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tv   After the Bell  FOX Business  April 1, 2015 4:00pm-5:01pm EDT

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the company for quarter for quarter, the way they have revenues, we shall see. david: the bell's ringing on wall street. lot of excitement, the particular stock, that you know the general indices were all trading down. oil doing another one of its thing, getting a big pop today. other indices were down, a bad jobs report from the adp figures, real questions what's going to happen friday. whether we may be in for a downward surprise that could shock all they're preparing for, because on friday, the stock market is closed. they're looking into the future, trying to see what friday will portray. liz: bond market has a half day. we've got a full day. "after the bell" starts right now. a jam-packed market today. let's get to it, we have adam sar han who says investors
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should not buy on dips like this or the one yesterday. he does have a strategy, though, you've got to hear what it is, spectrum management bob phillips upon help investors find the cheapest valuations. and todd horowitz at the cme. mostly a down day, todd, is this worrisome in what do you think is behind it? >> hi liz. hi, david. what's really starting to happen now is liquidity is drying up in the market. starting to lose the volume. volatility remains extremely low, and if anybody was watching overnight, last night the dow futures were down over 200 point. the s&p down 20. they were done on very small volume. very tick for tick, showing liquidity, the buyers are not -- we're seeing the rotation from the buyers buying on the dip to now the sellers trying to take a look. david: got cut you off, we have
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breaking news from inside the beltway. rich edson, go ahead. >> reporter: fox news is reporting that a grand jury is going to indict senator bob menendez of new jersey on corruption charges, stems with his relationship with a good friend of his, apparently senator menendez offered favors when it comes to business when it came to the federal government. menendez had taken flights on his friend's jet. menendez paid back that money and said his defense is he's very good friends. they go funerals and holidays together, the federal government and the grand jury apparently finding corruption issues here as law enforcement issues tell fox, there is going to be an indictment of senator bob menendez, who is a bit of a thorn in the side of the obama administration on negotiations with iran and the opening up of cuba. back to you. david: some wonder whether the indictment and that criticism was related. rich, thank you very much.
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we'll bring you updates as we get them. back to our panel, adam, as liz was saying before,ure not a necessarily a buy on the dip guy. you have a slightly different strategy, explain. >> my strategy is a little different. i like to buy the bounce after the dip. we're in a bull market, it's important to note we're an aging bull, we just celebrated the sixth anniversary in march of 09. this bull market is getting old. primary fundamental bullish back drop is easy money from central banks around the world. so that continues. once you see the market pullback, the s&p is down 4% from all-time high. hit a few weeks ago, that is bullish. we wait to buy the bounce after the dip. david: interesting. liz: bounce after the dip. you got to no matter what when dealing with yo other people's money, you've got to remain supremely focused. bob, focused on what. so many cross currents, everything from when will the fed tighten rates to what's
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going on in switzerland with the iran nuke talks. what is the best way to proceed in an atmosphere like this? >> liz, you stay focused on the broad thing that's driving the market, which is interest rates. as long as rates stay low, which we think they're going, to the market keeps finding a way to move higher as multiples tend to expand. there is so much liquidity in the world, that the central banks have put in relative to debt growth, there is more liquidity than bonds to purchase, now you got the ecb that's easing, and their banks will be selling their bonds, government bonds back to the ecb, taking that cash and buying treasuries for 1%+ yield increase, our rates stay low, and with that and the s&p with the earnings yield 2 1/2 times the 10-year treasury likely to go wider, that the market keeps finding a way to go higher.
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david: todd, one word i heard that you spoke of in the notes you sent to us before, liquidity. a lot of people say too much liquidity. you suggest it's beginning to dry up. how so? explain. >> before we got interrupted, we were looking at the overall action on the market. buy has come to a crawl. if you look at buy from the beginning of the year to now, we're on a slant down. volume has left the market. the big dip buyers are not buying as much right now. volatility remains extremely low, and any market that's going to trade, you need volatility. we're not seeing that, which means it looks like we're starting to get a shift from the dip buyers that the sellers are trying to assume. whether they can or not, i don't know, what i can tell you from being in the business for so long that the sellers are trying to amass control and putting troops on the border trying to take the market the other way. we have low interest rates and the 10 year is going to go to 1.5%. we're at 1.83 right now.
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that is continuing to propel the markets possibly higher. people are tired of putting money in. the risk of the equity market. no matter what multiple it has. liz: wait a minute, bring adam in here, i don't think anybody is tired of putting their money in a year ago, five years ago, apple, remains your picks, adam. how much more upside is there to a name like apple? >> specific stocks apple is a strong undervalued growth stock. we like it a lot. we like to look for earnings that are able to increase earnings quarter over quarter, area over year want and to see valuations that are attractive. the s&p is below historic norms for major tops. every major top in history had a p/e ratio of over 22. we have room to go from a valuation standpoint. apple's p/e ratio is below the s&p 500. it has room to go. they're innovating like no other company in the world,
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have a massive ecosystem. david: on the other hand, consensus is often wrong, bork the consensus is u.s. valuations are stretched right now, that they're not stretched to the break point, a lot of money is going to europe because of that. we had a down quarter, europe had an up quarter, above 20%. is it too late to get on that or room to go in europe? >> david, i think there is room to go. as they enter quantitative easing, it's going to create a tailwind for the companies as they convert international sales back to euros, and you're going to see earnings have very big positive surprises there. there such more to go in europe than the u.s., actually. the u.s. market will keep moving higher. liz: i know todd disagrees with that. at some point, todd, trees do not grow to the sky. are you worried that we're going to see a bigger than a five point correction, the herd
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will get spooked in a big way and be a big cashout in the next couple of months? >> i don't know if i can say the next couple of months. in the future, 100% yes. we're going to have a major correction and possibly another meltdown. we talked about this before, markets go up over time, and you can't get involved with the ins and outs of the daily market. this market is setting up because of the artificial manipulation, because of the socialist views we have taken on the market with the acts of dodd frank and everything tying in the market. the market is getting ready for a sell-off. and 10-15% would be minimum i'm looking for before i would think of coming back here. the truth is we need higher rates, we can't do it now. why? the rest of the world is falling. we need to keep rates low to keep our dollar from going through the roof. a lot going on. liz: todd, great to see you,
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adam and bob, lovely to see all of. >> you thank you. >> the latest developments with what's going on with the nuclear talk. they have been extended for a second day past the original deadline. it was yesterday at 6:00 p.m. eastern when they were supposed to end. secretary of state john kerry is staying in switzerland until at least tomorrow morning. while the iranians continue to drag their feet on nuclear negotiation, are they realizing they're never going to get a better deal than from the negotiators they face. michael baker is former cia covert operations officer. mike, wonderful to see you. >> thank you. >> the iranians aren't stupid. they know whoever follows the obama administration whether republican or democrat, they're probably going to be tough for negotiations and the people they face now. doesn't that mean there's going to be a deal at some point before june? >> i don't think a deal, there will be an agreement to move to another phase of negotiations. this is a never-ending process,
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and from the iranian perspective, it's what they always do, they buy time to continue nuclear program and their efforts to develop ballistic missile capabilities and harden the securities they have for nuclear military testing. so the problem that we're feight facing right now is that iran -- it's counterintuitive, the sanctions, it's hurt their economy, they need this, really need this. frankly it's the other way around. the iranians are doing more leverage in the middle east than any time in modern times, so in a sense, the irony here -- david: let me stop you, the irony is i agree that's true, they're pushing borders all over the place, whether yemen or lebanon or whatever. it comes at a time when the sanctions are hurting the economy. just at the time they're hurt
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most to prevent them from getting nukes, they're feeling great. >> exactly. from their perspective they're negotiating from a position of strength. the person that needs the deal is president obama. and the iranians aren't stupid. they've done well in the past with them, and expect to continue that. so in the sense, their increased influence in the region gives them the ability to sit at table and drop more demands. drop more expectations on that table. david: let me put one out there, this is from one of the chief negotiators for iran. he's insisting, he says we insist on lifting financial and banking sanctions immediately. they want it right away. if we do that, don't we lose any kind of leverage if they do not deliver on what they're promising? >> frankly, from my perspective, the longer we sit
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at negotiating table, the more we give up, and we're basically at point, and again, it's fair to say we don't have the details. we don't have all the inside knowledge of this. so part of this is based on the commentary from people close to the negotiations and reporting on it constantly. it does appear as if what are they discussing now? they're discussing the effort to leave the program in place. not to eliminate the program but leave it in place. i think the white house under president obama has made this decision that we're not talking about no nuclear weapons capability. what we're talking about is pushing that capability so far down the road, that it doesn't impact president obama's legacy and/or at a certain point when they do announce they have the bomb, that the democrats can say, well, it's clearly bush's fault, and expect the american public won't put two and two together. david: mike, we have to leave it at that. mike baker formerly of the cia. thank you very much. >> thank you. liz: another state bows to
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public and corporate pressure from big companies on religious freedom bill. we have the very latest. david: also, our second quarter setup as we kick off the new quarter. what names and sectors should you buy and what should you ditch? liz: with the tax deadline two weeks away, the irs says it is ignoring 60% of taxpayers' phone calls because of budget cuts. what can you do if you need help? fear not. a former irs executive with 29 years under his belt has tips for you. they will help you. he will help you. that's next.. >> for 15 minutes for someone to pick up. >> like bull, i like. >> no, no, no! ♪ ♪ (under loud music) this is the place. ♪ ♪ their beard salve is made from ♪ ♪ sustainable tea tree oil and kale... you, my friend, recognize when a trend has reached critical mass. yes, when others focus on one thing, you see what's coming next.
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. david: looks like arkansas may be following in the foot steps of indiana. liz: arkansas lawmakers proposed a rishes freedom restoration act which resulted in a major uproar, from a whole bunch of corporations including the state's largest employer, walmart. rich edson has the latest. you saw sending a letter to indiana's governor saying do not do this lauchl it's not a good one. >> reporter: the backlash from the business community in the
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case of indiana and arkansas is somewhat monumental here, moving governments to change policies, certainly moving governors in that direction, inciting conversations with businesses and opposition from his own son. asa hutchinson is refusing to sign the law. asking lawmakers to narrow its reach. supports or say the law protects businesses against violations of religious beliefs. opponents say it gives businesses the ability to claim religious opposition in denying service. the white house has jumped on this issue. >> that law could justifiably or could be used to justify discriminating against individuals because of who they love, and that certainly is not consistent with the values that the vast majority of americans subscribe to, and i think governor hutchinson is
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obviously responding to the outcry. >> reporter: and in indiana, governor mike pence is asking state legislature to revise a similar law he signed last week. that prompted businesses to threaten to terminate expansion plans in indiana. local officials from new york to california are banning official travel to the state, while the law remains in effect. david and liz, back to you. liz: thank you very much, rich. david: despite the growing protests over indiana's religious freedom restoration act, tickets keep soaring. if you're planning to attend, if you're one of the lucky ones, dig deep into your wallet. fans have to shell out an average of $1833 to watch duke take on michigan state followed by the probably more popular kentucky v. wisconsin game saturday. that is the highest price since 2011. the cheapest price for a ticket to the games, $659. the most expensive ticket up
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for grabs right now is $4600. liz: will they sell? that's always going to be the question, right? as the april 15th tax deadline looms, you may be finding it harder than ever to get a simple tax question answered by the irs. here's the deal. the irs, this is shocking, is saying that service has gone the so bad that the organization is ignoring more than 60% of taxpayers' calls. what should you do if you're a taxpayer and need help? we're bringing in mike sullivan. the founder of fresh start taxes. former irs officer, trained agents, did undercover work. we love you're here. people looked at this and got angry at the irs. this has to do with budget cuts. they cut the head count by 13,000 between 2010 and 2014. the fact still remains. phone calls aren't getting answered. what should people do? >> first of all, irs should be called internal revenue.
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service part isn't there anymore. it isn't the irs' fault. it's the federal government and not funding them. what's amazing most of the revenue from the country comes in to the internal revenue service and to not have that is not good for the economy. there's no such thing as taking cuts with the irs. you've got to wait in line and you've got to be ruthlessly patient to get to internal revenue service, and analytics will show you that monday is the worst time to call after a holiday is the worst time to call, and it's easier to call on a wednesday, thursday, friday, but really patience is the key to getting through, and can you expect a 30-45 minute wait call in calling the irs, and got to hope on that call that person isn't burned out and is happy to speak to you. liz: yeah, i sympathize in many ways here with the irs, because they are overworked, and again,
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they are the one agency that b yet they're getting cut. so that is beyond it. but you also say don't go to the local irs office. why not? >> first of all, they're probably not going to see you. there are so many regulations to walk in, what you can bring in and what you can't, and there is test programming going out. they're going to actually close some of the local offices. as a matter of fact, they're thinking of closing the walk-in section in the ft. lauderdale office down here because there's just not the manpower. people are angry and the refund fraud is driving internal revenue crazy. so the only thing you can do is take your medicine. you got to call, you got to be patient, and you got to know if you can speak to them before 30 minutes. you got a bonus. liz: just going in knowing it's going to be 30 minutes. aside from don't call on mondays. what is the best three hour window for people to call other
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than a monday. what is the window? >> i would say the window is from -- if you're on the east coast, from 5:00 to 8:00. that's the best time. and you got remember to, people are calling just like you, early in the morning or late at night are probably the best times, you will probably get through knick -- quicker. i worked there a number of years, it's a really stress job, and volume numbers are high. have a good attitude, and like i said, take your medicine. liz: mike sullivan, fresh start founder and a longtime employee of the irs. we're going to put all of your suggestions on our the bell page. 15 days and counting before you got to get the taxes done or file an extension. david? david: the medicine i take before i tock to the irs is a bottle of whiskey. i have trouble talking to the irs. the dow was down this quarter, but the nasdaq and the s&p
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scored ninth straight winning quarter. can they make it ten? where should they put your money and you, too? apples, blockbuster iphone 6. early reviews, particularly one in the "wall street journal" say samsung's new galaxy might have what it takes. a face-off coming up. and the president's plan for u.n. climate change is met with big opposition, some say it could be disastrous with our economy. are we saving a killing? the economy. more on that coming up.
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. liz: mcdonald's announcing it will raise pay by more than 10%. the pay for the average hourly worker will top $10 an hour by the end of 2016. the stock on that news started to fluctuate ending down 1.01%.
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david: the market was spooked with numbers on jobs and manufacturing, concerns about the march job numbers on friday. does it feel like we're coming into another down quarter for the markets? the dow is down. we have todd horwitz with us from the cme, mark is intrepid's president. and cheryl casone. marks wasn't a good day today. >> i think we've been through a bullish period. the last five years the s&p annualized north of 15%. to see some selling, even like the last two days is not surprising, you know, whether that's a foretelling things to come in the second quarter, it's hard to say. david: cheryl, the key is whether what happened last year, that is the down quarter because of the weather is going to happen this year. some people say we may get a sign of that on friday. >> you might get a sign on that for the jobs report, yes, that is going to be an issue.
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the freezing cold temperatures in the northeast, where we have a big chunk of the population is located in filly, d.c. and new york is an issue. as far as the quarter goes for earnings, depends how you phrase the word and what you think down means, all the estimates are lower. the companies are talking we beat the estimates, sure you did, because they were lowered five times. >> todd, what do you think? . >> i think cheryl is right. it is time to rotate out of the biotechs into the energy and the mlp's, rig pays a 20% dividend. i know it's higher risk, at 20% risk, why would you not be involved in energies. rotate out into oil or gold, something like that. david: mark, so many people are in risk. should they get out? >> well, at intrepid capital we're trying to figure out what the business is worth and where
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the shares trade in relation to the worth. the question i ask viewers to do is what is the business worth by the ticker symbol if they can get a rough approximation and limit or eliminate the overvalued securities. biotech is a place to look. david: people are saying that is overvalued. details of president obama's sweeping new blueprint for greenhouse gas reductions have been released. president obama says the measures help save the world, critics claim it could kill our economy. cheryl, we've got a 28% reduction in carbon exhaust over the next ten years, that's what the president is calling for, how would that affect our economy? >> well, just watch more jobs get taken away from the economy. especially with the coal industry, they're struggling to make, the epa is saying you have to do x, y, z and the coal companies are saying we can't do, it b, it's going to cost too much money. we're seeing plants close down.
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that hurts towns and of course the workers who are losing their jobs. you can't snap your fingers and say hey, i'm going to fix the environment and not think about the long-term consequences, that's unfortunately what the administration and the epa didn't do. david: it's possible over the next two years while the president can pull out the executive orders? >> you know, he's already ruined one industry, which is the coal industry, and trying to take the energy. we know one thing for sure, big oil has a lot to say what's going on in this country. i think he's not the person to get it done. if he does it, it will destroy the economy. what we should be doing is working on these things and planning forward, getting them ready to install. not try to do it now. he wants to take another industry and flush it down the toilet. that's what he done with coal. david: it has been disastrous for coal, mark, is this worse for the coal industry than what we already had? >> david, don't get me started. i think the real question is
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what percentage of our energy production electricity comes from solar and battery. >> 10% at best. david: you are being generous. >> that's a 10 x multiplier. it's more like 1%. the next question is what percentage of electricity generation comes from coal. for them just to wave their hand, to me, there's a direct correlation between btu consumption and gdp growth. i can show you a chart that proves that point. for us to say we're going to unilaterally without congressional approval reduce btu consumption by 25%. let's raise the minimum wage to 25 bucks and see what that does. it's preposterous. david: i did get you started on that. i'm glad i got you started on that. >> david, to answer his question, it's almost half of energy comes from the coal.
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still comes from coal. >> up 24%. david: tim cook says he can't do business in indiana, why is he doing business in saudi arabia. where the rules against homosexuality are through the roof? and will samsung's galaxy s 6 beat apple's iphone 6, liz. liz: forget invasive exams and having to drink the horrible stuff for a colonoscopy. what if the leading tests for cancer was swallowing a pill that had a trojan horse in it. we're talking to the ceo of the company making it next. an nfl player suing one of the largest banks saying he was swindled out of millions. we've got the story. how about 0 to 60 in five seconds? how how fast the jaguar s 5 can go, we've got it from the auto
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. david: breaking news on kraft food, since the deal with heinz. the c ftc charged kraft with manipulation of wheat futures and cashing on wheat price. it hasn't affected the stock at all after hours. maybe a little tick, not much at all.
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we'll have to watch that tomorrow. c ftc charging kraft foods with manipulation of wheat futures. we want to talk about apple, tim cook says he can't do business in indiana with the new law and that has prompted comments from george will who said the following last night on fox news. >> there is nothing more tiresome in modern american life than the indignation sweepstakes to see who can be most angry about this and that. tim cook, as was mentioned, the ceo of apple as peter ducey mentioned in his piece thinks indiana is a horrible place. he opened marketing and retailing operations in saudi arabia two months before a man was sentenced to 450 lashes for being gay. the selective indignation is wonderful. david: think about this, apple says no to indiana, but yes to saudi arabia, where they whip people for being gay. does that make any sense?
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>> me? david: todd? >> yes, i'm sorry. yeah, i apologize. listen, saudi arabia, as a business decision, we make decisions to go where we're going to put our plants and manufacturing, and as for a business decision, we're not going to go to saudi arabia and change the culture. indiana is trying to change the culture of the united states. david: you're getting off on something different. cheryl, is apple doing the right thing. no to indiana and, yes to saudi arabia? >> it's a good business decision. >> i think it's apple's choice to make. and i think tim cook as the leader of the company spoke up and said we're going to make a stand. obviously, apple does business around the world. bad things happen around the world. human rights violations, i could go on and on. apple has to stand for something, and i applauded tim cook for standing up. david: of course, mark, that's not the point. the point is they're doing business in saudi arabia, i don't think anybody would applaud them if they have a
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beef with the way the laws with homosexuals around the world, why are they dealing with the saudi arabians? >> david, first rule i would have is never to argue with george will. probably one of the best informed people i've seen or heard. to me, from what i can tell, it's surprising how much hullabaloo it generated. this country was founded on freedom of religion, certainly we're a tolerant society and continue to be, and we've also got the first amendment, which is the right to free speech. and i'm just surprised by all this. i think that it's overblown in my view, particularly mr. cook's perspective, in light of what's going on in saudi arabia and elsewhere. i think we should, as americans, put this all behind us. david: todd, you're shaking your head. we have to move on. staying on apple, samsung's new phone got a rave review in the
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"wall street journal" claiming it on par with the iphone 6. will the galaxy fade in comparison to the iphone, what do you think, cheryl? >> i think around the world, samsung does better than the iphone and apple. going to the global story about apple. yes, in america, we love our iphones, honestly, samsung, in asia it is hugely popular. i would never discount samsung, and a lot of americans love it as well. david: mark, we hear about the new samsung product until time goes by and you realize the service of apple is unbeatable, right? >> let's hope so. mr. cook, i am an apple user, so thank you. samsung looks like it charges a little bit quicker, and a little bit bigger screen. that's the problem with investing in technology is the changes happen so fast. for me, on a land line, i still have a rotary dial. all kidding aside, i don't know a lot about the different phone technology. >> david, david, i can tell
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you, i have both, babe. i have both. david: todd, quickly, we have literally run out of time? >> i'm switching to samsung, i think they finally caught up to apple. samsung and i'm switching to samsung now. david: thank you, everybody. todd, mark and cheryl, good to see you all. liz: samsung is going to love to hear. that the invention that could be changing the future for cancer screening, imagine skipping the colonoscopy prep, the stuff you have to drink, to a simple pill. with us the ceo and how he's doing it next. the ford f-150 shine and much later why. not a jaguar, unveiling redesigned xs sedan, lighter than ever. we get a quick look from the new york auto show live. can't miss it.
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. >> four men and a beautiful girl off on a fantastic voyage, actually entering inside the human body. exploring an unknown universe. liz: that was so forward thinking back in the 60s. fantastic voyage, well, it's
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science-fiction no more. and one company has the product to prove it. check cap has created a small pill that when swallowed generates a three-dimensional image of your colon as it passes through the digestive tract. which might completely change the way doctors screen for certain cancers. joining us is the ceo. hold that thing up, show our viewers, inside is a tiny camera? >> actually a tiny x-ray sonar, what we do is take images of the colon as the capsule moves through the digestive system. only swallow the pill. there is a patch attached to the back of the patient. the pill goes through the digestive tract and takes images that are creating slices which are connected together to form it. liz: you can see everything? the whole issue is the colon is it is very long and there are
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tiny microscopic polyps that could be cansrous and it can see through everything? . >> the key is to find the polyps that are larger than 10 millimeters in size. they have 10% of become cancer. that's what we're looking for, creating high resolution images that are able to see the significant polyps that need to be removed and that's what we saw in all clinical testing to date. liz: colorectal cancer is the third leading cause of cancer deaths in the united states, but a lot of people avoid the first colonoscopy, they're scared. they don't want to drink the stuff that tastes horrible. >> right. liz: you're saying you don't have to drink that. you drink a little substance? >> only a small amount of contrast agent which is iodine, and it basically colors the stool in a way that enables the capsule to differentiate between the stool and the colon. liz: sorry, prior bowel cleansing with the jugs of
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stuff. >> the number one issue for colon cancer screening. liz: okay, so that's not here yet in the united states. it's being tested in europe. when do you expect it will be at least looked at by the fda and hopefully approved. >> clinical program in israel and europe, start the program in the u.s. next year, and we are hoping to submit the requests for fda commission in 2017. liz: how much would it cost compared to the regular colonoscopy. >> it is designed to cost less than the traditional colonoscopy. we believe insurance companies are going to encourage patients to screen. it is not only deadly, it's a very expensive disease to treat. insurance companies understand the need to bring more modalities to market and screen people for colon cancer. it not only saves lives but saves money to the health care system. liz: don't do it.
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that's really expensive. this is it. watch this company. check cap. fascinating stuff, thanks, guy. good luck to you. i won't drink this just yet, it's in the development stage. fascinating, right, david? david: sign me up, much better than a colonoscopy. jeff flock live at the new york auto show with a look at a powerful and beautiful new car, jeff? >> lots of things better than a colonoscopy at the new york auto show, why you should think about aluminum stocks. this car may hold the answer. i'll have the story when we come back.. >> i'm gerri willis, coming up on my show at the top of the hour, the world's biggest retailer making big moves. will it mean lower prices for you? that's one of the big stories coming up on "the willis report" in just a moment. you can't predict the market. but at t. rowe price, we've helped guide our clients through good times and bad. our experienced investment
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we're reinventing inhow we do business, so businesses can reinvent the world. from pharmaceuticals to 3d prototyping,
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biotech to clean energy. whether your business is moving, expanding or just getting started... only new york offers you zero taxes for 10 years with startup ny, business incubators that partner companies with universities, and venture capital funding for high growth industries. see how new york can grow your business and create jobs. visit liz: luxury cars make up only one 10th of the auto sales but they mack up half of industry profit. >> jaguar making a big bet. developed the first new car since ind's ta t-notetores took it over. jeff flock with the first look at jaguar's new luxury sedan. >> the xf. joe is pretty excited about jaguar mortgage nerc.
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this is, what percentage aluminum is this, by the way? >> this is the third sedan of all aluminum sedan with jaguar. we have 75% aluminum and other high-tech materials. over the thames on a wire? >> not this exact car but did that about, four or five days ago. we did that really highlight to way -- >> weight you've taken out of it. >> took about 80 kilograms. on all wheel drive a little more than that. that is quite remarkable. about 200-pound left. >> exciting to have a new model continues tata. this is the first one. >> we have actually completely redone the jaguar lineup. the xt is our mid-sized sedan. we have the in the corner the xe which is compact sedan. xj are built on all aluminum platform. >> get to auto sales.
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actually you had a pretty good month. combined jaguar land rover up 36%. >> absolutely. we did well with, land rover we had 54% with land rover. >> speaking of which. this is called autobiography. >> that is. land rover, range rover, sv auto biography. top of the line range rover and most powerful and expensive range rover. >> pushing 200. >> $200,000. >> oh, baby. first two-tone suv you have ever done. that style is there. >> new york is the biggest market for range rover and range rover sport. fitting we show this car here. 550-horsepower supercharged. two-tone paint. very craftsmen. very special. >> only making a handful of these? >> yeah. we have history of limited
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edition autobiography cars. typically a couple hundred. but they're very, very limited. >> wow. real focus, guys has been on luxury here. often that is the case in the new york show. but i think more so than ever before. i mean you have the new lincoln continental out there, cadillac, a lot of suvs. a lot of people think there is a lot of money out there to be made. >> we happen to agree with that i think it is a good time to be in the luxury car business. we have two fantastic brands, brands, nicely delineated give customers a bit different than what they get otherwise in the luxury market. >> joe, good luck to you. appreciate it. back one more time in the next hour, talking to mercedes-benz. >> geraldo rivera saw your piece on lincoln. he will buy a lincoln instead after bentley next time. you sold one. >> cheaper, that's for darn sure. liz: i love the sparkle there. >> seven-time pro bowler dwight freeney is suing bank of america
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alleging it swindled him out of $20 million and forced him to close his restaurant business. maria bartiromo had a chance to speak to him about this. part of "fox business rewind." >> i worked hard for my money. i didn't want to be another statistic where athlete doing bad thing not putting their mon in in a safe place. bank of america recruited me. he trusted the bank. decided to put my money there. you know and in a few years later, found out that the started to steal my money. they lied. they ripped me off basically. they cost a lot of good people jobs. some of the businesses i had, i had to let the people go. >> we're doing great job from cash flow perspective. investors recognize that. that is why you saw that, pricing over the range, and, the activity. liz: godaddy. did you see the jump by the end of the session. up more than 30%. >> best to bob parsons, guy who
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founded godaddy. semper fi, brother. >> after-market holding steady for godaddy. >> time for "the willis report." stay with us. liz: have a great night. >> hello, everybody, i'm gerri willis. this is "the willis report," the show where consumers are our business. we're deep into tax season. so why is the irs ignoring our calls for help? the world's biggest retailer has a plan to give you big savings at the checkout but can they beat amazon and target prices? for better or worse, and in debt? saying i do mean marrying your spouse's college loan debt? "the willis report"'s money coach is here with the answer. major reversal in arkansas. why the governor is now refusing to sign the state's religious freedom bill. >> this is a bill that in ordinary times would not be controversial but these are not ordinary


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