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tv   After the Bell  FOX Business  March 5, 2015 4:00pm-5:01pm EST

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david: costco up on earnings. [closing bell ringing] >> big winner on the s&p 500. david: we have a winner in the dow jones industrial average. it is up about 40 points. let's see. we're looking at certain stocks that are down. not a bad day. nasdaq trading to the upside. we have commodities on the dow. generally speaking a good day for traders. when you think of all the stuff that happened with weather. accidents at laguardia. with downward pressure from what is happening overseas and in europe. the market managed to hold up pretty well. liz: not bad at all. especially with all the news happening. we've got it all for you on "after the bell." david: jack hannah. liz: on the elephant issue with ringling brothers. "after the bell" starts right now. liz: let's get right to today's market action. we have bill bell of atlantic capital management. telling us part of the world, the specific location that is
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making him bullish right now. mike sorrentino, global financial private capital, is here to tell you how a tale of two feds is driving his investments choices. and alan knuckman, live from the cme. good afternoon, mr. knuckman. where do we begin? we have announcement of the exact day when european central bank will start floating markets. so much more here on the markets. which captured traders attention most? >> what i'm captured by is the price action. come back to the midpoint of the selloff with the s&p. yesterday's lows, all-time highs, which are only a week ago. we're right in middle ground. it is interesting to see how we push above that. short-term focus on employment tomorrow morning. we'll, move forward after that. david: all right. mike, you are bullish on europe and frankly, i don't get it. i'm looking at what, mario draghi, for example, is saying that, said today that he was happy with the way greece is going but look what two-year
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greek bonds are yielding right now. 13.86%. how the hell are they going to get the cash, how are they going to grow 14% in order to pay off these bonds? it's impossible? >> greece is something i wouldn't necessarily get into -- david: but in greece, you have to, mike. if greece goes down, it affects all of europe. >> well i don't know about that. i don't think we're going to see contagion risk we had two or three years ago when we were back in this same spot. when you look at a great way to invest in europe right now, what i'm looking at is ways you benefit from their qe going forward. if you look at a product like wisdom tree hedged equity, that is holding export-driven companies hedged against the euro. so as euro continues to weaken we believe it will go through this year and next. this will benefit producers at some point. their exports will be attractive. you will make money. liz: make money. bill bell actually feels the way
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david does. i would like to stay here in the united states. so how do you then pick the stocks here in the united states when some of them right now, bill, i'm sure would you agree with me, getting a little expensive? >> yeah, i think definitely market is looking a little bit expensive, particularly in the small cap and mid-cap space. as you go up in capitalization, you see a lot of opportunities in terms of valuation. and we think, just looking at u.s. economy, we think there is a lot of things that are happening right now that will be very positive particularly for the consumer. so i think, the massive drop in the oil price, and also some of the wage increase information you've been seeing lately, from the likes of walmart and tgx. we think this is really going to start to drive consumer spending and that's 70% of gdp so we're pretty positive about the state of the u.s. david: alan, i'm not finished talking about the world. i want to go talk about what is happening at central banks around the world.
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some are using the phrase currency wars to describe these competitive devaluations going on. how do you place your bets when you're thinking about this? because this could really change our bets, made here? >> right. it has been a race to the bottom. there are currency wars that might be making currency floors. if you look at euro currency, it had bounced from the lows back january 26th. now that time we saw key reversal. made new lows. you saw bullish divergence. the market made new lows but not new highs of volatility, which is usually pretty positive sign. that same thing is happening here today. euro currency made new lows, the dollar up. that is usually sign of a gentle bottom. if you look out to decent, december, canadian dollar calls or maybe euro currency calls there will be a bounce somewhere. we've never seen any short covering from this selloff we've
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had over the last four months. david: very risky, you may be dead on, alan. >> limited risk option. limited risk options. david: we should warn folks, very risky bet. liz: back when you're focusing specifically on the currency issue, that is con tearian trade is there any areas that you would avoid in europe that feel dangerous? i'm thinking greece. what do you think? >> i wouldn't touch greece. that is far too much risk for anybody's portfolio at this point. i mean, i would avoid broad based index funds. i think, the way you will profit in europe is following what quantitative easing is going to do. we saw that happen here. it inflates asset prices. i think it will do the same over there but in specific areas, which again the reason why we're sew focused finding so companies heavy in terms of export driven outside of the eurozone. david: we've been watching alibaba's stock drop like a
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stone. changed a little bit to the plus side. some people wonder whether it was significant just for alibaba or whether somehow it was the canary in the coal mine for what is happening in china. today we got china's growth figures, 7%, looks great. not by chinese standards, right? is there a problem there? >> there is a big problem in china, if you look what they have done over last decade, they had to rely on investment very heavily as percentage of gdp. they have been fueling that with debt. we don't actually think they have got the cash flow to pay off that debt. so in many ways, it is very similar to where the u.s. was, before 2007-2008. and, we feel like you know, things are just starting to slow down in china and could get much, much worse. it is a kind of hard to tell exactly when that will happen but we think definitely will be an issue. liz: china really does drive so much, doesn't it, alan? you talk to any metals ceo,
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especially base metals, copper, nickel, i mean their entire life is based now on that economy, because they're the ones who are the big users of it as they try to build many instant cities, right? they're not seeing that activity right now. >> right. but from a risk/reward standpoint, the damage has been done. shorts are -- liz: go into copper if that is true, would you go into copper? it is cheap? >> i would rather be a buyer than seller at these levels. i think there is more potential upside but the wildcard is the dollar. the dollar has to stop going up. what is interesting even though the dollar made new highs, gold was down a couple bucks and crude oil was positive most of the day. i think markets are starting to factor that in and move forward. china is the overhang. we've been talking about it for years and years. anybody should be happy with a 7% growth. you know, you can't, you can say that it is slowing growth but it is still 7%. david: if it is you have to
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believe the government stats -- >> believe the numbers, right. david: that is whole issue. boy, lovely to see the dollar get as strong as it is in some instances. a lot has to do what is happening overseas. there is strength in the economy reflected in market. look at that dollar index. mike, alan knuckman, thank you very much. we have breaking news. the drama continuing at laguardia airport in new york as a delta air lines flight skidded off the runway. that was earlier today. liz: we have laura engle live at laguardia airport. she is speaking with passengers. she joins us live out there now. laura? >> a lot of us have flown at bad weather, right? today is no exception. it is coming down in droves. it is so cold and snowy here. at the time of this incident the snow was certainly coming down pretty bad according to those out here at the time. however, planes are able to land in it all the time. we did hear from the port
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authority of new york-new jersey which runs this airport. they report in a press conference today just before this incident occurred the runway had been plowed. but nonetheless, you have seen these pictures. let's show them to you. the pictures of that plane so dangerously close to icy waters. this is delta flight 1086. that runway again had just been plowed. you can see what happened. port authority representatives say other pilots who landed before this md eight at this skidded -- md-80 skidded sideways, narrowly missing the water, reported what they called good braking action on the runway. >> i think the pilot did everything he could to slow the aircraft down. obviously the pilot and copilot's good efforts reflected in fact there were only minor injuries. >> laguardia has two runways. both were closed immediately. so was the airport of at incident. one runway is back open. the airport is open.
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some flights were diverted to newark today. there was a minor fuel spill. that was pretty scary part of this story, as a result of the accident but the leak was stopped. the situation is now under control. emergency responders treated four people from the aircraft. three were transported to local hospitals. the headline there, all minor injuries. nobody was seriously hurt. is 27 passengers and five -- 1227 passengers and might have crewmembers were able to get off plane. one woman described a the scary ordeal this way. >> it was nerve-wracking and plane came down and slid and took a spin to the left. we looked out the window and we could see the wing was hitting a fence. >> some of the words that we're hearing out here today from these passengers, grateful, thankful, and blessed. back to you guys. david: they were just a few feet away from the water. the tip of the airplane was
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actually hovering over the water. that was very close to deadly and disasterous. look at that. just a little more it would have been in the drink. we've seen that before. it doesn't end pretty. laura engle. thank you very much. liz: thank the guy who makes the fences. one strong fence. david: right. hillary clinton, we know she had a personal server now. but we're curious to know how tough it is to set up a server and why would somebody do it in the first place? liz: ringling brothers make as mammoth change. it will no longer use elephants in its act the chairman of the felled company who said it if you don't bend you will break t was a mood change. we'll ask jack hanna what he thinks about the change. david: famed entrepreneur and tech investor mark cuban making a very bold call. this tech bubble is worse, worse than the one in 2000. that is what he said. is he right or this call just a
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the weather center tracking the storm. and it is the cold that be problematic, right? >> first the snow and cold after that. we'll get a freeze on the snow falling. commute home still messy and tomorrow morning's commute will be possibly even worse because it will be complete ice with a really hard freeze. parts of kentucky really slammed. a cowell of cars backed up on the interstate. some people have been stranded since last night. which is hard to imagine. some areas up to two feet of snow. snow mostly gone there. it is moving off towards the east. we're dealing with snow from new york from long island, philly, d.c. it will be out of here though within the next three to four hours. then the cold really settles in. we have winter storm watches and warnings in effect. the pink from west virginia, virginia, maryland, new jersey, delaware, parts of pennsylvania. most areas seeing one to two inches of snow falling from this
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before it's gone but my big concern is tonight. look at these temperatures. 10 degrees for new york. that is cold night for any point in winter in new york city. here we are in 10, we'll get down to 10 on top of all the snow and slush. we'll talk about really hard freeze. louisville, five degrees, with areas two feet of snow from the storm. that is how bad it will be in the morning. i will bring you a little good news, tomorrow's temps certainly good news. then a warm-up begins. look at sunday and monday, a lot of places here above 40 degrees. david, liz, that will feel really, really nice how long it has been. liz: palm springs. >> palm springs. almost. liz: good enough for me. rick, great to see you. thank you so much. david. david: billionaire mark cuban making headlines today warning of another tech bubble about to burst. he said the following. if we thought it was stupid to invest in public internet websites that had no chance of succeeding back then, talking
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about 2000, it is worse today. he is right? let's bring in our panel. genevieve wood, daily signal senior contributor, rich karlgaard, "forbes" magazine publisher, phil flynn price futures group senior market analyst, fox business contributor. you're in silicon valley. what do you think of mark cuban's words? night is 72 degrees. as nine comment. in march 2000, the p-e ratio for the whole index is 72. now it is 20, 22, something like that. we're not even close. mark cuban may be describing a certain aspect of technology, venture capitalists are complaining they're overpaying for private deals right now. i think there is a bubble in certain aspects but when you look at technology as a whole it is not even close. david: phil, he is specific where he thinks the bubble is in the tech sector. he says, i'm quoting, the bubble comes from private investors who
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are investing in apps and small tech companies. anything there? >> well, i think there could be a bubble in that if you're picking wrong one. if you're picking the right one, you're doing great. it will not bring down the overall market. look at difference between now and 15 years ago when we had the last tech bubble. half of people didn't understand the what the internet was. david: that's true. even warren buffett admitted that. >> the speeds we're seeing compared to what they were back in 2000, totally different animal. david: genevieve, we're also very different in form that we're making money right now. all these companies learned how to monetize what they put on the internet. >> that's right. look, if anybody can predict a bubble, if i could predict it i would be a billionaire, if i know exactly when things happen but when you're in the middle of it you don't always know. sure, i think some of these companies are overvalued or undervalued, which once, he made the point you don't know. make sure you have to the right bet. i think mark cuban went out too
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far on a limb. maybe he will turn out right. david: four out of four people think he will not turn out to be right though. white house distancing themselves from hillary clinton's email troubles. listen what he said. >> the guidance to other cabinet officials is similar to guidance officials all across the government have gotten, they should use official government account for official government business. david: in other words, let's translate that we told her not to do it. that is essentially what the white house is saying. could she face prosecution for what she did? genevieve what do you think. >> well i think she could. the question will she? you know they may be distancing themselves at the white house. let's not forget president obama still runs the justice department. i don't see them going after hillary clinton on this the larger question, will voters abandon her on this, not just the white house but what voters? i think this is a lot of trouble for her. it brings up again this idea that the clintons think they play by a different rule book than everybody else. david: rich, let us talk about
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the specifics, engineering of what she did. how difficult is it to set up a server? why would you want to do that? >> a server is just a computer and a storage device without a monitor. if you google how to set up a server, you find it is very easy. david: hold on a second. she actually did -- forgive me, rich. there is a little delay. he can't hear me. let me just add, she did hire somebody who use ad different name from his own. maybe it was a mistake but she did go through fairy rigorous process to set this up. go ahead, rich. >> you can do it from different levels from amateur to profession. the on amateur level very easy to save costs. on her level you do it to hide things. >> good point. david: phil, what do you think? >> give her the benefit of the doubt, probably safer than government servers because they lose emails at irs.
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maybe she she would try to protect them for future generations. david: if you want to lose an email hand them to the hillary or irs. nine out of 10 chances you will lose it. >> there you go. david: mcdonald's began massive rebranding strategy. did you hear about this? or will it be too little too late. liz? liz: results of stress tests on major banks. here is what will be answered. do these banks have enough capital to withstand another financial crisis? they better or they will fail. we have the results straight ahead for you. don't move. plus another round of severe winter weather causing dangerous conditions at airports around the country. we have update on delays, cancellations, the very latest. ♪
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david: mcdonald's making substantial change in its menu
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making healthy changes but is this too little to late. i would love a excuse to have burgers or fries or fried fish fillet which is my favorite. maybe this will do it? >> i don't think so, dave. you know i don't go to mcdonald's to get healthy for heavens sake. seems healthier they have got the worse their stock is doing. david: you don't go there to get healthy, genevieve but at the same time, with all the new things we know about bmos, frankly i don't believe all that stuff but my wife certainly does. she would like it if they conformed to those standards. >> yeah. look, i don't think you have to throw the french fries out but there is nothing wrong with somewhat healthier menu. it is too easy to go to so many different places. walmart carries organic food. it is too easy to go to other places to buy healthy stuff. mcdonald's recognizes if they are going to be in the food game which they obviously are, they need more choices on menu.
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i think it's a good move. david: rich, bottom line is it too late? we saw sales down and saw upward movement and then it was back down again. >> they're confusing their brand. they need to get simple, not more complex. do things they have always done well, fast service, reliable, service, clean bathrooms. concentrate on the basics. they will be a great company again. david: phil, do you think they can come back? >> i think they can if you listen to the last speaker there, that is exactly what they need to. used to go into mcdonald's it was consistent quality. i could go to washington, d.c. and chicago i knew what i was getting. was good, hot, it was fast. they have lost that. they have to get back to basics. david: very quickly on the next subject, economically strapped counties in new york furious that the governor preventing them from pulling themselves up through fracking and gas, oil under their land. rich, even if the governor relents and let es them frack now is it too late? >> it might be too late.
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depends on the price of oil. if oil stays at $50 a barrel, fracking is pretty expensive way to get oil. they should revisit, prepare the turf, so when it rises to $70 it works. david: phil, what do you think? >> it is not too late and ridiculous they're not allowed to do it and let market forces take control. you know, i mean you're basically taking away economic development that created booms in other cities and tax revenue. david: absolutely. >> i would leave too. i would want to leave new york. david: all you have to do is move a few feet next door to pennsylvania. they're sitting on a gold mine. >> that is exactly right. the look, the great thing about fracking it turn it off and on. when it goes up and down. not as time intensive. look we'll produce more oil in this country this coming year than last year. even if prices are cheaper, frankly good for the overall economy and peel in it, reality it could go back up as quickly as it came down.
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david: rich, 10 seconds do you think governor andy cuomo will change his mind on this. >> probably not. big mistake. david: rich karlgaard is from north dakota. he knows fracking like nobody else. thank you, gang. >> david, we have breaking news. results of stress test on major banks are out. list mcdonald has the details. how did they do? >> all 31 banks are adequately capitalized according to the federal reserve. zion's bancorp was only bank to fail. it has passed the stage. what happened coming out of what happened moments ago, goldman sachs is at the bottom of the heap in terms of its capital, in terms of its tier one common equity. worse than zion's and bank of america. morgan stanley didn't look so great with its capital levels but those two banks passed. this matters because next week we have the federal reserve signing off on their shareholder capital return plans, meaning
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their stock buybacks and their dividend plans. we're getting word from sandler o'neill they expect citigroup to raise their shareholder return, six fold. increase in the stock buy-backs and their dividends as well. so that is good for michael core bath, ceo of citigroup. he was talked about possibly out the door if citigroup failed that stage of the teslas week because citigroup has failed two of the last three federal reserve stress tests. vikram pandit faced a coup. citigroup failed the stress test in 2012. david: what about goldman sachs, liz? >> it is interesting here. goldman sachs earnings have not been great. they have raised their legal estimates, cost for their legal estimates costs to $3 billion. so, you know, the question is, will goldman sachs be able to do more stock buybacks and dividend increases?
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they had really poor showing on federal reserve phase one of the stress test results. this is the equivalent of march madness for the banks. the federal reserve phone call was very crowded. a lot of people weighing in to ask questions. federal reserve had this to say. banks can continue to lend in the event of a severe economic shock. they said the test results are positive for banking sector. david: good. >> it is good for the economic strength of the united states as well. back to you guys. liz: liz, thank you very much. list mcdonald. david: great. liz: carmelo anthony, yes, the nba star hopes to score big with a new investment with a 3d company that wants to help you put your best foot forward. we have the ceo of the company straight ahead. david: we have the very latest on the massive flight cancellations all over the country. each one supposedly costs about $30,000. we're talking millions of dollars lost bit airlines. we're back in two minutes. at ally bank no branches equals great rates.
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it's a fact. kind of like mute buttons equal danger. ...that sound good? not being on this phone call sounds good. it's not muted. was that you jason? it was geoffrey! it was jason. it could've been brenda.
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at ally bank no branches equals great rates. it's a fact. kind of like shopping hungry equals overshopping. david: breaking news. look at this. look how close we came frommance absolute disaster. a delta flight skidding off the runway at laguardia airport about 11:00 a.m. local time here in new york, crashing into a fence, just a couple of feet from being in the water. that is what is over that fence. but it is not just new york getting hit with more snow. winter weather grounding flights across the country.
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liz: rich edson from reagan national airport in washington, d.c. give as you sense what is going on. >> air travel was a mess before the laguardia incident, david. how about 4500 flights canceled in the united states today. that number is growing throughout the afternoon. laguardia is worse because the ground stop because of the incident. dfw in dallas, more than 400. philadelphia, washington international. reagan, 295 where we are. airlines started cancel flights last evening. we're seeing snow ebb a little bit here. we're seeing some of those cancellations turn into severely delayed flights. still it's a quiet day at the airport. >> it will be a small fraction of that both here at reagan national and dulles which we operate, looking 750 flights normally. we'll see very tiny fraction of that. >> take a look at airline stocks today. really down across the board when you look at all the major
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airline stocks here. they will have to move all the folks in the system. this is really tough when it comes to weather. expecting four to 8:00-inches in washington d.c. these are types of problems. you have all cancellations in one day. cascades through the system not only today but likely through the rest of the week of travel. back to you. liz: rich edson, thank you very much. david: temporary jobs, were the first to show growth after the recession. a new study shows it turns into a trend that is staying. where are the jobs? where are the permanent jobs as ceo of career builder joins us in a moment. liz: carmelo anthony making a big bet on one company that wants to make your issues way more comfortable taking out the middleman and using 3d printing to help your feet. david: that's cool. ringling brothers ban numb and bailey will eliminate elephants from their show. we're speaking with animal expert jack hannah about whether
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this is a trend that will spread. tigers, both of you. tigers? don't be modest. i see how you've been investing. setting long term goals. diversifying. dip! you got our attention. we did? of course. you're type e* well, i have been researching retirement strategies. well that's what type e*s do. welcome home. taking control of your retirement? e*trade gives you the tools and resources to get it right. are you type e*? every truck can climb a hill. every truck can haul a trailer. but not everyone can say they're the fastest-growing truck brand in america.
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david: temporary jobs were among the first to begin to add jobs when the recession officially ended. new research from career builder showing the growth of temp jobs
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is continuing at very rapid pace. liz: that is certainly good news. joining us is the man who watches every single job created, matt ferguson, career builder ceo. you're laughing. i may have overstated that. you're watching these numbers tick higher and higher in the temp space. first what are you seeing and what do you see sudden ability to see bigger numbers here? >> we see the temp space growing next five years really quickly, 13%, are adding almost 400,000 jobs next five years. we're seeing it in high wage, mid wage and low wage jobs. we think companies are following a trend, coming out of recession, having more of their workforce, higher percentage of that workforce being temp. david: matt, there was article in the "wall street journal" about how small businesses are being affected by obamacare. they were supposed to be exempt. remember businesses with less than 50 employees. they're not exempt. they're sweating, spending money, staying awake at night about obamacare, how they will
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do it. part-time employees are one of the answers to the questions. is that part of thing driving part-time employees? >> i think it is. the affordable care act clearly driven a lot of companies to have higher percentage of their workforce in the temporary space. i think it is also more flexibility. that was very deep respects we've come through. i think a lot of companies want more flexibility in the workforce. you reach out to temporary companies close the skills gap. you may not have skills to do a certain project or initiative. a lot of times companies reach out for side for temporary workers to close that gap. liz: who doesn't want to make more money? how about jobs in the temp world paying more than $15 an hour. where are the real increase there? >> areas you expect. information technology. computer system analysts is very high wage, over $30 per hour. that is in the temp space. a lot of people there. a lot of software developers like to be free agents.
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they stay in the temporary space. you see that very high wage. computer support specialists. even accountants show up as a high wage, temporary position. david: but what if you're in your 40s, or even in your 50s, and you have lost your job and you're thinking about going into one of these positions because they do hire so well, but you don't have the training. is it too late to get training for these? >> i don't think so. there are a lot of online courses today in a year, even sometimes less, you can get skilled up in an area. the staffing firms are always -- david: just by online, by the way bottomses would accept online training as a legitimate preparation for these jobs? >> i think, especially when you get into information technology. they're worried about competencies, not necessarily degrees or hours. if you can get competencies and show the competencies, a lot of companies are testing for those competencies, they will look at you and give you a opportunity.
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liz: that is a big holy grail, where you start off at the bottom, and get picked up to be full-time employee with benefits. david and i were talking about this in the break. talking about affordable care act whether that is crimping any smaller businesses when it comes to turning those temps into full-time hires? >> i think it makes them more reluctant to do that over the last five years uncertainty has been part of that uncertainty comes from the affordable care act, not the regulations. anytime you change the regulatory environment or increase the regulatory environment businesses will react becoming more uncertain and less likely to hire full-time workers. david: how about wage growth, how is that doing? >> i think wage growth is starting to improve. the bureau of labor statistics we're finely above 2% year-over-year. some categories are growing quickly. i.t., is got 10% growth. walmart taking wages up to $9 an
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hour or $10 an hour. tjx announced they will go to $9 following walmart n first time in lower skilled position you're seeing wage pressure and increases. you've seen it in higher skilled positions. david: matt ferguson, ceo of career builder. great stuff. appreciate it. >> thanks for having me. david: all right. >> want to know how nba star carmelo anthony stays so quick on his feet? david: yes. liz: david, the answer may lie deep in his shoes. mellow -- melo is investor in souls. they 3d prints custom orthotics. they raised $11 million to bring the technology straight to your feet. we have the sole's cofounder, working with melo are you? >> we're excited to be connected. liz: let's talk about the connection, goes straight through the feet. >> it does. liz: 3d printing orthotics i always thought you had to go to
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doctor or podiatrist shoe specialist. >> that is one part of the story. available nationwide in network of amazing doctors. we're excited about bringing technology out of a doctor's office to people everywhere. we're talking about improving comfort. we're talking about performance. we're talking about athletic sector, really making this technology accessible. liz: i'm holding up two different kinds that have been 3d printed. first who does printing and how do we know down tours of my little feet? >> magic, right? we do all of our printing down in texas. the parts are produced there. we do postproduction up in new york. made in the u.s. it is waste free. our technology runs off an iphone. we basically allow to you scan your own feet with three photos of each foot. we take that. we process it. output a pair of perfect corrective comfortable soles for you. liz: there is a little bit of eliminating the doctor in this in a way? you work with doctors.
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we don't want to alienate them. if you're taking pictures to send them in. and boom, get 3d printed sole out, i think i don't need to spend money on doctor visit, right? >> we think it is about the right solution for the problem. some people have serious pain. they need to go to a interest and the doctor is an important part of that solution. for other people it is about walking out the door, feeling more awesome. run a little further, play with your kids or not take off your shoes in the elevator. liz: why was he so interested in this. they are looking for technology that what, melds with sports? >> we think the sports angle is huge. we brought him on our board, a new member, excited about him, excited about the nba connection. some things we're looking at performance enhancement, integration, asking how we can use this technology to improve, people's lives day-to-day.
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liz: right now these orthotics are really only for flats and sneakers, correct? will you ever do high heels? >> god, i hope so. i love heels. i started this because i was wearing heels. i wanted to make them more comfortable. we're so excited about bringing this technology to them, to bringing it, to really footwear at large. taking it to the next level. liz: i would think. i'm trying to take off my shoe. can i jam, can i jam this thing into my shoe? it would make itp so much more comfortable. >> it would, absolutely. liz: too high for me. how about that? come on. why not? >> crazy to think about advancements in technology. the fact we get up every day and put on shoes that hurt. i feel like we should have solved that. liz: can we not move on from that? >> i'm sure we can. i'm sure soles can lead revolution. liz: no nba basketball player gets on the court without something special in the shoes,
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am i correct? >> yes. liz: can he get friends? team players, baseball players? >> sachs lieutenantly. -- absolutely. partner with colleges and schools and fiscal therapists. liz: get them early. >> get them early and have-- liz: right now if i want to do it, how do i do it? >> right now, if you want to do it, come to our showroom in west chelsea we'll scan you on site. get connected to one of our doctors in the network. we have tons in new york. get connected through one of them through our site. get a pair of soles for you. liz: soles. sols. >> thank you. >> greathave you. good luck. >> thanks. david: end of an era for ringling brothers barnum & bailey circus as they will phase out the iconic stars of the big top. we'll talk to animal expert jack hannah if that was the right move and if other animals should
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follow the giant elephant steps. that is next. >> i'm gerri willis, coming up on my show at top of the hour, simple way to save for retirement and give less of our hard-earned cash to people on wall street. that is coming up on "the willis report" in just a few minutes. every day, our teams collaborate around the world, to actively uncover, discuss and debate investment opportunities. which leads to better decisions for our clients. it's a uniquely collaborative approach you won't find anywhere else. put our global active management expertise to work for you. mfs. there is no expertise without collaboration. sometimes they just drop in. always obvious. cme group can help you navigate risks and capture opportunities.
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david: chairman much of felled entertainment the parent company of ringling brothers and barnum & bailey circus to made the decision to phase out elephants from its acts by 2018. gerri: what impact. will the unprecedented change have on 1 ha-year-old circus? -- 145-year-old circus. we have jack hannah, host of the jack hannah's animal county down and into the wild. your first reaction when you heard they were going to phase the elephants out? >> it was for me, i saw elephants first time, i was raised on a farm in tennessee, that is how old i am, 1955 i saw elephants at ringling. i couldn't believe what i saw. it touched heart beat. whether you like it or not, it touched my heart, touched my mind. pursued myself, jack hanna
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pursued career i'm in since 1964, or 5. so, you see where my heart is. ring link had ever choice. most people love the circus by the way. some people don't. that is their choice. ringling, i can tell you this, i admire what they did taking these elephants, i've been there at research center twice, i filmed itself. history will show the see logical world, ringling with the research they do on asian elephants will cause this animal not to go into extinction. the feld family spent millions and millions of dollars on animal research is not open to the public. when they see it, it face nominal. i praise them for doing with the elephant if they don't have them in the show. david: jack, there is a line we have to draw here, clearly there is a role for some animals in circuses. we have the big apple circus here in manhattan. they have wonderful dog show. >> correct. david: from all i can tell, who knows what goes on behind the curtain, from all i can tell the
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animals, the dogs look like they appreciate the work that they're doing. they greet treats. where is that line that you draw to decide whether or not you stop the use of a particular animal show in a circus? >> right. in circus, i'm not a, i don't work for the circus. i can tell you this, all the times i've seen ringling behind the scenes since 19, since 1972, i know a lot of people i don't remember one time i saw anybody abuse any animal in that circus. that doesn't mean that people should think elephants should be out there in the wild, that kind of thing. as far as in the circus i don't know the answer. i know all animals they currently have treated well. remember something, 95% of animals in zoos come from other zoos. we don't pluck them out of the wild. we don't do that anymore. if i need tiger giraffe at our zoo, american association of zoos, we collect the sperm and
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eggs whatever it might be for animals. research we do, everybody is incredible. liz: don't you think it is interesting, jack, that he told fox business just an hour ago, there was a mood change, there was a change in the shift. he was hearing from families who said, we don't want to bring our kids anymore to see animals. >> correct. liz: maybe click after whip to get them to jump up on tiny stool. it didn't feel appropriate. he said no, tigers and lions would stay because it's a different situation. do you think the movement or change in this mood will eventually push the tigers back to exactly conservation area like with the elephants. david: got 10 seconds, jack. >> it could be that could happen. it could be that could happen. i can tell you see logical, 176 million people went to zoos. as long as i'm alive, columbus zoos, you will touch hearts. if we don't do it in the zoo world, trust me the animals will not be there. david: legend, jack hanna, director emeritus of the
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columbus zoo. thanks so much for coming on. really appreciate it. >> thank you. liz: thank you. "the willis report" is next. thank you so much for joining us. david: no elephants as far as i know on "the willis report" tonight, unfortunately. we'll see you tomorrow. >> hello, everybody, i'm gerri willis and this is "the willis report," the show where consumers are our business. jobless claims rise unexpectedly today. there are new concerns about the weakness in the labor market ahead of tomorrow's big jobs report. >> the mood is anxious, angry, we're not feeling prosperous. gerri: the congress pressure president obama to go it alone and raise your taxes? >> president is an imperial person who thinks he is in a person to do anything he wants by using as he said, the pen or the telephone. gerri: would you like to retire with nearly 50% more mon? of course you would. who wouldn't? some of us are giving up free way to do it. we'll explain. >> no

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