tv After the Bell FOX Business September 24, 2014 4:00pm-5:01pm EDT
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there were a lot of winners. [closing bell ringing] liz: bells ring on wall street. both yahoo! and alibaba recovering by two to 3 1/2%. baba up three 1/3%. anybody started saying there a top there, hasn't happened. david: there was supposed to be death cross of russell 2000, when 50 day moving average crossed 200 day? that happened on monday. did go down yesterday and tuesday and monday. look at it today, it is sharing in the gains of this market. even better gains on the s&p. so all of the indices are up, be big-time on the dow jones and nasdaq particularly. we have a very busy day on very bullish day. "after the bell" starts right now. liz: you look at nearly every sector here, david. the internet stocks, semiconductors, pharmaceuticals,
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everything looks a lovely shade of green. so let's break down today's market action. we have centennial capital partners senior partner. he will tell us why he doesn't think this market is overvalued right now. we have robert luna, sure vest management ceo. with two picks he thinks to add to your portfolio that work perfectly with all the headlines swirling around. we begin as always on wednesday, todd horowitz on pits of cme. yet another rally. david: a horowitz rally. >> who keeps waiting for the sky to fall. >> if it is wednesday it is bubba day, got to be rally. happy new year too. liz: happy new year. >> any, you know we've got a rally. we're up to levels, 2000. this is a key spot in the s&p cash. we went down to 1980, which was a great support level that i didn't buy because i'm not a buyer. i'm only looking to sell as a
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trader. so 2000 i think a great level to sell. this is spectacular rally if you're looking to be on the bear side. it looks so good how could you not look into it. look at u.s. dollar. look at strength in the dollar right now. look what is going on now. five-year highs on the dollar, the fed wants to keep dollar lower, it is taking away interest from our commodities of the look at crop prices. corn, new contract lows every day. wheat, new contract lows every day, soybeans. nobody wants to buy our good because they're benchmarked defense against u.s. dollar. how will we get our gdp growth when our dollar skyrocketing from the depths ought of control. i see a good reason to sell. i'm a seller. david: robert, it is true the fed is trying to weaken the dollar trying to bring up inflation and failing missably to do. that talk about charles evans and what he said that moved this market to skyrocketing rates. he said i believe the biggest risk we face today is prematurely engineering
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restrictive monetary conditions. prematurely engineering. they have been engineering for the past five years. >> yeah. you know, i agree, david. but if you really look at the market right now we're in a secular bull market regardless how many people try to talk that down and there is really only two things out there that will end that right now. one is extreme overvaluations which we haven't reached quite yet. the second thing is rapid rise in interest rates that creates dislocations. when the market heard that today, one of the big risks was kind of minimized and that gave us a chance to rally today. liz: let me bring in curt. you don't think the market is overvalued right now. yesterday we had people, experts on, michael price of ever c.o.r.e. you could argue fully valued at 17. or byron wein, p-e ratios, 17, 18, apologies there. byron has been doing pretty well here but you don't think fairly valued means overvalued. so does it not mean that you
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have to really though pick specifics stocks at this point versus let me buy the whole market? >> i agree with that 100%. i think the market is probably fair valued but parts of the market are undervalued. an example of that would be like the financial sector. very much lagged the rest of the growth in the marketplace and really has an opportunity to create some true value for everyone. in that sector i really like again worth financial and i -- genworth financial and bank of america. the genworth financial got hit. long-term case losses they had were a bit more extreme than what people expected. they averaged 46 million in profits. went down to 6 million. the fear they would throw a bunch of money into reserves. doesn't look like that anymore. the stock traded 13 and change. it has a book value at 24. "barron's" says had a great article on think. that stock, if economic conditions are good, could move
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up 80% next three years. liz: you wouldn't buy it at the high. david: robert, talk about another stock. everybody is saying everything is overvalued right now, you can't buy a bargain. lincoln financial is interesting. trading eight times forward earnings yet it is a solid company. it does seem cheap, doesn't it? >> i mean i completely agree with your other guest. the financial sector in general is very undervalued right now and lincoln in particular at eight times earnings hard to say that is expensive, david. the stock right now is yielding 1.1%, not a great dividend payer but value is in their annuity business. a third of their business is variable annuities, fixed index annuities. what we're seeing with lincoln as price goes up the prices on rider and asset management fees is increasing. they have totally overhauled the business. you're seeing much less risk put into the business. at $15 billion market cap they make a great acquisition target for foreign bank to buy them. so we're excited about it.
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david: we heard about walmart getting into the banking business. remember how it used to be there was strict divide between commercial and financial banking. it was indoctrinated all of us this is the way things had to be until they got rid of glass-steagall in do you think we may be going back to that where banks get rid of commercial business to companies like walmart? >> i think there is potential. this is great headlines but in the long run i don't think it will gain much traction. there are people right now that is unbankable, that is the market green dot served. that is transition from that. any business green dot was doing before i think they will be doing now. not really a huge deal in our opinion i don't maybe. although a lot of people are walking into walmart and walmart makes things easy. suddenly walmart becomes systematically important. that could be the next systematically important company. todd, let me get to you in the pits of the cme. we got some interesting oil beta that made the energy markets rally but also made people feel
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that, that is tamped down for now. we're not expecting to see $150 oil per barrel. here we are at 92.99. intraday it moved higher. what does concern you, if not oil, tell me where you expect to see signs of the air leaking out of the bubble first? >> well, i think, you know, it is not in oil but oil itself was due a bounce. it has come down 17% since its high. certainly a little bit of a rally will not hurt. i look at companies like caterpillar. down, you know, almost down about 11% from its high. i look at john deere, made a yearly low. those are things that bother me. the problem i see is the real lack of growth, real lack of initiative by american companies to research and develop and put people really back to work. that is where i see the overall problems when i start to look at this. i see, look, we look at breadth of the market. we're making a lot more new lows
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than new highs. even though we're 1% away from a all-time high, stocks are making more new lows than new highs. advance-decliners are weak. that should be of concern. as investor you close your eyes you hope it keeps going up. as a trader i think there is way to take advantage of short side of the market. i see a deflationary scenario performing. i think that could be a jolt. i think the fed behind the curve what they're doing right now. liz: curt, todd, robert, love the spirited discussion. thank you so much. >> thank you. >> thank you liz: todd we'll check back with you in a few minutes after the s&p futures close. david: as you saw earlier in the week fears are rising as some investors with russell 2000 flashing what many consider to be a bearish omen, the death cross. but is it really as deadly to the markets as some traders say? liz: that is attractive. forget passwords. the a company developed new technology allowing you to unlock devices using very
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interesting part of your body. it is now working with banks to atms recognize that part of your body. we'll show you this new technology and speak with the ceo. david: the united states is not just targeting isis and its latest airstrikes. going after little-known al qaeda group. did the u.s. belief we were in imminent danger as that threat actually been removed or is it still with us? liz: regarding walmart getting into the banking and checking account business, we want to hear from you about that. can it succeed in banking? would you sign up at walmart? tweet us @fbnatb. we've got your answers coming up. ♪ [ male announcer ] once, there was a man
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sfx: ambient park noise,s crane engine, music begins.tform we asked people a question, how much money do you have in your pocket right now? i have $40, $53, $21, do you think the money in your pocket could make an impact on something as big as your retirement? not a chance. i don't think so. it's hard to imagine how something so small can help with something so big. but if you start putting that towards your retirement every week
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and let it grow over time, for twenty to thirty years, that retirement challenge sfx: crowd cheering might not seem so big after all. ♪ david: starz is getting a big boost on reports that the company is looking for a buyer. liz: the channel there. let's head back to nicole petallides on the floor of new york stock exchange on starz. >> oh, this is some interesting, interesting news. first let's start off with talking about rupert murdoch's 21st century fox, parent of the fox business network. look what happened with starz. what, the stock jumped and so what we're watching here, for starz, what we're looking at is pay tv. you're looking at cable.
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you're looking at subscribers. and there are reports that fox, 21st century fox as well as chris albrecht and his starz group and investment bankers met to discuss some possible deal. there is no deal yet. nothing even materialized from this but the reports say that it could be underway. that there could be something brewing. now don't forget a couple months ago fox dumped out of trying to pick up time warner. if they were to pick up starz, that would give them starz, on core movie channel, 56 million subscribers. original programing as well. would certainly add more muscle to the media giant. we'll continue to follow the story. meantime you saw the stock jumping. there is a look at 21st century fox with up arrow as well. this has a nice pop at the open and one we'll continue to follow. this will be very interesting. starz a great, great channel. it bringing on core along with it. david: thank you, nicole.
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thank you very much. liz: s&p futures closing in one minute and 11 seconds. let's head back to todd horowitz in pits of cme. down to the second here, todd. >> it es all good. probably close right near our highs. i think biggest thing to pay attention about tomorrow, it will be very quiet day. it is a jewish holiday. the volume will be extremely light and thin and markets will whip around. we're coming to end of a quarter. you could see some possible, quarterly marking. be cautious. if you're getting involved. it will be extremely thin. the news right now looks positive but watch 2,000 s&p cash and 2011. if we get through there we're probably going back to new highs again. me personally i will sell at 2,000 and 2011. happy new year. >> rosh hashanah and yom kippur or sell up there. something like that. >> that's right. david: write that one down. this week the russell 2000 experienced what is known as a death cross. this is a technical indicator
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some investors consider a sign a bear market right around the corner but our next guest is not among those investors. ryan dietrich said the so-called death cross is not always a bearish indicator. ryan, a lot of investors are afraid of it. is it just rumor, old wives tale or what? >> well, david, when you get down to it, has a really good name if nothing else. death cross gets exciting. when you go back in history, for instance the russell 2000 had a death cross right in september 2007. that was major peak. the only issue we see these death crosses every couple years and stats suggest they really aren't that bearish. now the opposite of the death cross is a called a golden cross. when the 50 day comes above 200 day. that is bullish signal. what happens after about a month, you see underperformance after a death cross but once you get three to six months where there is considered bigger term change in trend signal, it is
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outperformance after a death cross versus bullish golden cross. yes, there could be a big selloff after this. not saying there can't be but history says don't panic on death cross. david: russell 2000 was up a little bit today. not significantly. not nearly enough to wipe out losses. the last time we saw this, correct me if i'm wrong, july 2012, when we saw this death cross and it did not lead to a selloff of the russell 2000 afterwards, right? >> no, that is exactly correct. it didn't. what we did see actually within five days the market dropped 7%. in 2008, we had another death cross, five days later we dropped 8%, russell did. there is some near term drops recently. look what we have in the last, i know we bounced today but had a pretty big sell past two days after that happened. that is history. you get out longer term it is not as bearish. one thing i still like is the 200-day moving average on russell 2000, nice big trend line. it is still pointing higher. not by much.
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my work says when that rolls over that is when you start to worry. death cross is concerned but 200 day, that is foot in the right direction for small caps. david: put aside for a second the death cross thing and just look at the drop of the small caps. that has got to be a concern in and of itself, no? >> you know it is. again we've been talking about small cap weakness since march for six months. we have been hanging tough. what is everyone saying? guest before me, breadth is weak, breadth is weak because mainly small caps are weak. u.s. dollar is so strong. a lot of commodities are weak also. it is a concern, yes. i wouldn't go out and sell everything, what have we seen? little bitty pullbacks like last couple days, everyone gets panicked whether it be the death cross or whether what is happening in europe, economy, inflation. we go higher. david: why do you think that small caps have been going down so much more significantly than the large caps? >> absolutely. well, small caps led for 13 years, from almost 2001 until
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this past march they led for 13 years. things don't always lead. i think potentially is a major change in trend this past spring when it came to small caps and now we're finally up after 13 years starting to see big caps are playing catch up you could say or start leading on relative basis. these things happen in cycles. we're only six months into small caps underperforming. we could have potentially years of small caps underperforming. it isn't not end of the year. most of the '90s we saw big caps leading, small caps underperform. most people have positive memories of the '90s. david: '90s were good. let's hope for small cap sake they don't suffer for years or months. ryan dietrich. good stuff. liz? liz: david, president obama takes the stage at the united nations and calls for a united front against extremism. we'll bring you details of his speech and the latest on u.s.-led air campaign against terrorists in syria and iraq.
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it could change the face of the entire banking industry. we'll talk to the ceo of behind head turning technology that could make your banking transactions much more secure using one part of your body. the nation's largest retail targeting one of this country's biggest industries with major new announcement today. all the names involved and details when we come back, stay tuned. ♪ "hello. you can go ahead and put your bag right here." "have a nice flight." ♪ music plays
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as we mentioned walmart planning to offer low-cost checking accounts. the nation's largest retailer teaming up with green dot to supply check accounts to nearly anybody over 18 years old who passes an i.d. check. general motors expects its sales in china this year to top 3.million vehicles. listen, they were into china so early the company said it sees no impact on business from an antimonopoly probe of the entire industry. samsung lawnping a beg new big screen phone before apple's iphone is released there. the galaxy note 4 will go on sale in china and south korea by end of this month. deloitte says sales will rise this year. to $986 billion. last year holiday sales rose 2.8% year-over-year. 43% of companies suffered a data breach the past year. according to an an all report. that is up 10% from the previous
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year. and is today's "speed read." [buzzer] david: we may have a way to avoid breaches later in the hour. in a speech to the u.n. general assembly president obama urged more u.s. allies to join the fight against isis two days after his administration acknowledged another terrorist group was hit in syria after it appeared to be setting a attack against the u.s. homeland. liz: we have catherine herridge live from d.c. and rich edson from the white house. want to start with rich. what is the latest here? >> good afternoon, david and liz. president obama continuing meetings in the united nations, chairing a meeting of the u.n. security council where those member-states pledged to combat violent extremism. the president talking a lot about coalition building. having the united states not appear to act unilaterally in the middle east. accomplishing a lot over the last few days by getting five arab nations to come on board and join the u.s. military in
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airstrikes against isis. president obama addressing the full general brem sy earlier today and stressing international cooperation. >> we will neither tolerate terrorist safe havens or nor act as an occupying power. we will take action against threats to our security and our allies. while building an architecture of counterterrorism cooperation. >> the president also meeting with iraqi prime. of that meeting administration officials say they discuss ad broad buy-in for the region trying to get more on board with this fight against isis. meanwhile air at attacks continue in iraq an syria. using mixed attack and bomber aircraft. bringing total to 200 air at tracks in iraq and 20 in syria. the jordanians conducting airstrike against isis in syria earlier today. all of that according to the administration.
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back to you. david: rich edson at the white house. thank you very much. liz: the u.s. military also hit an offshoot of al qaeda. it is called the khorasan group. that happened this week. david: fox news's catherine herridge has a lot more how much of a threat this group was posing to the u.s. catherine, was it imminent or what? >> well, david fox news obtained this five-page bulletin from fbi and homeland security that warns the air campaign diminished likelihood of successful attack from foreign terrorist groups but increases risk from lone wolf sympathizers in the u.s. and bulletin reads in part, quote, we believe these strikes will contribute to homegrown violent extremists broader grievances about u.s. military involvement in predominantly muslim land possibly motivating homeland attacks. a u.s. official it isushin al-ff this khorasan leadership who had personal relationship with usama bin laden may been killed adding that the plot was more complex
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than a a single bomb on a jet. more like series of attacks like saw on 9/11 is trademark of bin laden's inner circle. >> they would use a simultaneous attack, use different methods. some bombings, shootings, beheadings is characteristic of an al qaeda attack. >> attorney general eric holder today telling yahoo! news they knew about the khorasan group within the national security coins civil and specifically the president as far as back as two years ago. this begs the question why they waited two years to act on a group clearly with ties to bin laden's inner circle, david. david: catherine herridge thank you very much. >> you're welcome. david: forget pins and cards. what if you could use your face to access your account at atms. no comment, austin. may come to a bank near you thanks to a tech company. we'll explore the technology and talk to the ceo next.
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liz: move over shake shack and bear burgers. there is a player in town spreading so quickly across the country, seeing sales double in the last year. ceo of burger fy. have you heard of this? he joins us next. david: i'm smelling it. baseball ledge enderek jeter gets ready to hang up his mitt. we'll break down astounding fact about his huge money making career. nobody has been there like had. ♪ she's still the one for you.
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ok, last quarter... it's how edward jones makes sense of investing. ♪ liz: legendary baseball player derek jeter hangs up his mitt this weekend. he plays last home game tomorrow. final game on sunday. he was not just a great baseball player. he was a money machine. in his first full season, his salary? 130,000. in 2010 he made a career-high of $22.6 million. currently his salary, $12 million. during his career jeter made some 265 million but that is just from baseball alone. can you imagine the endorsements? as of noon today, jeter will have played 2901 games. that means he made more than 91,000 per game he played. some 20,000 per plate appearance. he wasn't just making money on
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the field as we mentioned. also bringing big bucks off the field. according to estimates from june of this year, jeter made nine million annually from endorsements, more than any other baseball player. some of his biggest endorsements include nike, gatorade and movado watches. his number two baseball jersey, best-selling jersey of all time. tickets to the last home game here in new york are selling for an average of $845 apiece, with the most expensive seat valued more than $15,000, david. david: i had to pass one up. i was offered one. i have to pass one up. you have your duties. you stick by what you promise to do. with hackings becoming more frequent, people question whether password alone are enough to protect their credit card numbers and personal information. liz: we know since how many hackings occurred how about getting rid of pin numbers and things you remember, atm cards?
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instead use facial recognition technology the next time you try to take cash out of the bank? could that be the safest way to protect yourself. the ceo behind this technology hoyos labs, hector hoyos. my first thought, what if you have a twin and look exactly how good is the technology? >> in case after twin and irises in twins are different. so, you know, it, it will also address the issue of twins. david: i'm on tv a lot. what about somebody just taking a bunch of those tv appearances and putting together a composite based on that? >> we have technology is part of what we develop is likeness, likeness signature. the likeness signature if somebody take as video of you and put in front of the phone and application to spoof it they won't be able to do that, your life signature is unique to you. my signature will be a smile followed by a wink. it is something only known to
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you. and it is unique to you. in addition to that we have additional more sophisticated technology, photonics for example. we analyze light particles as they reflect off your cornea, the way light particles reflect off paper and video screens than the way they reflect from the human skin or cornea which lets us know it is not you. there are many defenses to protecting technology and user. >> straight out of mission impossible, the more recent ones, not the tv show. this is so science fix. who is using it? where is it being rolled out right now? >> we're rolling out in europe with a major bank in europe next few months will have eight million customers utilizing it. in the united states we're working with some major institutions and finding field trials and deployments. it is very easy, as you may have seen from the video you your crew shot earlier. it is convenient and easy. the name of the game is convenience. you may have the best technology in the world but, if it is not
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easy to use for the consumers they're not going to use it. so convenience has to be paramount along with security. the problem until now was, either the technologies that were being deployed were very difficult for consumers to utilize. so the emphasize was on security not on convenience and defeated purpose this technology is the first technology that comes together does not sacrifice either convenience or security at the expense of each other. david: by the way, you're not only businessman, you invented a lot of this technology. you have several dozen patents involved in all this stuff. weren't you at one point using some of this technology to identify the bad guys in war zone? >> that's correct. david: so it could work both ways this technology. we're focusing on banks but also could be used as recognition for police forces and things like that? >> we have an application we launch next year called needle in a haystack. that will allow every american wants to voluntary activate app on phone take a picture of someone suspicious and he can track their biometrics, feed
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that to terrorism threat center for analysis. liz: european banks are ahead of us in a lot of ways with chips in credit cards and facial recognition. we'll see if it comes here. thank you, hector. david: you can't mention banks but you are talking to banks here, right? >> we have american banks. i hope they move fast an can't have my wife losing her atm cards and pulling mine out of the wallet. david: as soon as you get one of those contracts come back to see us. we love to stay updated on this. >> thank you. david: appreciate it. hector. liz: it is hottest thing in burger business right now. could record beef prices take the heat out of better burger craze? it is different from fast-food. it is a fascinating subsector growing exponentially. we talked to one of the fastest burger chain ceos, burgerfi. he bought food and awesome story as well. david: google executive chairman eric schmidt could not hold back
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frustration on fox business when he blasted the federal government what he called its stupiddist policy. what policy would that be? we'll tell you in a moment. ♪ [ hoof beats ] i wish... please, please, please, please, please. [ male announcer ] the wish we wish above all...is health. so we quit selling cigarettes in our cvs pharmacies.
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and you...rent from national. because only national lets you choose any car in the aisle... and go. and only national is ranked highest in car rental customer satisfaction by j.d. power. (aaron) purrrfect. (vo) meee-ow, business pro. meee-ow. go national. go like a pro. david: this morning on ring on
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"opening bell," fox business bartiromo sat down with google eric smith to talk about capital spending and growth in the tech sector. when the conversation turned toward global innovation the google executive took a strong stance on one issue, immigration. he was unable to hide frustration with d.c. policies. take a listen. >> immigration is one of the stupidest policy ever invented in america and long list of candidates. take smartest people of the world. put them in the best universities in the world. give them a degree and kick them out to another country where they create a company that competes with american firms. where is the justice in that. david: schmidt says the u.s. is ahead in global innovation race thanks to top tier universities. we're losing students after they graduate because the nation's immigration policies. doesn't seem to make sense. liz? liz: david, move over shake shack. there is another burger player in town that may be a little smaller right now but it is making major strides in taking the bite out of the better
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burger market. yeah, there is now a segment. called the better burger segment. it is continuing to grow despite beef prices recently hitting record highs. what makes this particular burger restaurant different from the rest and where will it expand next? joining me now, burke hefy ceo. i have been to the one on third avenue. it is amazing. mr. is bear burger, shake shack, some others. you guys do it a little bit differently. talk to our people what burgerfi is. >> well, burgerfi is one of the fastest growing restaurant concepts in the nation. and we are a leader in the better burger space. we concentrate on fresh, quality food in convenient and affordable environment. to us, it is very important that families have a great experience in our restaurants where we play fun music, have free wi-fi, and
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first and foremost, know that they're eating really quality food that, you know, such as, our 100% natural angus burgers with 28 different toppings where they can choose from. we have a variety of hot dogs like our kobe beef hot dog. liz: stop there. a kobe beef hot dog. unbelievable. so you really bringing in people who want a better experience. i would imagine that the per ticket is probably a little more expensive on the price point. when somebody walks in, how much poorer do they walk out of burgerfi? >> our price point is between eight and $12 for a meal. but what people are getting is fresh, clean, quality food. you know, when you go to a fast-food restaurant these days, you're sacrificing quality in the name of speed. what burgerfi does it combines the best of quick service and casual dining to create a better
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experience that bring best of both worlds. liz: your growth has doubled. here is how popular it has become. it is in 21 states. it will be in 27 states next year. you have about 57 restaurants. who is buying these franchises? because they're not cheap. anywhere from half a million to million dollars to get it up and running. who are your franchisees? >> our franchisees amazing operators. comprise people with restaurant experience. we have professional athletes. we have wall street financiers who come on board because they believe. liz: which professional athletes? >> for example, we have mike miller, who is currently playing for the cleveland cavaliers, having played two seasons for the miami heat. won two world championships. >> see, david, cleveland. >> booing. liz: that is my team by the way. >> you probably win the world championship this year. liz: from your mouth. let's talk about what it takes to really get up and running on one of these things? what is the true success behind
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that franchise model right now, at a time i might add, where the government is smacking some regulations on franchisees? i guess the parent companies of franchisees. >> burgerfi's success comes from, you know, having a concept that works from every level. from the, from the buildout, site selection, the menu, and really the incredible food that we have because, that is what drives customers. that is what drives families to our restaurant. for example, we have a breakfast all-day burger. like breakfast on a bubble. this breakfast all day burger, this one right here. this 100% natural angus patty. it has a hash brown, carmellized on ones, ketchup, bacon, cheese. got everything you possibly want. people go crazy over is our vegefi burger. our burger is item we make from
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scratch every morning. it is kenya based. it is filled, loaded with raw vegetables. when i was in training i was blown away to find out the lentils have to be cooked aldente. this is something you don't see in a fast casual experience. burgerfi goes to that extra level to insure that our customers are, our guests -- liz: aldente lentils. as we finish up, i was just at jfk. shake shack is all over jfk and airport. where are your next big operations? i know you struck a deal with the miami dolphins to be serving in their arena. what are other non-traditional arenas you look into? >> we opened up at miami dolphins stadium a few weeks ago. the fans are going crazy for our food there. we'll be in the fort lauderdale airport when the new terminal opens. we're looking at other arenas and stadiums. we believe that quality does not have to sacrifice speed. liz: can you open one in my house? >> we will have chef paul
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griffin come over on saturday, to cook for you. liz: you know he hesitated. that is a good businessman. we'll figure out a way. cory, good luck to you. >> thank you very much. >> burgerfi. hope one comes to a place near you. it is that good, david. david: just in time for somebody's birthday, liz? liz: yeah. david: killing the ebola virus, getting serious here, cutting-edge tech from the midwest could be a key weapon in the fight against ebola in west africa. we'll go to chicago to find out exactly how it works and which company benefits. the navy's new society den -- poe sigh den submarine hunter could get some help. one defense contractor is involved. details when we go "off the desk." >> i'm gerri willis. coming up on my show at top of the hour, sick of high bank fees? walmart feels your pain and will offer the cheapest checking account around, but would you bank at walmart? that is one of our big consume
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outbreak is contained. one unlikely startup from the midwest may spearhead the fight for a cure. david: fox news's mike tobin has more. mike? >> hello, guys. the difficulty dealing with ebola it spreads all around the hospital when a patient is brought in for treatment. health care acquired infection or hai, as they call it, is significant risk. essentially that is what happened to the american doctor and american volunteer who picked up ebola working at a hospital in liberia. from all the coughing and discharges the virus gets all over patient and surfaces which they come in contact. so the entire room needs to be cleaned. >> the challenge is getting all the virus out and not getting infected in the process. so, you know, you can send people in to try to clean up all of the surfaces. but, you know, i'm sure you have cleaned your basement or cleaned your kitchen or whatever, and there is always little bits left on the surface.
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>> a midwest company is engaging the fight and sending over one much their surfaceside systems to sierra leone. they use lasers to measure room and find obstacles like furniture. they bombard the room with ultraviolet energy which kills virus and energy and spores. it eliminates shadows which a virus could hide so the room gets sterilized. >> we're working with the government of sierra leone. we'll send and we'll donate a system to them. we believe that one of the things we can help with is protect the health care workers and the volunteers. >> now there are 40 of these units being used across the united states to sterilize operating rooms. it is a different situation in africa. sierra leone in particular. the centers for disease control estimates by the end of the month there will be 8,000 ebola cases in that country alone and the number is expected to double
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every 30 to 40 days. guys, back to you. liz: mike tobin, thank you very, very much. david: robots, seems like we do a lot of robot stories these days, floating robots could watch the world's oceans after boeing inks a multiyear deal with a silicon valley drone maker. liz: one country celebrating a major milestone after becoming the first developing nation to reach the orbit of mars. can you guess who did it? the answer next. ♪ [ male announcer ] automotive innovation starts... right here. with a control pad that can read your handwriting, a wide-screen multimedia center, and a head-up display for enhanced driver focus. all inside a newly redesigned cabin
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of unrivaled style and comfort. ♪ the all-new c-class. at the very touch point of performance and innovation. ♪ at the very touch point of performance and innovation. ow... my scalp hurts. my hair hurts. this is what it can be like to have shingles. a painful, blistering, rash. look at me. she's embarrassed by the way she looks. if you had chickenpox, the shingles virus is already inside you. 1 in 3 people will get shingles in their lifetime. as you get older, your immune system weakens and it loses its ability to keep the shingles virus in check. well i had to go to the eye doctor last week and i have to go back today. the doctor's worried its so close to her eye. the shingles rash can last up to 30 days.
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it hurts. it's hard. don't wait until you someone you love develops shingles. talk to your doctor or pharmacist about your risk. whenwork with equity experts who work with regional experts who work with portfolio management experts that's when expertise happens. mfs. because there is no expertise without collaboration. >> let's go off the desk.
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boeing inked a deal with liquid robotics to make robots for ocean surveillance. they will be used for number of anythings detecting drug traffickers and hunting foreign submarines. the sv-3, is 300,000-dollar sea faring robot. mostly it was used by researchers in the maritime industry. boeing, the world's second largest defense contractor wants the defense department to use with drones to work with surveillance aircraft and ships. david: that is pretty cool. also "off the desk," india celebrating a major milestone today becoming the first developing country to reach the orbit of mars. on its very first try india's spacecraft launch in november last year reached the red planet's orbit early this morning this is the extraordinary thing. guess how much it cost, liz? less than the production of the film gravity. >> come on. david: the indian mars mission cost 74 million bucks. the movie cost 100 million to make. the spacecraft is expected to
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last six months before it runs out of fuel. cop gratlations that is quite an achievement. >> we asked you on facebook and twitter do you think walmart can become a bank? can they succeed in the banking business? shannon on facebook says everything they touch does seem to succeed. david: dan on twitter chiming in pretty similar. i won't participate in walmart's banking system. i think it will succeed. all about convenience, banking shopping all in one. liz: number two thing to watch tomorrow, durable goods. economists expect orders for long-lasting manufactured goods to plummet 18% in august. that is not good news after posting their biggest gain of 22.6% in july. a breather here. excluding aircraft and other transportation equipment, orders expected to rise .7 of a percent. david: number one thing will be weekly jobless claims. number of americans filing for first time unemployment benefits to drop by 15,000 to 300,000. but remember tomorrow is a holiday.
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so a lot of things can happen. some traders with a lot of money in the market because of low volume could change things very dramatically. watch out for that. liz: happy new career to our jewish friends. "the willis report" is next. gerri: i'm gerri willis. coming up today on the show, should your iphone do this? the flexibility just one of the many problems facing apple tonight. we'll have the latest. also the biggest soda makers promising to cut calories as the nanny state targets the pop industry. you heard reporters and economists talking about the economic recovery but are you feeling recovered? is it all real? "the willis report" where consumers are our business starts right now. gerri: the world's biggest retailer, wants to be your bank. walmart, partnering with green dot to offer consumers mobile checking accounts with a debit card. and there will be no
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