc coming up. david: also a bidding war for the buffalo bills under way. one offer could move the nfl franchise out of the united states entirely. what is up with that? we will tell you coming up next. . . 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
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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: time warner cable and the l.a. dodgers channel, getting involved calling on time warner cable to find a way to end the standoff. what is the latest which comes in the middle of baseball season? david: the key is how the fans watch their teams on tv. rich edson has the latest. reporter: that's right, the first-place los angeles doctors
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are having a solid season on the field. the "l.a. times" reporting that 70% of the market has no access to the tv channels and sports net l.a. and time warner cable owns these distribution rights and others say that they are asking too much to carry the channel and now they are getting involved in washington dc. so with that several area lawmakers are writing to the stakeholders and releasing their letters to the press, urging them to strike a deal and broadcast the games while they're negotiating. in a letter, the chairman rights that i am troubled by a negative impact that your apparent actions are having on consumers and the overall video marketplace. as wrongly or do you two and the impact that are depriving los angeles consumers of being able to watch their baseball team. and the fcc considering the proposed merger of time warner and comcast, that perhaps there's no worse time.
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he even added in his letter that matters of such vertical integration are of a timely concern and in response the spokesperson said that we hold the chairman is making similar inquiries of other ellie tv distributors to determine their actions and rational for determining to carry sports net los angeles that was offered with other regional sports netwk forward to a productive discussion. they add that they are willing to enter into arbitration. liz: thank you so much. david: attends an obvious small cities in america. who topped the list? could it be your city? liz: and jon bon jovi could throw his hat into the ring to buy a franchise. why is that? we will tell you more about it coming up next
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we never thought we'd be farming wind out here. it's not just building jobs here, it's helping our community. siemens location here has just received a major order of wind turbines. it puts a huge smile on my face. cause i'm like, 'this is what we do.' the fact that iowa is leading the way in wind energy, i'm so proud, like, it's just amazing.
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but they have to use special care in keeping the denture clean. dentures are very different to real teeth. they're about 10 times softer and may have surface pores where bacteria can multiply. polident is designed to clean dentures daily. its unique micro-clean formula kills 99.99% of odor causing bacteria and helps dissolve stains, cleaning in a better way than brushing with toothpaste. that's why i recommend using polident. [ male announcer ] polident. cleaner, fresher, brighter every day.
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>> it's time to go off the desk. enjoy the finer things in life. take a look at movado's ranking of the snobbiest small cities of america. turn up your nose on all this. top three, brookline, massachusetts, the city is home to one of the oldest country clubs in the world. what says snobbery more than that? the feds say meryl outside of the beltway, more than 83% of the population has at least a college degree. and finally the number one snobbiest city in the world, palo alto, california. know it is a playground for the technologically savvy, this city is classy and exclusive, average home price is -- average, more than a million bucks. >> what is the future of the buffalo bills?
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first round bidding began yesterday and resulted in one billion dollar bid for a pennsylvania fracking mogul. rocker jon bon jovi expected to join the bidding race but lost with the proposal to move the team to canada's largest city, toronto. yesterday at this time, i told that you this weekend, i'll be on a team, team fox business competing in the new york city triathlon to help raise custom homes for severely disabled troops returning from iraq and afghanistan. guess what? right after that, the needle on our donation thermometer on building homes for heroes.org ticked up by $750. can we do it more? you will never regret it if you donate. helping build homes for vets like sergeant aaron hale, blinded and brutally wounded while neutralizing a roadside bomb. we were able to present him and
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his family a custom mortgage free home for he, his wife kelly and four children to live in. help build more of these. we'll build gorgeous homes thanks to you. >> good cause. "the willis report" is next, gerri is discussing a recall that should be happening but isn't happening? gerri: that's right, liz and dave. thanks for that, consumer reports calling on toyota to recall camry hybrid. taking calories to a whole new level at we look at some of the most calorie laden meals across the country. the economy seems to be bouncing back but are your finances following suit? and why some of the medications you buy your pets could make them feel worse not better. "the willis report," where consumers are our business, starts right now. we begin tonight with a demand for the toyota recall. consumer reports urging toyota to recall more
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