Skip to main content

tv   Power Lunch  CNBC  August 23, 2013 1:00pm-2:01pm EDT

1:00 pm
>> cdrn, calls they bought a lot of them. >> long. >> call. by the way, stephanie you won the debate. according to our viewers. nice. >> thank you. >> it was the green jeans. thank you all. thank you all pow er lunch now. >> half time is over. power punch and the second half of the trading day starts right now. >> steve says so long sort of. he is leaving in 12 months. you know what investors are saying? good riddance. stocks are up. how about the markets? that is the question after the ceo said this. >> we sent out 22, head trader alerts to the community.
1:01 pm
to the trough professional comm >> we'll talk about that and those western firefighters keep getting worse. thousands are forced to flee from their homes. you are forced to deal with me. >> many have been asking about it. when will steve volmar leave? today we got the answer. 12 months from now. if you take the triple q's as a benchmark. up 71%. a big under performance. year to date, it is microsoft. it is up about 28% to the 17% that we have had from the triple q's. john starts our coverage in san jose. john, it says a lot that the meer fact that the guy says he will go in 12 months in that
1:02 pm
move today. >> at least he gets more than a half of a bill one he said with microsoft he planned to be around 2016 around the time that his youngest son will be finishing high school. he announced six weeks ago sealed the deal. it became clear that the board wanted a ceo that would steer them into a full software company. here is what he said to me last fall before the window's launch. >> all ceo's have the same job. i don't have a different economic situation to deal with than the guys that run our competitors. in a sense you could say whatever happens to the economy happens. >> and they have not. since then the market has not
1:03 pm
embraced windows 8. meg whitman said this much this week. who will be the next ceo? if it is external it may be someone who has beaten microsoft in the past. remember. bill gates ran products at microsoft before the product launch. it is as much his doing as anyone's. part of the small search committee and it is his job more than any boneanyone's to get th right. >> can't we dream bigger? melissa mier? cheryl sandberg?
1:04 pm
>> those would be interesting. they have to get somebody who has run a huge organization. that is the tough part. >> okay john thank you very much. so what is next now for microsoft? who will replace him? >> bill george is the former ceo, gentlemen thank you both for joining us. let me kick off with you. how did you feel when you saw the news today that he was going. >> it was sort of a relief. we talked about this for a long time. volmer years ago said that he would only stay until his kids were through high school. we knew that this would come at some point. what is exciting about it is to bring in some new blood. it needs to be somebody from outside. who ever comes on is going to
1:05 pm
have the buy in from the board that they need to make the changes that they see the company needing. >> those changes are big. this is big tech. big tech is difficult to turn around be it dell, be it cisco or microsoft. it is not an easy job is it? no, it is a very tough job i was on your show back in may. i was on your show putting a succession plan in place. and the core business and there in lies the problem. he has not developed successors and that is a real problem. kevin turner the ceo is a real running mate. he has not taken advantage of the things coming along. bill, look -- >> i hope bill gates will permit
1:06 pm
that. he has done a good job stepping aside. but i have got some candidates in mind that i would recommend that they would consider. hewlett-packard has stubbed their toe four times by going out. >> everyone wants a piece of mark hurd. >> i think he has shown us too much as a cost cutter. >> you mentioned several people i would go for cheryl sandburg. she is a terrific leader. a fantastic leader. and with mark there she won't be a ceo. but i think she would be a great candidate. the other thung thone that is a is john donahoe at ebay. john stepped in and put it back and broadened the base and taken them into other businesses.
1:07 pm
but done a fine job and those two people would be the top. john was worldwide manager at bain. i think you need someone that understands global markets. but the creative side of tech that is willing to take the risk of moving microsoft in that direction. but not be owned by windows and office. >> they have been owned by the old businesses and i'm fearful that they are going to go the route of ibm unless they get a fresh set of eyes. >> i want to get one last word on what shareholders should do going into the weekend. what is this smart position. do you buy here or wait? >> i think you wait. while we have great candidates, this is moving in the right direction. i think we are going to be in a holding pattern for a year.
1:08 pm
we still have the risk that at some point the new ceo cuts the numbers and should happen but those may not be pushed out until fiscal 15. i think there are better places to make money. >> guys, we have to leave it there. it may happen sooner if you read between the lines. steve is going to stay on until a successor is appointed. and you bring in the holding pattern. i would hope by the first of the year they may have someone in place. >> bill, george, and brenda, have a great weekend. another ceo in the news today bob mcdonald the chief he will be paid nearly $16 million at the helm of the consumer products company. mcdonald abruptly announced his
1:09 pm
retirement in may. and was replaced by ag laughly. and it has been michele a pretty tough time to be a consumer products giant. the fed matters simon. as you know now, potential home buyers hanging on every word. >> i'm confident in a continuation of the sort of moderate both path and the strong pick up in 2014, it is in my official forecast but we are going to have to watch it carefully. the data is not coming in, in a way that confirmed in the strong pick up. >> i don't think we have to be in any hurry. we have mixed data on the economy. you know i would be cautious.
1:10 pm
i wouldn't want to prejudge the meeting. but i think we want to take our time and assess what is going on before we make a move here. >> i think if the data continue to progress as we have seen. then i do agree that we should edge down or taper our purchases later this year. >> here is abigail dolittle. what is your take on what they are going to do next? >> there is not a lot of clarity there and the fed is playing on the idea that their strategy is going to go along with the economy. they could add that is something that people haven't paid attention to. all of this talk is smoke and mirrors and we see the s&p trading in a near term correcttive mode. we have been here twice this
1:11 pm
year in april and june. at that time, biers stepped up. if the s&p goes below 32, we are looking down at 1555 and this reminds me of 2011. 1632, we are at 1660 right now. you are talking about a really big correction. >> i think all in from the record high. it could be a 8 to 10% correction. we still have the debt ceiling debate coming up. we could be looking at something much more severe this time. >> thank you so much. simon? >> thank you. >> michele a big question this lunch time with interest rates and mortgage rates rising is the great housing come back all right over. sales have dropped sharply now.
1:12 pm
we are live with a pretty shocking set of figures. >> right you are. housing one of those key data points. as far as it's timetable for tape perring. new home sales down 13.4%. seasonably adjusted sales rate. the lowest pace at nine months and down from a rate of $455,000 in june which was a downward revision. this week 4.58% is the average on the 30 year fixed rate. up a full percentage rate. showing up quicker in the new home market because the july sales figures represent signed contracts not completed sales. >> there was a pause in coun zoomers buying homes.
1:13 pm
i don't think it is a reversal of the trend we have been seeing. i think it was a wait a minute let's see where rates are headed before we sign that contract. >> we saw existing home sales spike upward. those sales are based on completed home sales with the rates locked in. new home sales are up 7% over the last 12 months. building starts on single family homes. >> michele? >> thank you very much. facebook tracking $40 for the first time since it's ipo. investors reacting positively saying that the company's third quarter revenue tracking to $920 million above the $878 million that the street was expecting. the stock is up 303% in the last
1:14 pm
two months. retail stocks are high on the agenda as well. let's begin with the gap first off. >> it raised and increased it's quarterly dividend to 23%. women's apparel retailer posting bigger second quarter profit i driven by ann taylor stores and loft stores. different story for teen retailer which posted a second quarter loss. company forecasting quarter loss and gas losing some ground today. bas based on lackluster reports from retailers. >> ahead on the she was
1:15 pm
yesterday's big freeze in nasdaq trades another exsaample of how others can suffer? and will it lead to more ipo's coming here to the new york stock exchange? answers to those questions next and go vote in the finance poll today. the yahoo!.compoll. tell us where you stand after more than three hours. to make their money do more. (ann) to help me plan my next move, i take scottrade's free, in-branch seminars... plus, their live webinars. i use daily market commentary to improve my strategy. and my local scottrade office guides my learning every step of the way. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade... ranked "highest in customer loyalty for brokerage and investment companies."
1:16 pm
1:17 pm
1:18 pm
the markets are up but pandora takes a hit. the reason, the increasing cost of buying music rights and the expansion of its staff in number. >> our free and fair microscope looking at the nasdaq. explaining what he did after yesterday's freeze during an interview this morning. >> we sent out 22 head trader alerts to the community. people who you would have to focus on the impact. the people involved with the
1:19 pm
problem had the state of the game planned to do things with themselves. we were in constant communication with them. definitely not. >> our job is the focus on understanding solving the problem, which we did in the first half hour and coordinating and impacting to make sure that we come back in an orderly and fair way. >> wild he was saying all of that, "mad money" man jim cramer was tweeting mad. he wrote: >> let's bring in our guests. let's clarify, he is not mad at
1:20 pm
the guy, he is mad if you want to tell the retail investor, get on television. full disclosure, if you disseminate it on cnbc, you have fully desemnated it to the market. >> we love them. they have a studio. they have lots of ways of getting, they could have gone on the web. they chose not to. it is not about whether they went to the press. they went to the public. >> they went to the professional traders. >> yeah, look. i've been talking to pr professionals about this. if you look at what he said there, and andrew ross caught him on it, he said we sent out notices to the entire community, but sorkin said you are talking
1:21 pm
about a professional community there. it gives a sense of who his constituency is. he sees those people as the entire community but in reality to talk to pr professionals here, he had a crisis on his hands yesterday he really needed to be communicating with the broader public not just the community that he is used to dealing with. he said people we were xhup k e communicating with people that have a stake in the game. or you don't have a mutual fund. all of america has a stake in this game. from a pr point and i think it is going to attract the attention of regulators. you have a public responsibility because there is a public trust in running a stock exchange and
1:22 pm
he proek that. >> when you talk to the leaders who do this all the time. there is a reason why you put the president of the united states out, anytime of problem why is that? the public needs to hear from the leader to hear what has happened. and what they are doing to fix it and it sends a message that somebody is in control and that the problem is being dealt with. that didn't happen with nasdaq although on the lower scale there, you need to have somebody who is a leader out front saying here is what is wrong and here is what we know about it. i'm in charge we are wrapping this segment up. >> all right thank you very much, john. >> simon? >> thank you very much. joining us now on the phone the founder of nanex. he is joining us because he is
1:23 pm
concerned about the role that traders are playing for us. >> one of the things that you are getting at is that the traders were trading for 15 minutes while everyone else didn't have anything. >> at 12:04 the trading stopped and trading went to 12:20. >> and you point out what happened. they realized that some people have access to the market. they don't have to go through that utility and information provider across the nation. they have the information sold to them by other people and those are the high frequency traders and that is why they pulled the whole system down. >> it is one thing not to like something. and it is another thing when there are clear regulations. it is specific in clear language
1:24 pm
when they say this kind of thing is clear. >> okay. eric. you make your point. we'll leave it there. >> joining us there. the founder of nanex. will the new tech ipo's who are thinking here. now choose to list here at the new york stock exchange as opposes to the nasdaq. was this the glitch? >> what is the verdict? >> the best comparison that we have compared to yesterday, is nasdaq facebook ipo problem after that exchange lost ground when it came to wooing big tech ipo's? >> nasdaq has taken 15 tech companies raising $1.35 billion short of the new york stock exchanges 21 ipo's raising twice
1:25 pm
that. that is according to s&p capital iq. >> that prize itself on being a technology vanguard. if they have these hiccups how well are they serving their clients in the future. >> rennance capitol tells us that the new york stock exchange was gaining ground before facebooks ipo but that nasdaq fumbled one of the most popular ipo's ever. it gave the new york stock exchange ammunition. today's pitching will likely do the same. the exchange says the lead is likely accelerating. it has raised four times more capital than any other marketplace with a record.
1:26 pm
now of course all eyes are on what twitter, dropbox, and other technology and uber will choose and which exchange they will choose when they go public in the next year. >> thank you very much. and in today's question of the day, we asked after yesterday's shut down, what are you thinking today. the sec needs tighter regulation. 59% says the nasdaq needs to get it together. that is interesting. 15% say this makes me less likely to trade all together. >> that is a tough one. several big name emerging markets. the impact on the dollar and beyond coming up next. incredibl. otherworldly things. but there are some things i've never seen before. this ge jet engine can understand
1:27 pm
5,000 data samples per second. which is good for business. because planes use less fuel, spend less time on the ground and more time in the air. suddenly, faraway places don't seem so...far away. ♪
1:28 pm
suddenly, faraway places don't seem so...far away. we replaced people with a machine.r, what?
1:29 pm
customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. good to have you on. what about somebody who wants to trade these currencies. you wants to do a yen or a euro dollar, what do you think? >> there is a lot of movement. but with movement comes
1:30 pm
opportunities for losts. i think a lot of individual retail investors aren't familiar with how these currencies are moving. that could be dangerous. but they are moving. there is opportunity. the risks are i think the following. that should weaken the currency. think the other side you have the banks on the other side. those are the risks that they think day-to-day. the movements that you have seen as well as the central bank tell you how these trends could be threatened by the central banks. the reason why it is dangerous is because you could be watching this in the dollar and you think yeah, their trend is going to
1:31 pm
continue. you put your tock stock in. and that throws your trade off. we have seen that. it is happening now. thank you for joining us we appreciate it. >> it started out as a quiet morning and then we got the report on the new home prices. we saw the dollar prices and gold priced spike up. they aare settling out. and rbs capitol saying that some of the unrest in the middle east. as they settle here prices up 3% following the moves. >> back to you. >> it was a shocker of a housing number. still, stocks are looking sleepy
1:32 pm
josh. >> but if you long, simon at the major indexes. the dow, you will see again, we are up for a second day. but down for a third straight week. that is the tightest range in a month. you can see we did take the dip on a disappointing new home sales data. the yield on the ten year on the worse than expected new home sales data. the s&p telecom. the data on new home sales is interesting. but certainly having an effect on the home builders all in the red. i want to end here on the itb. if you look at a two year chart it bottoms in 2011 and hits it's peak in may.
1:33 pm
19, 20% since then. the impact it will have on the industry. >> let's head over to the nasdaq and check in with bertha. i assume you are still trading. it is technology. it is all systems go. >> and the nasdaq bouncing back today. but the real issue is microsoft. the surge on the back of that news. up nearly 7% for the week it is up 8.5%. look at the impact it has had on the nasdaq 100. up for the week. half of that point gain is coming to the outside. having that big of an impact. it is one of those things that investors will look at. that will be very important for the qqq's. the ndx index. >> thank you very much. the view there from the nasdaq.
1:34 pm
to end on this is probably the most important thing happening today. and this is niss major rally you have had in parts of the market. that pushed the yields on the 10 year from 2.92 right the way down to 2.8. we have had some recovery on the yield since then. okay but you still have quite a dubbish view. those people that aare talking about an exit. michele over to you. >> federal regulators may be about to turn their attention toward high frequency trading and traders. that is coming up next and speaking of regulations the fda looking at e cigarettes. are profits to those companies
1:35 pm
about to go up in smoke? it can't be cable without a really about pun. if you're serious about taking your trading to a higher level, tdd#: 1-800-345-2550 then schwab is the place to trade. tdd#: 1-800-345-2550 call 1-888-284-9410 or visit schwab.com/trading to tdd#: 1-800-345-2550 learn how you can earn up to 300 commission-free online trades tdd#: 1-800-345-2550 for six months with qualifying net deposits. tdd#: 1-800-345-2550 see how easy and intuitive it is to use tdd#: 1-800-345-2550 our most powerful platform, streetsmart edge. tdd#: 1-800-345-2550 we put it in the cloud so you can use it on the web. tdd#: 1-800-345-2550 and trade with our most advanced tools tdd#: 1-800-345-2550 on whatever computer you're on. tdd#: 1-800-345-2550 also, get a dedicated team of schwab trading specialists tdd#: 1-800-345-2550 who will help you customize your platform tdd#: 1-800-345-2550 even from the comfort of your home. tdd#: 1-800-345-2550 and talk about ideas and strategies, one on one. tdd#: 1-800-345-2550 get all this with no trade minimums. tdd#: 1-800-345-2550 and only $8.95 a trade. tdd#: 1-800-345-2550 call 1-888-284-9410 or visit schwab.com/trading tdd#: 1-800-345-2550 to open an account. tdd#: 1-800-345-2550
1:36 pm
and learn how you can earn up to 300 commission-free tdd#: 1-800-345-2550 online trades for six months with qualifying net deposits. tdd#: 1-800-345-2550 our trading specialists are waiting to help you get started. tdd#: 1-800-345-2550 so call now. tdd#: 1-800-345-2550
1:37 pm
1:38 pm
that has been $300 million to $1 billion that will completed by the third quarter of next year. 3404 michele. >> thank you. commodity regulators preparing to take their first big step. hft, scott tell us what are they doing? >> it is a big step for them. >> not a huge step. so the mess has brought all kinds of regulation. this high frequency trading has
1:39 pm
pushed up volumes. we have been talking about the fcc's trading commission. it covers derivatives and stock index futures. it has a lot of computer trading. it could vote next week on a broad concept in the form of 100 questions that will go out to the trading community. which takes it all off on september 12th. we are told that the fcc could decide that they are fine. but the safeguards at least need to move as fast as the tradie i does. they need to develop security technologies that develop the data in a safe way and do it in a speed that they need to make it happen at.
1:40 pm
>> that is the key issue. there has been a lot of push back in the new regulations. but yesterday's mess brought all of this into focus and changed the equation. >> even those we have evidence that they are connected? >> and there is a call from the public as well. what are we going to do? >> usually there are unintended consequences. >> i'm told that this specific road mad has been in the works since april. it was sparked by the twitter hoax from the associated press that the white house had been bombed. we saw a huge sell off in the day. we heard that they were tieing their trades to twitter and
1:41 pm
other keywords in the markets. and what some of these triggers are and whether they are real and safe and sound triggers and the other thing is remember are in don frank when the sec required hedge funds aren't registering their number of employees and not the secret sauce behind the strategy? that could happen for some of the high frequency traders that have been in place for a long time. >> a lot of this scheme is 25 years old or more. it hasn't caught up with technology. they do have to do something to get back in step with the time. >> but it is still very far away. >> all right thank you so much. >> simon? >> ahead in the show. yosemite national park fires
1:42 pm
gaining ground and we ask who is to blame and is there enough money to pay for the fire fighting efforts. power lunch will be back in two minutes. and 900 million dollars are changing hands online. that's why hp built a new kind of server. one that's 80% smaller. uses 89% less energy. and costs 77% less. it's called hp moonshot. and it's giving the internet the room it needs to grow. this&is gonna be big. hp moonshot. it's time to build a better enterprise. together. hey linda!
1:43 pm
what are you guys doing? having some fiber! with new phillips' fiber good gummies. they're fruity delicious! just two gummies have 4 grams of fiber! to help support regularity! i want some... [ woman ] hop on over! [ marge ] fiber the fun way, from phillips'. [ woman ] hop on over! ever [ woman ] hop on over! ybody has different ideas, goals, appetite for risk. you can't say 'one size fits all'. it doesn't. that's crazy. we're all totally different. ishares core. etf building blocks for your personalized portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock.
1:44 pm
call 1-800-ishares for a prospectus, which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. coming up, we have a guy on the show today who has a bunch of money on the line. you all know the song by katy perry teenaged dream. and we are going to be speaking to a guy who is getting rich on one stock all of those things coming up on street signs top of the hour back to you. >> we will. don't you worry. the western wildfires are attacking yosemite neighbo eexe park. this is known as the rim fire.
1:45 pm
it is only 2% contained. you have massive fires burning in idaho and nevada. let's bring in scott cone again. you have been reporting on the fires. > federal government is out of money. their budget is done. in a time of sequester and everything else. but at the same time there is the issue of miss management. they have done nine different studies. trying to figure out what they need and they don't know what they need still. they don't know what to apply for the budget. the planes that we see on tv. there used to be 44 of them. we are down to 8. so they are bringing in military aircraft planes from canada. they are contracting. it is a mess. what is the problem with the planning?
1:46 pm
they are so unpredictable in size? >> i mean it is some of that but also according to this, not sharing information and not talking to one another and debate about how much land management should they do and how much land there is in and near the fire zones. >> right, these are beautiful areas so you want a house there. so it is an issue and this is you know a lighter fire season than last year but at the same time, it is created the issues are created. ten states with big fires. >> thank you for the update scott. ahead on the show. who should succeed steve volman. but first. >> she bent from the business of war to the business of comfort. next on power lunch.
1:47 pm
meet a woman who followed her dream and left her cubical behind escaping the cube when we come right back. ♪ the world is changing faster than ever, creating new opportunities for those who stand ready to seize them. in a time when the biggest risk is playing it safe, we believe outshining the competition tomorrow requires challenging your business inside and out today. at cognizant, our flexible, collaborative approach helps forward-looking companies not only run better, but run different... to give your customers every reason to keep looking for you. so if you're ready to see opportunities and see them through, we say: let's get to work. because now more than ever, the future belongs to those who challenge the present.
1:48 pm
1:49 pm
1:50 pm
microsoft skrceo giving a 1 month notice. but is 12 months a little much? >> we should have been hearing about succession plans for a long long time. it is a real kick in the pasts pants to announce you are leaving when the stock is up. >> he owns so much of the stock that he can cry all the way to the bank. >> who do you think should succeed him? >> insider or outsider? >> they need some fresh blood. if you promote from the inside you are going to create the problem that you hear from the guys that didn't get the bump up.
1:51 pm
interesting. subject number two, obama is pro posing a controversial plan to make college affordable. he will rate universityies and score card will decide if a school is worth it and at what price and will help the government decide whether it will subsidize the school. >> do you like it? >> i don't think they have the ability to do it. the reason it is so expensive is because the government subsidize it a lot. it gets more and more expensive. that is the problem. they are not going to solve the cost of college by doing this value analysis. >> michele is right. there is no way that we want the government seizing more control of education, that is a disaster. i call this the obama plan to ban poetry.
1:52 pm
they are not going to study philosophy and poetry. it shouldn't just be about that. it is a bad, bad, plan. >> the fda is considering regulation on e cigarettes. how is this going to change the industry? >> i can imagine you smoking an e cigarette. >> it is going to get people to smoke more. >> look at that. it is a great replacement for in hailing smoke. i don't smoke anymore because i have this. if you ban this i will go back to cigarettes so i'm going to tell you, don't do it please. >> i'm impressed i didn't realized you had given up. >> i can't believe he still smokes. >> people are going to do what
1:53 pm
they are going to do. i think it is pretty silly. it is a health threat. >> real smoking is a health threat. >> it is bad plan. >> damn we are out of time. thank you both. >> that was fun. >> wasn't it? >> it is not easy to quit your job on pursuing a dream. this week going from the definance industry to a bed and breakfast. >> when i left the company, i was scared to death. >> i'm melanie camp. in the innkeeper here. and i used to work for a defense
1:54 pm
contractor. i was at lockheed martin for 25 years. they recruited young military officers right out of the military. i was an intelligence officers so some of the things i was exposed to was interesting. as the years went on, the demands of the job didn't suit me which resulted in stress and i realized i should consider a change. i wanted to move here it is a beautiful place to live. i was interested in inn keeping and a b and b. i signed up for pivot planet and spent time with someone who was in the business to see what having an inn was like. >> especially about inn keeping.
1:55 pm
there is a remant sized version of it. >> when i follows up with him i said i still want to do it. >> she was really diligent and very detailed in getting as much information and open to asking herself the tough questions? >> i was worried about the finances. if the finances don't work, your current job isn't going to work either. >> it is more than drinking a glass of wine on the porch and checking in guest. >> i was scared. i make about one third of that salary but it is enough. what makes me happy is the sense of accomplishment. you see it in your customers and feel like you made a difference. it never looked back it has turned out so well. >> this year camps b and b won a
1:56 pm
trip advisers excellence award. when we come back a look at some of the big winners on wall street don't more. i put in the hours and built a strong reputation in the industry. i set goals and worked hard to meet them. i've made my success happen. so when it comes to my investments, i'm supposed to just hand it over to a broker and back away? that's not gonna happen. avo: when you work with a schwab financial consultant, you'll get the guidance you need with the control you want. talk to us today. what are you guys doing? having some fiber! with new phillips' fiber good gummies. they're fruity delicious! just two gummies have 4 grams of fiber! to help support regularity! i want some... [ woman ] hop on over! [ marge ] fiber the fun way, from phillips'. [ woman ] hop on over! always go the extra mile. to treat my low testosterone, i did my research. my doctor and i went with axiron,
1:57 pm
the only underarm low t treatment. axiron can restore t levels to normal in about 2 weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women, especially those who are or who may become pregnant and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these symptoms to your doctor. tell your doctor about all medical conditions and medications. serious side effects could include increased risk of prostate cancer; worsening prostate symptoms; decreased sperm count; ankle, feet or body swelling; enlarged or painful breasts; problems breathing while sleeping; and blood clots in the legs. common side effects include skin redness or irritation where applied, increased red blood cell count, headache, diarrhea, vomiting, and increase in psa. ask your doctor about the only underarm low t treatment, axiron.
1:58 pm
1:59 pm
as the results of events today it is less likely perhaps jackson holds some of the central bat bankers seem relaxe about the timetable. let's have a look at some of the big movers today. $25 billion of value added to that stock on the news that steve volmer will step down. facebook is also doing well today. >> that is a big come back stock. >> you have to think suckerberg is saying ha, ha. i also think we have shaken off this nasdaq thing yesterday. but i think you know the recovery yesterday and today. >> those two stocks are not disconnected. >> it is always a possibility.
2:00 pm
let's see if she leans forward into that job. >> big check big tech that is it for power lunch for us and for the team. thank you for watching all week. i think it is time to head to the beach. absolutely. have a great weekend. "street signs "begins right now. >> there is no chance the iphone is going to gain any significant market share. no chance. so said microsoft ceo steve volmer back in 2007. and now the 13 year ceo says he will retire in 12 months. 24 hours after the flash freeze we still don't know exactly what happened. will we ever get the answers we need why trading s

146 Views

info Stream Only

Uploaded by TV Archive on