tv The Willis Report FOX Business September 22, 2014 5:00pm-6:01pm EDT
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>> yeah. >> "the willis report" is next. gerri, looking at new warning for consumers regarding alzheimer's. gerri: that's right, cheryl and dave. thanks for that. the price of one of the nation's most popular alzheimer's drugs is going through the roof. we'll have details. coming up on the show, is at&t or verizon better carrier for your new iphone? what about smaller companies that are rivals? we'll have the answer. protesters back on wall street this time complain about climate change but is american big business really the big problem? saving money on soda. can home soft drink machines, yes there are soft drink machines you can use at home, will they save you cash? we'll have the answers. "the willis report" where consumers are our business starts right now. gerri: we begin tonight for good news in the market for consumers looking for a car. prices of used cars are falling and fast this is boost for some
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consumers but those in the market for a new car, get ready to pay more. here to explain the senior market analyst for kelley blue book. welcome back to the show. what is behind the price drop for used cars? >> well, right now what we're seeing in the used car market that values passed their seasonal peak which usually comes in march or april of every year. we're settling into that 1% month over month depreciation pattern true every year. the other thing we're seeing there is a lot more supply today than last year. next year we expect to see the same trend. with increased supply you're starting to see prices take a little bit of a hit. gerri: here is how they're taking a hit. average price $10,883. down 1.6% year-over-year. alex, how does this ripple through to the new car market? >> well it is, it impacts in a way most consumers probably wouldn't think of right away. when you look at what is driving new car market, a lot is
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leasing. 25% of all new cars sold have been leased. lease something built on residual values which is really kind of estimate what a used car will be worth two or three years from now. as we see the used car market take a hit today, that will lower residual values for future which will make it more costly, more expensive for average consumer to get a lease. over time as the used car market gets softer and softer, leases become less attractive and new car sales take a hit. gerri: new car prices will be higher as well. what about incentives? will i get more from auto makers to buy a car? >> yeah. i think so. as we find automakers continue to produce at greater and greater volumes, right now we're looking at about 60, to 70 day supply for industry which is considered healthy. but as supply continues to grow and demand starts to wane because leasing is no longer as attractive as it is today, you will find manufacturers increasing incentives n fact so
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far this year, manufacturers are spending $2800 per unit on new cars on average, which is $300 higher than last year. we're already starting to see incentives creep up a little bit. gerri: i think it is all a shell game. you either get the price or incentive or, i think for consumers it is all very confusing. what is your single best piece of advice for folks out there who are in the car market today to get that best price, alec? >> well i think for consumers the nice thing is that although dealers have a lot of options, a lot of moving pieces to confuse the deal, consumers have tremendously great resources available to them. websites like kbb.com like our site will give you a sense what consumers pay in the marketplace. check auto trader to make sure there are plenty of inventory available. you get a vehicle history report on a vehicle if you plan to buy a used car to make sure there is no frame damage, flood damage or anything else wrong with the car. leverage the online resources. do homework before you walk into
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the dealership. that is the best advice i can give. gerri: thanks for coming on. good to see you. >> thanks for having me on. >> more car recalls, more of them, yes. they keep rolling in. both general motors and chrysler calling back hundreds of thousands of vehicles. chrysler calling back nearly 189,000, hard to say, jeep and dodge suvs over a fuel p.m.p issue causing cars to stall or not start -- fuel pump. gm recalling cadillac and impala cars over defect in the parking brake causing fires. here with more, vice president of steery cycle which helps companies manage recalls. welcome to the show. great to have you here. i want to go over some of the recalls to give people more information what is going on here. start with those jeeps. what is the problem with jeeps? >> so certainly we're seeing an issue with the jeep and fuel pump and, what needs to be addressed here is that this
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truly is the year of the automotive recall. we're seeing numbers at historic proportions. 50 major vehicles this year alone have been recalled at this pace we'll be on pace to almost 4-x we were annual average past ten years. as consumers hear the alerts they need to pay close attention. >> the center for auto safety, ralph nader's group says the recall is inadequate. do you agree with that. >> i can't say whether the recall is adequate or inadequate but i do know this, these companies are doing appropriate little of due diligence right scope of recall and which cars are impacted. they want to make sure that is right. they don't want to expand later to cause further confusion in the marketplace. stresses ability they can effectively conduct that recall. they're making sure they get it right. they're trying to get it right the first time. gerri: i think we do have a ton of recalls in the marketplace. we mentioned gm in the intro. cadillac sts, chef slay impala. what is going on there? >> a brake situation with regard to the brake pad which could
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eventually lead to fire hazard. kind of adds to the number of recalls hitting from a consumer perspective they need to mcsure they're not having recall fatigue. from manufacturer's perspective they need to be diligent removing unsafe vehicles from the marketplace. gerri: do you think people will stop paying attention to these? >> gerri, there are five to 10 recalls happen a day. there have been 500 auto recalls this year alone. what i often say to consumers and drivers, be diligent. safety first as we often say. goes not only in the car obviously but out of the car. when you receive the card, open it up. pay attention to it. how many people have gone to their manufacturer website or safer car.gov to check to see if their cars are impacted. probably not me. could be. they need to make sure they're ready to call manufacturers and ready with the dealerships to be insure they're prepared. gerri: scary part it is it may be a car coming in your
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direction on two-lane road in the middle of the night that has the problem. may not be the car that you own. i want to talk for a second though, we got this all started, the recalls with gm and the ignition switch failures. today, news, the compensation fund has received 675 claims. now 21 death claims confirmed. 16 claims certified as legitimate injury cases. these numbers are piling up and they're clearly larger than gm itself anticipated. what do you make of this? what should we take away from this and will this number only grow through december? >> clear takeaway here, gerri, is see verity of issue. certainly tragedy of information coming through. it goes back to preparedness necessary for manufacturers conducting those recalls. we've done thousands of recalls across all industries and goes back to making sure you're prepared, anticipating volumes like this. as i mentioned before, that consumers, drivers really doing
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their part. continuing to be diligent. putting their own safety and those around them for their ahead of this to stay on top of this. gerri: particularly if you have a kid who is driving and bought one of these small cars you really want to look into it. mike, thanks for coming on to the show. >> thank you. gerri: we have more, more, more to come this hour including your voice. your voice is important to us. that's why during the show we want you to facebook me or tweet me@gerri willis fbn. also send me an email going to the website, gerri willis.cop. at the bottom of the hour i will read your tweets and your emails. up next, a health alert. the maker of a popular alzheimer's drug making moves that will cost you and your loved ones more. details coming up after the break. (vo) watching. waiting.
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welcome back to the show, doctor, good to have you here. let's just draw this out a little bit because it is fairly complicated. this company makes a popular drug namenda for people with alzheimer's but they're removing the drug early. why? >> this is actually a pretty common practice when you look into it. they have a patent on this. typically things are about 20 years. it will expire in october 2015. what they're trying to do is introduce a new version of this to extend the patent to 2029. gerri: okay. >> and eliminate competition. gerri: let me stop you there. what is the benefit of the new drug over the old drug? is it significantly better? >> there has been no clinical trials that hoe any difference in outcome. it is, probably a little easier to use because the old drug is twice a day drug. the new one is once a day. but that is the only benefit i can see and there is no data to support superiority of one over the other at this point. gerri: does the immediate
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release, im, on the market now, xr will be the new version, tell us what is the benefit of this drug to begin with? how does this combat alzheimer's? >> so this drug is actually indicated for moderate to severe alzheimer's and it works in the brain to help modulate or change some of the chemicals in the brain in a way that can improve memory, can improve some of the behavior difficulties you see with advanced alzheimer's. it has been shown to be effective and helpful. it doesn't cure the disease. it just helps alleviate some of the symptoms. gerri: this is what the industry calls forced switches. they're trying to get doctors and their patients to switch to the new, branded version of the drug and not go with a generic which isn't even on marketplace yet. dr. kevin, i have to point out here this, was a drug that earned 1.5 billion for the maker when it was first launched. what is going on here? >> you know, i think it is absolutely disgusting. this is putting profits ahead of patients.
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and i think that one of the things that the affordable care act never addressed was dealing with prices in pharmaceuticals. it addressed physicians, it addressed hospitals. it needs to look at this and regulate this because this is absolutely playing on sick people and it makes me very sad. gerri: people will have to pay more ultimately if their doctor make as switch for them and goes to the new branded drug and new branded version because there is nothing on the market, nothing will be on the market to replace it with. i'm thinking maybe taxpayers might lose out as well, medicare, medicaid picking up the tab for this? the price will be higher? >> i think that is absolutely right. and again, the only benefit to this drug i can see is the once daily formulation. but you know, this drug, in combination with another drug, out there for all alzheimer's has been shown to really ease some of the symptoms which can be so important for patients as their families as these patients move through the disease process and gives them better quality of life. here we have drugmaker, simply
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charging because they want to make a bigger profit. gerri: dr. kevin, you said at the beginning of this interview this happens a lot. how much do you think this costs the american public, this kind of practice? >> you know, i think that we pay more for drugs than any other country in the world and, yes, our health care spend something quite high. there was an article this weekend from "the wall street journal" and look at india. india is putting price limits, government regulated price limits on pharmaceuticals. so the drug prices here will go up even higher by a lot of these international companies in order to make up the profits lost elsewhere. we have to take stand. gerri: i don't see price limits, i got to tell you that, dr. campbell. i don't think it is worth it for drug companies to come up with the new drugs if they know there is limit how much they have can charge. there has to be some middle ground here? >> i think you're exactly right. i think that we have got to do something about this patent law. this may be a very important lawsuit that actually exposes
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this practice. make sure that the public understands it and sees what the pharmaceutical companies are doing to them and their families who are suffering with disease. gerri: we'll have to wait and see. dr. campbell, thanks for coming on. >> thanks for having me, gerri. gerri: now the latest developments on a story we've been following. u.s. meat supplier in china laying off most of its workforce accused of selling expired meat to kfc and mcdonald's. we told you about this one. the subsidiary has been under investigation since a shanghai tv station reported in july that it supplied expired meat to these restaurants. the probe resulted in six employees being arrested. production is unlikely to resume in the near future. later in this show, hundred of thousands take to the street in manhattan, calling for more to be done to combat climate change? but are they protesting in the right place? next we answer the question, how do you do that? millions flock to buy the new
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due to your first accident. switch to liberty mutual insurance and you could save up to $423 dollars. call liberty mutual for a free quote today at see car insurance in a whole new light. liberty mutual insurance. gerri: the much anticipated new iphone 6 and iphone 6 plus is finally here. it was a record-setting weekend. sales of the new smartphone topping 10 million in tree days, just first three days? that's crazy. you better believe mobile carriers are fighting for your business. which is the best carrier plan for your brand spanking new iphone? we have mashable tech editor. pete, first things first, you pulled up the other one. >> sure. gerri: here is the little baby one. and there is the big one, the
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plus. what were people buying? >> well the i phone 6 looks like it is outselling the 6 plus. though not necessarily because tremendously more popular than the other one. looks like there are supply issues here. they're probably less 6 pluses made than the 6. a lot of this isn't based based on necessarily on apple's report but which device is activated on various analytic services. gerri: if you're a fellow, you can't put that in the pocket, the big one. it will just not fit. >> this is too big for me. i'm six foot four. this is like my thumb doesn't get to the near top of the screen if i'm a use it in one hand. this subpoena usability issues for the 6 but for certain people but this is a big screen. gerri: big screen. they may be wonder hog to get their service from. if price is your issue which way do you go? >> if price matters most to you, verizon has a very good plan and it is their single line plan is very important because, you've
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got to get on the right plan for this and this assumes two gigs of data all you need in a month, which is good for most people. but verizon, if you get their single plan and buy the phone for you know, standard two-year contract, get about, paying 1640 i believe it is over two years. that is probably your best bet. gerri: sprint iphone for life. talk to me about that. >> that is a new plan. sprint wants to lease the iphone. you pay nothing for the phone and pay a straight up cost every month. that adding up to little more than verizon's 1680. you never have to pay for a new phone. you get one every two years. gerri: i mischaracterized. this is price is no issue at all. >> if price is no issue, then it is at&t or verizon. you want the best network. according to rude metrics and mobile networks, at&t and verizon are the fastest, most consistent, most reliable
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networks in the country. sprint and t-mobile are good in some ways. t-mobile is fast if you can get it in northeast or los angeles and a few other places. but you go off the interstate, you will not have as good connection activity. gerri: what if you're into at the time they aring? >> tethering. if you want to hook up the phone as internet connection for laptop which is getting more and more popular these days, make sure that is included. the plans i just mentioned don't necessarily include it. t-mobile gives a great plan at just over $1700 over two years and that one is very key. you don't want the simple choice. want the simple starter plan for it. mobile. gerri: some people hate contracts. they don't want to sign a contract. where should they go. >> as it turns out, almost all the carriers these day now offer installment plans for the phones this. was spurred by t-mobile when they did uncarrier movement. so, again on your best bet, probably t-mobile which gives you 1742 gigs of data, 1740 over
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two years plus includes at the time they aring. >> if you're a contract loveer? >> if you're a contract lover, who isn't, but, you probably want to go with verizon which again, their simple starter plan. not simple starter. their single line plan but, at&t, i got to say, they have the most straightforward pricing which is, i believe 2120, for over 24 months. and, that is with a contract. so, not too bad. it does give you at the time they aring. >> thanks for unraveling the mysteries of the carriers. that is the important question i think everybody has to answer. >> my pleasure. i've been going through this stuff for days and still kind of confused. if that was a little fast for you nice i totally understand but all out there online. gerri: pete, thanks for that. and coming up, we'll look at the second day of trading for alibaba and what it means for your money. first they were occupying wall street and now flooding it. protesters returning to lower
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♪ ♪ gerri: hundreds of thousands of protesters flocked the streets of new york city in what they claim to be the biggest climate change protest in history. fox business' very own ashley webster joins us live from wall street with the very latest. what's going on down there? >> well, hey, gerri. we're right on the corner of wall street and broadway, and here are the protesters, the climate change protesters, whose aim today was to shut down the new york stock exchange. that didn't work, but what we have is a standoff between these protesters who are refusing to move, they've been blocked from
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getting anywhere near the stock exchange, by way. and if you just pan this way, pete, hopefully you can see this, but there's a contingent of new york city's finest waiting to move in. when, we're not sure. we've been on this street, blocking this street now for some six hours. i have a feeling it will be time soon to move them on. the protesters have vowed not to leave, so i have a feeling there's going to be some arrests. coming down to d-day. one thing, gerri, i know you'll appreciate, i saw a sign that said consumerism kills everything. what i've noticed is the number of people wearing nikes, adidas, they're using ipads, iphones, all of those consumer products that they're here today, you know, protesting about. so hypocrisy, you betcha. but as we say, this is the end of a long day. there's probably, i would say, act 2,000 protesters -- about 2,000 protesters overall, certainly nothing like the
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crowds we saw yesterday marching through manhattan. but i have a feeling the clock is running out on this protest, and anyone who refuses to move right on the corner of broadway and wall street are going to be arrested. gerri: ashley, if they do move in, let us know. we'll come back to you. >> sure. absolutely. gerri: thank you, ash. well, is corporate america really to blame, or should protesters be knocking at a different door? doug holtz-eakin, president of the american action forum, is here with his take. great to see you. i want to bring up this comment that ashley just said he heard from one of these protest ors, it was a placard that was held, consumerism kills everything. how do you react to that? >> i think they've picked the wrong enemy here. corporations, capitalism, they are their friend in this battle because everyone who has studied the climate science says if you care about carbon, you have to have big innovation and big technological advances. and where does that come from? well, historically, this has been the system that's generated
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the most productivity, the most technological advance and the best recent example is the u.s. success in limiting its emissions by switching from coal to natural gas, that didn't come because of a protest, that came because of fracking and the economics. gerri: well, i think fracking has been, you know -- >> yes. nor mouse. gerri: -- number one in helping us reduce our co2 emissions. these folks are blaming consumerism which, to my mind, is actually the culprit in employing a lot of americans, so that's a positive, as far as i'm concerned. [laughter] here's the other way they're pointing the finger, we're highlighting capitalism is the target, one protesters said capitalism equals climate chaos. capitalism equals climate chaos. >> again, the place you want to look if you care about this issue is not in the united states, certainly not in southern manhattan, it's china and india. the emissions of the future come from china burning it coal, india burning its wood and are those the ills of capitalism, or
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is that countries that want to develop, have a better standard of living for their people? that's exactly what that is. gerri: so biggest co2 emitters in 2012, china, the u.s., the e.u., india. you see these kinds of numbers over and over and over again. we were talking today that maybe it would be better if they were protesting at the chinese embassy. [laughter] right? >> if you care about the issue, as i said, that's where you have to have both some, perhaps, limits on fossil fuel use, but the key is the technologies. can you burn them more cleanly, burn the clean or ones? that'll incentivize the revolution to noncarbon sources if that's what they want. that's the key. gerri: leonardo dicaprio was among the famous people protesting. and, of course, earlier this year he went could down to the d cup in a private jet. i mean, come on -- [laughter] how much hypocrisy can we take on this topic?
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>> maybe the mirror would be a useful thing this that regard, because the carbon footprint of some of those jets is enormous. gerri: and here we're seeing yet another actor talking about this issue. here's what i see and think's really going on: for this age group people, this is just fashion. if you're hip, this is what you do. you protest climate change. having done the research or not having done the research. >> and it should be done. do the research because, you know, they like to say, well, europe cares about this, europe's doing great things. what's europe doing? using market mechanismings to harness -- mechanisms to harness carbon emissions, it's doing everything they're protesting. it's fine to have a big heart, but try to have a big head too. gerri: if you want to get off mom and dad's couch at the end of the day, maybe you should be supportive of captain limb. we have a -- capitalism. we have a citi comparison, and this shows you some comparisons of china and the u.s. to get a
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sense of just how many problematic chinese cities there are in the world, and all you have to do is read some of the missives from journalists who go to beijing, who go to china and hear about just the density of the ugly, dark fog that encompasses those cities. >> are certainly. i've been to china, and it's stunning, an american is always shocked at how dirty it is. one of the other things that happens is as countries become more affluent, yes, they initially emit more, but then they emit less. why? because you're living better, you like to live in nice surroundings, so you start cleaning stuff up. that takes care of the particulate emissions and the smog, but it also has the side effect of limiting carbon emissions as well. so the kinds of things that are actually protesting in the end are going to bring the result that they want. gerri: well, i have to say it's a cycle. it's very much a cycle in the developing nations. those are the people we have to worry about, those are the folks
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who are doing most of these emissions out there. and if you move to stop them, then they don't evolve. they don't get to where we want them to be. >> they don't want to stop. they want to use their resources, they want to grow, they want to become more affluent. the big debates are whether they should do it in a cleaner fashion and how do you get there with the technologies, or do they get to emit and the developed world doesn't? and the argument they make is you got to emit your carbon when you got rich -- [laughter] that's what's going on there. but the key for the green as a whole is actually just to take advantage of the incentives for innovation and develop the better technologies. we've done it before, we can do it again. gerri: doug, great to see you. thanks for coming on the show tonight. now we want to know what you think. here's our question of the evening: where should climate change protesters be today? is should they be on wall street or at the chinese embassy? log on to gerriwillis.com, i'll
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show you the results at the end of tonight's show. and here's what some of you are tweeting me about tonight. george says: this is a real problem that cannot be swept under the rug. the sentiment is the same on facebook where it was posted: maybe they should go to china and protest and see how that works out. they don't like protests over there. mike says: sure as hell not here. whatever we do in this country is canceled out by both india and china who make up for what we do not pollute. got it right, guys. when we come back, last week we showed you the best slow cookers, tonight it's the best soda makers. and next we're covering your assets with more of our continued coverage of the record-breaking alibaba ipo. should it be in your portfolio? and here's your consumer gauge. take a look at that. those are the numbers you need. we'll be right back. ♪ ♪ [ hoof beats ]
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♪ ♪ gerri: all eyes on alibaba today as the new ipo hit its second day. shares dropped over 4% after surging nearly 40% on its friday debut. should you invest? what should you do? we're covering your assets with anthony -- president of providence financial, alan haft, authority of "you can never be too rich," and the president and ceo of benefactor financial. alan, what should you do at this point? you know, we get the pop, and so they get a pretty major pop, but typically an ipo sees a 14 percent jump. is it sustainable, and should you buy now? alan? >> you know, gerri, for the slice of somebody's portfolio where they're willing to take some risks, i would go all in on this. gerri: all in? what? >> look, the company -- we're looking at a company, we're
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getting in on the ground floor of a company that is 80% market share in a country of 1.5 billion people. half of which, not even half of which are even on the internet yet. so there's so much growth opportunity with this company. now, i do have some trepidation -- gerri: all right, all right. let's just go around the horn and see what everybody has to say first. frank, what do you say? do you like the stock here? >> i think it's great if you're holding anytime a portfolio with a lot of other stocks, but to go all in with such a large percentage for an average investor, i wouldn't recommend that. gerri: anthony, what do you say? do you like the stock here? >> yeah. i agree, i would not go all in. part of your portfolio might be okay, but i think there's a bigger picture. right now we have ipo mania that's going on, and i think alibaba's timing was wonderful, but i don't think the timing is great for the investor, so, no, small investors should be careful and tread with caution. gerri: all right, alan, let me ask you a question about this, okay? you're a fan, you like alibaba.
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but what do you own at the end of the day? this is one of my big fears. you don't have actual -- as i understand it, you're buying a company in bermuda, basically. i don't understand what i actually get if i buy the shares. >> right. it's the cayman island. i just want to backtrack. i didn't say go all in, i said for the small slice of somebody's pie that they have some risk money -- gerri: okay. so we're qualifying that. >> yes. it's called a variable interest entity, and it's in the cayman islands. gerri: what does that mean? >> you're basically buying a holding company that has a contract with the assets in china. it's been done many times before. look at baidu. they went public a handful of years ago, it's done extraordinarily well on the stock market. i do have some concerns about the stock, though, because the chinese can regulate it. jack ma doesn't have a great history of being the most, being the most judicious with his investors. he yanked ali pay autoout of the
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as -- out of the assets and kind of left yahoo! holding the bag. gerri: so let's get everybody in here. frank, to you, interesting corporate structure. and very intelligently alan mentions baidu, but you didn't have to buy that at the open, the first week because it actually languished and took off later. would that be a decent strategy here, frank, just see how it performs and figure out if you want it later? >> well, i think, you know, the stock has room to run. like a lot of things, facebook came out and didn't do well. today alibaba dropped 4%, pick your reason why, but i think as part of larger holdings, you know, it's fine. gerri: it's fine. it's fine. [laughter] >> i'm not going to get excited about it, you know? it's just one of many things that you can buy right now. gerri: anthony, what do you say here? i do think there's the issue of do you buy it now and do you buy it down the road? as you know, i mean, for a lot of individual investors the ipo
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market is full of problems because typically what happens is the small investor tries to get in at the open, they end up buying at the high, and they get stung because all the insiders get out. and in particular with this issue, apparently insiders can walk away right away. there's no holding period. so what do you say about trying to time this stock? >> yeah, absolutely. i would not be a timer of the stock. i mean, i think what we're doing is looking at a small piece of the puzzle when there's really a big puzzle to look at. i think the bigger piece of the puzzle is the history of ipos in general. and if we believe that history repeats itself -- and i know most people do -- when you look back at the ipos in general, the ipos tend to ramp up before we have a severe market crash and then, of course, the ipos crash as well. in 2000 there were i think there were almost 400 ipos and then, of course, in 2001 the market crashed, and there were only 80 ipos that occurred that year. and in 2007 there were 160
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ipos, and in 2008 the market crashed 55%, and there were only 20 ipos that work -- gerri: boom and bust. >> but you know what? there's a dozen -- gerri: go ahead. >> a dozen more ipos that are occurring this week, and i bet most listeners don't even know what they are. gerri: this one has gotten a lot of attention. alan, i'll let you have the last word here. >> yeah -- >> it's a monstrous -- >> hey, hey, let me have the last word here. [laughter] i like the company. look, if somebody's looking for a short-term investment, i wouldn't buy it. it has to be for the longer haul. but for the longer haul, you're getting in on the ground floor of a company that has such a huge market potential in their country right now that i wouldn't be shy about putting money into this company by any means. gerri: thanks for coming on tonight. great job. >> thanks for having me. >> thank you. gerri: time now for a look at stories you're clicking on tonight on foxbusiness.com. a leading inflation hawk at the federal reserve will retire in
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march, charles plosser's been the president of the philly fed since 2006 and pushed to raise interest rates. the few dissenters at the past two fed meetings. and the head of the european central bank is warning the eurozone's economic recovery is losing momentum. mario draghi says recent economic indicate canners have given no indication of an upturn. he's blaming the lack of growth on geopolitical disturbances. and stocks having their biggest loss in more than six weeks, investors worried about slowing growth in china, and that's weighing on the price of oil. this after the national association of realtors says sales of existing homes fell nearly 2 percent last month. that snap add four month streak of games, much of the slowdown after the exodus of investors accounting for 12% of august purchases compared to 17% last year. and those are some of the hot stories right now on foxbusiness.com. still to come, my two cents more. and next we go inside the good
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housekeeping institute test kitchen to find out which home soda machine is right for you. check it out. ♪ ♪ (trader vo) i search. i research. i dig. and dig some more. because, for me, the challenge of the search... is almost as exciting as the thrill of the find. (announcer) at scottrade, we share your passion for trading. that's why we rebuilt scottrade elite from the ground up - including a proprietary momentum indicator that makes researching sectors and industries even easier. because at scottrade, our passion is to power yours. right here.
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♪ ♪ gerri: well, if you love soda but you're concerned about the cost to your wallet and waistline, you might want to consider making it at home. after all, our friends at the good housekeeping institute say bubbles are trendy this year. we're talking about bubbles. what's with bubbles? why are they so popular? >> bubbles are everywhere. first of all, we have a few picks from the institute.
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gerri: look at that. >> they're just delicious, and it doesn't have to be a special occasion anymore. friends are over, open a bottle. all these are under 16, i believe, and the three that i personally loved that we all -- gerri: not as sweet as champagne. that's what i like. >> really, really good and easy to drink, easy as a mixer too. the other part there are sodas that coming up that are adult sodas. they're just a little more sophisticated flavor wise, you've got an elder flower one, a ginger, and this is a pina coe lad da without the alcohol. the other thing that is sort of trending with cocktails trending as a money saver is making seltzer at home. gerri: now, wait a minute, i've heard a lot about this. is it really practical? >> it is. it's fun and it's easy. this is the one you're probably familiar with, the old-fashioned one on the bar. gerri: dean martin movie. >> this is called a soda stream, and this is -- gerri: vodka? >> we're not going to carbonate
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vodka today, gerri, just water. this is a plain bottle of cold water. put this in, lock down like that. see this thing? see these little dots here? these are some carbonation, more carbonation. gerri: let's give it a lot. >> you press. go ahead. you've got to hold. gerri: oh, cool. >> and it will -- see the light? all right. so i think we're done there. gerri: when the lights go out, right? >> yep. just pops back up. you heard that little -- gerri: yeah. >> there you go. look at that. how cool is that? would you like a glass? gerri: yes, let's try it. gorgeous. >> yeah. gerri: that's fun. >> it's seltzer. gerri: so do you plug this in somewhere? >> it's all run my co2 chargers. this will last probably a couple of months. and this is a single use
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charger, so these are smaller, but they just go right in here, and you'll go just like that. you'll hear a little pop. ready? gerri: cool. >> cool. all right. and then that's, that's it. and this will also, it releases. in this will stay in your fridge for -- it's like a science experiment. gerri: like you let the 12-year-olds loose in your can kitchen. >> we love having our own little mixers. soda stream can come with flavor packets where you can make your own flavored sodas, which is really nice. but we also think, oh, let's make our own. it's a pineapple grapefruit syrup -- gerri: do i get to do this? >> yep, pour that in. wowr hour what's in here? >> pureed pine apple and the juice of two grapefruits. probably just a -- gerri: smalls yummy, all that pineapple. >> i know. but it has like a nice edge. the grapefruit gives it nice acidity. want to put those in for me? the peels?
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gerri: yes. okay, now this really smells good. >> here's our spoon, we'll give it a little stir -- gerri: how long? >> bring it up to a boil, sit for a bit, cool it, strain it, and we're going to get this. a lot more than this, but we just have a pretty one. you can have a taste. and if you want, that would be lovely with some either rum or vodka. gerri: that really tastes terrific. tell me about how much it costs to do this, and am i actually saving money? >> if you drink a lot of seltzer, you are going to save money. this is $100 initial investment, and if you drank a bottle of seltzer every day, you would save $be -- $300 a year. this is your vanity piece. joe jer company's coming. if you're interested in the soda recipe we just showed you, log on to gerriwillis.com. i can tell you, it was very, very good. we'll be right back with my two cents more and the answer to our question of the day, what should
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climate change protesters be today, wall street or the chinese embassy? you know what my business philosophy is, reynolds? no. not exactly. to attain success, one must project success. that's why we use fedex one rate. their flat rate shipping. exactly. it makes us look top-notch but we know it's affordable. [ garage door opening ] [ sighs ] honey, haven't i asked you to please use the -- we don't have a reception entrance. [ male announcer ] ship a pak via fedex express saver®
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because there is no expertise without collaboration. gerri: protesters flooding lower manhattan protesting the role of big business in the climate crisis, they say, but should they really be protesting on wall street or in front of the chinese embassy which is, of course, the biggest culprit of corporate pollution on the planet. 4% said wall street, 96% said the chinese embassy. log on to gerriwillis.com for our online question every weekday. and, well, from wall street to broadway, politics met broadway in what was an epic flop, and you paid for it. the play being referred to is climate change: the musical, a taxpayer-funded production that apparently wasn't any good. the show actually was entitled the great immensity. it opened a year late and had just 5% of the audience they expected. after a three week run in new york in the spring, the show launched a national tour last
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month. but after a single production in kansas city, the curtain came down for good. a really nice use of $700,000 in taxpayer dollars. and finally tonight, i guess when you're young, it's easy to be gullible. that's what i make of the global warming protests on wall street today. hey, you can blame wall street for a lot of things. they were responsible for emptying your 401(k) during the mortgage crisis, they contributed to the uneven playing field for small investors, but climate change? jeez? go talk to hu jintao, the head of the communist party, about that one. china is the biggest carbon dioxide polluter on the -- planet. in fact, china sends us their air pollution. that's right, mercury, carbon monoxide, nitrogen oxide, sulfur, it's a witch's brew of pollutants that travel around the globe ultimately hitting our shores. if you want somebody to blame,
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look east. that's it for my two cents' more. thanks for joining us. don't forget to dvr the show if you can't catch us live. we'll see you here tomorrow night. ♪ ♪ charles: so in case you missed it, what do you do you know? bad news was bad news today beginning with economic data out of china and existing home sales in the eyes, young people still not buying homes. now investors are not buying because the prices have rebounded so much from the bottom. and the market was hit hard but, still, it does not reflect the carnage that's occurring. the fed? they've been no help for 47% of nasdaq stocks and over 40% of russell 2000 stocks in bear markets. that doesn't mean these stocks are down a little. a bear market means these names are down over 20%, and that certainly doesn't fit the narrative that this has been an easy dart-throwing market. in fact, today the only stocks that were higher are all in the rumor mill.
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