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tv   After the Bell  FOX Business  October 3, 2014 4:00pm-5:01pm EDT

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close. [closing bell ringing] david: bells are ringing on wall street ending the day and week of trading. tekmira way up again. double-digit play on the ebola play. look at all the indices, liz. they're all in positive territory. we should mention by the way, for the week, all of the indices are still down. we see green arrows, big green arrows all across the board but again it is still down for the week. we don't want to discount what happened today. a big comeback. liz mentioned the jobs report. the jobs report was very good in terms of unemployment coming down. still there were enough questions to lead traders to believe the fed would not raise interest rates too soon. kind of best of both worlds. liz: here is what we see. the dow jones industrials up 207. s&p better by 21, close to the highs of the session. russell, still though in correction territory, at least when you look at numbers here. we're at 1104. doesn't bring it to positive territory. so much to talk about this friday. "after the bell" starts right now.
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david: let's talk to mark chadwick. yes there are still bears out there. mark luschini, janney chief investment strategist. he thinks the equities are the asset class of choice. trent wagner in the pits of cme. trent, i want to start with you. i mentioned commodities were getting hit as the dollar continued to increase dramatically. is there a downside to the dollar getting as strong as it's been? >> it remains to be seen. overall for the market the strong dollar will equal prevailing thought, better here in the u.s. than other places. i don't see that narrative changing anytime soon. look at central banking policy. we have qe program getting ready to be wrapped up this month. other major economies
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essentially scaling up for another round. this is something that will not change in my opinion. i don't think it is, there is more benefit to this than not. outside of commodity sector. but you know what? we're seeing in s&p, we'll close near the highs of the day. this 4 to 6% type of move down, it is really been the blueprint over last couple years. it has been proven a buy is the right thing to do, if you get that type of a move down. liz: mike chadwick doesn't see the benefit as reality. mike, you feel the fed propped this up. that is not a new concept. we heard that before from some guests. let me play devil's advocate here. so what? the fact is, in the last hour, for example, are companies that are doing very well. we had gamestop, their sales of playstation and xbox one, up 70%, from the last time these guys came out with new, different kind of gaming consoles. do you think that's fed related? >> no. each company is different.
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some companies are killing it out there. they're doing really well. there is exponential revenue growth, earnings growth as you pointed out but i think if you look at the market as a whole, the patient has been on morphine, on qe. as trent pointed out, we're winding down. i think this will be important month. last month of qe. how will the patient behave moving forward? as he pointed out, foreign governments are ramping up qe programs to be even bigger. the question we have to ask yourselves is this, over the last few years where would we be had qe not existed? great question. david: we'll certainly find out soon enough. mark, i i want to talk about the jobs data. it seemed to be in the perfect zone between not too good but good enough. anthony scaramucci sent us an email later today. he says there is little to no wage growth in the data. very important point for anthony to make. still jobs have been added. this is a net positive but not positive enough to push the fed into a move.
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a great environment for stocks and bonds. he was right today. will he be right next week? >> well, dave, i think it is a good point. it is kind of this goldilocks scenario. the number for everybody today, 248,000 jobs, a strong number. certainly the revisions to july and august are helpful as well, keeps the average growth rate of jobs on a monthly basis this year well north of 200,000 per, but when you look inside of the numbers and see flat month over month wage growth, still up 2% year-over-year but flat month to month. encouragingly, hours worked extended, the work week did. the fact we having a a gait job growth, wage growth collectively has expanded somewhat. so that is encouraging for the economy and to your point it does leave a little bit of dissatisfaction r to not seeing that kind of wage growth in combination with job growth that would be elixer for a much
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better economic climate as consequence. i think the fed waits to collect more data. liz: let me go back to mike. tell you something, at this network we're very much interested in people maintaining growth or creating wealth or maintaining wealth. we're not a day trading network. that does nobody any good. if in your perspective we see how the tide goes out naked people really look to quote warren buffett, where would you put your money? where are areas that you feel would do well no matter what? >> that's a great question. i things today are dangerous, dangerous as i never seen before. if you look at this conversation we're having, everything is revolving around fed policy. people are not talking about valuations. valuations are high by any metric. liz: no, no. heat me just clarify. they're high for recent history but historically they're lingering what appears to be fully priced. >> i think fully priced is being kind. so to your point, where do you
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put money? i tell people listen, at these levels you have to be very cautious. what i would suggest have some cash. when deploy assets be well-diversified. i would especially avoid what i consider to be the very bublicious areas. things like social media, biotech, small caps. these things are really high by any metric. that is reasonable. liz: with the fed on that. david: i like bubblicious instead of high alpha. trent, what about traders down cme what do they see futures of fed moves as a result of jobs numbers today? >> even though we're wrapping up qe and i think jobs numbers today, they're certainly a mixed bag of information in there, but i think it was, more good than bad so to speak. i think that is narrative we're seeing with the u.s. in general. as i mentioned earlier. the fact of the matter things in the u.s. are better than a lot of other places. if you look what we saw with the recent weakness in the equity markets here, it was mostly attributed to weakness in
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foreign equity markets. we would have china down big in the overnight. and geopolitical risk. but at end of the day, today's report, i think confirmed a lot of what many people were thinking, is that the u.s. is the best alternative right now tore people seeking to return yield on their investments. so, i am not saying that things are perfect in the economy. i would agree with mike. the fed is certainly backstopped this entire move we've seen to the upside but i don't see that going away. even though we're wrapping up qe, i think they will be very clear in any future communication if they need to, they will do whatever is necessary to not let what happened a few years ago happen again. david: janet has been clear on that. janet yellen isn't going to change fed policy. >> i agree. for that reason i think equities here in the u.s. is where you have to be if you're looking to get relative value over at the other asset classes. >> guess what? mark has three of them, three. you love emc you really like conocophillips. you really like citigroup.
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i know with conoco you have a decent dividend there but what are you looking for when you recommend stocks like this? >> valuation support would be one area, liz. we're looking for sectors that look relatively attractive compared to their other sector peers in the market as large. tech represents one and financial and energetic larly with the decline in oil prices and again dividends where we can find them or something we think is going to be important for a lot of investors, not just those seeking income but as total return component to overall investor portfolio. so the common much these three names is sectors that have typically done well as fed monetary policy shifts from accommodation and loosening to still highly accommodative but tightening monetary policy. that is still aways off in our view, most likely third quarter of 2015 in the earliest. in this transition period those sectors stand to do the best. david: mark, mike chadwick, great to see you.
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have a wonderful weekend. trent, we're not threw with you. we'll see you in a couple minutes when the s&p futures close. liz: get to jpmorgan. jpmorgan, bombshell announcement, not only did it sufficient a data breach, it was a massive data breach. sent shares of most cybersecurity stocks, higher. david: what do you think? millions of people, 67 million households, something like 76 million individuals have an account at chase. who has the upper hand, banks or hackers? would you switch banks if you suffered an attack? message us facebook.com/afterthebell. your answers coming up. liz: the first ebola case to be diagnosed here in the u.s. raises questions about international air travel. what is the cdc telling airlines? what are they doing to protect passengers? david: a lot of mixed messages going on here. meanwhile jobs growth rebounded last month with payrolls growing at the fastest pace since june of the we talk to three business leaders whether they are hiring right now to get an inside look
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at the jobs picture right here in the u.s. liz: take a look. the live shot from the streets of hong kong between protesters and the government. discussions we know broke down but, guess what? now there is rising violence. right now it looks pretty calm but there has been reports of skirmishes. how far will it escalate? we speak with somebody who was at the teen men square up rising in 1989 that turned deadly -- tianamen square. could this one? ♪ how much money do you have in your pocket right now?
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david: drugmaker tekmira pharmaceuticals is going higher posting huge gains. liz: we know why. that is related to ebola that scared those. nicole petallides on floor of new york stock exchange. >> you're talking about lives lost but there is reaction here in our stock market here at home. in this case we're talking about tekmira. tekmira pharmaceuticals has a drug that has been used to treat ebola. it wasn't originally for that but they got a quick rush-through by fda to move forward with the treatment and served very well for the stock. it was up 16% today. this week up 30 6%. how about in the last three months? because it really has been a story that has been over the last few weeks? this stock over three months is up 120%. biotech stocks, a few of the names, as they're working on vaccine. so there are drugs to treat it but there are vaccines to try to
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prevent it in the first place. we'll continue to follow the stories and all of them related to ebola. liz: mike chadwick said don't go into biotechs. they're too crazy. david: the whole world is coming together on this as afraid i am of this virus i think we'll lick it. nicole, have a good weekend. >> will you buy a $1200 suit? that is what is up next. david: i'm wearing it. >> nicole, thank you. don't get him started. s&p futures are closing. let's head back to trent wagner in the pits of cme. we're about 30 seconds away here trent? >> i'm sorry, yes we are, we're 30 seconds away. we're still closing near the highs of the day. of the last bid is under 1960, liz. the price action last two days, maybe even more questioned yesterday i think indicates we have more gains to come into next week. anytime we see the market move down, pare losses.
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we're down on the day yesterday, negligibly so. that is recipe for further feigns to come. i expect the market to move higher as we move into next week. liz: listen. the bulls would love that. trent, have a great weekend. david: thanks, trent. that massive data breach at jpmorgan impacted 76 million households and seven million small businesses. customers names, address, phone numbers, emails were all taken. liz: what can jpmorgan and other businesses do to fight cybercrime which is just seems to be getting worse and to keep your customer information safe? joining us now, cory thomas, rapid seven ceo and president. this is your bailiwick. this is your area, cory. what do we all need to do? but let's start with the businesses and, i know you don't speak for jpmorgan but what does every business really need to start doing here? >> well, jpmorgan hasn't released a lot of information yet but what we find typically in these scenarios businesses are under pressure to do two things. one, empower their employees and
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two, at the same time deliver faster, better service to the customer. businesses have to improve on the ability to detect attacks in their own environment. i don't know the state of jpmorgan investments but that is the thing every business has to be focused on, improve their detection and investigation capabilities. david: cory, what concerned me the most, "wall street journal" account of this. i will read from the journal. the attack on jpmorgan went unnoticed two months this summer, according to people familiar with the matter, between mid-june and mid-august, hackers breached jpmorgan servers, short intervals an hour at a time. that allowed hackers to get in and out of quick. for two months it went unnoticed. to me that is what is saying the hackers may have the upper hand here? >> the hackers definitely have the upper hand there is more of them. there is increasingly supply of hackers around the world. and lots of businesses are focused on protection. until businesses having resources and priority in the boardrooms to focus on detecting
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these attacks they will continue to have the upper hand. liz: here is why people are listening to you. you not only have harvard mba but got your degree in electrical engineering and computer science from vanderbilt. if jamie dimon or any bank leader or any business were sitting in front of you saying, what is the first thing i need to do? technically what is that? >> so, technically, it is not just a technology solution unfortunately. the thing i would tell all of them, they actually need to review their practices and they need to start with putting in place security programs that are part of their core business priority and part of their core technology infrastructure. now, i don't know the details of the jpmorgan case. i know they have started that process but every business need to look at their security programs as a core part of their business and not afterthought to their business. david: by the way, nasdaq, back in 2011, nasdaq had a nasty hacking attack and it was traced back to russia. >> they did, i'm sure you remember. i don't know if our viewers do. >> i do.
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david: i don't know if there were direct government connections or not but considering what putin's been up to and considering what china's done in the past, i'm wondering if there are government connections to these hack attacks? >> for this case it is speculation. we do know that what we find is that, in areas of parts of russia, ukraine, that lots of cyber attacks originate from those locations and cybercrime is on the rise in those locations because poor population has high act es to technology and cybercrime as a way to wealth. we have to combat that by focusing our own priorities on that. liz: cory, are smartphones to blame too? many people are carrying them. the companies allow to you access company emails from them. you lose it, somebody gettings phone, they hack it, how much of an issue is that? >> i would say the weakest quote, network for any emcompany are employee and user.
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employee is primary driver of for any institution and at the same time most susceptible to attack and they're frankly not focused on company security. they should network centric to user centric and focus on employee and user how to educate an protect them. david: that is very good advice. thank you very much. cory thomas on the case, thank you. rapid 7 ceo and president. join the conversation. who has the upper hand? cory said the hackers do, banks or hackers. would you leave your bank if it was attacks the way jpmorgan chase was? send us message on facebook. your answers coming up. liz: taking brand new precautions to protect passengers. we find out what advice airlines are now getting from the cdc and whether it is safe for to you fly internationally? david: on wall street giving two thumps up to today's jobs report. what is really happening on the ground in this labor market? are companies ramping up hiring?
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who are they hiring? what kind of employees? we asked three leading job creators about their hiring plans. liz: cashing in on the mobile gaming explosion. we have the ceo of a start up that says it is the first company to allow mobile gamers compete inside their favorite game? a way to get cash prizes and compete against others of the so they partner with your favorite gaming companies and give you prices? we like that. he is coming up. ♪ ♪ mr. daniels. mr. daniels. look at this. what's this? clicks are off the charts. yeah. yoshi, we're back. yes, sir! ♪ more shipping! more shipping!
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>> we created more jobs in the united states than europe, japan and all the advanced economies combined. we're moving in that right
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direction. david: moving in the right direction. that was u.s. labor secretary tom perez on "countdown to the closing bell" in the past hour with optimistic outlook on economy. the markets were happy with the news but still enough negatives in the jobs data to keep the fed pumping money. that's why wall street was so happy. so what does this all mean to the folks on the ground who are creating new jobs? joining me, three members of the job creators network. doug howe, mansfield energy chairman and ceo. we have the 42 holdings founder and president, john slavic, slavic group founder and president. gentlemen, thanks very much for creating the jobs. we need you all. john, my first question, are you hiring? >> yes we are. david we hired considerably this year in anticipation of what we're beginning to see now unfold in the economy. david: okay. >> we'll be adding several more positions in the next few weeks. david: you saw it coming. steven, are you hiring? >> yes, sir, we are. emphatically we're hiring.
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we're very excited to at least bring on 40 to 50 new people within 2014. david: good stuff. what kind of people by the way? what kind of employees? >> we're looking in our resource, college hunks and hauling junk and moving franchise system, we're excited to hire right out of high school, individuals out of college. we're looking for young energetic person wants to start their live and get things rolling. david: that's wonderful news to a lot of parents by the way who have the young people without jobs living at home. doug, are you hiring? >> yes, we are. we have 25 to 30 open positions today. we hope to hire about 75 next year. we've hired between 75 and 100 actually, every year since 2007. so we've been able to push right there. we're exciting that the economy now is giving us a little bit of tailwind versus headwind we pushed through the last few years. david: good. what kind of people are you hiring? what kind of positions? >> these positions are everything from project
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management, logistic, seas, customer service, engineering. i mean it's up and down the entire organization. so we need skillsets of all ranges, predominantly everything from new college grads. we brought in our latest academy graduates we recruit off campus from 230 different campuses around the country, to experienced hires with four or five years of experience. we also need some senior positions with much more experience than that. david: right. so all across the board. that is great news. so, steven, we have good news on the jobs front then. obviously good news for wall street. traders are lighting cigars with $100 bills out there, things are going so well in the market. why do most americans have such a grim view of the economy. >> no. most americans do have a grim view of the economy because this is what is really happening. we have right now, we have a rage against the franchising industry which is coming from the national labor relations board, trying to crack down on making employers and employees
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under the same realm when it comes to franchising and franchisees and franchisors, which could possibly devastate the franchise industry which is the one industry that is producing majority of these jobs. david: by the way, before you go further, let me mention, it was a decision by the nlrb, national labor relations board, a lot of people say become -- >> i have trouble with that too. david: they have been a rubberstamp for unions in many cases but against mcdonald's. go ahead. >> it was against mcdonald's. the last try for the unions as they, begin to fall apart. it is their last effort, their last-ditch effort to gain some momentum and gain more control. but it is devastating because franchise industry is one industry that is, employing and actively recruiting new people. it is one of the the biggest employment agencies in the country. this type of, this type of thought process or this type of inconsideration for people in
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general could devastate the job market. i'm not sure if the government agencies are really thinking about that. david: john, this is the first recession in my lifetime where we have come out of the recession, not decreasing tax rates or decreasing regulations but increasing them, which of course slows creation of new businesses. if it was not for that, for if we were lowering the number of regulations and intensity of these regs steven talked about, do you they we would have more growth than we have receipt now? >> absolutely. it really been the small business where regulators have seen a great target. and, as a small business contend with this mounting regulatory environment, there really hamstrung in be able to add new jobs. so many small businesses look for other means by which they can cope with these types of problems. david: doug, let's end on a positive note which is energy. we see the price of oil coming down, today was below $90 a
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barrel. all of this huge -- >> milestone to break through. david: a tremendous milestone. of course with the new milestone the u.s. is now producing more oil than saudi arabia or russia, which is extraordinary, isn't that going to somehow mean good news for small businesses going down the line? >> i think it is good news for businesses, big businesses, small businesses and, as importantly consumers. we're seeing gas prices come down now. i think there is more fun to come, with some of those crude prices and wholesale prices continuing to drop. it is directly related to, you know the fact we've added three million barrels a day new production domestically. look not past the fact we added three million barrels a day between ethanol and biodiesel as well. that is domestic production giving us not energy independence at this point but we're energy secure. we have wars going on in the middle east. russia attacking our neighbors and the crude prices dropping. energy costs are dropping from the natural gas that is powering
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our power, to the fuel that is going in our cars. i mean that is going to trickle down to the economy. david: it is great news. >> a tailwind for all of us next year. david: thank goodness for you will at blessings we have in that regard. it is wonderful news. >> keep the party going and not let regulation come snuff it out. david: i agree with you. doug, steve, john, gentlemen, again you're great people in the u.s. economy. couldn't do without you. great job creators. thanks for being here with us. appreciate it. >> thanks for having us. david: liz? liz: that was one of the best and most upbeat ones you have ever done, david. i love that story. fantastic. well, not so fantastic the first ebola diagnosis in the u.s. tough questions raised about the safety of international air travel. what are airlines doing to protect passengers? we're going to tell you about that next. protest groups called off talks with the hong kong government following the clashes that were recently propping up between pro-democracy protesters
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and unnamed open points today. what happens now? coming up we'll talk to one reporter who covered the 1989 tianamen square uprising. could it escalate to something like that? your customers, our financing. your aspirations, our analytics. your goals, our technology. introducing synchrony financial, bringing new meaning to the word partnership. banking. loyalty. analytics. synchrony financial. enagage with us. and cialis for daily use helps you be ready anytime the moment is right. cialis is also the only daily ed tablet approved to treat symptoms of bph, like needing to go frequently. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, as it may cause an unsafe drop in blood pressure.
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liz: we're just a minute or two away from the administration making a statement about ebola but the fears are spreading in the u.s. health officials trying to contain the deadly virus. airlines scrambling to take
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extra precautions. david: airline stocks bouncing back after -- how are airlines battling ebola outbreak and all concerns about that? get to jonathan serrie in atlanta with more. we may have to break in any moment because of a white house briefing on ebola so be prepared. >> i understand. i don't take it personally. but very quickly, david, this is question that people leaving west africa have to fill out before they are allowed to board an aircraft. one of the questions asks whether you've been within a meter, whether you've been in close proximity of someone infected with ebola? authorities say that thomas eric duncan allegedly answered no on the form because he had no fever and showed no symptoms, at the time he was allowed to board a plane and consequently made it to dallas, texas before he became ill. liberian authorities plan to prosecute duncan for lying on his exit questionnaire. while the case shows how it is possible for infected person who
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is fall through the cracks of exit screening process, public health officialings and airline industry say as passenger you're still very safe. in an email to fox news, airlines for america members that fly to affected countries remain instead did i contact with government agency and health officials and have procedures in place to monitor and quickly respond to health concerns. before travelers leave the west african nations affect bid ebola, airport screeners take temperatures with infrared thermometers and ask them series of health related questions. at very least this keeps people with obvious symptoms off the planes. this is important. people infected with ebola are not contagious until they become ill. even if a passenger were to develop symptoms during the flight, the cdc's ebola guidance for airlines states, the quote, risk of spreading ebola to passengers or crew on aircraft is low because ebola spreads by direct contact with the infected
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victim's fluids. ebola does not spread through the air like flu. the biggest threat is going to be with people with a close relationship with the patient in question. people who would likely touch these victim's fluid, either family members, caring for a sick person or health workers. not so much passengers. but still because this is such a serious disease, you do not want infected persons boarding commercial jets unrestricted. back to you. liz: not at all. jonathan serrie, thank you very much. stand business, let us go to the white house where we do have, we do have -- david: lisa monaco from homeland security talking about ebola. >> good afternoon, everyone. thank you for joining us here this afternoon. as you all can see i'm joined here by a number of senior leaders in the united states government addressing this response. let me take a minute to introduce them. with me this afternoon is the
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secretary of health an human services sylvia burwell. also with me is dr. anthony fauci from the national institutes of health. administrator raj shah from the u.s. agency for international development. and finally, general david rodriguez, who is the commander of the u.s. forces africa command. as the president has said, we are not facing just a health crisis, we are facing a national security priority and it's one that he has instructed his team, is as important as any threat we're facing. since this outbreak began in march, the president has directed that we scale up our response both here at home, and in the countries affected in west africa and that is exactly what we've done. most recently by deploying united states military members to liberia and to the region to
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support civilian efforts on the ground. today, we are using a whole of government approach and response to control this epidemic at its source. and that is evidenced by the people who are here with me today at the podium. we're doing a number of things to address this epidemic. at its source in west africa first and foremost, we're also enhancing our domestic preparedness and ability to respond to isolated cases here in the united states. and as importantly we are rallying the international community to contribute to this response and that was seen most recently when the president spoke at the united nations last week and when we had an unprecedented vote in the u.n. security council to contribute and to show galvanizing forces of the international community to distribute to this response.
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the strategy of the united states is executing, has four key goals. to control the epidemic, at its source in west africa, to mitigate the second order impacts of this epidemic, and to lead a coordinated international response, and to build a robust, global health security infrastructure so we are prepared to, over the long run, to confront epidemics such as the one we're facing today. i think it is very important to remind the american people that the united states has the most capable health care infrastructure and the best doctors in the world, bar none. and it is why people travel from all other world to receive medical care here in the united states. finally i want to emphasize that the united states is prepared to deal with this crisis, both at home, and in the region. every ebola outbreak over the
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past 40 years has been stopped. we mow how to do this and we will do it again. with america's leadership, i'm confident and president obama is confident that this epidemic will also be stopped. so with that, let me turn the podium over to secretary burwell. >> thank you, lisa. since the outbreak began the united states government has been engaged in preparation both at home and abroad, to protect our homeland and stop the epdep mick at its source. we've been working for many months to insure that the united states is protected. cdc sent out our first guidance to state and local officials on july 28th. it has been followed with six additional sets of guidance and latest was issued yesterday. in addition, we have enhanced our surveillance and laboratory
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testing capacity in states to make sure that they're able to detect cases. been in regular and repeated contact with state officials and health departments including developing guidance and tools for departments to conduct public health investigations. we're continuing to provide guidance for flight crews, emergency medical service units at airports and customs and border patrol officers about reporting ill travelers to the cdc. and, we're continuing to work with hospitals health care workers around the country to prepare most effectively, both in terms of detecting symptoms and then responding appropriately. as we saw just a few months ago, almost two months ago, in caroline's medical center in charlotte, north carolina -- liz: homeland security officials speaking very specifically about how prepared the united states has been although one would argue, david, that the first opportunity was fumbled at that hospital in texas.
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david: well of course we heard the president earlier talk about how it was unlikely to make its way over here, which in fact it did. they have some explaining to do. again a worldwide effort to contain this thing. liz: hong kong protesters, that is another major global story, they're shelving talks with the government, that the authorities allowed force to be used against peaceful demonstrators. david: how far could the showdown escalate? we have claudia rose set, center force democracy and was in beijing in 1989 in tianamen square and was on sight. claudia, we hear pro-government demonstrators, when i hear pro-government demonstrators in dictatorships, i assume these are government goons working in civilian clothing. am i paranoid? >> your assumption is entirely reasonable. bring out the government goons. this is actually standard
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tactics. what china did in hong kong during the cultural revolution to make trouble this looks to me like the way beijing may be trying to finesse the problem they have gotten right now with these demonstrations in hong kong. send out thugs. liz: well, exactly. other countries do it too. mubarak in egypt did the exact same thing. ashley webster was there, and said it was so obvious. >> sure. liz: that being said, if these people do succeed in rising up and roiling the protesters could this become another tianamen square which you won many awards and covered very specifically in china 1989 where the government simply opened fire and killed a lot of people? >> i think what the, i think what i'm, this is my speculation but my reading is, what the government is hoping that this will turn in the eyes of the world into a sort of local mud fight. there will be goons and demonstrators and people just say it's a local spat. i think that is how beijing
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hopes this will then sort of go away. but the, other, another possibility here is that these demonstrations simply continue. and, and think there is a real basis for that. this is, this protests are not spur of the moment. this has been coming more than 30 years. the endless betrayals of the promises to hong kong. and beijing is capable of finally saying, no, we're going to shut this down with murderous violence and followed by arrests an intimidation. i would rule out nothing. that's the danger here. david: all right. claudia, by the way we should mention who was also based in hong kong for six or seven years. you just returned from hong kong. so you got a bird's-eye view. >> yeah. david: there is wonderful guy, martin lee, in his 70s. >> yeah. david: i remember him in his 40s. shows how old i am. he has been a leader in the democracy mom in hong kong for a long time. he is the elder statesman of the democracy proat thers.
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>> yeah. david: is he working with young guys who are in the front lines of the barricade now? >> i don't know whether he is, sort of immediately coordinating anything. what i do know for years, including last month, he has been leading demonstrations and been articulating ideas behind this the important thing to understand, david, these people who are asking for democratic elections in hong kong are both within their rights morally, general terms and they were promised this by the government of china and the government of britain when hong kong was handed over in 1997. the promise goes back 30 years. that's what they're asking for. and that is what martin lee has been asking for for decades. that's what's behind this. and, this is a mature polity we're talking about. they have the institutions. the british rule of law, the markets and the understanding of how they work. you know, they're not firing rockets at their neighbors.
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they're not threatening to obliterate anybody. they want their rights to elect their leaders. liz: claudia, give us what you think will be the next stop on the roadway here in hong kong? what are you looking for? do you expect there will be a tripwire of some sort between the goons as you called them and the student protesters? or the government moves or there is negotiation point? what's next that you're looking for? >> there are at love variables in play here. china, i have no doubt, is running through a calculus trying to figure out how to handle this, with a way to provide minimum encouragement in the rest of china for people to demonstrate for their rights as well. an important factor, this can not be underestimated, china is sensitive to international criticism. the comments from the democratic world have so far been there but muted. it would probably matter in beijing's calculus to hear very
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directly from top western leaders, presidents and prime ministers, that the western world really cares about this. that we understand the importance of what is -- david: let's hope we speak up with a louder voice. hong kong is the golden goose. the chinese government should be very careful. they know that better than anybody else. they don't want to kilt golden goose. claudia, defense for democracies. thanks, very much. liz: thanks, claudia. what if you could win money by simply playing your smartphone games? up next we'll speak exclusively to one company bringing cash stakes to the games you know and love and spend so much time with. it has partnerships with 350 developers. you've got to hear company founder next. >> hello, everybody, i'm gerri willis. coming up on my show at top of the hour, jpmorgan chase, finally talks to customers about that massive data breach. and customers are none too happy about it. we'll tell you what you need to know. that is just one of the big stories coming up on "the willis report" in just a few minutes.
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ue an impact on something as big as your retirement? i don't think so. well if you start putting that towards your retirement every week and let it grow over time, for twenty to thirty years, that retirement challenge might not seem so big after all. ♪ yoare you kidding me?oo? everybody's on woo-woo! [elevator bell rings] woo-woo? lock and load, people! we're going all in on woo-woo! mark! comp us up a profile page! susie! write us some posts! i want sponsored woos. i want targeted woos. we need an ethnically ambiguous woo-woo mascot. dude. are you still on woo-woo? naaaahh, man, my mom's on woo-woo. ♪
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liz: listen up. there is a new trend emerging. being able to play your favorite mobile games which you were going to do anyway, for money. joining us in fox business exclusive, is andrew paradise.
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cofounder and ceo of skill with a z. brings cash stakes to mobile games. i love the idea you were able to come up with the idea of linking gaming with cash prizes. >> my ah-ha moment came from playing a mobile racing game actually. i accidentally clicked on a banner ad at the bottom of my phone. liz: oh. >> it took me out, i know, it took me out to a third party website in the middle of the game. not only ruined my experience but made me mad at the advertiser. i thought there would be a better way for game developers to monetize the content and both the way game developer and gamer were happy with it. i looked at off-line sports turn meant. players pay an entry fee and winner awarded a cash prize. this is true of things like
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new york city marathon, bowling tournaments, rodeos and so forth. what i did i took the same concept and create ad platform to make tournaments accessible to any mobile game developer. liz: we're showing "candy crush." you have all kind of partnerships with many different gaming companies. what did you do? pick up the phone to madden or insert game here? look, i want to make this a great experience. you will make money. the gamer will make money. i will make money? >> well, so how it work as game developer can integrate our technology into new or existing game. once they integrate the tournament option it shows up in the home screen of the game as multiplayer or tournament mode. the players tap that button to go inside of tournaments in the mobile game already on their phone. that allows them to compete for virtual currency or cash prizes. if they choose the cash prizes they pay entry fee. they get matched up with other players and if they win they win
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the cash prize. liz: how much? give me incentive of kind of prizes people can win. >> sure. completely depend which type of match you choose, but prizes on platform range from single dollar all the way up to thousands of dollars. the most common tournament types, two players one for $20 and we have thousands of those every day. liz: talk to me about the gaming market. rove ceo of angry girds announced layoffs. -- "angry birds." that ipo of "candy crush" didn't go so well. what do you see in the area of gaming? >> there are two-ways to monetize mobile games. one in-game ads and app purchasing. in-game ads i covered that why it is no the a great experience for game developer or gamer or the brand. when you look in-approaching, only 1 1/2% of people make an
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in-app purchase. only .2% ever repeat that purchase. gamers don't like that way of monetizing game. you're sort of in a quandary where players want to get games for free and used to getting games for free yet these different ways of monetizing the game are not very effective. that is where skills comes in. it is incredibly popular platform with players that use it. we have 10%. our players participating in the cash competitions. liz: just so you know, david and i are still playing atari's pong. that is it. us. david: upgraded to solitaire. liz: good luck to you. the company called skillz. something tells me you will be bought or go public at some point. david: brilliant, brilliant idea. meanwhile government stats are not just for economists. they could help you find love. we'll tell you where to search for the most eligible and employed bachelors in the nation. liz: forget itunes. the rap group, wu tank clan,
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trying to amp up interest in upcoming album. how? a groundbreaking idea for distributing its music. you have to hear what wu tank plan will do. "hello. you can go ahead and put your bag right here." "have a nice flight." ♪ music plays
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♪ music plays traveling can feel like one big mystery. you're never quite sure what is coming your way. but when you've got an entire company who knows that the fewest cancellations and the most on-time flights are nothing if we can't get your things there, too. it's no wonder more people choose delta than any other airline.
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liz: time to go off the desk. pew research compiled census data on number of unmarried men and women ages 25 to 34 in nation's big metropolitan area, which one has eligible and employed bachelors? that would be san jose, california. thanks, silicon valley. followed by denver and san diego. which has the fewest? memphis, tennessee. tops that list. david: all right. wu-tang clan, you know the rap group? they have a special version of 20th anniversary album. it is the wu edition boom box
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rex. only 3,000 will be made. each speaker will be 80 bucks. >> how cool. they're still around. david: enjoy yourselves. "the willis report" is next. gerri: hello, everybody, i'm gerri willis. coming up today on the show, health officials in texas trying to calm the public's fears of ebola but is enough being done to keep everybody safe? one texas parents speaks to us about her fears of this devastating disease. also we may have added more jobs last month but hourly wages fell. how should you go about asking for more money at work in. the supreme court decided that the americans are paying too much in 401(k) fees? "the willis report" where consumers are our business starts right now. the we begin tonight with a story on everyone's mind, ebola. all eyes on dallas, texas. state health officials say they

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