tv Lunch Money Bloomberg January 9, 2014 12:00pm-1:01pm EST
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. we will be filling you in on any details that become available through the course of the day. stay tuned, because "lunch money" starts right now. ♪ class -- >> welcome. here is what we have got today. day three, samsung is already in your living room. now they want to be in your kitchen. in sports, we will break down baseball's newest hall of. we will take you aboard the ship destroying chemical weapons. for the amazing stuff. going inside for art's exclusive driving's will. using root the beat vegetables. we will kick it off with mobile
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and a chief executive quickly earning a reputation for being unconventional. >> i always have things to say. you -- of looking silly, myself -- to is it -- if the way you want to respond to this tactic is say, there is a contact on the device, it is not good. go to it. -- go for it. we will redefine a stupid, ericn, arrogant angus -- and industry. it is an abbreviation. -- arrogant industry. it is an abbreviation. i cannot get up or two years and i will hold that own to my head for the next two years. desist letternd
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is going out and those kids will be unemployed. >> this guy is spicy. he sat down with jon erlichman yesterday and it was no different. behavior,my normal this is for everyone. i generally enjoy doing things that cause pain to at&t. -- likepressing crashing their party and getting kicked out by security. this rebel to the wireless industry is doing something right. here is why t-mobile had the est quarter in eight years. part of the strategy is .eimbursing customers >> we are forever eliminating early termination fees and moving the industry. what it can mean, a survey was done last week, 40% of families said they would consider t- mobile.
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78% of customers said they would consider moving to t-mobile if they could get termination fees paid. i do not think 78% will come, but it is a revolution. >> the numbers have been impressive since you watched this plan. no doubt about it. of have been adding a lot customers. you mentioned at&t so i have to talk about it. , they madeahead their own announcement deservedly on the contract side, not that different. what are the differences? offer. came out with an >> you called them desperate. >> totally desperate. why would anyone move to a planer to take a limited to the next upgrade program nobody wants for $200. what you can do -- here is what i suggest today. i announced, iq, at&t. i suggested everybody consider our offer.
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if it does not work out, at&t will pay you to go there. it is not competitive. theirs is a program and ours is cash. perve five lines per line family and cash paid for your etf. >> this is important. international roaming, which was a big move. some wonder how far you will go in terms of the potential price. -- price war. are we in a price war? >> no question where i will go. jumped 3.6 million. up 10ational roaming is fold. this is only considered a price war to people with 55% margins with people into contracts. we are a profitable, the -- profitable company. >> what about reports we will
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see a t-mobile partnership with will giverulon >> i you the standard, i cannot comment on that. here is something to think about. almost all consolidation of the industry was done for somebody to acquire spectrum. all of the people rumored to like t-mobile right now, all they have is spectrum. not a business. company, this movement, this revolution and brand will continue, whether we do it alone or consolidation, we will be at the forefront of what happened. >> this revolution is actually making a dent in the wireless industry. all of the carriers are recognizing they can no longer charge anything they want just because they have an amazing network. verizon's sale to t-mobile showed marginal improvements do not actually get you anything. once everybody has realized that and everybody realizes we are , then they have
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to differentiate themselves. i do not think anyone will have any choice but to get dragged down into a price war. it is winning. at&t party he crashed, we had to ask him about it. >> i love macklemore and wanted to go see them play. i was surrounded by a the of humanity that escorted me out. i am sure i would have done something different. >> it was not a stun? >> no, but i will tell you i prominently was displayed in the new york post right next to kim and the former governor. i've arrived now. >> we can watch the full and spicy interview with john online or, you can go to our award- winning tablet app. baseball's is new hall of famers have been announced.
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it -- and what actually got them inducted. gadget wars by getting projects -- products into more. we will talk to the incoming ceo. before we had to break, you have got to look at this. robots. and at driven toy with a built in camera. you can pilot it by wi-fi. it may be kind of repeat. it will follow your jesters -- gestures. check this out. ♪
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, making a big product announcement. world wrestling entertainment, wwe. forcompany responsible providing highbrow coldrolled icons such as the rock and hoke logan, they are now introducing wwe network -- network, an online video channel. the network launches february 24. now, to a company we are more accustomed to seeing. we talk about samsung. it will release its galaxy at five smartphone which may feature an ice scanner for the first time according to the company's executive vice president. samsung is hoping the set will be able to compete with apple's iphones. another play samsung wants to be, your kitchen. we are talking smart appliances. . >>shows us a plan to do it
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ces has ovaries been about things like tvs and computers. lately, you could add another category to the list. kitchen appliances. the home has come to be a world of opportunities for tech companies. one of the big players in kitchen appliances right now is samsung. they have ambitious goals. they intend to be the world houses largest manufacturer of appliances by 2015, an uphill battle because to do that, they have to increase revenue by $6 billion a year to displace the current market leader. they have got a bunch of new products they are showing here in las vegas. like take a look. with a the refrigerator target price of $6,000, not for everybody, but it has an interesting feature. it has buttons on the top of it. one says fridge and once as freezer. you push whichever you want and that becomes a fridge or a freezer for as long as you need it. , still or dispenser
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sparkling. let me show you what is going on inside this of an. it is a flex duo of them because of this panel right here. you pull it out and you have got one giant cooking department for your biggest turkey. you put it back in and you have two different cooking zones. you might have asparagus up your and 275, and the poor clone -- pork loin here and they are cooking at different temperatures at the same time. samsung is already a big name, but they are bringing new technology to that category. here is the usual problem. you want a bigger wash routine -- machine, it makes it really awkward to get things out of it. samsung has made their tubs not so much deeper, but wider. they can still hold more clothes, but super smooth to get them in and out of the machine. ? itabout the big ambition is too soon to say, but it was
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not that long ago when people said, samsung? smartphones? topic, wearable tech. qualcomm circuits make a lot of it possible. here is their ceo. >> it is a great opportunity. you are seeing everything wants to be connected and run some form of a mobile os. it looks to me like the same strategy we have had for a number of years, we mobile will go into everything. a strong reason why we are dated. >> should we be thinking about it as an extension of mobile or a new area? my thinking was, can you carry the momentum you had with mobile? it is been a huge window in these areas area aren't -- areas. are they connected? >> the core business, the things , weave been successful still have a lot of legs in it.
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tablets, wearables, which really will acquire the same technology you have to develop in order to be successful in smartphone space, those look like new s.jacent market the things you need to be successful there are similar to the mobile space. >> everyone is talking about wearables. tell us your big picture view on the category. can it stand alone and follow smartphones and tablets as the next big category e >> in many cases, it is an accessory. you're looking at the opportunity for all the cloud services you run to get more data. in some cases, they do that by pulling more and more information off of your body or off the physical environment you are in. a lot of times, they consolidate the data and send it that through the network through the phone. it looks to me like the phone is moving more and more to be a bigger part of our life through additional opportunities for --lity tom daschle qualcomm
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that two were elected. helping the braves win 10 straight division titles and win the world series in 1995. three managers also made their way up to cooperstown. that did notnames mark mcgwire. one man who knows a thing or two about the nfl heart -- hall of fame, the pedal -- president of the international hall of fame. he spoke to pimm fox about three manager inductees. inall three are well known the baseball system by everyone. they are all people players love, i think. thatis one of the messages has come through on these people. they're the kind of people people want to play for. that is the exciting part. >> same thing for bobby cox area
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, baseball managers, like players, move around a lot. >> let's talk about greg maddux. someone, theabout two pitchers that have been brought in in terms of their unbelievable records, and everyone talked about them getting voted in the first time. i know the players do not know until a phone call comes. in each case, they have had sterling records in terms of starting pitchers and they travel around as well but both of them had a home in atlanta. >> the potential inductees, are they told the phone will ring between a certain hour and a and they ought to be home? >> you ought to be talking to someone like jane who makes the call. >> you do not get to congratulate from there. >> there are a lot of stories i have heard about people who do not believe it when it comes. >> people want to know about players such as bobby bonds.
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>> those are tough decisions for these people. some writers have elected to not vote for anyone. has been everyone affected by it. my personal opinion is that is a bit unfair. we had one player this year who was two votes short. very he had at 74.8%. we need 75%. as a total number of two people, and there were several who decided not to vote at all, had voted for him, he would be in. that is, you know, you play the game and do your best job and you should be recognized for that. when it gets back to these issues, and you know i have a background with the u.s. olympic goodttee, it is never a thing for anyone. the question is always, how performance is affected by someone using these drugs and
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other things. is a continual battle. i leave it up to the writers right now to make that decision. >> an interesting note about the winners. none of them were ever linked to steroid use. it's --. . that is been a stern message. if that had not been the case, could piazza gandhian? -- gotten in? went public with the rumors because i did not have a shred of evidence. i also heard rumors about frank thomas. i did not have evidence either. if we will just go by "i think ," that is not a good case. i looked him in the eye after his name was mentioned. one of my great low lights. the one issue you have to say with regards to clemens is this is a guy put on trial for perjury and was acquitted. >> he is guilty until proved
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innocent, am i right? >>) to show you how that would compare, i have been a big proponent of mark mcgwire up until he went on television and admitted to it erie it is numbers went down after he admitted this publicly. clemens has been static. >> should a-rod be in the hall of fame? >> no. he has admittedly done steroids. a difference between admitting and hearsay. mike piazza has never been connected to steroids except for rumor. a-rod admitted it in 2003. >> what is your take on all of this? >> it would be difficult for me to vote anybody tied to steroids into the hall of fame. the irony is some of these players, barry bonds was a two- time m.v.p. before he bulked up. >> the fact was, if you cheated the game, you cheated the game. the difference with area bonds is this is a guy put on trial for saying he never knowingly did their rights. he was again a quitted. i am not
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naïve. barry bonds did steroids. the question is, if we assume we know everything there is a know about barry bonds, how can we make why consumptions? >> you can watch the full interview online at bloomberg.com/tv. is about to lose its chemical weapons. we will show you how after the break. plus, the multipurpose veggie. it keeps you from slipping on the ice, i kid you not. ♪ >> it is 26 after the hour. let's get you caught up on the markets. i want to start with oil.
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we had a headline that said west texas crews touched is a lowest level in seven months. down by six percent to seven percent. let's show you what is happening to the equity benchmark industries. you can see all the major industries are moving lower right now. the s&p and nasdaq are down. 3/10 of one percent. we also are seeing retail shares on the move today. let's start with that bath and beyond. shares fell, following the most since june 2012. the company is reporting income that fell short of analyst estimates. they slashed earnings outlook for the fiscal year. we are seeing macy's shares to a new all-time high. the chain reported strong holiday season sales. the prophet was ahead of analyst estimate. planso announced a savings that includes cutting about 2500 jobs and closing five stores. we will be back again in 30
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>> we are streaming live on bloomberg.com, your tablet, and your smart phone. i am adam johnson. today's moving pictures. the people have spoken. they have voted for their favorite emmert -- entertainers at the 2000 14 people's choice awards. sandra bullock cleaned up, taking home four words. justin timberlake dominated the music side. he won three. ellen degenerates was the most popular daytime tv host. she nabbed working people's choice awards. chris christie fired a top aide for allegedly lying to him about
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the traffic jam at the george washington bridge. offired his deputy chief staff after she apparently failed to disclose evidence of her involvement. >> i am embarrassed and humiliated. by the conduct of some of the people on my team. mind is no doubt in my that the conduct they exhibited is it -- is completely unacceptable and showed a lack of respect for their appropriate role of government. >> creating the traffic jam in new jersey was seen as political payback to the town's mayor for not endorsing chris christie in his reelection campaign last fall. janet yellen finally makes the cover of "time" magazine in her only interview since being confirmed as chairman of the federal reserve. confident the economy will grow possibly by as much as three percent. getting more people back to work.
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mario draghi is standing firm on his accommodative monetary policy. the ecb kept its key rate at a record low of one quarter of one percent. the euro dropped after mario draghi's comments. syria has finally begun to move its most deadly chemical weapons out of the country after a one- week away. the first shipment left the country tuesday and the u.s. now have to destroy them. >> this floating hunk of steel is where weapons of mass destruction go-to guy. meet the cape ray. of itssion is the first kind, destroy syria's deadly chemical weapons at sea. is outfitted with two hydrolysis systems designed for last year for field use, not for the high seas. will neutralize 700 metric tons of deadly weapons, like must good -- mustard gas.
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boardg the chemicals on will take several steps. russian trucks will transport weapons to a syrian port. then norwegian and danish ships will deliver them to the sea, a transfer that would take two days. the biggest danger might not be the toxic chemical weapons, but mother nature. >> if the cities become unmanageable, we have to shut down production. inhe currently sits docked portsmouth, virginia, waiting to be deployed. adam johnson, bloomberg. upin germany, the company is -- is prepared -- the united nations security council has set a june 30 deadline to handle all of syria's chemical weapons. drivers,limits. we will go behind the wheel of a 300 dollars sports car and will show you how to take it to the limit next.
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ther, you cannot remember wine you had a few weeks back gekko do not worry. there is an app for that. you can stay connected with your favorite brands. heading to the beach, some australians are heading to an inflatable made. we're are talking about the city opera house and the architects of air that built a giant maze. cool stuff. ♪
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consecutive year in 2013. ryan spoke with a ceo. enjoy this. globally,d to be properly balanced. you never see gloom and all countries worldwide in this session. >> germany did ok. >> really good, i must say. >> is that because it is no longer around? you are competing with emily. >> we are not competing with anybody. we are in a segment far beyond -- bentley operates. we are much cheaper. >> you get driven in a rolls- royce. you drive a bentley. >> the main thing with rolls- royce is you are driving and something really rare and highly a elusive. .t is unique >> your biggest markets are the united states and china. how big can china bid? >> we have seen last year growth and china, 11%, which was
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excellent. >> that is how many cars? >> a quarter of our worldwide sales come out of the chinese market. that is the same level the united states is. immediately, so there are three main strong pillars in our business, including luxury. >> china could be much bigger? slowdown? >> we are always building one car less than we could sell. let's wait and what happens. is theinteresting thing race, how it has been doing. you introduced it in the spring. he started delivering at the end of the year. how are sales going echoplex excellent. we have sold out in june of this year already. it is fantastic. brought us a lot of new
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customers we've never seen before. very much younger customers who love sports cars in other lives. is excellent. also, it opens up a new segment for us. >> let talk about the fandom for a second. this starts out half $1 million. expensive carost you sold last year? >> far over $1 million. you may even have seen that. it was built for a customer in asia. markets.nnot in order everyone is building an suv. rolls-royce is. >> we are looking into that. it has been stable in times of economic downturn. is excellent and insulates you completely. you do not feel anything. suv and rolls-royce would be
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different from the suvs out there. >> that is the big question for us. exactly. we are looking into it in a way that does not fit the brand. sport and utility. for that reason, we need to find a way, if we are going to do it, that it fits in a brand a proper way. how would a car like that look? this is the process we are in. >> for the first time ever, for arias bringing a two-day driving school to the u.s.. it is awesome, that is what it is like. arias exciting looking. you get the sound, the handling, but it is even more exciting to drive it. today, we are at the circuit of americas in austin, texas. we are doing for ari driving with 18 for ari owners here to appreciate their cars.
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♪ the idea of the for ari driving experience is for people to have fun and learn something more about their car at the same time. the cars are engineered at high levels and driven to this will on the road. we started to teach people how to fit time the real -- we'll. wheel. shift andhem how to downshift and break. we have 15 cars. we are driving the for ari, the and if you are driving a for ari, you want to go fast. we will probably reach 145 on the straight line. we teach someone to go well before fast. we have clients who come five or six times.
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when people leave here, the main thing is a greater appreciation for the brand. driving one of these for ari's on a track on a beautiful day, there is nothing better than that. >> let's say you are driving on ice. better bring the beat. an old artist is getting a new lease on life. reimagines. cool stuff. ♪
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>> this is "lunch money." i am adam johnson. the polar vortex brought record load temperatures too many people in the united states. ice, beacy to melt hes. -- beets. customers include the long island railroad. here it is b and its nation of whyeets beat salt. >> the residue everywhere. we came up with a product made .rom beets
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we found out it freezes at 55 below zero and has positive ions which protect steel and does not attack steel like chloride. acceleratest, it your assaults, which means when it is cold like today, faults do not work. they worked at 20 degrees and nothing below. you can accelerate with more chlorides, or our beet juice, a non-chlorate accelerator -- chloride accelerator. it or make it a liquid, and we spray it and it basically brings the freezing temperature down. you use less of it and it neutralizes corrosion in the salt. you still need chloride. it cuts the chloride down. >> you do not have to use what? the potassium -- potassium?
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are doing is cutting sodium out and adding more chloride. we do the exact opposite. it so youelerating will not need as much sodium, which is bad for your table and all of that. you can drink it. >> that is clever. chef contestant found a way to combine fast food with casual dining in his gluten-free restaurant. it explains -- he explains why the concept is necessary. >> the way people are eating nowadays is unhealthy. we decided to take the whole foodsof foods -- of whole and take that point and do organic food, really fresh and wholesome. >> seasonal, it has got to be in season? >> 100%. salad and things like that. all things people want to eat
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but they just do not know how to and cannot afford to. we brought it down to a more mass production. we are doing it at $14 check average ballpark. $12 to $14. we come in and get protein and a couple of sides. you are out and full by the time you leave. it is a great model. it is bringing restaurant quality food to the masses. it was always healthy when we were growing up. .er was no genetic modification there were no things being altered here and there. the food was pure. when we grew up, they did not talk about that because it was quality. in the 1970's, they started to toy with rings and started cross breed this and that and you created this whole genetically modified organism that are unhealthy. before you know it, the food source is back to where it is
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posted it, back to nature. there is an app called drink. as pressingsimple the camera button. please hold it. image, a photograph of the label. you can rate it. i love it. 3.5 stars. you can share it to facebook and twitter and click done. seconds, it is there. your phone is tracking your wine life now. we also have winemaker. winemaker notes. >> how does it differ from other wine apps? >> we are really focused on commerce. extent you are drinking wine and wish to share it with
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overall, you are having retailers help out. s&p capital iq investment policy committee raises its 12 month price forecast for s&p to 1940. none of that is giving a boost to stocks today. we are taking out the treasury market as well. the difference between a 10 year and a 30 year is near its narrowest in about three years. may help bond sales later on today. take a look at oils. talk about a mover of the day, hitting it lowest level in heaven months. asically, it seems like delayed reaction to yesterday positive inventory numbers, where we found building pushing 1.1 million barrels. 1/10 offalling by about one percent. that is after inventory. ready much depleted at the end of the year. there were a lot of drawdowns at the end of 2013. a reversal there. in terms of gold, checking out
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the gold market, it is higher today. we had bank of america lowering its gold forecast for the year by about 11%. also saying it may provide an interesting entry point. gold remus flatlined there. checking in on stock today, stocks surging after upgrading shares. it expects sales productivity to improve in early 2004 in. also, check out here one. my husband's favorite store. share is falling the most in september after september stores sales were well below, cutting its forecast for the fourth quarter. monthly sales years were in from retailers today, giving a sense of how the industry fared over the holiday season. olivia sterns has more on how that season shaped up. it seems good for us as shoppers and bad for the retailers.
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had the deckers stacked against them. it might not have been good for a because we had fewer days to shop. there were fewer days in between thanksgiving and christmas. six fewer days to shop. retailers. the other issue was extreme weather. there were snowstorms here in new york city. it really didn't bite. there were storms across the midwest and in the north wiest and accordingly, there was a in footfall, down 15%. it is hard to say how much of that is from the weather. unit -- you do not just want to blame it on the weather. either way, they really hurt. 2.7% would be the weakest level since 2009. ? wehat is the distinction heard positive news from macy's today. >> always in the higher end, it seems to be luxury retailers
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have more pricing power and are able to resist the trend to discounting, which you saw in the mass market. even if you see total stores for holidays rise, it is much weaker of a picture in reality because the discounts eat into margins. the discounts and promotional activity were severe and the deepest we have seen in many years. alot have said 60% off was baseline bargain for what they would buy. it. like i hope it continues the rest of the year. the retailers have to bring us but that hurts half it margins. thank you. we are on the markets again in 30 minutes. "bloomberg west" is next. ♪
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>> live from pier three in san francisco, welcome to the early edition of bloomberg "west." we cover media companies that are shaping the world. our focus is on innovation, technology and the future of business. is the taxman coming for bitcoin? the irs looking at how to tax the digital currency as a major gopping site joins
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