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tv   After the Bell  FOX Business  March 26, 2015 4:00pm-5:01pm EDT

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smoke particularly when you realize that fire officials were involved in that. they may have been inside as well. >> more than 100 firefighters have been dispatched to that fire in new york. keep an eye on that. here we go with the closing bell. another volatile day for the market. >> at least 50 times, the dow has crossed the unchanged market. up and down. of course, it started way down as a result of what was happening in the middle east. word that perhaps saudi arabia and iran coming to blow as a result of iran's actions in yemen. and saudi arabia going into yemen to try to kick the iranian backed proxies out of that country. that led oil to spike upward today and the market to go down. but the market had been improving based on how things over in the mideast were improving. it's really been a foreign policy driven market today. a lot of information including the former head of the cia is going to be joining us to assess the problems overseas. after the bell starts
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right now. ♪ daivmen >> breaking news as soon as we get it concerning the fire, concerning the president's speech and many other things. very busy news day. mark. he's not worried about the volatility derailing the bull market. it will be or not, all those walls of worry can be climbed. christian from yield shares tells us why he's looking overseas. matt from royal oak financial group is joining us as well. let's start with scott bower at the cme. i want to talk about oil. we did see a spike. over $50 a barrel. well over. if the situation in yemen does not improve overnight and tomorrow, are we looking for a further spike up? >> i don't think we're going to see a spike, david. i think much of what you saw today was a lot of
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short covering because of what happened. i think these were a lot of people that were in positions, in short positions that said, oh, no. here we go again. so i think that's what caused the majority of this spike today. in fact,, you know, we saw it this morning and really throughout the day. (?) oil really hovered, you know, pretty much at the same level all day. so i'm still betting, unless we see some other escalation of this violence, i'm actually betting we see 45 again before we see 55. you know, outside of the oil market today, the s&p market, there was not a lot of volume. not a lot of conviction in this marketplace whatsoever. >> mark, we've seen a lot of volatility today. i'm sure that means there is a lack of conviction. the vix is spiking for the fourth day in a row. that certainly has affected the markets. we're adding to more fear. where is that fear coming from? the fed, the middle east, the dollar, take your pick. >> we're in this data
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vacuum where we're not into earning season. we're a week and a half away from a jobs report. so the market is sitting here at the intersection of full valuations. seventeen times guard earnings. those estimates are marked lower. year over year earnings growth is negligent i negligibl. i think there's a none trivial chance that the fed data we have is transitory. (?) if we see better data in the second quarter, that may spook the market into thinking the fed will pull forward. we could see further turbulence in the markets. as a consequence. that's what's causing fear in the market. >> matt, big strike in interest rates. ten-year is now over 2%. i noticed in your notes you sent earlier, before it spiked that much, anything above 2% you stay in equities. well, it's above 2% on the ten-year. get out of equities? >> you know, i'm not encouraged to do that just yet. the us equity specifically is the
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place to be. the 2% yield, this could fall at any time. we need to see some consistency as this moves up. >> how long are you willing to sit with equities with the ten-year over 2%? >> if we see 2.5, 2.6, i perhaps could be pulling back. but i don't think that will happen. i think you'll see lower than 2%. we had some volatility of late. even when you look at all the news coming in, both overseas and here in the us, the dow continues to hover around the 18,000 mark. that tells me there's a real basis here. once these second quarter numbers start coming out. perhaps we do see some good economic indicators. we will continue to push higher. i think here in the united states. we are really doing well. we're just not talking about it. we need to root for the home team. we need to do that. >> we are rooting for the home team. >> but you have to be realistic. >> hey, unemployment is going down. the dollar is strengthening. we're finally empowering
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the consumer. we haven't had that power. >> no excuse to keep interest rates as low as they are if you're right. >> i don't think the interest rates will go up exponentially -- >> maybe not so. but scott bower. it is a dollar story. he's talking about the numbers will be g good for the quarter. we've seen so many estimate blowbacks -- falls, estimates have been lower. excuse me. because of the dollar. these us multinationals are telling us, the profits won't be there. how can we celebrate earnings from a quarter when you see the dollar shoot up? >> no question about it. and i think that is what the major concern of the marketplace is right now. yes, overnight we had some geopolitical concerns. that's the major concern. is what will happen with earnings season. how much further is the dollar issue going to impact earnings? you know, i'm a homer. i want to root for the cubs to win. but realistically it won't happen.
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i will still root for them. but i'm playing it cautiously. same mind-set you have to have here. >> exactly. (?) christian, i have to give you a shout-out. last place anybody wanted to invest is russia. think about all the problems. all the countries in would put russia atng the top. even above greece. you said go with russia at the end of november. the index has been up. why? >> yeah, well, i think temple ton said it best. where is the outlook most miserable? it's been in russia. down 40% the market there. contrarian pick i talked about. (?) this year, russia is up 17%. one of the best performing companies out there. rsx is the way to play it on the etf side. it's an overreaction. it recovered now. it will go against the grain a little bit and look at other countries besides the strong economic background of the us. >> christian, if you look at overseas
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opportunities. we've had a lot of analysts and traders come on and say you have to go overseas. what about other countries. what about other parts of the world that will give us the returns we're looking for this year? >> yeah, i think one of the areas to look at is emerging markets. they've been out of favor again. their pes are quite a bit lower that night us markets. and growth and earnings and revenue looks to be on the up trend. that can be an interesting area to kind of hedge some of this us equity exposure. just looking at some of the equity plays out there that might have global exposure in industries that are growing, but maybe are defensive. cyber security is an area. an etf hack that played that. we've talked about that in the past as well. david: mark, i do admire your stomach and the stomach of matt as well. you guys are willing to face these walls of worry. don't worry about it. buy on the dips. today wasn't much of a
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dip. but were you buying today if tomorrow it's down 200, three points, buy tomorrow? >> david, we are and we would. the fact of the matter is, i would welcome more selling pressure in the market. i think it would be advantageous. even if we tested the moving day average, i think it would be inviting. it would reignite energy for buying into the market. whatever catalyst it might bring to have the market sell-off by even that much is enough to derail this bull market. >> all right, guys. thank you very much for all the commentary we certainly appreciate it. matt, we'll get you on real soon. >> we owe matt one. thank you to all. i appreciate it. let's move over to oil if we can. shooting up this morning on news that the saudis are fighting iranian proxies in yemen as we are supporting iranians fighting in iraq.
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these skewed and conflicting foreign policy angles making traders nervous. likely folks at cia headquarters. former director of the central intelligence agency. james woolsey. we just had you on a couple of days ago. we have to have you back. because things are getting crazier than they were before. we're supporting with air cover iranians in iraq as the saudis are trying to take out iranian proxies in yemen. what do you make of it? >> exactly right. sometimes the enemy of my friend is my friend. sometimes my enemy and my friend's enemy, everybody is against you. and here is what we have. we have the iranians coming at us and surviving stable countries of the middle east with their proxies like the hutis and yemen and others in lebanon
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and syria and iraq. have them coming at you. also, isis. from the sunni side of the picture. and they're coming at us from a different direction. but even though they're not allied with the hutis and with the shia, they're still a very serious problem. and we are -- >> i'm sorry to interrupt. let's take the worst-case scenario. an all-out war between iran and saudi arabia. are we closer to that than we were before? is there a possibility of that happening? >> it could. i think it's unlikely. but it could. and we have got to, if that happens, we have got to help the saudis. as much as we have problems with them. their lack of democracy, treatment of women, we can't let iran control the persian gulf and eastern mediterranean. it would be a big mistake. >> whose side are we on right now?
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we asked that as far as israel is concerned. we seem closer to iran than israel in certain policies. i'm wondering, in all of what's going on in the middle east, is there any strategy that we have there at all? do you notice any kind of continuity and strategy in the mideast with the us right now? >> i can't find any continuity. it's quite the opposite. we seem to be hostile to our friends and allies like israel and welcoming to our opponents and adversaries like iran. >> well, there was just another example of that today, again, if you could forgive me for interrupting. but, in fact, the defense department a couple of weeks ago, declassified a top secret file on israel's nuclear program. now, this could be a lot of help to israel's enemies. >> yes. >> why would we do that? >> i don't know. but it was a very bad thing to do. i don't know why that decision would be made. >> and it does put israel in jeopardy, does
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it not? >> i think it does. we have also an interesting situation in the bergdahl case here, because they are trading him for five -- or they traded him for five very senior taliban terrorist leaders. and that doesn't make any sense unless you operate from the assumption that what they want to do with the administration -- what the administration wants to do is clear out guantanamo so they can close it down. so they have to stretch and release even people like these five senior terrorists that were released in exchange for bergdahl in order to clear guantanamo out and have an argument that you don't need guantanamo anymore. i think this administration often starts from what they call the narrative and works backward to what they'll do. whereas it ought to be the other way around. figure out the right thing to do and figure out how to sell it. >> there's another report today concerning the cia and the fact that the man who is
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behind getting bin laden. the man on his trail for at least nine years was fired at the cia. quite a legendary -- he wasn't exactly fired, but removed from his position as head of the counterterrorism center. >> right. >> and it seemed to be kind of a sloppy operation in which he was removed from that position. can you tell us about it? >> i don't know anything about it. it looked like he wasn't honohonored in the stepdown. he was given the opportunity to stay at a more injury position, but he chose not to. if we don't capture and interrogate (?) prisoners from al-qaeda and the rest of these groups, then killing the leaders the way the cia has been doing is really kind of our only out. as it is now, we're kind of treating them like trout.
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catch and release. and treating terrorists like trout is not a good strategy. >> yeah. very quickly. we have breaking news. the cia seems to be suffering from a morale problem because of all the hits against it. all the interface with the administration. am i correct in assuming so, i remember in the 1970s there was a church committee investigation. that ripped apart the cia. morale was bad then. it seems to be bad now. am i wrong? >> it wasn't as bad as it was in the church hearings. we all as directors get flak about one thing or another. i got flak for catching a spy. i got flak for building an average cost building. congress can get themselves up in a tizzy over all sorts of things. i don't think they're in a serious situation with the congress at this point. i think it will work out. >> we'll get beyond this. there is collateral damage along the way. james woolsey. thank you very much. >> good to be with you.
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>> once again, we'll update you. getting in new details on this building collapse and fire in lower manhattan. that coming in just moments ago. we're looking at a couple of different pictures here. obviously from the ground. we have different shots up. the new york fire department giving us an update. one person has been transported. that person in critical condition. sent to a local hospital. also, other patients are being evaluated at the scene. conadd is at the scene. new york city manhattan gas and electric supplier. (?) also, we're seeing reports right now that about 100 firefighters are either on the scene or en route to the building collapse. this is the east village. the address 125 second avenue. one building has collapsed. mixed use building. residential apartments plus some commercial space. this could be restaurants. this could be nail salons. things like that. it's a seven-alarm fire. just been upgraded to a
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seven-alarm fire. we're watching all developments coming out of lower manhattan. >> we'll give you -- keep you updated on that situation. meanwhile, a lot of other news today. busy news day. >> authorities are saying the tragic crash of the germanwings flight was deliberate. the copilot locking himself alone in the cockpit. protocol broken. could this happen on a us flight? >> also don't say we didn't warn you. new reports saying stocks are way overleveraged. because of that, they're headed for big trouble. why, and is that a proper consensus? is that right? we'll debate it with our panel. >> and htc releasing its new flagship phone today featuring, uh-oh, protection. we'll have the phone. well, you've dropped your phone. right? we'll that have new phone in the studio. also a few other gadgets with the company coming up later on the show. stay with us. you're driving along,
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>> joining us is a former us air marshal and former us marine. thank you for coming on. would any us airline would allow just one person in the cockpit at a time? any us airline? >> never. not since 9/11. not at all. >> all right. let's talk about the protocol here for the situation like this. we're learning about cockpit security more than ever before. the rules are different in europe, versus the rules in the united states. do we need to have a global security protocol for cockpits around the world for airlines around the world, in your opinion? >> well, i think at a minimum, we need to have a conversation, as always. we're definitely the country that leads from the front. and i think unfortunately, it takes an incident like this to set a standard and protocol. that will probably be in place that could have prevented this from occurring. >> picturing myself in europe and considering on flying a us carrier or european carrier knowing what i know now,
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that they can't allow one person in the cockpit, we won't allow that. i'll choose the us carrier. i imagine the power of the market will move them to change their policies pretty quick. >> absolutely. this also speaks to the american public to also remain vigilant and pay attention to what's going on in the aircraft as well. right now, we definitely don't have all the facts. maybe as to what actually happened. we'll probably learn more as the investigation continues. but it's a very unfortunate thing possibly that could have been prevented had different protocols or procedures been in place. >> also what we learned as well, as far as pilots go in psychological testing. they're tested when they're hired. that's the last time, except for th in the case of this copilot. normally there's a psych test when you're hired as a pilot. that's it. this is not the first instance we're seeing. i'm thinking of egypt where we saw a pilot do
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a suicide mission with passengers on board. is that something we need to look at closer. >> again, i would speak to our domain where it's strong and secure. we have an excellent pilot program. they make sure they have the right people flying with the right attitude. so we don't have any concerns here. as to how folks handle it abroad, overseas, what have you, we don't have much to say. we can hope they follow suit. as far as a universal actual program, not sure it will happen. i definitely think they will lean to us to get assistance. >> tell us about your former job as an air marshal. i'm wondering if they have different protocol about people in a cockpit. dedoo we have more air marshals flying on our jets than in europe? >> again, that's a sensitive answer. some other countries have security programs
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in place. not sure if they call them air marshals. we have received them. and possibly trained with them. as far as the number, i won't speak to that. >> as far as your experience, i'm surprised to see it's a very low percentage of flights that have air marshals on board. why have we seen a decrease since 9/11 in that protocol? >> say that one more time. >> we've seen a decrease in the amount of air marshals that are flying. it used to be more common. air marshals aren't on that many flights anymore in the u.s. it's low percentage. why? >> well, i guess my first question would be, would be back to you, to ask, where did you get that information from? that's a sensitive item that i can't speak of. i'm not sure if it's increased or decreased. but i know they're out there. >> as a result of what's going on, the situation in the middle east is getting crazier and crazier. we talked about it with the head of the cia a moment ago. will we have to get
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through a do a wholesale change of our procedures now? >> i don't think so. again, i think our nation's aviation security domain is strong and secure. i think we continue to operate the we do. remain vigilant both flight crew and passengers. and i think we'll be just fine. >> thank you very much for your fine, sir. >> thank you, sir. appreciate it. >> thank you. >> big morning for wall street. stocks are dangerously overpriced. overleveraged and headed for a big correction. we'll debate that next. >> class of 2015. a list of states providing college graduates with the best odds of landing a job. where to look coming up. >> the administration one said he served with honor and distinction. talking about this guy. now charged with desertion after trading five taliban leaders for his release. who could take the fall for all this?
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>> and phylum for a look at market drivers. all three indices ending the day lower. (?) utilities was today's worst performing sector. americans filing for first time unemployment benefits fell to a five-week low. it dropped 9,000. oil rallying 4.5%. crude at the end of the day 53 a barrel. big jump. >> we end with oil. let's continue to talk about oil. is fear of a mideast breakdown spooking the stock market. let's bring in sabrina executive director at the independent women's forum. rob frost. and adam shapiro and panel. i have to let you know. the president is speaking at birmingham, alabama. maybe we can take a side panel. going through one of these long
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introductions. he's still involved in the introductions right now. as soon as he talks about today's news events, we may cut to that. adam shapiro, what about the market? what is going on today? is it all about the mideast? >> today is all about the mideast. tomorrow it will be about something other. because investors are just nervous. we've had a good run. 5-plus years. whether it's 10% or 20%, people are looking for a correction. people feel good times can't last forever. >> sabrina, we have this situation where saudi arabia, i mean, the center, the mother lode of oil in the world is taking aim at some of iranians proxies down in yemen. if the iranians get ticked off about that, they may do something to saudi arabia. that could change everything. >> right. and there's reason to be concerned about any of this strife, david.
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4 million barrels of oil passes through that area a day. any kind of -- brent crude up $2.62. west texas crude went up a dollar 62 higher. we did see an impact. the important thing to remember is how important us production is right now. things could be a lot worse if things weren't going well here at home. >> saudi production is paramount, making the price of oil something traders trade on, 9 million barrels a day. produce that much. nine to 10 million barrels a day. if they're concentrate odd foreign policy issues, particularly using military force against yemen, they may have to close down wells. >> potentially they could. i think it's sort of ironic here we are trying to do with all our oil. overseas we're having serious problems. the middle east has issues. this is another serious
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squirmish. it could be. when you can't get oil from the persian gulf to the suez canal. that's a serious problem. if saudi arabia has to pull back, it could be interesting to see where oil prices could go from here. >> what are the traders saying right now, adam? are they predicting a shoot-up in prices, or what? >> some analysts are expecting the oil prices to fall. oil trading around $20 a barrel. >> that's before saudi arabia and iran -- >> it was before the turmoil, the turmoil in the mideast. let's assume. let's look at something else. if things do stabilize in the middle east between iran and all the players, saudi arabia, yemen, egypt, if those things stabilize, what's going on with the global economy, and the citi note says the global economy won't sustain demand for oil. we've already seen it play out. we have no story capacity. we keep pumping. >> i think you're right on the mark with that. the desertion charges
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against bowe bergdahl stand in sharp contrast to the administration's glowing comments about them. whose actions caused the death of his colleagues. will this scandal rub off on the president's party. there was no negotiation between the taliban and the administration on the release of those five terrorists. these were fi commanders in the taliban. they just demanded it, and we gave them. >> yeah, i think this absolutely will have an impact from a political standpoint. as you were talking about a minute ago, foreign policy is rubbing off on the markets today. will continue to do so. one of the big problems, we have an administration, as ambassador woolsey was saying, doesn't have a clear policy. one day here, one day there. the bergdahl scandal puts it in sharp relief. this is a president who do not understand the threat we're up against or how to counter it. >> adam, how does this rub off on the economy itself, if at all?
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>> i don't think it would rub off on the economy. but i think a lot of people, it's almost like jimmy carter with the mamalaise speech years and years ago. where do we stand as a nation? what is our foreign policy? we're playing both sides of something no one understands. >> we had the cia director on, rob, i asked him whether he saw any consistency with the foreign policy, particularly to the mideast. he said no. that has to eventually have an effect on economies. >> yeah. >> well, clearly there isn't any consistency. but to just to agree with adam. i agree. i don't think it will rub off in the economy. but it certainly will rub off on people's minds about the political environment, about the current administration. about which direction they're going. it's -- if they're not -- if investors are concerned, regardless of the economy, investors will pull out of the market. it could have an affect on the market. i don't think the economy. >> the wall street journal had an editorial
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saying if he -- if bergdahl is guilty of deserting, the white house is guilty of deserting its obligation of protecting the nation. is that going too far? >> i don't think it is at all. the president has one job, if this administration has one job, it's to keep the american people safe. not to talk about a minimum wage or impose a health care program. to keep american people safe. more vulnerable cities like washington and new york, we aren't really safe. this president isn't taking this seriously. he's more concerned with the reputation of his party and passing through big government legislation than keeping us safe. so i think it will. >> okay. gang, hang in there. pending what happens with the president's speech. we'll talk about whether the market is overleveraged. meanwhile, breaking news. >> we want to update our viewers on what's happening in lower manhattan. you're looking at pictures right now coming in of the building. firefighters more than 100 have been dispatched at least here in new york city. following social media. following reports that we're getting in.
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seven-alarm building fire and collapse in the east village. this is lower manhattan. second avenue and seventh street. 125 second avenue. reports coming in of at least two firefighters injured. we're getting this from the daily news and the new york post. the new york post, 30 people hurt. one critical, possibly two. the daily news, two firefighters have been injured. getting news that two firefighters have been injured. one of the local affiliates, wabc, part of the abc group of stations, reporting the second boom has been heard by several of the correspondents that are on the ground there at the scene. again, we have been using some of the live pictures from wabc. just wanted to give you an update on the news. several sources coming in and saying we have firefighters injured and at least 30 regular folks injured at least. we'll give you the breaking news as we can. other things we're following.
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htc has an announcement. they're getting ahead of the competitors by launching an unloved version of their newest phone. here's the question, will they be able to regain some of the mobile market share from giants like apple and samsung. could be tough. soda sales fizzling for the tenth year. find out which pop was dropped from the top spot. we'll be right back. >> send that ten times fast. >> i know.
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>> a new study by the officoffice of financial research suggesting that traders are borrowing too much money to buy stocks. it could come crashing down. is it a fair assessment? rob, it's true. the latest numbers we have, the third quarter, 2013 shows that margin debt has reached $500 billion. that is a record. it's 2% of the overall market caption. capitalization. are traders borrowing too much money to buy stocks right now? >> why would they not where interest rates are where they are. stock buyers paradise. they're taking advantage of that. whether that translates to the stock market being overpriced or not is a different issue. inaccurately, bears have been saying that this stock market -- bull
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market has been over for six straight years. they've been wrong. so i don't think that that necessarily translates into the market being overvalued. >> you're right. but adam, remember what happened with the so-called great great recession. people bought too much. when they stopped going up, everybody was caught flat-footed. it was much worse because of that all leverage. >> but it was precipitated by the fraudulent readings from the ratings agency. that's another issue. yes, companies have been borrowing very cheaply to buy stock to return money to shareholders. that's not necessarily a bad thing. but there is some concern, you know, those who have been borrowing to play -- you know, to invest and take risk and gamble. that's a different story which could come down on their heads. >> it is. i have to tell you, just like what happened with the subprimes. if all the leverage that has been used to buy these stocks. if the stocks go down in value, suddenly
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everybody is stuck with this debt that they have to pay back. that could really hurt the financial system. maybe not as bad as 2008, but maybe it is. >> well, look, david, i think the thing is, the economic recovery is still fragile. we're trying to predict when is this bull market going to turn into a bear market. but i think we have to remember and step back a moment and say, these kinds of crashes don't just happen out of thin air. it's when new information reaches investors. we have to ask, what is that new information? is it going to be bad political policies down in washington. is it something else. i feel optimistic because there's a lot of gridlock right now. i don't think it will happen overnight. >> go ahead quickly, adam. >> keep in mind some of the companies who have been borrowing at cheap rates to buyback shares, apple. so, you know -- >> well, apple is in a class by itself. we don't worry about apple. in fact, cheryl will be talking about somebody trying to compete with apple can you imagine in just a moment. great to see you all. cheryl, over to you.
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rob, adam, sabrina, thank you very much. >> all right, guys, thank you very much. one review called it beautiful, elegant, effective. the htc1. i'm holding unin my hands right now. take a look at this and this. pretty cool. right? we'll show you. they're very impressive. some new cool features. we'll talk to the company about their plans to eat away at apple's market share. we have a fun new exercise that i'm excited about. class of 2015, new report shows some states have more job openings for college grads than others. we'll have the results coming up.
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>> the smartphone market is getting a new player today. it's htc launches its brand-new htc one nine phone. it's the best looking android money can buy. jason mckenzie who brought we should say some fun props. first, let's talk about the new -- this is the actual device. let's talk about -- as i get it on. which i've already learned how to do. this is the new device. let's talk about all the things that the phone
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offers that maybe the samsung or the iphone doesn't. >> absolutely. first thing is the design. beautiful. brushed aluminum back. really like a high end watch. because you have your phone with you all the time, you want it to be nice looking. >> this is the actual case. you can kind of hit it on the top. i showed it. >> that's the award-winning case. you can get information pulled up to the front without having to open up the case. >> let's talk about what the reviews have been. basically with the m9, what they're saying is it's a beautiful android operating system. globally, though, you do want to take on samsung which is the behemoth on the global market especially in parts of asia. are you seeing traction in those markets? >> absolutely. the company overall -- this year with the m9, we're doing something different. we have to stand out. not enough to have a
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great smartphone. what more do you have for me the customer? we have been talking to thousands of customers. what are their pain points? people have a lot of accidents with their phones. >> yeah. you drop them. crack your display. 25% of people are walking around with a damaged phone. we think that's a travesty. >> we're showing the details on the protection. it replaces a phone, at least once if you damage it. >> well, 75% of people who damage their phone do it in the first year. hey, in that first year, you have a problem. we'll replace that phone free of charge. and if you don't use it, we'll give you $100 off the next htc one. >> this phone is 649. obviously i'll get a better deal with at&t or verizon. >> it's for the unlocked product you can buy at htc.com. verizon, at&t, sprint, they'll have their own
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pricings. >> i can buy best buy, costco, target. >> absolutely. >> before people know i'm obsessed with athletic things. this is your wearable device. okay. so this is monitoring my running, my calories, all that good stuff. >> absolutely. gps integrated. we partnered with under armour, a brand doing big things. htc and under armour came together to do big things. >> for the design, the back end experience, the distribution. we want to make sure this is out and available for the lifestyle supporting brands. we designed this for people who are hard-core about their fitness. we haven't announced the price. it will be available in a couple of months. >> you won't give me a hint? >> you'll be able to buy one.
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>> smooth. thank you. >> you can buy a rolls-royce. >> right. have we met? >> listen up class of 2015, up next, the states with the most and the fewest job openings for college graduates. ♪ >> hi, everybody, i'm gerri willis. coming up on my show at the top of the hour. the very latest developments on the plane crash from france. do airlines need to rethink how they monitor and train pilots? that's one of the big stories coming up on the willis report in just a few minutes.
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♪ david: a major shake-up in the soda industry. pepsi surpasses diet coke to become the number two soda brand in the united states. behind coca-cola. diet coke. the volume fell 6.6% last year. according to the beverage digest as more americans ditch diet drinks over concerns about the artificial 0-calorie sweeteners. all the stuff that goes into making it sweet. coca-cola held on to its position. accounting for 76% of the market. soda drinking did decline falling 1%. >> well, college kids and parents, we rank the -- for college graduates. it ranks the states with the most job openings for these grads. the top at the list, massachusetts and delaware and washington
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state. on the flip side, west virginia, rhode island, south carolina, do provide students with the worst odds, based on job openings in the 50 states, college educated workers have the best in finding it in it. and health care professional occupations. you can find the full list of professions and states at facebook.com/afterthebell facebook.com/afterthebel l. >> okay. and, you know, people say we focus too much on the bad news. here's a focus on the good news. pope francis adding another stop to his upcoming tour. he'll visit the white house on september 23rd. if anyplace needs a blessing, that's the place. it will only be the third time that a pontiff has visited the white house. and the first one since president bush invited pope benedict. seven years ago. they will talk about a range of issues including protecting religious freedom around the world, president obama and pope francis.
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the two met at the vatican last year. pope francis will be making stop in philadelphia and new york. specifically, he'll be going to the un during his visit to new york. >> we want to give you one final update on what we've been following on downtown manhattan. live pictures of a building collapse. in east village new york. seven-alarm building fire. new numbers from the new york fire department. these numbers will change. twelve total civilians have been injured. three are critical and taken to area hospitals. one patient is at bellevue. that cannot confirm any injuries of firefighters. the new york daily news had an early report that two firefighters were injured. up to 30 hurt. >> i want to mention, we had, and you might hear it here for gerri willis who is coming next. we had an alert in this building. forty blocks away from where the fire is, that smoke has entered our building. so even in midtown manhattan, we are being
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affected by that fire such as the size of that fire. so it is affecting a broad swath of new york right now. >> well, you have con ed on the scene and, of course, new york's finest. we'll keep you updated on fox business. right now the willis report. >> hello, everyone. i'm gerri willis. this is the willis report. the show where consumers are our business. dramatic new details in the crash of a jet in the french alps. the 28-year-old copilot blamed for the disaster. >> the copilot intentionally crashed the plane. the fbi now aiding in the investigation. >> do airlines need a full review of pilot monitoring and training? saudi led forces bombed forces in yemen. iran warns of chaos in the middle east. oil prices surge on the news. federal government takes aim at e-cigarettes. the first ever ad campaign against statutorvaping.

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