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tv   Street Signs  CNBC  September 12, 2014 2:00pm-3:01pm EDT

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which stock is it? put the odds in your favor? options action at 5:00 eastern. call it the great government shake down. you will not believe what the feds tried to do to yahoo. from the fed to scotland we set you up for the huge week that is coming, perhaps the real reason more people are not working and one ski resort rescues another while fracking saves a football team. we have really been losing
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steam here on afternoon trade. i was closely watching the nasdaq at one point to see whether or not it could hold its gains. it does not look like it will reach that honor of being the longest winning streak since the first six weeks of 2013. to the dow and s&p firmly in the red and looking fairly certain they are losing weak. let's get to bob on the floor of the new york stock exchange. it has been kind of hard to retain momentum after record highs of last week. now we are sliding into the weekend. is there any particular news or is this just sliding into the weekend? >> we had rates and commodity deflation. the ten year this morning interest rates moved up because retail sales and rescissions earlier were upgraded positively. we are sitting at 2.6%. number two, commodity deflation down again today.
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look at aluminum just went positive. a lot of the base metals have been weak recently. a lot of this is the dollar. when the dollar is strong like it is today you get problems with commodities. look at the dollar index against a number of currencies. i would be a lot more happy if this would stabilize. next week big week. we have the fed, scottish referendum. that means a lot of gyrations. this could be volatile for at least another week. they sold off the shale stocks. some of this stuff is down double digits. if the dollar would just stabilize and oil would stabilize. alibaba, have you been watching chinese internet stocks this week. 500.com, 21 via net. somebody is out selling the names. could it be they are going to buy something next week? i think that is a reasonable
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conclusion. as bob said this week dominated really by apple, next week, though, dominated by pretty much everything else. the feds have a big meeting wednesday. scotland's independence votes on thursday and huge data on manufacturing and housing. chief market strategist at russell investments and vice chairman and portfolio manager also with us. of the things we just mentioned or maybe something else what is and what should be the most important to our viewers? >> the federal reserve. european central bank will have to get busy quickly. i think that is coming. they are taking care of the bold work and foundational elements of that and pay attention to what the federal reserve says. keep your eye on the ball. >> how much of that is priced into the market here especially with the speculation of steve earlier in the week raised about the considerable timeframe. you have interest rates high and it feels like the market is
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readjusted for this. >> which takes pressure off the fed to do anything they don't want to do. the fed will have the debate removing the language and want to do that because they want to give themselves as much flexibility as possible going into 2015. and the regime of quantitative easing, emergency measures and dealing with the economy in an aggressive way and moving back to a more normal regime. >> do you agree that the fed is the story next week? >> the fed is half the story. there have been two big buyers of bonds. both are slowing. the chinese economy is slowing, growth in china is slowing. i might argue it will slow more than people think. when the two big buyers of bonds stop buying we will have interest rates go up. interest rates are the gravitational force on stocks. >> i am glad you raised the issue of china and the alibaba
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ipo which i understand you are saying avoid at all costs. >> absolutely. i think we will say the alibaba deal will be a mark in the high water of china expectations. fundamentally the chinese do not have a reputation of allowing to make a lot of money. there are horror stories about the government taking mcdonald's away from them. we don't think shareholders will get the kind of protections that they deserve and frankly i think this is going to be a high water mark in terms of expectations for china. >> big tax break effectively with gas prices going down. why aren't we seeing ratchets up to gdp expectations and the stock market? >> we had one earlier this week. >> if you look at the 12 month number first quarter was really bad. i am from green bay. that was a cold winter. so the annual number is probably
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closer to 3 which is part of the c plus and b minus economy, good, not great. we are seeing some of the support in the consumer but this disinflationary pressure we are seeing with the stronger dollar i think takes the pressure off of the fed. i don't think they are going to be forced into it. i think the run way is longer on rates than we might have expected. >> if we look ahead at the fed what do you want to hear? what do you not want to hear? what is terrible? >> i think there is almost no chance of them saying we are increasing rates anytime soon. this is all about how much longer we are going to keep rates at these historically low rates of zero. as the economy is getting better and it is getter better gdp numbers are better we will have a return to normal interest rates. that means something like 100 or 200 basis points going up. that is going to happen i think
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sooner rather than later. >> i want to finish on emerging markets. short term interest will likely go up. i see you are neutral on emerging markets. not negative. >> we have upgraded to neutral. emerging markets almost doesn't have meaning. it depends on where you want to be and what your timeframe is. >> what about you, charlie? >> i think weaker markets hurt more by increasing rates. junk bond market gets hit harder. the weaker emerging markets will get hit harder. >> brazil, turkey and indonesia down. >> greece upgraded today. ireland is also up in the last month. >> greece isn't really an emerging market. >> it has been a submerging market. almost a frontier market at this
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point. another big thing the world will be watching next week, scotland. voters head to the polls to vote on whether to break from the union they have been a part of for over 300 years. let's bring in our chief correspondent. going to come down to the numbers but ahead of that so many big voices are weighing in including larry this morning on cnbc. >> he appeared and was asked about scotland and what he thinks the scots should do. he says they should vote no. take a listen. >> it would be a grave mistake for scotland to leave the united kingdom as people see what is really involved with a scottish independence and the very grave consequences that would follow they will cast a vote for the future. >> we got two new polls today
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which show that the noes to independence have a slight lead that is an improvement to what we saw last week. however, when you look at the undecideds it becomes too close to call. 6% undecided or 17% undecided depending on which poll. so on thursday we will see huge turnout, by the way, 97% of the country has registered to vote. >> that is almost unheard of. >> and more than 80% turnout expected. we think the lines will be long. people have started to vote by mail. we will find out friday morning what the votes are. >> what happens if they go? >> that is the great uncertainty. >> what is the timeframe? >> built within the campaign is the idea that there is an 18-month negotiating period about the separation. in the immediate after math you have to wonder will the bank of england step forward and say for the next 18 months we are the
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lender of last resort so you don't have concerns about whether or not there is stability in the banking system. that is one of the immediate things. >> scotland owes some of that money. >> it is believed that the united kingdom would do fine or negotiate some kind of money out of scotland to pay whatever their equivalent would be of gdp but those would have to be negotiated. the yes campaign hasn't been very clear or articulate about the currency situation. >> says you are using -- >> it is not up to england. any country can use whatever currency they want. >> maybe australia will use the u.s. dollar, as well. >> thank you so much. how should you trade the scotland vote? be sure to catch options actions tonight for your scottish vote
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play book. >> is it true that scrooge mcduck is phoning in? >> he is giving picks. big government bullying, yahoo into handing over data or paying fines. how fracking might have saved the buffalo bills. and the right to yelp. a new law that forbids online critics. we will debate that hot controversial topic when we return. opportunities aren't always obvious. sometimes they just drop in. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances.
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preorders for the new iphone 6 begin today and demand is very strong at least according to apple. available supplies stretched and that means customers may have to wait three to four weeks to get the new phones. verizon wireless, at&t and sprint are showing shipment delays of up to six weeks on their website. >> demand is hot. i think that it is going to hurt. i think the iphone 6 plus is going to hurt the ipad. i think it is just -- >> why would you want a bigger screen and an ipad? get rid of the ipad and get a bigger screen. >> unless your kids' school forces them to buy a tablet. >> just going to cannibalize its own products. your outrage of the day award to the federal government. new documents show in 2008 the
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feds threatened to fine yahoo $250,000 a day if it refused to hand over data to the national security agency. the story has generated outrage across the country. it is one thing to protect america and another thing to look like you are shaking down a corporation. >> ever since edward snowden released documents revealing this program in which the united states government is getting data from technology companies a whole fire storm. we are learning a lot more information about this behind the scenes intelligence battle. it all dates back to 2007 when congress passed what they call the protect america act in 2007 that said the government didn't require individual warrants in order to get access to e-mail data. the government then as soon as that act passed secretly asked yahoo for e-mails related to
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foreign people that they were targeting for surveillance. yahoo in response all of this entirely secret at the time sued the government saying the request violated the fourth amendment and the appeals court ultimately sided here with the government in 2008 forcing yahoo to comply. as you say, at one point during the battle never seen by americans yahoo says government threatened to fine it $250,000 a day if it didn't start to comply. that is why yahoo said it didn't begin to turn over data the government was looking for. >> which essentially amounts to bullying. do we know what other companies were perhaps bullied like this? >> we don't know that threats like that were made from other companies but we know a number of other technology companies ultimately did participate in the prism program turning over data on some of the targets that the u.s. government was looking
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for. what the government says about this, guys, is that this whole legal battle shows that there was due process behind the scenes that the legal issues were hashed out and the request was legal and compliance by yahoo was legal and say they need to get the data in order to spy on those people overseas. that is the rationale for all of this stuff. >> big revelations. thank you very much. this week california passed a law that forbids businesses from punishing negative online reviewers. is this fair to businesses? could we see more states adopt this kind of law? let's bring in dominic romano. great to have you with us. dominic first of all, do you think, first of all, that this is adopted by other states? >> very much so. california today i think we will see movement in the feds and the congressman has come out. california has taken the lead on this and gets five stars for
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protecting consumer free speech. >> is it free speech or just protecting the haters? >> i think the congressman said it right when he said it is unamerican to prevent free speech. so you are talking about on one hand there is consumer free speech. amazon was on the forefront. consumers can make informed decisions about choices, products and services. on the other hand we are seeing freezing of speech before it begins by having these nondisparagement clauses. >> all speech is not free. we have a law called libel. shouldn't restaurants and businesses be able to protect themselves from somebody making stuff up? >> we also have this thing in america which is we don't like to interfere between the private contractual relationship between two parties unless there is a
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compelling reason. there is no reason. if you believe this business model then businesses which are bad businesses and engage in this kind of behavior where they try to penalize their customers are going to be flagged by the very system, yelp, trip adviser, they will be flagged as that kind of business and you won't want to go to them. we are early in the consumer-driven analysis economy. the market will solve the problem by letting people know you don't want to go to that hotel because they will try to take $250 off your credit card. >> i heard you trying to say you disagree. >> completely. this is not about getting people a license to write what they want. you can't agree in an unequal bargaining position as a consumer to waive away your rights that you can't honestly
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speak your mind about your experience. that is what this is about. >> unequal bargaining position i would argue that the consumer has more power in that transaction. i would assume you mean the business would. just don't go to that business that does this. >> the advice for businesses, focus on providing better services. >> you own a restaurant and i own a restaurant across the street and i start creating fake aliases on yelp. >> this law will not allow for that. that is completely something else. that is spreading falsities. that is malicious. >> how do you then prove it is a falsity unless you can identify who put it up there and identify their motives. >> that is my point. >> this has nothing to do with that. this is a law aimed at
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preventing companies from contracting with legitimate users that they will not give their honest feedback. it has nothing to do with people engaging in nufarrious falsities. >> successful companies will not do this over the long term because you will go to a hotel or use a restaurant and go on yelp and say these guys will go after us if we say something bad. i'm not going to go to that restaurant. i'm not going to go to the hotel. >> what is your objection? this does not compute here. this is like a soviet era bullying tactic that these companies are using. allow the consumer to speak their mind. there are other remedies if the consumer is engaging in fraud. this is about people's honest experiences. let the public talk. >> this is a solution in search of a problem. >> good way of putting it.
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a solution in search of a problem. really great debate and something that everyone out there has a view on. stirred up a little controversy. >> i don't disagree with dominic's position, as well. france won a case where they sued -- a hotel sued a blogger and won a fine for bad google review. you don't want to put the financial penalty in there. i don't know how you would know who it was when a lotpseudonyms i wonder if the law will end up being moot. everybody will go under a fake name. the restaurant indicator, what our nation's food joints are telling us about the state of the u.s. consumer. >> radio shack on the brink. is there a white knight that may
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there has been much discussion about why so few americans are working or in the labor force. a new report by the brookings
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institution says the biggest reason may come down to one thing, age. the findings of a group of economists who wrote the paper doesn't downgrade the role. it indicates that structural factors like demographics and aging population seem to be the biggest reason labor force participation rates are lowest since the 1970s. the bad news here is if the economists are correct it indicates if the economy gets better the job market may not until demographics skew. the paper is on the brooks institution website. it is long but worth the read. >> any possibility of that happening? japan sells more adult diapers than baby diapers. >> in 20 years it will. the bubble that is the baby boomers, once they move on to greener pastures or whatever
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might be it will get younger. there is hope long term. >> long term. okay. good. long term hope here. the sign that things may be getting better for the consumer now but maybe not for the waist line restaurant sales on the rebound. here to weigh in is restaurant analyst pretty bullish on the groups and naming names. why are things getting so much better for the restaurant industry? what has changed? is it like unlimited pasta for several weeks? >> that is too easy. there is no simple secrets. >> i knew there was a catch. >> if we look at the last three months it has been extremely volatile as far as consumer spending and use of restaurants. june fell dramatically and july was worse and we saw a dramatic improvement in august. i think a number of factors played into that, the fact that
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we had weather issues year over year which dampened, no pun, dampened use of restaurants this summer versus last. clearly the improving economics situation, gas prices softened in august. a number of things came together that really stirred a strong punctuation in restaurant sales. we were pretty impressed. the potential here, there is always hope is not a four letter word. there is potential we could see an improving trend that goes through next summer given how relatively soft the trends were last year all the way through summer time. >> every ad i see is somebody trying something new. we will have this, a fourth meal and give you unlimited whatever it might be. restaurants appear at least from a consumer perspective to seem a bit desperate. there could be the pricing race to the bottom where margins get crushed. >> you raised a good point.
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when i was on last we actually criticized a major restaurant company for doing essentially that kind of thing which we viewed all you can eat appetizer promotion, our concern is when you do things like that you give food away and drive sales but hurt your margin. there is a great example of a strategy that actually worked really well for that company. i think they have clearly seen an improving trend through the course of the summer, not for just sales but also pretty good further margins. >> the unlimited pasta reference that i made early on in the interview was to olive garden. about a 300 page slide with all kinds of recommendations like go easy on the bread sticks and spinning off the capital grill, they believe could get back to $86 a share. do you think that is possible, bob? >> you know, listen, anything is
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possible. you used the right term there. i would tell you that again there is a lot of hope in management's plan and star board's plan. neither one has any secret sauce, per se. it is not a matter of just the number of bread sticks or how much salt is in the water when you make pasta. this is a business that is all about details. if you get enough of the details of the business right consumers recognize that and use the restaurant. there are systemic issues for the industry especially for casual dining restaurants which i think the potential is if you can find brands that attract boomers as well as the millennial generation that is 140 million potential users as opposed to just boomers which is half of that. the other thing that i think is important to note is you were talking about demographic trends a few minutes ago. if you look at the teen unemployment it is down 300
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basis points versus last year. that brings a lot of users into the restaurants potentially. is darden connecting with those at olive garden? i think if you find brands that connect with the broader user base you have the potential to have pretty good sales. >> chili's is doing well. we will get you back on soon to talk about it. thank you very much. >> my pleasure. one wall street firm is salivating over steaks today. how fracking may have just helped save the buffalo bills or at least the buffalo part. we will explain when "street signs" returns. how much it has to offer, especially if you're thinking of moving an old 401(k) to a fidelity ira. it gives you a wide range of investment options... and the free help you need to make sure your investments fit your goals -- and what you're really investing for.
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that corporate trial by fire when every slacker gets his due. and yet, there's someone around the office who hasn't had a
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performance review in a while. someone whose poor performance is slowing down the entire organization. i'm looking at you phone company dsl. go to comcastbusiness.com/ checkyourspeed. if we can't offer faster speeds or save you money we'll give you $150. comcast business built for business. tgi friday. let's take a look at what stocks are making headlines. analyst recommendations a little thing we know as street talk. sprint getting an upgrade.
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>> seem to be helping. stocks up 6%. they say that management and network changes make this a multi-year investment opportunity. they have $8 targets. next is credit sweep on pharmaceuticals. >> the analyst says the buyout unlikely. target 139 even with the drop we are seeing now. stock number three to outperform. this could have been under the radar name. it is not a name we talk about very much. >> it could have been. i thought my little finger from "game of thrones." this is the chicago based electronics manufacturing. target at 107. the stock is at 93.54 about $5 per share of earnings. now to the most mouth
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watering the steak one texas roadhouse. >> based where? >> texas. >> kentucky. why not kentucky roadhouse? >> texas has a steak theme to it. a lot of cattle to it. a steakhouse chain. still grabbing the eyes of long bow research. they say sales and their target on texas roadhouse is 35 and the stock is at 37. not nice seen by many for radio shack and stock is down again today after it warned that yesterday it might be forced to consider bankruptcy protection or liquidation. can radio shack be saved? joining us now ceo of sierra constellation partners. they have 27,000 employees and
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5,000 stores. i don't think anybody is rooting against radio shack. how dire is the reality of the circumstance. >> if they are talking about bankruptcy that means it is dire. it is certainly approaching that. >> do you think that -- i know you don't believe in white knight scenario. someone comes in and picks apart the pieces that they want and throws away the others? >> i think it is more likely to do that than to have the white knight save the day. the obvious thing is a lot of people know about radio shack. most americans have heard of the brand. as a result there is value there. i think someone will pick up the good pieces. i don't think it will be what it looks like right now. >> the problem is they don't own their stores. there is not a lot of real estate value there. let's say they hire you. you come in and have autonomy. what are the one or two things you would try to do?
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>> you have to focus on what is actually working? i imagine a company with this size and scale they have to have components they are working. maybe it is a web presence. you focus on those things and pair off the things that aren't working. >> i hate to start thinking about this. this is what we do, unfortunately. who benefits. who wins have radio shack -- >> there is not an obvious one. the fact of the matter is the major competitors are not wringing their hands about what is wrong with radio shack right now. i think they have beaten them. as a result you are talking about the ancillary people whether other retailers that pick up land leases or other people that could pick up employees. it is really down the line users. >> there was a capital markets analyst suggesting best buy could benefit. i wonder about that because the product cross over is not very big. radio shack was trying to become
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a cell phone store. you are not only competing against best buy. have a good weekend. thank you. president obama stepping up the offensive against isis. scotland could leave the uk plus russia and ukraine are still in the background. gold and oil keep falling. what is going on? and attention park city ski fans. your season, your resort may be saved. we will speak with the buyer who is keeping the lifts running. so, your site gave me this "credit report card" thing. can i get my experian credit report... like, the one the bank sees. sheesh, i feel like i'm being interrogated over here. she's onto us. dump her. (phone ringing) ...hello? oh, man. that never gets old. no it does not. not all credit report sites are equal. experian.com members get personalized help and an experian credit report. join now at experian.com with enrollment in experian credit tracker sm.
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gold feeling a little tarnished these days. king dollar's longest winning streak since 1997 taking toll on prices. over the week gold dropped pulling down other precious metals such as platinum. joining us now from chicago jim urio. looks like the u.s. dollar and gold are anticipating higher rates. >> no doubt about it. the whole story here is the fed versus the ecb. ecb being so accommodative and
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the market believing the fed will stop somewhat back. we are in a sweet spot where the fed buying $25 billion of bonds and keeping short term rates near 0 is pretty darn accommodative and wildly dovish. it seems almost hawkest compared to ecb. we have rallies knocking down gold prices and oil, as well. >> an excellent book called "gold." the title pretty much sums up what the book is about. it talks about why gold goes up and down. his conclusion, jim, is that it is not really inflation. it is not really war. it is currency instability. >> remember when we started this big collapse in gold japan started and all of a sudden they knock the heck out of the yen and everybody realized the dollar is great and they flock to the dollar.
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i do believe that there could be a potential global headline that might bring attention back to gold. it seems in that respect we are almost numb to these current headlines. >> what levels are we looking at for gold over the next week? >> i actually think the euro could bounce a little bit going into our fed meeting. i think over time the euro is going down to the 120 area. i think gold will continue lower, too. 1,200 is my first level and then we decide. that is only $30 away. >> we are dumb. >> why are we dumb? >> we just had a restaurant segment. you own a restaurant. >> i am a restauranteur. let's do it right now. let's re-do the restaurant segment. >> when are you coming out with your seven week long unlimited steak and mussels dish. >> so far i don't need to because people are lining out the door to buy hamburgers and
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ribs. >> mandy has unlimited muscles here on the set. >> restauranteur extraordinary, thank you. park city just got a new lease on life. buying it for $182 million. our own jane wells is here with the story. >> i cannot unsee that. thank you. as the number of skiers by some reports have plateaued perhaps important through growth with real estate. look at this chart. the opposite of down hill. it has hit an all time high after buying out pc. vale has leased the top of the mountains and the canyons resort next door. a 50 year lease which can be
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renewed for three centuries. the deal ends months of contentious litigation and saves the park city economy. joining us now is rob cats back on the ground from brazil. thanks for joining us. >> lovely to be here, jane. >> you know, it's a lot of money to me. $182.5 million and this $25 million a year lease. how much do you think you can make on that place? >> we already announced that we thought that the acquisition of park city could add $35 million this year. the big opportunity is two fold. we get to put park city on the epic pass. the pass includes beaver creek, breckenridge and resorts in tahoe. we saw 400,000 passes and this is a big deal to our skiers and riders. we can put the canyons and pcmr
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together and will work with the community to come up with a good plan for them. that creates a resort with 7,000 skiable acres bigger than vale. >> this was a really contentious lawsuit between people at the top of the mountain and those at the bottom. i was hearing mediation was not going anywhere. what finally turned the deal around? how much more did you have to give than you wanted? >> in any lawsuit there is a lot of back and forth and press releases. in the background both sides were working hard in good faith to try to get this resolved. we finally got to a deal and i think it is great for the community, provides real stability to the employees and everybody who lives there. >> you have to keep everybody in their current job. what outreach are you doing in the community? you are a big company. you are coming in and some people there are a little concerned about what you are
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going to do to park city. >> our number one focus was stability and removing uncertainty for the community. that is what i am most pleased about for today. we have been in the community for a year with our purchase of the canyons last year. we have been working with the community and having meetings. we are new and will be establishing new relationships and listening to what everybody in the community thinks is most important for park city. >> why not buy out the top so you own the whole thing and you won't be leasing part of it? >> that is more of a financing transaction. the transaction itself goes on our balance sheet as debt very similar to if we had purchased it. that is really a transaction and we were happy to accommodate it. >> i think you have an epic pass. >> thanks for coming on. i love vail. i almost had the guts to go off lovers leap. i am 42 and a coward.
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next year maybe -- >> we will do it together. >> here is my question. i know the epic pass is a good deal. i have one. have you noticed the price point at which ski lift tickets will stop going up? have you said we can't charge more than x? it is mind blowingly expensive to go skiing as a family. >> one of the things we do, though, is provide numerous opportunities for people to get a great deal. the epic pass is obviously one of them because in five days it pays for your skiing for the whole year. we give huge advanced discounts and packages. it is true if you wait until the exact last minute and walk up to the window on christmas day the prices are high. we want to get people to buy through the other channels. >> is there a peak price, pun intended i guess. is it completely elastic $200 a day? >> we keep investing in the resort. we keep putting in new lifts and
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restaurants. and that to our guests is the most important piece. obviously vail is the most popular resort in the country. obviously people although there is the same day price that is high people feel like it is a good value. >> okay. enough okay. thank you very much, jane, rob and brian's two cent's worth, as well. fracking boom may be responsible for keeping the bills from moving to toronto. >> yes. an we're gong to explain that story. plus, each week on fridays, mandy and myself, reveal our stand-out stocks of the week. the mystery you have been waiting for all day. >> all day. literally. >> unveiled in a couple of minutes. (vo) rush hour around here
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well, there's really no comparison. why pay more for less? call today for a low price on speeds up to 150mbps. and find out more about our two-year price guarantee. comcast business. built for business. long suffering buffalo bills are used to calling their team something close to those fracking bills but now they can mean it. the owner made a fortune in drilling. here to weigh in on the significance of this, president of haro sports ventures. rick, $1.4 billion. good news for the people of buffalo. the question is, did the owners overpay in. >> nobody ever overpays for a nfl or that matter balmer in the
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nba. 10.6% unemployment 5 years ago. 6.5% today. terry owns the buffalo bills and the sabres, as well. you got a guy that has significant resources in the family committed to keeping the team in town. remembering the legacies of jim kelly. o.j. simpson, as well. wide right scott norwood. this is the fracker that saved the buffalo bills. >> oh. >> does the sale to the fracker as you put him actually guarantee that they're going to stay put there? >> no. clearly not. no. there's no guarantee in life but depends on stadiums and $935 million have of the bills according to forbes is not gospel but that's a measuring stick. $1.4 billion paid here and the average nfl franchise is 1.7 billion with the tv dollars but also the stadium.
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so ironically and not surprisingly, the chargers, the rams, the raiders are all looking for new stadium deals and they're low on the nfl value totem pole. >> hey, hey, hey. talking to a chargers fn. >> nothing to do with the fact they blew the lead against arizona last week but low on the value pole. >> wow! >> i made an objective comment. don't talk about the chargers. they need a new stadium, as well. >> poor scott norwood. here's the numbers, scott. buffalo bills record the last ten years. why should they get a new stadium? >> well put. because everybody needs a new stadium as far as economic impact and also if they're going to be competitive, you need the revenue that is generate to do that. i was involved in stadium stuff for the nfl and did 24 of them and the bottom line is you can complain or debate whether or not public money should be available for all of this but
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the history says that most of the teams have gotten the deals and become competitive as a consequence. >> if you're the guy to help teams get new stadiums, will you help them? >> well, i'm not sure because i'm now retired in the journalism business and working with you guys and everybody else. the bottom line is buffalo is one of the old afl franchises, significant history in western new york and i'm comfortable they're gong to get the deal. they have a renovation deal. one of the first with the rich family and rich stadium. ralph wilson is a hero. i know we want to bring this up in other context. roger goodell is able to protect the team in western new york previously and now not so sure. >> i think the chargers beat the seahawks this week, rick. on that, we'll end it. >> by the way, i love a quote. if i want to make some money i'll drill a gas well. wouldn't that be nice? >> literally money doesn't grow on trees but in the ground.
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time for the stocks. my stock of the week -- amazon down 5%, down 17% year to date. >> 17? >> yeah. a rare failure right now with the fire phone, mandy. >> mine is ebay. so much news this week. firstly, possible loser from the apple pay announcement and may eat into their paypal unit and today the ebay stock is higher. moving the market for the ads on the mobile app and speculation to spin off paypal and google could take a stake. oh. >> ebay and amazon. stocks of the week. more to do. see what happens with the markets. the last hour, folks, thank you for tuning in as always. go chargers i be the way. >> no hokies. >> thank you very much. you helped us last week. >> i did. >> "closing bell" is next.
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