tv After the Bell FOX Business July 30, 2015 4:00pm-5:01pm EDT
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melissa: say the same about the broader markets. despite upbeat report on economic growth, new concerns about lofty valuations are keeping investors on the sidelines today. ashley: about as flat as it can be. new details on the plane debris that was found on a remote island off the coast of africa. is this the big break we're waiting for for the search for malaysia flight 370? [closing bell ringing] melissa: hillary fights back on new allegations on i impropriety on the ties to swiss bank ubs. what she has to say now. ashley: busy hour on the closing bell. rather flat day on markets to say the least. the dow ever so slightly lower. call it flat. same for s&p and nasdaq the social media week on wall street continues' we await linkedin to release second-quarter earnings.
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that led to a 19% plunge in the stock price. here we can expect this time around, scott martin, united advisors, fox news contributor and jack hough, baron's executive editor. same rough time this time around jack, and what are you looking for in particular? >> i expect upside earnings surprise, right? 72% of the companies surprised on the upside, hooray but they always kind of do that but set the bar so low. ashley: yeah. >> you look at the stock price movement. i expect a facebook/twitter where you come in above the earnings number but the stock price movement afterwards disappoints. ashley: scott, what are you looking for? >> something probably similar to that, ashley. i think the big issue will be looking forward. what is linked in going to see as far as advertising? that has really been their achilles heal, right? facebook and twitter amides all the problems have good ad revenue. linkedin totally failed in that.
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they overhauled a couple solutions in first couple quarters. we'll see if that is improving. mobile too. mobile access for any social media companies especially linkedin will be huge. those are important comments to watch as well. melissa: jack, why do you think it will move the same way as twitter and facebook, it will be positive and the stock go down? >> trends haven't been great. expensive stocks need to do everything right and come up with good news all the time. this company slashed earnings guidance early in the year. the stock has been flat this year which means it has gotten more expensive relative to earnings estimate. when you look at the number there is decent user growth, but actual engagement, every time people coming back is among the lowest on social media players. i think numbers will be weak. i could be wrong. this was pitched during the ipo, the company was more in mature stage of profitability. it is not even profitable on a gaap basis when you take out for stuck awarding so forth. ashley: scott, google, facebook, suck up 90% of all online
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advertising out there but linkedin is on the periphery of social media. kind of a different animal so to speak. is there room to grow and are they maximizing it? >> well they aren't maximizing it clearly, ashley, because the advertising numbers have not been good. what is going good for links inn to jack's point more engagement that the job market is better. that is the key point for linkedin. this is relatively slow to recover jobs market. it is getting better. they're getting more interaction. that might be something boosts them. >> people don't go on there every day and slobber over it like they do on facebook account. that is not good when you're selling ads. by the way i mentioned upside stock movement the look at google, just the opposite. huge stock gain on upside surprise. that is a real upside surprise. melissa: let's pause for a second. we'll look at amgen earnings. gerri willis standing by with those. what do you have? >> a beat for amgen on the bottom line. they earned $2.57dollars a
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share. revenue, a beat. good news for amgen. they have a couple of blockbusters in the pipeline. it is all about tomorrow for these stocks. melissa, back to you. ashley: lori has the linkedin numbers. find out how they reported, lori. >> looks pretty good for linkedin, job search website. 55 cents versus 51. beat on bottom line. top line strong as well. versus expectations of 680.08 million. i want to look at ad sales breakdown. linkedin shares were down 3%. after-the-bell earnings call. we will see if there is a reaction. that will tell us a lot about what investors keying into, linkedin, unlike twitter and facebook doesn't have access and main revenue drivers are not necessarily ad sales for linkedin.
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more about recruiting tools and resource products and premium is description. i will be back throughout the hour to give you more details. >> thank you, lori, so much. i want to correct one thing, looked like earnings per share was 55 cents. the estimate was 51 cents, right? ashley: the estimate was for 30 cents. melissa: she said 51. estimate was for 30 cents. ashley: get reaction, jack, sales, up 32%. quarterly subscriptions also up 22%. seems like very positive report so far? >> it does look good. it would look better if they hadn't lowered the bar to jump over it but it is a good report against where estimates are. i will wait by the way to judge the stock. you don't want to judge it in minutes after the report. remember chipolte. melissa: we do that. that's what we're here for. what are you talking about? >> huge downside move after the report. you thought the world was coming to an end. next day it was up big. i will wait to see where it opens tomorrow. ashley: looks reasonably strong.
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melissa: it is rocketing higher now up 15%. scott, let me ask you, one of the complaint ahead of the call was feeble earnings growth. estimate we were looking for was 30 cents. they came in at 55, which was increase year-over-year. what is all that about? that is quite a lot of back and forth. >> it is a good play though. jack said they lowered the bar and they had to jump over it, yeah, but so do a lot of other social media companies and they failed. hello yelp, twitter, some of your other brethren. i think this is a great number. some of the ad numbers look pretty good compared to the first quarter. hey, ashley, telling you this thing will be up tomorrow too. we've seen it before where twitter goes up and goes down. linkedin is probably different animal. ashley: talking about early success of integrating linda.com. this is the online education program which seems to be gaining a little bit of traction. scott? >> yeah they are. that is a big thing too. in first couple quarters they
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had to engage new platforms. as those things start going, these are relatively new endeavors, those will pick up and kick up revenues as well and affect guidance of the stock. >> they will kick up revenues and costs though. ashley: that's true. melissa: hang on. we have another earnings alert right now. gerri willis has numbers from expedia. gerri what do you have? >> hey, melissa. big beat, expected 85 cents a share for expedia. it was $1.02 a share. actual earnings. revenue right in line, 1.66 billion. same day here the "new york post" reporting that expedia's acquisition of orbits will get a green light. it's a banner day for the stock. melissa, back to you. melissa: thank you so much. ashley: very good. jack, let me pick up again on linkedin if we can. this stock is taking off in after-hours. we have expedia up there. i want to get back to linkedin. this is, you could argue, could you not, jack, this stock should go up against somewhere like
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monster worldwide. it's a job site primarily. >> i think so. you mentioned earlier about facebook and google having this kind of crowding out effect on ad revenue. we know what the global pie for ad spend is. we know that the rate at which it is shifting online. and there is a lot of players going after the same dollars there. you know who will be the most successful, not only building audience but getting people to come back again and again. google with youtube and facebook. linkedin, this is good print against the estimate. maybe stock will move higher. but very much a story that remains to be proven. ashley: jack to follow up very quickly, they're in a good position, linkedin. they don't have to directly fight over ad dollars. it is important but they have premium subscriptions used by corporations to recruit. >> that puts it in more mature place of profitability, diverse revenue stream. how expensive is stock relative
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to earnings? keep in mind, took estimate down from the full year down close to three bucks to under two bucks for a year. that is a big movement. stock price hasn't come down to match it. that to me means the company has got a lot more expensive. melissa: scott, what will you drill down on the call? what color are you looking for? >> advertising revenue first and foremost and guidance on integration of lindh "today." -- lynda. they lowered the bar and stayed steady and didn't drop really big like other social media companies. to me linkedin is in category of its own. integration of recruiting is going well and has been. i don't think there is a ton of competition,/, at least comparison you give to on of the other social media companies. >> i make one contrast. not just high price to earnings ratio. pea yaw has high price to earnings ratio.
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i think that stock is cheap because the flee cash flow is much higher than earnings. has to do how you book travel. you don't book it as revenue until people take their trips. that stock is a lot cheaper than it looks. ashley: more earnings. it has been such a busy week, busy day. lori, numbers for electronic arts. >> "star wars" battlefront is the big product. earnings not too shabby. 15 cents a share, 3 cents estimate. so again, digital sales, full game downloads is what is driving the company. i can give you fireeye, also big after-hours mover down about 7% it looks like, fireeye, the cybersecurity company. a loss, sorry of 41 cents a share which is narrower than expected loss which was for 48 cents a share. 1.472 million, better than the
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estimate on fireeye. juggling a lot of stuff. we're getting it to you. down on disappointing report. that is a huge mover, typical growth stock, fireeye. shares up quite a bit, something like 48% year-to-date. so a little bit of consolidation there. ashley: yeah. melissa: lori, thank you so much for that. going back to our panel, do you guys have a comment on fireeye, watching that stock go down. >> we owned fireeye from last year. ashley: yeah. >> as, you know, lori noted this is growth stock. it will be active after-hours and during the trading day but if you look at fireeye versus some of the other competitors and some of the other guys it is cheaper than a lot of those names f you're looking to get in to ache advantage of cybersecurity stuff i think fireeye is good entry point. >> difficult to tell which technologies will dominate in terms of reading the road. i'm interested in fireeye and autonomous driving story. make one comment on electronic arts.
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get very excited about videogames and has to do with consoles. jack, those consoles, xbox, playstation they have been out for a while. that is old news. that is new news. no one buys those things in the first year. they wait for the price to come down. wait for publishers stop making games compatible with the old machines. they buy the new machines. we're on verge of big expansion much universe of people potentially buy the new games. electronic arts stock is doing very well. buy activision. ashley: china just lifted a ban on these things as well. so that will be a huge market. melissa: jack sounds like talking from experience. sounds like you're watching these things to try to see when the price is going to drop. >> playing a game right now every time the camera looks away. melissa: gentlemen, great job. thanks to both of you. ashley: great stuff. busy ten minutes, 12 minutes. we're getting warmed up as well. busiest week for earnings. the quarter certainly not over yet. melissa: possible big break in the search for a malaysian passenger jet missing more than a year.
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melissa: linkedin shares going nuts in after-hours on earnings. to the floor of the new york stock exchange. lori rothman standing by with more on that. >> melissa, linkedin post-earnings call gain fade toed 15%. 34% increase in revenue. 538.88 million, versus expectations of, i'm sorry, giving you wrong numbers. my graph is filled with my chicken scratch. $711.7 million in revenue versus expectation of $680.8 million. 55 cents a share versus 30-cent estimate. this will be a trend among social media companies.
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a lot encouraging signs ad sales are gaining traction. that is helping linkedin. they're spending a lot to expand business. this one fireeye is moving in the opposite direction after hours, off seven, 8%. cfo, michael share done announced he is leaving the company. fireeye has monter year. cybersecurity threat and protection company doing high-profile deals with visa and hewlett-packard. obviously there have been some headlines, security breaches. as many companies and the government over the last year. this company gets a lot of print, a lot of attention, very classic, typical growth stock. so we'll keep our eye to make sure this with strategy and partnership with other headliner companies. back to you. melissa: lori, thank you so much, ashley, you from earnings to having development. a possible big break in the search for malaysian passenger jet missing more than a year.
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a piece of wreckage washing up on reunion island, off east coast of madagascar. they believe it is part after boeing 777 and flight mh370 is the only 777 currently missing. fox news's benjamin holt joins us with the latest. >> hi, ashley, the tragic tale of flight nh 370 which disappeared over indian ocean three months ago may come to an end. sea crusted fragment after wing was found washed up on the island of reunion off the southeast coast of africa. a wing fragment boeing investigators identify coming from a boeing 777. there is only one boeing 777 missing in the world at this time. it seems likely this mystery may soon be solved. a massive search operation costing $93 million, involving eight countries took place following the disappearance but nothing was found. part of the difficulty was
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massive 23,000-mile search area, roughly the size of west virginia. families of the 270 victims have until now held up hope the plane might have somehow survived. jenette mcguire from brisbane, australia, lost her sister cathy on the flight. >> we're all longing and waiting so much for any sort of news that is, you know, valid, and but when we get it i think it is going to be another emotional roller coaster as well. >> investigators from boeing are now on their way to reunion. 3,000 miles from the last known destination of 370 as it flew from kuala lumpur to beijing. they will examine the fragment before taking it to the boeing head quarts in toulouse. they will be cautious confirming this is indeed part of the plane.
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ashley: thank you vich, benjamin hall. a vital clue perhaps. interesting stuff. melissa: donald trump raising the bar for gop hopefuls. his unpopular walk to the top of the polls, that is coming up next. plus the battle over the ball of shame being tossed in the big apple. tom brady's next move is in court as new york jets fans have fun flying this over the practice field. "deflategate" details coming up. ♪
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brady's appeal of the four game suspension in the nfl after a judge transferred the case from minnesota. can the star quarterback get a victory in court? we have a legal expert. a managing partner. thanks for being with us. sorry for butchering your name. let's get to the main topic here. does it make a difference that it is transferred from a court in in minnesota to new york? does that make a difference? is bad news for brady and the nfl players association? >> it's a big deal. it does make a difference. doesn't mean game over for brady. that was major development. minnesota federal court ruled that the nfl players association attempt to file dueling case in the minnesota federal court was rejected. just a couple hours ago they issued a ruling the case would be tossed out of that court and transfer venue to the federal court in new york. you're absolutely right, the battle lines will be drawn in federal court in manhattan.
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that is where it will lie in the framework of case as filed by nfl. that was definitely a first score for the nfl. so it was a big deal. ashley: what do you think brady es lawyers are arguing in front of this federal judge? >> well now that we know where we're going to be having this battle, the answer to the question on suspension will be resolved bottom line next couple weeks. it will be basically an argument of procedure over substance. the nfl players association is going to argue that the commissioner was procedurally sloppy, didn't comply with technical requirements of the collective bargaining agreement, tried to take what was a team penalty and basically create without notice a personal penalty that is not supported and nfl will come back to try to go into the substance to say look, he knew what was going on. there is text and email evidence not good for brady. the stay he spoke to the investigator was the day he destroyed his cell phone. they will go into credibility of that evidence. so it is going to be an uphill
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battle for brady. ashley: seth, is it true federal judges are generally reluctant to overturn an arbitrators decision? >> yes. you have got two factors here. one there is traditional deaf to this kind of a ruling why the nfl went into new york. they were smart. wanted to play into their home turf. underlying standard for injunction, shows an uphill battle. football equivalent of brady going out first and 10 on 20-yard line with two minutes left. it will be not impossible but it will be difficult. ashley: very quickly, seth. you're a lawyer, what are brady's odds getting overturned or getting the injunction? >> i would say it is basically roughly one in three. give credit to the nfl players association. they filed a good lawsuit. it will be transferred to new york. it is not going to be impossible but i think it will be serious uphill battle. we'll have the answer frontloaded on entire bottom line of suspension next couple weeks. ashley: we'll know soon enough.
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seth, thanks so much for joining us. we appreciate it. >> you bet. melissa: a few other stories on the radar right now. it is complicated for hillary clinton. ubs donations to the clinton foundation increased tenfold after the then secretary of state help ad swiss bank settle a dispute with the irs. that is according to new report from the "wall street journal." the presidential candidate addressing the controversy to reporters earlier today. >> any implication that is attempting to be made along those lines is categorically false. melissa: three university of virginia graduates are filing suit against "rolling stone" magazine and the author of a now-retracted article alleging gang rape. the students claim they suffered quote, vicious and hurtful attacks due to the inaccuracies in last year's now debunked story. separately "rolling stone"'s managing editor, will dana, has announced he is leaving after 19 years.
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amazon's push to order dash buttons are for sale for 4.99. users can pick from 18 dash buttons for items like bounty paper towels or glad trash bags. amazon designed the buttons to help conveniently, help us conveniently reorder. something like that. whatever it is i don't think i need one. ashley: seems kind of cool. melissa: why do you need a button for the bounty? i like on my iphone. earnings driving big moves after-hours. our panel back with what you need to know. ashley: talk about a full house. the kids are home to stay. junior is not going anywhere apparently. why millenials are not moving out anytime soon. technology empowers us to achieve more.
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ashley: well, who thought this. linkedin, crushing second-quarter earnings estimates just moments ago. love the word, crushing. stock shares soaring. still up 6%. coming back a little bit but still impressive. back to weigh in, scott martin, united advisors and fox news contributor veronica daguerre, columnist with "wall street journal" and jack how, from "barron's." you had time to go through this, are you impressed with the report from linkedin? >> i am, ashley. we're seeing stock come off a couple percent after-hours, still up 6%, i think tomorrow if
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you have appetite for some social media companies i think you should take a pretty good look at linkedin. they're in a different category by themselves. earnings indicate that. we came in long the stock and are pretty happy. ashley: jack, your thoughts, take a step back a little bit, earnings overall. we hear about the strong dollar low bars being set. what is your take on earnings season? >> earnings season is pretty good. we're 2/3 of way for big caps. there have been a lot of upside surprises. i would like to see more upside surprise on the sales side. that would tell me truly coming from growth broadly speaking not from massaging expenses and that sort of thing to meet earnings targets. so far the numbers have been good and looks like we might escape having year-over-year decline on the overall earnings figures for s&p.
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ashley: let's bring in veronica. you mentioned growth 2.3 it is anemic. what is your thoughts. >> this is anemic. this is line with what we're seeing disappointment. overall this recovery is not what it should be. waiting for breakout recovery to happen. we're well into it. it is disappointing. we're not seeing wage growth we should be seeing. i think fed will raise rates. just a matter of when but at the same time it isn't so strong that would back away from them. >> to not raise them at this point would suggest we're in dire trouble. they will take a good enough number towards end of the year and use it as excuse. ashley: not swinging from -- talking about 25 basis points, scott, what do you think, september, december? some people still saying 2016?
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>> yeah, i think 2016 is probably in the cards. i don't think we'll see anything end of this year. i just don't see numbers here. gdp number is pretty lousy to be honest with you guys. look at gdp versus this year and last year, all major components, business investment, consumer spending, overall growth all down. the economy is slowing down. that is not an environment which the fed wants to be hiking rates. ashley: we'll have to leave it there on somewhat down note. veronica, scott, jack. >> sorry. ashley: speaking your mine and spiking the truth. melissa, back to you. melissa: lawmakers on the hill debating tax code impact on american businesses. top executives testifying that the high corporate tax rates are encouraging foreign takeovers, costing many american jobs. with more on this, fox news washington correspondent rich edson. rich? >> good afternoon. washington loves bashing the u.s. tax code though congress and white house are only ones with power to overhaul it, they
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have yet to settle on new tax system. a top senate committee is reinforcing negatives of current tax code. permanent subcommittee on investigations held a hearing, testifying the founder of the boston beer company, makers of sam adams beer. he said headquartering company in the united states and subjected to u.s. taxes has reduced value of his business 16%. >> not uncommon for me to receive visits from investment bankers interested in facilitating the sale or the merger of boston beer company to foreign ownership. >> last year there were double the number of foreign acquisition of u.s. companies by dollar value, double from the year before. this year we understand from some of the preliminary data we're getting it is likely to be almost doubling again. so it's happening right under our noses. >> senator portman and new york democrat chuck schumer are
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working on business tax plan. so is house ways and means committee chairman paul ryan. they hope to finish their work this fall. president obama is calling for overhaul corporate tax code. standing in their way? all businesses that benefit from the current tax code and valuable deductions and preferences they have spent years and millions getting lawmakers to add to it. back to you. ashley: melissa: no doubt. that is always the problem, rich. thank you so much. ashley: good to see rich edson. yeah, prepare for total domination or is that donald nation? donald trump leading the latest polls but it is not all good news can a business have a mind? a subconscious. a knack for predicting the future. reflexes faster than the speed of thought. can a business have a spirit? can a business have a soul? can a business be...alive?
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coming in second. here now, joe trippi, former campaign manage for howard dean, marianne marsh, former senior advisor to senator john kerry and scott brown, former massachusetts senator. what do you make of what "the donald" is doing? decisively 25% in the reuters poll against jeb bush's 12. >> look, he is clearly, he is clearly hitting a nerve with voters upset with the party establishment. want to hear an authentic voice. he is delivering it. donald trump has always been a master at leveraging press attention and, and, in sort of driving his name and he is doing a better job than anyone else in the race. melissa: never like this. never with polls. marianne marsh, the other thing really funny about it, struck a lot of us, while doing so well in the "quinnepiac poll," he is
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most popular and least popular guy in the survey? how is that possible. 30% of gop voters would not support him. he tops the forget it, i would sooner die than vote for you list. it is amazing. what do you make of that? >> they say 40 is the new 50 now even in the polls. popularity is a relative thing these days and people aren't as popular as they used to be. melissa, as you remember, i was on several weeks ago when trump first bottom in the race, i said how long will be in the race and hough damage he will do. we know now. he is in for a long time. he turned primary on his head. watch a focus group in new hampshire this week to know how popular he is up there. that tells you a lot about donald trump what will happen in the republican primary race which is fascinating. >> senator, i don't buy the idea he is doing a lot of damage. making it interesting. getting a lot of attention. i guess some candidates not getting attention they would
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like to because he is there but at the same time a lot of people wouldn't even be paying attention to it right now if he weren't in it because they don't care that much. let me ask you about one poll which in my mind should matter to republicans can a candidate beat hillary clinton because the rest of it is sort of noise. he can not look like in most of the races. i mean most of the polls. "quinnepiac poll" says among all voters he would get 36% of the vote versus hillary clinton 48. other candidates that would beat her. at the end of the day, isn't that what it should be about for republicans? isn't any of the 17 candidate more preferable to republican voter than hillary clinton? >> that is the question. that is part of the problem not only in new hampshire but rest of the country. you ask folks, by the way if your candidate loses will you support the other guy, 50% say no. they will stay home or may even vote for a democrat. it is early. donald is obviously very popular throughout the country. right now he is reality star.
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he has great name recognition. talking about things people want to hear about, immigration, veterans rights and in your face about it. that is a good thing. the bad thing he has yet to take on hillary clinton. we find now that:clip's numbers are upside down. there is a lack of trustworthiness with her. potential criminal investigation with emails on and on. since her reboot even she has didn't been doing well. it will be a battle. melissa: joe, most people i think today that were paying attention to number 17 entering the race, had to google the name governor jim gilmore, former governor of virginia. a 11th person, i hate to say what is the point of that -- 17th. >> timing is pretty bad. being last one in and not getting any attention. this also does point to the problem the other candidates are having because of donald trump's dominance of the media, there are 14, 15 other candidates in
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the race who are just not getting covered right now. melissa: i don't think donald trump's fault that nobody knows who jim gilmore is. unless you live in virginia, you can blame trump tum for a lot of things but that is not the one. >> carly fiorina, there are a lot, kasich, a lot of keep in this race who are, including jim gilmore who have record but they're not going to -- many of them are not going to get heard. the whole thing about iowa, new hampshire is, for a guy like jim gilmore who no one has ever heard of to try to break out. trump is making that problem for all of them. melissa: he is making it interesting for everyone else. anyway, thanks to all three of you guys. over to you, ashley. ashley: especially us in the media. melissa, thank you very much. a new study sounding the alarm on a major threat to the safety of olympians at next year's summer games in rio brazil. according to research by the associated press, rio's waters, look at that, are so contaminated with sewage, athletes coming in contact with the water are at risk of
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becoming violently ill. brazilian officials say the water will safe for athletes during the games. deirdre bolton joins me. >> speaking of violent i'll, ashley. it is crazy. people who are training there they already are coming out of the water. they are vomiting. they have diarrhea. they have fevers. ashley: god. >> there is a lot of sailors saying, i don't even want to sail, canoe, we're not talking about the swimmers, right? this extreme water pollution is there. ashley: my goodness. >> some samples have, i have to give you this stat, 1.7 million times the level that would be considered hazard does on a southern california beach. so 1.7 million times more hazardous is what is going on, let's just say, regular water conditions in some of the places near rio. 205 nations supposed to go and
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compete but if the athletes aren't safe, i don't know what their coaches are going to say. ashley: everyone should get a gold medal for jumping in that. yikes! >> come out with three arms. ashley: makes -- three arms. melissa: i'm going to throw up. ashley: top of the hour for "risk & reward," deirdre. thank you. melissa: oh. can't forget about dre. the rap mogul set to release a new album, straight out of compton. call them mooch-lennials. the millenials still living at home but this time you can not blame the economy. ♪
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♪ melissa: talking about this generation. the millenials who live at home, 18 to 34-year-olds are more likely to live at home than at the height of the great recession? here now, kelly, the founder of political prospect. jack and veronica are back as well. so this is amazing to me. in 2010, 24% of millenials, which is still a huge number, were living at home. it bumped up to 26% even though unemployment has dived for this group from 12.4% in 2010 to 7.7%. i'm going to let you go first to try to defend this. what is going on. do you live at home? >> i do not. melissa: okay. >> a number of my friends do. there are important reasons. melissa: laundry? food? >> that is always a perk, right? lots of things are getting better for economy but for millenials there is a lot to deal with. $35,000 in school debt.
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health care premiums skyrocketing. stagnant wages. a number of factors still bad for millenials. it is not lays at thisness. melissa: sounds exactly like the condition i faced when i got out of college. i sort of had a college job and saved up money. you get some credit cards. you don't necessarily pay off your college debt that well but still moved out of the house. what do you think going on? >> first of all still have my children living with me. they're one and five. i think there is more income insecurity these days. melissa: yeah. >> these people have jobs. but they might not necessarily feel confident that they will be able to keep these jobs. you have this move towards urbanization, in order to get these jobs they're living in much more expensive housing markets. if they have parents living out on long island and looking at job in manhattan, maybe they wait a while before they pay $4500 rent. melissa: maybe more socially acceptable, veronica. we say it is about the money.
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i don't feel like people at this age necessarily make smartest financial decisions. they do what is illogical because what your friend are doing, when you move out with roommates. this is maybe socially acceptable. >> i think it is. last five years it has changed. i remember a couple years ago, people would say that to people, oh, my gosh -- yeah, me too. so i think it is socially responsible in certain situations. i think it does make sense for people's finances in certain conditions. if you have got a lot of loans. if you can't afford the rent. like you said, not a bad life-style, get laundry done and meals made, hey, why not? melissa: break it down. what do you think it is? is it all of those things? >> i think a little bit of both. a little of a cultural shift. i think predominantly economicked. london school of economics, staggering effect. longlong-term unemployment they delay buying a home, delay
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getting marriage. 10 years of stagnant wages. melissa: you made point at beginning, it is really true the job market is so competitive now that wages are terrible no matter what. thanks to all three of you. i solved it. i'm keeping kids at home. ashley, over to you. ashley: melissa, thank you very much. whether on wall street or main street here is look who is making money today. angry birds are back, better than ever. today they launched sequel, angry birds 2 to the iphone app. took three years to make. it will include new strategies and characters. i swear. as well as daily tournaments. we know what everyone around here will be doing. shares ending up nicely on the day, up 2%. dr. dre fans the wait could be over, possibly. actor and former rapper and partner dr. dre could release
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the first album in six years on august the 1st. we shall see. adidas is becoming one with the force. the athletic apparel brand is teaming up with "star wars" for limited edition sneaker line. get fans excited, not that they need to, for the upcoming movie, the force awakens which debuts in september. shoes start at $110. may the force of your wallet be with you. there you go. very shiny. social media giants shrugging out in earnings. linkedin was up 13%. shares cooled down a little bit. we'll have the latest trade coming up next. ♪ not the device that is mobile, it is you.
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what happened to linkedin. looking so good after better than expected report. here are some of my thoughts and my interpretation. you did have 33% increase in the revenue in the quarter however that is decelerating. you also have their products which did show double-digit percentage growth. premium subscriptions rose 22%. here is a lot of it, a lot of subscribers coming in from overseas. 70% of the linkedin subscribers are international. many of those,. of those are going on from china. we know what happened in china, shares cratering. they're now about flat. want to tell you about expedia, coming in, shares in the extended session up about six 1/2% right now, 1.66 billion. that is an 11% increase in revenue from the last quarter last year. $3.38 per share. basically sales, bookings growth increase significantly.
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hotels.com is strong growth books jumped 20%. average room night up 35%. expedia on track to try to buy its rival orbits worldwide though it should face regulatory scrutiny. there it is. >> thanks for all the heavy lifting. deirdre bolton is here to take you through the next hour of fox business with "risk & reward." deirdre: melissa and ashley, thank you very much. soulcycle is going public. my discussion with the majority owner equinox. links inn beating results on top and bottom lines. it may have cracked the recruiting formula. we'll tell you what the stock is doing. google annoying u.s., u.k. governments by making it almost impossible to gain access to their information. "risk & reward" starts right now. dr
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