tv After the Bell FOX Business December 19, 2014 4:00pm-5:01pm EST
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liz: okay. whoa. for a second. there is the bell. david: bell is late. trust us, folks. the bells are ringing somewhere. i can hear them in the background. maybe they were reluctant trying to wait for this rally to improve. it was coming down as we were heading towards the close. this is a market where the dow was originally up close to triple digits earlier today. it came down particularly in the last hour of trading. all the indices are down. again, we have to emphasize, this week was positive with huge gains yesterday, making the entire week positive. a lot to talk about because what is happening? what was wrong with this market? was it oversold? was it undersold? we'll answer all your questions coming up "after the bell," right now. liz: trading volume spiking into the close as we endure every
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time at this time of year the quadruple, but let's get to today's action. mark will tell you why adding small cap names to your portfolio would be good new year's resolutions for you. mike of the westwood holding group. one sector will be a clear winner. dying to know. and joe is at the sme. joe, we had quadrupling witching. a lot of balancing like with the s&p and russell. what drove the action today beyond that? >> well, you know what, i think, first of all, with having oil basically finding a base and recovering. and really, that was like a stimulus to not only the middle class here in the united states, but it also gave consumers scrarytionz. industrials. gave everybody a stimulus that we weren't expecting this time of year. it gave a nice little push to the upside. did have some selling on
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the close. that did moderate. i thought we would go out on some of the higher levels we were seeing. again, we're going in with a lot of momentum. very interested to see what the gentleman will say about small caps. that has been the driver. these small caps. micro caps have been driving the markets. david: thanks for the tease. i want to get to nicole. nicole, since early in september, two big drops in the market. second one wasn't fair to call it a correction. it was so short-lived. i'm wondering what the old timers are saying about this. was the market oversold or overbought? nicole: i had a chat with jason. he still is bullish. pretty amazing considering we've had a great run this year overall after 30% on the s&p 500. last year, as a matter of fact i said -- i told him, i think it was my mom, and people were talking. talked to major d.
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everybody decided about the market. major d asked me about the market. should he sell? he said, oh, that's the time you know that you keep on buying. you still have people who are bullish on wall street's big picture. as far as the small caps just to quantify it, that group the russell up 3.8% this week. so that was a great driver of this market. that's absolutely right. liz: i think mark lehman is jumping out of his chair saying come to me. come to me. you have said go right into the russell. let's get to it. why are you a believer in the small and big cap names here? >> liz, there's been a period of outperforming of small caps. small caps need to catch up. we're seeing the ipo market open up. we're likely to see it in 2015. i get the sense that will be the year for small caps. we'lwe'll we'd enout the participation of stocks. if that's the case, the russell will be the one to play.
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david: matt, always winsers and losers on the market. what are you looking out in 2015 in terms of the losing sector? what are you wary of? >> we're concerned about those companies that are lower quality in nature, that rely purely on commodities to grow intrinsic values. one thing we're looking for going into 2015 are those companies with strong fundamentals and company specific opportunities for growth. we think one thing that is changing in 2015 is dispersion among stocks will go up. the reason for that is we're getting further away from the quantitative easing and monetary policy driven equity environment that we've seen over the last few years. we're now at a point where fundamentals matter. you want to go after the high quality businesses with company specific opportunities for growth. liz: give us some names here. you've been very, very clear in what you look
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for i at this point. what fits into your parameters? >> one name we like is target. it's a business that obviously had some difficulty late in 2013 and early in 2014 based on the data breach. but the recent trends are showing positive same store sales. when we look into 2015 we're seeing margins expanding. earning growths are 20% in the year over year. they'rthey raised the dividend this year. it's a name we like in 2015. david: oil did have some very specific effects on the market these past couple of weeks. today's rally was extraordinary. 7% gain for the price of oil. was that just short covering? how much of that was based on real supply and demand issues? >> oh, i think it was mostly short covering, without a doubt. and, again, it's -- to say that the new norm will be these 55,
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60-dollar level, right in that range, that's an anomaly. looking at 2015, you'll see the type of market we saw in oil, which is volatility. i think if you're not prepared for it, if you don't know how to trade volatility in your portfolio, you'll learn. that's what you'll have to -- david: let me ask you to be more specific. volatility on the downside? are we going to see enormous swings going back up to where it used to be a couple of months ago? >> i'll say, you'll be seeing more swings. may not be enormous swings like we saw in october and what we saw a couple of days. five, six-point swing in volatility. it will be more common. we only had volatility swings three or four times this year. that will be more the norm in 2015. that's why you're seeing a lot of, you know, stock pickers talking about how you want to find best of breed. quality balance sheets. they know that volatility is coming up.
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liz: i think you're right about that. it is. nicole, you see those traders on the floor constantly dealing with that. for quite some time, we had very little volatility. october, it began to spike. everyone slipped out of their minds. grow up. get ready in 2015 when the fed makes noise before they raise rates. that said, nobody is talking about metals at this point or even commodities. but what do you see on the floor? does anybody care about gold? nicole: i think everybody cares about everything, liz. you had a guess on the "countdown" closing bell. i won't say which one. he basically said he tried to get in the market how many times. i think he said like ten times. he just kept getting it wrong. you know, it's not easy sometimes to trade these volatile markets. and that's the environment we're in. if you're in there for the long-term, you're bullish, have it in your 401(k), when you're a
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trader trying to time a volatile market. materials were top performing group at one point. metals and mining. chemicals. gold. but right now at 1194 in the after hours. it's been exciting time on wall street. toss it back to you. 2.2 billion. it's still settling. david: another thing that has had big volatility is the retail market. when numbers on thanksgiving and cyber monday looked awful. then we saw new numbers. has that turned around? is retail on the upswing? >> i think it's definitely on the upswing. we used to talk about black friday and cyber monday as of that was the holiday. we also used to talk if how many days were between thanksgiving and christmas, nobody even talks about that anymore. the time when retail is affected around the christmas holiday stretches weeks before
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thanksgiving and stretches weeks after christmas. the post christmas holiday can be productive. i have data points post thanksgiving in the consumer spacing. your ultimate discretionary purchase, which is a mattress, anyone can postpone how long they want to get a new bed. the sales for those companies are off the charts. you see the consumer coming back the tax benefit they're getting, with the oil prices where they are, that will stay on for a little bit. you'll see it in consumer stocks. that's why you're seeing it. david: thank you very much. joe. matt. thank you. also, nicole, have a great weekend. thanks. liz: in the 2:00 p.m. eastern hour right as the final conference meeting began. the president called 2014 a year of action and break through. david: the president is confident that congress can make strides. he claims he will be working with congress more closely on particular issues.
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peter barnes is live at the white house with more. long press conference, peter. >> as the president heads off for christmas vacation in hawaii, and he said that he will not let the republicans in congress take away health care reform or consumer protections. he says if they do pass legislation, he will veto it and have enough democrats on his side on the hill on sustain his veto. there are a few areas he can work with the republicans on. here's what he said. obama: on increasing american exports. on simplifying our tax system. on rebuilding our infrastructure. my hope is we can get things done. >> now, he was also asked about the republicans -- the i incoming majority leader, mitch mcconnell to approve the keystone pipeline. the very first bill in the new congress in the senate. and he -- the president
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downplayed the benefits of the keystone pipeline. once again said he didn't think it would help gas prices. oil as a global commodity. the canadians just ship it all overseas, so it wouldn't help the us domestically. >> what if they send you the bill. >> he said. i'll see what the bill looks like. david and liz. david: there's only canadian oil in the pipeline, is what he said. that's not true. there will be us oil in there as well. but interesting, maybe he won't veto it. liz: we'll see. i think that story is very open-ended. peter, thank you very much. david: the fbi has confirmed north korea is responsible for the cyber attack on sony. the us will respond, quote, appropriately. what does that mean? how and when? liz: and as the number of hackers rise, so have cyber security company shares. we're talking to the ceo of one of them. look at this one. proofpoint.
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the stock up 45% this year. they're doing something right. david: good day to have the ceo. that's exclusive. was the rally overdone? or was the selloff overdone? could the decline in oil leave some states into recession? and george clooney calling out hollywood for its cowardice. did you see that? we have it all. a lot more with our panel straight ahead. ♪ ♪
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make the best entertainment part of your holidays. catch all the hottest handpicked titles on the winter watchlist, only with xfinity from comcast. liz: the fbi made it official saying north korea is the one responsible for the hacking at sony. david: we suspected, but now they said it's definite. in the last hour, we have new details that the sony hacking attack is still going on. adam has been all over this. adam, what is the latest? >> we have a source involved in this investigation. what's happening now, the social security numbers which were stolen, thieves are trying to use those numbers for their own gain. the child of a sony employee had their social security number stolen. then there were several attempts to access one of that child's financial institutions.
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the institution suspected something since the hacker could not get in fully and locked the account. one case. it's not just employees and past employees. if they put down a beneficiary, a relative or a a child on say a health care document or on a life insurance document, those numbers were stolen as well. howl will thwell. how will the us respond? obama: they caused a lot of damage, and we will respond. we will respond proportionally and we will respond in a place and time and manner that we choose. >> and fox news is reporting that one possible option is to put north korea back on the list of nations which sponsor or have state sponsored terrorism. back to you. david: well, i can't imagine them shaking their boots about that that one.
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liz: the hackers are lying. now they're taking social security numbers. they said they wouldn't. david: how can corporate america change the way it protects i was the and its employee's information. liz: proofpoint gary steele is here in a fox business exclusive. the ceo. this is a great day. you guys are having a great stock story. but you have a great story in and of yourself. you're the ones at the forefront for companies trying to do this. what are you doing for companies that has become so successful to protect their employees? >> we're focused on helping organizations deal with these targeted attacks coming in. and we have advanced technology that helps identify and block these kinds of threats. and in addition, we offer capabilities that just help you respond to something bad that may happen. one of the critical elements is that you have to move fast if something gets in. david: do you have any idea what sony did wrong?
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i know it's speculation. >> you know, it really is hard. it would simply be speculation. what we see more broadly. organizations haven't put in modern infrastructure to identify and block attacks coming in. as i said earlier, you have to move fast when something bad has happened. and i don't know where that fell in the world of sony, but that's what we see more commonly across other organizations. liz: well, the hackers have been prolific and very busy. they've sent out email after email. which leads to the question. here is one of them. remember the 11th of september 2001. this was the direct threat of violence for any theater that showed that movie about north korea that sony was producing. we recommend you to keep yourself distant from the places at that time. of course, the world will be full of fear. soon the world will see what an awful movie sony has made. the world will be full of fear. they sent a whole bunch last night. good job pulling the
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movie. why can't we trace this back? >> you know, it is interesting. i think that over time, this will be traced back. it will take some time to do the forensics required. david: you know, the president was talking a little about it today. he revealed something that was -- first of all, he kind of threw sony under the bus and said they were to blame for it. then he said he wished sony executives had come to him to ask his advice about it. a lot of libertarians are nervous about the government working so closely with particularly information companies. is that going to happen? is that inevitably where organizations like the white house or more specifically the nsa will get involved in helping private corporations? >> i think there's a broad theme that there will be more corporation. when you say state actors taking act against the united states, we see a desire
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to have more cooperation to broadly defend folks. what form that takes is in question. i do believe as a broad theme, organizations want to help each other defend themselves from these kinds of attacks. liz: okay. so as we look forward, we know a lot of companies have to redo how they do it, how they do business. sony outsourced its it to an asian nation. listen, we don't want to get jan django wisk, but is it bitter do stay in the us when you want real protection and real control when it comes to your internet providers. >> i'm not sure you can categorize it that way. in the whole security area, you have to have better awareness. you have to have accountability. both of those things go together. any single employee can leave the door open from an electronic standpoint.
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and at the same time, organizations need to have people accountable for ensuring that they have built the right level of defense and the right level of capability if something bad happens. whether you employ an outsourcer you have to have the accountability. david: gary, thank you so much. >> appreciate your time. david: come back. see us again hate to get it while the united states is getting attacked by terrorists. sony canceled the release of the movie, is that the wrong thing. we've been asking if you agree. many have chimed in. steve says, definitely not. it shows weakness. shannon, no, they gave in to terrorists. liz: sony will release the movie and with so much hype, it will make them millions. brilliant strategy on sony's part. we have not seen any
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move to release this in an underhanded fake piracy thing. join the conversation. we'd love to hear from you. tweet us. more of your comments ahead. david: as many viewers say, sony shouldn't have pulled the movie. what should they do now? more importantly, how should the us as a country respond? our panel weighs in. liz: the white house releasing details on plans to help you decide which colleges should receive government aid. david: we close out a volatile week. some investors ask themselves was the selloff overdone. was it the rally? our panel debate that coming up. ♪ ♪
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i am sympathetic to the concerns that they faced. having said all that, yes, i think they made a mistake. dave: even president obama thought sony made a mistake pulling the movie "the interview" after terrorist threats we know came from north korea. what happens now? let's bring in our panel. we have lee bud sen, co-founder chief investment officer, kerry sheffield, forbes contributor and fox business' tracy byrnes. tracy, were you surprised that the president said sony made a big mistake here. >> and then said sony could have come to me. truth of the matter is what was he going do? sony pulled the movie because the theater said they weren't going to show it. the theater were too afraid, they talked to lawyers, you're going to be responsible god forbid someone gets hurt and there goes the movie.
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we're in a slippery situation here, we look like we bowed down to them. at the same time, we are also a very litigious society. god forbid someone pulled a hang nail at within of the movie showings, sony would have been liable. dave: lee, tracy alluded to it, the president talked to him approaching sony or saying sony should have approached him. let's play that sound and then get to you comment. >> i'm sympathetic that sony, as a private company, was worried about liabilities and this and that and the other. i wish they had spoken to me first. i would have told them do not get into a pattern in which you're intimidated by these kinds of criminal attacks. dave: and lee, one pattern that i don't want our government to get into is asking media companies to come to the white
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house or any government source for advice about whether they should go public for something. that's a dangerous, that's a very slippery slope to get on, is it not? >> well, it is. there's no easy answer to this. first things first, the real issue with sony is there are a lot of e-mails internally that were embarrassing, don't write stuff that you don't want to have be read in public at some later date. second thing is last guest had great information about security and how sony dropped the ball on this. i think what we need to do, the third main point people need to realize, not about calling the white house, we have to stand up for first amendment rights of freedom. a bad movie, jokes against the president, this is america, we're allowed to do it, even if the theaters don't want it, who cares? we're going to release it, martin who wrote game of thrones, he said i'll play it
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here. don't give meet liability stuff. this is about first amendment rights. sony screwed us, and the president is being very nice, for a guy who is -- dave: i don't know how nice he's being, the fact is i do not want a president of the united states to get involved in making judgmental decisions to a media organization about whether they should or should not release something. by the way, george clooney also of course not only do i have questions about the president doing this, we have questions about north korea doing this. george clooney spoke out very definitively saying clearly, and i'm quoting him here, we have allowed north korea to dictate content and that is just insane. >> i actually do agree with what clooney is saying, and hollywood should have backed up sony more here. this goes beyond much more than the first amendment. talking about national security. talking about a company that makes video games and entertainment being attacked by a sovereign country that is developing nuclear weapons, that spends a third of gdp on weapons and military. do we think this is asymmetry
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would allow for a fair playing field for sony? i don't think so. dave: tracy, the question is what to do? a lot of suggestions that sony should put the information out on the internet. it's probably going to get there anyway, by some hacker, and instead of suing whoever the hacker is or trying to find out who they are, sony should let it play. the "wall street journal" suggested that the united states government buy from sony all the rights and just massively send these movies out to every corner of the earth. what do you think should be done? >> i think there are humanitarian groups that want to airdrop a bunch of copies into north korea. the end of the day sony is going to make money on this. people are going to be jonesing to see it. to george clooney's point here, sent out a petition, no one signed it. dave: hold on, let me read from the petition, this is extraordinary. we know that to give into the criminals will open the door for any group that would threaten freedom of expression
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and personal liberty. we hope the hackers are brought to justice. this is what george clooney wanted folks in hollywood to sign. lee munson, he could not find one person to sign this. what does that say to you? >> well, it tells me we've got a bunch of afraid liberals in hollywood that need to stand up for the rights that let them do their business for so long. and i'm not trying to defend the president, but i would say i think that if you're a company and you're being attacked by somebody else, you don't have to call the president, but call the fbi, be able to call the law enforcement high up and say hey, we'd like to -- can you back us up on this, and i'd love to have seen the president say, listen, i'm not going to tell media what to do, we don't back down as a country, and i'm shocked that the liberal hollywood media wouldn't jump on this as their pet cause for
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christmas. dave: nobody, nobody, george clooney could not get one person. what was overdone, the sell-off or the rally? and could texas be heading into a recession because of falling oil prices, liz? liz: david, the government created a new framework for determining which colleges should receive the most federal aid. not everybody's happy about it. some like it. we'll get the details straight ahead so can you decide. and for get fast food. 2014 is the year of casual dining, specifically burgers, with four such restaurant chains going public. we're talking to habit burger who sales have soared 50% this year. technology giving this dog derby, the chance to run again. stay tuned to hear how. (vo) rush hour around here starts at 6:30 a.m. - on the nose.
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. dave: last week, wall street had one of its worst weeks in 2 1/2 years, now seeing a witty week for the market, yesterday up over 400. what was overdone, the sell-off or the rally? back with lee munson, kerry sheffield and tracy byrnes, lee, what do you think? . >> i think the sell-off was overdone, i said last week friday was the bottom. we had a hangover monday. people were so freaked out and so many short sellers trying to
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manipulate the price of oil. oil is down by 50%, but commodities like lumber, copper, industrial metals were down double digits, we don't have the global demand problem that oil would suggest. so i think that the increase in the market we've seen is very good for the market. i think it's well received. i say you have to buy it. today you can commit capital. dave: we have oversupply of oil, the saudis continue to produce it, talking about oil in just a second. lee brings up interesting point. some of the market moves whether on the plus or negative side are not due to fundamentals. covering shorts. we're getting away from the fundamentals. >> exactly, i was a former moody's analyst, we're all about the fundamentals. 2014 has been a good year, you look a year ago, 2013 was a great year as well in terms of the stock market. i'm not so concerned about the palpitations of each week to week, fundamentally things concern me.
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market participation is going down, $18 trillion in debt, projecting a trillion dollar deficit. there are fundamentals that concern me next week. dave: tracy, what was overdone, the sell-off or the run-up? >> you had tax laws going on, people had good nears, in order to offset the gains, you got to find losses. the energy sector took the brunt of it. one of the sectors people went to to harvest tax losses. we're getting decent economic data. companies raising dividends, i agree they think you might see the market up until the end of the year. >> okay, being oil, talked about it before, talk about it again. the prices are great for consumers, states in the u.s. are getting hit hard boit decline in the oil patch. carrie, jpmorgan had this report out, as we weigh the evidence we think texas will at the least have a rough 2015 ahead, and is at risk of
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slipping into a regional recession. according to jpmorgan. >> not just texas it's north dakota, it's montana, and also globally. china has slowed down, brazil has slowed down. europe is incredibly sluggish, japan. it is true in the past we had the drop in oil prices due to a lack of -- it wasn't supply it was more demand. it's a mixed blessing. dave: tracy, if texas has a recession. texas was one of the job leaders in the united states, during the tough times. if they go in a recession. north dakota, montana, they're a bunch of -- even pennsylvania could conceivably, could that pull down the jobs to the point we're in trouble again? >> anything is possible, but david these states have gotten themselves and balance sheets so well positioned that if any, they can handle something, and i don't think it's going to bring them over the precipice, it's going to be a tough year,
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but i can't imagine that especially north dakota and texas, those states are solid. i think they will muddle through this. dave: lee, i owe you one, we have literally run out of time. lee munson, carrie sheffield and, of course, tracy byrnes. thank you very much, appreciate it. liz: the government releasing college rating system that divides schools into three different categories. good, bad and average. it will be used to direct federal aid. rich edson is with us on the story. >> reporter: with $150 billion in financial aid taxpayer money going to colleges and universities, the administration argues the evaluation system is well within federal boundaries with continually growing national student debt, the obama administration will evaluate colleges on graduation rates and how much graduates can expect to make. high school students can make a better college choice and the best use of tens of thousands of dollars of student loans. one analyst says the federal government may be ill equipped
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to deliver satisfactory evaluations. >> even commercial entities like "u.s. news & world report"'s rankings of colleges are subject to a lot of annual criticism. so it's unclear why the u.s. department of education thinks that it can do a better job than commercial entities that have been doing it for decades. >> reporter: the administration contends it will encourage colleges to budget more effectively, the details are part of initial proposal. the public will have a chance to comment before officials finalize the evaluation standards, the administration delayed this process twice. back to you. dave: rich edson, thank you very much. it has been a rough few weeks for russia with falling oil prices and the ruble crashing. could this be hurting companies here in the united states? next, we take a look at a few companies fueling the hurt from russia. liz: fast casual restaurants grilling traditional fast food joints this year.
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what's drawing customers away from the mcdonald's of the world into the fast growing space? next, in burger wars, we talk to the ceo of one fast casual burger chain looking to open another 25 locations next year alone. dad, i know i haven't said this often enough, but thank you. thank you mom for protecting my future. thank you for being my hero and my dad. military families are uniquely thankful for many things, the legacy of usaa auto insurance could be one of them. if you're a current or former military member or their family, get an auto insurance quote and see why 92% of our members plan to stay for life. ♪ (holiday mhey! is playing)
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. dave: between a crashing ruble, plunging oil prices and sanctions, russia has taken hard punches and it is impacting u.s. companies that do business in russia. ford, for example, has slashed jobs in the nation, reduced the value of investments in russia. next mcdonald's, while it's been facing overall weak european sales, the company cites russia as one of its weakest spots. and bp carrying the greatest exposure to russia, lost access to u.s. and european sources of financing. and exxon which took a blow when the company had to scrap deals with rosneft, there are losers in russia. liz: wall street appears to have a big appetite for fast
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casual restaurants these days with four names going public this year, zoe's kitchen, el pollo loco, habit burger is expand quickly and saw same-store sales grow last quarter. it was named best attesting tasting burger by consumer reports. with us is russell habit burger's ceo. you are california-centric but big enough to go public and you skyrocketed 120%. what did you think got investors so excited about habit burger? >> yeah, well, i think the number of things. we've been doing this for over 45 years. and i think we have a concept that really fits lifestyle today, that has a strong value proposition, that not only is centered in the better burger
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category, but offers a number of other items, fresh salads, sandwiches, sushi sandwich that has mass appeal for today's consumer. liz: so interesting to see the changes, we have seen the stock of mcdonald's suffer, burger king is private, and partly owned by warren buffett. it becomes the story looking at wendy's or jack-in-the-box, fast food isn't that attractive to some consumers, but what you do is. 1969, santa barbara, california was when the first one opened. but you have expanded. talk about where you look to expand in 2015. >> well, we currently have over 100 locations. we recently opened our first restaurant in north new jersey this year, and next year we'd like to do 26 to 28 new locations. about 75 to 80% of them will be in the west. california primarily, arizona and utah, but our second new
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jersey location is due to open in the next six or seven weeks, as well as we'll earned the washington, d.c. metropolitan area and exploreda, in the upcoming year. liz: specifically, fast burger joints are popular, bear burger, shake shack is expected to go public. how do you stay in the forefront of consumers' minds and taste buds when the hounds are nipping at your heels? >> the burger category is a huge category. primarily dominated by the traditional fast feeders. the largest four companies have over 30,000 locations. you know, but we believe that customers today are looking for something a little different. they're looking for higher quality, fresher, made to order products, and habit fits squarely into that. liz: that looks so good, looking at a picture of it. i'm starving and i want that.
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how much does a burger cost? >> our burgers start at $2.95 through the escalating beef prices we haven't changed the price of our burger in over 3+ years. liz: how can you maintain that, though, costs certainly have gotten more expensive? though some commodities have come down, perhaps it's a balance? >> it's always a balance, and you know we do enjoy a broad menu, again, burgers are the core what we do, 60% of what we sell. by having a broad menu, we have a broad market basket of products, so we get to spread that over a various number of different commodities. but we've always been focused on the long-term, and been very cautious and sensitive about taking price increases. liz: russell, thanks for coming to new jersey. >> thanks for having us.
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liz: any time! two in new jersey, one now and one is going to open. russell bendele is habit burger ceo. good luck to you. >> thank you. dave: i think you need one of those right now. get you one after work. 3-d printing technology is changing the lives of many people who need prosthetics. it is used to change the life of man's best friend. that heart-warming story next. a busy week between dropping oil prices, the sony hack, u.s. and cuba restoring ties. the hot news to watch for next week. gerri: i'm gerri willis, on my show at the top of the hour, the u.s. promises to retaliate against north korea for the attack on sony pictures. we'll have the latest fallout. that's one of the big stories coming up on "the willis report" in just a few minutes. she inspires you. no question about that. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right.
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. dave: earlier today, "varney & co." talked to the ceo of 3-d systems using technology to help animals who need new limbs. you have to see this video. take a look. >> in the case of derby, started with scanning and digitizing his deformed limbs, sculpting it in our new clay tools, the free form tool that allows to you design as if you're sculpting in real life, and then printing for him in multimaterials a veryplexible and functional set of
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prosthetics that got him up and running immediately. that's the beauty of the new design and manufacturing 3-d printing tools. liz: that is amazing! wow! can you catch all of today's interviews on foxbusiness.com. dave: now, back to sony, we've been asking you if you agree about the president's stance with regard to sony staying was the fault of sony? duke says nope, what happened to freedom of speech and freedom of expression? liz: mike says no, but it would have been a dud anyway. are we confusing what the question is? dave: the question is essentially what about north korea and its association with sony? marco says this is an idle threat from north korea, we are talking about a child leader. george clooney is the only one in hollywood with guts. tend to agree with that. liz: it's time for the number one thing to watch next week. bring back forbes contributor carrie sheffield. number one thing to look at? >> number one thing is cuba.
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i want to see if the administration is going to extract confession from cuba. everybody is comparing this to china. china conceded a lot whether it was vietnam, proxy with the soviet union. there are a lot of things that china did that we don't see from cuba. dave: i covered cuba for 12 years for the "wall street journal." the number one difference is cubans are not allowed the same economic development that chinese are, the chinese have a communist system but the chinese people are allowed to practice capitalism, not so in cuba. not so at all. >> right, there is significant economic activity that occurs in cuba completely separate. dave: by the outsiders. >> and lines the pockets of the castros. im skeptical. liz: we had quite the rally, and as we watch, that we go into a holiday week. dave: interesting time, see if the rally continues or a slight
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pullup. carrie sheffield, thank you very much. liz: thank you very much. we are so glad you're with us, we'll be back monday. dave: we'll be back monday. shortened trading week, we have it covered for you. meanwhile "the willis report" is next. gerri: we begin with news that the federal government promises it will respond in kind to the hack of sony pictures. the fbi today officially blaming north korea for the hacking and president obama this afternoon saying sony made a mistake in pulling the movie "the interview." with more on this former white house chief information officer teresa peyton and ambassador john bolton, former ambassador to the u.n. and now senior fellow with the american enterprise institute. welcome to you both. i want to start with breaking news just moments ago crossing on the ap. staples announcing they had an exposure of customer data previously announced in october, but only now are we
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