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tv   After the Bell  FOX Business  October 10, 2014 4:00pm-5:01pm EDT

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consumer names, proctor & gamble, walmart, coca-cola, hit a high. [closing bell ringing] david: the transports, if you're looking for sectors getting hit hard, transports are another one. they have been getting hit hard all week. look at these numbers. as we hear the closing bell. this is a week traders glad to say good-bye to. it was a very tough week on all the markets. these stories don't tell the picture of the whole week. we had one day up 270 points. that was quickly eclipsed by the moves to the downside. all of the sellers were out in force, particularly as you see on the nasdaq, which is the biggest loser today, down about 2 1/3%. huge moves to the downside. big changes of fortune. very big day, a very big week. "after the bell" starts right now. liz: as we wait to see how the markets settle, there is one slightly wonky piece of
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information. that is the s&p 500. just as i understand it, one point above the 200-day moving average. if it breaches that, if it falls below it, that is a technical level that will spook the market. david: it will indeed. it could go even further down. liz: it has been a busy week for the markets. you see right here closing at the low of the session. get straight to it, oliver portia, gary goldberg, this is irrational. we have tom from the lk balanced fund. it is time to use cash to be opportunistic, if you have the cash, tom. he will tell you where to buy. phil streible in the pits of the cme. take it away, phil. which level, which index spooked the traders the most here and at what point? >> well i was a little shocked by the movement down on the nasdaq. it was so aggressive. i keep looking back at s&p. we have futures dropping below the 1900 level. that is a major psychologic
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level. a lot of people saw a little pullback, but i think we could be on the verge after pretty large correction, if the dollar index play into the corporate earnings scheme here next week. that ebola virus, this is starting to really get a lot of attention. i'm also looking at, you know, look at west africa. look at miners that are there. could that impact the gold market? do we have production halting there. liz: diamond market already being affected. diamond markets are affected. we need to tell you there was breaking news a few minutes ago a delta flight that landed at mccarron airport. david, you heard about this. one of the passengers not feeling well. david: by the way, the latest on that everything is okay. apparently the passenger did not have ebola. there are concerns, but the latest report, it may change, but the latest report the passenger did not have ebola. we'll wait and see. oliver, the key beyond ebola
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what is happening to some of these markets. moving spooked by what is happening in lower growth, worldwide. we have the 200-day moving average, broken on both nasdaq and very close on the s&p. just one point away from breaking the 200-day moving average on s&p. when you look at earnings coming up, the only thing i think that could change the current mood to sell on the market is if we have blowout earnings on third quarter. next week we have intel, which was down 5% today. csx, jpmorgan, what do you expecting? >> i don't think you need blowout earnings. i think you need strong earnings. strong earnings is an eight to 10% number. right now the mood is very pessimistic. this is classic emotion-driven celloff you're seeing. the fundamentals haven't changed from three or four weeks ago. they're the same. you want to look at economic news. you want to pay real careful attention to the corporate earnings numbers. that means being selective where you invest. you don't want to just buy
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blatantly. david: oliver, let me push back a little bit because one thing has changed estimates about how bad things are going in europe, particularly in germany, which is one thing we could hold on to in terms of growth in europe. now that it seeps as though that country itself is having some real serious difficulties that what changed the mood. >> that is certainly part of it. let's remember, europe has been weak several years. likely to remain weak for several more years. fundamental issues plaguing the european central banks and various economies remain the same. europe is export economist. most of the economies in europe are export economies. how much will that impact u.s.-based companies and the odds are it going to very, very much company by company. overall it will come down to what is happening here in the u.s. one thing is certain. there is less pressure on the fed to raise rates. let's not forget. that was a big concern just a few weeks ago. liz: the markets love that position.
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tom, you remember the movie, "high anxiety," that is where our markets are right now, highly anxious. oliver makes a great point. focus on corporate earnings but will the rest of the market which is known as a gigantic voting machine, will they look at that or look at headlines whether they pan out or not, there may be a ebola scare on such and such a flight? >> we would agree with david. the market is highly nervous and focusing on all the wrong things. we like to focus on the long term fundamentals and david is somewhat correct that earnings don't have to be blowout. they have to be up near expectations in the next couple of weeks and that should settle the market's nerves. david: phil, talk about transports for a second, because when you see oil and tans ports go down together, usually when oil comes down that is good news for transports because they rely so heavily on gas price, but when they both go down together, isn't that a spooky sign?
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>> the concern that gas prices are still holding at elevated levels, key transport regions. the oil price has been selling off because of our, you know, rising production. where we're at 28-year highs. we're producing 8.8 million barrels a day. our imports are at 18-year lows. we don't have the demand to fulfill these needs. brent crude prices are concerned about europe's slowdown. so that's weighing because brent typically trade to premium of west texas. as that sells off you start to see west texas come down with it. a lot of concern that oil might come back down into the 70s. david: wow. >> that is not something i wouldn't totally rule out. liz: i will take. that i don't care when the reason is. oliver, if the market is irrational, help us find rationality within it. you have names here. among them, verizon, cvs, pepsi, apple. why these names? what do they have? what kind of supersonic in move might they later provide in a
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portfolio? >> i don't know about a supersonic move, but here what you want to look for as investors. look for strong balance sheet. dividend payers. companies that raise their dividends. this is critical. predictable earnings. what do companies like caremark, verizon, at&t, pepsico, apple have in common? rock solid balance sheets, decent dividend. history of raising their dividend in many cases. that's what you really want. don't have a two to three-week outlook. have a two-to three-year outlook at minimum. then you get past this the biggest mistake investors made selling when the s&p sold off 15% in third quarter of 2011. you don't want to repeat those mistakes. david: well, and tom, to that point, there does seem to be a little bit of a herd mentality going on. this had the heaviest volume in three weeks. you can take that in two ways. one there is really strong conviction in fact the economic slowdown is going to pull down
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stocks even more than we saw in the past week. or, you can say that maybe there is a herd mentality going on. what do you think? >> i think the herd mentality has taken control. i think earlier you mentioned that if you have cash spend it. exactly where we're at. we have cash available. and i think, over the next couple of weeks you're going to have the opportunity to put some of that to work. i would agree you should put it into higher quality companies, good fundamentals, strong cash flows. more importantly we're looking at companies more domestically based so we can deal with the currency rising dollar and you know if you do that and take your time you will be rewarded over the long term. liz: rewarded, and jeff saut of raymond james, last hour, david, in essence nobody wants to go in long on weekend with holiday on monday. sit tight, follow fox business and our smart market experts. oliver, tom, thank you. phil we'll see you in a few minutes with the s&p futures close. david: good stuff. appreciate it. it has been the most volatile
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period for stocks since 2011. some say this could be the start of something even bigger. we'll be talking to someone who says don't fear the selloff. learn from it and profit from it. liz: amazon shifting strategy? reportedly getting ready to open a real store, a physical store right here in the heart of new york city. now why would the online retailer take a gamble on a brick-and-mortar store? and what would a company that sells more than 230 million products even put in that store? we'll find out. david: also, a rare success story on ebola. coming from the private sector. firestone tire, in liberia, right in the heart of ebola country, took matters into its own hand when it encounter ad case of ebola, building its own clinics and isolation centers and stopping the disease in its tracks. we'll talk to firestone's liberia president live from his plant on what others can learn from their successful strategy.
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thank you for being my hero and my dad. military families are uniquely thankful for many things, the legacy of usaa auto insurance could be one of them. if you're a current or former military member or their family, get an auto insurance quote and see why 92% of our members plan to stay for life. liz: volatile doesn't even begin to describe this week but there were some winners in the dow among the rubble. david: let's head back to nicole petallides on the floor of the new york stock exchange with some details. who are the winners in all this mess? >> david, liz, right, if you own these consumer type stocks you're feeling pretty happy you have a few winners of the week. proctor & gamble, walmart, coca-cola, in fact, coca-cola hit a new high. proctor & gamble and gamble, i read a bless release, they have
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nfl, they really bucked the trend. this was a tough, tough week. it has been a tough month and these guys bucked the trend this week. liz: sure did. nicole, thank you. david: thanks, nicole. have a good weekend. the s&p futures are closing about a minute. let's head back to phil streible in the pits of the cme. looks like it was trading down, the s&p futures. >> yeah, right now we're back at 1900 level here. some headlines i was reading the dow just erased all its gains for the year. if i'm an investor i will take that holiday we have and reassessing my portfolio. maybe some rebalancing might need to be happening. david: by the way, phil, i should just mention that 19805 was the -- 1905 was the 200-day moving average for the s&p. it has broken down below the 200-day moving average. that is technically significant, is it not. >> absolutely. that is bellwether on a market
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having problems. think problems might be around. we might push back down to 1887 tested back a few months ago. keep an eye out for that. look out for that on monday. like i said, no economic data on monday due to the holiday. there is not a lot. it will be headline and emotion-driven. david: phil, thanks a lot. won't be a restful weekend. he will watch all the futures. liz: especially what a crazy, stomach-churning week for the markets and maybe even for your money. we decided to hit the streets to find out if you make any changes to your investments with all the volatility. watch. >> i might see additional downturn i might make changes back to cash. >> keeping them where they are and keep long and steady. >> probably not. still have another, 30, 40 years to work. so just kind of let it play out. >> if you're a long-term holder, no, not too worried. >> it will go back up. why, i don't know. >> new yorkers. new yorkers are very, very
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optimistic about things. again there are questions, though, particularly because we saw that 200-day moving average breached in the after-market with the s&p futures. so that is a problem. joining us now to talk about more about what the future is jason rotman. lido i'll advisors managing partner. jason, you don't see a bear market coming. we have to say that up front but just to be careful how do you prepare for one if that is where we're headed? >> this is phenomenal and timely topic and the first thing i would like to say that every single investor is different. in other words, just because you have a financial advisor or just because the headlines say so-and-so, what i recommend, you literally need to check in with yourself. what is your own risk tolerance? what is your own-goal? i honestly suggest, whether 2008, 2014, whatever it is, it is same principle. tough plan the trade and trade the plan.
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or plan your investment and then invest with your plan. if the market hit as certain drawdown level you need to get out. otherwise you will not sleep at night. i disagree with people, if you sold when it was down 15% you would have lost so much money. it is all about your plan. i think at this point, take a three-day weekend, figure out what your plan is, then stick to it. liz: stick to it. but the lessons to be learned are highly important. >> many lessons. liz: the third one here on the screen says, stick with solid fundamentals. in your world, out in at lido what is a solid fun fun? because different people -- fundamental? different people see it differently. >> the small cap sector, the whole russell 2000 index what i trade and watch every day, the russell is massively weaker than the dow jones, nasdaq and s&p 500. they're much more higher beta stocks. liz: we'll buy that now because is cheap?
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>> not quite yet. i'm waiting until the, again i'm kind of a technical trader type guy. i think the s&p key level is 1878. that is a very specifically level. that level is the 50% retracement from the low of this year to the high. those 50% levels, especially on yearly basis, we're not talking intraday, those are typically huge magnet points. i think if s&p gets basically this point 25 points lower, you will see bargains in the stock market. david: okay, that is good advice. if we are going into something a little more serious than just a correction, if you will, a real bearish sort of market here, one thing you should definitely do, i would think is root out all those beta stocks, all those stocks with very high p-es and just deal with solid companies. they may not be the mr. excitement but they are the ones that will last, right. >> exactly. and to that point, look at
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tesla. tesla is the world's favorite electric car company, tesla the darling of the market this year got smashed 7, 8%. that is perfect example. it's a great company? yeah. would i love to have tesla? yes. but the p-e ratio was in the stratosphere. that is telltale sign what will happen in the future. these may be great headlines and pe is still high, stanley fischer, financial instability hawkish environment i think those stocks will get smashed down. to answer your other question, what i look for as far as fundamentals i need to see constantly increasing earnings, earnings and net income. like the small cap sector. specifically i think you should look into the russell 2000. find companies that have been around for a while and ramping up their earnings consistently. those have the great opportunity to outperform over the long haul. liz: sound a lot like warren buffett but very hard to be disciplined, jason, especially when people get a little panicky.
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>> that's right. liz: what is the number one key to keeping disciplined even when either the sun is shining too brightly or the clouds are out and it is pouring rain? >> well, again, a deep topic having very important. number one, you really have to know yourself. you know it is kind of like the zen of investing. you can't just follow what other people are doing. you have to, maybe need to sit in a room for a day. you need to check in with yourself and know what your goals are and find out what your plan is and stick to it. that is number one. sound simple but it is not because we're only human. there is fear and greed involved. you have to find a plan that works for you and stick to it. number two, and this is very important. not really talked about a lot, is that, i think, and i've been thinking for the past two months or so, 2015, is going to be the year of the alternative investment. all of that means is going to be a year of finding investments with very little correlation to what the stock market is doing. two alternative investment
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categories i really like are reits. they are famous, wonderful investments if you find the right reit. and the four-letter word of the past four years has been managed futures. past severalres underperformed years. now that we're getting into a much more volatile environment you will see a lot of increased allocations into actively managed products. david: jason rotman, thanks so much. that was terrific advice. we appreciate you coming on. you kind of calmed us a little bit. it will be a wild three-day weekend. we appreciate it. time to take time for yourself and your portfolio, figure out what you can stand. >> thank you. >> lido isle. >> thank you. liz: we love to hear from all of you out there in the america. 15th straight day of 100 point swings for the dow. what is the next big move? up or down? maybe give us a reason why. send us a message on facebook. tweet us@fbna 2.
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b. we'll read answers coming up -- @fbnatb. david: firestone didn't wait for help. they took matters into their own hands. sending up quarantine center and a response it team. what can we learn from them. we'll hear from a hero executive tiff life from liberia. liz: taking the first step toward automated driving with autopilot features. the car can read speed limit signs and more. ceo elon musk says it is like having a personal roller coaster. details are next. david: buckle up and use the turn signal. we'll tell you what the most ticketed car in america is. could it be yours? hi, are we still on for tomorrow?
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david: time for a quick speed read of some of the day's other headlines, five stories in a minute. first up, the world's largest private equity firm, blackstone group, will spin off financial advisory and park hill fund into separate publicly-traded companies. they will be combined with independent advisory firm p.j. t partners. opec rose the oil production rose the highest level since summer 2013. it was higher out put in iraq an libya, one reason oil prices coming down. dairy gene confirming data breach at 259 u.s. stores. the hackers had access to
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customer credit card information, names, card numbers and expiration date. malala suzuki is one of the recipients of the nobel peace prize. she is the youngest resip went since the creation in 1901 and acknowledged for the champion of education of women. she was shot by extremist. popular pop singer katy perry will perform at the halftime show at this year's super bowl. super bowl xlix will be played on february fist. that is today's "speed read." liz. liz: tesla putting pedal to the metal look at that, with automated driving system designed to prevent accidents and allow strikes to park themselves. david: your own jo ling kent was at the event and joins with us more. jo? >> liz, dave, elon musk was at it again last night here in the los angeles area and new car technology in the for of the p
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958. i hopped into the new car and went zero to off in 3.2 seconds. my stomach dropped. it was like the personal roller coaster he talked about. it stands for the dual engine and all-wheel drive. >> in selection you can choose three settings which is normal, sport and insane. [laughter] it will actually say insane. it's true. >> musk also unveiled new autonomous driving technology. the p-85 can park on its own and change lanes. it has sonar to detect cars, children and even dogs. these features will come in standard and built on the cars assembly line for two weeks. the new car ships in december and it will be north of 100 grand. liz and dave, elon musk totally silent on the suv expected next
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year. that is the model x. about 3,000 tesla owners and shareholders were there last night. they left wanting a lot more. back to you. liz: i want the suv. definitely, jo ling kent. thank you very much. speak of investors, they weren't really thrilled with high speed or new features or maybe they expected something more. the stock was down some 7 1/2%. remember it was a tough market day too. despite today's drop, look attest last, up 37% over past year. it was a $40 stock. david: what is the next big market move? is it going up or down in a big way? john on facebook wrote in to say there is a bad time. no confidence in the president. people are worried about ebola. look for further declines in the market. tire-maker firestone trying to put the brakes on ebola in its own way, building isolation centers, training employees on
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their own plantation. what can the government and other governments learn from their very successful effort to contain the disease? we'll be heading to liberia and talking live to firestone's president there. liz: plus, amazon may be getting ready for its first physical store. many are asking, why? would it be successful? we'll debate with analysts watching this thing. bezos, you're not steve jobs, at least not yet. david: one research analyst saying two gaming stocks could rally 100% from here we'll tell you who coming next. 24/7 it's just i'm a little reluctant to try new things. what's wrong with trying new things? feel that in your muscles? yeah... i do... try a new way to bank, where no branches equals great rates. mr. daniels. mr. daniels. look at this. what's this? clicks are off the charts. yeah. yoshi, we're back.
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no hidden fees, from the bank where no branches equals great rates. liz: have you gotten a parking or speeding ticket? i'm laughing. a lot of them. insurance.com found drivers of certain types of cars racked up more violations than any others. the companies studied data on 526 models from more than 550 recent customers. here it goes. the third most ticketed car, the sporty scion. what? they found 32% of drivers with a zion had a recent traffic violations. coming in number two, pontiac gto. while the pontiac line was discontinued in 2009. guess what? the brand appears twice on the list.
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33.6 of pontiac gto drivers had a recent traffic violation. number one will surprise you, all-wheel drive, sports car subaru wrx. the subaru also had two appearances in the top 20. 33% of subaru wrx drivers received a ticket recently. pulled over and most probably a two-man tent. david: my favorite is the number two car, i love that goat, gto. >> >> research firm cohen released a new report on mobile gaming, giving investors two stocks they could see 100% upwards move. glu mobile. the ticker, gluu. the company is beginning to reap success of recent moves. it may monetize its gains better. cohen's price target on the stock is $10 more than double where it coasted today. king digital is the tech play. cohen says the company will
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report better-than-expected earnings with four game titles in the top 10. they expect a bump from a new candy crush game set to launch this year. they have a $27 price target on that game. liz: online retailer amazon going to be opening the first brick-and-mortar store. after being 20 years in businesses they will do it right here in manhattan but do they really need to do it? is it worth it? we'll speak to an analysts that it will give amazon the human exposure, the human touch it is lacking. david: also a very rare and but very successful win in the battle against ebola. coming from the private sector. fire stone, with a plantation in liberia. they managed to contain the disease on their own without government help. how did they do it? the head of firestone in liberia joining us in a moment. [ female announcer ] you get sick, you can't breathe through your nose...
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david: one of the few really positive stories about ebola comes from the heart of the outbreak in liberia. where tire-maker firestone has a huge 185-square mile rubber plantation where the company had to respond to the wife of a worker coming into the firestone community with ebola. now the president and managing director of firestone liberia put into action a plan that largely succeeded in preventing the sickness from spreading. the managing director, ed garcia, joins us on the phone
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from liberia. ed, i got to tell you, this not only the success story, you're a hero in a lot of people's books. tell us what happened. this was back in march. what is the first thing you did when this woman entered your community? >> okay. that happened on a sunday night. i was informed by our medical director, who was informed by the government that we had a case in one of our communities. so first thing monday morning i called the crisis management meeting to respond to it quickly. at the time we realized there was no hospital facility that could take this patient in. we quickly realized we had to do things on our own. so. we set a target to isolate the patient by tuesday.
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not knowing much about ebola, we scoured the internet. picked up information how we best safely transfer the patient and how we protect our people. so we did all of that. by tuesday afternoon, while everyone during the day was being trained to handle the ebola cases, and while there were isolation unit was being prepared, we gathered all the people and able to move the patient and their family quarantine. david: let me recap. you did isolation. you quarantined the woman's family. you happened to have hazmat suits thaw used. they were not created for dealing with ebola but oil spills. but they suited the purpose. now it wasn't, unfortunately, tragically this woman did die. did any of her family members or others that contacted her get
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sick and die? >> fortunately we did the right thing. so the woman. she was very far advanced in the ebola situation. so she died later. but no one contracted the disease and the community was safe. we pretty much ebola-free for four months after that. david: wow. we should emphasize for viewers that don't know, liberia is one of the countries right not heart of the ebola outbreak and to be free from it in large area as firestones facilities four months is extraordinary. people began showing up in august who had ebola. i guess they came in from other communities into your facility, right? >> that's correct. four months later, ebola raced through the capitol city and nearby towns and we started seeing cases in nearby areas. david: because of the work you had done initially in isolating
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patients, creating isolation centers, i understand you doesn't have anymore cases internally from the in the compound. these people came from the outside. one thing so wonderful from our perspective about this, ed, this is, this is private sector. this is capitalism, really at its best. did this on your own. initiated it on your own. could this be done outside the private sector because government bureaucracies are so cumbersome? >> to fight ebola you have to respond quickly. of. i toll people, ebola does not wait. you have to respond right away otherwise it costs more and more lives. david: ed, i have to ask you as a final question, we have to leave it at this. are you afraid of getting ebola or family or friends there? >> my wife is here with me. we learned much about ebola now that we got really very
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concerned, as long as we say stay safe. david: god bless you for what you did, ed. tremendous, tremendous work isolating ebola, at least in your facility. certainly a credit to firestone and our company what we can do. edgar seia, reporting from liberia. david: what a great story. liz: corporations can pick the ball up and one are it. >> thank you. david: thank you very much, ed. appreciate it. liz: just an amazing story. i bet a lot of companies are coming up with their own plans. david: they are a case model. liz: remember the secret service prostitution scandal down in south america? well, new allegations may be pointing to a cover-up. and it could affect wall street. you have to hear about this one. we'll explain. david: what in the world is
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online retailing giant amazon settings up shop in manhattan? what will it choose to put on the shelves? we'll give you a smoke peek what they might do. go ahead and put your bag right here. have a nice flight! 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 most on-time flights are nothing if we can't get your things there too.
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liz: as long as amazon has been around it has been an online retailer. guess what? now it will open its first
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brick-and-mortar store in manhattan, right in the heart of new york city, 34th street specifically, near the empire state building, near madison square garden. why does amazon need a store? what could it sell there? is it the right move? with us brian kelley, founder of brian brands and we also have a retail analyst. different points of view here. brian, i let you go first. is this a good idea? we need to stress. they haven't said where it might be. we're guessing it will be an old, what used to be orbach's. a old 7th west 34th street store front here. is this a good idea, brian? >> this is a great idea. perfectly consistent with what bezos is all about. being customer centric retailer, he understands the consumer will choose where she wants to transact. having a brick-and-mortar experience, a part of the channels we think manage is a big part of it. they have to be in retail and brick-and-mortar.
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liz: they have never been in brick and mortar, they have done pretty well. people are wondering when they will make a profit? what do you think about this? this is not a pop up store. we need to let people know. it will be brick and mortar. the word it is will be ready by the holiday. >> there are a few concept it is could be. there could be a showroom. there is a model in the u.k. where people order online and pick up items in the physical store. it could be, you know, a competitor to a costco or a walmart. or it could be more akin to postal service where it is more about the transactions and storefront what historically had been a delivery of a package to your home. nobody knows which one it is. liz: what is wrong with that idea? >> well i think that, that well the second one, where it is just a straight-up mass merchandiser is tough proposition. that is expensive piece of real estate for something of that
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nature. the first or third could be options, but again, you know the question of what is the roi? how will they deliver a return on it? what is the purpose? liz: on the screen, brian. we've got look, new york city real estate is a pain. short-term lease. those are expensive. got to pay employees. you have to train employees, brian. what are the up side to the potential store as we head into the holiday season? by the way, 230 million items on sale on amazon.com. they can't fit all of those in there. how will they choose? >> the key thing back to what we talked about before, liz. retail isn't for sissies. in bezos's case he is looking towards the future and future is mobile. he has to find a market for fire. i think he will use the store on 34th street amidst the 6th largest subway terminal in new york across the street from the empire state building and introduce fire in a way to get big and bold and he will get excitement about it. he must look at apple launches
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and lines of consumers around the block waiting to buy the latest phone. i'm sure he wants to be there too. liz: so would it happen that way? and how quickly can a huge storefront get up and running? >> i'm skeptical that they would be able to replicate the apple stores. surface devices and xboxs and those have not been tremendously successful either. knocking off apple is not really going to work here. they're not known for being a great design firm. amazon is not known for its aesthetic sensibility. i am keptable what it would look like. we need to know who is the executive in charge to make a better call. what i think they are really in position to do, q4 could of course disasterous for them in getting packages. there are huge constraints whether the carrier networks will get packages to consumers on time and the opportunity for amazon to actually have a
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storefront that can -- liz: just get people in there to pick up the stuff. >> exactly. exactly. get them away from being dependent on ups and fedex, at least in urban market. liz: brian, i don't think this is stunt and i think jeff bezos is one of the smartest guys around and could figure out how to do apple in a different way but any sense this is to get attention. >> i don't think it's a stunt. running a store on 34th street in that location is significant expense. it is not a stunt. i think he is looking for a blend of value here. i think he is going to have direct customer engagement he hasn't had before. i think he is looking at bonobos their average transaction doubled when they opened retail stores. i think he is looking at lots of opportunity here. this is not a binary situation. i think there is a lot of different things that they're going to bring value back to amazon in opening a store on 34th street. liz: once you get in the door, you end up buying more. midtown madness.
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we'll watch for it. brian kelly and sucarita, thank you for your different per speck tis. >> we'll find it interesting what a fourth quarter will brink. a prostitution scandal is resurfacing in washington. it could reverberate as far as wall street. it could become who will be the next attorney general. liz: we're going "off the desk," to tell you which one of these big tech companies asks the craziest, most open-ended interview questions. stay tuned. oney? uhhh. no, that can't happen. that's the thing, you don't know how long it has to last. everyone has retirement questions. so ameriprise created the exclusive.. confident retirement approach. now you and your ameripise advisor can get the real answers you need. well, knowing gives you confidence. start building your confident retirement today.
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liz: the secret service prostitution scandal resurfaced again. it could have big implications for wall street. david: it has to do with the next attorney general. rich edson in washington with details on why wall street is watching the case closely. rich? >> that scandal could dramatically aller pool for the attorney general and could open
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door to crew that prosecuted wall street. speculation former white house counsel,. legal watchers say, questions of ruemmler's handling of investigation into white house intern in that prostitution scandal may dominate her senate confirmation process. meaning administration could take her out of the running. one candidate that could benefit, preet bharara. u.s. attorney for southern districts. a selection president obama could make if he wanted to focus on wall street. >> if he were to change gears and start using the last couple of years to kind of correct the earlier mistakes that a lot of people perceive he made regarding financial crimes, then it leans more toward someone like preet coming in and then, turning the, turning new direction for the department. >> known as a sheriff of wall street, bharara, recently touted more than 80 convictions or guilty pleas for insider
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trading. there is skepticism the president will choose him and instead choose a nominee to continue attorney general's eric holder's focus on civil rights issues. that would give inside track to secretary perez. he also led the civil rights division of the justice department. back to you. >> have a good weekend, rich. liz: time to go off the desk. the interview process for any job can be stressful enough but what about having to worry about really oddball questions like if you had to relate to any superhero, who would it be? questions like this are, spidey, the norm, when interviewing at big tech companies. david: seriously? >> companies ask the odd open-ended questions to test your skills of critical thinking and quick communication. which is the hardest company to interview for? google nailed the top spot for asking questions like, how would you describe google as a person? followed closely by facebook and then amazon. and microsoft tied for the number three spot.
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how about just experience? >> exactly. i hate those kind of questions. i asked you on facebook and twitter, when the next big market move would be. up or down? facebook told us, i expect a couple weeks of gains leading into earnings from big tech names. >> maura on twitter told us i think the market will go down. i hope we're not headed toward another depression because my grandma lived through the first one. david: wow. todd told us the correction is now underway. price volatility always shows up before the vix. i think you're right on that. big price movement indicates market-changing direction. liz: need to remember of course that the number one thing to watch will be the markets. remember the bond market is closed on monday but, very important to be watching over the weekend, any headlines that come out, whether it is about ebola or david, of course, any other hot spot. david: remember by the way, also, as you see there, keep that up on the screen. s&p 500 closed the day at 1906 but s&p futures were down to
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1900. 1905 was the breaking point for the 200-day moving average. that is a critical technical point. david: we hope to see you back here monday. yes we'll be here. gerri willis is next. gerri: hello, everybody, i'm gerri willis. coming up today on the show, another ebola scare. this time on a tarmac in las vegas. how travel is being threatened by this deadly disease. also the dow negative for the year after one of the most volatile weeks for the markets. we're looking out for your 401(k). we'll meet the boss. the man who was convinced americans will buy empty boxes. "willis report wore where consumers are our business starts right now. moments ago an ebola scare held a delta airplane on the tarmac at the las vegas airport. delta says the issue was an overreaction to a passenger giving a flight attendant a note saying that they were not

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