tv After the Bell FOX Business December 26, 2014 4:00pm-5:01pm EST
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>> it hit $2.90 or under $3 for the first time in more than two years. david: they're trying to call it a santa claus rally, green arrows on the screen. the dow industrials trade up about 30 points. the nasdaq and the s&p up as well. and the russell 2000 into record territory today. russell 2000 hitting all-time highs. busy hour for you straight ahead. "after the bell" starts right now. and once again, i know you're getting tired of hearing, this a new record for the dow and the s&p today. even though we ended up only 25 points to the plus side. that is a record. into today's action. we have michael ball who says now is the time to buy into the energy sector. he thinks it's been beaten down enough to get bargains.
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why joe bell telling us why consumers are best bet right now. lauren simonetti at the new york stock exchange and scott, when i heard it was you, i knew christmas wish was answered. thank you for joining us today. we usually don't get you at 4:00 p.m. eastern. the economy, the big question for 2013, scott, is whether the economy is going to equal the performance of the stock markets. what do you think? >> well, i think that we've got a couple of head fakes here. a decent gdp number, if you pull over and take a look under the hood, the gdp number wasn't as good as we thought it was. and the jobs report makes people feel better. the rate hike talk is almost a near certainty between political and july. i don't think we're going to raise rates next year as much as i would like to, believe me, i think the economy is not doing that well, and we're in the 2 1/2 to 3% range as far as growth and bumps along the way.
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the thing that helps the stocks is the bank of japan, pboc as well as. ecb, they're easing all next year, and that's going to give us a single digit list for the third year. david: even with scott's gloom and doom broadcast of what the economy is doing, joe bell, retailers say they're doing extremely well right now, and i notice that target and tiffany are two of your picks. why? >> exactly right. when you look at consumer discretionary in tiffany's in particular. a lot of the stocks over the past year and a half grinded sideways, pent-up demand. recent breakout in the etf's, upsave for the sector overall. specifically target, 20 analysts covering the stock, break out to new highs, 6 of the analysts recommend buying it. there's a lot of upgrade potential and option
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speculators targeting both of the names. overwhelmingly, a lot of pessimism towards the outperformers and translates to potential buying power overall. david: the optimistic retail numbers that we've gotten the past couple of weeks, there is some still gloom -- i wouldn't call it gloom and doom, a slow growth for 2015 attitude. the stuff that scott was talking about. where do you stand in terms of the overall growth of the economy? >> well, the u.s. has at least been the bright spot globally. when we look outside the u.s. week see that we have china slowing. we've had japan move back into recession, and you've got europe having a difficult time getting much above roughly a 1% growth rate. not a lot of room for unexpected surprises and there is hope that the u.s. could pull the rest of the world along here. david: lauren, are traders are
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a little cautious right now? seems the huge jumps are not happening towards the end of the year? >> volume is incredibly light right now. in new york, 4.5 million shares changed hands today. that was anemic to say the least. the year's gains might have been had. see what happens in january, where we're going to put our money then? early this morning the first interview i did, david, we were talking about china and steven guilgoyle said 7%, we envy. that i would say that's a great thing. he said no, that's not going to last in the fourth quarter and certainly not next year there. does seem to be a bearishness and not a confidence in the economy. david: scott, we have the good retail numbers, are they just anomaly? >> retail sales is one thing, retail profits is another thing. we talk about what they sold things for but not what the
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retailers made. those are the big differences. we can talk about how much things were flying off the shelf. we've been doing the volume, but for not a lot of margin. that's one of the big problems that goes unspoken. david: joe, what about the financial sector? we're about to get a rate hike, we don't know precisely when or how much. chance is it's going to be in small increments. shoe that going to shake out the financial sector? >> what will increased rate do to the sectors. the financials is one where if you enter a rising rates environment, perhaps that could help propel their profits with higher profit margins. i think most people are expecting the rate hike not to occur until late 2015 after yellen's words of the fed remaining very patient. obviously, it's going to continue to be data depend, the financials, whether we get a rate hike in late 2015. even if it's not 2016.
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the price action and overall sentiments, like the financials overall. david: michael, though you are cautious about things, you recommend vanguard technology etf, why? >> technology is one of the areas that's becoming increasingly less sensitive to the economic ups and downs that we have going on. despite slow growth on a global basis, it is something that can continue to hold up its growth and earnings momentum better than most other segments that we see in the market if we run across unexpected surprises in 2015. david: scott, we're about to get peter's take on oil and gold action. i want yours, what do you think about the oil sector? today down significantly. does it continue to go down into 2015? >> yes, it does, that's another one of my big worries that will portend deflationary measures which the fed doesn't want. the other thing is one sixth to
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one authority of the s&p 500 have oil component as far as revenues go. that is not good either. i say the consumer will be less in debt because of low oil prices at the gas tank, rather than they spend the money. less in debt, and i think it could hurt the companies. oil is going to go to $40. david: lauren, i talk to a lot of people about deflation versus inflation, they don't care about deflation, they worry about prices going up. they worry about having less money to buy things. is it outside of the federal reserve and economist circles, do you think deflation is that much of a worry? >> if you talk to main street, david, feels like the cost of living is going up. most people say their wages, if they're going up, it's a little bit. it's not comparable to rent and other things, and until recently, gas prices were high. we're just starting to see the effect of cheap gas. i think personally if cheap gas stays and this is the narrative
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for 2013. this could be great for the economy and the shopper and consumer. david: lauren simonetti, great to see you, michael, joe, and scott, see you in a couple minutes when the s&p futures close. oil prices as we mentioned continue to drop today. prices are down 45% for the year. consumers are using the extra cash to shop, but also to save, but could the negative impact this is having on the energy sector outweigh the positives? could it put our economy at risk. peter schiff thinks so, he joins us now. peter, overall, i understand there are risks with the economy and the oil patch, et cetera, don't the benefits of cheaper oil outweigh the negatives? >> long-term of course, it's always a good thing, contrary to what the central bankers and the economists are telling us, it's always a good thing when consumer prices fall. if janet yellen acknowledged the benefit of lower gas prices, the same thing applies
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to all prices. here's the problem, david, if it turns out that we had a bubble in the energy sector. if the fed really does raise interest rates, and i don't think they're going to, but if they do, and the oil price stays at these levels or goes lower, previous guest mentioned maybe $40. all of the oil activity in the oil sector is going to turn out to be a bubble, and the layoffs that we get in the short run, and the credit losses and capex spending declines will be significant enough in the short run to push the u.s. economy back into recession. i think it's a bigger impact than the bursting of the dot com bubble, that brought us into recession in 2001. david: you mentioned the dot com bubble was a stock phenomenon, there weren't a the love the dot-com companies that had debt. unlike the oil and gas companies have gone into debt. they've issued a lot of debt in order to drill for their wells?
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>> and also hired a lot of people. most of the good jobs that have been created were created in that sector. and so these jobs are now at risk. and i think this is somewhere between the dot com bubble and the housing bubble. bigger than dot com, smaller than housing, they were positive effects of falling home prices, it made it cheaper to buy houses but a lot of debt accumulated and layoffs in the sector. we're looking at the same possibilities in the oil sector, but here's a bigger question to ponder. if it turns out that oil was just the bubble created by cheap money, what about the stock market? what about the housing market? what about the bond market? what if they're all bubbles? what if the oil bubble is the first of many bubbles that are going to pop. we have much bigger problems there. david: we could do the what-ifs for a long time. you question whether oil prices are supply and demand. i want to put out a figure
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here. opec came out for new forecasts for 2015. they produce 30.5 million barrels a day, more than 1.6 million barrels than they sell. in other words, there's a surplus every day of 1.6 million barrels. isn't that why there's a glut of oil in the market? >> well, i think the bigger problem is where is the global demand? i think if the demand is contracting, it's because the economies are slowing down, and i think this is going to include the united states -- david: hold on a second. hold on. they are producing more oil. i gave you the 3.5 million barrels per day they are now producing. that's more oil than they used to produce, despite the fact that there may be a cut in demand. >> no, the demand is not growing as fast as it should be, given the nature of the global economy. david: right, but my point peter is they are trying to drive down demand to hurt oil fracking in the united states.
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they're trying to hurt the russians, who are moving in on their territory. there are a lot of reasons, also trying to get the iranian, why the saudis are producing more oil than was needed. they wanted to drive down the price. >> well, perhaps, but in the short run, they certainly are affected substantially because they drive a lot of revenue from oil. but if they have some kind of plan to try to drive down production abroad so they can ramp the price back up and have less competition, you have to take the conversation up with the saudis. but one of the countries that's certainly going to be impacted, and that's my point, is the united states. look, if i were bullish, i would be worried about the economy being derailed by a collapse in the oil sector. that is the brightest spot in the u.s. economy. if we extinguish that light, what is going take its place? where are we going to get the
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high-paying jobs to replace the jobs in the oil sector? david: some people say the fracking technology has improved so much, they can make money even if oil did go down to $40 a barrel. >> they can't. david. they can't. there are some wells that have been drilled that will be able to be sustained at that price. but there is going to be no new drilling, no new capex at that price. i've been involved in the fracking industry myself. i invested money in north dakota, we're in texas, and i can tell you that -- >> whoops! he could tell us a lot of things week need a satellite to do that. peter schiff, thank you for joining us. could the impact of oil in the energy sector affect us. sent us a tweet or e-mail, answers coming up. americans were in a
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spending mood with holiday sales growth expected to be the best in three years. what trends will we see in 2015? and are there any retailers who may have to shut doors for good in 2015? plus will the economy play catch-up to the markets in 2015? could the new congress mean the start of a small business resurgence. a real renaissance? and have we learned anything from the sony attack or was the only lesson is how defenseless we are. that and a lot 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
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. david: the s&p futures closing just a minute ago. scott, what does it look heading into the weekend? >> obviously, today a very quiet day, and it's hard to be short a market like this. old traders say don't get short a quiet market and probably going to continue next week. and see how the oil market is going to shake up the equities into 2015. that's the big thing. watch what oil does. watch what janet yellen does. ultimately all next year, she's stuck between a rock and a hard place. emergency level lows and she's
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going to have a hard time raising them. interesting to see how she wiggles off the hook and see the economy grow to catch up to where the stock prices are behind me. david: i can hear your voice echo. good to see you. >> you two. david: americans hit the malls in droves. sales growth up 4.1%, the strongest growth in over three years. who were the winners and losers? brian kelly, founder and president of brian brands. thank you for coming in. all kinds of records broken or multiyear records. we have a lot of statistics for. that one that stand now thes my mind, by the way, is mastercard said retail sales rose 5.5% from black friday through christmas eve. which of these stats stands out as most significant to you? >> hi, david, and happy boxing
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day. i think the most exciting thing about the period is the winner has been the consumer. technology has really become available to all consumers, especially through smartphones and mobile that we now see the consumer being the real beneficiary, that's driving the business, and it's interesting because while traffic in stores is down, conversion in stores is way up, she comes in equipped, knows what she wants, knows what's in the store and getting it the the right price. >> the combination of brick and motorar and mobile devices never better than now. what's happening with apple pay? are we a little too early into the use of apple pay to get a sense whether it's working or not? >> for those using it, they like it. it's a big hit for those people with apple phones as well as retailers with near field communications at point of sale. you know there's a consortium that's working on alternative to apple pay, so i think it's a
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little early but we'll see that come home in 2015. david: then we have the online sales and funny because a lot of brick and mortars are more modern with mobile device system than the online companies. amazon prime apparently has a good development of membership. they had 10 million new amazon prime members. did that translate into sales? >> absolutely. amazon prime is really, i think the retailer of choice for that busy woman with a large family who has maybe a little more money than time it. makes life so much simpler for her, and i think also a big winner has really been the logistics companies, the delivery companies. ups, fedex, usps stepped up game and made sure the delivery was on-time. david: we have a foreigner in our midst, alibaba going to try to take shares from amazon and
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their stock. their prices have been fluctuating over the past week or two. how successful do you think they will be in entering our market? >> i think the hard thing is going to be for pure play to remain effective going forward. between online pure play and brick and mortar pure plays, you are seeing this holiday season the need for finding place in the middle ground. brick and mortar spaces as well as easy and frictionless shopping through an e-commerce channel. look at the way amazon has announced they're going to be on 34th street. and at the same time to your earlier point, look at the way retailers at the low end and high end from nordstrom and neiman marcus and walmart and target have reinvested in online ability. david: we have five seconds, do you think alibaba could win if
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it takes on amazon dead ahead? >> i don't think so, i think amazon is an entrenched brand in the united states, alibaba would have to do something amazing. >> brian kelly, brian brands founder and president, thank you. >> good to see you. david: could rising oil prices be the skunk at the garden party, plus hollywood's underbelly was exposed by the sony hack. does hollywood have a big pr problem on its hands or will the public ignore it? when it comes to value, one iconic car ranked dead last in the latest consumer report rankings. which one? we'll tell you coming up. so i can reach ally bank 24/7, but there are no branches?
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so ally bank really has no hidden fethat's right. accounts? it's just that i'm worried about you know "hidden things..." ok, why's that? no hidden fees, from the bank where no branches equals great rates. . david: markets outperforming once again with the dow, the s&p and the russell 2000 closing at all-time highs and the major indices on track to see double-digit gains again for the year. can the markets catch up?
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rich carlguard chief options strategist alan duckman. alan, the markets clearly have been seeing something about the economy that a lot of people don't see, do you? >> markets are always forward looking and you see the news catch up to where we are as far as momentum goes. we still have not made new highs in the nasdaq, that can project another 5% run back to the old highs. i'm not one to pick a top in the market, look for things to continue. to be the catalyst, it's all about earnings, the rest of it is noise. david: rich, the economy itself, i'm thinking that with the changes in the election, we now have a republican senate, republican house. they're going to try to put as many measures before the president that would lower the cost for production. won't that mean the economy
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will grow more? >> yes, it will, david. i think if we get meaningful tax simplification and regulatory reform or defunding, some of the insane regulations costing growth. we're going to keep the momentum for growth. i'm bullish about the economy because from the five years, 5 1/2 years after the bottoming in march 2009, you know, the economy has not snapped back the way it usually does after a recession. david: right. >> there's a lot of pent-up growth that we're beginning to see and makes me feel like we're just beginning to see solid 3 and 4% growth per year going forward. david: tracy, is now the time? >> i agree with rich 100%. it's about regulations and taxes on the little guy, but i don't see that going anywhere, david. i can't imagine they're going to pass anything over the next two years. david: they have republicans in the house and the senate, and clearly put it on the president's desk, even if he
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vetoes 80% of it, 20% will mean it's cheaper to do business. >> a little is better than nothing, then yes that will help the economy and get people out there and change sentiment. david: we're all optimistic. could rising oil prices be the skunk at the garden party of growth and have they kicked the wind out of the sails of fracking prices. rich, you are from north dakota yourself. what's happened to fracking? has it been killed, delivered a death blow by the lower prices? >> not at all. somewhere around $60 a barrel where we are roughly now. people aren't going to do new exploration in new wells. once you got the well drilled, the profit price is significantly lower than $60 a barrel. maybe a 20 or $30 a barrel. they're going to continue to get pumped. yeah, i think oil prices will go up. i don't see much beyond $70 a
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barrel in 2015. david: is that enough, tracy, to derail the growth we've had? >> i don't think so, i don't think it's that much at the end of the day. i think it took a long time to feel the cut in gas prices. it's going take a longer time to feel it go back up a little bit. airline prices haven't changed one iota, most things haven't changed with the lower oil prices. >> alan, what are the futures telling you at the cme? >> looking at the futures, perilously close to the low of the range. trading between 49 and 59. down a dollar with the reaction. it will be interesting to see how it reacts with the low of 54. look at things on a weekly basis, don't worry about the day to day volatility. that's my focus to see when crude oil takes out that low. david: rich, you straddle the hump between the middle america north dakota where you're from
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and silicon valley where you live now. hasn't the fracking industry come so nar finding cheaper ways to drill? >> it really has, it's been the upside surprise in the economy over the last 20 years. and nobody in silicon valley, which is fixated with green technology and tesla automobiles and nobody in washington, d.c. saw it coming. david: yeah, that's right. it was a wonderful surprise. thank you, gang. tell us what you think. could the negative impact of low oil on the energy sector outweigh the positives. send a message on facebook or tweet us at fbatb. sony may be on track following the release of "the interview" in 300 theaters. but have we learned anything from that attack? or remind us how defenseless we are when it comes to the hack attacks from overseas? the classic arcade game of pin ball making a big comeback. there were over 1600 competitions played worldwide. did you know that? what is behind the comeback?
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anticipation of another hack attack, this will happen, david. we are unprepared. our grid can't handle it. we are so behind the 8 ball as far as hacking goes in the country. david: rich, you are right there in silicon valley. can't the silicon valley types help brethren south of where they are in hollywood? >> well, david, they have want to to be helped from what i know. sony had pretty mediocre security, and nothing will stop the truly brilliant hacker. and what really worries me, i think the pearl harbor day is when we're going to wake up and find our schwab accounts drained. i hope we don't have to get to that point before we wake up. david: that leads me to another question which is the relationship between the government and businesses, if there are more of the hack attacks. remember, the president said he wished that sony executives talked to him about it? i'm kind of worried about the government getting involved and making decisions about first
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amendment issues. aren't you? >> right, we are all going agree that the companies need to make the decisions themselves. we're always going to be one step behind as far as technology goes and those hackers are going to be ahead of the game. think about it in monetary terms. we've had big issues this year, if you go back to target, that didn't cost anybody any money. if you had a charge show up on your account, you call your bank and they credit it back. look at the price action, it comes back to price action. if you look at mastercard, visa, chase bank, they have not suffered one iota from concerns about cybersecurity. david: okay, let's talk about the other big issues that involved us all in this year, development of isis, of course, in the middle east. the spread of ebola. these groundbreaking elections we had in 2014. a very busy year. what was the most significant story in your eyes? first to you, alan? >> i would say the lack of optimism. people don't believe. that is disturbing.
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the market doesn't care what our opinions are, the track, the trends, there is issues to worry about, we overcame every single hurtle for five years and every measure is positive and getting more positive into the future. it costs you nothing to believe and everything not to. david: interesting point. there's an old impression, fool me once, shame you on, fool me twice, shame on me. that's what happened. people saw what happened in past economic boons. >> you're fighting the last battle, yes, you're fighting the last battle yes. that was 2007, 2008, 2009. things are different now and look at earnings and p/e ratios, things are solid. >> i hope you're right. tracy, a lot of issues, what do you think was the most snoernt. >> hacking. i think between the banks and target and sony, we are not taking it seriously, god forbid we wake up and bank account is
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drained. we are behind the 8 ball on this. everyone, corporations and the white house need to take action. david: don't you think after sony we are taking it more seriously. >> that will be yet to be seen if people amp up cyberterrorism departments in corporations. david: rich, what do you think? >> i think we touched on it. i think oil's decline over the year, on any given day it wasn't a huge story. look at the sweep of the last six months, this is a game changer and a net positive for the united states, and look at it. all of our enemies are suffering because of this. this is a good thing. david: i think it was the elections. i'll though that out, there the elections of 2014 were historically significant. they showed such a tremendous point of view on the part of the electorate. people said we're asleep, rich. don't you think that was one of the most important things? >> yeah, if you're looking for analogy. you look for 1994. remember, we had the recession of 1990 and as late as 1994,
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the year the republicans swept the house, people didn't believe in the recovery. if you want use that as your historical example. we've got good years ahead. >> david, to alan's point and the lack of optimism. it was a buzz kill. they won, but are they going to do anything? i don't think they have the belief they can change regulations and taxes for small businesses, they are tapped out. david: thank you very much all of you, terrific panel. the hacking of "the interview" exposed e-mails that showed the underbelly of hollywood. does it have a big pr problem, and what will it take to fix it? plus consumer reports crunching the numbers in releasing list of the best, worst and value cars for 2015. we have the details next. and looking for a bargain when it comes to investing? breaking down the cheapest stocks in the dow straight ahead. how (vo) rush hour around here
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starts at 6:30 a.m. - on the nose. but for me, it starts with the opening bell. and the rush i get, lasts way more than an hour. (announcer) at scottrade, we share your passion for trading. that's why we've built powerful technology to alert you to your next opportunity. because at scottrade, our passion is to power yours. 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. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medicines,
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and worst values. the top pick for a sports car, convertible is the mx 5 miata. the top prize went to the subaru forrester premium and the overall spot among all new cars to the toyota camry hybrid. but here is a crown you do not want to win. the car with the worst car value among any model was the jeep wrangler unlimited. i guess because it tips over so much. sony's once self-banished film "the interview" playing in over 300 theaters nationwide, streaming online as well. first time a movie of this size is released digitally. could the silver lining outweigh the bad pr sony received since the hacking began. joining us is lee hackins, "wall street journal" celebrity business reporter. lee, good to see you.
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>> good to see you. >> no delusions about hollywood being nice and rosy. boy, first starting with the e-mails, showing how much back stabbing there was, some of it had racial overtones to, it then the lack of backbone on the part of hollywood does. hollywood have a pr problem it has to address? >> they certainly do, and can you expect to see sony try to do whatever crisis management that they need to do to handle this issue. they made that decision to put this movie out online for $5.99 download over premium streaming services, it's an unprecedented move and part of the story because they had 80 million dollars of overhead that they need to clear. so that would be like 13 million downloads they need actually have. it was the first time that the movie studios reacted favorably to the idea of putting out a movie legally at the same time. david: we'll talk more about
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that. i don't want to leave the pr problem so quickly. one of the problems was george clooney sending out a letter he wanted people to sign, we'll just read a portion of the letter, i'm sure a lot of folks had seen it, from george clooney. we know that to give into the criminals, the hackers would open the door for any group that we hope these hackers are brought to justice, but until they are, we will not stand in fear. brave, passionate, he could not get one person to sign that simple letter, neither an executive or hollywood movie star. that shows you how craven these people are? >> you know, george clooney has been outspoken in the past, and we talked about this on the show. gone against the hedge funds critical of sony. he stands alone, that's a bold and audacious move he's made, and i'm not surprised that it was -- he couldn't get support,
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he's actually stepping out. >> i think he's the clear, if there's any winner it's for the moment it's him. the question of whether sony eventually will be the winner, is it conceivable that putting it out, getting all these online buys at $5.99 a pop, and people are going to the theaters to see the movie, will they make up what the movie cost? >> i think they have a strong likelihood of doing. that just such a sudden reversal from where they were before, but they had all of this publicity around the movie, and a lot of people that are going to watch the movie because free speech activists. other people doll it because they want to say they saw the movie, and the younger consumers are already viewing movies in this way. so what better way to test this model? this is a guinea pig for the industry. this is a bit of an anomaly because of the hype of the north korea thing.
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we'll see. david: you have to be careful what you wish for, if they get too many downloads people won't go to the theaters at all. is it conceivable this might hurt the concept of a movie theater? lee, you can hear me? >> yeah, i can hear you now. david: is it possible that too many downloads will hurt the movie theaters? >> well, there's a real concern in the industry, and historically, the traditional movie studios have been very afraid of that. but you know what, david, it's inevitable. streaming is here, not only just for films but also for music, and we're going toy. >> 2015, -- going to see in 2015, a compensation model for streaming. right now in the music industry, artist gets $60s per stream. that's not a lot for the
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artist. the profit model is investigated and tested and we're going to have to see if the movie studios can figure out a way to monetize this and have it be profitable for themselves. david: final question, and this is going to take speculation on your part. we know how hollywood, how badly hollywood behaved when hacked by north koreans. what happens if they're hacked by someone who is a more immediate threat to our lives and safety like isis. for example, a film that portrays what isis is doing in the middle east that really takes aim at islamic terrorism. if they are -- if there's any film like that that's in the works that is scheduled to come out. i have to imagine that somebody in the isis community might try to do the same thing the north koreans did? >> maybe that will be integrated into the business decisions of what they're going to green light and what they won't green light because of this precedent that we've seen. anything is possible, david. i think that business people
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are going to have to make that call. we're going to have to make that call in 2015 and fee is it's worth putting out a movie with that story line. david: that would be an awful development if the artistic desires of folks to put out stuff that portrays what's going on in the world has stopped as a result of this cyberterrorism. >> and the world is watching. so they've already seen the way that north korea has been able to get an impact and to impact the outcome here. you raise a valid point. david: got to leave it at that. "wall street journal" celebrity business reporter lee hawkins. thank you very much. happy new year. a classic bowling alley making an impact across the globe. pinball. what is boosting the game's popularity? and next week, may be a short week for you.
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ratio of 10.5 making benefits from commercial loan growth than the cheapest stock of the dow is i am trading at a peak of 9.6 and is down 13% the low-tech game of pinball is making a huge comeback. >> currently is $70 billion industry back in the '80s and '90s everyone thought that the end of video dead-end pinball was just the game around the world at bowling alleys but now it is gaining popularity. pinball is back. consumed with the banking and clinging it is the best.
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it is great. they are addicted to the games of the '70s one stock for every place by video games, the pinball is booming again. to world organizations and pinball battles broadcast live on the internet. >> at nearly play it every day. >> 16 year-old is florida's raining pinball champion. the year before he was the number one. they have so many machines at home, a 16, there's barely room for their trophies. >> definitely all the lights and sounds when you get the jackpot. that is always great everybody knows you we're doing well. >> go of the physics, the actual interaction, i feel i am controlling the ball.
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>> one of the most popular games is this one though walking dead. the machine sells $5,000 a pop. but they are collectors' items. not too long ago these to be the ads and destroyed. times have changed now is more popular than it has been in years period nothing better than the feel. the number one thing to watch? we bring back allen. it has to be loyal. just below 54. how the market reacts and how will reacts on a weekly basis. but the goal cannot make new lows. we will see of oil can do that and how the market responds. >> how low can it go?
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>> the contest the 50 level at&t would never once but on a weekly basis and will have a hard time being below 50. >> happy new year have of a great weekend. "the willis report" is next. gerri: i am gerri wollastonite is a special edition of "the willis report" as hispanics our giving advice on the confusing topic of retirement. talk about the classic 4% and if it should be changed. ways to double the next day but a person has been a record year for stocks hitting new highs. but how high can they go before the next direction and how should small investors handle their portfolios? recently i spoke with the founder of the of vanguard group and bother of index funds for his stake. >> don't take for granted it will continue.
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