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tv   After the Bell  FOX Business  October 14, 2014 4:00pm-5:01pm EDT

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>> ebola fears, not ebola fierce. [closing bell ringing] they took a breather today, no doubt. david: we're going to get to all those stocks and all those sectors as well today as we see kind of a mixed decision here at the end of the session. we still may see things settle, either one way or the other. but a lot of stocks, particularly those in the s&p and dow,addling the line between negative and positive. kind of a mixed day. russell 2000 though, nothing mixed about that at all. the russell gaining ground. all the small and mid-sized stocks on the russell 2000 up. the nasdaq look at that. almost half a percent gain of the at least a solid third of a percent gain for the nasdaq. mixed session. a lot of interesting things. intel numbers coming right up. we have a busy hour. "after the bell" starts right now >> the second the intel numbers come out we'll get them to you.
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meantime let's get right to today's market action. kim forest joins the group here, fort pitt capital group. focused on upcoming earnings season. good for you, kim. john merrill. he isn't concerned with daley volatility. good for you. these will be great guests. larry shover in the pits of the cme. larry, swipe the -- wipe the sweat off your brow and tell us what it is like today. >> a lot of twists and turns, but guess what? no trap tore. after a three-day drubbing doesn't seem like a trap door. we'll finish the day positive. keep in mind a lost psychological damage, a little bit of nibbling going on but no heroes today. people stepping back now that the s&p is trading 15 times multiple but no heroes. they're pointing not what is happening or what is not happening. pointing back to last week, three numbers in germany, that upset the applecart.
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negative narrative is dominating the landscape. there is no room for anything positive. until that changes people will keep their hands in their pockets. david: kim, talk about one of the consumer stocks usually a mainstay for a lot of investors. i'm talking about johnson & johnson. the numbers weren't too bad but stock was down about 2%. the real concern, it seems to me, larry touched on it, is what is happening over in europe. whether domestic demand, demand from u.s. consumers is strong enough to overcome the weakening markets from europe and china. what do you think? >> i can't agree more. that is one of our major concerns, is, how much impact is the slowing rest of the world? by that i mean, non-u.s. what is that going to have on our companies? as you know, especially really large companies like j&j, intel, microsoft, everybody, a lot of their revenues comes from the rest of the world. so, we're looking at america, which is the best place in the world right now.
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our economy is very strong. liz: kim, one second, we do have, speaking of america, the largest chip company in the world based in america, intel. tracy byrnes has the numbers. how did they do? >> they beat all around, liz. earnings per share was 66 cents versus 65. revenue, 14.6 billion. the street was looking for 14.44. overall, all their groups we saw increases in revenue, data senter, q3 mobile. numbers look good. we'll keep looking for you. back to you. liz: mobile is something that ceo brian krysnich definitely wanted to do. the stock trending higher in the after-market session. this name bucked a year long trend of hovering around 21, $25 a share. it moved over the year considerably, david. david: indeed. going over what kim said i wonder whether intel is one of those bellwethers? we're really focusing on two things here. on domestic demand and foreign demand. we know foreign demand is
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weakening. that can be particularly critical to a company like intel. >> it could. i think that the intel earnings is just enaddictive of how earnings are going in general. the last two quarters. looks like this quarter is going to go the same way. you know, the fundamentals under stocks basically are how much they earn. and, you know right now, we've had, that has been a strong driver for markets. and also, you still have the stock buybacks from corporations. so you have the not only the stronger earnings but you have the stronger earnings per share. so, to me the fundamentals under the stock market still look very strong. >> kim, that is one of your picks actually? you like intel. >> i do and i like it because they have demonstrated they can, they can execute which is all you should be looking for in a stock, right? liz: well innovate too. they have got to innovate. >> right. well, that is what their particular niche is. i don't know that like every company needs to be a huge
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invery know vator. but they were. they can capitalize from it. investors finally getting rewarded for this. it is tough to have patience but a quality company like intel does come through. and the chip sector has been hit last couple of days. this might be something that turns around the market tomorrow. david: oil is the elephant in the room, larry shover. we're looking at a drop in oil today of almost 4 1/2%. just under 4 1/2%. one of the biggest losses in oil we've seen for a long time. we have oil at 81.96. granted on the high-end of 81 but we're getting close to the 70 as. hold on a second the president is talking. >> arab nations, turkey, nato allies and partners from around the world. so this is a operation that involves the world against isis. so far we're seen some important success. stopping isil's advance on
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eastern beale, saving -- erbil. retaking mosul dam and retaking isil targets and fighting across iraq and syria. obviously we're also focused on the fighting taking place in iraq's anbar province and what deeply concerned about the situation in and around the syrian town of kobani, which underscores the threat that isil poses in both irrake and syria. and coalition airstrikes will continue in both these areas. one of the things that, has emerged from the discussions, both before i came and during my visit here, is that this is going to be a long-term campaign. there are not quick fixes involved. as with any military effort there will be days of progress and there will be periods of setback but our coalition is united behind this long-term
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effort. our nation's agree that isil pose as significant threat to people of iraq and syria. it poses a threat to surrounding countries and because of the numbers of foreign fighters being attracted and chaos that isil is creating in the region, ultimately poses a threat beyond the middle east, including to the united states, europe and far-flung countries like australia that have already seen terrorist networks trying to infiltrate and impact population centers on the other side of the world. so we are united in our goal to degrade and ultimately destroy isil, so that it is no longer a threat to iraq, to the region, or the international community. but one of the things also been emphasized here today, this is not simply a military campaign. this is not a classic army in
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which we defeat them on the battlefield and then they ultimately surrender. what we're also fighting is an idealogical strain of extremism that has taken root in too many parts of the region. we are dealing with sectarianism and political divisions that for too long have been a primary political organizational, rallying point in the region. we're dealing with economic deprivation and lack of opportunity among too many young people in the region. and so, one of the interesting thing to hear from our military leadership is the recognition that this can not simply be a military campaign. this has to be a campaign that includes all the dimensions of our power. we have to do a better job communicating a alternative
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vision for those who are currently attracted to the fighting inside of iraq and syria. it is going to be absolutely critical to make sure that the political inclusion that prime minister abadi of iraq is committed to is actually translated into real progress. it is going to require us to developing and strengthening a moderate opposition inside of syria, that is in a position then to bring about the kind of legitimacy and sound governance for all people inside of syria. and so in addition to denying isil safe haven in iraq and syria, in addition to stopping foreign fighters in addition to intelligence gathering and airstrikes and ground campaigns that may be developed by the iraqi security forces. we're also going to have to pay attention to communications. we're going to have to pay
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attention to how all the countries in the region begin to cooperate in rooting out this cancer. and we'll have to continue to deliver on humanitarian assistance of all the populations that have been affected and we have three countries here, jordan, lebanon, and turkey, who obviously are bearing an extraordinary burden from the displaced persons not just recently over the last few months, but for several years now as a consequence of the civil war in syria. that all plays a part in this campaign but i want to thank all the nations who are represented here in what is growing coalition. i'm encouraged by the unanimity of viewpoints and, the commitment of the countries involved to make sure that we're making steady progress. before i close i do want to say something about another top i can that is obviously attracted a lot of attention and that is,
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and that is the situation with ebola. we have made enormous strides in just a few short weeks in standing up a u.s. military operation in western africa that can start building the kind of transport lines and supply lines to get workers in liberia, sierra leone and guinea and a number of countries represented here arerepresented here are stepping up and doing what is necessary for us to contain this epidemic. as i said before, and i will keep repeating until we see more progress the world as a whole is not doing enough. there are a number of countries that have past have not stepped up. those of us that stepped up, all of us will have to do more because unless we contain this
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at the source, this is going to continue to pose a threat to individual countries at a time when, there is no place that is, more than, a couple of air flights away. the transmission of this disease, obviously, directly threatens all our populations. in addition we have not only humanitarian crisis in west africa, that threatens hundreds of thousands of lives, but we have secondary effects of destabilization economically and politically that could lead to more problems down the road. everybody is going to have to do more than they're doing right now. i'm reaching out to those with the capacity to do more. i speck with general secretary ban ki-moon, who agrees everybody has to do more. i can assure everybody that the united states will continue to do its part.
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with respect to ebola here in the united states, we are surging resources into dallas to examine what exactly happened that ended up infecting the, the nurse there. obviously our thoughts and prayers are with her. all the health care workers that put themselves in challenging situations in treating this disease, that all lessons learned from dallas are applied to hospitals and health centers around the country. as i said before we have public health infrastructure and system support to make an epidemic here highly unlikely. obviously one case is too many. and we've got to keep on doing everything we can to particularly to protect the health care workers because they're on the front line in
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battling this disease. we instituted additional screening measures at jfk airport, that will apply to number of other airports where we know the bulling of travelers may have come into contact with ebola may have coming through. we're confident we'll put those in place in, in the days ahead. but in the meantime, our thoughts and prayers are with the nurse, like some other nurses and health care workers around the country day in and day out do what they need to do -- david: that is the president talking about ebola and isis. what you couldn't see there were the foreign dignitaries. they were at a horseshoe-style table there. were certain generals there from our military. there were 14 military dignitaries there as well. it was a powwow what to do about isis. you heard him talk about ebola at end of that. liz: peter barnes will be detailing more. peter flags one specific thing
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the president said where there will be more airstrikes but there will be setbacks that the american people have to be ready for. first time he ever said that. bring back the panel in place. here come the futures. larry shover, did anything change? how does it look? >> right now nothing changed at all. in fact, status quo. remind me of in february. things were pretty baghdad then. auto sales were bad. i'm fully acknowledging and so is the market news is not great. european news got marked down quite a bit. traders are more afraid of the volatility, more afraid of the stocks than they are, than they are the economic landscape where the narrative is in place. david: gotcha. kim, let me go to you and talk about two variables that the president just talked about, ebola and isis. if isis rolls into baghdad, for
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example, the market will respond, correct? >> yes. maybe that could be the thing that drives oil prices up a little bit. that is the kind of thing you have to look at. each one of those outside the realm of investment news. where does it play in investments? it does make people nervous. these are very big, broad, problems. that the u.s. has shoulder, to solve. that is good and bad. we're right in the thick of things. liz: john, markets react but should investors? >> you know, i agree with kim, just periphery, that the problem is mostly psychological. we hope it remains that way. emotions are running high. real problems are centered in europe and china. certainly not in the united
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states. as far as what affects global growth, global economy, those are much more meaningful than something that happens in iraq. liz: remember, 69% of the companies reporting so far have beaten. thank you, kim forest, john merrill, larry, thanks to you all. david: intell, news of the day, shares are rising in after-hours trading following third quarter earnings release. liz: let's head back to nicole on floor of the new york stock exchange, looking at all the details. >> what can i tell you, liz and dave, looking good for intel, coming out with improved numbers for the latest quarter. giving strong guidance going forward. with in after-hours is popping 2 1/2% to the upside. closing value is $32. it is 32.14. the bid ask is 32.33 and such. go through the numbers. >> per share you had a beat of 66 cents versus 65 cents. revenue came in 14.6 billion, beating estimates of
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14.4 billion. they also see sales that could likely, may, those were their words, that may top the estimates for corporate pc demand. as i noted solid guidance going forward. just the health of the pc supply chain looking good with that. overall, bit by bit, the mobile numbers, intel, third quarter mobile communications revenue, one million. they broke those down as well. ultimately a good quarter and good outlook helps intel in after-hours. one to watch tomorrow. liz: widely-held stock in portfolios. brian krysnich, the ceo, first on fox business, 3:00 p.m. stay tuned for that. >> while the nation struggled to contain the ebola epidemic in west africa, calls for the u.s. to ban flights from the region are growing. will blocking air travel seal the country? is it doable or possible to implement? a former united airlines captain to weigh in on that. liz: drivers seeing some easing
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at pump, i say some. oil prices are lowest in 27 months. but why does it take so long for the price at pump to follow down the price of oil overall and how dis6 does it fit into the economy? david: we're taking out our crystal ball for you. we have broken down two names that could beat and two that could miss. we want to take your pencil and paper out for this one. that is coming up next.
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liz: third quarter earnings kicking into high gear this week with analysts expecting earnings to rise, and this number has been upwardly moved. now it is at 6.3%. we've got our crystal ball out
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for you. we have two names that could beat and two names that could fall flat in the overall picture. errrchst,s welcome, thompson >> thank you, liz. always fun. liz: your record i pretty stunning. get overall feel of 3 q numbers. am i correct, 69%? >> that is usually indicator of rest of the quarter will be like. typically how the first few quarters report will be rest of companies follow through. we expect a few more beats this quarter. every year, every quarter, companies preannounce. they say we will postively renounce or negatively preannounce. liz: yes. >> we tracked that ratio. we have the ratio 3.1, which is 3.1 negative preannouncements to one positive preannouncement. you might think that is bad, compared to the last four quarters that is pretty nice improvement. we had it at 5.6 average last
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four quarters. it has come down. it has gone below the historical average. liz: weakest areas what do you see? >> consumer discretionary. liz: we throw that ter out. that means stuff you don't have to buy, coach purse or michael coors bag or things that you want. >> cars. liz: cars. >> ford is one of the biggest reasons why this is so lo. they had poor earnings. we expect consumer discretionary bad. pulte homes. they're bringing down consumer discretionary. liz: what are the best areas? what sector do you like the most? >> surprisingly materials. alcoa reported other quarter. supported by steel cops. and here is the catch. agricultural companies are doing really well. ones doing fertilizers for rest of the u.s. they're doing fantastic. liz: one thing doesn't change, people have to eat. >> and grow corn.
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liz: give two upside surprises and two you expect to miss. which i worked in local news. we want bad first. the negative surprises. >> wynn resorts. surprisingly one of the casino operators, they have been doing really well but -- liz: i'm stunned you're saying this. elaine wynn was on the program and things sounded really good. >> even on the conference call there was a lot of optimism on the conference call. what i go further in, 70% of the business is based out of macau. liz: what is wrong with macau? they have issues, doesn't they. >> they have a lot of issues and government anticorruption drives, causing less vips to go to macau. wynn is one of higher end kazoo seen knows. they might get affected more than other casinos. liz: there is global slowdown. we have bifurcated situation, u.s. looks good and other areas -- >> wynn doesn't have exposure to vegas. they might see softening from
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that. liz: you said two. >> imax. everybody sees move voice. a average family spends $80 to go out to movies. are they willing to pay a premium to see three d.o.e. movie? if gravity come out they're happy to see it. imax has not had any blockbusters in the last quarter. more than 40% of the revenues are in the u.s. they do great it china but u.s. markets are dragging them down. liz: i thought "transformers" was a block with user it? >> how much translated to imax revenues was disappointment. liz: we're excited with the "star wars" movie. let's get to positive surprises. >> allstate. have you heard of hurricanes? that is great news for allstate. they have a catastrophe charge that they haven't announced. typically what that means they don't expect to need it or well below it. that is a good sign. a lot of analysts way above consensus.
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the consensus right now is 1 heroin $45. we've seen five-star analysts way bought consensus. these analysts have been right in the past. expect them to be right again. operating margins are at all-time high. liz: second pick. >> the second pick l brands. partially because they didn't like that limited logo i think. l brands, victoria secrets, bed bath bodyworks are doing fantastic. women seem to go into the shops, not looking for discounts. liz: looking for pumpkins and candles from bath & body works. they have a positive predictive surprise. our smart estimate is bought consensus. we expect them to beat again. liz: thomson reuters sri raman, we will put his picks and pans on "after the bell." facebook.com/afterthebell. thanks, she? >> thank you. david: he has a great track record. pay attention to what he says. oil diving to its lowest level since july 2012 as iae slashes its oil demand forecast.
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is this a temporary drop or the beginning of a further price crash? calls for the u.s. to impose travel bans from certain african nations starting to increase but how difficult would something like that to be karioth? how would it impact other travelers? we talk to a former united airlines captain coming right up. ♪ so ally bank really has no hidden fees on savings accounts? that's right. it's just that i'm worried about you know "hidden things..." ok, why's that? no hidden fees, from the bank where no branches equals great rates. hard it can be...how ...to breathe with copd? it can feel like this. copd includes chronic bronchitis and emphysema. spiriva is a once-daily inhaled... ...copd maintenance treatment... ...that helps open my airways for a full 24 hours. you know, spiriva helps me breathe easier. spiriva handihaler tiotropium bromide inhalation powder does not replace rescue inhalers for
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over with ebola. there are new ebola protocols for airlines. but how much more vulnerable are the airlines? we have ross aimer, arrow consulting experts ceo. thanks for coming in. are airlines now being asked to do too much? >> good afternoon, dave. yes, i believe so. first of all, i apologize for my casual attire. caught me in between flights on a layover. very hard for airlines to do it on their own as you know. apart from a couple of physicians that i know who are airline pilots, none of russ trained in the medical profession. however, airlines do have precautionary devices on board. we've had them for years. infectious controlled devices. right now the airlines are getting a lot of attention from
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cdc, from airlines. they're sending out informational material and procedures that are getting into place to hopefully prevent this thing getting on aircraft. that is the number one goal. not to get it on the airplane. david: the procedures themselves are now in question because people's specialty with focus on healthcare contracting the disease. if they are considerate offing the disease and they're falling protocols, and they have a lot more experience than you guys do with it, you could make bigger mistakes than they are? >> precisely. none of us are trained to do this thing. if they give us proper material and hopefully as professionals
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we'll detect and stay away from infections. >> the point is, they don't know what the proper protocols are. that is the problem we're discovering. protocols right from the top, right from cdc are not sufficient sent to prevent people from getting ebola. i go to the second part. until we get the protocols, that actually prevent people from getting ebola, should we not have a travel ban to and from those countries? allow health care. to prevent people potentially with ebola from coming out of those countries? >> you may have a point, david. you and i talked last time we basically stopped going into israel because it was a war zone. this is actually worse. so, we may have to stop going into the infected areas, just for a short time, until we get this thing right.
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although airlines like i said,. we get lots of information coming from airlines, coming from airline pilot unions, from cdc. they're trying to prepare us. they're trying to train us basically as fast as they can. but, maybe, for a very short time we may have to just stop going into those places. david: how difficult would it be? we don't have direct flights from liberia through the united states. it would show up on people's passports. even if they get into europe from one of these countries we could prevent them from coming into the united states, could we not? >> sometimes we can't. with connections through europe and other countries, even though we don't fly into some of those places, we have alliances with a lost local airlines.
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it will be kind of hard to try to stop completely. but they have to put in place some kind of a prevention to perhaps, screen all of the folks that are coming from infected areas. david: captain ross aimer, i have to let you suit up for next flight. thank you for coming in. >> my pleasure. david: liz, over to you. liz: chinese e-commerce giant alibaba slide into correction territory, trading down 10% from the all-time high. is the drop actually a chance to buy? ore are shares heading lower? a top analyst weighs in on alibaba. how low can it go. oil drop together lowest self since we heading lower? is it a good thing for the economy? we'll have the answers next. she's still the one for you.
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liz: the price of oil plunges. we've been telling you that. it has fallen 4.5%. posted the steepest one-day drop in nearly two years. after the international energy agency slashed its oil demand growth forecast for the next two months, by more than a 1/5 and out through 2015. david: are lower prices bad for the economy? what is going on? we have john kingston, platts. thanks for coming in again.
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liz mentioned demand is down because of what happened in europe and china. supply is, my question, are they squeezing u.s. producers to get prices so low they won't make money? >> they have done this before. it's a long slog, mid 80s, late '90s they will not roll back production because without that there was no balancing mechanism in the market. very clear they're doing this again. their formula prices, get tied to benchmark and differentialals they're widening with more competitive terms. they are clearly making market share. others have to get out of the way, not them. liz: everyone sees this through a different prism. some say it is terrible for the economy. people are worried, they will use less oil for all sorts of energy. others see it as real positive especially going into the
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holiday season. less to pay for gasoline at the pump, means more in people's pockets to spend. >> what is not to like? the oust situation has changed considerably, the u.s. is net importer of 5 million barrels a day. when the united states of america makes up every morning it is short oil. if you're short oil, a drop in price helps you. this is unmitt gated good. might be some baggage and carnage in different parts of the country, but this is unmitt gated good. longer term, the oil industry, energy industry has been major employment engine really through the entire obama administration. it was first engine of growth in 2009. you start to get losses in the oil fields, that is going to hurt. i would say this, i think a lot of companies, it is tough to build a good workforce. a lot of skills out there. tough to acquire. i think you will see companies try to hold those workforces together, rather than mass layoffs. it will be hard to bring those welders back to the bakken or
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out to the eagleford in south texas. not easy to do that. david: national average of gasoline is about 3.19. a lot of people are spending much more than that at the pump. why, when we see the dramatic drops in the price of oil, why does it take so long to it had the gas pumps? >> well, everybody blames oil companies. oil companies once a day or twice a day, they set arak price. those numbers move all the time. they have to stay competitive. oil companies change on regular basis. retailer will keep his price up as long as he can, until the guy down the street get as cheaper load. he lowerses his price. eventually catches up, but the issue is not with the oil companies. they do lower their prices on regular basis at the rack. retailers will take as much time as they can. liz: wait a minute, sometimes the oil companies are retailers, bp, exxonmobil, they're integrated. >> they don't own the stations.
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they franchise those out. those are franchises. they do not own the stations anymore. they do not own the land. there may be a very small portion of stations in this country continue to be owned by major oil companies but really, really small. liz: in positive sign there are some price wars right now in massachusetts, interestingly enough. "the boston globe" was writing in certain areas, holbrooke, for example, they're fighting to get lower price down the street. they want to beat out the guy up the street. >> this is very competitive market on the street. people said only for pricing in for pricing in gasoline business is ladder and binoculars to see what the guy down the street is it doing. david: what about demand? people are saying because of europe, obviously good for the consumer that prices are coming down even if it take as while to get to the pump but is it indicative of a bad overall global economy, the fact that prices have gone down so much with oil? >> some is efficiency. the u.s. economy which is half decent shape, demand year on year is only up a few hundred
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thousand barrels a day. that percentagewise, that is a lot less than the growth. chinese were on one-to-one correlation on demand and economic growth, they're going to grow 7% this year. oil demand will grow 1%. there is a lot of change and efficiency. it is really getting a lot more efficient there. as far as demand numbers. iea demand numbers are pretty shocking. their estimate what opec needs to produce is can to keep markets balanced. 700,000 barrels a day than current production. the task in front of opec, they will meet on thanksgiving day in vienna. i don't think too much americans will pay attention. it will probably be the most contentious meeting in several years. liz: juicy. david: john king stone, thank you very much. put it all in perspective. liz: alibaba shares bruised briefly, falling into correction territory briefly. why are investors dumping out of this very hot ipo?
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remember that, dave? is it the perfect buying opportunity? we'll look at that. david: most of us about to head out the door and you see your phone battery just about to die soon. you will not have to wait an hour to recharge it. may take just a couple minutes. details coming next. ♪ (trader vo) i search. i research. i dig. and dig some more. because, for me, the challenge of the search... is almost as exciting as the thrill of the find. (announcer) at scottrade, we share your passion for trading. that's why we rebuilt scottrade elite from the ground up - including a proprietary momentum indicator that makes researching sectors and industries even easier. because at scottrade, our passion is to power yours. when folks think about wthey think salmon and energy. but the energy bp produces up here creates something else as well: jobs all over america.
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engineering and innovation jobs. advanced safety systems & technology. shipping and manufacturing. across the united states, bp supports more than a quarter million jobs. when we set up operation in one part of the country, people in other parts go to work. that's not a coincidence. it's one more part of our commitment to america. suddenly you're a mouth breather. a mouth breather! how do you sleep like that? you dry up, your cold feels even worse. well, put on a breathe right strip and shut your mouth. cold medicines open your nose over time, but add a breathe right strip, and pow! it instantly opens your nose up to 38% more so you can breathe and do the one thing you want to do. sleep. add breathe right to your cold medicine. shut your mouth and sleep right. breathe right.
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david: after weeks, months much hype, and 38% pop on first day of trading, shares of alibaba come back down-to-earth, hitting all-time low for the third day. liz: it briefly entered correction mode, falling 10%. is that the buying opportunity many have been waiting for? or is there more pain to come? we have wedbush securities managing director. which is it, gil, is this a buying opportunity at this point? >> it appears to be. they're trading on the low end of the training range. i would consider low end of 25 times next year earnings and 35 times next year year's earnings. we'll find the price somewhere there and lows closer to $80 it is trading at the low end of the
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comparable range such as baidu where they are attractive because they have a better business than those other two companies. that is the low end of the ranges. the fact that the stock come down with a lot of other high multiple stocks presents an opportunity. david: well that's it. it is not in a vacuum, gill. it happened at a time when market had this big downdraft. also happened at a time by the way the protests were going on in hong kong. they haven't ended. they're still going. is that affecting the price of the shares? >> i believe so. it is not that hong kong is itself a factor for alibaba. about contagion and disruption of way of life for main land and hong kong. if the chinese consumer not operating in a stable environment then maybe they don't grow their shopping by 30, 40% a year the way alibaba needs it to. that is the source of the concern. i think we're pretty far from seeing hong kong protests turn into a bigger issue for china at
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large. liz: i'm glad you brought up hong kong. this is the not first horse race for alibaba. they listed for a while in hong kong and it did not work out well. jack ma and company had to buy back all the shares and disappear and find their way again. failure is not always bad because it is part of success. is this the average stock for retail investor to try to dip their toe in? >> let's start by answering that question first. there are a lot of risks associated when investing in a chinese company, especially one whose above nance structure with -- governance structure are on cayman islands and. there are lot of risks associated with. that the alibaba in hong kong was just the wholesale piece of the business which is relatively small piece of the business. that piece stopped growing. the alibaba.com that went public on the new york stock exchange is the one that owns two big chinese brands that are growing
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quite quell well. so they had an experiment on the on the hoppings kong exchange with the wholesale biz. it doesn't go well of the company that is publicly-traded now as baba, is the entire group which includes very fast growing franchise in china. david: let me ask about alibaba's desire to get into the u.s. market. i'm already getting pop ups from alibaba express which is their attempt to compete with amazon and rest of them. the fact with chinese security issues and the fact they have been known to hack into your systems, do you think that will be trouble for them as they try to get more market share in the u.s.? consumers fears of them hack income. >> one of many challenges getting into the market ebay and amazon have a good hold on u.s. market. people trust them and learned to trust them over many years. any new entrant will have a challenge getting consumers in the u.s. to change behavior,
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especially one from china. i think most likely scenario, they will try to acquire a business in the united states, possibly even ebay itself in order to get into that business. it is part of their longer term aspiration. david: gil luria, wedbush securities managing director. good to see you. >> thanks, gil. >> thank you. liz: tired of having your cell phone battery die at the end of your busy day? coming up "off the desk," we'll tell you about a new battery that could be a true game-changer. we'll tell you how long you can go without charging. david: also one airline is really going way out of its way to make sure that you have a relaxing and pleasant flight. coming up, we're going to tell you about a new service that is being offered to families.
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new york state is jump-starting business with startup-ny. an unprecedented program that partners businesses with universities across the state. for better access to talent, cutting edge research, and state of the art facilities. and you pay no taxes for ten years.
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from biotech in brooklyn, to next gen energy in binghamton, to manufacturing in buffalo... startup-ny has new businesses popping up across the state. see how startup-ny can help your business grow at startup.ny.gov liz: let's go off the deck. there is nothing worse than a screaming child on a plane of course. unless it is your child that is screaming.
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david: no, even then. even then. >> it is awful. an airline is offering a parents dream solution. free flying nannies to help entertain your kids, insuring parents and fellow travelers they will get peace and quiet on long haul flights. nan i-iey staff does it all, to refilling bottles to children activities and refilling. they will receive training. david: doesn't say how much they will pay for the nanny. i imagine you pay through your teeth. if that is the result, all food. are you tired of your phone battery draining and waiting hour to recharge? how many times does that happen? group of researchers in singapore are developing a battery, so strong it can juice up the phone in only two minutes. do you believe that? the battery will last for 20 years. lithium-ion battery that is efficient. can charge in a car as little as 15 minutes.
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all this research is, researchers expect to have the battery on the market in about two years. liz: first in line. number three thing to watch tomorrow, will be intel, the stock trading higher in after-hours after beating earnings estimates on both the top and the bottom line. tomorrow don't miss our "first on fox business" interview with intel ceo brian krysnich. he is expected to have a major announcement that could have a big impact on intel's future, its competitors and all that is going on in his realm. that is tomorrow 3:00 p.m. eastern. right here on fox business. >> perfect time to have him on. number two thing to watch tomorrow, that is third quarter results from the bank of america and netflix. you saw what happened to jpmorgan today. big day for jpmorgan. even though the stock didn't benefit from that. the second biggest u.s. bank by assets is expected to report a loss of nine cents per share tomorrow. that is bank of america. loss includes a 43-cent charge that is tied to the bank's 16 dal billion mortgage settlement. that thing with the u.s.
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government took place in august. revenue expected to be about 21.36 billion. analysts expect netflix to report earnings per share of 93 cents. and revenue of $1.41 billion. >> number one thing to watch tomorrow, will be the federal reserve beige book. that is set to be released at 2:00 p.m. eastern. this report covers economic conditions in each of the 12 fed districts. this really helps guide fed policy-makersp at the big two-day meeting later this month. i would argue that we need to watch the transports. they jumped some 200 points today. david: let us put up on the board oil prices if you can. oil was down about four, over 4% today. one of the biggest drops in the price of oil in a long, long, time. 4% was the drop. we are going to wait to see if it goes into the $70 level. if that happens, there may be
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question how much fracking will end as a result. how many wells will be capped. liz: and how many companies might go under because too much after land grab that went bad. david: that's it for us. meanwhile "the willis report" is coming next. >> hello, everybody i'm gerri willis. coming up today on the show, the ebola virus is proving to be even more deadly. we'll have the latest including calls for the cdc director to resign. fidelity handed down the next generation, so what does a new female ceo mean for your money. open enrollment kicks off tomorrow but what should you be looking for? and how high are costs going? we'll have the answers in the users guide. "the willis report" where consumers are our business starts right now. gerri: the world health

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