tv Power Lunch CNBC August 11, 2014 1:00pm-2:01pm EDT
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preliminary numbers are pretty big. >> and if tiger is not there, you have rory, they're happy to be sponsored right now. final trades. >> scx, boardwalk, clf. >> we'll see you tomorrow. halftime is over. "power lunch" and the second half of the trading day starts right now. >> we all know that scott and my golf game are much better in the dark, folks. exodus, reports of oil workers and executives fleeing iraq, this as a new drama off the new jersey coast erupts as kurdistan and iraq bring their olympic fight just miles from where i'm standing right now in northern new jersey. plus luxury brand fight ali
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baba. it's a big hour of pourer. sue is at the new york stock exchange. >> hi, ty. it sure is an hour of power. we're focusing specifically on the transports right now. the transports right now up 104 points on the trading section. jetblue, and kansas city southern some of the big pusher. as for the dow, up 52 points, the nasdaq is up about -- just under 1%. is the s&p 500 has -- seema is at the knead dab. we're going to star with bob pisani, you know the transports is one of my favorite indicator. if you're a dow theory follower, that bodes well for the dow jones industrial average. >> and it's a good -- let me break it down more.
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airlines, for example, lower capacity, higher bookings and lower olympic prices. they are very healthy boosts. railroads, we are seeing an increase in business for them. more autos. moving autos around the country, coal business is still pretty good. there you see the rail stocks moving well. finally i want to know the truckers here, they are benefiting also from favorable pricing. truckloads, full truckloads have been increasing recently. that's why we saw the move up. finally, you can own this. this is the iyt, you can own all 20 transportation stocks in a single stock. right now, sue, all 20 stocks in the dow transports are on the up side. >> strong day there.
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thanks, bob. see you in a bit. uptown to times square. we find seema mody at the nasdaq >> good afternoon. best two-day gain for the nasdaq, as traders brush off geopolitical concerns. at to that adam parker at morgan stanley upgrading technology as a sector to overweight given the recent volatility that we have seen in the flight to safety over the past week, utilities being the best-purchasing sectors. clearly some experts sea grut value, in fact tesla, the best purchasing stock not just in today's trade, but over the past one week as well. deutsche bank upgrading the stock. again, tesla the best performing stock on the nasdaq 100. sue? >> thanks, seema, very much. let's go back up to ec and dominic chu. >> hey, sue, check out what's happening with hyatt hotels. after stifel nicolaus upgrades to a buy from a hold rating.
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based on valuation. the stock like i said up towards session highs. so overall, a nice day for this particular hotel company, sue. >> sure looks like it. ron sloan is the chief investment officer at -- and jerry castellini is they're here to talk about the markets. jerry, the transportation average is extremely strong today. there are a lot of people down here talking about that, especially given the moves we have seen in oil recently. can you weigh in on that? >> sure. one of the most important things to do as the market comes out of a pullback or correction is look at leadership for an eye to what you think will happen going forward. to have the transports be the preeminent leader is telling one clear signal about the u.s. economy. that's that it's still undervalued or under-appreciated. there is still a lot of growth left. the fed hasn't begun to put the
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brakes on yet. expect to see industrials, tech and energy follow right behind, and expect those to be the leadership places going here in the second half of the year, and well into next year, for that matter. >> ron, would you agree with that synopsis? >> well, i totally agree. i think this is why, as you said, sue, the transportation benchmark is so important and so interesting to watch. nothing is happening out there. i think jerry is right in the sense that the leadership on the next great move. now, we could have a correction in here, geopolitical events, all those kinds of things could be occurring, but the leadership for substantially higher prices for the benchmarks does have to reside in old-falsed more cyclical companies, whether it's industrials or even tech, materials. those are the stocks where the leadership is, because it's all about animal spirits from here. you've heard members of the fed
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talk about rekind ling those animal spirits, i think that's what the future really is. >> jerry, where would you be putting cash to work if you think valuations are still reasonable or a little low. >> sure, i think the sweet spot in the mark today is those companies trading between roughly 12 to 17 times earning with good mid teens growth rates pushed by a series of secular and cyclical forces. with a company like eog, halliburton, they'll benefit from a much faster growth rain in shade that most people today appreciate. apple and oracle in the tech space. they're either attractively priced or still see lots of growth ahead of them. the package of those names, the very similar to mr. sloan's, that's the place where i believe
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the market is yet to discount what we see is a very stable and persistent growth over the next two to three years, and for that matter, you could see this cycle even go further into the decade. >> ron, you touched a bit on the geopolitical jitters that are out there, but it doesn't seem to be dissueding you from putting money into the market longer term. >> no, and i think, yes, in the short run we could have a trading move, and it could be largely impacted by the geopolitics that's going on, but i think that if we're talking about everybody, putin included, is very focused on economic growth. and so as long as people are focused on that, there's nobody that wants to take the world back into the dark ages of recessions and depressions and those kinds of things. worldwide, really, whether it's chinesing money again or whether it's putin perhaps drawing back
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from the ukraine. >> okay. thank you guys. >> i think the leadership is in cyclical stock. >> excellent place to leave it there. thank you very much. ty, up to you. thank you, it is the economy, the u.s. federal reserve vice chairman stanley fisher speaking in sweden today, saying, quote, the global recovery has been disappointing. he also called the u.s. economic recovery, quote, disappointing. is he right? jared bernstein is senior fellow at the center for budget and policy priorities. bob mcdeer is a former president of the dallas fed. jared, let me begin with you. how do you react to what mr. fisher said? >> i agree, and he's standing behind a number of analytical institutions, all of whom have marked ultimate down the potential growth rate for gdp. looked at the three factor that is go into that. product growth labor supply and
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investment. and that's going to slow down overall growth, but what i think is so important is that they features are not etched in stone. they can be altered by better policy, and i would argue that not only should they be, but they must be if we want to grow faster and see more prosperity. >> mr. mcdeer, how do you react to what mr. fisher said? what does it mean in the broader sense if growth is slower than we anticipated. the third question is, how much responsibility for that slower than anticipated growth must be borne by the federal reserve itself? >> well, a little bit to the extent that some of it is cyclical. mr. fisher emphasized some of these things that are more secular, and more to do with demographics. for example, productivity has lousy for several years, and 11, 12 and 13, it grew only about three quarters of 1%. it declined 4.5% in the first
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quarter and only rebounded 2.5 in the second. then you have the labor force participation rates, which is at a 36-year low. at an all-time low the last few months. we have fewer and fewer people, to quote my former friend -- not former friend, but senator bill graham. fewer and fewer people pulling it, so we have workers producing not so much every year and then fewer workers. is that a demographic things or a policy problem?
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we're all getting older and -- >> so let me -- >> we feed some immigration reform. >> i don't disagree. i agree that it's very much in the mix, but if you look at the decline in the labor force, three percentage point decline, that's big, one of the key factors driving this reduction and potential growth rate. most analysts judge that only half of that is due to demographics and other half is due to weak demand. we have to recognize that there was a huge wealth effect taking demand out of the economy. so again, yes demographics, but that doesn't mean these are
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immune to better policy. >> last, we have to leave it there, an ongoing conversation. thank you very much. ty, the u.s. is now back in the war in iraq. this is video of iraqi soldiers detonating explosive devices, presumably laid down by the sunni terror group, but now that drama has moved just off the jersey shore. jackie deangelis and michelle caruso-cabrera both working the iraq story for us today. michelle, to you first. >> hey there, sue, kurdish oil tanker trying to bring cargo to new jersey can't get into the united states. i'll explain why, coming up. and we're watching what oil company it is are doing about the fighting and the fear they are experiencing. they are trying to keep their workers safe. we have the details for you. "power lunch" back in two minutes. for the first time american kids are slated to live a shorter life span than their parents. it's a problem that we can turn around and change.
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welcome back to "power lunch." krispy kreme, the stock is moving higher at wedbush upgrades and sets a $24 per share price target, saying it sees meaningful improvement in the same-store sales. the stock is up currently about 7.5%. dunkin' donuts is also higher. tyler, back over to you. new video this hour of iraqi forces fighting off the islamic state of iraq and syria in northern iraq. after theu air strikes some of
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the pressure has eased on tens of thousands of ethnic minorities surrounded by sunni extremists, but the crisis is very very much as you see there still in effect. people actually desperate for food and water. the u.s. has delivered tons of aid to the individuals who are trapped there. you can see the chaos of the situation. several oil companies operating in iraq have pulled more of their workers out, and the drama in iraq tums to the jersey shore. michelle caruso-cabrera will have that in a moment, but first jackie deangelis on the by changes for oil companies still operating in iraq. it's difficult to say how many nonessentials have been evacuated from iraq. we have news that his is suspending operations, reports on friday that exxon and chevron were doing the same thing, but
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no confirmation. having said that, let's put this in perspective. while the conflict side of it is really important, the impact on the oil markets hasn't been that substantial, and that's because, from a production standpoint we're really just not talking a lot about great volumes of oil coming out of the north. in northern iraq, about 360,000 barrels a day come out of the regions. of course, the south is the key area that a lot of people are watching. only one third of what comes out of the north right now is being exported, so really talking about a small producing region here. exxon employees that work in those regions, of course they assume a lot of risk when they go there. to be honest with you, they're paid quite well for it. average salaries in oil and gas industry in the middle east are above $90,000. you can make six figures if you have more experience and advanced degrees.
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let's talk about all of this in context of the oil market, because we actually are seeing prices a bit mixed today, but you have to remember that west texas intermediate is back under $100 a barrel, down 3% in the last month or so, so it's come off quite a bit. that is translating to gas prices as well. a six-cent reduction in the last few weeks, so right now oil prices not going through the roof on this news. >> jackie, thank you very much. michelle now for another big hurdle, for kurdistan's bid basically for oil independence. it is a complicated and nuanced tale. >> but we're going to make is simple. >> for me especially. >> there is a second tanker filled can kurdish oil, now appears to be stuck off the coast of the united states with nowhere to go. there's a ship called the minute nervea joy, which was supposed to pull into new jersey yesterday, filled with 300,000 -- that's a region in northeast iraq. the ship was headed to a
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refinery owned by action onspecial products, but last night aaxeon sent a state -- it will not purchase or accept delivery of any of the affected crude oil until the matter is appropriately resolved. what spewed are you talking about? kurdistan is selling crude oil from the region, even though the national government of baghdad says what they are doing is illegal and violates iraq's constitution. the kurds disagree and they don't care. they're shipping it out via turkey. a source says a that axon could sit off the coast at least a week, maybe longer. this is the second time in as many months that the kurds are foiled getting the oil into the united states. last month a tanker was supposed to unload oil in galveston until iraq filed suit in u.s. federal court calling it stolen property. it's been stuck in legal limbo
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ever since. the reason we're so interested is that the kurds can gain oil independence and their own revenue, many believe it's the next step to getting full independence, which would lead to the disintegration of iraq beyond the problem we're talking about with i.s.i.s. >> so if they get money, that makes them stronger, makes them more to exist independently from iraq. >> exactly. >> michelle, thank you very much. sue, down to you. >> thanks, guys. we know the problems in iraq. clearly there are problems in russia as well. but despite sanctions exxon has started a new energy proin ject in russia. today's question -- if you were an energy executive, where would you rather drill? iraq or russia? log on to cnbc.com/vote, and tell us what you think. we'll pose that very same question for carl larry, president of oil outlooks and opinions, joining us from houston. welcome back.
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outline the risks in each one of them and which you think would be more beneficial for a company. >> well, i'll start with iraq, because i don't think that is the one that people should be invested in. the deal there is even though it might be a bit cheaper to go there and bring oil out, the problem is oil is always a risk, not just your staff and people, but there's always pipeline explosions, always attacks, and we don't know where that government is going right now. there's a lot of high risk, to the people, to the production, and obviously to the government itself, but in russia. >> let's turn to russia. it has a storied past when it comes to businesses, their own businesses and sore what are the risks there?
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you always have the oil, but will you get the profits? that's the risk. >> carl, good to see you again. >> good to see you, sue. carl larry joining us from houston. let's lock in the vote and see which percentage say russia may be a better place to go. 74% say russia, only 26% say iraq. interesting vote, ty. up to you. thank you, sue. 1-1,000, 2-1,000, 4-1,000, 5-1,000, that is how long your eyes are typically off the road when you send or read a text message. it can have deadly consequences. next we'll introduce you to two companies hoping to change that with technology that they have. >> there, when i start driving. look at that. the phone just went to blank. i put that technology to the
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day, sue, back over to you. >> on that note, the world health organization declared the ebola outbrack an international public health emergency last week. meg joins you on the race for the drugs to fight that. >> hey, sue, there's no cure for ebola, but several therapies are in the earliest stages of development. those include companies bike tekmira, and others. after two american aid workers were treated with zmapp from that biopharma, a lot of ethical and medical questions have been raised about the appropriate use of these drugs. the world health organization that is convened a group to study it it. we should hear from a news conference tomorrow morning. 9 national institutes of health is supporting work at glaex osmith klein as well as johnson & johnson.
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grab on toexperts say the faste to stop the spread is through different measures, identifying all of the case, isolating and caring for the patients and finding those they have come into contact with, as well as communicating how the virus spreads. the latest numbers show that ebola has affected a told of $1,779 people. and 961 people have died. the w.h.o. says these the largest ebola outbreak ever recorded. >> meg, thank you very much. switching gears back to the markets. we stronger than photograph -- that moved the market. you can see the yield on the ten-year note is 2.413%. james patterson is speaking out.
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the best-selling author who was also the first to achieve 10 million in e-book sales will join us live, next on power. moderate to severe is tough, but i've managed. i got to be pretty good at managing my symptoms, except that managing my symptoms was all i was doing. when i finally told my doctor, he said my crohn's was not under control. he said humira is for adults like me who have tried other medications but still experience the symptoms of moderate to severe crohn's disease. and that in clinical studies, the majority of
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patients on humira saw significant symptom relief. and many achieved remission. humira can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal infections and cancers, including lymphoma, have happened; as have blood, liver, and nervous system problems, serious allergic reactions, and new or worsening heart failure. before treatment, get tested for tb. tell your doctor if you've been to areas where certain fungal infections are common, and if you've had tb, hepatitis b, are prone to infections, or have flu-like symptoms or sores. don't start humira if you have an infection. if you're still just managing your symptoms, ask your gastroenterologist about humira. with humira, remission is possible.
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$44 billion deal to buy up subsidiaries to become a traditional corporation and no longer an mlp, master limited partnership. this includes kinger morgan partners, and el paso pipeline partners, which would make the combined company the third largest in company after exxon and chevron. with the s&p 500 bouncing back from a week of losses,dom chu has been taking a look at some of the hardest hit stocks. could they be poised for a comeback,dom? what do you think? >> there's a lot of experts out there who have different opinions about stocks. what we do know as a collective group what they could do. you take the s&p 500, here, 176 of them are actually down by about 10% or more from their recent peaks.
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that puts them in something many traders call correction territory. if you that i those 176 stocks and drill down even further, just 30 of them are in that bear market territory, something many traders refer to as a stock that's dropped 20% or more from the recent highs. just 30 stocks out of 500 in bear market territory. if you look at some of the big names in that territory, first of all amazon.com, we know they've had some hard times, but did you know they've lost over a fifth of their value since recent highs? analysts think that am zone shares still have about 20% more up side from current levels.
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for the most "new york times" belle sellers. what the james patterson do if he were the other most influential man in book publishing? we're talking about jeff bezos, currently embroiled in battle with patterson's publisher han she. he joins us from beautiful beverly hills. huge disclosure, i'm a huge fan
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and read many of your books. >> thanks very much. i don't have a home in beverly hills, but i am here at the moment. >> okay. well, enjoy it while you're there. >> yeah, yeah, yeah. let me talk about not just the battle, did you now disney, amazon is weighing in and trying to pressure pricing on disney as well. it seems as if the reach is going broader and broader. >> i recently wrote as article if i was jeff bezos, and my hope would be that he would come to the idea that he would be the biggest most powerful profitable american company maybe ever, but also make the place a better world. in particular he's in a position that he could save -- i think it's important to me and should be to most people. i think already a lot of things that publishers and amazon could do to be more efficient. publishers can recognize that
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e-books are the future, probably. they can lose the messages of elitism, and lower book prices, which needs to be done, and then amazon, you know, with the current war -- with which tactics they are using is to attack authors by -- certainly shadow authors. i don't think that's in the best interest of their customers or the bottom line. they could maybe cut down on this blizzard of experimentation from drones, scorched earth tactics against some of their competitors. they could recognize that weaker publishers mean weaker product, which would ultimately weaken their product line at amazon. >> it sound as though you're saying they could use the power for good. >> good for a better bottom line they really are in a position to be a very unusual and maybe a model for the future of this country in terms of what a corporation can be. they're in that position right
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now, and i'd love to see them go that way, but this war with their competent tosh or -- i don't think is in anybody's best interests. i certainly don't think it's in the best interest of the bottom line. >> did you reach out personally? >> i talked to jeff once, and it primarily had to do with doing more online to get kids reading online. kids have not made the transition strangely to e-book readers. i think that would be a useful thing. and they're in a position to do that. when i talked to jeff, he said i'm on it, but i haven't seen that happen yet. >> i would assume that he's read or will read your op-ed, and we would love to have him on to talk about this particular situation. >> and it's very positive about amazon and what they have done, but also, you know, right now it's just not useful to anybody what's going on, and certainly
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to writers where, you know, writers depend on the back list. if he try to buy a back list book, you're told it takes four, five weeks to get the books, that's unconscionable in my opinion. there's a lot of things. why attack authors? i can obviously withstand the storm, but for a lot of authors -- >> it has a chilling effect. >> we don't want publishers put out of business. right now they spend a lot of money developing authors, finding authors, giving out advances so people can write important works, and if publishers have no -- if there's no profit for the publisher, they can't do that. >> well, thank you so much, mr. patterson for joining us. >> you're welcome. >> keep us up to date. >> i hope. i would be interested to hear what mr. bezos has to say. >> he's up there in seattle. thanks. >> i will.
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i'll call him after the show. thanks a million. ty, up to you. thank you, alibaba under fire for a littledly making it possible or easing the way for counter counter did the bosch markazi is president of the anticounterfeiting collision. bob, welcome. good to have you with us. >> thing you. >> what would you like to see them do that they're not doing or not doing enough of? >> i think recently we signed an agreement with ali baba and put together a program of over 20 significant brands to effectively take down listings that are selling counterfeit goods. i would like to see them expand those programs, and widen the net. >> what does alibaba do now to ensure that the gucci back or
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shoes that they are selling is actually a branded legitimate item? >> i think it needs to be working together, they're not experts on the counterfeiting. and that's why the program we have is very successful, because we combine assets and expertise to take these infringing listings down. >> it's alibaba, and at the present time aobao, one of their services. are they receptive to you? do you think they are acting in good faith? >> i think they are acting in good faith with respect to working with the international counterfeiting council. >> the once that work through us would say the program has been very fickive.
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>> maybe this is an ill-chosen word, but are they the principal target in the sail of counterfeit goods online? or are there others? for example, how do you know really that somebody you buy on -- i don't want to name names, is legit or not? are there others bhokd be perceived as culpable in this? >> i think, tyler, on a broad are scale, it's a massive problem on a global scale across the internet, across various platforms and taobao, alibaba, it's a microcosm of a bigger problem. the chinese copycat culture, combined with the insatiable american consumers looking for a bargain, creates a perfect storm. >> i infer from what you just said that alibaba is a main focus, not that they're the only ones doing it, but because of their domicile, because of their
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scale, they're the ones you're most worried about? >> we're worried about all of them, and alibaba i believe has about 800 million listings on their site, about 500 million users. so proporesately it's a significant problem. >> thank you very much. i appreciate it. sue, down to you. ty, you know this better than i do. five seconds is how long your eyes are off the road if you read or send a tects while driving. technology is at the root of the problem, but could it also be the solution? ty has the story. every day in america, nine people are killed in automobile accidents related to distracted driving. when "power lunch" returns, we'll meet two company that is have devices that april to stop that. so ally bank really has no hidden fees on savings accounts?
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people are killed article more than 1100 injured in accident caused by distracted driver. this let the department of transportation to launch the first-ever national ad campaign to race awareness earlier this year. >> how many letters. >> think about what i'm doing right now? >> slow. >> slow. this is so --. technology is at the root of the problem. could it also be the solution? two companies are betting on it. i met up with kevin coppelino at cell control and olin vander leaden at aegis mobility. kevin, welcome.
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there. when i start driving. like at that. the phone went to blank. >> we developed a platform which allows you to set policy for your drivers, and you reach so many miles an hour, the phone will come up with the safe mode, and it's all done about the device, solar powered on the dashboard. >> like a hang tag to go through a tollgate and it communicates with the phone via bluetooth? >> and when the vehicle came to a stop, the screen released. how does your device work? >> this is a software only, it uses the gps to detect when you're driving. once you start driving after about seven to ten seconds, it will lock it down. at that point it's preventing
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all calls. >> there, did you see that? is curtain came down and now i'm blocked from making a phone call, receiving a text or anything? >> correct. there are in features that parnts can allow. >> so the administrator sets the policy on it. i've come to a stop. >> now you'll see that -- in a couple seconds after stopping. >> be patient. a watched pot never boils, as the saying goes. it says passenger, and drive. >> now you have full access. >> i have access to nigh twice, but el can go back and complete my cell phone call. so, guys, both of these solutions are programmable by an administrator, so you can choose what you allow. >> the policy that the parent or
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administrator sets can be done at their discretion, and we allow the technology monitor from there. >> and it can allow text -- >> we never allow text messages, but calls, you can decide whether to allow hands-free calls. >> if i need an emergency call, can i do that? >> they're always permissible. >> 911, and you can white list through the portal. >> for consumers -- we base it on the volume, but the consumers with the device for the wish and service for the family comes in at about $129. >> it's an application you're going to bring to the market in a novel way through the state of iowa. >> we're permitted to market with the state of iowa, who will make that application free to young drivers 17 and understand. >> i with kell imagine insurance companies are going to love this, and they're going to see the phone-only application, or in your case the solar device as
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a way to get people to drive more safely, you have this device, we'll get it to you or if you have it we'll discount your premium. there's a definite any benefit. also you get feedback and stimulate the conversation in the family about safe driving. >> i can have a report on where that car went. >> and in our application as well, e-hurricanes has signed up e-insurance, and having that reporting. thank you both very many. >> you're welcome. >> thank you. so our question for you, the viewers, should new cars come equipped with the technology that prevents distracted driving. the voting has begun. at cnbc.com/vote. i should note i was driving in a control environment -- the considerable nbc parking lot, so i get it's -- so vote whether
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you think a new car should come equipped. >> a determined individual who is good at hacking can disable this, but the truth of the matter is it's one way to make sure that your child, you've got three and you've got a couple, is doing what they should be doing. >> mine aren't anywhere near to driving age, but when they were, i would put this in immediately. they come from a texting generation. i didn't. so, you know, in my car i can just say call home and it calls home for me. >> it is basically a dead heat there. 49% say yes. wee seal where the technology
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built for business. the irrepressible dominic chu, who is so excited. >> i'm always excited. i'm always excited. >> power rundown time. federal judge ruling ncaa has to allow universities to offer payment for player likeness when's their jerseys are sold or when they appear in video games, so on and so forth. morgan, good idea? >> i think it's a fair idea. the main thing is they get to control their likenesses, and where they're send out to, and any moan they would make would be capped, and i like that point. >> it's capped at no less than $5,000, and you don't get it until you at least december. >> it's trust. you don't get paid as a college athlete, but you get the benefits after it happens. the part that's interesting, it
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may open up this bidding process, if you will for colleges who say, i will give you more of a percentage payment in your trust if you come play for me at this school, so the whole secondary market bidding for players gets into effect possibly. >> it's going to get gnarly, but i believe they deserve to get something for their likeness. new york wants to get into -- what does it mean for atlantic city? >> and i expect to be back there sometime soon, because we have some reports two words on this story -- casino saturation. we've seen it throughout the northeast, in atlantic city, potential in new york state, where all these states that used to send their gamblers to atlantic city, have now made gambling legal, and the idea
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there is to increase revenue, by doing so, they've actuallien cannibalizing and it's a vice, and it's sort of a zero-come game. this market, the market share has not been growing alongside it. >> i wouldn't call it a zero-sum game, but i could say there's saturation. i live in connecticut home to two -- and i was at the beach just yesterday when airplanes were painting the sky, come play as mohegan sun. rory mcelroy, third straight tournament, what happened is, a camera caught him typing his password into his phone. had el had to scramble to change it. >> it was his birthday. he made up for it. he saved the trophy from taking
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a spill. the president let go of the trophy, and where he caught it. rory unflappable in golf, also saved the trophy and yes, he's going to change his password. >> never key in your passwords when you're live on television. >> you know, this is a big lesson learned. it makes fingerprint ids and eye scans that much more appealing. >> thanks very much. what's coming up on "street signs"? >> the start of the week. market, facebook and more, but also we ask the question -- is working from home just not work? and the biggest list of wine makers at the heart of a bidding battle. the story is courtesy of my homeland. make sure you join us for "street signs." "power lunch" is back after this.
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aimed at tablets was delayed by six months. cisco and ge all doing well. >> and a look at a window washing near-disaster. those individuals have been rescued from a high rise in manhattan. thank goodness they're all okay. that will do it for "power lunch." >> "street signs" begins right now. investors in one big stock making a forting on a deal. we're going to try to spot the next one. and plus what facebook may be doing to tick off its users now, and a stories of lies and cover-up that may end everybody's dreams -- let them work from home. we could never do that. we could absolutely never do that. remember, brian, there was a time when we took the teflon
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