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tv   After the Bell  FOX Business  March 6, 2015 4:00pm-5:01pm EST

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david: nicole, gold is down $31. [closing bell ringing] >> $31. the dow recovered a little bit, down 29 points. david: some people are -- 279 points. david: they're selling bold. keep it cash. if cash will be king, why not? liz: throw it under the mattress. david: have to do something with it. liz: don't to that. bell ringing on wall street, 4:00 p.m. eastern time straight up. here is how stocks finished the day. david: ouch. liz: we knew it would be bad. dow jones industrials down 279. why? we got much better than expected february jobs report that scares people into thinking june will be janet's hour. david: that's right. all this talk about how the fed will be putting off a rate hike until 2016. well, when they saw that jobs number, it will be tough not to raise rates a bit. liz: don't worry. we'll make you money right now because "after the bell" is starting right now.
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david: breaking down today's very busy action, we have pete benson from beacon capital management. one sector where earnings will grow 10% even with the market down as it is. he will tell what you that is. jason o'donnell, blue stone financial institutions, why the number 72 is important for investors right now. scott shellady in pits of cme. start with the job numbers. 2,895,000. are you doubting that number? >> well, that number is that number, it is 295. you know what? participation rate is bad. i know we focus on unemployment rate and amount of people we putwork every month but look at all the other economic indicators. we missed badly. ppi, retail sales. we're hearing reports of a bad gdp number. the fed will start to find it difficult if stock market sells off behind me because there is rate hike imminent, difficult for me not to be sarcastic.
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are you going to be able to raise rates with what we've done other currencies around the world to artificially or strengthen dollar because everyone cutting their rates? number two if you raise rates -- david: wait. let me get you clear. you think the market is wrong. you think they will not raise rates despite the good jobs numbers? >> i think june is a long way away. i think we have too many economic indicators before now and then i bet you they find it very difficult to raise rate they put it off until next year. david: all right. liz: who else you're with? warren buffett said the exact same thing. i just don't see if i were them, the fed, how in the heck we'll be able to tighten rates. let me move it to jason o'donnell. does this argument enter your ear drums? or forget it, markets will continue to go up and i make money buying certain stocks? >> thanks, liz. for us it is all about what are the implications for interest rates. we focus pretty heavily on bank
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stocks. so small, mid-cap bank stocks are up significantly today. despite what's happened in the broader market. big selloff, not only on stocks -- david: was is essentially waging didn't grow at all or some other reason? >> participation rate is down, wages are dismal. people are concerned. with gas prices down where they are, normally you see up tick in retail sales but they're not so
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good. people using that extra money to pay their monthly bills right now. david: right. liz: bills or pay down debt, right? i think that also been an issue or simply going to restaurants. you saw the restaurant stocks. we call it as we see it, right, scott shellady? restaurant stocks are a great beneficiaries of a little bit of cash in people's pockets but at some point we either see bigger ticket items purchased or not. what is holding people back? >> i think, you're kind of right where people treating themselves a little bit to the restaurants. i think largely the american consumer less in debt. only last july crude oil was $100 a barrel. what if i told you $50 a barrel in march? they are worried as they sit in the room. because that hasn't metric lated down into the system. we have thrown a lot of stimulus at system. we 2% to 2.2% gdp.
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we're starting to hear whispers of a one handle in front of gdp? we have record amount of people on benefits. we're not getting people anywhere. it will be the year of this. they're damned if they do, they're dom dammed if they don't. david: even austin goolsby who worked for president obama, gdp will go into a one handle. jason, more jobs mean better earnings for companies. if people have more jobs, they can spend more money. about their own personal future. with market drop today of about 300 points. do the markets care more about low rates than they do about stronger earnings? whether people have jobs? >> well i think that is clearly the signal we've gotten today. really all about interest rates. so, it is a tale of two different sets of dunn r industries. you have the broader market is responding to what they think
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will be higher interest rates and negative implication of that for us again, we look at world through lens of banking industry, in particular given focus at fund. we're very excited about it. we think interest rates are headed higher. >> let me jump in there. you're saying that is a sector that will jump 10% in the future? has to be more specific than just all banks, right? you're not talking about big money center names, right? >> not at all. i think in some ways they're disadvantaged. we think small and mid-cap space is where it is at. more levered to higher interest rates particularly parallel shift in rates. even 50 or 75 basis points. we see space moving from 10% eps growth rate. something between 12 and 14% eps growth rate next year or two. that means good things for valuations, we think. david: pete, we teased this. something about the number 72, important for the market today. explain. >> well, not sure your question, say it again? >> with a 70, all right, i'm
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going to come out with it. this is a 72nd month of bull market. why is that a extraordinarily important to investors. >> now, i'm on target with you exactly. usually a bull market run will last about 66 months. we're up to 72. market is up 200%. people wonder how much higher can it go? we're talking to our clients about the fact, hey you've had some good growth. maybe we're at bubble level. maybe due for correction. how about take earnings we've got. take some good growth. put it into something that is dividend payings, maybe more predictable. better cash flow. our clients typically are baby boomers. that being the case, they're looking for income. so i think this is a good time to take some of that growth you've gotten and put it over there. you certainly can't put it into bonds right now. it would be a perfect storm. like catch 22. people are in area where they don't where to go with their
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money. with our clients, dividend-paying stocks. david: i didn't mean to steal your thunder but you forced me into it, the 72 number. liz: thanks, guys. david: have a wonderful weekend. apple's mobile payment system, apple pay has been a hit by series of fraudulent transactions using stolen credit card data. some stolen cards are said to come from the home depot and target hacks. >> with us is man named jim moran. north bridge growth equity partners. just sold his own mobile payment firm to paypal. suite get to that in a second. that is a huge story in and of itself. but when you first there was this fraudulent activity, somehow related to apple pay, what was your first thought? >> well, first thought is, there is lots of bad actors out there. they're always going to be focused on looking for ways to sort of back door the system. liz: this is not an apple fought, is it? >> no. this is not an apple fault.
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this is not apple's technology. this is, still on the bank card issuing side. as you load your wallet there is still a process authenticating that occurs. we'll learn there is more that we can do to make this much more secure process to get folks using their mobile phones. david: the problem for apple since they're so much involved in the mix with apple pay on both sides of the bank, people sort of expect them to take more of a part in making this procedure more fraud-free. and, there is an expectation, perhaps it is a wrong expectation, but shouldn't they play a more active role in trying to prevent fraud in the system. >> couldn't agree with you more. i think we'll see that out of apple. that's what we expect from a big brand like that. i'm certain that the discussions are occurring now with the largest issuing institutions and banks. because they want to make this work. david: apple and banks now you think are working together to come up with a better antifraud
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system? >> you can bank on it, no pun intended. liz: you sold padient to paypal. needless to say, paypal and apple pay are competitors, they really are. >> yes, they are. liz: we had one of the top analysts that apple pay will be a paypal killer. do you agree with that? >> i don't. i don't think there is winner-take-all market. there are 2 to $3 trillion sale at point of sale market in america. this is giant market. this is investor dream. there will be a handful of winders and -- winners and certainly combination of paypal and padien will be powerful one. we think one plus one equals three or four combination. all boats in the harbor will rise with the tide. david: let me just ask a question, an advice question. >> sure. david: for a guy who is involved
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in payment systems, this might not be, sort of anti-intuitive to you do use cash. you use cash. sometimes you think a card should not be used. when are those times? >> you know, i use cash, honestly, i use cash in cabs. i use cash when i'm traveling in different cities and have a quick cab ride somewhere if i don't jump in uber. if you quickly run into convenience store. if consumers are smart about where they use their credit card or debit card, you can kind of get a sense when you're somewhere, maybe i shouldn't use my personal information, cash might be better here, might be a safer environment. i don't feel that way when i go to target or home depot or starbucks but you know, but there are breaches occurring too and i know that comment flies in the face of some of that. liz: what we'll see death of credit card. >> i see you will see the death of magnetic card swipe.
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david: interesting. verying. congrats on the sale. >> thank you very much. david: speaking of apple, the big apple watch event is happening on monday. we want to know what you think, will the watch be a boost up for apple or a let-down for apple? send us a message on facebook or tweet us@fbn. atb. our answers coming up. >> apple will replace at&t in the dow jones industrials late they are month. who could be the next stock to get the boot from the vaunted 30? the dow 30? our panel has some answers. david: plus it is not about the fed when it comes to jobs for main street. it is about where the jobs specifically are and how much they are paying especially full-time ones. how do we get wages to come up a little bit? we talk to three business owners who has answers from the ground floor. that's next. liz: you herd the saying keep your friends close but your enemies closer? that is what amazon seems to be doing, opening a store inside
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alibaba's t-mall in china? should alibaba be afraid, very afraid? david: ba b. ♪ at mfs, we believe in the power of active management. every day, our teams collaborate around the world, to actively uncover, discuss and debate investment opportunities.
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david: well it was way off today but the nasdaq did top 5000 this week for the first time since
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the dot-com bubble. what were the biggest winners and losers? liz: let's head back to nicole petallides on floor of new york stock exchange. there she is. >> dave and liz, i think it is really important you pointed that out. we're so in the thick of things. in big selloff you almost forget that the nasdaq hit the key 5000 mark. look at names that led the way this week. i know we're seeing some down arrows but nxt semi, for example, was up 15%. you can see vertex, baidu, all up about four, 5% this week. nxp semimade acquisition of freescale semi. why do you care? these are chips for autos. chips control braking, dashboard display, fuel injection, it is all about the chip, right? look on downside. kla-tencor, seagate. also micron. micron in particular has come into play here. these were down, four, five, 6% throughout the week.
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mike con people watching it lose market share to samsung. analysts say they need to spend more on technology to beef it up. down arrows for the group in particular and down arrows for the week. back to you. liz: nicole, thank you very much. david: good news and bad news in the jobs front. unemployment is down, that's good but wage growth is essentially flat. how does this work out on the ground floor with the job creators? let's ask some of them. we have carlos. he is sergio's family restaurant ceo. maury taylor, titan international chairman and ceo, and chris mcfarland, master g ceo. gentlemen, good to see you. mahre are you, let me go to you first. what do you make of these numbers overall? >> well you want to keep your doctor? you want, to you know, i don't believe them that is the first thing. david: you don't believe the numbers at all this personally, are you hiring, are you firing, keeping it flat or what? >> no. we, we've had a reduction, well, we're worldwide we went from
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about 8500 employees down to about 6,000. in the u.s. we went from 3500 down to about three thousand this past year. david: i'm getting a sense you don't believe the numbers? >> no because, if you want to hire, you don't have any problem finding anybody. and if you think of a 5% unemployment, and back in, when it, the numbers were really, real numbers, you had to scrape the barrel when you get down to five. you don't have to today. >> by real numbers, carlos, i think what he is referring to is the labor participation rate which is just awful these days but are you hiring now, if so why? >> yeah, we're hiring, expected to hire about 100 people within this year. we're a little bit of a niche, the fact that, we run cuban restaurants. we've never had more interest in our cuban food than ever, due to u.s. and cuban thawing in the relationships. so we're a little bit of a niche
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but we're cautiously optimistic. we're growing and taking advantage of the opportunity. david: that's good. you're able to take advantage of the fact there will be more travel between the united states and cuba. that will interest people in cuban food, cuban cuisine. chris, we had morry make a rerence to obamacare. there was a "wall street journal" article this week showing that small businesses, ones that were supposed to be exempt from obamacare, are not at all exempt. they're having to pay a deep price in terms of their tax implications and regulations and stuff. is that affecting your ability to hire right now, obamacare? >> it is not affecting my ability to hire people in this market. we have 100 jobs we'll add between now and end of the year. that being said, double-digit cost increases that we've been experiencing year-over-year in health care costs, are just unsustainable for any size of business, whether it is small, medium or large enterprise. david: unsustainable, why,
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specifically? >> unsustainable because if you thinkabout, just gdp growth from country standpoint, growing slightly over 2% year-over-year. as an employer when your health care costs go up between 12 and 25% a year to your entire employee base, it is not sustainable. it is too much, i can't hire more people because i'm having to spend more money on health care. david: morry, if it wasn't for obamacare, would you be hiring? >> not really from the standpoint. what we've been able to do, and he's right, small, i should say the small companies that are less than 50 people, they're getting hit. and what you're seeing is reduction of hours to keep it down under the 30.d&ö
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. we think that will allow us to create increases coming up. if it works we'll try to do the same thing at all of our locations in the u.s. david: chris, is there a way, that is a great example, of somebody trying to go around these new laws and regs and tax implications. chris, are there ways to go around obamacare? are you stuck with a brick wall there? >> you know, we're a medium enterprise sized business. i don't think there is any way around it. i mean today we have 370 employees and growing by 100 people.
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i think if you have a lot of labor force that you can shift, that you can deal with part-time employees, i think there may be potential to get around obama care a little bit that way. when you just face the facts of it, it is just a challenge. there are more costs coming into health care. david: yeah. >> it is just not sustainable at its current levels. david: carlos, we have to run, quickly are you switching to part-time employees because of obamacare? >> because of obamacare the restaurant industry as a whole is hiring part-time mostly unless they need full-time positions. you will see eventually people start looking at how they can, basically everyone is trying to focus on restructuring this year. then at end of this year, walmart increasing pay rates. you will start seeing that little by little. we hope congress can figure out a way to make affordable care act more affordable for small businesses so we can focus on pay rates or our employees. that will be the future that we're looking forward to. david: carlos, i'm sorry i screwed up your name in the
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beginning. thank you for coming in, from sergio's restaurants. morry taylor, thanks very much, chris mcfarland. have a great weekend. liz, over to you. liz: asked to leave. at&t gets a boot. apple get as nod. tech giant is added to dow jones this month. which company could be next to lose its chair at big blue index table? second top hospital reports an outbreak of superbug infections. dozens more at risk. what is going on here. latest coming up. o branches equals great rates. it's a fact. kind of like mute buttons equal danger. ...that sound good? not being on this phone call sounds good. it's not muted. was that you jason? it was geoffrey! it was jason. it could've been brenda. 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?
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liz: big news today impacting one of the most famous stocks indexes in the world. tech giant apple will replace at&t in the dow jones industrials. that will happen later this month. today, we want to know who is next to get the boot, from the dow. let's bring in our panel. tom frost. sfg alternatives, larry shover.
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fox business's adam shapiro. tom, somebody is going be next. you know it. who is it? >> we need to talk about why that at&t was removed. not because it was a bad company. because the dow is price weighted index. so when you have a stock with small share price it, has very little impact on index. i think next company could very well get the boot is cisco. it is trading at $29 a share. it was, had a market cap of 550,000,015 years ago. -- 550 mill. now it is 15 million. >> larry, who is your target set? >> i think it might be redunn dan system i think merck or pfizer would be the next to go. replacing them, both really good companies. just getting rid of redundancy, replacing it with amgen, roche, more of a biotech name to spread
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out diversification in the dow. liz: larry, i agree with you. that is interesting. we have big microsoft, cisco, intel names that, i wouldn't say they're redundant. but they're all technology. adam, what do you think? >> go with what the first guest said, you have to pick ge. even though a big market cap -- liz: you can't remove ge from the dow. >> right you can't lose at&t after 100 years. liz: there you are. >> ibm, despite they're trading $158 a share. because as the dow starts to shift to these new tech companies in this new economy started back in 1999, ibm is recreating itself. it become as software company. will not be able to compete with likes of google and apple. liz: i think travelers. i think travelers is vulnerable. it has $34 billion market cap and is 05 share price. that is my two cents. keeping your enemies close? amazon opening a store on alibaba's online marketplace,
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t-mall for chinese shoppers. everybody from the start said, amazon and alibaba are really big competitors here, is wins? is this a trojan horse entering alibaba through amazon? what do you think, larry, you start? >> i think alibaba is going to win this. keep in mind amazon has been in china for four years. they spent estimated $600 million last year and average chinese, especially younger generation prerogative to go to alibaba. they find it less expensive. it's a lot more user-friendly to them. that's what they're used to. amazon will continue to burn cash. they're doing some great things trying to make arrangements with beijing's trade center to do cloud computing services et cetera, but they're spending awful lot of money to catch up even a little it about. liz: if he burn cash, alibaba says come burn it at our business, right, adam? >> alibaba will win this you have to love jeff bezos and
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amazon, essentially saying to jack ma, we're number one. you pick the finger we're say -- he is saying that with. liz: tom, take it from there. >> they're both winners. be critical with amazon. they thrown in the white towel. we rather pay alibaba commission to sell products on your platform. i think they win. i think alibaba wins because they need credibility from a company like amazon. there is a lot of talks about some of their counterfeiting they have done. with company like amazon selling wine from nap at that valley, ups their credibility. i think it is great. liz: alibaba would not let amazon in if they didn't think they could get something through from them. >> so true. liz: will latest oil train accident, yes, there was another one. who are this week's biggest winners and losers. dave? david: another hospital reporting cases of the superbug
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following two recent deaths. contaminated medical scope was responsible for the latest cases. we'll fill you in on the details. vista jet is taking on warren buffett in the private airline industry. the ceo says they're beating oracle. we have the vista jet chairman and founder, joining me in a fox business exclusive straight ahead. ♪
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liz: another freight train carrying oil bursts into flames after jumping the tracks in illinois. on your screen, three such accidents over just the past few weeks. is this going to start to derail railcar stocks, railroad stocks? let's bring in the panel to ask them about this. tom, this is disconcerting certainly but considering as you put it into perspective how many railcars travel across the nation, is this that serious? >> well, that is a good way to look at it. yes, this is serious. this is a huge shot right at the obama administration, that they have been so against keystone pipeline. how many more of these are going to happen? we still remember 2013. 49 people killed in quebec when this happened. only saving grace -- liz: are you saying pipeline would make it so much safer?
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>> many experts say it would make it safer. >> the government says it would be safer. >> go ahead, adam. >> u.s. government in their report, final assessment of keystone pipeline looks at spills in pipeline and this issue and the conclusions, pipelines are accident, are safer than if you transport over rail. the problem, that one, rail isn't the way to do it. but the other problem really facing stocks is that we have such a huge surplus of oil that is only growing eventually we'll not be drilling so much more. demand is not keeping up with supply and these stocks will take a hit as they stop shipping oil. liz: larry, does this make you avoid rail stocks or railcar stocks? we have a bunch of publicly-traded railcar stocks on the screen too.
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>> i think we see interest it rates, rice in the june meeting. >> who is your loser? >> my loser is i think is at&t. they have been part of the dow. as other, guests said for 99
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years. finally derailed by very company they helped propel. remember it was at&t helped get iphone right off the ground. what an ironic turn of events. liz: so dripping with irony. larry shover, your winner and loser? >> my winner has about be families of 132 souls on flight 1086 yesterday at laguardia. this is just a story. this is 132 souls. plain coming in at 100 miles an hour. gas leaking out of one wing. who knows what would have happened. there was no, fatal injuries. i mean, not, life-threatening, injuries. that is my winner for the week. liz: i agree with that. your loser? >> other than the 4300 flights that were canceled, big loser right now. ringling brothers barnum & bailey circus, phasing out elephants, thank goodness in. 2018. i don't think should have
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circuses with animals. rodeos, zoos. liz: why is it a loser? >> it's a loser hurt their business. some people go there just for animals. especially elephants. jumbo the elephant, 15years ago. it is gone. liz: adam. >> biggest winner tim cook apple steve jobs shoes. doing great job for shareholders. what happened with the dow today. will happen march 18th. we get more news on monday from apple. tim cook is big enter. are you sitting down for this? common sense is big loser. students at university of california. you should be aware of this, liz. irvine. they voted to ban all flags, including american flag. they said because the american flag has been flown in instances colonialism and imperialism. this comes right out politburo. whereas flags construct paradigms of conformity and sets of standards for others which this country -- freedom, quality, these kids are nuts. liz: orange county, that's
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right. very conservative area. great to see all of you. larry shover and adam shapiro. good to see you. david: now we have news on the latest mysterious superbug blamed for two deaths. liz: now been linked to a common medical device. it is now been discovered in another hospital. get to fox news's jonathan hunt. joining us live from l.a. with the details. >> liz, david, first we had an outbreak of ronald reagan ucla medical center. seven infected there, two of whom died. a second outbreak. this time at cedars-sinai. four patients infected. look at suspect in both these outbreaks, this endoscope made by a company called olympus corp. we now learned the company didn't get fda clearance for knew version of device began selling in 2010. dr. marc siegel of the fox news medical a-team says everyone is at fault here.
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>> i would tend to blame everyone. company not being involved, hospital not doing due diligence to protect patients. if. da should be intimately involved in this situation. patient safety is number one. >> endoscope in question is apparently difficult to clean. bacteria can get trapped in it. dr. siegel says some hospitals don't use the best cleaning agents. and patients should check a hospital's record before booking a procedure. he also says, don't panic. >> we have to keep in mind this is a very rare occurrence. the chances of you getting a problem with this, if you're having this kind of a scope, known as ercp, nationwide is extremely low. so i would tell people out there, to be cautious, but to not be worried. >> but with two dead and numbers infected growing it is obviously a concern, especially when you consider that these outbreaks have been at ucla and cedars-sinai. two of the preeminent medical
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institutions. liz and david, not just in california, but in the entire country. david: they first spotted this in 1987. they have known about this a long time microbe. >> a long time to be tackling this. david: jonathan hunt. good to see you. >> need a private jet. could china less than 24 hours? vista jet delivers, along with service that puts most first class cabins to shame. we get exclusive how much look at how much u.s. business is booming. david: google may be changing the way it prioritizes its searches. it is causing firestorm among folks who worry about the way their views could influence your searches. the controversy straight ahead. no super-slow-motion footage of trucks splashing through the mud.
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liz: with flyer frustration rising nearly all the time has popularity of private jet flights increased? david: it has indeed. one luxury carrier, vista jet, survived financial crisis. did pretty well during the crisis. just scored a record 2014. here with exclusive look how u.s. service is booming, vista jet chairman and founder, thomas ford. congratulations, thomas. this is a great news. we spent a lot of money on your visit here, putting together a
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lovely graphic that shows cost of one of our flights from new york city to beijing versus a first class commercial flight. now that 240,000, you have to see, you divide that into 15, which is number of people you get into that flight and it comes down to actually a little less than what a first class commercial flight would cost, right? >> that is absolutely right. but people don't necessarily look at it this way. usually on a flight there would be 10 to 12 people. and so it is pretty comparable to first class. what you're really getting point to point connections. people might not fly to beijing. but their factory might be in juhon. that is what we offer. it might not take off from new york city. they might have office down in florida or somewhere. that is really where we come in. we offer very price attractive solution. point to point. you can take off whenever you want to. can conduct your business, office in the sky. all the privacy.
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>> if i pay i'm not missing my flight? >> you're not. >> but do i have to fill the other ten seats if i'm taking the 11th or other nine seats if i'm taking the 10th? >> ought sly l dedicated to you as booker, as lead passenger on this flight. you take along people from your family, from your corporation, you could have one passenger flying or 15 passengers. david: could i subcontract? for example, if i want to get, other people, could i put an ad out on craig's list to get people or do they have to be part of my company? >> no, part of your company. there is security issues. there is license issues. passport issues, visa issues. you're the lead passenger. liz: where are people flying? you've got a lot of customers now. where are they going? >> really global trade which is driving our business. or origins as you know are in europe. we conquered asia, middle east, into africa. a year ago we started here in the united states. it was u.s. corporations, really, who demanded from us,
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thomas, give me one worldwide solution. all my aircraft, are absolutely identical. they're brand knew. based in hong kong, europe, africa, middle east and now here. david: but i understand the new york to london flight is more popular than any others, is that right? >> there is u.s. to britain, is the most popular route we're having as international flights. i want to share a couple of statistics. david: please. >> we did 12,000 international flights in 2014. up 28% over 2013. i flew more than 30,000 passengers. what is most significant, the traffic arriving in the u.s. and departing the u.s. is up more than 40% in 2014. liz: so this is breaking news here. i mean you have some unbelievable numbers. which number that has just come out means the most to you? >> i think, the number which means the most to you, i have not shared with you yet. it is that 60% plus, of our new
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clients, are coming through referral. and that means, we're hopefully doing something very, very good with our existing customer base. they recommending us. david: referral is so good, do you need to advertise? >> exactly. advertising, i believe, in every city which we are going into we should know the people who need our services. that is what we, we do static displays. we showcase, demonstrate our product and being taken up on a global basis. david: by the way, liz and i will poll the crew here. it was 14 degrees in manhattan. we want a flight from new york to miami. right now. right now. just for a long weekend. liz: great to see you. could an gratlations. -- congratulations. vista jet. >> thank you so much. david: google considers the way they deliver your searches. already stirring thing up. coming up we'll tell you why this thing is so controversial.
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>> coming up on my show at top of the hour. turbotax is under fire after whistle-blower said it is allowing criminals to steal people's tax refunds. that is just one of the big stories coming up on "the willis report" in just a few minutes. 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. invest with confidence. "what is it that we can do that is impactful?"
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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.
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is it a rash or chicken pox? i don't know. google it. liz: google it. that is the terms millions of us use nearly every day. using a big change how it gives answer to those questions. david: could google's opinions affect your searches? doug kennedy with all the details. doug? >> liz, david, they say you are entitled to your own opinion but you are not entitled to your own facts. it's a concept not everyone is comfortable with. let the public decide what is the truth. mark runs an anti-global warming blog he says clears the pollution on climate science. >> your job constantly requires questioning facts from scientists around the world? >> yes. we collect, consensus busters. because they are so often wrong. >> exactly why he is worried about a new research proposal at
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google. to rank websites based on their so-called truthful in he's. >> they will basically say truth is what a government agency says it is. >> currently google uses website popularity as the main criteria for how to rank searches. >> you got to go out there in the field. >> it's a method nomi says of the accountability project leads to false but popular facts, getting big play on the internet. >> more often than not, what is popular is drowning out the facts. it is drowning out real journalism. >> as part of its research google says it create ad knowledge vault which it describes as hundreds of thousands of commonly believed facts. the proposed ranking method would lower the search results for websites that get these facts wrong. like palm born in kenya. or -- like obama born in kenya or conspiracies on the moon landing. >> the eagle has landed.
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>> global warming deniers constantly believe facts that are wrong. >> global warming deniers are not scientists and journalists. scientists an journalists are trained to support facts. >> google and other bloggers say you're the problem because you're not trained to distinct fact and fiction. >> we're voice of scientists speaking out against the so-called con send. >> -- consensus. >> google spokesperson says it proposal is research and no plan timely meant the knowledge vault. back to you, david and liz. david: doug kennedy, thank you very much. so interesting. liz: we're still googling everything. david: if you google the markets you find disappointing figures. the market took one heck after hit. the dow jones industrials down almost 300 points. nasdaq well below the 5,000 level hit earlier in the week. >> maybe over the weekend people will realize it was a good jobs
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number. david: who knows. who knows. we have big news on monday. apple will unveil it is new watch. will people trade these in for the new model? liz: jo ling kent live on the scene. she will report it for you. david: "the willis report" is next. >> hello, everybody i'm gerri willis, this is "the willis report," the show where consumers are our business signs the labor market is improving. unemployment rate falls to 5.5%. new post recession low. >> report does exceed expectations. shows the economy added nearly 300,000 jobs last month. economists say americans pay is growing too slowly. gerri: what is happening to millions of americans looking for good-paying jobs? consumers ripped off. people having refunds stolen and turbotax is accused of making it easy for criminals to do it. we'll investigate. new report says apple pay is making credit card fraud a breeze. >> data stolen from the recent hack that retailers including

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