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Welcome -- foxbusiness.com.
In new digs Chris -- -- back we missed Chris last week actually today's LeBron.
-- and that I didn't see you Monday.
-- -- I'm excited I'm getting blown away you've got to say and here the very hot -- -- and I was in decent opportunities I had not -- you it's not telling personal I'm just you know I was in my element.
You Wear you down they're fantastic affects these you have fun.
I -- -- less than you thought run tied it up basketball for a couple days and show everyone else is totally sick of it and you would think -- it.
Last week you got over the weekend did you see a whole introduction in Miami of LeBron and bond action and -- anyway with the explosions the pilot.
-- -- -- -- -- -- -- I think -- All kinds explosions and whatnot so and at a -- it was.
It's something that sort of behind us now and now we move forward in but it.
I never have we not have to talk about this you are at Madison Square Garden when they announced that was yet how the current that it wasn't a huge crowd but they were little unreal it.
Where he should yet I don't really believed he was gonna continuing.
-- anything about the knicks just real quick it's -- in the last two years doing nothing but clearing up cap space for the -- case -- -- here's a team that as the basically deal the last two years.
Losing losing losing.
Deceiving get the -- you don't -- LeBron and we're all right and I am left with a Betsy Hansen I'm sending money to spend but nobody spent -- on and that's how they move forward that's a lot of teams.
All right -- Cleveland's in the same boat you can -- Chicago's got money spent.
And no plans.
I wasn't kidding when I ask you though about that they dollar value now of my -- fat heads.
Of LeBron I think Cleveland Cavaliers after that I got to believe that there's money they made their very little bit because -- -- players change teams all times you don't lose.
-- -- -- -- on some of the Jersey the whole playing all Cleveland teams.
My mom and get -- man by the bond and then they got the -- that -- and -- Willis here with this president of Chapin hill advisors.
And Kathy is.
A notorious bear community you know letter from time to time from the inside but she's right.
She's become right unless you get a relief rally for the bulls got a -- little reason that you -- over the last six weeks two months it's been a bear market you think that's gonna continue.
I do I do -- a lot of times were early on trends.
But a lot of times what we see -- we -- people on the ground so we do financial plans for all kinds of people attended managed money for wealthier people but.
In the financial planning community we see a lot of people having trouble.
I'm paying -- mortgage under water on things can't refinance credit card debt high.
Divorced have to sell the apartment in order to live so we see that much trouble happening to -- -- sign of the times and it's gonna continue right we senate today that there.
Almost 25% of all consumers -- the credit score of 599 or less left so that means they're not getting loans exacted its not gonna improve yet this amount of money coming in is not proving -- you know and remember real estate is still gonna go down.
You know getting other holes still left at the banks where they're doing things like last week the journal called extend to pretend.
He's on the commercial loans they're just trying to extend the terms and let them go longer but if there's not new increases of rent those commercial guys don't have any really pay it back.
She got the banks have a lot of loans on the books that there were leaving us performing loans.
There really non performing loans in sheep's clothing right now so when those start fall off the consumer savings rate is gonna collapse with the savings rate goes up.
Price Waterhouse just sit and study they actually think it -- it 6%.
-- negative numbers a few years ago assists 6% that was right up the top of consumer spending.
Home you know maybe it's because I'm living in and and I don't know what it is what I don't see it and united and -- reasonably everybody that.
She's struggling a -- she was able to make ends meet before she finally got a job -- -- that right I just I don't know anybody.
Is it just depends and his circle.
You know really does because if -- in the financial services community what you're seeing is on the broader spectrum a lot of friends a lot of my friends have been laid off twice in two years.
I worked for two and a half years isn't nearly well paid people.
And then a lot of people are -- -- another -- has been out of work two and a half years in the not for profit sector so at least people are looking actively looking for work you got together you gotta get out of here though because you come out to the birds can you talk to people like if you look like do hair Ethan -- millionaire had colored or they -- they're making its -- lying there so like.
You know all of a sudden that changes everything right I'm -- getting to yes I -- horses -- the wealthy community people have horses -- their -- -- they're not and necessity.
And it costs a lot of money collect votes you get to -- -- and and we're talking as it was helping a woman gets start and you -- she may take over we're doing the numbers.
You can't count on the children's -- anymore.
Even the wealthy people are cutting back on the -- -- -- campus it's a 15100 dollar two week you know.
-- perhaps day so I really see it across the board we see a lot of people struggling well we have a very wealthy nation.
It'll always be people doing well if you have a job if your job is to work yes you still gonna spend money.
But overall we think the market has changed from buy the -- to sell the -- us.
With -- earning season upon us today Alcoa.
But we make it CSX has kicked off right now -- that well hopefully at least they would kick it off with a thoroughly dissent saying it's a Bellwether for the overall market dynasty that everybody until after the belts and so that it got to you know it actually got a broad spectrum today.
The problem is that earnings are no longer -- TC cough and people got their expectations pretty hot.
So it may even if they have good numbers they made the a negative.
Now the market could rally from here that holds 1065.
Obvious that he money that's what we use the futures.
Then -- the chance that we're gonna get bounce up to 1080 maybe even 11100.
But if you use that anger over weighted in stocks -- that opportunity is selling to the market don't just hold on don't just do the slope -- hoping you know hope things are gonna get better.
Can anything turn that around a your viewpoint around is there any possible way that you could say even a month or two months know what.
They were starting to change I thought -- we're getting a little bit more long.
So sure we always have to admit that we're we're wrong and we don't have crystal balls.
We used five different timing services they're all short term intermediate term trading they all agree.
We're looking at anywhere from 800 to 600 and the S&P by November.
Now what could change that yes and -- good positive news something really that comes out in the market just starts trending up and -- -- -- the bearish pattern so we're looking at.
-- -- -- -- So precipitously it's and that's not very far from now I mean we're talking about four or five months right to talk about losing 400 points on the S&P 500.
That's and he says between now and the end of November.
-- continuing trend is not gonna continue to get news that is gonna shock the market into hyper selling.
And it could be a war it could be Israel and ran it could be -- Afghanistan blowing up.
It could be just and that Greece going into default it could be any one of these global geopolitical events and that's what we're worried about that could be the trigger.
But also remember look at the other secular bear markets go back to the depression go back to 6682.
And you see these 35%.
You know run up.
-- -- 45% fall by a 70% run up followed by a 45% fall.
You know in the net result is you know from 66 to 75 -- have -- money started with during that little snapshot and along the way it was a roller coaster.
That's typical for bear markets secular bear is yet another cycle down we had big cycle up with 80% -- And all the fundamental guys saw the -- to -- well earnings are still -- twelve times -- -- so reasonable valuations.
And you know time to five but.
The volumes really light on these tips -- him and other then -- short covering and some selling and rebalancing positions we don't see the people's reading.
You know the -- and running with it so than you out this earnings season for you watching from the sidelines -- money we are where we that we have some levels that will put up plus on his remember we traded actively but our core positions are positioned very can certainly get 50% fixed.
We've got 15% of the hedge.
And our satellite positions -- are pretty heavily aggressively there -- close some positions that we go Friday.
And we didn't get in last week which is out of -- -- so we may get it if we think that's enough chance for rallies.
Can't be one of these -- we're going to be talking about today we've been talking about it and thought about at length is a small business lending.
I mean it it's obviously particularly in this last month he saw a little but dramatic pullback in alarming pull back.
What is your opinion on what has to happen -- from the administration's point of view or just from the economics.
Where we are right now to turn that around.
Well I think it's a different question because Obama's trying to put tax -- -- And some small this is I was saying they don't have access capital -- the banks stream down.
To the bank Sudanese capital ratios so that they have to maintain and if we have continued to -- Atlanta's capital ratio -- stay high.
They don't have the -- -- would make new loans and and enact an actual business owners survey less that it needs and FIBM pretty sure.
Actually says something like 65% of their business owners want -- stimulus they want new business coming in but how does the government make that happen I don't know what.
Yeah they stay the heck out of it I think Kathy Boyle thank you so much review of us and joining us and our new digs.
President of Stephen Hill advisors with us always -- so just so people understand.
We are still live on foxbusiness.com.
Website but we are also on the foxnews.com.
Let's -- and strategy room so welcome most genuine viewers.
Chris Mara was Avago longtime first time longtime protect -- -- And co host first time on fox -- you first time long time first.
This trip is you know until then I'm is that you're gonna you have try to -- of the.
You're talking about on they are trying to say likens what's -- when -- and longtime listener first time -- long time.
And that was from I was is an announcement that -- was voted out there in the break.
Yeah I think it.
I've been barely I'm I'm just.
-- -- -- -- OK I know well who.
Well -- foxbusiness.com.
Live this daughter Tracy Byrnes also long enough boxes that come as well first time in there ever.
Great so it's not for some long time.
It would be long time when you -- -- strategy that would still would be sometime long time.
I'm a long time -- relentless group now when -- -- -- an -- -- -- -- -- Sorry Alan Hale will also -- -- -- he started down throughout for a little while index down Billy.
Trying to hold the momentum we gained from last me -- would have almost 5%.
On the S&P 500 last -- -- almost five and a half percent rather obvious 500 could see the market right there is getting back to really break even on.
Almost 5% yes last week on the SB and as Mary was saying though very light volume.
Obviously he they can holiday week maybe a little conviction that very little -- the economic data coming into this week.
We've had bad economic data disappointing over the last six weeks yet we have.
Earnings that could help us turn things around.
A -- bonds traders note regarding last week that it might have been a little optimism going into earnings season that maybe you want that it probably won't hold itself through it especially of course depending on the guidance going to -- we don't know the numbers surprisingly pretty good grade to the bar really low pretty easy to jump over from last quarter last year in and you wanna hear what they have to say about guidance how did -- are they seeing changes in their business no.
Question no question fewer and fewer companies -- -- have -- ought to be able to cut.
Zach moss cut payroll.
And they're gonna require top line growth and we better -- -- the -- is certainly among those companies.
That are gonna need to see toppling -- many of them have built this thing joins us -- us senior editor Edmunds dot com.
And auto observer dot com bill.
You know the autos having -- nice little run.
-- a little disappointing last month would you agree with that.
Well yeah there was definitely disappointed a little -- may and June.
You know compared to last -- which was -- really -- small.
Time for the car industry -- -- sales were up about 50%.
But again when your car is very unlike that they're there wasn't a lot of thoughts encouragement and what the numbers were in the the decline -- -- it was about 10%.
Not also I'm not an encouraging thing.
-- we've all talked before about the stated it stated the auto industry and before we dig deeper into Chrysler well Chrysler is doing.
Where is the auto industry right now and we found out that the average car is now 29000.
Dollar sets up a bit because the rebates have stopped what does that mean for us going forward.
Well you know I think the audience you right now is is looking for something Tracy claimed to you know everybody wants us some sustainability.
In in sales can you know we're just don't seem right now there have been a lot of positive signs you know they've done a good job keeping inventories -- -- manageable.
Weeks we've seen and as you mentioned you know every transaction bracelets are.
And happy enough consistently now we're up about the past years out -- it appears there's probably more profitability in the per unit sales in the auto industry.
The problem is is the the actual -- -- sheer number of sales is just luck or anybody wants is the big.
-- sales and the stimulus is look back the entire 2000 and you know the it and it's 20082009.
Really support for these auto manufacturers you think the pent up demand from people that didn't buying during that time -- is sort of a sort of worked its way through the system now.
Well you know I think that's quite -- -- Big questions right now is what is the pan out -- me and he is there an opinion or -- just insisting to themselves that they are not going to buy a new car.
Don't forget we have big spike last year about this I'm Chris when we went into cash for clunkers program.
And I think that if there was into the mirror there were people who sort of on the sidelines for whatever reason we took all of those people into the market -- -- in how they're going away so it's tough and really what they eat you know what -- stated to me and Israel.
OK so listen -- kind of outlook Chrysler is doing -- right keep its head above water.
There -- willing to come out and say they're gonna pay the first two months I need to -- com that's crazy.
Well you know -- I don't know that's crazy I think it's just you know what you're seeing is.
A little bit of desperation frankly anything unless -- Chrysler but -- -- companies as well as they try to do so I think that -- -- -- -- -- in the -- to get people into the market right now.
This this -- -- -- -- a couple months of the of the payment is not necessarily a new thing -- -- for -- recently -- well and you know everybody service briefly if you will find out something that will connect.
You know we got it and get it -- -- -- 0% financing for new 48 months sixteen months earth you know take your -- that.
The impact -- kind of program -- in diminishing.
Now for the past you know several years.
So everybody's sort of looking for what's the next big thing that I can do to sort of entice people economy and -- you know -- into buying new car.
Well even as you know even a month ago desperation.
-- I didn't hear desperation in the voice of these CEOs.
I Sergio Marchionne say profitable by year end or or -- I'm hearing it's certainly we're looking ahead at an IPO.
The sooner rather than later on sea -- paying down debt it didn't seem -- -- in that position even just a month ago six weeks ago.
It's definitely did -- turnaround Chris I think there's no question about it something happen didn't -- And that something was you know and -- -- -- car sales and the keynote also listen these CEOs and needs to think our company's.
They're starting to look at the indicators in the broader economy that can't be ignored knows well and I think they're starting to inject some reality into their own hyperbole if you -- to -- -- to try and it is to sort of say well we're we're -- we have to start taking a look at this realistically and you have IPOs in profitability.
And and some of the incident we were taught.
About just a couple of months ago -- sixty days ago -- -- realistic now there seems to be a little bit more caution in some of the statements that we've been seeing from the -- from the big executives at the -- -- no question about it.
-- -- certainly hasn't I'm sure a lot -- -- and gotten people are out of jobs and they're still worried about -- bill thank you so much for being with us as always.
Thanks for joining us Saturday in our new digs today billed as -- senior editor of Edmunds dot com see Cincinnati.
I -- -- on the road today -- -- it was hot.
And I tell you something else hot.
I saw mom let's get to what caught my eye -- you know -- I -- -- this -- night.
Chrysler commercials have you noticed that -- great commercials out and they really are tapping in -- This this hole it almost the Tea Party theme that -- seen in the British soldiers are lined up will work it's a revolution what British soldiers -- lined up.
The Americans are coming.
They're looking in the woods waiting for the American continental -- come out of the woods.
And George Washington is driving a Dodge Challenger and he leads and out of the woods with an American flag atop the -- saudis and and the brits they drop their guns and they turn and run away from mid -- and they say something at the end they dodge gets it the odds gets it right.
Freedom in great cars there's something like that it's really -- at Toyota and -- hasn't -- it isn't saying hey.
We we we got a right to begin with you know freedom the American flag George Washington making them rich run right now -- -- and all that that situation.
And making great quality cars -- might -- And truck sales right pickup truck sales are up.
Pick up truck sales are always play out -- -- I don't that was oil is seventy now set at 75 dollars a barrel but it hasn't moved.
Gas prices are now 71 -- and gallons goes back to my library we are big truck nation where big Carney and I -- -- this morning for under 250 a gallon.
And to give myself I have a bigger truck no don't do that please that really gets me we're gonna and we haven no.
Yeah it's real clear that is not good Kelly I.
Also welcome I was a -- Avon is gonna buy another company and I think about and -- Avon Lake -- has yet I believe on me when I was a kid and Angelina Lopez was the Avon -- needs to come my mom come and visit with my -- -- -- -- -- -- you -- so that prevents -- Lopez you're always welcome her and sit down and go over all the hand creams.
This stuff up that eight.
I'm used to sell I don't think game -- -- still around big yeah.
Isn't run companies CEO's it's a female CEO she's one of the best out there wouldn't be because I don't buy.
Not -- but Avon Products.
-- -- I thought Avon Products that vehemently and Angelina Lopez whose dad and be there I ever -- to Derek Jeter has a cool only save optimist thinks a Cologne with Avon and that's -- -- scared here -- gonna look through the only television.
Have somebody from Avon on the Soviet -- see how things -- have -- -- -- From the sixties and seventies we had adored adored the Avon lady walking with products -- -- now and with Amway and all the other news in all the other student product companies.
But I'm not mistaken that you -- -- Avon agent yeah.
And you Google online order all you can do is put your agent's number end and year she gets.
The commission from the deal OK still good she had to go door to door as I wouldn't -- candidates than that pink Cadillac for being in the top sales perhaps Mary -- yeah this is on -- -- this is going wrong we have to go to break.
I don't dislike for now I'm -- like I don't know me about it.
Yeah that's the bit.
-- -- -- 2000 go there about -- 2000.
Jobs in May of this year.
-- -- That's fine.
Well that -- does that come library dig silly Latin on the Fox Business website as well as a Fox News website tech savvy strategy room.
And I've been here before them hidden Chris cutter Tracy burns me.
He's all for -- about the make up things so we'll get -- I know -- Cadillac jealous of the CIA -- the whole pink Cadillac I think -- like isn't gonna have the CEO.
From Avon behind and the o's timing timing when it.
And I would I would actually tell you I use in Avon Products.
I know your greens and was wondering when it is -- I don't do studies.
I think he's right -- good speed it's easy to get -- -- analyst asked the Webster.
Down on Wall Street actually they're hiring and went back.
It will -- you know what.
Wish there was a tall guy behind the big go -- hit a bronze bowl down in the financial district.
Yeah I wouldn't say there's stampede.
Of job's -- -- -- history but we -- we are heading in the -- but that I should be on the back into the -- Employment -- employment situation -- however we have added 2000 jobs we understand over the last five months of his very peak.
Employment almost -- 188900.
That dropped off -- the edge of the table went down 30000.
When the financial crisis hit -- around a 158500.
-- -- back up around a 160000 by the numbers bottom line is Wall Street.
Starting to really high up but very slowly gonna take awhile to get back those jobs were lost if we -- do.
Back in -- January of -- Actually thank you so much there -- I don't tell us down there.
Chris says hi everyone I.
There that night at all it ages -- and the other -- -- was under way of me but it.
-- What flipped the ball actually what is with the ball.
-- you know look at it.
And died in I get it.
We had a grip from China we had a group from China to step -- five minutes ago how great is it that they come from China to hang out of the picture taken by the very symbol.
The global I guess banking world China horrible places it's amazing so it's it's still is an iconic -- symbolism.
Thank you actually.
Thanks has actually listed on that go Bowling Green here in lower Manhattan by with the Opel is now and right now this is true.
If you goal on the backside of global mean you -- relevant for good luck.
-- -- -- -- Now me we'll tell you but you're supposed to do that if you if you violate -- -- -- Bowling Green businesses.
The web I -- -- -- -- you go around the backside of all you'll notice that the copper is war.
Yeah in places where it is just -- a few minutes at this point where you look for good luck.
Jennifer years what do you talking about next time you and I down there next thing I'm.
I'm -- anything and you nobody backs dieting especially in public coming -- -- ourselves picks and and then you tell us let's move in this market could not but -- not -- very far one way or another in the basement.
-- never -- -- five up -- in stocks for you today BP we got talk about because there was news until I guess we know totally cover this there's news that BP myself some of -- assets.
The Houston based Apache court.
To potentially in talks to buy some of them you know we have mark Lanier.
At the litigator to the world on today actually talk about how they basically can -- these deals to say.
I Apache one of bison BP -- and I don't want the liability and they can get away with and do that and that's part of I guess the beauty of rating of contracts these days.
BP up about five and a half percent China media express holdings this -- advertising company being raised their earnings outlook for the year.
Basically expanded -- geographic coverage they're doing more inner city buses and things like that.
Sucks about 10% very low market cap though Chinese company -- American companies doing business in China Chinese China in China -- -- Chinese in China and Tuesday morning we talked about earlier on Barney Nikko Charles -- this -- to it to close out realtor but it's higher and stuff so it's.
You know find China things like that high end appliances.
And they say that their net sales are up beaten beating estimates -- -- sales of about 6% for Q4.
You can in theory you -- -- get this up on Tuesday morning.
Given like a home goods -- any of those guys probably not eat ice and shop these stores every day they get new stuff.
Tuesday morning -- -- -- getting when he won exactly that and then but yes.
Hewitt Associates was bought by an on court -- on agreed to buy Hewitt which is -- human resource consulting and outsourcing firm for four point nine billion it to cash stock deal.
Good news for you with those -- -- like 32% and that's a Playboy.
-- I'm coming up -- -- -- Playboy enterprises you have they're basically saying he's thinking about buying a whole thing make an offer for.
Before we came on -- we heard that the owner penthouse now might make an offer for Playboy now I ask based on your experience.
The -- should should not mean great.
And here's the clear answer that question in a very roundabout way.
It makes -- not a very clear answer.
Good the Internet you know Playboy it was mostly for the articles and we've heard that from you that for decades right that's all about current rating yet it's not now is you can read the articles on the Internet the Internet is killing lately there's no question about it that's why they're getting into things like.
And all these other things that I am always getting into because he can't make any money but where does.
-- -- into this penthouse do you still read it are you saying that the Internet is killing penthouse and doing well killing all because it's almost one on the Internet.
That is just basically -- Read out in penthouse and Playboy which is to have be a monopoly essentially on the run of the mill.
Point do you get the convenience -- -- hang up.
They don't look you're getting no way you did not my question I not play -- -- -- be these beautiful.
Penn house raunchy but so now.
You know my.
I think it's not a -- answer my questions.
I think I lost its strategy.
He's mind yeah right right where I mean that's -- -- -- probably hasn't moved up much more since he came into the picture but pretty.
I think -- compatibility.
Quite as well.
We're trying to address the higher end market that -- thing you're talking -- there's others like counselors much runs here and then now from what I heard yet another.
And yet every playbook because they forget about -- -- -- Smart -- but.
I think is a Smart idea -- -- important point of view past playbook come together -- unknown and a Playboy -- -- -- Yeah I I honestly I don't see what -- -- can do by buying I can't imagine it's even if you want this.
While Clinton would do if not you have to assume that there and they private -- -- -- absolutely -- that as you have has -- him when he's not going I have no idea what's -- and I -- you know people like captains and -- I'm gonna Bolivian talk about that Tuesday morning in the high -- this is the thing with the high -- -- -- -- -- -- magazine article that -- like the high end version in the low end version of something.
In my house for say.
And the low end stuff still calls so much more money than the average person can afford it's kind of crazies.
Cheaper luxury good -- Tuesday morning you see the people still want the high and -- they can pay a little bit less right feel better about and I don't get enough paying as much.
Well it's just like.
That thing to talk about a cup -- -- -- I want this Armani suit I spent can't you know it's worth ten grand but I only spent seven run and I -- aren't and you -- people can't pay their -- but it's like -- look you know -- status thing now that I can get something so bad.
Elizabeth pay full price right right earlier in the -- Kathy Boyle on though if you go is bearish bless -- -- did you pick superseding.
That the wrong that's going door something much I'll look at like at its designers CDS that you think that it that it didn't take themselves short sale yet.
We're really what it got violent before we have on -- -- we feel better about myself and assure the market when I have product of media here come here and we're going to 600 on the -- -- -- -- Do you think that we're in in the in play here for another double dip -- -- -- -- -- the economy -- stock market -- I don't know I think it's 46 -- economy and stock market I think the only way it happened to be self fulfilling in other words.
It cannot happen unless we as Americans make it happen -- but then -- having said that you know we talk a lot of money company about banks holding money.
Households are holding money businesses are holding money certain.
Until -- somehow there's a green light.
It is a possibility by I think we're dynamic economy and I think we can come out of this through the natural business cycle.
Which actually believe it's hit a few speed bumps because of all of the efforts to try to loosen.
Okay so in general.
Last week we had a nice little relief rally of about one half percent or about -- -- -- across the board 500.
You know position today.
Just as we kick off earnings to buy something right now we -- we look at what and no play for the morning report.
You know you got Alcoa first one kicking off it's like it's the worst leadoff batter in the world you can have -- but the good news is that because that is the worst maybe they -- post bad numbers and somehow we get through this.
The good news last week and no one talked about it no earnings warnings.
Yeah I can't think of one major company that warn on earnings preannouncement season like this -- -- so yeah -- and.
He -- -- something good now of at least when he and that lowered expectations along the way or lowered guidance along the way we heard -- hundred.
Into the into this week woods but you know -- How can live because then there are slowly preparing you for this.
I hope so but just the fact that there were no major warnings is great I think the reason we were up 5% last week but having said that.
Always economists are -- the second half is going to be a little shaky most of them.
And they know we certainly had -- company's you know -- this bad guidance and I don't know but.
I really sincerely believe that our stock market is extremely oversold it's really oversold and -- -- extraordinarily cheap -- and it's just the sad part is those that the environment you know people given out.
All we've seen this year with the stock market is this is a vote of no confidence more than anything else.
So even if you and yeah people on the trigger right now we'll work three stocks that Iran obviously I -- -- today -- -- can -- out of what I think maybe.
A little higher risk maybe than the normal but interest and force one as a -- chemical.
-- uranium plant and uranium prices are beginning to move what really very very nicely this is stock when he gets hot.
It runs like crazy hasn't been -- in a while that's accused and has been just so so -- only -- industry through the last four quarters.
But I think I think down here I'd like to -- -- Well again and you I know you always go back like at least a year to look at it.
It's it's -- -- your play -- so Chris this is some more riskier play its roots here it's riskier and riskier.
Black and grammar.
My as he -- around the raw data but yeah it's it's it's not.
It's this sort of contrarian in the sense that if you look at the fundamental -- and while this is streaming by right but also having said that.
You know this is sort of -- -- markets have had a fair most of it.
Human -- tigers pull out and we let -- funds in the Alessio let's just pull back.
As I'm saying.
It was a it was on fire for a while it's pulled back but I mean you like these stocks.
Man I had this on less than I think it was last year -- up like from three that there it was like the pick of the year type thing in opener of a lifetime.
Is -- -- -- considerably -- some anxiety but they have this lupus drug shouldn't approval in the meantime they're talking about perhaps an acquisition or takeover.
So I think there's more room -- -- -- like -- in the beginning though it's not.
It's it's it has extraordinary -- And Shanda interactive you've been here with that before I -- You know when -- Chinese online social.
Game -- by the way.
The dude that's revolution in China is gonna happen to I think through these games sites you know that that the Chinese Government had a hard time.
Yeah that's a very good ground game for their bid they're -- you know for 500000 people playing a game at a time you know million but that there's so big and powerful and in the popular that.
They've they've been just having some trouble you know trying to -- them.
-- mitigate what happens there.
You've got three stocks here today.
Higher beta stocks more -- stocks -- -- you recommend people in this environment right now is somewhat censored in terms of -- the -- invested in stocks.
What percentage that I had in blue chips companies that are gonna pay you nice dividends limited downside vs companies that are gonna maybe give -- -- big downside of being outside more risks.
I think -- over fifty years old maybe about 30% high dividend stocks right now through this uncertainty I think if you're younger you wanna take bigger chances and -- there's a reason you know real formal that they use like he's a -- -- from a hundred and that -- be your bond Allegheny.
If you fall that over the last thing there's a reason that you can't really apply that now.
Is because we patted down ten years in a market American savings -- down so.
People really are position like they were decades ago to be able to coast out.
What that you know by by just taking their winnings in the -- stock market.
And parking and in -- bonds bonds upon -- to -- -- is that interest rates go up so people have to take much greater chances than ever before.
A group you and then yet we had Susan Smith -- reporting last week at S&P came out and said.
If you -- Gallup.
Poll idol of equities a little bit put more into bonds and fixed income at -- doesn't really contradictory to what for instance you're seeing -- now.
Summit in late in the party sometimes.
52% of our investment investment dollars are only in stocks on average historically 60% of people bit -- back on their he spoke to the stock market cash.
For a long time it just reflects again I know a vote of no confidence more than anything else -- -- -- thanks guys.
Losing that'd be slow and I love the tide and the couple had you run I don't know -- you know what if nobody nobody did the -- -- -- that they have there and look when you wake up at.
I don't like the ultimate compliment coming from Johnson now it is because his conference a lot of them like its youngest child's head on the Dinah is definitely going to be -- that -- look at it.
-- Pick up the -- Guys.
All right guys.
I don't think this is gonna happen.
You guys get hurt cut -- off.
-- -- -- -- -- Well.
And it but apparently.
These three -- company's -- coming out with new -- now you can really to this I'm sure it did you say did your electric got.
Well stated I have -- so.
Everything in the come out of the new lake -- something in there written complaints from the previous one -- gonzo.
He can't and they're not always interchangeable lakes and I get a it's a whole notion so that you let them I -- equipment -- You can by revenue raising -- the by the new blade computers and fed up with the audience that expensive -- fundraiser itself as she.
Agreed agreed and because I isn't I isn't yet to let straight -- love it too.
So I did this it's funny because I stocked up on my mach three razor blades.
My three mach three -- doesn't have much to want five right -- happened and I know I have to come -- great because that's Iraq to add to them up but because.
So you have so -- had to get new -- every single time and so this articles welcome back out.
People -- just going around.
One -- stocked up he has he has hoarded enough -- to last him for years he's basically hedging himself against these companies.
To let brings in more than four million dollars in annual sales from reasonably say come on these people crazy -- and brings in.
A billion dollars in sales and that she owed disposable crap these people that avoiding these latest craze they're creepy I understand the point because what they're saying is that.
Every time they come out with something new -- -- you have to start all over -- -- it's -- because they're much better.
And it lasts longer.
I think that much better yet -- -- Well the written 55 is sick and of these guys that are using -- single blade -- I think obviously is wants you goes the mob -- He's gonna be and have it.
Yeah -- it -- he's -- here angels.
No singing in the bat in the morning when he's standing with the five -- EST well it'll drizzle building once over.
In the BC news made but is it that has given him up three yes for those out there watching -- that -- is that mach five with a five blades and that.
Water it is -- we are lied in -- -- yet hasn't picked up a couple of -- -- talking about.
You know from the one way to -- know him over and over once and you're it's a smooth and maybe you know the my various rebates.
Well I don't with a razor I had the mach five -- talent yet and you got to look to not just.
Fly blades that -- McCain strip a -- -- out of water.
Crazy how much better it is it is and water if she said no it doesn't -- and it's like a strip may have water on an Italian people you know what I'm talking about -- so much better these people that say I I refuse to do it I refuse even.
The biggest thing is that I use a mockery on my legs of course of what it was I -- -- -- crazy things I mean -- my face.
And then there is -- confusion what the -- was -- yet.
I I don't know I don't know what look now but -- my three -- and -- -- are not interchangeable.
He's the point stop being crazy and just get the new you -- twelve bucks or whatever -- is on the new -- and then and then the blades and it cost a lot anyways isn't.
-- so much longer than any such a better game.
As a parent knows exactly what I'm talking nobody joins us right now from myrtle grove marina in Louisiana when you talk about BP -- -- -- that I get the opinion as the new blades.
They weren't so much better and he'll blame and -- so much.
Lot of value type are you it's it's got five.
Five blades and I tell them I didn't mix minus by the way they -- -- very finite figure out every now OK now you got it at.
-- added value nearly two disposable.
You know I got makes -- does not tell -- the disposable.
I use I'm not gonna say the -- going to repeat blood but it's an older Brad.
But it's only a few blade and I've tried some of the new threat to the one that came out you had a battering the thing migrated.
What a great date yet I mean -- I -- get excited about that and it the family hour we can talk about it you know I like -- to play with.
Like strip on top that supposedly whenever I have all this new guy I'm telling you that -- people actually get a billion of that.
It's no obstacle does a busy day yet if I -- ask him you five -- favorites it was there.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- I guess word over the weekend is that yes they very well may have this.
Plugged in capturing all of the oil at some point -- -- even as early as this would be better.
Yeah I know -- I talk to you live right.
I catch what was the character on Saturday and -- live CNN that's the ticket giving up a couple of -- says it.
Well I'm not I'm not saying that.
But let's look at the record here Tony Hayward repeatedly said before he disappeared when selling.
Repeatedly said we will be able to contain the majority of this bill by the end of the week by the had to remember we kept hearing that in a minute we were hearing that and -- So now they have a procedure in place of putting a tighter.
Cap on the well -- and they hope to ramp up recovery that by the end of July.
They will be able to -- collect all of the oil that comes out of that leaking well head.
Anywhere from sixty to 80000 barrels a day now.
That's just containing the oil.
Killing the leaking well.
-- -- -- down there and making -- that thing is dead for eternity and that's not -- mid August they are within 200 -- the relief well -- -- intercept.
The the leaking well is within 200 feet of doing that but the whole process -- -- the darn thing.
-- until mid August and dad loved by mid August could this be -- that's actually looking that way.
That is that good Charlie Gasparino broke the story last week on Fox Business saying that there were -- companies looking in approaching VP for potential.
Total takeover by the entire thing.
Exxon and Chevron both issued statements to our producer -- him and -- that they will not discuss rumors or market rumors.
So there's essentially -- no comment.
Five that's one thing that could happen there's also been reports that I believe that the Libyans are looking at perhaps investing in PP.
There was talk that the Chinese might find BP attracted to invest in because they share price has fallen down what was -- 26 dollars.
Per share -- one point five as of right now they are still beat the UK and -- America.
They don't know buyers -- Yeah they spent 3.5 billion dollars those that Adam and this is probably this is gonna go much higher before we're done.
So I actually do believe any -- you believe that this is all gonna work out of the way they want because as you pointed out it hasn't up until now.
I'd love to share my opinion and I'm not on camera about all of this I chicken I think BP faces a huge hurdle.
3.5 billion is that the amount they spent.
-- break that number down if you believe the numbers.
165 million is what's gone to the people's whose livelihoods and businesses have been like that -- -- -- And that's 52000.
-- that have been and that doesn't even come close.
To the four states that have been impacted and the thousands not thousands millions of people have been impacted by this.
There -- people who say the liability for BP could reach as high as 6070.
Billion with a BM English club Carl Sagan seventy billion dollars and 3.5 million you know OK that's a start they get -- the -- here.
They Adam what is the attitude down there -- -- one.
Hey it's not so bad it's not gonna get any worse things can only get better from here what is the real -- now we're sort of it's been a couple of weeks -- you're really in India by the disaster how are people taking it down.
Couple a couple of different reactions first -- you here on this coast.
That oil and fishing must coexist they are not in favor of the moratorium and at least people we've do.
On deep water drilling and in fact the Obama administration around 130 today is going to announce a new moratorium on deep water drilling -- -- have been fighting -- -- People here think they need to drill there are I'm in myrtle grove but if you go -- -- that's where a lot of the guys.
Shipped out -- -- going to be going to some of these rigs and they don't want to be put out of work and -- -- that's what they're basing -- there's a moratorium on drilling.
-- that reaction that they have to -- this the other reaction.
Is that we ask this the manager gets out at sunrise this morning to videotape coastline so I've got Leon out.
Either try to look at -- that he thinks that that nature of that mother nature will recover from this.
But the consequences -- they're gonna use.
Lose rather just acres upon acres of coastline in March is here we we videotape label that lap -- for videotape marshlands.
Where the oil it touched and they've lost about twenty feet.
The march I mean it just you see this black -- going up into the green grass.
So that's what's at stake -- it just destroys these.
That have been facing down there it's.
Thanks thank you so much Adam.
Hey guys and I'm sticking with a two legs -- IAE AEA and to -- data myrtle grove marina at Louisiana.
Giving -- -- Tatum.
Update on what's gone on with -- BP oil spill -- point five billion advanced.
There's going to be way more spent by the time they're done now we get it.
Mosey up to Washington DC we have small businesses hurting Peter Barnes down in Louisiana.
And we avenue now listen to what they're saying about how they're gonna help small businesses.
Up in Washington DC are they gonna help them and they do -- anything to help these poor mom and pop.
Well Tracy Fed Chairman Ben Bernanke kicking off this conference this morning.
On small business finding out how to improve it and did -- he did not announce.
Any new policy changes anything anything new.
At the added in his opening statements and so they're all talking around having a gab fest if you -- to -- kick around ideas.
But you know there are limits to monetary policy at Fed Funds rates -- zero.
They might be able to get it to -- interest rates down a little bit more but.
How did talk to people in the small business community they're saying hey.
If it's not there and win that don't necessarily want more loans because we don't have enough business right now to go out and hire.
Help get the economy stronger that's what they're looking for.
You know one thing to talk about instead -- -- 90% on some of these SBA loans.
But the government guaranteed before it stopped guaranteeing that last year last month rather brought back down to the -- that -- 5%.
And that was one of the reasons why we had such a bad month last month -- -- the small business loans at that seems like something that.
Could be changed the government could step in right away and quit griping that back up that night.
Think -- That's right there there there's there's been some subsidies for the -- for the SBA.
Loan program -- -- program the 504 program which are very popular but those subsidies expired I think a month -- -- ago.
Lawmakers have been working on that they haven't they've attached that.
To some pieces of legislation -- -- and another.
Extension of the unemployment benefits or whatever additional stimulus.
But so far it hasn't happened but I will tell you there's a lot of support in congress to help small businesses so I think you'll see.
That SBA problem get fixed -- we have.
Karen mills they had the SBA coming on -- and and 1 o'clock Karachi you'll probably talk about that.
But the other thing that's moving through congress right now is this thirty billion dollar small business lending fund.
The administration's proposed.
Carving out thirty billion dollars from TARP money and using that with community banks to try -- get some -- some more lending going but again.
And that's not necessarily the problem I mean it's it's -- you look at the surveys from the National Federation of Independent Business.
They're saying the number one issue for their members is economic growth.
And and certainty.
From Washington and certainty and policy and the economy getting financing act is like number 45 or six on the latest survey.
-- and that's actually Peter question that I had I mean that's something we -- as these guys would even do that confidence instilling confidence in these small business guys.
And -- -- Health Care Reform -- has got to be a big damper on this whole thing because of all the health care.
Tax laws and things in the basin and the money that he's coming to happen dish out going.
Voter -- no question what is what his Health Care Reform gonna cost write in my small business.
What -- my tax is going to be.
What is energy gonna cost me all of these are outstanding issues for small businesses and medium size companies the ones that are the engines of job creation.
And that you're right and we did the administration come out and try to talk about the issue of creating more certainty back to let everybody everybody's focused on -- but if -- small business owner you're sitting there saying wait a minute.
I don't -- on the take the risk of going on hiring an additional play right now because.
I don't know what my costs are going to be in six months a year or two years so.
A lot of this may not be fixable.
Here thank you sir.
They're guys Peter Barnes hang -- and in DC where they have the Fed is actually having one daylong conference on small business learning -- to -- business and listening to.
How Peterson look it's just it is just overall confidence it's not a matter of getting loans.
-- loans are out there and I guess even at 75% -- these SBA loans the he you know seven -- loans people would still.
Want amendments to be able to get them but they they don't want right now the demand is not there as much you might think that.
But I guess we'll think about it -- -- you know it's easier next -- next step in growing your business is -- I have to.
Build a bigger factory or build a bigger plan or -- two or three more people yep you're not -- you want to do that right now.
You know one -- -- wanna put out before we -- is that we just heard a consumer reports cannot recommend the iPhone before.
This is big big finish testing and they basically said there's a problem with the reception you know hold bars issue.
Actually I'm glad you brought that up because it's -- it's one of those things where we certainly saw with Toyota.
Where they didn't recommend Toyota -- that was a really big deal we had somebody come consumer reports on Barney company.
On the Fox Business Network and I think that would definitely gonna have to bring somebody on with this -- because is really the first -- apple about.
Products like almost ever right.
Although they have that what was the one that flopped on the Newton -- couple of things they had isn't in Carlisle on the they've really -- hit that ball -- pacing themselves if I mean basically you could -- it right they boarded those products on their own -- in they knew they were losers they haven't done this is an outside party a third party saying.
But they've got some serious armor because the acolytes love apple products no matter what you say about a hundred no matter what consumer reports says about -- -- so it'll be interesting to see if they put any type of a -- any -- of a dent in this armor.
That Apple's been able to to build up as the number one consumer electronics builders manufacturer and marketer I think in the world.
Well isn't it happening right they so -- these iPhone fours already.
By the time all this crap is done not an iPhone 5 -- and all the letters and we'll get fat.
All the all the people that are getting raises of five blades are gonna go out there and get the apple iPhone 5.
They will -- right.
-- -- -- -- But -- iPhone 5 -- -- spies now I'm glad anyway consumer reports saying they can't recommend and that's pretty pretty darn -- yes.
Beyond that market.
Flat right now are about 1 o'clock just -- -- -- 1 o'clock mark.
Yeah that's -- that's all day yet basically flat -- S&P and NASDAQ down NASDAQ is down three.
Earnings later today CSX.
I'd -- cola and Intel after the bell Intel guy on that later on this week earnings and little and in a lot of banks and financial regulatory reform going to -- this because well some banks are definitely -- -- wanna go anywhere.
You want to keep it here.
On the fox -- -- right hand on Fox News.
He's done and I think I think the take away is still an alcoholic tainted view of the week -- -- -- use aluminum company ruin your week.
So don't Intel I think Intel right good stuff up there Intel.
And wrap it up for -- -- him.
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