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tv   Power Lunch  CNBC  January 31, 2013 1:00pm-2:00pm EST

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well krm back. time now for final trades. >> tbf, short the bond. long end of the curve. i still think you will see a good jobs number tomorrow. i would say it is about 45% probability it is bet are than 185, closer to 200. we will see. but that's how you make money. >> joey. >> let's talk real quick about master card. i think an excellent quarter they reported. 52 week high. pulls back to 17. the way you play it, below 500, you get out. but 585, add more because it is going to 600. >> stephanie? >> adt. we like it. we've been buying it. it was a good quarter in earnings. revenues were a little bit light but i think that will improve as economy gradually improves. these guys have a share in home security business. reasonable valuation even though it had a nice move. >> man with a wall clock on his wrist. >> that's right. wall clock right there, baby.
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amn. february 31 calls short term trade but they are buying up these calls at about four times the open interest. i like the opening trade. >> let's get a quick look at the dow. last trading day of what's been a pretty good month, as you know, for stocks. there it is. dow under 13,900. making a march towards 14. hasn't been able to get there. we will continue to watch that. that does it for us. catch us tonight and on twitter. "power lunch" starts right now. >> "halftime" is over. second half of the trading day starts now. >> scott, thanks very much. knocking them down. which of these two brands do i have personal experience with? the department of justice or anheuser-busch? i ask you, ladies. you can decide. but the government said no to $20 billion beer deal with anheuser-busch and mexico's
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groupo modello. a huge day for market moving corporate results. earnings season. this is really the heaviest stretch of earnings season. we will take a look as stocks take a breather in the march tour of 14,000. speaking of market movers. jobs in the usa. jobs day is tomorrow. q4 gdp is negative. should we brace far bad number? we will get you ahead of the game. but first to sue at nyse. sue? >> thanks very much, ty. we start with the justice department's decision to shake up the can a bit. open it up and spray foam on $20 billion deal between anheuser-busch and group modelo. with a loss of almost 18% on the trading session. the justice department saying this would take away competition. ruin competition in the beer
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industry. kayla tausche has more for us. >> moving to block anheuser-busch's $20 billion deal to buy 50% of grupo modelo that it didn't already own. the biggest concern, the fact that the top three beer companies, anheuser-busch, number one, coors number two, and modelo number three, would have 52% of the beer. that pressure is exemplified to letters to ceo of crown imports. corona distributors owned by constellation brands. it says quote our number one competitor is now our supplier. it will not be going forward business as usual. government and merging parties discussed possible options to alleviate concerns by selling or shutting down some businesses. baer said they were just too far apart. now the justice department is preparing to go to trial instead. baer notified companies of the
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lawsuit which shocked investors and deal makers alike, many betting it would go through. >> so does the doj action, while trying to maintain competition, lessen the chance of more consolidation in the beverage business? on the cnbc newsline is harry shoemaker, editor of beer business daily. how do i get your job, first? but seriously, does this take out the premium that may have been in the beverage stocks? >> i don't think so. i mean, there will still be plenty of consolidation, tyler. anheuser-busch is by far the largest brewery. but once you get past them, the market shares drop fast, just not ab. it'll definitely take the premium out of the ab stock. >> we just liked at the pie chart. it was ab, miller, coors, at the
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top -- there it is. you see 22% of others, if you take those, 80% or thereaboutis of the mark set controlled by four of the companies. for that's right. aep those companies, i would say, are at a stand still in the united states. but values are attained elsewhere so the u.s. has pretty much been locked up forever. ab already owned half of m o odelo, so i think a lot of analysts were bullish on this deal and it turns out they were too bullish. >> harry, thank you so much. sue, this bud's for you. >> thanks, ty. markets are backing up and away from their mash much to all-time highs. dow jones down by double digits. down about 18 2/3 points. in the month of january, the dow is up almost 6%. as for the s&p, up more than 5%. and you know the saying, as goes january, so goes the rest of the
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year. there have only been 11 januarys where the s&p has been up 5% in the first month of the year. 101691 times the s&p ended the year with double-digit gain and we know that is the year of the crash. we are talking about all of that with bob and kenny. they are here with me and will rejoin us in a couple of minutes. before that, though, there are signs that the american consumers making a solid come back. take a look at this. master card's net income rebounding in the q4 area as overseas business continuing to expand. net revenue up 10% to 1.9 billion. stock hitting an all-time high. but it lost ground after the company issued a cautious outlook for 2013 on its conference call with analysts. reporting 5.5% rise and its net income in q4 on strong candy sales and they are raising their outlook as well.
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hershey right now up by 1.75 percent. a better than expected number in q4. cost-cutting helping the highest lackluster in europe. strong guidance for 2013 citing improving trends in the u.s. housing market. stock right now is up a full 4% to 113 .07. ty? >> let's go over to scott now for breaking news. >> breaking news out of federal court in cedar rapids, iowa. the ceo of per grin for a scam with losses to customers. judge ordering him to forfeit $215 million. that's the amount of the loss. but that money is almost certainly almost spent. he is 64 years old and set in
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court before the sentencing that he deserves whatever sentence is imposed. he also told his pastor previously he was prepared to die in prison. that is almost certain to happen. he is 64 years old. his pastor also revealing that wassendorf has a tumor on his pancreas. this fraud was as simple as it was brazen. remember that wasendorf falsified bank statements for years and got away it. the regulator in charge is the natural futures association. cnbc learned the nfa board is meeting this afternoon. russell's case on the agenda. we will let you know what they have to say. >> can i ask one quick follow-up question. maybe you mentioned it or maybe you don't know. is wasendorf in prison now or is he out awaiting sentencing? >> no, he is in jail. remember he tried to commit suicide, unsuccessfully, in july. as soon as he was out of the hospital, he has been in custody
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where he has been ever since. >> the last trading day of a big january, also the single busiest day of the earnings season. so where do we stand so far? our new guy, josh lipton. >> thanks, tyler. we are about half way through earnings this quarter. right now about 46% of all s&p 500 companies have reported key take aways right now. earnings growth up 3.7%. but the profit outlook down 1 to 2%. now keeping in mind, consensus of analysts still looking for a pick-up to double-digit earnings growth bit third quarter of this year. about 69% of companies are beating estimates, financials and consumer discretionary are two sectors were earnings are growing at the fastest p both telecom and industrial sectors. casino operator winn resorts, we heard from rival las vegas sands, they reported good results out of china. how about air that rival? we find out after the bell.
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tomorrow, be on the look out for big oil and bill pharma. chevron and exxon reporting this week. i spoke with oppenheimer's gate, saying he wasn't bullish on oil, saying there's no new catalyst to get investors excited. we will find out. merck reporting, for shares of 81 cents of sales on 85 billion which means 7% job in revenue growth year over year. next week a bit of a china theme. well hear from buy due. barclays cautious on guidance here. and finally, yum brands, downgrading to market reform, knowing that china continues to investigate yum's chicken supply. back to you. >> thanks, josh. you know, we are down about 19 points, the fed did exactly what we thought the fed would do. the market didn't react to gdp report which surprised all of us here.
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seems to me to be all about earnings. >> that's right, i think it is. i think what the market is telling us is this great move. grinding here on the last day right after yesterday's report. it is just digesting. a little bit of exhaustion and i think it needs to catch up with itself. we are not seeing it catch up with itself by any stretch. i don't think there are any catalyst at the moment like 1525. >> i think the market did react it gdp numbers. i think that market used to be afraid after ma crow melt down. some problem with the government shutting down or melt down in europe. now there is concerns about no growth as an issue. wouldn't it be ironic instead after macro melt down, and none of that, just boring old growth. i think the market hasn't quite settled in on it. i think they are counting on growth in the second half of the year. >> but chirl whirl pool, with you were watching carefully.
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>> 2013 guidance was enormous. not only was it way above the analyst estimate but even the low end of their guidance is well above analyst estimates. not only are they counting on the housing market, they're counting on price increases. whirl pool says they can get price increasing. >> we haven't heerd about that in a long time. >> markets are thin. >> ty, back to you. >> sue, thank you. >> we heard a lot about the rise for the s&p and dow this month. let's talk about the nasdaq. up but not as much. 4% or thereabouts as you see. 4.15 percent. big reason for that of course, is this. apple. down 14% in a month. and with more on apple, john fortt, in a minute. but first, seemo moa but first, seemo mo mody. >> we have seen the nasdaq outperform the dow and s&p the past couple of months. but this week the nasdaq
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underperforming the major ind disies. here are stocks that helped. first, dell, these companies will take over sun shares higher. a big winner in biotech space thanks to positive earnings and as oncology sprays, on a tear this month of 6%. other names that helped, vir tex, biogen, while apple did not give this month, other secretary oors helped keep the nasdaq afloat. >> seema, thank you very much. fortress apple. john fortt has the story on a tough month for the big computer company. what do you say, john? >> tyler, let's take a walk down not so great memory lane. at least if you were apple. it says 2001, but we will say it is 2000. during the dot com bust, apple had its biggest drop in recent memory. down by more than half. that particular month. we will get to this january and
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say what is special about that. next on this lineup we have, revised guidance in june 2002. stock went down again. more than 14%. then may 2006, steve jobs apologized for a scandal. stock is down quite a bit. then january 2008, post iphone, apple at macro. steve jobs did the keynote. people say, what? mac book air. they can't innovate any more. sent the stock down that month. more than 14%. then we've got september 2008. fears about the economy. morgan stanley and another bank downgraded apple stocks saying they are probably going to get hurt worse than everybody else as economy deteriorates. plus concerns about margins and cutting iphone orders. so interestingly enough there's never been a time when apple stock was down more than 14% and
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the nasdaq was up until now. sue? >> very interesting, john. thank you so much. china on the attack. michelle caruso-cabrera is up next. michelle? >> the times did something extraordinary, and it is major embarrassment for the chinese government. all news fit to broadcast, next on "power lunch."
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united parcel service getting hit today. you can see the stock down 1.72. about 2% slide. package deliverer reporting weaker than expected earnings and weaker profits for all of 2013. ceo telling analysts that fiscal uncertainty continues to erode business confidence and blaming superstorm sandy for slicing profits bay nickel a share. sue? >> ty, great story in the new york times today. about the new york times. chinese hackers targeting the times after the reporting on the wealth accumulated by the relatives of the chinese prime minister. michelle caruso-cabrera picks it up from there. michelle? >> startling story today. where they report a widespread
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hacking attack on their computer sift peoples the times alleged it was conducted four months by the chinese military. alengthsing hackers stole the pass words of every employee then used those to gain access to personal computers of 53 employees. once "the times" saws it was being hacked, it dp something different. it waited and watched an tracks hackers before stopping them. security experts hired by the times say the patterns they found matched those of previous attacks by chinese military. the ministry told the times that such attacks are prohibited by chinese law and to accuse the chinese military of launching cyber attacks without solid proof is unprofessional and baseless. the wealth accumulated by the china's went jiabao, talked about millions that his family
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is involved in. that raised questions about corruption at very senior levels in the chinese government. now there has been a change in leadership since then in china. they come into power later this spring. well see if this kind of alleged activity continues. that's because chinese industrial espionage has long been an issue in the united states with the department of justice frequently prosecuting individuals they say they have caught spying on behalf of chinese companies. many still have ties to the chinese government. sue? >> michelle, as you say, there will be a regime change in the spring. but in general, have they been trying to crack down on corruption? >> just in the last couple of weeks there have been big statements coming out of the government about how corruption at government level will not be tolerated. there is something called the central party committee for discipline which says they will do a widespread investigation into corruption by government officials. >> michelle, thank pup ty? >> fascinating story. thank you.
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next on the show, death -- yes, death, we are talking about the costs of the american funeral after the break. first, though, the most visited celebrity grave sites. that and more when we come back in two. ♪ ♪ [ male announcer ] it was designed to escape the ordinary. it feels like it can escape gravity. ♪ the 2013 c-class coupe. ♪ starting at $37,800. ♪
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for our docksmentry tonight, "death it's a living", we want to show you some of the most popularly visited death sites. one of the most famous cemeteries in all europe. 600,000 people go to graceland and most people see elvis's tomb there. and michael jackson. you can't get all that close to jackson's mausoleum, i'm warning you, but it is popular, nonetheless. >> tonight, a story on "death, it's a living", surrounding death in the united states. there's a a lot of controversy about b it. here is a sneak peek. >> is like a business trip, in a way, right down to the orange slices in the water jug. >> sure. sure. we will become a part of this family's experience for the next
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five days or so as they move on. we want them, as they are coming in and out, making decision answers planning their funerals, that they feel comfortable here. >> comfortable isn't cheap. >> give me a typical cost of a casket. >> that cost including casket is between 8 and $10,000 is what i would quote a family. you're sitting at about $3500 for the average casket that we sell. you're looking in transportation costs in 4 to $500 range depending on the number of limousines they might have chosen. anywhere between 2 and $400 for flowers. >> for public viewing, the company would embalm the body, replacing the body's blood with fluid. and medically give a chanatural appearance all for about $650.
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the common practice of viewing a body is key driver of industry profits. >> many funeral directors genuinely believe, believe that this is a form of grief therapy and this is important for people. >> do you agree with that? >> no. it is individual. there is no such thing as universal way to deal with grief. there is a phrase in the industry, embalming is the corner stone of our profession. what does it mean? it means if you can convince someone that an embalmed beautiful thing is a good thing, then you can convince them to purchase it, convince them to purchase a casket to display it, and it is a profitable way to deal with grieving familyes. >> the special is on at 9:00. "death, it's a living." sue, let's test your knowledge. the funeral director in denver cited his price for a funeral. how much do you think the
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national average is? 3500? 6500? 8500 or 12,500? >> i would say average, $8500. >> it is 6500 for a funeral with a kacasket. 42% of people today choose cremation which can cost half. >> i'm glad i missed that question, and i don't want to think so much about death. what are some of the more un usual. >> some of the more unusual, if you want your ash out of here, have it compressed into a diamond. launched into space. you can have it sent into a wreath into the gulf of mexico an atlanta ocean. you can have it launched in a fire work. basically the only thing you can't do is mix it with tidy
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cat, sue. >> there you go, ty. thanks so much. i know you've been working real hard on it. it is terrific. >> what can investors expect from tomorrow's employment report? we will tell you when we come back. plus, the powerhouse. a guided tour of america's top real estate markets today. we focus in on tampa. what does your money buy you right there? back in a minute. rated every step of the process, making it easier to try filters and strategies... to get a list of equity options... evaluate them with our p&l calculator... and execute faster with our more intuitive trade ticket. i'm greg stevens and i helped create fidelity's options platform. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades pen an account.
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welcome back it "power lunch." of all the gains made yesterday, we are down just about $20. we are looking at a lot of profit taking here from yesterday's climb as well as traders assessing the less than inflationary or anti-inflationary data. george jiro says of course gold market as well as many others will look at tomorrow's jobs data. that could be key for the direction for gold going forward. back to you, sue. >> thank you so much, sharon. let's get to trading action. bob pisani joins me on the floor of the nyse. down 21 points. hasn't moved much since we took over.
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focussing more on earnings now. >> i think no growth has replaced macro melt down as the issue. earnings are coming in pretty good so far. frankly, declines in the last few days are modest. what you want to see is cyclical names. for the last tw two days, they have been down the most. look at declines in materials and energy. these are very modest. we are at highs on tuesday. we are down maybe a percent, maybe a percent and a half on some of these stocks. not a big move and not a lot of volume here. elsewhere, if you look at home builders, there is your other market leader. numbers coming in are fabulous. and you can see a little more notable decline. still modest given the prices in these stocks, a hundred percent in the last six, seven, eight months. i do want to point out, first home builder no go public in ten years happened today. and great pricing. pricing is 14 to $16. $19.05. sue, if you want to know why, to
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start with, they have starwood behind them. backed by starwood. second, housing recovery. three, they bought a lot of cheap land in your old home state, in california pch and they will build in california as well as colorado. >> 12% gain on the stock. not bad. >> a lot of very happy people. >> i'm sure they are. especially given the industry there. the dow may be down but the nasdaq is up a little bit and seema mody is there, following big movers for us. >> all eyes on facebook after earnings that bears are saying its profit fell 79% due to higher costs but bulls are saying, hey, facebook is investing in the product and long-term growth and mobile ad revenue which has been a big in the past. down about a percent on the day. other tech stocks, research in motion. investors booking profits after the street finally got to see the newest blackberry devicees. a note on rim saying we see limited scope in the hyper
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active limited. and you see price line after the monster run yesterday. qualcomm, leader in mobile chips face, solid beat and thanks to an uptick in the smart phone division. back to you, sue. >> thank you, seema. let's see how yields are performing. rick santelli at the cme for us. hi, ricky. >> i guess all you need know is 1, 2 -- 2%. that's where we are camped out. if you look at at a chart going back it december 31st, it jumps out at you that here is where we paused. now up 23 basis on the points of the year which happens to be the month of january. if we look at the dollar index, one would think with rates moving up, maybe doing better but not the case. some of those rules don't work as well as they used to.
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if you look at year to date of the dollar index we are now down on the year. open it up to october. see where it blows dollar index prices, since october. maybe thank quantitative easing for that. what happen whes treasure agts start to move up? good credit, relatively speaking. riskier, and this has been bulletproof. pay attention. tyler, back to you. >> to the economy now. now unemployment claims coming off five-year lows. what can be expected on the heels of the data. yesterday's surprising gdp dip, our senior economic reporter, steve. jobs first. >> yeah. tyler, conflicting data ahead. it is important because it is a significant part of the argument between bulls and bears is strengthening, holding its own are a perhaps weakening. we are looking for 166,000. that's the consensus.
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the adp report is 192,000. remember, that's only the private sector. jobless claims as tyler said, ticking up off the the range, 368,000. weekly number bouncing back to 368. down to 335 level. search confirming, suspicious that the decline was due to seasonal adjustments. that is related to the hiring and firings of holiday workers. big wild car, government job. it is declining. 31 of 43 months since recession technically ended for total loss of more than 700,000 jobs. more importantly, down 8 of 12 months last year including final three months of 2012. unclear now if the fall off in government spending was -- surprising fourth quarter gdp report means more federal job cuts to come in january.
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we will also learn how much business might have been frightened by the fiscal cliff fears. all signs is it is not linked to firing but could have meant hiring. a lot on the line in the bull/bear debate. not much toeb optimistic about as far as blow out number. but in line with the 166 is not census would probably be declared a victory in the market. >> one thing that stood out was incomes. income was up, right? because -- >> i think we could have intuitively it -- it is very rare a number comes along that changes a long-term data. two numbers. this is dif dent income. all of the indends showed up in income. microsoft special dividend which annualized out to $295 mill million spike. this one annual eyesed to $267
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million paid in december 2012. >> quick thought over blackberry, you had it nailed. >> ways gratified. everyone called me an amateur technological reviewer. . >> the the keyboard works. >> the way the keyboard works. even confirming that i was right on the blackberry. >> you the man. >> thank you. >> thank you, gentlemen. of course, he is the man. let's recap other big headlines driving today's sessions. anheuser-busch and constellation brands lower after the department said it would seek it block abs attempt to buy the grupo modelo it doesn't always own already. there are fewer than expected internet users. also missing analyst forecast for its earnings growth. hey, ty, you ready for a
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knock-knock joke? i got one for you. >> sure. >> knock knock. >> who's there. >> orange. >> orange who? >> orange you glad we picked tampa? >> i'm in second grade again. >> it's because we have kids, right? ♪ [ construction sounds ] ♪ [ watch ticking ] [ engine revs ] come in. ♪ got the coffee. that was fast. we're outta here. ♪ [ engine revs ] ♪
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from td ameritrade. take a look at this. yikes! and you think you've got a tough job. superheroes doing a little window washing in charlotte north carolina. crime fighting by night. window washing by day. nice jobs, guys. be careful. in today's yahoo! finance question of the day. we asked, the new york times getting hacked by china. how worried are you about china's cyber attacks. 60% of you say very concerned. china is a real threat.
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14% said not at all. 26% said we should hack them back thp interesting. mandy with us, from a beautiful part of the world. >> gorgeous. i'm thinking of opening a cnbc office out here. we are here live at the td mare trade. >> in that room, a half trillion dollars being managed. we are dwing to talk to big wig names. like the ceo. he will tell us about how the retail investors really is coming back and of course we have an exclusive broadcast partner as well. so do join us at the top of the hour for the very special edition of "street signs." tyler, back to you. >> all right, we will watch at the top of the hour. we call it the powerhouse. each week as we head into the weekend, we will look at the top
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housing marketing in the country. and take a peek at some choice listings. today, the tampa bay area of florida. not just tampa, but the whole area. and the group of santo domingo and associates real estate, welcome. >>. >>. >> the average list is about 2600 homes a year. how is the market holding up? is it ba back? >> the mark setback. we've had 19% reduction inventory. forecast is for increase in sales by 18% for 2013. for anything looking to bark a year ago they are settling for less and struggling to find property that will accommodate their needs at this point. >> inventory down is good news for sellers, i suppose. let's look at a couple of your choice listings you have selected a enshow you how fun? than minnesota goes.
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rafael boulevard in st. petersbu petersburg, tell me about the house. take me through it. >> this is one of our really desirable neighborhoods. been driven bit downtown redevelopment in the last five years. a bike ride away, waterfront just a few blocks and yet have you this quiet setting. two private schools within driving time. and you know, with the setting, 300 days of sunshine, you can bike ride, walk, do what you need to do to -- >> roughly h 400,000. this place has been on the market how long? >> just on the market one month. we are just having it staged now. i don't think it'll sit on the market very long tp p t is a mid central modern home. for that price range and it is surrounded by homes of greater values. >> nice to do that. live in a neighborhood where you don't have the most expensive house on the block.
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let's step it up to 417 northeast lido way again in st. petersburg. 799 nor one. what makes it stand out? new construction. >> new construction, so we haven't seen spek homes in quite sometime. in the past 28 years i've been doing this, maybe 20 years ago. this particular builder. second home. it got under contract three quarters from construction. so when you look at this home, and look at what's in the neighborhood, once again, another desirable neighborhood, quick drive to downtown and we've got national builder coming in. we have no lots to build on so in order to build you have to find a home and raise it. right now we've had ten homes taken down the last two months. for resale value. those homes are ranging anywhere from 700 to 850 price range. >> that's an interesting one because it is not your class irflorida home. looks more like a standard
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colonial. interestingly here, the taxes are just and for somebody in new jersey, there is a key, 4300 on that $800 thousand home. let's move to the last one stepping up above to $1.1 million. 600, 30 pj street in st. pete.
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ty, counting down to super bowl xxxxvii. . brian? >> sue, the sun is out. league is ready. nfl is about squeezing revenue from everywhere. coming up on "power lunch." few places that they get money from you might not expect. we'll be right back. that has changed the modern world... would define you as an innovator. to hold more than one patent of this caliber... would define you as a true leader. ♪ to hold over 80,000... well, that would make you... the creators of the 2013 mercedes-benz e-class...
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maybe you've heard this. 49ers taking on the ravens. so much is made of the commercials during the game but is the big money really made on the field? brian is live in new orleans.
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brian? >> tyler, of course. tommy thompson v money is the biggest money but the nf there is a $9 billion business because they squeeze ef knew from everywhere including what you see on the field. for a sport as popular as the nfl, there are no shortage of advertisers but zero in on the field. and advertisers reduce to an exclusive few paying even more to be right alongside even on the athletes and right in front of the millions watching at home. >> to be on the field, you might have to pay 25, 30% premium over a sponsor who is not on the field. you are greating actual exposure and selling thur product. >> on the field, footballs made by wilson, jerseys by nike and held mitts by riddell. on the side lines new era expecting more than $700 million in sales holds the ex clues ef in what caps the players wear when they are not in the huddle. >> when you turn on a film or a, you know, tv show or something,
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as we move down the line, you are always going to see the new era logo. >> on the value of gridiron exposure of the swoosh. then gator raid. arguably over time the most ubiquitous brand on the field of all. >> we spent years building that authenticity and credibility we have with the nfl. >> gatorade's relationship with the nfl dates back to 1968 and they pay the league estimated $35 million a year to be on the side lines and continue to decades old accidental gatorade bath. >> el enjoy that bath. >> i think it is more of a shower, actually. but that 35 million is interesting because tle don't have to do a commercial. so the premium they pay is taken care of because they don't need to produce an ad for the super bowl. >> very clever indeed, brian. enjoy. see you soon. >> time for power rundown with
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michelle caruso-cabrera. official bringing ut the story of a sicyber attack by the chin military. something their government denyes. michelle, i will start with you. we should be worried, we don't trust china? >> the details are mind boggling and ultimately, i wasn't surprised by the story. en enanecdo enanecdotely, we hear from people in the business room, the fbi stopping by saying china has been hacking our computers. i think this happens a lot. >> john? >> absolutely. i'm surprised it is only 60%. this is the age we live in. it wasn't china, so it is not just china that you can't trust. states with these die d.a.s are hacking other states and fortunately or unfortunately
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depending on what side you're on, they are hacking companies too. >> let's move on to rimp. did the new blackberry meet the hype? what do you think, john? >> no. there was so much hype. stock is up 120 frers the lows in the fall. but it is still worth hyping. it is a good phone. now it comes down to execution. we will have to see if they can do that. convince somebody this is the perfect phone for them, better than the iphone and android. >> michelle has technology down. . what do you think? >> iphone and blackberry. i will wait and see. i do like having physical keyboard. i find the e-mail on blackberry far superior. i do love the aps on the iphone. can i get on the internet as easily as with the new blackberry? >> it is a nightmare. a nightmare. >> finally, i love this picture.
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finally on tim geithner. containsing an amazing photo from peter suza. take a look. there he is. sitting on the floor prepping his speech. it looks like. michelle, we both met the treasury secretary. he seems like such a normal guy and to me this typified that, that he doesn't need any special treatment. he just sits down and gets done what he needs to get done. what do you think? >> absolutely no nonsense. i will point out, the magazine did the interview at the same restaurant that used to be owned by anthony bore dane. there is some irony in there. not sure what it is. >> he is all by himself, leg cross, school boy style. a certain confidence despite what everybody thinks. you can go either way. what a cool photo. >> indeed, it was. >> it is really hard to sit that
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way, by the way. >> it is. and that is from someone who does yoga all the time. up next, has alex rodriguez played his last game for the new york yankees? we will tell you when you come back on "power." stay with us. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-2550 and i'm in total control because i can trade tdd#: 1-800-345-2550 directly online in 12 markets in their local currencies. tdd#: 1-800-345-2550 i use their global research to get an edge. tdd#: 1-800-345-2550 their equity ratings show me how schwab tdd#: 1-800-345-2550 rates specific foreign stocks tdd#: 1-800-345-2550 based on things like fundamentals, momentum and risk. tdd#: 1-800-345-2550 and i also have access to independent tdd#: 1-800-345-2550 firms like ned davis research tdd#: 1-800-345-2550 and economist intelligence unit. tdd#: 1-800-345-2550 plus, i can talk to their global specialists 24/7. tdd#: 1-800-345-2550 and trade in my global account commission-free tdd#: 1-800-345-2550 through march 2013.
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the end could be near for this fellow. alex rodriguez. hip, hip, hooray. sources reporting that a-rod will never again wear the pin stripes regardless of the latest outcome of the drug allegations against him. sources say the hip surgery he is recovering from is likely going to so derail his playing career that a-rod, who has five years at $114 million left on his contract, just like yours and mine, sue, he may consider retirement or out right buyout. a kind of settlement for a-rod. what do you think? i don't know. he is a very competitive guy. >> he is an extremely competitive guy. i met him a couple of times. he is also a really nice guy. i don't know. that's an awful lot of money. markets down 12 1/2 points on the dow. down a fraction on the s&p. up five point on the nasdaq. stev l

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