tv After the Bell FOX Business March 16, 2015 4:00pm-5:01pm EDT
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performer on the dow jones industrial average. [closing bell ringing] down 4%. nowhere near enough to cause a dent in the green, just a few days, david, one day before? david: two days i believe. liz: st. patrick's day. david: before st. patrick's day. thought you were talking about the fed. the fed's meeting is what is on everybody's mind. as soon as we got economic data, okay they will leave the word patience in there. put off a rate hike past the summer. that sent all the markets in ihe plus category. worst performer, actually wasn't so bad, it was up .6, was russell 2000. this primary big stocks. even big oil stocks, on a day when oil was down, most of them were up as well. the big stocks took a huge gain from the news that perhaps, the fed would put off a rate hike. liz: that is always the question. but the answer today, as you made money if you're in stocks. "after the bell" starts right now.
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let's break down the moves and spin it forward, in today's market rally. john trainer, peoples united bank says the fed is in a rip van winkle quandary. he is going to explain and tell you how to play it. drew kanaly, of kanaly trust, says the next big word for the fed is mindful. dan stesich in the the pits of cme. dan, let me throw to you first. nice move for equities. no, no question about it but is there another downward move? we're seeing up double-digit percentages, up down, up down. what happens tomorrow? >> well, i don't know. i hope, because my head is getting tired of going back and forth. but reality, david had mentioned earlier that the fed might keep patience in there but prior to that the chinese government also pledged its efforts to bolster their economy. so the markets looking forward to the wednesday announcement to see the patience number.
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if that patience stays in there, you probably see continuation of this. which you know, i don't know whether or not that is good. means our economy isn't doing strong enough for them to start pulling the plug on the thing. if they do take it out, i think you have a pretty massive downturn but it will be an opportunity to get long some stocks. until we see these numbers come out we've got to wait. david: gotcha. drew, should i prepare my 401(k) -- i've been wondering about the 401(k). i have had it in the same kind of program for about a year now. should i begin to prepare that for a rate hike? >> well, so, what the fed doesn't want to sell you is, that they're taking the punchbowl away, right? but they do want to signal a change in the party. so back in october they told you the fritos are steal and they will end qe, right? david: right. >> this time around they will remove the word patience. david: right. drew, we get all that. drew, we don't have much time. get right to the point. i have a 401(k). should i change my 401(k) in
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expectations of a rate hike, if so how? >> i wouldn't change it anymore than slowing down your bond purchases and focus on diversifying both internationally and small cap. growth will be the story in the second half of this year. it is not a value play in the stock market. it will be a growth play. so those would be the two small changes i would make in your 401(k). david: gotcha. liz: that is such a good question, let's ask mike because i bet he would like to weigh in on that. do you feel there should be any changes made. i'm sorry. john. john treanor, let me ask you that question? >> actually, if you have your 401(k), equities have done very well. so you're probably overweighted in equities right now. number one, make sure you're comfortable with your allocation but i would agree with what drew said. we like equities better than bonds. be careful that those mutual funds that you had did very well, you might have had money in a reit fund or income oriented fund, be careful. we think those could
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underperform. liz: do you think, now that you bring that up, do you think that a bond correction is coming, john? >> you know, we think there will be a bond correction but it is really more a bond underperformance. a bond correction would be a severe decline. we don't see the fed raising rates dramatically, that would cause a big price decline but more bond underperformance we're worried about. david: dan, there is a question that's been haunting traders for a long time now, whether the economy will get up to the same speed as the market or whether the market has gone way far ahead than where the economy is. any way of telling right now? >> it's hard right now. you know i think we're seeing kind of a repeat what we saw last year. the first quarter of this economy, the weather in the northeast in particular, in even in the midwest was pretty brutal. not like we had last year. tough wonder we'll see a repeat and bad first quarter and good second and third quarter. so answer your question i think
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markets have overachieved right now but i do believe the economy will catch up but not until the second or third quarter. liz: we got you guys here. tell us what hasn't overachieved? where is there still room to run? drew, you look at names all day long. give us names that you feel have opportunity to see growth even though we have a market that is nearly fully valued? >> one thing i featured the insignia macro fund that song maaed opportunity out there in mutual fund. they have been riding the dollar play, shorting oil here recently. so they have the ability to ride both those trends on the flipside when the dollar flips and oil turns around. so this is a nice alternative space investment for folks that is neither fixed income nor equity that would be a place i would focus. liz: that basically indicates you and this fund believe that oil will continue to go down and the dollar continues to go up, right? >> in the near term, in the near term absolutely, that is going to be the case, but longer term, this fund has the capacity to reverse those two trades and
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ride the trend the other direction. david: john, i'm going to bring it back to the economy in general. do you think the economy is slowing up or do you think it is speeding up? >> well, you addressed that, rip van winkle thesis we've been talking about with our clients. in march of '09, oil was in the 40s, fed had rates at zero. march of '15, oil in the 40s, rates at zero. the economy is muddling along. if you look at average hourly earnings, only up 1.6% at the last report. so the economy is growing but we think it is muddling along and janet yellen really has a problem. if you look at the economic numbers, she should not be raising rates right now. liz: yeah. there are some people like warren buffett and jack welch believe that others think they should have done it yesterday. our thanks to john treanor, drew kanaly, dan stesich. we appreciate it you guys. >> thank you. david: an eccentric heir to one of the world's richest real estate empires is now in jail
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after spending years dodging responsible that he was responsible for three separate murder including his first wife's. the arrest took place after he seemingly confessed to the murders wearing an open microphone. will justice finally be served? joining me is judge andrew napolitano, fox news senior judicial analyst. judge, i mentioned this is a very rich guy, comes from a very rich family. there is a question of whether somebody who doesn't have access to his wealth would have been able to avoid justice for as long as he has. you think that is possible? >> yes and no, if i may. he has not been charged with this crime and wasn't even arrested for it until after the hbo series aired last night. so it is not that he used sophisticated counsel to avoid the charges. the government just concluded it didn't have enough evidence there. however his lawyer is the fame must dick deguerin, who defended roger clemens and defended tom delay. he is a craftsman in the
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courtroom, a master show man and doesn't come cheap. david: money helps you get the best defense. also gets you the ability to move around in ways that might help you as well. i mean this guy moved around quite a bit in order to evade justice many times. >> government claims he was about to get on a flight to cuba where of course he would have been impossible for the government to reach him in a reasonable period of time. but i will tell you from my years on the bench, some public defenders who are paid about $50 an hour by the government, to defend indigent criminal defendants, are superb in the courtroom because that is all they do. david: now, doug, judge jeanine pirro has said on fox news today that in fact she thinks this might be admissible, this, information that he gave out, he divulged when he thought he was by himself but he knew he had a microphone on. she thinks that is admissible in court. do you? >> she snows the facts in this case far better than i. she was in fact one of the
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prosecutors that pursued him in her prior career. but i would suggest that this is not a confession. a confession gives a who, what, when, where, how and why. this is the rumblings of a madman, if you will. and in the bathroom of his home, even though he was hot-wired, you and have been hot-wired and we sometimes forget the microphone is on, he had highest expectation of privacy. so his lawyers will argue, he expected privacy. you can't hold it against him. david: privacy, when you know that, i could understand if it was a hidden microphone but he knew he had a mic on. >> if he had a normal brain you could argue he knew he had a mic on. this is truly a madman in light of his behavior both financially and criminally in the past. david: you and i talked in the past, there were a number of supposed mad men, i think of the chin, what was his film. >> vincent cihgante. david: he was a mafioso used to
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walk around in a bathrobe. he was mumbling all the time. eventually he went to court. we don't care if you have outward display of being an idiot we have evidence to convict you. >> they had tapes that he was normal. they argued to the jury that it was a fraud. mr. durst, who probably is guilty of all three of these murders, even though he only been charged with one, in the one in which he admitted cutting up his roommate, dismembering body -- david: says he was covered in blood. he admitted that. >> he with stood four days of cross-examination in texas, a state where the government almost always wins in murder prosecutions and that jury found him not guilty. david: all right. law enforcement has known about this tape for a long time now. i think it was taped originally couple years ago. >> yes. david: yet they waited for weekend, the very weekend that it was aired to arrest the guy. why? >> i don't know why but a
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terrible mistake that they made. because the first thing mr. deguerin will ask for when his client gets to los angeles is bail. the government will say, he is a danger to society. he killed all these people. we can't let him out. deguerin will say, wait a minute you knew for two years about this tape and you didn't pick him up. you dramatically waited until it was aired on television. if he was a danger to society because you let him be a tanker to society. the judge will have to call. david: judge, sounds like you say he will get off? >> i don't know that he will get off but i don't think this mumbling in the bathroom is the glee that law enforcement today believes it is. it is another little piece in the puzzle that will help them convict him but i don't like think it is, it's the surety of conviction that they were hoping for. david: he didn't have his tens or hundreds of millions of dollars you think he would be in jail right now? >> he wouldn't have deguerin. he would have somebody else but that will certainly help him, that kind of money, to be able to buy that kind of professional
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guidance. david: judge andrew, napolitano. thank you very much. liz? liz: dave, gold's glitter has not attracted the attention of money managers. they are selling the commodity in droves. should you follow the herd or snap up some of the yellow metal? we'll debate that. david: a huge breakthrough in the medicine world affecting millions. a new class of drug, not only lowers cholesterol, the bad type but may reduce the risk of heart attacks and strokes and avoid the symptoms of the statins. if you're worried about the statins, you want to hear about this. >> don't have to be a basketball player to score big during march madness. our madness will dive into their march madness money-making stocks, straight ahead. stay tuned. ♪ the real question that needs to be asked is "what is it that we can do that is impactful?" what the cloud enables is computing to empower cancer researchers.
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here. what is the headline? you take it just once every couple of weeks and it will bring down the rick of heart disease, or does it eliminate those problems that we've seen with past statins? >> what we're really excited about what we're developing with prulent with patients high-risk for heart attacks due to their high levels of cholesterol, the bad cholesterol, lll. we've have seen tremendous ability of it to decrease the bad cholesterol in our patient who is are high-risk over the course of long-term trials. so together with our partners at regeneron, we're really excited about think, now my father, i guess he uses lipitor, he has bad knees and apparently lipitor, one of the problems with the statins, they hit you in the joints that is not a good thing. would your drug, would this particular drug have fewer of those kind of bad side-effects than the traditional statins. >> we've specifically studied that type of patient in our
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study we called alternative. for patients who have not been previously been able to tolerate statins, we've been able to show that patients are able to have fewer muscle events when they're able, when they're treated with it instead after rechallenge with a drug like lipitor. david: the answer is question, they have fewer side-effects that than traditional statins? >> we've seen fewer side-effects than people using previous statins there. we've send well-come tolerated after the program. >> doctor, when i get home i want to eat cheese, you name it, i want to eat it. if i take this drug can i then eat foods i know are not good for my cholesterol? >> no. the first thing you need to do is actually be on a good diet, i'm sorry. the mainstay as we know has been
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statins. that has done a tremendous job for so many of our patients. but for the patients who need more than statins, to the patients with genetic forms of high cholesterol, people who have had heart attacks, people who can't take statins, remaining high-risk due to the high level of bad cholesterol, you need something more. this is going to be a really exciting promise for them. david: now, doctor, i know you're going to hate this but there are new studies out there, which, showed that we overestimated the benefits of low cholesterol and perhaps, have underestimated the side-effects of taking the drugs to deal with that. what do you think of these studies? >> what we've seen over the course of all of the studies, lowering lll, the bad cholesterol, reduces the incidents of cardiovascular disease and reduces cardiovascular events. david: has there been too much hype about cholesterol as kind of, you know, lowering cholesterol, that is the
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solution to all of your problems? >> well, part of the solution to reducing heart attacks, we know is to reduce your cholesterol. that's why we're really excited about what proluent can do to lower bad cholesterol in the patients that who remain at high-risk for cardiovascular disease. very exciting about our opportunity here for our patients. >> supposedly it will be on the shelf soon or at least variable for patients. thank you so much, doctor. we appreciate it. >> thank you very much. >> thank you very much. liz: dr. jay he had dell berg, who i still hate because i can't eat cheese. david: you have to watch what you eat still. liz: very -- we're about to enter the busy spring home buying season. homebuilders losing confidence. not suddenly, a third month in a row. is it a head fake? are housing sales about to release like a tightly-wound spring or fall flat in the warmer temperatures? david: speaking of weather, hard to believe boston got even more snow over the weekend, smashing the record for the worst winter
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david: yes, even more snow fell on boston this weekend. enough to make it the snowiest season on record in that city. the winter city was hit with a total of 108.6 inches of snow, a full inch more than the previous record that was set in the winter of 1995 through '96. snow related shut downs of roads and transportation could cost the state a total of $265 million a day. the city could also lose $200 million in wages and salaries but it is not over yet. forecasters say there is still plenty of time for even more snow in march. sorry, folks. liz: you know what was happening because of all of that snow? home building not really happening. shows up in the homebuilder
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sentiment number. robert durst, the commodity crunch and march madness bets are fodder for the superhot panel today. with us, veronica daguerre from the "wall street journal," steven lieb from the lieb group and our own cheryl casone. start with the homebuilder confidence number, gang. it fell in march but for the third time, third month in a row. is this just a head fake pushed along by bad weather or are we about to see snapping after tightly-wound spring releasing it or further melt down of confidence? veronica, this is a tough one. weather is sort of a ringer so to speak here. >> right it, was a tough one. really tough winter, real little cold, suppressed a lot of people's appetites for new homes and builders appetites for building. that said, it is not always predictive. we'll see what happens going forward. one of the things they did mention in this report was that the entire lending standards. that is plaguing a lot of new buyers to the market especially
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millenials. you might have low interest rates but if you can't qualify for a mortgage, those low interest rates aren't going to help you. liz: but, steven, you start to show a house in the spring, the sun is shining, better view from windows, boom, will we see a tightly-wound spring maybe snap and suddenly we'll see better sentiment here? >> liz, i think hopefully. one factor that people are overlooking we've had a major tax cut on top of everything else in the form of dramatically lower oil prices. to see no activity following that, it is not just housing. it is also factory production. it is also consumer spending. it is also wages. et cetera, kind of across the board, data has been slightly disappointing. now it could be the weather. but again, what those dramatically, you know, dramatically lower oil prices would you expect at least some spring, if we don't get spring in the spring, i would really be worried. liz: cheryl, this is your bailiwick. what are you expecting? suddenly april showers bring
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mayflowers and maybe may buyers? >> i really don't buy the weather argument as much as i buy what is going on with this particular index over the last six months. we've seen a lot of weakness with nahb. part of that is lending standards, veronica mentioned that. that is a piece of the puzzle. low wages for millennial homebuyers. baby boomer has to sell their standard home, the home they raised their children in, to get out. got labor shortage. that is something builders have been all talking to me about. they have a major labor shortage. a lot of these laborers, plumbers, electricians, they found other lines of work when the housing crisis began in 2008 and 2009. you have a lot of lag time to get the projects up. that is pushing prices higher. liz: that was always a risk. some people look at their homes as gold. let's talk gold. hedge funds dumping gold at fastest pace in more than four months. oil, you were talking about this, steven, oil dropping to
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the lowest level in six years. should you follow the herd? when do we see the bottom, steven? you have written books on this stuff. is now the time to buy oil or look out below!? >> all right i think the risk in gold and oil is diminimous. it is diminimous how far they can go down. maybe 5% for gold. oil there is cries of $20. if it ever got there would last for five minutes. i think upside in both these commodities far dwarfs the downside as you look out past 2016, 2017. gold, gold correlates would be my number one recommendation. this is very tough world we're in, liz. you've got to have, to be prepared for the dollar losing its reserve currency status. china and -- liz: one bad day. dollar has one bad day today, cheryl. look, people five months ago when oil was about 58, oh, buy
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now, this is it. now look where it is, 43 buck. >> i don't think anybody should be calling bottom on oil or gold, particularly with gold. gold is nice safe haven play. dollar story affecting both of these commodities. until we get more, some numbers coming in from opec to see what is going on with the russians. liz: steven say, i'm not calling bottom. i'm saying it is value. veronica, if you had to buy one or other, oil or fold, what do you pick up? >> if you're an individual investor i would be cautious on both because i think we'll see more volatility. we don't know what the bottom is. we can count on more volatility especially as the dollar strengthen. >> i will promise everybody if anybody catches the bottom on either oil or gold it is blind luck. that is why i say, both are likely to go down over the near term but if you're looking three, four, five years out in your ire remarks you better have a big position in both these commodities especially gold. liz: we like a position that you take. listen, saying sugar and coffee
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are pretty cheap too. coming up how will the arrest of millionaire robert durst impact his family's multibillion-dollar real estate company? as march madness gets underway this week, which company or companies will get a big boost from the tournament? the panel is coming back. dave? david: never discount the value of blind luck, steve, never, never. a year ago we brought you two men behind a startup that is aiming to create 52 new businesses in just one year. that is one business a week. did they do it? we'll check in with the two serial entrepreneurs next. are you looking to buy a new car? a brand new report giving us a list of cars with the potential to become future classics. we'll tell you who tops that list this year, coming up. speaking of cars, we'll talk with a company executive who says they're bringing us a lot closer to a flying car. we'll show you the pictures coming right up. in my world, wall isn't a street.
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"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. 96% of them are doing rain-fed agriculture. . they're all competing with each other; they're all making very low margins, making enough to survive, but not enough to get out of poverty. so kickstart designs low cost irrigation pumps enabling them to grow high value crops throughout the year so you can make a lot of money. it's all very well to have a whole lot of small innovations, but unless we can scale it up enough to where we are talking about millions of farmers,
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we're not going to solve their biggest challenge. this is precisely where the kind of finance that citi is giving us, is enabling us to scale up on a much more rapid pace. when we talk to the farmers and ask them what's the most important thing. first of all they say we can feed our families. secondly, we can send our children to school. it's really that first step that allows them to get out of poverty and most importantly have money left over to plan for the future they want. david: robert durst's attorney, dick deguerin who we were talking about, just released a statement regarding his client, and i quote, bob durst did not kill susan berman. we came to court in new orleans to prepared to waive extradition to get to california so this case could be tried in the course. bob durst is eager to prove his innocent after 15 years and rumor and speculation about susan berman's death.
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however the local authorities in new orleans said they may file charges in new orleans which would delate the rights of both bob durst and california to a speedy trial. we are ready to go to california and have a trial. again, so says bob durst's attorney, liz. liz: with that breaking news, we know there is no confession just yet. but, as we continue to discuss robert durst, a very hot, unbelievable story, how will his arrest impact the family's multibillion-dollar business? we are back with our panel, veronica, it's a real estate business. they also have their name slapped on the debt clock, the durst debt clock. this is a big new york name. they are by all accounts mortified by what robert durst has done or is alleged to have done. does this hurt their business? that name is not like smith or johnson. it is pretty obvious. >> right. it is a really prominent name, like you said in new york and in real estate around the country. that said, this family has been in business for over 100 years. they have a really good name.
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they have got an empire essentially. so i, i'm sure this has got to hurt them from a reputational point of view. that said, i don't think this is going to be something that brings down the business or even does significant harm to it. just as a family though, your reputation has got to hurt them. liz: cheryl, obviously his brother and his relatives are incredibly embarrassed. they obviously have pout out a statement they want this over. they are happy that, in essence they said this appears to be coming to an end. it's not. he is going to fight. >> the thing about the family to pick up what veronica was talking about, they're worth four 1/2 billion dollars. this is a manhattan story. this family has controlling interest, control 10% of world trade center. they have one bryant park, four times square. this is a family -- liz: they gave him money to walk away. gave him more than 60 million to just cut off relations with them. >> right. what i'm saying, the actual, the net worth of the family, kind of business they're in, they're
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basically dealing in skyscrapers and office, things like that. that is not like they're going and shaking hands with the tennants in some of their buildings. the family running it, next generation of children is already being killed by robert durst's brother to continue with the family name. liz: when a cold case heats up, steven, this is truly, truly unbelievable and fascinating. >> it is unbelievable. it is unbelievable it was uncovered during a documentary. but what is also uncovered, liz, the fact everybody knew the guy was nuts. this is not a new story. the durst story has been in the news for the last 20 years. the big story is no conviction. now i think that the head of the durst company, durst's younger brother, will breathe a lot easier. you know, he had hired bodyguards, my goodness. occupant of a durst building has to breathe easier. the psychopath is off the road or off the radar. liz: do a very tough segue, but i'm going to try. march madness, go for it.
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march madness gets underway this week. one of the most watched sports events in all of sporting. besides this years's tournament champion who else get as big boost from the game? chairman, there are a lot of names attached with the game. >> go with the state of arizona. my pick arizona is going to win. this year in particular i think a lot of web companies, streaming all the office pools, that are going on. of course the television networks themselves. i think this will be a record march madness as far as viewership goes. liz: steven, networks that carry it are cbs, turner, some theirs. you're looking other networks that cover sports too. >> right. fox has a sports network. and i think a lot of people will be turned into the sports networks, not just to specific games. gonzaga versus whomever, i don't even snow. most of espn, obviously has a sports network. these will benefit but so will gambling casinos. march madness is the second most
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active active gammably day, gambling period in the country. right after the super bowl. liz: veronica -- more an that super bowl. >> las vegas sands is clearly beneficiary. liz: huge, veronica. what is your best guess? nobody said nike or adidas, but i'm looking for some merchandise for the schools. >> merchandisers can also benefit but my pick might be pizza companies. pizza hut or papa john's. those companies, you're watching game. you get a little hungry. pull up the mobile phone and tap your app and order your pizza. we saw that last year. these companies benefited. we could see that again, especially they have done, both companies done a real push for mobile. liz: hey, great to see all of you. veronica dagher, steven lieb, cheryl casone. may the best team win. david? david: hottest new cars destined to become the next generation of classics. this car, you might recognize it. a powerful dodge hell cat.
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it made the list. we'll sell you -- tell you other cars that made the list. that is coming next. imagine launching a brand news business every week for a year. two young entrepreneurs announced that on our show a year ago. did they make it? the brains behind 52 businesses are here to tell us. that's next. bring us your baffling. bring us your audacious. we want your sticky notes, sketchbooks, and scribbles. let's pin 'em to the wall.
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kick 'em around. kick 'em around, see what happens. because we're in the how-do-i-get-this-startup- off-the-ground business. the taking-your-business- global-business. we're in the problem-solving business. 400,000 people - ready to help you solve problems while they're still called opportunities. from figuring it out to getting it done, we're here to help. you've been staring at that for awhile, huh? listen, td ameritrade has former floor traders to help walk you through that complex trade. so you'll be confident enough to do what you want. i'll pull up their number. blammo. let's get those guys on the horn. oooo looks like it is time to upgrade your phone, douglass. for all the confidence you need. td ameritrade. you got this.
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liz: the u.s. officially hit its debt limit today, forcing the treasury department to take a number of what it calls extraordinary measures to continue borrowing for the next several months. the congressional budget office estimates that the treasury will run out of cash in october or november. a high-profile standoff in 2011, you may remember, over the budget led to s&p downgrading u.s. credit rating for very first time. the nation's current debt stands at $18.154 trillion. david: all right. bringing it back to your home, when you want to buy a new car that will not lose a big chunk of its value after you drive off the lot, classic car insurer haggerty might have have the answer. it put out a list of top new cars that could some day turn into classics. coming in number five, dodge challenger hellcat with retro look. 707-horsepower. sticker price, $582,985.
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number four, chevrolet corvette, zo-6. call it 79,000. haggerty says a fraction of the price of competition from germany and italy. coming in number three, the chevrolet camaro see-28. that costs about 75,000. number two, bmw m-4 convertible, sticker price of 73,450. number one car haggerty says could rise in value, alfa romeo, four seat launch edition. goes from 0 to 60 in 4.1 seconds. set you back about 70,000. >> alfa romeo, haven't heard that in a while. david: love alpha romeos. liz: 52 business set stout to launch the 52 startups in one year. a start up with once a week for those that can't do the math. we're tracking 52 businesses progress. yes, it is an organization. we've been tracking them since
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april. now, did they meet their goal? oh, the answer has several points to it, david. david: essentially two guys to this. jason seidman and colin grussing. they put this together. i will announce it, if you don't mind, nice. you actually did 53. you did one better than 52 which is extraordinary. the real question how many of these businesses remain profitable or are profitable right now? >> absolutely. that's a great question. right now we're looking what we consider to be successful, profitable is, we haven't broken it down that far but they're all, they're all doing a great job. 87% of them are growing or active. so it is -- david: 87%. that's great. liz: i in of them couldn't quite make it over the year. >> absolutely. about 13% of them. funny, those were, for majority of our business. but ones we helped other people start were, they ended fast and
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didn't waste much money, if any money at all. funny enough, some of them started their pivot business while we were still working with them. david: okay. frankly i forgotten who is who there. the other guy, i want him to answer this i don't know who is jason, who is colin. >> colin here. david: what was wrong, did you notice any kind of theme with those businesses that did fail? i know it was just minority but was there common theme to the ones that didn't make it? >> so, as jason said, the biggest ones that failed, the biggest set of them failed we started ourselves. that was due to lack of time. the, as far as the other ones that we didn't start, that did fail, i mean, would i say commitment from the, from the founder and, willingness to try new things. to try project management system or to really get into social media. david: passion. what i'm hearing from you you have to have passion. something on your own you really have to put your faith, all of
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your heart and soul into? >> absolutely. liz: jason, which ones impressed you the most? is there one you look at to say, now that is our biggest winner? >> we find that impossible to do. liz: i know. they're all your children. pick your favorite. give me one that is doing really well by the numbers. >> sure. we have several. i would say that company called meusu. founder, greg, did a great job getting local community involved. they're task management and traffic delivery system. you can get them on your phone and find out where the closest person is. they will come to do whatever task or delivery you done. they hired people. they have grown. got customers. there are several other success stories but we're excited to watch them grow. david: colin, there are two ingredients to successful business. one is idea for the business and the other are the people that make the business work or don't. if you have a idea with strong people, with really committed
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people, who have the passion, can you make it? >> i would say so, yes. it, there are some, ideas that just can't make it, no matter how hard you try. but i would say it is more, more about how, what the founders are willing to put into it. >> much more likely to make it that way then if you had weak founder with a great idea. >> right. we applaud you did not 52 businesses but 53 businesses. that is hilarious. thank you so much. good luck to you guys. jason seidman, colin grizzing. come back. -- grussing. david: gentlemen, congrats. the movieback to the future depict ad future with flying cars in 2015. we ney may not quite be there yet. one company is putting us one step closer to that reality. we'll talk to them next. liz: bouncing back from friday's losses as the dollar weakened
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today. what could move your money in a big way tomorrow? we have the number one thing to watch next. >> hi, everybody, i'm gerri willis. coming up on my show at the top of the hour, a new kind of cholesterol-fighting drug. it is promising to be a break-through fighting heart disease and stroke. that is one of the new stories coming up on "the willis report" in just a few minutes.
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we are the thinkers. the job jugglers. the up all-nighters. and the ones who turn ideas into action. we've made our passions our life's work. we strive for the moments where we can say, "i did it!" ♪ we are entrepreneurs who started it all... with a signature. legalzoom has helped start over 1 million businesses, turning dreamers into business owners. and we're here to help start yours.
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david: 1985, when they made "back to the future." it featured flying cars. that was for the year 2015. liz: remember that? we may not be there yet. one company thinks they can put you in the driver's seat at least. jo ling kent covering future of technology at south by southwest conference in austin, texas. jo? >> liz, dave this, is the stuff of dreams. this is what south by southwest is about. we're talking about a fly car with aero mobile. the ceo is here. thanks so much for joining us. >> my pleasure. >> we'll show you or show our viewers what this looks like. this is the fourth generation flying car that you're working on. how does it work? >> working perfectly we'll see on video. there is nice combination of very nice-looking sporty car. two-seater. at same time small plane. can use like it on the road like a car and in the air as a plane. >> this could be coming out in
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2017 right now? >> the in planning. we're in the r&d phase. we're planning compliment of course. a big part of out business will be how to get through the regulatory, 35, which will be not so easy. because 30 five is car and plane at same time. >> never been done before probably. >> not yet. somebody must be first. we're pioneers. trying to achieve this. regarding legislation of course it is not one unique for whole globe. we have european based company we started this procedure in europe. we're going through -- >> czechoslovakia. >> we are -- faa here in the u.s. we already start to work the first steps in the direction. but the plan is 2017 will be vehicle on the market because we build it in such a way we are respecting, category of a car and a plane. >> how much will it cost? >> official price is still not
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revealed but, what i can say it will be combination of price of nice super luxury car, and small plane. definitely couple hundred thousand dollars. >> a couple hundred thousand dollars. google and other companies are working on driverless car technology. you say you will make it, once it is flying it will be autonomous, an autonomous flying car. >> i'm so happy these things are here. we're looking at driverless cars because i'm absolute lie sure that transportation is the next big thing because everything is superfast, but only data. we're stuck in traffic jams and we need to upgrade this transportation solutions. so, there is already something like that with pilots. even those these things -- >> we have that now. >> there is -- so first prototype will be based on
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driving license and pilot license. we believe that the next project sometime in the future could be something like the self-flying car. >> a self-flying car. you heard hit here on fox business first. we have the cofounder, ceo of aero mobile. liz, dave, i think this is just the beginning, ask him if it comes with a parachute? >> yeah. is there a parachute inside he would like to know? >> yes. david: there is. david: i will get one. >> we'll have -- [inaudible]. >> nothing to worry about. david: he just made a deal. just made a deal with me. thank you very much. liz: we want that, fabulous, thank you, jo. >> thank you. liz: time for number one thing to watch, todd horowitz, average options.com founder, give us something hot today for tomorrow? >> watch bonds market. go back to the jobs number. bonds got creamed. 10-year at 2.25. now all sudden we're back to
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2.10. bond traders say there will be no rate rise and no more patience in the statement. that is what markets are telling us. they are telling us they want bad news. that is the bottom line. we want bad news so the fed stays involved. david: what if you are wrong, todd? what if the fed takes out the word patience? do we see a real downward, i don't want to use the word crash but fall in the market? >> i think you see a pretty nasty selloff. if they're wrong, with, we're pricing in one heck of a move. david: just that one word, by the way, the market will turn on that one word. >> look we all know they could raise. they could say, hell with everybody, we're going to raise. they could say that. it is possible, right? i don't think so but it's possible. if they, indicate anything other than they're not doing anything, market could have a pretty steep selloff. i wouldn't be surprised. if we rally again tomorrow into this, i want to watch the what bond traders think we would have a problem. david: who would buy a bond for
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1.5 yield? >> somebody from germany. getting .32 or negative rates. liz: todd horowitz, great to see you. thank you so much. david: "the willis report" is next. hope to see you back here tomorrow. ♪ >> hello, everybody, i'm gerri willis and this is "the willis report," the show where consumers are our business. congress investigates new problems with social security. billions of dollars lost through runaway fraud and abuse. hugh hope for millions of americans at risk of heart attack and stroke. a new class of cholesterol-busting drugs is set for approval. >> now we have the data to say, yes, it lowers bad cholesterol and it decreases heart attack. gerri: also a consumers guide to ed lingo. what does all natural, cage-free, all the other labels you see at the grocery store really mean? we're live at south by southwest in austin, texas, with the latest in entertainment. >> we're
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