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tv   Countdown to the Closing Bell With Liz Claman  FOX Business  May 12, 2014 3:00pm-4:01pm EDT

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i hope you are making money today. the market's on fire, and who better to help you through the finish than liz claman? countdown starts right now. ♪ ♪ liz: the dow hitting another intraday high. how long will the bulls stay in charge? does the success of your business and eventually the economy in your portfolio depend on where you live? we look at the cities with the best records, and we'll can ask labor secretary thomas perez the secret to repeating those results nationwide. he's live in studio. as the world seems to be catching start-up fever, a home cooked meal without the hassle of shopping and measuring out all those ingredients seems to be doing it for blue apron. yes, they do it all, and investors are impressed with its recipe for success. matt salzburg, the founder and ceo, how he's changing the way we eat at home. and the rise of the drones. a new flying camera unveiled this week takes drone technology
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to an entirely new level. it can even be used with facebook's virtual reality goggles to give you a bird's eye view like you've never seen before. "countdown to the closing bell" taking off right now. ♪ ♪ liz: taking off is right. we just briefly touched 16,700 on the dow jones industrials. good afternoon, everybody, it's the last hour of trade. we're looking at a daily double or at least new records for both the dow jones industrials and the s&p 500. both, yes, are poised to finish at record highs. now, those gains seem to be stimulating the a new appetite for risk, going right to the names that were crushes last week and the week before. look at social media stock, up by an average of more than 3% today. look at pandora by more than 6%, twitter up five and two-thirds
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percent, then facebook, yell m looking great at 4.25%, linkedin bringing rear. the same holds true not just for american companies, but chinese social media companies. way bow up nearly 7%. these are on fire, and russia's version of google looking very healthy up $1.16 or 4%. there's also some big deal making news to tell you about. hill shire brands which boasts household names like jimmy dean sausage and ball park franks is buying opinion i cl foods, a deal valued at $4.3 billion. we caught up with the ceo just last week fresh off very positive earnings news for his company, and look what he was keeping secret. nice deal here. pinnacle, the acquire', is up about 13%. not a big surprise to see hillshire brands the acquirer down 5%, but in the recent past you've seen both moving higher.
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not so today. and allergan is now formally rejecting that $46 billion bid from valiant pharmaceuticals saying the offer undervalues the company. you may remember activist investor bill ackman tried to team up to buy it. ackman told the private group he was up about 38% on that proposed deal. right now, shares of both at least earlier were trending lower, and they continue to do so. allergan down about 1.17%. valiant, the would-be acquirer down 1%. so there has been so much talk about starting new businesses, and if you were thinking about it because you see all the start-ups that have been acquired for billions of dollars and you're wondering where you should set up camp, we have an answer for you perhaps. the u.s. chamber of commerce foundation surveyed ten major american cities and found that dallas, texas, offers the most
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efficient business environment for entrepreneurs. but guess what? don't start to think that it's just because of the tax policies that are very friendly. there are all kinds of states that are looking good. the question become withs can individual states help boost overall employment? and what's the true key to job creation in this country? our own rich edson spoke with dallas fed president richard fisher in a fox business exclusive. rich is standing by live from dallas. listen, everybody knows that dallas is very business-friendly, but what more is there beneath the surface here? >> well, of course when you talk about the tax environment, what made texas so attractive is that there is no corporate income tax. but to go a little bit beyond that, what the chamber of commerce did is it looked at small businesses, and we are at crist salad company here in texas. they opened six months ago. what it was like to open the business here. he went down to city hall, one-stop shopping. he said it couldn't have been easier in dallas, texas, and that's what the chamber looked at.
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they looked at the time and money it cost to get started with a business, to get all their permits, their construction permits, their licensing. and that's what the chamber said was number one. we spoke with him about regulation, about the environment. he says when you look at all the cities across the country, what separates the localities from one another? regulation. >> although i'm not an elected official, simpson and bowles have come forward with restarting, reboot the entire taxing system of the federal government, rewrite the regulatory codes because we know the register is yea high, and by just continuing to do so, what it's doing is scaring job creation away, and jobs are the route to dignity. you have more consumption when you have more jobs. >> reporter: liz, we also talked to the mayor, mike rawlings, here. he's dropped a number of public/private partnerships involved with start-up businesses here. he's got a little experience himself, he was the president of
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pizza hut back in the 1990s and also is the vice president of a private equity firm called cic partners here in dallas. so the business experience all around down here in texas. back to you. liz: okay, thank you. rich, i want you and that team to stay tuned because coming up in just a few moments we're going to get further validation about what really needs to be offered by states to create such a great and fertile atmosphere for start-ups. u.s. labor secretary tom perez is my guest live in studio. yes, he's come up from d.c., and we're going to ask him what he thinks states really should do, the best way that they can promote business growth and job creation and then how we can translate that all the way throughout the united states and then really help our economy. dow jones transports. it's not just the dow jones industrials that are looking good. have you seen the transimportants? they are also on track for a record close, up 147 points. this year to date chart looks awfully good after february, wow, a nice move. and we see at the moment the broader rally is following.
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traders at the new york stock exchange, cme group and the nymex. ben, i'm glad you here on this monday because i was thinking to myself what message does it send that the very names that were pulling out down last week, the twitters of the world and the trip advisers, are now the ones roaring ahead today, and does that send a message, i guess, that has a longer tail for the future? >> the stocks that you're mentioning are traditionally extremely volatile, but they seem to have put in a bottom as far as the technicians are concerned. you can talk to mark over at gray wolf on it. but they seem to have put in a bottom on friday, and we've recovered from that move. that was also aided, as you mentioned coming in earlier, by the social media stocks in china. china was a big boost. with the whole world's stock market repricing itself based on a slowdown in china. we finally got some good news about the new management that's in charge of china incorporated, that they will, in fact, address some issues to help stimulate their economy. while they're comfortable with a
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7.5% gdp rate, which is extraordinary in its own right, the concern was on some of their lending models and how they were working their banking system. that continued to feed on itself with the good news out of mergers and acquisitions and the like. so what we're seeing today is, again, a reverse of the rotation, if you will, that we had been seeing since january where if you look at the russell 2000, it's really the canary in the coal mine, if you will. and the stocks you mentioned, the high beta stocks that have been under pressure, but the major market averages have been holding up as that money stayed in play. the flip side today is you're seeing the utilities and telecoms which had been the benefactor of that safe haven on the negative side. liz: suddenly everybody forgot, oh, wait, we were scared last week. that russell is up the largest percentage -- >> true story. liz: exactly. i want to get chris in from the cme in on this conversation. chris, again, very, very helpful atmosphere when it comes to
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stocks. we have global economy accelerating, spring fever when it comes to deals, all kinds of acquisitions, and central banks are playing along. and here we have a ten-year, 2.66%. is there any point to having most of your portfolio in treasuries right now when the flying looks pretty clear out in the sky? >> absolutely not, liz. i think the fact that we have been so range bound, we saw a little bit of risk-off situation and then all of a sudden you have these growth stocks like you had hit on and your previous guests had hit on. all of a sudden it's a little bit of a bounce. but if it stays around that 2.6 yield on the ten-year, i believe a lot of traders if there's any pullback, we could finally see a range broken. and then a lot of traders are using that as a gauge of volatility. the new vixx is really the ten-year yield here in chicago. liz: okay. and we're looking at the temperature outside, 83 degrees. it's getting hot here today, so let me get to jeff grossman at
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the nymex, and there seems to be real support for everything in the energy complex right now except for natural gas which i find interesting, but what are you hearing as to what pushes this market further in the next week or so? >> i don't think there is much that's going to do that, as a matter of fact. again, today was one of those sympathetic moves. stock market strong, but the truth is from a technical standpoint, we really stayed within our normal parameters. the market was a sale up above 101 which gasoline, again, i always say is a leader at the this time of the year, failed at 293 on our spot. so we stayed within parameters. the spreads gave you no indication. the brent/wti spread was pretty flat. so really i think today is a watch and wait kind of a scenario. probably the inventory figures are going to come out tuesday night or wednesday may at least give us some direction to break out of this range we've been in now for about the last seven
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sessions. liz: i'll tell you something that strikes me, 76% of the s&p companies that have reported have beaten estimates for earnings for q1. of and i don't know, ben, you and i can shake our heads together of all the people who said this is going to be a horrible earnings season. not so on this show. listen, thanks to all of our traders -- >> liz, before you go away, i just want to compliment you on the dallas story. what viewers need to understand is that entrepreneurship growing is the birth/death rate model that's used by the bureau of labor statistics to lower our unemployment rate. liz: yeah. and people say what's the birth/death rate, liz, that's birth and death rate of companies, retention and destruction of companies. thanks for the clarification. while it is a sea of green for many companies' shares -- i think my dress did it. that's exactly what it is. [laughter] for many companies today, there are so many stocks that are, of course, in the red as we mentioned. look, what is getting hurt here? pharmaceutical companyings. but let's get to nicole
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petallides on the floor of the new york stock exchange. you were just hearing ben willis say the leaders of last week like the utilities not quite doing it today. >> that's right. and we've been watching social media, the banks, drugs, today is a sea of green. maybe your dress did do it. i want to take a look at allergan and valiant pharma. both are down about 1% at the moment, liz, and we're watching these two because allergan rejected valiant's bid, and it's an unsolicited bid. and they say it clearly undervalues their company. in addition to the fact that they say there's a large stock component which then brings uncertainty and long-term growth prospects become riskier with that. and so with that we'll see whether or not you have them step up. because right now the allergan board is not pleased with valiant moving forward with this. don't forget bill ackman is involved in this. you're talking about 46, $47 billion worth of a potential merger. you're talking about botox, something that continues to be very popular and is growing.
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so this'll be a story that we continue to cover. both stocks down about 1%. liz? liz: well, you've got to give mr. ackman credit for being creative. thank you very much, nicole. closing bell ringing in about 48 minutes. what are the best cities in america to start a new business? and what can the rest of america learn from those states and cities if? we're putting that question and many others to labor secretary tom perez. we'll ask him for the trick of great job creation for each and every state. we're welcoming tom perez. and who doesn't want a home-cooked meal without any of the normal hassles, actually going out and buying the ingredients? blue apron has the solution. it's attracting some bigtime investment dollars and a growing list of budding chefs who are very busy, right? we all have full-time jobs and running around with the kids, etc., but they make it easy for you to do a cordon bleu in the
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blue apron. we catch up with the ceo to ask him what's next for this start-up. ♪ ♪ (mother vo) when i was pregnant ...i got lots of advice, but i needed information i could trust. unitedhealthcare's innovative, simple program helps moms stay on track with their doctors to get the right care and guidance. (anncr vo) that's health in numbers. unitedhealthcare.
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struggling to find employment, small businesses play this very crucial, key role in job creation. as rich edson just reported earlier, dallas is, apparently, according to research, the easiest place for a entrepreneur to start a business. but how much attention should we really pay to this state-specific data? can individual states defeat the persistently-high unemployment rate that crosses the whole country? joining me now with his take on this and much more is u.s. labor secretary tom perez. wonderful to have you in studio. >> liz, it's great to see you. glad i'm not looking into a black box anymore. liz: you're here to talk about this. and we were in our meeting with the 3 p.m. team, and we said we want to take this a little differently and look at what states that are doing it correctly, what they're doing right, what's the big lure and what's that trick. so when you look at the dallas of the world, is it the easiest place for a start-up? not necessarily the easiest place for business retention. the best cities to do business on our screen right here,
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detroit, boston, st. louis, raleigh, atlanta, dallas. what are they doing right? >> well, i think human capital's a big part of it, liz. when i talk to business owners, i used to be maryland's business secretary, now i talk to business owners across america, and when they either want a start-up or expanted, i have the same conversation with them. i need that skilled work force that will enable me to grow my business or start my business and sustain my business. and that's why what we do at the department of labor so important because we invest in human capital, making sure we have the skills to compete for today's and tomorrow's jobs. and that is why you look at states that have a good educational infrastructure, and i think that makes a huge difference. liz: i know michigan, of course, michigan state,man u, but detroit? so they're doing something right. it's not, certainly, tax incentives because the city went bankrupt and then had to get out of that. >> well, i'm bullish on detroit
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because we spend a lot of time -- liz: we just had the ceo of shy knoll la, too, and he's very bullish. >> i have toured his facility, and it is a great facility. and i talk to people there and the remarkable spirit that they demonstrate there. i spoke to a business owner, andrea rush, she owns detroitct. they have located in the heart of detroit. she manufactures the console for the ford f150. she went from zero employees to about 800 employees in the span of less than a year with the help of american job centers, and those employees have punched their ticket to the middle class. the mayor of detroit is going great guns. the business community is unified. the investments, the community colleges there are making, the federal government has made unprecedented investments there. i'm bullish about detroit, and we're all in. liz: well, here are the cities that hit the bottom of the list when it came to the best cities to start companies, los angeles,
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chicago, san francisco, new york city, and yet new york city ended up being on a different survey that said it's number one in business retention. so do you put less stock, for example, into these studies and look at what are the best ways? rich edson was just life from dallas and says -- live from dallas, and says, he calls it, basically, the national register of regulations. the fewer the onerous regulations, the more friendly it is for businesses to start up. is there something nationwide that we could do to work on something like that? >> well, i mean, i think this notion that it's an either/or thing on the regulation front, for me, i don't buy that. i mean, there is nothing inconsistent between job growth, business growth and the presence of common sense regulation. we saw that in the housing market. part of the reason the bubble burst is that it was the wild, wild west, and i spoke to lenders whose businesses went under. and they were trying to play by
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the rules, but they were undercut by the businesses who cheated. i think that's, respectfully, i think that's a facile analysis. common sense regulation and business growth go hand in hand because you are rewarding those who play by the rules. liz: isn't it interesting that new york was at the bottom of the list for this survey that said that it's the worst place to do entrepreneurial behavior and yet tech crunch, whom we follow, a very hip web site, said new york has the fastest growing energetic start-up community you've had in ten years. a lot of that you could credit major bloomberg who said we're going to make it easy for people to get the help to do this. but do you need tax incentives to give a great start-up atmosphere? because new york doesn't quite have that, and they manage to do very well. >> well, actually, if you look in central new york, i was in utica recently, and there is a very robust nanotech world in central new york.
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utica, albany, those areas. and they're really doing a great job at commercializing their research. in other words, taking the good research and actually growing a business out of it, putting it to market and growing jobs and making money. and the state has certainly been helpful in that regard. and so, you know, i look at these different studies, and sometimes i wonder what -- they seem to be asking different questions, perhaps, although they're in the same ballpark. and for me it comes down to my own experience, you know, making sure you have that human capital, making sure you have a good plan, making sure you have support for that plan from the state and others. you know, some incentives, i think, have proven to be very helpful. liz: where do you stand on relocating to a place where they say in the surveys that it's the best atmosphere for jobs; austin, texas, madison, wisconsin, houston, supposedly,
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jacksonville, florida, columbus, ohio. at this point i would love to believe that you could start a business anywhere in america. >> well, and people have started businesses everywhere in america, and, i mean, the examples you've just cited there, you have really a number of university towns where you have a lot of human capital, a lot of business and technology that spins off of the university infrastructure. and so it's not surprising that you have so many in that list. but i've been to small town america where people are going gangbusters because they had a good idea, they had a plan. they developed -- they had a local banking structure that saw the good in them and moved forward. so i don't -- i think anywhere you live in america if you put your mind to it and work hard and play by the rules, i think the sky's the limit. that's the beauty of this country. liz: well, people forget that silicon valley at one point was a very small town an hour south
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of san francisco. great to see you. >> great to be with you. liz: labor secretary tom perez, thank you so much. closing bell, you should stick around. we have a record day here. 36 minutes away from what we could see as a dow jones industrial record. same with the s&p. hey, listen, forget about valet parking. cars that park themselves are already here. and they're helping drive a boom in the auto parts industry. next, we'll find out which stocks offer the best accelerated growth opportunities for investors. and it's a start-up that has served up a $500 million valuation in just 18 months. oh, yes. starting businesses can be lucrative. we're talking about blue apron. i don't even have a white apron. i can't cook. but that's why we're bringing in the subscription service for chefs. the company's co-founder and ceo matt salzburg joins us. look, $9.99 a person to feed them a cordon bleu type meal?
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let's do -- let's go. ♪ ♪ we're moving our company to new york state. the numbers are impressive. over 400,000 new private sector jobs... making new york state number two in the nation in new private sector job creation... with 10 regional development strategies
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to fit your business needs. and now it's even better because they've introduced startup new york... with the state creating dozens of tax-free zones where businesses pay no taxes for ten years. become the next business to discover the new new york. [ male announcer ] see if your business qualifies. become the next business to discover the new new york. my dad has aor afib.brillation, he has the most common kind...'s not caused by a heart valve problem. dad, it says your afib puts you 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, 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
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>> we are still in record territory for the dow and the s&p. the s&p is getting a little close. the record w we're looking at is 1890. five points away. investors may want to think twice before getting behind the wheel of an automaker stock. instead of focusing on companies that actually make the cars, they could according to some experts be better off focusing on the companies that manufacture the parts of the cars. companies up more than 130% over the past year. is it time to get into the auto-parts makers or have you missed the bull run? shoulthey be concerned with howh more room, i guess jeff flock, you could say advanced auto parts.
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a great company to be in. >> i tell you, a lot of the technology is coming out of the suppliers. a french company, the lead engineer on a product that parks the car for me? >> absolutely. we pull it back out when the driver is ready. >> go-ahead, i drive up with my car, it stops and you engage it? how does this happen? >> we have 12 ultrasonic sensors, we know exactly what the vehicles are. >> it backs up, realizes that will not work, correct? >> right, 12 center it between the two vehicles. >> this kind of technology on the one side, right? now it will correct itself
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further. isn't that something? pretty crazy. supplier returns, this is like 40, 50, 80% one year for a lot of these suppliers. these guys are coming up with the technology in a lot of cases. deirdre: isn't it interesting they had been bankrupt? it has come back. go back to the car, that is so cool. look at how the wheel turns. i think that is the coolest thing in the world. >> he just wants to make sure he does not miss it. liz: that is so cool. californians are so good at parallel parking so i will never give up that skill, i'm sorry. >> you forget what's two times
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six. you forget them if you don't use them. liz: kids cannot even read maps because of gps. props to jason in the back seat. fox business is the network bringing you that cool video. the closing bell ringing in 27 minutes. if you want the convenience of home delivered food but you like cooking it yourself what you don't like going through the supermarket aisle, you may want to peel off the layers of blue apron. they just raised another $50 million in new funding. we had a cofounder and ceo. and the drone business flying high despite concerns about things like privacy and near misses with planes. a plan that can fly with virtual-reality goggles. we will have a birds eye view of
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the ground. i ys say be thman with the plan but with less ergy, moodiness, i had to do something. i saw mdoctor. a blood test showed it was low testosterone, not age. we talked about axiron the onlynderarm low t treaent that can restore t vels to normal in about two weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women, especlly those who are or who may become pregnant, and children should avoidt where axirons applied as unexpected signs
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of puberty in children or changes in body hair or incased acne in women may occur. report these symptoms to your doctor. tell your doctorbout all medical conditions and medications. sed sk of side effects te cancer, rseng teympts, medical conditions and medications. cread cot, aleide effects febo sweiner, le brehi ened opwheeng, bld cls he ls. iitatn e apieineasereood ll, inude inness le brehi ened opwheeng, adhe, ar, voti aninse ips ask ur dtor out ironeood ll, inude inness le brehi ened opwheeng,
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when folks think about wthey think salmon and energy. but the energy bp produces up here creates something else as well: jobs all over america. engineering and innovation jobs. advanced safety systems & technology. shipping and manufacturing. across the united states, bp supports more than a quarter million jobs. when we set up operation in one part of the country, people in other parts go to work. that's not a coincidence. it's one more part of our commitment to america.
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liz: a again i keep saying watch these numbers at the bottom of the screen. dow jones industrial basking in record highs today. same with the transports, same with the s&p 500. social media stocks on a roll as well. first, tripadvisor having a fabulous day today. >> we're watching tripadvisor, the social media stocks, many of them are down year to date.
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for some reason fell out of favor. a little worried about the business model, not today. they are outpacing the major market by about four times. how about i show you twitter. look at twitter right now up 6%. this group is flying high. other names like linkedin, pandora, just to name a few. don't forget they are working so hard to expand the business model. you talk about advertising revenue. it is not just going to be that restaurant was crummy, it will not just be the reviews. they're trying to compete with open table, pandora some worries about apple and streaming music to compete against pandora, but not today.
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this really is flying high. liz: last week twitter was getting crushed, today the second most actively traded stocks but in a good way, not a bad way. thank you very much, nicole petallides. pick a chef. for a subscription fee can aspire to become one of those top chefs. startup company blue apron. it found a way to cash in on your kitchen laziness, but your desire to expand. for about $10 per meal per person, you can create a gourmet feast for you, your family, your friends, your imaginary friends. they do all the hard work including ingredients selection and the shopping. all you need to do is put it all together, which they explain in great detail with the menu cards. they seem to like this recipe for success right now.
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food related companies have done very well the last two years but what is in store for this hot startup? the ceo and one of the company founders. did you experiment in in the kitchen growing up? how did this lead you to blue apron? >> i love trying new recipes and new techniques, but i found it pretty inaccessible when i graduated from college cooking and working a job, so the service came up with an idea wishing we had in our own lives. liz: a lot of people have no time to hunt through their old cookbooks or peru's through the aisle looking for things. you do it all, tell me how blue apron works. >> you go to our website, we deliver to your door every week a box with three meals for two people or four people and you
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get all the ingredients you need portion in the right amount with recipe cards our team creates specially for you and it makes it easy to cook at home. liz: how much does it cost to be a member? >> it is free to be a member, you pay as you go. liz: kung pow chicken tacos, who came up with that? this looks so good. >> we have a whole team. we have a recipe team that spent all day long, the best jobs in the country. they experiment with new ideas bringing recipes to people who normally don't cook. liz: we do the math hustling around 70 million in sales this year, although you are not ready to disclose that. how do you source your ingredients? >> we have an entire team of
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people whose job it is to find interesting purveyors, find a family-run businesses that we think our customers will find interesting. liz: how do you keep it fresh for people ordering in california? >> we deliver insulated boxes, so when we packed the food it shows up fresh and cold at your doorstep and you don't even have to be home when it gets there. liz: what are you going to do with the money? >> our goal is to make it a household name. it makes cooking accessible to everybody and our customers love it so we will be spending on marketing, new fulfillment capacity and scaling up the team to handle the demand. liz: over cheddar cheese grits, here's another one. what is this, blue potatoes? so good.
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would you expand to things like breakfast and lunch? >> we think dinner right now is the thing that is a regular weekly thing things like to do and that is where we are sticking. liz: my publicly educated school kid, went on to new jersey, i think there is this belief in america we were just with a labor secretary, he made a good point, small town, large town, the american dream still lives. too much regulation about the food industry, or are you making it happen? >> regulation has not held us back. it is something that is important. obviously food safety regulations and the like. it is as easy as it has ever been to own a company. the capital available to entrepreneurs with great ideas.
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they are growing fast and making money in ways that haven't been in the past. going to take a risk on a new idea. for companies like us it is easier to attract people to join your cause when it is fun and exciting. liz: great to have you. we are optimists this hour of the fox business. thank you so much for joining us. i'm going to try it. i cannot boil an egg, but may be. the labor secretary is going to do it. you can make us dinner. drones getting even more high tech for private users, now you can experience what it is like to fly high in the sky just like the drones. the market on a tear right now at an all-time high. i am always on call for you.
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join the thousands of people already signed up. a recap of major headlines of the day and after-hours action delivered in 90 seconds to your smart phone. sign-up,
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liz: look at the dow jones industrials, guys. 15,700, about four and a half points below the all-time record intraday high we just hit twice today. the s&p number is also a record
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high at the moment when we stand about 1896. you're making money if you are long stocks. the drones business is skyrocketing. i have market will tell me they saw them over new york city. you may see drones buzzing around. many of them carry only special cameras so far for the special birdseye view. now just unveiled a new high depth video drone giving anybody access to these flying eyes. for a few hundred dollars, this they drone that has cutting edge image stabilization technology for a 14 megapixel lens which can transmit live video while in flight directly to your smart phone or tablet. why don't we have one of these for fox business? users can use and optional controller.
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it can be paired with the breakthrough virtual headset goggles i held up in las vegas. that wouldn't even work. this was back in january at the consumer electronics show by before it was bought by facebook. for all the hype, there are plenty of concerns of things like privacy, on top of that worries drones good class with airlines. regulators have not yet given a green light to any of this but interesting they're getting ready for it making sure they have the right equipment. another record day for u.s. markets and the transports hitting new record highs. so close to making one as well. the number to watch, we are looking pretty good right here for the s&p 500 and the dow jones industrial. is it time to uncork the
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champagne or is the market about to pop and lose these? a perfect way to set it up, small caps are shining today, but is this a precursor to a bigger correction or just clearing the way? >> as a look at it, we are seeing an unstoppable force in the market. there is that immovable object it is getting ready to move into. if you look at valuations today, they are not where they were in 2007 but they are not far from that. they are far away from the lows we saw in 2009. you would not say will be set up for another big run. this immovable object is what the fed is doing in terms of tapering quantitative easing. rket fell at a0% nualed be. is ith mrkecommu
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mo vatilsiwe he as wrolongn tang a w a seeg ar,therarcketan wand ckt n't we. we have seen them all kind of fade early in the year. that is likely what we will continue to see. lith at the moment there are some names that can really do well the matter what happens. let's put them up on the screen. up 46% year over year and greenbrier. tommy, is there a common theme that makes you feel easily best names to be in right now? >> long-term, absolutely.
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if it does have the production that we are thinking we will see next year probably being the largest oil driller in the wor world, what we think will come from that is probably somewhat lower prices. those involved in all phases will make a lot of money. each of these which makes the tankers going from 10,000 carloads to 400,000 per year to today. delivering the natural gas. so all of these kind of meat our criteria. we think that is a good recipe for success. liz: we will put them on the page. ceo and president.
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the closing bell ringing in less than five minutes. we have another start up next. a phone that comes preloaded with all the latest music hits. keep it right here.
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really... so our business can be on at&t's network for $175 dollars a month? yup. all five of you for $175. our clients need a lot of attention. there's unlimited talk and text. we're working deals all day. you get 10 gigabytes of data to share. what about expansion potential? add a line anytime for 15 bucks a month. low dues... great terms... let's close. new at&t mobile share value plans. our best value plans ever for business. if ...hey breathing's hard... know the feeling? copd includes emphysema and chronic bronchitis.
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spiriva is a once-daily 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 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. [ bell ringing, applause ] five tech stocks with more than a 10%... change in after-market trading. ♪
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all the tech stocks with a market cap... of at least 50 billion... are up on the day. 12 low-volume stocks... breaking into 52-week highs. six upcoming earnings plays... that recently gapped up. [ male announcer ] now the world is your trading floor. get real-time market scanning wherever you are with the mobile trader app. from td ameritrade. liz: okay. what are we looking at, david? david: this market, this is an up market. all across the board, nasdaq, forget about it. go right to nicole petallides. this market action is more exciting than anything we could say leading up to it. [closing bell ringing] talk about nasdaq. tech led the way. what turned nasdaq around so powerfully particularly momentum stocks that did so poorly last
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week? >> we've seen social media doing so well. close l. [closing bell ringing] we have breaking news that at&t could strike a deal for directv as soon as two weeks. they're discussing that. >> as we're listening to the closing bell, i have to talk about homebuilders. not just tech but hope builders doing well. go ahead, nicole. >> we're talking about homebuilders and talking about tech. you're seeing a lot of movers here. aeropostale, jcpenney, some retailers doing well in addition to homebuilders. industrials setting new highs as well. david: let's start at the bottom. usually we start at the top, liz. russell 2000, small and mid-sized caps. look at that, when was last time we saw 2 1/2% raised on any one of these indexes. second only i about nasdaq which is a huge gain as well. so we mentioned social media stocks which had been beaten down, getting a real boost today. liz, a lot of stocks, of individual companies doing


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