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A new instance and -- you out if something wasn't lying rat I -- happy Monday could you weren't here and I'm allowed to say happy when you're not here but -- Tuesday and all all all our year.
Even though the market is not all that happy market down -- down right now actually almost 240 points that's a whopping -- -- any points.
Drop from when the consumer confidence and came out Chris and I are on -- -- this morning with a number came out it was ten points lower than expected that consumer confidence number.
Markets down seventy points.
As a result.
This is that -- bloodletting right now and it's one of those things where you just you have not had any real positive market movements say for a couple of days.
In almost two months I mean really when you think about it we have just it's even been a slow bleed we've had days like this where it's just everybody you know.
-- the hope is that once throwing up on issues which is that you expression used on Wall Street meeting that's the point when everybody has to give -- For -- -- they're going to be during -- nights if this continues we're -- says that's it I'm done it.
And they're out and then that's when you can actually find a bottom and -- moving back up we don't seem to want to find a law that's what worries me -- -- We -- everybody working into this right eat Europe and today it was China and might -- toll in Barron's is here with us to do and when you talk more about this later but.
They basically revised China's numbers down that doesn't since surprise anybody could I've been planning not to believe those numbers -- place.
But nevertheless their growth might not be as lost as stellar as everyone anticipated.
So we hope came in today the Shanghai index was way down among the futures were down this morning market started off down its consumer confidence numbers did not help at all as a matter of -- -- Beckham joins us right on a great product strategist at Jefferies & Company they Craig -- ugly.
Ugly day on the street down 245 points on the Dow as we speak right now what do you make and this action this morning.
Don't play it felt like.
Data points here's summing up this bit of a perfect storm unfortunately the perfect storm I think is captured down on three fronts not.
Number one from the global perspective we're not.
Only do we have worries that emanate from the sovereign debt situation in Europe but now -- I think we've gotten.
Incrementally more pessimistic about what the -- profile look like on the back of the data that came out last night.
Secondly from a domestic standpoint the consumer confidence number was just just -- dropping -- -- and it comes -- a week and that is one which is very very focused on.
What the domestic job picture looks like how could start could see more more data points about how the month that you shaped up the job creation.
Standpoint look at GDP numbers tomorrow of course will culminate.
With the government data on June hiring and it's interesting now right now you look at consensus expectations -- published we're looking for.
How the private sector to add more jobs in the month of June that we saw the month of may which.
I think the people think is a little bit ambitious.
You know I think that the third ingredient to this that this this storm here is that we're secret technical standpoint we'll there was some encouragement did you know -- the 200 day average work.
A number of days.
That now implicated in history in we're -- looking at and -- with.
Reading your break below.
-- -- to double -- put in over the last month -- -- You put it all together here -- age it's not really very surprising that data negativity here is is really reaching AM pretty fevered level.
Craig -- believe all the hype about you know I got I received a bunch of emails after that consumer confidence number came out and said.
You know is -- par -- the course in recession people's emotions are up and down you know the BP -- still didn't help matters much.
Comments fell after Katrina.
I mean are we making too much out of this is you know maybe the market is just on its road to recovery and people just took things a bit too seriously.
I think like I personally trying to -- the consumer confidence numbers because I think history tells -- that what.
Consumers today and what they do can oftentimes be two totally different dynamics.
But if you look at some of the sub component in that consumer confidence number.
One of the things that that that's in there they think is you know certainly disappointing our round what looked at a consumers are saying about the plans to buy new homes -- was -- the lowest level -- a year.
And the patient does -- job opportunities are all also still.
Reported it sort of points out -- -- think it is being in the last few weeks on the data front which is that the housing picture and the consumer picture.
That could be at that sort of taking a pause was -- -- -- series of with a -- But in the industrial manufacturing sector of the economy the numbers have actually been quite good in typically better than expectations -- we've got.
A bit of a bifurcated.
And market in that respect here.
I think right now with the market focused on high is what's happening at the consumer household level of the economy and.
How we've got a week it's dominated -- that kind of data again with with the job of coming up product.
Yet you know Craig you mentioned breaking technical support to the downside that obviously means could potentially -- -- gave lower.
What breaks this trend because as I sit at the top of the -- really for two months.
It's been it's been a downward slide and if you know this morning on -- company were talking about the elections coming up in November what that's that's five months away and having -- -- trending down -- 800 on the S&P 500 until we get to those elections -- to something break that trend.
I always come back you.
Probably an overly simplistic approach to the market which is.
We -- to focus on what we're going to hear from corporate America on the profit front because at the end of the day it's the including -- extend the drive the market's direction value.
And I continue to feel relatively constructive about what we're here during earnings season the balance.
Early looks on second quarter earnings that we've seen have been.
Skewed -- positive.
Just less at least 3 AM posted revenue expectations that work.
Certainly you know about -- consensus was.
I would think that it's diluted earnings season that's going to be the bias and the problem that a lot of -- -- had.
At this stage of the game -- that.
Between now and earnings he's been there's a there's a big quality manner in which in the room which is certainly the employment number which good leadership people out of the market while we automate data.
What do you expect -- -- a season ending June 30 is tomorrow so this is it.
Are we gonna see any top line growth I mean what are the whisper numbers you're -- Did not play I'm not even sure that that that that at this level with the market right now trading at you know just over ten times.
Next year's not consensus.
Is that for the ST that's people are speaking in massive top like surprises -- -- the ticket again I -- wearing these and with.
Is generally speaking a high frequency of positive surprises.
And some signs of improvement in the top line that that that'll be enough that it -- proved two things number one.
That the pace -- this US economic recovery is is continuing.
Albeit in some of erratic fashion but number two there will be a lot of focus -- the terms of what's coming out of Europe at the market I think of course it is great to talk about Europe is a non issue.
They get -- -- -- -- of the certain sectors like semiconductors for example.
That those are industries that have really manage the capacity very very tightly.
I have been well positioned it to that there was definitely air pockets and after the overall earnings -- we should be we should be OK for -- for the balance of big US companies.
Craig would you recommend -- -- its -- -- equities here because we're seeing some as we was mentioning it last two months.
There's some really good companies are not gonna say the of the of the -- -- in the bath water thing even -- that it.
But -- do you believe that right now at this point -- you say hey let's let's let momentum take to run its course and hold off a little bit.
And tickets street probably prudent here.
They had to get -- -- this really really heavy data week here.
I get a little bit deeper into.
Dozens of the third quarter which obviously begins on on Thursday.
That you think it makes sense -- a lot of -- that local.
That's what America begins reporting results and and the rest of that that data flow.
I really didn't pick up until about the third week of July so I think that's kind of -- -- -- position -- you need to be probably a little bit more circumspect here over the next.
You know -- unified -- this.
At a minimum right Craig thanks so much for sharing your thoughts with us as always.
It -- -- equity products that -- -- Jeffrey's -- city.
You know -- passion.
-- of the U of UBS puts out this you know every day -- -- lease rates being nimble.
I mean I think that's an understatement in this market these days.
Really tough to be nimble because yeah.
Have you you know which way the wind is blowing if you're -- it you know but it -- if you're -- retail investor.
Like you and I and our viewers out there how is it it's just got to be an awesome money.
That's held a long time you buy at the wrong time.
Yeah and that's why I think we have three trillion suns like to know what to do si do nothing the fear of what happened that I'm telling and a lot of people in the fall 2008.
Who bought when we started to drop this adults great company down 12% on -- bottom and you know -- -- -- -- -- dollar cost average in and buy some more laid and the by -- before you know the companies -- 60%.
And yet to make up those losses I think a lot of people -- field and you know to it.
It's unfortunate headline but if you invested in the market over the last ten years you're exactly where he started and that's nowhere so that's very comforting either going to a bowl of -- this morning.
Back with more chipper is -- you know might say it's only gonna join us here since I have now while it.
-- good day for the market it out to hopefully blazes and a lot of people know -- talk about to join us -- about them going.
-- -- -- -- Scott -- here he's happy smiling.
Yeah yeah -- And -- space and you needed the residual effect is live somewhat less than 24 hours after your day off we've become miserable again so I'm still you know -- source of Iraq's industry saying we -- that when -- peninsula -- -- -- went to Dallas over the weekend in -- I traveled on Friday it was a comedy of tires it was like Buster -- was flying the plane.
Mole -- and Larry curly where in the you would of put their bags on it was unbelievable how long it takes you.
The travel across country New York to Detroit Detroit to Dallas.
Across the country acts midway twice there in the trip by the way it I was delayed because of a shift change.
-- we were delayed because -- -- -- -- Things too heavy since then had to get somebody off and they said well lo and behold.
It took us a lot of get the person often their luggage off and now in the middle of a shift change.
So and so not to -- inconvenience the employees of delta.
We're gonna inconvenience of passengers instead.
Does have legs I plot neon with my three kids that -- -- that those are the best night since always jump on my -- knows he's got two girls.
They'll be screaming bloody right along with -- about -- editor Barron's he picked a good day to have you want mean the market is arranged her in a cascading down 200.
52 points and it's it's all about.
A lot of things as trade -- was talking about it's really the disorder that confluence of of five or six data items and.
Makes the perfect storm that we've really is just an ongoing growth scares away -- right so we're just really concerned that we have really had no relief.
From disappointing data points to come out so it's not as if you can do -- yet but argument in this -- good but that one's a this woman -- that was good so I do think that that's what the markets are captured with right now I would spooked by his -- treasury trading down through.
Obviously weren't deflationary -- -- I don't necessarily think.
It means that you extrapolate this trend in the data or in the market but I do think the more time to revisit this level -- week for a third or fourth time.
-- the the lows for the year just about the SP 500.
That tends to mean the market wants to test.
Below the -- Well what do you see -- in the world according might mean is it.
Is this is this the -- on issues that -- in the are unfortunately not yet I mean if you look at the way the market is acted.
It has been very little intraday volatility recently it's been this kind of slow drip you opened lower or higher and you sit there for awhile and it's not as if there's there's raw panic you not seen the volumes have been associated with the you don't always need in -- you don't always need one of those things.
But I do think -- it's gonna take.
Lower levels if we're gonna get there to that panic point in other words we're familiar with recipe at 1050 we've been here.
Well the net so I do think you have to have people say wait maybe it's it's broken -- but there is this.
Really opposing currents right because you do have.
Reasonably friendly -- valuations on stocks.
You are gonna get earnings season coming through you know they're gonna be up kind of -- they always -- 67% of companies always every single quarter beat because it's open game.
And the question is you know the grass having good sent into the -- The consumer is a very confident.
We don't have a lot of jobs being added at least not until Friday maybe try to -- something different.
We have problems in China that China may be slowing down.
Isn't all things we already knew before coming into today I and it's sort of a big shot oh my god -- Selling stock I don't think much -- -- is have a real surprise to the market here which is why you see you won't why were not -- 500 between China has been a bear market all you.
It's it's defined as a bear market right now that's been telling you all along that it's coming off the boil consumer confidence is a very noisy jumping number.
We're very depressed levels even if we came in and we're expected today were depressed levels and I agree with you -- what it's the spill it's this sort of multiple things that seem like they're not solvable.
And I think that's what is really getting inside people's heads doesn't mean the economy falls off a cliff -- it means people are not gonna say things feel better.
Yeah and I think that.
That's just feeds on itself right well okay -- unsure about whether my taxes are gonna go up.
Now you know what I I live in New Jersey but this whole -- it's really far away from me so kind of freaks me out because he -- some jerk saying it's gonna hit the Jersey Shore at an -- -- -- -- panic mode.
And all this creates then -- and we do nothing.
And you know again that's when you wanted to get to a point where people are so bummed out the last person who was gonna get fearful about it got fearful.
And acted on in the market I think the public is checked out of the market for the foreseeable future it's been that way for a long time it's a pro pro vs pro market right now.
And it's really global money flows -- what's dictating and it's not about you or me deciding if we're gonna.
You know in our Schwab account buy -- -- right so I do you think that's that's going to be the game for a while which is why this kind of anxious trading range seems to me the most -- -- a wide anxious trading.
Do these -- ready -- can get us going in the right direction again because we -- We were in the right direction for so long and now or in the wrong direction almost exclusively for the last -- months will earnings do it will pleasant surprise on the jobs number do it.
What I like is that the jobs number the forecasts are actually not very optimistic that were looking for a decline.
So you -- the problem you have last month were basically people's -- started to get really -- and they thought it was going to be 500000 on top of the census are.
So I do think there's if -- -- more susceptible to a positive data -- right now and we happen in some weeks doesn't mean you're gonna get I didn't earnings will be enough.
But it's not necessarily like you can handicap with -- market's going to be trading before that.
OK I think you worry about Europe and all the contagious -- worry about it I don't think it's the same 2000 C.
We -- on some of the story with bear and -- in the backs it's not the market.
Cannot put a country out of business overnight to where you could -- this turns out of business overnight right they don't finance themselves that way.
And I do think that it -- takes one of these scares.
To actually create the change so I do you think you have the seeds of hope of ultimately what's the what the solution is right here it's interesting because the solution to the potential contagion is these.
Austerity measures which now seems to be with the markets are worried about the word about the growth implications there.
I'm not terribly worried about it the bleeding all over Europe -- there was gonna -- a half a percent or declined half a percent in terms of GDP.
I don't think -- was gonna move the -- but you worry that they're not going to be able to let go through it he's a certain measures.
Country by country I guess there is reason to worry about yet.
And that and you're looking act some people would look looking in 1998 we run -- -- was the emerging markets -- opposition.
And the -- that act which you really missed.
You know -- -- that final panic was when the fear of default or devaluation became the reality.
Right -- often it's.
You know markets don't don't bottom of good news they just except one thing that's been nagging at -- finally at least we know the terms are if in fact it's gonna go to.
Thoughts on what your latest article on that NYSE Euronext earth and you know obviously these trading floors.
Make money on volume and they just that they need trading volume and trading volume in general this has not been there over the last couple years what does this mean for.
NYSE and Euronext I see.
NASDAQ all these different trading floors when you know out of -- You've had thirty something years.
The wind you're back in terms of volume was going up and that's obviously reversed a little -- happen in the early seventies as well.
It what it means the -- smaller.
But I do think the market generally reflects that -- used to be -- -- growth companies now have guys like utilities basic -- value companies.
And I think that if you're better position like NYSE Euronext you can actually make money on the option -- which is which is now big and in Europe.
You know bad news for markets actually gets volumes going.
It's also the points and -- and maintained by the CEO of and why acts that.
It was artificially increase in volume that -- down for you if you took away a handful of very low price stocks.
Then it looks like you've actually had slight increases -- going since 2007 months.
Its interest in the rest of the world.
Pays for stocks not based on sheer volume.
But based on how much money it cost you and it was a percentage of the total.
Amount you buying in dollars and cents we had this weird system will we care about survivors put the dollar dollar -- actually.
Up because the markets up from its close match so it's interesting it's obviously not going to be when to go back for a little while now but I think that they're navigating through.
-- -- love having on his I think you just you ground everyone and take the compound.
Might since Ali thank you editor -- got to come back often.
And congratulation to -- -- His -- graduated from kindergarten as -- -- was a very big moments let you know why it's an economic did you graduate from every level of pre K.
Pre K 34 they have all these graduation did you graduate in kindergarten and it the first regular equivalents graduation.
He's a site.
I cannot eat great tennis this whole psychological mental distraught saying that these kids have gone on that we -- our children now we're graduating to Peter Barnes is actually -- in DC talking about.
You are -- Peter hand found my way.
Melissa got the flag graduated kindergarten I might be able to help you out half.
Slowly -- to I need to act either in there and continuing education -- so -- a marvelous wonderful thing about our economy or admit -- ever resilient -- that.
Concerns of some fed watchers down here and and in New York on the street.
Who are starting to think that maybe the Fed might have to start print my printing more money here depending.
On how the economy unfolds whether or not this economic recover that we've got under way.
Keeps going -- starts to sputter out.
We -- we had the president meeting with Ben Bernanke the Fed Chairman today it was kind of a surprise.
Officials say that they meet from time to time but.
But in this particular instance with all the bad news out there consumer confidence and and Europe and everything else.
They allowed the TV cameras to come into the Oval Office and and show the -- -- sitting together obviously trying to project a unified front that they are on the job.
On the economic beat them they're gonna make sure that they -- do wherever they can make sure the economy.
Does not for example hit a double -- which a lot of folks are concerned about.
But the reality is.
-- to head the voters and and congress are really not in the mood to go out.
And and launch some brand new gigantic 800 billion dollar stimulus package like they did last year.
And so now that's leaving analyst.
Defaulting to the Fed.
For perhaps another big stimulus program I talked today to a former fed economist Joseph gang on who's now over the Peterson institute for international economics -- -- -- them.
And he thinks that.
And depending on how core inflation goes over the next six months because right now it's running it under 1% year over year in the Fed likes -- debate.
If core inflation stays low he thinks the Fed -- that could launch another gigantic stimulus monetary.
Quantitative easing -- program up up to a trillion dollars.
By buying longer maturity US government treasuries.
To help keep interest rates low and to pump more cash into the economy says that he he expects that could happen in the next six months.
Do we have any idea of what the Fed governors think about this -- it is near unanimous support -- this series -- Thompson about this.
That that there is dissent no question about it area ten members on the FOMC.
You have one or two of them you know tomahawk honig the inflation hawk at the Kansas City -- Has been dissenting.
On the language to -- interest rates low for an extended period he he would like to actually see the Fed starts selling.
Some of the one point seven trillion and current holdings of securities.
Jim -- -- -- dubbed Saint Louis.
Fed has also.
Talked a little bit hawkish -- about that -- they have a couple others.
But I asked Joseph about that today and he said well listen.
Say you have three hawks who don't want to launch some new big stimulus rescue thing you still have seven.
-- that could likely go for it and so he's keeping an eye on and people are talking about it.
People are certainly talking about it Peter and that's going to be the interesting I think angle this time around you -- get a lot of dissent.
From commoners like us this time around people are sick of all the spending.
And you talk about adding another trillion dollars basically to our deficit of in this well is a part of pago.
Right well remember this is a fed program so this is where the threat that this is not -- where the Fed could just print money by buying up to another trillion dollars in securities.
And so this is -- fed program Ben Bernanke himself you know this famous quote.
Quote the US government has a technology called a printing press.
That allows it to produce as many US dollars as it wishes at essentially no cop caught this would be one of these -- Quantitative easing programs that we saw they were already did it with a one point seven trillion purchases of mortgage backed securities and an agency debt to help keep interest rates low.
Joseph is thinking they could.
Go up to you know what what we're talking about here up to three trillion may be on the balance sheet.
By buying another trillion dollars in securities to help keep interest rates low and help stimulate the economy that's what he's talking about.
And influencing this -- talk now people get this people are understanding what's going on an you know that the -- -- is now spending money and and that one point seven trillion that you spent said.
It creates the money they'll trade like fed creates the money so should we -- is imminent -- doesn't hit it doesn't affect the deficit or anything like.
But it says the Fed's balance it affects what we ask the value our money out there and -- -- that's true and that's the danger that's the risk that risk you know because there of their critics of this is say hey.
You put that much much juice that much cash into the economy that much more cash and you -- maybe triggering.
High inflation and that's of those -- research note out from.
It was Credit Suisse the other day or -- RBS were up by the Scotland yet saying.
Hey inflation is coming the Fed is is you know.
Pumping too much into the system that's gonna get a big jump in inflation and that that is the risk.
That's -- Joseph thinks that the Fed can manage this and do the trillion dollars but -- -- if if inflation starts to come come back.
They could sell off the paper they could raise interest rates to to head off inflation -- think I asked them.
Do you think that they've learned from the mistakes of the -- he says absolutely he just left the -- in September.
He's still talking to his pals over there and he thinks that they that they are very vigilant on the inflation risk as well.
As as the economic.
Covering -- -- I have confidence in them down that Peter I'm going to be you're doubting Thomas -- she Iraq and thank you so much now that's a good week talk about this all that I love it thanks Peter.
Thought that we got to go to break I know I can't play unlike and that means the book.
This makes me crazy -- don't think about it I you know this whole notion that Justin printed it's okay.
That he's going to be great for Ben Bernanke it's going to be a disaster zone and -- middle road and if he can he -- manage it you can manage it.
Not gonna bounce back against -- -- against the economy starts to improve enough to where you can raise interest rates and still keep the economy in good shape than you might be all right.
He's gonna walk that fine lines at the time it just right and perfectly and he doesn't.
In -- disaster but the show isn't disastrous awesome.
I would -- only affect -- me that's arm yeah.
Plus is dot com live Tracy is really fired up today -- Know why it could umbrella and a I everything has had private smiled advised him not -- that.
They're people a lot use the you're doing okay.
Let's move in the market which is not doing okay down 233 points but now I dismayed some selected down choice is pretty much today not gonna find it enough to do up to I have to -- as you do you I -- Yes -- -- okay first Barnes & Noble another reason I think Barnes & Noble.
Fiscal fourth quarter loss wide end even though they have stronger than expected sales.
I love the brick and mortar -- this is -- you brick and mortars out there that I still love going to put it saddens me it's got to be going away.
It has got to -- in the note by the ways it's in cheaper and cheaper.
I don't know I don't know -- -- He actually is present a little bit shares fell while previously -- -- cracks into the numbers.
Company can keep it relatively strong fiscal third quarter report.
Their saying that it could be a precursor down the road UBS analysts cited -- note that -- the -- at -- it was down almost 11% earlier.
Biden was also another reason I picked Biden was -- -- story that we were talking about earlier.
So now Google trying to come back to China remember Biden took up dramatically one way too much you -- when global at a time and said we're gonna you know stand righteous and not be censored -- we're leaving -- so -- -- -- for Baidu.
We'll Google comes back with patents -- down the road -- -- -- at about 7% here my two pars you Smithfield Foods.
I think that -- -- sausage and went on.
A lot of -- products.
The -- resilient company is in talks to acquire more -- act.
Which would imagine it would no -- -- Smithfield.
I don't know what that means and -- -- like the frozen food section and you go to Dubai.
And sausage links in the morning what would say -- let's not be there.
You probably still say Smithfield is the Davidson Brazilian named right -- that I be sexy actually my by the missiles content.
You know I like breakfast -- to be sexy right.
Middle America buys practices they're not concerned be sexy.
I didn't breakfast sausage in the fourth audience that you on the heels -- -- a feel I'm -- -- I'm with you on that I'm I'm feeling.
You don't care about the insensitivity about Brazil you know -- to do but cattle -- used -- Our Javelin Pharmaceuticals up -- -- -- -- -- -- -- -- -- -- -- Has -- has said it would -- -- -- -- by the drug developer at the end of the month companies that about a 41 million dollars that's your emanate.
All -- meal of the day but otherwise not a whole heck -- a lot up.
Today up 58%.
On a down 230 yeah but really small and -- -- -- Catholic every possible flag -- I mean throw out there you lottery ticket exactly.
Smithfield Foods not some lottery ticket and up.
Finally except by -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- While what do you do Monday to a counselor and thirty points right now because it's one of those situations -- say.
I'm hanging on not gonna buy and not themselves -- -- -- waited out here a little bit because we didn't go down for two months.
Well we had a big bounce a couple weeks ago and -- right back -- June support level so today's actually pretty import from attack and they have a perspective.
We hold these lows of below the -- actually right at that -- from -- So we break through that received huge selling late this afternoon.
Some holding back doing anything.
We did some buying lastly you bought into the ETF that tracks the US dollar index which -- of the few things that are actually is actually up today.
So we've we've we've actually diversify quite a that we -- That Japanese yen two weeks ago that's up today are golds up today so we're pretty diversified portfolio so I was gonna sit on my hands that.
But you are -- and some stuff.
And you you give us three picks and I'm just gonna jump around a little bit because one of -- interest me the most.
Which Hain celestial Hain celestial accident on the list of many people we've heard he influenced a bunch times is the maker of T right.
We can't -- a lot of organic foods right up yeah -- so this is still something that I mean you don't wanna say it's.
A sure thing.
But it's through it all it's pretty much held on.
It's held on especially this type of market is getting hit pretty bad today but in this type of down markets people are still going to buy food -- -- -- by the T.
There is that movement towards organic food and have a lot even have a foothold in the organic food but even generated from frozen prepared meals to -- that -- you name it.
Hobby it's it's a very large diverse food company and if you want something a little more conservative that has some nice earnings growth and a valuation this has had a stock you look for.
People gonna buy food but they're gonna buy food from.
You know Procter & Gamble they're gonna buy food from you know more of the main line.
Heavy distribution kind of food companies right I well I -- -- foods is doing well but I just don't understand.
Why -- of anything why people spend more money on food you'd think that would be the one thing they would spend.
-- -- -- If I may yet do a lot of kids stuff we do think they do baby food and people will spend.
Not me because I I apparently sent them to Gerber -- -- why is that we have tells me now is crap on it every -- But at all and came does all these org you know you will jars and -- twice the price -- that it's like when you have to go by like forty yards and had quite the regular you can go back to the Gerber and but even -- -- them.
But you're either by that the higher end like -- Haynes we -- total low and words like Safeway brand or even if they exist as a black relate -- -- baby food on the web front.
I mean so I don't think the PG -- gets hurt -- any.
You think they actually get -- in this give the middle -- gets hurt because you're either go by that higher end or the low it can in this type of environment.
Bomb you'll also agency regulated at Columbia ETF and I thought it was chilly.
Or Brazilian -- Brazil but Colombia's well supplement -- actually be doing better their stock market's been doing better they're sitting just off an all time -- -- -- not their stock market up about 10% this year the GXG which is a global -- Columbia EPS -- 21 Colombian stocks and there it's pretty heavily weighted to -- the big names of fatal Columbia which have actually mentioned that show a couple weeks ago.
Great growth they only have 2% inflation looking -- 3% GDP growth this year 4% next year.
And -- governments actually stabilizing.
You know that they're actually moving away from the crazy left this.
And that's what those countries that could be the next emerging markets it really hit -- -- -- in danger about that -- -- I dysfunctional one on the yes the -- -- at the -- -- the bipartisan and -- drug cartel and everything and Oslo yeah.
Ago they actually they were the number one cocoa producer for decades and -- just took them over -- that are actually I did try to slow that down that's -- gonna.
Does someone have a pretty -- -- and that one years -- all it has.
He -- -- recessions with a few country that you did not go into recession which is crazy and have yet.
You're relying on China you're not relying on Europe when you're at Columbia you're relying on what's going on South America that -- and eleven days ago but -- -- also the fear Venezuela there that -- -- where he got this conflict and no.
Shot -- was talking about -- troops there there Massachusetts on the other side of the border in Colombia it is always a fear that point.
Chavez might you know that this movement -- anything -- he's a complete wildcard -- Olympic Stadium.
I mean Colombian basket but with her.
Them on the other hand well what -- -- that was something of a metal everybody's older gold holds a lot of I hit an eight -- our biggest holding we have we do own some shares of PTM which is a platinum -- yet.
First base to it needs yet the distracts the price of platinum.
They haven't done OK it's got hit the last couple of weeks with silver and copper it's come down.
But I think I valuation basis by -- own gold or platinum today.
-- actually -- more platinum here today after the pullback that we've had you know it's interesting in this is completely anecdotal and -- -- just -- out there spoke to walk into a -- the other day and asked what you selling you selling anything she said yes.
While now that surprises me and this is not like I was in the middle of some.
But I -- wealthy town and everybody is buying a diamond ring nobody buys gold rings and of course you -- platinum by trying to pay the extra money for platinum likely Madonna do to send -- -- like and like going to be the same.
As a -- and held its value yeah.
All over the years to me it is as reasonable value serious -- yeah.
Turns my sense to me by -- as a positive -- and lots of golf but -- -- the whole blood diamond issue yeah it was a great movie by the way.
Talking about like river yesterday they covered it all -- -- earth.
Love medical -- and -- financial group.
And as always really enjoy visiting with him.
They've got a lot what he gets -- -- -- -- the show Jeff Flock is gonna join us from the Gulf Coast the vice president making your visit we'll talk with Nevada and -- want.
Welcome back this feels hotter and burns -- Jeff Flock right now although wasting what time he's done and loans at the unified command center.
Jeff the vice president making a visit I know a lot of people the past that.
For example the president made his last visit they made -- -- a little bit they came in and out real quick got back to Washington what do they expect today from the vice president.
Well -- you're actually right today on WWL radio which is the big talk radio in town there were a lot of people saying this is a drive by these guys are making drive -- I will say to the president's credit last time he did stay overnight and they like that.
But Vice President Biden today is going here and perhaps you see ideally cancer is motorcade but you see the police officer perhaps over there.
This is unified command series being with admiral Allen.
Secretary of the navy secretary -- they administrator of no law.
Getting a briefing on what they're -- when he then goes and that's why the motorcade is fired up tea leaves here shortly.
And I think -- now we're CNN would actually -- watching here live on the Fox Business Network -- vice president Biden's motorcade beginning to come.
And -- -- head over to -- seafood company palms.
Seafood company -- is that.
You know one of the folks that are impacted by this you would give me what those folks.
Then he goes to -- have a press availability with governor Jindal who.
We've heard on the right over here is given him a real earful.
About you know just issues with the federal government them not approving all of the permits -- that the dredging that would you know now we're getting.
This is aspects of this storm out there -- blowing over the boom that's been put up they wanna put you know the solid sand -- and rock firm.
The feds have been slow on that full project.
So he's got an earful but get a continued here -- but it goes to Pensacola.
Which of course that that concerns there as well but not a bad -- right here in the war.
Jeff even doing such great stuff down there be safe and that he was posted.
Geoffrey Robertson thanks Jeff -- down in New Orleans watching.
It's like it's like -- call with what was the lowlands and really really not helping me and I'm a little what I think I finally got everything that it's too bad reference that I just -- because I don't know anything about it but that that little detective that -- on the back.
Bob did you and spread of body fat -- at some time.
But -- a -- I'm fine I was trying to -- I wasn't fun I was in -- and Bob tell us what's gone on in a hotel well.
Well is actually great news for travelers.
Because the economy's -- -- looks like it's getting a little weaker of the market's down etc.
so not as many people are.
Our our traveling especially for business now leisure traveler is strong.
I stronger than this -- trial business travels cutback that means bargains are out there so there's.
Good news for travelers also because the dollar is so strong right now.
That means Europe hotels cost a lot less so you can stay right now first class.
In cities like London and Paris -- a good selection of hotels.
Very close to -- a hundred dollars a night for example there's a bunch of hotels in -- like the -- very very close that Hyde Park.
If you can find right now right around a hundred to 125 dollars a -- lot of hotels in Paris.
In an in an essential areas close to the opera quiz the Eiffel Tower that you can -- first class run a hundred dollars a night now we're telling people.
Book if you're booking overseas because this is peak travel time especially for Europe.
Book your hotels -- dollars.
And -- it and because we don't know what's gonna happen to the dollar right now what happens to be strong so you want a lot -- -- you don't -- -- -- in euros -- pounds.
That's when you get there they rate -- be a lot different people can dollars you come mocking a really good.
Rate right now.
We just spoke with Jeff Flock down on the Gulf Coast.
What how is this spill affecting travel down there -- -- particularly New Orleans.
And -- really the the -- Panama City for Walton beach area as far as vacation destination Estonia.
-- with a big impact is in the Florida Panhandle on this of course is peak season for the panhandle.
They are really getting her -- we've seen occupancy is down a lot of hotels and vacation rental properties and then.
It's 6070 some even 85%.
From where they weren't -- memory not everyone is going to -- lot of people just go to golf they're gonna do other things there so if you're headed there.
I you can really get a bargain rates are way way down actually the entire state of Florida.
Is a great bargain right now and -- the impact is in the panhandle is no impact at all.
On on the pretty much the rest of Florida down the south side southeast Florida Miami Fort Lauderdale great beaches great bargains right now you can stay.
First class on the -- we've got a bunch and -- cipher and a hundred dollars a night right on the beach South Beach.
As low as about 151999.
Dollars a night.
A lot of first class hotels the West Coast of Florida is a great bargain Tampa saint Pete Fort Myers the Florida Keys are not impacted.
And great bargains all through the keys Key West it's a great time to go to -- last rates are about half what they are in the -- time.
So really all -- -- great bargain Orleans -- We're showing -- one of the best organs in that country right now a lot of people like to stay of course at Disney.
Is the hotels are using very expensive then but our real bargain that people don't think it is downtown this.
It's part of the Disney in a grouping of -- to get free transportation.
Throughout the theme park now you can book.
Hotels like the regal sun recently renovated with about a twenty million dollar renovation for those 85 dollars a night.
Kids stay for free.
Characters come in to have breakfast with -- Mickey Mouse himself comes into the hotel.
So lot of bargains throughout the state of Florida.
That's really cool thing so what's -- -- what's the best place this summer like if I had to -- one destination where's my best bargain.
-- the ultimate blockbuster right now -- Las Vegas because that's happening Las Vegas so many large groups and conventions canceled.
And this is going to take a lot of time for.
For the re bookings for comment and really for occupancy rates to pick up in Vegas so many new hotels have been built that you can get the deal of a lifetime.
In Las Vegas right now for example we've got hotels like the Tropicana on the strip.
Under thirty dollars a night we've got five star hotels now four is nice but there's nothing like a five star -- So you can -- a trick and bases go mid week which means staying Sunday through Thursday night.
Because the rates are less -- loser on the weekends rates tend to go up on the weekends if you can stay in mid week.
You'll get an amazing bargain I was just talking about this here in the studio here to.
-- thinking about Vegas the luxury suites at MGM grand -- floors one bedroom suites.
We've got them right now you cannot see him link on our site for his lowest among the two.
Dollars and 95 star hit it it at this Lowe's last five days of -- experiment five I -- 92 dollars to five stars not that.
You know you airfare the skull yeah I think Brussels -- so cheap airfare is not bill unless you do it right because I tried to book a flight less than a week.
Advance notice it is really sure that it was over a thousand dollars.
A so you still have to do it in the right way on -- don't you.
Well there are a lot of tricks on airfare and and we'll we'll see what's happens a lot of capacity has been taken out.
So there's less you know when there's less supply and demand stays about the same the rates affairs tend to go out.
The airlines have been doing all kinds of things to raise fares for example a charge you to -- and actually reservists see charging for luggage charging for food.
-- -- charged with three dollars from bottle of water he's really getting crazy.
But if you're savvy.
If you do little extra homework for example.
Think about -- a lot of people don't think about Southwest Airlines because you don't find it on the major online travel agencies you've got to go to southwest.com.
-- call them -- can often be a lot less specially if you book there wanna be fair to people -- in advance he get a much better rate on southwest also.
Yeah a lot of other smaller airlines around the country that you can book one way fares sometimes in one way fare.
Can be allowed -- 21 weighs in May be two different airlines -- -- a lot lower than poking around -- people won't think about this that they can often be laughs.
Also think about alternate airports.
If -- going for example to New York City think about -- most people think about LaGuardia or Kennedy.
But sometimes -- into Newark -- a lot less if you going into South Florida.
-- going to Miami think about for a lot of no airport it's not that far away fares can often be laughs it's yeah West Coast cities.
I'm your Denon and I've done that go to -- -- with my kids Fort Lauderdale in particular is a much less crowded airport.
Easier cheaper and handle and it's only twenty minutes away Bob thanks so much for -- -- great tips check out the sites at hotels dot com and get a room dot com.
Bob Diener co-founder of both with us at a Portland Oregon.
Good stuff yeah they spend on.
Yeah and -- the Nixon as the alternate airports southwest to southwest -- a lot of those like midway and Chicago.
Love field in Dallas they go to sort of that this secondary airports so.
I got to -- -- I can add -- -- links and weigh in Chicago one time on the south side very -- have yet.
Southwest that's where they fly into they find any smaller airports and -- you tend Jones and he could be in.
-- -- -- Click here.
I think it's an honor you.
Now wait I guess we'll take it the wrong way -- USA today did this story on.
The state each state in the worst food it has or you mean OPEC but -- caught my -- was.
The -- what they dubbed the words coming out and Georgia.
Up up up up with the worst food for you the worst possible thing and now they didn't like measure caloric intake or anything it's just like.
They're going on gut like literally it wasn't figured that I looking at this thing it has that either way yes so here's the worst possible Sam -- -- -- the Luther burger you I'm.
Resuming its act named after losing interest in common ground beef had they said this is -- -- -- -- sentiment as well.
Ground -- Patty topic bacon and cheese sandwiched between when it.
To Krispy Kreme Doughnuts.
All -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- But it's also need to point out executive producer brought it to my attention that we've seen an increase in obesity and 28 states.
Eight of them.
So an increase of more than 30%.
Tennessee Mississippi Alabama West Virginia just to name a few budgets the it did you -- common thread among they -- We did have a and they did for you in -- -- out.
The Jack in -- -- a seven pat is a seven pound breakfast burrito it's made with 78 of those twelve eggs a pound of him a hole in Chile -- hopeful -- to police and -- -- and she long kestre you know eloquent break and you think about.
-- -- -- Then have them bring you back home that's why did you know home to -- -- us why didn't you just you.
-- -- they'll think of it break.
I thought this -- Chris -- thinking about the -- there burger and Luther burger which I think by the way I know where that restaurant is.
I think it's today there's one restaurant in Georgia it's got to be there very near a slate yes and again and it is going next.
Speaking to go in my kids.
Love this next toys that we're gonna show you they just keep going and going on them Greg out of Cymer is -- president national sporting goods.
Talk about the -- bike at a wide bike was originated in South Africa correct that's correct originally made it look.
And you have to explain to help kids that are -- The whole idea why bike and basically -- the kids foot to four pounds.
And the whole concept behind it -- it's -- -- we think kids ages two -- four.
And it just starts shooting along.
With their feet up and sure enough they learned -- You posted if they can see it only has two big fat -- let's put it right on kids at that -- use there's four and they're square right sometimes there's just read it a bit with a little fat legs around the thing that.
At least -- that some kids can get around.
So this now helps them because eventually it's almost like the run right.
The beauty of the wide vikings kids they gain confidence and learn balance they get going there with their feet up and turn right left.
And the whole concept behind balance -- is.
Once they learn how to use -- kids -- the floor that can actually go from this to riding a regular bike.
And now you two different versions here right you brought it -- one in the orange one and if it's -- different age groups right.
Right the wide like the plastic version is geared for kids ages two before then although as you'll find kids bigger kids -- it.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Well that's -- that.
And the orange one which we call the extreme.
Different snack -- half an aluminum frame and rubber wheels and only has one -- in the back.
So it takes a little more more balanced right then and once the kids get on -- they really.
Gain confidence really quickly and you'd be amazed and we -- -- -- one of the key things we do with this we do program.
With schools which preschools where we bring -- -- -- why -- to give the teachers a lesson plan.
And they pace they pass the kids on some basic motor skills prior she's alive like very basic skills getting a one foot walking the line.
And we give them an activity plan if you like by -- use it for two weeks and we -- the kids again.
And sure enough most of these kids.
Improve at least a 100% -- -- OK so someone -- in -- in South Africa yes.
You -- it it does great over there right.
We talked to a small businesses how did you go from South Africa and then break into the united well it's an interesting story the product was created in South Africa.
By a designer who's got incredible passion -- -- Kruger.
-- little -- and down.
Basically wanted to create something -- -- Scuffle was right -- amazing in South Africa.
And -- my company national sporting goods we've been in toward business sporting good business for over forty years.
And we'd like the most most of the products we do products with wheels.
I happen via a trade show while attending -- -- -- in Hong Kong.
And -- was there and looking for international distributors and I was really.
The whole design the collars the -- -- caught me so this is fantastic I've never seen anything like it it's a great retail price point which is really important.
And we start talking -- to some retailers and it's really taken off what is your price point.
The -- -- itself the the blue on the plastic which comes in four -- is 79 Newton and then the extremists.
-- And and and you're distributing it right what retail channels and even alien going.
What we're concentrating our initial distribution.
Through toy specialty retail.
So it's in better right now we probably have been about 200.
Course specially shopped around the country but -- not as if it's not Toys -- Us right now we are selling it through.
-- catalog Internet companies you'll find hopefully thrust dot com Amazon.com.
In the market dot com.
And other leading web sites.
So what kind of tells you -- that it -- that it's one.
Yet we've been really lucky well that didn't it was voted in 2007 when the product was first developed it was voted for -- -- South Africa.
And now in 2010.
That the product is on being introduced to US market we're fortunate enough -- -- you've been awarded.
-- -- An award from the Oppenheim group Stephanie Oppenheim who's one of the leading.
-- reviewers in the country it got the gold -- award for 2010.
And just yesterday it was announced we got from creative child magazine.
They're toy of the year award and kids ride on category yet.
So I like the one from because you think it's metal and has the rubber wheels in as we all know -- I have five kids my family all about 235 years apart.
But I used my brother used and then his sister at it today it looks like it the type of a piece of equipment that -- less -- the metal -- part.
OK so now.
What's the plan week's -- worldwide domination now we go through this together the plan is to.
Get as much exposure to the product -- we can get it out there are and build and build a distribution base if the price point just.
Of people out there are still buying it even in this economy because your -- right on the -- we talked about and you know little by him by.
Yeah I did -- and all the bells and whistles -- ethic and this is.
The real good quality item and with what's interesting if you look at what we call -- balance by category a lot of the balance bikes are.
You know these are what we call these training -- without -- A lot of are made of wood or aluminum most of those Koppel bikes are well north from -- hundred dollars fill in this category.
Our balance -- is actually -- price.
You know we're we're gearing it I think the price point is -- it's it's you know if you look at the quality the weight of the plastic and live like.
In South Africa now this thing's been on the market for three years and the product lacks.
You travel the world looking for you need toys you mentioned Dallas it was -- right found this one in South Africa at a certain pockets of the globe right now where.
Where you're finding some exciting new toys that you think might work in the states well.
We're constantly searching and that's South Africa is the last place on our four I would -- -- to finding creative company.
Such is the designers -- -- widely but -- showing interest thing and a lot of the toy industry is really based in Hong Kong.
Not China is a huge manufacturing base for the toy industry and consequently.
It's really unique place -- me.
Different people is this an infection in -- yet so no doubt main attraction and yeah and that -- were developed and -- and.
South Africa but it's all move to China for ease of worldwide distribution deal let's say -- -- you can find out more about it.
Okay they can go to WW then -- -- USA dot com.
Why bite USA dot com yes -- excellent great thank you sir appreciate that report from great cattle shiner.
With the why -- check it out that's gonna wrap it up for us down to -- 38 not very good.
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