tv Power Lunch CNBC October 24, 2014 1:00pm-2:01pm EDT
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best for the s&p in more than a year. heading into the weekend how do we think things will shape up? >> fort net. >> under the radar health care area. look at merk. >> sell bounce in amazon. "halftime" is over. "power lunch" and the second half of the trading day start right now. thank you very much. ebola in new york city. it arrived via a doctor who had been treating patients in west africa as we learn more about his case there are more questions. should he have ridden the subway? should he have been quarantined? we have full coverage in one minute. is jeff bezoes starting to feel a little bit of heat? the company's loss wider than wall street had expected. the stock down 7%. 27% year to date. we'll question that.
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watch out. euro stress tests out this weekend. information starting to trickle out. this could have a big market impact later today and into monday. first to sue at the nyse. >> as you mentioned we start with ebola coming to new york city. meg terrell is at bellevue hospital where the patient, dr. craig spencer, a doctor who returned from treating patients in africa is being cared for. we want you to weigh in. should rules be stricter for people coming into the u.s. who have had contact with ebola? you can go to cnbc.com/vote. >> reporter: hi, sue. we are just getting details from a news conference going on with mayor bill deblasio now. we learned dr. spencer is in stable condition and is talking on the cell phone. that is all we know about him right now. health officials are reemphasizing that there is little risk to new yorkers. out of an abundance of caution
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they are tracking everywhere dr. spencer went since he started to feel sluggish. yesterday morning he began to feel feverish. we know he road the subway on wednesday. health officials emphasizing people are not contagious unless they are feverish. mayor deblasio is stressing that the risk is very low for new yorkers. >> there is no cause for alarm. new yorkers need to understand the situation is being handled and handled well. there is no cause for every day new yorkers to be alarmed. >> reporter: really emphasizing that ebola does not spread like the flu. it is only through direct contact of bodily fluids of a patient. we have learned that nina pham, the first nurse diagnosed in dallas is being discharged from the national institute of health virus free. good news and everybody hopes this will turn out the same way for dr. spencer.
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>> absolutely. thank you very much. head of the ebola task force at stony brook hospital with us, one of the eight hospitals appointed as an ebola treatment hospital. nice to have you back. thanks for making time for us. before we get into hospital protocol i would like your thoughts and opinions on the way that this doctor handled his return from africa. he was working closely with ebola patients. this is the debate going on out there. is the responsibility there in the medical area by medical workers to self quarantine once they come back to their home country? what are your thoughts? >> i think that the case was handled very well. he self-identified immediately. he was triaged appropriately and taken to a hospital that is prepared to take care of him. i think it's really important to understand that the nurses that
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got infected were taking care of very, very sick ebola patients. these were patients that were dying. we have no evidence that you get ebola from passing by somebody who is at the very beginning of the infection. >> i guess that's my point, because this doctor was also taking care of patients who were extremely sick, who were dying. and there is debate about whether or not he did show fatigue symptoms before the fever started and at the same time took the new york subway and went bowling. he is being lauded by many in his community and medical community for being a hero. i think that is legitimate. he did go to the front lines in guinea. he is being taken out and people are taking exception in a big way to the fact that when he did feel fatigue he still road the subway and still went bowling. some are saying he should have his medical license pulled.
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what are your thoughts on that? i know it is two extremes but i would love your thoughts? >> i don't feel he has to have his medical license pulled. i think the protocols put in place capture this patient at the right time and there has been a lot of thought put into this, when the patients present and when the patients pose a risk for other people. i don't think anything went wrong in this case. >> has this case alterred your preparations? i know the cdc is constantly looking at recommendations for hospitals. has it changed the way you are prepping? are you expecting anymore cases now? >> stonybrook university hospital has put a task force in place in august long before the patient appeared in dallas. we are continuing to optimize and implement new cdc regulations. we are focusing on training our health care personnel. and we are well prepared to take
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care of these praatients. we have robust protocols in place. right now there is a lot of communication going on in the health care field. there are many task forces who try to share communications. >> have you had any communication with bellevue? can you maybe walk us through what you might know is going on with this patient? >> well, we have not had communication -- i haven't personally had communications about this patient with bellevue but there has been a statewide task force put in place to get all hospitals together to sort of coordinate their plans. among the hospitals that were identified to take care of ebola patients there have been more task force put in place. we have regular phone calls, exchange information with nebraska and emory and nih. we work as a team. we don't work against each other. we will share information as new information comes along. >> that is the good news.
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thank you, doctor. we appreciate you being with us again. we know you are very busy. thank you for your time. we asked you if the quarantine rules should be stricter for people who come to the u.s. after being in contact with ebola patients overseas. 81% of you said yes. only 19% said no. >> in addition to preparing new york area hospitals for ebola patients the city has also been distributing emergency kits to port authority workers and that includes new york area airports. that is the reason the phones have been ringing nonstop at one connecticut company. mark hertzburg is owner and president of medical warehouse which is one of the distributeers of high risk kits. how much have your sales increased over the last two weeks, last six weeks as a direct result of the ebola? >> we have had better than a ten fold increase in sales on this
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style kit in the last two weeks. >> and what is the nature of the style kit? what does it include? what does it cost? who is buying? >> it's actually being bought by many different facets of first responders, police, fire, ems. the kit includes basically an impervious gown, face masks, gloves and a wipe to decontam nate the hands. >> we have one of our staffers who has donned some of the protective gear, are these impermeable to the virus? i note that he is not wearing a hood which some people have said is required here, the area around his neck is open. does this make -- meet all of the protocols for high risk that
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the cdc would put out? >> well, this is designed to be carried on a person who might be doing his regular duties on a daily basis and be put on very quickly and protect him from any blood or body fluid exposure. even though it may not be that type of outfit that is worn when dealing with patients in a hospital it would be very quick to don inside the street. >> so this would be sort of a first responder's kid y. gather you were an emt at some point in your career. if you were called to respond to a possible case of ebola or another highly contagious infection, would you feel safe wearing this? or would you want something that was even more impermeable? >> i would feel pretty safe having this on for the initial contact with the patient.
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should i be encountered or have to transport a patient as they did last night that they were sure or relatively sure they had an ebola patient, i probably would go for something of a higher level of protection. >> what is the price of these garments that you sell? >> they vary slightly by what's in the kit but they run in the area of $5 to $7. >> very economical as a kind of early barrier to infectious contamination. thank you very much. >> you're welcome. >> you bet. we want to mention the first texas nurse to contract ebola has now been declared virus free. she contracted the disease while treating a patient, was air lifted a short time later to the national institutes of health in bethesda from which she is soon to be released. beyond worrying about ebola
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the new york city police department releasing this video of an attack on four officers by a man with a hatchet in queens yesterday. one officer was lightly wounded hit on the arm. another was critically injured hit in the head. the attacker shot and killed by other officers on the scene. a nearby citizen hit by a stray bullet. nbc news reports the attacker had social media account with a mass muslim warrior. >> those are those lone wolf incidents that we saw in canada and what we talked about in queens. then you have ebola and earnings misses. as we close out a volatile week what are you watching? >> much more nuance reaction to market on ebola, look at this today and as well as oil
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dropping. the market moved for several weeks now. the s&p 500 not far from highs of the day. it is notable to see we dropped slightly. we have been up throughout most of the day. the overall market may be breaking relationship with oil, production companies have been down today on oil. all the big names have been moving to the down side. i have been surprised oil companies are not talking about cutting production. not only saying we will cut production but talking about ramping up production. a lot of talk about keeping production levels from the big companies. a lot of parts of the market are much more stable including several big high beta ends, steel huge drops. nasdaq, bio tech. i believe that is historic high. i think we are right there all
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the way back. and the eem, emerging markets. that has stabilized in the 40s now and come back after being down in the 30s. speaking of emerging markets brazil had a terrible week. the elections will be this weekend. the incumbent appears to have a small lead over challengers. we will keep an eye on that. she is not the incumbent, the favorite for the markets right now. >> thank you, bob. sue, i'll send it to kate rogers at the nasdaq. what is up? >> we are pretty flat here up about 0.2% at the nasdaq. the story of the day, of course, amazon. they are down over 7.5% after the e commerce giant's big miss on thursday reporting a third quarter loss on five cents a share much wider than expected. revenue missed along with the holiday shopping forecast. tesla and google down about 1% each. the upside, the biggest mover on the nasdaq today, semi conductor
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maker up over 7% on news that it is going to raise $2.5 billion in a new debt to pay out special dividend to share holders. bio tech companies also leaders here with gillead sciences whose new just hit the market. alexion up 3% today. the nasdaq on track for its biggest weekly gain since january of 2013. >> thank you very much. oil falling again today. brent crude is down sharply down 10% in a month. there you see today's numbers. wti west texas falling, as well. there you see today's numbers down better than 1%. traders telling jackie that it is down over fears that ebola
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could well hit travel demand overall and overall demand for oil because of the rising dollar. two big market movers ahead. sarah will talk about the consumer but first to michelle on the stress in europe. >> a big weekend ahead for europe and european banks. stress test results come out on sunday. details are starting to leak right now. earnings have told us a lot about the american and global consumer. i will bring you key insights when "power lunch" returns. you, my friend are a master of diversification. who would have thought three cheese lasagna would go with chocolate cake and ceviche? the same guy who thought that small caps and bond funds would go with a merging markets. it's a masterpiece. thanks. clearly you are type e. you made it phil. welcome home. now what's our strategy with the fondue? diversifying your portfolio?
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welcome back to "power lunch." we are watching shares of deckers outdoor down at session lows off by nearly 6%. that stock down on the day. the foot wear designer reporting quarterly earnings and sales below but forecasted sales growth below so those shares down. they are the parent company of uggs. be sure to tune into "mad money" tonight where jim will talk about trends in the foot wear business. european markets edging lower ahead of bank stress tests. our chief international correspondent is here with notes. >> you will be here at 7:00 a.m. on sunday when numbers come out
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in europe. we find out about the quality of roughly 130 banks across europe, the quality of their assets and whether or not they raise more capital. a lot of banks got the news today at 11:00. as a result reuters is able to report 25 banks have failed and ten will need to raise capital. a lot of the banks it was the end of last year so authorities in europe told them you have time before we release the results to raise more capital. that is probably why there are still ten that need to raise capital at this point. the companies are greece, cyprus and portugal. are these stress tests going to be credible? the last couple of times europe has done this they have not been credible. the banks have not necessarily responded well or the stocks have not responded well. >> similar to but not as rigorous as the stress tests at
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the treasury or federal reserve. >> and how do they mark the assets on the banks? are they forcing them to mark them down or sell them so that way they get the stock off the balance sheet. that is the ultimate goal in europe. when it is contracting that is what hurts the economy. >> let's turn to another story i know you will be following and that is the run off election in brazil. the incumbent and the opposition candidate. where does it seem to be leaning? >> have you seen the brazilian market? we were concerned about volatility. it has been running up and down every day based on who is ahead of the polls. they see her as intervention and don't like her policies. whenever neves is up --
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>> it is up. >> he is more pro business. they are very, very close in the numbers. >> when will we get results? >> sunday evening or monday morning. >> thanks. great. meantime mcdonald's, coca-cola, proctor & gamble, colgate out with earnings this week. sarahizen is here with what the results say about the state of the consumer. >> in a word, challenging. you have heard that a lot this quarter. it really is a global story of the consumer. a lot of staple companies getting a chunk of sales outside of the united states. you get a sense of the world when you listenen to the conference calls. with slowing market growth in developed and developing regions, strong foreign exchange head winds and increased consumption taxes in japan and mexico that is pretty much the story. and here at home in the u.s.
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also a bit challenging for these companies. p&g met expectations but with overall sluggish sales. of the four big businesses only health care saw meaningful sales growth from last year. at colgate earnings fell 17% weighed down. kimberly-clark ceo earlier this week used the word volatile to describe the economic and markets environment. coke also disappointed on volume sales. we know what happened with mcdonald's, multiple quarters of falling sales. >> appreciate it. have a great weekend. stocks have been moving higher. the dow up for the fifth time. s&p on track for the best week since early 2013 while nasdaq having best gains since 2011. will concerns about a slow down in china and europe slow the rally? joining me now is hayes miller,
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multi asset. i know you like equities but you think valuations in the u.s. are not as attractive as they used to be? >> that is correct. you are getting what you pay for in the united states. we have become the global growth engine. you have to pay for that. we are finding attractive valueuations in europe. the growth prospects are different there. >> let's take a look at what you like specifically you mentioned europe there. and you like u.s. tech and some bio techs. there is potential in some areas of the u.s. market. but you have to be selective. >> absolutely. technology looks attractive to us for several different reasons. we are seeing a lot of dividend growth there. we see a lot of growth in general there. in addition it can be a significant beneficiary of a pickup in cap x. >> let me turn to you. we heard the european stress
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test that we had. talk to me about whether europe will be a drag on the u.s. market. i know you have given this some thought, and whether the u.s. market might turn more inwardly in terms of its focus. >> i think it will be a drag on the global market. we should expect gdp growth in europe to be around 1% or less and should expect to flirt with deflation. with the excess capacity that they have and the unemployment that they have it is very, very difficult for them to get it together and throw on top of that the politics that i think are going to be difficult to solve. that becomes a drag on 40% of s&p earnings that is generated outside of the united states. of course, the strength of the dollar which was actually sort of suspended against the euro for quite some time has kicked in relative to the euro and will make earnings more difficult. >> let's take a look at what you
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do like, which global areas you like. health care, information technology and telecos. >> i guess we agree with christina on the growth sectors because i think in a world where growth becomes scarce people start to bid up what growth is available to them. the story is kind of an interesting bit of a sleeper. it is tending to be thought of as a dividend play. everybody has been worried about dividends. we have gotten through the taper now without rising interest rates. with falling interest rates. the dividends don't look as though they will hurt too bad. the more interesting thing is that we are getting a lot of consolidation globally and the consolidation plays particularly within the teleco sector don't help the individual companies that consolidate. the sector gets pricing power and tends to benefit through
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time. i think that is the general idea there. it is a good value story with growth potential. >> we are a little short on time because there is a lot of news today. we will see you soon. stocks rising on better than expected earnings. take a look at the heat map of the dow. 22 of the 30 are higher. top gainers proctor & gamble. 3 m, goldman sachs, microsoft, pfizer among the big winners. the latest market action when "power lunch" returns. coming up, a caffeinated power pitch. college kids brewing up a new way to consume coffee. will the panel think it is concerns for an in or will they get roasted? stay tuned to vote live. are you in or are you out? get ready to start voting. (vo) you are a business pro. solver of the slice.
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brazil. year to date prices are up nearly 63% but today moving lower. the exchange traded note returned more than 60% since last january on shortage concerns. time for our power pitch. two northeastern university students pitch their startup called new grounds food. let's see if they can convince the panel and you to vote in on their big idea. go to cnbc.com/vote. let's watch. i'm johnny fayad and i'm ali. it started back in our freshman year at northeastern university. we were constantly running late and never had time to eat our breakfast and drink coffee. we thought why can't we eat our coffee. we created an all natural energy bar with a full cup of coffee.
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enough to keep you going. >> each bar has 12 wholesome ingredients. that means no additives, no preservatives, no nonsense. we have been spending the past year refining the logistics everything from the recipe to getting bars to your door. now we are ready to market coffee bars. we are launching coffee bar on kick starter where people can preorder right now. this is all to fund our first round of packaging. the designs are set. check them out and support us. >> you just heard the new grounds food kick. joining us from california is patrick chung, partner with nea and founding partner of the experiment fund. with us on set is lauren jupiter, co founder of xl foods.
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the team mentors startups. >> we have john moore, a coffee connoisseur with more than 20 years of experience from roasting to running espresso bars. he co founded nobletree. great to see you all. johnny, ali, you are in the hot seat. >> bar category is an extremely competitive category. there are a lot of energy bars and bars that have coffee in them. how do you intend to differentiate yourselves from other bars? >> the main way we are differentiating ourselves is we have real coffee in the bars. we use all natural ingredients. >> there are no other bars out there doing the same thing? >> no other bars are using purely fair trade coffee. >> i noticed you guys mentioned a full cup of fair trade coffee
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and a full shot of espresso. to me those are very different things. one is a very intense style extraction and the other is more of what we are used to as american consumers. i love the bar. i didn't taste as much coffee as i might want as a coffee person. which method are you using in your production? >> we use espresso beans in our mix to power the coffee bars. and with that that is kind of where we say the full shot of espresso but the equivalent of caffeine is equal to a cup of coffee. >> we are scalable in our measure. >> guys, i'm curious about your choice to use kick starter to raise funds. why did you decide to go that route? >> with kick starter we wanted to leverage the kick starter community to create a strong backing behind us.
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it is a great way to test and make sure people are interested in an edible form of coffee. >> building a food and beverage brand can be costly from a capital perspective and marketing perspective. what are your future fundraising plans? >> right now we are looking to raise $10,000 on kick starter which we succeeded for the packaging. and so the future goal is we are going to open up a series a round to help with future expansion into other channels. >> we all heard what johnny and ali had to say. we need to find out if we are in and out. this includes you cnbc viewer. just log on to cnbc.com/vote and tell us whether you are in or out. >> i really perked up when i saw this. this is a very frothy market and the company really needs to build the grounds to operate in the black by any beans necessary and that means to stay ahead of
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the competition. i love this product. this is like a safe pot brownie for busy parents. you have kids to feed and you don't have time to fire up the coffee maker. i'm in. >> i do think the energy bar category is quite crowded and without a real way to get to your consumers where they are sampling bars i think it will challenging so i'm out. >> i think the flavor profile is very accessible and easy for consumers to take on. as the coffee person specific yei can't jump into something that isn't going to taste like coffee. >> we have one in and two outs. i am going to throw a question to these guys because i know you were mentioning you're tweaking the flavoring a little bit. maybe this is something you can take on board, making it taste a bit more like coffee. >> the first trial run didn't go exactly as it was in the kitchen. the reason why we don't have it too much like coffee is that it
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is more wildly accessible to people who don't normally drink coffee to give them the healthy way to stay energized. for the future we hope to get it a little more accessible. >> thank you very much. thanks to those on our panel. so we are locking in the viewer vote right now. thank you for your vote, as well. that is today's power pitch. >> and three out of five of you say you are in. 41% say no i'm out. the vote is in. that's the result. and good luck to them. let's hope they succeed. let's go to see the bond market and see how it is doing with rick santelli who is tracking the action at the cme. >> well, this week isn't anywhere near as aggressive as last week. interday chart reveals a lot. we have had a pretty tight range. we haven't traded higher than yesterday's 227 yield close which, by the way, is the highest yield close since a week ago wednesday when intraday we
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dipped under 190. two day chart puts in perspective. we are hunkering down but at the upper end of the recent range. prime minister cameron has gotten wimpy with the european commission and doesn't want to write a $1.7 billion pound check to them. it is having a positive effect on the currency. look at the pound versus dollar first chart. you want to really monitor this because there are tempers flaring with regard to who pays what in the eurozone. back to you, sue. >> have a great weekend. a big miss for amazon's third quarter. shares of the online retail giant continuing to decline after disappointing results and falling about 27% this year. what do you think of the company's chief? the harvard business review thinks he is one of the best performing ceos in the world. go to cnbc.com/vote to join our conversation. "power lunch" returns in just a
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lunch." energy sector one of the worst performing. oil trading lower. energy stocks taking a hit. southwestern energy, range resources among the worst performing stocks so far in energy. certainly a sector to watch. back to you. >> absolutely. another stock to watch is amazon. a big miss for amazon's third quarter. shares continuing to decline after last night's results. josh lipton is in san francisco with some of the details on that with amazon now off 8%. >> reporter: well, sue, this is actually the fourth straight report that has sent amazon shares lower. the question is whether amazon's big shareholders are going to stand by ceo jeff bezos. we know what didn't work in the quarter. amazon missed profit and revenue estimates. bezos has had a clear vision for this company and how he judges amazon's success by market share
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and customers. if that comes at the expense of near term profitability then so be it. do the big shareholders continue to embrace that strategy? the big three, capital research and management, vanguard certainly a lot of investors are not sticking around. you see them slamming the sell button. according to forbes just today jeff bezos has lost $2 billion in today's trade. >> that is our amazon report. hang on because you will want to hear this. harvard business review ranked the top ceos and jeff bezos is number one. the top five david simon of the simon property group, david pia it t. do you agree? should jeff bezos be atop the
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list of best ceos in america? harvard business review editor, i want to correct myself. i believe the ranking was not just american ceos, but global, right? >> that's right. we include everybody from around the world. >> what was the basis of the ranking or the central basis of the ranking? >> sure. what makes our ranking different is we are very focused on the ceo's entire ten euur. for a ceo we look at the day they started as the ceo. we calculate their total return over their career and then we rank them. we rank them on three different measures to try to correct for different influences. >> measure number one and i guess the dominant one is total turn of the stock price. you would go back to the day it went public in i believe 1997. >> right. so we adjust shareholder returns for industry so if you happen to be in a hot industry you don't
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benefit from that. we adjust by country. if you are in a market that pops you don't benefit too much from that. we look at overall gain in market cap so that you are not benefitted if you happen to start out too small. >> anyway you look at it strongly stock driven mr. bezos likes and you have spoken to him, likes to think of amazon as retaining its sort of startup roots. that is maybe one reason why he ventures off into lots of different businesses, some with great successful results and some with not so much results. i think some critics of mr. bezos and the company would say he spends too much time investing the shareholder's money in personal projects and maybe not enough in operating the company for the ultimate goal which is a profit for the shareholders. >> right. we asked him specifically about the volatility in the stock. you don't expect to see a best
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performing ceo in the world and a stock down 27% this year. he is very -- he really does shrug off the stock volatility even though he has lost $2 billion personally because of the stock. he says we are focused on growth and focused on reinvestment even if it sacrifices quarterly profits and our stocks will be volatile like a startup. >> the stock volatility is one thing. profitability is quite another. >> right. and i would argue i don't think the market is as freaked out today because of the profit miss as they are because of the revenue miss. that is what we are not used to seeing. >> very quickly, role models, heroes among ceos are? >> he talked about warren buffett, jamie dimon, what was interesting is he described them as deep keeled. he likes ceos who stick to the mission and stay straight ahead even as they are buffetted by forces the same way amazon is
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today. >> thank you very much. we thank you very much. let's lock in the vote. should jeff bezos be number one on the harvard business review list. 22% say no and 76% said no. i wonder who they would choose. >> i don't know. they always give me this tease because they know it completely panics me. the count down to christmas is on. it is just 61 days away, believe it or not. we are going to focus on the big shipping companies gearing up for peak season. will they be able to deliver? here is how ups and fed ex are fairing now with the dow now up 85 points. you can see fed ex is up strongly and united parcel doing pretty well, too. "power lunch" is back in two minutes. sheila! you see this ball control?
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abercrombie getting a downgrade. goldman downgrader shares and saying they expect another disappointing quarter. those teen retailers down by anywhere from 2% to 7% on the day. >> thank you. we on the east coast some of us didn't get to see this. if you missed it, great time lapse video of last night's partial solar eclipse. the eclipse was visible in siberia and then moved east reaching north america just before sunset. we missed it because of all of that rain. >> it was very cloudy here. it looks like a piece of cheese. >> it is a big wheel of cheddar. shipping companies gearing up for the holiday season. christmas 61 days away. i bought sue's gift already. will they be able to deliver? morgan brennan has that story. >> this is the biggest topic on ups's earnings call and that is peak season and how the company plans to address that this year
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because we saw an unprecedented disaster with 2 million packages missing christmas after a last minute spike. two thirds of those were ups. 618,000 were fed ex. that is according to ship matrix resulting in higher costs, lower earnings. a lot is riding on these companies executing this season. ups ceo says his company's quote ready for the opportunities and challenges we expect to face this year thanks to $500 million in cap including full operating day on black friday and pop up mobile distribution villages. hiring 95,000 temp workers to handle it. fed ex hiring more workers, 50,000. it says 90% of the $1.2 billion fiscal year investments are centered around boosting capacity. both companies say they are
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working closely with retailers on delivery promotions and ups warning it may charge some customers more and even turn down business if there is another surge in late unplanned packages. for now the companies seem to be saying and doing the right things. both stocks are trading higher but we are going to have to see how they are trading on december 26. >> takes a mobile delivery village. stocks getting a lift from earnings. the market in positive territory for today and for the week. back to the trading action in two minutes time. a simple question:iprise ase in retirement, will you have enough money to live life on your terms? i sure hope so. with healthcare costs, who knows. umm... everyone has retirement questions. so ameriprise created the exclusive confident retirement approach. now you and your ameripise advisor.... can get the real answers you need.
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personally, i prefer a slow internet. there is something about the sweet meditative glow of a loading website. don't listen to the naysayer. switch to comcast business today and get 50 megabits per second for $89.95. comcast business. built for business. so let's get back to the markets. the dow is up 90 points. ben willis joins me here. this is kind of a rally that not a lot of people expected given the kind of cross currents that were in this market this week. >> i think the cross currents were flashes of fear but the trend has definitely been up. we are basically right back to where we were before the ebola headline hit yesterday. to me the trend is still to the upside with the volatility that will stay in place every time the central bank talks. we will see when our own fed
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speaks again. i think that will be the effect in the market place. the trend is up, buying dips and staying in place. it has been a great thing to do. last time i was on the show i said i want to buy them here. i think that the trend continues into the end of the year. and with opportunities in volatility to buy the dips. >> on that note have a great weekend. thank you. let's see what is coming up on "street signs." >> big rebound week for the markets. what about next week? we will bring you the good and the bad. we have a voice of reason and calm after the shooting in ottawa. the man responsible for canada's response to 9/11 and the former deputy prime minister joining us. i am very lucky to be joined by john fortt and rob frank. i don't know what you call it, all coming up top of the hour on "street signs." "power lunch" returns right after this break. the equipment tracking system will get you to the loading dock. ♪
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the 4:51 is leaving at 4:51. ♪ they cut the power. it'll fix itself. power's back on. quick thinking traffic lights and self correcting power grids make the world predictable. thrillingly predictable. welcome back. we are watching shares of the airlines, the big ones, delta airlines, southwest and american airlines all trading higher anywhere from 1.5% to 3% following new york city mayor bill deblasio's press conference.
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tyler, keeping an eye on the airlines in today's trade. microsoft up after strong earnings. reports indicate growth across the board there. notable strength in hardware sales. pfizer announces an $11 billion stock buyback plan in addition to $1.3 billion that pfizer is currently buying back from shareholders. its stock up about 2%. ford reporting quarterly results off more than a third from the same period a year ago. it was better than expectations. ford shares off about 4.25% right now. the market looks pretty strong going into the latter part of the afternoon session. let's get you caught up on where things stand. the dow jones industrial average up 90 points now up 87. s&p up about 8. the russell 2000 the one to watch as we go into the close of today's trading session because it has been one of the most
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volatile and it is barely holding on to the green right w. so we will see whether or not it holds on to its advances going into the weekend. by the way, have a good one. >> you, too, sue. that will do it for this edition of "power lunch." >> "street signs" begins right now. and welcome to "street signs." today we are giving you a forecast for your money. ahead this hour we will tell you about the dark cloud and the rays of sunshine cast over this market and what it all means to your investments. i also have the dynamic duo of john fortt and robert frank along with me. great to have you with us. great to have you john to talk about amazon earnings and you here talking about billionaires. we will be
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