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tv   Street Signs  CNBC  February 3, 2012 2:00pm-3:00pm EST

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appleton. >> we should note -- jon, thank you. we should note that the stock is halted. the nasdaq is up sharply today, but the stock was halted before that news. >> and we'll have more coverage of this event and all the market news for the rest of the day on "street signs," which begins right now. we have some breaking news this hour and also very tragic news. the chief executive officer of micron technology, steve appleton, has passed away in a plane crash. the accident occurring in boise, idaho, where micron is headquart headquartered. more on this breaking news again with jon fortt. what more do we know right now? >> we know he leaves behind a wife, children, his entire family. and it is a tragedy. the plane crashed at the boise airport. it was an experimental aircraft. it was not his first plane crash. this was a man who knew how to take risk in business as well as in life.
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in the quote i just read he said years ago "if i die tomorrow, i've got no regrets. i've done more than many have." he was a popular executive with his employees. operating in a tough market, which he is used to. the company expects to provide even more information later today. also, it just so happens that the chief operating officer of micron announced he was retiring a couple weeks ago. questions about what will happen successionwise at micron. but the more important concern now is that the company has lost an executive. that family has lost a husband and father. of course, our hearts go out to the family, the company and its employees right now. >> jon fortt, thank you very much. micron has issued a statement. i know you've hit it already but it's worth revisiting. they talk briefly about his passion, what jon was referring to taking risk flying planes and
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micron saying steve's passion and energy left an indelible mark on micron, idaho community and the technology industry at large. the company plans to provide more information later today. hearts out to his wife, children and family during this time. micron expected to provide some more information later on today. obviously, micron, herb, like most major corporations, should have and really is legally required to have a succession plan in place. >> yeah. i just want to say that this company has been such a stall word in tech all the way through. it's been the survivor. had its ups and downs, but mr. appleton certainly led this thing through it all and was really a pioneer leader in this industry. >> absolutely. well, at this stage the stock is halted. but let's bring in bet si van hess who covers micron technolo technology. she joins us from wedbush. our hearts go out to the family of mr. appleton, so we don't want to undercut that tragedy.
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but talking about the stock for a second, what do you think the impact will be once it starts trading again? >> yes. this is just horrible news. very saddened by the loss. he was a tremendous leader, tremendous pioneer in the space. he's done an amazing job at micron. and he will be significantly missed by his co-workers. [ technical difficulties ] >> we apologize. we have lost her. we'll try to get her back. in the meantime, why don't we get down to the trading floors and get some reaction down there. we have bob pisani standing by. we'll get to rick as well. bob, what's your reaction? i'm sure you've spoken to some of the traders down there as well whach well. what are they saying about this? >> he was quite a legend in the business. it's certainly true that in a sense micron always had competitive difficulties against major players out there including some of the big names like intel out there. but it was always a very
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well-respected company. unfortunately the stock trades in the other room what we call the garage, so i can't see it from here. i've been standing in front of the camera. it has been halted for a while. there was a small group there came down the stairs. i don't believe it started trading as of yet, but i want to go over there and see if i can talk to some of the traders. see if we have any indications of when it might open again. >> all right, bob, thank you very much. let's talk more about the company and its leadership. here, again, we're not sure who will take over for steven appleton, but let's assume in the short-term guys it's probably to be mark. i'm looking up information on him on capital iq right now. the chief operating officer of micron, he's the president of micron technology. and he has been there a long time. he joined the company back in 1984. he has risen through the ranks. so if mark dirken is promoted on a full-time basis as ceo, he's clearly somebody who knows the company, herb, inside and out. he's been there a long, long time. nearly 30 years. we don't know if he is going to
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be elevated to the ceo position, but he's been there a long time. he's the current president, current chief operating officer. so micron with a solid leadership community. i believe jon fortt -- jon, you there? >> i'll just note that the company announced a couple weeks ago that mark dirken would be retiring at the end of august. >> there you go. >> we don't know why that is exactly. i'm trying to look at this release quickly and see if they noted a reason. i don't believe they did. they said he is retiring and not leaving for another position. we'll have to see if he can be convinced to stay under the circumstances. but, you know, there is a bit uncertainty about what the company will do now. of course that is a secondary consideration. there's been a loss of life at this point. but we'll wait to hear from the company about exactly what they will do after losing a leader who had been in this position for such a long time. >> betsy, we have you back. apologies for the technical difficulty a moment ago. of course we're talking about the tragedy and what kind of impact that might be on the
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company. we've also been talking about the possible leadership transition. have you got any idea on who might be able to take mr. appleton's place? >> yes, sorry about that. definitely a tragedy. i think that although mark has enough that he's stepping down to retire, it could be possible that given this very tragic circumstance that he could stay on. and while investors will be concerned about the health of micron, they have a very deep and well-seated organization that has been in place for a very, very long time underneath mr. appleton. so while this is just a horrible tragedy for the micron employees and for obviously steve's family. >> uh-huh. >> the company will definitely be able to survive this given that his vision has been well implanted within the organization. >> very quickly, let's assume that mr. dirken can be compel today stay for a couple more months. obviously you noted these are extraordinary circumstances. he's not leaving to take another
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job, according to jon fortt. what can you tell us about mark or ron foster who i guess is number three in micron? and again somebody whose name we might bring up. >> mark is a phenomenal technologi technologist. the things he's brought to micron in terms of the technology has just been amazing. so i think that he would be able to continue on, you know, being the chief technologist that he's been. >> uh-huh. >> to move forward with the vision. and ron foster has been there as well. i would be surprised at this point in time if mark dirken didn't stay on in the near-term and maybe, you know, for the foreseeable future. >> thank you very much for your comments. let's get back to the broader market and what is happening, obviously, after the unambiguously good market news this morning from the jobs, we've got a good rally going on here. let's bring in mark and keith. mark, to you first of all, good
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jobs report. people are now saying that qe-3 is less likely. so beyond today, is this going to be negative or a positive for the stock market? >> well, i think to the extent that we can continue to grow organically without the influence of the federal reserve's extending further monetary accommodation, that's good news. obviously, we've had a terrific start to 2012. so this sheer pace that many market is on right now is not likely sustainable. in fact, i would welcome a healthy pullback in here just to allow investors to regroup. the fact of the matter is the underpinnings for equity prices continue to show gradual improvement, not just domestically but even to some degree on a global basis. and the consequence i think higher share prices are likely to come. >> keith, you noted in your morning note that you felt the s&p would be overbought at 1343. i'm looking at the s&p 500, it's at 1343, do you expect a short-term pullback? >> yeah, i definitely do. so if you look at what's going on right now, we call it immediate term trade overbought. and really this is a lot like i
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think turning into an april potentially of last year when you really saw inflation start to be what the markets rallying on. so, you know, we're long inflation. we're long energy. but we just shorted the s&p 500 again today. and the real reason is that we're, you know, inflation we think slows growth. so, again, inflation can infect growth, it can get people upset. it can get people really in the place where they were coming in april where all of a sudden the high frequency data points slow and we'll be looking back i think on this january employment data for what it is which is a lagging indicator. >> indeed. we were up 25% on the s&p since the october lows. i noticed something interest in the market today that is that the u.s. dollar is gaining. instead of being a risk aversion play, now dollar gaining with a stronger economy and stronger stock market, can that continue to correlate? >> i think it can. i think it means assets are flowing to the united states. one, because we have an economy
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that on a global basis is actually growing much unlike obviously what's happening in europe. and we know the slowdown that's occurring in china. so i think we're the benefactor of that in terms of funds finding its way into the dollar and u.s. equity prices. i think what's also a healthy sign today, though, is a selloff that's occurring in the bond market. were the bond market to have stayed stable, i would have thought that this meant largely a head fake rally. the fact we have a risk-off trade underway where treasuries are selling off and equities rising is indicative of animal spirits being rekindled and as a consequence warming appetite to risk assets not just here in the united states but on a global basis. >> guys, we have to leave it a little short there obviously because of the micron news at the top. we'll have you both back on very soon. thank you guys both, have a good weekend. >> you too. >> thanks, guys. >> coming up in the second quarter of the show, big ben says he's not budging on interest rates any time soon, but today's jobs number says things are better than we thought. is the fed going to get it
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wrong? >> also the nasdaq is at a decade high and it's the old titans leading the charge. why is the big safe tech coming back? >> first, take a look at some of the advancers and decliners. mandy said, pretty broad based rally unambiguously strong today. 223 for advancers. good day for the nasdaq. the ceo of micron killed in a private plane crash this morning. we'll have more on that developing story as well.
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well, the hopium is back here in america, things are still frozen in europe. literally. eastern europe having its worst cold snap in decades. it's transformed a seaside in ukraine to an icy landscape. just how cold is it? 4 below zero. >> back here, back at here, that didn't make any sense. things are heating up back at here at home. great ism number. why is the fed seemingly so pessimistic? what is ben and the gang seeing that we all aren't? bring in steve liesman and peter cnbc contributor, two screw ups in one intro. the under/over is 2.5. whoever bet the under is still in the money. steve liesman, ask you first, late 2014 but yet all this
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positive data? to me it's got to be some inflationary spiral fear causing the nervousness. what do you think? >> i think they've missed a little bit of the change that happened at the end of the quarter. i don't think they're particularly exercised about getting this wrong. and i'll tell you -- >> there's nothing at stake. >> first of all -- >> there's nothing at stake. >> i have a dollar with a guy out in the market for every time herb shakes his head either way. goes back and forth. i'm like going 50 bucks already. i don't think bernanke minds getting it wrong. this way he's actually been trying to get it wrong this way. >> why? >> he ultimately wants to have a problem with inflation. that's what he wants. he wants to have a problem with growth being too strong because he knows how to handle that. he's been conducting policy in a way that -- >> so you're telling me -- >> -- afraid of the -- >> what you're telling me is that what he said the other day about interest rates low until 2014 was sort of like a hoax?
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he didn't really mean it? >> it's a bit of a hoax and bit not of a hoax. it's their best forecast, but they hope that by making that forecast that they get that forecast wrong. >> it's an insurance policy against possible -- >> here's the other thing. i think he's going to think and interested in peter's idea on this that they have a lot of room to get it wrong. 12.7 million americans still unemployed. the the broader gauge of unemployment still at 15%. >> let's bring in the guest. we wanted to set you up and listen to this stuff and bring you in. couple questions here. does it matter what we're talking about because the market 100% chance the fed funds going up 2013? that's the futures contract now mr. market who i'll take every time says rates are going up before 2014. what's the lesser of the two evils here? being right on the inflationary or right on the deflationary side? >> well, to your first point, the market's going to start tightening well before the fed gets around to it. so i think that's going to be
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clear. i think if ben gets it wrong, that's going to be par for the course because to me the fed's gotten it wrong for ten years in their forecast. on the one hand we have to pay attention to their forecast because they're basing policy on it. but on the other hand it's worth not to listen to them. this whole discussion to me is just scary to me because the fed has price-fixed the cost of money as best as they can. and it's gone terribly awry. so the thought they are somehow going to readjust it in a proper way in a timely fashion, i think is going to be impossible. and while we may be experiencing an economic uptick, at some point -- and obviously who knows when, interest rates are going to adjust. and it's going to alter this entire economic outlook. >> i agree completely with peter. the question becomes the speed of that adjustment. what i was saying was bernanke wants to have this problem, but he doesn't want to have it too fast. if he's got a problem of growth being too fast or unemployment coming down, he doesn't want to have to put the brakes on. i don't think he minds, peter, a
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withdrawal of stimulus and earlier point in time. he doesn't want to do it quickly. >> what are the consequences of the fed being undermined like this? >> it's interesting. depends on how you answer the question herb kind of posed. is it a hoax? i think people are more or less on board that it's the best forecast that's out there, but it's kind of a pledge, kind of not. there's no doubt -- >> new word. hoaxium. >> our new word. >> along with eurosis. >> that's a question i would throw at peter. do you feel the market will feel betrayed by bernanke if he has to reverse course here? >> i think the market knows giving us a 2013-2014 forecast is really not worth the paper it's written on because market participants have no idea what's going to happen in six months. >> does the market really know that, peter? they seem to take a flier with him when i saw what happened for example to the 2-year note, they
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seemed to be on board with what he was forecasting. >> well, because the fed can directly manipulate short-term rates. so what he wants is what he'll get in the short end. >> right. >> so if he says the short end's going to stay low for that period of time, that's what he wants. [ overlapping speakers ] >> let's leave it on an actionable basis. buy tips for ten years and do nothing else, peter? >> well, yes. >> that's it, right? tips. buying protected securities, boom. >> the investment strategy is to play self-defense against ben bernanke. as steve said, he wants inflation and he's going to get it. he's going to get a further decline in the value of the dollar. and people need to protect themselves against that. >> be careful what you wish for. peter and steve, thank you. >> gold near a record high. >> indeed. still ahead on "street signs," blackberry chastity belts, you heard me right. we're going to explain that. >> i want to hear that story. and could innocent sleeping babies be crushing sony? jon fortt's very unique spin on what's killing the company because it's not muffler.
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a lot of stocks are up. retailers raking it in today. coach and tjx, macy's at a 5-year high. urban outfitters popping on leadership changes just among many names soaring today. >> and a big weekend in store for target. the retailer ready to launch a new collection by famous designer jason woo. the collection includes clothes, handbags and scarves. hit the big-time after dressing first lady, michelle obama. the 53-piece collection hits stores on sunday. target's last big launch was so popular it crashed the company's website. target is better prepared, however, this time around. >> what target is doing is sort of bringing the boutique experience to -- back into america which i think is really special. and, you know, with the new store concepts they're doing with what they're doing with me, i think they're really bringing a fantastic experience to all of
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america to people that may not otherwise be able to experience it. >> well, prices range from $19.99 to $59.99. the limited edition collection will be on sale until march 6. target shares today up just about .6% but about 3% year-to-date. all right. check out sony. stock rebounding after getting gored yesterday on news of better than expected annual loss. but the incoming ceo made a pretty good first impression on the conference call. nobody doubts he has a huge challenge ahead of him. what does he need to do right now to stop the sony bleeding which has been going on for about, a decade. jon fortt here now to give him some advice. jon. >> tvs are the main issue with the losses. what is this? i would argue that this is symbolic of the bigger picture. they make baby monitors. what are they doing making baby monitors? you know what else they make? take a look. all this stuff. now, when steve jobs came back
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to right size apple in the late '90s, he had a different take on things. we're going to get to that. ceo now is known for the playstation business and for having a big picture how does everything work together look at sony. so let's get to that apple picture. this is what steve jobs did when he came back. he said, look, we're going to simplify. these are the products we're going to do. i swapped in the modern versions of those products here. so what should sony do? get rid of much of this stuff. not because all of it's bad. some of them are pretty good products. some of them are actually profitable, but they dilute the brand and of talented marketers. so what's important? tvs. they need to simplify their tv line. maybe make six, cheap, medium, expensive, high-end, low-end and different sizes. and phones represent the things they really need to focus on which is software.
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they move so many of their talented software people to the gaming business, the electronics business is starved for talent. centralize that and maybe you've got a more exciting path forward. >> yeah. the problem is here, if you just put your eggs in one basket -- let's say for example we're looking at tvs. the margins are getting smaller and smaller, prices are getting cut and cut. panasonic's ceo said today at the core of our latest restructure was to make tv profitable. panason panasonic's tv may one day be a case study of recovery. really? tvs? isn't this diversify kags and other products, what's going to keep them afloat? >> believe it or not this is similar to the pc industry where they have been facing razor thin margins about ten years ago. who succeeded in getting out of that? apple. because of software and services. they're able to do that with the mac. if sony can focus on software in the right way and simplify their line. you can't spread software across 53 different models. maybe thif a shot. sony so tied up in tvs, they
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can't abandon them altogether. >> two quick points. i'm not 100% sure samsung makes more things and the yen. isn't that the biggest problem? it's the yen. >> the reason why -- >> it's more of the japanese yen, which is a perennial problem. >> it's going to be up and down. the reason samsung can play that game because they're the manufacturer of so many key components. >> not vertically integrated. >> exactly. sony will never have that advantage. >> i thought they had that. >> they've given up so much they're not the biggest lcd maker, nonnot the biggest memory maker. >> they're doing it tough. see if they can recover. thank you very much, jon fortt. >> coming up, we're going to tell you why you should remember the titans, the tech titans. >> and you won't want to miss the sexy and destructive side of the super bowl.
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>> but first, did you know that since last year we started talking about hopium really in the summer, so we'll call it august 1st. i think we hit it before that, but you get the point. consumer confidence has jumped nearly 16 points. "street signs" back in a moment. americans are always ready to work hard for a better future. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪
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welcome back to "street signs" everybody. it is street talk time. here are some headlines this friday. well, the hopium is back here on wall street. the market surging on the better than expected jobs report and also the manufacturing data. the dow up about 150 points on the day. for the year though up better than 5%. also, president obama touting today's jobs numbers saying we've added 3.7 million jobs to the economy in just 23 months. the president was very quick to note that there are far too many americans, however, without a job still. and keep an eye on the nasdaq, guys. it's on an incredible tear closing in on highest levels since december 2000. just to put that into perspective, back then the back street boys dropped their black and blue album. the name of the song, the calm. the supreme court stopped ballots in florida and george w.
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bush wins the election. and also remember the movie "remember the titans" that hit the big screen as well. and, guys, you know, apple stock now above $400. guess what it was in december 2000? $8. man, i wish i bought it back then. >> yes, don't we all. >> aren't you a business journalist? we're not allowed to own stocks. >> very true. >> the same thing. can't own any stocks. >> it sounded good. >> otherwise i definitely would have not bought it. the old tech titans like apple, microsoft -- apple's an old tech titan, oracle making out big on this. is big tech back? looks like it. let's bring in matt. what say you? is boring old oracle sexy again? >> i think it certainly is. we have a facebook feel-good rally right now. facebook's the tide lifting all these boats here. microsoft over 30 for the first time in two years.
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we have intel rallying, apple at all-time highs. ibm up at all-time highs. oracle is a boring old stock but going to make you some money here in the short-term. investors are focused on tech, so why not ride the tide? >> really? would you buy these techs on the back of facebook? this is a feel-good rally on the back of facebook? >> absolutely. that's all people is talking about. greece is in our rearview mirror believe it or not. jobs number added fuel to the fire. people can focus on the tech sector and really buy it right now. it's not just the large caps. small and mid caps are up over 12% this year too. there's value everywhere and people are buying into it aggressively. >> matt, thank you very much. do appreciate your time. we're a little squeezed today. get you on again soon. take care. >> from big tech to new tech, netsuite soaring. could this cloud company be an up and coming titan? joining us now the ceo. zach, i was looking at your numbers. incredible. the quarterly numbers, 2011
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numbers, amazing growth. huge, big gains. do you think you can keep that kind of momentum going? >> well, we certainly hope so. you know, the rush to this cloud computing trend is happening across the business sector. and we're a huge beneficiary of that trend. >> okay. so 2011 operating cash flow up 99% over 2010. you reckon you can keep ongoing at that kind of speed? >> we're looking at 50% cash flow growth in 2012. looking at growing the top line between 25% and 27% while continuing to grow the bottom line. also investing enormously in our company. we're going to add about 500 employees this year. it's good to see some of that top line growth fall to the bottom line, but more importantly focusing on growing the top line with more sales and development hires. >> i'm trying to find a hole in these numbers. i've been going through looking at analyst number. basically every analyst out there very positive. i guess the only sort of semi-thing i can find is that a large part of your beat was that you're going upmarket, right?
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average selling prices for your suites are going up. is that going to be able to continue? do you reach a point where the customer simply will not accept any type of a higher selling price? >> it's pretty amazing. our average selling price gone up enormously over the last decade. when i joined average selling price was something like $100 per year. and today it's over $40,000 per year. the value we're bringing to customers both small, medium and large is increasing. even with the higher average selling prices, we're massively reducing the cost. and what they're spending on managing their infrastructure. so even today it's a very well-priced product for the value we're delivering and productivity enhancement we're giving to these customers. >> i have to ask you i know youf serious backing by oracle's larry olson, but nonetheless there are a lot of cloud companies out there. a lot of start-ups in the cloud as well. do you see consolidation? and are you going to be part of that? >> there aren't that many public cloud companies if you look at what's happened. a couple vanished this year through acquisitions and
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certainly as a public company we'd have to be open to any sort of offers. but we've always built the company to be the next great software company. having larry as an early investor and a current sha shareholder has been a big part of that philosophy. the great thing is we focus on building a global brand and helping our customers be successful. >> your growth is spectacular. more users, more people, you're hiring and growing. is this a new market that literally is organically creating itself? or -- cause it's either that or you're putting somebody else out of business. >> yes. all of this is organic growth. we haven't done any acquisitions in the last year. there are a couple things happening in the mid-market the products that mid-size companies are using to run their operations are ancient. things like microsoft great plains that were written before the browser was released. these are old products. we are taking microsoft to the wood shed. we did that all last year. at the very high end of the marketplace, customers are tired of writing the $10 million for
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s.a.p. and it barely functioning. so we're being pulled up into that segment of the market and delivering incredible value there to companies like groupon and others. >> thank you very much for coming on and telling us the story about netsuite. >> thanks for having me. >> back to the micron technology news. if you just are joining us, you heard the ceo of micron technology was indeed killed in boise, idaho. the ntsb is on the scene. they're going to hold a briefing on the crash at 4:00 p.m. eastern time today. and that is a look at the airport in boise where steven appleton was killed this morning in a single plane crash. >> here's a first look at images there and also the stock is still halted at this stage. >> all right. up next, the guy who started it all, the super bowl victory bath, a quarter century later. >> plus the clock is ticking our super bowl of stocks. herb and cramer will take the field, a rivalry like no other. clash of green mountain rack space and much more no doubt.
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>> and as we go to break, did you know that since the end of july the s&p home building index is up 24%? if you didn't, now you know. >> that's a little hopium there.
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super bowl sunday. lots of wings, chips, beer, burger, steaks, hot dogs. don't forget the booze. shares of brown forman also a big winner. up more than 5% this week, jim beam, makers mark and canadian club among other big brands. >> look at the staggering super bowl stats. estimates employers lost $1 billion in wasted work during the week leading up to last year's super bowl weekend. of course people yakking around, just yakking around talking about the game. the firm estimated that american employers lost $205 million for every ten minutes the employees spent talking about the super bowl of course instead of working.
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that doesn't even count everyone who actually calls in sick the day after the big game. excuse me. we've got the big game covered. julia boorstin has a fun look at how people are watching the game this weekend. and darren rovell is soaking up all the excitement in indy. julia, why don't you kick it off for us. >> well, what's really different this year, mandy, is that people are watching both on the big screen and the small screen. now, they're not making a decision to watch either on their laptops or smartphones or on tv. these two screens are working together. about 60% of mobile users plan to use their phones during sunday's big game creating a multi-platform ad bonanza. for the first time nbc is streaming the actual game itself with different ads from tv. it's targeting core fans also watching on tv and who want extra angles and info. mobile app, sha sam, you may know for identifying songs is working with half of this year's bull advertisers including
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toyota and pepsi. viewers can tag ads using the sha zam app. marketers this year really want to engage customers throughout the game. not just during their 30-second spot. coke's facebook page will feature those famous polar bears reacting to the game in realtime while chevy has the first ever super bowl app called chevy's game time, which offers trivia for viewers to win cars and other prizes. and advertisers aren't waiting until sunday. half of super bowl ads are already on youtube and facebook. and marketers are already promoting their campaigns on twitter. cnbc's collective intellect super sunday ad tracker measures all of the buzz on facebook, twitter and blogs and realtime. right now the top five in terms of positive buzz are all automakers. led by honda's ferris bueler ad, then chevrolet and toyota.
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for more on collective intellect tracker and my analysis of the big advertising event, go to mediamoney.cnbc.com. >> julia, can i jump in for one second? >> absolutely. >> have you seen, julia, that kia ad? it's got everything you want. leprechauns, motley cru. >> maybe now we'll see kia rise in the ranks. it could rise between now and sunday. >> resonates with you because of the irish connection. >> i mean, leprechauns. >> who doesn't want a leprechaun in your ad. darren, you're outside the stadium, i believe. >> reporter: you know, the biggest surprise here is not the tickets. it's not the parties. i think the biggest surprise here, mandy, is indianapolis. if you look at this city and look at the rotations of miami, san diego, new orleans, over and over again and the risk of
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coming to a place like this, obviously they awarded the super bowl in a couple years to new york, but this has paid off big time so far from the proximity of the downtown where people can go place-to-place-to-place without taking cabs, the weather is unbelievable. i think we're going to be back here if, you know, if the nfl really sees this as a great place, i think we could be back here. the only thing i think, and i'm a little bit scared about this, i'm not sure they have the security down as much as they should. it's kind of a midwest mentality. it doesn't look like the cops are in enough number, i would say. and i'm waiting for tonight and tomorrow for them to prove me wrong. >> darren rovell, tough gig of being in indianapolis. thank you very much. appreciate your reporting. try to soldier through it. all right. and speaking of indianapolis, indianapolis is about to get a whole lot sexier. rick's cabaret. >> yes. the publicly traded strip club.
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>> has flown more than 100 dancers to indy from miami, new york and other locations. they're going to be ready to greet the masses at the indianapolis cabaret. the ladies will be ready for nonstop party action. a real small company up nearly 20% this year. the limo driver, by the way, loving life. if you listen to howard stern, you know what that means. >> next in the ring herb and cramer are going to put on the gloves. >> herb balboa taking jim green mountain to the ringer. we'll be allowed to remain onset. >> i don't know if i want to be. i want some protection here. >> bill griffeth, what's ahead on "closing bell." >> coming up, brian, first we have wall-to-wall coverage in today's market milestones. is this rally for real? or is a pullback on the horizon? we'll take a close look at the charts in talking numbers today. and we'll tell you which overseas market could benefit
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the most from an economic recovery here in the united states. and two top economists give us their economic report cards following that strong january job report this morning. maria and i look forward to seeing you here at the top of the hour from the new york stock exchange. in the meantime, "street signs" is back for friday. right after this. [ mom ] i think it's fine. it's the new element from at&t so it's w-a-t-e-r proof. cool. what else does it d-o? it's fast. it's 4g lte. what's l-t-e spell? nothing. w-h-y? hey, can we stop spell talking now? ok. a-y. [ male announcer ] buy a waterproof pantech element for $249.99 and get a 4g burst smartphone free. only from at&t.
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before we get to our battle royal, one more super stock to watch ahead of this weekend. a new ahead to watch. the stock is up nearly 14%. a lot of pizzas going to be consumed this weekend, no doubt. >> game on. >> it is her versus cramer. sit a rivalry for the ages. forget sunday because the big game is right now and there was a heated fight. a back story goes on last night. >> sticks and stones may break my bones and that's why i carry nuclear weapons. >> i see that they are setting
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up the steel cage for my battle. >> jim came out on squawk on the street. i just got say it. you said that green mountain. what great numbers. what is he thinking? >> you know what i'm thinking? you mentioned george foreman grill. did they sell 4.2 million grills. did you see that number. we shipped that many keurigs in the first quarter. >> relax. >> this is me relaxing. >> george foreman grill peaked in this country. this is about 19 million units. >> you guys are missing it. >> they don't give you the grilled cheese. >> enough with the george foreman grills. the reality here is this. the reality here is this. >> sit back and relax. >> i am. >> this is a situation with a
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company that guided down that is effectively telling you -- what do you want to say. you are just dying. >> they are hiding inventory. they won't get starbucks or donuts. they are losing the patents. everyone was wrong. >> i would give you a point. >> because it's too strong. >> warn buffet doesn't forecast. you think he's a fraud? buffet doesn't forecast. >> we talk about forecasting the business. >> you're going to see a tremendous amount of the
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economics changing. they are throwing a new machine in the mix. this will confuse the marketplace. >> okay. we could only have one thing to argue about but there are more. >> you call on a cloud company but let's talk about them. they're coming out. >> i don't particularly like rock space. >> why do you not like it? >> i think sit a bit of a commodity business. >> isn't everything in the cloud becoming a commodity? >> they are shorting sales force and citrix. the guy on amazon says you like this book, other people bought this. >> this is a company that people
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do want to talk about. 19% of their business comes from the cloud. >> you're bringing up an interesting point. >> trying to convince the market. maybe they are on the fringe of something. >> i think so. >> overusing the word or selling themselves as something they are not. >> you know what to me a cloud company is? it deploys software over the so-called cloud. that is the purest of a cloud company. >> there are so many companies saying they are in the cloud. >> it is more creative destruction. i don't think that one needs the other. i think tipco is a terrific
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company. i would love their technology. you don't have to like them. i think these are those kind of companies. >> it slipped in there, zach nelson. we have taken microsoft to the wood shed. >> microsoft is one of the most underrated companies right now. >> and the connect on pc you will literally do this at home and, you know, i don't analyze or recommend stocks like you do, everybody thinks microsoft is dead. the numbers have been trending up. >> back in december, 20, guess what their stock with us? $29. what is it now? $30. >> plus you have got dividend. >> you know who they are taking to the wood shed? sales force.com. >> are they challenged? >> that's for next week's debate. >> fantastic job, guys. >> that was a good one.
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>> is that really it. my sunshine stock still enjoying the facebook efeblgt. >> what kind of phone do you have? an iphone, blackberry, an droid? what it says abyour love life. mornin'. i guess i'm helping them save hundreds on car insurance. it probably also doesn't hurt that i'm a world-famous advertising icon. cheers! i mean, who wouldn't want a piece of that? geico. ah... fifteen minutes could save you fifteen percent oh dear... or more on car insurance. most powerful trading app ? total access - to everything. from idea toresearc. including financials, indicators and real-time streaming quotes. whether you eck your investments every day or every minute, our app can take them from
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>> it's that time again. >> pc connection disappointing earnings results. new cfo as the old one retires.
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the street did not like this. >> that was quick. this is some sunshine for today. the week is up up and away for zynga. enjoying continued strength. that is the boat that is lifting all boats for the week. the stock was rather flat. but when the filing revealed that 12% come from zynga, the shares really took off. >> that was an epic sunshine stock. today's sign of the times could be our favorite story of the day. matchbook.com say that android phone users are more likely to put out on the first date. 72% say

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