tv After the Bell FOX Business December 1, 2014 4:00pm-5:01pm EST
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not looking good. [closing bell ringing] >> iting interesting. oil gained a little bit. liz: here come the bells on this cyber monday, day after the holiday weekend. let's look to see how stocks finish up. making a valiant effort but not getting back to the flat line. the at one point the dow was down 1020 points. to see a loss of 49 points, it is a lot better than it could have been. s&p at worst point down 18. down 14. nasdaq struggled all day, settling near session lows. two major names watching sales tick higher and higher. we have that and more. "after the bell" starting right now. david: breaking down cyber monday trading day, we have david richmond from richmond brothers. he will tell us why he sees investment opportunities in small caps though they got hammered today. did you see what happened to the
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russell 2000? we'll ask him about that. mike sorrentino is here with four picks to add to your portfolio. scott bauer in the pits of the cme where the action was friend nettic. we had a major bounce back with oil, scott. is oil on a comeback or was this just short covering? >> two things. i think it was definitely some short-covering. we also saw because of all the supply here, there may be a cutback in shale production. i thought that contributed as well. i think a lot was short-covering. i thought what we saw on friday with the big drop, almost 10% drop and almost the biggest drop we've had in five years, that was covering today. i really expect over the next couple of weeks here to see oil trade between 65 and 72, 73 at a max. i think this is actually a really good short point. anything we get over 70, 71, you will see a ton of shorts coming back into the marketplace here. liz: commodities may be a little
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bit harder to actually read at this point. they're up, they're down, they're all around but let me bring in dave richmond. you're saying stick with stocks at the moment. you feel that is real opportunity. specifically why? what will continue to drive what is incredible bull market? >> well we think fundamentals are good to begin with. they haven't changed. they continue to be good. we think that will drive earnings, operating profits. that is what drives the markets. specifically in the small cap arena. >> although, pushing back on small caps for a second here, mike, you have seen what happened to the russell 2000 today. it is not an unusual day when it is down 1 1/2%. >> no, it's not. that has been the whole year we've seen. up down, up down, all over the place. i do agree with david though, if you look going forward, these stocks are much more correlated to the overall u.s. economic health and data that i'm seeing coming out, it is looking pretty good so far. if you're bullish like we are on
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equities going forward, i would delve some type of allocation toward small cap stocks. david: buy low. >> exactly, buy low and sell at some point. liz: how is alibaba or facebook or citi a small cap choice? those are your names you really like right now. >> i didn't say that. i definitely, these are kind of stocks i would sell to my friend and family other holidays. this is what you buy to keep in your portfolio for years. you don't even have to think about them. these opportunities i wouldn't necessarily call them cheap. facebook isn't cheap but citi is. i see long-term growth potential coming out of these names going forward. easy names to put in a portfolio. let them sit for a few years and make you money. >> scott, let's talk about alibaba which was down 5% today and a lot of other retailers were down. were you surprised at the poor showing of retail over the holidays? >> i was. i thought it would be much stronger coming out of friday. let's see what happens. see what numbers are coming out of cyber monday.
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one trend i'm seaing that i read quite a bit, people are waiting longer and longer. especially today the cyber monday deals. maybe this isn't the best deal out there. people can wait another week of and 10 days ago. they may get exact same deal they are today. foot traffic was down friday or over the weekend, looks like cyber monday may be okay, don't count retail out. at end. holiday season i think we'll get really strong numbers. what you will see retailers aren't going to have to discount as much at the end of the selling season here in two, three weeks, as they have in the past. don't count retail out yet. liz: tony from gamestop was on last hour completely agreeing with you. he believes analysts are completely wrong. still is saying these are false headlines how bad it was and these are buying opportunities. where do you fit in, your picks
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and what you're adding here? you're looking at some pharma names here and other opportunities exactly not in the retail space at the moment? >> when it comes to the retail space, these are two days, black friday and cyber monday. i think society in general does by us focusing less on something like a black friday. this is a long-term trend in consumer spending. what we're looking more in the pharma space, particularly with biotech this is my favorite sector, two, three years, now. i'm telling same story i told two years ago. this is the sector that has tremendous growth going forward. the competitive dynamics of the sector are great. if you want to invest in biotech, buy ibb which is etf. i-shares etf. don't try to pick the stocks, too hard with the science and technology out there. buy the sector. that is all you need to do. david: we're going kind of contrarian today with all picks. i figure we stick with the theme for a second. david, you look at high flying stocks beaten down. i look what happened to netflix.
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today is no exception. that is a high-flyer that has been beaten down. would you go in now? >> something like netflix we're looking for a catalyst. you have to be a long-term player you would say they could have subscribers of half a billion or billion over the next decade and buy netflix. we look for really specific catalysts in our small cap biotechs that will drive operating profits, margins and obviously the stock price in the next six to 12 months. david: dave richmond, mike soren tee know. scott bauer we'll check back in with you when the s&p futures close. liz: russell is now back in the read for 2014. amazon looking for a leg up for competitors this season. counting on unusual and highly skilled helpers to keep up with the holiday rush. david: highly skilled and cheap on overtime. jo ling kent is live from the amazon fulfillment center in tracy california. hi, jo. >> hi, guys. it has been a very busy day in
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tracy, california. ceo jeff bezos wanted to deploy the drones. those are still in progress. we'll have to make do with robots. they're buzzing and very busy. the idea to deploy 15,000 robots across 10 fulfillment sent across the u.s. they want to make more efficient to get your packages to you. i always wondered how amazon prime works. they deliver the shelves and organize the package to be shipped and packed near you. this supposedly will save the company a lot of money. analysts estimate it could save up to $900 million a year for amazon. they acquired this robot company about two years ago. it actually has proven to be something that seems to work. they tested it in seattle. today we're watching them move too and fro. they're doing a robot walls here. there are no crashes.
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the reason is the software is written in such a way bitten gears they avoid each other. they are coming up to me at fulfillment center, almost but not quite hitting me because they're coordinated by sensors. that is how this technology works. i talked to one executive i asked him what does it mean for jobs, especially for those who really need work during this tough economic spell? the executives said, look there won't be any fewer jobs. they're hiring 80,000 seasonal workers this year. they plan to hire more in the coming holiday season. so we'll see how that actually works out. but for amazon the next quarter, their fourth quarter is very critical to how their stock looks. they had their biggest loss in 14 years in the third quarter. so maybe these robots will help deliver a christmas miracle for amazon. back to you guys. david: jo ling kent, good to see you. thank you very much. >> thanks, jo. >> thanks to you too. liz: we love to hear from you after the bell. do you have a question about the show, a topic you're burning to discuss. question for our guests, jo ling
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or any of our reporters, send us a message by liking us on facebook are or you can tweet us. david: today we want toe mo if you shopped this weekend? if so how, online or in a store? we'll have your answers coming up. liz: speaking of online shopping, the man, right, online shopping on cyber monday, by is best for deals, we have two industry titans looking at inside look for cyber monday. ceo of overstockcom and ceo of blue neil. diamonds online. david: he will have samples. up to one in six taxpayers in jeopardy of losing some most popular tax breaks this year, including sales and local sales tax deductions. we have all the details. are you losing yours? liz: you saw oil and gold skyrocketing today. have we hit a commodity bottom? fold funds -- gold funds, should you load up on cash or stay
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liz: so if you look at social media stocks they are tumbling today. david: big-time. let's head back to nicole petallides on floor of the nyse. give us some details. >> when you take a basket overall of social media stocks, they clearly outpaced the s&p 500 to the downside. so for example, the s&p was down more than half a percent, but look twitter was down 6 1/2%, linkedin down 4%, facebook down 3.3%. the best group overall has been somewhat weak. some are speculating and also great points made by our senior editor charlie brady who talks about the fact you might see some selling underway as some fund managers are doing some window-dressing. they don't necessarily want to hold on to some big losers. yelp is down 20%. yandex and sina down. pandora has been down this year. there may be some window-dressing and tax-loss selling may be underway.
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it is december as we start to wrap up 2014. you did see this group significantly lower and more of a selloff for most of the group than the rest of the market. thank you. liz: thank you, nicole. david: more people are shopping from their couch than the from the mall. long weekend store sales fell 11% over last year, online sales grew significantly this thanksgiving holiday by 14.3%. with us one of those who benefited from this increase. patrick m byrne, overstock.com founder and ceo. good to see you, patrick. how much were you up oaf last year, so far this holiday? >> so far this holiday tell you the number for the last four days, we're up 23.5. so almost 10 points above the 14% that you just named. david: wow. >> we're growing, yeah. >> i was just going to ask were you expecting such an increase? >> no. i was expecting sort of 15ish percent, something like that. i still think for the quarter
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that is probably a better guess. i don't want people thinking i'm saying we'll grow 24% for the quarter. over these four days we grew 24%. i'm anxious to start to think 15 to 18% is probably the range for the quarter. we're doing 10 points better than the market. david: do you have the inventory? are you unprepared for this rush? >> we are so prepared. we are so prepared. in our business model fools a lot of people. 91% of our sales are not even from products in our warehouses where various supplier relationships. so we can scale without having to sink the billions into the new warehouses that certain of our competitors who shall not be named have to do. we just make money. that's why we make money frankly, any trend so far in particular items? >> a lot of, there is a shift in female shopping. we've noticed some of our best-sellers are generally, we
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can tell from the products being purchased or purchased by men or by women. even during the q4 but what is happening now is more women are, in the past men were doing more of their shopping online. what is happening, women are really shifting to it for online as well. david: interesting. now, in terms of you say you're prepared with the inventory, what about with the staff? are you going to be doing more hiring? >> well, we're good. we're always looking and hiring but we're good. we only have two parts of our business that scale with sales. that's customer service and warehouse and logistics people we do v we are, he said, how did he put it, the amateur thinks about strategy, the professional thinks about logistics. we think about logistics. it is not all this airy, fairy stuff. we're all about execution. and we're. >> cuting beautifully. david: you say you're always hiring. people want to know, one, what kind of jobs you have available
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and what kind of experience somebody applying for a job has to have? >> we're hiring unconventional, my partner and myself, the president, stormy simon, we'll spot people, we'll spot people who have that it factor, who have that spark. sometimes we give people jobs, come in here for three months. you wander around you tell us what you think you should be doing. it worked amazing. when we find people with the special spark, that's what we look for. entrepreneurs, we're starting to develop an incubator model where we could make significantly more money this year than we are going to make because we're starting to sort of incubate, almost be a venture capitalist and developing businesses within overstock we expect to pay off big time. david: you got me wanting to apply. i just have a feeling, this is a good place to work because you love to spot diamonds in the rough. you love to work with people to see what entrepreneurial talents they have. let me ask you about one
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question. you're very interested in china. you spend a lot of time there, alibaba, i'm wondering if you get the same access to the chinese consumers that alibaba has to u.s. consumers? >> well it's funny you say that. as you notice i generally wear chinese business suits on your program. this brand is a first global brand out of china and i speak chinese and i'm sort of a reincarnation of a shaolin monk or something. yes, we do. we're not trying to sell into china hard, but q1, breaking news, since you asked i tell you, we're open a warehouse in china starting with q1. david: very interesting. patrick byrne, what a pleasure to see you. best of luck my friend. >> david, always a pleasure. david: continued success. we want to hear from you folks, did you shop this holiday season? if so did you do it online or in store? send us your messages on
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facebook. your answers coming up. liz: david, as we get ready to close out the year, is time to buy stocks or taking profits? we'll tell you how decent could yield big profits for your portfolio if you make the right moves. plus if congress fails to extend more than 50 tax breaks by end of the year, one in six americans could take a hit. you need to know the details on that. with oil rebounding from a five-year low and gold pushing back above 1200 announced today, have commodities finally hit bottom? we'll debate with our panel next. ♪ how could switchgrass in argentina,
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david: december just doesn't bring holiday cheer but usually brings cheer do wall street. according to stock trader's almanac, since 1950, the december has been best month, average gain of 4.1%. second best month for the dow, averaging a gain of 1.%. also the second best month for the nasdaq with an average gain of 2% since 1971. this is particularly interesting. small cap stocks which have been
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so beaten down, tend to take off in the middle of december, outperforming big cap names and tend to hold the lead throughout the beginning of may. so look to the small stocks. liz: okay. from stocks to commodities, it is a commodity comeback, at least today. so oil pricing rebounding from a five-year low. okay, the five-year low was what, $62? 63.57 early this morning. bounced back but gold, silver and copper all had a nice move too, rallying more than 2%. have commodities finally hit the bottom? let's bring in our all-star panel. we have fox business's adam shapiro. wall street special writer, gregory zuckerman, and eagle pay capital founder, j.c. parets. greg, when i saw move in oil i thought, wow. gold up $35. what is going on? is that the end of the big fall with commodities? >> hard to tell with these things, feels like a kind after dead cat rally when it comes to gold and silver.
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opec and the saudis declared war on frackers. so we'll have lower energy prices. that will keep inflation down. do you want to buy gold and silver with low inflation? i'm not sure. liz: are you sure, j.c.? you simply look at the charts here. >> yeah. i think you take it on a case-by-case basis. if you look at commodities as a group, crb index not necessarily something i would be short. i agree with him. any rally i think we'll get will be corrective in nature. they will be count irtrend. liz: any commodity you like right now? >> talk about silver, liz you and i come here on the show talk time and time again talking about silver. liz: $14, you said would you buy here, you said no. now it is $16. >> we got below the $15 level we wanted. we're in structural bear market in metals, that has not changed. yeah, we'll get a nice rally, nice outside day across the board. that will be counter trend. when you talk about the metals, ba laid yum specifically with,
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he talk about it time and time again on relative basis palladium continues o outperform. new 52-week highs relative to silver. liz: oddly the one down today. >> that is fine. worst names are the ones that bounce the most. that comes from within the context of a bigger bear market. liz: anything here you say is weird or you believe that maybe we've hit the bottom in commodities? >> no, we haven't hit bottom. i will show you something in today's financial times. i don't know if you see it right here, but it is about china. fear of a deflationary spiral in china. global economy slowing down. oil will keep going down, liz. liz: watch out iron ore, that is the china play, right? you look how much they're importing. if it is not a lot, that means they will have a slowdown. >> base metals is not a place we want to be. that is one of the worst places in the world. that any bounces will be counter trend. liz: is cash the place to be? bond fund are loading up on cash with average cash now more than doubling in the funds out there
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than we saw last year. should you follow suit? greg, what's behind this move into going into cash? >> that is interesting, bond fund managers are more nervous than stock fund managers about the fed raising interest rates next year. so that sort past it. part of it is who wants to buy bond with interest rates so low. not high yield anymore. moderate yield. some of them are parking money in cash, waiting for the next downturn in the market. liz: should people watching follow? the 10-year has done very well if you bought the 10-year? >> do you want to be buyings here? seems to be problematic. liz: we have j.c. nodding. >> clearly i couldn't disagree. interest rates will continue to stay down. you can listen to wall street economist, gotten it dead wrong all year long or listen to the fed fund futures nailed this trade since the beginning. they continue to suggest interest rates will stay down. i don't think rates are going anywhere. keep buying bonds, absolutely. liz: but these guys are going into cash, adam.
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these bond funds are missing the trade almost. >> it is possible they're making a big mistake as he pointed out f they're in cash because they're worried about a liquidity crunch going into next year because of interest rates going up, "wall street journal" today had the article about behind the doors at the fed. they're discussing about they can't get inflation to 2% target. why would they raise interest rates if they can't get inflation where they want it? liz: fred, why not own stocks that are good quality companies with good-paying dividends? forget this whole bond discussion. >> liz, there is argument. the downside, the problem with that, some of these are kind of expensive of the look at a company like coke, you know, they're paying dividends some of these companies but they have run up a lot. so relative to earnings they're more expensive than they used to be. that is the argument against doing that. liz: what do you think, j.c.? >> on relative basis is continue to buy trends. look into utilities, real estate investment trusts. those are best sectors year-to-date and there's a good
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reason for that. bond investors looking for yield can't get it in the bond market so they continue to go into the stock market. they continue to put money into that trade. liz: real estate investment fund. here is word we haven't heard in a while, ebola, is that a threat really over? at our peril are we ignoring it? "star wars" stocks. who will make returns. we have the teaser, dade. david: i can't wait for the movie. forget "the diamond district" in jewelry stores. of one company profits from buying gems online. blue nile talks about insider cyber monday sales. lawmakers are running out of time to extend more than 50 tax breaks. if they're not extended, one in six americans could take a hit. we'll tell you who takes a hit coming next. ♪ you park your car.
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liz: is ebola in the rear view mirror? it can affect stocks. the world health organization says it missed its targets for containing ebola but you know what? nobody out there seems phased by this. is the threat of ebola completely in the rear view mirror for the u.s.? should it be? we bring back adam shapiro, greg zuckerman and j.c. parets. adam, what do you think? for a minute there we were talking about it every single show here on fox business.
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>> that's right. there hasn't been a report of someone with ebola in the united states since the doctor was released from the hospital. the bottom line is that the world health organization had target of 70% containment in the countries where the outbreak was taking place, sierra leone and other parts of africa. they met the target in two countries but in sierra leone they didn't. in the united states it is in the rear view mirror but it's a threat until there is actually a cure. liz: greg, i remember one day, we heard there was a doctor just about 50 blocks from here in new york who had come down with it and they had quarantined the area near harlem and the stock market started to waiver on this. at our own peril do we ignore it or is it really just over? >> global citizens it is still of concern. the progress has been really uneven but as investors you look to airline shares, i do anyway, for cues. they keep rebounding and they are soaring actually. until they airline shares, i don't get concerned as investor
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in the u.s. stock market. liz: j.c., always interesting to talk to you. you don't look at headline risk or fundamentals. you simply look at charts, et cetera. but we started to see stocks trying do come up with vaccine. that discussion has been tempered a bit. is there a play here? >> as a market participant i look at things like this and i tend to lean toward the fact when the market is down media and things of that nature talk about the bad news and when markets rally people don't talk about anymore. liz: when people are panicking on headlines i go in for certain technicals that were too expensive to buy? >> prices lead the news. when prices doing what they're doing in the market people try to justify whatever is happening of the world as opposed to price following the news. i tend to think price notice stock market are hitting new highs again. when i talk about ebola, i don't think it is coincidence. liz: what leads the movie industry, great trailers. "star wars" stocks. we're talking about that disney released the new "star wars" trailer on friday and the stock
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hit a all-time high. but what other plays are here? here is the teaser trailer. i watched it three times to see what i was missing. a couple of flying saucers, et cetera. i'm so uncool. i went to the original first two but forefet it. there is the soccer ball, adam. night is millennium falcon, it is not a flying saucer. liz: i'm sorry. are there stocks to play here beyond disany. >> stocks beyond disney? disney will make a gazillion dollars off of this. start playing darth vader theme for folks over at disney. they will control everything. they may even redo the script. darth vader will be luke's mother, not father. liz: let's hope there is no ziad samir jarrah binks, greg. that kind of fell flat, jar-jar binks. he chose to use imax cameras. >> imax is up 1%.
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that is not expensive stock. disney is $150 billion market cap. this isn't going to move the needle, even if it's a huge hit. it will help but you don't want to buy a stock that soared so much, up 35% over past year. you want to be maybe a go to the movie theater but worry about buying stocks. liz: movie theaters, a bunch of them that are publicly-traded, j.c. >> imax looks good. tactically for a trade you could buy it as long as we're above the 2013 highs. i think you have 20% upside. from a risk management perspective we only want to be long above the 2013 closing highs. in terms of disney, on relative basis, liz, i break down all 30 dow components once a week on multiple time frames. there are very few names that look better than disney. a long disney, short spy, that spread continues to make new highs. i think it continues. liz: long disney, short spy. who remembers the first time you saw first "star wars" in real theater, old enough to be there
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'77. westwood theater. >> 86th street lowe's. what is now a pharmacy. >> i was not into sci-fi. liz: j.c.? >> liz, i wasn't born yet. liz: i set him up with that. >> i snuck in with my cousin. we lost our tickets. >> adam shapiro, greg zuckerman and j.c. parets on "star wars" stocks. david: i have to admit i don't remember where i first saw it. few weeks before the end of the year the clock is ticking for lawmakers to renew 50 tax benefits for individuals and businesses. failure to extend tax breaks could impact up to one in six u.s. taxpayers. rich edson is live in d.c. with the very latest. not just about business special deals. a lot of individuals could get hurt here, rich. >> a few dozen, david. tax institutional sis says one in five of those deductions amounts to 9 $000 million in savings. breaks for mortgage insurance --
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$90 billion in savings. congress typically renews deductions temporarily, every other year or so. democrats and republicans thought they had a deal to make one permanent. at least one emerging. white house threatened to veto it. would have made permanent, research and development and business deductions and deductions for sales and local sales taxes and spending to get to work. the white house says it heavily favored businesses and failed to further extend expanded breaks for parents with children or loyer income workers. >> i think veto threat was issued by white house officials last week was predicated on the idea that the emergeing agreement was one that did a whole lot more for well-connected corporations than they did for working people back home. >> putting the white house at odds with senior congressional democrats. the senior congressional aide says democrats and republicans are continuing to try to reach an agreement before congress leaves for the year.
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the aide says likely congress extends many of the breaks temporarily again. david and liz, back to you. david: rich edson, thank you very much. thank you very much, rich, appreciate it. liz: david, diamonds are not just a girl's best friend anymore. they're also a hot seller during the holiday shopping season like this gorgeous, oh, isn't that fabulous? this is from blue nile. i am loving that. the ceo is here. yes, he is guarding it. will rip it off my finger in a minute. he has inside look for you at cyber monday sales. is it really the best day for online deals? can you get this for a better deal in a few today. >> that more than a thousand bucks? liz: david? guess. >> if it is, well -- liz: we'll find out. we'll find out. david: if you have a hankering for girl scout cookies, chocolate thin mints or peanut butter sandwiches you want to stick around, they're just now a click away. we'll tell you how to get them online coming up.
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online sales have already risen more than 9% compared to last year. that was just at noon, david. david: so who stands to benefit from this online shopping bonanza? joining us harvey kanter, blue nile president and ceo. nice to see you. liz has her diamond under. i have a sapphire. maybe we can do a close-up. sales are up but one place sales are up, is china. people thought with alibaba, folks like blue nile would not have a chance to bet in there. you're doing well, why? >> we're featured story at the t-mall. david: you piggyback on alibaba. >> we've had phenomenal success. traffic last four days in china specific was tenfold. david: tenfold over last year? >> yeah. our mobile initiative is obviously really working. chinese customer is much more oriented towards mobile device, western engagement in china and growing middle class so it all works. liz: how hard was it to get the
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partnership with alibaba? i would imagine many u.s. retailers would absolutely be loved to be affiliated with them? >> we're well-regarded as brand in china. they came to us to look at partnership. we drove hard looking into that and makes a lot of sense. david: we're located midtown manhattan, literally from our window, i don't know if you can put a camera there, you can see 4th street, the heralded capital of the diamond world. liz: there it is. david: there is 47th street. why should the i not go to 47th street and shop around for individual jeweler who gets me a great deal rather than go blue nile? >> 40 to 70% below maul-based store or luxury stores. david: 47th street will get you better than maul space. >> cap is delivery quality and everything we sell is gia certified. more than $1.05 b you can pick and choose and stop on your own time instead of coming in your
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own car and coming into the city. liz: i'm wearing one of your engagement rings. how often to people shop for a major purchase without being there to either haggle or deal with, what would be, let me see what else there is? or can i feel it and touch it? >> you know, the reality is, it is so much easier to shop online today. as i said we're certified stones. everything we sell is returnable. we'll ship it overnight. with pricing, value, education and guidance it is incredible opportunity. liz: how much would this be? >> setting there is about $3,000. the stone approximately 12 to 15,000 according to which stone you pick. liz: that is definitely lower -- what does a carat go for nowadays? >> our average selling stone is about 5500 to 6,000. in the setting 7,000 total. liz: prices have come down? >> it has. diamond prices are incredible. we've lowered 100,000 stones in the last week. david: on the other hand, on the other hand, hold on a second, we're looking at a sapphire right now which i was kind of
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surprised at how much it cost. this is -- >> about 22,000. david: about $22,000. would i have thought the diamond would have cost more. why is it so much for this sapphire? >> the way we bring diamond to market, we really bring incredible volume and quantity to diamond in the market. 250,000 stones. that is little more unique. the size is a little more unique and the cut is different. quite honestly we don't have the quantity on the website. liz: on a day like today are you looking to see how sales are trending? by noon, most were up 9%, and how are you doing? >> i can't comment specifically today because we have the west coast a lot of business to be done. sat through sunday,% increase. black friday was biggest increase. -- 22%. liz: why do you think we keep seeing headlines that black friday has not been good? >> with 22 days left to grow
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there is lot of water under the bridge. i don't know how the quarter will end but -- david: stock was down specifically today. i don't know if you look at day-to-day stock moves. are they making a mistake? are they misreading numbers? >> we concentrate on building business and leading edge elements. market is a tough day for everyone. it's a challenge. david: i have to got to ask about men. we've focused on diamonds for women, sapphires for women. anything for men? is that market growing at all for you? >> growing a little bit. same-sex marriage opened up the wedding band business and diamonds in wedding bands. we're approaching that with caution but we're trying to make sure we have all the product that meets union of a couple one couple at a time. david: so far it hasn't panned out? >> it has not been a big business but we expect it will evolve over time. liz: hottest seller? >> halos and modern inspired engagement. liz: what is halo? >> a center stone ringed by smaller -- liz: that would be this that would be this. david: talking about my wife
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when talking about halos. >> great opportunity. liz: thank you so much. >> had to say that so i didn't have to buy her a $15,000 stone. >> we'll work on that. david: thank you very much, harvey. continued success. liz: harvey kanter, blue nile.com, check it out. david: if you can't afford a diamond maybe the next thing will interest you. your favorite girl scout cookies will be easier and cheaper to get ahold of. we'll tell what you the scouts are doing to increase sales to make it easier for you to enjoy your thin mints. liz: plus from bonds to stocks to economic data, we're bringing back j.c. parets to tell us the number one thing you need to watch tomorrow. >> hi, every one, i'm gerri willis. coming up on my show at the top of the hour, dangerous and toxic toys and they're on shelves at stores near you! we'll have details of a troubling new report and tips on how to protect your family. that is just one of the big consumer stories coming up on "the willis report" in just a few minutes.
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liz: it has been such a busy monday on fox business with some of the best in the business joining us. here is a look at some of the highlights starting with the girl scouts because for the first time ever you can now order your cookies online. >> girls will still selling door-to-door but also now screen to screen. this will add a digital layer and enhancement to our program. you will still see girls selling in front of your local supermarket or door-to-door. the number one reason people
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don't buy girl scout cookies they can't find a girl scout. we're making it easier to find a girl scout. reach out to friend and family. send an email, add the personal touches. david: i can think of european countries suffering from illegal immigration like belgium, et cetera, that immediately showered the new immigrants that came in with welfare benefits. are we in danger of going that direction? >> sure of course we are. it is just the wrong thing to do. what we should do, david, very simply, lower tack rates, broaden the tax base, reduce spending and just let people have at it. if they want to work and they get to keep what they earn, that's fine. that is just perfect. just get the government out of the way. >> we were very excited to be able to spread our week and we did start last sunday with a family event. we knew we had strong launch of minute tend dough products that are always a hit during holiday. we brought in all the stores a
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special event. it raised our market share significantly on those products and helped us spread the sales throughout the weekend or throughout the entire week. in fact we knee we would allow our associates to take all of thanksgiving off. moving sales forward, we actually outperformed what we're reading from other analysts about the week. david: all right. i will be on vann any again tomorrow. if you miss today's catch it tomorrow -- vann any. gerri: we asked you on social media, did you shop this weekend? what about today? todd said i didn't shop this weekend. prices will come down so just wait. the consumer not spending his or her extra cash on fun. they're paying bills. david: hard to wait sometimes. fred told us i spent hundreds on amazon. two of the four items have been delivered. liz: nice job. jo ling is there. time for number one thing to watch, j.c. parets, eagle bay
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capital fund found ir, number one thing? >> futures market are best indicator where prices are going. pricing just 62% probability that the first rate hike will be end of october at that particular meeting. 62% down from 70 two weeks ago, down from 80% a few weeks back. if you want to talk about trend, the trends and likelihood of rates to go up continues to decrease. david: there are some people taking a bit, with zero inflation or close to zero inflation right now, what is the harm of taking some of the money off the table just in case there's a pullback either in latter part of december or earth parcel of january? >> if there is pullback in bond i think you have to buy it. no doubt about it. everybody except the economists are saying rates will stay lower. i think you have to listen to the market. forget the news. forget what the sell side is saying. look at market. tough trust those actually putting money to work. the big money, trillions of dollars -- scaramucci believes as you do. >> completely on same page with
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him. he talks with all the hedge fund managers. he knows what they're doing. i'm looking at money flow. i'm looking at it. keep buying bond and keep buying, if you're in stocks, lean towards stocks paying higher dividends. liz: a lot of viewers are in treasurys want to be, 30-year, 10-year, two, five, 15? >> keep it stupid. buy tlt call it a day. david: how about corporate bonds? >> on relative basis stay away from those and stay away from the junk. david: not talking about junk. talking about high class companies that are not junk bonds but still pretty good interest rates? >> i like to keep my life simple and easy. i don't like headaches. stick with government bonds. it is working outperforming everything else. why get cute. david: by the way will you start a hedge fund soon? >> we're in the process launching it this week. david: not bad, j.c. parets. just for high rollers or we get involved? liz: minimum. >> contact me at eagle bay
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capital.com. david: is there a minimum for folks watching? >> we have accredited investor situations and things like that and pretty high minimums. david: good stuff. >> liz: j.c. parets, congratulations. david: "willis report" is next. we'll see you tomorrow. gerri: hello, everyone, i'm gerri willis. we begin tonight with a warning to all parents and grandparents. as you hit the toy store this season you want to check and double-check the safety of those toys on your christmas shopping list. according to a new study, toy related injuries are up 60% since 1990. here with their annual list of dangerous toys that can still be found on store shelves is the u.s. public industry research group. thanks for coming on the show tonight. if people don't think this is important list. let me explain. this is your 29th annual. as a matter of fact the federal government recalls a lot of toys you shed a light on,p
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