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tv   After the Bell  FOX Business  December 9, 2014 4:00pm-5:01pm EST

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at&t down three%. [closing bell ringing] david: we forgot to mention gold but we haven't forgotten. we'll talk about with the cm e-trader in a moment. liz: what a trade was, david. $35 a troy ounce. here we go. looks like s&p is scratching out or at least attempting to scratch out a gain here. david: up, down. liz: these numbers are still settling because trades still have to go through. as we look at gains we do see, the nasdaq was able to hold on to the plus side for most of the session, even adding on to it in the final hour of trade. we started 3:00 p.m. eastern. up 17. now 25. let's get to it. "after the bell" starts right now. david: by the way, again that russell 2000, almost a full two percentage points in the green today. of course it has been beaten down tearily. yesterday was no exception. little bit of a comeback today. time to break down today's
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action. we had a lot it. he says the market may see pullback coming months. be prepared. he will tell you how much. bernie williams, will help investors use low energy prices to maximize returns. we'll start with larry shover from the cme. i want to start with you. 12 noon, we went from close to 200 points in the dow, pulling back. we didn't make it into positive territory although the s&p barely did. the fed president from atlanta, mr. lockhart, dennis lockhart, said that the fed can afford to be patient on the first rate hike. that seemed to turn the markets around. am i right or am i wrong? >> i think you're dead right because what it did, it relaxed the trading environment. once again, just told the story that the fed is going to be very data dependent. they will not come out with some point and graph chart saying we'll raise rates no mater what
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in march or june or whatever. the markets are pointing to june. it was a comforting factor. beyond the fact right now we're in very complacent environment in the stock market, just soothes a lot of fears and got people back excited about the stock market. liz: excited about the stock market but there are some parts with a lot of money under management who are a little worried. i want to bring in michael binger. tell me what about the market's behavior bothered you today. >> i think volatility is increasing. when you look back just a few weeks ago back in october, we had a pretty steep correction. we recovered that and a lot more. so right now i think there is a little bit of a new fly in the ointment. i think these low oil prices may be good for the economy but i'm not so sure they're good for the stock markets. i think we have 20% of the market right now being oil producers, oil service companies and commodities in a flat-out bear market. so i worry about that pressuring earnings growth next year.
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we've had a awful strong year on back of a strong year in '13. if someone says you know i might want to lock in a little it about profits here i don't think that's a bad idea. david: all right. bernie, we had statements from the fed's dennis lockhart saying the fed will take time to raise rates but has the economy strengthened enough there is no reason for low interest rates any longer? >> i absolutely agree. i think the fed will raise rates by mid-year. they will probably not as fast as expectations. maybe fed raise mid-june and maybe one more for the year. i think market will react postively to that. david: we look at a chart relates inflation to the fed funds rate. as you can see, inflation, as low as it is, inflation has been above interest rates for about the past three years, since they started qe. isn't it time to turn that around? >> yeah, absolutely. again i think the economy is
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improving. you've seen the latest spate of numbers it has done very well. i think fed will raise rates around mid-year. liz: let us go to what really spiked today and that was gold, larry. give us a sense, that has to be a flight to quality maybe? the dollar was not necessarily stronger today. in fact the yen suddenly woke up and showed a little bit of muscle against the dollar. wasn't that we had a strong dollar which makes gold and oil turns weaker. >> yeah. 2% move in gold on the up swing. definitely is some fear there. but i figure the story that needs to be told, etf holdings from last week, american eagle coin sales last week were all at a six-month high. also new news came out of turkey, they're in a six-year high of importation of gold. we know they are a very big jewelry manufacturer. china is talking about relaxing their importation rules. believe it or not they may become an importer of gold.
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india relieved restrictions something they implemented early 2013. combine all the things with the amount of negativity and shorts in the market, this was a good eel fashioned short squeeze mixed with fear. i believe 1200 is the magnet. overall that caused oil, i'm sorry, gold to go up 2% today. david: mike, talk about the dollar because both gold and oil depend to a large extent on the value of the dollar. with all the other currencies around the world thinking of weakening their own currencies, doesn't the dollar to have remain stronger around perhaps could it get stronger than it is now? >> i think we're at where the dollar will stay at these elevated stronger levels. the economy is much better than when you look at other global economies around the world. because of that i think the dollar will stay strong. that may be a bit of a headwind for some big multinational
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companies if they're facing 2015 with strong dollar and currency translation it takes when you have to bring revenues into the u.s. dollar. liz: michael, with all the snow in minneapolis in ohio, looks like you could take a cruise. bernie is picking carnival corp and royal caribbean, bernie? why two cruise companies? isn't one enough for a portfolio? >> they're both very good, in the same industry and facing the tailwinds. fuel costs are going down. that is not the main reason to invest in them. the pricing has recovered from some bad concordia groundings and other issues. they're moving into china, interestingly, creating a new market for cruise lines. they have good tailwinds for them right now. david: bernie, i just got to ask you about europe because you're looking at europe right now. obviously you want to buy low and sell high. certainly you're buying low into europe but has it really bottomed out? doesn't it have a ways to go?
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>> well i think you have the prospect of qe supporting europe. consensus earnings for european companies are higher than the u.s. next year. as you mentioned with the dollar strength, that is supportive of european companies that are selling overseas. so i things could shape up fora pretty good year for european stocks next year. liz: okay. great to see all of you. michael, bernie and larry shover, thank you. >> thanks, gentlemen. liz: oil prices tumbled since the start of the year so have gasoline prices. david: thank goodness. liz: this is great, right? national average, we know there are lower areas around town, but $2.56 a gallon. that is down from 2.93 just one month ago. david: what is the relationship between the price of oil and the price of gasoline? sometimes it takes so long, frustratingly long to see gas come down along with oil. how much lower can we go? with us michael green, aaa senior gas analyst. first of all, how low would oil
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have to go for gas to drop under $2 a gallon as average? >> we would need crude oil to drop 25 to $30 a barrel for most americans to pay less than $2 for gasoline. but the most amazing thing is we've seen some gasoline stations in the oklahoma city area sell gas under $2 a gallon. that is more of a mark connect gimmick. david: loss leader. some are actually losing money on that. >> exactly. they're trying to get people into the gas station. with that said, we are looking at increasingly lower gas prices in many parts of the country. if you're in st. louis today, the average price, the price most people are paying is about 2.$25 per gallon. -- $2.25. the price will probably drop to christmas, $2.50 a gallon. that will be another 15 cents for most people. liz: talk about christmas.
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people get in the car and go to their relatives and friend and travel. what will gasoline, your best prediction be by christmas? >> we're still working out the travel forecast for christmas. but for thanksgiving we said travel would go up 4% in comparison to last year. it was the most people traveling since 2007. the reason was lower gas prices and improving u.s. economy. those same factors are still at play. we really wouldn't be surprising to see another strong year for christmas. aaa estimates the average household right now is saving $100 a month on gasoline compared to what they were paying back in the summer. that works out when you add it up up, $300 million a day to gasoline. these are real savings and a big boon tot economy. david: michael, are you concerned the price of oil might get so low, a lot of frackers and other shale oil folks won't make a profit and will start capping some of these wells and eventually the glut that we have seen has brow down oil prices will end? >> you know there are a lot of
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uncertainties about the oil market. i've seen some analysts talk about $35 a barrel oil next year. we really don't know. possibilities demand goes up as the price drops. people drive more in other words. we also have problems with the economies in europe and asia as well. the other half of the argument you brought up, maybe supply will go down because u.s. shale oil producers can't afford to continue to produce as prices drop. no one really knows. that is what makes forecasting for next year so difficult. i mean the safe assumption is that gas prices should remain relatively lowell into 2015 but how far they drop we really don't know. david: michael green, aaa gas price analyst. great to see you again. thank you very much, michael. >> thank you. liz: we would love to hear from you about this, yes indeed. have you seen prices fall in your area or are stations holding out saying it takes too much time to climb a ladder with a stick to change the numbers? has it had a positive impact on your wallet? send us a message on facebook or
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tweet us @fbnatb. david: one of our producers saw goss still hovering four bucks a gallon. they snapped this shot. they told her they were in the midst of changing it to $3.98. yeah, right. >> come to new jersey, much cheaper. david: manhattan is expensive. >> new report says there are six industries that can not find enough workers fast enough. so why are millions unemployed? we talked to the world's number one job search site about its report and where those jobs are. david: plus china, you saw the news this morning, suffering its largest market drop since 2009. of course that hit our markets here at home. we're talking to economists in beijing what is really going on, what investors over there are saying. if the fall will continue. liz: tesla's stock sees some green after falling for seven straight days. it reversed today. time to buy or pull the plug? could now be the best time to
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start a business? that's a good question. is apple hoarding the iphone 6 in advance of the holidays? that and more with our panel straight ahead. ♪ she's still the one for you. and cialis for daily use helps you be ready anytime the moment is right. cialis is also the only daily ed tablet approved to treat symptoms of bph, like needing to go frequently. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long term injury, get medical help right away for an erection lasting more than four hours. if you have any sudden decrease or loss in hearing or vision,
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david: china's 5.4% market slide yesterday certainly spilled over to our own markets although we did recover quite a bit from our lows but some china watchers say we have not seen the end of troubles over there. the for details let's bring in paul christopher, wells fargo advisors chief international strategy. joining us by phone, robert loom, investment banker and economist. robert, make it simple for the audience. you've been there a long time. you know it well. what is going on with the chinese financial markets right now? >> this is retail investors chomping at the bit. key event in china nobody is picking up, the people's daily, the government mouthpiece came out calling for lower growth and reform, reflecting a deep struggle inside the government between the propogandists who controlled the policy under xi and reformers, okay?
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so that's, that's an important element but what's going on is that banks also are chomping at the bit for business. and no more of these high interest, risk, you know, deposits for people to take up. the real estate market is marbling. david: let me make it, let me make it real simple if i can for viewers. people were essentially borrowing, investors were borrowing a lot of money for assets thinking that the assets would keep going up. now that assets are coming down folks are left with the debt, is that about right? >> there is marginal lending to buy stocks. that is the greatest products that banks are pushing. they're even pushing central bank to lower reserve requirements to do more of this. there is 100 billion u.s. dollars of these margin loans outstanding thousand. of course prices go down, people will be rushing for the exit. cover their -- david: hold on a second, robert.
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paul christopher, what about this? if these margin loans are outstanding based on assets dropping in value, we know how that story ends. >> well, that's right. that's why the chinese government wants to try to stop this to put an end being able to use collateral for margin borrowing. they're in a very delicate balancing act. chinese authorities, reformsers are trying to squeeze out of business the unproductive, unprofitable firms. they know that will slow the economy. with the other hand they inject additional stimulus with lower rates w a third hand they have to keep investors from borrowing too much money at those lower rates and driving credit prices or amounts even higher. david: robert, there is kind of an irony here. wasn't the chinese government pumping up the stock market? >> they are pumping up the stock market. the chinese securities journal, which is the wealthy journal of china if you want to call it, they said this is not a speculative market this is confidence market. confidence in the great leadership.
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confidence in the communist party, ability to lead. this is propogandists driving policy. they think, you know, a market is like everything else. we can manipulate opinion. in other evidence is the nightly news program. monday night they waxed eloquently about the 4.5% gain in shanghai and how, you know, china is the 40-month high. you know how great the economy is. today there is nothing on the nightly news about the stock market drop. in other words, only positive news. it worked for the market. bloom berks "the wall street journal," the new york stock exchange are blocked in china. how are investors supposed to get real financial news? they will read propaganda? david: that is good question. let me ask paul how it affects markets here. what about the markets over there? is it possible to invest in china with markets essentially rigged? >> we don't recommend our clients try to buy chinese a-shares. that is the retail chinese
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investor as robert pointed out but we do think over time thrill will be investment opportunities in china as reforms take hold and we think they will actually produce better returns, better results and more investment opportunities going forward. david: paul, you heard robert talk about what is going on over there. do you really think a government that has been involved in artificially pumping up a market can now succeed in pumping down that market? >> well the market is up what, almost 30% last couple months? that is going to need a correction because there is no fundamental improvement in the economy but chinese retail investors are notorious buying on speculative whims and facing corrections that come afterwards. i don't think that is necessarily an indictment of the chinese economy. david: very quickly, robert, we have really run out of time but is there any sense of panic among investors or are they taking this news in stride? >> it will come day-to-day like the people's daily article
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today. 1/5 of the foreign quota for shanghai stock index remains unused. for a wells fargo guy that is true. march 2007, the levels was first of market corrections or crashes prelude to 2008, okay? so, you know, that doesn't mean this is connected to those kind of international activities. there was no margin lending then. okay, there is today. the market was two times the level that it is today. this is a struggle of the propogandists. this is the china dream model. you know, so far these guys have been successful. you know there is a policy struggle going on here. you know unfortunately those kinds of people have been in charge. we'll see what happens. david: we have to leave it at that, robert blohm from beijing. robert christopher from wells fargo. very interesting. liz? liz: mit economist jonathan gruber in the hot seat on capitol hill trying to explain why he called american voters
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stupid. we're going live to washington there. plus some the movie "the interview" could be the main reason why sony's hack attack happened. we'll hear from james franco, one of the stars of the movie, and what he thinks about that, straight ahead. the government may run out of money on thursday if new spending legislation doesn't pass. many are saying don't worry but should you? are you ignoring this situation at your own peril? you have to watch this. stay tuned. ♪ dad,thank you mom for said this oftprotecting my future.you.
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david: obamacare advisor jonathan gruber eating a little crow in front of congress today trying to walk back comments he made earlier about pulling the wool over the eye of quote, stupid american voters. rich edson live in washington with more. rich. >> now says he knew better than to make the remarks. he is embarass and he says he is sorry. jonathan gruber says any suggestion congress misled voters and took advantage of their stupidity to pass the law was his attempt seeming more
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intelligent by despairing others. he said they passed obamacare with transparency and robust debate. following his apology would he provide information how the state and federal governments paid him on his consulting work for health care. >> will you provide copies of your communication including emails, presentations or any other discussions or conversations you had with federal or state officials or employees related to the affordable care act exchanges or other health care reform proposals? >> once again, the committee can take that up -- >> i need a yes or no. i'm not interested in talking to your counsel. i'm interesting in talking to you, right now, under oath, having been paid by the american taxpayers. will you or will you not provide that information? >> you can take that up with my counsel. >> guber also expanded on comments suggesting that the health care law prohibits government offering health square subsidies with states without state-run exchanges. the supreme court will decide
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that issue. a ruling against the administration could strike out one of the foundation of the law. gruber says his statements were taken out of context and he believes obamacare allows government subsidies to offer them in states without exchanges. david: all 10 of those statements were probably taken out of context. liz? liz: tesla's stock this morning was taken out of context. in fact it would have been the 8th straight day so the downside for the electric carmaker. at the end of the session, punched up to the upside and saw green. after falling seven straight days. tesla now below its 200-day moving average. is it time to pull the plug on tesla's shares or stay in and win? we have "wall street journal's" money beat writer. chris better tell son, global chief investment officer and fox business's cheryl casone. chris, the conventional wisdom up until late today when the stock managed to move to the upside was that cheaper gasoline is not going to help tesla's
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sales. do you like this stock? do you believe it is bigger than cheaper gasoline sales in the short term? >> i think electric power will come down in prices. energy comes down in price. still cheaper than the f-series mercedes or 7-series bmw. the way to play it be patient, buy 1 1/2 converts. liz: the 1 1/2 converts and not actual stock itself? >> yes. liz: what is the yield? >> the yield is only 1 1/2%. liz: when you actually move it in. >> yeah, you can be, you can be patient until such times as trades in parity with the common. liz: paul, patience is important certainly but stock itself off annual highs. off more chan $230 a share. >> right. tesla is one of these momentum darlings, stocks that people love and buy it. it has a nose bleed pe, assuming
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it produces earnings. it is interesting product, nice to see american car company independent. this stock is not trading on fun fuss and knot been trading on fundamentals for a very long time. liz: do you fight the tape cheryl and do what charles payne said it, buy it in the 80s and don't worry about the naysayers? >> i think naysayers have much better point today and that is something you mentioned, gasoline prices. holiday numbers for ford, general motors, chrysler, they're doing very, very well. that is not good news for somebody like tesla. that is expensive car, prided itself on be an electric vehicle. with gasoline less than $2 a gallon in some parts of the country, liz, how can tesla, those analysts, anybody that owns the stock or pushing the stock actually say to me now, yeah it is still a good buy? it was momentum play. i think it is over. liz: cool factor is there.
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when it comes out with a crossover suv maybe that juices the stock. come thursday, don't let the debt ceiling hit you in the head guest may run out of money if new legislation is not passed. are you doing so at your own peril? paul you wrote about this today in the "wall street journal." two issues need to be passed. tax extenders bill. john boehner is having a trouble when looking at tea party activists saying don't sign the tax extender bill. >> nobody is talking about a government shutdown. some deal will happen. it may not be a permanent long-term fix what everybody wants. something that gets us past thursday. liz: no shutdown? >> if there is shut down, it would be a real shock tow everybody. liz: chris, do you agree with that? >> i agree with that. he will make a deal with nancy pelosi and get it done. and tea party won't count as far as that is concerned. liz: can you imagine can can i
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marge pelosi and boehner working together. >> the packs extenders will pass not only that because of lobbying efforts. there is big move within the republican party in d.c. to make sure the tax extenders are passed. nobody wants a government shut down. i think that absolutely we'll not have that at the same time you have a gop that says they can't do anything next year when they have the senate. that we'll bring up big guns whether corporate tax reform or tax extenders or any budget issues this is non-sequitur. liz: up next, could now be the perfect time to start a new business? is apple sporting the iphone 6, david. only one place you can find it. david: austin. he has one. you have one anyway. millions of americans remain out of work. six industries that can't find workers fast enough. where are the jobs?
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we'll talk to the world's number one job search site coming up. sony's upcoming comedy about north korea the interview, the reason why sony's records were hack? coming up we'll hear from james franco, one of the stars of the movie. ♪ how much money do you have in your pocket right now? i have $40, $21. could something that small make an impact on something as big as your retirement? i don't think so. well if you start putting that towards your retirement every week and let it grow over time, for twenty to thirty years, that retirement challenge might not seem so big after all. ♪ it's more than the car.er. for lotus f1 team, the competitive edge is the cloud. powered by microsoft dynamics, azure, and office 365,
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over 12,000 financial advisors. so, how are things? good, good. nearly $800 billion dollars in assets under care. let me just put this away. how did edward jones get so big? could you teach our kids that trick? by not acting that way. ok, last quarter... it's how edward jones makes sense of investing. ♪ liz: so you've heard this, it is a horrible time to start a business. too many regulations.
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well guess what? small business sentiment hit a seven-year high in the month of november. so is now really a straight time to start a business? we're back with our panel. paul and cheryl casone. i want to put up list. we did a quick search started during recession. microsoft during recession of '73. ge, 73, there was a recession. revlon, 1932. theres with a great depression. hyatt hotel, 1957. recently, warby parker. >> we're coming out of recession and maybe not so good for american workers. we have a wage disparity issue going on. jobs are improving. regulation and little bit after change in washington, go back here for a second. i think we could see a very positive growth environment for small businesses in 2015.
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but we've got to see wages, incomes, start to move higher. if you don't have a consume they're will buy your pizza, you will not have a business. we need to see that happen this year. liz: chris, the spirit of the american entrepreneur always manages to find way, right? >> absolutely. innovation nation. but i think you want to pick the state which you start your business in. there are a few of them would i skip like california or chicago. liz: silicon valley sprouting up all kind of startups. >> yes, that's true but for most small businesses they're not, based in technology. they're basically based in, start as a mom-and-pop enterprise. and, that's difficult in a state that has those, that, has high tax rates. >> paul, would you start a business today? >> well, look, depends on what you're doing. i was in silicon valley this summer. it is on fire. people are forming businesses left and right. cheryl's point about the economy is a very good one. this is not the greatest
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economy. the seven-year high figure. put that into per speck. the last seven years have been pretty lousy. the economy is growing. not great but growing. interest rates are still historically extremely low. if you're looking to borrow money, now is as good as time as any. >> how can you afford the rent in new york city if i want to start a dry cleaning business? how can i afford the rent in this town any can't. that is happening across the country. liz: chris's point depends on the state. apple through thick and thin in all kinds of recessions. today it is hording its own iphone 6 up is ply. where are they hoarding it? their own stores. is this a good strategy, paul. makes it so limited everybody wants it? >> i think. >> i have image of tim cook in the warehouse holding on to iphones won't let them go. this is not a bad strategy. everybody wants it. why should they sell their own
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stores. the downside they annoy retail partners. liz: where did you get it? at the apple store? >> won't disclose that information. liz: he was told he couldn't disclose the information by apple i'm sure. what do you think, cheryl? >> to tell you. look, three-month delay now for my apple iphone 6 plus. thanks a lot, buddy. paul is right, way to tick off your supplier, paying premium and up front like at&t and verizon. nice job, apple. liz: maybe it is smartest way to go. >> absolutely. margins will be much better for apple. decides apple pay will dominate. so, and, this was bought just a week ago at a at&t store. so, and it is 132 megabytes. >> tell me how? i need mine. i'm waiting! liz: thanks to all of you. paul vina, chris, and cheryl casone. austin, i don't know what
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happened to your phone. thanks. david: i don't think you will get away with that one. tell you what industry are i dying to hire americans. they can't find the right people to fill the positions. if you're looking for a job or no some one who is. we will tell you where to find those jobs coming next. also former nba star dennis rodman, you never know what he is going to say. he tells us what he was doing in russia with president putin recently. and his latest interaction with north korean dictator kim jong-un. how could a luminous protein in jellyfish, impact life expectancy in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence.
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liz: we've been asking you if you have seen prices at pump. stations near airports in the midwest are holding out. that is not out of the ordinary. david: join the conversation. send us a message on facebook. tweet us @fbnatb. your responses, more of them coming up. liz: the economy saw a jump in job creation last month. millions of people are unemployed and they want good jobs. surprisingly hundreds of jobs are unfilled right now. david: so why are good-paying jobs going unfilled? joining us, paul darcy, senior vice president indeed.com.
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paul, first of all, we're not talking necessarily about these high-tech jobs which you need a phd in computer science. i was surprised to see food service is one of the largest groups which they have unfilled positions? >> i think there is good news for everyone here. certainly high-skilled roles are becoming very difficult to fill in the current economy. but when you look at industries having the most trouble filling their positions, food service can accommodation is actually the number one. 43%. 43% of jobs right now, job postings and accommodation and food services are staying open more than three months. so it is becoming very difficult for organizations in that area to fill. their jobs. likewise -- david: liz: well i'm looking at educational services. can you drill down and give us a better definition what those jobs are? because 38 percent of those are unfilled. >> that's correct. education services includes
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everything related to the schools and other educational institutions. so, certainly that includes teachers, but it also includes administration, administrative roles, janitors, people who might be in information technology functions. all of the different roles that are needed to make a school run and yes, that's the number two area that is having the most difficulty filling positions quickly. david: up until recently, i think north dakota had the lowest unemployment rate in america because of fracking. there was so much fracking going on. they were leading industry. >> yeah. david: i imagine some of that has changed but not so quickly they aren't still looking for people in both mining and in trucking i guess, right? >> yeah. mining is a small industry. there is about 100,000 people in the united states in mining and logging but it is also top six industries having most trouble filling positions. david: look at pay scale, 27 to 31 bucks an hour. >> that's correct. significantly higher than the u.s. average of a little over
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$24 an hour. liz: transportation is an interesting one because that also includes warehousing and utilities. look what we see here. there is a big chunk of job openings that remain unfilled. what kind of skills would you need for some of these? we're looking at flight attendants, freight brokers, dispatchers. it is not necessarily getting behind the wheel of a big truck. >> that's right. although i must say that drivers of big you can interests is one of the areas that is in the highest demand in the u.s. organizations are finding it very, very difficult to find long-haul truckers right now. but that category is pretty varied. it includes people who work in warehouses and warehouse type jobs. it also includes people in the utilities industries. there is a lot of high paying jobs going unfilled there. david: very quickly, paul, the last jobs figure was a pretty good one last week. was that an anomaly? or do you think we are going to be, should we get used to seeing 300,000 or more jobs created a
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month? >> it is hard to say what we'll see month to month in terms of growth but i think a couple things are clear. for first time we're starting to see significant wage inflation. i think fact that some jobs are remaining open, now 33% of the jobs in the united states are open more than three months. fact that organizations are struggling to fill those positions means that raising wages is one of the things they need to do to pull more people back into the labor market, who have left in the last few years. liz: indeed.com you have 150 million unique visitors every single month. >> that's correct. liz: are you seeing number trend slightly higher as some disenfranchised people who left the workforce jump back in to start looking? >> we find every sort of person across the economy at some point or another is looking for jobs. in a typical year, 70% of the population will visit a job site like indeed and ex-pour different opportunities. we find, many, people are active, both unemployed and
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employed people at all levels. we find that number doesn't change regardlesseducation and income. people at all different levels are looking for opportunities. >> good stuff. liz: paul darcy, indeed.com. check out the website. david: great news, paul, thank you very much. a group claiming to be responsible for the sony pictures entertainment hack is demanding that sown any cancel the release of "the interview" starring james franco and seth rogan. liz: our own dierdre bolton spoke to james franco, one of the stars of the movie, spoke to him about this. >> he underlined, it is a comedy, suppose to be funny. he said are you interested being in this international event. >> no, i mean, who knows. that was a while ago they -- >> or that it would cause perhaps -- >> there is hacking thing going on. north korea denied involvement. so i actually have no idea what is going on with all of this
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but, they did make a statement a while ago. it was a statement based on a trailer and not seeing concept and not seen the movie. the movie is a comedy. it is satire and we satirize american culture as much as we do anything. my hope is that it comes out and everybody sees, oh, this is funny. >> yeah, this is funny. so not so much. not everybody thought it was funny. i asked him, so now are you worried because we've been covering this story all on fox business about how social security numbers have been released? sylvester stallone, some celebrities and some of their addresses? he said i'm not actually worried. seth told me not to worry, seth rogan told me not to worry about it. sony told me not to worry about it. until my information was out there i won't worry about it. liz: what was out there, he was getting two million less than seth rogan.
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is he worried about that? >> he was there with two former nyu students. he is a chilled out guy. david: the hackers, demanding they pull back the movie. who else other than the north koreans would demand something like that. >> cybersecurity experts as well. what i keep hearing it is probably a third party sympathetic -- david: sympathetic paid off. who is sympathetic with north korea? not many sane people in the world. >> exactly. long story short but at least from artistic point of view not high on the alarm scale. liz: interesting interview. truly was, deirdre. >> fun to see him with students. liz: teacher at nyu, dierdre bolton, thanks a lot. liz: up next north korea had come under suspicion forethe hack attack from sony. i guess we'll hear from one of the sympathizers over there, former nba player, dennis rodman. he hung out with the north korean dictator. something few westerners ever have done. we'll get his take.
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david: s&p up more than 80% over past five years, what could possibly derail this bull market? we'll bring back paul vina to till us the number one thing to watch. >> hi, everyone, i'm gerri willis. coming up on my show at the top of the hour. they're rate offed the worst cars and suvs on the road. we're running down the latest list from consumer reports. that is one of the big stories coming up on "the willis report" in just a few minutes. hard it can be...how ...to breathe with copd? it can feel like this.
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liz: it has been an incredible day on fox business. earlier today, melissa francis spoke with former nba star dennis rodman about his interesting relationships with some of the world's most tape must leaders. he recently visited russian president vladmir putin. >> president asked me to come out there. hung out with those guys for a minute. >> vladmir putin? >> yes. >> what is he like? >> he is cool. >> really. >> not talking about politics. i ain't about politics. >> you didn't talk about politics at all? what did you talk about? what is typical conversation with vlad like? >> he walked in. shook my hand. with all his people. stayed there good time with his restaurant. >> you have a knack for making friends with america's enemies. kim jong-un. i got to. i mean journalist, i can't help myself. >> got to bring it up. got to bring it up.
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how he is doing? >> i haven't talked to him since january. communicated in the last nine months. i'm not a politician. i'm just a basketball ambassador. that is it. people trying to talk about me freeing world. doing sufficient like that. trying to, increase, how this could happen around the world. that is about it. david: you never know what you will see on fox business. all of today's interviews on foxbusiness.com. gerri: we've been asking you if you have seen prices at pump fall in your area? are the stations holding out? marco is weighing in. market says gasoline is $3.06 is here. our gas tax in new york is 32 cents more than oklahoma. gas hit buck 99 in oklahoma. we should be down to 2.31. david: local taxes will kill you. wayne says he is first in, first
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out gas stations fall. last in, last out when prices go up. i hear you. liz: paul, number one thing. >> central bank policy three most important central banks, fed, bank of japan and ecb. they're all sort of pivot points. the fed is trying to figure out exactly when they will start hiking rates. sending signals to the market. see the market react. bank of japan has problem. they have unloaded bazooka and nothing out of it. david: bank of japan was one of institutions that started this thing of zero interest rates 20, 30 years ago, and it hasn't helped them at all. >> not at all. that is lesson nobody wants to take. ecb keeps talking about doing qe. mario draghi problem is most. -- promises it. i'm convinced he won't get it done. germans will not let him go. i think they're playing a talking game. trying to jawbone the markets doing better. he hasn't delivered yet.
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i don't think he will deliver. that will be issue for markets. liz: central bankers, they do hold the keys, don't they? david: absolutely. thank you, paul. "the willis report" is next. liz: have a great night. gerri: hello, everybody, i'm gerri willis. we begin with the fan at the center of obamacare's troubled image. jonathan gruber was in the hot seat today as he testified before the house oversight committee over his controversial comments saying obamacare was passed because of the stupidity of the american voter. that is what he said. not what i'm saying. he is apologizing, trying to down play those comments today. joining me dr. scott gottlieb, physician and resident fellow at the american enterprise institute. doc, great to have you back. we'll get to sound from jonathan gruber. hear the exchanges in this case with darrell issa.

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