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tv   After the Bell  FOX Business  April 30, 2015 4:00pm-5:01pm EDT

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[closing bell ringing] really a rough day, ashley. here we go guys. the bells are ringing on wall street. look out stocks are finishing up. as we mentioned looking as we move into the close, that the, dow, s&p, all hitting new lows. s&p in particular, taking a hit, ash. as you can see numbers on the screen. not quite, we were down about 250. >> we were. we're still positive about it year. goat a little close for a while. cheryl: there you go. "after the bell." what's up. starts right now. ashley: let's get into stocks. jason pride. john burke of burke financial strategies. whether it pays to sell in may and go away, or april for that
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matter. phil flynn in the c-m. -- cme. phil, the final trading day of the month but does the selloff con into may? >> it looks like it is going to. the momentum indicator are terrible into the market. we took out key support. nasdaq with low 50 day moving average. typical rebound that we've seen after a selloff like this. this is probably the worst i've seen the mood in the market in a long time. a lot of times everybody has seen selloffs, buying opportunity. today the mood feels somewhat different. sense much other guys in the pits today. cheryl: jason, really, we heard from the fed. we got that gdp rating for the first quarter. there is just no growth. really may not come as a surprise to you we're seeing this type of selloff in the markets today, yesterday. a rough day, the question when does turn around come. >> you know, i think we have to look to the back part of this year. what has been going on is up until this recent selloff, the
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market has really been discounting a thought process that things would get better in the back half of the year. and look, we went through a first quarter slowdown. everybody is thinking we'll get better. the market is now in show-me mode. it is waiting data to confirm the story. the valuations held up because there is expectation of improvement in the back half. now the data has to deliver. probably take a little bit of time. until we get some convincing story. which we think eventually will come b until we get that. markets will bump around back and forth based on each data point shows we're in the direction or not heading that direction. we're weathering through the period of data that will bump back around through the two perceived views. ashley: bring in jon burke. phil flynn said market moves worst he's seen in quite some time. what are the headwinds? are earnings disappointing? fed, what it may or may not do?
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what timetable? why is the sentiment so bearish? >> ashley we've been worried for some time. we felt the markets were ignoring fact we have labor numbers that haven't been good. gdp .2 of a percent this week. if we don't have that we have rising rates. we kind of don't like either choice. we've been nervous perhaps some time. perhaps the market is wondering whether it is time to sell in may and to away. they're getting a little bit of a head start. cheryl: phil, this is your bread and butter with oil. we're up 28% with the crude contract. we talked about this before. we haven't seen consumer spending. will it come back in with low gasoline prices? what is happening out there? you have a good sense of this stuff. >> i do. people are still out there struggling. there is no doubt that gasoline prices are going up. i will have good news for you, cheryl because even though the price of oil has gone up over 25% in one month, gasoline
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prices have only gone up 4%. the sensitivity of gasoline prices to the cost of oil has really broken down in recent years. in fact, now when oil goes up, you're not going to see as much of an impact, the least it has been probably in five years we finding so much more gasoline. good news consumers will be able to not see all the price increase right away. that should keep more money in their pockets. tell you this. oil looks very bullish right now. i think market was way undervalued for a long period of time. the charts look really bullish. i think we have a long way to go yet. ashley: bring back jason. bumps along the way, volume at this time which appears to be reality right now. what in particular do you like. what stocks or sectors would you pick in this environment? >> sure. two main things from our perspective. first of all, we think there is a great rebalancing going on where the international central
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banks are finally doing what the u.s. did. the federal reserve is backpedaling a little bit. truthfully we've had a pretty good run as it stands now. we're a big fan positioning internationally. we know you have to have a steel stomach to deal with things like greece and what is going on and some of the emerging markets but on the whole we're proponents because that is where the valuations sit. domestically we think the u.s. stocks are marginally overvalued and the economy is not quite as strong as we would really like to see it. cheryl: jason, just a moment, jason. so sorry, jason, i need to pause here for a moment. >> that's okay. cheryl: we have linked inn numbers really quick. here is linkedin. lnkd is the ticker. as you can see the stock is moving substantially lower, down is 7% down in after-market hours trading -- 17%. 57 cents was earnings per share number. estimate was 56. as far as revenue, 68 million. as you can see on the screen --
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638. this is not helping stock whatsoever. there is a lot of question marks about linkedin. if they tan continue to monetize and become not quote, unquote, media site but stay in the core focus of the company. jason continue, i wanted to bring in viewers numbers on linkedin and pressure in after-hours. >> generally, we'll proponent of international investing, that is where value is domestically going for stable, kind of steady eddie companies. particularly things in the health care space, like abbott labs or medtronic, where valuations are still reasonable. not high-flying biotechnology stocks. steady eddies will winning out in environment where people are worrying at least a little bit about the u.s. ashley: let me bring back john. maybe you can comment on the linkedin numbers, john. as cheryl pointed out moving considerably lower in after-market trading here. seems like they had a beat on eps by one cent. they also beat on revenue.
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what is worrying market and investors here? >> ashley sometimes with a stock. not just what the street estimate is. sometimes analysts carry more weight than others and perhaps that is the case with linked in. linked concensus before 40% growth. so doesn't take a lot to disappoint. obviously the stock is selling off here in the after-market. cheryl: second quarter estimates. delving into the numbers, with linked in. in very high pressure market. thinked in user space and facebook and twitter. it is social media company even though it is for businesses and business individuals. that is what is going on. phil, i want to bring you back real quick. we didn't talk about this much earlier but the fed. they all agreed they didn't want to raise interest rates now.
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i know that you got your crystal ball out. >> right. >> they have got to hit reality at some point, this has got to end. >> that is what they want, cheryl. if the fed had their way they would have ended yesterday but they can't. they're in a catch 22 situation. if you look at gdp number, how can you justify raising rates at that point? how can you justify raising rates with the turmoil in greece, concerns about china and europe? all those things really set back the fed's timetable. they're telling us all issues, weak data is transitory, that may be true, but it makes it very, very difficult. look, the fed is locked into a box. they want to get out of this mess. they want to show they can raise rates. if you look at fed fund futures the date gets pushed further and further back. like the cat chasing its tail. we get further away. right now with the stock market being very, very weak.
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it will be more difficult call to jump in ahead and raise those rates. ashley: cheryl, talking about those forward guidance, circlinged inn. the street was looking for -- linkedin. linkedin reporting 28 cents. that is a huge miss. a lot of pressure. cheryl: a lot of pressure on that stock. thank you for your time. jason pride, phil flynn. john burke. thank you very much. ashley: breaking news. u.s. navy is taking action after iran seized a cargo ship in the waters off iran. cheryl: washington correspondent peter barnes with the very latest from capitol hill. peter? >> cheryl, ashley, the defense department officials now confirm that u.s. navy ships will accompany u.s.-flagged cargo ships through the straits of hormuz, the critical shipping lane for much of the oil that is produced by persian gulf
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countries. and this in response to this iranian, the iranian navy firing on and detaining a cargo ship, the maersk tigress, flagged in the marshall islands but flagged by the company maersk. this is 10-year-old legal dispute with maersk. the u.s. officials say iranians, this is harrassment on part of the iranians over u.s. support for saudi-led campaign against the houthi rebels backed by iran and yemen. just recall last friday iranian patrol boats circled a u.s.-flagged cargo ships in the straits. those patrol boats later went away after circling the cargo ship. u.s. responded by sending a destroyer, the uss fair a gut, to the i straits to monitor the
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situation. now the u.s. is formally announcing it will accompany u.s. cargo ships through the straits in response to the iranian actions. ashley and cheryl. ashley: peter, thank you very much. >> okay. >> as unrest in baltimore continues, more cities across the country joined this solidarity. more than 100 protesters. last night n boston they held a peaceful march. in san diego, hundreds of protesters take to the streets. ashley: let's head to rich edson on the ground in baltimore with the latest on the situation. rich? >> ashley, cheryl, we are right across the street from where that building right there, was burning just a couple of nights ago according to business owners the neighborhood. you can still smell the charred building from the fire in the air here. the governor of maryland walked through this neighborhood a short while ago. we caught up with him, asked him connections specifically about reports that whether baltimore
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police received a stand-down order. here is what they said. >> they were overwhelmed. when we came in immediately. tuesday and wednesday night is safe. we're hoping that continues. we're -- >> he denied that baltimore police were given any stand-down order that they were told, to defend property and people here as rioting happened on monday night. it was peaceful last few days. the community really responded since monday night and responded with trying to show the country, really that they are here with legitimate gripe against the police department they say. and it wasn't about those who perpetrated acts of violence on monday night. there are more peaceful rallies planned for today and throughout the weekend. back to you. cheryl: rich edson. good to see you, rich much l. thank you, sir. ashley: two days and counting until the big money matchup, i mean big money, mayweather and pacquiao.
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ticket prices may be overhyped. go figure. olympic boxer joe joe diaz will weigh in. cheryl: he is happy. ashley: he is smiling now. cheryl: want to invest like famous activists bill ackman, stan lobe, carl icahn without having to spend billions? we'll tell you a new money play causing lots of excitement. is it a good match for your portfolio? ashley: rising player in the multibillion-dollar food industry, gioia is growing on pop american changing tastes in food. where the company's billion dollar sales could go from here. don't go anywhere. ♪ is impactful?" what the cloud enables is computing to empower cancer researchers. it used to take two weeks to sequence and analyze a genome; with the microsoft cloud we can analyze 100 per day.
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ashley: the big manny pacquiao and floyd mayweather showdown as retail ticket prices are plunging as flood of inventory hits online market. the cheapest ticket, according to aggregator, down 33% from last thursday's get-in price of $4200. despite the drop in price, tickets for the price averaging $7913 on the secondary market, according to tiqiq.
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which is higher than any other event including the super bowl. >> could get into the super bowl for $3,000. what does it take to win a heavyweight title? who stands a better chance this weekend? ashley: let's ask olympic boxer, joseph jo jo diaz. thanks for joining us by phone may weather a big favorite. is unbeaten at 47-0. what does pacquiao have to do to win this fight? >> pacquiao has to be very aggressive, throwing a lot of volume of punches. throw them at different angles. he has to being a agressive every single round. win it by round by round. don't look like you will knockout floyd. floyd has tremendous defense. i believe he can adapt to anything. if pacquiao will have a chance, he will have to throw punches at different angles. and just stay aggressive and try
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to overwhelm floyd mayweather. and not let him move around and taking shots. cheryl: jo jo, i was reading that, mayweather has never gone up against anybody that moves like pacquiao, moves side to side. is that a factor? because overwhelmingly we keep hearing mayweather is the favorite. he can't be beaten. he has a record unbroken. what do you say to that? >> yes, i do believe mayweather has never fought anybody like pacquiao. i believe that there is a person that can beat mayweather will be pacquiao. he has -- [inaudible] throws punches from different angles and different varieties. throws body shots and head shots. he has a solid left hand. i don't know, floyd mayweather adapts to everything. even if he hasn't seen his style yet, i'm sure he can adapt to it
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in later round and probably still win the fight but i think it is going to be one heck of a fight. i think manny pacquiao will be delivering a lot of shots and throwing a lot of blows on floyd mayweather. he will have to fight down and counter shots and try to pull off this victory. ashley: jo jo, one last question for you, is this the hype and big money coming up with this fight, is it good for boxing? boxing has been struggling to maintain interest, especially with ultimate fighting so popular in this country. is this a good thing for boxing? >> i truly brief it is. a lot of non-boxing fans are looking forward to the fight as well. i actually believe there is hype for this fight is tremendous and i do believe it will live up to the standards. and all the boxing fans that are boxing fans and non-boxing fans will turn into boxing fans and
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start watching boxing again. this fight will bring a lost excitement. i think it is very good for boxing as well because it will be a fight next week -- all non-boxing fans that weren't boxing fans before, if they like the floyd mayweather fight they will turn into the fight next weekend as well. cheryl: it will be a big event. jo jo diaz. thank you very much. appreciate it. >> thank you. cheryl: four million will go to the state of nevada for taxes. just four million. ashley: just four million? cheryl: just four million. ashley: why they don't have a state income tax. a wonderful thing. want to give your portfolio a lift? now there is brand new way to play one high flying sector. we'll tell you how we can give your portfolio some wings coming up. cheryl: there you go. as valuations of smaller oil players continue to fall, will more biggest producers focus on potential takeover targets? which company will take over next?
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cheryl: do you want to invest like billionaires bill ackman and carl icahn? a new exchange traded fund promises an opportunity for investors like you to ride the activist wave without paying high fees. it is the global ex guru activist index etf. say that three times fast. should you add the fund to your portfolio? let's bring in our panel. greg zuckerman from "wall street journal" and author of the book, frack terse and michael pinto. michael, to you first, activist invest something topic of conversation in media attention but is it the right thing for the average investor to follow that strategy? >> well, i'm all for choice and i like this new etf to give some more options for investors. i don't agree with activist agenda. you're either a money manager or ceo.
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this tripped up bill ackman knocking on jcpenney's door. he wants to increase dividend, buy back shares. just manage money. if you don't like the company, move on. i don't agree with activists investing at all. cheryl: even if you don't think it is good for companies but they are good for shareholders that follow them. what would you say to that? >> historically the track record is more mediocre. the thing i have worries about with this product you're buying stocks after the activists gotten in. so apple, et cetera, after a carl icahn made his move, then the etf buys shares. you're missing initial pop which can be really valuable in the scheme of things. you are missing that. cheryl: michael, you make a good point you have to agree with the strategy of activism. either yea or nay for most people you talk to. they feel very strongly. if you talk to ceos, they say activist investor does not have the best thing in mind for the company, for the future of the company. buying that index i will not be
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watching that, right? >> what make as money manager? i manage money for a living. pinto portfolio strategies. what makes me think i know more than the board of directors about technology of the company, the people of the company? i just don't. so i have to investigate a company. if i don't like what they're doing, i move on. cheryl: let's move on to our next topic, actually, nice segue, thank you very much. we've been looking at u.s. ports. they're seeing costly delays as volume of cargo ships grow. it could have big impact on $900 billion worth of goods transported each year. what is the play here, greg? i do want to start with you. we've seen this sad story erupt when it comes to west coast ports but at the same time there has to be some investment ideas we can kind of follow? >> here is the problem. our ports are not on par with foreign ports. one of the few things we're not as good at as to the rest of the world. money will have to be spent over next few years to update things. brookfield is infrastructure play. has got a 5% dividend.
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some people argue that is the way to do it. only danger here, congress has to allocate more money to infrastructure. we're not seeing any signs of that you want to be a little wary as investor. cheryl: michael, this might be splitting hairs here. what about getting geographical here? look at most busy productive ports, l.a., miami. you go down the list through charleston, new york-new jersey and savannah, georgia. what about companies tied in locally? >> here's the thing, the previous speaker had it right on. we have $18.2 trillion this total government debt. we have $500 billion deficits per annum. there is no appetite in washington to expand deficits right now. it is not just our seaports that are inadequate. our airports, railway, bridges, tunnels. if you're looking for a play here, i just don't think there is one if you want to invest in oil. all the trucks are piled up for miles idling engines burning fuel. that is all i come up with.
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cheryl: once again, michael pinto taking us to the next topic. we'll talk about oil, the cost of oil exploration. it rises while the valuations of smaller oil players fall. for the world's biggest crude producers is it cheaper to buy someone else's oil than to go digging for it yourself? greg, hard not to argue that we'll see consolidation with true continuing to trend lower. not today. >> we've seen some deals so far. if you're a exxon you need someone in size to buy. you can't just buy a $5 billion producer. there are not that many guys up for sale. company like eog or continental resources they're the ideal targets. they don't want to september there will be deals, i don't think as many as one might think. cheryl: i don't know, michael. i could see consolidation not just because you have more domestic production, the contract is cheaper, but a lot of bigger companies are saying it is not worth it, if i'm exxon, why should i be up in the
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dakotas? why not buy somebody small. >> majors cut capital expenditures 20%. the one i might own in the foot is sanchez energy. very small, under billion dollar market cap. it is in balkan field play. cheryl: greg, you might be actually on to something, we could seeing trend. >> there are not too many $70 billion companies up for sale. other thing wall street has a lot of money throwing at companies and keeping zombie companies alive. we don't have to sell. we'll get a check from blackstone or apollo. cheryl: absolutely. doesn't make sense if oil is at 60 bucks a barrel doesn't make sense for them to be producing. it becomes cost prohibitive. >> 60 is key price. at 60 i can still make money in shale. cheryl: let's move on to the final topic. this could be a big problem for apple. talking about it. growing number of users reporting that their tattoos are interfering with the heart rate
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sensor and skin contact registration. apple watch, michael pento, any tattoos you want to share with us? >> if you've been to the beach lately, you understand everybody has a tattoo. that is huge problem for apple. they have to fix the tap tick engine. i'm just kidding. the problem with apple, the problem with apple everybody owns it. it is in the dow jones. it is in all the major etfs. all individual investors own it. the problem when there is, and this is not a very huge problem but when there become as very big problem with apple it will take down not only apple but also the entire stock market wit. cheryl: that is pretty bearish call on apple. but, greg, you have to admit here, this is probably last thing apple ever thought would be issue with the watch. we were concerned about the glass. we were concerned about the components, can they make enough. it is tattoos becoming an issue. >> this should be their biggest problem this year. listen, i would argue trade a real bull market for more
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private tattoo as opposed to kind of more public on the arm. so maybe they will be encouraging that after their next bull market for them. cheryl: i have to say, greg, so interesting, if you look at all, apple watch, i have to say we were there for the launch, i was surprised how much, i actually liked it but i had no interest in buying it. they came out with a strong product tattoo problems or not. >> they have valuation, an expensive stock but size of apple. can it move the needle is the big question. cheryl: final word on apple. >> it is trillion dollar market cap. when will it go to two trillion. it will go lower. every time some company goes in the dow it goes down. cheryl: that is true. probably one of the most debated question marks where apple goes from here. thank you very much. greg zuckerman, michael pento. thank you. ashley. ashley: cheryl, thank you. no tatoos at least on my wrist. if you can't beat them might as well join them. we'll tell you how you can put
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ashley: we want to update you on shares of linkedin. the stock sinking more than it 6% after-hours. following it earnings release.
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giving much weaker-than-expected second quarter and full-year guidance. that is putting the stock under a lot of pressure. cheryl: microsoft taking idea of a personal computer to a whole new level with a foray into holigraphic computing. the holo lens is a headset that displays 3d holograms in augmented reality. it was demoed at the builder conference this week. the applications for the holo lens are numerous. allowing architects to walk around designs before they're built and let medical students learn procedures without picking up instruments. headset should be on sale lighter this year. ashley: holigraphic anchors are next. god forbid. airline industry is soaring to new highs with airline index outperforming the s&p 500. if you're looking to invest, there is just one way to do it. joining me frank holmes, global investor ceo. created only airline etf in the
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world, jets. which just launched today. congratulations on that, frank. >> thank you. ashley: there was a time not so long ago you wouldn't have touched airlines with a 10-foot pole. you're putting a whole bunch in a basket and selling an etf. what gives? >> 70% were going bankrupt. by end of 2013 that had changed. you saw 25% less flights. you saw increase in cost of tickets and changes. they started doing much better. they changed their procedures for lost luggage. that dropped by 61%. you have a complete sea change in the airline industry. then the windfall happened with oil falling but most of these airlines are hedged and they're always hedging. ashley: right. >> they have a huge change in the free cash flow which has gone up five-fold in the quarter from previous year. from 700 million to $3.5 billion of free cash flow per quarter. ashley: how do you pick the airlines? what is the criteria? >> important part is revenue per share and free cash flow yield and cash flow return on invested
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capital. that is the key part this particular etf has four major airlines. they're all domestic airlines. 20% are foreign and 80% are domestic. ashley: okay. >> we have southwest, united, we have delta and american. ashley: they don't always rank that high on customer satisfaction, do they? jetblue seems to do well. southwest always does well. when you mentioned 80% domestic and 20% international, the international airlines get kudos from travelers. does that play at all into your thinking? >> leadership in restructuring their business model is the u.s. they're first to show robust expansion in cash flow. ashley: what i'm saying, they're financially smart, but from a customer satisfaction point of view they're not as popular. does that worry you at all? >> no, it doesn't worry me. big drop in lost luggage. that was a big issue. when you go to europe that is a still a significant issue and care and service. the pilots here make a lot more money. they're happier. the stewardesses, they're much more happier.
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everyone is more happier when you go fly. ashley: do you worry they nickel and diming passengers these days? they will charge for the air inside the cabin at some point? >> i don't think it will go that bad. but to stop the expansion, it has been shortage of pilots. there is really interesting part, they have had to extend age of retirement from 60 to 65. they expected 18,000 pilots were retiring too early. they put in new rules, the pilot has to have at least 1500 hours. we have real interesting capacity constraint in the industry. what are you seeing so different? they're buying back their stock. they're increasing the dividend. these are all very shareholder friendly factors in the capital markets. with that you're seeing last week the ceo of american airlines, what did he say? pay me in stock, not cash. so they have got to be very bullish on the industry. when you look at trains and trucks, as transportation vehicles, they trade at 19 times
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earnings. airlines trade at nine. ashley: all right. you have got me convinced. frank holmes, ceo. the etf is jets. talking about airplanes, j, e, t, s. appreciate it. cheryl? cheryl: ash, america's rising taste for latino food with a booming hispanic population making goya bigger than ever. maker of hundreds of foods from beans, and juice, two founding executives from the family win join us next. power to the parents. new ad giving parents upper hand when it comes to their kids mobile phones. find out how it works. that is coming up. our county down to -- countdown to the weekend with warren. liz claman has interviews with berkshire hathaway hathaways along with planes, trains, automobiles. netjets, bsf railway and
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maker is in the middle after 500 million-dollar global expansion including a brand new headquarters in new jersey. we have the vice president and executive vice president. thank you for being here. so, peter, being here that we live in new york, we've seen the massive expansion in new jersey of goya. you're going global. where are the hottest markets for you right now? >> i would like to say everywhere. cheryl: sure. get more specific. >> well, our roots, we started in manhattan. so this is our largest market and inies an investment in the region but we're growing in the west coast and southeast and spain and europe. our goal we want to make it into everyone's kitchen across the nation. cheryl: we have a map though. 26 facilities. puerto rico, dominican republic, spain. you guys are really going out there. >> the united states is the second largest latino country in the world.
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57 million latinos. largest minority, 17% is latino. what we've done is paralled that market and grown with that market. and not only in the financial way or any other way but we're ingrained in the culture of the latino community. so many people have grown up with the brand and feel it is part of their family. or part of that fair family. ashley: peter, you just built this impressive headquarters in new jersey of all places. tell me about the facility and how did that come about? why new jersey? >> why new jersey. we've been in new jersey for over 40 years right now. really, location, location, location. the market within 100 miles radius where we are. ashley: that looks huge on this particular satellite shot. that is absolutely huge. >> thank you. that is big market to serve. ashley: do you get any tax breaks? were they friendly to you? >> they were friendly. we had much less expensive
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alternatives elsewhere but we're still happy to call new jersey our home. cheryl: i think you have a really good, you know, insight into the hispanic population and kind of what they want. this is the fastest growing population within the united states. >> right. cheryl: so what are their tastes, what are their wants, what are their needs? many people watching who have businesses would like to cater to this growing population? >> we're not only second largest latino country in the world we're the most diverse. over the last 10 years the hispanic population has grown 62%. there have so many diverse cuisines. the amount of different foods and recipes are endless. cheryl: more than just rice and beans and enchiladas. >> exactly. exactly. ashley: sounds good. cheryl: making ashley hungry. ashley: yeah. >> beans are one of the key ones. we're united by language. separated by the bean. everybody has a different bean. ashley: are you expanding your range of products? >> 2200 products we've grown
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because of the diversity of our market. we look at the demographics of each neighborhood which is constantly changing and we hit that with, you have to know your market. and you have to be authentic. and because you want to repeat and that authenticity lends to nostalgia and connection that is very powerful. cheryl: obviously chris christie must be giving you a little bit of love to make the massive expansion. just throwing that out there. >> there was a little bit of love but we had other alternatives. we have invested, like i said $500 million in the last 10 years. in new jersey alone over last 40 years. we're in padgett town south jersey. we have several occasions. we invested $250 million over credits we may earn in the future but are not available right now. we took land in jersey city that was barren, abandoned, and we are now putting activity on that, creating jobs.
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you know jobs today, you know, john f. kennedy said, ask not what your country can do but what you can do for your country. to create jobs, that economic activity does, goes so far to have people off the streets, working hard, with a lost pride. that you know is so important. ashley: did chris christie ask for free beans by the way, just to sweeten the pot? >> tell his his lieutenant governor, she, he gave us her. and she helped us go through all the red tape you have got to go through. all the hoops you have to go through to make it work. >> thank you very much for being here. ashley: congratulation. >> thanks for having us. cheryl: we're all hungry for dinner. this is the app parent are waiting for. how would you like to have full control over your children's mobile phone? ashley: uh-huh, right. seems a little bit unfair but as a parent, yes.
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remarkable story of survival, five days of at devastating earthquake in nepal. that story, stick around. >> hi, everybody, i'm gerri willis. coming up on my show at the top of the hour, a consumer alert as scammers are trying to get access to your credit card security code. how to keep your info safe. that is one of the big consumer stories coming up on "the willis report" in just a few minutes. ♪ ♪
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ashley: douglas kennedy joins us live to discuss a new invention. douglas, how do we do this? >> technology has given your children a lot of freedom. given parents a way to control that freedom. last year lisa mullins gave her daughters cell phones primarily to stay in touch with them when the single mother was at work. >> they would hide it from me. >> her daughter, she says, had a lot of other ideas. a lot of teenagers texted while at school, staying up on internet late at night. >> causing unnecessary stress as a parent. i didn't have any control of them staying up all night talking to their friends, texting their friends. >> mullin constantly confiscated phones as punishment.
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she soon realized she couldn't reach the pair when she needed to. nobody can't believe there is not already something out there like this. one of the reasons she and jerry came up with parent block. this is a cell phone app that basically gives complete control over a child's cell phone to his or her parent? >> exactly. a parent can go ahead and control every detail of their child's cell phone. do it from iphone, tablet, pc. made it as simple as we can. >> the app allows parents to shut a phone down anytime they want, including for scheduled hours for school, homework, bedtime. at the same time giving mom and dad complete control over who is allowed to call and what time. it also allows parent the ability to monitor the use of any and all of the phone's applications. the feature some fear could stifle, rather than protect. >> if parents monitor every last thing that children do, they don't get the chance to learn
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from mistakes and relationships. >> some child advocates say when you exercise this much control, kids end up losing creativity and sense of what freedom actually means. what do you say? >> a cell phone is privilege. we all grew up didn't have a cell phone and we're fine. >> a cell phone should only be used to communicate with parent, and to do school work that is it from here, cheryl. ashley, back to you. ashley: great stuff, douglas. fascinating, i can only imagine -- my other question, the kids could have a secret phone parents don't know about. >> do you really want technology to allow it to become the parent? ashley: yeah, that's true. food point. douglas kennedy. >> great story. thank you very much. >> thank you. >> everyone, it has been five days since the earthquake devastated nepal. rescue crews were alive from the rubble.
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they found a 15-year-old hotel worker trapped under a metal shutter. a concrete slab poised above him. held up by a flattened motorcycle. that leaves rescuers, with support to american disaster response team. worked for hours to free him. the boy is recovering at local hospital. ashley: incredible. count down to the "weekend with warren". liz claman has all-star line up with berkshire hathaway from the annual meeting in omaha. she will talk to supermodel kathy ireland whose furniture and accessories are in buffett stores. ceo jim weber about the health of his business. monday, liz sits down with the man himself, warren himself, charlie monger, bill gates. it will be seen 8:00 p.m. eastern time. don't want to miss that. >> before we let you go, we're
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showing you live pictures from baltimore, maryland at a peaceful protest. this is live shots from wttg. this is baltimore. philadelphia, same story. we're seeing peaceful protests in philadelphia right now. ashley: the will list -- gerri: hello, everybody, i'm gerri willis and this is "the willis report," the show where consumers are our business >> we will get justice for freddie gray. believe you me, we will get justice. we'll do it because we will work together. gerri: and tomorrow, it is decision day for college, perspective college students. we'll tell you what you need to know. a warning about a scam targeting your credit card security code. how criminals are getting access to that magic three digit number. all that and more coming up tonight on "the willis report." gerri: new details tonight in the death of freddie

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