Skip to main content

tv   After the Bell  FOX Business  May 13, 2015 4:00pm-5:01pm EDT

4:00 pm
>> stock is lower. liz: dow would be much higher, as we go into the close. after the defeat of activist investor nelson peltz. [closing bell ringing]. david: one of our own stock-pickers on monday, suggested that u.s. concrete is a good pick. that is way up, about 7%. we want to give kudos to our stock-pickers. liz: you might today too. as bells ring on wall street, we look how stocks finished up. interesting to see how the dow tried very hard to punch into the green. couldn't quite make it. numbers are still settling. we're waiting on cisco for earnings. david: we have very latest on what is happening with the train accident. "after the bell" starts right now. liz: the latest numbers are in. at least seven are dead, more
4:01 pm
than 200 injured after the amtrak train derailed and rolled over in the port richmond neighborhood of philadelphia. this happened 9:30 p.m. last night. now reports in the last hour say the train, this is coming from the ntsb, this train was traveling more than 100 miles per hour at the time of the crash. that was twice the speed limit. david: to break down the derailment, a professor of mechanical engineering university of north dakota, author of the book, "train wreck" the forensics of rail disaster. thank you, professor coming in. it was our colleagues at "wall street journal" that reported this that it was traveling at speeds of 100 miles per hour. that would be twice the limit for the curve. how did they find out looking at the black box? >> it might have been eyewitness reports or might be early report on the black box. liz: well, i'll tell you, now the ntsb is actually saying preliminary reports do show.
4:02 pm
so what does that say for the situation here? this train was apparently hitting a curve at such an excessive speed. would that then, it is early. we haven't heard from the conductor yet. he is apparently not opted to speak to police. he has a skull fracture. that may be part of it. let's find out exactly from your perspective, what happens next in this investigation? investigation. >> if it turns out and that it is too fast and human factors then less of a technical thing, most derailments are caused by equipment failures. about the only human error that can derail a train, going too fast on a curve, i want to say it almost never happens. i'm trying to write a science book. i was all over this. i had to go back in the 1950s to find an example. suddenly two last year. one in new york city, and one in
4:03 pm
spain. david: as you turn off your cell phone, let me ask about seatbelts because there are none. the exception to the rule of traveling, whether it is on land or in the air, seems to be amtrak. why do they get an exemption on seatbelts and might that change as a result of this accident? >> well, you can always get tossed and break your neck or fall out of a window. in that case, it is very similar to being in a car accident with without a seatbelt. but, usually the biggest risk the passengers, whether it's a collision or derailment is the to crush the car. and believe it or not, a high speed derailment, can be quite benign. i'm reminded of one that -- david: professor, let me interrupt if i can for a second. lord knows, you're the expert, i'm not. however it is clear a lot of these injuries would not have been sustained if people had been strapped into their seats?
4:04 pm
>> that's true but those are, those are isolated incidents. usually the problem is derailing into something solid and crushing the car, which the damage to that car, it hit something. liz: professor, what about an automatic train control system? those are mandated to be put in place for most commuter trains by the end of this year. "the philadelphia enquirer" is reporting that there was not one that put into place or at least activated on this train. we had a guest in the last hour from the connecticut railway system who said that would have prevented this. do we need to fast track that technology? >> yes. it is already proceeding about as fast as it can. they are having a lot of technical difficulties with the new technology, but, and in fact, it has been since 194, if you want to go faster than 79 miles per hour, you need additional controls. which has, occurred on northeast
4:05 pm
corridor for quite some time. sort of a dumped down low-tech positive train control. david: professor george bible, professormechanical engineering university of north dakota. thank you very much, professor. volatile day on wall street. the dow crossed the unchanged line about 55 times. liz: wow. david: we have john kenneally. he will give us his expectations for market returns in 2015. charles schwab randy pretty kick where he sees up side limit. david steinberg has a contrarian call on one unloved sector. todd horowitz is at the cme. todd, i want to start with you. the markets seem to be in a go nowhere mode, they're going nowhere fast. how will that change? will we stay like this the whole year or some big up move or down move? >> hi, david, hi liz.
4:06 pm
we're seeing mass confusion back and forth. consolidation, congestion, whatever you want to call it. we'll get a huge move out of this. we'll been in it for six months. the first three were a little bit wider. we're starting to narrow in. the ranges are tighter and tighter. the band is winding. we'll get a huge move up or down. i still believe it will be downside. however it can go either way. we're seeing a lot of confusion. the bond market, we're seeing a lot of confusion, money everywhere. money poured into gold because of mass confusion and equity markets. it pushed gold up over $25. liz: the fear trade is in effect. we love todd, we have to push him here. dollar was slightly weaker. maybe that is why gold was stronger. let me get to john kenneally, if todd's premise is right we'll see much bigger move upside or downside, give me your shot, upside or downside? >> we won't see much more upside here. we're already up two, 2, 3% on
4:07 pm
total return basis, maybe four. our forecast for the year for quite a while to get five to 9% on stocks for the entire year. we're right on track. it is not unusual to see sideways movement in stocks in between earnings reporting season. we got through the earnings season much better than expected. between now and best earnings season you will best get flat returns until you get some more fundamentals on stocks. stocks ultimately driven by earnings. we just don't know a lot now about second quarter. liz: okay. we need to break in. we have got cisco numbers out. it is a beat on both the top and the bottom line. we can put up the stock to see how it is moving in the after-hours session. but here's the revenue number. $12.14 billion. earnings per share, 54 cents. a beat on both the top and bottom line for the networking giant which was today on a report on the move that it might be considering acquiring fireeye which is cybersecurity. here you have it. the actual number 12.4 billion.
4:08 pm
it is definitely a pretty significant beat as these things go on revenue which is what we haven't seen for a lot of these big companies that are multinationals that do have exposure to a stronger dollar as you can see. the stock is just about flat right now compared to the closing value. david? david: david steinberg, let me bring you back to the dollar because that affects earnings in a big way, particularly with those companies with a lot of assets oversees. -- overseas. stronger dollar means rest leave knew for them. dollar you said last time was just about peaked. it has come down. you were right on that call. what will happen going forward? will we see a continuing decline in the dollar. >> i'm not a currency expert per se. david: you nailed it the last time you were here. >> when i hear on various media shows the dollar, the dollar, more the dollar, similar to what i heard in 2000, tech, tech and more tech. it has been overbought, overowned, overconstructed by many different types of funds
4:09 pm
around the world. they all got on the same side of boat and it is now reversing. it may be part of why the bond market has been so weak the last couple months. because as they have unwound and taken losses on being long the dollar they had to unwind and sell off bonds and even equities to a lesser extent. i think you see some continued weakness and maybe more mean regression. you get back to 3, 4, 5% lower from where you're at from here just on unwinding of those kinds of trades and so forth. liz: when things unwind, traders jump in. they start to move. which brings us to randy frederick at charles schwab. you're head of director of trading and derivatives. randy we haven't seen the mom-and-pop investor really come off the sidelines and get their elbows in about trading. do you expect that will happen soon or when people get fearful they freeze? >> there are two camps. there are the moms and pops who sold out and bailed out in 2008
4:10 pm
because they couldn't take it anymore. there are very good chance some may not come back until the cycle is over. meaning we have to go through bear market to see things at price they're willing to pay. some may never come back. there is a healthy of amount of skepticism out there. we tend to be at schwab a little bullish for this year. we happen to be in the camp of second guy that mentioned things will go a little sideways. s&p will limit up in the 2100 range. maybe a couple percent up or down until we get a catalyst to change things. that may be finally when we get first interest rates which won't happen for a couple months. david: todd, david steinberg is big on fold. i wanted to talk to him about that. let me talk about commodities in general. as you look at commodities you're really specific which ones you think will do well and which not so well. can you go through those for you? >> if you're looking right now, if you're looking right now, i think gold looked like a pretty
4:11 pm
good buy at 1180. obviously at 1220 it is not as friendly. any pullback to 1180 i would like to be buyer gold or breaks out past 1220. oil, get back above the 55-dollar level or 60, i think oil looks pretty good. i think you want to look in the grain space. that sun loved sector i think is great alternative investment. look at corn, wheat and soybeans. unless we're going to quit eating that those are really solid levels and all the bad news has been priced into those markets already. i don't see them going much lower. david: we have earnings, actually can't call them earnings for jcpenney. this is coming in, a fox news alert, a "fox business alert." the eps, earnings per share was actually a loss and they were expecting a loss but it was not as bad of a loss as they were expecting. that's why we can't call them earnings. it was a loss. revenue side, not so good. they were expecting .87 billion.
4:12 pm
it was 2.86 billion. they did have good news about going forward. they suspected in the future they will be selling more. inin fact, their same-store sals are up 3.4% year-over-year. so, good news and bad news on jcpenney. we want to thank john kenneally, randy frederick, david steinberg, and todd horowitz. gentlemen, thanks very much. liz: busy news day. thanks for playing along. today's retail spending news? people weren't spending. they were flat. saving and paying off debt, that is on the move. how do you make money as consumers stash cash? our panel has names that can benefit from that trend. david: plus the president going after the wealthy with some pretty harsh comments. we'll tell you how he thinks the wealthy earned their cash. liz: smartwatch shipments are expected to surge to 101 million by 2020. that is 101 million new targets for hackers.
4:13 pm
how at risk are these fitness bands and smartwatches? what can you do about it? we have the ceo of a company who has your plan. david: another overseas trip by secretary of state john kerry where he came back with, well, not a whole lot. have we officially lost any influence we had on foreign policy around the world? we'll talk to judy miller about that coming up. ♪
4:14 pm
one piece of bacon with your egg, and an omlete for the king. okay babe, you got this right? yea, it's a piece of cake! i got this.
4:15 pm
alright. goodluck. bye! love you guys! alright, everybody got their bags and lunches? yup! and how do we get to your school? make a left. keeping things under control is now easier than ever. at&t digital life home security and automation lets you stay connected to your home from nearly anywhere. guess you forgot about the dog walker! call 1-866-595-9750 today, for our special $99 digital life package. piece of cake, huh? call right now to get smart security equipment, plus an outdoor video camera, plus a garage door controller, all for $99. aw, come on honey, its so late... woah, what are you doing up? so, how's it going? piece of cake! love you. so call right now to get smart security equipment, plus an outdoor video camera, plus a garage door controller, all for $99. ah, right. thanks honey. real life needs digital life. call now.
4:16 pm
[baseball crowd noise] ♪ ♪ [x1 chime] ♪ ♪ [crowd cheers] oh! i can't believe it! [cheering] hi, grandma!
4:17 pm
♪ david: at the hear a multimillionaire, you didn't work for it, you won the lottery. that is what president obama thinks. >> hedge fund managers made more than all the kindergarten teachers in the country. when i say that i don't say that because i dislike hedge fund managers or they're evil. if we can't ask from society at this's lottery winners to just make that modest investment, then really this conversation is for show. david: all right. maybe a little more than winning the lottery. but the president went on to criticize what he called the fox news narrative about poverty in america. liz? liz: coming with our panel, federal reserve officials are telling the markets to get
4:18 pm
prepared for normalized interest rates. that means higher rates. rather than waiting around we'll help you prepare. dominoes, get to that one, changing the way you order your pizza. get ready to fit it into 140 characters. first more people are saving and paying off debt than spending money at malls. which stocks will ben it from from the savings trend? we bring in our panel, bob rice, tangent managing partner. fox business contributor along with gary b. smith, fox business contributor. so much for cheaper gasoline prices. everyone thought we would take money we save to spend on other things. no, we've been smart and saving. numbers, prove that out. gary b. somebody, somewhere has a trade. how do we capitalize on the saving trend? >> go with the obvious play here, liz. people don't put it under a mattress. almost surprising how many people put into a standard savings account or maybe they, you know, they buy a cd, if you
4:19 pm
will. the way they do that, they go with the same bank i use, bank of america. i think you could pick any one of the big banks with the trend you will benefit. i happen to like bank of america. that's what i use. that's what i recommend. liz: bob, if you're looking for a stock, gary b. says, bac. really capitalizing on the opportunity what do you like for moving on savings trend? >> it is very interesting, no matter what period you're in our history, what you always see, no matter how bad it is out there in the economy people still spend money even when normally saving on small vices. people love small vices. you can play alcohol trends because that is a small vice. spa trends. women love to go to the spa. they seem to keep going to the spa. the stock i like is dick's sporting goods. even with bad numbers came out today, people spending money on this stuff and they're spending a lot of money on sporting equipment, staying home with the kids, doing stuff like that.
4:20 pm
sporting equipment and other small devices. liz: gary b. has a two-men tent in the backyard. federal reserve officials telling markets to get ready for normalized interest rates but how should you as investor should prepare? we're not waiting around for the fed to tell us what to do. bob rice, explain to our viewers what the number one thing they should do? >> very surprising. making a two-way the about. trying to find invests whether interest rates go up or rates go down. inflation, deflation dynamic is superpowerful but deadlocked. very hard. the fed doesn't know which way it will go. nobody really knows how it will go. one classic thing you can invest in tips, treasury inflation protected securities issued i about u.s. government. they raise the principal amount, if rates go up. if rates go down in deflationary environment it is a government bond. pay you something like winning both ways. liz: i like winning both ways.
4:21 pm
gary b., outdo that one. >> first of all, bob, summed it up perfectly, when he said the fed doesn't know. so my first piece of advice, ignore what these fed guys say. how many times have they screwed it up, liz? they missed the housing crisis. they missed the recession we've had. they're always behind. when fed officials say pay attention, you know what? i ignore it. they don't know what rates are going to do, nobody does as bob said. i say go back to the basics. find a company you like. you heard this mantra before from me. liz: yeah. >> find a company you like, that you use every day, that you pay money too. buy those stocks. forget about all that other bs. liz: starbucks, we're not worthy. let's get to dominoes. who among us hasn't used it, right? dominoes is changing the way you people order pizza. soon dominoes will take pie orders via twitter, via twitter. bob, i put my order in, and fit
4:22 pm
in 139 characters. let's put it up on the screen. i'm like double cup, half caf, no whiff. hey dominoes, medium thin crust, light on cheese, red pepper flakes on the side pizza. >> perfect. congratulations. wonder how much editing that required? they will have emojis for particular pizza. will make a lot easy than squeeze it into 140 characters. liz: gary b., at some point do you give the address? i won't put that over twitter. >> i think so. dominoes has been working a long time to hammer it out. if it fails, fantastic. it is a success it is fantastic. they're trying something new. embracing technology, it will be facebook. if not facebook, take picture of old pizza you ate put it on instagram and order new one.
4:23 pm
i like when companies try new things. i applaud them for it. liz: the sto is much closer to annual high than annual low. dominoes trying to do something right in pizza land. nice to see you. bob rice, gary b. smith. i'm hungry now. david: it will be time to eat soon enough. state state with another -- secretary of state john kerry with another meeting where he left with nothing? is america able to influence policy. if you bought this stock, it would be up 9 1/2%. j.c. parets is the man. he has a new recommendation that he thinks will rally 20%. he will tell us what that coming up next.
4:24 pm
when the moment's spontaneous, why pause to take a pill? or stop to find a bathroom? cialis for daily use is approved to treat both erectile dysfunction and the urinary symptoms of bph, like needing to go frequently, day or night. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, get medical help right away for an erection lasting more than four hours. if you have any sudden decrease or loss in hearing or vision,
4:25 pm
or any symptoms of an allergic reaction, stop taking cialis and get medical help right away. ask your doctor about cialis for daily use and a free 30-tablet trial.
4:26 pm
new york state is reinventing by leading the way on tax cuts. we cut the rates on personal income taxes. we enacted the lowest corporate tax rate since 1968. we eliminated the income tax on manufacturers altogether. with startup-ny, qualified businesses that start, expand or relocate to new york state pay no taxes for 10 years. all to grow our economy and create jobs. see how new york can give your business the opportunity to grow at ny.gov/business
4:27 pm
liz: we take you to nepal. hours of searching, finding no sign of a missing united states marine corps helicopter, six marines on board. the huey disappeared yesterday while delivering aid to earthquake victims. two nepalese soldiers were
4:28 pm
onboard. satellites are being used in the search which remains a search-and-rescue operation, not a recovery operation. we'll keep you posted. david: we pray for those marines. meanwhile secretary of state john kerry came back from russia with basically nothing. high level meetings with president putin and other leaders were said to be frank but basically useless. is this more proof that america has lost its ability to affect foreign policy until the next administration comes to power? joining us, fox news contributor judy miller. what was the point of this russia trip? >> he chalked up lots of frequent-flier miles. david: at our expense. >> he had frank and cordial exchanges. david: which means nothing. >> which means nothing was decided. there was no progress on many of the crises confronting us. >> we have a lot of foreign policy disasters offer the past year-and-a-half. we can put them up on the screen. russia, we failed to keep them out of crimea.
4:29 pm
they took it over. iraq we pulled out troops too soon, led to growth ever isis, et cetera, et cetera. the list goes on. >> exactly. david: is there any foreign policy issue you think we could win at? >> cuba. uba? >> maybe. even raul castro is holding back, saying not so fast. we want diplomatic exchange but maybe not at the ambassadorial level. you know, dave, the problem really, that kerry loves to talk. and he loves to listen. and that is what we have now. we're in listening mode with russia. russia, which has just deployed batteries to the ukrainian border. david: they don't care. >> they have agreed not to continue training. david: doesn't agree with us on syria. not on anything. why bother going? just because this guy likes to talk? >> i tell you why. four hours with putin, first high level exchange in a long time. four hours with lavrov. we have iran coming up. the americans want to be sure that russia will back them on
4:30 pm
iran because they want this deal. they intend to get this deal. whatever it takes to get the russians behind them, they're going to do it. david: no matter how bad the deal is? >> we haven't seen the deal yet. let's wait and see. but this is going to be their foreign policy achievement as far as they're concerned. david: have they given up on iraq and afghanistan, the places we spent a lot of our nation's fortune, both human and moneywise? >> i'm afraid they kind of have. because even if we're giving up on the ukraine, the president said was unacceptable, we would never accept it, we have accepted it. four hours of -- >> ukraine, i agree with you, essentially we've given up on it. >> right. david: iraq, we had thousands of americans dein order to try to liberate that country. >> right. david: then just to let it go back to people like isis, i mean that's a crime? >> david, president obama has an extrication narrative. he wants to pull america out of the middle east. he says this will be a
4:31 pm
generational war that will go on for years and years, decades. he doesn't want america caught in the middle of it. he doesn't want both sides shooting at us. that is his foreign policy. david: even if it means isis takes over baghdad? >> i'm afraid, i don't think isis will take over baghdad. david: you never know, judy. did you ever think they would go this far? >> no, i didn't. they have a large chunk of the country. they are under enormous pressure. i think real danger part right now is syria. i think syria can fragment. that can completely unnerve the israelis who will have to deal with hezbollah in lebanon to the north and with fractured syria next to them. this is really dangerous. i don't think the administration understands that america just can't withdraw without consequences. david: judith miller, thank you very much, judy. wish it was better news. >> i wish too. david: hold on one second. we have breaking news about shares of shake shack. forgive me, liz. they are up more than 7%
4:32 pm
after-hours after they reported better than expected sales. the company raising full year guidance. it is says its on track to open 10 new u.s. stores and five international stores this year. every shake shack, liz, i go to, has lines way out the door. liz: huge lines. i know. you got to have it, right? we have big warning for internet users. a possible shortage could mean headaches and significant cost for u.s. businesses looking to expand on the web. we have that story next. at least seven people dead, more than 200 injured after that amtrak train derailed in philadelphia. now reports out in just the last hour, confirm that the amtrak train was traveling at twice the speed limit. we're live on the scene with the latest next. ♪
4:33 pm
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. 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. the pursuit of healthier.ut)
4:34 pm
it begins from the second we're born. after all, healthier doesn't happen all by itself. it needs to be earned... every day... from the smallest detail to the boldest leap. healthier means using wellness to keep away illness... knowing a prescription is way more than the pills... and believing that a single life can be made better by millions of others. ♪ healthier takes somebody who can power modern health care... by connecting every single part of it. realizing cold hard data can inspire warmth and compassion... and that when technology meets expertise... everything is possible. for as long as the world keeps on searching for healthier... we're here to make healthier happen. optum. healthier is here.
4:35 pm
4:36 pm
liz: an investigation heavily underway in the amtrak derailment in philadelphia that killed seven and injured more than 200. david: fox's peter doocy live from the scene of the crash. what is the latest? >> liz, dave, standing in such a crowded neighborhood, it is hard to imagine a train going is 07 miles an hour so close to so many houses and homes. train 188 was rocketing around a
4:37 pm
curved track more than twice as fast as it should have have because the speed limit here is 50 miles per hour. this train was traveling triple digits. there is more. the engineer at the controls when 188 was derailed, declined to give a statement. we don't know if engineer has a lead foot or something mechanical were wrong with the train. when they review data and cameras on board those metrics will be concluded. according reuters, technology called positive train control that prevents problems like this automatically was not in use. hundreds are injured and recovering. seven are dead, excuse me. their families are grieving. among the loss an associated press video architect and a naval academy midshipman. still the mayor says, the loss of life could have been a lot worse. >> it is amazing, it is incredible, that so many people walked away from that scene last
4:38 pm
night. i saw people on this street behind us, walking off of that train. and i don't know how that happened, but for the grace of god. >> we're still aways a way from knowing exactly how many people may have died or are missing because a manifest provided by amtrak with everybody on board is not synching up exactly with a list of names investigators are collecting. a search is still on for survivors and victims. back to you. liz: peter, thank you very much. peter doocy on the scene in philadelphia. david: well the u.s. is at risk of running out u.s. internet addresses. the shortage, could mean headaches and significant costs for u.s. businesses looking to expand on the web. asia, essentially ran out of a couple of years ago. four to be precise. europe in 2012. north america's allotment due to dry up this summer. companies that maintain large growing internet presence at a
4:39 pm
bigger risk, especially providers of cloud computing services. liz? david: liz: facebook will eat the world, right. planning partnership with media outlets to publish their articles directly to social networks so they don't have leave their cozy confines. will facebook become an you will inclusive site? who should be worried? we have gary koch vacs, avg technology ceo. you're not doing bad yourself the your stock is up 20 4% year-over-year. >> we're doing great. liz: what is your gut reaction when you hear that facebook will keep you at facebook, once you click on a link you don't leave facebook to to to the "new york times" or "l.a. times," you stay on facebook? >> i have two reactions. it will be good for users. it will be a fast load time. it will be destination resort. my other reaction one reliance on one platform. we lived inside one company. we did that 20 years ago with
4:40 pm
aol i don't want to do that. liz: facebook as 1.4 billion active users. if i'm writer for "new york times," i say yea, more eyeballs for a article i worked really hard on. that is a positive. you're a securities guy for wearables and online. is there something programmatic about keeping your world and halo there on facebook? >> facebook has its own security and security policies. they do a pretty nice job of it. we're going to enter from many different places. mobile devices, wearables, all of that will create access points for others to get in we don't want. liz: apple watches, smartwatches. you're now working to make sure those are secure. am i going to get hacked through my health fitness band? is that a real possibility? >> hacking is one thing. somebody hacks your health fitness band. liz: they know how much i weigh. that is problem. >> privacy is the biggest concern. privacy is something we are now sharing because the average
4:41 pm
household has 11 devices going to 19, 50 billion connected device, smartwatches, internet of things based things by 2020. orwell coming to live in our house. it is transparency. liz: big brother maybe. you want that just wondering ifk is up to the task? if you're reading all your articles, all your friend are there, all your pictures? >> well, look, facebook sits on top of the web. we used to live our lives in the when. now we're living our lives in facebook. it is one environment. we're relying on one company. i just personally think that is never a long-term good thing. liz: to the investor mind, did facebook just strike not a mortal blow but very tough blow to google? google wanted to be that, didn't they? >> google is that to large degree. facebook, google is search partner. facebook is destination resort. search inside of facebook. there are lots of places. i think actually think it is good for the market.
4:42 pm
i think competitive advertising landscape. post that article. have the opportunity to share in the profits with facebook. their metrics for how they share revenue is pretty good. liz: here is instant article companies. i mentioned "the new york times." bbc signed a deal, guardian. a lot of organizations at first were a little suspicious because you know what? they want revenue. i keep bringing up "new york times" because they have been geniuses making sure people pay to read the hard work of journalists. buzzfeed, everything is out there for feed. i'm sure they want more eyeballs. >> they want more. like a mall. great retailers we go to the mall. retailers would pay the rent. now we go to boutique firms that sit on the avenue. it flips flops back and forth. publishers want to go where users are. the user are on facebook and they're engaged. i think it will be back and forth. i don't worry we'll focus in on one platform. the world doesn't behave like that. liz: the world is behaving
4:43 pm
strangely, and leon panetta was on the network, more than a billion attacks every single day. once it passes a million an hour nobody cares. there are nefarious people out there trying to weasel their way in. what keeps you up at night? >> we have 200 million active users. we last year protected or stopped 3.9 billion attacks. on consumers. so 3.9 billion attacks. we went from five years ago, being able to sort of protect somebody in half a day. we're now able to protect and stop a threat in less than 40 seconds. so but that number needs to be down to 10 seconds. we moved everything to the cloud. the way threats are coming in now are way different than they used to be 10 years ago. how do we keep up? we're working very, very hard. that is partially driving our success. we changed technology in a great way. it's a game. it is a game of chase. liz: great to see you. >> great to see. >> thank you very much.
4:44 pm
gary kovacs, ceo of avg technology. can you wrap your mind around it. that many attacks stopping in 40 seconds? david: we need a good private sector solution like gary could offer. millions of dollars wasted on congressional park barrel projections. we'll talk about congressional programs you're paying for out of your taxes. how green bay star quarterback, aaron rogers adding to long list of accomplishments, using no athletic ability what so every. we'll tell you what that is coming up next. [ male announcer ] legalzoom has helped start over 1 million businesses.
4:45 pm
if you have a business idea, we have a personalized legal solution that's right for you. with easy step-by-step guidance,
4:46 pm
we're here to help you turn your dream into a reality. start your business today with legalzoom. choose, choose. but at bedtime? ...why settle for this? enter sleep number... don't miss the memorial day special edition mattress with sleepiq technology. sleepiq tells you how well you slept and what adjustments you can make. you like the bed soft. he's more hardcore. so your sleep goes from good to great to wow! now we can all choose amazing sleep, only at a sleep number store. save $500 on the memorial day special edition mattress with sleepiq technology.
4:47 pm
4:48 pm
liz: he is a two-time nflmvp, a super bowl mvp. now aaron rogers has yet another accolade "jeopardy" champion. the green bay packers quarterback bested mark kelly and "shark tank"'s kevin o'leary, despite final answer on "jeopardy." aaron is looking happy. did he come up with the correct response. >> nope. >> he wrote down who are ernst & young. what piece of equipment do you see there? motor cycles. who are harley, and davidson.
4:49 pm
harley and davidson. it will cost aaron some money but will it cost him too much. he is winner today. his charity, the fund will receive $50,000. liz: "shark tank" guy got zero? rogers got big check. midwest athletes against childhood cancer. congratulations. david: when he last joined us had march, j.c. parets made contrarian call on russia. >> from a risk management standpoint it is easy peas sy. above the downtrend line from september highs we want to buy aggressive. below that all bets are off. liz: rsx is the etf. david: since the play it is up 9%. he ha as new play that he says could rally 20% or more. j.c. parets, eagle bay founder. congrats on russia. you like agriculture. why? >> just a common theme of sector rotation. you and i were talking about
4:50 pm
everyone is getting tossed around in s&p and major averages going nowhere. underneath the surface we see that rotation. energy had its time just now. with russia, same trade. now i think we go into the ags. david: compare moo, etf for ag products with s&p. we can put up the chart. >> this is the market vectors agribusiness index. david: speak english piece. >> market vectors create this is index of all agricultural related names. david: that is moo. >> exactly. david: what does it show you. >> it compares it to the s&p 500. these are at same levels on relative basis at end of 2008. agriculture and agribusiness went out to outperform s&pes next three years. david: we reached bottom point you think. talk about trendlines. >> on relative basis we like moo. on absolute basis, this is the base. david: from technician's point of view this is beauty right here? >> what happens is there is all this pent-up demand out there.
4:51 pm
once we break out, that is when it releases. old saying, dave, the bigger the base, higher in space. david: you have seen a short-term breakout. we can put that up as well. >> that is exactly right. this is weekly time frame. when we focus more short term, overhead supply over last year. lack week on friday, we had a gap up on the news of some mergers and acquisitions taking place. we'll talk about individual names now. david: what this chart tells you by the way is that buyers are willing to pay more on the dips and that's very bullish. >> that is exactly right. so you can see series of higher lows if you will. that's because the buyers are less patient. so they're not willing to wait for those low prices like we saw last year. they need to gobble it up sooner. that is very bullish. david: talk about breakout this is week, this week showed some significant moves. >> absolutely. on friday there was talk about syngenta and monsanto, which are the biggest two holdings of moo. monsanto, apparently is trying to buy syngenta. those are the two biggest
4:52 pm
holdings in moo. i like them all. i think we go higher. david: there is monsanto by the way. the question whether you buy moo, the etf or go into the individual agricultural stocks? adm, monsanto, tyson, deere. what is the advantage of having moo as opposed to individual stocks or vice versa? >> depends who you are as investor. if you're a big institution, moo is not simply liquid enough. if you're a individual buying a few shares it will not kill you. if you need liquidity get into individual components. david: which one of the ago stocks you like? >> long term perspective, bigger pictures, hard not to love tyson, love that name, tsn. over short term potash looks terrible, agriums better. david: j.c., good to see you. right before. hopefully you're right again. liz? liz: $120 million on a tank upgrade that the pentagon said isn't needed at all. just one example of the so-called congressional pork that you the american taxpayer are ponying up for. we have the story next.
4:53 pm
plus, one passenger's story of survival after the devastating train crash in pennsylvania. don't go anywhere. we've got it. >> hi, everyone, i'm gerri willis. coming up on my show at the top of the hour, the latest on the investigation into that amtrak crash in pennsylvania. excessive speed now a key folk off the investigation. ntsb due to have a news conference shortly. we'll have it live.
4:54 pm
4:55 pm
4:56 pm
♪ ♪ (under loud music) this is the place. ♪ ♪ their beard salve is made from ♪ ♪ sustainable tea tree oil and kale... you, my friend, recognize when a trend has reached critical mass. yes, when others focus on one thing, you see what's coming next. you see opportunity. that's what a type e* does. and so it begins. with e*trade's investing insights center, you can spot trends before they become trendy. e*trade. opportunity is everywhere.
4:57 pm
david: these stories get you mad. pork barrel politics is alive and well. politicians squandering millions of your dollars. liz: citizens against government waste, a group that tracking politician spending published their annual "pig book." blake berman has the stuff you are likely to hear about. >> here is the latest installment. the denali commission in alaska received $2.6 million to build infrastructure even though its own inspector general in 2013 the money be allotted elsewhere. is 20 million to upgrade the m 1 abrams tank. the army testified that additional tanks are not needed. $51 million to antidrug trafficking program intended for border states but eight of the 10 recipients are not border
4:58 pm
states. those are three examples in the "pig book" released this morning by the group citizens against government waste. david, liz, they put the earmark total here for 2015 at $4.2 billion. thatthat is a drastic increase m last year despite nearly identical amount of earmarks. the group says congress still can't rid itself rather of earmarks despite enacting a ban in 2011. >> after only four years on the wagon, at least according to congress's definition, it is clear that many members feel a compelling need to once again drink at the pork barrel trough. >> you might be asking yourself, despite the ban how are there still these earmarks? well the watchdog defines the term a bit differently but says unnecessary expenditures are still able to make their way into appropriations bills because they get scattered throughout the legislative language. they say the process as it stands now is quote, patently less transparent.
4:59 pm
david: how can you evertrust these guys? blake berman, thank you very much. blake. liz: earlier today sandra smith got a chance to speak with one of the passengers involved in the horrific crash in philadelphia. this is it what he told her about his experience. >> all of sudden the train started shaking. it just started jerking. it happened so fast, yet felt so slow in some ways. the train started and you knew something was going on. i kind of was in this position and kind of got stuckike the tray tables. everything started flying. phones flu. laptops flu. flew. notebooks, purses, shoes. >> were people screaming? >> people were screaming. you could hear crunching going on and metal ripping and things of that nature. and you knew it was a derailment after a couple of seconds but by the time i think i started to brace myself and everything, it was probably too late. david: the full interview on foxbusiness.com. we have presser, ntsb presser in
5:00 pm
just a minute. >> liz: it will be at the top of the hour. we want to let you know fox business will bring it to you live. here is the scene where they're preparing for it. top of the hour you will have it. david: seven dead in philadelphia. the very latest coming up in just seconds. liz: "willis report" is next. gerri: hello, everybody, i'm gerri willis. we're expecting word any minute now from the ntsb on the deadly amtrak derailment. at least seven are dead and more than 200 injured after the train headed for new york derailed in philadelphia. you're looking at pictures right here. the ntsb confirmed that the train was speeding 100 miles an hour as it round ad tight turn double the speed, of 50 miles an hour. we have the editor chief of campus reform.org. he was on the train. caleb was one of the 238 passengers. he joins us now from

98 Views

info Stream Only

Uploaded by TV Archive on