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I look I've been -- on my -- Chris -- it's Tuesday to you it is using -- used it.
-- on the East Coast tonight on the west good morning to all of you out there thanks again up with us -- about forty points.
But -- -- auto numbers all morning that's pretty much what we've been talking about GM sales up.
And you broken down earlier on Barney basically they're up a lot based on the few models that are left.
That's right yeah because what we're talking about here it's almost hard to get apples apples within this time around because we -- off February 2009 that's they still were selling saturns sobs.
Homers and most notably potty acts -- so obviously has sold a lot more Pontiac since February 2009.
-- they didn't February 2010 they stopped making them.
-- when you're comparing apples apples.
The same brands are selling now compared to what they were selling a year ago up 32% that's the core brands GMC.
Cadillac and when -- forgetting Buick.
Yeah those four core brands but if you throw in the -- acts and the homers and whatnot they're eleven and a half percent higher than they were last year which.
-- might commit a little bit disappointing but that's why I look at and I said OK they're much smaller company.
Which is what we wanted them to be which is what they wanted to be.
They control their inventory significantly when you look at inventory at the dealer level at the end of February was about 60% of what it was a year ago that -- shows you how.
How amazing their transformation has -- in this huge -- long automotive company with all these friends -- they couldn't control and really market and sell to.
A much smaller company with greater inventory control for core -- that's what they are so at least we have now GM coming out.
With their numbers Ford should be any minute we're gonna get for -- as soon as we get them.
We'll give you those numbers are expecting to had a pretty darn good month of 25% in February 2009.
And then we also have on the situation with Toyota.
Giving us they -- you know this deal.
Right which is crazy and we were talking about this earlier -- if -- -- gonna make any money but you got to -- offering 0%.
Interest rate for sixteen month on some cars.
To -- two months on into -- ten models.
Integrate got to be in the market for a car that's -- -- -- -- And hearing number two by the way -- in the states for Toyota -- on this afternoon as well we're gonna keep in any year denied that so.
-- whole lot going on in the automotive industry that is for sure of course that was -- it was going to be you're still talking about the GM recall about you know this power steering issue you want -- million cars.
One point three million cards and -- only really kicks in when -- don't go on about fifteen miles an hour now look I don't know about you and maybe I'm just old.
I remember being in cars that don't have power steering -- -- -- still.
I mean you think we have the recall paranoia gone on here well.
And all the cars without power steering you know a lot of big cars back in the day without power steering -- is right this morning when he said look.
When you're going faster power -- it doesn't make that big of -- difference when you slow the car down.
Not -- power steering.
Is a big deal especially when you're used to having power -- when you've had -- your -- the entire time even driving a -- in 1972 Plymouth valiant when I was in high school.
I need to have let my friend Dave Neal riding shotgun holding on the steering wheel helped -- turn that -- the right.
But done -- -- nowadays we use to power steering you don't have it.
To become so we'll talk about that it I have my own -- Choking each other before the end of the day yes all bulls aren't -- each other right now -- second day in -- -- coming -- ten -- here in studio with us.
The talk about it this weekend could see -- -- -- we're talking before the show you're from Oklahoma this and you know we talk to people from Chicago though from boss did even my relatives in Atlanta -- -- had a terrible when you guys have had.
-- -- -- we've had exceptional winner I think three major storms.
Still bit unusual for our part of the world.
On the soul of Oklahoma -- at the very energy dependent terms of the economy and Oklahoma isn't that energy is definitely the cornerstone in our economy and definitely.
Where we see some stability for anyone in the unit in the market place.
As far as the steady dividends that are paid by energy companies and even more importantly if we're gonna have a serious conversation about alternative energy.
Natural gas and more specifically compressed natural gas is the only viable alternative -- -- in our economy it's available to be put into place and and that will be.
The real story.
Let's talk about that story in -- market these days now 43 points up today.
I mean we've been really this is -- until we'll see some market we're talking about last week it in me says that we were actually up for February because man it was a it was just every day roller coaster ride volumes and kind of low -- what do you see England -- Well it's definitely a classic low volume rally anytime the -- is the slow.
The markets -- -- take the movement.
When there's not as many people buying and selling in the markets.
But that whiplash you're using the card story early that whiplash in the market.
Is part of that technical.
Marketplace when it is an absence of high volumes.
Is looking for any indication of whether you should go up or down it's following the the channels.
And when it reaches one of those upper -- it -- -- right back down when it finds the lower end it with -- back so.
Absent of any major market movie.
Forces that's what we're gonna say -- that's the classic.
-- -- -- and the market.
So can earlier in the day Charles -- when our co workers.
Was saying how really through the end of the week there -- a lot of positive factors contributing to the market even knew what this jobs report -- -- on Friday.
But we're not nearly as.
Bullish as we have been on our jobs over the last four months that we kept thinking all we're gonna see -- -- and -- addition.
The jobs last month what we -- hand with what 75 decrease in jobs -- 5000.
This summer -- 50000 maybe 85000.
So does that help the mark in the fact that we're not nearly as bullish this time around.
Well you know -- the market's move off of what the companies inside of the market that are traded.
Can -- -- for profits in the next three to six months.
With lower job creation.
Then they're going to have to look to increase productivity if they want to continue those earnings reports and as you say.
Through their earnings season repeatedly you get companies that beat expectations on earnings.
The only way they'll be able to do that as an infusion of technology or personnel.
We're not very favorable or bullish as you are saying.
Think that the job numbers will go up so they -- -- need to start investing in technology hardware and software in order to be able to keep productivity high.
Do you see that happening at all though because we didn't all we've been seeing really -- our.
Cost cutting -- in order to make these numbers were not seeing any top line revenue growth the end so.
But are we seeing any -- you know -- purchases and things like that yet.
While the it's starting you know that's -- the schizophrenic message that markets are sending us -- company.
Reports better than expected bottom line numbers but -- because that it cost cutting vs top line revenues the market punishes him.
That company is actually in a healthy position to continue NA NA challenging sideways market.
So yes we -- see with the amount of cash its own company's balance sheets.
They'll start putting that to work in the business spending cycle.
And we'll see that more.
On reports of the first quarter for 2010 -- second quarter 2010.
You know Bruce Vincent to join us in a little bit he's the chairman of the independent petroleum association of America we -- talk about proposed.
Taxes or be getting rid of tax cuts and tax breaks for natural gas companies for major oil companies.
Doesn't that worry you going forward that you just don't know what the government is gonna do to -- from the taxation standpoint.
Again some of these big energy companies -- you may how many billions of dollars last year only got a -- now.
Mean you know now more than ever.
A government policy and intervention is is a reality whereas before.
And they weren't standing in the way of the market's moving now they are our reality and we're gonna have to accept that.
The challenge and why the market's kind of floundered -- -- is because they don't give -- clear understanding of what those rules will be.
Is -- the you know going on the tax -- on emissions is going be attacks on something else until late set the legislation.
Then the businesses will -- what are the ground rules and they can move forward it's -- while we sit and debate it and then.
Political limbo -- the the market's kind of don't like that will continue to flounder -- even.
Talking about this unknown factor for the longest time now can thanks for being -- thank you very much -- you -- -- Sam -- private wealth management from Oklahoma.
Yes injurious stay here in sunny Manhattan and pleaded not only did any event in -- at least -- not -- We can't keep talking about the auto industry we had a talk about.
Natural gas dry a lot of talk about -- a retail -- on as well going to be big -- that would.
We'll come back foxbusiness.com.
Live we're getting numbers from Ford actually US sales up 43%.
Second quarter production -- 140.
4000 vehicles -- year ago.
As a pretty good number coming out of.
Yes very good numbers coming out of forward.
It just begins weeding through the numbers are just coming out.
In -- solid I mean it's better than expected that is for sure US market share now for February estimated about 17%.
For forward and certainly we're gonna get Toyota numbers.
A little bit later on but this is pretty darn good in terms of market share.
-- light vehicle sales up as well 142000.
Ford Motor company's sales rose 53 point 5% that's US total it and these are good numbers coming out of forward -- again -- well.
-- no question bars low when you're here you're comparing when -- thought -- -- a percentage rise from.
Armageddon which is February of 2009 about as bad as he can get for the automotive industry.
But still -- talking about an annualized rate in January 10 point seven million vehicles that's right at the bottom.
Of where the auto industry can be in this country continue to be successful so.
-- -- before the day JD power & Associates came in thinking we were gonna committed on nine point nine million in annualized.
You know not months like this and forward maybe -- a little bit of a better month from General Motors than than what some people expected might get -- above that ten million annualized number despite the snow that it was easy as an excuse -- have we have forward.
US market share.
For February alone estimated on 17% so that that's pretty good yeah and certainly that that is something you look at it you could say okay fleet sales are helping but certainly.
The market share being reduced by Toyota helping -- forward into the mark.
Yet if you're showing earlier outlook for Federer is rotten month G -- it was -- one of the warmer generations you know while which was.
Why I was saying earlier air conditioning job creation but there wasn't.
And they get generated the month of -- not a matter where you looked there -- snow and yet -- still had 17%.
Increasing -- I don't know I didn't want my trucks I've froze my focus off.
January I don't know about you I didn't feel I used to -- might use a lot of natural gas.
Bruce Vincent gonna love hearing that chairman of the independent -- an association of America Bruce -- we all he's a lot of Nat gas.
Here this winter it's been a very cold winner.
That has to be very positive for natural gas I would imagine moving forward.
Well it definitely helps you know we entered the winner with a record storage.
I mean we had a lot of natural gas available for use.
And we ended up with a fairly cold -- and using quite a bit of it so it's good not only to have available but it's good for the industry.
So where are we with natural gas as far as supply demand.
Supply -- out pretty solid.
-- -- -- -- -- wonderful American story industry is in fact discovered.
What I like to think it was the mother -- of natural gas just in the last few years.
Developing technologies that allowed us to tap these shales.
Throughout the United States.
That have now operated abundant supply natural gas that many believe -- well over a hundred years of supply.
So it's abundant and it's affordable that's reliable and it's here today.
And best of all that its -- Well -- It certainly it's becoming America unfortunately is -- -- getting rid tax breaks and it looks like the Obama administration is once again.
Looking to repeal.
Tax breaks for both the oil and gas industry trying to generated additional 36 and a half billion dollars.
How much will this hurt the industry specifically natural gas but I -- the entire energy industry in general.
Well tax policy is real important every industry and certainly on gas industry the president.
Has proposed as as he did last year the elimination of all the tax benefits that the industry has -- We have to remember that what these.
Tax benefits -- -- really cost recovery mechanisms.
Are items built in the tax code for the mitigation of risk that an industry text.
Some of these deductions that the oil and natural gas industry has given the fact been around for a long time.
And tangible development.
Has actually been the tax code since 1913.
When the tax code was.
First developed and they're built into the fabric of the business are built into the fabric of economics of the industry.
It's upon which people made original capital investment decisions and if they were taken away you would have a number of things happen.
All the intended consequences to raise revenue for the treasury the unintended consequences loss of jobs.
Reduction in American production increase in imports from on reliable places like Venezuela and Iran.
And ultimately increasing the trade deficit so all negative for the American economy in -- time that we need the industry to actually be developed.
And jobs so then what do you think at all cap and trade policy.
Dead -- gonna make it in a different farm where you stand on all that.
Well I mean where I stand on that I think captain -- any kind of policy needs to be based on sound science and sound facts.
I think as we see it going through congress it's probably not gonna happen this year I think the economy really can't stand it I mean.
The passage of cap and trade as it was first and vision with the Waxman Markey last year.
Are really -- crates is huge tax on energy in America with the rest of the world not following suit doing anything alike.
It would make of all of America's business less competitive in a very competitive global economy.
We we talk all the time about how.
A lot of these green energy initiatives could not make it -- are not self sustainable without tax breaks without -- government help.
With the wind energy whether it be solar energy whatever the case may be.
How do those tax breaks.
Differ from the tax -- at the oil and natural gas industry yet in terms of their ability to be sustainable.
Well in all it it's important for government policy to sometimes -- -- tax incentives in different industries to help get something started.
But you don't want -- -- a subsidy that continues to go on and on and -- And you can look at some of the -- incentives that were given the same wind energy.
Our other renewables and other places in the world like in Spain and they really become subsidies.
What you need to do is help develop technology -- they get up and running become competitive -- other technologies.
You know the oil industry has been a target of much abuse and so many levels they make too much money.
You had to remind you and you and I both know they pay a large sum of it back in taxes and the federal government.
But there's been a big big push to come down on the oil in industries.
What do you think about that.
Well one of the things that people have I'm mistaken impression visit think of all as big oil and the fact is -- in America.
America's longest producers really are represented by independent companies.
The independent on gas company's average about twelve employees each.
-- independents actually -- 90% of the wells in America they produce 82% of the natural gas and 68% of the oil.
And so the true American owned gas producers of small independent oil and gas.
Company that -- works raises her kids in the same areas that they -- -- wells.
Not much different than the classic American farmer.
Bruce quickly what's -- -- -- -- should we be expected to see in natural gas coming up.
Well that's one of the things that people don't fully reprieve (%expletive) about the industry either is the advanced state of technology that the industry -- were constantly developing new technologies.
I've talked earlier about the mother -- of the discovery of natural gas and -- That's really due to technologies that have allowed us to.
Drill wells horizontally which means you can drilled als say 10151000.
Feet and then like a right turn and -- out another five plus thousand feet.
And that you can hydraulic fracture of these horizontal well wars in ways that you couldn't do before.
Imaging technologies such as 3-D seismic that allows you -- see things.
That -- didn't do before the computing power of the development about rhythms allows you to processes data in -- you couldn't do before.
It's remarkable in terms of the things that the industry has done some say that actually drill and -- and 101000 feel water.
Is actually more technologically difficult instant and Amanda the moon.
That's -- Hey Bruce thanks fluffy time we appreciate it thanks Chris thank you -- residents -- chairman of the independent film association of America will keep an eye on those taxes and hopefully we'll.
We'll check back in without that you can -- sideways June 5000 he.
That's pretty cool yeah I asked some fascinating -- fascinated by sending him into the moon to.
Lets you know that's one thing that drove down that's gravity to slip through the impeachment on.
-- -- drilling gravity through earth it's not really gravity once you hit.
There it just seems logical that you drill gala into Amazon right now I have I don't forget Toyota hearings -- I'm not not an element that's missing -- point I'm not I'm not Toyota hearings going on right now on foxbusiness.com.
Where you can see those live we got a little money out there in the corner.
You can check it out so do not forget about that and Shapiro is here -- this talk about.
The General Motors recall now a chance we got word in this last night one point three million vehicles -- -- and mysteriously General Motors moves up there announcement on their off anyway sales if there's some correlation there.
-- personally I.
A lot of -- talking about other trying to get people not pay attention to the recall but the recall in the grand scheme of things mechanically in many look at Toyota.
It's not a big deal -- recalls all the time and we'll point three million -- -- a big deal if you have one of these cars it's a pain in the process because I don't think we can say the three letter version at.
I don't have said took us by the way that we're not -- Texas.
No I did take notice I said earlier when I was -- I found himself valued at even in New York too long are you from Winter Park Florida ideas how -- play at -- later party -- don't have -- Florida whenever -- park you have read without the -- and I'm Floridians -- Yeah -- to say that and my ball and -- -- always.
And again our -- minutes OK and you I don't get -- -- -- about the day.
But bottom line on the GM recall make your question no I don't think GM was trying to cover you know.
Get people updated to the recall I think they're dead they're darn well I can't take dance and I they're darn well -- to the fact compared to a year over year sales were up what was it forty.
That you overseas sales of about 32 particularly.
Mayor -- does not cooler brightness and while the core brands are all that exists now now the hot hot hot topic if it's that is general motors' Chevy Buick Cadillac and I GMC truck.
But the fact that -- sales -- -- and to -- -- five eleven half percent.
That with the recall issue at the -- this recall issues and even bitty teeny weeny itsy bitsy little ball bearing.
And it's causing a rather larger.
Powers -- motor on there Chevy cobalt 20052010.
Model in the 2007.
2010 Pontiac G five essentially same car different skin.
It's causing in some cases the -- -- -- -- not to function properly when you drive.
Fifteen miles per hour or slower so a lot of people in South Florida over the age of eighty today -- drive -- this.
This is this -- doesn't.
Saying god -- cobalt that it had affairs fuel to stay off.
Mean you know when do I know the cobalt is is the card question here and and -- the G five and did this the -- -- motor by the way is built by company out of Japan.
Which is 50% owned by Toyota I'd you know I had to win for -- a little there's no -- Toyota but look -- did this is the deal.
It usually develops this issue in this Chevy cobalt or the Pontiac G five for our Canadian viewers -- the Pontiac pursuit for those and you -- -- all the pursuit.
And in Mexico the Pontiac G four for those have you who can -- -- -- the Pontiac G four.
It's the -- that the same cars -- twenty to 30000 miles as when it starts to develop its not a guarantee it will happen.
But what does happen is when you're driving that slow -- as we like say speeding with the blue haired set on South Beach.
The did the Paris this may not work properly.
The the danger in this is really next to nothing because cars up until 1960 -- -- was an option.
Power steering rather and you're not gonna lose the -- because the -- -- motor doesn't function you can still steer the car.
Going over twenty miles per hour you're not -- -- even notice she lost the power assist steering it's when you go slow.
Or when you try to parallel park that you're gonna notice they -- It doesn't is -- here's my point with this one point three million vehicles.
It to me it's it's the -- there's a quality control bomb.
Just as there is -- could -- from a Toyota because because they are lucky that this is a ball -- just in the steering column and not a problem with a connector may be the brake lines were you lose hydraulic would be a little tiny connector of the brake line.
If you lost hydraulic pressure all of a sudden it breaks you want to bring it.
Quality vehicles GM found -- you know started investigating this in 2009.
They went ahead -- this recall today.
Is -- the quality control issue well you know the quality is in the part that's built in Japan by company it's 50% owned by Toyota.
You know quality control doesn't always mean.
My thing and probably that's the prevention of the issue that means when you find you to fixing it too doesn't it no I agree if you and that's -- I think you can make a distinction that GM and it looks in this point anyways.
In this case they got ahead of the issue boom in a much better fashion than Toyota -- -- -- they they had fourteen crashes.
And they had one injury that they've they've said attributable to this sense.
You know you're going under fifteen miles -- got to wonder what that injury was -- You can't even compare this to the Toyota situation in which you have a series of sudden acceleration -- to have a recall in Canada and Europe.
You have 34 deaths they actually raise the number this morning.
Attributable to a possible summit acceleration of that.
This is nothing like that this is a mechanical problem they've discovered they haven't come up with a solution yet.
There they're working out the plan to fix it.
And it could include replacing one point three million power -- motors the other thing they still have something like 2637.
Any they -- tackle the problems fixed and I davis' recall -- guy might well be unseated for you once.
For once we agree.
This is hyper at ten mountains.
On recall world because if you go to admits -- right now you can look up every car and every car has recall issue soon to fix this to fix that and you know the only last thing you can say about this is if you're upside down -- -- more I.
-- and I actually got -- into the banning all thanks channel that is that is good advice I have good financial advice drive under fifteen miles.
Our guests have been -- what caught your -- violate trades.
Thank -- and it's -- child obesity is going -- -- this interest me accidentally -- because.
We've noticed them up for awhile but for two reasons now this is the first ladies.
Big stick -- that's her child obesity.
Governor Huckabee -- interviewed her actually talk further about her big stick her big platform as First Lady.
And and a seven -- fact that child obesity is going up.
Interestingly the -- -- of obesity is in Mississippi.
Is his kids tend to seventeen below street is that you talked.
Pretty much came in stable at around 22% among the wealthier children.
And non Hispanic children existing condition acting more and -- -- out there these days and we were kids it was like homemade cookies and that was it that now the plumber stuff.
But this -- the there's a lot more processed food.
There's that but this a bigger issue than just we got -- fat kids this is and the governor was talking about this.
You know he was saying that these days -- and of course I don't remember the exact percentage but.
There's so many more people these days cannot get into the military.
But could -- are overweight.
So this can this thinking of the big reaching -- at all like now I got past security we can't get enough people -- the army navy air force -- because we got a bunch of fat people grown up in this world right so there -- -- -- of course health care debate comes into this as well.
So the fact that we got there you know that our kids are getting heavier they're much more century of course we know that video games like -- watching more TV.
-- I think it's a bigger concern and like I said just the vanity.
Well you bring in the whole military thing you receive full metal jacket by the file member of the donut in his -- it.
Meaning more neutral sites like we need but that's -- it was a stunning statistic stunning just mentioned that.
There's almost double the Atlantic kids that can't get in because they're over -- -- that is something that Matt McCall could GA and but he was way too much of a slacker.
He's gonna join us when we come back to talk about stocks -- -- -- I've been around here to defend himself in the here man.
-- about the foxbusiness.com.
Live Chris -- and Tracy burns up 25 points to -- is fading a little bit here today we have forty some odd.
Before we went on the and we -- up.
What about 75 earlier on that -- -- -- -- will weaken a little bit here but still positive territory starting the month of march off on the right foot you know what for those who are unemployed right now.
They're trying to just sort of stay on the right foot as even as saying what what am -- doing.
There's no such thing as saying on the right foot they're trying to keep their benefits and right now there's still a lot of discussion on Capitol Hill as well that is -- is not going to happen rich -- is on it.
Joining us right now from DC rich we certainly heard from.
From several people on Capitol Hill about whether this is gonna happen -- it's not gonna happen with the latest.
It will happen issues when Amylin had how's it going to happen and how long are they going to extended its if you look at the Department of Labor.
They're saying that by the end of this month one and a half million people could lose out on benefits if congress doesn't act so right now there's a whole mess going on the senate.
-- -- move forward on a smaller bill do they move forward on something bigger with tax extensions.
Tax credit extensions and actually expired at the end of last year.
To congress has taken its time they've all focused on senator Jim Bunning -- objected to moving this bill Ford five.
You know the house has a bill with highway funding that the senate sent them over a week ago and they haven't acted on -- Senate majority leader Harry Reid stripped all of the funding for jobless benefits and and some other provisions out of his bill is jobless -- is.
Job creation bill so but he's appealing one to blame here I mean he is he's a guy to blame but he's among a number of people line.
-- -- part of -- -- issue with that we weren't paying for this we were given into the deficit yet again to fund this thing did that get fixed on grass left.
Now I know the bill that we're talking about now is a 150 billion dollars or some tweaks on tax credits that'll raise -- -- billion dollars tens of billions of dollars but if they pass this.
150 billion dollar version they're talking about it still would add to the deficit.
I love the tweaks we're talking about a 150 billion well they give me to add a billion here and take away a billionaire.
And this is senate bill what are we talking about in terms of the reconciliation with the house.
Not yet I wish I could tweaks company come up with a billion dollars -- -- yes and hope that but.
You know the house passed a similar version in you know that whatever the house does the -- -- -- thank you very much.
And then it does its own thing to believe that the house passes with the senate does so.
We -- expected the senate will make -- changes.
And probably considering.
This really the time sensitivity of this issue you've got folks who run out of benefits you've got doctors who will soon be facing a 21% -- If they treat Medicare patients.
And you've also got the highway trust fund that's run out and construction.
Jobs are really not.
They're not really crews are working anymore around the country because of that trust fund so you -- imagine that the house if the senate passes it this week which they say they will they'll move on this pretty quickly.
It's a funny say that about the the house though because he believed the house and just fed up with -- in like that you know the sloppy -- candidates have shown today.
It is they say this this nobody cares nobody could attend at least nobody being sent it meant paid attention -- and make -- And it is I was sick derivative George Washington quoted -- -- -- Thomas Jefferson about all this in Jefferson says we'll look the house.
Is that the tea pot in the senate -- the saucer where -- all cool scenario takes the senate.
-- -- A hot time to do anything and that's really by design so now the house can pass and all these -- the senate.
Slows the process down a little bit but in this in this situation you've got folks who have gone without jobless benefits so that they're gonna want to move up.
Thanks rich we appreciate it thanks for thanks guys -- kids -- DC getting us up to date on what's going on that unemployment benefits situation.
On Capitol Hill -- earlier in the day I quoted judge you know you snails that shed some quotes Thomas Jefferson that's the difference between he.
And I -- easily highbrow Stuart -- so bad I know what it means I have Mack truck so I had no idea that -- -- he's -- boat in caddy -- was the flying -- -- wants present white Anglo Saxon Protestant yes that's the whole point behind this -- provide what the market -- right now we're up when he three point.
You just send them ironically enough part of my.
I stick with my -- obesity it's kids in kids is down believe it or not you -- of what -- profit smaller charges and asked basically downturn on revenue.
And we can't talk about this before because they put themselves in Wal-Mart -- two weeks starter package.
-- disappointed that Walters explained by the company's outlook as well known for our stock had a nice run out so that could be it will pull back.
Staples down as well fiscal fourth quarter earnings fell 18% this is because -- restructuring and legal charges.
And again they projected earnings below analysts' expectations.
-- and follow -- up a little bit you know for a while so.
And they had that run for the time being people -- so reliant on small businesses though right and when you think about it.
And cutting back that's kind of I -- staples my limit of about one of them.
And -- also supplies sick when you went back to school in September and sentenced paper clips and stuff.
-- Cinema is this cinemas all -- actually they have had a bunch of really good quarters because people then go to the movies through all this.
And carmike swung to fourth quarter profit this is only the second it's seen in the past two and a half years.
A double digit growth in attendance is people -- alcohol and even the 2009 was the best you in the movie industry that is it was -- that's -- US and it topped Wall Street's expectations.
We talked about Terra Industries earlier this the first of the fertilizer producer CF industries -- yet and that.
Offer for its rival terra terra it was up about 12% earlier the deals -- that's four point seven billion in cash and stock.
Lewis do you know hello there as well they have been on a terror as a lay off as we need to move on -- now on the offense and admitting yeah.
A little more thought have a right -- That's what -- for -- pretty furniture and the reason I chose this is 'cause I was a little shocked that furniture was but it was up.
It's up as much as 20% earlier today about nineteen when I left earliest that hi this vaccine -- -- years the company reported -- Rosa.
I'm -- and I don't that's on the heels of lazy boy was I yesterday with a laser blazing oil dropped to -- the -- and furniture is -- -- even hasten to say about people they're not moving.
They're staying home they're normally we talked about that -- Lowe's and home people there like any cabinet communications in and -- and not not the -- recliner.
I'm -- for that.
-- -- -- -- -- President Penn financial group alignment that I got a bit earlier on you probably -- -- in the -- -- I said that as of speaking a slacker is not a cause and it's unclear -- the only reason.
Why I said it's because I too.
In a big time slacker as well site that you -- about the whole point was that we would never made it you know slackers unite we will never -- never they never.
Really felt like -- was -- -- this Tracy's when I was that is so many fat kids around the country -- the military's -- having a hard time.
People that can be they'll fit enough to lose revenue between the federal open they would want to.
-- really -- yet -- -- shave their heads through the Pentagon being bad in that -- one of the things -- looking at right now -- this market is that what's going on in -- -- I've heard there -- ways you can make money -- in a lot of -- you lose money right now and getting -- in the wrong places right now thinking you can might donate equipment in -- So it's not a slam dunk is.
It lost not a slam dunk but this is something that I've done for years and look into what -- situations that you would kind of disasters you know carnage.
Go back to the bird flu H1N1 the hurricanes that wiped out the golf.
I trust may get a lot of hate -- every -- I do this every time publishes articles on how to make money and disasters.
I'm not -- -- to take advantage of people that are that are dying and being hurt by this but there are investment opportunities because -- people invest.
When -- behind so it's all psychological so people sold Chile yesterday morning on the fact of the country's gonna fall apart because of you know one disaster but this country's actually bouncing back pretty quickly.
And they GDP you expected to -- on about 6% average next couple of years so I saw this weakness as an opportunity to buy into the country.
And the athletes who I guess you could say well -- -- you take advantage of somebody else's misfortune but if you're hot but nobody if you're buying into companies that are based in -- Jay helping them out Matthew Clark importing capital not a huge -- Have well -- -- a -- and I did it.
Call agrees it -- -- I'm Disney gotta you gotta -- and -- I mean business and try to make money but you know and I always you know I feel bad for them but again lately Chris said by us buying in these companies were were propping up that's not the level that actually company yet -- -- go to the airlines -- Lan airlines south American airline based in San -- Yes which is the largest -- city in eventually capital.
And actually they're bush shut down -- for -- -- did get hit -- -- -- down yesterday we -- right on the open it was down around seventeen changes bounce up a little bit today not much.
But this is -- that has been on my watch was matter of fact for months it's about the breakout to new multi year high.
It's actually are -- of the strongest airlines out there right now and -- they do great business and a lot of people are traveling to South America which is what they covered in -- airlines you have there.
You when you look at those differently and that obviously look at him differently than domestic carriers but just in terms of the way their price than anything goal is another airline in Brazil that had a lot of success as well you know his goal this -- -- that the other three big south American Airlines.
It's it's different because if you don't have the same regulations that you do here in the United States -- -- does may be short little trip to people take from New York ABC or New York to Chicago.
A lot -- chewing on making any money you make more money and international.
He's a more international flights you know of course they do cover South America as well.
But no -- earnings and that's the bottom line they're actually making money.
And did the price a lot of on the same value as the inverse of the US airlines but you're actually making more money so they're undervalued it doesn't sink -- next -- now is -- -- -- -- say that one of the largest banks.
Chile and being the largest exporter of copper write about 34% of the global world.
Production to know proper place here why.
Well I just thought those -- -- too easy and plus -- compromise -- she shut down for a couple days so what happened was that we didn't do that it would happen more.
What's we have put -- back up on Monday so that was more of overreaction the price of copper spiked yesterday on the news obviously that it was shut down.
But a lot of the Asian copper companies did really well -- -- spike because.
Does the Chilean copper -- upon -- to shut down for a couple days some of the bigger ones so as their shut down some of the other mines outside it sure we will take advantage of the fact that they are shut down that's why shy away from it.
Look at her -- love Southern Copper which is based that a group yeah that's what my favorite copper company.
The -- that should they go to -- In this going to be possibly thirty billion dollars spent it's who you know really recover from this disaster.
And I think a lot of the you -- the money's gonna come from these banks and governments are ready said.
They want private sector to rebuild they do not want to be all be reminded what did you private sector so that means loans through the banks I think this will be good business for the bank's real quickly also like he CH that's the actually ETF what does it mean holdings -- -- Doesn't mean a lot of copper holdings -- the F financials as well the airlines in the top ten.
So it's going to be more -- industrial material play for the most parts of you what you're copper it's a great way to play it.
And to basket you don't have to about buying -- one individual company.
And I think laden before this happened I really do like -- it is outperform blaster the overall markets and I think it will continue to perform with growth it's kind of like Brazil a few years behind.
-- In the ten financial owns all the we'll all three digestive bulletin yesterday -- yeah I think -- challengers -- life.
Well this sound.
This familiar their cause you say -- exotic.
If you're a dozen images yet -- get an answer he regrets it regrets that most of them we got to come back Sandra Smith is gonna -- -- -- US Postal Service.
-- -- -- those newfangled screen LC apple having mail service already there's absolutely no point.
Three days a week more than -- I agreed I get mostly junk mail him.
-- -- Didn't dot com live I'm actually pretty excited about this -- -- because this whole bio terrorism world intrigues me.
Mitchell asking president Chief Executive Officer of bridge Joseph imaging systems a lot of that -- DC admits I'm sorry couldn't be here.
I think your product though is really cool see you making this.
-- into got a thing full body scanner tell us about.
Well actually it's called -- scanned and we.
We have a product that.
Looks at the ability to scan individuals at checkpoints.
To deal with some of the -- -- -- threats that.
You know the -- technology wasn't able to do you know like like what occurred on Christmas Day.
And what we do differently than some of the competitive technologies as we don't emit any X rays -- radio frequency waves we're passive.
Device so we collect the energy that's being emitted naturally from the human.
And able to -- great segregate the human from their background environment and be able could detect anomalies that are on.
The body and we find things like liquids gels ceramics explosives plastics as well as a normal metals.
So it's a new advance and you don't have to sacrifice privacy.
We're sacrifice safety for the ability to do advance screening techniques Mitch.
Earlier in -- Heathrow Gatwick.
The Hong Kong as well.
And when will you be doubled to move in this -- have you are you getting interest from the states and another question that is have a simple question I guess cities it is each individual airport.
That would contract through you is it the national transportation safety -- -- who does that.
By the contract the agency is actually the transportation safety administration OK there's a process that has been going on now for almost two years.
Where they're qualifying manufactures like our company.
To qualify their product to make sure they're safe for the general traveling public can they meet all of -- all of the basic requirements.
And we're getting closer to the end of that process for ourselves and we expect and in the near term to be approved for deployment into the US airport.
Mitchell two years this is an awfully long time that the technology change -- up tremendously and at times I think.
Well well certainly it does a non you know that is the process that we have.
It's a little loner son on small companies to have to you know.
Take new new innovations in technologies and move you know at that kind of a pace.
Through the process but.
It is an important process we are trying to protect the traveling public.
It's -- and he stepped in front of these things and I'm fortunately -- kind of revealed to the whole world.
Yeah and again you know there are competitive technologies.
If it in some of the other technologies there is.
Unfortunately the ability to see.
Private parts and you know they're now working on some blurring algorithms and other methodologies.
But the problem with the blurring and and is it doesn't it will -- the the ability to truly be able to detect the items that were looking for you know technologies like errors that are only.
He taxiing objects that have a different temperature in the body surface temperature we were unable.
To -- see the anatomical pathology.
We believe those -- the new technologies that you know that will make people not only safe.
-- will also put him in a position where they don't have to sacrifice their their privacy.
Mitchell one thing I've heard soon as it is -- -- these types of machines will add tremendously to the time it takes to go through security at airports can you comment on that.
-- I I can tell you that it in our particular case.
It takes about eight to ten seconds to -- an individual.
And based on the concept of operations probably around fifteen seconds to make it through the whole process.
The slowest process at the checkpoint today is where you put your handbag on the -- to get scanned.
We're at least as fast as that or faster so in our case we will not hold up anything our throughput is an excellent.
-- we have to -- but it just quickly so what do you see then do you see spots where there's objects that shouldn't be there I mean you're doing is based off my energy.
And my just a big below are -- energy I was all equal.
Yes I'm gonna see you as a big white silhouette.
Not being able to make out any of -- parts and anything that blocks that -- and she is a big dark spot.
Soviet you have something in your chest let's see there's a dark spot so when -- -- -- he -- a dark spot.
None of the technologies today can determine.
What -- objects are but it's obvious that the objects shouldn't be there and therefore you need to be moved over to secondary screen right.
He don't know what it did he -- know it's not right.
Then it's not correct and it's very obvious that -- not -- -- -- and therefore if we move you to secondary we keep the through the through we're going.
And screen you individually.
Mitchell thank you so much I think it's really cold so thank you for having me today appreciate it very much -- -- president Chief Executive Officer that officer average Joseph imaging systems down in DC they should be let -- act.
Can't believe you -- normal stuff like this you know I'm happy I know I hope that it is as quick as he says it has Mitchell says it is you know once you get on with the airport city is that going to be a big deal mean I -- -- with a win in Miami airport and they take all of five seconds they really new -- on you.
And then you walk behind got to be unhappy because it cost effective as well making that I'm talking and it would be if we -- -- -- Iraq.
I'll say we'll call my IE menu the red devils that's my favorite football team.
I -- they.
There's a rumor going around that Malcolm Glazer of many people may know also -- the Tampa Bay Buccaneers may sell Manchester United if you remember.
-- couple years ago he bought them.
Got himself into a tremendous amount of personal debt in order to buy this team they -- probably the most valuable franchise in the world in terms of sports.
Glazer -- values and about one point two billion pounds which is just below two billion dollars to billion.
And -- although I had some little thing they might be with about one half billion either way you look at it a group of folks met last night in England.
In the you know there's rumors that they're gonna try and put together a consortium to by this team they say it's just the first step in a very long line which it is.
There's not even any true to the fact that the -- is than not -- blazers.
Interest in selling Manchester United but he has a tremendous amount of -- -- stuff it's like a 14%.
9% I mean they're paying.
Eighty billion eighty million dollars just in debt service alone last year.
So it's not worth it so -- for you might say it's not worth it for him but the fact of the matter is he still owns in the end you know.
Is he says look I can't afford players like Ted says -- I know -- very -- -- with.
You know -- Christie and resolve though.
You know guys like that I -- caca I -- when he -- players can afford to pay him.
But I'm I think Erica have a we have but the fact of the matter is a very expensive franchise -- -- can be tough to buy okay.
The only thing I would say what is it about sports teams that so many families alone that even though they are losing situation is such a great point.
They can't Michaela -- you know at the -- example is Jerry Jones or George Simon or you know George Simon would be absolutely.
-- willing to pay any amount of money to win in Jerry Jones of the Dallas Cowboys is same -- cowboys very expensive franchise.
Probably a billion dollar franchise the cowboys.
He's willing to pay -- he's willing to buy -- amount monstrosity of -- state I mean look at that stated that the cost overruns at that stadium.
Had to go through he didn't care but -- -- that he wants a stadium he wants to win.
There's something in the DNA that we have this guy -- and a check on our show all the time he's -- library dot com he's awesome.
He streams to by the jets that is all it was -- -- -- -- -- just -- billionaire -- -- clothes don't -- billionaire -- You seem to do with your money and even if you lose money.
I think percent I -- I am I not only wanna soccer team I want the world's biggest soccer team and I think there's something to that.
I really do I think people want the very best I want the world's biggest hot.
You do that I would millionaire yes it some people can dream Sandra Smith.
Coming back picked the -- -- -- hot -- -- Smith -- and even thought the world's smallest content with those of us.
-- -- come back positive that's come up with them nap with an intrigue or interest got a dismissed here as well.
They're about to hit the Postal Service my wedding -- she's about to go opposed to -- of -- should go away.
What the wedding or the.
Hot hot hot hot hot hot let's go back -- Postal Service is the difference I don't -- his -- service and -- -- wrong.
Don't go away -- actually not -- competition.
I'm with you on that what do you goal -- yeah.
Yeah you might have you want competition could bring prices down isn't it's completely it it will most poorly run organization right there it gotten.
Well and -- -- really good point actually there has been talk about you know privacy privatization.
The US Postal Service but.
-- some consultants look bad and actually today.
Released reports and I found that area -- extension and all those guys day anyway and that no way I was gonna want -- gonna happen but.
What can they could be Alan I'll get to the -- your facts -- today but they could be -- -- more retail locations than McDonald's and Starbucks you name it.
And they can cut down on the number of postal.
Offices because how often physically go into the post I'm happy I guess you're right let alone and his opponents aren't -- into the post office about the post and I know it's rocket does and -- -- and you -- -- raising the -- all the I had.
Actually -- live on the upper east side and up on 73 that thing is jumping when I went into good because my account I think has like five different post -- and really -- -- -- small little yeah that's not necessary not -- so here's the thing is it dead mr.
potter John Potter who is the post master.
He is arguing to congress that he mail week should be shortened to five days.
He's arguing eliminate Saturday deliveries and did ask yourself do you as the now on Saturday on Saturdays do you like to receive -- on Saturdays -- sending about Saturday's a lot of people say yes.
But I recent Gallup poll showed that 53% of Americans.
Would support a five day mail week.
Eliminating Saturday deliveries if -- lowered costs so pure and simple people don't want their costs to go up they're willing to sacrifice the Saturday so.
Post office is arguing this congress is saying no.
The puts I was brought some laughter they came back this here with a five million dollar study that showed if they make these changes they will save act.
-- We'll see -- congress lessons this year but for the most part US postal services just.
It's an unprecedented times.
-- last year alone deliveries were down 11%.
Packages are just not being sent through the post office and if that they are not as much because the recession and mr.
potter is arguing that he believes that nailed the man who will never.
Return to pre -- in my life I.
-- with you on that what I think about the cost of a stamp for example the cost of postage is in US state if you're gonna shoot something.
-- -- -- just -- the post office and you ship that you put a stamp on if it's 48 cents 52 cents 56 cents on the ballot I exactly and you're gonna pay for that Stan.
Well first well what's the Will Smith movie -- and most of this.
Help I don't know what you don't -- the network one -- work so that's Charlie Sheen -- I'm glad I'm not what is it.
Men in black about black student when you have a minute left to come up as a witness marquis yes -- -- What about the forever stamp like these are the colossal mistakes these guys -- made it used stocked up on the forever stamp you can raise the prices stance as much as you lot I mean -- you have really yeah.
-- -- That's -- yes this yeah I want Amazon has an old tires.
Yeah definitely it actually knew what the play scam why don't forget what I know -- -- -- that so 44 cents in and the other thing that's kind of limiting Saturday's five day -- week and also price increases in quote moderation.
But surely one -- the -- gold here is to raise prices to make up for the -- -- -- -- How to -- moderation you can raise prices in the post office and still be on right now I don't think you'll impact demand I think demand is impacted by technology more.
Emails and things like that and then you're right -- just never -- -- raise the price of the stamp from where it is today more argued the above inflation levels so.
But -- it's -- -- -- about sundown Saturday -- a lot of people actually go mail stuff.
Keep in mind that -- John Potter said today.
-- there will be exceptions for Saturday service and the Postal Service will operate.
On the weekend -- on Saturday a lot clearly having open it just will not have the look ugly Larry I'm Anderson thanks -- -- go to spots.
Thanks -- Think -- a decision as something you got a three days a lot of small business spotlight.
-- probably yell I don't think this person who want to go to three days -- district joins us right now founder and CEO of international check out the reason why we say that's us is because.
You make a living out of shipping goods -- the post that the post office you -- in the US Postal Service.
Reduced itself to three days four days five days -- evident -- on your business at all.
-- -- will be music snow in the national so the -- Postal Service Postal Service does not affect us.
And we don't want do you suppose so does that much.
How do you -- -- -- that he's FedEx these UPS.
Yes he's UPS -- HL and FedEx actually yes.
Can actually explain explain to people what your service does its international check out as the name of the company.
Give us understand what you do before we go for it.
-- what we do actually we allow American online retailers to sell internationally.
There's a lot of reasons American relations one -- do that necessarily themselves.
So will we we've actually got the full package for them it's a full solution.
They connected in in the button and that -- check out it's an international checkout button just right next to their regular check out button.
And an international client will click that button and that cards will get transferred over to our cart and we then.
Fill the order prayer for the merchant.
In this is for -- that we currently have them -- over 240 American merchants that we broke right to service for.
You have 240 American urgency in this is for people who lived in Europe for example the Far East who want to buy goods are made and sold in the United States.
Yes well anything that is being sold by American web sites basically I got you okay yes and -- services.
-- dealing with customs and things like that is that what you provide people kind of get that out of their hair.
Absolutely that the service -- provide for the merchants that.
-- they don't have to worry about anything.
Any of the issues in the logistics that that that come with selling internationally.
So our company takes care of the Customs Service -- national Customs Service.
We also and guarantee against fraud.
We do returns and exchanges if -- -- it would -- being Nicholson's documentation just about everything that you know.
Is involved in in in its initial -- commerce.
-- can explain how you go from being an international fashion model to -- our.
All right hey that's a big step media.
Well I'm from the balance I moved here about twelve years ago.
And I had all these plans asking me this and the merchandise.
To -- -- another one of the -- and issues -- center.
So I pulled when he sent him this is becoming a full time I'll be in effect might and I made -- my full time job.
So I just realize there was -- need so I address that.
-- I thought you know what I -- need to come up with a solution for the merchants.
None and that's what I did.
Yeah did you -- with 800 dollars how have you been able to yeah have you been able to get credit and financing throughout this process.
You know I its sleeve and never had any credit aren't financing I just listening started with nothing -- -- And every single penny then that I made was reinvested back into the company for years -- good for you -- Ito an hour.
Go ahead -- we're about seven years now malign -- company's existence for that long.
Which this may be getting 500 list and number 61 fest is room privately held companies in the united states of its awesome and I saw your revenues and considering also.
Yes 72 million dollars in 2000 -- -- yeah right along the east is it do you take a little bit of bomb.
Of the profit from each transaction from the -- themselves they give you a little off the top.
Well you know weak US -- Callaway purchased the merchandise on behalf of the international clients so yes there's that.
So what's next besides and frustrating like you -- today yes.
Right well we're still a got a really strong and United States.
You know we growing every day actually in fact.
We have merchants that are coming in on knocking on my door right now it's no longer so much that we have certain you know keep chasing those counts so that's a good position to -- -- The so the next thing is over it's expanding into Canada and we're looking -- expanding to Europe because obviously those merchants in Canada.
Have the same problems.
That the merchants in the United States and when it comes to selling internationally.
So then what -- differences -- we start working with Canadian merchants will actually expand into the American market -- shipping within the United States.
So opulent of the most popular items that the people want from the United States.
Well I definitely say footwear and apparel in the electronics.
Were apparently trying to.
Yeah and there's a reason references there's a lot of brand names that didn't think maybe are not really sold in the account -- There's a bigger variety differences congress has so many different styles that are sold in the united -- where is.
-- not that many available in you know in -- in Europe for instance.
I think it's a great story -- get thanks so much for joining us.
Thank you that is so many I had it actually.
What is your web site.
Oh well that's a -- on it's very important it's international check out but for the merchants for weren't just didn't possibly going in the national international check -- solutions dot com good point thank you so much that -- -- -- Hank -- Thank you that's that small -- spotlight founder and CEO of international check -- and for the merchants international check out submissions.
Dot com coming up here a little bit now 32 points on the market looking for two straight days not only to start the week.
But to start the month of march this after being up 3% almost on the -- opinion and a smile really starts -- Friday jobs jitters Wednesday Thursday Friday employees start to see what's happened so to get ADP numbers we start to get all these little numbers precursors leading up to -- is such a great point you make tomorrow we'll put on -- honest -- on -- Kingston in we will look at jobs thanks for joining us at one.
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