Also in this playlist...
This transcript is automatically generated
Hi welcome FBM I treat burns.
And they probably do somewhere.
And -- go.
So it's a matter.
That's -- point.
My only down 34 I guess it could be a lot -- we had consumer price is only up point 3% in October so.
880 many signs of inflation you know the Hershey Ferrero actually.
Thing is kind of interesting to write her she's off for -- -- and not -- her marriage chocolate we're just talking battalion -- cheer for the -- -- -- earlier on the network repeated here Cadbury cream -- and the Ferraro can do rags with a little surprise and side that you can't minus the -- -- -- we married them together he's married together.
You can't by the news here because there in someone's gonna see -- at the -- eats the the prize inside the chocolate.
You know that's why they don't I know I -- I go to Europe where you go to Canada you can get them.
You might find -- -- in one of the day here but that's on the domain me -- -- then well it's what matters -- she's hooked up what I was yeah.
At least that's about gold hitting record high of course but right now we're gonna throw it out to the west closed up early -- 9 -- -- the -- -- -- generally out at the two dozen nine's streaming media west.
Your -- -- I'm playing I am playing with my avatar you guys this is that news anchor Jana and there she is let's thinking that -- -- crazy and time.
-- I expect live let me -- -- avatar you to do a couple of things and so.
If she is I think Tracy can appreciate her Hughes their in the NFC is -- -- -- high you.
And I get it right look at how -- how they did have hasn't had many high heel I talked to them about thanks Tracy how president Ellen Anderson thought that I would ever doing out here is we're talking about you know there is streaming media and -- acts.
As streaming live show right now which.
Lecture -- works -- well that that it.
Yeah we're going to be talking a lot -- them a lot of major companies.
That are often Bob and streaming media and a lot of different ways everything from the way that you're looking to purchase clothes online.
To the way that you use your gaming console at home to the way that you -- -- Sunday Night Football.
Were going to be talking about the different ways that streaming media is being used these days.
And it just be aware of the industry's going -- I've seen some -- -- I can't wait -- got some of that I coming up we're really talking Q.
An executive from roku which is the guy who actually developed the DVR or accident -- to Microsoft they're the ones that put together this program that allows you to watch.
Football and tennis from a lot of different angles are gonna show you how they do that and then going to finish up with them.
One of the executives from video of this you might not be a name that you know but it's it's kind of a one stop shop for all streaming web that you could have in your living -- this kind of pricey -- century that -- our viewers are gonna think about that.
But all this very cool very exciting.
I can't bring the avatar with me I tried to create one's for you guys I'm gonna work not -- if I can Trace him decree an avatar with.
At least six inch -- I mean c'mon my -- house.
You could lead them and a male avatar yeah I can get it again here my allowed this.
I had a fever and -- to me I -- now.
Yes a very good -- that's exactly big we're we're gonna say and I -- and other viewers out there on the content boring yeah.
Only about eighty I I I think that's probably right yeah and then he added -- you -- living up to our -- in within laying out.
You know why you think you have semi elect like an ingredient list wouldn't see -- live together right -- -- I -- -- know why I.
The real quick this did you guys have been -- -- kind of -- go ahead and send them to me because I did anybody have any questions for our viewers want to know when I -- -- -- the executives -- Excellent.
Cannot wait I -- -- I'll bet.
I -- the.
And and that's you know that's where we're going.
-- -- -- cloned sheep they're gonna second picks it's going to be you know what I -- Max Headroom -- ahead of his time.
And solid citizen.
And so is -- losing.
-- yeah yeah the theme this Avis -- rating from arsenal ahead here on -- ad revenue piece of that you could come into.
Avatars and so she made one for herself and -- and you -- it.
In the guy's got to go to -- me and heating and know his red line it would be cuts in existing engines think.
-- let's get this again if I have a lot of talk about that's the market we're down 37.
Economic data keeps coming in mixed right housing starts down but yet earnings not so bad that well -- I read it more negative I read everything negative -- some bearish lately.
But you know a lot of those earnings were driven by cost cuts -- -- and and we looked at the earnings a lot of top line revenue was not there.
And this is saying -- -- people talked about the -- but how many people can you fire.
How how much can you drive that cost cutting out before eventually got to make some money so my problems I have with this market is its pricing in a forward PE of fifteen.
So that's given you semifinals earnings next year and -- fifteen multiple.
This is not the economy to price in a fifteen PE is is more -- ten.
So you -- the earnings deficits we know they've been low ball coming in but you're saying once we get up to next here it's it's looking too high right now I.
I think first out on any faith these analysts they admitted that every almost every -- every analysts predicted they did anything -- this -- I think they've missed you know by bigger men.
So to get to those numbers you need a robust economy.
You need a growing economy to see some strength we haven't seen anything.
Anything out there that even if you do get the 75.
I still don't put fifteen multiple -- because she's still not enough vibrant kind of faith he still got unemployment at ten point two -- grown he's still got this is the worst part that deficit.
10% of GDP and you Obama said on fox okay you guys -- the interview.
He he fears a double dip recession if people start to lose faith.
And lose confidence like -- -- -- we've already lost confidence there is no faith in the market so you most likely will get.
Adults that have -- the question is is he now just sort of catching up and stating the obvious here we had you know heard our boss Rupert Murdoch saying in a similar thing you know on.
With us this morning we had a taped interview from last night in DC and then saying similar thing a huge -- and so.
Are they admitting sort of what everyone else is already feeling -- I say something that we should be no I think if you wanna worry amount.
There's a big disconnect between main street Wall Street -- -- is a big disconnect between Washington DC and changed the okay they don't quite honest I can I run a small business my -- -- a partner to small -- for rate we pay the bills every month we understand what the economy's about as do most small business owners it's not that great okay.
But what they think and with a -- Wall Street firms think it's great we'll get the stimulus might get paid you know the government's -- money.
It all looks good but it's not he's really isn't that good in the numbers that you -- now.
Are gonna start to tell you that housing -- bottom look at this morning's -- mortgage -- applications are as low as you know what was they've been.
You know and new housing starts and.
On lower but that could actually be good we might be back warehouses -- right and it give an idea to sell some weather got to sell on -- they don't need to build more and I operate I mean I think that's that doesn't that's no that's -- doubly so consolation though for.
-- kind of people who -- in the homebuilding and home selling industries and doesn't help them construction workers and like so obviously that doesn't help them but I think the fact that we've overbuilt.
You know it's gonna take time and I think that is the one you.
You don't need you have to think it is about this thing -- -- -- talked about the shadow inventory of homes that are for sale.
Once it does start to improve.
How many people how many of the neighbors would love to sell the house that that I can sell -- at this level right gold will crop up immediately but before you can get there you've got to get through all the foreclosure statistic how many come.
They don't stuff.
The full cold just haven't stopped and what does the government do -- -- kind of kicking the can down the road.
A lot of it has to do with the way we're presenting this you know.
I can't sell my house because I'll take a big loss but he -- you get a bargain on the other side.
I mean you know what I think a lot of it is self fulfilling prophecy we are it almost scaring people into staying into their homes because of when you get the president saying I feared double dip recession.
I fear at -- you know fear and in general is a word that's being used so much and it's keeping people on the classic.
While I agree with a two point if you get a move from what passed without the pretty much is trading -- -- doesn't mean that it's an -- -- you know the problem is we've been sold a bill of -- that this economy's been -- improve and everybody.
Did nothing to see -- anymore just keep moving everything's great now.
-- what have they done over the last year to improve anything.
Nothing -- been fixed really it's just a patchwork.
And it will be shown eventually but the problem that we have right now is that the stock market doesn't care the stock market keeps going up to some crazy reason that we can get into.
But that's why people think things -- well that they must be good the stock market's going up the stock market in my opinion is irrelevant right now.
It is totally era while going up that lets talk about it is short term momentum fueled intra day highly speculative buyers who were coming in playing this game in the biggest casino in the world and happens to be US stock market.
He's to be changed -- announced US stock market might -- But these are not real.
-- are where are the real buyers with the -- and drying up on updates.
Can you really extrapolate anything from -- in this market -- because.
You've got to think a lot people are sitting in the hands watching their winners run until they stop running I agree exactly because it has that's a great point because I wouldn't wanna be selling now I was an owner of the stock went from ten to say thirty would you wanna solid moments he -- you can you -- these it's right -- you wanna -- that he -- -- stopped when he -- Exactly so they don't let him run because the momentum is there like that rally -- but what we've seen we trade for institutional clients from my clients are mean a mutual funds hedge funds saw.
What really seeing a huge increase in business that you would expect to see in this type a -- right and in fact some of the numbers the ICI which is an Investment Company Institute put out a report.
27% less volume year over year from institutional clients in domestic equities yet.
Volumes in the market are up 16%.
They just don't -- it doesn't make any sense when you look at the weekly numbers it's even worse.
5 billion out last week from domestic equity -- right out the door and 31 billion since the beginning of August.
-- -- -- -- -- and they say maybe you should be loving stocks that are going doesn't like them.
That's almost got to be a buyer eventually if they do this is the -- matter who you're gonna sell it to its attempt to break but quickly your thoughts on high frequency trading.
High frequency trading is a big topic on -- treaty hades is actually muddying the water if you ask -- part of the volume that we're talking about -- certainly happy.
You know their estimates that's up to 70% of the volume.
These guys are intraday speculate that coming and going flat they go home at night flat by definition they don't want to hold the position.
So what those real invest if you -- -- -- -- economy based on these type of guys were penal.
It's not going to be -- basically they're just flashing ended to see what the highest bid may be and they're not necessarily always.
Completing the trade corral it's it you know they'll trying to get a national someone else not familiar with and look at ticket penny off here and there they look at it.
He used things techniques that we've talked about flash orders and they have to -- an actual ally ally and -- all different things they get rebates for posting bids and offers so this whole.
Industry has been cropped up about guys who just basically trying to beat the other guy by a -- which is a thousandth of a second anyway.
So that's -- -- we have viewers are insane and they agree with you 100% US market isn't you know and that's just adds to it I guess.
Joseph this little bit out of my club theme this trading thank you very nice thanks for being here yet.
Joseph -- stuck in about Sicily with me before so there's many different.
I'm ready to go and -- Ever wants to be -- -- at the end of them well and that's fodder for that we're gonna break.
We'll be right back to talk about it -- back.
From Baghdad CN alive I'm Robert -- alongside Tracy Byrnes thinks -- that with you today I love it leveling.
Pleasure to be here as always.
And -- on good friend general legal like old times during this our -- as it's still early morning for her she is out west of the streaming media west show.
Jenna and you have a special guest there or so without further you on -- you.
Bank -- -- -- that's right we're actually going to be talking and next to -- company -- -- I -- and its name necessarily but it.
Person who founded this is the person who do about the DVR which I think is Protestant net property really -- It's Anthony Wood he's here with that he's CEO and founder of roku and he hasn't need advice that we can change the way.
That we aren't so watch TV now not just our DVR has been a different way and you're holding it -- that basically the -- hand Linksys.
Well this is a box when they called the roku digital video player and it costs 79 dollars.
It's very simple set -- -- connected to your TV and your Wi-Fi network.
And lets you watch.
From over 50000 movies.
On the man -- -- on your TV.
What I need that.
Well you know people have the ways they can watch television that you know even with lots of channels people often like there's nothing on -- watch on and so.
-- this it's just a huge library of TV shows and movies instantly available.
And you know sort of TV on your schedule.
Now this and let me say this little box here if I if I wanted to take this let's say stuff look at my TV in the lead the living are -- and you know streaming movies -- can I then.
I'm -- -- and take it CU.
The better but then the TV very devastated when TV out.
You can move around that this that this so indispensable people this I want for their bedroom.
Once they're let me talk a little bit about the price because under eight dollars as compared to some of the -- price we've seen that allows streaming media like the Xbox for example yeah it's considerably cheaper -- Heidi if the price that.
Well there's no moving parts there's no hard drive.
And we that's -- what we focus on for the somehow going made these boxes super easy and simple inexpensive.
An episode of the reviews that I was reading about your company is that it's very easy to set up.
It's sheets and -- -- -- you want access to Netflix.
Videos or Amazon.com.
-- you can do it very easily have you weren't going to you did previously worked with net -- yeah -- A project like this but then then he separated talk this through that relationship had that happen.
Well -- has been around for a -- but also.
For about a year I was I was employee Netflix and I worked on there.
They're -- products and actually a lot of the technology -- in the -- was developed since I Netflix and then.
I spun out -- -- him.
And so it.
You're looking for different chips adding Netflix Amazon.com what's next under the -- yeah -- so today so today you know we have people who watch Netflix instant watching that wants Amazon video on demand they can -- Major League Baseball on this box.
But pretty fairly soon we're gonna -- what we caught -- -- like the App Store for like an iPod for TV and it will bring a whole array of news channels.
To the box and so our goal was real it's been opened TV platform.
Where anything is on Internet and anything that's on television ratings on satellite you'll be able to stream over the Internet what's on the spot that we -- -- price for that -- does that.
-- -- is -- gonna get less I mean this box is going to be 79 dollars or less for a long time but I mean as as -- there's more content of course if you want you know.
Content and generally it's pretty content owners.
So you people say though that in the next couple years at my television the next television -- -- -- gonna have a device like this.
It it already is that -- -- -- very little repression that would put that directly or that technology directly into Patel.
That's another scene of -- people who already bogged their HDTV and they're not planning on changing their TV in the next you know five years and so.
-- customers that a lot of -- TV -- rather despise them and I'm not box.
Some some TVs and some newer TVs are starting to include some of this technology but.
You know generally television companies focus on television and not the streaming technology and so you know we think you'll always get a better experience without box -- something integrated into the television.
He -- -- -- -- kind of horizon as far as people buying TVs and is that how long we think that's going to be relevant.
Not mean -- I think their best other issues we -- So.
Yes so we change it so that anyone that -- -- box they get automatic -- updates several times a year.
Is it it do you think channel surfing his dad is -- -- television just kind of -- let you know what's playing yeah is that better that is that changing with the fact that I really have more control through streaming media about what I wanna watch -- I'll watch it we'll definitely was.
Did DVRs and you know on demand television and cable operators people are getting warmer used to.
I didn't say sports and news to really being able to pick the shows they want when they want -- watch them but.
But still -- people still like to watch live shows but I think yes over time you know if you imagine fighters now watching live TV except for news and sports has been very -- To make -- the challenges and that they're going and looking for the sitcom that you like great.
Pray that with the movie you're the special that you like -- they're gonna be -- and partnerships that you see you're going to be very typical of letters between movie houses are between cable networks for example what's the biggest challenge.
-- side and that's a big issue when you if you say if you imagine a world where every television show movie ever produce is available on demand how do you find the ones you want -- Yes so then have commercials.
Well of course on the commercial -- pay for a commercial side I don't think.
You know I think that -- the traditional business models for television which is subscription -- no commercials or pay per view or commercial.
Commercial -- the free I mean those are gonna continue that's not gonna change in any world what's gonna changes.
Is the way you is the fact -- -- shows will be on demand and trying to find them is a big challenge and that's what we -- a lot time on how do we make the navigation in the search how to make it easy to.
Bunch of seconds or so much out there -- really interesting real quick here I just wanna go back in time didn't -- that he developed into his -- -- important that the DR.
But that -- allowed it to skip commercials.
Right what people like that it's much.
What -- let -- wanted to let you guys love it that they did right and that that was an issue.
Yes I was -- young right VCRs you can skip commercials DVR's list to do that you know wit if you look at products like this.
There that power and -- the content owners decide this is this more like online song line.
Sometimes you can skip commercials sometimes sometimes you can't -- and that's really controlled by that the companies that the publish the content and that that'll be the same for this response.
I had been appreciated in the tent city nine dollars but the easiest setup guys in and relatively cheap again Andy was saying it makes -- -- Christmas gifts and I.
I'm talking votes as -- could not exactly a little bit I think at probably that they think that bar.
I think he's you know god for creating the DVR first of all love to skip the commercials and they hate LA I am going at it guys with here we actually can't you.
Actually -- -- -- -- -- It's that's the downside of streaming against a sometimes you can hear why do I meant it but god love the DVR yeah this outage this is onward and upward.
Speaking of -- markets down 44 points -- take quick break we'll be back.
-- -- -- -- -- -- Welcome back to foxbusiness.com.
Live don't forget to download -- -- -- -- for your iphones you can watch is in this is where you need to name the town in this.
Country any town.
Into rocks for a North Carolina there you can watch us in rock star North Carolina on your iPhone sadly not on the cables to their yet which can I ask that's right -- Saddam of the -- -- now -- here we did a status thing every day we talk about what put your -- surprised today.
Well besides the the snazzy Fox Business -- that's just another new apple just.
Just in time for -- yes it's shameless plug yeah.
I think they like absolutely I called -- at its and you happen that actually we -- -- -- the video game conference digital arts and I Robert -- just talking to.
I got when the video game -- companies offline estimate is great -- he found where he can go and and basically stand -- product's bar code.
And we'll tell you where you can find it more cheaply on line or at another retailer.
And dye went online -- -- -- that the app that was actually a paid happen it was a red laser let's get dollar and nine but I'm I'm kind of like -- absurd should be free and then I was holding out.
Today a lot of buzz about the shop savvy it's a competitor it's free it's been out on android phones.
For about a year now they finally got to iPhone a lot of they'll want people and waiting for this I didn't know anything about this obviously but -- have a holidays.
It has been released and deficits you may be able to see it actually it uses the phone.
Is the built in camera the reason they couldn't get -- life -- before to a 3GS is because it didn't have the auto.
Auto lands on a -- -- focus England's you did they put the bar candidates not really great that myself as.
But you can see the market may be little red line on there I don't know that I haven't had a chance to gun shop with a bit.
Fantastic guy information in your hands as you go you know a lot of people best buy for one -- -- does a woman will do a guarantee we'll match prices within thirty days -- you find it cheaper.
How many people really do that a handful of people maybe do but this puts a -- and yeah well you know what across town that XYZ they are they do have a.
I think it's -- -- we have -- red lines like let's say the Red Line -- -- the market you're OK so it's not like it's gonna pick up the product asked to scan the bar the market via.
So loaded up -- I don't know if you could see the Red Line on there or not but hey you can see it.
Paris little red line the Red Line.
And it focuses in on -- -- is basically -- haven't had a chance to get just downloaded this morning but -- very best fuel map view.
To this location of the store if you don't know where is NL also can take you to Webb Simpson really you can just hold up to that big catch here whoever works as it looked.
-- to -- for this price -- out the door.
Anything if you're looking at a TV or something in your state had a couple hundred bucks that is huge -- another reason I might have to actually jumped cents.
And go -- and I well that's on the android phones today is I'm not shilling for apple that I don't have an android phone or I would have that in here as well but it's been on there for awhile and it's it's free shop savvy all one word look for it there on in the news items about today but Iraq -- a lot of talk about it today very cool.
That's gonna come in handy just in time.
And I need a big screen TVs and we talk about inflation that this is something that's gonna help you ward off inflation.
And as your going out yes.
-- -- -- I could tell you could that mean.
Lot of useless after today and this something happening that -- spreadsheets all day long I -- got into wrapped.
-- you gotta you gotta feed in something interesting when you reading numbers all day long.
So this is London based translation firm that is what offering this service parents note is very -- to name a child because that pressure of the name.
That's -- -- that's from a movie -- Pretty woman pressure -- me.
It's tough because your kid for the rest of the -- name your kid he announced some no offense flaky like trees are earth there honey here.
I remember it well as the year they -- -- -- princess she was a double child selected the child to come in depth look at their name is princess.
-- that being said this London based translation firm.
Will translate the name you picked for a whopping sixty almost 17100 American dollars.
And you could find look at your kid's name means in all different -- -- -- -- might mean you know the rows of my life I'm in another language might mean something different so they didn't Suri.
Which is Tom Cruise Tom and Katie Cruz's daughter.
And Suri means wait for pick pocket in Japanese.
Turns sour -- -- -- So macros in Italian this is -- not love but -- booked.
And so that said would you have essentially chosen another name -- knowing you were naming your child of course Mac -- In Italy and she goes to Italy and just how many mr.
area -- they gonna say -- -- tackles.
Hit a -- right.
Well and make a rough time on the playground there -- -- -- room -- maybe it's worth 17100 dollars in this.
-- tell you inflate recessionary time we'll -- we'll keep up on this company and see if they actually last.
Good luck with that and speaking of long lasting rich Edson got love and the kids didn't -- -- -- Basically we -- kind of troubled and I tell them all -- -- -- that Everett's and we have to work real -- I have to send Richard in to see how.
You know I don't know if I wanna see that hasn't.
-- and I thought twice about it.
I mean again I think it comes to put ignorance might be bliss on this if you go around you you his horse balloon or something.
Yeah horse -- I yeah I would want to know that.
Probably not I can't imagine what Tracy means I mean.
You know your mom wouldn't -- wouldn't would have done that had been located in -- time and it's time that I'm saying that with my -- you know in some you know what I noticed -- Virginia and if they're at the -- -- -- but rich is rich I mean I love them you know great name an English anyway.
Parents what's -- on.
I'll man lie a lot.
How -- -- -- it we're goats let's talk a little health care.
At least perhaps at some point this evening.
That the senate majority leader Harry Reid will introduce his bill the Congressional Budget Office.
May actually tell him what his bill is going to cost over ten years he's going to introduce this bill perhaps.
To all the other senate Democrats this evening in a special meeting its planned right now for 5 o'clock that of course depends.
And at the Congressional Budget Office can deliver its cost -- in time.
And and then they would move forward from there but you know even if the cost comes in.
Something below 900 billion dollars over ten years.
They still have to compete on abortion funding language there issues with the government run option -- is the -- So -- at a cost is only a small portion of it but he's he's trying to get to sixty votes among his own party because without that he's he's in trouble.
The yet we get this you know -- the polls are basically saying he only cares about health -- we want jobs so.
How can going -- with this knowing that their constituents really could care less they want to go to work.
He and that's why the house is beginning to focus on what they're calling a jobs bill don't.
Say it calls it's the stimulus because they'll say it's not a stimulus it's a jobs bill even though some of the provisions are talking about are some provisions that we saw in the first stimulus bill.
Road construction bridge construction extension of unemployment insurance.
Mean these are wide it's really dominated a large portion of the seven -- 87 billion dollar stimulus plan.
And the talking about doing something like that it's about.
Messaging right now -- if you look at the recent polls.
The economy is the top issue health care.
Second or third depending on which poll you look at it and the issue for them is they want to make sure that either if they have a job it saved.
They can get more hours at work or if they're unemployed.
Did they have a job eventually to turn to so.
That's why Democrats are really started a message on jobs because -- ten point 2% unemployment the administration was -- for somewhere around eight earlier this year.
Yeah Gretchen how much -- players as you know Geithner -- I covered senate small business financing form seems like.
A lot of attention finally being showered on small business where most of the jobs come from and and -- in this country anyway.
A young much later in the -- that I think most people would have expected or hoped for.
What's the reception down there for that as it is that anyone is it resonating at all in DC.
Well I think what what.
You're seeing now is the Treasury Secretary and -- -- illustration.
What they're doing is pushing existing tax credits I I think the small business community is probably calling for a little bit more.
In the way of new tax credits perhaps.
And you can tie healthcare and -- this is well on the for the most part.
There is a small business mandate to provide health insurance.
In both versions of the bill there are tax credits but.
I mean there are small businesses out there that are going to have to provide health -- to their workers.
That don't -- currently provide healthcare to their workers so I think.
They're they're watching both those things right now in congress that want to make sure that they can.
Get a more favorable result out of any health care proposal at least -- -- the -- health care proposals that we've seen now.
And secondly they're looking for something along the way of a little help on the tax front.
Hey rich after giving a shout out someone on the board posting rich -- to translate its best at the end reporter.
I -- kudos to you.
I I had no I had no idea my mom was watching -- Ha ha that's great it's my hat and your mountain that's that's somewhat I'm logs into from time to times -- Gotta love the month.
Amazing people watching this -- very Smart people -- in this I guess and they know exactly what they're talking about now that I appreciate it actually do.
How to make -- move it around rich how much.
Mean that that -- outlet that is the greatest -- rich I went -- -- let you go just yet after all we're gonna make you stay with this for a minute here and and.
Or maybe -- not maybe you're just don't know but so what this it what interests me the most about what they're doing is that it is all about the 2010 elections these guys only have one thing in their mind and it's all to get votes.
And so now you can see what's happening right okay the constituents don't care about health care but they really care about jobs let's get a jobs bill on the table instead.
Maybe health care can only after -- we don't need to rush to the table and jobs have been.
-- -- Anyway we're back generally back with this busy girl this morning generally -- toss it back that's you right now.
Well we're talking about the way again that we consume media and the different -- that we're gonna have control or be able to interact with -- of our favorite shows and I know rob very.
-- -- -- -- -- -- -- -- -- -- -- As bad that waited and -- sending a football and that's what we're joined right now by several light.
The director silverlight as Steve step -- she's from Microsoft Microsoft develop this technology.
Bush is really really cool allows me basically to direct the way that I want to watch.
Right it's making it it makes experience is more engaging more fun for the user and then gets you in full control what that experience -- on the -- So is the distraction it lets you save the Bosnian -- We'll sell it for if I'm watching I can watch the whole game online.
Right you can watch it start to finish or -- can go and see things like timeline markers and basically pick when I wanna watch that.
Part of the game I can go and do things like slow Mo I can go and do an instant -- wind I had just have full control.
Over that worked if the game is continuing on -- and I want to see something that happened a different angle of the play.
So -- five camera angles and you have full control over which.
Camera you wanna watch.
And then you can.
At any point in the game there's these markers they -- generated dynamically.
And you can actually go back and click on that marker like that was a field goal in the third quarter you can find that marker go back and watch it.
And then resume live television as as he -- that.
If you wanna -- -- that it a little bit behind is here -- Where where this already besides the sport arena.
This after the applicable.
Well it's applicable in everything from sports we've done things like Wimbledon and it's sort of France.
We need to spy cameras right you know that does that make of that fight cameras as a completely enhanced experience this is basically pushing the bar.
Way higher for anything that's ever been done on the web before -- We have breaking news that we do our live -- -- in the morning in and right now on Fox Business -- gun.
You could have cameras at different locations and as an end user on the web you could select which -- you realize that that's why don't need several cameras sits and yet panic and thinking this is the ultimate I mean you know in a sporting event you have cameras that all points on the on the field.
And the goal is tabled as an end user give you -- control how do you make -- -- -- slots interest and we have two things one is that advertisers are able to insert.
Online ads both in stream pre -- that kind of thing and because the engagement times are so high with the power part delivery technology we're -- -- dates and times of 506070.
Minutes on the lab which is unheard of so I was sitting at my computer you are completely glued to this experience closely because we have a technology help smooth streaming which.
Basically gives you the power to just get an amazing video quality experience that constantly -- as the network -- emotional challenge.
She knew it but it let's just say there's a sitcom -- and that you know it's that time has.
You know different camera angles to an I wanna check out.
What -- wearing and I I want a look at -- that worked closely do you see it evolve into something.
Like that you could have story lines where you pick and go -- and do an alternate track -- for instance in in the Sunday Night Football example we have data feeds that.
Show you real time stats you could have alternative tracks that show up at certain points and you can actually click on.
Maybe an alternative script that takes you down a different path -- you could.
Potentially build your own story and are actively.
And again the user has full.
Control of that and who you think is behind developing something like that storyline that interactive story line is he going to be.
The the big movie houses visit Microsoft -- have a team and I hunt and.
Initially it's about just getting existing contents and enriching experience right so we think the experience that we're offering -- better than high definition television get true HD video at 720.
Were when you go full screen for -- -- Sunday Night Football.
It's 87 -- And then on top of that.
You know we'll get to web based programming and if there's you know potentially hold his honor programming that's possible with this.
And know what our viewers have a question Tracy had Tracy and robbery that have that there's if you question wanna break it really easy one actually Jenna -- -- apply to college sports as well.
That's a great question edit my little -- -- great back in Nebraska -- -- -- them since college football fans in our audience and visit visit do you have -- across the.
Last week we worked with March Madness.
Four on basketball side and -- -- we've been doing some college sports.
Activity earlier and earlier in the in the year we're working with.
A wide range -- and again this is.
Not a listed by the if it had been actually signing up but the specific schools -- is there.
There there's -- there's some deals that he.
-- actually get the distribution.
But and you know this going to be we have just dozens of sporting events actually hundreds of sporting events planned over the next.
Few months that will be delivered in silverlight plus in this streaming and I think the other really instinct thing it's this kind of interactivity will come to business applications that's not just going to be.
-- so -- -- that would basically you know Continental Airlines using silverlight four call center applications right it's a rich interface.
It lets their call center representatives use this new.
Compelling web experience to get a much.
Richer deal what I did that customers can now so that's -- and -- as a as an -- has an enterprise customer you might Tom -- recruits receive a corporate broadcast using.
Both the power -- streaming and then the rich interactivity so like -- interact for instance with the CEO broadcast.
And that's the concept of maybe saving money future -- technology that for media companies they're trying to monetize their content.
From traditional delivery online and -- -- things that are required -- a monetization model.
Great engagement time and in just a really rich sort of it to -- An entertaining event that's a good Y Tracy and -- robbery I think you guys and ending gateway time's important as we know Barbara garrison.
Foxbusiness.com might never move for that the flower that's right course that they're watching -- and I thank you -- think about it you get deep Beilein said.
To know that you could be caught in a different camera angle depending on what the viewers why did they get a lot of Aaron Aaron -- Yeah that's not a good thought that our off cam Jenna and then and I got -- and I.
Got a quick run a perfect from every day you're you're killing me it's kind of -- -- a time but I quick question for the gas I know you've got to run but if you can tell us and -- come back later maybe.
Curious if any of the the league's themselves wouldn't use their technology to better their replays.
Major League Baseball just comes to mind well and -- so wondering you know.
Crowd control -- you think about the president or other -- luminaries the Pope when they're at a big crowd events and maybe there's a couple applications that came to my mind if you can ask him and maybe less than when you come back -- Pretty on the board yeah we'll have a -- a lot of report packed yet for the board and and let you know what will be vaccines it's a little bit downs -- -- senate.
Thanks -- Some cool stuff very cool stuff I actually watched sporting events with that you would I would.
And now I'm one of those people that yeah -- -- It takes all my energy to actually stay -- I.
I just wanna watch out of area games love the giants and jets but can I please watch someone else if I want to if they have bad games that -- -- -- an -- down -- Jersey New York -- around here time.
Anyway that's just wishful thinking it's great for the NCAA that -- you can watch other people online we'll we'll be right back in just a couple of minutes guys.
Hey welcome back to foxbusiness.com.
Live -- is about 1240 on the East Coast that makes -- 940 on the West Coast good morning to all of you up and -- and watching us and I know -- riveted you're not leaving.
Even though I just say that I can't sit still for an athletic event there watching -- -- -- -- and it's it's late in the afternoon reading it I'm -- Thought I had thought that I would have a Pittsburg now Democrats at fort Pitt capital.
He -- How -- you give us dealers out of market games and ten men and it has -- football and -- now.
I would love to send up to you -- -- the Steelers nation goes all around the world -- some of the best friendly hands out there for sure.
I've got a terrible -- but I digress.
Anyway I've I'll let you start.
Tell us what Scott -- you seem pretty -- get -- big picture before we get to your picks.
Could you -- the total return fund what do you see of the total market right now.
Basically we we're we're seeing a number of of developing trends they're not particularly new.
Global growth is.
Really the main story.
It has been the lack thereof.
We we generally tend to think that investors need to spread some money around.
Both domestically and internationally.
And also make sure that they don't get caught up in chasing the hot returning.
Commodities and other -- classes and have done quite well this year.
We're here today to talk a little bit more about international.
But we can we can coach ever actually want blood.
And so you speak of international or are you thinking -- dead investors should be increasing.
The amount of exposure they have outside the U -- Because by most account is -- growth is expected to be better and bigger in the coming year outside the US that it is here.
I think that's true that there are two ways to play that game.
The one is the direct in which would be.
Owning companies -- -- outside the US whether that be in the developing world Europe UK.
Japan and so on.
Or to look US multinationals.
And even to some degree some of the smaller to mid cap names that have.
Either made some penetrations into foreign markets or who have benefited from.
Being able to source some very important labor and and as commodity inputs.
From some of the developing world.
So it's it -- it is it's kind of a two way street in terms of how you wanna play it we think that it depends on the investor their tax status and and risk tolerance.
OK so let's talk about Samir picks -- some of the artisan international value fund why.
Sure we think this is a great fund foreign investors seeking some broad core exposure to international markets.
The managers have been in place for about seven years now before that.
The league manager.
Worked at Harris Associates which.
Is the investor manager behind -- mark.
Very low expenses relative to its peer group.
In a very disciplined strategy.
They're not devalue guys but they're looking for companies trading at a discount to intrinsic value.
They're looking for pristine balance sheets.
And the looking for.
You know a basic long term horizon in terms of ownership of the individual companies in other words do the work from the ground up.
Get to know the firms -- -- the management.
Do do the research do the homework.
The results in a portfolio that has about forty to 45 names.
A lower volatility.
Than some of the more aggressive growth type options in in that space.
We've -- again you are fund managers and individual investor -- -- -- moving on to another pick and you have it in the emerging markets.
Why would I as an individual want to -- to buy into why this is the Harding -- nerve fund vs say the vanguard emerging markets ETF which has lower cost.
For the individual investor.
What what's the pitch there why why would I prefer to go with this mutual fund vs the the ETF.
Sure that's a great question.
A lot of times investors I think -- can get caught up in the whole concept of expenses.
Expenses don't get me wrong are very very important but expenses have to be viewed in light of returns.
It it's -- gross level what other returns and then also in light of volatility.
And he shifts are not -- the perfect way to get exposure to -- the classes that might not be as efficient as say the S&P 500 here in the US.
So allowing and an expert management team to scour that the earth is it would be.
To try to find this companies that are growing that have strong balance sheets and in really kind of try to screen out those firms that.
Don't have the same expectations.
Of stockholder friendly this that we have in the US.
Some of those firms are forced by the nature to be in -- ETF or a in emerging markets index fund we think there's still tremendous value to be -- In this enormous universe of developing companies in countries both does two to two -- value.
We not really a few seconds left and we put your picks up on.
So our viewers can see them but quickly what percentage would you have what percentage of -- portfolio which you have overseas right now.
By and large we target between 25 to 30%.
Of an equity portfolio.
Might go down a little bit of someone's nearing retirement -- -- retirement or quite frankly has a low risk tolerance because.
Especially with emerging markets there there you can manage volatility to a certain extent that they're always going to be more volatile than domestic large company stocks.
Fort Pitt capital and Pittsburgh.
You like this talents like the Steelers -- my favorite team that I'm a fan and you know.
Great you know iron city beer to I remember this it was -- I was a kid thank you so much for being with us back.
Welcome go Steelers hit the idea that that there were terrible towel from gambles focused on the box of hair and my mom's house still hasn't really.
-- -- -- To England to 81.
Cent -- 980.
I wanted to break we'll figure that -- back to back to bubbles and say.
Things going back.
As -- sports.
Welcome back at the end alive Robert Gray and Tracy Byrnes to.
That's on the opponent of her sons.
Like football team.
-- -- -- -- I was planning to take my ticket -- -- record fifth -- a planning to take my kids away for a nice long weekend and my son's flag football team is like in the playoffs going to the super ball.
Kind of stance let's be supportive mother.
But my girls and I really would like to good and some drink projects and -- would you and they -- good here freezing cold maybe.
Well thankfully -- he better win now right -- -- better when that's right Kevin from being president any vacations is -- to -- -- not feel so bad about it but -- well I thought I'm sorry I got.
I should bet on the other team well you know you're welcome to come back because any -- so we've he would get an open invitation anytime you wanna come back -- So tell us about Percival that you know this state of the state are people going on vacation they are.
There do they really are -- you see a lot of momentum right now into the first quarter of 2010.
They're still looking for value.
Which which really fits right up our Alley I think they're also looking for luxury to it's kind of an interesting thing where people are.
And they're sitting back and they're saying we'll look at them to take this vacation wanna make sure that everything's right and we really built their strategy around being able to.
Maximize on on that trend and while others have sort of cut that we've sort of gone the opposite direction and said look we're gonna separate ourselves from the competition -- And what's happened is is that we've seen a tremendous amount of growth over the last six months we sort of manage through 2009.
Like others have but where -- now.
We're now -- -- had so we're really excited about 2000 ahead of 2008 will serve to -- back to 20062007.
Where we in terms of universe is better economic years for the last you know for us we don't we try not to even look at 2000 and -- what we're looking at our trends.
You know we go back to 2007 and we see where we -- and I think with a little bit of luck a little bit of momentum hey you know we're not too far from our 2007 levels and I think.
That's where we're headed and we put a lot of emphasis on the higher end product -- I don't know if you know this but maybe this is where you wanna go -- your next vacation but sandals emerald bay we just purchased the -- four seasons that that created Zuma.
Which was six star resort in the Bahamas in the Bahamas Jeff -- in the Bahamas and we're going to be opening -- January 22 and it is our highest of high end resorts and -- -- seen tremendous momentum and down pre booking even before the before the brochures even out.
It's beautiful and that I have to take him time and my children and I.
I think had been to beaches now twice and we love it and I -- -- I love -- in this.
Economy is that I hate when I pay for my chip IP from my trip there's no surprises.
I have kids -- take one bite of something and they're sick of it and so this notion that everything is all inclusive they can do that and you're not like all right I gotta finish that she's -- -- just paid fifteen dollars sport right.
So for us it's very -- not to mention the activities and everything all included that's -- I love it is that why people are coming.
People people of choice and one of the things is exactly what you said is is that you know there are no surprises when you get down there.
You know we've really separate ourselves from the cruise lines -- that you know they.
Sort of go down that path of sort of all inclusive but when you get there the drinks and all that kind of stuff fire -- without.
There are no surprises you have up to sixteen restaurants so when you come back on the Turks and caicos on your vacation beaches -- sixteen restaurants to choose from there are no surcharges that any of those restaurants.
I'm only two of those restaurants are buffets so.
If you truly have an opportunity to experience a different kind -- a different kind of -- dining experience Italian French Japanese.
Have you -- -- working any new partnerships with airlines or with others to trying to make more all inclusive packages total package deals.
You know mature operators -- on line new strategies this year and to be -- business.
One of the things one of the new things that we did as may affect those just here for them Martha Stewart -- grand opening of our partnership between.
But Stewart living and sandals and beaches resorts we signed a long term exclusive agreement with down.
Which basically provides that every guest getting married on -- one of our sales and beaches resorts -- a Martha Stewart.
Wedding package so it's included in in -- wedding package is their newest partnership that we have were really really excited about because it again.
What people want is as they wanna be able customized to -- you're gonna get married even if it's your second time you still want to.
When it still make sure that you -- -- this experience has just avatar so it's just gonna -- it up where we reduce we do second chance wedding third chance.
-- -- -- -- -- So I -- the -- from earlier in the they're making me an avatar that I can -- so here's what I noticed is that even the beaches which are geared towards family friendly.
-- little weddings and for that exact reason probably because second weddings have kids who want the kids to have fun.
And so -- and I was very impressed with what they -- They went out of their way for the bride I mean it was still full blown this is not just kidding barbecue wedding it was still a wedding.
My girls that sat.
In every wedding that happened that we -- probably in like five or six different wedding pictures and that was was most impressive and when we were talking to the Martha Stewart people we actually had Martha.
And Robin Marino fly down the CEO of -- of Martha Stewart Living.
And they actually came down we had them take a look at the experience that we were giving that the clients then we want to make sure that they could add value and you know she took one look and she loved loved the product.
And down she said yes absolutely we can make this better because just like you said it have to be that that every little Vito has to be taken care we have.
On site people -- -- you know wedding coordinators wedding planners.
Last minute changes anything that you need we we have those things down there.
We have to quickly -- -- our destination weddings really helping at -- have they made a difference because it seems that that's the trend rate that it no one wants to spend the billion dollars here.
Why not go away.
Twenty people on -- beach destination weddings are the best value that you can have if you're getting married today.
We have packages that start as low as 3000 dollars 15102000 dollars for a -- package you can bring a whole.
Your whole bridal party down 2030 gets to the price of you know -- a third quarter of what what it would cost you'd actually rent the -- and do something this and you being -- taken to an exotic destination.
And -- have all the -- so it is the best guy that you -- -- we get some great sales going on right now to with a right now we have assailant ends in two weeks.
Where for the fall especially at beaches if you looking to do your destination wedding down there book for the fall beaches we have great product and great prices available right.
-- -- Thanks so much economic -- You've got it on the -- -- -- interesting road trips her up a lot this year to gasoline prices are down.
-- just AAA so I'll just say in the it would have one half percent more people traveling in a year ago a lot of road trips up but.
It sounds like maybe some folks heading to the Tribune as well.
In -- -- unless they're flag football.
-- in the finals if -- in the car more than fifteen minutes of my children it is not a road -- We'll be right.
Hey what's that about him is that come -- this info and it's been like a road.
-- -- -- that that's why I love this but we can't go back to the West Coast ms.
Something caught -- eye out there and she's gonna share with us in the -- avatar.
-- few different things.
-- he -- everything still market had a great parents though are not at.
I had a couple things at first I guess my answer Roberts questioned that before it was my next guest on some light.
This might let you guys know that they he says he doesn't know -- breeze or hour and umpires for that matter would be able to use that replay.
A device and a border for their own use that work but he says it as possible that's -- -- this evidence is big speeches but I think it I hope.
As -- different camera angles and able to do it snowed this kind of interesting bit of -- action I Robert -- -- -- think that Robert Frank yeah.
-- And -- yeah.
Illegally you better this -- about weddings.
And really inside you know wedding -- -- and you know your wedding gifts candy as you guys are mentioning you know -- can be icy weather getting married you're getting yep.
And this isn't really.
It's special Friday.
That could be perfect for something like that it's called video and I'm joined by the vice president at onyx -- and -- -- I need to talk a little bit about -- -- you know it is in the reason I managed net in the price point that it is.
Considerably higher price point that's really the pirates have been talking about her that handle streaming wet so -- -- get with that is you know how much as a constant and what what is part of that -- It sure so what we're announcing -- is your Internet apps and it's a series of TVs that include an Internet connection and applications so they feel is.
At -- brands like it's like well it isn't.
Insignia or Sony Panasonic -- video is the next thing yes this is actually the number one brand in the United States we've sold more you can clear that they've been and.
But he also.
And that it how -- that.
-- -- -- small TVs start at 200 dollars coming up to 2000 dollars but the ones that we're announcing with Internet applications start at about a thousand.
For 42 points in the go up to.
About 2000 dollars for -- 55 cents and that includes wireless access tonight on now for 55 inch TV that's pretty good -- competitors sell for about 45 I don't.
I'm excited TV and I I just work on TV so -- what do you make it.
What is actually get me for 2000 dollars if that's an investment I'm making yet know what I'm able to do for -- bad -- So you would get a 55 inch TV with LED -- it would have the highest picture quality of all the TV's in the market and you get wireless Internet access and be able to use applications like Netflix okay Amazon DOD Twitter FaceBook all -- -- remote control that actually includes.
-- keyboard for you to.
Access to correct what can I shot unlike Amazon's -- -- -- my they're not yet but you will eventually yeah.
Next year next year when -- -- -- relay yes yes you'll see e-commerce applications you're gonna see.
Followed by the militants -- will see a thousand applications available through the TV that you can download at any point as are using the product.
And so -- costly update with new interest in things you can do just like.
In a lot of people use the iPhone and now there's there's an App Store where you can get new applications the TV you'll start doing the same thing.
You know we're -- -- right here in just a moment but as people are looking to get good deals it shot to get hot days are looking for hikes and made that it doesn't like.
Like the -- -- very concerned about that -- point considering the uncertainty over on the come -- well actually we just -- -- 55 truly -- product and we can't keep it -- -- and that's how much again that's 2000 dollars but you remember this hobby is it's academic to TV's on I'll collapse Greece.
-- at Wal-Mart we thought hospice from the largest tree killers in the world are our good partners but that price is about fifty to 60% left in the competition.
So everything's relative that's a very good product for the money and again our products go down to about 200 dollars for a first marketed for your kitchen.
That's interesting -- nappy headed back to bed now and I were talking about before I hate to think about it -- had your your your dvd.
Player you have on either devices has got -- -- still need your cable box to my son need wave and Internet access on.
My Internet access but everything else is 150 players step up boxers -- -- all the other devices get sucked into a Smart you can instead of just.
A normal and the other went to -- that means to me let -- Let's -- in the living room let's look at putting it right but -- -- you know I.
And this is like this supposed to be the new business is the person to come to your house and -- -- -- all up.
Could -- Geek Squad.
Yeah trial service that -- going for it yes you have to actually -- by the TV is a very simple wizard that helps you said about.
Is that TV season in Yates racing -- -- come back in -- and maybe get to avatar and that.
They have got great feet and I am not if he's -- help my technological life but he's more than -- economic club.
-- -- -- -- Senior.
Thanks -- had a it's it's lunchtime sorry it's -- -- right about that actually it's.
It's all it all sounds so fabulous too doesn't it what who's gonna win this is the question about -- -- -- not anymore but someone bringing up on the board is it streaming Internet.
On TV is it or -- to be on the Internet Internet on the TV when -- we've heard about -- for about twenty years now.
It's almost there but the question is where does it end up in who wins and or does -- -- since we're on the way.
I'd like to say that we win the web wins.
Because you're nobody's home anymore to sit and watch TV.
Take it with you about that.
Down early black eyed parents.
Or get the -- podcast -- -- -- on Hulu on your laptop whatever wherever whatever.
Mean you got to believe that's where this is all going right now.
-- who's home to sit down and watch anything anymore.
You can watch it why -- the flag football you know we work for business channel that's right.
And you should be how much and that's of course -- somebody clearly is waived that right now that the heck if she's saying.
We go wherever you are something like that I don't know.
We'll come up with a -- -- three market that's down 56 points it could be a lot worse were hanging on the housing starts -- was part of the problem today yeah.
Hopefully this market holds itself Robert -- they've been at a time costs Bakalar can breathe a sigh of relief I'm sure Connor -- -- when they hacking up the links.
Don't get back tomorrow all right and -- so will -- to access the -- read as I live but --
Filter by section