tv After the Bell FOX Business August 26, 2014 4:00pm-5:01pm EDT
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enjoyed. that. [closing bell ringing] bells ringing on wall street. s&p looking like we'll close above 2,000 for the very first time. let's look at numbers as we hear the ringing bells. as you can see the dow is up 32 points. s&p 500 up 2 points. we'll settle hopefully above 2,000. russell 2000 up for the year. we're in positive territory, over 1%. that is a good sign, russell 2000 closing up today. "after the bell" starts right now. dierdre: here is today's market action. we have curt cam beer, joining us from centennial capital partners. he is a senior partner, with ways to play the housing market. we have january any capital markets managing director. he will tell us which large cap stocks you should invest in.
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larry shover from the cme we'll start from chicago. what do you make of today's market action. we're referencing intraday highs for the dow, s&p 500. what us does it mean? >> it is exciting. 10 out of last 13 days were positive, once again momentum holds. really hard to believe, deirdre. 3 1/2 weeks ago we were talking about 1850, 1875, as being inevitable for the cash in s&p. since then we rallied on basically uninterrupted to 2,000. markets embrace corporate valuations not being too heavy. earnings growing five 1/2%. the important numbers in the u.s. are very good, ism, gdp, jobless claims. that is with we're seeing come behind us right now. that is exactly why we're trading as high as we are right now. adam: dan, i want to bring you in because i know you're bullish on this market but is the consumer really back?
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if you take transportation out of durable goods orders, durable goods spending fell 8% yet you seem to be bullish. why? >> we're very bullish on the stock market. i don't know that you mentioned we think the consumer is back. i don't think the consumer will come back roaring and lied the markets over the last four or five years. i think they're starting to crawl back. more in the soft lines. there is a lot of good value in the stocks there. i think the stock market is simply function of a stocks bull market. valuations are not really where they are in the past bull market cycles. s&p trading 17, 18 times right now, past bull market cycles that topped out in the high 20s, some cases the low 30s. that tells me relative to other asset classes equities as a whole in the u.s. still have miles to travel to the upside. not to say that over the short run we can't have corrective action, but we're telling clients to use the corrections opportunistically. we're using weakness to buy,
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scale in stocks for the long haul. we think the market is legit here the we think on long-term basis this secular bull market for u.s. equities. dierdre: curt, i want to bring you in. you're also pretty bullish on the market in general. where is the safe place. we're watching s&p 500 close above 2000, key psychological level. is there more upside? if so, where should investors put new money. >> i think so. i agree with dan this will be a long term secular bull market that began in 2009 and we're in the first leg of that long-term bull market. i think we're in the 7th inning of that leg. we have aways to go. that doesn't mean we'll not have a correction and we're overdue. that will create opportunities for people to buy stocks. i think that is driven by demographics. i think the 2020s will be known as the roaring 20s. it will take a while to get there. housing will lead. financials will lead. the biggest demographic group,
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baby baby boomer millenials will start turning 35 in the 2020. they will buy homes and move into the suburbs. we'll be energy independent by then. a great time to be american. adam: curt, i realize you're optimistic about the 2020s, but how about tomorrow? what do i buy if i want to put money to work today and not wait to pay off the student loan debt? >> i would look at stuff, look at valuations. what is looking good on valuations. i like goldman sachs as a great franchise. that is their penalty or ransom to the department of justice pretty soon. they will move forward. adam: protection. >> they're very undervalued. look at kb hopes and d.r. horton. home build that's have good value with great upside potential. dierdre: as far as tech, dan, what is your take on that? >> that to me? >> technology is one of our go-to sectors for the long haul. i think over the short run, some tech names could come in a
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little bit. we want to use weakness to scale in, start overweighting our portfolios. i think technology sector, the broad technology sector will be one of the leaders of next secular cycle. we're focusing more on some large cap names that is have been under the radar. microsoft's coming off of a huge 12, 13-year base. really broke out a couple months ago. microsoft pay as nice dividend. you're paid to wait. evaluations are pretty cheap relative to its peers. i think that has farther to travel. this is more of a thematic type invest, not so much a short term trade. we're looking at equipment-makers, suppliers, broadcom. that is another great name coming out of a huge base. i think there is plenty of upside there. there is plenty of choices in large cap tech in my opinion. if you're longer term investor because i believe that sector will really lead the next cycle or one of the leaders. adam: usually we have on one counter to the bulls but larry, you would agree with these guys,
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you're optimistic, despite the fact you've got europe is weakening and china is wobbly. what is making you so optimistic? into what i'm optimistic about we're leading the pack now, adam. important numbers are what matters are the ism. very strong. gdp number, 4% last time and revision of going from negative 2.9 and positive 2.1 for the first quarter. we're on track to 3, 3 1/2% gdp. that is very good. we're adding 200,000 jobs past six months consecutively. all that is very good but having said i think we're in multiples market. if you look at forward earnings next year, it is being bumped up to $132 for the s&p. that puts us 15 times multiple. that by no stretch of the imagination a stretched valuation, although starting to get a little bit expensive. i still think 2020, to 2050, good year-end target for the s&p 500. dierdre: larry, before we let
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you go, what does all this mean for the bond market? >> what it means for the bond market there is polar opposites going on. our yields deserve to go higher and eventually will especially if the u.s. dollar continues to go up. on the other hand we have the pulling of europe and japan with their rates going down. the bottom line, the rates will rise, but won't rise materially over next two to three months unless things change with quantitative easing easing in europe. adam: dan, wrap this up. we pointed out earlier the russell 2000 is back in positive territory for the year. do you v. any opportunities in maybe smaller cap stocks? >> there is. this year because, interest rate environment was declining, 10-year note yield was declining this year. a lot of investors rotated into larger caps as yields declined, people are pressing into the yield plan. that is what allowed larger caps to outperform on a basis. what happened i think it pushed valuations into smaller cap stocks and really flushed a lot out in those sectors.
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we're starting to see money flows rotate back into the small caps. so there is plenty of opportunity there. quite frankly i expect maybe not 2014-2015 story but in the years ahead we're eventually going to see small caps start to lead the charge once again. i have high hopes for the russell over the long term even though i know it has been lagging for the last several months. typically in bull market cycle you want the engine firing on all cylinders, all market caps, all sectors, want everybody to be participating. doesn't have tock equal at all times. if s&p is making new highs eventually need to see the russell mid-cap 400 or mid-cap 600 break out to new highs. i think they do it next couple months. when they do i think it will be a great big buy signal in the small cap arena, my 401(k) is counting on it. thank you, guys. is all the talk about burger king potential tax savings distracting what could be the
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real reason burger king is buying tim horton's? consumers, we don't eat fast-food burgers the way we used to. we'll talk with ceos of fast-food chains and what is going on in the industry and how fast-food may be dining out and others are cashing in. dierdre: healthy gains for the health care sector this year. outperforming all three major intoday sees. we'll tell you if this rally can continue, and if so how best it can be played. adam: also with millions of americans still out of work we're breaking down the jobs that will see the fastest growth over the next 10 years. [ male announcer ] once, there was a man
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you know, the kind that capitalizes on diversity across the credit spectrum and gets exposure to frontier and emerging markets. if you convert 4-quarter p/e of the s&p 500, its yield is doing a lot better... if you've had to become your own investment expert, maybe it's time for bny mellon, a different kind of wealth manager ...and black swans are unpredictable. dierdre: some investors may be concerned about health care stocks because in the blowup after the biotechs earlier this year, well, you may call into question if health care can continue to perform. but so far up around 14%. the health care select sector etf hitting all-time highs. so we're looking with our next guest, right, with some ideas? adam: that's right. where can you find the best invests in health care sector. joining us with five of his favorite pick, john reese. let's get right into it because
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one caught my eye. you liked bio reference labs. >> yes i do. >> two-part question, why do you pick them, but are you worried about this company, theranos, they're a blood testing business and theranos is kind of breaking that whole model i thought. >> i like bio reference laboratories because they pass investors or strategies of living legendary investors we follow using computerized models. they have had that proven performance and had the performance 10 solid years, missing only one years of earnings. they have establish ad very solid record. it will take many, many years for competitor catch up to dislodge their particular place. adam: there is plenty of time? theranos at their heels. >> it is. dierdre: we'll get back to the picks adam says, this group is up 14%, talking about the health care sector, year-to-date, really knocking cover off the ball when compared to the s&p
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500? >> absolutely condition. can. there has been reaction to investors. basically bailed out of bio stocks earlier this year. there is pall cast over health care because of obamacare. many investors are slowly coming to realize all those prices, those concerns have been baked into the prices of the stocks. and, it is possible they're is still plenty more room to run. dierdre: what about all those whining that nobody even spend on research and development? these are not growth stories. if they have any good ideas because they go out and buy smaller companies and there is no or ban i can growth? >> you're actually talking about some of the big pharmaceutical firms. there is some truth to that, but you will notice many of these i'm talking about today are significantly smaller in size and have very substantial -- dierdre: you will at more better to get your -- adam: go into more of the techs. these are am blah tory surgical centers. >> yes, they are. adam: what exactly are they doing and what makes them
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attractive to you. >> amsurg has 200 medical centers that do outpatient surgery. that is big trend catching on, lower cost many cases to perform operations out of hospitals. that amsugr follows my model, fantastic return of capital in excess of 70%. still very attractive company. dierdre: how do you come across these firms? obviously you do tons of due diligence but what make as company stand out to you? >> what stands out to me when they pass multiple strategy of legendary investors. i take very long term proven strategies and insist they still adhere and pass multiple stocks today. so, it is not just the companies themselves. it is a fact they have established the track record with their fundamentals, their financials, actual performance, how they actually competed with industry. and therefore we have reasonable expectations they continue to do so.
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adam: you go back i imagine, how many quarters back? do you have a set number of quarters to see their performance over those formulas. >> that is good question but depends on the group strategy. one strategy based on warren buffett go back 10 years. many go back three or even five years. dierdre: give us one more pick before we let you go, please. >> one more pick, anaca -- adam: therapeutics. >> that's right. we have a firm that is also specializing in tissue repair, healing. and protection. they're doing well and again picked my growth strategies. dierdre: thank you for sharing your time, your insights. do some research ourselves. great to have you with us. >> thank you. adam: thank you, john. the s&p futures are closing, have closed just moments ago. we'll head back to larry shover in the pits of cme. larry? >> right now seems leak the market responded. good economic data and fed policy where wage growth will be the judge and jury of future
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policy going forward. that said the last couple of days especially today, the market has that toppy, chasing feel to it. i am a bull. i do think the market is going higher, however the best thing that could happen for us to consolidate a little bit. get back to the 1950, 1975 area until we get fresh date that that we'll start to see if the market indeed warrants to go higher. right now volatility is saying so, we do deserve to go higher, but consolidation would be great for the market. adam: all right, larry shover. 1975. i don't know if anybody wants to go back to the '70s. thank you, larry. dierdre: speaking of styles, ann taylor is higher for second day in a row. we'll go back to new york stock exchange, with nicole petallides. two days to charm. >> that's right, deirdre, and adam. it is up 4.% today. this comes on heels of yesterday. yesterday gained six 1/2%, come on. you know that is unusual week for ann taylor. this is because yesterday we
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discussed, today come to fruition, in fact ann taylor now tapping into jpmorgan to weigh in on a possible sale of the company. yesterday here on fox business we reported that the hedge funds that hold about 1% stake, that which include, engine capital and red aulder were pushing for ann taylor to consider selling itself to private equity or a large retailer, saying that they could fetch, 50 to, $55 a share. now in fact ann taylor is working with jpmorgan to explore options and strategic alternatives. you see a big pop. you know who else stand to make a pretty penny on this? well, golden gate capital took nine 1/2% stake in ann taylor, saying it was undervalued this year. we'll see about that story. dierdre: thank you very much, miss nicole, joining us from the floor of the new york stock exchange. talking about big brand, we're focused of course, burger king
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buying canada's tim horton, it is a tax inversion deal. it is controversial. in fact some congressman are boycotting the brand already. we'll get you to d.c. to give you all the details. adam: also is america's love affair with fast-food chains like burger king coming to an end? we'll ask three ceos in the rapidly growing fast casual dining business. dierdre: job-seekers everywhere, pay attention. we are going to tell you where the fastest growing jobs in america are. ♪ she's still the one for you.
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dierdre: time for a quick speed read of some of the day's headlines, five stories one minute. here we go, macy's may open the first store in china. "women's wear daily" reported senior exec flew there to scout out possible locations. amazon bringing same day delivery service to atlanta. of the customers can order as late as midnight seven days a week. items are delivered within hours. russia's safety regulators shutting down fifth mcdonald's, mass unscheduled inspections going on throughout the nation. mercedes ranking number one among u.s. consumers according to brand new research. second year in a row to the top spot. silver medal for subaru. constellation brand pulling clear 12-ounce bottles of corona, sold in six, 12, 18 packs. that is today's "speed read." adam: burger king's decision to buy bakery and coffee chain
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tim horton's -- dierdre: healthy. adam: understatement. national debate and controversy over u.s. corporate tax policy. dierdre: several members of congress issuing statements on the deal. forget that, they're boycotting the brand already. rich edson is with us from d.c. rich congressional outrage, is it going to accomplish anything on the hill except for couple trimmer waistlines? >> well, you know, as far as passing legislation to actually address tax inversions anytime soon, no. lawmakers are leveling serious criticism at burger king and may be inspiring a boycott of the burger children. could congressman chris van hall loan, wonder if it is time to ditch the whopper. senator sherrod brown, ohio democrat, burger king customers should boycott and choose ohio-based wendy's and white castle. responding to criticism, burger king in statement write, close, headquarters will remain in miami where we were founded 60 years ago and business continue as usual around our restaurants around the world. that is true. the burger king brand stays in
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miami. the company that owns burger king is based in canada. unlikely congress will cool its criticism anytime soon. one analyst says democrats are finding this a useful issue for the midterm elections. >> this potentially is a campaign issue for the democrats because burger king is such a visible company. and i think they will hammer away in the senate. they will try to get legislation. but at end. day very unlikely this congress will do anything this year. so it is up to treasury. i think there is a good chance treasury will do something. >> even if treasury does something, regulation discouraging or penalizing tax inversions could take months to finalize that rule and even longer to litigate. back to you. adam: rich, got to ask you a quick question, honestly, mcdonald's fries or burger king fries, which do you prefer? >> go with standard mcdonald's fries, you got one of the two, go with mcdonald's. adam: ginger, mary ann. thinking mcdonald's fries.
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dierdre: rich is a runner. >> fries, milk shakes, bring it on. adam: rich edson, thank you. dierdre: we'll go from fries, doughnuts to wine as you makers in napa valley scrambling to get production back on track. recent earthquake obviously shaking up that business. recent estimates show losses could top one billion dollars. the founder of cameron wines will be our guest. adam: also, could the real reason behind burger king's merger deal have nothing to do with taxes? could it actually just simply be buying growth as sales slip? heads of three restaurant chains tell us what is really going on in the industry.
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the 2014 cla from mercedes-benz. see your authorized dealer for exceptional offers through mercedes-benz financial services. dierdre: here are today's market drivers. stocks pushed higher. merger news, better than forecast economic data helped consumer confidence, a seven-year high. s&p 500 and dow hit intraday highs. s&p 500 by the way closing above 2,000 for the first time ever. energy and health care today's top performers. home prices cooled in june. still up but only 6.2% compared to a year ago. 20 cities in the case-shiller s&p index saw price gains slow. it is the first time that has happened in nearly six 1/2 years. and orders for big ticket manufactured goods soared 22.6% in july. that is a record.
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demand for new aircraft drove most of the increase. adam: talk around burger king acquisition tim horton's focused on company's saving taxes. bigger theme, americans fall out of love with traditional fast-food chains is really at play here perhaps. look at mcdonald's, their sales were down 3.2%. one area grow something fast casual. their sales jumped 11% in 2013. what is the future of casual dining industry? joining us three ceos. wing zone and phil drive field of captain d's. gentlemen, thank you all for being here. not only myself but the crew enjoyed meals at your restaurants throughout. i want to start, go first with matt, wing zone, your chicken wings, you're not burgers. but there is all kind of thing at play here. burger king is perhaps one not saving on taxes. they have to build their base.
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people are not eating burgers the way they used to, right? >> correct. poultry consumption in the u.s. is up. beef prices, pork prices have been at record highs. so we're in a great position at wing zone with poultry prices being stable. we've always played in the fast casual segment, even through our 20 year history. >> your sales are up 8% this, summer sales at least. highest in five years, up 8%. part of this as you point out, consumers want variety, right? >> yeah. you know, we've got a great menu, 17 different unique flavors. i think all of our menu items can be flavor fused. everything from our fresh hand breaded tenders to our amazing buffalo wings. and, we also have a delivery component which accounts for 40% of our sales. so we're bringing it to people's homes as well as them coming into the restaurant. adam: this is a friendly day, checkers and rally also has chicken wings.
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rick silva joins us, i want to point out, part of your crew brought wonderful food for our viewers to take a look at. one of the things you noticed, what is it, 75% of americans eat fast casual at some point. is that during the year, during the month, during the week? >> fast casual is growing absolutely but actually the bigger story here i think is that fast-food is not going away. i think what you're seeing is, fast casual growing but growing really at expense of casual dining and sit-down restaurants. people are coming out of that segment into fast casual. fast-food is absolutely still incredibly relevant. i give you my results. you quoted mcdonald's results. at checkers and rally's, we had positive comp sales for 14 last 15 quarters. we're having amazing year. we're growing faster tan than he ever before. we have 40 or 50 new restaurants. we have 20 franchisees this year.
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we added 80 new franchisees. our category is very, very big. 70% of all restaurant occasions were fast-food occasions. adam: get the shot of one of these bacon burgers that you got. people in northeast ohio, called beechwood, kosher. i don't tell anyone when i eat it outside. this looks appetizing. when i say americans are not eating hamburgers the way they used to, that is not a fact or is? >> when you look at the quick service restaurant industry, all of fast-food, talking about 70% of all restaurant visits but there is real good reason for us. for example, at checker's and rally's we focus on what consumers want. they want pretty simple. they want convenience. drive through the restaurant and pick up food in three minutes and freshly prepared. just the way we make it. every order is prepared fresh. they want absolute value, not just in economic times are tough. they need to make sure they're getting great deal. checkers and rally you have
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amazing value the best way to get value any which way you want. finally looking at end of the day is great tasting food. adam: sure. >> the food quality across quick service is phenomenal but give you example at checkers today we've got for example, right now we have sticks, the kind of product you only get at sit-down restaurant. we have wings, phenomenal quality food. adam: i want to move to another player in all of this, that would be phil greifeld from captain d's. you're expanding. going into florida next. if you want fish, don't want the burger or chicken wings, you want unique battered fish, you're going to captain d's, right? >> yeah. absolutely. we're expanding on multiple front. we have been enjoying record sales for past three years. in 2012 we set, in history of captain d's an all-time sales record. our comps were up 9% in 2013. we again, set an all-time franchise and companywide sales
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increase of 4%. so when we look at our business, it is important in the industry to look on comps on 2-year basis. on two-year basis our same-store sales have been up 13%. clearly at forefront of the industry. on top of that in 2014, we're enjoying same success and we're up 3% year-to-date. our sales are accelerating in the second half of the year. we attribute that for multitude of factors, but we feel we have unmatched, price value equation in the industry and we continue to go on a more and more market share from our qsr competitors. earlier point you mentioned, in terms of new unit growth, given success we've been having with our top line, we have franchisees that want to cross-pollinate with captain d's from other franchise systems. just in the past four or five months alone we have secured franchise deals with franchisees
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from 10 other restaurant brands. so we are aggressively growing on multiple fronts, both our same-store sales and new unit development. adam: so wait, i will pose this question to each of you very quickly, why do we pay attention, when we talk about fast-food, two huge players, burger king and mcdonald's, when feeding families of four for a little bit more, much more affordable going to what would be traditional restaurant experience? let me start with you, rick. we go to phil and matt to wrap it up. >> i think big brands are ones that garner some of the attention but reality is, as you already heard we have very successful businesses out there. checkers and rally's, i'll tell you there is no shortage of selling burgers. we're selling burgers like they're hotcakes like we never sold them before. the point we're focused on consumers. we're focused on working class americans. they need great value and great products and we sell them at checker's and rally's and people
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know where to come. we're differentiated between burger king, wendy's mcdonald's. you hear a lot about them. we bring great food to our customers at checkers and rally's. >> similar to what matt said. at captain d's we different points of differentiation. we have no one doing what we adopt we have different price value competition. that is not function of price we offer but value we provide the guest in terms of customization, our classic hand battered dip fish. the new grilled menu items. new kids meal where we partner with "the amazing spider-man." so we have a compelling value proposition, the unique brand position unlike anybody in the qsr space and allow us to garner more and more market share of continued success for captain d's. adam: matt, super bowl is months away but already thinking chicken wings. let's wrap this up.
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>> thursday night starts college football. we're in prime time selling season. our folk is in the restaurants and growing our franchisees business. we don't get caught up too much into the big boys. we have a lost good things going on domestically an internationally and that's where the money is made right now. so, yeah they're going to steal the headlines. i mean they always do but as these gentlemen have said we've got three great brand here growing fast. adam: all right. matt, rick, phil, you feed america and i know a lot of people appreciate it. thank you very much. continued success to all of your restaurant chains and team of employees. deirdre? >> thank you very much. dierdre: we'll stay on a related theme here because in napa valley $13 billion wine industry suffering from a case of bottle shock. the earthquake of course rocked that region recently. we'll have the founder of cameron hughes wine with us next. he will give us his take on the
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damage. also, malaysia airlines just can't catch a break. two terrible tragedies. now it is feeling more pain. this time financial? we'll bring you the details when we come back. thank you daddy for defending our country. thank you for your sacrifice and thank you for your bravery. thank you colonel. thank you daddy. military families are uniquely thankful for many things, the legacy of usaa auto insurance can be one of them. if you're a current or former military member or their family, get an auto insurance quote and see why 92% of our members plan to stay for life.
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flyers. the company is offering deep discounts. for example, round-trip flight between kuala lumpur and beijing going for $238. similar flight on other carriers costs more than 500 bucks. looks like the efforts may not be enough however. this is photograph on twitter of a family on a malaysia airlines flight sitting in a nearly empty plane. one person on twitter posted this photo showing no check-in lines just hour 1/2 before their flight. and this is, picture from australia, flight, rather from australia to asia earlier this month. again, completely empty. now earlier this month malaysia's state investment company announced overhaul of carrier. still waiting details of that. deirdre. dierdre: adam, damage from the biggest earthquake to hit napa in 25 years could top a billion dollars, the region's 13 billion-dollar wine industry will be affected. with a little bit more on how producers will in fact be affected, we bring in cameron
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hues. he is founder of cameron hughes wine. cameron glad to have you with us. what do you think is going to happen to your business and to other ones in the region? >> thanks for having me on, deirdre. i think by and large the industry dodged a bullet. i know that we definitely had small amount of damage, definitely some toppled barrels. and then you know, the largest part of the damage, mostly structural to, really, commercial personal property and business property in napa havely. there were definitely some damaged properties. the biggest part of the damage is toppled barrels and folks are still digging those out. you see terrible pictures of just collapsed, you know, piles of barrels and, in large part those are usually, look worse than they are. you could drill them and drain them still and get the wine back
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out of those barrels and still build, but there are definitely some folks that are going to be highly impacted by this unfortunately. our hearts to out to those folks, cameron, good to have you here. adam shapiro, thanks for joining us. you can recover what is already in the barrels. you pointed out to us and others the harvest is underway and this will not have too much of an impact but will there be impact on creation of next vintage of wine whether buildings in which this takes place are damaged or the facilities are damaged? >> in large part what we saw damaged were barrel facilities and there are only a few actual winery structures that were damaged. and, crush and fermentation actually takes place in different places in the winery. for the most part, crush is still going full force in napa for 2014. we're going to have incredible vintage like we had for 12 and 13. i anticipate that we'll have fantastic high quality, tons of great wine, and again, for the most part, most folks are moving
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on. business as usual in napa valley. the wineries are open. napa valley is ready for business in large part. dierdre: we know the governor declared a state of emergency. i'm just curious about the tourism industry because not just the wines. all the people who go out to just soak up literally that beautiful region. how are you seeing roads and infrastructure, just from your first person point of view? >> there's a minor problem heading into the valley right now. they're looking at, on highway 29 the bridge that got about two lanes going in either direction, usually four. so there is a bit of a backup there. i suspect they will have that, just an inspection. they hope to have it closed and moving passive by 6:00 p.m. tonight. other than that napa valley, sonoma valley, everybody is open for business. adam: cameron, quickly, do you think people who buy wines next year or two will see increase in
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price because of earthquake or the price will be affected by other issues not the earthquake. >> price will be driven by demand. we have plenty of wine in bottle from 2012, in barrel from '13. sure there were losses but '14 will come in big as well. i think there will be plenty of supply and again driven by the amazing quality of the '12s, '13s, and '14s the what action like three amazing vintages in a row. dierdre: good luck to you. cameron hughes joining us from napa valley you. >> bet. adam: as football season approach as lot of fans get excited about their favorite teams. but one nfl team has been named the least desirable franchise to play. could it, to play for. could it be your team? stay tuned to find out. dierdre: consumer confidence comes roaring back, if the latest survey is to be believed. it hit a seven-high. we'll talk about discretionary spending when we come back. our colleague jeff flock is
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estimated employment will gee 15 million in the next decade. 24/7 wall street crunched numbers and identified fast text growing jobs in america. number five you have interpreters and translators. greater diversity in the u.s., will help the profession grow 46% estimated over next decade. next mechanical installations workers. bls anticipates growth of over 47%. number of home health aides expected to rise. more than 48% in the next decade. number two, personal care aides help care for the elderly in their home. grows by 49%. fastest growing job, industrial organizational psychologist. bls estimate this is profession will see a rise of 53% over the next 10 years. you got to reallily be ambitious and patient to have all kind of skillsets to figure out mentality of most
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corporationings, don't you? adam: that would be accurate. figure out the durable goods order. it was huge and break them down. dierdre: airplanes. adam: durable goods surged 22% in july to the record, best month on record. so what were some of the hot ticket items consumers were buying? dierdre: jeff flock joining us now, from the beautiful lake again navy have wisconsin. jeff, you're taking a hard look at economic defrom that boat but it is indicator. >> it is indicator. this is $150,000 cobalt. >> cobalt boat, top of the line. >> 150 grand. >> correct. >> lureyou're seeing demand solid. >> cobalt and mercedes on the water. they appreciate the quality. they drive high-end cars or have high-end homes they appreciate the quality of a cobalt. >> look at durables overall, obviously it was a great one. transportation is obviously a big part of that.
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how do you feel about that as a trend. >> overall with the boating dealerships and seas as well. >> gotcha. if i look for example, aircraft orders big. we can't expect that to continue. can we expect boat sales to be reasonably strong. >> i think so. we see that as trend going forward. and people have investing in quality of life-style with the cobalt. >> okay. adam: jeff, i think we're having trouble with your microphone there. but that is all right. you're having more fun on the boat than talking about durable goods. dierdre: that's right. adam: good to see people going to buy big-ticket items for fun. dierdre: certainly is. that shot, i will switch place with us, jeff flock when the audio comes back. send him a little e-mail anyway. when we come back, high fashion meeting cutting-edge tech at the u.s. open. how connected shirts, that's right, could change the face of sports forever. adam: also as the new nfl season gets ready to kick off, players are sounded off about the least
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adam: being tested with at u.s. open. buy technology allows them to monitor heart rate, stress levels and breathing. fox business asked ralph lauren's, what we can expect from the company after the debut of this technology? >> the -- embedded in clothing might be used for all kind of products. use in jackets and dress shirts
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and know what the baby is dealing because we can read it through baby's clothes. adam: the company says polo tech should be available in the first half of next year. >> "off the desk," oakland raiders are least dire team to play for in the nfl. according to new league wide survey. nfl players would play for only if salaries were doubled. oakland raiders topped the least desirable list. follow by everybody crying here, buffalo bills, cleveland browns and jacksonville jaguars and then, the green bay packers. the raiders for the record have endured 11 consecutive non-winning seasons. they last reached the postseason in 2002. the nfl regular season kicks off next thursday. we'll see, adam, if the team can change its luck. adam: and we'll have the chicken wings. >> just drown your soros, you know. adam: "willis report" is next. gerri, you look at consumer angle of the burger king
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purchase of tim horton's. >> thank you for that. we hit the streets to talk to new yorkers about burger king moving to canada. and the response was shock. one woman told me, it is the american whopper. also coming on today's show, the battle over e-cigarettes, the world health organization now take as stance. do e-cigs help people quit or are they simply a gateway drug. america moving toward a self-service. i'm taking a test drive on one walmart devices but walmart put the brakes on and i'll tell you why. united airlines flight forced to make a stop because of gadget called the knee bender. this is the willries report where consumers are our business starts right now. we begin with burger king, first the obama administration is driving businesses out of business, think about coal. now the white house is driving businesses out of the country. today
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