Transcripts For FBC Markets Now 20140220

Dagen very big overseas. Connell we will talk to jo ling kent in a minute. Good morning. Volatility has been what we have seen recently. We are still in nonvolatile time. Right now we are seeing a pattern with lots of green arrows across the board. The Dow Jones Industrials up. Almost a half of 1 . Just like the tech heavy nasdaq. The s p is getting walmart with some tough numbers out. Back to you. Dagen whats app. That is how you are supposed to say it. Connell some mixed reviews from the analysts. 19 billion is what facebook is paying for what app. According to early investors whats app adds 1 million users every single day. The stock is actually down 2. 2 . They see a higher costs and delivering engagement. Theyre taking a more positive stance. The strategic rationale is sound. Here is something i loved researching. He tweets hear all about it. It is amazing how things change. It is. Tac is something a lot of people are talking about. We bring Michael Bloch in. Good to see you. What is your first reaction . My first thought is i am not a whats app user. I do see that there could be merits here. You are right. Sometimes we are out of it on these types of things. It is a lot of money. It is money that they do have. They have time warner and aol merging. Connell remember that big News Conference that they had. Right now we are not looking at valuations that are overstretched. Time will tell if that makes sense. Connell you use the expression. What is the time we are in right now . Right now i think we are in sure time. It is not silly time. Nothing is really stretched ear. We have come a long way in equity markets. We had a jump down in january. Turkish currency moves should not really affect us, but yet it did. Connell just a pullback that we needed. I do think that we are moving around. I do think that the Global Central Bank policy is remaining easy. I think that means a lot here. It does not mean that we are going straight up. Connell not as concerned about the fed. We kind of know what we are dealing with their. His concern was china. Is that still chief among your issues . First of all, i do not have a pet issue. I think that they will remain easy here. I do not think that they will tighten rates until after the 2016th president ial election. I think for political reasons that just will not happen. Connell that will help stocks . Do you have any big worries . I am not worried about growth. My noise concerned, my shortterm concern is that some of the Wealth Management stocks have turned into a torrent that becomes a distraction. It could create some noise which could create your kind of five five7 corrections that will be a problem. Connelll good talking. Now you know what whats app is. Dagen another major roadblock. A judge striking down a nebraska law that allowed though pipeline to proceed through the state. Connell what will it mean for thousands of jobs. Monica crowley joins us now with the latest. Now there is another legal obstacle in the way of building this pipeline in addition to all of the obstacles we have seen so far. It is a setback. It will be challenged. Dagen it has already been five years. I guess the domestic agenda was focused on the oil in north dakota and montana. A lot of that oil is now moving in other ways because Oil Companies that are getting it out of the ground could not wait for this. That is right. Transcanada has said we will ship it to china. We will ship it to other places. A lot of the unions want this. We have this legal also call that will delay us even further. I know the judge is holding it up now. At some point you still get the feeling that it does get done. Look, obamas own state department issued a statement two weeks ago saying there is not really a significant degree. It has been under review for five years. Every kind of examination on the keystone pipeline. It is all found to be perfectly okay. In every way, this is such a nobrainer. Just one obstacle after another. Connell it is always great to see you, monica. Twice in one day. It off to a start. The big story overseas continues to be what happened yesterday. We will have details what we come back. Dagen president obama facing resistance from his own party. We talked exclusively about that. Connell from the world of retail. Gasoline. A bandaid from the government to do that. We will tell you how much coming up on markets now. Connell we are back here at a quarter after the hour. Dagen at the world watches as the violence escalates in ukraines capital city. Earlier truth cookware by the russia backed president was quickly showered as fresh gunfire quickly hit the streets. At least 70 people have been killed during clashes today. There are also reports that demonstrators have taken 67 Police Officers captive. They are continuing to burn as several thousand protesters remained at the square. The white house now weighs in. The administration urging ukraines president to withdraw forces and allow demonstrators to express themselves. Dennis raising the hourly pay to nine dollars an hour. This move will increase pay for 65,000 of its 90,000 employees across all of its u. S. Store brands. Dagen i think it is about 10. 50 an hour. They are about 20 states that have a minimum wage higher than the federal minimum wage anyway. What may have been nationwide. Connell makes him more money. Dagen here are your favorite twins. Not the olsens. Making a big bet on. Connell the disappointing data in china. Europe raising concerns about the global economy. Big news for peter. First, lets get into currencies. [ male announcer ] whether it takes 200,000 parts, 800,000 hours of supercomputing time, 3 million lines of code, 40,000 sets of eyes, or a million sleepless nights. Whether its building the worlds most advanced satellite, e space station, or the next leap in unmanned systems. At boeing, one thing never changes. Our passion to make it real. My dad has aor afib. Brillation, he has the most common kind. Its not caused by a heart valve problem. Da it says your afib puts you at 5 times greater risk of a stroke. Thats why i take my warfarin every day. But it looks like maybe we should ask your doctor about pradaxa. In a clinical trial, pradaxa® Dabigatran Etexilate mesylate . Was proven superior to warfarin at reducing the risk of stroke. And unlike warfarin,ith no regular blood tests or dietary restrictions. Hey thanks for calling my doctor. Sure. Pradaxa is not for people with artifial heart valv. Dont stop taking pradaxa without talking to your doctor. Stopping increases your risk of stroke. Ask your doctor if you need to stop pradaxa before surgery or a medical or dental procedure. Pradaxa can cause serious, sometimes fatal, bleeding. Dont take pradaxa if you ve abnormal bleeding or have had a heart valve replaced. Seek immediate medical care for unexpected signs of bleeding, like unusual bruising. Pradaxa may increase your bleeding risk if youre 75 or older, have a bleeding condition or stomach ulcer, take aspirin, nsaids, or blood thinners. Or if you have kidney problems, especially if you take certain medicines. Tell your doctors about all medicines you take. Pradaxa side effects include indigestion, stomach pain, upset, or burning. If you or someone you love has afib not caused by a heart valve problem. Ask your doctor about reducing the risk of stroke with pradaxa. So ally bank has a that wothats correct. A rate. Cause im really nervous about getting trapped. Whys that . Uh, mark . Go get help i have my reasons. Look, you dont ha to feel trapped with our raise your rate cd. If our rate on this cd goes up, yours c too. Oh that sounds nice. Dt feel trapped with the ally raise your rate cd. Ally bank. Your money needs an ally. Which will cause me to miss the end of the game. The x1 entertainment operating system lets your watch live tv anywhere. Can i watch it in Butterfly Valley . Sure. Can i watch it in glimmering lake . Yep. Here, too. What about the dark castle . You call that defense . come on [ female announcer ] watch live tv anywhere. The x1 entertainment operating system, only from xfinity. Connell making money. Charles payne is here. He likes to go global. Charles the global solar market is huge. A report about the global pipeline. Ninetyfive gigawatts. One do the walking gait you about a million. 50 megawatts or more. During the oil crisis, he was like how the heck do we get around this in the future. How far these stocks have come particularly in the last year. This year they will do 400 million. It is just a money making machine. They have a strong pipeline. They deal with seven of the top homebuilders in the country. I just think that the stock will go higher. This is one of these things. There are two things. Connell you have been up front about it. Charles it is a top priority. Dagen a very large chunk. Exactly. Charles walmart is complaining that cutting food stamp is the problem. Connell you would never invest anything controlled by the wiggle boss twins. Charles i would not. I have drawn a very firm line with that. The great wall of china. Dagen they are creepy. Charles too creepy for me. Facebook lawsuits. They say Mark Zuckerberg stole the idea from them. That is what you get when you try to win one over on a nerd. We have a new bitcoin venture. They have launched their own pricing index. Connell that is funny. Charles they could have come up with a better name than that. Dagen it is a blended price index. The twins are now waiting for the Exchange Commissions a blessing. [laughter] connell are you seriously crying . Connell hello, everybody. How is it going . The powerball. The powerball last night, for to 25 million. The payoff is 242 in cash. One winning ticket. It was not us. Check your ticket. It is just north of san jose. The store itself will receive 1 million for selling the ticket. This is pretty good. 425. Congrats to whoever had that ticket. After the release of the fed minutes, a conversation that has not been had in a while. A possible increase in Interest Rates. Coming up here on the show. Dagen fresh off president obamas summit. Peter barnes has an exclusive sitdown with trade representative. You do not want to miss it. Next. [ male announcer ] this is karen and jeremiah. They dont know it yet, but theyre gonna fall in ve, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never ght about money. [ dog barks ] because right after they get married, theyl find some financial folks who will talk to them about preparing early for retirement and be able to focus on other things, like each other, which isnt rocket science. Its just common sen. From td ameritrade. Connell back with a couple stocks to keep an eye on. Lets take a look at a couple names. Four of the five names with up arrows. It is that kind of day. Groupon over the last year is up 80 . That has been a stellar performer. Hewlettpackard two. Priceline up over 85 in the last year or so. Recently hitting some new highs. Watch these five names today. We will bring you all the news pertaining to each of these companies. Back to you. Dagen thank you, nicole. Dagen peter barnes is live from the white house with an exclusive interview. Peter. That is right. We are here to talk trade with mike from and who was with the president in mexico. We are looking for a briefing on what happened yesterday in mexico, particularly on this trans atlantic partnership. Did you make any progress . Clearly one of the areas is working well in the transpacific partnership. This is 12 countries representing e are down to some very difficult issues at the end of the day. We are all working very hard to bring it to a close. You should be able to get a deal on this trade agreement this year. Will that happen . We will make as much progress as we can, as quickly as we can. A High Standard ambitious comprehensive agreement. All countries are focused on the major gaps. There are issues like agriculture access to japan, access to canada. Then there are the issues of the standards. Putting disciplines. Strengthening intellectual property rights. The digital economy. Creating new rules for the digital economy. A lot has happened over the last 20 years. This is our opportunity to upgrade. Raising labor standards. It is a great opportunity. Let me ask you about mexico. The president said he told the Prime Minister that there is a process that the United States is working through. The president made clear that the process that the United States government is involved and to make a determination. The big trans atlantic trade agreement you are trying to negotiate with the european union, the eu and you just started those talks in the last year or so. You met this week with an eu negotiator on that. What is the progress on that deal . It is coming along well. We see many of the issues in similar ways. The focus of our discussion this week was on new issues. That involves bringing together two wellregulated markets. Finding ways without compromising the level of health, safety and environmental protection. This allows you to get deals. A lot of democrats are concerned about environmental and work place standards. Republicans are worried about giving the president more powers. Are you going to get fasttrack authority this year through congress . It is an election year. Twelve years ago, this is an opportunity for congress to update its roles. Talking to members about the transpacific partnership. They understand what it is that we are working towards or negotiating. Dagen and connell, watch for that. Developing news in the world of our central bank. Just rescheduling its hearing. Janet yellen. A week from today is when she will appear. It may raise shortterm Interest Rates. What does former atlanta said executive Vice President at Cumberland Advisors think . The market did not read the minutes correctly. The fed has a tapering process. After each meeting. That means the process will not be completed until around december 2014. They are fairly precise about saying they intended to keep rates low for a period of time beyond that. That puts it about the middle of 2015 which is pretty consistent with what Dennis Lockhart said the other day. Dagen it is odd that some investors reacted the way they did to the minutes. Is a Communications Problem in the making . It still keeps people on edge a little bit. What the rate change process would be. They are focusing on other dimensions of the Labor Department. They are very neevous about this. They had that 6. 5 trigger. That is what people are focusing on when they read the minutes. Dagen one at a moveup and longerterm Interest Rates do more damage to a still recovering economy been moving up shortterm Interest Rates . The Federal Reserve not directly controlling Interest Rates. One of the big links is to the Housing Market and Mortgage Rates. If you start seeing an uptick in Mortgage Rates because longterm rates are going up, then, yes, that will put downward pressure on the Housing Market. In particular areas where it has not been recovering as fast as florida and california and other places. Dagen bob, good to see you. Be well. Thank you. Connell blockbuster. It is not what it once was. Why is anyone in this business . Well, we will find out from our guest coming up. Dagen guess what i did in college. Manage video stores. Connell we will be right back. Dagen i did not make videos. [ chilen yelling ] [ telephone rings ] [ shirley ] edwa jones. This is shirley eaking. How may i help you . Oh hey, neill, how areou . How was the trip . [ male announcer ] with nearly 7 million investors. [ shirlehes right here. Hold on one sec. [ malennouncer. Youd expect us to have a highly skilled call center. Kevin, neill holleys on line one. Ok, great. [ male announcer ] and we do. Its how edward jones makes sense of investing. I am jo ling kent with your fox business brief. The Labor Department says the price index increased one tenth of a percent. Walmart offering a weak profit outlook as economic pressures are expected to keep weighing on low income shoppers. That is falling short of analyst estimates. The Federal Reserve was set to testify. After the Senate Banking committee canceled the hearing because of a recent snowstorm. That is the latest on the Fox Business Network. Giving you the power to prosper. For over a dece millions have raised their hand for the proven relief foof the purple pill. And that relief could be in your hand. For many, nexium helps relieve heartburn symptoms from acid reflux disease. Find out how you can save at purplepill. Com. There is risk of bone fracture and low magnesium levels. Side effects may include headache, abdominal pain, and diarrhea if you have persistent diarrhea, contact your doctor right away. Other serious omach conditions may exi. For many, relief is at hand. Oid you te clopidogrel. Ask your doctor abouxium. Connell people are always saying video killed the radio star. Nothing has been able to completely kill video stores. A million stories. The numbers show that you are doing pretty well. Why are you still in this business . Been in the business for 30 years now. I do not know what else to do. We have only had one down year in 30 years. That was then 2004. Our samestore sales are still up. Connell why . Given the trends that i do not go out and rent as many videos as they once did. Using netflix or as many as we once did. There are so many other ways to do it digitally that we do not frequent the stores. It does not seem to make logical sense. I do not think people realize, we get movies 30 days before redbox and netflix. I think that people still like to connect. People like to be there for a long time. People come in. They see their friends. They see other kids and family members. They have a great time in our stores. Connell to her pizza place works and with the video ssores. We have 51. We are opening 75 pizza businesses this year. It is called marcos pizza, by the way. Youll be able able to order online from home. Have your pizza delivered and we will fail to deliver a movie with that pizza. You will save a trip. How do you adjust to that component . How do you adjust to that particular component. What about your download as opposed to your hard copy . Those really are not, those are not new release movies either. Connell 30 days early. On downloads it is even longer than that. Netflix, they will not get hot movies for six months after us. They really are a subscription model. They base that on tv. You are subscribing to tv shows. I do not even think netflixs streaming competition for us. Absolutely. What we have done is, you know, we own all of our real estate. We take our stores and slowly chop them up. I do not see that happening. It does not mean in six years it will be over. Connell i do not know if dying businesses right, but if you get people on thanks a lot for coming on. Thank you. Dagen i managed video stores in college. A couple of them. Connell it always has to be about you. Really. Dagen there was no pornography. It was the south. Energy on the move after the latest supply numbers. Sandra smith will bring them to you in todays trade. Connell oil supplies only up less than expected. Dagen sandra smith is here to with all of that in todays trade. Everybody was waiting for this report. I am going to bring up an intraday chart. We have that week data out of china. We have a dramatic spike. We got the crude Oil Inventory report out. They rose by 1 Million Barrels in the latest week. A million build was expected. Nonetheless, we rally less. We are still unchanged on the session. On the other hand, are above gasoline is your wholesale gasoline. It has been climbing this year. Unchanged as well. As we had earlier seen a decline. We got this report out that got a holding gasoline. Dagen Hotel Tonight is the app that is changing the way travelers book lastminute rooms. One of the founders is here. Connell Elizabeth Macdonald brings us the reports on the tragic deaths of seven bankers in recent months. Liz will have that coming up as markets now continues. On the road and we know that it goes on and on [ female announcer ] youre the boss of yr life. In charge of making memories and keeping promises. Ask your financial professional how ncoln financial can help you take charge of your future. 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With home sales still wavering we are looking get the homeimprovement business which could be headed for a record year. We will break it down in a special series the business of real estate. We need the cofounder of one company revolutionizing the way the hell tell rum industry is operating and getting travelers spending deals. This and more on markets now. It is noon eastern time on the east coast, it is top of the hour and we always want to check on some markets as we do every 15 minutes, the dallas 68 points above 16,000, Nicole Petallides on the floor of the Stock Exchange. Looking to see where we close, 16,154 is where we closed and as of right now we are looking at a losing week on wall street, after two straight weeks of gains. We had to digest a mixed bag of economic news, we are a little weaker than expected but the p. M. I numbers and manufacturing numbers are better than expected. We came off of tough economic numbers from china and weaker manufacturing. Verizon, exxon, the best performers on the Dow Jones Industrials, people wanting to take some chances today, there are plenty of up arrows, the board, down 16,107, the ticket in nasdaq up 1 4 , the s p up 1 4 . A few larger than the dow including walmart. Cheryl we will watch that throughout the day. We will see you in a little bit. It is one of the biggest price tags on the startup, facebook buying what is apps for 19 billion, mixed reviews from wall street analysts, following this story. The latest move to accomplish two things, increase focus on mobile First Technology and by a businesses for the strategy, the offensive actions, and photo sharing, and facebook messenger. The ceo, 415 million monthly active users and 70 of those users active every single day, 1. 2 billion users for facebook and 62 daily active users. Mark zuckerberg paying 19 billion, a huge amount of new users and return, plus new ones every single day. Facebook was in competition for google, fortune reporting the search giant offered 10 billion for the mobile messenger, look at another messageing related stocks, blackberry is up more than 5 . Late last year the Company Finally opened up its android users, they had 18 million users which pales in comparison to what is apps and the Public Market leader for social discovery is up 14 now. Looking at china, the mobile messaging service, to what we chat, that stock was down 22 3 . Looking at analyst coverage, we downgraded the stock, 44 analysts, 4437 have a buyer, strong buy rating on this apps. Cheryl jo lin king from the newsroom and this deal. Thank you very much. Lets stay with this deal between facebook and what is apps and bring in our panel, oliver portia, gary goldberg, ted harris, and Charles Payne helping make some money on this, all talking about this 19 billion deal. Id start with you. What is the buzz about this . And facebook, tough road for facebook over the last year. It was a tough ipo, stock is up sharply, we dont own the stock, not the type the we invest in, it is all about mobility and advertising revenue so i think what facebook is doing is Smart Business strategy in line with what other companies that doing, just a very exciting new domain and that is what people are abuzz about. Liz does this help facebook . Does it make it more Attractive Company . Charles absolutely. This is not just from them being 1dimensional because oliver mentioned advertising. A straight at deal, we provide a service. Make that 1 billion in the blink of an eye. This is growing by leaps and bounds. The ideal weather they pay too much is so irrelevant this is amazing stuff, why Companies Like microsoft, four horseman Technology Stocks comfortable with it, where they are repeat centric and you have some young entrepreneurs out there between elon musk and Mark Zuckerberg who know they have to do this to keep going and it is amazing in my mind. Cheryl will we see more deals like that and one 19yearolds out of the alarm rooms. Close enough, they are young and billionaires. I you excited about the group . We dont own facebook. Mark zuckerberg, it is a natural fit. If it is in the wrong hands. Seems to be a big Customer Base that they can leverage. And i need to see the monetize that. Cheryl you say that can happen. Charles the instagram thing help them out but. They will lose the young people because parents were getting at it. Young people were going to instagram and a step ahead of the game. This was not just a gutsy move. I jumped on to Mark Zuckerbergs bandwagon. I jumped on that bandwagon. Maybe some of the things about the monitors asian of mobile but every question asked of this young company, young public company, they answered in most of the financing before the bell so i think it they are going to do great with this. From investment perspective is important to understand this is exciting and could be very exciting to watch, to witness, to the heart of it you are whats app customer doesnttmake it a great investment. These testings we can caution investors to say when theres a lot of buzz that means volatility. Cheryl we are old enough to remember the technology bust, the internet bust, we are all adults. We did not know what whats app was. Does that make ou cautious at all . Definitely. Aol timewarner merger was a great example. That was a bust. I would say Good Companies often need to acquire to grow and at some point they will become attractive enough to invest in. For example qualcomm was a company that in its heyday sold for 200 times earnings. I thought it was a quality to crap kind of play and the market rotated into stocks like that. Our own qualcomm for the past 12 years, the Company Became a very stable, mature, good company and has done pretty well. Maybe we will see that. Cheryl what about google . They are off of the bidding war. Charles it is of bidding war. Dont know how many prizes are out there like whats app but we will see the mend google what theyre doing is going for a lot of Different Things and a lot of stuff they are trying dow will fail. By the same token one of these things is almost like a publicly traded public venture or venturecapital firm. They have their sights on the next big topic. Cheryl buy office space in downtown san francisco. As you point out in this segment, what whats app the common competitor of facebook, unlikely to be the case with google. To pay a significant premium, i have no idea what it should be valued at, something we will not concern ourselves with but it is a different business model. We own google and think it is a terrific growth company, executing, if they had the Company Expected to grow by over 25 , that is a company we want to own, that is the type charles never look at facebook. Cheryl good point. Anything else in technology you like t you are watching . It is the dark, it looks attractive, some growth issues recently but the Company Still seems to have a great product cycle they are in. We like qualcomm as well as emc which is boring as well. We see great things ahead for storage. Technology cheryl do you own qualcomm personally . Do you own emc personally . Through our mutualfund. Cheryl not you personally. Want to get that disclosure out. Oliver portia, Charles Payne, thank you very much. The wolf of wall streets causing even more controversy. One of the reallife lawyers portrayed in the movie is asking for the film to be removed from theaters and your personal information is at risk if hackers attack big businesses and even universities but there might be a way to fight back and make some money while you are doing it coming up. Cheryl dow 72, looking at cocacola, annual Dividend Increase for this company, the stock at 3742, dallas 2 points, the dow higher by 72, the Company Offering 0. 20 a share, thirty. Five cents per share. That is the Dividend Increase for cocacola. That came out of the minutes ago. Bring in Nicole Petallides for the Stock Exchange. Nicole a lead story today is the fact that facebook acquiring whats app for 19 billion, that is a few moves. What about the other names in the business . Watching blackberry on this news. How much these messaging services are worth, it is very popular, and target of 950. It is sitting at 950. They could get more money than people regionally fought for their very popular messaging service and that is why were seeing blackberry been down. We know that for a fact the base on the news we are seeing, the acquisition of whats app, what does that mean . Thank you. A string of death and suicide has the financial world on edge. A person dies under mysterious circumstances. Liz macdonald joins us now, the story were looking at. She reportedly jumped from a skyscraper in hong kong. Jpmorgan chase is where she worked, the third death at Jpmorgan Chase in recent weeks. The first suicide, suicide was not at. Bank. We dont know if it was a suicide yet. The first incident happened him in new york city with robert wilson, the Hedge Fund Founder who jumped to his death, that was the first. Then there were others at Deutsche Bank and other mysterious deaths. We have a statement from Jpmorgan Chase, and they are not commenting on whether these deaths are suicides. Jpmorgan says says the tragic incident occurred at hong kong tuesday, investigated by the police, it cannot comment further. We cant link of these seven. Nearly 8 Million People work in the finance industry in the United States the run. 800 Million People work in Automotive Industry around the world. I tell you something. It is odd that these deaths had been in rapid succession since december. Cheryl go back to the stories from the great depression. The stock market crash, in new york, you can understand why financial ruin and does stearns turn certain people to commit suicide. The point is well taken weekend link this. Liz i will tell you how the Companies Respond, the timeline of the mysterious deaths, youll see this in december, the first is robert wilson, and. A bank in here and Russell Investments and jpmorgan. Here is what the Companies Respond and this is according to an executive i spoke to who was a top level led citigroup and individual at Jpmorgan Chase. They go through their individualss computers and laptops and tablets to figure out whether is stress related, did something trigger it, was there an email they were upset about in terms of Company Action against them in terms whatever it could be. The fact that theres a string of 7 deaths since december is noteworthy but should be taken in the context of hundreds of thousands of people, millions who worked in finance, motors around the world. We have to put it in that context. Cheryl great job, liz macdonald. Home sales and Housing Starts getting all the attention this week but of equal importance, the booming 300 billioo remodeling and improvement market that is happening in housing. We continue our look at the business of realestate. One lucky winner celebrating a historic jackpot win. After last nights power ball trying, we will be right back. [ male annouer ] hands were made for playing. Legs, for crossing. Ft. Splashing. Better things than the joint pain and swelling of moderate to severe rheumatoid arthritis. If youre trying to me, now may be time to ask about xeljanz. Xeljz tofacitinib is a small pill, not an injection or infusion, for adults with moderate to severe ra for whom methotrexate d not work well. 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[ ma annouer ] how did it come to be . Urs . Ah. Not anymor its a very ort story. Come on in. [ male annouer ] by meeting yomorehan halfway. Its how edward jones makesense of investing which will cause me to miss the end of the game. The x1 entertainment operating system lets your watch live tv anywhere. Can i watch it in Butterfly Valley . Sure. Can i watch it in glimmering lake . Yep. Here, too. What about the dark castle . You call that defense . come on [ female announcer ] watch live tv anywhere. The x1 entertainment operating system, only from xfinity. What is this place . Where are we . This is where we bring together the Fastest Internet and the best in entertainment. We call it the x1 entertainment operating system. It looks like the future we must have encountered a temporal vortex. Further analytics are necessary. Beam us up. Thats my phone. Hey. [ female announcer ] the x1 entertainment operating system, only from xfinity. Tv and internet together like never before. Cheryl new and existing home sales receive a lot of headlines but only a fraction of Residential Housing recovery. Equally important trends in to repair remodel segment which measure how expenditures, joining me for a special series, the business of real estate, is the chief economist of the American Institute of architects. It is good to see you. I find it interesting that one of the big things we are seeing right now is the baby boom generation is changing their homes so they can live their days out at home. How big a part of the business is that for you . That is the huge market and will be big. The number of baby boomers age 65 plus is almost going to double between 2010 and 2003 as the baby boom enters the market. Most stay in their current home. Older homes dont accommodate accessibility so they have to do some fairly significant retrofits to make sure they meet their needs moving forward. Cheryl maybe not so much the baby boom generation that cash on hand. Overall modeling, where is the model coming from. Theres a financial crunch in the lending market. Where are they getting the cash to do these remodels . They are equally tight on the homeequity lending side too. Households are using cash to pay for Home Improvements something something they have done traditionally but 70 of spending on Home Improvements is on a cash basis so that limits the amount they can spend, makes the more cost conscious in terms of products they undertake an end up with tight budgets. Cheryl one of the things we are seeing in the new york area to the region specific is technology in the home not just for the Younger Generation but overall, anything new or something perhaps gutted in the new york area people are selling ipads, we have seen that in the magazines in new york. Is that a National Trend or something that is happening in cities like new york . That is national. Home automation will be one of the fastestgrowing segments in this market moving forward and with the recent news of google buying nest and being involved in this market we will see a lot of changes in the next few years. In terms of the types of products offered and in terms of consumer interest in getting more involved in this area. Cheryl Energy Efficiency is the other thing because of tax credits being offered. A big proponent of the model market. We talked to contractors who say 30 of their projects have Energy Efficiency motivation in them. That was very big as you mentioned during the downturn because of tax credits associated with it. Concern is with the increase in Domestic Production of energy and likely of latter price moving forward. This will continue to be a driver of homeimprovement spending and we will see that as the market unfolds and Energy Prices unfold. Cheryl good for Companies Like lowes and home depot in general. Also curious about the rental market. There has been a huge bloom in the rental market in the last two years on the heels of a recession. Is that big Home Improvement space . That rental market . It hasnt been over the last few years. Theres focus of home ownership. The renters share of the market climbing from 31 to 35 over the last decade, 35 of households are renters and the stock largely hasnt been invested in. There is a lot of upgrading that needs to take place and that is going to be and is already a very hot market. Cheryl the madmen generation, 1916s remodels and stuff like that, fun stuff happening out there. It is interesting about the fat happening now. Thank you very much. We are going to investing in real estate. Realestate advisory chief will be here tomorrow. One of my avorites. He will talk about commercial versus Residential Land investing your money right now from a m perspective coming up tomorrow. Is one of the largest jackpot in u. S. History. The power ball jackpot estimated at 425 million with a cash payout of 242 million and the only ticket to match winning numbers that dixon landing, chevron, just outside san jose calif. The bay area, Convenience Store will receive 1 million. The only question is who is the winner . Hopefully we will find out very soon. Target, las vegas still in the headlines. The fallout for recent Cyber Attacks continues to grow. You can pay the biggest headlines in business and how you can invest in all of this. It is easier than you think. Speaking of las vegas, since city getting ready to put limits on its alcohol industry. I have the details coming up in the west coast minute. [ndistinct shouting ] [ indistinct shouting ] [ male announcer time and sales data. Sptsecond stats. [ instinct shouting ] its so close to the options floor. [ indistincthouting, bell dinging ]. Youll bust your brain box all on thinkorsm from ameritrade. We are thinkers. The job jugglers. The up allnhts. And the ones who turn eas into action. Wevmade our passions our lifes work. We strive for thmoments where we can s, i did it we are entrepreneurs who started it all. With a signare. Legalzoom has helped start over 1 million businesses, turning dreamers into business owners. And were he to help start yours. Cheryl coming up in the next half hour of markets now, changing the way hotels fill empty rooms. We are going to tell you why one reallife investment banker is suing the global of wall streets Production Company for 25 million. Las vegas might be carrying its takeover, is in city council looking at cutting the towns liquor licenses, details coming up on the west coast minute. It is the bottom of the hour, stocks every 15 minutes, Nicole Petallides standing by on the Stock Exchange with some movers. Nicole the Dow Jones Industrials at triple digits, 99 points. Three i hitting new highs and one pulling back, talk about what we are seeing, keeping a close eye on jack in the box, the parent of another popular chain, in both cases doing samestore sales and that stocks hitting an alltime high, First Quarter profit up 56 . Dtb coming out, 3 billion buyback, a new high, then we look at his luck, new alltime high, gave up forecasts above what everybody was expecting projecting a 55 increase in their production and the ceo confirming conversations with apple. We will find out soon enough. Apple pulling back today on downgrades from barkleys, equally from an overweight concern, products may not move the knee last much as products in the past for apple. Cheryl thank you very much. University of maryland the latest victim of a hack attack, the schools as personal workers for 309,000 students, faculty and staff were compromised including Social Securitys common names and dates of birth. Officials say the breach occurred Tuesday Morning when an outside source access secure records database Little Information dating back to 1998. The cybercrook did not change anything in the system making a xerox of the data before taking out of there. Lawenforcement officials investigating this incident. Now you can make money by investing in this news like the recent cybersecurity headlines. You are always following the news and letting customers create their own motif, cybersecurity is hot. One of our top ten motif. A lot of people following and we live in a day and age when every week theres a story about compromise, Companies Spending 67 billion, the Government Spending 16 billion. The new security risk, no logger terrorism but cyberterrorism. Cheryl your cybersecurity is a correlation with stocks but again these motifss as an example, how low although and semantic fire and this is an example of that. We give you baskets of stocks, we intelligently weighed them. And not market cat but adjusted for exposure to cybersecurity and we allow you to purchase all these stocks for the cost of a single Stock Transaction with no fees, and 1 million for that. Cheryl this is your computer. Go through the performance of the cybersecurity motif and this is a 1year picture of what we are looking at. The blue line is cyber securityy the s p 500 gives you a sense how the motif has performed over the last year. Cheryl pull up the next motif, another hot place if you are young is gaming, online gaming. People played against each other in other countries and having their own personality. Multi player online games are obsessing, they kidnapped my wife, cant stop playing candy crush these days. What people dont realize, north American Companies the good at creating games. Asian companies, International Companies in general papa lot of moral out of this. Papa share make it is up 424 points. The s and p, 23 . This is an interesting charge because can be crushed about to go ipo. The orange line here, the time you are going ipo. And that is zynga stock. The blue line is this motif and the green line is the s p 5 under so of the two years you see the risks of investing in an ipo in the blue line gives you diversified bets and this is one reason. Gerri you would have been hurt by zynga if you bought that stock, motif style you would get activevision, electronic arts. 50 of your money that you bought zynga at the time of the ipo. Cheryl interesting how you are following the news. Other motifs you are getting because the news is past and we talked about your health care motif, obamacare motif. Obamacare is gaining a ton of momentum. We let go of the motif after Hurricane Sandy and invest in the rebuilding efforts so that got phased out. A lot of trans our system and lose some take shortterm. Fed tapering motif is on fire. Everyone watching market returns by the decision of the fed. We have some interesting motifs trending up right now. Wants that are trending down typically commodities, Precious Metals not doing very well, things like robotics doing well. Cheryl it is a different way to invest but whose business is improving so you got a lot of interest. 35,000 motifs built by our customers. Cheryl making your own index kind of thing. Do it yourself. Thank you. Following the news and making money. Somebody called Charles Payne. All right, time for your west coast minute. More latinos are enrolling in cover california, the state health care exchange. After a slow start millions of dollars were spent on spanishlanguage ads and brochures. As of wednesday 28,000 people over all have an rolls and the portion of that is coming from the Latino Community according to exchange leaders. Hawaiian airlines is cutting direct service to china from honolulu to meet growing demand. 0. 35 now. The number of Chinese Tourists visiting hawaii is jumping 40 since 2012 and hawaii believes it will be one of the fastestgrowing age the connections. Daily spending by chinese tourist spa highest of all visitors to hawaii in 2013. Finally an attempt to fight high crime rates the Las Vegas City Council may begin to limit the amount of bars and Liquor Stores doing business downtown. Over the last five years the amount of booze businesses has exploded and the city was happy to be business at the time, any business showing up the things like underage drinking, open containers, Gang Activity and overall crime have become a serious issue downtown since the influx of those businesses. That is your west coast menendez the west coast to the east coast, does it ever stop . Winter weather this year leaving thousands in the lurch and in need of lastminute hotel rooms especially new york city but smart phone apps Hotel Tonight has been this, we will go on the road with a Company Cofounder and ceo of coming up next. Also watching crudeoil, u. S. Crudeoil supplies climbing less than expected and phil flynn live at the cme with contracts, reaction and more. We will be right back. Tdd 18888522134theres tdd 18888522134 just waiti to be found. Tdd 188822134 at schwab, were here to help tdd 18888522134 bring what inspires you tdd 18888522134 outhere. In here. Tdd 1888522134 out there, tdd 188822134 there are stocks on the move. Tdd 18888522134 in h tdd 18888522134 chart pattern recognition tdd 1888888522134 whicshows you which ones are bullish or bearish. Tdd 18888522134 now, earn 300 commissionfree online trades. Tdd 18888522134 call 18888522134 tdd 18888522134 or go to schwab. Cotrading to learn how. 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National Transportation Safety board is looking at pilot fatigue as a factor in the deadly crash of a ups cargo jet. A cockpit voice recorder transcript shows the pilots complained about hiring work both pilots were killed when the plane slammed into a hillside short of a runway in alabama. That is the latest from the Fox Business Network giving you the power to prosper. Cheryl pictures this. It is snowing and you are stuck in new york, d. C. Boston and need a place to sleep. My next guest is aiming to revolutionize how the book their rooms and give shelter to you if you need it. Jerrod simon is the cofounder and see 00, thank you for bbing here. I want to start with that. You have an apps that lets people book rooms, that warning for that night given deals but did you see a lot of activity in the northeast over the last month . Incredible. The last several months and certainly our experience over the last several years these weather events are interesting for us particularly, in the last few weeks the variable weather, even the super bowl, variable weather, really interesting opportunities for us and we are bringing some interesting deals to people as a result. Cheryl 10 that are desperate but happier customers or business travelers so is an apps on i i phone or samsung that lets me book a hotel, 9 00 that morning local time. The deals are out there. How many rooms go on sold every day . On average in the u. S. About 40 of Hotel Inventory goes unsold. It is a Staggering Amount of inventory available same day. Cheryl that is very high and you have 9 million users. 9 million users worldwide. We have launched 17 countries around the world. Cheryl you have been signing up partnerships with a lot of hotel companies. Now new Venture Capital coming in and funding from starwood, not the hotel chain but the financing sight. Talk to me about the funding coming in and what you see this company doing in the future . What is going on here . We always knew we had something interesting, we knew there was a need on the hotel side and the consumer side for a way to connect the two same day. And they needed another distribution channel. The recent investment to the founder of starwood hotels, is a great validation for us, that in addition to the fact that several hotel chains have signed up on the service, really nice validation for us that the establishment is realizing we can add real incremental value in in in a sea of other distribution options. Cheryl what is better than going into the hotel, i am stuck in new york, what is the difference . Do you find they are competing more worried there might be collusion between the hotels and other services in the past . I think the Hotel Tonight premise for hotels is we offer a sole purpose distribution medium for them. We only sell rooms for tonight or stays that start tonight and we limit the amount of hotels we display each day in each city. There are limited slots and 4 hotels that means since we dont deploy the same hotels each day we offer a nice, focused way to get in front of consumers when they need to move rooms right now and because they know they are not on display every day, it doesnt become predictable for our consumers which hotels will be up there. That allows hotels to get comfort in being more aggressive with their rates same day. Tremendous deals on hotels today. Cheryl prior lifework that orbits so you know about lastminute deals on anything. Thank you very much, interesting story. Thanks for having us. Cheryl the dow up 107 points pushing session highs, lets go to the Stock Exchange, jonathan cortines, marine Equity Partners on the floor. I think our viewers are getting used to the volatility we are seeing over the last few sessions and almost a race, the dow, the losses we saw in january, is that bad news the we have gotten that correction or pullback that many said were a pealthy event for the market . The volatility we saw in january is healthy for the market. That might be the move everyone is expecting. People talk about big numbers, 50 move in the market. We dont need that to flesh out the activity in the market. What we need is what we got in january. Works people up and remind us the market wont go up every day and we wont get 30 return so a little Lesson Learned but stepping back and looking at what we have, Economic Data has been soft, mildly getting better, confidence in the market is here and diking we will see the progressions we have seen already in february. Cheryl this really has become quite a story for our viewers who are watching our investment . With all the news out there we are going to continue to see activity, cash on hand is key. Companies need to use it, we will see more and activity coming. Cheryl thank you, good to see you. Lets move to the other side of the spectrum. Oil stocks rising less than expected. Lets head to the trading pits of the cme, we got supply data out one day late because of a holiday on monday. What do you make of the numbers . A little bit of a miss . It was a mixed bag. If you look at the crude oil number we are now rallying up, we will have a four month hire and after the report even though we missed the mark prices came back down. Part of that was we saw big drum down in cussing, oklahoma bringing products to the market and better than expected supplies for distillate fuel and gasoline so that kind of was an offsetting type of situation. The one thing we got out of this report because of the drawdown in pushing, we see the wti spread gain on the front that everybody is going to watch. Who said this would never be the Global Benchmark again . It is well on its way, markets are going crazy because of the weather, look at coffee over the last few days . They have the biggest up move in 20 years . Guess what happens today . They were down, the biggest one day move since august of 2010 but theres a possibility that 30 of the Brazilian Coffee crop is at risk meaning higher prices and you better book your joke right now. Cheryl i can never predict what you are going to say . Coffee . Watching coffee in the market, so phil flynn on the pits of the cme. The wolf of wall street is stirring up even more controversy. Details on the 25 million suit facing the film makers and distributors. And renewing the push to get texaco to break up its snack food and Beverage Business on the hunt again for this, details coming up next. vo you are a business pro. Seeker of the sublime. You can separate runwayy diculousness. From fashionhat flies off the shelves. And you. Rent from natial. Because only national lets you choose any car in the aisle. And go. And only national isanked highest in car rental Customer Satisfaction by j. D. Power. vo so do we, business pro. So do we. Go national. Go like pro. Like carpools. Polly wants to know if we can pick her up. Yeah, we n make room. Yeah. [ male announcer ]. Office space. Yes, were loving this communal seing. Oh, its great. Eah. [ male announcer ] the best thing to share . A data plan. New at t mobile share value plans for business. Our best value plans ever. For example, you can get 10 gigs of datto share. And 5 lines would be 175 a month. Plus you can add a line anytime for 15 aonth. Sharings never been better for business. Cheryl a lawyer is suing the street over its portrayal in the film. Andrew greene portrayed was a reallife friend and Jordan Belfort and head of Corporate Finance for his company in the 90s. He says the film portrays him as a depraved criminal with seeds of reckless party in which is the whole movie, intense drug use. It is permanently damaging his reputation. He intends to sue the film for 25 million calling for the movie to be removed from theaters. I think i would be grateful. Renewing the campaign for pepsico breakup, the activist shareholder turning up the heat on the 37 page letter to pepsicos board outlining why the company should spin off its struggling Beverage Business and focus on its fritolay snack food unit. A giant Fund Management with jones 1. 2 billion in pepsicos stock says it will begin meeting with shareholders immediately to gaugeesupport for a breakup, he hhs been at this for awhile and pepsico said the management remains united against any type of split. If you call this a pressure cooker, parliament could be used in emergency sessions as more gunfire erupts. A live report from kiev coming up. Global financial world on edge after a string of mysterious deaths. Charlie gasparino joining ashley with new details today. The Research Behind tractor biotechnologies, the bun mending treatment that could be used on soldiers, civilians and runners who trip like myself. We will be right back. See whats new at projectluna. Com good afternoon, everybody. I am ashley webster. Protesters regaining control of independent square. A live report from the scene as violence halts talks between ukraines president and eu officials. Dennis weakness in china. Cheryl what is up . What app. Dennis Amazing Technology behind fracture putty. A mixture that could speed up recovery for broken bones. Engineering new bones. Cheryl time for stocks now. Lets head to the floor of the new york Stock Exchange. A great deal here on wall street. About ten points off the earlier highs of the day. The nasdaq also higher. Right now the vix, the fear index, to the downside. We are watching the ten year period we have plenty of winners on the dow. Energy. On the downside, we have walmart. Negative nine down points. They are forecasting lower profits. They will be opening more stores. Tough numbers here out of walmart. Down 1. 8 . Back to you. Dennis nicole. Thank you very much. The death toll climbing in the ukraine. Last nights brief truce comes to an end. We have a correspond or in gf. What is the latest you can tell . The body count is rising. There is a cathedral overlooking the city. Right now, protesters are trying to strengthen defenses. We are pretty much expecting some kind of swatch of government. Dennis we heard this rumor. From what i can understand, the protesters that the truce was actually a ruse and did not trust it. We saw more violence breaking out today. Is that correct . That is correct. There will be more. There will be more if this escalates. Dennis the fact that they are using live ammunition, it is really disintegrating into a silver war. How does this play out . It is very hard. I think it will take some very talented people to prevent it. There are negotiations going on the uestion is whether it is just too late because of the distrust. It is pretty deep. Dennis thank you so much. Stay safe and be well. Cheryl a critical gateway for natural gas that moves from russia to western europe. 50 of russias imports passing through the country. What do these ongoing protests mean for the future of natural gas . Matt, thank you for joining us. I want to get right to this. We do not have much time. You will have to convince me that this is a realistic concern. This is actually something that is driving Natural Gas Prices higher. I followed these markets very closely. I find it hard to make a connection, but you do. We are not actually seeing an impact on prices. Russia is the largest supplier of natural gas to western europe. What we saw, the workplace scenario back in 2009, russia cut off their pipeline. The worstcase scenario, we see 25 of imports cut off. I am not saying that that will happen, but russia has aligned itself with ukraine. It knows that this is such a key element of the Natural Gas Market they are in europe. Cheryl could these protests eventually affect the pipeline . I am looking back at history. There is not a lots of evidence that protest like this, the end result is that they do get to the pipelines. Is that a realistic concern here . Yes. We saw prices spike. The reason that the russians have given this bailout to ukraine is because they want to get into a situation where they can possibly do that or have some influence. Cheryl we are looking at Natural Gas Prices. What could potentially visit due to already sky high Natural Gas Prices. There is sort of 10. It is not really likely to have an impact. We have our Domestic Production. We cannot enforce it yet. This really could affect europe. These are global markets. I will end with this. The reason we see natural gas pricing spike is because of our supply. I am sorry, i have to disagree with you. Once we get to this cold step, next week we see the april contract, mind. That will be your answer. We will see prices easing lower. Cheryl im not sure all the natural gas will stay in the u. S. Thank you very much for joining me for that. Dennis one of the biggest price tags. Jo ling kent joins us with more. 16 billion in cash and stock. According to early investors, ceo and cofounder john is a classic american story. He emigrated to the u. S. As a teenager. He was on food stamps before. His mentor kept in touch with his family and friends. It now adds 1 million users every single day. He will live the dream. He is joining ffcebooks board. They acquired instagram for the same reason. Fadeout girded to equal rate. Cantor fitzgerald taking a more positive stance. The strategic rationale in the longterm is sound. Just before that, he was rejected for a job that twitter. Cheryl starting to feel like a pipe dream. Shares of the electric card maker driving to a new alltime high. Cheryl an ipo who on wall street. Thirtyone companies. That is up 72 from this point last year. We are just getting started. A name to watch ahead. [ cellones beeping ] [ cellphone rings ] hello . [ male announcer ] over 12,000 financial advisors. Good, good. Good over 700 billion dollars in assets under care. Let me just put this away. [ malennouncer ] how did edward jones get so big . Could you teach kids that trick . [ male announcer ] by not acting that way. Ok, st quarter. [ male announcer ] its how edward jones makes sense of investing. Cheryl more delays for the keys dont pipeline. Another setback for the troubled oil pipeline. Peter ducey is that the white house with the details on that. The judge ruled that their states constitution does not give the governor of nebraska the authority to approve the keystone exelon pipeline construction. The ruling is that that authority belongs to the nebraska Public Services commission. Governor already signed off on keystone after planners redrew the map. We made a thorough review of the group. The state department, not yet commenting on the latest keystone development. President obama is saying with a big project like this it is okay to go slow. I stated previously that there is a process that has been gone through. I know that it is extensive. These are how we make these decisions about something that could potentially have a Significant Impact on Americas National economy or natural interest. Transcanada says that they are disappointed they are looking at their options. Sandra. Cheryl thank you so much. Fox news peter ducey. Dennis lets get a check on the markets. What a day. What a report. Taking a look at tesla. 215. 21. We are watching marriott very closely. 46 Going Forward. The lower revenue number did hit the stock earlier today. We saw the negative territory. Right now it is managing to squeeze out a game. 51. 594 marriott. Back to you. Dennis thank you very much. Coming up on money at 2 00 p. M. Adam shapiro goes oneonone with marriott ceo. Earnings, sliding profits, 200,000 rooms in the pipeline. You do not want to miss it. 2 00 p. M. Right here. Cheryl it is time to make a little money, a lot of money, with Charles Payne. Soda bottles. Explain. Two Major Players in the soda business. Charles popping bottles is like, you know, he started it, but they changed it. Popping bottles is popping like the chris crystal and champagne. We just saw earnings from some of the big giants. The gigantic and need help. Recently, coke did something very smart. They took a 10 stake in green mountain. The stock went absolutely through the roof. Monster, it is interesting with monster. They have actually missed the street. Looking at that same quarter, use the reasons why it would be fantastic for one of these to make the acquisition. We are only up 7 . If you put the muzzle of a coke or pepsi behind, it makes more and more sense every day. Even diet soda is starting to come down. That means a top line growth absolutely amazing. A lot of people think it is a one trick pony. We go through these phases. We will use it for two or three months. There we will decorate it for two or three months. Wall street hates this company. They just had a really bad. They had a really ugly preliminary earnings report. Now, i love it to the upside. They report in the next couple of days. It is a high risk play. Okay. Charles payne. Thank you. Dennis less than a week after the stake in pepsi. He is renewing his campaign to split the company. Here we go again. 837 page letter to pepsicos board. 1. 2 billion of pepsico stock says it will begin meeting with shareholders immediately. One in a million. Make that 175 million. No, we did not win. That single powerball ticket. Cheryl a hot streak of ipo on wall street. Next we have an ipo on. Kathleen smith. It will not be followed by another fuss. Stay tuned for that. In the new new york, we dont back down. We only know one direction up so were up early. Up late. Thinking up gachanging ideas, li this dozens of tax free zones across new york state. Move here. Eand here. Or start a new business here. And pay no taxes for 10 years. With new jobs, new opportunities and a new tax free plan. Theres only one way for your business to go. Up. Find out if your business can qualify at startupny. Com [ laughter ] [ feme announcer ] each one of us is our own boss. And nmatter where you are in life, ask your financial professional how lincoln financial can help you take charge of your future. Cheryl setting records. U. S. Ipos off to the best record since 2006. We are not done yet. Kathleen smith, cofounder, with the names to watch coming down the pike. One may assume that this is just another ipo bubble that will burst. You are not of that line of thinking. 2011 was not that great for the ipo market. We have a lot of pentup companies. If you had an investment product, we have an etf. This is new etf. Tell us about that. Sure. A new public company. A twoyear rolling population. It includes the largest most liquid ipo. It is a way to invest in public so companies. The largest is facebook. Twitter is, i think, the eighth largest constituent. Renaissance capital 2014 outlook. I think that these are staggering numbers. 250refund it ipos. They raised 6,280,000,000,000. Last year there were 200 so ipos done. 55 billion raised. It will be bigger than facebook. Some extremely large ipos that are in the pipeline. We will probably see service master, public. There is a cloud based dropbox. Cheryl what names did you see launched that were very successful . The portfolio is up 4 . Better than your standard benchmark industry. The finance Company Maybe it is about 30 of our ipo etf formula. The financial side is another 20 . Not just technology. An ipo for an ipo. Dennis we have some breaking news. You are not lying about ipos. An online restaurant menu and takeout ordering service. The Company Officials have met with investment banks and could launch the ipo in the first half of the year. All right. Chances of winning is one in 175 million. One person certainly divide someone just filling up gas, got a ticket cant change her life forever. No one has come forward yes. One, 17 thirtyfive, 49, 54 and 34. Cheryl the backlash. The new threats. A painful event followed by months of Recovery Time. The university of Georgia Research down behind fracture. It could recover. In just a week or two. Stay with us. We asked people a question, how much money do you think youll need when you retire . Then we gave each person a ribbon to show how many years that amount might last. I was trying to, like, pull it a little further. [ woman ] got me to 70 years old. Im going have to rethink this thing. Its hard to imagin how much well need for a retiment that could last 3years or mor so maybe we need to apprch things dferently, if we want to be ready for a longer retirement. If we want to be ready for a longer retirement. If. Hey breathings hard. Know the feeling . Copd includes emphysema and chronic bronchitis. Spiriva is a oncedaily inhaled copd maintenance treatment that helps open my obstructed airways for a full 24 hours. Spiriva helps me breathe easier. Spiriva handihaler tiotropium bromide inhalation pder dotell your doctor if youing inhahave kidney problems,oms. Aucoma, trouble urinating, or an enlarged prostate. These may worsen with spiriva. Discuss all medicines you take, en eye drops. Stop taking spiriva and seek immediate medical help if your breathing suddenly worsens, yo thrt or tongue swls, you get hives, vision changes or eye pain, or problems passing urine. Other side effects include dry mouth and constipation. Nothing can reverse copd. Spiriva helps me breathe better. Does breathing with copd weigh you down . Dont wait to ask your door about spiriva. 800,000 hours of supercomputing time, 3 million lines of cod 40,000 sets of eyes, or a million sleepless nights. Whether its building the worlds most advanced satellite, the space statio or the next leap in unmanned systems. At boeing, one thing never changes. Our passion to make it real. Who found a magic seashell. It told him what was happening on the tradg floor in re time. The shell brought him grat fame. But then, one day, he noticed that everybody could have a magic seashell. [ indistinct talking ] [ malennouncer ] right there in their trading ptform. [ indistinct talking continues ] [ male announcer ] so the magic shell wentack to being a. Shell. Get livequawks right in your Trading Platform with think or swim from td ameritrade. Sandra markets gaining ground. Time for stocks now as we do every 15 minutes. Lets head down it floor of the new york Stock Exchange where our own Nicole Petallides where the dow seems to be powering higher right now. Nicole . A few notables here, sandra, on the Dow Jones Industrials. The dow jones is at 16,157. So that is a gain of 116 points. With this gain and this move a couple of things are happening. Number one we are really around the session highs of our trading day. The other thing worth noting last friday we closed at 16,154. So we are now three points in positive territory for the week. And that would make it the Third Straight week of gains for the dow. So it shows the trend remains to the upside. So you do see it battling back. It has been one of these days. Risk on. They have been buying up just about everything. Back to you. Sandra thank you. Ashley we, a new way to cut down the time it takes to mend broken bones to perhaps just days. It is called fracture putty, a new approach being developed with the use of stem cells which may hold the key to decreasing the Recovery Time significantly. We have the lead scientist of this remarkable project. He joins us now to discuss exactly how it works. Steve, thank you for being here. Now you have not yet tested this on humans if i believe that to be correct. You tried it on rats and pigs and sheep. What results have you had so far . I guess we should begin with, how does it work . Right. Thank you, ashley, for having me on the program. Fracture putty is really a new class of proteins, cell therapy, all mixed into a jell that is injected into the injury site, the broken bone and it takes advantage of the stem cells and their healing ability but also recruits the bodys own healing process to mend bones faster and with less pain and with less sideeffects. Ashley as you mentioned you tried this on animals. But what kind of results, what are the challenges when you take this new approach to use on humans . So really the approach we take is the same we take with animals, except it will be scaled up significantly. The approach to take the stem cells introduced. A protein that will make the bone heal faster so much smaller scale in rodents. But as we moved up into sheep and fixing clinical cases in sheep with the Surgical Team here at the university of georgia. Then also with our human Surgical Team well be able to go into Clinical Trials. A lot hinges being able to make it a safe and effective therapy. That is where our research is focused currently. What are we talking about here, steve . Traditional you set the bone in a cast and hop around for six weeks, two months. How much quicker could the bones heal with this treatment . Exactly. And that is what our goal is, to do it much more quickly. So for instance, many of our war fight thats come back from the middle east spend months in a bed, bedridden due to injuries. And fractures and so forth that could take months and sometimes never will heal and then, amputation is in order. But with fracture putty the hope is to heal those bones within weeks. Weve been able to do it within weeks and in animals, up into, up into sheep and pigs now. Ashley so quickly, how soon, if everything goes to plan how soon could this be actually used in the real world, steve . Currently were in the process of conducting preclinical studies. That is again for safety and efficacy of the treatment. Were starting to begin to plan our discussions with the food and drug administration. That will occur this year and we hope to be in Clinical Trials within the next year. Ashley well, we wish you best of luck. It is fascinating. Steve, thank you so much for joining us. Steve sise in georgia, in the u. S. , felt like he was on other side of the world. Long delay with the satellite feed. Fascinating stuff. In the final installment of our doctor tech series well talk to the jay flatly, the ceo of illumina. He has cut the cost of the human genome mapping. As a result working into the health in the future just got cheaper. Sandra Homeland Security scrapping that plan to track you uses your financial plate. Ashley a string of death and suicides as a 7th person dice under mysterious circcmstances. Charlie gasparino is here with exclusive details next. Sometimes they just drop in. Always obvious. Cme group can lp you navigate risks and capture opportunities. We enable you to reach obal markets and drive forward with oader possibilities. Cme group how the world advanc. Iwe dont back down. We only know one direction up so were up early. Up late. Thinking up gamechanging ideas, like this dozens of tax free zones acss new york state. Move he. Expand here. Or start a new busiss here. And pay no taxes for 10 years. With new jobs, new opportunities and a new tax free plan. Theres only one way for your business to go. Up. Find o if your business can qualify startupny. Com im Cheryl Casone with your fox business brief. Consumer prices rising slightly in the u. S. The Labor Department says the price index increased. 1 of a percent in january. A sharp rise in energy costs offset ise in cars and air fares. Fed chief janet yellen will testify in front of the senate february 27th. She will provide update on the Central Banks Monetary Policy at the hearing. The national Transportation Safety board is looking at pilot fatigue as a factor in the deadly crash of a ups cargo jet. The voice recorder shows that the pilots complained of tiring Work Schedules that didnt allow enough time for sleep. Both pilots were killed after the plane slammed into a hill short of the runway last august. That is the latest from fox business, giving you the power to prosper. Ashley the largest string of suicides and other deaths on wall street since the financial crisis has banks reminding employees of Resources Available to them. Charlie gasparino is here with more exclusive details on which firms are the first to act. Charlie . This is not a story you like to do. This is a terrible story. You dont like to brag you did it first. But as we reported earlier this week, this is an issue. Wall street is now following up. There hasnt been this many deaths in a cluster i would like to point out, in a matter of weeks. Talking some six to eight weeks since the financial crisis. Even then that was more or less, you know, over a series of many months, okay . What we do know right now the banks are now, telling the Fox Business Network that they are taking affirmative steps, affirmative actions to remind employees what type of counseling they have. We know jpmorgan is doing this we do know that bank of america is doing this. But they are going out there and saying listen, we are worried about this. This is an issue. We should point out that most of these deaths, five of them are suicides. Two of them are, you know ashley mysterious he circumstances or unknown. Unknown. People do have heart attacks even at fairly young ages. Ashley yeah. Although i think the oldestgy guy, the oldest person in this cluster is in his 50s. These are generally youngish people. And, you know thats where we are right now. The banks are taking those affirmative steps. Wall street is an interesting place. I will say this as someone who covered wall street a long time, when madoff happened and when you had the financial crisis, again that was a slow burn. People did stuff like this. The type of personality, if you get into it, why might people be doing this particularly the suicide portion of it . Wall street is high stress. But my dad went up on scaffolds and worked 20 stories up with a construction workers. Ashley that is high stress. Those guys werent, that is really high stress. People in battle. That is high stress. What is interesting about wall street the type of person it attractions. Attracts typea personalities. Ashley yeah. Typea personalities are often people that highly strung. Highstrung and armchair psychology here. People that do drink and do we dont know why these people died just yet. This is person where ashley we all have personal lives. Doesnt necessarily have to be job related. When you do it on how much money these guys make, and if youre in the environment you are now, not makes as much money, wall street salaries, take out the top dogs. Ashley yeah. Main line wall street salaries, theyre not doing as well. Middle of the road salesman trader, which most people in wall street are. They dont make gazillions of dollars, most make in the area sound big to main street, 200 to 400,000 a year. Those salaries are stagnant and going down. That adds a layer of pressure. Giving you armchair psychology. I dont know why these gentlemen did what you did. That is essentially what is going on. I will say this again. This is what is kind of weird about this. Listen, this could be just random. Stuff happens randomly. Ashley yep. How was the universe createed . There was randomness to the big bang theory, right . This could be random this, is odd when it happens all at once. As a reporter when you see Something Like this you tell people about it. I cant give you the reasons why. They look, they appear to be, despite, this is all over the internet in terms of conspiracy theories. Ashley of course. There is lots of who knew who where and how they might for all intents and purposes theyre unrelated. Ashley yeah. They didnt know each other. Dont think so. Anyway. Not a happy story but, well continue to, the street is taking ashley banks are taking action. Yeah. Ashley charlie, thank you very much. Appreciate it. Sandra a wrinkle in comcasts 45 billion takeover of Time Warner Cable as google tries to expand its reach to 34 new cities. Ashley bringing up trade between the United States, rest of north america panned europe and asia. Peter barnes is up next with exclusive interview with u. S. Trade rep michael froman. Stick around. Ashley google making every efforts to grow google fiber. Kansas city was first to get google fiber followed by provo, utah, and austin, texas. Google is hoping to expand to 34 cities in nine metropolitan areas. Google invited cities to build the infrastructure and do all the legwork as head of google fiber acknowledges that is really big job. It is scheduled to run 100 times faster than regular broadband connections. On line retailer buying physics labs, Computer Graphics company that makes 3d models of clothing. Ebay is hoping to grow its share of online apparel purposes but not disclosed how much it paid for startup. Shares of ebay up a little more than 6 last year. Up a little more than half a percent today. Update on a story we brought you earlier this week. The department of Homeland Security scrapped its National License plate tracking plan. That plan, that would have helped immigration and Customs Enforcement agents has been taken off the table after privacy after advocates raised concerns. Sandra top trade negotiator is on the way to singapore for a new round of trade talks after returning from mexico with the president last night where the leaders of mexico and canada looked o expand trade in north america. Peter barnes is live from the whiie house with more on the exclusive interview with the busy ambassador. Thats right. Mike froman was in mexico yesterday with president obama where the president was trying to push this big transpacific trade agreement he is working on with 11 other country including mexico and canada for the last four years. And, they may be getting close. Mike froman headed to singapore tonight to, to try to see if they can make progress on the last few remaining eschews here. He said therr are two sets of issues that theyre trying to wrap up the talks on. Here is what he said. Issues like agriculture, access to japan, access to canada. Those remain critical outstanding issues. There are issues of the plans. Putting Stateowned Enterprises while at same time insuring access to medicines and a free internet. This is a pretty big deal. The United States exports about a trillion dollars worth of goods and services to the asiapacific region. More than half of exports with the administration. They would like to see the numbers go up because they mean more jobs. Sandra, ashley. Sandra thank you, peter barnes. Ashley the backlash after the antiunion vote in the volkswagen plant in tennessee. Sandra new threats from automaker labor chief ahead. Ashley stock alert for you. We want to get another look at these markets. The dow sitting right near session highs. Up triple digits. Up 115 points right now. All three major indices in the green while commodities like oil and gold continue to remain under pressure after heading upwards last several days. Now under pressure. Sandra oil tank hanging on triple digits. Volkswagen top labor representative is threatening to block expansion in the u. S. If the workers are not unionized. Rich edson with more from d. C. Rich . Good afternoon, sandra. German labor unions have much greater say in their companies than american counterparts. With the rejection of the Union Representation at the volkswagen plant, the head of the german vw union is threatening to Block Company expansion in the u. S. South. Telling a german publication, i cant imagine fairly well another vw factory in the United States, provided one more be set up, does not necessarily have to be assigned to the south again. If codetermination is not guaranteed in the first place, we workers will harding be able to vote in favor. In the runup to the vote, officials said volkswagen would likely build a new line in chattanooga if they rejected the auto workers plan to unionize the plant. Vw denies that. They are trying to get a foothold in the Auto Assembly plants in the south for some time. This was the best chance prompted by its german union allowed uaw to campaign in the factory and agreed to the fast track election. Despite vws accommodation, chattanooga workers rejecting organizing with the uaw by 712 to 626. As part of the agreement with volkswagen, the uaw will refrain from trying to organize that particular plant in chattanooga for another year. Back to you. Sandra rich, really interesting. What do you think theetimeline Going Forward is going to be . Obviously there is something new on volkswagen every day right now. What are we watching . Were expecting sometime in the next few weeks for volkswagen to announce whether they will expand the plant, suv assembly in the american south. Mexico is candidate for that. As for that election last week, there is still the possibility that the uaw can challenge those results, basically saying what had happened, was that there was undue influence from outside sources. Well watch on that as well. Ashley rich, thank you so much. Interesting because american south, nissan has a big plant in tennessee. They have been given massive tax breaks. There is no state income tax in ttose states. There is lot of advantages for know, automakers to go to the south. But as rich pointed out, those unions in germany, they are really, very influential in what the company does. Sandra absolutely. A bit different than what were seeing here. Ashley adam shapiro will take us through the next hour of fox business. Adam . Thats right, ashley. Were about two hours from. End of the trading day. Look at s p 500 at eight teen 39. Some analysts say if we break 1850, watch out well keep going up. But first, from russias war on racy western lingerie to detroits bond worries to the chinese investors with you get a loan and say to the book, good bi. We have you covered with the biggest storiis affecting your money today because even when they say its not it is always about money. Adam facebook is buying textmessaging Service Whatsapp for 19 million bucks. Jo ling kent is looking at way that investors like you can make money on the deal. Jo, first, facebook shares recovering from losses earlier in the session. I guess investors think it was a good purchase . A large majority are still saying buy or hold the stock. Only two, every core and pivotal actually downgraded it. They downgraded basically to a neutral. Were looking to a 19 billion deal, two billion with restrict the stock units to the staff of whatsapp. One millionnnew users every single day signing up for whatsapp. Ttis seems closely to be another push in the direction facebook said it is going in, mobile first. Looking for different ways to create stand alone apps so people dont feel like clicking on blue f and signing into facebook and seeing everything is in one place. Theyre really diversifying after paper which of course has been doing reltestifily well. It is