Skip to main content

tv   After the Bell  FOX Business  April 18, 2014 4:00pm-5:01pm EDT

4:00 pm
liz: david asman back from holiday. >> we got word of earthquake in alaska. there was an earthquake in mexico. seems to be happening all up and down the west coast. all the way from the north country down to the south countries. but it was 50 years ago today that the big earthquake, 9.2 on the richter scale, hit anchorage. something is going on. we've got a lot of headlines for you. let's start running you through all the ones we have. the obama administration again delaying its decision whether to proceed with the controversial keystone xl oil pipeline to allow more time, yes, more time for review. this means a decision may not come until after the midterm elections in november. oh, yes
4:01 pm
david: "wall street journal" saying selloff in big tech names like google badly hurt the hedge funds them in negative basis so far for the year. liz: time warner communications and comcast begun selling after assets worth $20 billion to charter communication, who was in the running of the for time warner cable to release tensions about the planned merger. david: calpine says the deal will enable it to focus on the wholesale power markets and better align its asset base. >> the labor department says more than 2/3 of states reporting job gains last month. this is good news and a new sign the labor market is improving. hiring increasing in 34 states, falling in 16. "after the bell" starts right now.
4:02 pm
david: of course the u.s. markets were closed today for the holiday weekend. but we are here, open for business, to help you get ahead for your portfolio. joining us tom karsten, karsten advisors, president and chief investment officer. he says weakness in the market will continue. brian frank, frank value fund portfolio manager, will tell investors how to navigate the minefield of high valuations. he has low evaluation stocks you may have not heard of. brian sossi. chief equity strategist. he is being advocated waiting 50% in cash right now. brian, 50% in cash! with inflation if you hold on to the cash very long you're losing money. >> call me brian the bear today. well you have that, earnings season is not living up to expectations. i think companies across many different sectors don't have the type of margin expansion or
4:03 pm
revenue growth you would expect to pay up because investors being asked to pay up owning stocks. i don't see the financial earnings results for many companies. liz: tom, you are bearish. it is not because of brian's reason, because of earnings. the market have a little expensive here? >> well i think so. it does tie into brian's comments about earnings. we've seen a market really expanded the multiple that people are paying for equities. but we're certainly, if a market that is not overvalued right now. certainly fully valued. it is more difficult to find value within it. yes, we're concerned about a little bit bearish i think we're due for correction. it has been quite a while since we've seen a 10% selloff. i think that is due. 50% is lot of cash. we're not that high. we're raising cash in our portfolio because we think there are stocks we like to own but valuations are too high. david: brian frank, even brother sossi is not willing to go 100% in cash. so there are stocks to buy. are there any cheap valuations out there?
4:04 pm
>> there are a few but not many. david: for example? >> for example, well, if we're looking for bear markets why don't we talk about the gold mine officers they were down 35 to 50% last year. that looks like a bear market to me. just because the market as a whole wasn't down that much doesn't mean you can't find these within it. liz: brian, while you're cautious and earnings can be a little dodgy, the fact there are opportunities, are there not. >> sure you could be a stock ninja here, liz, why not? let's have fun. mcdonald's, a name i'm very negative. they will report earnings this week and i think they're having big challenges with operations. beef inflation. big negative. also, secondarily best buy is name i think there is no reason why the consumer had to visit their stores in the first quarter with weather way it was. i think they're sitting on earnings warnings for the first quarter. yes in terms of opportunity to go long -- liz: you're saying short certain names because of an ugly first quarter? >> absolutely. if company needs a big catalyst.
4:05 pm
best buy does not have that catalyst. on the positive side, look at dicks sporting goods. from our sources when weather good this store has been out in droves. lululemon sales is decelerating. dicks sporting goods is winning as a result. david: tom, not all big name stocks have done well over the past 12 months and apple is one of them. >> sure. david: apple came down from the 700 stock highs down to about a 500 level and sort of maintained there. do you have any reason to think it will break out of the current level? >> well you know, apple is one of our companies that we look at, we see it as a long-term market ow performer because of the quality of the company, the way it's run. i do, i think that things tend to go in cycles. we're looking at a lot of bigger tech names, more momentum driven, growth driven taken a hit in the last month or two. we're focusing on companies that have more sustainable. >> that maymaybe have a struggle with their stock price like apple because of concerns about their earnings growth. david: hold on a second.
4:06 pm
with apple, there is another concern with apple, specific concern, that they haven't come out with a new breakthrough product in a long time. >> right. david: something that really changes the game, like an ipod or an ipad or whatever. do you suspect they're about to come out with somebody. >> i believe they are. to your point, david, it has been a while. i think there is a lot of concern where that growth is going to come from, lacking any big product innovation. i think they have been quiet for quite a long time. they're traditionally tight-lipped company when it comes to new product launches. they follow a pretty predictable cycle with every six months some new product coming out and i think in the event you own a the stock, you're getting in it now at an attractive valuation where in my mind it is hard to get hurt. i think with some patience with, that position, you will get highly rewarded when they do on without with that product that does more innovative, more attractive to consumers. liz: brian, frank, where do you find opportunities for awards
4:07 pm
with investors? you picked three names. i wouldn't describe them as momentum but superhot cult names but you say they're superhot opportunities here. why? >> that is where investors are not playing that is the only way you go for good valuation. one is gold corp, a gold miner and news corp which is spin-off. we often find value in spin-offs because the etfs are not there yet, passive investors are not there yet. they can be complicated and they have changing shareholders bases. it is only place left for good valuation. we're 25% cash in the frank value fund as well. i'm finding some, not all. the ones i do find i do like. david: brian sossi, what will you do with the 50% cash? eventually, are you waiting for a huge market crash? are you waiting to find some kind of corporate bond to put it in or what? >> i'm looking for the market to give me better trades.
4:08 pm
one name i'm positive on believe it or not is jcpenney. david: jcpenney? based on real estate or what? >> for them the consumer seems to be coming back when the weather has been pretty good. believe me it pains me to say something like that. by same token you put more money behind names you have no confidence in, sears holding company, which rose 15% more of its stock which i think is absurd. liz: absurd. mcdonald's widely-held. i want to go back to that, brian. is that something you need to watch as a problem stock at the moment because of earnings this coming week? >> you better believe it, liz. when this company reports they will have significant negative comments specifically around beef inflation. their operations are struggling significantly. they have mcdonald's syndrome, putting so many new menu items it is slowing wait time. liz: you would short it? you would go far to short isn't. >> only reason this stock is off because institutions go into value based names. in my opinion you go out and get
4:09 pm
crushed if you my mcdonald's here. there is no sense getting in. david: thank you, tom karsten, brian frank, brian soessy. the two brians thank you very much. liz: the crisis in ukraine shows no sign of ending even though yesterday we had a deal in geneva apparently would diffuse the conflict. is this diplomatic agreement already falling apart? david: it seems to be. fox news's leland vittert is live in the ukraine with the very latest. leland, even the president wasn't talking up this deal that much yesterday. >> reporter: exact live. a lot of skepticism from president obama. that is playing out to be well-placed today. we are in the far eastern part of ukraine where the russian separatist have taken over the russian parliament building. we visited there to meet with the leader of that movement there. right now despite this deal they are doubling down on their demand. the men guarding this building say they are willing to give their lives rather than hand over control to ukrainian government once again and trying to retake the main parliament
4:10 pm
building here in the eastern part of the country would be one heck after fight. not only with these fellows. they have lined the entrance with barbed-wire, razor wire, multiple layers of barricades here. they say they're not going back until they have a chance at their own republic. and one of the things that these folks talked about doing, if they do get a referendum here in eastern ukraine is possibly creating their own country. maybe joining the russian federation. obviously russia is the big player here. they have an enormous military presence along the ukrainian border. president putin for his part said he is willing to use force here in ukraine if it is necessary. use military force. a lot of folks here will tell you that they believe the russian intelligence services are behind a lot of these pro-russian separatist groups, controlling them or certainly providing support one way or another. the ukrainian government is walking a tightrope of the they do not want to give over eastern ukraine, a lot of valuable
4:11 pm
resources which include coal here in eastern ukraine. they're willing to put forth some reforms to pry to placate these pro-russian separatists. at the same time they do not want to go ahead and send in the military to try to retake these buildings by force and put down a lot of these separatist it groups. they believe that will give russia a pretext to come in and invade and retake eastern ukraine by force. back to you in new york. liz: come to us if you get any news. leland vittert, live in ukraine. david: there are some news alerts we get here about downsizing. very often a company's stock will rise on that news. it is nice to report when that company is expanding. one of those companies, not only is the stock expanding but also they are expanding. microsoft just announced they will have a total investment in an iowa community of $2 billion. this is new investment in west des moines, iowa. if you're looking for a job and you have the qualifications you might want to think of moving to iowa because they will have 80
4:12 pm
new jobs. a $2 billion investment. a lot of incentives put forth by the governor of iowa and the community of west des moines as well. microsoft will begin construction shortly. maybe within the next month or two, in west des moines, iowa. this is $2 billion investment. again, '80 new jobs. that is good news. >> improving roads, water, sewer, all around that area. david: it helps all around this is real job growth, job creation. it has been a dismal few weeks for ipo stocks like "candy crush" game-maker king. maybe it is a good time to go bar gun hunting in the wreckage. we'll bring you the names of four stocks that have been beaten down that might be worth a second look. liz: it could be a lifesaver for countries like the philippines that got devastated by many natural disasters. next we talk to the ceo of a rapidly growing company that makes portable power equipment that can be used immediately in disaster zones. sales, they're hot.
4:13 pm
increasing nearly 17,000% in just three years. david: wow. and as japan gets rocked by a new earthquake, many are asking how can we prevent another fukushima-type meltdown at a nuclear plant? some scientists at mit have come up with a very unique potential answer. you want to stay tuned for this. the answer is coming up. ♪ ♪ i know a thing about an ira ♪ and i got the tools ♪ to do it my way ♪ i got a lock on equities ♪ that's why i'm type e ♪ ♪ that's why i'm tyyyyype eeeee, ♪ ♪ i can do it all from my mobile phone ♪ ♪ that's why i'm tyyyyype eeeee, ♪
4:14 pm
♪ if i need some help i'm not alone ♪ ♪ we're all tyyyyype eeeee, ♪ ♪ we've got a place that we call home ♪ ♪ we're all type e ♪ why relocating manufacturingpany to upstate new york? i tell people it's for the climate. the conditions in new york state are great for business. new york is ranked #2 in the nation for new private sector job creation. and now it's even better because they've introduced
4:15 pm
startup new york - dozens of tax-free zones where businesses pay no taxes for ten years. you'll get a warm welcome in the new new york. see if your business qualifies at startupny.com david: the ipo market appears to have lost some of its shine after major correction in high-priced biotech an internet stocks this month. liz: despite a recent drop there
4:16 pm
is always opportunity out there, right? we have someone looking at silver lining of this it doesn't look like the repeat of the dot-com bust. so he has scoured all of the ipos and four stocks he likes he says you can buy after the drop settles down and plateaus or bottoms i guess. joining us now, tom tolley, ipo playbook editor. tom, i mean, the ipos started to look scary, haven't they? especially since we saw tech and social media drop. yet you looking at some of these and said there is city opportunity. how do you find those gems? liz: i've been -- >> i've been following the market a long time. i been on the show several times and always mentioned if you wait long enough you can usually get good prices on ipos and i think that day has come. usually can't get it at offering price that goes to the big investors because the stock skyrockets on first day. a lot of companies, at least four i named, came back to the offering price or below their
4:17 pm
offering prices. david: this is overall chart of the ipos, the etf that tracks them but i want to talk specifically and just simplest ipo we could talk about because some deal with cloud computing, et cetera, which is above my pay grade. care.com. it is a family care center. they deal with child care and senior care, two very booming subjects. most people have to invest in them one way or the other. this is a site that helps you guide your way through those options. its ipo, the range of its stock has gone from $10 up to $30. it is now trading at $12. looks like a heck of a bargain. does it have a future? >> absolutely, and what i like about it is a marketplace. you look at ebay, that has been around for 18 years. up with of the recent ipos and marketplaces is home away. one a market has critical mass it is hard to unseat then. it become as name and category.
4:18 pm
that's where you want to go. you want a trusted source finding care for your loved one. we're talking about a market of 42 million people. it's a fast-growing market and people don't want to go to a home for the most part. they would rather be taken care of at their home. this is a great service. and the company has close to 10 million members already. so it's a leader. liz: it is big in the nanny word, looking for baby sitters, things like that. we like to mention 10% of the float is shorted. there are some sharks circling, short sharks circling around this. you interestingly enough picked king digital, parent company of "candy crush" which surprised to the downside on its first day of trade t just plummeted. where is the opportunity. >> it just went down. the opportunity here is at nine times earnings. not a lot of other ipos there are earnings here and a lot of earnings. substantially profitable company and if you look at electronic arts and look at activision,
4:19 pm
those are 15, 20 times earnings. this company is selling huge discount to normal gaming company is. game something going to mobile. it is not on console. it is mobile. that is where the money is being made. king is the king when it comes to mobile gaming. "candy crush" but they have pet rescue. they have variety of other games. then they just, this week, signed a deal with 10-cent which operates we chat, which is biggest social property in china. they will start promoting it in china. so i think this company has a good year or two left of strong momentum and growth in earnings. david: let's talk about another stock that has been crushed and that is viva systems this is the cloud computing one i was talking about before. they provide software for pharmaceuticals, guide them through the regulatory process. that is hello after important thing if you're a pharmaceutical company. the stock came from $49, down to
4:20 pm
$22 now. what's the problem with this company overyear period? and what does it have looking in its favor? >> not a problem with the company. maybe a problem with the stock, that it went too far. off in a very short period of time. which is the case for at love ipos. we had mania and it went away. now the great companies are starting to emerge and viva, this is a company that actual has been profitable from day one. it only raised eight million dollars in venture capital. not like vox which raised 400 million. it has customers like eli lilly, merck, gilead, these are companies that are not going away anytime soon. once they enbed the software in their systems they can't live without it. you don't buy software for a year or two. you keep it for a long time. you get embedded in the ecosystems the cloud is the way to go when it comes to storing data. liz: there is switch out factor. too much after pain to switch away from it to something else
4:21 pm
that is an advantage. tom, thank you. david: tom taulli, investor place, thank you. liz: one of the pioneers in the electric car market rolling out a new plan to raise sales. will it be able to fend off new got terse in what appears to be a rapidly growing business? we'll find out in a moment. david: the obama administration making a big announcement today on the controversial keystone xl pipeline. on a holiday, really? on a day when many americans enjoying a long weekend. why would they do it today? rich edson has all the answers and the incredible blowback on this decision coming right up. my dad has aor afib.brillation, he has the most common kind... ...it's not caused by a heart valve problem. dad, it says your afib puts you at 5 times greater risk of a stroke. that's why i take my warfarin every day. but it looks like maybe we should ask your doctor about pradaxa.
4:22 pm
in a clinical trial, pradaxa® (dabigatran etexilate mesylate)... ...was proven superior to warfarin at reducing the risk of stroke. and unlike warfarin, with no regular blood tests or dietary restrictions. hey thanks for calling my doctor. sure. pradaxa is not for people with artificial heart valves. don't 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. don't take pradaxa if you have 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 you're 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 rning. 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.
4:23 pm
[ cellphones 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. [ male announcer ] 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 ] it's how edward jones makes sense of investing. ♪
4:24 pm
david: it's time for a quick speed read of some of the day's other headlines, five stories in a minute. first up, venture capital funding for u.s. startups soared
4:25 pm
5% in just the first quarter of the year to the highest level since 2001. startup investments totaled $9.5 billion in the first three months of the year up from $6 billion a year ago. chobani expanding they will offer a oats, a dessert and chobani indulgence and new flavors for kids. nissan offering free charging for 2014 leaf car owners. the automaker will give an all-access easy charge card will give owners two years of free public charging. microsoft sold more than 5.1 million xbox one gaming consoles to retailers. rival console maker sony sold 7 million playstation 4 consoles. facebook will use your gps location to notify facebook friend when you are in the same area. [buzzer] probably not everybody will like that.
4:26 pm
that is in today's "speed read," liz. liz: anonymity. david: i like anonymity. liz: the obama administration delaying the keystone pipeline decision again. this news broke today. the administration saying it is extending the review process in order to determine how the pending lawsuit in nebraska could affect the route. david: rich edson joining us now with details. rich, timing is everything. announcing this on good friday, a long holiday weekend. no accident. >> yet another in a series of document dumps and information dumps come on friday or holiday weekend this is halfway between the time when the administration said it would come out with this decision in 90-day review process started in the early part of march. what the state departmentsy sag that the court could change the ruling, could change the route on this. so they want to see if the route will change and the state department also saying that they reserve the right to conduct another environmental review if the route does change. two reactions coming out of congress. read to you very quickly.
4:27 pm
senator heidi heitkamp saying this is absolutely ridiculous. senator mary landrieu, chair of energy and natural resources committee calls it irresponsible. >> two democrats by the way. >> two democrats. state department changing this now. this very likely put this is beyond the 2014 midterm elections. liz: there was question in the state of nebraska and the nebraska governor who is a republican has said he was concerned initially. where does that all stand? when you say the nebraska lawsuit? >> right, the nebraska lawsuit looking to potentially change the route. the governor had come out. now this is caught up in the courts. this is going, the first time they changed the rout through nebraska had to do with environmentally sensitive areas. they thought they had rerouted it. there were landowner problems here. so the state department says that makes their case that they have to hold and see if there is another court decision to move this route. david: have the canadians chimed in at all? >> they have been very respectful of the u.s.'s, of the u.s.'s process here. they are our friends. they don't want to say anything
4:28 pm
to anger us. they do want to get this built. they pointed out, some in the company, this oil continues to move to the united states through rail which is not as safe. there have been problems with moving it through on rail. david: the patience of jobe on this biblical weekend. that is the what the canadians have. they put up with a lot. liz: thank you, rich, very much. david: with the farmers almanac predicting awful weather later this summer, uncanny how they're right, portable alternative power source may come in handy. we have one. nation's fastest growing company that makes portable devices that can charge just about anything. >> i want that. following a magnitude 4.7 earthquake in japan this morning. another one in, of course we're looking at alaska too, japanese concerns about the safety of nuclear power plants has come up again. but scientists may have devised a plan to avoid another fukushima disaster, that rocked japan three years ago.
4:29 pm
we'll tell you specifically what that plan is, you're looking at some of it right now. stay tuned. stay tuned. ♪ all stations come over to mission a for a final go.
4:30 pm
this is for real this time. step seven point two one two. verify and lock. command is locked. five seconds. three, two, one.
4:31 pm
standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers.
4:32 pm
. liz: not one but two earthquakes today. we need to tell you about the one that is more recent. one in northwest alaska. a 5.5-magnitude earthquake
4:33 pm
striking near alaska's red dog zinc line, the largest producer of zinc concentrate. 5.5-magnitude earthquake. also a magnitude 4.7 earthquake hit in the east coast of japan earlier this morning including the tokyo area. no immediate reports of major damage or casualties. no tsunamis but, of course, it was a very different story just over three years ago when a gigantic tsunami struck the japanese coast. we all remember this. killing nearly 16,000 people. the quake that started it more than 40 miles offshore. it was the fifth biggest earthquake ever on record. the disaster led to a meltdown at fukushima nuclear power plant on the japanese coast and the release of radiation into the atmosphere. now scientists at m.i.t. have come up with a floating nuclear power plant that will be able
4:34 pm
to resist the effects of earthquakes and tsunamis by being located several miles offshore. m.i.t. says the design is modeled on drilling rigs. scientists say floating plants could automatically be cooled by the surrounding sea water in a disaster which would prevent melting or fuel rods or escape of radio activity. m.i.t. says the plants could generate as much power as the biggest nuclear facilities currently in operation, floating nuclear power plants. >> from surviving natural disasters. one company is making it easier to have access to portable solar power. a full range of solar energy systems designed from power devices from cell phones to refrigerators. sales growth of almost 17,000%. joining us now gold zero ceo joel atkin. thanks for coming in. we were talking about the earthquake in japan, and i know
4:35 pm
you guys were involved in providing some energy for the folks around fukushima and elsewhere in japan, after that disaster, right? >> that's right. we started really in africa, doing portable -- really backup power systems for homes, but turns out in emergencies like the one they just had in japan and we also were involved in haiti, the primary power in africa becomes a nice secondary power in the developed countries. david: and right here too, hurricane sandy in 2012, haiti 2010, japan 2011, but sandy here in the u.s. in 2012, were solar devices of any use after that? >> absolutely. because the sun was shining after sandy, but people didn't have a way to connect to power. so you probably saw that with your neighbors out there, they'd be in the driveway powering car so they could charge their cell phone and waiting in three to four hour lines, it was crazy.
4:36 pm
we sent ten guys and gals with $600,000 of product that we gave out to people because solar was such a need at that time. >> beside helping people and thank you for doing, that i know people were affected by that and appreciated your goods. what do you learn from that? do you learn from the disasters that you help out with that help you with product development? >> absolutely. one of the first things we learned from sandy in particular was that gas can become a shortage, which really hasn't occurred to us, seems like gas is everywhere, and so we have gasless power generators now where you can solar charge these different generators that charge everything from cell phones to tablets to lighting, even refrigerators and not only do they not use gas, but they don't make noise, they don't make fumes. david: let me emphasize your point, the gas stations had enough fuel stored, it's just that the generators weren't
4:37 pm
working and because of that they couldn't retrieve the gas that they had, if they had one of your solar generators, they might have been able to do it? >> exactly. i was talking to a friend of mine who -- not only is it hard to get the gas, but you know, you have to wait four hours to get it. with one of our solar panels that can fit in your backpack, less than a pound, you could charge your iphone almost as fast as a wall plug. david: you had this extraordinary jump in profit, 17,000%. huge jump. i imagine more, that's less to do with emergencies and more to do with backpackers and hunters and things like that, correct? >> yeah, the emergencies are blips in the radar, but people are more emergency minded. you were just talking about japan and when we first looked at japan in 2010, people said we don't need this. after the earthquakes and tsunamis and stuff, our sales have been really, really strong there for three years, so it's
4:38 pm
a combination of outdoor and emergency. david: just a technical point, you can go directly from one of your solar panels to 110-volt sdmurnt. >> not to 110. you can go to usb to charge your iphone off it directly. to go 110, you need to go to battery and use an inverter that has a three-pronged plug. david: you still need the battery as the medium, that leads me to ask about new batteries. elon musk is going to be building his own batteries for the teslas, are you working with him, or do you think we're going to have major advances in the coming months and years in battery redevelopment? >> there's a lot of money spent on battery development. it's the achilles' heel of power. batteries are very difficult, and so we are working with several different manufacturers. gold zero is going to be an
4:39 pm
innovator. once we have proven technology we'll come up with the best innovation to apply it to your life. the same way we took solar panels off of rooftops and into the backpacks. david: joel, one thing we ask a lot of business owners particularly in new fields like yours is whether you are hiring now. we are way behind on job creation in the united states. are you hiring? if so, what kind of job applicant are you looking are? >> you can go to gold zero.com/jobs, that has a list. we have half a dozen jobs that are active right now. we're building up our sales team right now, and we've gone from five or so employees a few years ago to 120 today, so in a growing business, you have to grow people. so we're always hiring, it seems like, and if someone is interested, check us out. david: by the way, if you missed that address that internet address, we'll put it up on our website, producers you heard the address, it may be a couple of minutes before
4:40 pm
we get it on there. you can go to our own website and we'll put it on there. joel atkin, goal zero ceo. fascinating stuff, appreciate it. liz: the dating service eharmony has a brand-new plan not only to find you the perfect soul mate but approach that perfect soul mate in a very low key classy way, and get into the job market? we have eharmony's founder and ceo on how it works. david: i've seen his commercials. and you have a chance to own your own tropical island, but as you might expect, six seclude beaches, paradise, they come with a hefty price, not as much as you might think. cheryl casone will tell us about a very special property.
4:41 pm
up. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improvg everything from booking to baggage claim. we're raising the bar on flying and tomorrow we will up it yet again.
4:42 pm
4:43 pm
[ girl ] my mom, she makes underwater fans that are powered by the moon. ♪ she can print amazing things, right from her computer. [ whirring ] [ train whistle blows ] she makes trains that are friends with trees. ♪ my mom works at ge. ♪
4:44 pm
. liz: maybe you're not just looking for marriage, but also a new job? guess what? eharmony, the popular online dating website is changing up business model to help arrange all kinds of relationships. joining us neil clark warren, the eharmony founder and ceo. become, doctor, great to have you on the program. >> honor to be on. liz: the honor is with us.
4:45 pm
you are back at the helm of the company you co-founded. i have better ideas, i don't want to lose anybody on the site. let's get going. i want to pick it apart, first to what you're now offering for paying clientele is not so inexpensive here. $5,000 for a new service, tell us what anyone paying that much will get. >> well, first of all, there are people who want personal help with getting this done. this is not an easy thing to get on a website and find the right person for you that out all the ones that we say are pretty well matched for you. we're going to have a personal matchmaker for each person. we call this eh plus, eharmony plus, you get all the extra service. and these people are really being successful on the brand new service we've started. liz: you've targeted a higher end demo. you did research and found people who make $250,000 or more a are busy, but need a
4:46 pm
little help. they need a personal counselor to sift through the metadata thrown at them on the site. not only do they do, that the personal counselor approaches quietly the people feel might be a good match, is that correct? >> exactly right. thank you for explaining that so well. you see most people would like to have some personal help with it, they need some personal help, they are very busy people at this level who are so successful, are very busy, and they need to have somebody else do all the work, really, and so we think turn off your computers, let us do all the work, and we'll make those initial contacts. you will never receive a rejection letter in the mail or rejection on the telephone because we'll set it all up ahead of time. liz: that's good, we don't like rejection, that doesn't feel so good especially when it comes to love. you got the love doctors, transformations can be long and messy, how many clients?
4:47 pm
what are your numbers so far for paying people? >> we're not putting that number out. let me tell you this, we started january 1st, and we've had an unprecedented response to it and, of course we have 762,000 independent subscribers, people who are up to date with us. and we can choose the very best person out of all those for that individual who wants the personal help. we talked to them before we matched them with somebody, we talk to them after they have a match, and we get them at least one match a month, and we think that virtually all these people are going to be successful over the course of a year. liz: dr. warren, not only are you matching people with love but trying to match them with the right job as well. i find it interesting you are expanding the horizons here, and how are you doing this? getting into the linkedin business, i guess with a twist. >> that's so great of you to note that.
4:48 pm
let me tell you that, we've known for a long time that it's hard to make any marriage work, if the person is unhappy with a job they have. we think we know how to put people with the job that they will really be satisfied with, 65-75% of the people in america are not really happy with the job they currently have. they can be if they get matched on both a cultural basis with the company they work for and on an individual personality basis with the person to whom they report, and so we feel like all these different services are going to work well together. we currently have surveyed over 10,000 people very intimately. eventually we'll serve an over 200,000 people. this service for jobs will become live the last quarter of this year, and we're so excited.
4:49 pm
so excited. liz: we'll have you back and we'll see how it's doing, dr. warren, thank you so much. >> thank you very much for having me on. liz: dr. neil clark warren, couldn't you talk to him for a while. david: breaking news on this very busy day, despite the fact the markets are closed. we had the announcement earlier in the day from the administration they were going to restudy the thing about the keystone xl pipeline, that they were not ready to approve it yet. once again a delay this time that would carry through to the elections. people were noticing, despite the fact it's a holiday weekend. the national association of manufacturers' president and ceo jay timmons said manufacturers and workers are absolutely astounded by the delay of the keystone xl pipeline, it is unwarranted and unnecessary, there was nothing left to study since the last review by the obama administration, that one is complete and supports approval. so again, the national
4:50 pm
association of manufacturers none pleased by the decision by the obama administration to delay again the decision on the keystone pipeline. liz: lots of breaking news on that today. ever wanted to own your own tropical paradise, complete with air strip, secluded beaches. miles of beautiful nature trail, could be yours for a hefty price. we will tell you how you can own it, aim high, next. david: smartphones on wheels. we're going to find out what happened when apple teamed up with one of the best known automakers. stay with us. [ 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... [ shirle] he's right here. hold on one sec. [ malennouncer ] ...you'd expect us to have
4:51 pm
a highly skilled call center. kevin, neill holley's on line one. ok, great. [ male announcer ] and we do. it's how edward jones makes sense of investing. ♪ ♪ [ male announcer ] help brazil reduce its overall reliance on foreign imports with the launch of theountry's largest petrochemical operation.
4:52 pm
♪ when emerson takes up the challenge, "it's never been done before" simply becomes consider it solved. emerson. ♪
4:53 pm
4:54 pm
. liz: ever dream of having your own island? concierge auctions along with sotheby's is going to auction off the bahamas sprawling innocence island in new york next month. complete with six secluded beaches and has a private air strip. david: bidding starts, 10 million dollars, which actually, cheryl casone is not as much as i thought it was going to be. >> it's going to go up a lot higher. that's the entry level to get into the auction, both of you pooled 5 million each, you could do it. this is innocence town, the largest private residence island in the bahamas.
4:55 pm
it's beautiful down there. they filmed "pirates of the caribbean" off the shores. a 10 million dollar reserve for the bid. six bed, six bath. 5,000 square feet. 681 acres on the island. here's the selling point, it has an air strip. you can get your jet on there, a small jet, not a large jet, but a small one. johnny depp was interested in buying the island, it wasn't up for sale. here's why the seller is so motivated. he's got a rare form of cancer and wants to sell the island before he passes away. also owning property in the bahamas, the listing agent told us there is no income tax, no cap gains, no inheritance tax, every ammenity. that appeals to multiuber billionaire type of person. this is the ultimate proposition, it will go to a
4:56 pm
celebrity? one of the ceos we read about? i don't know. this is going to be auctioned off. david: if you buy it, you would be subject to the laws of the bahamas. you wouldn't be a law unto yourself. >> if you buy an island, have you an island. liz: i will say this, also, the developer could buy this. you could build a hotel. you could have to go through the bahamian government, you could build ten cottages. if you build together with your friends can you tear down what's there now. >> sold! great idea. liz: thank you, cheryl, very much. cheryl casone. david: marlon brando had one of those. apple teaming up with top automaker to show off the next generation of connected cars, could the next car be a smartphone on wheels? we've got the story coming up. copd includes emphysema and chronic bronchitis. spiriva is a once-daily inhaled copd maintenance treatment
4:57 pm
that helps open my obstructed airways for a full 24 hours. spiriva helps me breathe easier. spiriva handihaler tiotropium bromide inhalation powder does not replace fast-acting inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. these may worsen with spiriva. discuss all medicines you take, even eye drops. stop taking spiriva and seek immediate medical help if your breathing suddenly worsens, your throat or tongue swells, 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? don't wait to ask your doctor about spiriva.
4:58 pm
. david: it's time to go off the desk. apple may be making its way into your new car, the tech giant partnering with
4:59 pm
automakers to develop a touch screen dashboard interface called car play. made debut at the new york auto shore, it's going to be available apparently, mercedes-benz and hyundai cars. car play runs on software designed specifically for car use with quick access to navigation, phone calls, and text messages, see if it's legal. liz: i'm getting a mercedes now. there's the reason. it's not spiderman and not a power ranger, this is a hot new spandex body suit trending in japan similar to the root suit here in america, haven't heard of that, founded by 52 businesses, it is specifically made from the spandex nylon blend that covers entire body, even your head. while everybody has the reason
5:00 pm
to wear the colorful suits, a lot of people are trying to hidoid. david: not surprising it's in japan. next week apple and facebook reporting earnings, very busy week. liz: have a lovely weekend, "the willis report" is next. gerri: i'm gerri willis, right now on "the willis report." it's the wave of the future, robot nurses, to skies filled with drones. what do we think of this new technology? we'll have the results of a new survey. also happy birthday to the ford mustang. i'll check out the car that spent 50 years burning up the american highways. >> look at that. gerri: grab your resume, tips on honing that critical job search tool. we're watching out for you tonight on "the willis report." well, is technology a force for good or bad in our society? it's a question we keep asking ourselves as the

66 Views

info Stream Only

Uploaded by TV Archive on