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tv   After the Bell  FOX Business  October 30, 2014 4:00pm-5:01pm EDT

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[closing bell ringing] basically the big canyon company placement. we hear that general motors stopped deliveries of the chevy colorado and gmc canyon pickups over airbag issue. that is moving. look how stocks finished up, david. 222 points. david: all good, all good. liz: very good. the russell, a star here, up nearly a percent but it is the dow that shines the most brightly and nearly every stock is moving higher. we have volatility coming down, gold plummeting in price as did most of the commodities. let's get right to it as we await earnings from gopro and starbucks "after the bell" starts right now. david: getting right to today's market action, mike binger of grade yet investment why you should stay away from utilities even though today utilities took off. he is a contrarian. pete lang of lang capital tells
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his formula to outperform the market. alan knuckman on floor of cme. alan i was starting with gold but we're startings with market. why the optimism in general? >> as your resident optimist i have nothing to complain about. as you look at it, fundamentals are fantastic. they improved since the last election and i know that is focus next week and the election before that. there is nothing to complain about. the only complaint wages haven't increased since comeback of employment. gdp, low unemployment, great earnings, low energy price, the list goes on and on there. is nothing to complain about but people are still very skiddish for whatever reason. liz: let me just also bring in first time jobless claims out this morning and when you link six months of these together it looks like fewer applications for unemployment benefits have been filed than we've seen any other time in 14 years! so this goes well beyond the
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financial crisis at the moment. that brings me to mike binger. things look very good. how do you feel about being in stocks right now, or have we miss ad major run-up? >> no, i feel good about stocks right now. i think a year from now stocks will be much higher. the driver of stocks is the economy and corporate earnings. we're in the midst of corporate earnings now and they're good. the economy in my opinion is doing fairly well right now. the fed confirmed that. they said look, the economy is strong enough. we don't need q anymore. gdp numbers were a hit today. job market is getting better. jobless claims confirm that so the economy is doing well. corporate profitability is doing very well this quarter. finally valuation and valuations are not out of whack especially we look out to 2016 earnings. david: until, pete, until interest rates start moving up. you're a bull but even you have to admit when interest rates start going up, you know, the
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fed is not changing its tune about that, at least in the last meeting, what happens to the market when interest rates go up? >> i think what we're going to see an erosion of corporate profits. when that happens, you're going to see some pullback in some stocks. so it is very, very important to follow earnings. that's what's critical. trying to help investors focus on shares that are really trading with strong earnings, for example, technical analysis you could take five of the top s&p sectors, the top five dividend yielding stocks, if you picked those 50 stocks, they would be up year to state 10%. liz: hold on a second. we need to pick a stock and it is called for linkedin. the numbers are in. cheryl casone, how did they do? >> the company not disappointing investors coming with earnings per shear that beat. 52 cents was number. the estimate was 47 cents. you have a beat on earnings per share. look at revenue. strong quarter for revenue for
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linkedin. $568 million was actual revenue number. 567 and change was the estimate. we're getting a nice beast. guidance for fourth quarter, revenue guidance, 600 million, to 605 million f they're coming in 568, they're telling us next quarter is even better. bullish sentiment and looking at bid and ask right now, there is a bit of some movement to the downside here after-hours on linked in. we'll dig into numbers to let you know what is going on. overall headline numbers on linked in are strong. we have to find out if recruiters are now using linkedin and are they monetizing traffic to the site and how the marketing money is flowing into the company. liz: good point. they tried to evolve their company and not just remaining original efforts. so they come on and talked about that. let me quickly get to alan knuckman. a slight pullback on what a considered a blue chip or darling of social media.
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>> yeah, but we've seen that with facebook, obviously and twitter. they have to relieve the pressure with the run-up. linkedin has been trading 220 and 240 this year and support is 190. i'm looking for recovery. that target is 270 from a technical standpoint which is 35% higher. this guys in this sector figure out how to make money. david: holy cow, optimist coming up thinks 240. 270, that would be a huge jump. this stock is down after-hours significantly. we're talking about 7 1/2% move to the downside after-hours. so it may be a while before it gets up to 270 if it starts at 190 tomorrow. let's go back to analysts here. mike, i want to back to you to talk about the fed. the fed did kind of confirm this week that the economy's okay. my rate question, if the economy is okay, doesn't that move up the time which they boost up
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rates a little bit? >> really, i don't think it will. they did leave one verbage in their statement. david: that's true. >> unchanged. that was the considerable time statement. >> no, that's true. >> i think we're going to have low rates for quite some time, probably back of 2015 of the then they start to raise that fed funds rate. david: then what happens you? heard pete saying that, the market will take a hit when at that happens. >> well, i tend to disagree a little bit. i think as interest rates rise, if they rise from a low level, and go higher because the economy is doing stronger i'm okay. i don't get worried until about 5% on 10-year treasury yield. i think at that point high interest rates choke the economy a little bit. david: pete, i have to ask you about intel. it was down big time 4%. you like intel. i imagine you liked it before it was down 4% you're buying into more down 4%. you buy low? >> absolutely. intel is a great stock to buy as well as i love i-shares
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technology, great way to own apple, intel, microsoft. buying on the dips are calls good. liz: we need to get to jeff flock right now. there is as we mentioned at top of the show. breaking news, general motors has order ad stop sale of some of its cars with airbag issue, jeff. >> this is not takata. this is separate issue. it is interesting, if you were watching world series last night you saw the wonderful performance by madison bumgarner. he got a chevy truck a canyon. they have order ad stop sale now on both, the gmc canyon and chevy colorado. get a colorado or canyon? david: got a canyon. >> he got a canyon. it is the gmc canyon and colorado both, 2015. they have order ad stop sale on them. there is a problem with the stop sale because of airbag. there is problem with wiring. this is not the same as takata where there is a problem in degradation over time in chemicals that cause airbag to
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explode and deflate. this is separate issue of the they ordered sales to be stopped until they are fixed at dealership. according to sales figures as of september, there were only 47 colorados and canyons in the hand consumers thus far. chevy and gm says that the vehicles are safe to drive. so you can bring them in to be fixed. you don't have to stop driving them but they stopped selling them for the moment. david: we have another news break here with starbucks numbers coming in. looks like they're trading down after-hours. cheryl what are the numbers? >> that is correct, david. shares of starbucks are trading down after-hours. it's a couple of things. the cost with buying out that japanese portion of the business they didn't already own. think it is japan. let me go through numbers. coming a little shy on revenue. that is slight miss there. 74 cents, adjusted for earnings per share. so that's flat. basically couple things here with regards to starbucks. they're giving different numbers as far as what is happening globally.
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looks like it is strong global sales up 5% quarter over quarter. also telling us for fiscal 2015 they're predicting a very strong 2015. so their guidance is good. more what hit them in this quarter and that in particular has got, part of that got to be coffee prices and obviously another piece of this will that be japanese acquisition they're saying in headlines seeing crossing, buying out that 60% stake in japan they didn't own before, that did cost them frankly. that did affect the numbers here. dig into numbers more, overall shares of starbucks as you see on your screen, looks like we have a little reversal. we'll see what they go from here. liz: mike binger owns it. what do you think, mike? >> sound like very inline quarter for me but more importantly they're guiding to higher numbers in 2015. liz: right. >> i think starbucks is a great franchise. people will want to pick it apart with coffee, dairy costs or same-store sales but think they have a lot of runaway
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international. -- runway. i think people will price and get their starbucks coffee. this is stock to own with pullback and participate in growth for a long time. david: 3 1/3% pull back f you like starbucks as much as mike does you want to be buying in. we'll see if numbers hold up. liz: mike binger, pete lang, alan knuckman. david: linkedin as reported moments ago still trading down. it is down 5.8%. but get this, the stock itself is up 28% in the past six months. will the numbers keep going? we've got an analyst coming up who has a $240 price target. that is a 20% increase. liz: indeed. plus he produced inspector gadget, super mario brothers and g.i. joe, just to name a few iconic names. now he is partnering with warren buffett to educate younger generations about money. he is doing this for animation. we have him. we're talking to him about the project straight ahead.
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david: the real impact of qe. did the fed succeed or fail? why gold could go into the hundreds. are americans waiting for a non-presidential president? and airline seats are about to get even more uncomfortable. all those subjects and more with our panel straight ahead. ♪
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empowering gamers around the world to interact in ways they never thought possible. this cloud turns data into excitement. this is the microsoft cloud. david: linkedin shares paring losses after-hours following third quarter earnings. liz: let's they had back to nicole petallides on floor of new york stock exchange. nicole? >> couple of things looking at
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for linkedin. so the quarterly revenue rose 45%. there is earnings per share. >> per share beat the street coming in at 52 cents, versus estimates of 47 cents. you see here in after-hours the stock has been slipping. we'll bring up revenue for you as well. the big picture revenue rose 45%. they talk about their long-term strategic investments they began. those are continuing to grow. and that they have made significant progress with that, but the big picture here is the outlook that i'm looking at and that the forecast is a little short of what analysts had been expecting, coupled with the fact that growth has been slowing and recruiting growth, that also slowed. so you got to take that into account. those are three weak comments, coupled with some good news which is revenue and earnings per share, that beat. so that you have got to put it all together right now. right now seeing it down 2 1/2. maybe a little more, almost $3. that's what we're watching for.
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you know social media had a hard time and user growth numbers something we saw with twitter. that is what they're echoing that. david: but it has come back quite a bit since the immediate falloff after-hours. thanks a lot, nicole. >> thanks. liz: who hasn't got a, join my linkedin network. david: every day. liz: bob peck, suntrust robinson-humphrey managing director. he has been scrutinizing these numbers. hi, bob, this is a great company. just seems like at the moment earnings no matter what they come in for these social media names have engendered a selloff. what do you think about it? can you clear the air for our viewers? >> yes, i think all three are very different story. linkedin, numbers for the quarter look very good. they beat across all revenue items, ebitda and eps. initial pullback for 4-q guidance linkedin notoriously gives lower but ends upbeating. facebook had a great quarter but
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decided to spend against an investment curve and that's why that pulled back. david: you have a 20% higher price target for the stock. you have $240 price target. trading 200, flatting at 200. are you going to change that target based on what you heard today? >> as we do with every quarter like to flow the numbers, hear what management says, do call back with management. our target is 15 target. we think the stock rises 20% over next year. we'll see how the numbers pull through. liz: this was a new business line for linkedin. how is that doing? sometimes they fall flat or soar. looks like it is doing well. >> that is falls into the premium subscriptions bucket. that beat by about $5 million or so. looks like it is doing pretty well. we noticed in survey work we've done, good traction on that and good up take by salespeople. even in our own personal feed. looks like it is off to a good start. david: bob, i'm wondering we had
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a pickup in employment. we had a lot of people pull out of the market. that affected unemployment. a lot of jobs are not well paying as they were before. you have a product like linkedin, how much part of improvement on the unemployment figure do you credit to linkedin? >> you know, that's a great question. linkedin is interesting. it mass been primarily white-collar job sourcing. they're expanding that down to the blue-collar as well. as general employment numbers go, should have impact on linkedin. right now linkedin owns this market. if you're a recruiter, you almost can not not be on linkedin. liz: we have recuters on that said that. >> it is above closing value of the stock. so they pulled ahead. bob peck, thank you very much. suntrust robinson-humphrey director, thanks for being on. gold at lowest level of the year falling below the key $1200 level as fed ends qe problem. could prices drop into the
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triple digits, into the hundreds? liz: millenials expected to play a key role in this midterm election. young voters already warming up to their preferred candidate. we'll tell you who it appears they're favoring. david: speaking of jobs, are you looking for one? you're not alone. millions of americans are out of work but companies are hiring. we've got two specific companies hiring for specific jobs you might want to take a look at coming up. ♪ 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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liz: we have breaking news on citigroup. it had to adjust its most recent earnings report. this just came out october 14th but right now, citi is now saying that it has
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had to downwardly adjust its third quarter 2014 financial results due to a $600 million increase in legal fees. so this is cutting citigroup's numbers that again, they did just report on october 14th. citi is lowing its third quarter net income from 3.4 billion to 2.8 billion. the stock is trading slightly lower than after it closed, dade. david: going for a good cause for the lawyers, right? liz: just what the lawyers need. david: for the markets shrugged off that the fed stopped adding to huge bond portfolio, $4.4 trillion. the fed is taking credit because of qes for booming market and economy. is that credit and self-praise deserved? let's ask our all-star panel. we have fox business's tracy byrnes. larry shover, ffccio and, jeff,
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from payden & regal. do you think as a whole, is the qe good or bad for the economy. >> like home yo path thick remedies for health ailments, david. it hasn't done anything but makes everyone feel good. makes economists feel good and makes investors feel good but it is not doing much. job growth, 2%, david four years. economic growth, 2%. inflation, 1.4% t hasn't really budged with qe or without qe. so i say it hasn't done much. david: to your point, jeff, i will go to tracy next but i want to say with jeff for a second, year before third qe started in 2012, we created, economy created 2 million jobs. the year after, 2 million jobs. to your point looks like a wash. >> that's right. david: tracy there is one thing not a wash, i think it's a negative from qe. let's put up the chart. inflation and interest rates. only, this is going back 40 years here, as you can see. look at the last three years.
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you have inflation as low as inflation is it is still higher than interest rates. in other words, if i'm a saver, i'm losing money. i'm bleeding money if i keep it in a savings account. that is bad for the average american. banks are less lick lie to lend when returns are low, right? >> the policy backfired completely. bank's part is big story. administration is consistently on the banks to lend money but what for? there is no incentive. why would i give anybody money 30 years to get 1%? i might as well invest myself to do bertha. is part and parcel thousand the thing backfired. $4.5 trillion, i'm not sure what at end of the day, david. david: larry shover, yes or no for the qes? >> why am i always the outlyer? david: nothing wrong with that. >> we have to remember where we were. hard to look in rear view
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mirror, we lay with every problem not enough growth and wage, lack of inflation, et cetera but hard to compare where we were in november of 2008 going on the next qe. we were ready to go off a cliff and banking system and the housing market, et cetera. so i think it has been one of those things that helped speed up the process to we could begin healing on your own. david: you're welcome to your opinion. we like contrarians even if on the whole you're just a contrarian here but i think it's a wash. larry, i will go to you here to talk about gold. we saw it settle below 1200. is it going to go into the hundreds? what do you think? >> i don't think so. you know the cost curve is $1,000 right now. we have to remember what is going on with gold, it was driven up to $1900 an ounce in 2011, due to qe, due to fear. guess what? right now, monetary policy in america seems to be dictating gold's price. it seems to be cross over its
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head. a drag anchor. no, i don't see it going below 1,000 but will see middle 1100s. >> back in january they took consensus of big banks, barclay's, jpmorgan, gold was 14, 15 at time. asked where it will go at end of the year? 1200. there we are. david: yeah. jeff, could gold go below 1,000? >> absolutely david. anything is possible but we think it is overvalued. i think at 1200 it is overvalued. i think 800 is closer to what you call fair value, if you look at cpi adjusted gold price over a long time which is what we like to do, it is still too high. the reason for buying gold, the reason for being in that trade for some people, some of our clients even asked about this, it was the fear of dollar debasement. david: right. >> fear of hyperinflation. david: dollar getting stronger. >> fears have abated. david: dollar is stronger but is
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it question because all the other currencies are bad. that is source of another discussion we will have. meanwhile on two-year anniversary of superstorm sandly, governor chris christie challenge ad heckler that repeatedly interrupted him. take a listen. >> tank your jacket off, roll up your sleeves and do something for the people of this state. it has been 23 months since then all you're doing is flapping your mouth and not doing anything. listen, you want a have a conversation later, i'm happy to have it, buddy. until that sit down and shut up. >> as crass as that sounded, and it was crass, is this kind of kick butt politician the country needs right now? let's ask first of all "jersey girl," we have to go to tracy first. what do you think? >> so to his credit he was being heckled of guy, sick and tired, probably wanted to punch him in the face. that being said i love his differry but do not think it is right for country. jersey is comfortable with the tony soprano thing, rest of the
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country, not so much. too much, too crass, too fresh at the end of the day. david: jeff what do you think. >> i've only been recognized once out on the street by very nice lady. she had only nice things to say. so i haven't been in that situation. so i don't know the immediate knee-jerk reaction. i think as investors, we asked ourselves this, who will move markets next few months? i think it will be names like yellen and draghi and not christie. that is just my opinion. i don't put too much significance on it. david: larry, is chris at this the kind of guy we need right now or just the opposite? >> it would be refreshing. i'm a jersey boy. hard to belief been away for 30 years. i do agree with tracy. the big scheme of things having somebody yell and scream like that doesn't make a lot of sense. it is distracting to the message just like when people are worrying about where your birth certificate came from, et cetera, it is distracting. we need somebody who can clearly identify what they're going to do and do it. christie has done a lot on the
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state level. i'm not sure the gigantic middle in the united states is ready for him. david: guys, we'll leave it at. that we'll come back for part two. more from our panel next. who wins if china opens its doors more? airline seats getting even more uncomfortable. but first, liz? liz: david, who better to teach your children about money than warren buffett. the superstar producer of hits like super mario brothers, meddle lynn and g.i. joe tells us how he is linking up with the "oracle of omaha" to teach kids how to handle money. plus two companies hiring big right now. we're breaking down the jobs. what are they? what do they pay? and how can you apply? that's ahead. while the world is focusing on lebron james a player on his former team, the miami heat lit up the court with a slam dunk are saying could be the slam dunk of the season. we're going to show it to you. stay tuned.
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spending and a shrinking trade deficit boosted the growth. unemployment claims this, is also good news, holding near 14-year lows. numbers americans filing for first time unemployment benefits rose 3,000 last week to seasonally adjusted 287,000. david. david: i'm sure you saw the news, liz. visa moving the markets today with a huge jump caused in part by china talking about easing its credit card restrictions. so will china keep opening up its economy to get it moving stronger because it has been weakening recently or will the communist bureaucrats step in to hold everybody back? we are back with the panel. we have tracy byrnes, larry shover, jeff cleveland. tracy or jeff, what do you think, will china keep holding up? >> they have to, david. david: they don't have to. there are a lot of communist bureaucrats think they should be in charge with their overall plans which frankly haven't worked out too well. >> let me rephrase that david.
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if you want real growth you have to open economy and economy which has bottom up, rather than top down direction. i think this is perhaps one example of that. you know, consumers want credit. they're going to find it. they're already finding it, david in the shadow banking system which has sprung up in china. we forget, but it is very important right now, online commerce, particularly mobile commerce, it has taken off, exploded the last five years. people need a way to pay for things via internet. credit cards, that is one way to do it. i think that is rather clumsy and cumbersome. and you know maybe there is bigger question, david. is there better way to do online transfers of value. i personally have an idea. david: larry shover, what about the big overall question? has the chinese economy slowed down enough so they're going to kick out some communist bureaucrats guiding the economy making a mess of the banking system and let the free market work? >> i don't think they will kick out the communist bureaucrats.
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i think they love them. put it into perspective. here is country 18 years ago laid more concrete, asphalt, copper and since 1996, what we've done in 250 years. this is a country that in 1972 when kissinger was there, couldn't even get correct media equipment for the press conference. they have come a long way. what they are is very measured, make no mistake about it. they're still communist but in my world, here's a good for instance. they don't want to have short selling. they're going to introduce options trading but they're scared of that. they don't want high frequency trading. david: okay, larry. quickly, tracy. >> david, they have this network, union pay. they will still have to pay big for every transaction to this union pay. so china still has its hands in this a little bit. look, our household debt,1% to gdp in the united states. theirs is only 37%. the chinese have a lost charging to catch up. david: moving on, airline seats getting more uncomfortable with
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skinnier seats. larry shover, what do you think about these? >> you know, i'm 110-pound and i can not fight into a seat. anybody slightly bigger than me, i can't believe it. i'm very frugal. i will skimp and save. i won't spend three on a cup of coffee but pay any price to sit in airline to be comfortable. i can't believe it. it is time for somebody to figure that out. maybe there is bigger demand for people like me to pay up in a seat. david: tracy i can't tell you how many times i sat down in the middle like, somebody forgive me, chris christie sit next to me. >> that's true. david: imagine with tinier and thinner seats? >> the flights will be all girls eventually, because men will not be able to fit in these chairs. as it is they can't. they're making padding thinner too. i think it is unfair just to be comfortable you have to pay up. david: jeff cleveland, we literally run out of time. give you first and last word next time we have you on. thanks, gain. tracy byrnes, larry shover, jeff
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cleveland. liz, over to you. liz: david up next, former mayor rudy giuliani gives us ideas how the economy can recover more quickly. emmy-award-winning producer of shows, inspector gauge get, captain planet, now he is doing atone with buffett. a toon with warren buffett, a show teaching your children about business. stay tuned. protein in jellyfish, impact life expectancy in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing.
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liz: one is a ledge ena dairy investor and businessman -- legendary. one is award winning producer who produced "inspector gadget" and "g.i. joe." they have come together to create a cartoon to teach your kids about the business of life. this is publicly-traded company, genius brand. and city hayworth is with us. great to see you, andy. talk about the adoption of the secret millionaires club. my mom off thens says i didn't teach you kids enough about finances or even how to write a check, how to save money, how to understand money. what will the secret millionaire's club cartoon do and where can people see it? >> we, the secret millionaires club is a cartoon that is shown on television. it is shown online. get it at www.smc kids.com or on the new discovery kids network.
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and it is on home video as well. it was conceived by warren buffett and us together, to teach kids lessons in financial literacy. not so much about learning how to read a balance sheet or anything like that but lessons that will serve them in life as well as in business. liz: really financial literacy, financial literacy should be required especially because people don't understand in the first paycheck, even if they parcel out a little bit, they should save for the retirement and their future what is it, what are the messages that come through on the secret millionaires club? >> you're exactly right. it is about savings. it is about honesty. it is about good partnerships. it is about location of a business. , any number of values that are easy to understand and serving kids and serving adults. those that no warren, all of his lessons are really simple lessons and based on a certain
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integrity and quality that he lives in his own life. liz: well, warren buffett has been on this network more than 30 times since we launched in 2007 and he has often told the story about how when he was 10 years old he would buy his, his grandfather had a store and he would buy a six-pack of coca-cola and sell the cans to his friend for 10 cents more and he would pocket the profit he had that sense. a lot of kids don't. >> yeah. liz: what are his requirements to work with you because he doesn't set up partnerships very easily? >> we have been the good fortune of producing the opening movie of the berkshire hathaway shareholders meeting every year for 20 years. we talked to warren and said, why don't we do something for kids that can teach them early financial lessons in early age. he felt it was important. he resonated with it. in fact warren says when people ask him what is the most important attribute that later
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leads to success in business, for example, like getting a mba? is it studying economics in college or something? he said no, the single most important factor that leads young people to success in life, what age they started their first business. if you start ad lemonade stand at eight years old you would be more likely to succeed than somebody who delivered newspapers starting at 15. so important to get these habits and these values in place at very young age. through the cartoons we have a lesson in it. is done with humor, comedy and hijinks and all the kids love to want to watch them. liz: andy, you had some international markets pick up the show. what do you think the attraction is for them? >> well, the lessons are universal.
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warren is known everywhere. everybody is interested in things that will make their kid more successful. liz: indeed. >> around the world everybody is very focused on things that will drive them to not only success in business but in life as always and all the cartoons we make in genius brand are grounded in what we call content with a purpose. they have to have some enrichment to them. liz: everybody should have invery muchment in what they do and warren is big with passion. following what you want to do in life. good luck to you. and secret millionaire's club. see you in omaha in may with the annual shareholders meeting. >> look forward to it. thank you. liz: andy hayward. i didn't start a business when i was a kid. david: there is still time. still time. your kid will keep you going. i'm hoping for that. millions of americans are out of work but big companies are hiring, at least some are. we'll tell you about two firms with hundreds of job openings.
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that is coming up. also lebron is set to play his first home opener tonight but the basketball world is butting about his former team, a slam-dunk from miami heat player some say could be the best of the season. we'll show it to you and what it could mean next. >> hi, everybody, i'm gerri willis. coming up on my show at top of the hour, is america's favorite seafood shrimp. what you may be eating may not be shrimp at all. that is author author after newy and that is just one of the stories on "the willis report." over 12,000 financial advisors. so, how are things? good, good. nearly $800 billion dollars in assets under care. let me just put this away. how did edward jones get so big? could you teach our kids that trick? by not acting that way. ok, last quarter... it's how edward jones makes sense of investing.
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♪ (receptionist) gunderman group is growing. getting in a groove. growth is gratifying. goal is to grow. gotta get greater growth. i just talked to ups. they got expert advise, special discounts, new technologies. like smart pick ups. they'll only show up when you print a label and it's automatic. we save time and money. time? money? time and money. awesome. awesome! awesome! awesome! awesome! (all) awesome! i love logistics.
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>> are you looking for a new job? then listen up. share casone is hard at work with jobs looking for companies that are hiring. >> initial claims coming out again today. as you say six-month move move for initial claims is looking very positive -- moving average. the type of jobs out there for many americans. economic stories. first one is a shocker. it is technology. this company is based in austin, texas very well. called spice war. is consortium a place where all technology enthusiasts you will, won't use the phrase geek, i just did, they go and buy and
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sell and study different pieces of technology. this could be chips. this could be cloud services everything. david: you have to be well-trained in computers. that is the problem. >> they are looking for software engineers, developers, people that can do sales. they have 23 jobs open nationwide right now. again, but it is typical silicon valley story that happens to be in austin, texas. they have cross fit yoga. breakfast taco mondays. bagel fridays. they are looking to bring in talent to keep them happy. david: from high-tech to lower tech, marriott. >> marriott, all of us interviewed arne sorenson, the ceo of marriott. he is changing the company. he is expanding and growing but growing in the united states and that is what impressed me and his company. they have 5,000 open jobs. they need people with food and beverages, front desk and house services. they have jobs in the corporate offices. some managers can make anywhere from 60 to $80,000 a year. that is pretty good-looking for
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work if you need something to get buy. they help out with prescription benefits at marriott, did you know that? he has whole anti-smoking campaign. you say, i want to quit smoking they will pay for the entire program to get you off of smoking. they want people to be healthy at the company. they're focused on that which i think is very interesting. liz: terrific. go on the website. you will put it up? >> everything at casone exchange.com. that is links where all the jobs are. the types of jobs you fine that are indicative of the story we're seeing in the american jobs picture. a lot of low-wage jobs. not so much high-wage jobs. we have got to see that shift in next couple years guys. david: this will be a series we'll focus in on. liz: thank you, cheryl. david: well, at fox business we hear from a lot of the smartest and most respected business leaders in america and around the globe. liz: here is a look at some highlights from today's newsmakers on fbn. we kick it off with former new york mayor rudy giuliani
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telling us what he would do to boost the economy. >> how about we stop having highest corporate tax in the world? what would that do for our economy? how about the pipeline? how about we get finally the pipeline done? how about the we ex-pa died the ex--- expedite the export of natural gas. not just a question for our economy but a way of undercutting putin's energy extortion? >> millenials prefer elizabeth warren. they prefer hillary clinton and joe biden before they will ever prefer a republican. republicans have a long way to go. they have the opportunity but a long way to go. david: we have to run but is there any republican politician who they like? >> rand paul, hands down. hear it on campus every day. >> we have spent across the country there will be sporadic more cases. i doubt there is going to be a huge epidemic in country. i think the preparations across facilities, across the entire country have improved remarkably
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over the last several weeks. >> five of the cleveland clinic nurses were exposed to amber vinson. the texas nurse. he put them on 21-day leave. david: if i had any sickness at all, i want toby cosgrove somewhere near me. that guy is the best medical advisor in the world. liz: first on fox business. the dow inching back toward all-time highs. larry shover back to tell us what could take to us those highs tomorrow. it is tomorrow's trades today next. david: and miami, they will always miss lebron james. there is a new rookie that stole the spotlight last night at the season opener. wait until you see this slam dunk. the video to many. -- come. opportunities aren't always obvious.
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sometimes they just drop in. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities.
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cme group: how the world advances. i have $40,ney do you have in your pocket right now? $21. could something that small make 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. ♪ david: so everybody's talking about how much the miami heat will miss lebron james. look at this. looks like rookie heat player james ennis may be able to fill james's shoes. look at this, james enness showed basketball fans what he
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is made of, with a massive dung across from the three-point line. the heat won the game against wizards, 10-59. looks like could be a hot season for the heat after you will. liz: cavaliers coming to my first home game. larry shover, what will we do, hit a record tomorrow? >> we could but front and center will be eurozone inflation data. people get scared when they hear the word, given intense amount of disinflation nary fears. tomorrow at 6:00 a.m. eastern we get a look at eurozone, flash, cpi and pmi, i'm sorry. keep those in mind, with all the fears of disinflation that will set the tone for tomorrow. especially given what those numbers have done two or three weeks ago in the united states. david: but, larry, we have seen the united states growing pretty well, based on domestic recovery, based on domestic consumers here in the united states. obviously no nation is an island, particularly in this
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global economy, but, can't we continue to grow even if they get into a disinflation nary environment? >> yes, i think we can. i look back to 1997, asian currency crisis. 1994, find five, peso, mexico, devaluation of that. david: right. >> early '80s, off cycle recession in europe. we were able to grow in all three of those instances. what happened in the past doesn't guaranty the future but says we can pull the train a little while to get through this these were not small instances i just mentioned and obviously this isn't either. yes, we can pull the train for a while. liz: one day after the fed says we're pretty much on the right track to stop quantitative easing and bond buying we get a good gdp print and solid jobless names number one week away from the october jobs report. what do you think? >> thinking right in line around 225 adds, 5.9 unemployment rate. seems like the number is very
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binary. takes a while for people to look through the details like wage growth, et cetera. that's what we're looking for. david: very binary. larry shover, thank you, larry. liz: great to see you all. "the willis report" is next. gerri: hello, i'm gerri willis. the economy is strong and getting stronger. that's at least according to the federal government. the u.s. economy growing at a 3 1/2% rate in the third quarter. and that translated into good news on wall street. the dow soaring 220 points. but that growth is not extending to your personal economy. according to folks across the country the economic disconnect may not bode well for incumbents when we go to the polls next week. here to weigh in, steve moore, chief economist from heritage foundation and fox news contributor. steve, great to have you here. the numbers from polls are astonishing. here we are, all three indexes poised

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