tv After the Bell FOX Business February 3, 2015 4:00pm-5:01pm EST
4:00 pm
january. [closing bell ringing] david: there it is. the peltz are ringing on what is extraordinarily productive day for market traders. again it did start with oil. oil did come back a little pit. i guess it ended the day a little below 53. iting still at high levels for 2015. this is the highest level for the year. it ended the day up 6%. not just really energy stocks. across all all sectors. none gaining more than the russell 2000. small and mid-sized caps. liz: they didn't have dollar exposure. the dollar was down today. either way, we're here and up. "after the bell" starts right now. liz: let's break down today's action. chris rentzler from needham growth fund. he will tell us why he favors small caps. we have bob phillips from
4:01 pm
spectrum management. he is here with three picks you need to add to your portfolio. brian battle from performance trust. in the pits of the cme. great action, brian. talk about what really grabbed your attention. there was so much going on with oil jumping, dollar coming down, news out of greece and more. >> yeah, i don't know if this is a trend in all of these different things getting better or reversal of all the bad news we've had for the past three days of the we hit a 300 print on the dow. we'll not get to 2050 looks like on s&p but definitely a feeling some relief. i don't think we wipe our brow and know it is over but certainly reversal in a lot of different things. we'll have to watch headlines. there is relief started, remember, we're night when the greeks said we'll not default. we'll work it out. it's a lot of headlines. certainly market moves. a lot in sympathy and we're retracting some bad news we had in january. david: beware of greeks bearing gifts. i couldn't resist, guys.
4:02 pm
bob, disney is about to report. you own a little bit of disney. what are you looking for? >> actually i expect disney to pete on the revenue side, hopefully on the bottom line as well. i think strong employment and consumer confidence bodes well for them as a media company and for the parks certainly so i'm hoping for good things. liz: okay, you're hoping for good things but where do you fine them? you have an opportunity to pick -- hold on a second. we have chipolte, speaking of good things because we love the burrito bowls. adam. >> it is good for chipolte if you love burrito bowls. revenue right in line with connect takes. -- expectations. 1.07 approximately. revenue increased by the way over the same quarter last year 26.7%. liz, back to you. >> chipolte mexican group looking pretty interesting here. it es pretty even at the moment although the ask, david, is well below the actual last trade here
4:03 pm
of 726. the ask is 684. david: david: chris, this gets to retail sectors. a lot of stocks are into retail. you advocate small cap stocks now. why? >> we're certainly bullish on equities in general. we think small caps have a great runway here in 2015. they underperformed significantly, the larger cap companies last year but they have less exposure to fx. they have less exposure to foreign sales where the dollar, you know, impact will matter. david: would you include, would you include chipolte in that list? >> i don't think so. chipolte has a great growth story. it has a lot of domestic opportunity here. it has got tailwind of its ability to control costs and we think it's a great management team. it is certainly not a cheap stock so it is priced to perfection and subject to volatility on days like today. liz: bob, you're a believer in the consumer. you're also a believer that earnings may surprise to the
4:04 pm
upside. there are people looking and saying, earnings have been stalled out. hold on, sorry to interrupt you, bob. we have a little bit more with chipolte on adam. go ahead. >> the board of directors authorize additional $100 million to repurchase some of the stock. this is in addition to approximately 98 million they had available to could that already. liz: not helping the stock, david. something in there maybe isn't exciting people. bob, you are believer in consumer. some say earnings have stalled out this quarter. you doesn't think so. why? >> maybe this quarter, liz, but going forward six times since '86 where oil dropped by 35% or more in six months. what you usually find analysts spend a lot of time bringing earnings down mostly forking companies. you look out past bottoming of oil you usually buy pretty good things in other parts of the market for non-energy stocks. i think with extra spending consumers have we'll see earnings yoursurprises second
4:05 pm
and third quarter this year. david: brian, get back to oil and overall effect on market. i will ask the panel this question. might as well ask it of you. you're in the heart of things at cme. if it weren't for oil, oil had been flat, not gone down anymore, just been flat, would markets still rally today. >> it is hard to say. remember some of this rally we're getting, recovery of some selloff we had. oil is a story going on for six months. the thing about oil, lost half its value six months. that is a massive move. so the composition of the gdp that comes from oil is going into consumers pockets. looks like they're saving it. we'll have to see how it goes over the next couple months. if employment, if oil prices will lead to consumption which lead to gdp. that is a longer term trend. would i say no. i don't think we'll have the rally if we don't have the boost from oil that we're getting now. liz: okay. going back to chris now, you're into growth. let's get to names you really like right now.
4:06 pm
people who are watching are saying give me something new. give me names you really feel have legs for the rest of the year. >> we focus a lot on technology so we think there is some great value there. that area underperformed last year. so one company we really like is iivi, called two six. it is going through a recovery from some acquisitions it has been building in. the margin improvement story is quite substantial. liz: what do they do? tell people what they do. >> they're a specialty material and optical company based in pennsylvania. great management team. very focused on the shareholder and looking to raise margins which we think will be rewarded over next 18 months. david: bob, talking about margins, airlines are very successful getting out of all they could with their margins particularly with oil coming down. now that oil is going back up again, it's a significant rally over past few days, would you still be in favor of a company like delta? >> actually i would, david.
4:07 pm
because i don't think oil will keep moving higher back into the 60s, 70s, and 80s. if you look at geopolitical issues with saudis desire to hurt enemies, russians and iranians, most of all to keep market share, rest of opec will be putting more and more supply out there to keep their cash flow going. i think there is a cap on oil. i think airlines benefit and consumer confidence has been quite strong. so i think travel continues to build and delta should do well. liz: okay, delta should do well. let's talk about the overall picture, brian. you see, when you're on the floor and start to hear about greece making all kinds of noises that really helped european markets before our markets opened. arguably that helped buoy our numbers here. then you got s&p downgrading a whole bunch of european banks from credit suisse to hsbc. that worry you at all? in i kind of extended relation to any banks here? our financials are not doing
4:08 pm
that well. >> yeah, exactly. what you have to do is observe what european financial ministers say and pay very close attention what the german bankers say. this is a story about the european union. so it is old saying in banking, if you owe $1000 to the bank if you can't repay you have a problem. if you have you owe the bank one hundred million dollars you can't repay the banks have a big problem. greeks have a lot of days to leverage. they have 30 days in february. it will be a lot of back and forth. the guys that get bailed out in the ecb, that whole mechanism, all the sovereign debt was residing in the european banks. they have gotten a fresh of fresh air. -- breath of fresh air. david: it is a tough market to hold any kind of greek bonds. brian bat till, chris let's letter, bob phillips, great to have you here. oil rallying 50 bucks a barrel.
4:09 pm
posting the highest close of 2015. up nearly 20% just over the past three days. liz: yeah, but it had a massive lost of 60%. have oil prices finally bottomed? joining us by phone one of the top oil analysts on the street, fadel gheit. oppenheimer and company managing director. what do you make of the action today? you compare it with what happened yesterday which was a decent move. but today was it simply a short squeeze of people believing that oil was going down further. >> absolutely. it is not supported by market fundamentals of supply and demand. the world does not changeover night. actually started the rally on friday. in three days we feigned 20%. liz: you're saying there is more to the downside here for oil, fadel. >> absolutely. it will go up and down but i would say, upside potential in oil over the next year or so is still much higher than the downside risk. it doesn't rule out that we will revisit mid 40s, which could
4:10 pm
well be but i don't think oil prices below $50 would be sustainable or above 80 would be sustainable. people are saying because of the rig count drop significantly over the last few months, so that automatically will lead to a deterioration in our, in our shale production, which will benefit market supply and demand and therefore will push prices higher. i think more of a wishful thinking because i still believe that demand fundamentals are very weak and supply remains strong, even with the capital spending cuts. most of the companies that have reported are saying production will stay flat or increase this year and probably even next year. david: but fadel, what we're hearing, certainly what led to the spike in prices, was the fact that a lot of companies are capping their wells. at least for the moment. these are things that can be reversed pretty easily. but nevertheless isn't that what is causing the lack of supply
4:11 pm
right now? that is causing prices to go up? >> well, yeah and the market, the market in my view is oversupplied and will remain oversupplied until demand picks up. david: hold on a second, if i could, please forgive me, what about capping wells right now? they're trying to decrease supply, the mow domestic oil producers at any rate, by capping certain wells and the market at least for one, or two or three days, believes that they would be successful in doing that. >> but again, capping the well is not going to be forever. capping the well is going to be until oil prices reach a level where the producer will find that will be economical. now in the meanwhile companies are still reducing their cost structure and, and will be able to produce oil profitably at say, $50 oil. that was not, you know, possible only six months ago. so, we are in flux period that
4:12 pm
nobody really knows where oil prices are going to be six months from now or a year from now but all i can say is that this recovery is not going to be v-shaped. it hasn't been v-shaped because oil prices are in downtrend for six months or more than six months. very naive to think that oil prices will rebound anytime soon to 70 or $08. liz: let's say you're right. if i have a five-year minimum time horizon, should i be picking up some of these names. >> absolutely, absolutely. investment horizon two to three years this is time you buy oil stocks. you don't want to buy them at $90 because they would be fully priced. david: would you buy oil stocks specifically or companies that have heavy, that are heavily influenced by the price of oil like a halliburton or schlumberger? >> well, oil service stocks usually have higher beta than oil stocks. so if you go down the most when oil prices go down and you go up
4:13 pm
the most when oil prices go up. so i would say, the large, you know, oil service stocks will do very well. the small emt stocks will do very well. the company that will not do great are the large individual companies, because usually you don't suffer on the way down and you don't participate in the rally on the way up. david: good advice. fadel gheit from oppenheimer. always great to talk to you. thank you very much. >> how can you tell if oil really hit a bottom? how about asking the man who is regarded as the most successful long-term investor in american history who has billions in energy invests? we will, tomorrow, ask warren buffett. 3:00 p.m. eastern. don't miss my one hour exclusive interview with warren buffett. it is his first interview in his 50th year of running berkshire hathaway. fox business exclusive, asks not just about energy or entire railroad he bought, david to
4:14 pm
transport energy but does he see inflation coming? how about betting on any currencies? plus his sizable investment in coca-cola and moody's which is controversial. david: how much is the one hour lunch he charges for? liz: more than a million. david: more than a million. got it for free. liz: i like your thinking. david: 3:00 tomorrow. we'll be watching. we'll analyze it on "after the bell." we're awaiting earnings right now from consumer giant disney. had a 32% rally in the past year. do they have enough in the pipe line to keep the rally going? liz: big day for retail. you saw macy's on the lower third has better than expected 2014 full year numbers. how about office depot and staples? could they be on the merge of a massive deal. on the flipside, radioshack on the brink of bankruptcy. we'll discuss it with a former office depot chair around ceo. david: plus is oil or the rise of oil recently carrying the market on its shoulders? what would the market look like without oil's bounce? we'll talk about it with our
4:15 pm
4:16 pm
what the cloud enables is computing to empower cancer researchers. it used to take two weeks to sequence and analyze a genome; with the microsoft cloud we can analyze 100 per day. whatever i can do to help compute a cure for cancer, that's what i'd like to do. if aunder a microscope, put we can see all the bacteria that still exists. polident's unique micro clean formula works in just 3 minutes, killing 99.99% of odor causing bacteria. for a cleaner, fresher, brighter denture everyday. ♪ by 1914 the dodge brothers quit the ford motor company
4:17 pm
and set out on their own. they believed in more, than the assembly line. they believed driving was a holy endeavor. a hundred years later, the dodge brothers spirit lives on. tbut at t. rowe price,et is never clear. we can help guide your retirement savings. our experience is one reason 100% of our retirement funds beat their 10-year lipper averages. so wherever your long-term goals take you, we can help you feel confident. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. call us or your advisor. t. rowe price. invest with confidence.
4:18 pm
4:19 pm
okay. [ male announcer ] introducing xfinity my account. available on any device. >> disney stock trading up after earnings that beat on both lines. earnings per share 1.27. street expecting 1.0. revenue 13.39 billion. street expecting 12.8 billion. revenue increased first quarter. media networks up 11%. parks, resorts, up 9%. studio entertainment, no "frozen," keep in mind. down 2%. consumer products up roughly 22%. disney interactive was down 5%. liz, david. david: with us "wall street journal" reporter miriam got freed to tell us about these. you were shocked to hear about big numbers. >> big numb are you surprised not popping more after-hours? 2% gain. >> a lot of sentiment priced
4:20 pm
into disney. it has been strong and reliable over the past year. a lot of that was already reflected in the stock price but you know it is really shown itself once again to be kind of that stalwart media stock that will keep powering through all the doubt that exists in the sector right now. liz: okay, but you look at the sum of its parts and you've got all kinds of entertainment. you have got movie company, espn, cable networks. they have committed billions over at espn to things like college football. so they're putting their money to work. that shows confidence there. will it pay off? >> that is one of the big questions. they spent so much money on renewing all of their sports deals. so they need to make that money back through advertising. people are concerned about the weakness that we've seen broadly in tv advertising. can espn continue to, you know, charge the rates it has been charging and get, you know, enough revenue to make up the costs for what is has seen in the step ups for these accounts. david: not just about numbers. a lot of the guidance will be
4:21 pm
asking what the plans are for the company. a question about selling their channels individually over the internet as opposed to, is there likely to be any kind of guidance on that? >> i think disney, they might be asked a question about that. let's remember they just -- david: how important is that? >> they just did a deal with dish for its sling tv product. so espn is available on that. that was a big selling point for dish's product. that suggests to me disney is probably not going to be launching espn as a stand-alone service, at least not right now. but i think it can always hold that kind of in its back pocket as something it might be able to do later. >> ironically "frozen" that heated up merchandising sales which ended up being gigantic from that movie. we know wall street is all about what's ahead in the wind shield, not what is in the rear view mirror. "frozen" is rear view. you could argue that will be a sequel. "star wars" coming up what could that do. >> that is one thing disney done
4:22 pm
well from the studio business, it has gotten the franchise model down pat. they bought lucas film. they bought marvel. they bought these powerhouse franchises that allow you to tack on so many consumer products which drives huge upside and which a lot of other studios don't have. david: miriam got freed from "wall street journal." heard on the street. puts that together. thank you very much, miriam. president obama propose as 14% corporate tax on foreign profits in an effort to get multinational companies to bring their money back home. what impact will this have on u.s. businesses? will they go for it or keep their money overseas? we'll see date that with our panel ahead. liz: staples and office depot look toward a possible merger. we've seen this movie before and the movie was rejected by regulators years ago. we're bringing in steve odland, former office depot ceo, about whether this time this type of
4:23 pm
deal will go through. david: plus this is a tease, ladies and gentlemen. goldman sachs says one tech name could rally 25%. they have a pretty good track record, goldman sachs does, for picking winners. which one? we'll tell you coming up. ♪ at ally bank no branches equals great rates. it's a fact. kind of like shopping hungry equals overshopping.
4:26 pm
4:27 pm
it's not muted. was that you jason? it was geoffrey! it was jason. it could've been brenda. liz: this is interesting because they tried this once before. they're trying it again. staples and office depot reportedly in advanced talks to combine forces, a move that would be a big step towards consolidating the office supplies market. this on top of news that amazon and staples and office depot competitor may be making its biggest move yet into brick-and-mortar operations. but how? who better to discuss all of this, steve odland, former office depot chair and ceo and committee for economic development ceo. good to see you, steve. >> hi, liz.
4:28 pm
liz: when you heard this news they are possibly trying to merge once again, what was your first thought? again they tried this years ago and the regulators said no way? >> they tried it in 1997 when the world was entirely different. remember the latest commercial with katie couric and bryant gumbel saying, what is internet? that wasn't that long ago. the whole world changed. it was rejected by one vote back then. i think the whole world has changed and i think the merger makes a lot of sense. the whole industry have changed and the two of them together would have a very small percentage. retail is only small percentage of all of office products. walmart is huge. amazon is huge and there are hundreds of internet-only office product suppliers. every cities that their local delivery person. so this makes a lot of sense. the analysts say they can take over a billion dollars, maybe even as high as $2 billion in costs out of the combined operations which means they can more than double their operating earnings by putting it together.
4:29 pm
so it makes a lot of sense from all of those perspectives. liz: especially when you take amazon into account. a lot of people jump on amazon prime for a box of pens. there is more competition out there. so possibly there wouldn't be a lawsuit attached like you're saying like it was back in the '90s? >> remember office depot and officemax merged in 2013. liz: that was recently. >> that's very recent. the ftc looked at that and they said the world has changed and there is a lot more competition from different channels. you can't just think about it narrowly as the office supply store channel. so i think they are already on record saying the world has changed. by putting staples and office depot together you end up with one in this narrow segment but you still have this plethora of other options and, businesses buy all over the place. so i think, you know, the largest competitor here, you have to think about is, amazon on the internet and then walmart at retail.
4:30 pm
but every place you look, whether it is every drugstore, every convenience store, every grocery store. every mass merchant, club store, office supplies are available all over the place. liz: you know what is interesting, both of these stocks, office depot and staples have done killer jobs over the past year of the office depot up 56% over the past year. staples a gain of 33%. today alone i think office depot jumped 18, look at it 21%. i glanced at it earlier. it was 18. now it is 21%. people like potential for the deal. you bring in the competitor amazon. today there was interesting prediction with radioshack down to its knees and basically pink sheeted and going bankrupt you have all these stores from the hamptons to beforebeverly hills to edgewater, new jersey, where amazon could come in and scoop up some of them, maybe sprint could do the same and use them as retail operations and go see type of stores where they
4:31 pm
possibly could show products. what do you make of that potential. >> that is interesting. radioshack is proud company. it started as radio hobby it store and ubiquitous around the country. as things change, radio and technology changed but also internet came in and disintermeet eighted their business model. can buy anything at radioshack for less money and get it as much as fast. they weren't able. they got into cell phones. that solved their problem for a while. now they really have no place to turn. you have all this great real estate with very small box as they call it, a few thousand square feet sizes that fit perfectly with amazon type model. they have been experimenting with all sorts of things including drone delivery and so forth. they don't like the reliance on fedex and ups to deliver. so they're trying to find alternatives. i think this is similar to what fedex did when they bought kinko's which was a great copy business. fedex loves it from the drop-off
4:32 pm
and pick up point for their packages. amazon would like the drop off and pick up point for interaction with their customers as well. it makes sense for them. makes sense for sprint and a lot of the cellular companies too to pick up further real estate. i think that will be a real interesting situation. i'm afraid radioshack will be headed to be broken up for its real estate. liz: a lot of gold tipped cables up for sale. >> exactly. liz: thank you very much, steve odland. >> thanks, liz. liz: he is predicting, david, maybe what, maybe this deals goes through? david: there is another prediction we want to talk about which is goldman sachs, it has high expectations for linkedin, adding linkedin to their conviction buy list of the firm raised its price target from 250 bucks to 285, predict the tech stock could rally 25% over the next 12 months. goldman expects linked in will be conservative earnings report on thursday, they do believe sales navigator product along
4:33 pm
with improving mobile usage will lead to a big rally. if you believe in goldman sachs, want to get in on it now. liz: good for a 4% bump. david: it would be. oil rebounding above 50 bucks a barrel today to the highest level so far in 2015. so is oil responsible for the market's turnaround? what would happen if the oil rally losing its punch asfa delegate suggested it would? we'll be asking our panel coming up. liz: plus coca-cola coming out with a brand new product. they are betting consumers will pay twice as much for it. what is it? we've got the details next. ♪ you owned your car for four years. you named it brad. you loved brad. and then you totaled him. you two had been through everything together. two boyfriends. three jobs. you're like "nothing can replace brad!" then liberty mutual calls. and you break into your happy dance.
4:34 pm
if you sign up for better car replacement, we'll pay for a car that's a model year newer with 15,000 fewer miles than your old one. see car insurance in a whole new light. liberty mutual insurance. there's nothing more romantic than a spontaneous moment. so why pause to take a pill? and why stop what you're doing to find a bathroom? with cialis for daily use, you don't have to plan around either. it's the only daily tablet approved to treat erectile dysfunction so you can be ready anytime the moment is right. plus cialis treats the frustrating urinary symptoms of bph, like needing to go frequently, day or night. 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, or any symptoms of an allergic reaction,
4:35 pm
stop taking cialis and get medical help right away. why pause the moment? ask your doctor about cialis for daily use. for a free 30-tablet trial go to cialis.com "what is it that we can do that is impactful?" what the cloud enables is computing to empower cancer researchers. it used to take two weeks to sequence and analyze a genome; with the microsoft cloud we can analyze 100 per day. whatever i can do to help compute a cure for cancer, that's what i'd like to do.
4:37 pm
david: okay. well oil and the market going up in tandem over the past couple days. so would the market jump without the market, without the oil gains? let's bring in our panel. we have larry shover, sfg alternatives, chief investment officer. we have michael zania forbes media editor and our own adam shapiro. we had fadel gheit said it wouldn't continue its rise. it will settle a little when that happens will the market tank again? >> no, i don't think so. let's keep this in mind. oil jumped 8% on friday and stock market didn't care. i don't think they're in tandem. i do believe it is helping the cause of the stock market but surrounded by a lot more things
4:38 pm
with rates being up around the world. that's healthy. no worse than feared news out of greece and ukraine, good earnings coming out here in the u.s. just continually putting us in the comfortable range. i don't think oil prices spiking as much as they did today is causing the stock market rally. david: okay, so adam, does the oil price give the stock market any momentum from the upside or the downside? >> no. today was all that happened in greece. the greek minister met with the german minister and ecb in negotiations over debt restructuring. everybody seems it is okay to get back into stock. this will pass. david: greece, michael, greece is responsible for 300 points? >> i think what we're seeing we saw the president probows ad blowout budget. all increase in spending. i think what we're see something much of the last five years, the belief the fed will continue to print money, continue to keep interest rates really low and i think that's what's driving the bullish market. david: larry, doesn't that have
4:39 pm
something to do with it? >> it probably could. let's keep in mind what's causing more fuel to the fire is central bank capitulation. we saw surprise rate cut by australia last night. a lot of chatter coming out of the peoples bank of china. there's a lot going on, so, yeah i fear more -- more fear that the fed will blink is causing risk-on rally. david: president obama calling his new corporate tax a tax holiday. nice way to call a tax but a lot of his corporate friends are calling it highway robbery. a proposed 14% charge on foreign post profits brought back into the u.s. will cause corporations billions of dollars. will they bend to the president's will or put up fight? let's look at some companies would be paying. ge would pay $15.8 billion on repatriation tax. microsoft would pay
4:40 pm
10.3 billion. apple would say 7.6 billion. these are huge expense. >> the president's plan is wonderful if you want to stop the recovery right in its tracks. the rest of the developed world is moving toward territorial tax rates where with you you don't have double taxation. president obama wants to take us back to the dark ages. david: adam, i wonder if the corporations these folks are usually pretty friendly with the administration. will they put up a fight? have all their lobbyists stop isn't. >> not stop it. negotiate down. this is opening gesture. it will be maybe 7. david: you think they get some version of it in. >> yep. we've done it before. we've had tax amnesty before to repay treat money. they will do it, but contingent negotiating 19% he wants to tax. that has to come down. corporations don't want. david: larry, we had amnesty before. this is charge -- >> opening offer. never negotiate with your final offer. >> exactly, definitely is.
4:41 pm
and obama's message something great, it is comfort ago easy to pile on microsoft, apple and all the companies by the way using legal loopholes to defer active income while they're paying foreign taxes elsewhere. but that goes to show you once again the messaging needs to be clear. we need to simplify the corporate tax code so everybody does pay a fair share, if they're benefiting from our judicial system, our legal system, our infrastructure, et cetera. that need to happen. i would like to see corporate tax rates go down to half where they are today. david: i don't have a lot of -- for corporate guys. they have some deductions. they don't pay any or small margin. they always pass these things on to consumers. that is the bottom line. it cost the economy a lot. coming up the fcc looking to regulate the internet. so how will this shake up the industry and your portfolio? we have details on that. also the value of the new england patriots is on the rise and will likely keep going
4:42 pm
higher long after all the confetti from the victory parade is cleaned up. we'll explain coming up. liz? liz: david, imagine receiving a letter from a complete stranger informing you that you have inherited a house? how would you react? what kind of house? more on that story straight ahead. soda sales fizzle coca-cola getting ready to roll out a new, possibly healthier premium product but it will cost you. details next. ♪
4:43 pm
does your mouth often feel dry? multiple medications, a dry mouth can be a side effect of many medications. but it can also lead to tooth decay and bad breath. that's why there's biotene, available as an oral rinse, toothpaste, spray or gel. biotene can provide soothing relief and it helps keep your mouth healthy too. remember, while your medication is doing you good, a dry mouth isn't. biotene, for people who suffer from a dry mouth. ido what everybody else does. start a business. build yourself a website. welcome to t.o.'s humble pies. with wix.com ... let's party! ... we make it easy to create your own all-pro website ...
4:44 pm
... all by yourself. favre & carve! you did that yourself? don't look so surprised. wix.com. it's that easy. nobody's hurt,but there will you totstill be pain.new car. wix.com. it's that easy. it comes when your insurance company says they'll only pay three-quarters of what it takes to replace it. what are you supposed to do, drive three-quarters of a car? now if you had a liberty mutual new car replacement, you'd get your whole car back. i guess they don't want you driving around on three wheels. smart. new car replacement is just one of the features that come standard with a base liberty mutual policy. and for drivers with accident forgivness,rates won't go up due to your first accident. learn more by calling switch to liberty mutual and you can save up to $423. for a free quote today,call liberty mutual insurance at
4:46 pm
david: this is nothing to laugh about. fcc is trying once again to overrule state law in order to regulate the internet like a utility. now they say they wouldn't use all the new powers but should we believe them? we're back with larry shover, mike ozanian. adam shapiro. one of those powers would be price controls. they say they would not use it. should we believe them. >> you no, should never believe anything from the government if you're conservative or liberal. most americans whether it is right or wrong would applaud price controls. that is for other people to debate. david: mike what do you think? >> i think david, they want to turn internet companies, into public utilities essentially. they believe that as well.
4:47 pm
we've seen windstream, for example, take its network assets, sell it off as a reit, right, which will pay a lot of dividends. centurylink is doing same thing. terrible for consumer. much less choice. larry, that is the thing about price controls. i think adam's right. initially people like when prices keep going up. they like it when the government comes in with price controls. always what price controls do, it creates shortages, no matter what you put price controls on, that means less internet innovation. means eventually we'll be stuck with something that will look like the old-fashioned telephone. >> yeah, exactly. but you know what? look at consensus, look at stocks directly affected by it, comcast, verizon, at&t, level three communications. seems to me that it is prerogative that the government will come in, wheeler will adopt a light touch approach to all this, 19993. david: larry, larry, how many times have they started that way
4:48 pm
and always comes in heavy? they always start with a light touch, no matter what it is. >> yes. i maybe i'm very, incredibly naive but i look back to 1993, with cellular, look what happened to that. prices were driven down. they didn't dictate data back then, nor do they today. maybe i am very naive. the case of '93 was good for everybody. david: super bowl, 49 is all history. all the dust-up over "deflate-gate" mostly forgotten. was that all a waste of our time or does the story still have legs? mike, certainly hasn't affected value of new england. that is one of the best franchises in the world. >> i think it was waste of time. what people should focus on, the patriots are the model sports franchise of our time, david. what they have done with the four super bowls. how it elevated the value of brand. for instance, they're developing land near gillette stadium, called patriot place. year-round destination place,
4:49 pm
commercial, hotels, retail. i think it is the is best brand in the nfl right now. david: adam, at the end of all this, with "deflate-gate," all problems roger goodell had for the season do you think it will be forgotten because it was successful super bowl? >> yes. mr. good gel will be fine. we should point out mr. kraft build gillette stadium without public money. when is last time an owner wanted to do something without you or me footing bill? david: larry, that happens all too often. will the nfl continue to roll on as a great success story? >> seems like it will. they're doing a great job with the brand. people watch it on television more than seeing it in person, doesn't seem like what players does with injuries. you can't see that great job. trajectory continues to be higher. david: mike how much are the patriots worth now? >> 2.6 billion.
4:50 pm
david: 2.6. they could get that in a flash. >> it's going up, david, it's going up. david: mr. kraft is not selling. >> that privately financed stadium, he bought the deal because it was a cheap price even before he knew he would get rights to the land. that is how smart a businessman he is. david: adam shapiro, michael ozanian, larry shover. good stuff, appreciate it. liz. liz: i'm sure a lot of people were watching coke commercial or drinking coke during the game. coke is venturing into new market to help struggling sales. consumer giant getting into the milk business with a new product called fair life. it has more protein and less sugar than regular milk making more hopeful to consumers. consumers will see more of the milk in coming weeks. it costs twice as much as average milk. 52-ounce bottles are being sold for $4.59. speaking of coke, dade, it is centerpiece stock of warren
4:51 pm
buffett's 10$000 million stock portfolio of names that also include gm, wells fargo, american express, verisign, lots of other stocks. he has known and loved coke for 25 years. as coke underperforms and struggles, how deep and oil is buffett's love? i will ask him. how long will holed on or sell a little bit of foam off the top to buy things he might like better? maybe, maybe not. tomorrow in my one hour exclusive interview i will ask about that and other controversial stocks he owns like moody's. live with warren buffett. his first interview of 2015 in his 50th year of running berkshire. his predictions and more start at 3:00 p.m. eastern free here on fox business. david: i will like to hear what he says about coaling. coke getting into milk? liz: he is big deflation guy. david: i like deflation. i like it when prices go down. few children have a taste for fine wine there is an eight-year-old who inherited his
4:52 pm
father's winery. it has gone on to the become the world's youngest vineyard owner. "strange inheritances" jamie colby has more on that incredible story coming next. liz: larry shover, back with us to discuss the number one thing he is watching tomorrow. >> hi, everyone, i'm gerri willis. coming up on my show at the top of the hour, a family feud over robin williams's estate. we have advice on how to make sure your wishes are fulfilled. that is just one of the big stories coming up on "the willis report" in just awe a few minutes. startup-ny. it's working for new york state. already 55 companies are investing over $98 million dollars, and creating over 2100 jobs. from long island to all across upstate new york, more businesses are coming to new york.
4:53 pm
they are paying no property taxes, no corporate taxes, no sales taxes. and with over 300 locations, and 3.7 million square feet available, there's a place that's right for your business. see if startup-ny can work for you. go to startup.ny.gov. your daughter has a for her science project. and you could make it happen. right? wrong. because you're not you, you're a cancer hospital and your daughter... she's a team of leading researchers... and that brilliant idea is a breakthrough in patient treatment that could save thousands of lives. which means you need a diverse team of advisors helping you. from research data analytics all the way to transformation of clinical care. so you call pwc. the right people to get the extraordinary done.
4:54 pm
but for people with copd, the world is filled with air. sometimes breathing air can be difficult. if you have copd, ask your doctor about once-daily anoro ellipta. it helps people with copd breathe better for a full 24hours. anoro ellipta is the first fda-approved product containing two long-acting bronchodilators in one inhaler. anoro is not for asthma. anoro contains a type of medicine that increases risk of death in people with asthma. it is not known if this risk is increased in copd. anoro won't replace rescue inhalers for sudden copd symptoms and should not be used more than once a day.
4:55 pm
tell your doctor if you have a heart condition, or high blood pressure. tell your doctor if you have glaucoma, prostate or bladder problems, or problems passing urine as anoro may make these problems worse. call your doctor right away if you have worsened breathing, chest pain, swelling of your mouth or tongue, problems urinating or eye problems, including vision changes or eye pain while taking anoro. nothing can reverse copd. the world is filled with air, and anoro is helping people with copd breath air better. get your first prescription free at anoro.com.
4:56 pm
liz here is a good one, imagine owning a winery but you're too young to drink? or inheriting a million dollar home from someone you never met? that is some unusual and life-changing items passed down to unsuspecting heirs. david: we have all new version of the show. joining us jamie colby host of fox business's "strange inheritances." it takes us all over the country with some of the "strange inheritances" we ever heard of. i will like to hear -- >> we have to upgrade you to pino. an 8-year-old inherits winery still today not old enough to drink the wine but boy has he learned how to make it. his father died far too soon. always used to take him out into the vineyard to teach him about life and environment and teach him about the business of wine making.
4:57 pm
he died suddenly, his father. it was tough for him who you meet tonight in the episode and i had privilege of meeting in oregon where the winery is. president obama picks the wine as his first state dinner wine. and a story is made. the winery becomes extremely successful. they are the most incredible family. his aunt arrives, much in despair because she lost her brother, to fine a house full of people she has never met. the competitive wine makers in the willamette valley who helped harvest grapes that season so jimmy brook brooks wine will continue to be made. i went to 25 states, and met 26 families all with this kind of value. david: we have a clip from the show. let's play that. >> what did the other growers tell but the importance of jimmy's work continuing? >> he was blazing new trails and he they didn't want to see the
4:58 pm
brand go away. they all stepped up to offer to take his fruit and make the wine for free if i helped. >> one of the things you can do for someone who died is help their family take care of their unfinished business. jimmy told me, at least a handful of times, he didn't feel like he had much of a legacy for pascal beside his winery. >> you will enjoy meeting him. we have two actors may remember from their show from years gone by. they weren't successful with acting. someone was a fan. a man they never met in illinois. boy, they get surprise of a lifetime. that is second episode on the 9:00 p.m. on fox business network which clearly has the power to prosper. david: thanks for putting this on. >> privilege for me. guys. liz: jamie colby, catch "strange inheritance," 9:00 p.m. eastern here on fox business. david: time for the number one thing to watch. let's bring in larry shover.
4:59 pm
what is it tonight -- tomorrow? >> what a way to watch tomorrow. i'm watching liz and warren buffett tomorrow. it will be a great day. i'm up earlier than that, 4:00 and 5:00 we get service composite pmis, retail sales coming out of europe. let's keep in mind, europeans major stock markets are up about 8% on the year. will the momentum continue? a lot of this market rally has to do withdrawinggy but also we've seen flash pmis that were really, really good two weeks ago. european commission sentiment indicators are up. we had upward revision of spanish gdp for the fourth quarter. it might set the tone for tomorrow. i rook forward to watching liz. before that i will watch service composite pmis. david: thank you, larry. >> you're welcome. liz: he mentioned europe certainly. what will happen to the eurozone if greece can't do what it takes to stay in it?
5:00 pm
what happens to our stock markets and your money if europe starts to falter? will that hold off? what about mortgage rates? one oracle to answer, warren buffett 3:00 p.m. eastern storm. don't miss it, exclusive. gerri: hello, everybody, i'm gerri willis and this is the "willis report," the show where consumers are our business. the ugly fight over the fortune of robin williams. >> robin williams's children and wife are now headed to court in a fierce battle over the laid comedian's estate. gerri: his wife and kids feud over his money, property and all sorts of items, right down to the knickknacks he collected over the years. you made your voice her and turbotax was forced to take action. turbotax agreeing to refund customers who were forced to spend 50% more on software. turbotax says the date what you can upgrade your software for free. obama makes
135 Views
IN COLLECTIONS
FOX Business Television Archive Television Archive News Search ServiceUploaded by TV Archive on