Execs Take on the Economy, Jobs

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The president discusses jobs and economics -- his Twitter town hall media moguls are gathering for their annual meeting and Sun Valley, Idaho.

-- -- talking to our own Dennis -- about how they see the state of the academy so.

Dennis is joining us now live from Sun Valley is their food out there -- -- consensus as far as a move goes.

You know David the only consensus -- after all they -- these guys down -- trying to get imports and to talk to us is it.

There is no consensus nobody knows you -- to the ex Disney CEO Michael Eisner and he says I think the economy's worse than a lot of people think.

You talk to Howard Stringer the CEO of Sony he says you know what people want to be.

Optimistic but there ambiguous and ambivalent until they -- more real -- But then guys you talk to three CEOs or former CEOs Doug you talked to Terry said all the ex CEO of Yahoo! which does all of its business based on advertising.

And David's does love of discovery communications the cable channel giant.

And Tom closer of Thomson Reuters and take a look at what these three gentlemen had to say about the economy.

I think a lot of companies are putting out their earnings.

And then started to see some good growth in certain -- is certainly online searches.

So I think a little bit more optimistic from an advertising perspective if it's the leading indicator it's good.

On the media side we continue to you'd do well -- the advertisers I think people are slightly more pessimistic.

Because they're just been waiting so long for the turn around.

-- -- waiting so long for that turnaround just like the rest of us remember the manufacturing numbers came I'm surprised the upside on Friday.

And that upfront advertising market some nine billion dollars he committed -- Up double digit percentages for the first time in quite a while and advertising -- -- is cut first that the economy is headed into a downturn.

There's reason to be optimistic but here at the guys a lot of them don't see enough reason as yet.

Our sourcing the pulling -- these people we can keep them up on the screen Diane von Furstenberg -- has -- Jeff Bezos there -- people.

Prancing around there's -- -- via com and and obviously they're all talking about their businesses but.

About the real feel of this atmosphere -- in Sun Valley I mean obviously it's a budget media executives and people the -- -- what the group are people in FaceBook but.

Who they -- tennis that he wouldn't have expected to be there.

The most disturbing thing for me is that New Jersey governor Chris Christie my favorite politician he does super stock he is here.

And I really wonder if he's getting to star struck and what does that have to do with run in the state -- New Jersey that kind of bugs BMO of a little worried that he's start to believe his own hype you know I already believe violence I can't blame them.

But that kind of bothers me.

Dennis what are they what are they want you say there's no consensus but.

Clearly business concerns.

And find some common point what is the one thing we keep hearing over and over that they need and -- -- growing again.

You know -- can't quite come up with an easy one answer but I really think the biggest thing they might need it would be.

Although lack of uncertainty because you don't placed bets in capitalism.

Unless -- actually more certain about the outlook for policy and taxes.

And the economy and were having some flashback fears right now a lot of people here seem still so cowed by the meltdown what happened to long years ago.

That's kinda hard to be too optimistic and the other thing is disclosure rules also make them more reluctant to just say they off the -- The other guy who runs Disney theme parks that's a very sensitive indicated economy Tom's dad.

He has walked in this morning we ask them -- say business is good but he dare not say that too much or on the record -- who knows what the SEC will do.

So uncertainty is the -- went guys.

And the SEC and also there's -- that they don't want to jinx it.

Things are bad enough as it is like you very much -- thanks down a.

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Execs Take on the Economy, Jobs

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