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tv   After the Bell  FOX Business  November 7, 2014 4:00pm-5:01pm EST

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obamacare -- liz: the supreme court will consider at least a portion of it. [closing bell ringing] not so good for publicly trading companies. david: before you talk about the indexes lions gate, my hunger games, it is way up because they will make a stage version f "hunger games." liz: broadway? david: who knows. they will start in london but eventually -- liz: let me get you tickets. look at that, the nasdaq, very nice. a little bit of confetti. as bells ring on wall street and broadway where the nasdaq is. let's look how stocks are ffnishing up. dow jones industrials seeing a -@pretty comfortable gain. a ain of 16 points. the russell too as well, up 1 1/2 points. right now we have nasddq lowerr but look at the s&p. could it be yet another record? its up byyjust half a point. we're watching it all and so much this friday. hang out with us. "after the bell" starts right now.
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david: let's get right to today's market action. we have joe bell of schaefers investment research why it is time to buy consumer discretionary stocks. bob iaccino from cme. i have to start with old. stocks are not doing much but gold is moving way to the upside. what is going on? >> gold started off with a bit of a short-covering rally and continued there. i'm not a believer short or medium term long ago especially with the long ollar. you can't bury the lead. that is huge gain, bob. why? >> versus last week's sslloff it's a pretty good gain i agree. gold can be extremely volatile. votes in switzerland had effect. technical trading, seems to be predicting some sort of a global event. i don't beeieve it. liz: talk about equities here joe, we didn't even get a dip. you're saying buy on the dips. guess what, we can't see a dip
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because we see record after record. even most minuscule of records. we watch s&p settle. some numbers are still coming -@through. but looks like yet another gain here? >> yeah, this week you can't be too hard on the markets. it has been incredibly strong past couple weeks. there was a nice dip just a few weeks ago. we had nearly 10% correction. it was pretty much the same sort of correction we've, become the norm of this rally the paat several years. we got a lot of panic, a lot of active investment managers reducing exposure to three-year lows. a lost bearish put activity. overall a lot of fear proved once again to be a nice buying opportunity after this short term strength. that negative sentiment unwounded. we're right back where we were in september. i think the market will take a bit of a breather. we could see one more up leg before the year is over. david: bob, we don't want to dismiss the obs report. it was a little below what was expected.
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it was one of those goldilocks jobs report. it wasn't too bad and it wasn't too good. kind of what the market likes >> absolutely. just mixed by a little bit on the non-farm number. was a little better in unemployment rate. wages did not show tremendous growth, ppshing inflation hawkings further and further back in terms of what the fed may r may not move. 10-year come out quite a bit, six or eight basis points after the market came out. if you keep fed out the market should keep up another percent, percent 1/2 next week on s&p. liz: join the conversation here. you're moving apricatton positioo. that seems to be defensive. why? liz: i'm sorry. let me go bark tt joe then, my joe, overall we're seeing q4 looks like it could be very strong but historically we know that q4 is usually really strong. so where would you be putting
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money right now? >> yeah the two big sectors that i like to focus on primarily right now is consumer discretionary, then some select financial names. consumer discretionary i like for a few reasons. you look at the earnings season, it is kind of winding down yyt we have a lot of retail names to report. the only group within the s&p 500 analysts expect a negative growth rate. energy prices dramatically lower, people have more discretionary income coming up as well. overall i look at a lot of consumer discretionary, sideways price action in recent months. there is lot of pent up buying pressure. david: joe, push back based on what happened today a little bit. we had consumer discretionary stocks. abercrombie was down 16%. american eagle down 6%. teenage stocks, very much discretionary consumer buuing were down big time. down that give you pause?
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>> no, not for the overall sector. you will have select names. you can name those names. look at upside target upgraded up nnarly 4% today. when you look at overall, just average investor wanted to get a basket of stocks, xrt, it is right near all-time highs on weekly charr, extremely strong uptrend. i think potentially a lot of upside to break out. if you're looking for select individual names, you want to buy ones more outperformser on relative strength basis and stay away from names that you mentioned are lagggrds. overall the sector as a whole has a lot of upsidee >> now we have john. liz was hoping he would be there. he finally arrived. john, ffrgive us we not able to get to you sooner. we just got you in the chair. you think the equity market right now is a little too far out on a him. why is that? is it what is happening abroad or here? >> combination. the short run what people most
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wan to know about what will happen tomorrow. bear bull sentiment at all-time high again. you have the treasury market, making, continuing to make new lows in yields which is indicative f our growth rates. you've got, you've got europe, you've got china and you've got russia all headed into recession. so i think we're out over our skis. i think it's a technical move.% i think markets come back to their 200-day moving averages by year-end. liz: by year-end. but, john, again a lot of people do feel comfortable being in at @east some form of treasury world. do you go long enddof the curve, shorter end? >> i think ratessgo lower. and i think that has been the big surprise. they ended qe3, rates went down. they talked about ending qe3, rates wenttdown. you know really, you know, qe3 as much as people think it might have helped, qe3 matched excess @f you look at what they spent on qe3, sitting at the fed in
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excess reserves. liz: i'm not sure people thought it helped. >> it didn't help. so i, i think that the markets over its skis. leading indicator of that. look at commodity prices across the board, they're weaker. that doesn't bode well ffr grrwth in our mind. we stay with fixed income. i think there are great opportunities in the corporate bond market right now. david: bob iaccino, i have to tell you something that happened to me last night that hasn't happened in years or if ever in my entire life, of course it is not a very long life, i bought a steak for less money than i paid the week before. it was prime piece of meat. it was fillet mignon. i paid $30 for that piece of meat per pound. last week i paid $27 last night. the butcher said i never seen the price come down. are we continue to see commodity prices actually come down? >> i think they're going to stablize, i really do. i would start with oil.
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oil's a good place to look at it because i think when things, like when we saw the s&p went down nine and some odd percent, people changed their predictions. it will continue to bounce from there. oil i think is going to bounne. interesting what you say about steak that is sort of good deflation, when staples consumers use, like fuel and @ood and actually come down and3 stablize. you don't want them collapsing. you didn't say steak is $27 today. i think i will wait next week he to see if it is 25. you bought it. liz: he didn't make it for me just to let you know. i didn't get involved at that fillet mignon party. david: just my wiff and me. don't worry. liz: as we get to enddof the conversation, what do you think happens now between now and mid 2015? janet yellen and mr. dudley, bill dudley, of the new york federal reserve has said, you% know what, get ready, it will happen. do you expect those rate
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tightening moments come mid 2015 or a little bit later? does that meannmatter at this point? >> if -- liz: joe. >> are you asking me? liz: yo. >> whether it is mid 2015 or early fall i don't think in the grand scheme of things it is going to dramatically affect the market either way. a lot of data points from now until then that could ultimately affect that decision. >> of course. >> they have been ppetty strenuous in the decision saying this is data dependent. the timing of it won't matter. we all know rates will increase at some point. so that news event will happen. it will matter if not when or when, not if. i don't think specific timing of what month will dramatic affect the market one way or the other. liz: our thanks to joe and mmke. bob, we'll come back to you when the s&p futures close. >> thanks. david: it is not the headlines numbers that always matter the most. ed lazear, former economic
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council chairman tells us numbers within the job report -@that tell the real tory. liz: he cocreated of the iphone. now he has got a new app that makes fantasy football so easy, all it takes a swipe. forget all of dozens of players constantly having tt pick. you bet bense the house. he joins us next. >> also the president and executive action will he take it on immigration? so what does it take to get wage grrwth? and will detroit rise from the ashes? all that and a lot more with our panel coming up. ♪
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liz: drink this one up. monsttr beverage getting a boost today, hitting a 52-week high. david: let's head back to nicole petallides on floor of the nyse for details. what is going on, nicole? >> david, liz, a couple of pieces of good news for monster beverage. that is why you note ad new high. the stock finished higher almost
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8%. the first piece of news, this is something we follow often which are earnings. they came in with a profit, third quarter profit that rose and beat the street. so that was the first piece of good news. the other piece of good news they are working closely with coca-cola and that deal with coca-cola is seen closing in 2015. more news that comes out on that, takes away uncertainty that coke will acquire a 16.7% stake in monster and play, pay a cash amount of $2.1 billion to monster. also transferring some of those coke energy drinks overrto monster. in addition to this, deal, they will have great distribution, monster will, with coca-cola and their preferred partner globally. so that will certainly be big news for monster aad their expansion. >> have a great weekend, nicole. the s&p futures closed just about 40 seconds ago. let's o back to the cme in the pits. bob iaccino. what's the deal, bob? >> interesting, david.
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you know you can't garner too much information from these pits behind me on a given slice of can. actually after the cash s&p closed as it crept up towarrs its highs for the day you saw sell orders come in. sometimes, notes always,3 sommtimes that is indicative of long positions being held by -@medium-sized institutions over the weaken. seems like positioning for up move on monday. david: thanks very much, bob. good stuff. have a good weekend. liz: as we've been telling you all day long the u.s. economy added 214,000 jobs last month and previous two months were revised unemployment dropping to lowest level since 2008. we'll call it moderate growth in theelabor market enough to give the economy the long term boost it needs. david: we have ed lazear, former chairman of president's council of economic advisors and currently a senior ellow at the hoover institution. great to see you. it was an overall iss but not by much the jobs number today.
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what does it say to you particularly as you look through details of the report? >> well the report on the whole is a pretty good report. it is not just the headline number that you discussed% numbers behind the scenes.of the the most numbers are first of all the hours worked, average weekly hours and the second is the employment rate. so the average weekly hours went up just slightly. went up to 34.5. to 34.6, but, that actually is the equivalent of almmst 400,000 jobs. so if you just take that .1 of an hour an multiply it times the whole workforce, how many equivalent people is that? that is about 400,000 jobs. so that's a really big deal. that is the sttongest part of it. the second piece of good news that the employment to population ratio, which is the number of people working relative to the working age population, so it is basscally who, who has jobs out of thooe
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who could have jobs, that number went up by .2 from 589%, to 59.2%. now that is a much moree3 unemployment rate. the employment rate is really what we should look at, not the unemployment rate. the fact that the employment rate went up is a good sign. those are two pieces of good news. liz: what policy is getting us there? should we double down on that? shhuld we change certain things? what is working that we need to continue? it has now een nine months of this kind of job growth. >> right. well, you know, look, these things have to turn around eventually and they do and they did but you know, let's not get too excited. i want to put this in proper perspective. as i said the number you want to look at is proportion of working age population that has jobs. at 59.2%. before the recession that number was 63.5%. so we'reeway, way below where we were prerecession.
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and the reason for that is that even though we're creating jobs3 we're not creating jobs at a rate fast enough to keep up with the growing population. so what i mean by that is, we have 120,000 jobs necessary a month, just for population growth. right now we're about 100,000 above that. that is really good. except that we have to make up for the eight or nine million we lost during the recession. so we're still about four to five million jobs behind where we need to be, even at this pace, it will take us four years to get back to prerecession levels. david: all right. bottom line, we're five million short because the economy is not growing anywhere near the point where it should be. so without getting into all the numbers because i'm swimming in all these numbers now, ed, just focus on the one thing you hope the new connress and the president are available to -- able to agree on in order to increase growth? >> well there are a couple of i think one that is realistic.
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the most realistic one is trade and the reason for that the by senator reid. being blocked now that he's out, the republicans are much more favorable to the president's point f view on this. one place where they actually are aligned. so i do think we may get some progress on the trade agenda and that's a really good thing. that would be helpful. i think the most important thing that we could do, would be to reform the tangs code. when iisay reform. that means move ii the direction of reducing taxes on capital. you know the big problem is that's an area on which the ppesident and congress probably don't agree. @he president has said he would like to reduce the corporate tax ratee if he does want to do that, that's great. but my guess he has got something in mind as an alternative that would have to go along with that, that might noo be pro-growth and also might not be acceptable to congress. we'll have to see. i think the trade thing is feasible.3 tax reform may be feasible. tax reform is the most impootant.
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feasible. ed, good to see you. thank you so much. >> thanks very much. liz: anytime. reports say a new malware program is putting our nation's critical infrastructure at risk. forget just your smartphone. how big is this threat? can the u.s. protect itself? david: and judge giving the motor city approval to move forward with its plans to equity bankruptcy but will detroit ever regain its former glory? we'll ask the panel. liz: coming up we tell you who took the rize for the most on-time arrivals and departures as far as airlines aae concerned. stay tuned. ♪ ay bank really s no hien fees on savingsccount
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new rktate is jumptartin busithat partners busissescente withniversities ross the state. better a talent, and state ofhe aacilies. anyou y no tax for n years. fr btech in broo, to next gen engy in binghamt, to macturing in buffalo... fr btech in broo, sttup-nyasewusesses in popping up aoss the state. e how startuny can help your buv so i can reay nk 24/7, but there are24/7brahe i'st im a le relut to try n things.wha's w? elha youyeah... i do... david: the u.s. economy added 214,000 jobs last month. that's not bad but average hourly earnings grew .1 of a percent much. let's bring in our panel. mark sebastian, steve forbes,
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forbes media chairman and editor-in-chief, kmele foster from fox business's "the independents." percent to you, isn't this really what the election was about? factual street is doing great but the average american doesn't feel too good because his wages aren't growing? >> i that is right. your last guest had it right as well. here is not just the unemployment figures. the percentage of people actually in the american workforce. actually in the those numbers have been detestably bad for a very, very long time and we've got to be really concerned about it. it is totally possible, a lot of folks highlight the productivity numbers. totally possible for improving productivity and for employers workers with investments in technology that save labor, lower costs of production but don't necessarily end up in the worker's pocket. david: steve,,bottom line, how do we get earnings up? >> we get earningssup by having a more vibbant economy. that is health care reform,
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especially small and medium size businesses, huge burden on them. tax reform on the corporate sid3 where there is consensus on democrats and republicans to do something there. the only potential blockage is the white house. federal reserve behave better in terms of stability for the david: mark, you guys at cme @eem to understand discorrect betweee wall street and main street. wall street feels great. they're lighting cigars with $100 bills but main street feels lousy because their wagessaren't going up. >> yeah, wages will stay low until that u 6 numberrfalls back.% the u-6 nummer came in 11 1/2%. david: plain what you mean by u-6 number. forgot the jargon. go ahead. >> there sun employment rate which is "the five" whatever. the number that counts is people really out of work which is 11 1/2%. takes us back to the booming
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month of act 2008. the last time it was that low -- october. in addition the job growth is like a barbell. low end and lots of growth at top end. the middle air, management jobs, sales jobs, middle class jobs those are not growing with the top tier and lower tier jobs of the until that slack gets picked up, and that area froze, that wages aren't going to rally. it will not happen. david: we need real tax reform. ww knee money in the pockets of business who create jobs for that to happen. talkkabout amnesty for a second. amnesty for illegal aliens. house speaker johh boehner warning president obama this week that he will quote buun himself if he takes executive action on immigration reform. steve what will republicans do if obama pulls the amnesty card? >> what it will mean is deadlock and really make difficult negotiations on other matters. david: some people by the way are saying may lead to
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impeachment. do you think that would happen? >> no. as charles krauthamer points out by the time you get to doing the process he will have only 9003 days left in office. power to the purse. no funds for amnesty and take it to court. this is an illegaa action. he does not have the authority to do that on that scale. so i hope the republicans are prepared for it. two hings they can do in the meantime to show their pro-immigration. remove the caps on h1b visa for high-tech. silicon valley would love that. have green cards embedded in diplomas for foreign students with advancc degrees in things like science, technology, mathematics and engineering. david: mark, another thing i think republicans could do try to fix the problems with the ins much. the ins is the mmst dysfunctional bureaucracy in amerrca because it deals with people who are not u.s. citizens who don't have rights and therefore, it treats eveeybody poorly. that is something i think both
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republicans and democrrts could get behind. >> yeah, i agree. now how bad do you have to be to be the worst run bureaucracy. david: you have to e pretty bad. >> that s how terrible the ins is. to steve's point. i think that is the one thing that could drive republicans and the president together if he doesn't burn this bridge. those h-1 visas and green cards embedded out of college graduates. that could be a really valuable pushing point for corporate america to lobby republicans to work with the president, if the president hassthe patience to not go -- david: camille, it -- camille, it depend on the press conference that guy felt burned himself because the election. he doesn't seem ny in move to compromise anyway, does? he. things like border security. there is something to be said doing something about the millions of people who are in this country and undocumented
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essentially at this point and actually having a more streamlined proceddre for folks coming into this country, benefiting us in terms of borde3 security. if it is easier for people to come into the country legally, there is less of aastrain on our resources deployed across the border to try to prevent people coming here illegally. >> that has to be it for this segment. detroit moving closer to gettin% out of bankruptcy. can it stage a genuine comeback? is it timm to go back to the gold standard? liz, over to you. liz: that discussion again. football fans listen up. we'll tell you about a brand new app launching this weekend that takes tedious, annooing work out of fantasy football. it will make you money. it was made by a cocreator off3 the iphone. maybe make you money. could telemedicine be coming to a pharmacy near you? ceo of health spot tells us how it plans to revolutionize your pharmacy experience. target cuts.well stock price which stock got it?
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i never ally thoug i wouldmake . we cated lzo to help people start their bins and la their dreams.go tlzy at legalzo.com we pute w our de. and mama yoursiss dream reality. llz: a nee malware program called trojan horse reportedly penetrated the software that runs much of the nation's critical infrastructure. david: when will this end?
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how could you be affected. jo ling kent has some answers for us. >> dave, liz, homeland security is dealing with cyber criminals trying to compromise industry control systems that run power grids, water distribution systems and oil and gas pipellnes. the department of homeland security says the hacking campaign started back in 2011. activity has been detected as recently as september. so far the malware has ot been activated though, to quote, damage, modify or otherwise disrupt power grids and the like but the malware is called black energy. and it is the same one useddby a russian cyber espionage group that targeted nato and some telecoms in europe earlier this yyar..3 dhs is saying that the devices that have been targeted in this campaign are made by general electric a van tech and siemens. homeland security is telling me here at fox business it is collaborrting with alllagencies and quote, we will continue to lean forward to provide warning through acttonable alerts and
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possible mitigation strategies.3 there isn't much lucrative personal financial information on these grids. why are they doing this? some analysts tell me, that spies are looking at u.s. systems to explore possible damage they could do in the event of a conflict. liz, dave. liz: thank you. david: jo ling kent. well, detroit is one step closer to getting out of bankruptcy as% a federal judge approved of its restructuring plan but will that city ever return to its former glory as a powerhouse of the economy? we're back with mark sebastian and steve forbes and kmele foster. steve, will detroit come back and if so how? >> it can only come back if it has the right tax and regulatory environment.% getting outsiders. you're seeing some of that happen. if they want to be another silicon valley he have they have to have the right environment for that. they have institutions of highe% learning in michigan. they have to have environment bringing in outsiders who want
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to do something starting with very little. sure it can come back. pittsburgh has come back. other cities come back. key thing, get the right environment. david: kmele, steve mentioned pittsburrh. i remember verr well pittsburgh was considered dead as a doornail and it has come back. could it come back with detroit? >> detroit'' problems develop adlong time ago. they developed over a period of time. the same thing could happen for detroit but other municipal governments across the country. for bondholders to take the hit. for them to internalize that suffering and enforce a bit of discipline on various% governments borrowing money. you could lose your money. if they are being profligate they are going to lose. david: mark, could chhcago, could chicago be next? >> couldn't shock me. we just elected ruce rauner, rahm emanuel is trying to make tough choices, emanuel the mayor of chicago.
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>> i do like the direction they're finally going. it has been a decade plus of really bad management in chicago. i don't think the management is as bad as detroit is. we have much better infrastructure. detrrit, bring that up,,it looks great. my life lives, she is from the suburbs out there. i was up there recently talking to the head of a company. they're moving corporate headquarters downtown. there is a big push of the a lot of firms and offices are moving their headquarters bacckto downtown detroit because things are improving. david: we have to mmve on. mark, thank you. tell us what you think aaout this by the way. will dettoit make a real comeback? send us a message on facebook or tweet us @fbnatb. the only two things you can count on in this world are swiss clocks and swiss franc and now the swiss may their currency back o a gold standard. should we be doing the same? maak, what dooyou think about this? >> i am, it is silliest thing i've heard in a while of the
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biggest problem the swiss people have is their currency is too strong. what do they want to do? double down and buy a bunch of gold to make thursday currency even stronger. hard to fathom that is smart decision for them. david: steve forbes, may beg to differ with you. steve, what do you think? >> i'm delighted the swiss are bringing back the gold standard into discussion, david. but i think the u.s. has got to learn to take the lead on that. to make it really stick. and, so, i'm glad they're pptting it back on the table. but we've got to take up the baton. david: you sort of agree in mark, in switzerland it doesn't make any sense but ere it would? >> the swiss have a strong -@curren estimate they hurt the exporters. they can't do it alone. they're too small. they set a good example for the u.s. we should follow it. david: steve what do you think about the gold standard. >> fiat currency, one way to my preferred solution is
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competing currencies. people ought to go out there, create currency of their own backed by commodity of their choice and let them compete in the maaketplace. david: mark, you have a chance to change your opinion? weee you convinced at all? >> no, no we should not go on the gold standard. get our debt under control and% allow ur currency to continue to be a really strong currency n next couple years i think our currency will rally against all the other major world currencies, maybe absent the franc. we don't need a gold standard and that would robably hurt growth more than it would help. david: that will be it. mark sebastian, steve ffrbes, kmele foster. you have a special on "the independents"? >> "the independents" retrospective on elections. what do we do now? ron paul and cast of othee folks talking about things. ron talks about his son who is @n the senate who may just be running for president at some point. davii: thank you, kmele. also catch steve forbes and me
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on "forbes on fox" on the fox thousand ccannel at 11:00 a.m. easternntime tomorrow on fox news. thank you very much. liz? liz: part of that great business block. whht does the iphone and a% common? our next guest, when he tells us how his fantasy football app sets himself apart from a lot of other weekly fantasy games. you could win money. for every dollar you spend you on this job as fridaa one airline ceo says he is getting ready to hire 700 new workers. ahead. speaking of airlines, can you guess which of these three airlines had the highest grade for on-time flightssin the month we'll tell you, stay tuned. ♪ opunitie't alwa obvious.
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david: we've been asking you if you think detroit will make a real comeeack. allen on twitter says no, detroit will never be the same again. you can join the conversation. send us a message on facebook or tweet us @fbnatb. it has been a very rough week for one tech giant believe
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it or not got 12 price target cuts this week alone. is qualcomm., may surprise you reporting earnings miss wednesday, the mobile chipmaker3 also announcing it is facing two new government probes, adding to ongoing investigation in china. the stock ended the week down some people might say it's a buying opportunity. liz: i was going to say, david, you're absolutely right on that, it's a great company. this year, 1/5 of all of you ameriians plan to bet on professional football game but nearly 67% think fan at this football requires too much effort. hot rosters launching this weekend wants to change all that, making it easier for you to bet and make money. joining us in fox business exclusive, the man who helped laanch the iphone in 2007, chuck golden. great to have you on. >> thanks for having me. liz: how do ou go from launching the iphone a couple years later getting involved in hot roster which is pretty
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fascinating way that changes the face of fantasy football? >> working for apple was tremendous experience. we got to work on some incredible projects. what we saw. we're all athletes and we saw a reallopportunity to take the complexity out of fantasy sports and, you know there is a lot of back end, a lot of complexities, a lot of security compliance issues on the backkend but we really are all about the consumer and we learned that from apple. and we wanted to deliver ttat amazingly easy experience to play fantasy sports on a mobile platform. liz: well, yeah, compliance makes it difficult for you guys, but fantasy football, traditionally is very complicated, every week you have to figure out the salary caps and havv to pick players. how does yours work. four to 10 players, correct??3 you're not playing against you're playing against the house, you guys. >> yeah, that's correct. so you know, fantasy itself is very complex still. you know managing a salary cap,
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that doesn't mean a lot to a lot of people. you have to be a pretty intense fantasy player but what, we wanted to take a totally different approach. you know, we wanted to make fantasy sports available for everyone an make it really everyone's fantasy. we wanted to appeal to the candy chubber as much as we do to the hardcore fantasy gamer if that makes sense. liz: on the screen we show a phone and what you guys do, you present two different players from whom to choose. these are similar players. two quarterbaaks, two wide receivers. >> that's right. liz: the player has to pick one of those and sort of pick and so they can't actually create their own player teams. it has to be the choices that you give them between those choices? >> that's right. we have a legendary guy working with us. he is amazing. his name is kenny white. he has been settiig matchups since he was 18. he sets the line in vegas. we thought about this, look, a3 they don't have the time to
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manage all these rosters. at home like running ivotpeople tables and crazy stuff and very complex stuff. they're looking at weather. and you know what we did, we said look, we'll match these up for you. we'll make it super easy to swipe left, swipe right, pick who you want. within seconds you choose who you want. pick four players. as soon as you pick four players yyu lock in your card and you play. liz: well, chuck, how do i make money? i was looking on your siteewhich is going live this weekend, correct? it said for one dollar you could potentially win $500? how do you guys make money on, the plays that don't go well for the players, correct? >> absolutely. well, so, like the rest of the fantasy world we do take a3 commission. we take a small cut of every -- liz: how much? >> of every roster? >> ittis about 10% of everything that gets submitted. similar to the others out there. but we feel that our game is
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completely different. the odds are much better in that you're playing essentially, against yourself with odds that, are 50, 50, largely. >> hot roster. tell kenny we said hi. >> okay. liz: we love it. we have to get kenny on. good luck to you this weekend. we hope the site gges well. i'm picking all cleveland browns all the time. david: surprise, surprise. >> i hope you guys give it a shot. you will love the platform many thanks so much for having me. liz: anytime, chuck goldman who helped really launch the iphone. david: he did. speaking of gambling, by the way, more than $2 billion of unclaimed lotto tickets last year. coming up we'll tell you about a new app that makes sure you never miss out oo your winnings. liz: which airline tops the list for the most on time flights. which one falls short. >> hi, everyone, i'm gerri willis. coming up on my show at the top of the hour, ceos, pumping up
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their stock price and dumping their shares for a tidy profit. we're digging into a new report on the insider trading cases that are perfectly legaa. we'll show you how to profit too. that is one of the big consumers stories coming up on "the willis report" in just a few minutes. she inspires y. t yorectdysfunction -uestion abt could be a queson of bod flow. alisadalil for daily us t yorectdysfunction -uestion abt s you be r anytime thmo's right.
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from biotech in brooklyn, to nn bihaon to manufacturi in ffalo... tup-nyasas new busesse poppingt see how sttup-ny c help yo business ow at staup.ngov i'st gterriei ght out of sc. myamily's al yth sy you're there... inno world. i did myob. you do your st i remember theaces... hoeverything matte so much more. my budes... my country... erything..... and everyo i l...back he. ♪ [ le annnnouer ] fol who'o've served and l who see, we c ner thank them enough. doesr utten feelryou're taking ltip medio, a y mouth can ide effect omany. it c also lead thydecay d bad e. ltip medio, that'shy the'sio, availae asn oral rinse, tootaste, spraorel.
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an helps keep your mouthealthy toief biotene, for peoplwho suff from a d mouth. ally bank really hano hidden fethat's right. it's ju that i'm worried aboutu" ok, why's that? hidden fees gerri: liz: like some of us airline grades slipped to on time flights in september. u.s. airlines reported just 81%
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of flights touched down within 15 minutes of their scheduled time. thattis pretty good. hawaiian airlines was really great. it posted the best track record with nearly 91% of the flights arriiing on schedule. who was the worst? envoy air. that is a regional with just 73% of flights landdng on time. david: busy neww day on fox business. liz: here's a look at some of highlights starting with health spot founder ceo steve cashman, what he sees as the future of medicine. >> we reppicated process in softwareeconsumers would use to book an appointment. ultimately they end up in a pharmacy and come inside the health spot station and cutting-edge technology and select a doctor from one of the top local communities there an see the doctor via viddoconference. you can deal with upper respiratory ear infections and things with super high volume in
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the industry. eventually through device technologg you will be ble to bother things in there. >> what is your expectation of the jobs picture today? >> jobs picture today overall the country needs a lot of jobs. at spirit we're hiring 500 people. next year will be a big growth for us. we're hiring 700 people the we're growing, we're adding airplanes. we need pilots, i.t. workers, accountants, everything you need to run a goodd successful airline. >> available to people that in 43 states that sell lotto tickets and i download it to my phone and scan tickets. >> really simple like using any photograph with your phone. we work with tablet devices as well. instantly tells how much you won, if you won. for future drawings you take a picture of the ticket. onne the drawing takes place sends you an alert and tells you how much you've won..3 david: see these again and wall all of today's initter views on foxbusiness.com.
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we asked you whether you think detroit will make a full come back. herman wrote in to say, i assume he is from detroit. we never left. good for you herman. liz: yep. to watch, mark sebastian, option pit.com founder. we're talking about the dollar, aren't we? >> yeah, that dollar rally, you have to start wondering what effect that will have on big megacaps that are international companies. we have had such a massive rally. with us at all-time highs, traders and investors will look for an excuse to sell. any kind of smaal, minute piece of news could cause a little bit i think next week could be a little bit of a pull back, maybe back toward that 2,000 level on s&p 500. liz: we closed 2031, just to keep that in mind. when you look what is going on, mark, what is the best investment going into next week? maybe energy starts to look like you should nibble around the edges because it is so cheap at
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the moment? >> there are a lot of energy and energy stocks. i like, halliburton is cheap. linco, line, pay as monthly dividend. liz: hhw much? >> relatively inexpensivv. i think annualized the yield comes out to something like 20%. that is looking really valuable. a lot of mlps have been a baby out with the bath water witt cruise selling off. if you don't know how to pick one energy stocks, xle doesn't look so bad,xlp select spider. that is the route i might take. david: there weee talks about russians sending troops into ukraine. do you think any foreign problems could cause problems for the market next week? >> yeah. any small piece of news, if ukraine heats up, traders are looking for excuse to take off positionn, take off longs. we're going to go lower and that would be a really easy excuse to drive us lower. david: mark sebastian, option
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pit.com founder. have a great weekend. @hanks for coming on. liz: your fox business viewing is not ovvr. i will be with "making money with charles payne" 6:00 p.m. on fox business. hang out with us. david: "the willii report" is next 3 gerri: hello, everybody, i'm gerri willis. president obama and congressional leaders bbeaking bread. on the menu, a promise of compromise in the first face to face meeting with gop election victory tuesday president obama vowed to judge ideas whether or not they work,,not the party they come from. has the president finally eaten his humble pie? with more, brad blakeman, president george w. bush and republican strategist and bob brusca, chief economist at facts and opinions economics and former new york federal reserve division chief. great to have you. brad, i will start with you, my

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