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tv   After the Bell  FOX Business  February 24, 2015 4:00pm-5:01pm EST

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alibaba at 2015 low. [closing bell ringing]. >> right, about 30% off its november highs. liz: here go the bells on wall street. again records smearing the tape. we have dow jones industrials record. s&p, all-time high record. i believe staying with the russell 2000. the nasdaq clocking its 10th straight move to the upside. this is a big day for your money, if you stayed in stocks. why? janet yellen playing the tape here. david: listen to stocks hitting record high. autozone, home depot, darden, monster beverage, united health, aetna, the list goes on and on. all these are at record highs. liz: "after the bell" starts right now, don't move. david: today's action. we have larry rosenthal from rosenthal wealth management. he will tell us to boost
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profitability. he sighs buy europe. why is now is the time to jump in. larry shover, from sfg alternatives in the pits of cme. larry shover, let me start with you, do traders have any doubts? a lot of this, the word greece and europeans came to some kind of a decision here, did traders have any doubt despite the euphoria over today's decision greece will be right back in the hopper two or three months from now? >> you know, yeah. traders right now are viewing it that wow, the coast is clear, breezes in the backburn -- greece is in the backburner for four months. so we have four months to worry about it. that is what markets tend to do. it is a risk and real risk we should be concerned about, but not front and center. so today, the coast is clear with regards to everything. ukraine, greece, yellen off the map right now. also earnings, by and large over. so rally to new high. david: rally ho.
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>> from larry shover to larry rosenthal. you're bullish. you said look out for something we didn't have today, volatility. what should be driving that and should we embrace it? >> thanks for having me back again, liz and dave. as the economy continues to expand it will raise asset prices but inevitably there will be pieces of economic data that come out from time to time that will present a little bit of volatility along the path. the economy is in expansion mode. that's why we're overall bullish. david: david, you are bullish about europe. i want to talk to you a little bit about that. robert reuben, former treasury secretary, came out with an editorial talking about europe and euphoria about european central bank printing more cash an euros. he said the following what that means for europe in general. ecb, european central bank policy, is likely to be limited and certainly not sufficient, and i repeat, not sufficient to revive the eurozone. he is pretty smart guy, david.
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>> he is. he would say that anytime, that country or a set of countries has raised qe and printed money that are stock market has gone up. we're not saying the economies are fixed. we're not saying it will make a structural difference -- david: does that mean it is bubble if the economy is not fixed and they're printing more money isn't that the definition after bubble? >> would you say our economy was a bubble four years ago when we started printing money? it is going to happen. anytime they printed money whether in the u.s. or japan, stock prices in those countries went up. liz: back to larry shover, protect us, all right? how do we participate in exactly what david talked about. the fact that we see stocks move up when central banks get involved. by the same token, there is always that opportunity, that danger of tripping. how do you protect? is there puts and calls, tell people that have never done that before what she should be doing?
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>> i would stay away right now. i would find volatility etf that replicates the vix. as we know the vix is down almost 30% on the year. if that is part of your portfolio, actually it's a good thing, because the market rallied so much. now the vix at a year-low, down 6% today, a perfect way to enjoy the stock market return but lower your portfolio volatility. liz: hold on a second. dreamworks animation numbers and cheryl casone has them. >> want to break this down real quick. earnings per share was a loss. estimate of $3.01. came in at loss of 3.08. more of a loss than analyst were expecting. revenue, came in 234.2 million. if you break out and adjust some numbers, what really matters here they had operating losses actually very substantial. remember this is a company, liz and dave, has not had a major hit since "shrek." that reflected 500 job cuts by end of the year.
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stock trading up in after-hours trading. now it is flat in after-hours trading. analysts getting pretty much what they expected on dreamworks. the stock is down 10% over last three months. dreamworks, major losses at company. david: major losses in their movies as you mentioned. real bomb, penguins "penguins of madagascar" really flopped. did not help the losses other earnings. larry rosenthal, another stock made news today, home depot. made news for the opposite reason. really good numbers. up 4%. you recommend it but isn't it too pricey right now? we're looking five years highs that are through the roof. >> we are, but it keeps on, as long as earnings continue to rise the price will remain relatively attractive. when you look at the economic expansion boeing on all over the place with good housing mixed housing, et cetera, et cetera, we're starting to see more people continue to expand. patios, porches, fences, all
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that kind of stuff. home depot will be beneficiary. looking at overall economic barometer of home depot, the opportunity is still in front much us down the road. i think prices will still continue to rise. so buy on dips. david: we have a biggie. this is one we're waiting for. hewlett-packard, the numbers are out. cheryl casone, how do they look? >> here is what we got. they have a slight earnings beat estimate. estimate 91 cents, came in 92 cents. revenue, they missed on revenue. the stock is down 3 1/2% in after-hours trading. the revenue supposed to come in according to analysts 27.34 billion. came in at 26.8. a lot of challenges with the company, certainly massive split they're dealing with pc and printing division and hardware and services division. we've seen this with a lot of different earnings reports, hp telling us what a lot of companies have told us, currency challenges.
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hp is global company. currency challenges are affecting numbers. in particular the strength of the u.s. dollar. that is what the company is saying. looks like the stock is still moving to the downside in after-hours. hpq. liz: david richmond's thought on hewlett-packard. again this is a company, challenged, been working very hard to totally overhaul the business. splitting the stock, splitting the company, doing all kinds of efforts. is this a name you would ever go into? >> liz, we would avoid it. it is company without focus. they're trying to get focus. they're trying to do what they can but it is really, really hard to gain traction. these things take years, not quarters. market works quarter to quarter. it is not a stock we would look at this level or really any level for the time being. liz: let me point out something. cheryl hit this. enterprise services revenue. 4.99 billion. versus 5.6 billion last year. the trend, david. not good. enterprises were real money. fancy word for businesses. david: larry rosenthal, one of
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the interesting things that hit hewlett-packard is the currency problem. our currency is getting stronger. if our people continue to print as much as they have been printing, europe will be printing more, japan, we are going to be tightening a little relative to what the rest of the world is doing, doesn't that mean more foreign exposure is bad for u.s. companies? >> i think so. when they try, when they put the earnings from overseas on their balance sheet, it does hurt them, definitely. that is why we like more u.s. exposure right now. instead of international. as they continue to increase quantitative easing, that story will continue. david: doesn't it make european country, just to support david's point for a moment, he is bullish on european stocks right now, if you do have a weakened currency it makes it easier for you to sell your goods? >> yes. in the long haul i would, if you want it to be like i said, we're more u.s. domestic right now. if you wanted to buy on some dips or dollar-cost-average into international markets, looking
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down the road in the long term, as they go through quantitative easing cycles, it will lift those asset prices down the road and it will help, with, their overall economies just like it did with ours from 2008 until now. we have to pick and choose our entry points and type of companies that we're going to be purchasing over there. david: guys, thank you very much. larry rosenthal, david richmond. larry shover, we're not done with you. check back with the s&p futures close. thank you all. liz: let's not ignore the russell 2000. small and mid-cap index hitting another all-time high today. there it is on the screen. 1233. dig more deeply. >> the small cap index, which names have reallyings to run? which names should you avoid or even short? our panel coming up. david: the big policy news today, the sec's big decision on the regulating the internet, it is expected thursday to be official. a former fcc commissioner
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telling us what it will sway their vote the most, what he thinks will happen to the internet as a result of government regulation. liz: and it is the battle of homebuilder stocks versus home improvement stocks. toll brothers and home depot both reported great numbers today but is there one area that will win the war over another this year? we're debating it. don't go away. ♪ the future of the market is never clear. but at t. rowe price, 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.
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david: s&p futures closing right now. let's go back to larry shover in the pits of cme. how is it shaping up for tomorrow? >> right now we're void of controversy. we won't have any controversy, i don't think, until thursday when we have cpi and following friday with the labor report. up until then, it seems to be status quo. what is funny expectations for rate hike suddenly drifted back to september. market priced 40 basis points. we need to be closely monitoring cpi and anything with regards to wage inflation. where is the slack? is yellen going to be able to look for a surprise, a surprise launch in inflation?
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some traders behind me really aren't worried about. seem to be cavalier, to be honest with you what the fed can do. don't mistake about it, when rate hikes occur it will introduce volatility. david: as if we didn't have enough already. larry shover, thank you very much. liz? liz: lest we ignore the little guy, russell 2000, new intraday high, sixth record close of the year. let's dive more deeply. which small cap names are secret winners. which should you buy, avoid or short? we bring in our panel. we have lee munson, portfolio advisors, cio. gary kaltbaum, kaltbaum capital management president and fox news contributor. our own cheryl casone. on 18th of february we got horrible date from everything from industrial production and housing starts. russell hit record high. lee, off the bet, let's educate viewers on names you really
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like, secret winners here for russell 2000. >> well, you know i think if you want to look at some little companies, one little company we're looking itc holdings. this is a little company conduit for trade of electricity from one co-op to another in small municipalities. a cash cow, doing very well. i think people have to also avoid things like some of these broken up biotechs. that was last year's party that did not end well. there are too many numerous to name. some cheap biotechs, not a bargain box of value. just remember, last year, small caps underperformed s&p. >> i remember. >> you have to be in these small caps long term. you have to be in thick and thin. a lumpy return but a heck of a lot better. liz: i'm worried, pushing gary kaltbaum into territory he really doesn't like. i go for it, gary. you've been looking, scouring before the winners that are the small cap names. give us something? >> well, i will give you one
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name that really stands out this week, that is skechers. small cap anymore. keep raising bar for small cap. liz: exactly. >> they blew away wall street estimates. the stock broke out, big, big volume. groups doing well. i think stock will do real well rest of this year. i want to touch upon the biotechs on bad side. there have been over 125 initial public offerings of biotechs the last two years ranging from 200 million to five billion market cap. get this. with no sales. forget earnings. no sales. that is going to be a disaster when the music stops and there is no chairs left. for all viewers, i don't know when it ends but it will end. study of every bear market in the past, when you have no sales you will be in big trouble. think '99 with the dot-coms. liz: listen, the biotech index looks absolutely gorgeous right now. that chart, both nasdaq and spdr es biotech. cheryl, you've been looking all these names, trolling through
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them. is there one that stands out for you or one as a win or short or sell? >> i'm not a stock-picker. i don't want to present myself as this. the group of small cap companies i'm curious to watch and still watching is smaller sized banks, smaller regional, tiny, tiny banks like in texas and indiana. those have been really solid performers. i'm not telling anybody to go buy those but i'm saying performances that i've seen on percentage basis those stocks have been winners. liz: let's go homebuilders to home improvement. the battle of the home stocks. which level of it. toll brothers up in members and home depot, rallying on great earnings out today. if you had to go with one side or the other, who will finish out the year on top? is it homebuilders or home improvement stocks. gary kaltbaum, you take this one first? >> i things you put in your home, have much stronger growth than the homebuilders. they already have had a big run. i do like things like whirlpool and mohawk.
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something happened in the last two weeks. the housing stocks are breaking out of one-year trading ranges. i love the way lennar is acting. ryland, pulte homes. group move. i think it will last a bit. liz: cheryl, it is interesting, people are buying tools and lumber and lighting and hardware but, not necessarily going heavily into the homes area. do you like the homebuilders. do you like home building material stocks that you can really capitalize on? >> i cover real estate for the network and the trend i've been seeing leans me to say i think you will see better performances from the home improvement stores themselves because we are seeing a slowdown in the recovery. because prices are going up more and more, americans are being priced out of buying homes in general. liz: okay. >> if you get lower priced secondary, third home, one 20 years old you will fix that up. you will not go in and buy a brand new home. that will be my take. liz: lee, i have a neighbor, he is big developer. it is all about fixtures.
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it is all about fixtures. but is it, lee? what do you think? >> listen, i know from experience, homebuilders, it is for chumps that like to speculate. i know from experience, when i was trader, when i ran hedge funds i loved homebuilders because they're volatile and they moved. if you want to actually be an investor don't make it hard on yourself. you're making it hard by buying individual stocks. choose home improvement. place like home depot i would commit capital if you have buy individual stock and things like lowe's. the reason why they're a safer bet. they can change directions. sell you christmas lights around christmastime. they can do other things to change the shift. if you're a homebuilder, what are you doing? just selling that one product. stay in those things -- i liked hearing other guest talk about whirlpool, mohawk, used to be well-run company, conscientious about environmental impact. stick to home improvement. it is about fixtures. one thing if we get into bear market -- liz: we got to go. we're hearing derivative plays
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from our panel here but coming up no derivation here. one key commodity investors use to gauge economic growth, building and a lot of other things. right now it is sending some important signals. what is it? we'll tell you. somebody is daring to launch a new version of its own smart watch right before apple? david: that timing may be tough. meanwhile on the proposed to rules to regulate the internet there is breaking news. did the president just lean on the supposedly independent fcc to regulate the internet? we'll ask a former fcc commissioner. also, what if you could have access to shares of the next big potential ipo before it goes public? we'll talk to ceo of a company helping investors do exactly that. a new study saying a lot of information we heard about peanut allergies, it is just dead wrong. we'll tell you exactly how coming next. the road.
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david: time for a look at today's market drivers. a record day on wall street, the dow, s&p and russell all closing at all-time highs. nasdaq ending at highest level in 15 years. u.s. consumer confidence falling more than expected in february, pullback from its highest level in nearly eight years. the index dropped to 96.4 from an upwardly revised 103.8 in january. home prices beat expectations in december, up 4.5% from one year ago, the fastest growing market over the past year was, not surprisingly, san francisco, where prices rose 9.5%. liz? liz: no parking. david: not at all. >> no parking at all. copper is considered a barometer of the global economy's health, yes, copper, but with the metal falling nearly 10% since the new
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year but then oddly rising more than 5% since january 29th, wall street is divided what copper is really telling us about the global economy. the message of copper right now, cheryl? >> i was always looking at copper with regards to again home building. remember about three and four years ago if you had people across the country were locking up their copper, people were going into old vacant houses stealing copper wiring because prices were rising and rising. doesn't seem like the recent rise really indicates we go back to the copper bubble territory. liz: what is the message that it is sending us? i know, now, as you see, lee, china is the biggest user of copper, for whether it is electronics or building materials, pipes, that stuff. but, is there a message that you can split between the rest of the nation and the rest of the world and china? >> yeah. listen, first of all, we've known about overproduction from copper mines since 2013. so like the overproduction of oil, this should not come to a big surprise, except if you're a
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bear out there. i think other thing is, china does need a little bit less but that does not mean they will not build anything more. it doesn't mean global production is down. remember one thing viewers don't know about, copper is one component in the broadcom indexes which are generally oil heavy. a lot of people have been dumping these broader commodity indexes because the drop in oil. so they're throwing away copper with a broader commodity mix. liz: not a bottom yet? not a bottom yet, gary kaltbaum. gary, when something is this cheap, wouldn't you want to go into it? >> look, i just think a lot of commodities are a major bear markets right now. you really don't know where the bottom is. you will get points in time where you get vicious rallies to the upside and typically they fail. i got to tell you the big story for me is not the 10% this year but 40 to 45% since 2011. if you would have told me in 2015 copper was down 45% from 2011, i would think we were in
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depression. so i think more has to do with, i think this more has to do with there's a lot of supply. demand is somewhat slack around the globe. i have to tell you, huge surprises we're so far down not only in copper but energy also. liz: my grandfather ran a scrap metal yard in saskatchewan. copper was everything to him. it is shocking to me but, i bet there is copper in these next products. the most popular smart watch in the world, pebble, because it is out and been out, has a new watch hitting the market right before the release of the apple watch. is it apple or pebble beach all the way, cheryl? >> i think pebble will be quite the challenge apple. we've seen a lot of commentary from analysts and tech bloggers that the iwatch is disappointing because they really changed it from what we initially thought the iwatch would be, more of a health device which doesn't exist on a true level yet. pebble because they have users
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buying it, there you go, there is the price, perfect example, the fact it's a bit cheaper than apple watch. i think apple should be pretty nervous. liz: gary. can, the new pebble time, 199, has battery life of seven days. color display, a timeline for app overload, 6500 apps and cycles through on a timeline. are you buying? >> let me just say this. going up against apple is not the greatest thing in the world to do. you are going up against the greatest brand name in the world right now. absolute marketing machine. so i think this pebble will need to be really, really good. it does have some advantages. apple at iwatch has a advantage of better resolution. so we shall see. every person that walks into apple store for ipad, iphone, will see an iwatch, that is trouble for any competitor. >> gary, do you think the iwatch will cannibalize against
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other apple products? that is what i kind of see as a concern here. >> i think there is potential. i bet against apple too many times. i thought before i thought the ipod was another walkman. i don't know what the heck i'm talking about. liz: great to see all of you. go ahead, lee, really quickly. >> you got to remember, whatever the pebble has, apple watch doesn't have, apple will do r&d ripoff and duplicate. bottom line. liz: we have to go, lee munson, gary kaltbaum and cheryl casone. david: i love lee's haircut. terrific. lyle lovett. the fcc set to vote whether or not your internet should be regulated like a utility. did the president just exceed his authority pushing the fcc to accept new rules. we'll talk to a former fcc commissioner. liz: ever wish you had access to those all juicy ipo shares of companies that might be the next big thing? we're talking to the ceo of a company that is helping investors do just that. stay tuned. david: "consumer reports" releasing its list of top-rated
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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. liz: parents who have children with peanut allergies no how
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hard it can be to keep them away from nut products or even dust that comes from it. well, a new study suggests this may be the wrong thing to do to prevent an allergy. researchers at kings college in london, found children with a predisposed rick of developing a peanut allergy could minimize the risk if they are exposed to peanuts earlier on in their lives as early as age one. this would lower their risk of developing the allergy by 891%. early exposure seems to build tolerance, rather than lead to an allergy. 81%. david: on thursday, three democrats among five commissioners on the federal communications commission will vote to regulate the internet like an utility. people fear that would end era of internet freedom when anybody could post anything on the internet without the government review. we have michael powell, national communications association ceo and former fcc chairman. >> good to see you. david: talk first about the
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process by which this is taking place because it's a secretive process. we still don't have access to 330 pages that really describe what the fcc wants to do or at least parts of the fcc a lot of people are wondering whether fcc chairman tom wheeler was kind of pressured into taking this position, a position he hadn't taken before. what do you think? >> well you know the fcc is an independent commission for a reason. its members do not serve at the pleasure of the president. they're much like judges. they're appointed for terms of years. the purpose of that is their role is to execute faithfully the delegated laws of congress and not be influenced by political aspects or undue uninfluence by the white house. i think for those of us who have been around the fcc the president's intervention was unprecedented. i have never seen such a directive come from the white house to specifically state what the outcome should be. there is no question that it influenced direction of the
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proceeding that will culminate on thursday. david: by the way just to give folks an idea how sacred the fcc's independence has been in the past, way back in the 1980s when president reagan said something about television reruns to his fcc chairman, daniel patrick moynihan a democrat at the time criticized reagan and said, i believe it is imperative for the integrity of the regulatory process the president unequivocally declare that he will do nothing to intervene in the work of the fcc. is that, is that sort of axiom been violated now? >> well i think he said the key word. the fcc's integrity is critical f they're going to make a decision this monumental, abandon 20 years of bipartisan light regulatory of the internet without direction from congress the american public should have every confidence that the process is rare, vigorous and sound but the integrity lives under a cloud with the
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white house so forceful trying to shape the outcome. david: of course these issues are important. if there is a court review, undoubtedly there will be of this decision, that might become an issue in overruling it, could it not become that? >> yeah. i mean one of the things the courts look at very carefully, did the commission engage in a fair and thoughtful process and that kind of backdrop, certainly is going to color and we believe probably taint the credibility of the decisions in the eyes of the courts. david: okay. let's talk about, if this decision does stand, what happens, to the internet? title two which allows them to regulate the internet as if it was a utility, allows the fcc to decide what charges and practices will take place on the internet. now to me, that means they can regulate content and they can also regulate prices on the internet, no? >> yeah. i think it is fair for your viewers to understand, title 2
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might be the biggest, strongest regulatory framework ever been utilized in economic regulation in the united states. it was written in 1934. it is written very ambiguously in a way that grants the commission an enormous scope of authority over virtually all business activity over the internet. they can elect to apply that in ways they choose. the commission is promising people it will forebear. but it is important to understand they are not eliminating provisions like rate regulation. they're only choosing not to apply them for the time-being. and they will continue to have the foundation to intervene if they choose in virtually any realm of internet activity. david: now they have said, tom wheeler, and others that are for this rule change, that they would not use the powers but can you think of anytime when a bureaucracy had powers to regulate they didn't use it? >> i think that's right. i'm not being disparages of tom wheeler's sincerity but i have been around regulation a long time. it is rare for a regulator to
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grant itself such sweeping power and then expect it is never going to utilize it. with time whenever there is issue or competitor doesn't like something happened, they go to the fcc forum, initiate a process and the fcc could intervene in what should be a free market business transaction. so, they can't control actions either of future commissions or future commissioners. so once we put the gun in the hands of the commission, you can't promise who will use it in what ways they will use it. david: michael powell, former fcc chairman. thank you very much. appreciate you coming on. >> thank you. liz: david, consumer reports releasing its 2015 list of top cars. they have listed it today. it includes three models built by american carmakers. the buick regal was the top pick in the sports sedan category, in the large car category, the chevy impala, v 6 took the crown of the company noting that it is roomy and great handling. the top luxury car when the only european car on the list, the
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audi a 6. for, david, second year in a row the best overall car, goes to tesla, the model s, on entire list. subaru was biggest winner, taking first place in three categories, good for subaru. coming up we tell you about a company that helps gain access of private companies ahead of the ipo even before insiders get their chance. the chance for you, the average folk to get in on the next facebook or twitter before the price skyrockets at the opening trade. liz: keith olbermann suspended from espn. what is this about? it involves twitter. details next. [vet] two yearly physicals down.
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liz: breaking news. espn has suspended keith olbermann for the rest of the week, following comments he made on twitter about a penn state fund-raiser and the students that were supporting it. got pretty on noxious. in one tweet olberman students who attended the school were quote, pitiful? another i would like to thank students and al also of penn state proving the point of mediocrity of their education and ethics. espn called the anchor's actions inappropriate. penn state students raised more
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than $3 million for pediatric cancer, david. here is a guy is getting in a twitter war with children and students? ridiculous. david: why are we surprised, keith olbermann is in trouble again. why are we surprised? how can employees and investors benefit from preipo shares, the ones insiders get in. >> there is seamless way to do it and get in on the possible facebook. liz: are have you ever feel left out of ipos? we have the ceo, that has come up with a company that enables people who are appropriate for it, to be able to participate pre-ipo and shares? >> that is exactly right. thanks for having me on the show. help investors get access to technology companies before the ipo. traditionally the investment opportunities are limited to large check writers, 20 million above. what this does, brings this to the average investor for a few
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thousand dollars. david: to spell it out clearly and plainly of our viewers, you approach employees who have chairs of the company, and say, or they approach you, and, you say, i gill you cash for your shares, right? >> what we do, we are a matchmaking service. we connect the shareholder that says i want to have a kid, i i want a little bit of cash to finance my life. can you help me out? we work with the company. get the company's blessing. and get investors that currently -- david: only do it if you have the blessings of the company? >> exactly. that is very critical. liz: here are two names. these are billion dollar plus companies. they are private. they are startups. one day they may possibly be well-known as say for example, a alibaba or xiaomi or something like that right? you are able to get shares to sell them to accredited investors. how few shares, how many shares do i have to buy as an accredited investor? what do i have to do to be accredited?
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>> start with the last part first. to be accredited investor, the sec says you have to roughly $200,000 a year income or net worth over a million dollars. this covers most people. if you're accredited and interested in investing companies you used to have to wait until the ipo. these companies are worth 10 times what they're worth today. what equityzen few thousand dollars, 5,000, 10,000, 20,000 companies they can invest in the companies today and watch returns go all the way until they go public. david: do you ever sell your shares, the shares thaw bought, from somebody, some employee back, to the owners? >> you don't sell them back to the owners. you can sell it to other investors. we're taking something very ill-liquid market. david: the reason i ask, some people might look at this with suspicion, okay, this is just a scheme by management to get back their shares at a is did discount? >> we have three hundred companies approach us, only little as 20% made it on to the
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listing. they go through a rigorous screening process. they have to have top tier investors behind them. they have to be $100 million in enterprise value and above, they have to have a need for liquidity. 2-year-old company doesn't qualify. liz: you're looking at 100 million valuation or more. throw out names here, xiaomi, palantier, spacex, privateer. these are private. you can only talk about the two we spoke about it is it fair you have some large startup names that aren't yet public but probably will go public? you never know, right? >> that's right. that's crucial. the journal came up with 70 companies, unicorns, darling term of companies over a billion dollars in value, equityzen worked with 10 of the 2025 of that list. liz: how do i find it. >> equityzen.com and we do the rest. david: thank you for coming in. equityzen us came up with the name because the z sticks out in
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people's mind. >> the company, i wanted to buy engagement ring. coming full circle. >> that is how it began. did you get a nice one? >> she is very happy. we're getting married in july. david: congrats. >> thank you very much. liz: thank you very much. the dow and s&p and russell in case you didn't know hit all-time highs today with economic data, more federal reserve speak and earnings all hitting the tape tomorrow. will the records hold? it is tomorrow's trades today. that's next. david: also as the largest u.s. refinery strike in 35 years enterses its fourth week our own jeff flock is live from the picket lines outside bp's refinery in whiting, indiana. jeff? >> and if you don't think these guys are serious, well you haven't been out here on the picket line. it has been three weeks. they're ready for a lot more. we'll tell you what the impact will be on gas prices very shortly. stay tuned. >> hi, everybody, i'm gerri willis. coming up on my show at the top of the hour, it's a landmark
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case that could affect the way millions of americans save for retirement. the supreme court heard that case today. that is one of the big stories coming up on "the willis report" in just a few minutes. it's more than a network and the cloud. it's reliable uptime. and multi-layered security. it's how you stay connected to each other and to your customers. with centurylink you get advanced technology solutions, including an industry leading broadband network, and cloud and hosting services - all with dedicated, responsive support.
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strikes at some of the nation's largest refineries continuing this week more than a month in. liz: this strike could have a big impact on the gasoline prices you're paying. jeff flock joins us live from outside of bp's refinery in whiting, indiana.
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jeff? >> when do we want it? >> lost it, guys. liz: can you hear us, jeff? he may have lost us. i don't know if he can hear us. you can see him in the middlewaring beige. on the picket line at bp. jeff, can you hear us now? >> now i got you, guys. it got really loud here. the chanting goes on as perhaps you see around me. this is a strike that has been going on for three weeks. nobody taking a lot of interest. i tell you they're taking interest right now, because look what gas prices have done. when this strike started, on february 1st, gas prices were at about 2.05 a gallon. they're now at 2.32. a lot of oil analysts are saying this is part of the reason because there is fear about shutdowns. crude at the same time, has remained fairly stable. in fact has even gone down some from the high at 60. leo girard, the president of the u.s. steelworkers, said today in
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atlanta, that the strike could even expand farther. we're now at 15 facilities around the country, 12 of them, refineries like this one. maybe you hear. they get a lot of support out here in northwest indiana. which is a hotbed of labor. here is what roger reed, of wells fargo bank, one of the analysts there said, the impacts of the strike may become more apparent in the days and weeks ahead. that is because, as this strike continues, and as management continues to operate the plants, if they run into a serious problem, somewhere along the way, the managers and engineers now operating the plants, may not have the expertise to deal with that they may force a shutdown. so, dave, liz, we'll see as we go forward. david: jeff, thank you very much. jeff flock from strike headquarters in indiana. liz: david, not just for breakfast anymore? waffle house is partnering with roadie. this is a shipping startup that helps get your packages where
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they need to go. adam shapiro got a chance to speak with waffle house and roadie earlier today. it is part of our fox business rewind. >> if you're heading somewhere any way, doesn't matter whether it is my keys, my laptop, my mattress you want to bring along. you're going there. why not help somebody out and take it with you and get benefits along the way. >> go with the roadie app and say you need to ship the chairs and hopefully meet at waffle house and have the roadie pick up the chairs from waffle house and take them where you need them to go. >> we're building a community of people that helps each other out. the best place to do that is with these guys already building a community every day and people that come into the restaurants. liz: catch all of today's interviews on foxbusiness.com. time for the number one thing to watch tomorrow, we're back with lee munson, portfolio wealth advisors, cofound every and chief investment officer. lee, tomorrow's trade today, what is it? >> you to keep watching the
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massive outperformance of international stocks with small cap u.s. behind it. last year every dumped them. nobody loves it. almost two to three times better than s&p 500 performance. that, sr. where you need to be. if you dumped it last year along with good financial plan, you know what? not too late to get back together. david: lee, cron if you -- i don't know if you read the piece by robert reuben in the "wall street journal" the question when you pull your money out, he says the ecb money printing will not help europe with it is substantial problems. only person that will help that, only people are the political class to bring down taxes and regulations. that is what is needed, just printing money ain't going to do it. what do you say? >> you know we'll need reform but if you don't have liquidity it is game over. remember we're not investing in european bureaucracy system we're investing in these companies. valuations are near -- david: companies have to do what the bureaucracies tell them to do. that is the problem. >> listen, we had, you look back
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at long term historical performance much pink co-socialist companies they're on par with the united states. david: disagree. lee, we have to leave it. thank you very much. no not a problem. gerri: hello, everybody. i'm wills wills. this -- gerri willis. this is "the willis report." a the show where consumers are our business. budget cuts bite at the irs and taxpayers catch a break. audit rate for individuals falls to the lowest level in a decade. a landmark lawsuit. the supreme court hear as case that could affect the way millions of americans save for retirement. >> this can affect hundreds of thousands if not millions of people that have 401(k)s under large companies. gerri: governor chris christie in hot water over cuts to state pensions. the latest in a nationwide battle who will pay to rescue public retirement programs. also it is one of the biggest changes in recent memory to america's favorite pastime.

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