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Aug 10, 2016
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lori rothman from the floor of the new york stock exchange. lori, we're expecting shake shack's second quarter report. what do we have besides that? reporter: let's look at the restaurant stocks, david, with wendy's, the fast-food chain, reporting this morning before the bell, what a tough day for this group. economists have been saying for a while we're seeing a restaurant recession as folks change their eating habits there. they're cooking at home more. not in my household but they are cooking, looking for healthier options. that is really been a drag for the entire restaurant sector. shares of wendy's were down as a result of its earnings report where the fast-food chain lowered the sales outlook by 1% for the duration of the year. shake shack, we're expecting numbers here after the close at any moment. ahead of that shares were down about 2% today. now shake shack looking to shake things up when the report is released. according to the options market you can expect 7% move shares of shake shack in either direction. more important to note, s
lori rothman from the floor of the new york stock exchange. lori, we're expecting shake shack's second quarter report. what do we have besides that? reporter: let's look at the restaurant stocks, david, with wendy's, the fast-food chain, reporting this morning before the bell, what a tough day for this group. economists have been saying for a while we're seeing a restaurant recession as folks change their eating habits there. they're cooking at home more. not in my household but they are...
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i want to bring in lori rothman from floor of the new york stock exchange. lori what do you have. >> this videogame maker, there was a beat. they were supposed to report a loss but it was nice profit, seven cents a share. the expected was a loss of two cents a share on much better than expected revenue, $1.27 billion when revenue was only expected to be 650 million. that is actually pretty good. on the downside, the full-year forecast. this is what everybody was really looking for in terms of the wall street analysts. looks like they are guiding lower in terms of full-year revenue and eps. revenue about 4.75 billion versus expectations of $4.9 billion. driven by digital downloads. made up 55% of revenue. that is consistent. fifa games, or "star wars" games. i don't know if you have experience up loading these games. i certainly don't. apparently the rage in video becaming community. pretty decent quarter for electronic arts. going forward there are obviously questions. cheryl: looking for a little bit of a build in the stock. we got a pop on that one for you.
i want to bring in lori rothman from floor of the new york stock exchange. lori what do you have. >> this videogame maker, there was a beat. they were supposed to report a loss but it was nice profit, seven cents a share. the expected was a loss of two cents a share on much better than expected revenue, $1.27 billion when revenue was only expected to be 650 million. that is actually pretty good. on the downside, the full-year forecast. this is what everybody was really looking for in...
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reporter: i'm lori rothman on floor of the stocks with today's tech minute. tesla, deeper than expected quarterly loss, the 13th straight. the electric carmaker says it is tran tock to deliver 50,000 new models, s and x vehicles during the second half of the year. that is on the lower end of guidance. the stock is up. >>> smartwatchs have overheating issues. clip maker says customers will get a full refund. intel shares are up about.the of a percent. >>> new space explore ranges startup, moon express, has just gotten the okay to become the first commercial company to travel beyond earth's orbit. they will send a small robotic lander in to the moon in late 2017. even lunar minding. ubs wealth management reveals ♪ the -- liz: breaking news. here is donald trump. he just walked out on the portland, maine, stage, slamming $400 million the u.s. sent to iran and called president obama, quote, incompetent, just moments ago. trump's adversary hillary clinton, attacked the billionaire businessman for trump university. >> my republican opponent has a very different vis
reporter: i'm lori rothman on floor of the stocks with today's tech minute. tesla, deeper than expected quarterly loss, the 13th straight. the electric carmaker says it is tran tock to deliver 50,000 new models, s and x vehicles during the second half of the year. that is on the lower end of guidance. the stock is up. >>> smartwatchs have overheating issues. clip maker says customers will get a full refund. intel shares are up about.the of a percent. >>> new space explore...
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lori rothman has the numbers. hi, lori. reporter: this is really breaking news.t first glance appears berkshire hathaway did miss. no surprise because they have missed expectations in three of the last four quarters by an average of 8.4%. soere's the numbers, here is the bottom line for the most current quarter to report. earnings per share is $2803 per share. expectation was $2910. we're getting a couple of headlines. looking at thomson terminal. investment income was 978. in research leading up to the report, we knew insurance might be challenged because there have been so many natural disasters this year. wildfires in canada, likely exposure there. we know that utility sector as a whole had just a breakout first half of the year. of course railroad properties were strong as well. berkshire hathaway, second quarter operating earnings $1.25 billion. david: numbers seem inflated but the share price is lot of money. lori, thank you very much. liz: donald trump in iowa this hour amid a flury of new polls show mr. trump falling even further behind hillary clinton. h
lori rothman has the numbers. hi, lori. reporter: this is really breaking news.t first glance appears berkshire hathaway did miss. no surprise because they have missed expectations in three of the last four quarters by an average of 8.4%. soere's the numbers, here is the bottom line for the most current quarter to report. earnings per share is $2803 per share. expectation was $2910. we're getting a couple of headlines. looking at thomson terminal. investment income was 978. in research leading...
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Aug 30, 2016
08/16
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ashley: i could always use a robot, lori rothman, thank you very much. more and more americans are going to college today, but as attendance is rising so are the costs. u.s. student debt an astronomical levels, climbing to more than $1.2 trillion with more than 40 million americans collectively owing money on their college education. this as prince ton review releases its 25th annual rankings of the 381 best colleges, that focus on best schools for financial aid, partying, campus life and campus food. always fun to talk about. we have the senior vice president and publisher, rob franik how serious is the rising college debt problem is and what prospective students should look for in a u.s. university. collectively they owe $1.2 trillion. >> i hear you. ashley: is that the right question to ask? >> i love the truth we're getting to. average cost for public university is $19,400,000. we think about assumptions looming debt, keep prices in line, what real costs for average students. $19,400. ashley: what are the best colleges for financial aid. >> we looked
ashley: i could always use a robot, lori rothman, thank you very much. more and more americans are going to college today, but as attendance is rising so are the costs. u.s. student debt an astronomical levels, climbing to more than $1.2 trillion with more than 40 million americans collectively owing money on their college education. this as prince ton review releases its 25th annual rankings of the 381 best colleges, that focus on best schools for financial aid, partying, campus life and...
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Aug 29, 2016
08/16
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let's go to new york stock exchange where lori rothman has details on this. lori? >> hello, ashley.o jeff bezos the traditional full-time work schedule may not be one time fits all. amazon is experimenting with a 30 hour work week. they're doing that with dozens of employees. working on a tech project with the human resources department. they will still receive full benefits but only 75% of the pay of full-time workers, still with the option to transition back into a full-time schedule if those employees should choose. now amazon shares are up today. believe that is another lifetime high and this announcement interestingly enough after "new york times" was critical of amazon, work culture there, saying the company forced 80 hour work weeks and little vacation. but amazon is not connecting the dots on that one. so we'll leave it there. back to you. ashley: 30 hours, lori rothman, thank you very much. one area of the market seeing huge inflows are exchange traded funds with assets increasing more than $280 billion just this year. what is the benefit of investing in etfs and where are
let's go to new york stock exchange where lori rothman has details on this. lori? >> hello, ashley.o jeff bezos the traditional full-time work schedule may not be one time fits all. amazon is experimenting with a 30 hour work week. they're doing that with dozens of employees. working on a tech project with the human resources department. they will still receive full benefits but only 75% of the pay of full-time workers, still with the option to transition back into a full-time schedule if...
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lori rothman down on floor of new york stock exchange. lori, you're watching a bright spot, technology, going on. what is going on? reporter: you said it emac. good to see you. microsoft shares best level in 16 1/2 years. $5897.39 is where microsoft goes out -- 57.39. there is no new news. linkedin reporting earnings. linkedin being purchased by microsoft for $26.2 billion. that reported last month. nickelodeon, networks, box office receipts. earnings from viacom weren't all that hot. that's why shares were down about a percent today. seaworld also disappointing report for the theme park operator. they're blaming actually, orlando terrorist attack back in june. they're also pointing to economic weakness in latin america. shares of seaworld are really hammered today as a result, down 13.2%. back to you. liz: seaworld has lost 2/3 of its market value from the ipo at 2013. david: look who is there. phil flynn talking about oil which is spiking about 2 1/2%. well above the 41 bucks a barrel price, close to 42. what is going on? >> it is out of
lori rothman down on floor of new york stock exchange. lori, you're watching a bright spot, technology, going on. what is going on? reporter: you said it emac. good to see you. microsoft shares best level in 16 1/2 years. $5897.39 is where microsoft goes out -- 57.39. there is no new news. linkedin reporting earnings. linkedin being purchased by microsoft for $26.2 billion. that reported last month. nickelodeon, networks, box office receipts. earnings from viacom weren't all that hot. that's...
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. ♪ reporter: i'm lori rothman on the floor of the new york stock exchange with this stocks businessrief. stocks rallying on heels of better than expected jobs report. amazon, took a converted boeing 767 operated by atlas air an renamed amazon one the company is leasing 40 planes. 11 will be dedicated to bringing packages all around the world. speaking of amazon ceo jeff bezos sold one million shares of stock this week bringing in more than $755 million. bezos moved ahead of warren buffett as the third richest person in the world. buffett's berkshire hathaway releasing quarterly results after the close. expected to earn 10% more in revenue than this time last year. straight ahead, what the jobs report means for the fed and your portfolio. thank you. ordering chinese food is a very predictable experience. i order b14. i get b14. no surprises. buying business internet, on the other hand, can be a roller coaster white knuckle thrill ride. you're promised one speed. but do you consistently get it? you do with comcast business. it's reliable. just like kung pao fish. thank you, ping. reli
. ♪ reporter: i'm lori rothman on the floor of the new york stock exchange with this stocks businessrief. stocks rallying on heels of better than expected jobs report. amazon, took a converted boeing 767 operated by atlas air an renamed amazon one the company is leasing 40 planes. 11 will be dedicated to bringing packages all around the world. speaking of amazon ceo jeff bezos sold one million shares of stock this week bringing in more than $755 million. bezos moved ahead of warren buffett as...
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lori rothman at the exchange with a preview what we can expect. these are big names. i'm excited.the throes of this reporting season, liz. it's a busy one, that's for sure. shares reporting after the close, moments away from the closing bell, here is our parent company twenty-first century fox, up better than 1%. last 52 weeks been a different story, down 22%. looking for profit decline of 5% on 7.7% increase in revenue from the quarter last year. interesting stat, movie studio in our company sold 4 billion plus dollars in ticket sales. how about that? back to you. liz: "x-men," independence day. reporter: ice age with my kids this weekend. liz: great names all around. lori, thank you very much. we're about to break this seven, eight session losing streak for the dow. you say you want a revolution, we may be on the cusp of one. as you see he on the screen, industrial revolution started in 1760, followed by railroads, electrification, mass production, turns out each of these cycles lasts 45 years. in fact the microprocessor, that semiconductor chip all your phones run on, manufactu
lori rothman at the exchange with a preview what we can expect. these are big names. i'm excited.the throes of this reporting season, liz. it's a busy one, that's for sure. shares reporting after the close, moments away from the closing bell, here is our parent company twenty-first century fox, up better than 1%. last 52 weeks been a different story, down 22%. looking for profit decline of 5% on 7.7% increase in revenue from the quarter last year. interesting stat, movie studio in our company...
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Aug 31, 2016
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lori rothman at the new york stock exchange.d of this. >> reporter: let's not get too excited. "barron's" says alibaba shares should be trading at $130 a pop. the shares rose 1%, still around $97 per share. after positive press like that, you expect a much bigger price in the stock price today. "barron's" basically said look at the cloud computing and the e-commerce businesses as two separate businesses to come up with the combined $130 per share valuation. >> we're also look at these markets for the month of august as we're closing down, as the dog days of summer fade, where should you consider putting your money into the fall? my next guest says up the yield. steve dud ash is here to tell you which companies are best for high yields. want to get to your picks but want to ask you about your predictions for september? historically, september can be a rough month. august was fairly flat, though the dow and the s&p are ending negative. do you think september is going to be that rough for investors? >> it could be, it could be defi
lori rothman at the new york stock exchange.d of this. >> reporter: let's not get too excited. "barron's" says alibaba shares should be trading at $130 a pop. the shares rose 1%, still around $97 per share. after positive press like that, you expect a much bigger price in the stock price today. "barron's" basically said look at the cloud computing and the e-commerce businesses as two separate businesses to come up with the combined $130 per share valuation. >>...
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let's go to the new york stock exchange, lori rothman is right there looking at this. i, there, let's unpack the nasdaq at 52-week high today. nvidia, the chip company is up 186% year-to-date. gaming, data center, chips used in the automotive industry. ulta cost metics up 57% in the last 52 weeks. these are 52-week highs. activision blizzard. overwatch is all the rage. the time wasting classic, "candy crush" is still apparently pretty popular. applied materials up 51%. over the last 52 weeks. this is impressive stuff here. i will send it back to you. liz: three tech and one beauty product, right. ulta. all the perfume and shampoo you can choke on. lori, thank you very much. so look, contrast that with bearish outlooks from two of the biggest players located on opposite sides of the country. goldman sachs says stay away from equities next three months but don't look for safety in the treasurys, jeff gundlach says there is no upside in u.s. debt. he has more than 100 billion under management. i've known this guy forever. let's bring in this guy. i've known him forever. se
let's go to the new york stock exchange, lori rothman is right there looking at this. i, there, let's unpack the nasdaq at 52-week high today. nvidia, the chip company is up 186% year-to-date. gaming, data center, chips used in the automotive industry. ulta cost metics up 57% in the last 52 weeks. these are 52-week highs. activision blizzard. overwatch is all the rage. the time wasting classic, "candy crush" is still apparently pretty popular. applied materials up 51%. over the last...
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Aug 11, 2016
08/16
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. >> i'm lori rothman on floor of new york stock exchange with today's tech minute.gill's reorganization of alphabet took place one year ago today. the stock is up it 2%. after -- 22%. cramer previously managing partners and invested in companies including uber, nest and blue bottle coffee. china's alibaba posted the best revenue growth before the e-commerce titan listing in late 2014, lifting the shares to the highest level in the year. alibaba made more money from mobile shopping than from pcs for the first time. coming up we compare the two presidential candidates economic plans and discover who laid it out best. ♪ ♪ [announcer] is it a force of nature? or a sales event? the summer of audi sales event is here. get up to a $5,000 bonus on select audi models. ♪ [booing] >> 2-1. high flyball to right field. betts is there. he makes the catch. tagging -- liz: that is yankee's alex rodriguez getting a round warm of boos yesterday from red sox fans ahead of his final game tomorrow. then they also clapped. red sox fans are so weird. they booed and clapped. but of course
. >> i'm lori rothman on floor of new york stock exchange with today's tech minute.gill's reorganization of alphabet took place one year ago today. the stock is up it 2%. after -- 22%. cramer previously managing partners and invested in companies including uber, nest and blue bottle coffee. china's alibaba posted the best revenue growth before the e-commerce titan listing in late 2014, lifting the shares to the highest level in the year. alibaba made more money from mobile shopping than...
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lori rothman on floor of new york stock exchange, with fox business's tech minute. lori?0 billion in its biggest bond sale ever. this is the fifth largest corporate bond sale on record and help microsoft fund the takeover of linkedin. strong demand helped company borrow at lower rates. taking a beating, sales, tumbled 12.3% year-over-year in the second quarter according to research firm idc. sales in the tablet space have declined for seven consecutive quarters. electronic arts reporting earnings after the bell. this is the fiscal 2017 first quarter. analysts expect ea to report a loss of two pennies per share on revenue of $650 million. up next, warren buffett tax challenge to donald trump. more "countdown" is on the way. ♪ what powers the digital world? communication. like centurylink's broadband network that gives 35,000 fans a cutting edge game experience. or the network that keeps a leading hotel chain's guests connected at work, and at play. or the it platform that powers millions of ecards every day for one of the largest greeting card companies. businesses count o
lori rothman on floor of new york stock exchange, with fox business's tech minute. lori?0 billion in its biggest bond sale ever. this is the fifth largest corporate bond sale on record and help microsoft fund the takeover of linkedin. strong demand helped company borrow at lower rates. taking a beating, sales, tumbled 12.3% year-over-year in the second quarter according to research firm idc. sales in the tablet space have declined for seven consecutive quarters. electronic arts reporting...
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Aug 31, 2016
08/16
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and lori rothman on the floor of the new york stock exchange. lori, first to you, the biggest winners and losers. >> reporter: as we wrap up the month of august. the dow and the s&p with today's losses will close out the month of august in the red. so on the s&p, the winners urban outfitters, good earnings up 20%. micron gaining 20% in august. other side of the coin, dollar general down 22%, weak quarterly sales, couldn't rebound from that disappointing earnings call. bristol-myers, a negative study on lung cancer drug plagued that stock, down 24% on the month. as for the dow jones industrial average you're looking at merck, goldman sachs two, winners there, goldman benefitting on unexpected right in rates, and verizon and pfizer down 6% on the dow in the last month. back to you. melissa: lori, thank you so much. phil oil taking a dive ending down nearly 4%. what happened? >> we had a big build in crude oil inventory the market is looking for a drawdown, i don't think it justifies the size of the drop we had. despite the big sell-off, of course,
and lori rothman on the floor of the new york stock exchange. lori, first to you, the biggest winners and losers. >> reporter: as we wrap up the month of august. the dow and the s&p with today's losses will close out the month of august in the red. so on the s&p, the winners urban outfitters, good earnings up 20%. micron gaining 20% in august. other side of the coin, dollar general down 22%, weak quarterly sales, couldn't rebound from that disappointing earnings call....
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Aug 30, 2016
08/16
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lori rothman is on the floor of the new york stock exchange. lori you have your eyes on two consumer stocks with double-digit losses today. reporter: no surprise on hershey. they were doing a flirtation with mondelese, maker of cadbury eggs. mondelez said no deal there. $125 per share. they could really not come to terms on proper valuation. so you see hershey's stock really getting slammed, interesting down below $100 a share with a 10 and 3/4% decline today. >>> d and w, discount shoe retailer after disappointing earnings. dsw disappointing numbers, down by a third. that has got to hurt. >>> apple is the surprise story of the day, slapped with a back tax bill of 14 1/2 billion dollars from the european union to be paid to ireland. apple and ireland agreed to a tax deal in 1991 that both parties agreed to. all the years later, the e.u., the tax investigators said this doesn't fly with us. this incentive that apple would have the low, low, tax rate in exchange for putting your head quarters, the european headquarters in ireland, it is not fair.
lori rothman is on the floor of the new york stock exchange. lori you have your eyes on two consumer stocks with double-digit losses today. reporter: no surprise on hershey. they were doing a flirtation with mondelese, maker of cadbury eggs. mondelez said no deal there. $125 per share. they could really not come to terms on proper valuation. so you see hershey's stock really getting slammed, interesting down below $100 a share with a 10 and 3/4% decline today. >>> d and w, discount...
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before we talk to phil, lori rothman at the new york stock exchange. what drove us lower, lori? reporter: what you guys said. nasdaq and posted lifetime highs on friday. a little bit of a breather. dow down 14 points today. nothing to get that concerned b we have a lot of earnings report through the week. everyone setting up in advance of that. let's talk about delta, boy, if you had travel plans on delta air lines, you face ad huge hassle. huge outage in the reservation system forced cancellation of hundreds of flights. delta slowly getting back up and running. sorry to say it might have have knockdown effect on some other major airlines. southwest down 1%. hawaiian holdings off 1 and 3/4 of 1%. merger monday. a south african mattress company buying mattress firm. $3.8 billion deal including debt. basically shares of mattress firm got the boost in the shares. back to you, connell. >> lori, we'll be back with you when the earnings news hits the tape. phil flynn with oil surging back above $43 a barrel, phil. what was behind that. >> talk about a freeze. will they freeze, won't t
before we talk to phil, lori rothman at the new york stock exchange. what drove us lower, lori? reporter: what you guys said. nasdaq and posted lifetime highs on friday. a little bit of a breather. dow down 14 points today. nothing to get that concerned b we have a lot of earnings report through the week. everyone setting up in advance of that. let's talk about delta, boy, if you had travel plans on delta air lines, you face ad huge hassle. huge outage in the reservation system forced...
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lori rothman on floor of the new york stock exchange. lori, to you first. august notoriously bad month for the stock market, right? nasdaq looking good right now. >> so the nasdaq is outperformer. tech-heavy index is up five consecutive days now hitting a 52-week high during the session today. and let's look at some of the companies that really helped drive markets today. some of the support stocks if you will. amazon.com, up another 1.2%. so the lifetime high, yeah, that is a lifetime high. it was 767.74. the stock has been on a tear. online retail giant of course. gunmakers, we found interesting trend. editor charlie brady drilled on this one, way up today. smith & wesson up 3%. that is a lifetime high for the gunmaker. basically these guys are outperforming the s&p 500 index as more and more americans rushing to buy firearms in anticipation of the u.s. government likely putting in legislation to restrict gun ownership. back to you. >> lori, phil, oil dropping below the $41 a barrel mark. cheryl: said a moment ago talking about bear market territory, 20%
lori rothman on floor of the new york stock exchange. lori, to you first. august notoriously bad month for the stock market, right? nasdaq looking good right now. >> so the nasdaq is outperformer. tech-heavy index is up five consecutive days now hitting a 52-week high during the session today. and let's look at some of the companies that really helped drive markets today. some of the support stocks if you will. amazon.com, up another 1.2%. so the lifetime high, yeah, that is a lifetime...
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Aug 15, 2016
08/16
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lori rothman on floor of new york stock exchange. hello, lori, you're looking at the day's biggest winners in the s&p. reporter: biggest winners across the board guys. it was another record-setting day. look at stats. if it seems we're reporting lifetime highs in the benchmark averages every day, well it is pretty close. for the dow the ninth record of 2016, the nasdaq the fifth record, i had to throw that out. the numbers are just staggering. looking at s&p year-to-date it is up 7%. dow just about 7% gain for its part. nasdaq up 5%. driving the s&p 500 today, micron technology. this is a chipmaker. analysts are saying the pricing power climate is looking pretty good for micron. shares are up better than 4%. wynn, the operator of course the big casino, wynn resorts in macau, got approval for $4.2 billion resort to commence operations on august 22nd. also let me tell but the vix. interesting trend, the vix, volatility index was down as stocks were soaring. but towards the close it did reverse course and closed higher. there was questio
lori rothman on floor of new york stock exchange. hello, lori, you're looking at the day's biggest winners in the s&p. reporter: biggest winners across the board guys. it was another record-setting day. look at stats. if it seems we're reporting lifetime highs in the benchmark averages every day, well it is pretty close. for the dow the ninth record of 2016, the nasdaq the fifth record, i had to throw that out. the numbers are just staggering. looking at s&p year-to-date it is up 7%....
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Aug 11, 2016
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let's start with lori rothman on the floor of the new york stock exchange. lori, i was expecting to see champagne bottles being opened. there was no confetti. reporter: they were cheering a little louder than i heard recently. these are the dog days of summer but stocks are determined to grind higher. you guys pointed out, there is still a rush. a lot of settling out here. stocks here, all three benchmark averages closing into report territory. the dow for its part making new intraday high as well. year-to-date the dow is up about 7%. s&p up 7%. and nasdaq is up 4 1/2%. as for the dow, the last time it closed at a record was pretty recently. it was july 20th. as you know the nasdaq was just a couple sessions ago, hitting its last record. also hitting lifetime highs individual names. you had amazon. this is the second time this week amazon has hit a record with a gain of .3 of 1%. alphabet -- parent of google, closed a little lower. this is the one-year anniversary alphabet reorganized. since then you have a 22% gain in shares. earnings were a drivers especial
let's start with lori rothman on the floor of the new york stock exchange. lori, i was expecting to see champagne bottles being opened. there was no confetti. reporter: they were cheering a little louder than i heard recently. these are the dog days of summer but stocks are determined to grind higher. you guys pointed out, there is still a rush. a lot of settling out here. stocks here, all three benchmark averages closing into report territory. the dow for its part making new intraday high as...
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Aug 12, 2016
08/16
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lori rothman from the floor of the new york stock exchange. dow and take as brac but s&p and nasdaq another high? >> you said it, david, lifetime high for the nasdaq. last couple minutes the nasdaq locked in the latest lifetime high. you see it up just about five points. that is all it took. we had low volume all week. an interesting stat, the s&p 500 index has not moved more than 1% in either direction, for 25 days now. it has been very slow summer. stocks are yet at the elevated levels. despite the pullback we're still pretty close. you have to say these are lofty levels. it is interesting to see what powered index to the lifetime high. there you go. there are some retailers. get to that in a second. nvidia, yahoo! and ross stores, all best performers on the nasdaq. ross up almost 2%. that is indicative of a turnaround in a lot of these retailers especially the department store retailers. you saw department store retailers in the sales report for july. overall fell about half a pest. there is a lot of commentary that the department store ind
lori rothman from the floor of the new york stock exchange. dow and take as brac but s&p and nasdaq another high? >> you said it, david, lifetime high for the nasdaq. last couple minutes the nasdaq locked in the latest lifetime high. you see it up just about five points. that is all it took. we had low volume all week. an interesting stat, the s&p 500 index has not moved more than 1% in either direction, for 25 days now. it has been very slow summer. stocks are yet at the elevated...
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Aug 30, 2016
08/16
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lori rothman live at the new york stock exchange. what do you think? >> reporter: it will be beneficial to working folks, especially working moms, right, monday through thursday, 10:00 a.m. to 2:00 p.m., pretty good. amazon has a bit of a reputation for being tough when it comes to work hour demands, 80 hours, little vacation. "the new york times" wrote a scathing op-ed against amazon, so there's probably pr at work as well. these part-time workers will be working a tech project, just a handful of workers. their boss will also be on the same schedule. they will receive full-time benefits but only 75% of the compensation of the full-time amazon employees, martha. >> what's the likelihood that other companies might pick up on this model? >> reporter: given that amazon is one of the largest companies, very high. there are a couple of major accounting firms, kpmg and deloitte, who are already doing a shorter workweek, but they're demanding 40 hours. jeff bezos, the ceo of amazon, says this schedule was created in the realizes that the traditional full-time
lori rothman live at the new york stock exchange. what do you think? >> reporter: it will be beneficial to working folks, especially working moms, right, monday through thursday, 10:00 a.m. to 2:00 p.m., pretty good. amazon has a bit of a reputation for being tough when it comes to work hour demands, 80 hours, little vacation. "the new york times" wrote a scathing op-ed against amazon, so there's probably pr at work as well. these part-time workers will be working a tech...
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lori rothman on floor of new york stock exchange. i need to get your thoughts on big names in retail. that is a certain connection to the consumer, 2/3 of the gross domestic product. reporter: absolutely with the disappointing last print on gdp. talk walmart will do a deal with jet.com. that deal $3 billion. that could help them compete with likes of you know who, amazon.com. kate spade what a disappointing quarter for kate spade. they have disappointing novelty pocketbooks. it was total bust. they missed on top and bottom line. had to lower full year outlook. shares punished 18%. crocs, the folks in china are not hot on crocs anymore. that is real trouble spot. top and bottom line both missed for the rubber shoemaker. shares absolutely crushed, down 23%. a lot of earnings i will help report some of them throughout the hour. david: lori, we'll see a lot of you this hour. oil traders getting a relief. oil stage as bit of a comeback. scott, what is the cause? >> some weak shorts coming into the market last couple days as we've been gri
lori rothman on floor of new york stock exchange. i need to get your thoughts on big names in retail. that is a certain connection to the consumer, 2/3 of the gross domestic product. reporter: absolutely with the disappointing last print on gdp. talk walmart will do a deal with jet.com. that deal $3 billion. that could help them compete with likes of you know who, amazon.com. kate spade what a disappointing quarter for kate spade. they have disappointing novelty pocketbooks. it was total bust....
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lori rothman on floor of new york stock exchange. lori you're watching shares of valeant, seeing a biggest intraday jump more than a decade. tell me about the story. reporter: valeant pharmaceuticals sticking by its financial outlook. that was huge relief for the investors. it has had a rocky last year. gaining nearly six bucks a share. we have other stocks with interesting stories today, norwegian cruise lines, shares down about 11, almost 12% on the session, cutting its financial guidance because of weakening u.s. demand. norwegian cruise lines fewer americans are booking trips to europe. you can figure out why. concern for terrorism overseas and around the world for that matter. shares of gap, down today as well. comparable store sales down more than expected, 4% in july, and the gap is blaming banana republic stores, throwing banana republic under the bus for the disappointing report. shares as a result down 6.25%. back over to you. david: lori, thank you very much. phil, i have to talk about oil, it was winning along with the mar
lori rothman on floor of new york stock exchange. lori you're watching shares of valeant, seeing a biggest intraday jump more than a decade. tell me about the story. reporter: valeant pharmaceuticals sticking by its financial outlook. that was huge relief for the investors. it has had a rocky last year. gaining nearly six bucks a share. we have other stocks with interesting stories today, norwegian cruise lines, shares down about 11, almost 12% on the session, cutting its financial guidance...
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Aug 29, 2016
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lori rothman has it covered on the floor of the new york stock exchange. what was driving stocks today? reporter: people focusing on comments from jackson hole and fed chief janet yellen. she was seeing signs in the u.s. economy. so obviously the debate is raging will it be september or december interest rate hike? the idea is that we get one more hike by the end of the year. that is good news for the markets and that really rallied today. volume, coming into the end of the month, you have got some rebalancing going on and typical to see a volume step up with remaining days of the month. vix came in a little bit too. investors are not that concerned with calmness coming over the markets in which was the most losing week since the "brexit" vote last week. higher interest rates tend to bode well for many banks and financial companies. fed and american express up 1%. wells fargo up better than 2% on the day. not fortunate today if you were taking a bet on caesar caesar's lost big. company has market cap of one billion dollars. a judge cleared the way for $11.
lori rothman has it covered on the floor of the new york stock exchange. what was driving stocks today? reporter: people focusing on comments from jackson hole and fed chief janet yellen. she was seeing signs in the u.s. economy. so obviously the debate is raging will it be september or december interest rate hike? the idea is that we get one more hike by the end of the year. that is good news for the markets and that really rallied today. volume, coming into the end of the month, you have got...
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. >> reporter: good afternoon, i'm lori rothman on the floor of the new york stock exchange with the fox business brief. stocks are lower extending losses that began yesterday. the dow off half a percent and as we wrap up the month of aushgs the dow and the s&p are now fractionally lower for the month. dragging stocks lower today, oil. the inventory report showed a surprising build. so oil is tanking, if you will, down 3.33 of 1%. murphy oil down more than 4, almost 5%, anadarko petroleum down 4%. chesapeake down 4% as well. interesting note, gas prices continue to rise, up 14 consecutive days now. $2.22 a gallon is the national average. a gain of six cents a gallon compare to this time a week ago. that sums it up from here, let's get you back to cavuto "coast-to-coast." because my dentures fit well. before those little pieces would get in between my dentures and my gum and it was uncomfortable. even well fitting dentures let in food particles. just a few dabs of super poligrip free is clinically proven to seal out more food particles so you're more comfortable and confident while yo
. >> reporter: good afternoon, i'm lori rothman on the floor of the new york stock exchange with the fox business brief. stocks are lower extending losses that began yesterday. the dow off half a percent and as we wrap up the month of aushgs the dow and the s&p are now fractionally lower for the month. dragging stocks lower today, oil. the inventory report showed a surprising build. so oil is tanking, if you will, down 3.33 of 1%. murphy oil down more than 4, almost 5%, anadarko...
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reporter: good afternoon, i'm lori rothman live on the floor of the new york stock exchange with yourstocks are a little higher coming off a day of declines. the dow is up 20 points or .1 of 1%. nothing to get all that excited about but crude oil staging a significant turnaround. crude oil prices up better than 3%, back to $40.81 a barrel. there was inventory data. the government reported a bigger than expected decline in gasoline supplies. speaking of gas, despite the bullish report we're seeing pretty cheap gas out there. the regular price for national average gas prices is $2.12 a gallon. aaa says, august 1st, monday the average was 2.13, that was the lowest level in 100 days. get this, the lowest price for this date 2004. in 14 states, gas is below two bucks a gallon. get you back to "coast to coast." charles: health officials are clamming down on the zika virus spreading in a neighborhood in miami. one biotech ceo wants to fight zika with a army of genetically modified mosquitoes. take a listen. >> these mosquitoes are non-native to the u.s. they shouldn't be in the u.s. and they
reporter: good afternoon, i'm lori rothman live on the floor of the new york stock exchange with yourstocks are a little higher coming off a day of declines. the dow is up 20 points or .1 of 1%. nothing to get all that excited about but crude oil staging a significant turnaround. crude oil prices up better than 3%, back to $40.81 a barrel. there was inventory data. the government reported a bigger than expected decline in gasoline supplies. speaking of gas, despite the bullish report we're...
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lori rothman, markets are flattish, if you will.evels and you can see it's now turned south down 11. the s&p and they're holding up. and waiting for tomorrow's jobs report. we're in the throes of second quarter earnings and reporting season we'll have companies out after the bell. have a look at some of the big names, performing ahead of the latest numbers. linked in, and weight watchers up 6%. one is the oprah stake that help reverse something like three quarters, actually, three years of declining sales for weight watchers and noodles, the restaurant company down 3 cents. linkedin, microsoft is having a banner day. in 2000 microsoft >> growing outrage over the 400 million dollar payment to iran. the white house not calling it ransom, but republican lawmakers are. senator mark heard says paying ransom to kidnappers puts americans more at risk. and chris, you know, it's already been said more than once in the last 24 hours if it walks like a duck, quacks like a duck, it's a duck. >> well, this certainly seems like a duck and the onl
lori rothman, markets are flattish, if you will.evels and you can see it's now turned south down 11. the s&p and they're holding up. and waiting for tomorrow's jobs report. we're in the throes of second quarter earnings and reporting season we'll have companies out after the bell. have a look at some of the big names, performing ahead of the latest numbers. linked in, and weight watchers up 6%. one is the oprah stake that help reverse something like three quarters, actually, three years of...
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reporter: good afternoon, live on the floor of new york stock exchange, i'm lori rothman with your foxing today. the dow up almost 1%, thanks to a second consecutive month ever stronger than expected job growth. the s&p 500 index at 2181, well, that is a lifetime high. the index has to close at 2175 to finish and hold up in the lifetime high territory. let's have a look what is pushing the s&p to these lofty levels. merck up 7 1/2%. a rival drug trial failed. so that is benefiting merck. kraft-heinz up 4% after reporting better-than-expected earnings thanks to significant cost cutting. priceline dot-com, a good earnings report. a lot of people are booking hotels with them. shares up 4%. quickly bristol-myers squibb down 5%. cancer drug fails. let's get you back to "coast to coast." connell: all right. this ask some story here of high-tech thieves in texas. they have been out there stealing cars and doing so with their laptops, using laptop computers to steal cars. adam shapiro is with us now from the newsroom. give us the details on this, adam. reporter: i want to show you video. becau
reporter: good afternoon, live on the floor of new york stock exchange, i'm lori rothman with your foxing today. the dow up almost 1%, thanks to a second consecutive month ever stronger than expected job growth. the s&p 500 index at 2181, well, that is a lifetime high. the index has to close at 2175 to finish and hold up in the lifetime high territory. let's have a look what is pushing the s&p to these lofty levels. merck up 7 1/2%. a rival drug trial failed. so that is benefiting...
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lori rothman live on floor of new york stock exchange with fox business brief.with earnings, disappointed wall street with the expectation. sales growth will be a little less than earlier expected. we're seeing this nationwide change in food trends. one economist is calling it a restaurant recession. so that decline in wendy's is really having a knockdown effect on many other restaurant companies today as you see on your screen. shake shack we'll hear after the close. we're look 44% increase in earnings from this time last year but it has been a rough 52 weeks. shares down 39% for shake shack. michael kors down about 2%, dwindling mall traffic and lower tourism hurting them. the others in the green in a moment. get you back to "cavuto: coast to coast." you totaled your brand new car. nobody's hurt, but there will still be pain. it comes when your insurance company says they'll only pay three-quarters of what it takes to replace it. what are you supposed to do? drive three-quarters of a car? now if you had liberty mutual new car replacement™, you'd get your whole
lori rothman live on floor of new york stock exchange with fox business brief.with earnings, disappointed wall street with the expectation. sales growth will be a little less than earlier expected. we're seeing this nationwide change in food trends. one economist is calling it a restaurant recession. so that decline in wendy's is really having a knockdown effect on many other restaurant companies today as you see on your screen. shake shack we'll hear after the close. we're look 44% increase in...
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reporter: i'm lori rothman on floor of new york stock exchange with fox business brief.ading off records set yesterday. all three benchmarks averages closed at lifetime highs. you can see red arrows right now. we got the july retail sales report. it came in unchanged for june and lowered expectation. that could be adding to some negative sentiment out there today. on the upside we're seeing strength in energy stocks today. look at exxonmobil, up almost 1 1/2%. chevron better by .7 of 1%. price of oil is higher today, up about 1 1/2%. 2% now. but paring earlier gains on a government report that showed that the rig count rose once again last week. so that's it from here. get you back now to cavuto coast to coast. >> we're all on the titanic as i said before. we need to diversify. we need a live saving boat which is precious metals, gold, silver, platinum, physical, stored in a safe place. not necessarily in an etf and we need some equities, well-diversified, also -- geographical areas. we need some fixed interest securities and we need some real estate. connell: that is ou
reporter: i'm lori rothman on floor of new york stock exchange with fox business brief.ading off records set yesterday. all three benchmarks averages closed at lifetime highs. you can see red arrows right now. we got the july retail sales report. it came in unchanged for june and lowered expectation. that could be adding to some negative sentiment out there today. on the upside we're seeing strength in energy stocks today. look at exxonmobil, up almost 1 1/2%. chevron better by .7 of 1%. price...
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reporter: good afternoon, live from the floor of the new york stock exchange, i'm lori rothman with yourfar during the session. powering s&p, well, amazon, hitting also an all-time high today. key number for amazon to close at a life-time high, 767 and $74. we're just above the key level -- shares up 1/3 of 1%. all eyes after the bell. latest round of earnings. we will hear from a lot of industries, solarcity getting a lot of attention after tesla's 2.$6 billion. cheap oil hurting the company of the shares are down 7% on the week for that. yelp we'll hear about, up 1.7%. walt disney, one year ago the ceo warned of subscriber losses at espn. more "cavuto: coast to coast" after this. >> voters, disaffected voters, independents and they don't buy into this two party system. i think what the clinton campaign needs to keep in mind is it just not speaking to voters and their concerns and pains that is what bernie sanders did, but also understanding that the "brexit" problem could very well happen. that the same energy that was positive in bernie sanders's campaign could also turn negative. i'm
reporter: good afternoon, live from the floor of the new york stock exchange, i'm lori rothman with yourfar during the session. powering s&p, well, amazon, hitting also an all-time high today. key number for amazon to close at a life-time high, 767 and $74. we're just above the key level -- shares up 1/3 of 1%. all eyes after the bell. latest round of earnings. we will hear from a lot of industries, solarcity getting a lot of attention after tesla's 2.$6 billion. cheap oil hurting the...
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i'm lori rothman with your fox business. nice rally underway with the dow up .6.e%. coming on heels of friday's comments by fed chief janet yellen. economy is looking real good suggesting or perhaps here on wall street they're thinking that a september rate hike may be on the table. good news is finally good news that obviously is weighing on the price of crude oil, down more than 1% today on talks of higher interest rates but let's look at gold stocks. new gold up 4.8%. you have gold corp up almost 3%. then you can call it the "barron's" bounce. look at shares of mylan. the company has been in the news a whole lot with the $600 epipens. mylan announcing a generic $300 version in reaction to all the outrage. connell: something of a scary moment this weekend overseas. glascow airport we take you in scotland. two united airlines pilots suspected of being drunk were arrested just before they were to fly 141 passengers across the atlantic from scotland here to the united states. the two pilots appearing in a scottish court later today. there is that. >>> herbalife sha
i'm lori rothman with your fox business. nice rally underway with the dow up .6.e%. coming on heels of friday's comments by fed chief janet yellen. economy is looking real good suggesting or perhaps here on wall street they're thinking that a september rate hike may be on the table. good news is finally good news that obviously is weighing on the price of crude oil, down more than 1% today on talks of higher interest rates but let's look at gold stocks. new gold up 4.8%. you have gold corp up...
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. >> and good afternoon live from the floor of the new york stock exchange, i'm lori rothman with a foxlower today, but trading is range-bound and it's important to note that the indexes are still relatively close to historic highs. let's look at big movers today starting with the major airlines. looks like united continental has hired the former number two executive from american airlines to be president, his name is scott kirby. and many of the apparel retailers are having a tough day. blame abercrombie & fitch. and look at gap, down about 4% at the moment. check out shares of hershey, having a tough day, too, after it was revealed that it had given up mondelez, owns canbury cream egg, et cetera, and you can kiss that premium goodbye. let's get you back to cavuto, coast to coast. ♪ there's no one road out there. no one surface... no one speed... no one way of driving on each and every road. but there is one car that can conquer them all. the mercedes-benz c-class. five driving modes let you customize the steering, shift points, and suspension to fit the mood you're in... and the road
. >> and good afternoon live from the floor of the new york stock exchange, i'm lori rothman with a foxlower today, but trading is range-bound and it's important to note that the indexes are still relatively close to historic highs. let's look at big movers today starting with the major airlines. looks like united continental has hired the former number two executive from american airlines to be president, his name is scott kirby. and many of the apparel retailers are having a tough day....
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Aug 15, 2016
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reporter: good afternoon, live from tloor of new york stock exchange with lori rothman and your fox business to close with regards. s&p 500, it would be a 10th record close this year. interesting though, we've got typical dog days of summer with low volume. s&p 500 is not moved 2% up or down last six sessions. that sums up trading session. look at individual movers here. twitter shares are up just more than 7%. "new york times" reporting that twitter is working on launching an app that would let you stream apple tv on the social media website. then you've got retail names. retail way on the rise. supervalu, the grocery wholesaler did a deal with fresh market. shares are up 8 1/2%. hear from a lot of other retail earnings reports this weekend. that should be very influential. back to "cavuto: coast to coast." charles: more problems with obama care, that both cigna and humana are filing higher premiums in 10 sees's health care exchange. cigna asking for 46% increase. humana, a little more humane, 44% increase. >>> meantime british are exiting -- we all got excited about that but here's the thi
reporter: good afternoon, live from tloor of new york stock exchange with lori rothman and your fox business to close with regards. s&p 500, it would be a 10th record close this year. interesting though, we've got typical dog days of summer with low volume. s&p 500 is not moved 2% up or down last six sessions. that sums up trading session. look at individual movers here. twitter shares are up just more than 7%. "new york times" reporting that twitter is working on launching an...
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lori rothman at the stock exchange to tell us exactly why. >> lifetime high here was not the tech companyis company delivered food to hospitals. many view it as a broader economic weather. fourth-quarter profits, fiscal 2016 as well. a fantastic report. overall volumes rose 2% citing a slowdown as we've been watching in the restaurant sector as the company was successful in its cost-cutting measures. this is adding to the bigger bullish sentiment across wall street this morning. ashley: very good read thank you very much. tim cook says he won't be bringing back cash from overseas anytime soon without a fair tax rate. all the details. liz: apple is paying 40%. we are not ringing back our 200 yen majority of which is overseas until there's a race. it doesn't go the more you pay the more patriotic you are. tim cook has yet to weigh in on government spending. the argument about a tax holiday, even steve jobs to talk about it when he was alive. silicon valley would like it. they would say yes. we are overtaxed. highest in the developed world. ashley: dialogue is unpatriotic. they have 200 buck
lori rothman at the stock exchange to tell us exactly why. >> lifetime high here was not the tech companyis company delivered food to hospitals. many view it as a broader economic weather. fourth-quarter profits, fiscal 2016 as well. a fantastic report. overall volumes rose 2% citing a slowdown as we've been watching in the restaurant sector as the company was successful in its cost-cutting measures. this is adding to the bigger bullish sentiment across wall street this morning. ashley:...
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come in lori rothman, i think i left you out in the squares.es barron's think that alibaba is going up. >> $130 per share. if you can see on the screen, the shares just above $96. so it's a 35% value adjustment seems like an exaggeration to you, well, barron's, the anl liz they're quoting at mks partners look at it this way, instead of alibaba as one whole company they're judging some of the parts. in other words, evaluating separately, the e-commerce side of the business as well as the cloud computing business and when you put those two together, hey, it should be trading at $130 a share, stuart. stuart: wow, a jump and and a half. shah gilani is with me, chinese amazon, call them that. >> the pieces are great, but scares me, a huge hop in early august and scary up here. i'd like to see it come down and i'd like to buy it lower, but here, it's too high for me. stuart: here is a sign of the times music [organ music playing] >> the death watch, and they're going to use-- bring paint back to their stores. i mean, on the shelves. they are. >> i do
come in lori rothman, i think i left you out in the squares.es barron's think that alibaba is going up. >> $130 per share. if you can see on the screen, the shares just above $96. so it's a 35% value adjustment seems like an exaggeration to you, well, barron's, the anl liz they're quoting at mks partners look at it this way, instead of alibaba as one whole company they're judging some of the parts. in other words, evaluating separately, the e-commerce side of the business as well as the...