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tv   After the Bell  FOX Business  September 11, 2014 4:00pm-5:01pm EDT

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david: thank you very much, nicole petallides. we are almost in the green across the board, but the inty cease made a great comeback today. there was a lot of sideways trading here and there, some individual stocks, but you think of how the markets started, lori, we started way down. looked like it might even go down to double or triple digits on the dow. to come out losing only 20 points is pretty good. and as you mentioned, all the other indices are in the green. we've got a busy day for you, "after the bell" starts right now. ♪ ♪ david: so, again, a bill comeback -- big comeback day. of course, a memorial of 9/11 kind of happening over the day, but traders still getting into the action. here and there there were some big moves. let's talk about it with patrick kaiser, a brandywine global management director who says the market may be in for a small pullback over the near term. dan nieman, nieman funds
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managing partner is going to tell us why he likes the oil and gas sector right now. get it while it's cheap. and we want to start with bob iaccino, i believe we have bob -- oh, no, we may get bob a little later at the cme. i want to start with you, bill patrick. the election is coming up. everybody's focused on what's happening from a political sense of view. does it matter from a financial point of view, does it matter to the markets at all, this election coming? >> i don't know if we're talking about the scottish or the u.s. election -- david: we're talking about the u.s. election -- a lot of people are talking about scots, but i'm talking about the u.s. election. >> yeah. no, absolutely. the midterms i think right now the only reason it matters is if somehow the republicans hold the house and maybe take the senate. i think outside of that expected outcome, i really think this midterm election is really everyone's looking forward to '16 as the one that matters. >> let's talk about the trading session today and really the
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overall sentiment of the market. investors, seems like despite the late session runup, what's holding investors back here? >> i think people are just waiting. lori: waiting for what? >> holding in september and waiting to see what happens in the midterm elections. we're focusing, obviously, on bottom-up stock picking, so we're looking for value. and while the market itself and the s&p 500 itself might feel a bit overvalued, there are a few stocks out there that we feel are undervalued or have lost moment. i think some people are looking for hold and some are looking for value. david: okay, bob iaccino is good at the cme. you say we're going to be in this stall mode until the next earnings season. i'm wondering what's happening in europe and asia is going to affect earnings. big slowdown, will it show up in the earnings? >> i think it will. but there's a couple of things i'm looking at, and i'm glad you guys brought up the election, by the way, because that's another one of the drivers of the bull
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market. outside of the fed this is, again, the only place to put your money where you can get a return. i love when there's one party in the white house and the other party in congress which, i think we can all agree, is going to be the scenario regardless of how many seats the republicans pick up in the senate. you're still going to have opposing parties. that means nothing gets done government wise. that means american entrepreneurs can do this american exceptionalism thing because the rules respect going to change for -- aren't going to change for at least another two years. lori: dan, you mentioned specific spots of value, do you want to let us in on that? >> sure, the oil refining sector has been standing out of late. two stocks that have really come to the top are valero energy and marathon petroleum. marathon and valero both have had a huge earnings growth over the past three years, and i think with a little bit of downside, a little bit of a lack of buying on those two particular issues, i think we'll
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see in the next two to three years the price of oil coming up and value right now in those stocks. david: i've got to push back a little with bob iaccino, but i'm going to do it through patrick. listen up though, bob. the question of regulations and if, in fact, the republicans take over the senate, this administration has enormous power on its own. the executive not only for the to make these executive decisions like he's fond of doing but also for the fed to move forward. i just had dibber the other -- dinner the other night with some mutual fund guys who were scared to death they were going to become regulated as a too big to fail institution even though they don't have much leverage as mutual funds. there is still a lot that could be done against particularly financial. there was talk today of apple being regulated as a financial institution now with its new pay package it's getting into. so isn't there still a lot that the executive could do to regulate, perhaps in some people's eyes, too much?
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>> no, absolutely. when i heard bob say that, i kind of raised my eye yous as -- eyebrows as well because nothing really changes in terms of the regulatory ability. congress can push back, it can make noise, but we've seen over and over again the administration has plenty of power to do a lot of things on a regulatory perspective particularly in the financial sector. so that's a problem, i -- but i think why i said earlier investors are going to look past the midterms because then you start thinking what are the odds of a party change in the 2016 presidency, that's really where the battlefield changes. lori: you're all talking about politics and how it relates to the markets, and it's interesting because we hear, yes, the market is fairly to overvalued, yet u.s. stocks continue to be the only game in town. patrick, to to you. how would you reconcile that? >> yeah, you know, i think when we look at the broad market, it looks pretty fairly valued.
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a pretty broad range. i don't think we're undervalued, i think we're this that broad
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whenwork with equity experts who work with regional experts that's when expertise happens. mfs. because there is no expertise without collaboration. dawfd david investors were bullish onn pandora today as they sign a may sure licensing agreement. lori: let's head back to nicole petallides on the floor of the new york stock exchange. >> well, maybe, lori and dave can, you're rihanna fans. bmg, we're talking about music now, is -- they're under that umbrella, and that is what we're talking about with pandora today. up 3.2%, signing a licensing
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agreement with bmg for songs by those artists. other news, u.s. licensing for the complete bmi and ascap catalogs of musical works. right now the stock is at 26.94. that's where it closed at 3.24%. long term you can see march was the pop, right? that was the high up above the $40 mark. it's really lost some ground since then. however, you did get a nice move to the upside with this news that pandora with a licensing agreement with bmg really giving them access to some really great artists. david david thanks, nicole. lori: let's head back to bob iaccino in the pits of the cme. we just saw the vixx, little changed. it seems like investors are holding back. what's going on? how would you characterize the markets today? >> you mentioned it's a very quiet overall mood.i know severe funds as well that have tried to go along the vixx lately, and it
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just doesn't seem to work. it's a resilient market. lululemon today which had huge short interest 12 days, we saw over seven times the normal average volume. we expect to see that in continued shares. overall value is not that exciting. two days in a row if we can close, to that's a positive. david: a lot of waiting around. bob iaccino, good stuff, my friend. thank you very much. lori: oil prices have been cascading, falling to a six month low recovering some of those losses. the early declean was caused -- decline was caused by the trimming of the global forecast. was the third month in a row the agency cutting its predictions. david: joining us to talk about where oil prices are headed this year, john la forge, davis research commodity strategist. i know your focus is on demand, but i just want to talk about supply. let's deal with that first and
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then get into demand. there is a huge amount of supply, particularly from u.s. companies, a lot of whom the producers think that we are going to change our oil export laws, allowing them to export a lot more oil overseas. how much of the supply that has been created by these companies is affecting price right now? >> quite a bit. most of it you'll see in the spread between what a u.s. price is, what you'd see wti that you flash up on your screen versus more of a global price brent. there's about a $6 difference, and that's because there's so much supply in the u.s., it deserves a discount of $6. lori: in terms of supply, dueck these fall -- do you think these falling oil prices, john, will cut the big jump, the pace in supply growth we've seen in the u.s.? >> no, no. it's still there. we're still finding a lot of oil, and there's still a lot of money to be had, so we're seeing production growth rates are up 17% year-over-year. very, very high historically,
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but they're not coming down much. but the evidence so far says, no. we're still producing a lot of oil, but there's still a lot of demand out there too. lori: have you seen crude oil bottom here? >> yeah, i actually do. crude has been in this narrow channel between 09 and 110 for a couple of years now so even though we get caught up in the short term of, hey, it was at 102, now it's at 92, it's been in a $20 band for about two years now. we're at the lower end around 90, i'd expect it to bounce close to 100, and it'll with purely -- it'll be purely technical. it won't be fundamental. david: we do see a lot of the supply, you pointed out production is up 17% in just 12 months. that's a huge increase in supply. it may grow each further if the export ban is lifted. but then we have the slowdown in europe and perhaps even more importantly, a slowdown in china. now, we don't know all the details about that, but that falloff in demand, what makes you think the price is going to
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go up in. >> i agree that china's the number one factor. europe is not the main factor right now when it comes to oil. so if china does slow, again, we don't have the evidence that they're slowing dramatically. it could be seasonal softness. so even though the iea said they're beginning to slow, we haven't seen this evidence that's sitting out there. so one of the things we really have to pay attention to is whether that happens or not to. right now emerging markets are more than 50% of oil demand. it's the highest we've ever seen since we've been tracking the data. the number one driver of that is china. so if they do slow, big, big issue. lori: all right, bigger picture, let's get to some of your bigger industry picks. if you think oil prices will bounce higher, you like the bnp companies. will you explain? >> of all the industries that are energy related whether they be enp, refiners, mlps, the number one group that's most
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sensitive is enp because they get the most leverage. they're the ones out there exploring for this stuff. oil goes up $10, they make it for every nickel. so you want to be enp focused. if you're worried about, no, we're at 90 probably going to 80, you probably want to own an mlp or refiner. mlps tend to be the least sensitive to the price of oil, and the refibers -- refinders benefit because that's their input cost. david: i like it because it means my gas cost is less, but to produce shale oil to, if you go below, for example, 70, a lot of these companies are going to be out of business because it costs so much to produce shale oil, am i right? >> yeah, you are. it depends company by company. we've seen numbers as high as 80, we've seen numbers lower than 50. so we're somewhere this that 60-80 range is where that cost is for a lot of these companies. so i fully expect anything south
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of 80 and start seeing some shut-ins, and you also need to start pulling back in. that would firm price up. david: okay. but again, if you like shale oil, if you think it's going to be profitable, ma gel runs, mid stream and enterprise product partners are good bets. appreciate it. lori: lot of strategy there. lack of demand may not be the only thing that hurt oil companies. a new round of pending u.s. sanctions against russia could also hit major producers. david: rich edson is live from d.c. with details of exactly who could be impacted the most. >> reporter: latest sanctions are out. you know the russian economy's largely built on oil and gas, and the united states and european union are announcing this afternoon the expansion of sanctions against russia and, quote: services necessary for deepwater oil exploration and production, arctic oil exploration or production and shale oil projects in russia may no more be supplied for instance drilling, well testing or
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logging services. exxon, bp and shell, other pens have invested billions of dollars partnering with russia and energy firms on drilling wells, things like that. a spokesman says the company is assessing sanctions and that it's exxon's policy to comply with all laws, even with this latest round of sanctions the white house says the administration is willing to reduce their impact with the long-hoped change in russian conduct. >> the president is committed and is willing to begin to roll back some of those sanctions if we start to see the kinds of actions from the russians that we would like to see. because we haven't thus far, the international community's prepared to act to impose additional economic costs on them. >> reporter: the obama administration says this latest round of sanctions will also include additional targets in the energy and financial sectors. the european union is far more reliant on russia, especially than the united states. the e.u. says it rewill review
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this -- it will review this latest round of sanctions at the end of the month. david: okay. these are serious sanctions. thank you, rich. lori: rich, thank you. david: well, president obama vowing to destroy isis, but how do you stop foreign sympathizers from financing the terrorist group? one of the world's leading experts on the middle east is going to give us his take. lori: also this is a story that is getting so much buzz, so much follow up from the mainstream. , this fl commissioner roger goodell under siege in the controversy over ray rice knocking his fiancee unconscious in a casino elevator. when knew what in the nfl and when, and should goodell go? david: also mcdonald's may be considering serving up an entirely new category of meal as it tries to reverse its worst monthly sales numbers in a decade. more on that coming up. ♪ ♪
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. lori: the clock is ticking, time for a speed read of the day's other headlines. five stories, one minute. u.s. foreclosure activity rose 7% in august. this is the second straight month of a reported increase in foreclosures. world food prices hitting a four-year low, the decline led by lower costs of milk, oil and sugar. general motors launching plans to launch 40 new cars including in indca. ceo mary barra sees a lot of
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market activity. mcdonald's may be trying to spice up sales by adding a brunch menu. first disappearing photos now disappearing facebook posts. it is testing a feature that will let users schedule a deletion of events. >> boy you got a lot in there today. lori: the nfl launching into allegations it had a copy of the ray rice punch video months ago but failed to act on it. david: what is next? this nfl commissioner roger goodell design? will the nfl suffer meaningful impact. with us kevin adler, engage president and founder and nfl agent and counsel at garvey, shubert, barra. it's a dilemma for roger goodell. if he didn't see the tape, he's
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not fully in control. but if he did see the tape, he didn't tell the truth when he said he didn't. i understand that issue, but i'm wondering, i sense there is a pile-on roger goodell and basically what he did in the past and didn't police people, am i right? >> no question there's a pile-on in terms of how that plays out. time and fact will dictate how that plays out. lori: okay, eugene over to you in the terms of dollars and cents, as a player representative, agent, what are you hearing from the players? do they feel this is just fair? are you warning them about contract language? how will it affect the bottom line, do you think? >> a lot of the players are thinking it's time that roger goodell is now at the center of the firestorm. he has been the main source of discipline for the last several years in the nfl, bringing down punishment and discipline on various offenses from drugs to domestic violence. at this point in time, have you
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nfl players, lawmakers, activist groups such as the national organization for women calling for accountability and transparency in the process. they want to understand and know that the nfl followed the right protocols in investigation of the matter. that's the key. david: eugene, i'm surprised to hear, that he was light on rice, and i think that the players would want to see one of their own not treated too harshly, am i wrong? >> there are certain crimes that are deplorable, so reprehensible that you won't get backing from hardly anyone, beside a parent. even then it might be difficult. one is domestic violence, it is a very serious crime and a crime that -- i don't think any nfl player would support that call. david: when you see the last video, this was bad enough when you saw him dragging the body out of the elevator. obviously, when he went inside the elevator and got the video
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of him cold cokcing her, i don't know anyone in the universe who would defend behavior like that. clearly if goodell had seen that footage, don't you think he could have acted differently? >> i think so, the question is why are there so many inconsistencies in the story. david: well, why do you think? >> you would tend to think a reasonably prudent person would tend to believe that nfl security would know to approach not only the new jersey state police but the atlantic city police department and hotel security to exhaust every possible resource in its investigation of the matter given the gravity of the alleged crime. lori: kevin, back to you, talk to me about the overall monetary implications here, when all said is and done whether or not goodell stays or leaves, the language, however it all comes to pass. do you think it will ultimately result in lower viewership, lower sales of jerseys, ad
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revenue? >> yeah, ultimately in the long-term i don't, i think you have to look at the nfl as a brand. you have to look at ray rice as a brand. certainly both those brands at different levels of scales and severity have suffered short-term and ray rice's long-term and permanent damage to their brands. i think the nfl will recover from this. i don't think you'll see a decline in viewership. lori: don't mean to interrupt you, it's like the train wreck, the car accident, maybe more viewers who perhaps weren't football fans will hop on a game to hear the commentators' remark on the latest scandal? >> i don't think bad news is good news for the league in this particular case. i don't think you'll see non-nfl fans tuning into an nfl game in the hopes the commentators will address the issue. i think you will see avid nfl fans stay with the nfl because the product on the field is a quality product. david: eugene, quickly to you,
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i couldn't agree with you more that the heinous nature of this crime, and i think was a crime even though the wife didn't prosecute. he's a danger to community given what he did in the elevator. i would assume that you would then say that his career is finished. there is no way, no how he's coming back, am i right? >> it would require a miracle for ray rice to land with another nfl team given the pr nightmare, the firestorm that would ensue if he were to sign with an nfl team. david: i agree with you. lori: disgusting video. david: kevin adler, eugene lee, appreciate it. the president announcing a new coalition of countries against isis. however isis is still gaining support from other global players. what action should be taken against those countries? lori: house this for today, tractors, cows and drones? drones may be a staple in the heartland as farmers turn to unmanned aircraft to keep costs
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down and costs growing. we'll talk to a man who isading. hi, are we still on for tomorrow? tomorrow. quick look at the weather. nice day, beautiful tomorrow. tomorrow is full of promise.
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we can come back tomorrrow. and we promise to keep it that way. driven to preserve the environment, csx moves a ton of freight nearly 450 miles on one gallon of fuel. what a day. can't wait til tomorrow. you know, if you play football foryou're gonna learn toid, deal with alot of pain. but it is nothing like the pain that shingles causes. man when i got shingles it was something awful. it was like being blindsided by some linebacker. you don't see it coming. boom! it was this painful rash of little blisters. red, ugly stuff. lots of 'em. not a good deal. if you've had chicken pox, uh-huh, we all remember chicken pox. well that shingles virus is already inside of you. it ain't pretty when it comes out. now i'm not telling you this so that you'll feel sorry for me. i'm just here to tell you that one out of three people
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. david: while the pentagon is drawing up plans to hit isis
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militarily, the treasury department is working on products to wound isis financially, by disrupting the money flows, this could be the achilles' heel for isis. the problem for diplomats is some of that money may be flowing through the hands of supposed allies. big problem. for details we turn to manual odeleningi. give me an impression of the president's speech last night. what did you think? >> good to be with you. i thought the president did a reasonably good job telling us what the united states will do. what was missing from that speech was the vision thing. i mean here we are 13 years after 9/11. the ideology that rejects every value of western civilization and also very violently. whether it's called the islamic state or hamas or hezbollah or boko haram, we're dealing with ideology that hates the west
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and our way of life. that's what's missing from the speech. he's confronting a small organization of sociopaths but not talking about what it is this organization believes in and why this is part of a much broader problem. david: let's talk about their money flows and how they move money and we could possibly disrupt. that first of all, which countries were involved in enabling isis before they got ahold of iraq oil, who gave the money in the beginning? >> isil or islamic state as they call themselves now is a congregation of numerous extreme, violent jihadis coming from a variety of places. they travel in tiers much like the international brigades did in spain in the 1930s from all over the world. they were enabled first of all physically to get there by neighboring states but first and foremost by turkey. a lot of the people go through turkey. turkey has a very long border
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with syria. so you can't, you can't expect that border to be completely sealed, but turkey should do a lot more. financially they have been getting aid from private donors in the gulf, but also getting a lot of political support from some of the gulf countries. david: one in particular that i heard about, i got to speed along one is qatar, that they specifically have been giving money because they want to avoid terrorist attacks. they have a lot of financial interests in the united states, 600-million-dollar project in washington, d.c. just as one of billions of money in the u.s. here financial pressure on russia. these guys are killing americans on video. can't we put economic pressure on qatar for what they've been doing? >> we can put a lot of economic pressure. this is a tiny kingdom in the middle of the gulf. it has a population of 250,000 citizens, it has enormous
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natural resources, natural gas in particular, which feed into its wealth but it is a country that functioned because it has millions of foreign workers with little rights. qatar is awarded the soccer world cup of 2022. there are horror stories about how they're slaving foreign workers to build the country for that occasion. there's a lot of financial pressure that can be done, put on qatar. there are qatar hosts the biggest airbase for the united states in the region, that base can be moved. a lot of military gear is being sold to qatar from the united states. contracts can be reviewed. there are many ways that pressure can be put. david: unfortunately we're just about out of time. we've got to talk about the movement of money. this is the achilles' heel of drug dealers, terrorists. the way they were moving money
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around. are the islamic banks that sprouted up all over, even in the united states, is that one of the ways that isis is moving money around, and if so, how can we disrupt that flow? >> well, a lot of the money is being moved around in the old-fashioned way by courier, suitcase, in cash. david: i see. >> but the bottom line of the organizations is they triangulate and use intermediate points, there will be a lot involved in the way the trail is confiscated. david: quickly, the isis oil, who is buying that oil? >> again, it's going through smugglers, and middle men in the area, both iraqis and turks most likely. it is being smuggled by truck, but that's the achilles' heel, you can't move 15 million dollars a month worth of fuel from iraq and eastern syria
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into turkey and neighboring places without leaving a paper trail. david: got you. from the foundation for defense of democracies, please come back. good to see you. >> thank you for having me. lori: farm life will never be the same again if drone makers get their way. a drone company promising to deliver cutting-edge technology at prices farmers can afford. and as the nation remembers the 9/11 terrorist attacks 13 years ago now, we take you inside the wall street firm that was hit hardest on that tragic day. cantor fitzgerald is remembering losses by giving a helping hand to others in need. so ally bank really has no hidden fees on savings accounts? that's right. it's just that i'm worried about you know "hidden things..." ok, why's that? no hidden fees, from the bank where no branches equals great rates. hard it can be...how ...to breathe with copd? it can feel like this.
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. lori: wait until you see this next guest and the prop he has. drone manufacturer event 38 plans to add another essential tool to the family farm. drones. they provide drone technology allowing farmers to monitor irrigation, soil, crops, cattle and more from high resolution aerial imaging. david: he's got a drone right in front of us. joining us from cleveland, ohio, is event 38 founder jeff taylor. congratulations, this is very exciting stuff by the way, it could -- we could improve productivity enormously, not just in this country but around the world by what the drones tell farmers. tell us how the farmers use the
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images that they get from the drone? >> first and foremost, farmers are interested in just seeing a very high resolution topdown image of farms. they know the farms like the back of their hands, so just getting that topdown imagery is useful to them. david: but how specifically? give us examples. we're looking at aerial shots, one is infrared and the others a plain one. how can they use the imageries to help them irrigate better or pull weeds or whatever. >> few things we can do is spot weeds and quantify how they are spreading early in the season. we can spot using the infrared plants stressed due to lack of water or nutrients. lori: does it help at all with the weather component farming, crop prices? we're waiting for the crop report and what it's going to be, in terms of the trading side of all of this. is there any benefit there? >> there may be some benefit,
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there because one thing that this will allow us to do is predict the yield throughout the season as we -- let's say you are halfway through the growing season, we're able to predict the yield you get at the end of the season. >> jeff, i know that farmers love drones, people have reasons for loving them, there are people afraid of them, particularly as they might interfere with aircraft, i know there are a lot of crop duster and other aircraft in the area of farming. are you working with the faa at all and coming up with a game plan so they don't get dangerous? >> absolutely. working with the faa and hoping to get regulations out in the next year or so that will allow us to cooperate with general aviation and make sure we are able to integrate these safely into the airspace. lori: who are customers? what types of farms are using the drones you are selling? >> typically farmers of corn and soybeans, and the farms range from 300 acres to several
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thousand. david: and jeff, you work with spacex, you're a young guy, i don't think you've reached 30 yet, are you? >> still 27. david: you are involved in many ventures, spacex is one of them. is elon musk one of the investors in this project? >> no, but i'll reach out and see what he says. david: good stuff, good stuff. lori: good luck to you. david: jeff taylor, thank you very much, appreciate you coming on. lori: turning tragedy into hope. how a wall street firm that lost two-thirds of its workforce on 9/11 raises 70 million dollars for clarity and raising more money today.
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. lori: wall street firm can't or fitzgerald lost two-thirds of the workforce on the september 11 attacks. with the affiliate bgc turned this tragic anniversary into a positive event by raising money for relief fund and dozens of other charities. david: cheryl casone was at today's event. >> imagine 658 of your employees lost in one single day. this is the tenth annual bgc charity day, 13 years ago, we
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can never of course forget. that's the phrase we're hearing, never forget 13 years ago. a few blocks from ground zero, but today was about raising money for charity. and some of the biggest celebrities joined howard lutnick, the chairman and ceo of cantor fitzgerald and bgc partners to raise money, jenny mccarthy was here, one of the big hits was pam anderson. one of the big hits. traders were walking around her. she was lovely and 50 cent, curtis jackson, he was here making some trades. we got a chance to talk to a few of the celebrities. listen to what they say in particular, of course you know who this is. the place went crazy, mariano rivera, the yankees legend was here. doesn't do a lot of interviews,
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listen to what he said to me today. >> 13 years ago was a bad day for us. but something that brought us together, you know? and -- >> reporter: let's talk about the trade. how did the trade go? >> i feel really good. i think i did well. >> reporter: maybe curtis jackson isn't going to give up his day job to be a trader. but certainly he was one of the biggest hits. a lot of money raised today, the trading day is over, they're going to be counting up the halladay tallies, 100% of global revenues that came in today at bgc going to the fund, that not only is helping families of 9/11 but expanded it to include other victims, hurricane sandy relief. those that were hurt in moore, oklahoma and the families there, something that's evolving every year, as i send it to you in the studio. this is the phrase and we hashtaged it all day on twitter, never forget.
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lori: what a wonderful tradition, cheryl casone, cantor's offices today. thank you very much, cheryl. tune in tonight 10:00 p.m. eastern for special of timeline of terror on fox business. david: i think that all of the cantor people, the cantor families have been taken care of by howard lutnick's work. they have extended that safety net to include everyone that was affected by it in the family there. million dollars can buy a lot in new york city, but would you dish out seven figures for a parking spot? >> yes. david: i don't think so. we'll tell you more about this when we go off the desk. lori: and one of the fast food chains will be adding artificially colored black cheese to the menu. i'll try it. why not? which company is behind the idea. [ breathing deeply ]
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. david: time to go off the desk, what will a million dollars get you in new york city? not a lot, you can go shopping in soho or fifth avenue or buy a parking spot. selling ten parking spots for a million bucks each. lori: each? that is obnoxious. david: more money per square foot for each parking spot than the luxury apartments above. instead of buying a 5,000-square-foot home in dallas or 3500-square-foot home in seattle, consider spending a million dollars on a basement parking spot on new york city. lori: if i could afford it, that is absolutely obnoxious. also off the desk, japan is known for culinary oddities, and fast food chain burger chain plans to indulge consumers with black cheese.
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burger king has announced the latest rendition of burger, the burger which comes with a black bun and sauce will come with the black cheese as well. the black burger will set you back four bucks with normal colored lettuce, onions, tomato. dark as night cheese will be available september 19th. david: don't knock it until you try it. lori: artificial colorings and flavorings is bad for you. david: joe on twitter told us oil prices have a long way to go on the downside. oil prices at the pump i expect to drop slightly. and heating oil is on the rise. lori: the number one thing to watch tomorrow retail sales, data released at 8:00 a.m. eastern. economists expect rise 6/10%. it would come after two months
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of declines. david: you woke up at what time? long day. lori: "the willis report" is next. and gerri, you are talking about the growing controversy surrounding olive garden's pasta push. gerri: thank you for that. when you think the black markets, drugs, liquor, now the olive garden all you can eat cart. as obamacare 2.0 is about to kick off. we're all paying more for health care. obama is promising a coalition will stand with the u.s. in the fight against isis but lou dobbs helps us break down the facts surrounding the president's strategy. and if you thought the student loan debt crisis impacted millennials. think again. "the willis report" where consumers are our business, starts right now. today as the nation pauses to remember one of the darkest days in history, could the biggest throw the our

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