Also in this playlist...
This transcript is automatically generated
-- 12 o'clock on East Coast not on the -- the morning.
Dow's up 1920.
Points right now.
We got a bunch of stuff we got jobless claims came in better than expected pending home sales though unexpectedly sank in January so we get a little mixed data going back and forth.
Same store sales came out for budget retailers though that was I think the upshot of the morning they came in much better than expected teen retailers doing better.
Faring best out of all them although it did well to Nordstrom's.
Macy's I'm I'm sorry I I'm not a doubt -- I'm not a heater.
But on the confusing or confused or is that a word Macy's confuses me who shops there and then -- by shot there.
He didn't I do shop there are some things that I get into Paris July but people do still shop there at the -- -- -- New York is crowded.
And I think it December 24 Christmas ceded power -- so let nobody could actually show up there on the disease stating yes and now you see that's pent up demand and -- that's what -- -- as a massage and -- and that demand that the reason -- -- when -- -- -- because -- -- -- -- -- this pent up demand would you couldn't buy things on Christmas -- You know that's -- -- the January and February people are now buying things but you know this what big ticket items -- take a washing machine or whatnot.
I'll Lowe's and Home Depot we -- -- great -- -- -- maybe there is pent up demand -- big ticket items people didn't buy the cars were a little bit better than we thought in enough February I -- maybe.
People -- finally realizing.
And I'm saying maybe I don't know that there are more comfortable with their financial situation with their jobs -- they won't lose them.
Those who don't have jobs are not very comfortable but those who do maybe now they feel they -- gonna lose their jobs maybe they feel like there at the bottom of that did that trough and employment and other fine.
We separate yourself -- two so totally goes to your point.
But just sat down Wednesday president say sales are usually rock star and me doing some things people go out finally those gift cards they got for the holidays.
We will see -- -- joins us right -- VC UVP.
At remark trust asset management joins us from Philadelphia -- well what do you make in the dated today let's start with the retail numbers.
But pretty much across the -- looks like a comedy a little better than we thought they might.
Better than expected but others is I think -- you -- -- on -- -- a lot of -- stayed out there there.
Whether it's the jobless claims or whether it's the retail numbers we can't really get a good feel for you know -- -- going in the consumer right now.
He's just so apprehensive about spending money in until we do that we're not -- -- get any real real confidence.
If you look at the confidence numbers that came in last -- the most recent numbers they were the worst that we've seen since last April.
And based on.
You look at where we are in the cycle we should -- -- dramatically better than where we are at this point itself.
You know I don't necessarily think -- were going down with them we we we actually have a real confidence.
Problem right now.
Yet we -- -- comments all the time actually especially Chris and I do morning show Maureen Kyle and one of the -- we're seeing a lack of confidence in as the market as well there's absolutely no buying no conviction nobody's come into the game to play at all.
So we got a consumer that's not confident we -- -- that's not confident -- doesn't bode very well in this part of you know for more -- it.
Now we any right now I think we're we're kind of stuck in a trading makes -- -- short term I think we're fine.
None of that -- good and -- -- -- however as we get further into the later in the year second third quarters which are historically our worst quarters.
Until we get some real you know.
Consumer data that's positive you know -- at risk of a pulling back here.
You know as we get further in India later in the year fourth quarter.
Capsule and with so much much better we think you know it's it's not going to be about just cutting costs and an arm because if you look at the earnings which have been better than expected for the most part.
Everything that's been done has been about cost cutting you know we all know what the layoffs and certainly inventories and supplies are down.
But you know as we get further into the year we -- -- gonna feel it is going to be some expansion.
And it's not going to be just not cutting costs we know we feel better as we get further along.
The worst is behind -- there's no doubt about but you know as is you know we need something positive from -- from consumer whether it's spending.
Housing employment anything that we can do just to keep us from pulling back.
When you say you're looking for something positive they look -- for any tacked on top line growth.
In doubt first quarter earnings and I was starting at the end of April -- that -- -- times have you at least hoping to start CNET.
Are you looking for something in housing because we get data every day seems to get to a three data points from the government on the economy.
What are you put a lot of value in what do you not put too much -- Well I do you know it's.
Unfortunately I think there's almost too much information as -- -- -- in and from from an employment perspective you know we're hearing it every single week.
You know what what happened last week in and and unfortunately.
That's just you know trading even you know -- more and more concerns but.
You know that the housing numbers I think is is is really the key to this thing and if you look did you peel the onion back you look at that the numbers came out yesterday.
You know actually things weren't all that bad from from employment perspective is just that from a you know the construction numbers were terrible on that took away from everything that that happened so yes housing is is is real driver here we need.
Some confidence booster from a planet from a consumer perspective and until that happens yet where or at risk.
An -- now you tell your clients to.
Make sure their portfolios -- slightly over weighted in technology -- the industrials why you like the sector.
We we we like this two for for a number of reasons.
Technology specifically because it's been the one true bright spot that has been.
Good for business spending.
Even during this pretty much economic nightmare that we've gone through.
Technology spending has been very very key.
And we've seen him real significant uptick in this and and and most recent quarter when you think about it.
You know we've had to do -- a lot of layoffs and a lot of cost cutting but technology has been one where would they need to do.
Is much efficient working as possible businesses for the most part have been tried to maintain business as usual and technology in the one area where we can help themselves.
There perfect example they've gone back.
You prior to this recession.
There are a lot smarter about it and -- the majority of the sectors out there and they're cutting costs long before and they're using technology spending to do that so.
If you look at from an efficiency.
Perspective technology industrials actually working hand in hand.
The nice thing about both well more and lines with industrials as they've been able to maintain their dividends and in some cases of actually increase their dues and Wal-Mart came up this morning and they increased -- in -- -- percent -- -- it.
That's a good sign.
But those two areas we feel very very good now as we move over into fixed income you know the type of clients that we deal with.
Is with a lot of tax freeze and an absolutely we recognize that there's race there with municipalities and what states are at risk.
What the it with some credit issues and potential.
Interest rate risk but we feel with the amount of money that's being spent the amount of tax implications they're gonna happen going forward.
Tax trees are -- -- -- have a strong -- going forward -- industrialists.
Who we feel great about tax trees and actually feel pretty good about as well.
Good good nice chip thanks so much tipped cops senior vice president brand mark trust asset management out Philadelphia thanks to -- -- That's great things happen you know we talked with some -- about the technology -- well and he said that you're gonna see people.
Buying new technology.
To streamline their jobs before they hire new people.
He had that was going to be first and foremost of them today and we talked about and even this morning on -- company that you know in the I think that a lot of these companies and hiring managers feel like they're pretty good spot right now they don't need a -- exactly right now nobody -- -- able to handle that you know greater demand what little demand there is for the product.
-- solve it is going to be joining us throughout the day not only here but really all day on the Fox Business Network.
From the economic summit down in Southern California -- -- better place to be right now in Southern California I'm -- -- would tell you know there isn't he joins us right now.
From the summit what's up right.
Well I've -- your point actually that only got news kind of look over my shoulder here fake backdrop so I'll oppose it back to you is there a worse place to be in America and the right here right now given the fact that -- not a green screen behind you yes you are in the number one spot.
Yet if I wouldn't be killed I would have jumped off approved and it's not agreeing to green but let let's avoid that move -- the topic and the conference is fascinating because -- jobless.
A number of different disparate groups here -- the economics conference put on -- our colleagues at the Wall Street Journal.
In -- bringing together folks -- Make energy you're bringing together folks who are conservationists are bringing together folks who are.
Environmental capitalists looking to invest in different -- -- all day long as you noted here on Fox Business.
We're going to be speaking -- some of these people about how we match -- the goals of reducing carbon emissions making more -- you know environmentally.
Sensitive footprint in the country but also do it profitably might not lose money that's -- the -- about -- Fox Business we're joined now by.
Andy -- sees the US CEO of -- law right that perhaps that's right -- -- -- of a household name to many of us but it probably will be it is an Indian company.
But it is one of the largest wind turbine makers in the world now that's right we're actually number 36 look at 2008 we were the third largest in the world.
-- -- -- very large operations that just in the US but also in China Europe Australia and have been of course India which several market.
OK so how do we not know your company here that is why you gotta you gotta bring any Republican in -- -- ADR here you get to start marketing campaign.
We'll learn more about.
Well company -- but I think it's actually coming -- if you look at last year alone the last 2008 we were the number three players -- if you're in the wind industry you probably know -- The second thing is that we also had a stretch of becoming.
Probably the world's largest component -- to the industry Sweden that and that's invariably and in in fortune and and steel -- facilities basically you know the manufacturing.
-- it's going to be hard not to your -- look it look if I drove out and out of LA about fifty miles a massive wind farm -- if you if you grow up you're like ID you're used to it a lot of people think is is window reality.
Because you know the cost right now still a little higher than say natural gas.
-- wind power right now economic.
And economical -- it out it's a great -- because that the other day last year alone in the United States was the single largest year ever.
We almost put in 101000 megawatt of wind so what does that mean what can go back the prior year were 8000 megawatts installed.
Of all new power generation came from way.
And the failed sports natural gas so for -- -- and you production you production facilities.
When displaying a really immaterial -- depicted -- Megawatt sounds like a transformer character that yet that.
What what what is the what does that mean it's thousands of hundreds of thousands of homes how many -- -- power yet so basically if you look at you now a single megawatt produces enough energy for about 400 homes here in the United States.
So it will -- -- 11 megs -- you're doing a couple thousand megawatt yet.
I mean you just tens if not hundreds of thousands of exactly so I think -- you know if we have a combined total installed base at 35000 megawatt.
In the US and it's a huge number of homes today are being power from wind -- look at how many projects are in the pipeline right now.
You know there's there's actually week we see currently there's about 2000 -- that's being constructed in the ground today.
The you'll see turned down in the first quarter of 2000.
And ten by the in the first of that this -- 2010.
We also saw last year that there was nearly 4000 MW of Turkey's views megawatts but it is you know the -- caught a lot of holes -- a lot of whole Lotta stuff.
-- others say there's been a huge amount of growth and you know the last five years in the US alone with -- point 5% year on year growth in US.
So of course you know there's been a lot of money involved last year alone with the volume of people -- -- -- on my backyard it's being it's ugly.
-- that's fair enough I mean what can we gonna slam is a huge amount of space.
So you look at like just north and South Dakota alone would call the Saudi Arabia win.
This is a huge amount of energy potential off there'd still be a -- central part of the country what -- running to those issues and women are allowed to drive and vote yet.
In the -- any secrets thank you.
Amateur thank you very much fun that's good to see an ADR maybe in America I -- say we'll see gap on here's Ben and Chris Tracy is the last -- we're doing is very cool.
This is -- reverse exporter of jobs there -- Indian company by by corporate structure but the turbines are made in Minnesota so it's actually the reverse.
Of exporting jobs very -- nobody's.
Hiring Americans yet hiring Americans to actually make stuff thanks Brian and who can -- stuff.
Yeah exactly thanks -- repeatedly check back Brian Sell a little bit later on in the show with another couple of guests.
From the economics conference on down in Santa Barbara California.
We think would break and a Jeff Flock joins us live with it sort of -- where do you see Jeff Flock today he's.
I don't think that bad assignments and that's how much he's that way you see Jeff -- -- -- the clothes coming up next.
I welcome back boxes dot com live Cotter and burns market up fifteen points.
On this Thursday hope you are -- thanks for joining us today we check back -- -- Brian.
In a little bit let's go to Jeff Flock right now Jeff -- I went to a town called Smyrna Tennessee once and they had a Nissan plant there and the plant.
Employee just about the entire town and it was wonderful for the economy got a similar story in Tennessee to share.
The Chattanooga bigger town than -- than than that and you visited back then Chattanooga which is of course at the foot of lookout mountain went off -- the distance but look how big this plant is -- Chris.
-- if you -- television does it.
Justice -- enormous what does that we got -- local -- one million square foot space here.
Pretty big deal to get it at the enormity -- standing right here beside this upcoming duel with here this is the chamber of -- yes some cover Hamilton vice president economic development with the Chattanooga area chamber of commerce and I'll -- take me back as we -- this site because as we're talking here.
This was what an old TNT plant or something back here what -- it was actually built in the 1940s.
Remained in operation filled -- the mid 1970s when the US army close this plant.
And so now you re mediate at the site and back what is it fifteen years ago or so you said hey let's create some economic development out here what you do.
Absolutely this Volkswagen plant is the culmination really of a fifteen year plus -- isn't.
Typically we won't follow the water here quickly here -- this guy.
To transform this property into a higher best -- because in them mid 1970s and army left I should say close this -- There were -- jobs here.
And this consumed over 6000 acres right and our city limits there was no longer producing jobs and encompass this community so.
So you decide to get both waiting you know I may have lost my year communication with you so I apologize if that have been -- continued talk and just like.
I always continued talk and so you don't -- you'll come back in my -- If you.
Got Volkswagen here by competing with 400.
Sites around the US and you want right absolutely if you win.
Well it comes with a lot of determination of preparedness and -- am really working on this site to have gotten it in a competitive situation where.
Wood Volkswagen was looking for a new plant to -- in this country.
We had a ready product here with infrastructure in place and the ability to very quickly get this.
Plant up and running for them to -- question before we get away here and -- Obama you're you're so but keep talking and say that.
You're -- -- here next year you think 2000 jobs right.
That's right 2000 jobs that way.
Really is part of the excitement for us is the anticipated spin off -- display it's gonna have on entire region University of Tennessee estimates that.
From the 2000 -- -- Volkswagen would create here.
There's going to be another 9000 plus jobs created in the greater Chattanooga region to help support this automotive plant and when you -- things -- lastly.
You -- -- to give too much in terms of tax breaks and that sort of thing what kind of -- you get these.
Well all told Volkswagen received about a 500 million dollar incentive package to locate here but when you look at the thirty year payback -- based on the estimates from the University of Tennessee.
It's -- -- more than pay for itself over that period of time as it's gonna draw.
Other types of businesses to support the operations here there and Chris they were they were trying to get a Volkswagen -- Toyota plant here as well.
They failed to get the talk coda plan.
And right now let's look at like a pretty Smart to wait things shook out Gloria because they've built the Toyota plant Mississippi -- filled with cars in it because they don't -- right.
Jeff you -- lookout mountain there I'm wondering if the chamber of commerce.
I'm wondering if that individual feels like he just climbed look out -- on there with you going through the ravine there back up that hill.
You know it's funny we've we see look at that's lookout mountain out there right behind -- anyway often out of pocket C a -- -- challenged Bob that you call you climbed about to get here -- it absolutely yeah we did so it's rather symbolic of maybe our efforts here but.
More so that's pretty symbolic of our community it's a unique geographic feature that anchors are downtown and our city.
It's just great to be standing here today of being in this economic -- to -- and it's warm -- -- -- -- Chicago it's -- yeah.
That's what you do that you set up the wind up so I had to take my -- -- that -- -- -- is a big old jacket on us you know I've been nice if not donated jacket -- -- this is wonderful it's it's almost sixty degrees here.
Can't thank you from my staff lock down the other five countries are only Jack can get a guest taken vigil while young middle of an inner and that is a great place -- -- Yeah home doing that when you don't agree.
Plus you would also you can walk through that revealing your heels and media wouldn't happen right to be too difficult you -- couldn't -- It's like jumping up and let -- what little -- -- -- club Oakland over the creek that's crazy it's crazy I don't know.
You've got -- -- only he can pull that off.
I tell me a question I call like that you never -- You know all -- it's been a year and a half since TARP money was distributed is essentially since.
These banks were forced to take TARP money some of -- needed at some of them say they didn't needed bomb Bank of America right now the Treasury Department is estimating.
That they are gonna get net profits of just over one and a half billion dollars from the warrants.
Com that they the -- the warrants to purchase stock of Bank of America so.
Just over one point 54 billion dollars now from the wants -- -- that doesn't include the interest on the -- money itself in this basically closes the book.
On Bank of America now still a city out there we still have obviously.
AIG in several others in the automotive manufactures but.
This closes the book on the today modified Dutch auction -- -- billion dollars you know that is.
Better than -- and yes it is for a year and a half money.
Not so bad okay that's gonna wrap -- up for what after seeing isn't enough Bob Ryan Sullivan is standing by again he sat.
Why do you -- another interview from the economics.
Conference -- take it away please.
I got -- -- from the players that -- And now south and one is not Good Friday is -- the -- that was placed on the planet right now and -- hear some -- -- -- Juliette -- that it isn't would join the silence.
That's a quick break can we come back hopefully we will have Brian because he's got some great stuff was.
All day long -- -- -- with him.
Go back and we are up nineteen points on the Dow Jones Industrial Average -- You know we've been so flat these last couple days and -- -- they need -- volume open -- them and we can pick that up although I think it was just kind of waiting on the sidelines.
For tomorrow they would rather miss a move up and be a part of a move down I think that's the general consensus right now but something's got to move in this market.
It is -- unfortunately my computer is not moving -- when it does I'm gonna tell you about the illustrious chart our senior editor Charlie Brady sent us about.
The in -- volume.
Let me just give you real quick -- synopsis of that -- had talked about about ten times already today.
Yesterday don't two days ago yesterday.
For a split second set I was -- he had was the fourteenth.
Lightest day we've had in the last.
Here and 65 -- -- -- an eight year.
But if you look at the other days it's like July seconds December 24 Tony's days right before a holiday and that makes sense.
To be march 3 doesn't make a whole lot of sense that shows you exactly how much it is in terms of being very -- My point out of it which are in effect in my computer -- -- does it really matter he's not with -- and I got he made.
And Take Two Interactive Software.
A 7% could not -- gonna talk about these video -- stocks.
They're kind of an ending not because they're just not in -- out of -- Take his fiscal first quarter loss now this is -- six plus -- route narrowed.
And so it's less bad.
-- higher sales and margins but they are still struggling they cut 15%.
Of their workforce corporate jobs that is.
They did predict that second quarter earnings would come in better than expected that's -- stocks up otherwise the report was you know weak at best but they -- accounting issues.
You know tonight here that add up this morning I didn't find any -- -- -- accounting issues except that I know there's been questions about how to.
Record revenue on certain things you know I haven't seen that -- enough in the press to say that that's part of why -- he's been struggling I don't.
-- if they can't sell product millions need to lot of them to -- stop a lot of the bloody Steenland subsystem.
But you know can sell -- -- Katzmaier.
What is about people and their animals they will spend more money on those creatures than they do their own kids I can attest to that because -- probably spend less money and my kids and most dog lovers yet have you been to -- PetSmart finally given and now lets me out for what you can have the animals and that it's -- that's what it's clean and I.
You're like me Toys 'R' Us on Black Friday and -- seriously it's not -- in one of those places.
-- really they treatment until the animals way sir then.
52 -- -- fiscal fourth quarter profit actually fell four point 3% but they topped expectations.
And that cautiously optimistic going forward.
We talked about -- earlier as well 52 week -- -- teen retailer the teeny operas are out there again.
Now they want on hiatus he can't hold those kids back he got shot they -- out -- Abercrombie was up Paris -- felt I don't know well Abercrombie even have a -- -- and killed right.
Coldwater Creek is that jury's out on who actually shops there.
Right somebody it's -- catalogs and maybe that's why fiscal fourth quarter loss narrowed.
It but they posted higher sales and improved margin ourselves and retailer and -- two and shot to the moon just within like the last hour because.
-- court affirmed the Echostar -- contempt sanction that was that we've been talking -- allow the whole DVR case which I know our our next guests are.
Someone is coming up -- will talk about this case.
And it's been going on for awhile now I've been solved Tebow winds stuck to she was one of those companies like Kodak in lazy boy that you think is done you think they're gone and then reemerged -- rise from the -- will be good for them for doing so.
-- -- -- -- -- -- -- -- -- Right that.
I am with you all good taking away bride then.
It's all right and I also did its last yes.
It's it's so bright sunny and warm here you don't -- it takes.
And I'd suffer when Ryan.
You know got the baby blues and they're very affected by the way you -- your ego so it's a Tracy -- Chris -- the Smart folks that you are you have an idea and maybe your company.
Wants to -- power around a power grid more efficiently yet an idea that you have a -- -- which don't have is money you don't have capitals so.
-- burns or burns hotter court would go to a guy like this -- all of you get a partner at foundation capital say here's my idea out.
I need some money.
Foundation -- invested more than 100 companies across a variety of different -- industry but we're here to talk about alternative energy.
Sites OK you got a few billion under management right where you put your money.
But -- think about it one of the things we see is the big problem today let's let's buried that's oversimplify the energy problem let's describe as a big bucket of water right.
-- that big bucket of water we got a huge problem in this country and across the world.
There's a big week and that bucket in fact more than half the energy we create.
We don't use effectively it's very very inefficient so we've done -- foundation capitalists really focus on the demand side of the equation.
We've invested and Smart grid companies Smart materials companies companies like search materials and others you'll hear about.
To basically make our use of energy more efficient try to.
-- -- and a lot of -- precisely try to plug a water -- is wasted.
Well to my house through a crack in the window and across the -- -- we don't we don't have.
We don't have perfect energy use right we don't have cold do you which she did write it as -- -- -- 200% capacity we don't how much hitter Jesus.
Or something like sixteen terror lots of energy news across the globe today we think we can recapture roughly five terror watch this being used inappropriately today is being -- OK so sick how much -- totals of about sixteen Terrill I'll tell -- about 30%.
Profit of global energy use roughly is just wasted just wasted just just thrown away.
Right and we really opportunity then how do you some your company's stated that you invested in but but what exactly do they do -- out -- that you.
So think about it very simplest who got companies that do things like Smart meters so they work with the utilities to create a two way relationship between the utility in the consumer.
And that's it that's never been done before the utility -- actually have on this -- about how the powers being -- they have offered different ways to help the energy he saved by the consumer.
We've got software companies that work with the utilities do that type.
We got materials companies you're going to be hearing about search materials they're working in the arena of very very -- our value collapse right so we waste a ton of energy every year through all of our structures just simply through the glass and through the envelope of the building.
Working with companies to fix those kind of problem that not all companies make.
Right that's right -- the space getting too crowded is because we're having conferences like this a lot of people are very interested in this -- -- a 30% is wasted.
Is -- getting too crowded -- -- still room for for growth.
From our perspective there's one side of -- that's very crowded which is the supply side.
There are dozens and dozens and dozens of companies working on new ways to think about a solar panel or new ways to get algae produce diesel.
That's an area that's less interesting to us typically what we think -- various thing has more on efficiency Smart grid Smart materials those are companies we think that it -- -- -- you care.
Now we'll see who wins -- listen ultimately -- probably gonna have you know coal nuclear wind we're gonna have everything right that's right.
But do you care where the power comes from primarily.
I personally care of the power comes from I'm -- it's -- -- outside I'm trying to build one of the greatest houses in the country so I've got point one kilowatt solar put in the house and where and why our.
-- -- -- know that is that's a lot of black powers more than the house of powers the house and you'll -- sell electricity back to the state that's precisely right.
-- in that particular instance I have a preference personally however from the perspective of our company's.
They're working with all sources of energy just like you describe -- -- -- -- launch a different sources out there.
For you though let's say you you guys -- another -- another billion bucks where would you couple places industries like you know opening companies to me but he sure -- yesterday industries that we think are are incredibly compelling we think we're at the beginning of this notion what's called the energy -- Right so it's the combination of the Internet and the -- As we start thinking about that we think they're going to be thousands of applications are going to be created around that.
They're gonna make our lives better and they're making use of energy a lot more efficient that's one of the places we're spending a lot of time thinking about it were already making and that's -- holiday foundation capital.
You very much and under truth C Chris -- a few minutes.
We're going to be chatting with a guy that runs one of their portfolio companies serious materials.
About retrofitting the Empire State Building the -- That should be fascinating stuff by any parent I really do -- gained some weight and cutting.
I can't Wear sunglasses on the other emails -- get.
-- do you.
-- -- -- -- How sad -- access to dry eyed man.
-- -- You can -- back to a Brian literally about two minutes so let's stick with this -- like continue throughout all of that -- exit -- -- -- also got a bounce around a little bit today so we're having some fun with and a lot of different topics one of the -- -- -- -- over the last couple days.
Is another lawsuit that -- Patent lawsuit in the text based apple.
Suing -- CC which is great cell -- club maker of you have to do it HTC.
And really trying to protect what they're doing with the iPhone Noah Kravitz editor in chief of phone dog dot com joins us right now to talk a little bit more about this.
No I just explain to me the nuts and bolts of this suit I think everybody knows about apple.
And not everybody is -- they would HTC though.
Sure and you know a lot of people I think guys.
Should because they probably use HTC phones they just don't know if she's makes a lot of Windows Mobile enough credit problems carriers the US over the -- Basically -- apple has you -- file the suit.
Against HT CU but really what's at stake is Google's Android operating system and got a bunch of patents that apple -- what you said protecting.
You know the intellectual property iPhone.
But pertaining to all sorts of things related suit you today.
The software that you -- -- unified architecture you know even something.
As seemingly common nowadays as the little sway to unlock -- -- -- -- -- -- the -- You know that that's one of the technologies and wanted to patents that's that's at stake here.
Right now so they're -- that there's about point patents at stake.
-- C season Taiwanese company I am a huge fan my first and favorite to this -- phone was an ACC fairing flown.
And out they -- come back but it it's gone.
You -- actually gonna win this thing -- -- I would imagine we'll get settled out of work like most of these cases seem to you eluded you a few minutes ago that he -- that -- Echostar case.
Apple right now is locked in you know suit countersuit saying -- not yet -- not you file.
Little while ago you several years ago rim settled out of out of court.
Our over patent -- -- so.
Most of these things you know seemed to go that way I'm not patent expert present the thing that's interesting though is to what extent will Google get involved not yet this is against HTC.
But it's -- thin -- for the growing you know turf war between apple and Google who.
You know we're best friends -- six months ago right and.
You know -- you mention all these different players in the industry -- school apple Nokia.
With people don't realize is has such a huge market presence outside of the United States but re -- these companies are lying on -- indeed -- stay one step ahead of the competition.
Yet they're involved and -- lawsuits how much does that take resources away from Monday.
-- that's the thing is is as a consumer you know you hope that that doesn't happen and and that innovation doesn't get stifled.
Because of exactly what you said at a company like HTC is a big company.
But not perhaps you know in the US and end.
Perhaps -- -- -- on the level of an apple or.
I schools certainly in terms of resources so you really hope you know that the big -- on shown the US CJ trade shows in three weeks.
And so you know Kabila HTC should be -- bigger.
-- out -- announces that the showed not a broad legal battle so yeah you really hope it doesn't detract from innovation that.
You know eventually makes it's -- consumer.
But I think then to take a step further it totally detracts from innovation if I got to be worried that I come up with a new -- economic -- have big monster apple coming down my back because maybe.
One small piece of it is infringing on one of their patents.
Right and that's I think you know you can look at it from Apple's perspective they were granted patents that they have the legal right to protect them break.
And that isn't it something else about you know are the least bit patent and trademark process -- I think outdated in terms of software you know they're good for protecting the cotton gin but not necessarily smarter and you earlier this.
But that you know like you said it if -- you know innovation.
I had a lot of ways builds on other people's ideas and you know when the iPhone came out a full touch screen Smart phone wasn't so hot.
Now it is and how many ways can you really unlock the home screen us more you know you can attack you're gonna -- Right so -- being worried about getting suited.
By half of whoever is lawyers for that you know it it's not what you want your aren't you -- to be doing absolutely.
You know -- I think about.
That movie about a apple and Microsoft and when they finally got together.
Eight era is -- -- surreal moment with Bill Gates up on the video screen behind Steve Jobs.
There were any -- securities -- because throws for years and finally -- best buddies.
But we've seen something like that similar down the road apple and Google where.
Eventually they get together and -- held that do monstrous things together or they gonna be in a clash of the titans legal battle forever.
You know right now almost feels like the opposite like they worry you know.
Eric Schmidt was on Apple's board and now he's not and you know and now you -- -- the day that Google launched air they're Nexus One HTC made.
Us -- thoroughness and schools -- you combine will start worrying.
Apple issued a press release -- iTunes -- at least that morning and so you know you'll see end.
The other way I would hope you -- to -- all come together and and just make the you know a super gadget powered by unicorn dust but I -- that's about the way business works straight so what is yeah.
Play and all of us now.
Well you know it's it's been a rough week for all -- obviously.
But you know I I.
I'm a big fan.
I mean all the products are talking about expand upon new webos operating system I think -- always kind of combines.
The simplicity of the iPhone with all of the power at dot you don't like notifications and that kind of thing connectivity.
Com but Paul is really still trying to gain traction.
With their new breed of devices.
The PC and -- -- -- plus the pre in the pre plus.
And you know that you guys have -- and I -- the financial standpoint that.
Italy have preemptively announced that they weren't gonna meet revenue expectations.
That's because consumers is having adopted these new devices at the rate they were hoping for so.
You know upon that there's been talk about -- perhaps being bought -- merging with you know somebody down you know down the line -- in the near term.
-- you know what when talking about this we get bigger statement.
They -- referenced.
I think it's 500 million dollars.
In their ignorant you know war chest so they're still fighting and you know that they're software's very good at -- -- is good.
It's that the marketing consumer adoption piece that they're really into their their time it is -- classic -- -- it's a big big play here.
We -- like thirty seconds and you're the phone guy what's your favorite line on the market right now.
My -- foreign Margaret now I always -- I can't give one everybody but I just and on Monday called dog fights comparison test.
IPhone 3GS Nexus One and the -- -- pre plus I think the Nexus One and it as the winner -- -- history wow all right yeah yeah.
Have you done it doesn't.
Have you always been an iPhone guy and and I.
Honestly I switch devices all the time yeah I'm I do a lot of video editing as I've long been a Mac user.
I won't say more than that -- -- my objectivity.
C desire you -- is that leases thank you know he's made some nice things got it -- -- -- editor in chief of phone dog dot com let's check back with him yeah and we have a phones situation we do all the time.
This site is awesome -- and AC sing a little coming a lot of people I don't know about and we never even really got into the AT&T stuff now and and I wanted to talk about the Tivo deal -- I can lead up to anti human beings than he did earlier than liberals talk a little later -- -- -- moment and we'll take a break that was that the selling.
-- -- -- -- Coming back -- in the -- come like Chris burns has got at 1238.
On the East Coast but it is 938 out on the West Coast.
Ready illustrious Brian Sullivan is hopefully sends a tie and with some -- Right -- up up up up up up up if I.
Next thing you know little.
-- -- -- -- I you know I got to keep that it's actually permanently -- in my neck but I don't think.
You got jeans.
If no I don't listen I've done today I'm asking for them.
He's blown up by California where apple suit on the you're lucky -- -- You know let me let me take this -- -- -- -- guest -- like what are you talking about -- we're -- like -- are racing this -- serious materials.
Which is very cool because for New Yorkers out there the Empire State Building apparently -- fairly tall and a lot of windows.
It's -- is get a redo all of its windows and this is the company.
That is doing it Kevin welcome to Fox Business thanks for coming on absolutely all right -- not just the Empire State Building tell us about serious materials what you do and how big.
You guys are right now we've got thousands of buildings -- plants around the country would we also do residential window below and tell you what the differences so there's already dual pane windows in the apartment building they were just put in a decade ago -- -- In those dual -- winners were going to change from.
Art to an -- in the second all the way our rates a four times better now the higher the when you look at them so with a lot lower our number is bad the lower number of bad hire our number I find your RT that's very energy inefficient answered energy inefficient and we got -- -- it out the window but he always goes out the window where are you knew that.
So well edited -- actually what's happened to the F 16501 of the -- -- only.
Tony -- and the owner -- -- look you know we're gonna save energy in this thing we're gonna save them 4101000.
Dollars a year just on energy just from the when they'll change.
And we're doing something unique instead of throwing away all -- -- -- only 1012 years old we're gonna build a factory in the fifth where the -- people in redo.
All the windows using the I thought I heard you say we're gonna build a factory although he had the empire state -- we are.
We could build a factory in the empire state -- someone had to do.
What does he go -- -- -- -- he gave us about half the fifth floor we had to cut the equipment and happened put it all back together to get up in the elevator.
But we didn't wanna throw away all that collapse why throw away the glass when it could be -- -- you know we're.
-- sealing the glass and putting about won't take you through the whole process but doing it overnight -- the glass comes out of the window at 6:7 o'clock at night before 6 or 7 o'clock in the morning there's new blast.
It's four times more in sort of.
Then the -- if you here's the issue go with a lot of these energy efficient things whether it be solar panels are your windows you -- for example.
-- I looked into solar panels from my home in New Jersey and in New Jersey does offer pretty generous to -- credit but even with that.
When I look at the cost of thinking OK this can amortize it about twenty -- -- -- about twenty years to bring up even to save an Empire State Building four -- 101000 a year.
But how long is gonna take the payback initialed that while they've gotten integrated project because them but in general -- OK okay so it for a for that was three years three -- paper that's it that's it.
Three or pay back.
Now for homeowners it depends on where you live what percentage of -- -- how old they are whole bunch of things could be three years would be eight years.
But if you're already looking to change your windows and you were going to get.
Any number of other other brands that were only dual -- what would you stop -- -- and when you can get.
-- five or seven are not probably what cost right now so that's what I really had a triple the -- of the regular window that while if you get all the way up there -- -- -- -- they might be -- our five we got -- five product across the same as everyone -- -- -- two and a -- -- twice the energy -- same price.
The payback is that -- and you and I chatted briefly we made it interesting point is but and and I don't wanna get your thoughts very quickly on the president's new home start -- program -- if that's gonna help.
But you see -- -- energy efficient you say don't necessarily believe all.
Don't play well everyone's gonna say energy efficient I don't -- -- -- single pane window what you need to know is asked for the full frame or value or the and by the way the -- says the same thing.
Ask your vendor with the open windows were invented in the 1865.
Why would you want to use them.
A great technology breaking -- now that it would have to well said -- race serious photography itself is a pleasure.
So we've learned a lot we want about megawatts terror watch art.
You know -- -- -- better those sunglasses and I don't know I have those sunglasses affected by arts when he I would think just the guessing what you know with the heat.
Transfer out of those glasses would be I'm just guessing on Allen.
Yeah you know but listen you guys -- give me a hard time so ahead he's not serious materials yet but may be able to market and the -- -- -- get -- -- -- last night.
Ryan thanks I can't play as always the next thing Brian is gonna hear from lumber here OK tomorrow is Hawaiian shirt day okaying this like an office space all right we've got to move on.
-- -- thought -- -- police here with us right now editor of -- the daily green good to see it and thanks for having me I hit how much you learning about our values are 2 -- our 8 o'clock and in the insulation surely learn about it all the time that -- -- -- you have put together.
The truth tremendous listen houses looking at your notes.
Hit -- home with the regular John and -- out there that wants to save money.
And at the same time wants to be responsible terms of the environment that may be they just don't have a clue on how to do it right and.
And you know -- at its heart going green is really about protecting the environment about saving the environment not about saving money but because.
You know so much -- it is practical about being efficient about being resourceful so that overlap there's a big overlap with saving money so yeah there's a lot of things.
That you can do to help the environment that are gonna save you money.
-- -- -- -- -- -- -- so what you know one you know big part of our my mental impact comes in just how much stuff we buy and what type of stuff -- So if you buy less obviously I mean right there if you're gonna not spend money on something then you're gonna save money.
But beyond that you know how many how many people by a tool for project.
And then -- it's in their basement for their end of time.
Because you've only used it once we can rent that tool safer you know thirty dollars for Brent the miter saw instead of a 150 dollars -- it because you're gonna get there the right amount of use out of it.
And then it can go on and and be used again and again you or or look to borrow it you know it's as simple practical things to use if you.
We use things in a larger sense than we typically think about them.
Did things like.
Renting you know borrowing.
From friends as -- is a good thing.
Well I just recently there's a network we were talking offline about stuff that builds up in your closet old electronics equipment.
I I joined a network online called free cycle this is a place where you can.
Give away stuff that you don't need anymore and can potentially get things that you do need someone else doesn't need anymore but -- got a tiny keyboard -- my computer would have cost about thirty bucks I got for -- works perfectly well.
Was -- from a neighbor down the street.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- get -- the podium and overall I think I have seen yeah I believe so I -- pounds and it's Clinton.
What do you think about that government's green initiatives.
Well you know that's a great opportunity for people to save money because if you have a home improvement like you've been thinking about putting in new windows or like I'm gonna do some insulation this year.
This is -- -- -- to do it because there's all these new tax incentives -- get up to 15100 dollars back for energy efficiency improvements like it like -- that windows doors.
There's -- cash for appliances program similar to the cash for clunkers that's just throwing out now the state level.
We've got a couple hundred dollars typically for what some your major appliances if you want -- trade in an old one for an efficient one.
-- new fridge.
So that's the state level well it's federal money but it's Ron prince now that I'm not mistaken it's 30% of the 15100 he spent 15100 and you get a thirty person I know what it is is you come the total cost you can get 30% reimburse up to 15100 break apparently that's about 15100 is the most you -- for those energy efficient -- -- I believe I've heard of some states that already.
One out of there they're cash for that what they call this the cash for.
No not cash for clunker appliances and apply it happened it -- clear program right yet we -- I mean when nine when a state launches their program because each state does it individually we'll see search traffic for that -- you -- people wanna do this stuff and right yeah that's not without we saw happen with the cars energy efficient vehicles without ever.
To get the Lexus tiebreak those marathon you have to make sure the credit at least what's gone right there by a manufacturer that.
Once they ran out for princes are -- whatever it was.
Right but what I like about -- site is that you're going to say because you personally want to make a difference you're not doing this because there's some government mandate that says you have to of course and I -- I I think that's the way to do this at the end of the day it's got to be personal responsibility level he can have a Uncle Sam telling us.
Put up you know right that are labeled season.
The book and by the -- I totally agree I totally agree I mean people have to wanna do it to an extent but but these government programs what -- do do is build up the markets and to bring down the cost for some of them -- the new technology like you like a solar hot water heater.
With these incentives it's gonna make it more affordable for someone to say you know put that in because you can get 30% back from there on your tax bill.
To install and then you're gonna save energy from from there on out you're gonna save money on that.
But it does bring the cost down and that in that way I think the government programs are are a hugely important thing for the for the movement.
I had I understood a lot of things in one of the things a lot of lay aside as you go and pick and -- I can do that that's sounds right you might find a second used her plastic grocery -- phase and as my garbage -- we'll have a lot of garbage bag in years that's some transportation options that give you some -- -- -- checked checked and I -- cut back on meat consumption right and the record scratch -- a cut back on meat consumption writes how in God's name is that helping the environment well I mean think about it how much I mean if you just go -- and -- meal that's just grain.
And then that's going to be you know to you have to put in inputs like pesticides fertilizer whatever can run that.
And then it takes how much of how much of that grain to feed it chicken to get you know meal of chicken and how much more to get a meal of.
From a accounts so as you go up the food chain and today it's more resources more energy to produce that.
You know unless they have multiple buying growth hormone or resident holdout that you know that's speeds things up Brendan.
Maybe has other problems right now want but.
You know what I'm I'm not too -- to be vegetarian -- -- -- -- -- -- -- But if you think about it you know all the health.
You know recommendation say cut back on how much red -- the and it turns out -- that's also good for the environment and of course it costs less I mean if you can show me flaming on the cost as much as of broccoli and -- in the day and commit to it but it's not the case.
You know you can disagree realities on the site and there's a lot of things we try to make it moves the you know so it's you know it -- -- it's it's a great website it's the daily green dot -- -- -- -- check -- everything -- need to -- about going -- is there for -- I'm going to be jumping on that Philip Dendreon outside my apartment today since it's a lot cheaper than the -- and you could see I don't think -- probably -- that I think.
Would call your watch it it -- it's gonna drop Jerry he's got some Gloria I love Jersey.
Yeah Broadway they weren't some creative snowman.
Snow woman -- right -- got I've got -- we have a picture this.
Down -- -- a mother and two kids built eighths.
-- Americans know they are all thoughts on now granted they were saying that they didn't buy it they didn't build this.
You know -- -- like porn on the driveway saying this is supposed to -- are the points in the Italian art sculptures they are all making it.
Well he needs to Sweden when you -- -- and so.
But they got a lot of heat from the neighbors.
And actually I think it's beautiful the -- of the -- -- she's got ads.
She's got a great shape which -- got birthing hips to me -- I suppose.
Why are anorexic it's -- Wait a minute wait a minute I did not say fat and I did not say men don't read papers now it's -- -- it's about -- the mylan does what it what -- -- exactly what it envisioned by the way -- -- intravenous the Milo but that's something -- could you please send them.
The police were called and they had to cover her up and they put a little bikini top on her strong.
-- -- yes I what she does she looks like Ed.
She doesn't smile they say on TV the strong adds fifteen pounds so we'll just leave it at that we got to come back I love this outweighed the warmer weather had melted the snow -- down from a.
We're gonna talk -- speaking of intravenous the my old movies at from the you know.
-- -- -- -- Once again we go to Shaun Phillips executive producer of Yahoo! movies he joins us from LA shot and testing -- -- knowledge right here intravenous the Milo what movie is that from.
I've been thinking about that sentiment in that and I'm stump.
Spinal Tap it was and a lot of spinal taps album it's just like shots and we are actually should.
I should totally know that we move on yeah.
Glad that we're no Oscar for Spinal Tap by the way.
About the Oscars may add some oldies but goodies up this year are bad or we -- -- see the old time actors get thrown.
The awards because well it could be their last Iraq the title Julia and -- didn't.
Probably narrow streets and wrongly top which is so great by the way she's a contender.
At -- -- so great that it threw you off right you think it's Julia Child yeah since there are some.
If you she was definitely phenomena in it's it's it's stuff you know it's the total over forties crowd there -- you know Sandra Bullock was the darling of of sort of Olympic moment Olympic of see what's on my mind of Oscar momentum there.
And you know everyone's loving her and she's actually she's such a cool sport that she's actually wanting to attend the -- as these you know known for the worst movies of the year the night before.
The night before -- the biggest night of her life so she's she's like.
-- an awesome lady it's tough not to embrace their but like you said Meryl Streep I mean sixteen nominations all time that's incredible.
What is the impact of now ten movies nominated fare in the film of the year as opposed -- what we've previously seen is fine.
We know it it means that it's sort of like gay.
Caribbean vacation resort it's all inclusive and you -- every every decent movie.
Is is in it you know from some surprises like district nine you had your eyes were good in the cool English fare like an education course you have the mega blockbuster avatar.
Hurt Locker right now sort of the -- For me -- morning -- bastard I think World War II was always a favorite of the academy voters so I'm thinking the Tarantino movie takes it.
Really over avatar.
I -- -- Hot right now I love that you guys conducted this poll around Oscars.
Why are you watching the show and only 101 excuse -- 18% said that they.
Watch to see with the celebrities where that's a lie.
It is a bully -- because people did not want to appear as vain as I am because that is the only reason I watch and see what they're aware that -- that evil and yeah.
And watch this thing this year aren't that.
That it should be I -- they've -- tried him in the ten.
The ten nominees for best picture are the -- is sort of the major -- the major difference to get people to watch it there is.
Whatever you like one of those movies there's no questions that they're hoping that will add to the -- and it.
And he got Steve Martin -- hosted the Oscars before you Alec Baldwin as one of the -- favorite new he's now comedian you know I sort of he's one of the funniest guys on TV these days with thirty rock and -- Golden Globes under and -- under his you know sort of under his arm so.
They're gonna bring some entertainment going to be lots of surprises.
You know -- said it's all about the ten nominees that was a huge move and it's it's kind of an interesting year to do it.
Because -- Though I thought the caliber of movies -- kind of better across the landscape for the entire year.
Not sure there is many extra special movies so you know it's kind up for grabs I think.
Anything could win and at the Oscars sometimes like to surprise.
Sean what how much has this -- do you think of around her -- they've been involved in a little bit scandal -- over the last few days.
Help them hurt them purposely done.
-- you know I -- -- -- on the it's gonna I think it's kind of funny that it's a story I mean it was kind of unnecessary I'd say.
Again the movie had all the momentum -- one.
Best picture -- you know the Writers Guild the directors' guild awards.
So it was.
Yeah it was doing fine it was everyone was kind of behind it and interestingly enough it's the lowest money maker of any of those films you know came out in midsummer last year.
So yeah -- it's interesting to contrast -- -- avatar obviously the all time.
Biggest money maker.
You know in the history of the universe so you know beating Titanic James Cameron's own Titanic -- that's a fun story as well you know and then you got the Bigelow.
Vs Cameron's story and they were once married so they're insisting little subplots to it but you know.
Nothing to take away though from the fact that Hurt Locker.
We genuinely high quality movie.
What happened lit by the way you looked at event that was -- the producer banned from the ceremonies and meeting that one yeah.
Yeah there was a there was the matter there was an official verdict you know they they had to decide if they were gonna let him keep his tickets or not.
And ultimately they just said that's that's bad behavior you -- you can't be a busy road you know he was not only was he trying to promote.
The Hurt Locker he is actually kinda it sort of slander rise the other films and and tried it.
-- them a bit.
And ultimately that's that's bad.
That's bad play bad form -- mountain.
A bad form thank you yes -- -- on who wins best actress best actor.
Best actress and again Sandra Bullock tough to think I am gonna lean towards Merrill now and we talked about it a little bit earlier in debt.
I like Meryl Streep to it to be a surprise.
But of course I'm either first or last in my Oscar pool by announce its.
-- like how -- the NCAA basketball bracket it's all over the place.
Picking wild underdogs in and so it that's more fun for me that way and now best actor.
-- and Jeff Bridges.
It's tough to root against him -- a four time previous nominee is is 51.
And he's got some of that that history behind the Oscar likes to reward the guy that's that's been up there -- the the -- that have been up.
For many awards and and kind of give them an unofficial lifetime achievement it's a great performance in crazy heart.
There might be you know sort of live a long shot there might actually be Morgan Freeman because the academy does like him and a -- playing it.
One of one of our recent history's all time great -- and Nelson Mandela and it was a it was a pretty impressive story.
And he did I mean he was born to play that role -- those and he may sneak in there and actually take that -- away from up from the favorite Jeff Jeff Bridges.
You know -- might be with you on the -- street thing because although she's been nominated so many times the last time she won was so these choice.
I thought she won for devil wears Prada but she did not she was nominated.
So I that I don't believe that they might tip their hat to her after all these nominations.
Absolutely United's it's interesting that she's only one and -- -- been nominated.
-- I was taken it out this morning make sure I was fresh on the facts but and a you know there are a bunch of movies she could have been nominated for as well that she wasn't at the meeting I mean it's nearly every film that she is -- that it was so up.
-- -- -- -- -- Her first -- so she.
I'm not coming into positive -- -- -- And the equipment.
Which you know it's it's a good sport as well so I think she deserves that they like some more real -- -- few seconds left an enemy this Oscars show shorter and it's just is way too long you know you're waiting and waiting adding a lot of people who are very impatient society flip the channels don't then.
You know what I did so I'd be hard pressed to believe that they actually make it short reminded -- cut out actually doing the you know the song choice is best song.
And that always you -- took up a little bit of time in the past but I can't -- do those poll shall be void of music altogether yeah plots.
You know there's a lot of advertisers are spending a lot of money I don't think they wanna cut them out either you know I got to give anything that side of things.
There's not gonna let him a kind of truncate the show and make it better and most palatable -- office.
I'm thank you so much -- beyond us away in -- -- -- executive producer Yahoo! movies out in LA and I will just point out that Jeff Bridges also.
Times never won the I think he gets to.
That's just not he should only bracket -- look suitably tomorrow.
Filter by section