tv After the Bell FOX Business November 4, 2015 4:00pm-5:01pm EST
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take us through it all. melissa: who is hillary's biggest threat for the presidency? a new poll with head-to-head numbers. first stocks down off session lows following mid-morning after janet yellen said a rate hike in december was a possibility, the dow now down about 60 points here as the closing bell rings on wall street. the closing bell rings] this is it where we end the day with major indices. closing bell ringing on nasdaq and wall street. down 7 points on the s&p. basically flat on nasdaq. crude oil down, taking a pretty significant hit, down almost 3%. david: some averages could change momentarily even after hours, facebook expected to release third quarter earnings any moment. we have a all-star panel to take us through it. tech expert, jo ling kent, charles payne, "making money with charles payne" and jonathan hoenig, capitalist hedge fund. scott martin, fox news
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contributor, and christina warren mashable senior tech correspondent. jo, first to you what are people expecting? >> we're expecting to get 52 cents a share and revenue $4.3 billion that would be 36% year-over-year growth. we're looking for pretty significant bump in monthly active users. more than a billion people currently on facebook. we'll look at mobile and where mobile ad revenue is for the previous quarter. mark zuckerberg has been spending a lot of money as well on some new initiatives. i will take a very close look at some costs and expenses. david: charles, is this a stock overvalued or undervalued right now? >> we took profits two days ago. i blinked. >> hope you're wrong, charles. >> listen, "flash crash," the stock was in the 70s. that was absurd. i got a little nervous after watching amazon reaction to its results and google/alphabet, certain names getting benefit of the doubt and facebook is one of those names.
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sometimes when you have it you take it. david: scott, what about you, over or undervalued? >> i think it is under, david. full disclosure i'm still long facebook it hurts sometimes. charles is right. won't tell you where but it hurts. charles is right, the stock is priced to perfection. david if they don't hit the numbers and blow them out i think you will see negative reaction but i'm counting on the numbers being very good. david: jonathan, looking at so many stocks, nasdaq, google, et cetera and on, if facebook is so well-poised to be main source of the information on net? google i would put up there. many people say google more some what would you say? is facebook well-positioned or might it be passe in couple years? >> david, market certainly doesn't think so. that is what you have to trust. the market is very smart about so-called internet stocks. groupon.com at all-time low and
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facebook, amazon all at all-time highs. that's bullish. this question about valuation, when is valuation ever been a factor with these high-growth stocks? so, doing innovations like -- the fact -- david: jonathan you couldn't hear that, when it begins to go down. >> absolutely right. david: let me ask christina, i want to ask christina about what they are doing. they have been spending money on a lot of ventures. all sorts of things. oculus which fascinates me. that will be oculus goggles will be available probably early next year. they have instagram. they have notify. they have a whole lot of stuff. will we see any indication whether revenues beginning to come in from the things they have been buying? >> i think too for us to see any revenue from oculus. like you said the product isn't even out. look at instagram, that they already have 400 million users. that is serious eyeballs. facebook and messenger will
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bring in serious revenue. both of them have. with facebook being so huge on mobile, having instagram, having whatsapp, having facebook messenger is great way for them to increase ad revenue game especially. david: charles, there is guy i have known, uri medicaller in, owned at one point 10% about facebook. i asked about facebook, what is different from everybody else? this guy zuckerberg is from different universe. he has way of thinking about the future nobody in silicon valley has. do you agree? >> i agree but unlike zuckerberg like the guys that run twitter with the bad result, they didn't adhere to wall street. zuckerberg found out right away you have to appease wall street. david: i have to cut you off in midstream. ashley webster has numbers. >> here are the headline numbers, david on facebook. eps earnings per share 57 cents. that is a five cent beat. revenue of 4.50 billion, beating
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estimate of 4.3billion. one of the quick numbers i saw as results came down, 1.55 billion monthly active users. i believe that is up from 1.49 billion. number of people using facebook continuing to grow. david: going up after-hours. melissa. melissa: go back to the panel, reaction to the numbers. charles payne, does it hurt you that they beat. >> i got out around 106. i'm glad they beat. there aren't a lot of winners out there. facebooks, amazons google are masking a lot of carnage in the market i like the idea market has leaders but there are no coattails. i would like to see buying filter down to other names. melissa: christina, let me ask you, active users that is one of the big numbers everybody wanted to hear about, 11.55 billion. how does that stack up what you were looking for -- 1.55. >> that is better than i was looking for. hard to increase quarter over quarter, year-over-year when
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you're in stratosphere of a quarter of the world's population. when you consider so much of developing world isn't reason on line, facebook is taking opportunity to get them online and they're killing it. melissa: scott martin, what did you think of the beat on the revenue number? >> it looks great. it is what i was expecting. without digging further into numbers, melissa, i think you see a lot of great results frankly instagram is crazed beast of social media and frankly whatsapp ain't no bunny rabbit either. if you're looking at future of this stock, yes facebook is certainly thing to look at how it launched company but there are some other things the company will do going forward that factor how the price of the stock will go forward. melissa: i hear you chiming in there, as representative of millenials here, you, not me, when you look at facebook's friend untheir instagram whatsapp, messenger, oculus, these are a lot of names younger people i talk to are done with, they moved on. can they keep up with the pace
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of what younger people want to do? >> interesting. i was looking at couple surveys earlier this weekend preparation for earnings, instagram is by far number one social media app for millenials on younger end of things. look at facebook supposed to be apparently your parents are, mobile monthly active users are really strong. if you look at 1.39 billion users on mobile monthly basis. so that is very strong increasing mobile add revenue overall. messenger seems to be doing relatively well. melissa: okay. >> oculus is big gamble and spend. i'm going through some of those numbers right now. david: melissa: jonathan, let me take the point further. she says instagram is really hot. they haven't figured out how to make a ton of money. are knew stream, what do they do about that? >> eyeballs just as same as viewers with set-top boxes with cable revolution 20 years ago.
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they keep raising those eyeballs. we talked about 1 1/2 million monthly users. when you add in all the other apps popular like instagram scott talked about you're up to 2 billion monthly users. look at stocks, unlike twitter who nobody adopted its new innovation people are happy to try, excited to try facebook's new innovation. why facebook is at all-time high and twitter at an all-time low. melissa: scott, do you agree with that? >> i do. you make a fair argument about instagram, melissa. this is company year or two ago was struggling with mobile and mobile ads. in matter of quarters or two they totally flipped that on its head. i have no doubt if there is no question they will monetize instagram some more, they will find a way to do that too. melissa: charles, what would they have to say on call to make you get back into the stock? >> it is all about mobile and oculus and whatsapp. i signed up for whatsapp because
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my son going to school in london. i'm impressed with the product. start to monetize these things, nine hundred million eyeballs. that is amazing. you have to start getting return on investment i hope they say something like that. a little too early with oculus. nevertheless exciting. everyone chimes in on instagram. that is the big moneymaker right now. melissa: christina, you're talking about i have whatsapp because it is free. how do they make money off that? not the technology is so fantastic. you're able to text with people and exchange stuff and not paying anything. >> sure you can monetize a lot of different ways. there are ads they haven't rammed up on instagram. look at ads on instant messenger and instagram. adding different emote cons series. that is area they haven't jumped into where competitors have gone all in and made a lot of money. facebook hasn't even tried.
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melissa: i can see charles with more emoticons. ponying up for a little happy face. david, let you take it away. couldn't help myself. david: that is a good image. scott, let me talk numbers. don't want to get boiled down in these numbers. but they're extraordinary. 1.55 billion active daily users. ad revenue alone, 4.3 billion. in the same time period last year it was 2.9. only some people in the world! eventually they will run out of people. looks like they're going in that direction. >> well, david we found water on mars a few weeks ago. so they could go there. jupiter is a big planet but christina mentioned something earlier. the return on these eyeballs will be huge and at some point i think jonathan mentioned the valuation question. at some point this stock will not be based on earnings, it can be based on cash flow or revenues. that is when you get higher prices in stock and get buyers in. david: christina, you talked
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about expenses, i think only, they have 11,000 people working for them. for a company with market cap, what is it, 280, $290 billion is the market cap i would think they could expand much beyond where they are now, no? >> they definitely could but you want to balance how much you expand. i think this is why they're expanding the right way, making investments in oculus. that is investment in future. david: that was about two billion, wasn't it? >> two billion. whatsapp was more than that. buying eyeballs to make sure google didn't buy whatsapp. i don't necessarily they think to spend more when they're doing well with the workforce they have, growing at steady pace i think is better than just overexpanding. david: charles, what about competition here? is it real threat in terms of hardware like oculus stuff or instagram, some of the software? >> there is private company talking about virtual reality augmented that could --
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david: what company is that? >> it is a private company. i have a mental block on it. they raised another billion dollars. huge company out of florida. but i will raise this. i think amazon, google alphabet could dominate next year at minimum. they can share this world together, conquer this world together. three major empires on the run, all american companies doing very well. david: what price are you getting back in facebook? melissa: that is what i want to know? >> you know that was a gift after the "flash crash." melissa: tomorrow. david: thank you. our all-star panel really did well. don't forget to watch "making money with charles payne" at 6:00 p.m. eastern. he will have full coverage and brand new analysis of fox news political polls that will shape the next week's fox business debate. of course you don't want to miss that on november 10th. melissa: earnings alert, whole foods reporting fourth quarter results. elizabeth macdonald in the newsroom with those numbers.
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emac? >> wall street consensus looking for 34 cents. they missed by four cents. top line miss came in at 3.44 billion. that was a slight miss. wall street was looking for 3.47 billion. top-line sales. not sales growth wall street was looking for only about 6%. what is going on here? we know whole foods hit a four-year low on monday. it is one of the top 20 worst performers in the s&p 500. it has lost about 39% of its share value year-to-date. what is it doing now? it announced a big stock buyback. a billion dollars it will spend on stock buybacks. it is boosting the quarterly dividend to 13 1/2 cents per quarter. they have sheriff developing cash on balance sheet, schiff developing. they will lay off workers ensuing eight weeks.
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there is a lot of complaint about poor store customer service. paying top dollar getting bad service in the stores. if there is costco or walmart or kroger on corner near whole foods people tend to go to those stores instead of paying top dollar at whole foods. john mackey and the team having a tough go of it. the stock was down more than 5%, trading down 7% after-hours. back to you guys. melissa: emac, thank you so much. david: new intel coming out about that russian plane that went down in egypt. what the united kingdom now says may have been the cause and why they won't be flying their planes in the region at all. melissa: it's been 36 years since the american embassy in tehran was overtaken. today the tehran marked occasion by burning u.s. flags. david: that's what they do. we told you how donald trump lashed out at marco rubio yesterday. now rubio is hitting back. ♪ ates. it's a fact. kind of like mute buttons equal danger.
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melissa: ben carson beating hillary clinton in mock election battle, in "quinnepiac poll." much closer contest if hillary takes on donald trump. joining me with details. blake burman from d.c. blake? reporter: new pole from quinnepiac university a donald trump and ben carson remain well ahead of republican field at the moment. carson and trump are 24 and 23%. with senators marco rubio and ted cruz the only others to crack double digits. trump largely left cruz alone but recent days he begun to focus attacks on carson who is currently drawing large crowds on book tour and rubio. trump stopped through new hampshire today and continues to call carson low energy. he made a bold statement about
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rubio's future. rubio then, upped the ante. >> rubio's going down next. i have to tell you something, folks. we need tough, great people with tremendous energies. we have to bring back our jobs. >> he always gets weird whenever his poll numbers go down, he goes off a little bit. i guess that is what it happening. we'll focus on our campaign and pray for donald. reporter: the "quinnepiac poll" shows hillary clinton climbed above 50% and has 18 point lead over bernie sanders. however potential almost general election matchups against republicans show she is mainly in the red. when pitted head-to-head against five different republicans clinton only beats trump and 10 points behind carson. back to you, in new york. david: blake, thanks very much. voters all over the country handed republicans and conservative-backed cause as string of big victories last night. in a huge upset, republican businessman matt bevin won kentucky's gubernatorial race by
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commanding 9% lead. late as yesterday he was considered a long shot. he vowed to roll back expansion of obamacare in the state. democrats held the governor's seat for all but four of the past 44 years there. voters in houston rejected measure banned discrimination based on gender identity and sexual orientation. many saw the bill as attack on their christian beliefs and would allow gendered men to use women's bathroom. marijuana use was soundly defeated in ohio. 65% of voters rejecting bill, with everyone of the 88 counties voting no. melissa. melissa: schocking new report of big business profiting off the death of our american troops. you don't want to miss this one. is college worth the cost? the expensive investment may not pay out with the job that you want. ♪
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david: shocking new report from republican senators from arizona, john mccain and jeff flake that department of defense actually paid american sports teams to honor american soldiers at sporting events. mike emanuel has the story. mike? reporter: two arizona senators pointing to $2.6 billion on paid patriotism on sports events. from the wisconsin national army guard to sponsor god bless america. is a $09 to the major league l.a. galaxy for pregame recognition of high-ranking air force officers. $20,000 to the new york jets to recognize new jersey army national guard soldiers as hometown heroes. today the chairman of the senate armed services committee, a well-known veteran, expressed this frustration. >> the dod is the one we had
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problem, one, getting information from. and, two, acknowledging that this is a practice that they should not engaged in. reporter: mccain and fellow arizona senator jeff flake praised many in pro sports doing great to recognize the military and thanked leagues and franchises for good work. but flake said patriotism isn't right. >> what is up upsetting that people see tack activities like this, people assume are paid for out of goodness of heart by owners and their teams. to find out the tax payer is paying for it, it kind of cheapens the whole lot. reporter: both senators are suggesting pro sports franchises should donate taxpayer money they received to either military or veterans charities. david? >> you don't have to pay people to sing, "god bless america." mike emanuel, thank you very much. melissa: more details coming out from facebook. go back to jo ling kent digging through the report.
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what do you see? reporter: daily active users is the real headline. that is how many people are using it every single day. 1.01 billion people using facebook. that is a pretty astonishing number. looking back at nuts and bolts, eps, revenue, $5.5 billion. earnings were up 11% despite the fact that they spent a lot more money, costs were up 68%. ceo mark zuckerberg still able to pull through a very impressive quarter. another major metric that a lot of analysts and investors watch, mobile active users. 1.55 billion. in the after-hours, we're seeing facebook pop pretty significantly. continuing to hit those all-time highs. melissa, one number a lot of advertisers and potential partners of facebook are watching, mobile ad revenue. they knocked it out of the park. 78% of all ad revenue is now made up by mobile ads. so it is shown that facebook's
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slow turn towards mobile is definitely working at some level here. we now know, of course we knew before instagram, 400 million users. what's app, nine -- whatsapp, nine hundred million user. melissa: great stuff. david: more companies like whole foods and godaddy released third quarter results. we'll give you numbers you need to know coming up. melissa: plus breaking details on russian airliner crash involving islamic state. how the terror group might be involved. that is coming up next.
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david: breaking news in the investigation the deadly russian plane crash. two sources telling fox news that evidence points to an explosion on the jet. a congressional source adding that an isis device is under strong consideration but no conclusion has yet been reached. joining me now, fox news middle east and terrorism analyst and criticize harmer, senior naval analyst at the institute. chris, the information about the explosion whether there was an explosion onboard the plane, i'm told it's more intel on the ground than it is forensic evidence at the crash site. what are you hearing? >> yeah. i'm hearing the exact same thing. it's too early to get forensic evidence, reconstructing an aircraft crash scene can take months or years depending on the complexity of the site and the flight data roared, the so-called black boxes. in this case i think it's
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absolutely fascinating that the word we're getting is that this is intelligence analysis, not forensic evidence. i doubt people would be putting that information out there unless they had some fairly solid leads that indicated this was isis. the other thing to keep in mind is this is not necessarily an explosive device in terms of an ied. it could have been something as is someone miss labeling cargo, putting cargo on a aircraft that's not intended to be. now, functionally that acts as a bomb in flight but the same impact either way. charles: although the that thing makes me think of premeditation, that video, i can't think of that video that isis put on the internet which shows the plane exploding in the sky and following it down. if, in fact, it was the russian plane that went down, how would the -- excuse me how would isis know to put the camera up there and shoot it coming down? >> well, number one, if indeed it's isis, we will actually know with an actual video that isis will be very happy, quote, unquote show in the future and give names and information.
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this did not happen so far. but the intention is there. isis has threatened the russians, we go back weeks in time and look at all of these and as you mentioned that video. and all of that indicated it could be strongly possibly isis but we need to have the piece of evidence. the master one, which is a statement by isis on the issue. david: okay. well, meanwhile thousands of iranians shouting death to america as anti-america rally celebrates 36 years since the iranian hostage crisis. just the latest in a fluory of anti-american behavior all over iran since the nuclear deal was signed. so did the deal actually strengthen the hand of iranian radicals? this was sold to the world by the obama administration, this would pacify the radicals, seems to have done just the opposite. >> absolutely. the opposite has been warning and warning, congress and the administration and entities and media that what the iranian leadership is going to do. it's going to actually have that define begin to receive
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the money, which is up to $150 billion and change nothing. three of the things that was supposed to change, number one is cut about a being on the nuclear development they go forward and number two change the narrative just mentioned that there are more americans than ever before and number three draw from the region and the aggressiveness and they're not. they're actually going forward in syria and iraq and yemen. melissa: chris, where are they likely to specifically spend that money? they're going to have as much as $100 billion a year extra money to spend because of the release of the sanctions. are they going to spend it on military hardware, will they channel the money into terrorist in europe or what? >> yes, yes, yes, and yes. good for the iran, bad for things us, the iranians have this set up, the rest of the militias, in addition to that, the defense industry's objection, the military-industrial complex of iran supplies numbers of
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terrorist organizations with service to service rockets and other military equipment. so the iranians have the infrastructure in place to spend this money quickly and effectively. this is a really bad day for american national security when we turn this pipeline back on to the iranian leadership. david: thank you very much, gentlemen. good stuff. thank you. >> thank you . melissa: polarly polaroid suing gopro over the cube camera, it was analytics may months before the gopro session. the maker of polaroid alleges that gopro infringed on its patent. we'll have to keep an eye on that one. david: and tesla ceo elon musk making a prediction about driverless car technology during the company's earnings call. that in 20 years car makers will be rolling out fully autonomous cars and i'm quoting him here, any cars that are made that don't have
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full autonomy will have negative value. it will be like only a horse be you will only owning it for sentimental reasons. so says elon musk. melissa: we'll see. and could it apply to all of your intoxications? i don't know that sounds dangerous. google is rolling out a new feature called smart reply that sends quick responses to e-mails when you're on the run. here's diedre bolton, this sounds like a disaster. >> it does. it sounds like the movie her, i don't know if you saw that but it's basically artificial intelligence taking over. so this new feature, it's going to monitor your e-mails, melissa, and suggest to you a couple of variations based on content and based on tone. so that's pretty precise i take it. so google can basically analyze these things. i guess if you want to mess with google a little bit, put some stuff that you're not interested in at all. put in clothes shoes and then
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wenbago and see how many ads come up. but it's more and more of this presence we'll be talking about, robotics and artificial intelos making our lives easier but also perhaps making us a little bit more disconnected. melissa. melissa: well, if you send that e-mail and you don't like and you regret, st. john it wasn't me. >> there we go. melissa: see you at the top of the hour for risk and reward. looking forward to it. david: and the keystone pipeline, this thing just keeps dragging on and on, the canadians are probably more sick of it than the rest of it but the state department said they're not going to delay on the keystone pipeline review that they will be coming out with that review sooner rather than later. again, stay tuned to that one. melissa. melissa: well, it is no secret that college costs an arm and a leg but for some students the price may not be worth the hype. and what's in your beer? the surprising answer that
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david: a lot of big names reporting earnings this hour, ashley webster watching the action from the floor. who's moving now? >> another big day, whole foods, you heard from liz macdonald welch they missed on their refresh your recollection share by about four cents, the revenue coming in just a bit under as well. but this company has really been struggling as competition has picked up and analysts say they just haven't responded quickly enough. traffic down in this latest quarter by .8%, same store sales dropping .2%. they have said that they're working to lower their prices because of that competition, we have the walters and the costcos now offering offering organic healthy foods, starting to hurt whole foods or some call it whole paycheck.
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so this is a stock under pressure and certainly an under pressure after hours trading down some, 7%, it was down 9.5% when the results came out. now, let's flip it around and talk about the stock that's doing very well. godaddy, they sell domain names and offer other services as well. they're -- earnings for share coming in at 7 cents. the actual -- loss of 7 cents, the actual amount came in that loss of 4 cents, the revenue beating slightly as well but this stock is on fire, the sales are up 17%, bookings are up 4% year over year. and, by the way, this company dominates the market. in fact, analysts at jp morgan call it the walmart in the domain industry. and because of that, it continues to gain customers and revenue, guys, back to you. david: very exciting company. ashley, thank you very much. melissa. melissa: college is an expensive investment and for some a lousy return. going to college becomes more and more expensive, the pay
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out is supposed to be a well paying job but a new study from the wall street journal that finds students who graduate with liberal arts degrees get paid than their university counterparts. here lori and scott martin. lori, i want to start with you because you were looking at the numbers. >> yes. melissa: and they were really staggering because it's not just less. but what they found is that nearly half of the liberal arts colleges, the median salary ten years out was below $50,000. >> yeah. i mean some would say this data is shocking to no one; right? your parents -- melissa: i don't know. >> if you go to a liberal arts school and you study literature, and you want to become worldly and grounded that's fantastic but you're not going to get a good job. whereas the other side of the study found that if you go to a targeted research university and study want to profession, you come out of school and after ten years your median income is 70,000 plus dollars per year. so i mean there's a huge
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disparity there. but we talk about this and we talk about the overwhelming cost of student loan and don't you think it comes down to the fact that it's up to the student to decide what he or she wants out of their college education? . melissa: absolutely right. scott, let me ask you. people are criticizing this study saying it puts too much emphasis on money and earnings to which i would say that's wonderful if you can afford or your parents afford to pay $100,000 or $200,000 on college for you and you don't need to earn the return and later earnings don't matter, wow you're incredibly blessed but i don't think a lot of people are in that position. >> no one i know is and that's the exact point, melissa. i mean you go to college to get educated, to get a job and don't be surprised that i've studied the romance languages in college because frankly i didn't actually know what i wanted to do when i was 18 years old and went into college and went away from home for the first time. so that's really the tough thing with all these numbers
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is a lot of these kids go to school, they work hard, yes, they get some degrees that are worthless but they come out and don't make any money and carry around the debt for the rest of their lives. melissa: i want a problem that they're going into debt for this and they may not be paying attention for the fact that if you go into debt for liberal arts education, you're not going to make that money back and you have to have your eyes open about that. >> well, why are these making these irrational decisions, melissa? because government dominates education. education is one of the most regulated elements of our economy so the government offers below market loans and huge subsidies, both on the federal and the state level. the average state subsidy for per student is about $4,000. the net result as you said is a lot of people who probably should have made the choice because they're stuck with debt and not a good return on investment. melissa: the net result is that you inflate the price of college. the reason prices are going up so high faster than the rate of inflation because of all
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the easy money in the college area. >> what it cost to run a major institution and to pay the professors, i think it was our colleague liz macdonald who made the point feathery day that, you know, you bring in all of these oil industry executives, you haul them on you the to capitol hill and challenge them and no one has done that with the people running these academic institutions. melissa: that's a great point these. >> so a lot of questions to be answered there but the other point many students with a liberal arts education have a longer academic career. so to look at their earnings ten years out, i don't think that's where your peek earnings hit. melissa: i don't know if they have peek earnings but anyway. >> oh, come on. david: well, candidates on the attack this time it's personal. it's always been personal. let's face it. marco rubio striking back at donald trump's claims about his finances. and who is the most powerful person of them all? the most influential leader in the world. here's a hint. it is not president barack obama
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call unitedhealthcare today. ♪ david: whether it's on wall street ore main street, here's who's making money and losing money today, vladimir putin -- that picture. something about that picture for the third year in a row the russian president taking the top spot on forbes no, it's most powerful people, of course with power comes money, a lot in his case. barack obama at number three, marking the third year that a president has not made it into the number two spot, that was ms. merkel from germany. and the football team the associated press poll since 1981 is now number one in the first college football play off ranking of the season. lsu, ohio state, and alabama round out the initial standings. and losing money the hard way
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an australia woman who posted her winning ticket in the horse race on facebook had it stolen by a friend -- well, by a former friend who used thecodr winnings, the ticket was worth about $825. melissa. melissa: all right. ben carson giving donald trump a run for his money on the polls but the billionaire zeroing in on another participating calling out marco rubio's financial history at a rally in new hampshire this morning. listen. >> marco rubio has a disaster on his finances. he has a disaster on his credit cards. when you check his credit cards, take a look at what he's done with the republican party when he had access. what he had to put back in and whether or not something should have happened. you'll understand it. marco rubio has a basic disaster on finance. melissa: wow. all right. here with their take on the brewing trump rubio battle, alan, and
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investor political reporter, so marco rubio offering fox news channel this morning in order to respond to these comments. here's what he had to say in his defense. let's listen. >> it was a charge card, american express. and i was secured under my personal credit and in conjunction with the republican party. and every month i would go through the bills and if there was something on there that was personal, i paid it directly to american express and if it was the party, the party paid for it. and of course the media convoluted all of this, and it creates these stories but it has been largely discorrected . melissa: so, betsy, this is not a new issue but, first of all, are you satisfied with his response? that addresses most of it, there was a little bit more to it, i mean there were some times it took him a while to pay it back, you know, there were some trips, et cetera. what do you think? >> yeah, i think it's a fair response. i think it's understandable and, look, the criticism that trump leveled was millie mouthed and incoherent, so i don't know if it was merit rubio all of a sudden everything about his personal
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finances and showing them to the world. that said, this is something that has the potential to be a problem for rubio, his financial issues, dogged him in the past and in stories like this. melissa: yeah. >> sometimes, unfortunately, the perception is a bigger issue than the truth. so it's kind of the optic here might be a larger problem for him than the actual substance . melissa: so, alan, if i think political watchers what you really take away from this is that trump is targeting rubio. that he feels like he's the biggest contenter right now even though he's a threat. >> i think rubio is a threat, trump recognized that rubio's getting the narrative right now about the person who's the likely candidate. so he's very smart to be target him. rubio, although he hasn't addressed those issues, but he's very smart in what he's responding because he's not attacking trump, he's saying god bless him, let him do his thing.
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he's ignoring. something smart of rubio not to engage on the level trump is. melissa: he even said something like he always gets a little funny or a little crazy when his polls start slipping, i forget the phrase but we all went, yeah, that's pretty much true. so jeb's reset, though. you notice he's not taking aim at jeb because i guess he's as much of a threat. is jeb's campaign reset working? >> so far, there's very little evidence that it's working out. and the important thing here too is that this is not jeb's first reset. he reset his campaign before he even started running back he changed the campaign stuff to the lead up of his announcement made some major staff changes over the summer, this is a reset of the resets, none of the resets have generated results, the fact that he's branding this reset as jeb can fix it, he's just telegraphing that are things in trouble, and the fact he's
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at 4% in this pin apologize,. david: whenever i hear reset, i think of -- remember hillary's reset? meanwhile the bigger mac, mcdonald's,. melissa: look at that. david: that looks juicy. we'll talk about it coming up if you're an adult with type 2 diabetes and your a1c is not at goal with certain diabetes pills or daily insulin, your doctor may be talking about adding medication to help lower your a1c. ask your doctor if adding once-a-week tanzeum
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is all in one place, so finding more insight is easier. it's your idea powered by active trader pro. another way fidelity gives you a more powerful investing experience. call our specialists today to get up and running. >> mcdonald's messing with perfection. fast-food giant testing gore may burgers in u.k. to compete with shake shack and five guys. jonathan and scott are back. let me start with you. this is like the girl next door trying to be vixen. shouldn't they stick to their knitting? do what you do best. >> called competition, melissa. although mcdonald's stock is doing great, they're facing it from companies like this. this is red robin gourmet burger. look at side of these burgers.
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they're huge. this tells us that mcdonalds is on the right track. david: i think of mcdonald's burger least attractive part of their products. i love fries and fish fillets. it is time for them to beef up, isn't it? >> beef up, i like that, david. i do like the fries but i think you get expectations and get them delivered at mcdonald's for flat burgers with little ketchup and little mustard. that is what i go there. david: beer is my favorite thing in the world. guinness is going vegan. they have been for decades using by-products in the filtering product. they're taking it out, scott, is it good idea or not mess with success? >> don't mess with success. who hasn't used fish liver for filtration. that is not normal. >> jonathan, they are fish guts in your beer. i think there should be something done about that! >> melissa, they have been in guinness for literally decades. people enjoy it.
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these are natural products that enhance -- listen there are a lot of placeses in the world where bugs are main protein source. to make a little hullabaloo about exinterest in your peer is missing the point. david: in ireland they give it to babies. >> here is "risk & reward." guys. trish: tech titans moving markets, facebook, amazon, tesla. welcome to risk and reward -- "risk & reward." facebook beat on top and bottom line. it is moving in the post-market session. jo ling kent my colleague is here with me with more. jo, i had two stand out metrics. mobile advertising everybody was upset with for so long they rocked it. >> 78% of all ad revenue. they were taking off, so much trouble with mobile. not so much anymore. trish: not so much anymore. mo
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