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And then Friday whether to boxes dot com live Chris got a Tracy learns.
And you know the market's doing I mean imprinted somewhere we're looking.
We're like a ball down flat so really all over the place but not by wide margins -- they can see we're up 34 that's actually close.
The highs of the day for us.
As you can see we were down a couple times kind of got back and forth over 01 hours of trading the little white balances by the -- -- who -- the white balance yes partly.
When you have something to do with cooking -- it doesn't now's not the when you're out in the field essentially you're wearing a white shirt you're -- analysts -- -- -- -- light -- at TP okay.
Was -- -- -- -- -- -- plugged into the -- yes I think mine looks like that right now.
I think -- -- and -- really bright I'm just guessing at an out.
If it is I apologize to you folks out there maybe she's the white this coming off my skin right now that I shouldn't be at the July but I am anyways that worked so hard that's life.
I think it's -- these guys that means we are gonna get the results of these European stress tests we've been waiting for rain I don't know what we're gonna hear out of them because -- -- We've sort of -- -- at like 85% of the banks are gonna pass which is a bloody joke considering.
Well Europe's a little bit -- disarray -- I don't know how many people really.
We couldn't put any stock into lit up counts for anything.
You then why doesn't assure me what are we doing I know load when -- did say there are gonna raise their tier one ratio -- if they get you more cash around.
Are are the austerity plans gonna work.
About headline risk about that.
May have -- the just headline risk going into the close of European markets which is where we're at right now that's right we're getting -- -- noon is the European markets are closing.
So you know -- were nervous there they were selling off actually in London today are despite continued the good economic data by the way coming out of out of Europe.
So -- sell off there because you're worried about what's gonna do at the end of the clothes for them.
Now for us here we are again in the afternoon going into weekend Tracy what is headline if if that comes in instead of ten banks -- of the 91.
Failing if it's eighteen what 22.
Do we sell off like crazy here in the afternoon because we're once again worried about.
It's a good point on -- you have.
Three half hour weekly digest of all and then you also the worry that again the European markets -- before us on Monday morning you on the call on those cross has at all.
So we have that.
But we have greater earnings coming out of our companies can you use and I know you've been saying this -- earnings have actually some I think have been surprisingly.
Good and solid and I know you lose today -- like the sub big solid companies that have been just been -- -- Yeah I mean that's that you blue chipper is a -- that components of the -- has been solid rock solid not only -- their earnings.
Revenue and also with guidance and you talk about three yen Nissan about a UPS all sure.
Google -- apple great -- and you know give good guidance they never do and I have this time around so.
Did that almost makes you.
You know what where -- this appropriately at student at any other thing too is we have an Amazon.
But let's face it wasn't that bad they're operating margins are lower but then -- -- they were down 14% less.
The hardest things that need so everybody is marching and singing and dancing and having a good time in greater earnings and and somebody says do.
We're gonna miss a little bit on that bottom line -- to -- rush is one of those.
You can't win.
-- -- -- -- -- -- Let's ask art Hogan now from Jefferies & Company joining us from Boston what he thinks about first of all our all our look at the -- We can't hear art can be tracked right now sitting here right I think he he got us.
I -- sure -- Koreans are very good good hey all right club.
-- let me ask you this -- European banks stress tests are you paying close attention it is right now.
Are you worried are you thinking that maybe this might just from his headline perspective might move the markets this afternoon.
I think I you know what I think everybody's viewpoint so we haven't stressed about this -- -- stressed that since coming out right now.
But I think it's pretty well disseminated the marketplace of -- I think effort.
Three reasons the first is.
What they've been leaking out information just like we did -- -- -- following a track record there almost to the letter here.
And they then they looked at him look at -- what's the best way to get this out there and start talking about the fact that it's gonna be okay so you don't have that market moving event.
They're doing post a close -- -- gets important but I don't think it is opposed to closed.
He has been negative news in fact it is thought the markets reopened that you know that.
To have that kind of volatility.
You have the weekend to disseminate the news the financial themselves in the -- the eurozone have been up about 9% of the announcement of the stress tests being given so.
I think that's sort of speaks to itself in terms of what we think the results are going to be and I think that you don't Alicea a major deviation from what they think.
You know -- banks that he can fail if you get a major deviation which I doubt very much for going -- I think that's going to be it's gonna come ago going to be OK with that.
We think that we are talking about -- earnings.
At what's your thought how -- earning season has been so far.
Thanks for spectacular and it's interesting because.
Sometimes we focus on -- we focus -- -- what we don't have a soft -- piece of economic data.
Meeting you know when when we can focus earnings and there's been a real Tug of war great -- verses you know sluggish economic data.
When we focus on very say they have been you know nothing short of spectacular almost across the board we've had about 85% upside surprises of the 150.
As if you have other companies that are reported so far the materials one of the top three groups as -- extremely well here.
-- year of your basis IT is is one of the second sectors is doing very very well.
But across the board I think you mentioned some of the household names but it's amazing you get.
He UPS and FedEx talking about great -- Microsoft absolutely.
Annihilated their number just great.
School did a great job Apple's doing a great job Minnesota mining.
You -- clearly we've got some companies that are actually finding ways to make money in a difficult economy and didn't even being on the on the revenue side too so we've got 85% beats.
-- theory -- that 60% -- on the revenue side so.
Both of the components that we need it for the most part guidance has been pretty good so -- -- -- that we corporate America telling it's a completely different story at a -- hearing in the economic data stream.
The -- he had to convert his over the next couple months.
You think -- -- thing that Amazon got beaten up so bad last night even though.
To be the reason why their margins we're.
Contracting is because they're spending money growing the business they -- 2200 people during the quarter.
They -- the CFO says they -- keep up with the demand to grow the business fast enough.
-- a -- they would get beat up so much.
That expectations are pretty high -- -- are -- -- which is difficult.
They've got the consensus -- this proof that this a whisper number -- dollars higher than that.
So they're always a beat and raise the story and enforce -- when they don't do that I think investors.
He would take him at the -- and I agree with you I think I would much rather hear and in you know from a company like a Google or an Amazon or Microsoft what are you doing to cash.
How do you know what how he reinvesting your business and it was I was telling us that no matter what that Kindle is absolutely just blowing the doors -- ever without this iPad was going to be Kindle killer.
It hasn't been.
So the I think him as a as a lot of great things is probably overdone here I'd like your Microsoft gonna do their cash for very seven -- -- -- the September 17 -- you know I think it's it's the use of cash.
Is going to be very important to understand there's a record level of cash sitting in the balance sheets of corporate America.
We'd like to hear what we're gonna do -- what -- you what -- things are going to be there whether it's dividends or stock buybacks.
-- -- activity are reinvesting your business I think it's very important right now the more we hear about that I think about a proper debate.
Yeah I think that's a great point you know you your point is that it's crazy to be.
Here in July in a market that's exactly the same place it was dungy and one.
So what does that mean then for an investor are you didn't put you start putting your money into these big -- that you just mentioned are you still on the sidelines a little bit.
No I think it's you know it's it's it I think the intriguing thing is the reason we're where we are.
Which is almost to the penny where we started the year which is which is shocking and that's an advance tickets on the Dow -- to be -- -- percentage away from where restarted it.
What percentage where -- were so there.
I think that valuations have gotten to a point where the ridiculously attractive and by that I mean take SP -- -- which is trading about thirteen times.
-- current estimates and eleven times -- estimates we on average which had about fourteen to fifteen times.
Who leading -- estimates were trading eleven times so we're through at least three multiple turns away from what an average S&P 500.
Multiple should be so you know on that level -- really you know I'm convinced his socks look attractive here.
The problem is there's a there's a very large and growing group of market participants that are afraid we're going to -- this type of double dip recession -- -- we sort of get enough.
Data from the economic data stream.
That proves that that's not the case -- a soft patch.
In an otherwise improving slowly improving economy but you're not gonna get a lot of sponsorship of the market so you know got a real time -- or -- right now but I think at the end of the year.
I think you don't -- thought September October November time -- here to see the market get more constructive as we go through a few more months of economic data that show.
Yet we slowed down but we're not stopping we're not reverse -- -- real quickly on this one the market seems to be shrugging his shoulders and a lot of this economic data like the weekly jobs report yesterday -- meant nothing.
It doesn't have to be something as big as the monthly nonfarm is disappointing in order to move this market now we're so used to bad data.
He had does what you know let's look at next weeks we've got three shots on goal where you could disappoint this market I think one of -- the second quarter GDP number we get the first look at that.
The estimate for that's two and a quarter you know let's say we have something with a one handle.
And people are assuming that that's going to be the revised down over the next two generations that could be -- for the market we get -- -- -- consumer confidence numbers -- come up both the conference board in the Michigan number we get down you know we we expect us to be lower month over month but if we get some massive deviation or delta between expectations.
In the print that give back to be bad for the marketplace and the other thing -- weekly jobless numbers but you know -- interstate.
-- if it's hard to predict what it is that's gonna sort of tip over the apple -- terms the economic data stream that we know we've got a 163 -- -- governor companies.
And if you know -- always -- so far as to be the case.
If we focus on earnings this market future -- week.
Are we love having you thanks so much for being with us.
There that care -- you are coated everything got a great weekend sir Allen Boston.
I -- -- the voice of reason.
Speaking and a voice or reason we -- Ashley Webster coming up -- you to hear that here.
Press passes in delivers for -- as a resident Doug does about -- Europe could that come.
That's -- -- be -- afternoon.
The president talking.
A given a bust the budget update to let alone -- finally got that and apparently we're coming you know in slightly better if you believe that Edwards thing.
I'm yeah you do com we also got about flowers and -- -- -- in the whole Lotta stuff don't go anyway -- don't go anywhere.
Welcome back to the -- -- -- one of our viewers wrote this got to say something about the -- yesterday's show.
If you are stupid enough to spend 36 dollars for a T shirt they'll always be someone there to sell it to -- with a smile on their face hey I needed it and it's the way the market is there -- people selling T shirts for 36 dollars or however much it was 31 dollars.
Where he's at third and into basic -- -- -- -- I'm with you that it sounds ridiculous but I think I sort of understand that if you're.
Is -- every day.
And it's like one of the it's almost like -- a good putt right it's an important part of Europe on so humble he Tommy John we had in here and that is -- -- T -- at Neiman Marcus and plays like that people are buying and that very point is great.
It if if people don't -- him.
Then that they won't sell and they want some if you -- Miami -- has the marketplace and that's that's the thing about eat eat anything anything you decide to bring the market if there -- a market forward.
You have to have success and he's having success right now.
On -- -- joins us right now she's -- -- several offices while we're having Dolly dialogue over the -- Hello thank you for having me there and -- and Dolly on because of FaceBook just reached 500 million users as -- as crazy as that sounds rather how short period of time.
FaceBook has been.
You know in existence and -- it -- Social networking -- -- more by FaceBook then by eight MySpace is really changing the way we live our lives.
How -- only -- -- -- we do business in this country.
Well I think we have seen businesses move online or at least have an online presence of the last three years in an attempt to get as many eyeballs as they can on their web sites.
But rather than trying to work get you know search engine optimization and trying to direct traffic to a single site.
Businesses are using social media sites like FaceBook to grab the attention of people at where they already are which in this case is FaceBook and down.
FaceBook is allowed a number of tools to allow businesses to conduct their business on mine on social media sites.
I am I am not on FaceBook believe it or not but how well I now I -- this deal with the times.
I didn't here's my problem with it there's -- it's almost like an audience after a while right like you advertise to me so much you know another -- advertising on Twitter I am and where we'll say that.
That -- what I did two point where it's it's the law of diminishing returns I mean I'm done.
And I -- yeah.
Well and that's something so it's really business is only -- can get to you if you're allowing them.
Into your into your social network so the reason FaceBook is a popular tool for businesses is -- that they are using a genuine.
Real -- marketing to get you to follow their site.
They're giving you some sort of incentive to to get you to their FaceBook page so that your database of friends and your other connections.
See that you are liking a certain business and then.
Getting a broad reaching a broader audience that -- as soon as it becomes spamming or that is the business's site FaceBook page no longer provides value.
Then they're gonna lose those eyeballs and again all goes down to engaging -- -- conversing with.
And communicating directly and then in an exchange -- that and consumer and client.
-- -- an airline commercial -- that was dealt that he was -- years back where.
That this CEO said we're losing customers because we have a personal relationship with -- -- -- when he handed out -- thing is everybody in the all out to see their customers.
FaceBook is we're taking us in the opposite direction of that are we where it's now you can you actually have a relation with -- customers.
Through FaceBook without actually even having to see them.
I think some would argue the opposite of that actually allows businesses to have a more real relationship -- because of this whole web 2.0 user generated kind of contact.
It becomes a back and -- there's all these.
Sweepstakes and contests that seek to engage that and consumer.
By having them.
Post you know customer testimonials.
Tell us about your experience we want to hear from you the end consumer.
You let your experiences been with our business and what you think whether it's good or bad things can be negative implications all this right I mean.
I'm sure you've seen privacy issue cases and things like that.
Well -- we have privacy issues we have and other even bigger issue -- privacy becomes the defamation issues.
So when you're inviting comments you know that could be good or bad those you may be getting more than you bargained for so a lot of the cases I'm seeing in my practice involved.
These review sites that allow people to go -- mine and say whatever they want.
And sometimes and oftentimes anonymously.
Thereby causing a big headache for both individuals.
Personal reputations and businesses brand reputation.
Diane thank you so much that's good -- well.
You're very welcome -- after owner -- law offices obviously there are a lot of legal implications involved here as well -- -- -- would have thought about privacy.
-- -- information on -- would be very careful of having us in the big thing is be very careful what you offer up there because anybody can use it and put two and two together.
And the you know.
When I first started working in journalism op online journals written in 1987.
Bit didn't do criminalist street -- launches three dot com and David Oxley and I -- one of the first.
And in instantly.
We realize that there was this whole new world of critiquing going on.
Because you then grave when you're sitting behind your laptop.
She'd been out awful things that people -- it's another -- another thing to actually say it's my face button and I think that's what you see in FaceBook as well right it's very easy it is to say did defame people.
But you don't have the nerve to do it -- Let you now.
This will be nothing to FaceBook actually makes it more difficult because.
You it is your name it is your face it we put it on -- everybody else can see it like all about all of you are friends and all the other person's friends of -- written on the other person all of their friends can see all of your friends can see it T wanna be a little more guarded about what you say about the same time gets out to everybody.
It does get out to everybody exactly 500 million people.
This is exactly right and -- locally right.
He's my former game.
And a large yeah -- So but -- doing this really cool thing.
They're starting to use these handheld scanners with their inventory I heard about that Latin I think is really cool so basically what it is is they.
They can -- -- the items on the shelf.
And the scare we'll tell them exactly what -- are missing what it what -- -- inventory is missing just right from scanning you know.
Think it is really cool and it totally gets sent president Vladimir lavish is that -- though because there's a little card and you tags that you take home me and it just you throw it out.
Many will argue that -- by throwing that out it allowed -- you know.
Crazy people -- a tragedy that -- you're buying and figure out what having your house of they find a little -- I guess for the TV they'll come in and -- you.
I suppose but.
-- -- -- -- -- -- -- It's a solitary literacy and you know like if you watch TV -- I did see him struggle a little thing I mean if you want to destroy anything you want to -- if you really honest Wal-Mart -- among them time.
They are acting it's really -- so they're removable Smart tags.
And they're starting -- just on genes in underwear like easy stuff but he can really taken to the next generation.
-- really -- -- inventory control as if they are controls are not good enough.
Totally of them is -- theft even miss that shelves stocked.
Making the user experience that much more.
Thank you very much for that -- Africa north -- I guess if I'm Barney why everything and with eat.
Everything greats were dollar eighty its use was -- -- sitting.
Everything has an eighth at the end -- whereas in every other store there's a reason for that it's not somebody news somebody watching knows why that is -- at least a penny cheaper as a yes or no I'm sorry eleven cents -- OK I.
-- -- -- We know -- a great sense will be right back.
Well -- about -- dot com live Chris got a Tracy Byrnes.
You can catch us on the foxbusiness.com.
Website as -- -- Fox News Channel dot com website in statute and section now.
Really happy to be here.
-- -- -- -- -- -- -- For Chris I find it very comfortable and I don't mind -- it -- in the barbs on hair because of the -- -- cool I know I've.
Seven -- colleague about these European stress tests.
Of the European Central Bank systems being tested -- -- here to give us the results.
We've been talking about the mass in markets are closed over there when that what's the result.
Banks in twenty countries overall pretty much what everyone expected we've got some of these Spanish savings banks at least more regional banks are failing stress test.
But we're having that none of -- none of the Italian banks -- was still waiting on some of the great banks may be one of the Big Five could fail.
That overall not bad all the major banks across Northern Europe seem to be just fine.
Bank of violence said that there was a little short in the -- to raise some capital but it's tier one ratio capital ratio still came in about the stress test.
-- some of these assumptions the first assumption only stress -- guys was that.
Nothing changes how are you situated now going into next -- the second scenario is a recession this year a recession next year.
-- -- -- -- Same situation recession this year recession next year.
But interest rates are on the rise we have more concerns about sovereign debt and so obviously that's the one being worst case scenario.
And then what they did was they put the -- -- -- on capital ratio for each scenario for each -- -- is on that stayed above 6%.
Then you popped the test us pretty stringent in some ways although there are concerns of critics who say -- not accounting enough full sovereign debt default.
However that said it is pretty much in line what the experts who apparently -- experts in this case predicted.
As these are coming in I guess the consensus was.
Ten of the 91 banks would get bail and yes these are coming kind of one by one -- I imagine you're in the next few minutes we'll have yet only six of the 91 -- they were testing fourteen of the Spanish banks at least five to six could -- us and we're regionals.
German -- people real estate which is now state tone was expected to fail it did.
But no big deal because it did the government's got its -- -- that's no problem there.
The big concern would be about big bank Credit Agricole BNP -- one of those with failed so far we have not seen anything like that would be a market -- -- for us I know that -- the -- was there -- -- there's there's concern about -- -- on the -- but also on the fact that they had they announced growth in this past quarter -- of you might think that that was sort of a blip on the radar screen but.
By and -- are trading up in Europe.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- It then if it -- and this is a lose lose -- yes all right yeah.
Not appear shareholder Commerzbank you know hunting for the -- people because -- -- a test to see so often everybody.
It's not worth it yeah.
Did you fitness was a chip yet but it needs to -- all the banks now the market crash exactly -- -- but at the same time we'll what you want to.
It's something in the middle of what they're saying is that it is in the middle because it's three different scenarios the only fly in the ointment.
Is the allowance for sovereign debt is all right -- books as opposed to the trading books.
Right so really all we care about is the third scenario -- you haven't -- basically right yes.
I can and still I mean wouldn't you I think it really -- and I tell my home at.
All comes down to tier one capital ratios they and they know their own debt that was neat yeah that's part of brain.
Anomaly or -- -- which has been known but they but that we so we saw -- heard from Greece.
No we're one of the banks they could be below the acceptable level but there hoping -- -- Portugal Belgium earlier -- -- -- by brutal I.
No I don't leave was a -- obviously sort of believe some of the banks like you sit com or -- -- -- them and and rightly so because -- did this back in October of 2009 is that you know we're fine we're okay.
-- -- -- Banking crisis so I think -- point Tracey there's still those out there he actually envious skeptic Whitney that apathy or not I'll just continue to be skeptical for all of us.
I see -- everything I can't thank you guys you -- them.
I said because I was looking at this morning kindly help now yes it's.
I will tell you what is moving the market and I'm going to be good blew it shippers today you know mall about that right.
-- that apple is what's moving apple to the downside but just a little bit today.
This is confusing the living daylights out of me they said that white models of the new iPhone four.
Are gonna be put off in terms of being released because -- challenging to me in the manufacturing process that won't be available until later this year.
-- while we a light why it's so hard to make a white iPhone at several black iPhone.
Does that our president look -- it is like ST Ellison would -- color it is just little pink bunny put the dye into the plastic happier so is it maybe because one is like an aluminum in the weight is.
Plastic picnic at that.
But you know I don't know I mean to me it's just the case it's the case that houses all the important stuff electronics it's like the case where you put your finger and then the thing and I don't think that's part of it that -- Well I don't know how apple that that's the point Apple's -- board is not be NB CEO Alan Mulally -- annualized car and truck.
Sales should be about eleven and a half to twelve million dollars and that's actually I mean million vehicles and that's.
Moving up a little bit from where we were last quarter that couldn't -- cells right.
Gas -- truck sales drive and it.
On McDonald's 12% rise in second quarter earnings a same store sales of four point 8% a slight disappointment on that same store sales number though.
I didn't say that's about it's about this it's about 5%.
Every quarter -- -- -- in terms of their same store sales but they were down about two and a half percent little bit light on that same store sales number.
I'm mention Amazon.com last night.
Lower operating margins costs of growing the business though the CFO said we're growing very very fast recently hired 2200 people.
This is the exact opposite of what we've seen in the last two years where we have a company that is spending more money and it is hurting the bottom line because they're actually spending more in hiring people opposed to laying people off and saving money but at the sockets hammered sold -- -- percent earlier today it was on fourteen after hours last night when he announced it was first made and Verizon.
A Dow component up about 4% excluding.
A 2.3 billion dollar charge -- let me early retirement -- -- letting 111000 people though they would have beaten expectations but sales rising up your right.
Sales -- Well especially lately and this new I knew drool aids that what is it the Droid X that they sold last weekend it sold out.
-- something that's a real competitor in the I don't know I have another -- that I don't necessarily like all that much but I like Verizon.
One of these days in -- get a new phone and I and going switched to present his eighteen tees are -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- My pleasure Tracy.
OK so -- just went through some of the big movers of the big gas stocks that -- -- in this market.
If you put your money these days in the big stride and is it something nice little dividend and wait this out.
Yeah I think you know the large cap stocks are.
Are high quality.
Good dividends good balance sheets trade and it.
-- -- -- -- -- You look at like a good old gone from six want me where we recommended got taken some profits -- you know for thirty -- at least 200 points there.
You know Q2 billion dollars -- cash flow corder thirty billion dollars in cash -- not.
The balance sheet with only six billion -- you know that those of the opportunities you wanna take advantage of the Qualcomm sort of gone from.
You know fifty.
Dollars a share and to 3035 dollars a share.
Those are opportunities so we're doing less -- the small cap arena because they've outperformed.
And -- more of those high quality companies that have been.
Now we're talking art Hogan from Jefferies & Company earlier in the show that he made a point that we well about a penny all of who -- way or another from where we're at the start of the year I mean we are right where we were on January 1 2000 intend.
And I say I saw you know it's you say don't follow the herd.
But how can you go against -- -- as well because we see the Visteon these huge momentum swings up and down and if you if you're on the wrong side of that -- you can really get burned.
How exactly I think the investors that have been hurt.
Have been the ones that jump on the bandwagon and follow the herd -- -- not only this year Chris it's been it's -- throughout the past 1012 years.
And you know I think it if you just have a slight contrary invent and and take profits and in in the dot -- -- technology stocks in in 1999.
And and by as far as three.
The wire two years ago as far as when we were having our stress test and the financials.
Real good money as far as that goes you know 1012% a year.
In a market that's been you know for the buy and hold and -- -- -- -- Those stagnant asset allocation -- portfolios.
As far as -- or even slightly down.
So let's get into some of the stats that you are.
Considering these days again Chris mentioned some of the big Dow components -- you -- big -- to.
Google's on your list is as a potential by now than -- Yeah I mean Google's moved up quite a -- we bought some this week Tracy under 460.
-- share and it's moved up quite a bit like twenty points in the last couple days.
Qualcomm has moved out with earnings yesterday.
So what we do is maybe by like a Tupperware we're the stock is is.
Fallen back it was 43 went down to 38.
Based on earnings and in it was 85% of their revenues generated from emerging markets that we still see some good growth and in China last time we're on we talked about China Mobile it's done real well in a down market and I and I think -- you can buy into that emerging market growth and pay.
Less the market multiple molecular couple words twelve times earnings I think you'll do well on -- -- increasing dividend as well.
I think people are also looking to get defensive.
But there is concern with the health care now will affect any company involved in Health Care Reform which you like Baxter.
-- -- down from 61.
You know the 404244.
It's up again the last two days.
But it's a one that we've been buying into the weakness I don't think there's much risk -- 4042.
And increasing dividend great balance sheet.
And that's one of the companies that market could go down.
Quite a bit like what we experience may seventh with a flash crash and -- -- I don't think you'll see more than 10% downside on Baxter so.
That's something defensive as the market moves up here don't chase the new goals and -- the -- comes as the as the I'll move on back up instead I'll look at and got straight on -- more -- defense of issues like a Baxter.
I can tell where idea because now -- -- god save their leftovers.
And Lance thinks -- should be let us there.
Our pleasure Palance president of down Atlanta associates at Toledo when he said when he's in just in -- where I thought of that but I.
The people and I wouldn't.
That actually is something amazing athletic is it was -- -- the one full outsider if you will of his status right Baxter big pharmaceutical dividend play.
-- Leader Qualcomm leaders certainly benefiting from moves all these PDAs and cell phones and whatnot on a mobile explosion -- -- Tupperware.
This sort of -- old school kind of.
It's the Bane of my existence did your mom is that like Tupperware parties or go to to -- god now lets you gotta gotta Tupperware parties but she never had any.
If she had a my wasn't around CVS going to be -- very -- activism -- and she had her her to replace -- I -- could be in my existence why is that some days you can't put it is anything any doesn't fit in the draw and it messes up and having canceled school -- adding new school Tupperware is very -- economically you've been watching put together and -- from.
That the president -- where it's now.
-- daybreak when we come back when I promise we talk about flowers and a promise you we will.
On the other side.
Welcome back -- Chris -- -- foxbusiness.com.
Live happy Friday.
But they've had in -- since at least half that's exactly right about that we're getting good results from his European -- that's tough lie don't let me then yeah.
Tell me look like your I don't put any weight in the tests do you believe that tests and I test results -- -- -- they just don't mean anything they softball was able come please.
-- Suffolk county police are now searching for the supreme commander of the galactic empire I'm talking about does beta that's right a man.
Dressed up as Darth Vader and get a good look at them -- the Chase Bank -- talk of Long Island yesterday and even looking for me reportedly did not use.
The weapon of choice for the jet I warrior which was a light -- -- it's now he didn't.
What do you use the gun here he is -- look at him.
I was the white tape and they does Vader helmet -- I didn't use the blaster he's a regular gun.
A producer for mining company Jacob by the way said.
Look -- this is the state of the economy this poor guy can't even afford a ticket to comic con which is going on right now in San Diego.
-- -- rob a bank to get enough money and I said to get the comic -- The guy could even afford a you know.
-- -- -- -- -- -- -- The -- he rode away on up bicycle.
-- -- Robert do you imagine that way and actually yes I saw this on local news today.
Because it's New York they interviewed this -- is a Stoner worked at a fast food place -- imagine that kid seeing Darth Vader riding by with.
Bags with the dollar symbol on the bags.
In on a bicycle hilarious.
It's you missed -- let me start.
I guess is a -- to as I think this leaves a lifesaver yes.
Lucy rob a bank yet successfully -- successful elements anything I have been -- noted there's Sophie and -- when he gets on a bike is a bicycle and rides away.
Oh yeah -- I think I heard the imperial march by John Williams playing in the background as he rode away -- Didn't say who I am Nevada -- -- than -- and I force is strong with this one that was a strong black.
-- the force is strong what day cost as well joining us from not PC mag dot com.
Always CC's coming he's coming -- right well.
I I haven't let OK so my kids -- late sleepers.
About the bluntly let's say resist lakes neighbors.
Then get to see the Star Wars trilogy it is frightening to them that some man it and.
This lack in Phil Jones having a hard time breathing through that thing yes yes yes yes yes -- -- some funky as you go.
Great -- but -- cancer returned and in what's the third one.
The empire strikes back and not let them at that point.
And -- all we'll be at the the recent ones the ones in the seventy's and 198081.
RJD two NC three PS3 is help me.
-- C three PO that C three.
That didn't cost is here -- that he's the executive director PC -- that comes you know where does meters from.
You know that my friends and an economy where.
Actually I mean that's -- -- that's a big hit but let's stick.
I love it are you that you did a home.
We'll help you track you have an eight or into the tunnel entrance via I think -- sort of well if -- into one.
I think -- slightly different philosophies.
Did you causing the did you enjoy being -- so -- -- did you enjoy that story does -- robbing the bank and and then other than anything and get away on a bad he is getaway vehicle was a bicycle which I thought was outstanding advice and I CNET.
I would have enjoyed that myself very -- attack about a given some money myself Afghanistan -- -- -- has -- -- -- -- -- But -- over here to talk to -- though about.
The big difference between.
And the customers that are going to use the iPad are using it and the Kindle in those -- -- -- any is that because it's been a big conversation we talk about college students going to school and they if they're -- the Amazon Kindle but they don't like the Kindle what's your thought.
It's you know that the thing about the Kindle in the not -- -- e-book readers but it just -- readers the minutes of the -- pretty much the only thing they do they read books.
Magazines -- OK but not great some newspapers but they're really just about the reading experience.
The iPad on the other hand yes you can read ebooks on it but this is one feature unique -- a lot lot more not so you're gonna find most kids would much rather have an iPad then -- -- -- that most kids don't have what 600 bucks to buy.
500 is an enterprise and that's but that's the big difference both of these e-book readers costs under 200 bucks now.
So -- 180 bucks for -- just reading and most parents are going to be happy buying a device that just helps -- -- read more.
So mom -- -- a little bit more again the iPad on the other hand.
It's -- gains you can download on at some phenomenal games.
Is my point -- they -- they with you right if I'm walking around campus.
And I used to have a book I stop and do some reading if I have a candlelight and stop and do some reading.
If I have an iPad and get stoned and playing video games all day long in college and will it you know it just just -- -- the kids in this donors if I.
But I -- my college anymore is back today.
But there's a real up again.
Here's there's a real applications for the iPad two and then if you wanna be on email when you'll be texting people who are we doing web research.
You know the iPad as a phenomenal web browser so you -- you put that up you can much on the Internet you can do all of your research for your papers right from the -- Even here's where here's what I struggle on with you right but then if you go in the -- you're saying.
I really -- -- -- -- Right so if you're going to OK I can email my professors I can download stuff for research papers.
Then you Muslims make believe to be laptop netbook.
Whatever well at at that point yeah I've had actually become something of value can only 500 dollars you're gonna get an apple laptop that's gonna cost -- at least a thousand.
And I think there's also live a generational thing like I don't really like the touch keyboards like it just feels awkward -- my fingertips.
But if you talk to kids under 25 days they don't think anything of it silicon -- the keyboard and they just go right away and the fast.
So there might be generational thing there -- where the kids are much more used to a virtual keyboard.
What do you make of the price point now dropping down on the Amazon really -- -- and it's -- -- obviously they're looking at a higher volume lower -- lower margin on it would that be as successful strategy.
For them you know when when the note -- their -- to a 190.
Dollar yeah I do you know we are we actually look at the two devices being very competitive enough in the Kendall.
And we were actually talking about changing our ratings -- reviewing the products because it just they are so evenly matched.
An Amazon came back the same day and match their prices by ten dollars.
So I think they know how to do the -- they're gonna keep this moving.
But -- this type of device -- dedicated reader device the prices are coming down by the holidays you can see devices for under a hundred bucks.
They've just -- book readers.
So that's really funny room at the higher into the market for these tablets.
About OK so let's just break this stand if I was coming down just I just want any reader which want.
At this point I would still recommend and the fact that but overall I love you -- go with the iPad.
You know the iPad -- I mean we we group them together because there -- that's overlap in functionality -- because the iPad makes a great.
-- it really does so much more than it's hard to compare them right in between the games the messaging the -- -- -- -- you can't play you know -- color screen so it's almost hard to compare him but I mean.
If I get to choose -- price is no option I'd definitely take the.
Com recently appreciate -- as always with -- on the road -- that as -- closed the holidays for sure to find out how the house sales and alias record -- you can't think -- On the iPad absolutely can't get both Kindle books in Barnes & Noble book on the iPad on your Smartphone on your PC you know so you don't need to -- the device to get the book you're great to giving thanks that -- -- executive editor PC mag dot com what's going on Allen's Adam -- right now down -- wall ones.
We just got to storm brewing Jolie added this is really get it's already starting to -- Efforts.
Fix this -- well as -- it.
Get a storm is -- until last Saturday night Sunday morning and BP is evacuating the macondo well site that's the leaking well.
I -- the deep water horizon sank and couple things going on the relief well.
It's -- the rig that was digging it the two relief wells they are now leaving the site.
They're evacuating the other ships in the area of the sport sits for cleanup ships -- -- -- it.
And at the last minute be.
The -- at the last minute the -- at the last minute the ships that are monitoring the cap on the leaking well.
They will leave this site.
Possibly Thad Allen the retired admiral from the Coast Guard -- the commander of the incident commander.
And BP's say -- possible that they may leave minimal staff monitoring the cap on the leaking well.
As the storm passes overhead.
And remember that -- has been in place seven days out without any according to the government and the BP any real problems.
So they think it's safe to evacuate and the go back now on land.
They've been and -- -- -- along the Gulf Coast.
They've been pulling those out of the water the little boats that lay the boom and the guys who clean up the oil they're all moving -- here.
Inland to higher ground the boom that's in the gulf now -- -- -- trying to -- the -- although with forty mile per hour winds and on top of that.
It's very hard for those -- to do that.
But the the stuff that hasn't been deployed yet it is being pulled out of the water or being moved from locations and at.
It's sad to higher ground -- -- play it if necessary after the storm has passed.
That's pretty much what's happening is people prepare for this thing I -- in New Orleans -- what one last thing.
And you guys had been seen headlines coming out of the hearing over in Kenner Louisiana on just in this about the fire -- Yeah -- apparently.
There is a former.
Transocean employee remember BP was reading -- -- the rig -- deep water horizon from Transocean.
And this man I had complained to Transocean superiors.
That -- alarm systems on the rig.
Had to have been inhibited had been disabled essentially and was told that was done because they don't want false alarms to wake people up at 3 AM.
And when the man who had brought.
This two it's appears attention protest -- The superior from Transocean allegedly said this is the way we do it on the entire fleet.
This one's been disabled for five years I Transocean had no comment on this but it's you know it's pretty explosive as -- the ramifications here.
That the -- the safety systems were disabled on purpose.
For whatever reason and that you might have.
The same kind of disabling its -- -- safety systems on Transocean rigs worldwide and in -- transition has yet to respond to that.
That is huge news Adam I mean it just that that goes to the whole argument.
And I hate to -- -- these -- not on this side but that's the moratorium argument I mean that that literally is the -- -- second guys that this is happening here and it's happening -- -- all over the world.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- I keep in mind keep in mind the man who who's made this allegation he's the guy was on sixty minutes a couple months ago.
And survived the explosion mind you the deep water horizon he has filed a lawsuit against Transocean -- -- spot on April 20 ninth.
But Transocean has not responded to this and he is delivered this testimony.
At the official hearings -- taking place over by the airport in New Orleans and had a Louisiana.
About what caused the explosion and if what he's saying is true.
The people from Transocean would have a lot of explaining to do.
Now it's no surprise that -- Rico act out on these guys now I mean everything.
Six ways of Tuesday Transocean and transition.
It would really hit.
Well that's a good kid didn't he Didier Transocean if it doesn't matter anymore -- as long as they collect on it who -- It and I'll let you know a big question is studio head I mean again I still -- -- that -- -- when you talk about collecting its.
I think -- -- I would hope the government's that the government's chief.
The goal in this indeed make sure that whether it's BP Transocean or any other -- that they don't have their safety system.
That's my point two steps thanks -- we appreciate it thanks Adam.
Think our guys -- -- the storm hitting it's this begins Saturday night Sunday it this is the first time in a month you didn't say be careful that Kabila has.
I -- I still all right I -- you I'm sorry I didn't Franciscan.
One time with a hurricane company should my -- like cut you off and site is okay so it's coming Saturday night Bonnie yes Bonnie Saturday night in this and they yup.
Adam is still listening.
And we'll be right that -- a break.
Couple -- yeah.
-- back to the show markets are gone in the negative territory here just before we wrap up our show -- few women it's done -- fourteen points which is.
You know the university can see we were up for much of the last three hours and now finally I don't know if this has anything to do it the information on the stress -- coming out but maybe it'll just kind of waiting for -- even though it's not surprised president was speaking on the budget -- and -- not that's going to help you right.
Bomb want to talk about budgets or anything like that with time off flowers right now in the flower market David hard Stein joins us founder and CEO -- bloom.
From Boston David welcome to the show.
Thank you for having me.
David you -- -- one thing I've seen a lot of -- -- TV commercials and knocking it.
Flowers being delivered in a box have you seen these Tracy where a woman gets flowers in a box and all beat up and editing and they say you want flowers in a box no.
You want to be delivered -- hand delivered or something a rather.
Is that fair.
It's extremely fair because they don't by Tom from mosques and I do -- date while.
It's very very simple.
What let me ask you a question when you'll buy flowers anyway you bring them home would you do with them.
Well I've -- whole truckload of them so I gotta have people you know Tracy help me out -- okay those things.
Not what do you do with them Tracy when you get -- I don't.
But when exit the back up off off off I did really kill him within today's event not a take care of anything -- -- and non living off opt.
-- well -- do resent the reason ended those commercials are absolutely truly is the flowers.
Did the receiving a box.
Are not being -- today I mean water did what I asked you had a question or what do you do would you flowers it was sort of rhetorical where.
What you do with the leaves you rush home to put in the water -- right yeah it's a Levy -- Well.
Our Moses miracle.
He's a patent -- vines.
It allows us to shaped flowers in a box.
So what you're seeing here -- twelve ounces of water -- flowers are being shipped it.
So when you received day's.
In need aid.
Like DC swan -- -- you're going to be very happy so wine you gonna be very happy do recipient.
In defender is going to be very happy.
Because of shaping flowers.
VI it's cost.
About 50% -- didn't -- it cost with the wire services.
Because we sheep we buy the right from the growers.
And we she directed -- consumer.
-- -- flowers don't goal.
Different -- to intermediaries.
There is they have studied it says -- if -- Well let me put it this way 90% of the flowers that are consumed in the United States are -- beat.
From South America.
What that means is -- ride into DUS order -- in what these so called the quote did -- and however from their point on you travels on tracks.
All over the country now.
So what do we do we bring them to rank.
To -- our facilities.
And what we do to -- We already did didn't even water leg dates so -- -- or right of the already to just being filled -- water.
Even with -- width eighty.
-- briefing to -- we have and we should be good to consumer.
They're beyond a people -- retail locations anymore are is that the real thrust toward the mail order now.
May have ordered he's the old language for free comercio time.
-- -- -- -- -- -- -- Deodorant to different distribution channel during his big debut distribution channel a -- big saves for what we called for self consumption -- walking us.
Business right in -- is what we called the location driven business where you send flowers.
To someone else anywhere in the contrary -- Let while Pena and you can really bad you trying to make up -- -- -- that that would be me yeah ask questions about the business it said that you currently have about ten employees.
Bet -- -- you had 300 and and you have run toy stores now -- -- your 115 what happened.
IE when we had a hundred we have to -- 800 been.
22 -- -- or 15115.
Franchise store plus seven.
Company owned stores and we.
And then we sold the company.
And when we sold the company.
The indicated auto company -- -- -- -- really.
-- -- much attention and care into the logistics and distribution.
We GE's -- most complicated.
Logistics and distribution or supply chain didn't exist because of the parish ability and because 90% he's coming from South America.
Sold -- and when we were able to when we finally after many years received a patent.
To be able to -- -- water.
And she -- in a box I've decided to go back and required the company.
I think we got a -- tell us where -- where would you want to flowers tells the website.
How would you.
You can go to -- -- dot com.
You order flowers become.
Even Moses miracle the hell -- -- raising water dale always a 100% going to be awesome and we are just based on how -- -- Thank you -- David Karzai founder and CEO could bloom the Moses miracle -- -- the -- America was full full full those of our fans in Philly -- and talking about everybody else.
Well today and I don't know it -- -- -- wouldn't have to begin.
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