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tv   After the Bell  FOX Business  October 24, 2019 4:00pm-5:00pm EDT

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bmo. low volatility equity fund. it is okay to be boring. thank you so much. [closing bell rings] doesn't look like a win for the dow. down for the dow 24 points. s&p and nasdaq are green. that will do it for the "claman countdown." connell: busy day for corporate results on wall street. one of the biggest heavyweights moments away from reporting is amazon set. melissa: look at amazon. connell: they're all cheering for. we'll see if they're cheering when the numbers come out. mixed averages for the dow. dow fighting for gains in the last few minutes. closing down 28, 29 point. down to the lows of the session. we were down 119 points earlier on today. good to be with you on a thursday. i'm connell mcshane. melissa: amazon day. also thursday. i'm melissa francis. this is "after the bell." the s&p 500 also fighting for gains at the close ending in positive territory. the nasdaq in the green for the second day in a row.
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yes we're double-checking, that's right. take a look at twitter plunging today after the company added plenty of new users but struggled to sell advertising. the drop shaving off 1/5 of the company's value, wow. connell: better day for tesla. that company overtaking general motors, most valuable american automaker. how about that? following a surprise third quarter profit. tesla shares up more than 17 1/2%. there you go. melissa: as we're waiting for amazon let's bring in today's panel. jeff sica, circle squared alternative invests ceo, john layfield, layfield report. he is also a fox news contributor. john, i will start with you. what are you looking for in amazon? >> one-day shipping, what the cost is going to be. amazon has done so much to get to one-day ship forge with hundred customers. there are experiences incurred, how they are incurred going forward. melissa: jeff, how about you?
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>> i agree with john. one day shipping is big ken for all of us. this is amazon's goal from day one, to get -- melissa: pause for one second. connell: couple quick numbers. revenues better than expected at $70 billion. the estimate was just under 69. the issue here, we'll figure it out with susan in a second will be on the earnings side. expected to earn 4.62 a share the most recent quarter. the number crossed is below that. the stock is already down 5%. so that might be a miss on the earnings side. the headline that crossed by the way on the wire is $4.23. $4.23 a share. question from our team always, whether that number is comparable to what analysts are looking at. john or jeff, jeff we can go from stock reaction. it is not so hot? >> obviously the stock isn't reacting well. i think the revenue number seems to be okay but that earnings
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number i think has been the major concern because of what their capital expenses are. i would guess without having, without looking at report, they spent more money than they thought they were going to spend but i think investors should look at this in the long term, know this was their plan from day one. no matter what happens, they will continue to follow down this course. melissa: john, what do you think? >> i think jeff's right. the revenue number is the most important number. they had such big july prime day, the biggest day in the history of amazon, people expected revenue number -- earnings were better than expected at leave in precursory note. amazon is doing a lot of things. they're building their own transportation hubs. prime video service. one day shipping there is a lot of expense here. melissa: we're getting more data. let's go to susan li who has more color on the numbers,
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susan. reporter: missing estimates in the quarter. revenue as you mentioned, i would say pretty much in line. we'll look at that. we're trying to reconfirm the numbers with our estimates as well to make sure they're in line. this is a big miss. this is probably one of the main drags on the stock, is amazon web services. cloud has been drifting growth for amazon. they were the first in the space, six years ahead of microsoft and everybody else. weaker-than-expected than expected in the quarter which is very disappointing. they put in $8.9 billion in sales, the street, is looking for 9.1 billion is slowing growth for something that will anchor amazon sales and profits in the future this is big weigh on the stock in after-hours session. connell: that is the one number we're looking for. jeff, john, susan stays. amazon web services we were expecting 9.1 billion.
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that would have been up 36%. even with that, people say it is is not going 40%. now you come in below that number. what do you make of that? >> this is the curse of high expectations. this has been a continue all growth engine for amazon. does that say microsoft is catching ground or web services don't have the growth they once had? if that comes out of the number, that web services will not grow what they did in the past that is something to really look at, because expectations have been so high for this. and even a number that appears to be good is not good at all. we have to figure out what the implications of this are going forward. melissa: a little note of guidance here. fourth quarter net sales guidance anticipates a unfavorable impact of approximately 80 basis points from forex exchange rates. third quarter sales up 24%. that is percentage on the number
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we already knew. go ahead. connell: john layfield, from what i understand, susan will have more in a moment, we're trying to figure out, the revenue number which i mentioned was $70 billion, how that compares to estimates but i still think, john, if you look at the web services number, which is the cloud number, go back to susan with more detail. susan: guidance was much lower than anticipated as well. street looking for a range, something closer to $87 billion for sales in the next quarter. that is important. it is the holiday period, right? looks like amazon is guiding something less than anticipated. around 80, to 85 billion which is not good for premier three month sales for the month which includes christmas and black friday and everything else. connell: read into that john, maybe you can add to that, this should be a good time of year for a company like amazon but if you're spending like crazy, difficult to make it one for one-day shipping whatever the
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case may be. what do you think? >> amazon got a pass from jeff bezos. they were losing money, growing the global behemoth. i'm a shareholder with amazon. i have no problem with the expense side of it because i understand with they are building toward. the aws, is really competition. you don't see competition on online e-commerce except from walmart. better competition for the cloud right now i think that is what we're seeing with amazon, they had stood by themselves so long. they are now facing headwinds. connell: would think on the revenue side, susan, that would be, or jeff, that would be, you know something that you could make up. in other words you could have strong revenue even though costs were hurting you, that could cut into profits. >> exactly. >> amazon is a proxy for the consumer. the consumer has had tremendous, a tremendous impact on the market moving up. the consumer has done fairly well but we're beginning to see
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a pushback. so this might be showing that the consumer is not as healthy as people anticipated. i don't know. we have to look into it, more deeply. but that could be a reality. are the tariffs affecting them? guidance was crucial. this guidance in sitting here, hearing when everybody else is, this guidance is shockingly cautious from my perspective. connell: stock down 7%. >> john, that would be my question too, wouldn't it? when you're looking at guidance lower on revenue, i mean that is either about competition or it is about the economy. i guess that would probably be the first question on the call, right? or try to dig deeper into the details? >> i hope that is the first question on the call. certainly it is the first question that i have. i think jeff is right, this is very worrisome if this is on the consumer and lack of spending. we have already seen a manufacturing recession start in the united states. we're seeing a slowdown but the economy is driven over 70% of
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gdp by the consumer. so far the consumer is very strong. going into christmas will they reduce sales estimates is very worrisome. interesting to see, be interesting to see what they say on the call it is all about. whether competition which i don't think it is. probably like jeff said. probably consumer is slowing which is very worrisome. melissa: or they're sandbagging. that is the possibility too. they could be going conservative on guidance, you know, going to come in with a big beat. connell: bezos talks mostly about the spending and if you're a skeptic, you have to have better performance on the revenue side. when i say talks about it in the news release. he hasn't answered questions on conference call. we're ramping up for a better holiday season for prime. customers love the transition of prime, two days to one. they ordered billions of items. it is a big investment. the right long-term decision for customers. that is what they're talking about moment ago.
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hey, we have to spend now be rewarded later. so. >> the health of the consumer one day delivery is more important than the impulsive consumer wants it right then and there. if the consumer isn't healthy what will happen? melissa: we'll go back to susan li. you don't get the one day service for nothing. in addition prime customer. you have to spend higher minimum amount. i don't know that from personal experience. susan: we like to spend from amazon, don't we. i'm looking at the different business segments in terms of actual sales for the quarter. there were disappointment if you look at the physical stores came out lighter than anticipated. 4.1 billion sales. market looking for 4.3 billion. subscription sales anticipated as well. talking about advertising. this is the new space for amazon to grow in which at the could challenge facebook and google. they control 75% of the online
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advertising industry. this is better than expected for amazon. there are growth areas still. let's not forget that amazon web services putting in pretty strong growth figures. not as much as 40% we've grown so accustomed to. getting to one-day prime. they telustrated to the market, cost them $800 million in the quarterly spend to get to 24 hour shipping. so two-day primes. connell: susan jump into the discussion. i don't know if you heard it about the discussion we had moments ago. it is speculative, about the economy or american consumer or is it an amazon story. susan: we know the record run of profits came to an end. they were being cautious as always. they usually come out ahead especially for the holiday period. same thing happened last year as well. i would say bezos and i heard from jeff will key, head of consumer at amazon at at at
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"wall street journal." they are still spending. the consumer is still strong. connell: that will be conference call type issue. john, does this change your mind in terms of outlook for the consumer largely speaking? the narrative it is hanging in. we talked about it over and over again. for all the issues with manufacturing and other things american consumer hanging in. have you changed your mind or getting cautious yourself? >> i am slightly. this is worrisome number. i'm glad to see the explanation. jpmorgan when they first came out, it happened, what happened in december when you had market selling off. jpmorgan comes out, consumer is strong. consumer is good. market goes on 15% run. same thing this earnings season with jpmorgan going first. you're seeing this come in after this. starting to see worrisome signs of consumer. don't know if it is amazon story. i this amazon is one of the best
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companies in the world. it is worrisome to see the consumer slowing. >> if i could throw this in, fourth quarter operating income, 1.2 billion to 2.9 billion is guidance. it is significantly below the estimate. connell: that speaks to spending on operating income, maybe on terms of getting your expenses. jeff, your final thought? we'll move on. >> the health of the consumer that is the story. i like john am very concerned about this number. i said if the consumer breaks the market is going to break. we have to dig into this. this could be a sign of tough times ahead. connell: always say some of the conference calls are not worth tuning in for. this will probably be. susan, were you saying something before we wrap it up. >> get back to you on the revenue number for the quarter. pretty much in line. connell: fair enough. pretty much in line. guidance it seems. and web services that is hurting it, down 8%. susan, jeff, john. we'll keep going through the
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report. get latest details. we'll get back to you on that. we have other news to cover. melissa: meantime california in the dark. pg&e cutting power to 185,000 customers across the state as emergency officials warn residents in sonoma county of escalating wildfires. we're taking you to one of the hardest hit areas. connell: taxpayer dollars at risk. bernie sanders doubling down on health care even if the middle class foots the bill. melissa: history in the fast lane. ford's most powerful mustang yet. we promised you a first-hand look yesterday. we had a lot of breaking news. we got it for you here today. d t into one monthly payment. and get your interest rate right. so you can save big. get a no-fee personal loan up to $100k.
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connell: fox news alert. better news on another company in a minute. amazon is rough. down 8% after-hours. bided lower after third quarter. the numbers came out were okay but guidance going forward hurt the stock. forecasting fourth quarter outlook will be short of estimates. this is the biggest online retailer in world, amazon. down 8 1/2% facing competition from walmart. just about everybody else.
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now here is the good news. melissa: fox news alert. intel reporting third quarter results. gerri willis with the numbers on that. reporter: eps coming in 1 heroin $42 for the chip company. expectations 1 to in$24. revenue, 19.82 billion. that is double beat. the company also increasing, raising full-year revenue and earnings expectations. they say four q eps will be 1.28. doesn't get much better than this. client competing data center, internet of things, they all beat revenue expectations of analysts. we searched, quickly i want to say, we searched the report for five letter word about china. not in there. we were curious what happened to china sales. we did not find it. what is interesting, analysts saying that they, people were
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loading up on inventory ahead of 15% tariffs on phones. just a little extra piece of information. back to you. >> interesting. good stuff, gerri. thank you for that. connell: maybe intel didn't talk about china. i tell you who did though, the vice president highlighting challenges and opportunities. vice president pence delivering a keynote speech on current state of relations between the united states and washington. edward lawrence in washington with details on that. some speech. reporter: the timing is interesting. china announced series of changes to regulations that the u.s. has been looking for, for 19 months. they prevent forced transfer of technology and up holt patent, trademark infringement. this prompted change in vice president mike pence's speech. hard-line on human rights. blasting china over national security concerns like spying and cyber theft. calling out chinese for what he called exporting the largest surveillance state in the world,
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but the vice president saying that the u.s. does not seek confrontation with china. but wants to level the trade playing field, secure respect for american values. >> we seek a level playing field, open markets, fair trade, and a respect for our values. we are not seeking to contain china's development. we want to constructive relationship with china's leaders. like we have enjoyed for generations with china's people. reporter: his speech put china on notice for abuses but it took aim at american multinational companies. the vice president specifically mentioning nike. >> nike promotes itself as a so-called social justice champion. when it comes to hong kong, it prefers checking its social conscience at the door. nike stores in china actually removed their houston rockets
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merchandise from their shelves to join the chinese government in protest against the rockets general manager's seven word tweet, which read, fight for freedom, stand with hong kong. reporter: he added that nba players and owners who routinely exercise their right to free speech criticize this country but when lose their voice when it comes to freedom for people in china when it comes to the communist party. connell: he really went after the nba. thank you, edward lawrence. melissa: reports of death of retail may be grossly exaggerated if the lines at the new nordstrom in new york city mean anything. we're live on the ground at the company's new flagship store later this hour. apple watch looking at your health but could it save your life a different way? extraordinarily details next.
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>> fox business. visa reporting fourth quarter results. gerri willis with numbers. you're having a busy day. reporter: visa beating top and bottom line. 1.47 against 1 heroin 43 -- 1.43 expectations. fourth quarter net income rising 6% on higher fees. one number that the analysts watch i know is cross-border volume. that was up 7%. the company is seeing good things going forward too. the fiscal year 2020, they see eps growth in the mid-teens. revenue growth in the low double digits. i know that will be looked on postively. as you can see right now, the stock is higher tonight. 1.3%. just to wrap up on amazon, big interest in that story today. they're saying holiday sales forecast, a disappointment, missing estimates. that is bringing shares of the stock down.
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they are forecasting 4 q revenue below analyst estimates. that is got the stock moving down, i believe 8%. 7.5% after hours. so we'll be watching that tomorrow as well. it could affect other retailers going forward. this is disappointing for amazon. back to you. melissa: gerri, thank you. >> you're welcome. connell: another one to look at nokia absolutely plummeting. cutting earnings out look for this year and 2020. citing fierce competition from 5g rivals, that includes huawei. that was the reason for the profit warning, five f. i spoke to a top huawei executive, i talked about the rollout of 5g globally. here is what he had to say. >> i think we have the right schedule for the 5g roll out globally. many of the countries we have already tested.
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they know huawei products. for that reason we cooperate with many countries and also partners for 5g rollout globally. connell: here now is russell holly, mobile nation senior editor. basically a three-way competition. nokia, ericsson, and you have huawei. if you have nokia, your stock got killed today, this is expensive, tough to compete. it would be tough to compete for all the issues that it has, blacklisting or anything else with a company heavily subsidized by the government. what do you make of the competition for 5g? >> i think the competition is best thing for nokia moving forward. i think nokia was under impression it would flip switches to make it work. it ran into problems with alcatel-lucent and radios and nokia technology, didn't really blend together they were hoping in some of the initial reports. curiously, a lot of places nokia
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put foot forward. that was not troublesome competitor but ericsson. ericsson took over contracts nokia assumed it would get. that caused a lot of early problems. you have to look at 5g technology as a whole. we're really excited about it from enterprise push perspective. the consumer adoption this year really hasn't been there. the rollout has been stuttered a little bit when it comes to phones that are having thermal issues, things like that. 5g will not be something that consumers even touch for a while in a real sense until next year. connell: is your point does that give companies time? doesn't necessarily when you're publicly-traded? >> right. that is the big thing here. is that the you know, the disappointing outlook here for the future really just means that nokia has, what is essentially, this entire coming year to really kind of double down on this effort. connell: want to talk to you about apple, apple watch story while you're here. for good reason getting a lot of attention. the story is, apple watch, as it
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is told saved a hiker's life. the guy falls off a cliff literally. he false, feature on newer watches, if you detect, have quote-unquote hard fall. if you do, sends out emergency call, 911 call. saved this guy's life. that is pretty good story, i would think. what do you make of the feature. >> this is incredible story. this is something a part of the apple watch for two generations this is proven useful in several cases. this is high-profile story with good reasons. fall detection feature is useful. the heart rate sensor. apple roll ad video where they interviewed a bunch people written into apple, the heart rate monitor saved their lives, predicting irregular behavior, instructing them to go to the
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doctor. finding heart problems. connell: one of these features you have like almost all the features, you can turn it off, turn it off. some people watching you know what? maybe it doesn't work as well as they say. it will be calling 911, a trip on the sidewalk. it could have a false call, in other words, do you recommend people have it on? is it worth it? >> this is something that people should have on. we've done fairly extensive testing for. getting it to work under false-positive environments proved to be difficult. you have to take a serious fall in order for the watch to decide to call. connell: that is good to know. russell, good to see you. thanks a lot. >> thank you. melissa: wildfires raging in california, forcing evacuations as power outages impact hundreds of thousands. we are live on the ground next. connell: then fragile cease-fire in syria as an old superpower steps in toville the void. we have a report in northern
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syria. that is coming up next. melissa: in the united kingdom prime minister boris johnson is promising to give parliament members more time to debate the brexit plan, if they agree to a new election december 12th. this is my birthday. connell: of course. melissa: the opposition labour party would back the move unless there was no deal brexit off the table. they are reviewing the three month extension from the current halloween deadline which is seven days away. that is complicated. connell: more importantly we don't have to give you a birthday present now. uk election. melissa: oh. there are zero reasons to invest anywhere else. fidelity. there are zero reasons to invest anywhere else. i get it all the time. "have you lost weight?" of course i have-
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yeah, you like 'em. i knew you would. you love 'em, yes! join nationwide now and get a free amazon echo auto. >> more wildfires, more planned pouter outages in california. hundreds of thousands of resident dealing with a second round of preemptive power outages from pg&e. strong winds and high temperatures fueled wildfires in is a no, ma'am i can't county. claudia cowan on the ground. >> northern california a fast moving wildfire scorching at least 10,000-acres overnight. this video showing the blaze spreading across sonoma county with winds over 70 miles an hour fueling the flames. in southern california, giving bird's-eye view, what is called the old water fire near san bernardino. fire officials say it has burned 50 to 100-acres so far. it is 0% contained.
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the raging fires forcing mandatory evacuations of hundreds of homes in the region. utility company, pacific gas & electric cut more power to prevent more fires. half a million people in 17 counties in the dark for the second time in two weeks. the outages could last up to two days. >> it's a california wide phenomenon. a risk of significant fires across vast portions of california. reporter: pg&e warning a third round of outages could take place over the weekend when strong winds are expected to return. >> we are looking at, continuing to monitor a second period of offshore winds that may impact northern california saturday night through monday afternoon. reporter: the local sheriff's office here reminding residents that evacuation orders are issued for their safety, releasing a statement that says, be safe, sonoma county. in geyserville, california, claudia cowan. fox news. melissa: thank you. a crucial battle securing
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stability in the middle east. russian forces are filling the void in northern syria as u.s. troops pull back. meanwhile an official tells fox news the pentagon is likely to order tanks and hundreds of soldiers to eastern syria. fox news's benjamin hall is in northern syria with the details. benjamin. reporter: we have been hearing about cease-fire violations today around three hours west where where we are now. gun battles and mortar fire. the turkses are not trusted to hold the cease-fire. as a result the kurdish people say they have to look elsewhere as a result for protection. it is russia who they have turned, filling vacuum, sending more troops to northern syria. it is russians who have become power brokers on the ground, only one able to talk to everyone here, syrian regime, iranians and turks and the kurds. to prove the point, kurdish military commander who praised
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president trump for the cease-fire, spoke to the russian commander by skype. i appreciate president put 10's effort to stop our people and stopping the military operation. u.s. defense secretary mark esper spoke out about turkey. >> i have been very candid about this. turkey put us all in a terrible situation. the incursion was unwarranted. reporter: turkey used proxy forces to spearhead the invasion. this includes jihadi groups. they are seeking islamic based on sharia law. they are not far removed from isis. they are accused of torture and they have been working with the turkish government. the proxies are carrying out attacks still. defense secretary esper that turkey offensive jeopardized gains against isis. that turkey is heading in the wrong direction and turkey is getting ahead of russia. they don't know what to make of u.s. suggestion to send tanks to guard oil fields and kurds moved
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to the oil fields. some people thinking u.s. pulled out, that is too little, too late. back to you. melissa: benjamin, thank you. connell: back to brick-and-mortar, nordstrom is fighting back. can they lure people away from online shopping? we'll take you online to the new flagship store in manhattan. near record unemployment, unhappy workers are filling jobs. why businesses across the u.s. are bracing for unpredictable employee behavior. that is coming up. this is the age of expression. everyone has something to say. but in a world full of talking,
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♪. connell: "fox business alert" on amazon. we talked about the stock declining in after-hours trading. weaker-than-expected earnings for the third quarter. it did beat slightly on revenue which was up 24% from a year earlier. now since then amazon has provided lower than expected fourth quarter sales guidance which is really herring the stocks. come off the lows. this includes all important holiday season. it continues to spend heavily we talked about in conversation when earnings came out for one-day shipping. the cfo declined to comment on
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any regulatory probe into the company on the earnings call. did say costs from one-day shipping in the fourth quarter will be double what they were in the second quarter. so double those costs. and that could be one of the big reasons. so maybe it is not the macro effect as we were talking about. maybe it is an amazon issue. down more than 6 1/2%. melissa: maybe he shouldn't order everything individually. betting on brick-and-mortar, nordstrom opening its new york city flagship store with shoppers lining up down the black. jackie deangelis is on the scene with details. good assignment, jackie. reporter: this store was seven years in the making. it is 320,000 square feet of retail. it has four restaurants and two bars. what is happening here retail store, services getting your online stuff, returning stuff. also the experience of just having a good time when you're shopping here. now where i'm standing for example, is the christian
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louboutin booth. what is interesting about this, there are exclusive designs that louboutin is doing just for nordstrom. that is on the retail side of it. this is obviously a real tough time for stores. brick-and-mortar competing with online retailers. you mentioned amazon, competing with discount retailer like tj maxx, for example. when i was asking nordstrom representative why they came to new york, they actually said their online sales are the strongest here. so they think they have a captive audience to be able to expand and to be able to grow. i also asked them about the aspirationalness of shopping here and the brands. not just louboutins and valentinos. we have everything from vans all the way up. there is something for everybody here. of course sales and discounts are around holiday times too. shoppers were liened up around the block today. we'll see if enthusiasm lasts. guys, i won't come home
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empty-handed. a pair of exclusive nordstrom, louboutins for you. connell, i mean, you got to have these. melissa: those will look awesome on connell. i love them. make sure you expense them. fox business will be just fine with that. yeah definitely. reporter: they are coming home with me. melissa: jackie, thank you. retail expert erin sikes. this is such an interesting move. it flies in the face what i feel like has been the trend where it used to be one of the big flagship store. it was about promoting your brand. we move away from that here in new york as real estate is so expensive. do you think this is a good move for nordstrom? >> for nordstrom as individual it is a great move. we talk a lot about the retail apocalypse. or potential apocalypse within the department store sector. that said, there are department stores like macy's, they have not made a move into hyperlocal
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or into.com or experiencal where nordstrom is really excelling. as we mentioned before, they have four restaurants. they have super pop-up style vendors. we have a lot of indy vendors within the nordstrom store. we have the opportunity to experience things like, cocktails while you try on sneakers. this is currently different than anything else we have in manhattan. melissa: the idea of having four restaurant. this is something that you see in different department stores around. to have a whole bunch and some bars to try to lure people in, i mean it is all going to be, just it strikes me as dazzling, i want to go, but really expensive. and pretty big gamble. melissa: it is still a gamble. i think less of a gamble, what you saw neiman marcus do. we have hudson yards. which is the talk of the town.
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how often does anybody go over to hudson yards? because it is not convenient within the city. melissa: no. >> here on 57th street, it is off central park. you get tourist traffic and new yorker traffic. yes, there is a ton of over head. but the opportunity is there. somebody has to win the department store game. i think nordstrom has the best opportunity to do so. melissa: interesting, because also in a part of town where you have columbus circle and some other indoor stores. the weather really bad, would go for an experience. i noticed a pop up in my neighborhood. they have a place where you can go i guess for customer service where there isn't merchandise. is that a smart play? what are they looking for there? >> that is one of the ways nordstrom tested a new york market. they did it through mens and off price retail. did it through nordstrom local. you experience, shop with an associate online. you can have tailoring done. you can have a lot of
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information about different brands you might not be used to from a sales associate without having a footprint of a full department store which makes sense. it is an opportunity for nordstrom coming into new york. tiptoe into new york before the opening but also into other more high-end local regions as well. melissa: it is interesting. their brand has always been about customer service and the customer experience, easy returns, that sort of thing so makes a lot of sense. thank you. >> thank you. connell: if you're one of those people who is unhappy at work apparently you're not alone. i don't know if you saw this survey from gallup. a majority of americans are not satisfied with their job. 44% described their jobs as mediocre. 16% say, just bad. so, david asman joins us. which is not a good guest. because he is too happy, if anything. >> i'm a good guest. connell: you're a positive person. david wouldn't even be able to relate to the people. bottom line, what does it tell
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you? >> i've been unhappy at certain jobs. i moved on in a job market much worse than this job. this is the best job market people will see probably in their entire lives. the best i've seen in my life. when you have a job market this good, the advantage is all in your favor. if you don't like your job, try something else even if in a totally different area. now is the time to do it. we never had a time like this, particularly if you're young, not worried about a family, putting kids through college. now is the time to move. if you don't like your job, for goodness sakeses get out. connell: "wall street journal," fox news. >> that i didn't tell you everything. i've had some pretty crappy jobs, to tell you the truth. i use that word very specifically. i have done stuff that i've been unhappy with. hey, look, i did it. i don't have any regret in my life having done it. i'm glad i have to do the things. sometimes you have to move on. connell: where does
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"after the bell" anchor rank? melissa: careful. >> a fine television experience i ever had in my life working with melissa francis. you're a lucky man. connell: tell me about it. she tells me that every day. talk about bulls and bears. >> austin, texas, last place having homeless problem, new york, l.a., austin, texas? yes. in june they allowed veeping -- sleeping on the streets. guess what, they have a huge homeless population. we'll ask the mayor why they did that in the first place. what they will do to turn that around. that is coming up in the next hour. hope you join us. connell: top of the hour. david asman with bulls and bears. see you then. melissa: zero to 60 in less than four seconds. ford's fastest, powerful mustang is officially on the road. we promised you a ride in the fast lane. we didn't forget. that is coming up next.
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asman. >> we promised to you yesterday, ford releases most powerful mustang yet, with 760 horse power, it the burn a ton of gas. gary is on a las vegas racetrack testing it out. >> this is not just the most powerful mustang ever, but most powerful ford. schupee super charge have have . -- v8. >> this does have a super car price, $74,000 start. you could spend over a hundred on it with options like that big wing on the back. that helps create down force and
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stick in turns, there is a $10,000 painted racing stripe option to make it more special. you know folks at ford, really think this car is affordable, the buyers are ford super fans, i have this, and ford super trucks to tow this around. mustang has been the best selling sports car in america since 2015. last quarter it was the beat by the dodge challenger. the challenger has a 700 horse power car called the hell cat that creates a halo for the rest of the brand. melissa: wow. that is very cool, thank you gary, ford is also to unveil a
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mustang inspired electrics suv in november. connell: i think that is cool. anything mustang inspired, preliminary the sho the -- tomoe show is live from worlds series, ili'll be there live. "bulls and bears" now. david: shares of amazon plunging after hours, 6.5% after their earnings fell for first time in two years, what happened. >> they made less money than anticipated in the quarter, and growth driver, the cloud falling short of expectations this quarter, and worse to holiday shopping period, they guided market for less than a anticipated. and the market looking for something closer to 87 billion, this sunk the stock, we're down to about 8% down at one point,

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