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tv   After the Bell  FOX Business  May 1, 2015 4:00pm-5:01pm EDT

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but for the week most of them have down arrows. >> all right. the bells are ringing, nicole. we lost nearly 200 points on the dow yesterday. we nearly made it up today. the dow up as we head to the bell. 178 points. let's take a look at how we're doing. as we said, the dow down 1% yesterday. same story on the s&p. the nasdaq, yesterday down 1.5%. nice turnaround. dow up 170 points. the s&p up 1%. the nasdaq up one and a quarter percent. so scalin giving back what we lost. russell up eight points. not a bad way to kick off the month of may "after the bell" starts right now. ♪ >> we have a jam-packed show for you today. i'm not lying. it is true. we'll talk to the ceo of
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imax about the avengers movie. big speculation over who is interested in buying the old gray lady. the new york times and a new test may be able to predict if you'll get cancer. first, we head back to liz claman live at the berkshire hathaway shareholder meeting. liz, take it away. liz: well, big speculation here about what warren buffett will say when he takes the stage at the annual berkshire hathaway shareholder meeting. the world's third richest man. completely self-made. now a ketchup and mustard after him. he bought into heinz the past year. clearly this has been a very interesting way that he's morphed this business. coming up in the next hour, he's bought many different consumer businesses. but we're talking with the brand-new ceo of what was known as van tiles automotives. the nation's biggest privately owned dealership for private names. (?) we have jeff, the
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brand-new ceo. we'll be speaking with him about what is now considered the berkshire hathaway automotive group. they'll be buying up a bunch of those. kathy ireland. the supermodel and super mogul. one of the most valuable brands in the world according to a lot of brand masters. she sells her furnishings through nebraska furniture mart. how did she become pals with buffett? plus, the man that everyone wants to talk to because he sells the best peanut brittle. the ceo of the one company that buffett bought many, many years ago and used all the money it made to make other acquisitions. brad of see's coming up. (?) i'll save you some ketchup and mustard. >> peanut brittle. thank you very much. that's what i call a show. now, to this week's market action. ud change of ace investment strategists
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who tells us, should you sell in may and go away? not on today's records. horton investment management three ways to make money in the rising rate environment. and dan is joining us from the cme. and let's start with right there, dan. we have the markets rebounding nicely today, but perhaps the volume doesn't come close to matching yesterday's. does that mean the lack of conviction on the part of the bulls, do you think? >> i certainly think there's a lack of conviction both ways in this market. you talked about selling in may, go away. i have a good "ouija" board to help them too. if you use that strategy, you would have lost money. (?) if you have done 17 of the last 20 years, if you used it, you would have lost money. we need to pay attention to fundamentals. the first quarter we know, it was awful. looking forward, we have a lot of data next week. we have ism manufacturing.
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nonmanufacturing. and we also have the employment numbers on friday. that's what i'll focus on. that's what the fed will probably focus on. conviction not here right now. if we get good numbers, it will come back. if we get bad numbers, i think you'll see this market move down. >> interesting. let's go to ud chang. you heard what dan said. if you sold in may, you lost money if you followed this strategy. >> i agree with him. if you look at the sell in may, go away. it's thit's no doubt a fact. the market tends to do not as well as the month of november through april. however, like dan was saying, over the past -- if you look at over the past 65 years for that matter, during that period, the market is up. just not as much as the other six-month period. but i think i'm using it more as a reference point telling me that the stock market at this point to me may go into a period of
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consolidation. i'm not expecting a five -- a ten, 20% correction. but i'm expecting a little back and forth in this market before it starts to go up. so rather than focusing on the overall market, i want to start pick the right sector and the right stock. i think that's what we should do in the month of may through october. >> it's hard to know what's normal these days. what's your strategy in this very volatile environment? >> well, we see a lot of opportunities. specifically a pocket of the s&p 500. namely the 50 highest paying dividend stocks of the s&p 500. which currently has a dividend rate of over 5%. when you compare that to the s&p rate, that difference of about 3% is huge. we like those high dividend paying stocks. we also like convertible bonds in this environment. where you can make money where the equities are going up.
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whether interest rates are going up. convertible bonds can carry a good coupon of three, three and a half, 4%. >> let's go back to drew very quickly before i get to the cme with dan. sorry. ud. i want to get back with you. what particular stocks do you like ud regard to your strategy? the ones i see here listed, apple, pepsi. pretty safe choices, wouldn't you say? >> yeah. i think i like the two spectrum on the market. on one hand i like the offensive stocks. the technology stocks. they have a way to go as consumer spending on technology has been strong, the corporate spending on technology -- capital spending hasn't kicked in yet. if that kicks in, it will push that sector. out of that sector, i like apple. pretty safe choice. and i think also to be a little bit more defensive, consumer staples. actually they have not been doing well for the past six months or so.
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going forward during this period of consolidation, i think the consumer staples will come back and start to do okay. >> dan, last word with you, do you see the markets picking up. when will the fed raise rates even if it's 25 basis points which is what is expected, once we get past that, can we see another leg up on the markets? >> in order to get that leg up, we need to see economic data that counters what we saw in the first quarter. if we don't see it, market is going down. if we do see it, good possibility we'll see the next leg up in the market. >> thank you so much, guys. dan. thank you for joining us this friday. we appreciate it. new developments out of baltimore today. big developments. six police officers are criminally charged in the death of freddie gray. rich edson is live with the latest on this story in washington, dc. >> well, ashley, we're in front of the cvs. this was the story from monday. although shocks of
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people looting cvs. cvs burning. now across the street that way, if you head over there, jubilation. excitement. they're excited that the indictment has come down. they hope to get justice out of this. cars are coming up and down the street as they applaud the attorney, the state's attorney in her decision to indict six of the officers and hear some sound from her press conference a while ago. >> okay. guys. we don't have that. basically she's announced that she's indicting six of the officers. we reached out to the police union to get any type of sense from them. what they have to say about all this. we talked to them yesterday about some rumors because of the way things happened over the last five days whether they had any confidence in the mayor and the police chief. they would only say that it's time to look at this when this is all over. there will be plenty of time to examine what has happened over the past few days. right now this is just
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all shaking out here, guys. we've had cars driving up and down this main drag celebrating. they're excited. we have a preacher off to the left here. we've even contacted cvs to ask them if they plan to bring this location back. plenty of folks tell us they're in a bit of a food desert. they used to come here for food. now they have nowhere to shop. plenty of concerns as they look forward to the trial of those six officers. >> rich, i know it's hard for you to hear with all the honking going on behind you. we should point out that the curfew is still in effect for the weekend, correct? >> yeah, it's still in effect. there are signs people are holding across the street saying no more curfew. every night around 10 o'clock, there are stragglers in this area and other areas who don't want to obey the curfew. that's where we've seen the confrontations over the past few days. that's essentially it. businesses are kicking everybody out at 8:30.
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9 o'clock at night. they want to get back to normal. >> rich, thank you very much. baltimore, back to liz claman. at the heart of the super bowl of business. liz, take it away. liz: yeah, either that or the woodstock of capitalism. i mean, only at this shareholder meeting does the ceo and the company make a ton of money. we're talking about millions and millions. but there's a brand-new face here. and we have himself exclusively. jeff rocker. who is now the brand-new ceo of berkshire automotive. congratulations. jeff: thank you very much, liz. thank you for having me today. liz: you were with van tile. that was the previous name. (?) buffett acquired in october. i guess the largest private car dealership company. how many dealerships do you have under your umbrella, and how many would you like in the next few years? >> we have 82 dealerships today. and, of course, the only dealerships we'd like to own are those that we don't own. [laughter] on a serious note,
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warren is a big thinker. obviously we're focused on a sensible growth strategy as we look to a bright future under the berkshire hathaway flag. >> one of the things that many of the companies that get acquired by him always tell him at least the chiefs is we like the money that comes with berkshire. meaning they'll give us money to grow and run our company the way we've been running it. are there certain car dealerships? is there a way you anticipate growing? >> certainly, again, we want to grow sensibly. we've already heard from a number of potential sellers in our industry that are attracted to the berkshire hathaway philosophy and business model. not only does berkshire berkshie give us a distinct advantage in the access to permanent capital. as you know, warren has a great history of acquiring well-run privately owned companies, often family businesses like the van tile group.
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and allowing management to continue to operate those companies with great aw autonomy. they're traict attracted to many sell -- >> you have to change it from berkshire automotive. how is the auto industry? we hear there could be 17 million in annualized sales. it seems like a healthy comeback. we talked to mike jackson of auto nation, if things continue, the second half could be 17 and a half million. what do you guys see? >> the industry dynamics are terrific. i would agree, there's a likelihood with a strong close this year that we'll see 17 million. maybe even a tick higher. >> okay. >> and so the backdrop and the dynamics are really optimistic for the rest of the year. and even beyond when you consider that we've got strong signals of consumer confidence. we continue to see
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traction in the employment environment. we've got, again, historically low interest rates. and, of course, now we're blessed with declining gasoline prices. >> yeah, how about that? >> all of those things are good for our industry. we're enjoying those tailwinds in our show today. >> what kind of car do you drive? i like to ask this. >> i drive a lot of different cars today. today i drive a toyota forerunner. all our manufacturing companies provide terrific products. i try to buy all those products. >> he shows all his kids love. jeff. in a fox business exclusive. >> thank you so much, liz. >> it's his first annual shareholder meeting as an official buffett business. guess what, our next guest coming up in a few minutes as been around the block from cover girl of sports illustrated to cover girl of fortune. the former supermodel
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now a billion dollar brand, kathy ireland. what she has to say about how she's continuing to build her furnishings to much, much more. ashley, back to you. >> liz, i drive an '88 ugo. in case you were wondering. superheroes or a princess. one company that always seems to win. imax. the stock is up 22% this year. we'll talk to the ceo about this summer's big releases and how they stand to bring in the big bucks. plus, huge speculation among wall street bankers on who could make a big bid for the new york times. here's a hint, she's a very well-known billionaire. see if you can guess. cancer up to 13 years before it appears, a new machine. the details next. ♪
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♪ >> imax shares hitting an intraday record, the same day that the verngz avengers are back. joining me for what's looking like a blockbuster year for movies is richard. thank you so much for being here. let's talk about
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avengers. showing signs of being the biggest blockbuster moneymaker in history. right? >> last night's midnight overall for the movie was around $27 million. which is up significantly from avengers one. and imax alone, the midnights were the biggest midnights we've had for quite a bit. our previous record was 2.3 million for the dark knight rises. and for the avengers 3 million. that's not a small. >> that's the good stuff. >> you get the dailies and the hourlies over the weekend. the movie is looking strong. it's a great movie. marvel has a fantastic way to market these things. if you're in the movie weekend, you have a good weekend or feel good about it. >> this looks like a good year. a lot of big movies coming out. is that right? >> yeah, we do. it started off surprisingly with "american sniper." people didn't see it coming.
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fast & furious 7. well over a billion dollars. ten tomorrowland. then jurassic world. bond. last episode of hunger games. >> all those sequels. people can't get enough of. >> i left out star wars. >> that's in december. >> this is a year you have to like the business. >> how important is the international market to you? >> in general it's important to the film business. it's also important to imax. this year, we should do two-thirds of our revenue internationally. typical exhibiters in north america, the domestic is all that counts, to an international company like imax, international is crucial. it's the difference between a mediocre year and good year. we're in 63 countries.
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our second biggest market is china. in the first quarter, we reported our results. it's the first quarter ever that china's backs office in imax was bigger than north america's box office. >> you expect that grow even more? >> in general in the chinese market, they're opening 18 screens a day. there's a joke in the industry. look at your watch to figure how much are open. they have 20,000 screens open now in china. and depending on the forecast you read. by 2018 or 2020, the total screens in china will surpass the total screens in the united states. >> are you looking for investors in china? i thought i read that somewhere. >> we're not. as a matter of fact what you may be thinking about is last year, we sold 20% of our chinese -- >> that's what it was. >> -- business to two private equity firms in china. one of them was very well-positioned within the entertainment industry. and the other was more of a financial partner. and we did that because in the long-run, we felt
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like having more chinese ownership more chinese dna, more chinese contacts would be good for the business. and so far for the last year, it's worked out well for us. >> you haven't had any problems convincing the movie goer to pay extra for the imax experience. why is that? >> because it's the best movie experience on earth. of course, i'm very objective on it. as you can guess. >> 3d blows your minds away. >> imax is both 2d and 3d. fast and furious in north america was in 2d. avengers was 3d. it doesn't matter if it's 2d or 3d as long as it's an imax is what we say. it a very immersive experience. screens have gotten bigger in the home. there are other things to do. computer. play games. when you go to the movies, if you want a wow, you get that in imax. and i think that's been the wind at our backs and provide the global momentum.
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>> things are going very well. richard, ceo of imax. continued success. >> thank you. >> thank you for being here. all right, have to tell you about this story. a breakthrough in the medical world. a new test being developed by scientists that they say can predict whether a person will develop cancer up to 13 years in the future. now, researchers discovered the tiny, but significant changes are already happening in the body more than a decade before the actual cancer is diagnosed. they say the test can predict the disease with 100 percent accuracy. all right. on the flip side of this, insurance companies have warned that such a task can push up policy premiums and people with such a diagnosis could be priced out of the insurance market. but a remarkable development in the fight against cancer. all right, we're just hours away from round one of the most hyped boxing match in years. the most hyped. how many big records can mayweather pacquiao smash?
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liz from the berkshire hathaway shareholder meeting in omaha. someone from the cover of sports illustrated to the cover of forbes. impressive, liz. >> not me. not the cover of sports illustrated. >> you can do it. >> as the crowds thicken, they definitely want to see warren buffett. there's somebody else who is almost as popular as the crowds grow behind kathy ireland. a fox business exclusive with one of the biggest sellers to the nebraska furniture market. she has her own brand of furnishings and products for toddlers and so much more. twenty-eight most popular global brands. only speaking to fox business coming up. the supermodel. super mogul. ♪
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♪ ♪
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if you can't put a feeling into words, why try? at 62,000 brush movements per minute, philips sonicare leaves your mouth with a level of clean like you've never felt before, giving you healthier gums in just two weeks. innovation and you. philips sonicare.
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. >> welcome back to omaha nebraska, the shareholder meeting, you need to be a
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shareholder to get in here, i found one of the youngest shareholder, hi, amie, how many years have you been coming? >> seven . >> you love it? >> yeah. now, get the hell out of here. i'm kidding. she's so adorable, isn't she? i've got to interview kathy ireland who sells her wears to the nebraska furniture mart. i cannot believe how successful you have become in the past what? two decades you've been working on this business. >> well, thank you, liz. we've been fortunate. we're in our 22nd year. we love what we do. >> well, you love what you do, it's a multibillion dollar business, you can see some of the furnishings she has here. what do you think makes you special? >> a great game, it's all about people ultimately, and
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the nebraska furniture mart were our first chance, so where nebraska goes, the nation goes, so i really working great people. we had our eyes on them. we've been watching them and we really wanted to have that relationship, and it's been amazing. they're great people . >> i think you caught warren's buffet's eye of course because of your beauty, but you're one tough businesswoman and very, very smart. i need our viewers to know one thing, how do you start 20 years ago selling stock, and then you just exponentially grew and now you're going into what? things for toddlers? educational -- >> educational toys for children also our personal care, skin care with stem cells, we're excited about the results and our.
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i think feeling good from the inside out is important, so sleep wear, it's important and we're so grapefruit . >> what is the number one thing you've learned about running a business from warren buffet? >> well, coming here to the shareholders meeting, what a cashier, it's a university on steroids, and first and for most, i learned that he's a competitor as you and i with a paper to say, with all my practicing, i mean i know he's going to win. he's incredible. >> she's talking about the newspaper to say because he was a newspaper delivery boy and kathy was a delivery girl . >> and you were too. >> i did have a paper route, and i can't throw a paper, but i tried. >> you're good. >> i've seen you. >> well, you and i were california girls. >> we are. >> so we never had to go through the snow and rain to see it; right? >> right. no rubber bands, but what i love experiencing the shareholders meeting with mr. buffet, a midterm learned,
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he filled those questions. they don't know what's coming at them, and the way they handle them with honest and grace and -- it's powerful. and they don't -- they never seem to tire. you can tell they love what they do. have the privilege of being interviewed by joey, she has a new book called getting there, and warren is in it as well, but it's a wealth of information in something that mr. buffet says really pay attention to the people that you surround yourself with, your mentors . >> well, you need a shining example of real success and growing a brand and keeping it wonderful. good luck to you. >> thank you so much. >> you look happy, ireland, she comes on every time in the fox business exclusive, she'll be here tomorrow in the, as will we, but the hottest is
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sees chocolates, we have the ceo coming up on the kind of business he likes to do this weekend. back to you and we'll be back in just a moment. >> from kathy island to chocolates, it doesn't get much better. you're doing a great job out there. >> you are so great. >> there you go. coming up huge buzz among wall street bankers and what billionaire maybe lining up a new bid for the new york times. on the story has the scoop. and look up in the sky it's a bird, it's a plane, no, it's jeff, he got the chance to ride in a thunderbird jet. jeff. >> i tell you what a ride, i am surrounded by america's air firepower. when we when we come back, we'll see if i survive, well, i guess i survived, but it wasn't pretty. stay tuned
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. >> boxing megamatch nearly here and fans worldwide will watch two of the world's greatest fighter go tow to tow tomorrow night. the victor will be the undisputed world champion, also very rich, thanks to the megabucks being paid out for the fight. and joining us the wall street journal celebrity business reporter, lee, thanks for joining us. so we're talking big money. how big? >> well, if they do 3 million pay per view buys, we could be
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talking about 300 million dollars in gross just from the pay per view, and that's really the wild card number. that's going to decide whether they 400 million or 500 million in total, but the key here is that may weather and pacquiao will split that money and it's 60/40 in favor of may weather, so both of these will walk away, it just depends on who buys the fight. >> why is there so much excitement in this fight? >> so much anticipation as a result of these being the top ranked fighters in this weight class and people just wanting to see them go tow to tow for five or six years now. and they've done a masterful job of keeping people excited and on the edge of the mean seats about the possibility of this fight. there's been so many times where people said, oh, it will never happen. well, of course it was going to happen. and now if they walk away from
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the situation grossing over 300 million in just pay per view, it will be one of those thing where we if he will for it . >> you met both of them. what are they like? >> floyd is a very confident young man. let's just say that. he loves to flaunt his wealth. and in person he's equally confident. and pacquiao on the other hand has a very mild humility about him, i like them both and i don't really have a pick. i think mayweather will do well, but we'll see . >> is this good for boxing, lee, i mean the sport has lost some fans over the years, and some people like the ultimate fighting contest, is this the good for boxing as a whole? >> that's a good question. this is critical for boxing winning a high profile event is going to bring in the
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younger generous, some of those who have gone to ufc. but ufc doesn't bring in the big pay per view like boxing, it's one to watch a free fight, it's another to pay $100 like many people are going to do. so boxing is very popular, we're going to bring in all these demos of these guys that have done a really good job of bringing people into the sport. so i think this will actually be a turning point positive boxing . >> very good. we're out of time. are you going to go to the fight? did you get a media pass? >> i will be covering that fight, i will be live bulldogging on wsj.com. be sure to watch. >> absolutely. lee a reporter for the wall street journal. thank you very much. whatever happens there, stays there. remember that. the u.s. air force is in texas this weekend, but our very own jeff joins us live to give us
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an inside look at some of the most advanced jets on the base, jeff. >> the pilot said what do you want your call sign to be and i said i don't know. and he said what was your mass col, i said the this is one of two bases, in texas that has the b 1. i've got a b 1 pilot here. i did this flight today and we've got pictures of me in the cockpit of a f 16. i mean it was a fun ride, but it really demonstrates the capability of all of these. >> it does. director of the open health here. we're presenting the open air power of america's air power in the force . >> how important that is. as i said the b 1 there, this base is also home to the biggest, the heavy lifting the
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c 130 all over the world. and this capability, the b 1 can fly here all over the world. the c 1 the same. and it's amazing to experience this today, amazing. >> that's right. global reach, global power, global air mobility is our mission . >> and when we talk about budget cuts out there, it's this kind of thing that goes away. >> that's correct. but we brought it back this year, it's back now to show the public to show where our equipment, and the power we have both in the air and on the ground . >> and actually i know you have been up in the f 16 also. i did not get your messages in time to have me do any good to not have a greasy breakfast. >> yeah. it's tough on the body, but i kind of like you doing that, jeff, well done. you're looking very natural in your flight suit too, jeff, thank you so much. i appreciate that. >> i wish i could keep this,
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but i can't. . >> no, you have to give it back. . >> jeff, thank you. well, one billionaire is making a bid, exclusive details not to mention and we'll head back to omaha nebraska who has a very tasty interview. coming up don't go anywhere you're driving along,
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>> lots of speculation on wall street today about a potential media deal. fox business senior is here with us about a story of a host of media buzz on the fox news channel. >> i should just pointous outta out that my sources are media banks. >> uh-huh. >> they're saying that there's lots of talk in that field that bloomberg who owns the big computer. >> uh-huh. >> and the media company expressed new interest in buying the new york times. now, we should point out that bloomberg declined to comment on this. we believe of have a comment from from the new york times, basically, saying what they've said for years, we're not for sale, but this is pretty interesting. i'm getting this from good sources. >> yeah. >> i think there is meat on the booms that bloomberg does want to buy that he's out of
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government, he's back at bloomberg, playing a very active role. >> very hands on . >> and from what i understand the management of this company , i think this is real, these are dances that mature over time, but clearly he's expressing the people that do this for a living. now, the price tag? the numbers that float around on wall street, is something like 5 billion dollars, two and a half times earnings or whatever, that's kind of on the high end, but 5 billion dollars is the number i hear. >> let me bring in howard, mr. broomberg has deep pockets, would this be a good deal for him? he just wants influence; right? more better than the north korea times. >> yeah. it's not about the money. he would love to own the new york times, but i've never seen any sign that the family is willing to sell it. now, somehow bloomberg did get ahold of this. foreman mayor would have a
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huge impact on the, he's got strong reviews from gun control, he's also a former wall street trader. >> yeah. >> and we can't under estimate that . >> but if you throw 5 billion dollars in there, the family members say wait a minute we just can't turn this down; right? >> well, that is what happened when low backberg bought the wall street journal. >> right. >> but at the same time i think that it would be cost of times located a few blocks from you on the west side of manhattan, it really helps set the agenda for television and a lot of other media outlets . >> and, you know, mike bloomberg -- here's the thing. i've watch the -- i wasn't working here at the time, i was working at cnbc, which actually broke the story, it was interested what happened. they said no. then people look at the balance sheet and, say, what are you going to do? what are you doing in the future? and i think that's probably
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his play. >> yeah. >> i'm going to put a bid out there that's not astronomical but too big to say no to. it is a big company, despite the fact the family has the controlling fairs, and at some point they have a duty to do when you see the expense line going this way, they have the chance to sell to someone with deeper pocketors pockets and this would be a long time story. murdoch happened very quick. >> yeah. >> this is going to play out the next year . >> and a good deal to the new york times because they've been cutting costs, letting people go, when you have a deep pocketed billionaire coming on, that should be a better, you know, forward outlook; right? >> in financial terms, absolutely. but i think the family really enjoys the influence and prestige that comes with okay the new york times, but nobody ever thought that the grand family would sell the
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washington post. >> that's true. >> finally decided to sell it to amazon because the business was in trouble. >> never say never. >> thank you so much for being here. we appreciate it. and takes don't miss howard on sundays at 11:00 a.m. coming up a tasty treat from the shareholder meeting and, no, it's not sherry coke, here's liz live with a preview. >> i am on stop number 1 for shareholders and of course warren buffet eats it all day long. these chocolates, the old school candy store making some big new changes. coming up the ceo and chief candy maker. here's steve live from nebraska. stay tuned. >> and, hi, everyone, i'm in for gerri coming up to the rills report at the top of the hour.
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. >> welcome back to omaha, nebraska. the power breakfast of champions. i am holding it right now. this is what warren buffett of berkshire hathaway will eat all day long term during his annual shareholder meeting. it is see's peanut brittle. and here's brad kinsler who is the ceo. how many pounds will he and charlie munger his vice chair
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eat during the meeting? >> the pound and a half plus another pound of fudge. the real answer is as much as they want. >> a sugar high. they bought, berkshire hathaway bought see's chocolates in 1972 for just over 20 million dollars, brad. >> exactly. >> you had sales of 400 million this year, right? >> that's right. >> what are some of the exciting things that will add to the sales this year? >> for the shareholders we have the 50th anniversary commemorative items that's a candy dish. of course, warren and charlie and mary see for the 50th anniversary. and pound and a half box that is a commemorative box for just this meeting. >> how are sales trending right now? do you expect you will do better this year than last year considering they are opening the floor an entire day early? >> obvious for us today, that it's very big sales today. and we are anticipating it for
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this year. i'll tell you we brought nine tons of candy. >> for this weekend? nine tons. >> nine tons, and i believe we will sell at least eight and maybe over that. >> i think warren needs to buy a health club for people to burn off all of that. see's is the old-fashioned candy shop. there are see changes in millennials in the way they eat candy. they don't walk into malls and go into stores like see's, how are you changing to keep up with the times? >> very interesting time for retailers. we have to make sure we are providing the services that today's customer wants as well as provide a candy shop like the old days that has been the back bone of see's candy. so we are looking at the services they want, the deliveries that they want, and who would have thought that 50 years ago people had milk delivered to their door every
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morning, and now people want everything delivered to their door every morning, and retailers are responding to that. >> will you have to go the uber route? >> i don't think -- >> on second delivery of see's chocolates to people? >> i don't believe we are head exactly in that direction. we really want people to come into the old-fashioned candy shop. you get the free samples, you get to take a little time out of your day to relax and enjoy shopping in a candy shop, and that's the experience that we want to continue. >> the real question is how do they get nine tons of candy here to omaha fresh and fabulous. >> it was two major truck loads that did that. >> crazy. this is stop number one, it truly seems everybody loves it. the fudge recipe hasn't changed over the years. the pressure that you get from warren buffett has never been heavy because you guys throw off so much cash that he then has used to buy other companies. >> exactly. >> do you feel like the butter
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cow? >> we do our part, we think, and we're happy to do that. it's a great company. >> brad, wonderful to have you, of see's, appreciate it. good luck selling nine tons of that. as we said buffett and munger will eat a couple of pounds of this when all is said and done. monday night, we wrap it up, give you the all-access pass, 8:00 p.m. eastern monday on fox business, only on fox business, our primetime special with warren buffett, charlie munger and one of the board members of berkshire hathaway and microsoft co-founder bill gates with the wrap-up. it's your back stage all-access pass, ashley. we hope everybody joins us for the special. ashley: thank you so much, liz, we have a programming note for you, we are expecting a press conference with the attorney representing the family of freddie gray, the man whose death is ruled a homicide at
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the hands of baltimore police. due at the top of the hour in seconds from now. we will take that press conference live when indeed it begins. "the willis report" is coming up next. lori: hello, everyone. i'm lori rothman in for gerri willis, this is "the willis report," the show where consumers are our business. tonight prosecutors in baltimore calling the death of freddie gray a homicide, and charging one of the six officers involved with murder. warren buffett hosting annual "weekend with warren" in omaha, and our own liz claman is there, she'll join us live with the preview. elon musk charged up with the solar powered home batteries. it will change the world? in a show about billionaires, george soros in hot water for billions he reportedly owes the irs. why he's being called a hypocrite? plus why companies

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