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tv   After the Bell  FOX Business  April 2, 2015 4:00pm-5:01pm EDT

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waterfront for 280 million-dollar deal. david: don't forget about sprint. [closing bell ringing]. wow, a quite a crowd in there. everybody is pretty happy to go on a long break, liz. liz: autism speaks, run by the great team over there. david: wonderful group of people. >> congratulations. david: look how markets end the day. the dow is up pretty much again where it was before we got word of the deal which is pretty much what happened to oil. again there was initial excitement about the whole thing, once people looked at details. realize we won't get a lot of details until june, the market came back pretty much to where it was before. all intoday are in the green. that is good news. tomorrow we get jobs report on march. a lot of expectations good and bad about that people had to see in their mind's eye what might happen to the jobs report because the markets are closed tomorrow. liz: watch for the wage grains. -- gains. that what is people are looking for now. "after the bell" starts right now. don't move.
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david: let's get right to today's action. we have mary ann mon taken, gradient investment. breaking down where she sees a bright spot in the market. jason o'donnell, blue stone financial institution fund. one sector he says will see double-digit returns this year. you want to pay attention to that. dan stesich from the cme. dan, i talked about the job figures tomorrow, will those figures kill off uncertainty, wild swings we've seen in this market? >> i don't think entirely. if we have a good number, it will help bring that down some. we'll want to look at economic numbers. first quarter looks like it was influenced by weather just like we saw the first quarter last year. but if continue into second you will see more volatility. employment should be good tomorrow. all indications it will be but we'll have to wait and see. liz: let me stay with you for a
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second, dan. hard to position when the markets are closed tomorrow ahead of that number but if it is, expectation to see gains of about 245,000, unemployment at 5.5%, maybe a teeny bit of wage growth here. is there anything that a trader or investor can do right now, market's closed to position for that? >> you know there really isn't and i think the market showed you what they're doing today. looks like they feel comfortable with what they have and they're hoping for a decent number. as you say, there is really nothing you can do. you look to the treasurys maybe. hedgingis if that numbers comes out and doesn't come your way. reality is you will have to wait until monday. david: marianne, talk about the fed. the market is juiced what the fed has to say to what they could possibly produced is the market more interested in strong growth which may be showing itself in jobs numbers tomorrow or weak growth which would keep the fed from raising rates? >> well i think the jobs numbers, if they were positive, would be positive for the
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market. david: well, that's good. >> to me higher interest rates just means that we have a faster-growing economy and that leads to stronger earnings growth and that is what drives stock prices. david: you said to you. i want to know about the markets. will they perceive it same way you do? >> eventually they will come around to my way of thinking. >> there is a sector, david, that actually hasn't participated in what many belie a very strong, i'm talking six-month bull market, not six year. jason financials. now suddenly people are talking about the financials, saying, get in on the banks at the moment. you tell us why, which names you like in that space. >> sure. there are a couple of key reasons why folks are so excited. first is obviously interest rates. small and mid-cap bank space is highly levered to increase in bank rates. second is bank on bank acquisition activity. it is up twofold the last couple years that means good things for valuations.
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we're excited about some of those pieces. some of the banks we pay attention to we like a great deal that we own, bank of the ozarks, is phenomenal franchise is run by one of the best ceos in the country, george gleason. they have a great capacity to participate in the whole m&a market. we like customers bancorp, run by the former sovereign ceo. they have a very differentiated strategy. they have a bank mobile unit growing rapidly. they have a commercial real estate seeing ibis that is growing very rapidly. they're more of an organic growth story and doing things very differently growing tan their competitors. david: i can't tell you last time i heard about bank of the ozarks on this show. you don't hear about that stock very often but you like ford, why? >> we think stronger consumer spending on stronger jobs number. david: stronger dollar, by the way. >> stronger dollar. well, that might hurt them temporarily as maybe toyota takes some share.
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but, looking down the road, six to nine months, we, you know, they have outperformed recently. but we think that there is pent-up demand. the aging car, you know, situation. driving demand and, that, i, they will be clear beneficiaries of a stronger, consumer spending on big-ticket items. liz: not one but two. usually people pick ford or gm. you're picking both. let me go back to dan. as we head into the next week of april, next week, people talk about forget sell in may and go away, traders say sell in april and go away. do traders think that is a mistake? >> anytime you use those things as device to trigger your trading that is absolutely wrong. you have to sell when you feel the time is right based on economic fundamentals not because of a month, day or any other type of figure out there. >> or dan, based on profits. based on whether you made enough money, not just based on economic fundamentals, right?
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>> i see what you're saying there. what is to say profits can't continue. as marianne said earlier if the fed starts to tighten that should be good which is more corporate profitability which will be good in the long run. here is what you have to do. look at stocks you have and if any run extraordinarily high, consider taking profits on it because you never lose money taking profits. david: jason, if interest rates go up, i know you liked banks, you mentioned banks of ozarks, some people say higher interest are more make on loans. other people say it could hurt some of their trades. >> sure i would comment, quarter positive levels, non-cd deposits are at historic high levels. so the banks that we follow are, that we own are extremely well-positioned to benefit from a rise in interest rates because the rates that they pay on deposits are likely to lag asset rates they're getting. we think that will be a big positive for them and valuations. david: all right, gang, thank
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you very much. marianne, jason, dan stesich, good to see you all, thanks. liz? liz: breaking news, president obama hailing the framework reached just hours ago on iran's nuclear program, as quote, a good deal. the united states, iran and five other countries will now hammer out the details of a final deal ahead of the next deadline on your screen in bold numbers here, june 30th. speaking just over an hour ago from the rose garden president obama said both sides accomplished what they set out to do. >> this framework would cut off every pathway that iran could take to develop a nuclear weapon. iran will face strict limitations on its program, and iran has also agreed to the most robust and intrusive inspections and transparency regime ever negotiated for any nuclear program in history. liz: let's first show you reaction. oil prices, tumbling, again today, on iran developments. then fighting back at the end of
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the session, still with a slight loss. let's find out if all of that is perceived to be true by some other sides of this. joining us now with more, former energy secretary spencer abraham. great to have you, secretary abraham. you heard what the president said. you heard what john kerry said. let me quote some of those. stockpiles will be newt alizeed, under this deal iran will not be able to stockpile. there will be eyes on the ground, boots on the ground when it comes to inspectors. how do you feel about what you see as a framework of a deal? >> well, obviously the sounds positive. i think the devil is always in the details. we have to see how iran will react when they get down to writing this agreement and i think that will be critical. i was involved when the iran nuclear program was first being stood up back in the early 2000s. a lot of the commitments made then were then later changed and so we have to obviously take our time with this. i was pleased that the president
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indicated hat they are, there was an interest and a desire to go to congress with this. it remains to be seen whether he will abide by a vote of congress, or if he merely intends to consult. i think that will be a critical step in terms of the degree to which this agreement, if it develops, gets scrutinized properly and fully. liz: let me pick your brain then because you have been involved in the past when this was in the early stages years and years ago. one of the parts of the deal caught my eye, iran would have to agree to reduce number of centrifuges which spin around and help purify the uranium into bomb-making uranium, from 10,000 to 6,000. is that a meaningful reduction? >> well, you know it is a reduction, if it happens that is a positive direction. but, you know, of course, again the details of the treatment have to be worked out. one of the things we learned in all too difficult way is that
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sometimes the inspections that one side thinks have been agreed to, are not the inspections that ultimately the other side thinks are agreed to. so i think a lot will turn on that. but, obviously you know, we're in the early stages of understanding this. we don't have enough information to conclude just how far it is going to go. any meaningful reduction is a positive step but again that's what we can identify and see on the surface. as we learned before sometimes with iran things are going on below the surface that we don't learn about. liz: exactly, they have hidden things deep below. hens the bunker-busting bombs back a couple years ago the generals were talking about might be necessary. the ayatollah alley can mauney, he has to, can maney. he was comfortable with certain things. do you believe that? they want to have bomb-making
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capability, don't they? >> they want two things. they want the ability to engage in commercial and in particular the exporting of their oil to re, to strengthen their economy. they want that, but they also obviously want to have as much capability in terms of their nuclear program as possible. to some extent we'll have to see in the next three months whether they're holding back in terms of the willing to agree to. i have concerns. hopefully when the president goes to congress he will let congress fully vet this and vote on this. if he does, if congress supports him, then i think it will have gone through the process you need to feel comfortable. liz: secretary, thank you so much. former secretary of energy, spencer abraham. >> thank you. liz: this is just breaking. i don't know if spencer abraham wants to quickly listen to this, speaker of the house john boehner is now saying any deal that results from this framework absolutely must be
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presented to the united states congress for full review, full review. so, david, i don't know if that means then all of the legislatures of p 5 countries want to participate and look at this too? david: perhaps. some sanctions of iran issued by executive order. those the president can get rid of because he is the executive. others were issued by the congress. only way the president could get rid of them is with congressional approval. of course the senate and house are cold by the republicans. he has to deal with republican at some point. liz: got it. david: california's drought has reached crisis mode as governor jerry brown ordered statewide water reduction for the very first time. liz: much of the crackdown focuses on lawns. californians love their green lawns and outdoor landscaping. nobody has more outdoor landscaping than golf courses. we find robert gray in el seg ground dough at a different golf course that found religion, right, robert? >> that's right.
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they're using recycle water so already on the path with new stricter mandatory restrictions they may need to go farther than that so the general manager tells us. we'll get to that in a second. part of the statewide reductions governor talked about yesterday. snow pack at record lows. the state gets a third of water supplies as the snow pack melts in spring and summer months. what comes into play you have to replace 50 million square feet of lawns. cities and towns cutting water usage by a quarter. colleges, golf courses will have to cut back. insent viiv rates to cut water. the lakes at el segundo about what they have to do with the new restriction. >> three of the top things we do, one, we're looking at areas of our golf course we can turn into more natural areas. switching to plants and grasses that don't need as much water. we're looking at areas typically we grab the hose out and spray down entire pa the yo or
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driveway we're switching that, where it would be blown screen or broom cleaned. our irrigation times. we're always monitoring our irdivision times. when the -- irrigation times. when the sprinklers go and how long they go for. >> what one thing that is unclear, i talked to business owners one with water intensive business, not sure who will be enforcing it, probably on the local level. i heard from peter, the master brewer with bear republic brewing in sonoma valley, they're 30% below from a couple years ago. they're more than in compliance with new restrictions. their water supplies are higher than a year ago. he is confused how one size fits all restriction policy will be enforced everywhere is not suffering the same consequences with water. we'll continue the story tomorrow, guys by the way. back to you in studio. liz: thanks very much. robert gray live in el segundo, california. david: thank you, robert.
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indiana religious freedom law is take a toll on business. one pizza rea was forced to shut down after it said it would not cater to gay weddings. liz: first time in tennis history a tournament is played without a line judgment you can't be serious, said john mcenroe. yeah they are. we've got him. we're talking to the legendary tennis player john mcenroe, a big winner expand did i roddick how this new technology is changing the game. david: wow, both those guys were number bun. they will be here coming up. $14 trillion worth of ad rice. advice. we it for you today here on fox business, for an exclusive interview coming right right up. we've helped guide our clients through good times and bad. our experienced investment professionals are one
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david: breaking news. indiana is planning on changing a new law to make it more acceptable to organizations and businesses concerned about how it would affect homosexuals but the controversy already has affect ad pizza shop forced to shut down because of threats by people upset with the owner's take on the new law. one of co-owners of memories pizza, kevin o'connor joining us.
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kevin, thank you for coming in, i appreciate it. a lot has to do with interview with another co-owner of your shop essentially she said you would not cater to a wedding after gay couple but have you ever catered a wedding before? >> no. we haven't. that would be my daughter. we never catered to anything. david: so was kind after moot point in terms of what happens in reality but have you ever refused service to a gay person? >> i wouldn't know if they were gay or not because, we just serve whoever comes in. david: so, you don't have any particular animus against that but it was particularly a wedding ceremony among two gay people you would have problems with because it doesn't accord with your religious beliefs? >> that's right. we wouldn't condone it. we couldn't condone it. david: tell us exactly what the reactions were by people online or in telephone calls or whoever they responded to what your daughter said?
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>> it got pretty vicious. it got to the point where i wouldn't even look at them anymore. i just, shut down my facebook page and, a lot of my messaging and, wouldn't even look at it anymore. after a while, it just beats you down and, it's overwhelming. david: were there threats, specific threats to your safety or your daughter's safety? >> i never seen one personally. i just heard of them. from other people who were looking at it more than i was. i never personally seen any. david: so, why exactly did you shut down the pizzeria? >> well, the first, the first night, the first day after the phone just never quit ringing. it was like a continuous ring from morning till night. and, we would have no way at that time to determine if any of
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orders were legitimate or, or what. and, i didn't want to put my daughter through what i figured she was going to hear if she did answer the phones. so, we just thought it best to shut it down. david: you must be encouraged by the fact a lot of people have been coming to your support. in fact, i believe, correct me if i'm wrong, $40,000 has been raised in support of this tough time for you, am i right? >> i think it is substantially more than that right now. david: really? what are you going to do with the cash? >> well, there's some bills that the store has to pay off. and, we would like to remodel it and, do it the way we would like to do it. so, a lot of it is going into the store and redo the store and get rid of the debt. david: all right. i have to let you know, by the way, it is not only the heterosexual community. some people in the homosexual community as well, one gay activist in particular does work
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for fox news, named tammy bruce, who spoke in support of you, against some of the attacks against you. i just want to play a sound from what she said and get your reaction. >> i say to every other gay person out there, especially young people, for you to turn into what we have been fighting against for generations, my activism began with act-up, which was a gay group dealing with aids issues in the '80s. for me to turn around in the 21st century this is what we were fighting for so that we could condemn people who are different, and with whom we disagree? >> exactly. >> it is antithesis what every civil rights movement was about. david: so, kevin, there is a gay activist who is standing up for your right to hold the beliefs that you hold. have you received any other support from any member of the gay community? >> i have. i have seen a lot of support from the gay community. and, it was basically, the same
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thing that she was saying. is, it is just, intolerable the anger, the bitterness, is just, it is, i don't understand it. i don't, they're good people. there is just things that i don't agree with with them. so, to act like this is just beyond my imagination. david: well, hopefully, it will come to an end because there are enough people that actually have stood up against that right now. both from the gay and straight community. listen, we wish you the very best. we're glad people chipped in to help you through this tough time. kevin o'connor, memories pizza co-owner. thanks very much for coming in, kevin. best of luck. >> thank you and thank you the folks. david: thank you, we will. liz: with $4 trillion in asset under management you can't afford to miss blackrock's advice. we have a first on fox business look.
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so before anybody else, at the new investment note before it hads the presses. that is coming up next. david: the first tennis tournament to be played without line judges instead relying on technology for the calls. we'll talk to two tennis legends, one in particular who had calls of his own on the court about how the technology is changing the game and the future of the sport. you don't want to miss it. ♪
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liz: we have breaking news out of indiana. the indiana senate and the indiana house now approved the fixes to the religious freedom restoration act that governor mike pence had demanded be made. so now the fix supposedly is in. we don't know too many details on this but we will get them to you as soon as they become available. david. david: that is good news for our last guest as well. u.s. dollar index posting it best quarter since 2008 after surging nearly 9%. does this rally still have legs
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and how should investors play it? joining me "first on fox business" interview is russ koestrich. he is blackrock chief investment strategist. russ, great to see you. first off, does the dollar rally continue? >> i think it does. dave, if you think about what is driving the dollar higher, it is relative u.s. economic strength. it is diverging economic policy. it is the shale play making the u.s. more energy independent. all those themes will likely continue in 2015 and beyond. david: you say in your report already what has happened, companies we saw them lower their expectations. you say that is largely, particularly for the international companies as a result of the stronger dollar, right? >> this has been a very significant headwind for u.s. companies. if you look estimates for q1 pour the s&p 500, it is down negative 5% year-over-year. this is a big drop from where it was say in november and a large part of that as you suggest is the function of the stronger
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dollar. this has created a headwind for companies, microsoft, proctor & gamble, united technology. really all of which have in common the fact they have very significant exports that become less competitive as the dollar's appreciated this rapidly. david: now it is certainly has some effect on u.s. markets the fact we've been basically flat for the year, while european markets by the way have been up 20% for the year in some cases. you say be careful about putting your money with european stocks. after all, they're based, denominated in euros. the euro has come down. so that is a fool's gold bet, is it not? >> we, i, put it slightly differently. we like europe. we like japan. but with a caveat. we don't want currency exposure. we spoke about, expect the dollar to appreciate. that means euro and yen depreciate. for dollar-based investors that will be a drag on return. our recommendation you want exposure to these markets, there is still opportunity but do it
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in vehicles that hedge out the foreign exchange exposure so none of the returns are dragged down by stronger dollar. david: get to one of your picks. you have currency hedge etf. tell us about it. >> we have a number of those. if for example, we look at germany, up 22% in euros up year-to-date, up only 8% in dollar terms. one product we have, hewg. it gives you exposure to the german stock market but does it in a way that hedges out the euro. so again, this removes the foreign exchange volatility. now there may be periods where you want that volatility, where you want exposure to the euro. we don't believe this is one of those. again we would prefer to have our exposure to places like europe, in a vehicle that eliminates or at least mitigates that foreign exchange exposure. david: we should mention by the way, u.s. consumer is a big winner here. so perhaps some consumer stocks as well? >> the con consumer is a winner.
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this is very interesting, dave. the consumer should be spending much more than they are. wages are starting to accelerate. a stronger dollar helps purchasing power. gasoline is down. yet consumer spending is muted. savings are at a multiyear high. i think we'll have a decent year for growth but it is interesting that the response function for u.s. consumers has been different. we're not seeing them spend as aggressive as you would have thought, at least not yet. david: they're concerned about the future. russ koesterich, blackrock chief investment strategist, thanks for sharing all of this with us today. of course the full report comes out next week. liz? >> david, you will like this one, how to make $2.4 million by watching twitter feeds. one wall street whiz kid claims he did it but is his story too good to be true? we'll take a closer look next. tennis champ john mcenroe famously clashed with lines men during his matches through the years but now backing a new
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liz: playing the hot new car rides from the auto show. and a tweet that made one trader millions. that's ahead with our panel. but first the march employment report comes out tomorrow. even though the markets are closed fox business is here. david and i will be here.
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what type of reaction could we see monday? and what should investors expect? we bring in our panel, tom frost, of frost and frost wealth management along with bob rice, tangent capital. right off the bet, gentlemen. here what we're expecting 245,000 jobs in month of march and unemployment holding at 5.5%. what are you expecting? >> i don't think the numbers mean as much. what is wage growth and job participation look like. these are things drive economy. full time versus part time look like. the headline number can be disorienting. that is not what the fed is looking at when they determine if there is slack that will allow them to extend easy money policy. liz: tom, if we get a better than expected number and wage growth, the expectation for it to grow .2 of a percent, if that beats what kind of reaction could we see? very positive on monday, correct? >> i think so. we're expecting that number to come in there. but what it will do is put more
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pressure on fed and janet yellen to raise rates. we think the equity markets might respond postively in the beginning, we'll closely watch the bond market. if the bond market feels that interest rates are going to rise, we'll see a big selloff in fixed income. liz: okay. these interest rates are so unbelievably low for the 10 and 30. quickly on the jobs numbers, when you think of the trend, the trend has been so unbelievably strong month after month after month -- see you're questioning that. >> i'm not sure i would say unbelievably strong. would i say decent. liz: 19-year levels we haven't seen. >> but you're also seeing jobs participation rate at 30-year lows. liz: that is another part of it. >> that is the flip side of that is very important. how many people are actually working? that is not a very good percentage of the u.s. population. liz: whoever is working they're buybecause auto numbers again, e trend is showing month over month, not necessarily so great for the most recent month. many automakers are so excited
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they are debuting, hottest and flashiest vehicles this time at new york auto show. between jaguar's swanky xf sedan and redesigned chevy malibu. which automakers might rev investors engines? which once? >> i like the jaguar and range rover, that new auto buying graph if i edition. $199,450. these automakers know something they expect the consumers expect to spend money. liz: that is at that at that motors. there is -- tata motors. is there a favorite in there for a guy who likes cars? >> i don't like them so much. i hate to be a downer. i'm not a fan of automotive industry. i think slackening in the pace
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will continue. i think megatrends are running against them. not a sector i like. not withstanding the fact i don't like cars. >> i personally looked at brand new jeep wrangler that will be coming out? i think jeeps are really cool. that of course, fiat chrysler, this is a company that is actually been doing pretty well. >> that is very true. >> okay. speaking of doing well, one trader, made more than $2 million in the blink of an eye. i mean, even faster than that. by purchasing stock options of a tech company called altera, right after a reporter tweeted that the company might be in talks with intel a potential buyout. good timing? skill? something else? tom frost? >> well, first of all, let's be really clear about this it does not appear it was insider trading because it was public information once that "wall street journal," that reporter tweeted that. but let's not forget the point that we're only talking about this because the trader made
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$2.4 million. he did put $110,000 of his own money down he could have well lost. we wouldn't be having this discussion now. liz: it was a nanosecond after the journal tweeted, this, bob. i'm sure it will be looked at. there is such a thing as lucky timing. >> there is also such things in automated intelligent trading where you have a lot of people spend a lot of money on systems that will read tweets, read news, interpret them, natural language recognition and execute a trade right away. that might account for the millisecond timing right there. liz: they will sift through the tweets. they will aggregate them and grab ones that matter to you. you've already been positioned to say buy this or sell that. >> exactly. humans literally can not read fast enough to keep up. another reason the market becomes tougher and tougher for the average joe to play. liz: although everybody can go on twitter. quickly, tom? >> that's right. we all could have followed same tweet. computer programs are looking for words like merger or buyout
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or something like that to quickly act. listen, it shows you maybe we all should be part of twitter. we tweet for our clients constantly. liz: tom, great to see you. bob, thank you so much. have a lovely holiday, both of you. >> you too. liz: david, over to you. david: liz, i've been looking over this all day. reinventing tennis. the rules of the game haven't changed much in about a hundred years but new technology could be about to change everything. tennis great john mcenroe and andy roddick are right here. they're just getting wired up here on the tennis court. they will join news a moment to talk about a revolution. if you like us at all you don't want to miss this coming next. if a denture were to be
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david: first time in pro tennis people where players play without lines people relying on line technology to rule on disputed calls. liz: from the machine. which have pro tennis champ 7s and power share series competitors andy roddick and john mcenroe. hi, gentlemen. that is really interesting. i don't know if you heard, somebody read a tweet and traded on it made $4.2 million. technology can be our friend or enemy. it is replacing human as lines
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men. john, you're known as guy who challenged lines men quite a bit. >> yes, it is a sad day. liz: you challenged the machine last night. machine is called hawkeye. how did that go during your tournament with james blake? >> you know, it has a few kinks to work out. i didn't do real well. there are a lot of gloating lines men. give me a couple days. i'm over 50. don't see quite as good as i used to. it is possible, liz, i may have miss ad call or two past 35 years. i'm not convinced of that yet. we'll wait and see. good to get a little breather now and then. sometimes you call a challenge, you know you will not win, especially if i have to down against the likes of andy. david: andy, what about human judgment? is it on its way out? how will it come to play in the new way tennis plays? human judgment? >> we'll see. playing first couple of nights, calling our own lines it has a different dynamic.
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the crowd enjoys it basically call each other liars for our own calls. got to be honest with you, john, he cheated a little bit last night. he did. liz: what? >> you need to cheat against younger guys. >> whereas everyone thought i was complaining, everyone thought i was complaining all these years. turns out i was just right. i'm happy with the experiment thus far. liz: we should let people know, john, you were 2-9 for challenging technology called hawkeye. >> hall-of-famer in baseball. liz: yeah. >> that is a, that is a misleading stat. okay? liz: okay. >> don't make too much out of it. >> clarify. >> we're having some fun. i'm clarifying. three of the nine i need ad rest. so that is three right there. two, i was right. two i did it for some entertainment. i was two for four in my book which is not very good. i have to do better than that. two for nine stat. throw it out the window. baseball they have metrics and on base percentage and runs per
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hit. not always about your average. david: well, andy, you're supposed to call your own shots in this new way of playing. i'm wondering with there is already disputes. aren't we eventually just going to have every single shot we'll have the machine come up and tell us what is right or wrong? you guys are not going to be calling the shots because eventually people will dispute these things. >> is there machine asking you what question to us right now? david: not right now. >> i think we're all replaceable. but no, i think people want to see the human element and back and forth. john makes a call i don't agree with, me challenging him. becomes a whole thing. that is part of value of it. i was for replay when i was playing. now looking back, people always talk to me, they missed the days when john would go absolutely mental on an umpire. it -- david: mental? wait, a minute, weren't you right in those calls? >> well, that's why they're trying to prove me wrong right now.
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i didn't think i missed a call in my entire career. apparently may not be totally accurate the we'll have some fun. i guaranty you the fan participation will increase dramatically as this goes along. if god forbid they ever use it on main tour. liz: one thing that isn't replaceable is sponsorship. aside from power shares, geico is there. instead of lines men, the geico geckos? is that distracting to have gigantic geckos on side of the courts? >> it is. >> not as distracting as umpires making bad calls. david: i was going to say, didn't call one of those umpires a gecko at one point? liz: something like that. >> among other things. that was some of the nicer things i said if i recall correctly, yeah. >> said bad things but he was thinking worse things. david: gentlemen, thank you so much. two number one seeds, don't get that every day. john mcenroe and andy roddick. catch the power shares live tonight on fox sports.
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this is fox sports 17:30 eastern mack ken row and roddick. liz: mack ken row is great skier. we've been in a race together. he won. hyundai seeking to rev up sales with redesigned 2016 tucson. why the south korean giant is betting on the cross over market. we'll ask hyundai motor america president and ceo live next. >> hi, everybody, i'm gerri willis. coming up on my show at the top of the hour, green lobby accused of causing a water crisis in california. we'll examine the evidence why some favored a tiny fish over millions of people. that is just one of the big stories coming up on "the willis report" in just a few minutes. of active managemen. every day, our teams collaborate around the world, to actively uncover, discuss and debate investment opportunities.
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>> hyundai's u.s. business is booming. sales surging 12% last month from a year ago. what's truly behind the auto giant's recent success and how will it keep ahead of the competition because there's a lot of it. joining us david zuchowski, hyundai motor america ceo and president. talking about hitting on all cylinders, hyundai has big hit cars. at new york auto show you hinted about crossovers. >> yes. >> explain to our viewers what you perceive as a crossover. >> crossover is a car based sport utility vehicle. sport utilities used to be truck based, body on frame
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construction, the reason it's driving the growth is people don't give up anything to get a crossover. >> such a smooth ride for the crossovers. what was different about the new york auto show? a back drop of very low gasoline prices, aluminum coming into the auto market in a big way. what do you sense is the big trend? >> surprises back. now all of a sudden over the last two or three days, big surprises about products coming out that nobody knew about. lots of product announcements and surprises. >> santa fe, tucson, places on a map but places in your collective mind at hyundai. >> very important places. crossover is a big, big part of the business which is where most of the growth is right now. >> how do you pick names? is that specific to u.s. consumers, santa fe, tucson. rugged cities? . >> it makes sense for us to keep a similar theme but it's one of the most controversial and time consuming decisions
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that takes place in any company. >> we remember the nova whiches. that wasn't you guys. speaking of controversy, look, every car is accused of ripping off everybody else's designs. this is a recurring thing that people talk to hyundai about. you have a quick and strong answer to that. >> only so many ways can you bend sheet metal. in terms of styling language that you have a distinctive language, when you see our vehicles you want to know it's a hyundai. there is something unique about the way that's styled. we've done it over the last five or six years and driving our growth. very, very distinctive design language. >> i will never forget seven or eight years ago at the detroit auto show, hyundai stunned everyone and won car of the year. that was the genesis. >> the genesis. >> how are sales now? >> phenomenal. up 157%. proving we can dmeet any segment in any market. >> one other thing you proved you can do is have a corporate
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conscience. you have initiative called hope on wheels, you make big donations and big efforts for pediatric cancers. can't you just go for the almighty dollar and profit? >> it makes us a good company to a great company. we recognized there was a breach where 4% of the federal funding for cancer is designated towards kids, yet there's 15,000 kids every year diagnosed with cancer. there's a breach there and stepped into the breach. and every vehicle we sell we generate dollars, and the dealers do that. we match the donations and collectively over the last 17 years it's $100 million. >> $100 million, that's amazing. bless them, this is a korean--based company, do they understand that's important to do in nations like the u.s.? >> absolutely. this is a u.s. initiative and there's a lot of talk about taking this global. it's a global problem. >> please, keep us posted. >> i will. >> david zuchowski, hyundai
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america motors ceo and president. >> spectacular the u.s. is so generous with corporate funds and glad you are spreading that around the world. great news. it is time for "the willis report." hope to see you back here tomorrow. >> we'll both be here, live. see you tomorrow. >> hello, everybody. i'm gerri willis, and this is "the willis report." the show where consumers are our business. newly uncovered documents show primera blue cross was warned weeks before the health insurer was hacked. >> primera was hacked in may last year. it found out in january of this year. gerri: cybercrooks stole the identities of 11 million people. california sweeping statewide water restrictions. >> the idea of your nice little green grass getting lots of water every day, that's going to be a think of the past. gerri: is california's devastating water crisis man made? we'll examine the evidence. also a dramatic end to the nation's

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