tv After the Bell FOX Business August 27, 2014 4:00pm-5:01pm EDT
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sometimes the correlations are a little nutty. dierdre: there are the bells. adam: bells ringing loud and clear on wall street. look how stocks are finishing. the dow right now, up 14 points. we'll settle in the green. s&p 500, however, it is looking if we're not going to be above 2,000. the russell 2000, for that matter is down two points. still positive for the year but just barely. aft the bell starts right now. dierdre: here is a break down of today's action. chuck self, i sectors chief investment officer. will tell us why he thinks u.s. equities have room to run. we can't wait to hear. jim bell, schaeffer's's research equity analyst. two picks for you to add to your portfolio. todd horowitz joining us from the pits of the cme. todd, what do you think? after yesterday's 2,000 close, a little bit more to go or not?
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>> hi, deirdre, adam. this week is really doesn't count. probably close somewhere around 2,000. i wouldn't be surprised to see us 5 or 10 points of 2000. skelton crew. most traders are gone already. action is way down. volume is down 40 or 50%. the overall action this week is not important. going long term, i don't think we have a lot of room to run. certainly we could go higher from here. there is a lot of news indicating a lot of problems out there we're still ticking down the road. think eventually and possibly september, october they will come to roost, we'll start to see much awaited correction we've been looking for. adam: chuck what do you think of that? we had a guest on last ten minutes, we'll see pullback maybe 2 to 5%. do you see that pullback coming? or do you see, katy-bar-the-door, we're still going up? >> well, as far as intermediate term is concerned, we certainly believe you should be in stocks and things should be bullish. but in september, it is
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treacherous month historically. given through second-quarter earnings announcements, any geopolitical concerns or concerns that interest rates will be raised by the fed relatively soon will potentially have a short-term correction. i agree with the guest, that it is probably won't be 10% correction but more of a 2 to 5% correction. dierdre: joe, i know you think we'll continue a lot like what we're looking at right now. steady along the unchanged line for the next few months. you say there are few opportunities. what are they? >> certainly. if you're looking for opportunities i think going down to three to six months the financial space is one incredibly strong. we talk about the second-quarter earnings season. they were the only sector within the s&p 500 was expecting a negative growth rate on. >> per share. and they had that lowered expectations that didn't take much. there were 72% of the companies that beat on that. we've seen all of sudden, xlf, etf, breaking out to new
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all-time highs. a little short term perhaps overextended but specific stocks within that sector. charles schwab and wells fargo two names i like. strong price action, a lot of negative sentiment. they have a ways to go. adam: jo, keeping on with some of your picks, with regards to bond, do you prefer corporate bond? i thought anyone trying to make money in treasurys would be making at least analysts telling us, stay away from that. what are you saying? >> yeah. i think bonds still have aways to go. talk to analysts and economists into 2014, the general consensus that rates were going to go lower and, that just, i'm sorry that rates were going to go higher in 2014 and exactly opposite has happened. good example how the masses believe one way sometimes it pays to go to the opposite. i believe that trend remains in place especially relating to the european bonds. economics and economies over there having much more trouble than the united states economist. yet their rates are still lower than u.s. bond. on a relative basis i still
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think rates have ways to go on the downside and bonds continue their uptrend. dierdre: we think about fixed cost, chuck, i want to bring you back in here, what does that mean as far as investing in so-called safe haven, perceived safe haven sectors? utilities is one that comes to mind? >> well, utilities, certainly have been a great performer this year but we think that utilities have runway past the earnings prospects. there has been search for yield from investors and we would much prefer financial, energy and health care securities and in our quantitative easing work, those are the sectors that are coming up on top. adam: so, chuck, where would you put your investors right now? any specific picks? >> yeah, adam, the health care sector we think is a great investment right now. we have the confluence of the cyclical aspects so if the
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market slows down, health care earnings tend to do well. we have the secular aspects that more people than ever are getting health care. so it is helping drug stocks. insurance company stocks and hospital stocks, all across the board and of course we have all the consolidation work that is going on in that sector. so, we are, in our postmodern portfolio theory allocations we are utilizing the i-shares, u.s. health care etf, it has broad exposure, low expense ratio and has 1.4 yield. we also think that, because of all consolidation that is going on, investors should look at merger fund. we're using that in our liquid alternatives allocation. for 25 years the merger fund has been buying the announced companies that have are being acquired and selling short the acquiring companies. and so its had a little bit of
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volatility and a little correlation. adam: i want to bring todd into this. todd, you think we're in a bubble and you think the bubble will pop, don't you? who will kind up with -- wind up with gums on your faces. >> late money always ends up with gunk on their face. at the end of the day the middle class has not participated in this entire rally. they have through their 401(k)s and ire as, that goes in automatically. as margie said before the break, if you're investing and can't afford to lose, you can hold on through the good and bad. i look for much deeper correction than two to 5%. i look for 15, to 20 or over. you see the chase for yield throughout the globe. we're buying stocks globally. everybody is looking for the magic bullet we'll get more yields and trying to find growth. right now china is buying u.s. treasurys like they're going out of style because they want to keep the control on the yuan to keep the dollar lower to
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continue export. of the chinese banks with hidden cities will have problem. one of the changes in the armor break down, you could see major selling around the world. something will be very ugly everything i'm seeing here. lack of growth and production in this country. even though jobs are increasing. it is not right kind of jobs and we're still not producing enough good in this country to make it that strong in my opinion. dierdre: todd, thank you very ouldn'ting us there. we'll check back in with you in a few minutes time. meantime chuck and joe, thank you for your ideas and contributions. >> thank you. adam: we should point out, we settled, s&p had another record. we settled positive again above 2,000. higher slightly. fractional. dierdre: new record. that always worth reporting out. adam: new record. a-plus as opposed to a. one of the most successful video game franchises in history, madden nfl. the man who created and founded
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one of the biggest game-makers electronic arts. we have him next. dierdre: from the box office to the corner office. the company for jessica alba just raised $70 million. going public may not that be far off. one of the investors behind the funding has a proven track record with other startups. he is our leader as well. adam: you will love this. investing in classic cars. it has been soaring and great return for people with big bucks. you can get in for a little bit. we're not talking about multimillion-dollar cars for the uber rich. we're talking about old corvette or mustang in the garage. we tell you how to get into this market. we want to hear from you by the way. what is your dream classic car? tweet us @fbnatb. fox business "after the bell." your answers are coming up. ♪ [ male announcer ] once, there was a man
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ask your doctor about cialis for daily use thank ythank you for defendiyour 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. shares of best buy seeing big gains today. dierdre: we'll get you back to nicole petallides. she is on the floor of the new york stock exchange. nicole, we know the new record for the s&p 500. what else is going on? >> when you take a look at best buy, that was the best performer in the s&p 500 today. what's interesting, yesterday, it was the worst performer. so this is wall street for you, right? yesterday, the worst performer.
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they talked about fewer people, customer traffic was dwindling. people were shopping online. was promotional environment. stock was down nearly 7% yesterday. today however, up 6.3%. that is best performer because analysts at reilly said listen they gave very conservative outlook for the holiday season. seems that reilly and other analysts believe the holiday season won't be a as promotional as best buy things. there will be marketing and new products. they seem more positive about best buy than best buy is itself. it bounced back and recouped almost all the losses of yesterday. it has been a wild stock. last year in 30 they are it, gained 236%. after three years of losses and last year was a real whopper. we'll watch what it does going into the who say day season as well. back to you. dierdre: thanks very much, nicole. from new york to chicago, we'll
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get you back to the cme. todd horowitz with us again, s&p futures getting ready to close. a new record, todd. >> a new record. they should close probably somewhat. futures will be down a little lower. again the next two days, could be very volatile either way. they could go up, down 10 points. the whole thing, will be as hours tick buy, trading gets slower and thinness in the market shows by major swings. end of the day we wait until after labor day to see where we want to go. the markets are totally taking a nap and getting ready to go for the labor day holiday? >> makes all the sense in the world. todd, thank you very much. >> thank you. adam: new nfl season kicks off. but for at love football fans, season came early. release of electronic arts nfl '15 from madden. they expect to rake in 350 million bucks from the new became in the franchise. dierdre: for nowmore how the new
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game stands up to previous madden nfl games and how the industry is changing we have trip hawkins. founder of ea and creator of the madden franchise. if you can, trip, glad to have you with us. thanks so much for being here, this new version what is the best, coolest, new thing about it? >> you know i think the most remarkable change in madden over the years is just verse sim milltude, realism. it is looking good to the point you can hardly tell the difference between television and madden game. dierdre: you see players tattoos it now, right, trip. >> that is amazing. that was one of the goals of ea sports to make it realistic as possible down to the last detail. adam: trip, adam grew up with the old plastic a tartary kind of stuff where the little light would move through the football field -- atari. that was about as tech it got.
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this is amazing. what are the ad-on features important for raising money and creating revenue? >> we've kind of shifted into online and mobile world. and all these kid today, they're growing up digital natives. they will have access to tablets and smartphones and social media. and that is really how you want to reach them. you want to make things free to the extent that you can, so more people get a chance to find out about it and try it out. that is the way to maximize the audience and create digital environment spread, that is more modern form of internet. once you have the customers engaged you like to offer them some premium features, some premium content, some do dads that enhand their players in game like madden that allow you to get advantages and have more resources to work with. you try to get people to pay some money for that. dierdre: so, trip, how important is it to connect the digital
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community? i mean we just saw amazon pay close to billiondollars for twitch. twitch, as you don't know, you basically sy-e sit around and watch how other people play tapes. that was the final deal, if you weren't sure how big gaming is, that is your proof, almost a about dollars board. how is ea handling that, how do you see things as creator of madden game? >> i think that we all enjoy media that we grow up with, sports that we grow up with. i grew up with football and baseball. those are still my favorite sports. a lot of kids today grew up with video games. not really a surprise they're fascinated with competition and performance in video games. they're happy to watch great players play against each other. they also spend a lot of time on youtube watching walk through videos demonstrating showing what you can do in these games. obviously a huge amount of conversation and, social connections that go on amongst these new customers that have
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grown up with the new medium of videogames. adam: very quick question. could it be possible, maybe what is new will be old again? could there be a day when tv networks, or at least those with traditional broadcast and cable distribution are going to be showing people who play those games the way with twitch? have you been approached yet to negotiate some kind of deal for that at ea? >> there is no question that is start to happen. they're already some very big competitions with prize money. there are some websites that allow to you play specific games for cash prizes. there is no reason why this isn't going to become a major professional sport. you've got an audience in the billions. adam: right. >> there are over a billion people that play games. so for sure, obviously i think when you get the elite level of competition where players are true masters, it is going to earn a tv audience. adam: so we have just opened up a pandora's box for investors who may want to get in on something like this. have you been approached? are you willing to let us know,
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fox sports, espn, abc, any of the networks, espn the ocho have they approach ad deal to bring this to traditional television? >> i'm aware of and familiar with some smaller, more entrepreneurial companies involved in the space like skills.com. since i no longer work at electronic arts, obviously other people at ea would be contacted by the networks about something like that. obviously no announcements hasn't been made. so it hasn't happened yet but would see every reason to believe in a few years it will. dierdre: i want to ask you, trip, before we let you go, if you can, we know that is the project you're working on and this has very much communal and almost pro bono feel about it. why did you start it, what are your goals? >> funny all of us grew up playing ea sports games i'm making something now really for my children. this is a chance for all of you that have children to do something that can really help them. we all want our kids to be
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content and to thrive. we want them to perform academically and to succeed. there are certain skills that have to do with what is become known as social and emotional learning that improve academic performance, improve functioning and allow people to have better relationships and honestly be more successful in life. these are the kind of skills you used to learn from your tribal elders and from your parents as you up. in the modern world we don't do that the honestly best way to reach kids through learn something game on mobile device. that is what we built. called, if, emotional i.q. game. adam: looks more fun than candyland for the kids. dierdre: thank you. >> these are skills that adults need. i learned a lot from making this gail and playing the game and pretty much anybody of any age would have a good time with it. dierdre: it is now the modern version of interaction. that is how young people do it. trip hawkins, thank you so much for joining us. glad to have you with us here on closing bell.
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stocks are higher. you have a new record for the s&p 500. we'll tell you the best plays out in our four which four series. we'll give you for predictions. adam: classic cars are a heck of a lot more fun than stock certificate. that one you're looking at went for 26 million bucks. a much better return for a lot of investors. but you don't need millions. ceo of insurer for classic cars, telling us how much the car in your garage might actually be worth. dierdre: speaking of cars, sorry about that, i got distracted by that beautiful video. uber transforming the taxi industry. now testing a new service called uber fresh. we'll tell you all about it straight ahead. ♪
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adam: shares of williams sonoma falling after earnings. this is after the company's outlook missed estimates. they predict q3 earnings per share of 58 to 453 cents, versus the street estimate of 66 cents. keep an eye on that one. dierdre: time for a speed read. five stories, one minute. french court placing imf chief christine la guard under formal investigation. at question, her role in a political fraud case. she says the alleged intelligence inquiry without merit. she is appealing. hewlett-packard recalling six million power cords. they were distributed with hewlett-packard and compact notebooks and mini notebooks and may be a fire hazard.
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china is considering massive government program to build charging stations for electric vehicles with as much as $16 billion in funding. uber offering a meal differently -- delivery service for a limited time. uber fresh in santa monica and available for next nine days. lending club, $500 million is the preliminary fund-raising target. the peer-to-peer target will rank one of the 10 biggest market debuts of a internet company. that is today's "speed read." adam: let's put you behind the wheel of a car. the elegance, brought in record sales numbers. it sparked a lot of buzz. how can you jump into the booming classic car market? who better to ask the ceo of the largest insurer classic cars, mckeel hag earthty. he joins us right now. -- haggerty.
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we have you, older than 13 in the photo, aren't you? >> this is 14 or 15. adam: you bought a 67 porsche 911. >> i bought the car and looking up worth about $300,000. not bad. that is good investment. adam: should have been a 901. >> that is whole other store. >> '65, a lot of people want to get into this hobby but you don't have to hundreds of thousands or thousands upon thousands. get in for less money than you might think. for instance? >> absolutely. this is the 50th anniversary of the mustang. great example. adam: 64 1/2. we actually have the chart. pull up a 64 1/2 mustang. what would this car, say, in drivable condition, maybe a few dings, most of the original equipment? >> can buy one of these cars $15,000. drivable, good car. you can get them a little bit less, original condition car. they average about 26, between
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22 and 26,000. adam: they're up about what, in value 30% since 2006? >> they have been absolutely spiking. it has been a great testament to the fact that ford has been investing in their own heritage. they built a ton of mustangs from 64 to 66. almost million 1/2 cars. adam: some say it is a falcon with different -- >> they are a little rough early on. adam: chevy was not going to be put off by ford. so they introduced the camaro. '67 camaro, hard top coupe. what would you get the car for. the value was up since it peaked in 08, it has fallen a little bit. >> recession hurt camaros smaller than other cars. they're back up, $37,000 to buy a nice coupe. they have a lot of power and a lot of great looks. the best thing about the camaro, appeals to younger audience. people look at vintage cars, think this is old man sport. it is not a old person sport. younger guys love camaros. adam: another '60s car, '68
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chevrolet corvette coupe, since 2006, down 17%. last couple years it started to go up. when we show these values, we're showing the car that would be the top collector car. you can get in much cheaper than 43 grand, can't you? >> absolutely. average for '68 was a new model run, c-3 corvette. the average for these is $32,000. you can buy them much less. good looking car, tons of performance. one of the most collected cars in the u.s. adam: you have to be careful with the c-30s, with the corvettes that '68 up until 73 will have metal bumpers. but they go to all plastic all around the car, yes? >> yes, this is the model year or model line, in the mid '70s some didn't find as appealing a great looking cars and great heritage of the corvette is great, great brand. most collected cars in the u.s. adam: if you happen to inherit quite a bit of money next couple years, her said, they are going 300 sl is now 2 million bucks.
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can get a 190 for couple hundred thousands dollars. 68 to '72? >> yes. adam: these guys are going for what? >> rising tides raising all ships. gull wings, can be two million dollars. the 280 sl, they're $58,000 on average. wonderfully built cars. not a sport car. it is sporty grand tourerring car kind of thing. just fantastic looks. lots of quality. it's a great, for somebody more interested in european car, as a starter collectible, 280sl is great way to go. adam: i wish we could spend rest of the hour. have fun looking at cars. all the best to go. haggerty valuation. look up the price of any car, any year that you would be interested in. deirdre? dierdre: adam, actress jessica alba's newest movie may not be hitting records at the box office but her startup is rocking. the honest company features
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organic baby products. they just raised $70 million. going public may be part of her plan. one of her investors will join us. if you're not sure where stocks are headed you are not alone. a market expert will be here next to get her predictions for the second half of the year. if you're looking for a steady source of income in your portfolio, companies that have raised their dividends for 20 straight years or more are on a short list. we have it. we're back in a few minutes. ♪
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dierdre: we told you about this earlier but "the wall street journal" was reporting that jpmorgan chase may have been hacked. fox business reached out to the fbi for comment. just wanted to let you know the fbi said no comment. we will obviously keep you up-to-date as soon as we know anything else. meantime just reaffirming, the fbi, no comment on that potential jpm hack. meantime we'll continue our four for four series. four predictions for the last four months of the year. today we're looking at equity markets. major indices, new highs. what should investors expect for the rest of the year? adam: we want to bring in carol pepper. pepper international ceo. she has been looking into her crystal ball and has four predictions for all of us and quick way to profit from them. very quickly, one of your
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predictions are coming to fruition. less world volatility. cease-fire holding in gaza and israel. >> that's right. i think rest of the year we'll see international concerns lessening. israel and gaza holding cease-fire. putin will make a deal with ukraine to get become into the international bond markets. right now he can't do anything. i think the world will calm down. and i think we'll go to syria and strike isil and that will lessen international tensions that. has been holding market back. once that happens, market can continue to rise toward the end of the year. dierdre: you talk about con into rise, we just reported, s&p 500 over 2000. >> yep. dierdre: where will the strongest parts of market in your view? >> sectors that will stronger than s&p and continue to outperform. we're looking at real estate. we're looking at technology. we're looking at health care as three examples that will do well
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but on tin to outperform. adam: you also like reits and like simon properties. >> i like simon properties. i think they have done a tremendous job. they struck a deal with the ibeacon technology and you can be in the mall an interact with you on the phone and instantly send you deals while you're right there. adam: malls are not dead? >> malls are not dead. they do the best job of anyone. dierdre: real estate, simon properties, malls, what about when rates go higher? i think the fed telegraphed pretty clearly rates will not zoom up. it will not be fast or extreme. but more than likely cost of borrowing will increase. normally that is a headwind. >> it's a headwind. i think it will happen very gradually but probably not end of 2015. rest of this year i think we're safe. when we get to the second half of the 2015 we'll start taking hard look what will happen. adam: we've been hearing a lot today, different analysts guests on the program, talk about health care being sector we want to be in. even with health care costs, cbo
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out with astronomical increases what we pay for health care despite attempts to control that. why is that a good play? >> you have long-term secular trend. baby boomers are aging. they need health care. more people are many coulding into the whether you love or hate obamacare you have more people coming into the health care system who will be using the system by obamacare. so, you've got these long-term secular trend. you have got tremendous advances new drugs and technologies through things like biotech. so it is going to continue to be more expensive drugs, better treatments, they're going to be things like, 3d printing for example, johnson & johnson, 3d printing human tissue cells so they don't have to do animal testing to test new drugs. there are technologies coming out to bring tests to the market more quickly. i think health care will be here to stay. dierdre: health care is here to stay. technology is clearly here to stay. i think there is even a lot of overlap. i know even one startup where basically it is like open table except for doctors appointments.
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you don't really have to wait and get a message and go if you can go. where do you see strongest parts of technology? you mentioned that as a third sector. >> i still love apple as an example. i think apple will come out with fantastic products this fall. the larger tablets will increase into the business sector. iwatch will be great with kids and bigger iphones finally so you can see what is on the screen. dierdre: carol, thank you so much. lots of good ideas there. carol pepper joining us. we'll take a very quick break. when we come back another big name, a lot more for the hollywood superstar miss jessica alba than blitz and glamour. she is a savvy entrepreneur as well. we'll speak to the investor who has just helped her company raise another $70 million. adam: also apple could finally jump into the smart watch business. when can we expect the announcement? september. details, i will tell you, actually jo ling will tell you the date coming up. ♪
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corporation, boasts a 2.3% dividend yield and increased its dividend for 27 consecutive years. genuine auto parts managed to survive the recession as more consumers opted to repair old cars rather than buy a new one. the car parts company has dividend yield 2.6% and they have increased dividend for 58 years in a row. water company aqua america serves 23 million and made acquisitions since last year. aqua america raising that dividend for 23 consecutive years. largest land drilling contractor in the u.s., helmrich & payne, round out the list and 22% dividend yield it increased for 42 consecutive years. -- 2.8%. >> jessica alba eco-friendly raisedoducts company, honest $70 million. if you were watching "after the bell" earlier this year it may be no surprise to
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you that the company may have plans to go public of the "wall street journal's" lee hawkins was here. here is what he told us. >> is the company going public at some point? >> i do, yeah. i mean i think that's not out of the question in couple of years. >> not out of the question. you heard it right there from miss alba's mouth. we are joined right now by the president or principal rather at institutional venture partners. one of the investors who helped raise the $70 million. eric, thanks so much for being with us. >> thank you for having me. dierdre: we heard jessica say longer term, going public not out of the question. obviously the company has to grow a little bit more first. what do you think the money will be used for, this 70 million that you personally helped invest? >> well, we've been investors in the company for all of its financing round. the one thing that they have done is continue to expand the product line. we got started with diapers and five other products. now we have over 50. so i think we'll continue to
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build new products that our customers want and demand and probably also see the company expand internationally as well. because i think the demand for healthier, safer products is not just american phenomenon but a global one. dierdre: seems a global one. the china seems to be a pretty big play and pretty big focal point for international expansion. is that where you're starting? >> i think you will see that early on the list of places to go. but i think we want to take baby steps, no pun intended and given the size of that market we want to make sure we get it right before we jump into the pool with both feet so to speak. dierdre: eric, for people that don't know the company well, i actually spoke with jessica about it. i interviewed her at one point. she talked about how she used detergent for one of her children and made her skin break out. she realized there were a lot of products that claim to be baby friendly or eco-friendly, personal care products stain remover, that did promote skin reaction. she started with this very personal vision.
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she is pretty unique, isn't she, the kind of crossroad between hollywood and tech. >> oh, absolutely. she is truly amazing individual. frankly i don't know how she does it juggling enentertainment career an being mom of two beautiful daughters and so actively involved in our company here. we're lucky to get her involvement to our investors employees and rest of the team. she is truly inspirational. dierdre: eric, some other investments your firm has made are linked if you want to see it that way. care.com is first one that comes to mind. there are a few other ones. i'm looking at kayak, i have the tear sheet. living social, dropbox, drop cam. how do you you see your portfolio, how do you see the honest company sitting into that? >> what you find in our portfolio the way we look at making new investments we want to make sure we back a great management team and company they're building is producing products and services that their consumers and customers really want. you see that in the case of the honest company and case of drop
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cam and many others, these fantastic entrepreneurs so creative are coming up with ways to make people's lives better. it is impressive. the best part of my job. dierdre: looking at list of retailers, bricks and mortar retailers where people can get these products. it is pretty far-reaching. target, nordstrom, whole foods, costco, bye-bye baby. how much of the sales is meant to be driven by bricks and mortar, how much is meant to be driven by e-commerce? >> today and we expect it to be this way for a long time, the vast majority of our sales come through online channels. when the founder set out to start this company, particularly jessica with first experience as a mom, sometimes you run out of diapers at 2:00 in the morning or may not be a store open nearby or one you can get to when your child needs something immediately. having products delivered to straight to 6 to your home for honest company makes mom's lives easier. we found they enjoy that. they also asked to buy our
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products at retail. we heard our customers and in those channels as well. dierdre: eric, number one surprise to you, you find all kind of companies, say in the past three years. what is really even, for professional as yourself surprises you about investing in startups? >> i think what you find, the pace of innovation seems to get faster and faster all the time. you have a lot of different new technologies shifts that are enabling that. i think mobile was something that people talked about for a long time. even in the first technology bubble if you want to call it that, that being a bubble, but now, you know, mobile is permeated every aspect of your life. hard to think of the days when we didn't have ourselves tethered to the ipads and other smartphones. those computing changes have an impact. it works for things like honest company and transact and refill your orders through your phone. dierdre: eric, thanks very much for the time. glad to have you with us. >> thanks very much. dierdre: adam?
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adam: we've already got the ipad air and ipad mini. apple may be getting ready to unveil what people are calling ipad max. will it reverse the tech giant's shrinking market share in the tablet market? everything is bigger in texas, even beer packaging. one brewery taking supersizing to entirely new level. bottoms-up coming up. ♪ you're driving along,
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adam: apple ipad sales are losing steam. understand, right? the company is still charging ahead yet with ipad expected out next year. with rival samsung looking to unveil new devices as well, could apple be able to win back lost ground? dierdre: that ace big question. jo ling kent has the answer. she is with us now. so what do you think, jo? this is rally one-on-one race, right? apple versus samsung. >> that's the thing. apple's ipad sales actually declined like we said about 9%. but tim cook the ceo is saying that actually isn't such a big deal. this is what he told recode here. i call what is going on a speed bump and i see that in every category. this larger ipad could be strategy for them to collaborate
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with the new partnership with ibm. would come out in early gift fifth. that is something to watch -- exist fifth. the decline -- 2015 people less likely to replace tablets on a very quick basis. show you ipad quarterly sales. $5.9 billion. that is equivalent to the revenue in the last quarter of tesla, linkedin, facebook, twitter, groupon, yahoo!. dierdre: those are great stats, actually. >> that is fascinating, right? adam: what about this? we keep waiting for apple to innovate. rumors about iwatch might get pretty soon. aren't they late to the game? there are a couple of them on market. >> that happened with the tablet as well. it wasn't until tim cook got in there with the ipad people started to buy a tablet. we see them learning from mistakes with samsung. reports say it will be september 9th as well which will end up being a very big day. we're waiting for two iphones as well. dierdre: two iphones.
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we hear these leaks. you don't know which are true, which are not true. but this idea of a big screen, that seems to be one thing that keeps many doing up. >> they tried the mini. i have. enjoy using that. larger size is probably aimed more at corporate and education set which is that partnership with ibm tim cook recently announced some that is something where they could make a lot of money doing that. it just doesn't mean people going into stores people buying ipads. could be a straight of different people at different structural levels. adam: would you wear the wearable watch, dot iwatch? >> i would. this is pretty new. maybe wear it on this hand. dierdre: style still counts. adam: jo, thank you very much. >> thanks, guys. dierdre: when we come back, forget about 12 packs of beer. how about a 999-pack? it is no joke -- 99-pack. we'll bring you details. adam: looking for something to put all the beer in the next barbecue? perhaps you need the coolest cooler of them all by king of
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adam: let's go "off the desk." if you're starting to prepare for the labor day weekend festivities, listen up, austin beer works, texas based brewery, made it a lot easier. ultimate party accessory, a pack of beer with 99 cans of signature brew, peacemaker. the 99 cans come in one seven-foot long box, weigh in 8 it pound. -- 82-pound. brewer released 20 of the of the 99-packs. they will release more because of high demand. each case costs you 99 bucks. >> if you're looking for somewhere to put the 99 beers, the coolest of cooler is on
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kickstarter. offers a modern update to the classic cooler. includes bluetooth speakers, battery powered blender, usb charger. the cooler knocks the pebble smart watch off as the most funded kickstarter campaign of all time. so if you want to know the details, the keeler has raised more than $10 million, with a support of almost 49,000 backers. the kickstarter campaign end friday. those who pledged at least $165 will get one of the coolers. deliveries are expected to start in february of next year. i don't know how they came up with 165. fairly random. at least 99 for 99. adam: we asked you on facebook and twitter what your dream classic car would be. steve on facebook told us his favorite is the 63 corvette stingray, split window coupe. good luck getting your hands on those. >> marco said, 1957 ford
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thunderbird. adam: wayne wants a 164 thunderbird convertible. studebaker, convertible. had one. shouldn't have sold it. >> gerri willis is here. you will tell us your dream car. you're looking how consumers could be affected by some reports of this potential hack attack on jpm. gerri: deirdre and adam, thanks for that. russian hackers attacking jpmorgan chase. we'll tell you what they got away with. also coming today on the show, american workers winning jobs from other countries, especially mexico. gm says adios and hello to tennessee. what is going on with apple? first they started shrinking the ipad. reports they are about to make it bigger, much bigger. airlines no longer listing their fares on orbitz. what is going on? are they trying to hide something from the flying public? we'll answer. "the willis report" where consumers are our business starts right n
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