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tv   Lunch Money  Bloomberg  January 16, 2014 9:00pm-9:31pm EST

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♪ >> this is "taking stock" for thursday january 16, 2014. i'm pimm fox. focusing on the price of safety. one day before president obama's speech on the nsa, the company behind the lack phone. they claim it is safe from government eyes. the poultry industry fights back after our safety of eating chicken. the national chicken industry responds. we will show you the home that can survive a nuclear attack. all that and more over the next hour. but first, headlines from my radio cohost carol massar.
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>> intel forecasted first- quarter sales that may fall short of the estimates. revenue will be in the range of $12.3 billion and $13.3 billion. american express posted first- quarter profit matching analyst estimate and net income doubled to $1.3 billion. profit was one dollar 25 per share. the t-mobile ceo has announced they will be hosting their own concert with musician macklemore and ryan lewis after he was escorted out of a concert. it will be on january 23 with tickets open for purchase. plunging the most in more than nine years after the chinese government said they would investigate the maker of skin care and nutritional products following a chinese newspaper
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report that nuskin was a suspected illegal pyramid scheme. the ceo says that they are absolutely not a pyramid scheme and that's the quote. those are your headlines this hour. >> google, microsoft, facebook, those executives will be paying very close attention to president obama's remarks tomorrow at the justice department about the nsa. white house correspondent phil mattingly joins us. the technology community wish list. i'm trying to think of everything that the technology industry would like regarding the nsa, but how much of what they want will actually be in that speech? >> from what we know, it looks like it's going to be a bit of a mixed bag. facebook, apple, microsoft, they got together and enlisted a group of principles they wanted to consider to pursue during this process.
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they wanted a public advocate inside the fisa court, the secret surveillance court. looks like they will get that. they wanted less problems related to surveillance policy and it looks like they will comply with that as well, limiting how they spy on their allies. they will not get everything they want. they wanted major restrictions to the 215 program. our understanding is it will largely stay in place. some of what they want, some of what they don't want, and a little to be determined. see how much will get punted the congress. >> what about the major policy implications? there are other political issues at stake. for example, the president and his approval rating. >> that's exactly right. this is an incredibly complex policy issue. they are trying to thread the needle here. they clearly believe these programs in large part are effective and necessary.
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they need to make changes that basically pacify the anger in the privacy community, calm some of the lawmakers and their allies, but don't go too far in the intelligence community's opinion. that's what he will be trying to strike tomorrow, a balance. it will be very interesting to watch those lawmakers on the fence. they know changes need to be made but they don't know how far to go. whether they are ok with this feature they call for more action will determine how successful the obama administration considers this speech in the end. >> i know where will you will be -- i know where you will be, phil mattingly. the national security agency ability to conduct surveillance shuttered one of my next guest businesses. they are called silent circle. the company will be unveiling
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something called a black phone. chief executive and security expert, former u.s. navy seal, mike janke, joins us from washington, d.c. you heard what phil mattingly said about the potential of obama to speak at the justice department. will that close the issue? >> absolutely not. i expect you will get a little bit more tr sugar. it will probably be kicked over to the congress. at sulent circle, we view this as a worldwide surveillance issue. it's not necessarily in our view a u.s. issue. it's happening all over the world. whether there is a little bit of sugar in the speech, i don't think that will have much of an impact effectively around the world. >> tell us what kind of features will be in the black phone. >> it's the world's very first
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privacy-oriented high end smartphone, encrypted phone calls and contacts. a customized version of the android that lets you do everything you want to do. if you want to play angry birds, you can just do it in a more protected environment. just like the iphone 5s or the galaxie and it's cheaper. >> mike janke, when you called phil zimmerman in november 2011, did you think that you would be making now a black phone? >> i don't think we did. at silent circle, we are the world secure communications provider. >> talk about pretty good privacy and privacy for skype conversations. >> absolutely.
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the three founders, myself, phil zimmerman internet hall of fame creator of pgp and the creator of apple's whole disk encryption, we are a service that we never expected that we would grow this fast and be this popular around the world. we always had the mind to do secure telephony but we could not trust any other phone makers out there. ourselves and a small innovative shop out of europe got together and created the first high end privacy phone. >> you also put together an e- mail system that was supposed to be private. what did you do with it? >> that's a great story. we had an encrypted e-mail service in addition to the other services we have but we ended up with customers literarily and
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six months from 120 countries, governments room 11 countries, 26 of the fortune 50 so we knew we were sitting on literally a gold mine of data. when the nsa revelations came out emma we could not hold it so we scorched the to the years. all of their other products are peer to peer encrypted but e- mail is fundamentally broken so we made a conscious decision to put profits aside and we scorched earth. >> mike janke, how do you respond to people who look at privacy and the governments right to know and say the government is doing the right thing? how do you respond? >> i think privacy is a natural right of every law-abiding citizen around the world. what happens when you have moore's law of technology,
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surveillance capability, there are 74 robust nsa-type agencies around the world. what happens if the next administration has the sensibilities of a dictator instead of thomas jefferson? they have omnipotent control surveillance mechanism that can control societies. it's a worldwide conversation about balance between industrial espionage, privacy rights, and the government's need to protect itself. we are nowhere near that. it is heavily weighted on the surveillance side and it needs to come down to give citizens some level of privacy. >> mike janke, can people already purchase the black phone device? >> february 24 when we unveil it at the mobile world congress in barcelona. >> i want to thank you very much, mike janke, chief executive of silent circle joining us from d.c.
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we investigated some of the dangers in the poultry industry and today they're fighting back from negative claims from consumer reports. more details on "taking stock." ♪ >> chicken plays a major role
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in the american diet. yesterday, we posed the question, how safe is it to eat? the campaign director shared some of the results. >> we found about 14%. of all samples had salmonella. every six or seven times you have chicken you will find a salmonella. worse than that, about every piece of chicken you have will have something in it to make you sick. >> today, the chicken industry
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is here to respond. tom joins us from washington, d.c. i would just like to give you an opportunity to respond. >> thanks for having me on. i appreciate it. u.s. chicken producers take the safety of our customers as a top priority. we treat it as the top priority. not only as i said, bad business sense but our families eat the same chicken as you and yours. we want to produce the safest, most wholesome chicken product and we do so on a global basis. >> the usda has a food inspection service whose job it is to track illness that may be food related. one of them, salmonella, has been a persistent issue in the
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united states. salmonella rates have not declined for two decades. is it that the regulations need changing? is it the consumer or the industry? >> americans on average eat about 160 million servings of chicken every single day on this country. and 99.99% is done safely every single time. we want that to be 100% which is why we rely on the best science, technology, microbiology possible in order to reduce foodborne pathogens as much as possible. we spent tens of millions of dollars in food safety research every year. the numbers say we are making progress. salmonella is down over the last
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five years and foodborne illness outbreaks are down 40% over the last 10 years. >> there is a salmonella action plan put together by the usda and the fsis. there have been some critics of the plan that say they focus too much on the nonhuman indicated pathogens from salmonella. they focus on generic salmonella incidence. does the regulation need to change? is it something to focus the industry more intensely on the things that actually make people sick? >> there is no legislation out there that will magically make salmonella disappear or any bacteria, for that matter. it's a naturally occurring organism. what will make it disappear is to break it at every point in production. one thing we agree with consumer
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reports on is we need the consumers to be partners and to be the final step in the kitchen when they are preparing chicken. they are the final kill step. we do everything possible to reduce it as much as possible before it leaves the plant. really, the home cook is the final step. there are three things to remember when cooking chicken at home. one, do not cross contaminate. use a separate cutting board and separate knifes. wash your hands before and after. cook your chicken to 165 degrees. i'm a dad. i cook using those steps. it's important to do it every single time. i have not been in a level three biohazard lab recently, but i
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think they are much less stringent than those labs. >> thank you very much, tom suber, from the national chicken council from washington, d.c. "american hustle" getting 10 oscar nominations. holiday secrets to cashing in and earning accolades and awards during the academy season. that's next. ♪
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>> the 2014 oscar nominees have been announced. "philomena" has been nominated for four. recently, i spoke to steve coogan. >> it was a moving story and i wanted to tell it as a film.
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that was about four years ago and here we are today. it is done and dusted. it seems to be getting positive attention. >> did you always want to play the role of the investigating journalist? >> not at first. i just wanted to produce it and get the film made. i toyed with the idea of directing early on. when judi dench got on board i got cold feet because i did not want to be pushing around a dame and tell her what to do. i would leave that to something more seasoned. martin is a real journalist. i was putting a lot of myself into it. it was a hybrid of martin and myself. therefore, i felt someone could play this part, i can. i knew if this film is not being
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produced by amy then i would be way down the casting list. i figured, how producing it and i will get the best part to myself as an early christmas present. >> steve coogan. joining me now to talk about all of the buzz is paul dergarabedian, senior media analyst with rentrak. it's a pleasure to have you with us, paul, joining us from los angeles. give us the rundown. 10 oscar nominations for "american hustle" and also for who else? tell us. >> when you look at these nine best picture nominees, "american hustle," "dallas buyers club," "her." they made a quarter of a billion dollars in north america. these are all so deserving. "philomena" as well.
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"captain phillips." this year, i had a hard time leaving films out. usually you try to fill up 8, 9, 10 slots with the best actor nominee. in 2013, we had so many great films and a lot of these can capitalize on being reinvigorated to the marketplace with all of the oscar attention. it can help the box office. >> take a look at the box office receipts. who's doing the best in the nominees? >> "gravity" clearly is leading the charge on a box office side. certainly "american hustle" just crossed $100 million. then we have "her" that's only made $10 million to date and a lot of movie still have a lot of room and gas left in the box
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office tank. for those movies, this can be a boom. certainly, "dallas buyers club" getting a lot of attention. there are so many out there. i love "wolf of wall street," "american hustle." you have every type of movie in the mix. "wolf of wall street" is almost three hours long and closing in on $100 million box office of that's also a winner in terms of revenue generating at the theater level. basically, what oscars do is raise your profile as far as movies go. also for people who are on the fence about what movie they want to see, if they hear a movie is nominated for best actor or has a lot of acting nominations, that may be the person gets people into the theater to see some of these films. some of them have been in the
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theaters since october but others can definitely capitalize. >> paul, are there any actors or actresses who need to win an oscar to keep their careers alive? >> any actor would love to get nominated. even just the mere nomination boosts your career. certainly, matthew mcconaughey has been working like crazy on a new hbo series. he's been doing a lot of film work. chiwel ejiofor gave a great performance in "12 years a slave." this best actress category is heating up like crazy. amy adams, really the center of "american hustle." and cate blanchett in "blue jasmine." david o. russell did a great job, and woody allen is great
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for writing roles to get in the nominated. >> we've got to cut. paul dergarabedian, senior media analyst on rentrak. ♪
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>> this is "taking stock" on bloomberg. i'm pimm fox. for today's headlines, l

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