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tv   After the Bell  FOX Business  November 11, 2014 4:00pm-5:01pm EST

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people were staying at home, honoring veterans as we hear the closing bell on wall street. [closing bell ringing] >> see some veterans over at nasdaq who are ringing those bells. congratulations and our extended thanks to all who have served. let's take a look to see how stocks finished up. look at that, david, dow jones industrials might make a go of it. guess what, folks, and that holds that is a record. transports are in the record. i'm looking at them right now. that will not be a report. s&p, teeny gain of 1 1/2 points. nasdaq though extending the gains to about nine points. that's not a record. but russell 2000 up a tiny fraction. suddenly they eke out a gain. very thin volume on this veterans day. "after the bell" starts right now. david: breaking down today's
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action, jason rotman who has best way for investors to profit off a strong u.s. dollar. lpl financials john ken family is with us. tells us top three sectors in the market. don stesich, dan, excuse me. let's start with you. is a quiet time. pretty much a flat line day. a chance though to sort of rejigger your portfolio, is it not? >> you know it is. today happened to be a slow day with the treasury markets closing in honor of veterans day. it has been somewhat subdued period and certainly politically and world view. when you have opportunities, look at your portfolio, to find out what is doing well for you, what is not doing well. if you're not convinced yoursehird party look at it. we have our own biases. we think every everything we do is great. makes sense to have somebody else look at it. now a great time to do it. markets are decent values. you can change things around if you need to.
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you may not need tom use it when you got it, use this opportunity. liz: i was saying, liz, why did you do that. you could have had a v8. jason rotman, if that is the case, david's premise taking time to rejigger things is true what would you sell right now and take some profits off the table and what would you then buy? >> well, i'll answer your second question first. that's kind of what i really want to focus on. as far as what you sell, i say obviously the, the common wisdom you sell stuff that is overextended. fundamentally obviously commodities, commodities and commodities-based companies, whether it is agriculture machinery, parts, et cetera, those companies may actually underperform because commodities are having a heck of a time maintaining their elevated price levels with this rising dollar. that's a key point right now, is the rising dollar. now the second question is, what do you buy? that is the more exciting stuff. i just read this morning, a very, very fascinating,
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multiyear research, research report that actually showed a statistical measure, that says that the two sectors in the stock market that tend to outperform when the u.s. dollar is in this multiyear bull market, is telecom and i.t. stocks. so those areas, believe it or not, could actually outperform the other sectors of the market in 2015 because the u.s. dollar bull market this trend, could be here to stay with rising interest rates. david: john kenneally, one thing that happens when you have a booming u.s. dollar, you have a falling oil price, some people say with a falling oil price now is not the time to be buying into energy stocks. you disagree. why? make your case. >> we're dabbling there. we own some of the, the energy services stocks. we think if oil can bottom out here between 75 and 80, that's about what the low point of,
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what those stocks have priced in. so we think from here, in the energy services space, we own a, mid-cap version of that, as well as a large cap version. those stocks are going to do okay. owning actual commodity here, might be a little bit difficult, but if you take a look at most recently completed earnings season which we're kind of still in here, the energy sector beat -- even with oil prices down but of course that's, that's looking backwards, not forwards. >> no, true. i think, you know, a lot depends on geopolitics here. a lot depend on what price the saudis are comfortable with. they might try to squeeze some of that marginal production out. we went through and looked at it. the shale stuff here in the u.s., off, to 65 is where that becomes unprofitable. we're still a long way away from there. those oil services companies are pretty global. >> let's go back to dan in the pits of the cme.
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a lot of what john has just talked about, when it comes to energy could very well be affected by a strong or weakening dollar. the dollar has been on a tear looking very good. what is your sense what happens with the greenback at this point? because it will then eaffect multinationals based here that do business elsewhere and not to mention commodities? >> a couple of things to remember, the dollar is definitely strong and probably going to get stronger but you also have to remember we're coming off some historically terrible levels so we're just getting back to normal. if you look at this thing over time we're not terribly expensive as a dollar. as far as a commodity like oil goes, oil is down every bit of much as supply as it is dollar. i think 70 to 80% because of supply. what will it do to our companies here? i think we'll still do all right. the companies have been performing well even with the strong dollar are those in the u.s. that's going to continue. david: jason, last time you were here, and i'm looking at nye
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notes, it was october 10. that was a time everybody and his grandmother were running away from small cap stocks represented by the russell 2000. you said at that time run towards them, grab them with both hands. turns out you were right. how right were you? >> how right was i? i hope you can show a chart to show everybody because a picture is worth a thousand words as they say. david: the russell, let me just say, the russell is up 2012% since october 10th. you bet right, my friend. >> the thing is, thank you. on the big picture scale what i was looking at, and again if this can help people make better decisions going forward that's really what it is all about. you have to look at big picture, and the big picture at that time stated on a daily chart, on a weekly chart, the whole rally of 2014, the reason why i said get into the russell and really even in the s&p at that point but i focused on russell, because at that time all the equity markets
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were approaching 50% retracement of the whole year's rally. you know, in was no major financial crises happening. lehman brothers wasn't going under. so on, so forth. that was major scare of ebola. it was very much psychologically driven selloff. looking forward you have to keep the big picture in mind of the u.s. financial system is still very healthy. we're in very strong economist. the thing. david: the fed will be still be friendly to the markets. james bullard put the bull back in bull market when he said the fed is perfectly willing to add stimulus if necessary. so i think that the big picture is that u.s. markets are strong and even at these levels i think the russell still will go higher. liz: still going to go higher. all right, john, back to you and your sense what is worrying you right now. if there were a hidden side window trade you would at least put some money to protect you from headline risk, of course we all know russia has been a problem child. we know that certain areas of
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europe have been real stumbling blocks. if they haven't gone away, have they. >> no. and think there are always there to some extent. i would, echo the previous comments that, in mid-october, markets were scared of almost everything. and what was lacking at that point was news about corporate america, corporate earnings. since then, we've had most of the s&p 500 companies report earnings. they have beaten and year-over-year earnings growth in the third quarter will be close to 10%. i guess my big worry would be if, global growth slows down even more. if corporate profit margins begin to erode. that might happen because of a stronger dollar. i think global growth picture is the key here. now the problem is, we're now going to a period between now and milled dill of january where we'll not get a whole lot of news on corporate earnings. we'll trade more on macro, rather than on micro. and that, in the past, since end of 2009, those periods between earnings seasons, is usually
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when you see dips in markets. during the earnings season is when you see the strength. >> very quickly, dan to you, we also have a cold front that is pushing through. may last for all couple of weeks. last time we saw a really bad cold front, it led to a first-quarter loss of gdp. might that happen again? >> you got to remember last year was so unusual, that may happen over time but it is not going to happen this time. it is november in chicago. it gets cold. we know that, as you nice do in new york. so i'm not worried about it. david: good thing. thank you very much, gentlemen. liz: great to see all of you, jason rotman, john kenneally, dan stesich. david: production of ford's new aluminum f-150 kicking into high gear as they begin to roll out the assembly line. we'll hear from bill ford, great-grandson of henry ford, live at the plant with a look at new much lighter vehicle. liz: have you heard about this company? it says it cut spending, it had
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to, due to the medical device tax that hurt innovation in areas that impact lives says the company. will the new congress change that? we'll speak to the ceo. david: also could regulation of the internet lead to taxes, new taxes and even censorship? the architect of obamacare saying that they were counting on stupid voters to buy into the law. also, who could suffer most from the coming wild weather? all that and a lot more with our panel. do solemnly swear that i will support and defend
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david: remember we told you about this? yesterday retailer fossil jumping after reporting earnings just moments ago. liz: yes. the high-end watch company looking pretty good. let's get to nicole petallides on floor of the new york stock exchange. fossil. >> what a great quarter for fossil, beating on both the top and bottom line. i will give you numbers here. earnings per share a buck 96, versus estimates of 1.82. we'll look at revenue that also beat. 894 million versus analyst estimates of 878.2 million.
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as i noted a beat on both ends. the bid ask is $112 range. two notes, they renewed the agreement with michael kors to 2024. that licensing agreement is huge for watches and accessories. sales forecast for the full year 2014 look to be on the rise of about eight 1/2 to 9 1/2%. clear winner in after-hours, up 12 1/2%. david: this is winner for fossil. winner for retail. remember brian sozzi, one thing he will watch we see the stock after-hours. that is good for retail. liz: our guest in the 3:00 hour picked fossil. loves it. the ford f-150 is the america's most popular truck for 37 straight years. today the ought mow maker began construction of new pickup truck with all-aluminum body, just as tough they claim. jeff flock is there at dearborn,
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michigan, plant all day. in fact he was there with henry ford's great-grandson. what is the latest. >> this is it where they inspect the f-150s, the new one. this is job one. very first one came off the line. people in the next bay over there inspecting them to make sure everything is perfect on this vehicle. this plant required a complete remake in order to do a all-aluminum bodied vehicle. and of course that was difficult because they had to shut this plant down and that meant ford had to sacrifice some sales and some profits. if you take a look, for example, at gm versus ford, the stocks over the course of the past year, even though gm had a lot of trouble, the stocks are pretty comparable one year. i talked to mark fields about that. talked to him also about the economy. talked to him about the results of the election, how does he feel about the sense of the country going forward, the market which this is launched. he said after the election, he told me clarity is good. >> well, i feel pretty good
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about this economy. when you look at economic growth, think it is, we're calling for 2.2% growth this year. it is very supportive for sales, for auto sales going forward when you look at consumer confidence levels. when you look at interest rates, those type of things. you know, it is growing moderately. i think on very healthy foundation. >> how big of a truck is this for ford? well, some folks estimate this could be as much as 90% of ford's global profit. tremendous markup on these trucks. there are a lot of dollars. as i said, has hurt sales. if you take a look, year-to-date, sales, well not year-to-date. i think i pulled up october sales. you watch fiat chrysler actually creeping up on ford for second place, largely as a result of the decline in sales of the old f-150s. they hope this one will be more popular than ever before. david: that is a beautiful looking truck, i got to tell you. thank you, jeff. appreciate it.
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>> sure is. david: liz? liz: the u.s. and china reach a deal to drop tariffs on a wide range of technology products including medical equipment. a big break for an industry that failed to repeal a 2.3% medical device tax here in the u.s. will a new gop congress help change this? and how is it hurting for more than 7,000 device companies in the u.s.? joining me, dan goldberger, the ceo of bacterin. dan, first of all, welcome. thanks so much for joining us. first talk about what bacterin does. >> thank you, liz. we make bone grafts and skin grafts. these are essential components for a variety of surgical procedures. our physician customers and their patients. liz: so you help, the products help bones heal faster and heal more completely? >> exactly, exactly. liz: talk about how the medical device tax has affected your company. >> well, look, it's a 2.3% of revenue, not profit, of revenue
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tax. that is 2.3% of our operations that the company can not invest in r&d, in our very exciting product development portfolio. that is 2.3% that we can not invest in physiciansphysician outreach, developing clinical perhaps for our physician customers and for their patients. so it is, it hurts. it holds us back. liz: it holds you back on things like research and development but also on probably hiring as well, correct? >> absolutely. that's a bunch of jobs that we would have preferred to bring in the united states and we can't do that right now. we have to hold off on we can grow the business. liz: you are a smaller medical device company, because we've had medtronic on and ceo of medtronic has been up front, you know what? let us know the landscape and we'll figure out how to deal with it. how are things different for a company your size? >> look like all small companies we're constantly
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management decisions how to deploy resources. can we invest a little more in product development today for results in 2016. can we invest a little bit more in marketing today, for results in 2015 and 2016. if we have to send 2.3% to the government, that is money we can not deploy in our business. ultimately our employees get hurt and our physician customers get hurt and their patients get hurt. liz: is there a way to have a bifurcated system where the bigger guys might endure a larger portion of that and the smaller market cap companies such as yourself, would that help at all if you get less of a burden on your shoulders? >> i don't think so. anytime you have a tax that is structured as a tax on revenue and is completely oblivious to the impact on the underlying businesses, large or small, i think, as for the larger businesses it is an even larger impact on jobs. there are companies like
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medtronic can move businesses offshore. you see some that happening. >> that is not something you guys can do, right? that would be too hard. >> we have no interest in doing so but the macro level at the public policy level you're seeing life sciences innovation being driven offshore because of eschews like the medical device tax. liz: dan, if you had the president's ear, what would you say to him? >> wow, that would be a lot of power and i would love to have the president's ear. i have talked to governor bullock in the great state of montana. i talked to senator tester of the great state of montana about these issues. it is a tradeoff what the government will spend and allowing private industry to deploy capital in the most intelligent way. i think we can deploy capital more intelligently than washington can. i have a parochial interest there. liz: stunning to me, a company trying to make jobs here in america is now saddled with this hopefully there is a solution. do you think the gop, i'm not
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trying to get political here, but a gop-controlled senate and now house may be more sympathetic to you? >> well, we're certainly rooting for it. i have no insight into what the likelihood of success is, but for our small company, for my colleagues in the medical device industry, it would be a tremendous win if we can get that tax rolled back. liz: you are doing important work, dan. thank you so much. to you and your employees at bacterin. thank you very much for joining us. >> thanks for the opportunity. have a grade day, liz. liz: dan goldering per. david: what a great guy. clear thinking. straightforward. love people like that. the president wants to gift ftc the power to regulate the internet as a utility but is the government going to far here? -- fcc. liz: a question hanging over the markets. when will the feds raise interest rates? peter barnes gets an idea from boston federal reserve president eric rosengren on his outlook, a
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fox business exclusive. david: a major fall winter storm is dumping ice and snow on parts of the midwest and it is heading east. where is the storm and the deep freeze going next? details coming up. liz: tell us what you think, will the cold wave hitting the u.s. cool off the economy like the polar vortex like last year? please, no. send us a message on facebook or tweet us, @fbnatb. your answers coming up. ♪ [ female announcer ] hands were made for talking.
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what would fcc regulation of internet do to the internet? >> it would foul it up in a word. basically, david, the point being, that the reason the president is out there saying this because of our infrastructure in the internet. bulgaria, bulgaria has a better internet structure, infrastructure than we do. we're number 13 in the world f we moved up to -- david: to which the president says that's why we need change, anthony? >> how about putting some people to work with some real jobs, getting general electric and all these people and getting our internet infrastructure up to number one? then you don't need two levels. david: anthony, first of all, i disagree with the president whether or not the internet is a utility. >> sure. >> the internet is information and we have a first moment here to our constitution that protects information from interference by the government, do we not? >> i concure completely. it's a terrible idea to treat the internet like a utility. i was so upset when i saw the
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president saying this because i thought net neutrality was dead when the d.c. circuit court made right decision and killed it earlier this year. the funny thing if we want to have a better infrastructure, treating the internet like a utility is the worst way. that means we get entrenched what we have today. it is a great idea to have isps competing against each other. if we treat them like utilities and use net neutrality you limit innovation. david: we all agree we'll not use that you have a if you recall term net neutrality. lori, there is big question whether the president or anybody might be able to affect content on internet if he allows regulators in, what do you think? >> well with net -- i'm not supposed to use that phrase. david: banned phrase. go ahead. >> here is the problem, you have gigantic cable companies that also offer high speed internet content. david: like netflix and hulu. those guys could get crushed if there is isn't some -- to your point earlier, david, why can't the federal government can't do
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anything right in efficient maner? look on this veterans day and va and challenging year it had. david: that's right. >> that is sidebar. david: any regulatory authority, anthony, i can't think of one that has made a business more efficient or cheaper from the regulations, can you? >> well, no, and i can't really think we should be sitting here talking about whether or not google will get crushed by isps in this situation. there is a lot of feedback here and one of the most important things is that if netflix has to raise its prices and that affects customers and they say the different isps or comcast is doing this. if you go to another isp that is not charging us extra fees will be cheaper, then that creates the right kind of competition so you don't wind up having netflix and google getting crushed. david: moving on, moving on, lori, although this is kind of related to government bureaucracies, et cetera, an architect of the affordable care act, actually another phrase i hate, it is not affordable, jonathan gruber, admits to deceiving americans in order to
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pass the law, take a listen. >> lack of transparency is a huge political advantage and basically call it the stupidity of the american voter or whatever, basically that was really, really critical to get this thing to pass. david: lori, they had to, they had to pull the wool over the eyes of stupid american voters. that is what this guy is saying? what do you think of that? >> that is jaw-dropping admission. he is glib. i'm not surprised democrat strategy. muddle details. if the democrats are transparent i don't know if you want to make it political or not, david, there is no way the individual mandate which is basically a tax hike, right? you're basically having all of the needs of six americans being covered by the input costs of healthy americans, right? david: right that. >> that would have been literally doa. david: anthony, bottom line, we had numbers come out. they're not meeting their numbers. there may be too few healthy americans joining obamacare to make it profitable or make it stand on its own. there may be need for government
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bailout here. >> i was incredibly frustrated during the obamacare debates as well because we had a lot of information saying that it wasn't going to be, 2 wasn't going to save us as much money and not as many people would get on it and it was difficult for to us get information out there. that is what gerber is saying. they are complex issues and hard to convey those to the american public. on that point he is actually right. i worked in washington and i felt similar frustrations that i want to get law changed that the american public would agree with me. this is fundamental problem with a large government. when you have a large government it creates lots of opportunities for people to do things nefarious and not be completely transparent. david: steven, 10 seconds. >> 10 section. it is so backwards. basically we're taxing people most productive in this country. we're almost enforcing charity. if you want to give to churches, temples, et cetera, fine. but don't pass a law that mandates it and that is exactly what we're doing and we're hurting productivity of the
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entire country. david: we have a second panel coming up. next, will the cold weather trees the economy in the last quarter? willow oil prices provide consumers any kind of relief. liz? liz: david, parts of country are already covered with a foot of snow and the storm is expected to keep bringing harsh weather around. where is it headed next? don't you want to know? we have a live report. veteran unemployment rate, at lowest level since 2008. we're talking to a company training veterans and helping them find jobs in the energy sector specifically. stay tuned. ♪ she's still the one for you.
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always connected, wherever you are. because at scottrade, our passion is to power yours. david: lots of unseen whether i cold weather over much of the country. will it freeze our economy in this quarter much like it did in the first quarter of the year? or will cheaper oil blunt the effects? we're back with lori rothman, steven lieb and anthony randazzo. anthony, we remember the first quarter, we had drop in gdp. could it happen again? >> it could happen again. not because of colder than normal. the economy is trending in certain direction right now. not like winter is new. every fourth quarter going into the first quarter. if we have troubles in the economy going up it is not just because of this big polar vortex. david: lori, if we have a couple of weeks of freezing weather, will you be less likely to shop?
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>> are you kidding? stay home and bust open the laptop, crank up the heat. order take-out food and on demand movies. unless the bad weather knocks out the power, then we're in trouble. ually lori brings up the point you don't have to go out to shop much. to anthony's point, perhaps it has less to do with falling gdp in the first quarter? >> i think that is very good point. amazon has come back from after getting absolutely hammered with its third quarter earnings. i think one reason, people do expect a lot more online shopping. the other thing is that, when you talk about oil and how that fits into the equation, liz a few minutes ago said veterans, their unemployment rate is down to 4 1/2% because of johns they're finding in the oil patch. david: right. >> oil is at $75, there is going to be less job notice oil patch. so means, yes, lower oil prices helps economy but much less so today than the case in the past.
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david: anthony, i looked in the past. i went back to the reagan recovery which had extraordinary growth rates of five, 6, 7,% for certain quarters. 1985 was one of the coldest winters in history. people were dying left and right. it was, cold weather even in florida. they had a growth rate, first quarter, 1985, up 4%. second quarter, 3.7%. so it ain't necessarily the weather, is it? >> no, it's not. it east not. variable what is going on. maybe it is cold and you don't shop this week but put it off to next week, the question here is anything fundamental people are not going to do just because it is cold outside? people will buy christmas presents. they will eat whether or not they other or going out. sure they are not building hopes. they wouldn't build homes anyway. that is why we is seasonally adjusted data. nothing specific about the fact that it is particularly cold right now.
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david: to steven's point, we are saving a lot of money in oil and gas right now. could that compensate for the cold weather? >> that is a tax break, right. david: that's right. >> confident, extra money in our pocketbook, to the earlier point steven made too, listen, energy is one of the leading sectors in our economy. oil giant bp reporting lower earnings because of lower gas prices. shale industry, costs a lot of money to pull energy out of the rocks. you're looking tighter margins there. there is less incentive for packers of the shale industry and some of those major shale states could see depression in the job growth. david: good stuff, gang. lori rothman, steven lieb, anthony randazzo, what an all-star cast. >> appreciate it. david: we've been asking on facebook and twitter if you think the cold wave hitting u.s. will cool off the economy? we have a couple of responses. tim on facebook says, not necessarily. pent-up demand for cold weather items could be good for retailers there. is still time to join the conversation.
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send us a message on facebook or tweet us, @fbnatb, liz? liz: just last week new york fed president says he expects the fed to raids rates next year. but could that be too soon? one of his compatriots, boston federal reserve president eric rosengren's views in a fox business exclusive. plus veteran unemployment at its lowest level since 2008. where are the jobs? next we're talking to one veteran run company helping vets find really solid jobs in the oil and gas industry. don't go away. ♪ so i can reach ally bank 24/7, but there are no branches? 24/7 it's just i'm a little reluctant to try new things. what's wrong with trying new things? feel that in your muscles? yeah... i do... try a new way to bank, where no branches equals great rates.
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>> a massive winter storm dumbs more than a foot of snow in parts of the midwest with subfreezing temperatures reaching as far as south as dallas. david: how could we say winner? only beginning of november. senior meteorologist janice dean is tracking this storm. janice, this is pretty unusual stuff. >> i was saying earlier i blame the retailers getting winter stuff out early, all the christmas music before halloween, i blame you! here is your 24 hour temperature change. look at that! you mentioned, texas, a 48-degree difference from 24 hours yesterday.
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40-degree difference in oklahoma city. 38-degree difference in springfield. there is oklahoma city. as i mentioned. amarillo. 30-degree difference in dallas. you get the picture. that my friend is a arctic cold front. temperatures, single digits, teens, 20s, 30s, if you're lucky. with windchill what it feels like. 15 in haze. 25 in wichita. 26 in springfield. these we typically field in january. there are departures for tomorrow. 40 degrees from average what we should see this time of year. and that is going to spread southward and eastward into thursday and looking at long-range forecast, heading into thursday and friday and saturday it is going to get cold as far south as the gulf coast. it will spread across the east coast. then we'll get another shot of very arctic air and this could be actually colder than the stuff that we're experiencing right now. some stay tuned for that.
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you mentioned snow. we set records across upper midwest, over two feet of snow near marquette, michigan. look at some of the snow totals. yeah, over a foot. this is early on in the year. i don't think anybody is real excited about this but i could be wrong. david: extraordinary. i would like to see football games with a little snow. but this is too damn early. >> you said it, i didn't. david: yes, i did. liz: some very encouraging news in the jobs market. we don't often get to say that. but unemployment rate for former servicemembers fell to 4.5% in october. david: there is one veteran-owned company. we wanted to focus on, the ver-trgy group. they help locate and screen veterans to help them find jobs in the specifically oil and energy industry. we have a veteran 25 years of active service in the u.s. army and vice president of vetergy much chris, thank you so much for your service.
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we bless your service. we bless you for what you've done. let's talk about your company and why it is that you focus on energy? is there something about the energy business that is particularly good fit for veterans? >> well, thanks, david and, hello, liz. great to be on the program. >> hi. >> the oil and natural gas sector is a dynamic market for veterans to translate their proven performance into the job descriptions that are needed today and into the next decade, to maintain the current energy demand of the american people. hi paying jobs. they need eight to nine million people over next decade to maintain current demand. there is no shortage of john opportunities in that sector. we're looking to place veterans into meaningful employment that want to work in the oil and natural gas sector. liz: some these jobs are highly skilled jobs. do you train them? let's talk about how you get them up to speed on things that tend to be very technical, which we know vets are pretty good learning quickly. but in any given situation this
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is an important industry that requires skills. >> well, one of the great things about the military, including the coast guard, they spend a lot of time giving each individual service member specific skills. both those that are directly transferable into the job descriptions and oil and natural gas sector and intangible soft skills that make the workforce a better place and more effective, reducing non-productive time. we have a program where we screen out and look for veterans that want opportunities in the energy sector. we give them industry accredited training so they're better prepared to take what they can already do and transfer that into the business operators manpower need. david: i'm looking at a list. maybe we can scroll through that list. of all the various positions available. technology, diving, electrician, engineering all types, management. how much training do you actually have to provide for the vets so they can do the jobs that you've got positions in?
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>> kind of two parts. we don't have to provide too much direct training to veterans because of their proven performance. they're able to capitalize on that. we give them 84 hours of industry accredited training. they go through the hiring process, come on board. each company has their own specific training program for their job descriptions because of procedures they adaptedded for their business model. they're successful to pick up on those specific procedures with past experiences and turn out to be effective team leaders, both quantifiable, business leaders and just peer leaders, making business more effective process. liz: chris, we know that a transition is always difficult but a transition from the battlefield back to corporate life or even first time in corporate life, what was it like for you? obviously some parts were very easy but where did you find the biggest challenges? how did you overcome them? >> well, the biggest challenge is communication. how do you translate to somebody that has no experience with the
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military because so few people actually serve in the military today, as far as, ratio of population. well, communicating what i've done or what veterans have been into proven performance into future potential business return, return on investment. and, for me, i had the opportunity to go work in the oil and natural gas sector for a little over three years and that provided me the ability to translate all the difficult job descriptions that are in the service to business leaders in the oil and natural gas sector. this is what these men and women have done and capable of doing for your specific business needs. really breaking it down into language that they can understand. i think that is the most difficult part of transition. we're here to be a part of that solution. liz: you're doing amazing work. how do they find? do they go on veterg website. >> yes there is www.vetergy.com and we'll have automobile the
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information. david: we'll put the website on up. thank you for your service. much appreciated. >> take care. david: on fox news, we have a special, "the man who killed usama bin laden." this is documentary about navy seal, robert o'neill, the man who says he fired the shot that killed the terrorist leader. the first half of the special airs 10 p.m. on fox news channel. part two airing tomorrow night, 10:00 p.m. eastern. liz: coming up boston federal reserve president eric rosengren, it is a fox business exclusive and he explains why he believes now is the time to be patient rather than rush to raise rates. david: plus we are bringing steven lieb back to tell us the number one thing to watch in the market tomorrow. very interesting comments by steve. you don't want to miss. liz: famous for her role in "baywatch," you remember nicole eggert? david: i do indeed. liz: guess what? she has a brand new startup venture. it involves a food truck. stay tuned. david: need more video.
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>> hi, everybody, i'm gerri willis, coming up on my show at the top of the hour, outrage just comments from the chief architect of obamacare saying stupidity of the american people got the law passed. how obamacare is now falling apart under its own weight. that is one of the big consumer stories coming up on "the willis report" in few minutes. 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 sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. these may worsen with spiriva. discuss all medicines you take, even eye drops. stop taking spiriva and seek immediate medical help if your breathing suddenly worsens,
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good bit below. that. it is 1.4%. we're not hitting our target. i likes to see more evidence we're likely to do so in one to two year time frame. >> you suggested last night, that it could take a while before you get to those conditions. a lot of your, most of your colleagues on the fed according to the most recent forecast in september expect to start raising short-term rates sometime in 2015. you want them to wait longer? >> i want to wait until the economic conditions are appropriate for actually tightening policy. so that might come sooner or lighter, depending on how the
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economic data come in. we should have a data dependent policy. that implies we don't go by a calendar date. >> broadband is extremely important to us. that is how we expect to the world. so the idea of keeping an open internet, having it be vibrant, an internet we all can take an invest in and be part of it is critical. what obama did yesterday, he threw the gauntlet down from yesterday, from his perspective the broadband is utility. >> how did you decide on ice cream? >> well, i didn't really see any ice cream trucks out there. i saw soft serve and prepackaged obviously. i started to see more dessert trucks pop up. but planning birthday parties, being a mom i always wish i had this fantasy in my head of this cute ice scream truck that would pull up. it really didn't exist. liz: nicole eggert from "baywatch." you remember that? david: i do.
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liz: watch all of today's interviews on foxbusiness.com. check it out. david: time for the number one thing to watch. let's bring back steven lieb who has very interesting things about gold. >> dave and liz, i think people should watch gold like a hawk right now. if gold bottoms in here, it will signal a lot of commodities like oil is heading up. liz: who sy sag it will bottom? >> no one. that's what i'm watching. go back to twist, liz. -- twix, liz. it didn't look back until it got to $150. we have not had that kind of down move yet in oil. we could have a massive rebound in oil. you could see oil at 130, $140. yes, that is what everybody said in 07. david: what about excess supply? >> what excess supply. you're driving and heating season.
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saudi arabia is in full production. there is no more excess oil production in the world. fracking will die down. david: he is passionate man. austin, come here for a second. austin, come here. our veteran, god bless you, austin. god bless all vets. liz: "willis report is next. gerri: hello, everybody, i'm gerri willis. stunning, new video today, that shows how far obamacare supporters were willing to go to pass the president's signature legislation and the very low opinion the president's supporters have of the american people. one of the top architects of the law, jonathan gruber captured on camera admitting lack of transparency was vital to pushing the law through. listen to this. >> this bill was written in a tortured way to make sure cbo did not score the mandate for taxes. lack of transparency a huge political advantage. pacebasically call it the stupidity of the american voter or whatever, but

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