tv Making Money With Charles Payne FOX Business April 30, 2015 6:00pm-7:01pm EDT
tattoo ink is opaque, light sensors can't penetrate the skin. that is it for tonight's willis report. thanks for joining us. "making money" with charles payne is next. ♪ charles: breaking news, crowds are taking to the streets and multiple protests beginning in numerous cities. in fact, so far tonight, we'll see protests in philadelphia. baltimore, and cincinnati. right now, this is a live scene in philadelphia. some interesting signs. america with 3k's in th three k. a lot of signs. a few mentioning freddie gray. a lot more planned for tonight. we'll monitor the situation throughout the show. we'll keep you updated. up first, continues to be hammer time in the stock market. woe to those companies with any missed cues. is any stock safe? the index held above
17600. that's a critical technical support area. the nasdaq it also held around its 50-day moving average. it remains on the strong up pattern of higher highs and lower lows. stocks from twitter to yelp crushed big time. not just the high fliers. normally whirlpool hit hard for misses and subpar guidance. now is entering into a period where no news is good news. consequently fear is creeping back. what are your downside risks? we'll discuss it with with the panel. first, with nicole at the new york stock exchange. let's find out what the traders think on the pulse of floor. nicole: charles, absolutely. the pulse of the floor is that you're absolutely right. there's a sense of
skittishness. the vix jumping today. it was one of those off days. sold off on everything, on some heavyolume. said, nicole, they want to sell them. they're stepping in and doing that. people aren't looking for rate hikes. that can't be a reason for selling. big movers. yelp sell-off. apple sold off today. colgate sold off. taser was a winner. we'll give you that. but russell 2000 is something that our cash at uvs is watching. down. the transportation index. those shippers in particular. we lost everything. charles. charles: i know it was a hectic day there, nicole. thanks a lot. i'm charles payne. you're watching "making money." let's talk to our investment pros. clint is here. jim frischling. newoak capital back with us. hilary kramer.
matt mccaul founder of penn financials group. and from chicago, steve cortes joins us. guys, let's dig into the first real, real deal. the broad market, despite today, holding up okay. it's the individual names. that's where the carnage has been absolutely remarkable. certain sectors, maybe too expensive. maybe there's a deeper message beneath the surface. what do you think it is? >> in the business, we call this dispersion. there's a lot of disparate outcomes. some sectors, particularly high flex are getting killed. consumer-related. housing. anything biotech-related absolutely killed. some things doing well. energy, crude oil, new high for the year. energy was barely down on the day. on account of an aggressively down day. by the way, listen, i've been negative on the market. and i'm still fairly cautious about the market. let's also not get carried away. the s&p right now is only about 2% from
all-time highs. it could get that back in two hours if we get any kind of good news. again, i'm cautious on the market. i'm not trying to have it both ways right now. but i'm just saying, let's not overdo the carnage. charles: there is some carnage. we'll go deeper on energy. those stocks were up huge. i want to go to you, matt. here's the thing, i guess to a certain degree, investors have been spoiled. another part of it is this sort of common sense or intuitive feel that sooner or later, we'll have the big one. matt: yeah. charles: these days the big one may not be 20% or 10%. we're so spoiled at 6% correction. it feels like the end of the world to people. matt: the people out there. they're spoiled. this 2% corrections feels like a 20% correction to them. at the same point, they think the market should go up. they think the market is ready to crash.
it's a bit of manic. we're seeing individual stocks either skyrocket up or be back. people are overreacting to the upside and downside. these are creating great opportunities. charles: sometimes the fix is in. steve mentioned good news of the market being up. i can't imagine any news other than apple. it opened higher. straight down since then. great news that the greatest company of the world can't lead the country higher, what could? hilary: everybody needs to stop searing. to some extent, there's that overall sear. the investors, the hedge funds, they went in deep. to them, a 10% loss is a 20%, 30% loss. yelp did poorly. we're out of it. nokia, margins weren't great, let's dump that one. but the companies that do well -- everyone should know that,
lusotika hit a high. charles: i happen to love these reactions. i know it hurts like hell to be in a stock that's down 15, 20% one day. opportunities are starting to develop across-the-board. i want to ask the panel. not necessarily tomorrow, but what's at the top of your buy list. matt: carnival. peg ratio below one. charles: you like those. buy on dips. >> ino. as well as wynn. wynn cut its dividend. i like what wynn did. the stock got slammed. charles: they're getting absolutely crushed. sooner or later, it will turn. >> kraft. the profits got hit by 16%. stock came off a little bit. let's not forget, they entered the biggest merger with heinz.
they have eight or nine brands worth over a billion dollars. charles: how much real upside potential is there? >> the brands they have when people value how these -- again, they have mult multibillion-dollar companies as brands. the market will get more comfortable with growth stories. they're looking for value here. charles: that stock, steve mentioned consumer. jim is talking consumer. you deal directly with the consumer. can they step up to the plate? will they? >> i think kraft and heinz have the buying power to be able to make this work. but it won't come from just an increase in value. they'll have to bring prices down to make it work. charles: that's the only way they can compete? steve cortes, give us a couple of names. not for tomorrow, but at the top of your buy and dip list. >> right. i think the lesson of april, by the way, a month end, whatever worked in quarter one didn't work in april. and vice-versa. so energy, which was absolutely left for dead is lazarus now. and i love energy.
xle. the entire sector. charles: right now i have a lot of names. buffalo wild wings and harmon are two i would love to buy on any weakness. the department of defense confirming that navy ships will be accompanying us flag vessels that travel through the strait of hormuz. after iranian forces detained a ship a couple days ago. peter is live with the latest. peter: after iranian ships surrounded a cargo ship in the strait before backing off. the us says it's harassment and testing by the iranians for the saudi-led campaign in yemen backed by iran. iranians are detaining that cargo ship which is flagged in the pacific nation of the marshall islands. it has a long-standing agreement with the u.s. the iranians say they're holding the cargo ship because of a decade-long legal dispute with the
danish shipping company maersk. the pentagon has a clear response to that incident. a defense official told fox news. the move is the latest development and a high-stakes chess match in the region with the iran nuclear talks continuing to play in the background. they dispatched a missile destroyer to help keep shipping lanes open. the defense official says there are three us flagged cargo ships expected to go through the strait in the near future. back to you. charles: thanks a lot, peter. appreciate it. protests continue tonight. spreading to more cities. crowds are growing big. take a look at this. by the minute. philadelphia. cincinnati. washington, dc. baltimore. we are going to bring you the latest breaking details when we come back. ♪
charles: protests growing in multiple cities. philadelphia. baltimore. cincinnati. and many more. we'll continue to fill you in on all of them. we'll discuss obviously baltimore a lot more. it's an amazing story. biggest story of the week. rob wheeler. former dci homicide detective. looks a lot more comfortable in the studio tonight. dave katz. civil rights attorney paul. psychologist rabbi. thank you for being back with us. hilary still on set as well. i want to start with you rod. you've seen this firsthand. you understand the emotions. because i don't think pictures, as dramatic as they've been truly capture what's going on there. >> you're exactly right, charles. (?) good evening to you. i can tell you, the people in the city of baltimore as well as these other cities where we see the protests begin to brew. these people are
frustrated. right, wrong, indifferent. they're frustrated. why are they frustrated? i've been thinking about this when this story in baltimore first broke on monday. the primary reason is because the city of baltimore, the officials failed to properly communicate information to people. so when you don't communicate to people, what's going to happen is you'll have the crisis. we still don't know, charles, if you think about it, it's been three weeks since mr. gray's death. we don't know the cause of death. that's unacceptable. that's why we see what's going on in baltimore and these other cities. charles: also, to your point, not only has the police been extraordinarily slow on this, but now all kinds of different things are being reported. you know, the washington post story that perhaps gray inflicted injuries on himself that led to his death. you know, i don't see how this will make the situation better when we get the official announcement. >> well, it's not only that. if you think about it, not to beat this mayor
up, but i have to be honest about this this, she's come out and said things that actually hurt the whole situation than helped the situation, including the fact, charles, that she did, in fact, tell the cops to stand down. now, we've already talked about that a lot. she should have simply came out and told everybody that she made a mistake, and that's what she told the cops. she didn't do that. that only added fuel to the fire, so to speak. charles: hold on. i want to bring in paul. because you're a civil rights attorney. this has become one of these things that's become a major civil rights issue. but what happens, because we've seen sort of expressions of anger. violence. looting. rioting. a couple peaceful protests in the last year or so. as this unfolds. what happens if something like this story out of the post turns out to be true, and perhaps freddie gray's demise was at his own hands and the police are exonerated at least
legally. do we start to say, hey, guys, maybe we should wake up. maybe we shouldn't initially point fingers. maybe we shouldn't demonize the system before it works? paul: well, it should change the narrative, charles. but i don't know whether it will obviously. people will hear whatever they want to hear. they'll take positions based on emotion rather than fact and law. if it comes down that this man harmed himself for whatever reason he may have done so, whether we want to believe it or not, if the facts point to that, there are still people that won't accept it. ultimately it will be problematic. that's the way they'll go. >> dr. ravi. now, we're hearing more and more from various people, whether president obama or others, that this is an economic situation. so it's okay to a certain degree no matter what hono matterhow these folkso it. they've been put so far behind the economic eight ball. they should look the other way no matter how
they express themselves. >> i just don't understand that kind of explanation. does poverty make things more complicated? yes. is it an excuse? absolutely not. i mean, does it contribute to the frustration, the anger, the feeling disenfranchised? absolutely. and we do need to look at that in order to understand what's going on right now. but to say it's okay. to have an excuse, that's a ridiculous argument. charles: but you deal with people, with ridiculous arguments and -- i mean, listen -- >> i deal with people who have emotions -- charles: the human psyche and emotion, you don't connect logic to them. how do we address something like that? how do we address illogical behavior from a logical point of view? >> if we look at poverty, people who are in poverty and feel frustrated that they can't be treated fairly in the system, they're going to -- charles: how do you speak to someone who wants to lash out because of that circumstance.
>> you have to look at why they want to lash out. are they feeling hopeless, helpless, worthless? that's a clinical kind of depression. people who are depressed and feel they have no options sometimes get angry, frustrated, and act out. so we need to understand and address those issues from an emotional standpoint. charles: david, protests are much more organized. you see the signs. although the signs are incendiary, a lot of them. we'll see how it goes tonight. the more it spreads out to, the greater chance of something going wrong. not by design because of more interactions. what happens, do you think, when the official report comes out if somehow the police are exonerated? if somehow the police aren't held liable for the death of freddie gray? david: well, you'll see an explosion of violence. one, why did it take this long? if that, in fact,
happened, that should have been in the incident report. should have been documented in the hospital. should have been put out there ear early, early on. we still have people thinking that michael brown was holding his hands up and shot. some people say i don't care. no matter the facts. in this case where there's been a shroud of secrecy, it won't make a difference. a lot of people will be acting out violently, i think. hilary: still we need to take this situation, michael brown, take all that's happening, and take a much deeper look in our country and is as ask for our leadership to make it an actionable moment. it's sad. pathetic. charles: what part? i want to agree with you. different parts. hilary: the disenfranchisement. the fact in 1968, their were riots in baltimore. we should have riots in
2015. something that is still so fundamentally broken down. what will happen is, the only positive i see coming out of this is that we'll have a change of leadership. we have an election year coming. that maybe we'll start to make changes with social programs. it starts with education. charles: ron, i have to go back to you on this. earlier you didn't want to pounce on the mayor who had taken a lot of hits. but i think rightfully so. from the police point of view, what can the police do to sort of change their image? again, the bumbling of these things. in ferguson, they rolled out the tanks too early. i'm all for police having heavy armament to be honest, but you have to use it in a right way. >> right. and i think the police has a lot of soul-searching to do in and of themselves. i want to comment on something one of the guests talked about. charles, she talked about leadership. that's exactly what we have not had the past eight years. in maryland, look, i
live in maryland. i live close to baltimore. martin o'malley was the governor for eight years. these people in west baltimore that's rioting today. then you look 2 miles away, you look at downtown baltimore. there's a huge disconnect. the good news is. there is good news out of this. the governor now. governor hogan has been on the scene the past few days. he just got there. when she talks about leadership, that's what voters need to look at going forward. if you want to avoid these riots, look at the people running your city. charles: before o'malley was governor, he was mayor of baltimore. go figure that. he's running for president. hold on, breaking news. crowds take to the streets. multiple protests in many cities. so far the protests in cincinnati, baltimore, washington, dc, philadelphia. many more planned for tomorrow. we'll monitor the situation throughout the show. of course, we'll keep you updated. ♪
♪ charles: breaking news, protests continue to grow in multiple cities tonight. some scenes. baltimore, philadelphia, cincinnati, and many more. and as they begin to grow, as you know, we'll keep you in touch with them. we'll let you know what's happening there. we want to bring the conversation back, and let's talk about some of the economic damage that's been done. now, i always say, listen, it's much more than the replacement cost. you can replace the cvs. you can replace the mall. in the past, the damages lingered for decades. and making -- actually you can almost say that the rubble from these fallen buildings was actually piled on the very people in those neighborhoods, making their lives even harder not easier. you've seen this before. >> look, is cvs going to go in there and build another building.
borrow, when it won't have an amortization, if this happens again, which very may well. it's not a good investment. it leaves the people in the community without the resources they want and need that they have to travel for. it does no one any good. >> feeling more hopeless and helpless when you look around and see this environment that wants growing. that isn't offering opportunity. those are the right feelings to have. and if it makes you angry, those are the right feelings to have. now, that isn't an excuse to behave in a criminal way. the fact of the matter, some people will act out in those ways. >> and the jobs will disappear. not just the jobs at cvs. it's all the answer i the an ciy jobs. >> we talked a little during the break, dr. ravi, and we said, okay, the hands up don't shoot narrative proved to be wrong. (?) it's still promoted by a lot of people. a lot of people from the
congressmen. to the rams. a lot of people failed to acknowledge this is wrong. and the idea that we pounced on it made it worse. no one is apologetic for it. if it was at the hands of the police, is it in folklore? >> it's almost irrelevant. these are myth i can mithic. figures. their lives were put at risk. the fact of the matter is they are symbols of what's not right with the system. (?) that's why these stories live. they're telling another story that may be true. charles: we have mike baker on the line. former cia operative. mike, i want to ask you, today the police hand over their -- all the evidence they've gathered to a prosecutor. obviously, we should all be sort of waiting for something to happen soon. some sort of
announcement. indictment. maybe no indictments. what should the law enforcement community be doing so that when that announcement comes out they're not caught flat-footed like the day of the funeral. mike: they need a clear and direct line of communication and protocols in place with the city management. they have to understand exactly, you know, in crisis management planning. that's what this is. what steps do they follow under what condition? once they get all that laid out. once they identify what they're doing. then they should be doing what they're already doing. working with the community leaders. getting them to do everything they can to sort of, you know, diffuse the situation in the event of a problem when the announcement comes out. they need to get the message out to the community. charles: i have to jump in. i don't know who the community leaders are, per se. i saw the mayor of baltimore hanging out with al sharpton. i hope he won't be the
community leader that tries to solve it. everywhere he's gone, he's left a trail of rubble. like the fall of the as the aztecs. the fumes of his -- >> right. you don't deal with people like al sharpton coming in there and doing it for his own agenda. that's clear. that's absolutely right. who do you deal with? you deal with the people we count on. the pastors. the church leaders. (?) you talk to, you know, the heads of the schools. the principals. you talk to the people who actually have contact with all those individuals. not -- you know, race baiters like al sharpton looking to do this on his own dime so he gets benefit out of it. you have to work with what you got. yes, it sometimes can be -- it's a little touchy-feely when you talk about community policing. that's what's needed here and going forward. obviously some communities do it better than others. where you have more
respect. charles: right. >> there's only so much you can do from the operational side. and the intelligence side. monitoring social media. doing all that. the big push here and what really addresses the big 30,000-foot issue is, again, community policing. charles: i'm glad you brought that up. i've been a fan of community policing. i like a beat cop getting to know the neighborhood. i love the idea of, you know what, sometimes people are afraid. when you live these dangerous neighborhoods. if someone was selling drugs in the lobby, you don't go and just -- you have a way of telling the neighborhood cop without putting your life in danger. like, hey, ought t, you know what, maybe swing around in the morning and night. they know your mom. they know who you are. and they can -- they can instill a sort of authoritative figure that can maybe ought to be , i know we'rein a politicalt world. i love it when a cop can grab you and say, that's
dumb. don't do that anymore. i like the community thing where the cop is part of the community. >> the problem is, most police officers in communities, who are they interacting with? with people that are doing wrong. that's the unfortunate part. the people who got out in baltimore who made a line in front of the the police, protecting the police in effect, those are the people we should interact -- i'm not so sure you're talking to community leaders, unless they're regular people who understand, hey, this is our police force here for our benefit. by the way, stopping a violent demonstration is not difficult. it's only difficult when people don't make decisions. in this city, you'll have undercover officers in the crowd. officers ready to respond. the second a peaceful
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charles: and they're off. it will be a huge weekend in the world of sports and entertainment. in fact, it could be the biggest week ever economically. driven by a 200 million-dollar movie. a 200 million-dollar boxing match. let's toss in the nhl. the nfl draft. and it's a sports lovers dream. but it can be an investors dream. disney's stock has been on fire. up 239% since they folded in december of 2009. not to be outdone, churchill downs, shares up 216% over that same period of time. huge week for sports. here's the question though, does it hint at a buoyant economy? some ways it's the
antithesis in history. when was the biggest movies in history. gone with the wind. great depression. maybe a good sign for the economy. maybe we want to drown our mixers. miseries in. let's talk about it. >> i will be watching all of them, by the way. between the spectator sports and coaching my own kid, i'm not sure i will get any sleep at all. it's exciting. a lot of fun. i'm in chicago. the draft is happening here today. i will tell you the town is definitely abuzz. this is going to be the 20th anniversary of me not getting drafted. it hurts every year. but i still don't think i'll hear my name called this year either. so, no, listen it's exciting. it's exciting for america. it's a rite of spring. i think there will be a lot of money spent this weekend. charles: radio city is one block from here. (?) the traffic jam last
year was a nightmare. an hour to get two blocks. you can have the draft this year. how are you feeling about it at all? is this a good reflection of the economy? record-breaking movie. record-breaking boxing event. >> i think selectively, i think the content is important. that's what this highlights. look at the importance of live content if you want to make money. you won't dvr this. you won't cut the commercials out. these are the kinds of things, the fight, the derby, these are things that people need to watch live and on time. charles: clint, you do business with your peanut, butters and all the baseball teams. (?) >> that's right. the draw to sports is a big thing for us. we love people excited about sport. this amount of options is great. charles: will you watch any of them? hilary: sure. i want to watch the fight. nothing derby. but the fight. it's so interesting. it goes to show that
content is still king. and live content is still king. that's what we like. whether the 1930s or now. we love the diversion of being engaged in sports. charles: we saw joe louis and then gone with the wind. (?) people when they left the theater, they were flat broke. is there any correlation? matt: i think it's a positive correlation. now that wages are going up a bit. more people getting jobs. you don't buy a car first. go to restaurants. take kids to sporting events. a movie. this is a first step in the consumer coming back. >> there is a parallel. charles: we had the personal consumption and spending numbers out. i'm not telling the audience anything. your income was flat. it was 00. that was the change on it. your spending went up, but the savings went down. people are spending, but maybe at the expense of savings. not a noticeable jump in their incomes. >> i like matt's point. there are so many ways this is for everyone. spend a lot of money to vegas and watch the fight live.
or go to your favorite watering hole and watch it. charles: you guys have to tell me real fast, is there an investment opportunity. pat: drii. >> redding international. >> msg. the rangers. (?) >> long-term, not an obvious one. amazon. starting to create a lot of original content. amazon. charles: you have to be different. that's why you didn't get drafted. talk about different. you have to watch "strange inheritance" tonight. all week, the show will be highlighting inheritances that were almost lost. first at 9 o'clock, jamie will meet with a family that saves a collected car collection from rusting forever. they turn it into a huge profit. two actors who were left millions of dollars from a hoarder that neither met. that's starting at 9:00 p.m. on fox business. a lot of finger pointing in baltimore.
♪ >> and now, it's time for "upon further review." charles: the excuse is for violence and the portrait of people being helpless to improve their own lives has come from the usual suspects, as always. right? it's not with a small amount of irony, the well off people of anarchy see the poor people as trapped. and capitalism as the brutalizing tool of the rich. take the comment of john, the ceo of the baltimore orioles also the son of the
billionaire trial lawyer that owns the team. that approves of the destruction of property. he says, listen, the fast power decades period, has seen working class jobs away from the us to third world dictatorships like china. the problem is, we're in a global economy. some jobs considered middle class often no longer pay those high wages. yet, in this knowledge-based era, higher paid jobs have replaced them. people must earn those jobs. they love those people so much, they think a steel mill can pay out big bucks. why didn't they build one? the poor need to take control of their own destinies. you can't destroy. loot or riot. never smart or the right course of action. it's just bad, legal and moral advice. i want to make one last point on how free markets right.
the baltimore orioles they have a guy from the dominican republic. they have a shortstop from nicaragua and five start pitching rotation, three players not born in america. one from taiwan. one from mexico. the hypocrisy of the rich and powerful is one of the biggest reasons why we have even more problems. all right, guys. i think it's so funny. for someone to complain about shipping jobs overseas, if you take the foreign players of the orioles, we probably could make almost everybody in that baltimore area rich. yoyou know what i mean. >> they're out for themselves. what are they paying the people that sell the hot dogs and the beer? i'd like to know what that situation is. it's nice from their ivory tower to say what should and should not be done. live like you're speaking. maybe we'll listen. charles: here's the thing, dr. ravi. if i'm one of these potential rioters.
i don't want to protest peacefully because i don't think it gets something done. i don't get something off my chest. then these are the green lights that from the mayor, from the president, from the guy who owns the orioles, everyone is telling me it's okay to go out there and destroy something. it's only property. >> we're designed to be aggressive and hostile. it doesn't take much to be angry, hostile, criminal. that's where leadership comes in. they say, hey, there's a better way. this violence doesn't do anything except for destroy your community and perhaps land you in prison. that's not the way to go. that's not to have a message be heard and respected. charles: all right. we'll pick it up right now. i want to also alert the audience. protests have begun. they're underway in multiple cities. crowds are gathering and starting to swell. these things start to become chaotic and worrisome when the sun goes down. emergency curfew is still 10:00 p.m. in
♪ charles: protests growing tonight. in multiple cities. looking at one of the scenes. that's philadelphia. there's also baltimore. of course, cincinnati. and even more cities. rod, i want to go back to you. what do you think -- what should we be on alert for right now? because these seem a lot more organized. it feels like the intent initially is for them to be civil. >> when you and i spoke on monday, i said clearly that i think it will get worse before it gets better. and unfortunately, and i hate to be the bearer of bad news, i think that's still the case. i think on friday, which is tomorrow evening and saturday, once this information is released, i think the situation
will be out of hand. not just in baltimore, though. i think all across the country. and here's why, real quickly. these people that we're looking at on the screen right now. they were promised two things. this is the real deal. they were promised two things: hope and change. that's what they were promised. they don't have any hope. they did get the change. but the change was for the worst. it wasn't for the better. that's the truth. and that's why we see what we see now, charles. it is what it is. charles: we always assume change is always better. you can jump from the frying pan into the fire. maybe that's what's happening. when the president gave a six-point list -- it actually perpetuated victimization, and it sold hopelessness. that was my take from it. if i'm one of the young kids in the ghetto or any other impoverished city. >> real quickly. i don't want to take up all the time. i have to say this. if president obama came
out with a little bit fire and said to america, we won't have this riot. we'll find solutions to these problems. i would have felt better. i feel asleep on his speech the other day after three minutes. he put me to sleep. charles: you got more and more worked on as h he went on. >> if this escalates, there are tens of millions of tourists that are getting ready to come here to the united states to major cities, washington, dc, new york, boston, los angeles, this sturm. summer. they'll cancel their trips. everyone will pay an economic price. >> the dollar as strong it is now, the incentive will be lost if they feel like they will cancel. charles: the dollar will free fall. thank you for weighing in on this complicated situation. big earning misses. some earnings after the bell. also, talking about the dollar. it's in free fall. oil is up. but what else? we'll talk about it. we have to get you straight. your 401(k) is under a
charles: time for your marching orders, after complaining about strong dollar, now many are concerned about how rapidly it is coming down, look at that chart. been freefall. that is dollar, you wanted it weaker, it is getting weaker, biggest winner would be crude oil. up 40% from 2015 low, down 40% from the 52-week high. break out point. after the close earnings from a lot of well-known companies. beats gilead, and fireeye, and athena, on other hand linked in with disappointing guidance, getting crushed. what will it mean for tomorrow? first day of may in have
investors go away in steve, to you on gilead, they had an amazing earning period, needle is barely moving up, it is up like a buck. this stock in my mine should be up to 20 dollars. are biotechs destined to get hit? >> i don't know it company well, i don't top -- don't want to speak to it specifically but this tell me that biotech is too crowded. i don't like things that heal you like now, i like things that get you sick like tobacco and alcohol. charles: all right, hillary. social media, linked in, looks like the latest victim. >> the guidance is so poor, they had to come down for second quarter. you have companies like yelp, and internet in general getting
crushed. charles: you have 3 theft million member -- 350 million members, that is not enough for wall street, down she goes. >> i love fireeye, they raise guidance, and big. they are still losing money but earnings are up big. charles: the stock on cusp of perhap a break out. >> you have to watch for stocks with my multiples, you have an environment where earnings particulars are lowered, a belief that fed is raising rates. high multiple stocks. they will get hit. charles: what is going on with the economy. >> from what i'm seeing a reversion to what it should be, main street has not felt the recovery like wall street has felt it. >> woot is coming -- wall street is coming down to main street. charles: thank you, a fantastic show. we do have protests in various
cities, baltimore, philadelphia, washington, d.c., cincinnati, keep it right here on fox business, we'll hand you off to lou dobbs, you are looking at philadelphia. lou: good evening, i am lou dobbs, demonstration tonight, a number of cities, dep straighting over the -- demonstrates over the death of freddie gray, now you are looking at crowds in philadelphia and baltimore. they have been organized and responding in large number to activists to social media who call for these protests, baltimore, tonight remains in crisis, and embattled mayor, stephanie rawlins-blake, today, turned to the president's favorite representative on race.
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