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tv   Street Signs  CNBC  December 13, 2013 2:00pm-3:01pm EST

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leidos holdings. so it's bean wild week but maybe we'll go out on the plus side today. >> thanks very much. congratulations to them, a lovely wine shop. it's in my town. >> looks like it. >> we'll take you, there sue. >> "street signs" begins right now. where should you put your money next year? a guy who has been more right than most is here with his outlook and advice you can't afford the miss. hi, everybody and happy friday. also ahead, watch out costco, amazon is coming right at you with a new business. netflix discovering something about us that's probably a reason why their stock has been on fire and one of the world's greatest chefs is here with how to build a brand, run a restaurant and how he's helping to fight hunger in new york. >> slightly more positive note
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to the markets with the s&p on track to break a three day decline. let's sends it down to our market reporters bob pisani at the nyse, rick santelli is in chicago. bob, the s&p 500 is only about 1.8% below its historic highs. many are still asking going to next week which is coming, a selloff or another buy on the dip opportunity or straight out? what do you think? >> i think probably sideways next is the likely event. look, everybody is afraid of the taper. a lot of people want the market to drop. most people want the market to drop. the bulls want to it drop so they can buy more lower 5% lower and the bears think it should drop because they think the taper will be a big problem. i want to point out another reason for the potential
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weakness we've seen this week is it's been a huge week for inflows, for money that's not inflows but for new offerings and ipos and secondaries. $15 billion. we talk about hilton and some of the other big poiz. there's a whole slew of secondaries. this is the biggest week for ipos since the twitter offering. new stock supply coming in to the market and that might have been a little bit of a factor why we were so weak this week. >> the ppi data we got this morning, rick, keeping a bit of a lid on yields but nothing is so important as to what will happen next week. how is sentiment in the bond patch? >> you know, i guess charts can sum it up best. we were just talking about the s&p. look at a two week chart of the s&p 500 index. the right half of it doesn't look pretty. it's bean rough week. look at the same two weeks with ten year note yields. they pretty much stayed
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elevated. we know yields like to compensate for weakness in stocks by moving lower. the fact they haven't still tells me that it might not be that we get definitive news on the taper but still holding and stick with basically our three month high yield closes and as far as ppi, there is no surprise for ppi being steady or cpi being steady. the surprise will come sometime down the road when they are higher than expected. the market looked past it. >> rick santelli, thank you so much for joining us. enjoy your weekend. >> "wall street journal" called your next guest the quote smallest of the so-called bond market kings. there's nothing small about scott. he's been spot on stocks being one of the first to recommend buying european equities and did so on this show. also an amateur body builder, big guy, nice guy and he's here. scott you're sort move
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defendant. i'm sure the "wall street journal" piece, you know, was kind of embarrassing for you but in a good way. you exposed yourself not in that way to a lot of our audience. what your betting on for 2014? >> brian, i have to tell 2000 things i'll say. i don't know the comment about being the smallest of the bond kings is and secondly in body building you're used to exposing yourself all the time. >> there you go. >> when i look ahead, brian, i think we got too much short term thinking going on here in the market. history tells you that after we had this big run up, you know, for 2013 we should expect to see equities climb another 5% or so in the first quarter here in the u.s.. and, you know, bonds i think are fairly valued at this point. but it's hard to get extremely bullish or bearish at these levels. so, you know, i've been looking more at place where's the herd
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isn't so focused. i appreciate your mentioning europe and our call on europe and i remember being on the show last year just around this time and i recommended spain and mandy called me loco for that call. with where we sit today in european equities, we have another 55% between here and where we were at the top of the market in 2007. spain we have another 75%. so, you know, if i'm going to be long equities at this point i much rather be long european equities and i would certainly -- go ahead. >> because you like europe does that mean, scott, you necessarily do not like u.s. stocks or would you buy europe over the s&p 500 or buy the s&p 500 at all? >> look, i would prefer europe significantly more than the s&p 500.
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valuations have reached levels that are typically associated with very modest returns on a forward basis. for instance if you look at total market cap the gdp for the u.s. equity market today, historically when we get to these levels, returns for the next decade are between 1% and 3% on an annualized basis and that really to me on a risk return basis doesn't look very attractive. i would rather go elsewhere in the world at this point rather than focus on u.s. equities. history also tells us when we have this much momentum behind us that we're probably going to continue hiring in the first quarter. but for a 5% gain in the first quarter i think i rather take my bets elsewhere in the world. >> scott, you were right on european equities but not right on currency. you were on "street signs" and you were calling for europe parity. where do you see the euro going
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from here? >> well, you know, mandy, there's a lot of cross currents in the euro, and i am a little surprised with the strength but when you consider what's going on with banking in europe and the contraction in money relative to the rest of the world it really isn't surprising in hindsight that the euro is where it's at. having said that from at that competitiveness standpoint europe can't sustain these values. i still think the euro is heading lower. >> to parity? >> parity may have been too aggressive, but i certainly think we could take a good ten to 20% decline in the euro without, you know, much uncertainty of that within the next 12 to 24 months. >> parity is one of my predictions a few years ago. couldn't be more wrong. scott, where in the world right now, written the u.s. bond market, equities, anywhere are you starting to poke around a little bit. we know you've liked europe for
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some time. is there any place recently that caught your eye? >> well, brian, the most attractive place in fixed income is municipals. we have muni bonds that are investment grade, that we believe are money good, that are yielding higher yield in nominal terms than junk bonds, and that's before you give the tax benefit to it. so we're allocating to the tax exempt bond sector, municipal securities in our accounts that don't even pay taxes because the bonds are so cheap. so munis is at the top of the list for me in fixed income. >> you both might have been wrong on europe parity. brian, the nikkei has crushed it this year. going into 2014, it would be very difficult for the nikkei to be as good as it was in 2013. scott what do you think is going to happen to japan? >> well, i think on economics
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the jury is out. i would believe if i go by fundamental textbook analysis that the stock market should go higher. but mandy i actually probably would prefer japan's neighbor, china and i know it's an emerging market country but when you look at market cap valuations there, china is much cheaper than japan. and it seems like things are coming together with the transition. ping has consolidated power and growth is intact. >> that's one of my predictions this year it would make it in the black finally but doesn't look like it will happen. scott, thanks for joining us. >> we got some breaking news. big terror arrest by the fbi. scott cohen what's going on? >> reporter: we want to show you a live picture of the u.s. attorney for the district of kansas announcing a terror arrest involving the wichita
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airport. 58-year-old man, aviation technician who was allegedly planning to set off a car bomb at the wichita airport. the fbi reportedly became aware of his wishes early on and had him under surveillance and the implication is there was never any real danger here but here as we get into the thick of the holiday season there's an arrest in of all places wichita, kansas, as aviation technician apparently was planning to set off a car bomb at the wichita airport. we're monitoring this news conference and give you more dials as we get them. back to you. >> still ahead, how smart shoppers are a big boost to the economy. plus amazon moving one step closer to taking over the world if not costco. >> already taking over my wallet. we're cook up some small business advice with celebrity chef extraordinaire.
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and a lamp shade on your co-w k co-worker's head indicator and we'll explain when we come back.
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you are looking at pictures coming in from our affiliate wmaq of a plant explosion in illinois. crews battled a fire at the blue island chemical plant. the fire south. there are reports of several
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burn injuries. we do not yet know what type of chemical was on fire sponsorship we'll get you more details on that as soon as they do become available. >> retail shoppers are getting smarter by the second and that's good news for the economy. let's go to courtney regan for the results for the cnbc all american economic survey. >> since 2006 the cnbc all american economic survey has chronicled a discernible change in how, where and when holiday shopping is done, 12 days left to go until christmas. online, still second to big box stores. the percentage of americans who do most or a lot of their shopping online has doubled in seven years from 18% in 2006 all the way over to 35% this year. still second but that gap is narrowing. americans are using the information available online to make smarter purchases. more than a third of americans are price checking online compared to just a quarter two years ago.
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that's a pretty decent jump. they are doing it on the go. in only two years the percentage of americans using smartphones to shop and buy merchandise other than the stuff like music and app, real stuff has doubled in two years. not all demographics are participating at the same rate. americans were wealthier, younger and more educated are more likely to use technology shop. the digital twiddivide among th group is growing. this year, 19% of americans making under $30,000 a year say they shop online a lot or a fair amount. nearly double the rate that answered that question in 2010. some pretty decent moves there. americans getting smarter, using technology to make those purchases. >> thank you so much for that, courtney regan. the dow has turned to the down
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side. s&p is to the down side. looked like we would break that three day losing streak. over the past week we've seen about 6.5 billion in outflows from stock mutual funds. that's the biggest weekly outflow of 2013 at least according to lipir. >> i will add to that looking here at all the screens and index around the world, month to date, there's only one stock market in the world of any size -- >> japan. >> no. >> nikkei japan 25 has had its biggest weekly -- >> no day -- no japan is down over the past month. >> week. the past week. >> my trivia question is over this month -- never mind. malaysia. amazon plans to take on the costcos and sam clubs of the world with a new business called pantry. ama stone wants to get its hand
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on all aspects of consumer life. let's bring in senior research analyst. nice to talk to you about something other than apple. i'm sure you're happy about that. >> delighted to hear that. >> every time amazon makes a move it's news? is it meaningful? >> it. if you look at the consumer package which is what the pantry initiative is. amazon's current revenue next year is supposed to be at 90 billion. this on the magnitude. markets bigger. as you look at that, you look at their fresh initiatives around groceries which is in 2 1/2 cities speaks to this idea that amazon is looking for big markets to go after and cpg is one of them. they want more and more of that wallet share. >> to what degree will it help keep shipping costs down if they can coerce you into putting
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everything in one box. you can put groceries in the same box, christmas presents, goods. is that something they are looking at? >> that is. one way to think about it is this. maybe it's not as much the perspective of how much can they keep shipping costs down. it may be more about this work less. sign cpg they tend to be heavier weight and lower price. >> what's your investment recommendation on amazon then, gene? >> we like amazon. this is a secular five, ten year theme. in the u.s. about 9% of what's bought is bought online. eventually it will be 30% and amazon will take the lion's share of that. >> in terms of whether they will launch this pantry it's not confirmed. is this something you think is most likely to happen? >> yeah. as you said it's not confirmed. this is highly likely. it plays in to their fresh
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grocery initiative. when people shop for groceries they shop for consumer package goods at the same time. it fits in with that. they have soap.com which does some of that stuff. this very much going to happen. >> what's next for them? they are doing so many new initiatives. what's left for them. >> bulldozer companies so they can pick up the scraps of what's left of mom and pop shops. >> yes. >> the other one is the local market. something local service, plumbers, electricians, something they haven't gotten involved with yet. >> and a newspaper in some ways. thank you very much. >> thank you. >> still ahead how americans addiction to binging could be good for one company. we'll explain. >> plus the cheapest gas in the nation, we found it and we'll tell you where you can find it when "street signs" returns.
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the dow down .6 of a percent. we're nearing the end of the year and it's the time for merriment and eggnog and also looking for things that have done well, things that have not. to your point china shenzhen smaller of the two has done better than the shanghai which is the benchmark. i learned something new today. is down. china looking decent. do you think china will have a better year next year than this year. it hasn't had a terrible year but a disappointment. >> it has bean disappointment. indeed, remember this time last year we came out with 2013 predictions and you came out
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with the nikkei call. it's been a grand success. i said that finally after a number of years that china has not made any headway at least in terms of the benchmark that maybe this is the year when we'll see a gain. down 3% year-to-date. a massive rally in the last two weeks of the year. i'm wrong on that one. it's a hard no predict. >> my issue is dwhwhat do i do about nikkei. i don't know what to do now because it's been a good run. i'm leaning towards a prediction about mexico. leaning more to mexico these days. i don't know. there's something going on. more research this weekend. >> there was that big announcement from michelle caruso-cabrera yesterday. >> i like the opening up to foreign direct investment. there's a bourgeoning mexican middle class. thank you for the compliment on the nikkei. >> best weekly gain of 2013.
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i jumped the gun -- >> you'll under this -- >> check out shares of twitter speaking up. they are up another 2% hitting another all time high and rbc coming out raising its price target on twitter to 60. it's currently at 46.44. twitter up 109% since going public last month. >> very big headline for netflix which could mean big things for the stock as well. julie boorstin, it's all about binging and not about christmas pudding bing, but something we're very much all guilt i of or at least i am. explain what this is and how big it is. >> reporter: well, netflix came out with news about binge viewing. when you sit down your television set, turn on episode of "breaking bad" and you sit there and watch a whole bunch at once. according to the survey people
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define binge viewing two to six episodes. >> isn't it considered not acceptable socially to sit around and -- because if you're watching 13 episodes of a tv shine a row. you know what you're not doing? anything else. >> reporter: apparently 73% of those surveyed said they feel good about binge viewing and statistics of how many people watch an entire season much shine short period of time was mazing to me. for instance they say that feel viewers finished a season of up to 22 episodes within one week. for a serialized drama that's 13 episodes. a quarter of people finished it in two days. 13 episodes in two days. took half of the viewers one week to watch all 13 episodes. people are very regularly sitting down and watch more than one episode at once. what this finds people would rather focus in on just one show
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like "house of cards" or "orange is the new black" than juggling multiple jobs at once. >> don't these people have jobs? >> i can't binge view because i have a toddler. >> when the toddler is asleep. >> i think people get hooked. they start watching and the fact that netflix has enabled them to keep on watching it's very hard to krourl self if you're watching "breaking bad" and there's a cliffhanger. >> thanks. pump prices are holding steady as we head to the weekend. good news for drivers. big winter storm could possibly change all of that. let's get to today's pump patrol. >> reporter: despite the threat of a big winter storm heading towards the east coast retail gasoline prices are holding steady. national average price for
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gasoline at $3.25 a gallon. same price as yesterday. the national average not quite hitting the loss that we saw that's month but on the bright side stale nickel cheaper than it was last year at this time. six stwaets the average prices under $3 today and the cheapest gas in the country can be found in oklahoma city where at $2.65 buy us a gallon of regular gas. that's today's pump patrol. back to you. >> always around oklahoma. coming up next we're wrapping up our week long series on the battle for christmas with a discount rethe airlines. who will dominate this holiday? we'll duke it out. >> i'm so excited that eric relationshipe -- ripert is comig on the show. he'll talk about those things that i tried so hard to mention. we'll be back right after this.
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if you watch this show on a regular basis you know what's going to happen right now. yes it's street talk. let's look at stock number one which is two stocks in one. we're doing a two for one deal.
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we have seagate and western digital. citi upgrading both. they see a recovery in the pc market. target own seagate. western digital goes to 100 from 71. >> stock number two which is actually stock number three, huge mall operator making a move to get smaller, simon property group. >> spg up 2% spinning off its strip malls and smaller enclosed malls in to a new company. the new company will be known right now as spinco. 54 strip malls, 44 enclosed malls. they own apple blossom mall in winchester, virginia. stock is down about a percent or two. >> and advance auto parts. >> rbc upgrading to top pick
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from outperform. they see a compelling risk reward. if they are making it their top pick. the ash get goes from 116 to 131. stock is at 110. >> we're gets a big upgrade for fedex and that's being delivered by james. >> strong buy. their target goes to 190. they see value in the long run over the aggressive cost improvement plan of fedex. starts at 137. >> final stock is a smaller stock maybe under the radar name hope you find some new names, but it is sun coke energy. >> the stock is up 5.5%. makes metallurgic coke for the steel industry. suncoke energy under the radar mover of the day.
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let's get to talk numbers. we hit one stock fundamentally. today qualcomm. they were naming a new ceo. steve, would you be a buyer of qualcomm here, new ceo or not? >> you know, brian, i absolutely would. big win last night for the san diego chargers, which is the team that qualcomm sponsors. >> my favorite team. >> and qualcomm has been a big winner. over the last six months significantly outperformed the market and its sector. main reason i love this name cyst really -- it's a choice d all of the above. what i mean is within the mobile space as long as mobile grow when is you own qualcomm you don't have to pick which mobile provider will win. they own all of them. rather than selling the physical chips most of their revenue comes from licensing. >> 71,000 patents qualcomm owns. >> that's right. two-thirds of their revenue.
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given that this technology, i think s-a revenue stream that's significant and only going to increase and on top of that you get a dividend which you don't get in a lot of tech names. almost a 2% dividend. this is a winner that keeps winning. >> j.c. do the charts agree? >> yes 100%. i actually brought a very long term chart going back to 2000 here to remind our viewers this stock was once $100 stock. we may be looking at that number sooner than we think. looking at this long term stock i see two major bullish patterns. first from 2004 to 2012. it was consolidation. traded top 55 bio87, broke out above that 55 resistance level back in early 2012. the pattern that was formed after that was an ascending triangle. bullish continuation pattern. in november we broke out of that
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ascending triangle. there's room to the upside. i would be cautious on the short term. i would wait for it to pull back slightly to back to 67 area and then jump right in. long term very good looking chart. >> stock has bolted up, provide a charge for investors. we do appreciate it. thank you very much. and be sure to check out the often pun free edition of talking numbers on the web. yahoo! finance. >> straight ahead the lamp shade on your co-worker's head indicator. we'll explain that four ahead. >> a man who knows how to throw a great party. eric ripert is here and how he's helping to fight hunger in new york city. what's coming up on the "closing bell"? >> hello. after a rough week, is today finally the start of a santa claus rally? >> a whopping seven points. we'll hear from somebody who actually says santa will leave
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investors a lump of coal. you heard warnings about bit coin. cashless society would actually jeopardize our freedom. it's a little paranoia. >> all that and more we'll see you at the top of the hour f foreclofo for "closing bell". stay tuned. tdd#: 1-800-345-2550 ...you see opportunities. tdd#: 1-800-345-2550 at schwab, we're here to help tdd#: 1-800-345-2550 turn inspiration into action. tdd#: 1-800-345-2550 we have intuitive platforms tdd#: 1-800-345-2550 to help you discover what's trending. tdd#: 1-800-345-2550 and seasoned market experts to help sharpen your instincts. tdd#: 1-800-345-2550 so you can take charge tdd#: 1-800-345-2550 of your trading.
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corporate holiday parties are back but hold off on popping the bubbly because there probably isn't to be found. executive search firm said 96% of u.s. companies do plan to throw a holiday party this year, that's up 5% from a year ago but don't necessarily expect the caviar or champagne. >> good segue to a man who knows how to throw a party and cook. he's one of the greatest chefs of the world. eric ripert, chef and co-owner of new york's legendary
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restaurant. i want to get to the good work you're doing to fight hunger. so many of our viewers are small business owners and so many of them probably own a restaurant or thinking about it. extremely commonly owned small business and the hardest business to run. how have you made it? can you drop a few tips for our audience on things they need do? >> a lot of people come in to the industry with a very naive idea and invest a lot of money in a smaller restaurant and don't really understand the costs and what needs to generate at the end of the year. the margin is very slim in the industry except fast food, obviously. you need to have good knowledge if you are a chef of what you do, the food has to be good. if your restaurant needs to hire a chef and than good team around
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you that will support your vision and then i think not only have a good product but you have to be able to communicate in a world where communication is essential and people have to know right away you have a good product out there. so media very important. >> you started very early. you have vast experience. you moved to paris at 17 and started working at a restaurant which was 400 years old. what kind of cuisine will resonate with people. if there are people out there i want to make it as a chef and i want to open a restaurant. what is needed? >> if you want to be a chef one new york, i recommend go to culinary school and work a couple of years in a restaurant. in new york, you know, it's a very big city with a lot of
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different interests and you don't know what's the next trend. you have to really stick to who you are basically my mantra would be, be yourself. then cook some good food. be hospitable. have a decor, ambiance adapted to new york. new yorkers like energy, they like to party. >> all your compatriots, so many of the celebrity chefs have everything. celebrity chef toilet paper. why is there not eric ripert mustard. kou have built your name brand so far. you're a household name. every time i open a magazine i see your face. but you have no interest. which very surprising for us these days. >> i decided that i have a level of contentment that has been
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reached. >> you are french. >> therefore, i have a very good life. i'm very happy. i live my passion. i live very well from my passion. i could have many restaurants and many products. >> no ripert -- >> not yet. >> i admire it. it's all about green these days. >> it's wonderful he's not going so commercial. good for you. >> 1 million new yorkers a year still go hungry. you are involved with city harvest. but you're a millionaire celebrity chef. how did the every day average american are american fight hunger. >> immigrants or people with bad luck in life. like you mentioned in new york city 1 million people need to be
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fed every day and city harvest is very good at bringing food to those people in need and they need help right now. we have in the bronx, in staten island twice a week mobile markets and bring fresh produce and i think that's very for feed people who are hungry some good food. >> healthy food. >> some chef volunteer to teach them what to do with fresh produce because sometimes for us a potato is easy to cook but for somebody else it's a mystery. we teach what to do. city harvest is the most dynamic program. >> very quickly the culinary explosion of 2013, the cronut. what do you think of it? >> i have had many cronuts. i love the cronut.
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it's been copied so quickly. i just came back from korea. every where you have kronuts. it's unbelievable. it's a very good product. beautifully made. it's absolutely delicious. >> mandy, i think you just uncovered the french cronut mafia that's alive and well in new york city. >> thank you so much. have a happy new year and great work that you do with city harvest. >> coming up next discount retailers duking it out as our final fierce competitor series rolls on. >> later on why some are calling beyonce the netflix of the music business.
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let's wrap up our fierce
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competitor series today focusing on two of the hottest off price players. joining us once again, jan, burt. first courtney regan, get us gep to speed on those two companies. >> it's the contest between america's biggest offprice retailers. in the gling, the global maxenista takes on the stores out of the northeast. ross stores runs ross dressed for less and didi's discounts. sizing up the competition, 1285 ross store locations in the u.s. and guam. tjmaxx is the leader with 3212 stores in six countries. but ross stores packs a more punch with more sales per square
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foot. both off pricers landed higher income in the vent quarter but t.j. maxx trumps with 18% over ross' respectable 7% growth. they lowered earnings guidance for the current quarter for the first time in nearly 20 quarters while tjx cites the ability to succeed in all types of economic and retail environments. the off-price retailers don't get a lot of attention in the media but maybe they should. it's getting stronger at ross stores and tjx and shoppers that left jcpenney went here to these players. department stores and discounters really should be watching tjx and ross stores. >> who will win this christmas, tjx or ross stores? >> i'm going with tjx here.
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marshall's, home goods, has so much going on, they're getting on to the internet now. they're doing flash sales, they're in europe. they're also very cool. they have a huge social presence with something called maksinitsas. so i junction think it's a cool set of stores. t.j. maxx is 2.5 above on the price to earnings valuations. but these are almost the exact same companies. how do you pick? >> that's why i picked ross stores. of course, this was not fair because courtney gets the last word, having shopped with courtney i know her favorite place in the world is t.j. maxx, marshall's and homegoods, but it will be hard. ross is a great company. t.j. is a great company. and it's got growth because it's
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not all over the world, all over the country, at least like t.j. is, it can grow. i do have some concerns because these guys are in a tough spot with the department stores getting cheap kerr and cheaper and people like macy's starting to open in outlet malls. the world will get harder for both. but the guy with the higher multiple suffers more when the world gets hard. >> i've got a hometown favorite from worcester, massachusetts, founder ben cammeratta. they call me the nostradamus of retail for forecasting. all the retailerses that go bankrupt they can pick up cheap leases get great sites, they pay on time in full every time. o they get goods. so the beginning of the season. so when somebody needs to move merchandise they call carol myerwitz and all over the world. and so they have first mover
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advantage. >> so the winner must be t.j. maxx then. we've got two t.j. maxxes and jan in the middle with ross stores. beyonce proving she runs the music world. the big shock for all of her fans plus 400 million reasons to press your luck tonight. i have low testosterone. there, i said it.
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in a clinical study, over 80% of treated men had their t levels restored to normal. talk to your doctor about all your symptoms. get the blood tests. change your number. turn it up. androgel 1.62%. get the blood tests. change your number. turn it up. so i can reach ally bank 24/7, but there ar24/7.branches? i'm sorry, i'm just really reluctant to try new things. really? what's wrong with trying new things? look! mommy's new vacuum! (cat screech) you feel that in your muscles? i do... drink water. it's a long story. well, not having branches let's us give you great rates and service. i'd like that. a new way to bank. a better way to save. ally bank. your money needs an ally. you can fill that box and pay one flat rate. i didn't know the coal thing was real. it's very real... david rivera. rivera, david. [ male announcer ] fedex one rate. simple, flat rate shipping with the reliability of fedex.
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we do it every friday. overnight beyonce dropped a surprise album on everybody. you've got mega millions lot o mania and big coins for a mansion. let us bring in pop culture commentator nancy giles. great to see you again. >> great to be here, thank you. >> all of a sudden on itunes this morning, hey, hey, here's a new beyonce album. >> she's a master. they both are masters at customers and at marketing because everybody's talking about it. and what really interested me is there are 14 songs and 17 videos. how does that work out? are there some videos that are completely outside of what the songs are or multiple? >> make us want to go to itunes -- >> absolutely. >> this is the point, you want to go to itunes and check it out. >> this is not just the album. the album comes out later this month. so it's like double dipping.
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>> she feels like she can speak directly to her fans by doing this, cutting out the middleman like we said like the netflix of the music world. >> it is like that. directly to the people that want it. i think that it's kind of cool that artists now get to control their content and profit from it. >> we've also got, well, we are friday the 13th. >> oh, that's right. >> but a lot of players are feeling lucky today. but i believe the chances of hitting the jackpot are getting smaller and smaller and smaller. >> they're terrible. you can be hit by lightning easier. >> actually twice. >> no, you haven't. >> yes, the odds of winning tonight are less than being -- well, the odds are greater, harder to win. >> you're right. >> 400 million plus buck, well over that by the time of the drawing. either way, are you buying a ticket? >> you know, i might but it depresses me, the whole thing about the lottery. lower income people spend more money on lottery tickets than
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middle income. and i've seen people who don't have that much spare cash who are buying ticket, cashing them in and buying them again. i want to know where the lottery money goes. i remember years ago they used to say in new york city, it would go to improve schools. >> that's the idea. >> but we're still struggling with the schools. the schools are still stinky. there could be some graft or something there. >> the states get their cut, and it is fat cut. >> where does it go? that's what i want to know. >> the owners of the las vegas mansion is up for sale as multiple millions of dollars and they're willing to accept big coins. this must be a first. >> okay, i even told the producer, big coins question mark, question mark. i kind of don't get it. kind of a new kind of barter system? >> it's a virtual kurns ke, crypto currency. >> you have a algorithm stream, then get something to pay in with bit coin. >> numbers and letters in a giant -- i'm not sure how many are in there, then you can sort
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of mine it, pay people with it. very volatile. some think it will go to the millions of dollars per about itcoin. because only 20 million will be produced but no one knows who produced them. >> if you can hold them in your hand and look at them and whose face is on them. and if you can't -- >> thank you so much for joining us. thank you for watching "street signs." >> take care. and welcome to "the closing bell." i'm kelly evans at the new york stock exchange where the markets trying to end the week on a winning note but looks like we'll be down for the second straight. >> yes, it does, kelly. we're in one of those moods today. friday the 13th. whatever it is, what's going on here? the rough week for stocks, the dow on track to finish lower, which is a rare occurrence as we know recently. we've seen this market head south in the last

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