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tv   Power Lunch  CNBC  November 3, 2014 1:00pm-2:01pm EST

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still a cheap stock. >> i am going to go with intel. i bought this on the dip, as well. average price around 31.5. >> good stuff, guys. you guys have a great rest of the day, as well. we will see you tomorrow and "power lunch" begins right now. "halftime" is over. "power lunch" and the second half of trading day start right now. thank you very much. the dow in the red right now but the s&p has hit new highs today after a wild october will it be a november to remember? rally, route, something in between? which are the best in a volatile market like the one we have been through over the past month? index funds or the actively managed funds? where should you heavy up these days? and despite an improving job market and low interest rates, where in the world are the first time buyers? they have not come back into the housing market. credit conditions are one thing,
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but appetites to own are another. new home buyers, first timers, new lows, enormous ramifications for the housing economy. let's check in with sue at the new york stock exchange. >> kind of a mixed day here. we had mixed economic data so perhaps mixed trading session should not be a surprise. dow, s&p 500 and dow utilities. dow negative by about three points or so. some of the big integrated oils are moving. chevron and then home depot the biggest drag on the index. nasdaq up for the 11th time in 1 sessions. the middle of october we all remember how brutal that was. it ended with a pretty big bang. which are riding the market the best? the index funds or actively management funds? dominic chu is back at hq. >> if you look at active versus
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passive discussion it is about whether or not it is better off to pick stocks and time markets as opposed to do what everybody wants to do which is stick with one fund that marks the s&p 500 and go from there. according to the analysts at morning star tells us if you look at the average passive fund the performance is actually a little bit better than the average active open ended mutual fund in america. if you take a look at the equity funds alone check out some of the biggest ones. one of the biggest ones in the country is the fidelity contra fund. it is up around 8% so far year to date through the end of october. it has some really, really big holdings. you think of big names like google, wells fargo, facebook. that stock just slightly under performing the s&p 500. if you look at one of the biggest passive funds in america, the vanguard total
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stock market index fund is one that's -- of course, there are the nay sayers who say active stock picking doesn't work over the long term. you are better off in an index fund. >> thank you very much. stay with us if you wouldn't mind. we are going to bring in sue and talk more about this. also joining us jordan waxman, partner at hightower and burke white, a chief investment officer at lpo financial. where do you come down on the question of active versus passive fund management? >> the most important thing is not to buy the active but to buy active managers that perform in the top half of the universe.
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we think active management out performs over time. we see such low volatility and we have low volatility and not a opportunity. as volatility begins to increase that is more opportunity for active managers. we think they begin to do much better in the environment. >> i don't know that the numbers bear you out there. if you pick the top and those guys are able to replicate their performance over time. generally speaking i think over a longer period of time the indexers have an edge overactive management. >> well, again, if you pick active strategies that are average no doubt about it. at the end of the day i think what you need to be able to do is to go out and do diligence on really great active management and be able to find those that have been able to generate strong alpha over time. there are plenty of strategies that have batting averages in the 70, 80, 90 percent range over time.
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they get lost in the average manager but don't screen for average managers. screen for above average managers and find them. >> jordan, why don't you weigh in on this? >> parts of the stock market are very well discovered. those are the strategies in which active management has a hard time beating the benchmark. there are plenty of undiscovered parts of the market, emerging market, international markets where real stock -- even emerging market debt on the stock market side boots on the ground analysis can uncover some really good gems. it's possible to index your entire portfolio. we manage substantial portfolios. we are abnostic. what we do is advocate for our clients and do what is in the best interest for the client. picking an area that is well discovered we might index that part. if we need real diversification
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invested in insurance risk we don't want to invest in a single strategy that picks wind in florida but rather a broad diversified approach. it is the same dialogue you are having. pick areas where diversification makes more sense or tough to buy the index you pick the index. >> in my life as a financial adviser one of the things you would always tell clients is you want to put the bulk of your financial worth in the stock market into indexes. over time the average manager cannot beat the market. what i would say is if you are looking at the undiscovered parts of the market you can say have 80% of your portfolio indexed to the s&p 500 but then certain parts in emerging markets perhaps, perhaps small cap stocks and others that are industry specific where maybe there are average expertise. find the little bit of out
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performance elsewhere. >> thank you. i want to turn to our guests and find out where they think we will go into november. october certainly kept us on our toes. november traditionally is a pretty strong month. do you think it is going to hold to its historical norm? >> october istypically a terrible month. it is not just halloween that ends the month but usually stock market crashes. we had the first real pullback that we can remember in the last three or four years followed by a huge snap back. it tells you the market is tenue s. if you look at november it is usually very positive time for the market and that the market will probably consolidate around here and then build on its gains. we didn't believe the pullback so we allocated where we had cash or money in fixed income. we shift d on the margin into equities and took advantage of
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the dip even in master limited partnerships which had a nice run we put our cash to work in that portfolio. >> how is november going to shape up do you think? >> we think quite well. even though the markets have all time highs you have a lot of things working in your favor. earnings growth is the big one. we are tracking 9.3% year over year earnings growth. think bank of america out it is almost double digits. we think that back drop has been good and the guidance is quite good. we think that is going to continue. we got ism today and it was quite good at 59 and anytime you are above 57 over the last 30 years it showed a gdp environment on average of about 3.6%. we think that it looks like the rest of the year is going to be quite good and just to kind of put the nail into coffin here for success, mid term election quarters in the fourth quarter are quite good. on average over last 50 years up
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8%. only up 2% so far this quarter. >> there is room to run. thank you very much. appreciate it. out to los angeles. we have a "market flash." >> pandora shares shooting higher after taylor swift pulled our albums from spotify. swift hoping fans will buy her music on the massive success of the new album expected to sell more than 1.3 million copies on the first week on sale. pandora still has swift's songs. far more complicated to pull from pandora than from spotify. they are still up about 3.9%. >> thank you very much. we are watching apple. that stock marching to new highs. apple up 10%. there you see in one month 10.1%. the tech giant considering doing something with its bonds that
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it's never done before. josh lipton out west with the details. >> we know investors are big fans of the new iphones but how would they feel about a new i-bond? apple is lining up a potential new deal possibly in euros. deutsche bank arranging a call with investors. a bond sale in europe makes sense for apple given the region's rock bottom borrowing costs. the average yield investment grade corporate debt in europe is around 1% with an average maturity of five years. in comparison a bond issued in dollars maturing in five years yielding around 2%. this could be another cheap funding source for the iphone maker. apple was last in the bond market on april 29 with a $12 billion deal following up on last year's $17 billion sale
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according to deal logic. jean munster says it is a clear bullish sign about how apple feels about its future. it must feel confident about business if they are willing to sell debt. munceter expects apple to use assets from the deal to buy back more stock and committed to a capital return program but thinks the company is now setting the stage to expand the buy back program, an announcement he expects when apple reports its march quarter. thank you very much. ford, gm and other big auto makers out with their latest sales figures plus a major settlement involving two major korean car makers. phil lebeau behind the wheel for us with wallenda town. >> let's talk about october auto sales. they were very good, not
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sensational but very good setting the industry up for the strong finish of the year. those who lead the market, chrysler led the way with an increase of almost 22%. gm a little weaker than expected, not by much. ford a decline of 1.7%. the industry expecting a decline of 2.7%. a lot of focus on what is happening in the battle for full sized pickups. ram led the way with an increase of 33%. chevy and gmc up 10.8%. ford when they start phasing out the old f series saw sales drop 0.6%. when you look at the month of october the industry sales rate is expected to come in somewhere around 16.3 million which, again, that's very good. it's not close to 17 million yet but very good even though you are not seeing it reflected in shares of gm and ford. you made a mention to a settlement involving one of the major auto makers. hyundai and kia announcing a
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settlement with the department of justice and epa for under reporting or misleading the public when it came to vehicle emissions. $100 million fine, the largest fine in the history of the clean air act. this involves more than 1.2 million cars where they mislead the level of emissions, said it was going to be lower than it actually was and also the mileage was nowhere close to what it was supposed to be. $100 million fine. >> a big fine. phil, thank you very much. to housing now. if new home buyers aren't entering the market that makes it hard for existing homeowners to sell and move up. are the new buyers showing signs of moving in or no? >> without that first-time home buyer the housing market can only go so far in recovery, sales stall, prices stall. where is that buyer?
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answers coming up in two minutes.
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welcome back to "power lunch." check out shares of allergan moved up higher by about a percent after a filing that it had been approached about another party about a potential transaction, a deal. multiple reports say the company
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was activist here. it is trading. you can see the shares trading up. allergan trying to take over by valiant shares off marginally. >> rcs capital dropping the bid to buy coal capital partners a week after american realty capital announced ceo and results were not reliable. an offer to buy sapient and lab corp striking a deal to by covance helping to move into the contract research business. a big day for the big apple. more than 13 years after the 9/11 attack the rebuilt world trade center is opening for business today.
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the publishing giant is starting to move into 1 world trade center. 104 stories, $3.9 billion and it's the tallest skyscraper in america. despite an improving job market and low interest rates the number of first time home buyers is now at the lowest level in three decades. >> reporter: for some it is sticker shock in the for sale market. for others renting is now a choice. so the share of first time buyers dropped to 33% down from 38% a year ago according to the annual profile of home buyers released this morning and that is the lowest level in nearly 30 years. the long term average goes back to 1981 and shows four out of ten purchases are from first time home buyers. we are still way off from that. prices rose very quickly last year in most local markets
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faster than income growth. investors are moving out leaving the market to mortgage dependent buyers. you have to have skin in the game to get the low rate. you have to put money down and have good credit. nearly half of first time buyers said the mortgage application and approval process was much more difficult than they originally expected. renting is getting to be more of a choice. i want to tell you, i am not in downtown d.c. i'm in a brand new development in a residential neighborhood where the bulk of the housing is single family. this is where the good schools are and the families are and yet there is still this strong demand for this kind of rental property. these are going at a premium both apartments and town homes for rent. we have more online. back to you. >> thanks very much. the investigation into the crash of virgin galactic's experimental tourism spaceship is continuing today. jane wells is live with the
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latest developments. >> we are having a little trouble with jane's mic right now. we will get that worked out and we are back in just a couple of minutes with jane's story and the dow which has just turned positive. back in a moment. hi, are we still on for tomorrow? tomorrow. quick look at the weather. nice day, beautiful tomorrow. tomorrow is full of promise. we can come back tomorrrow. and we promise to keep it that way. driven to preserve the environment, csx moves a ton of freight nearly 450 miles on one gallon of fuel. what a day. can't wait til tomorrow. there's a difference when you trade with fidelity. one you won't find anywhere else.
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welcome back to "power lunch." check out shares of thermo fisher. the company pledged to correct a glitch in software used to analyze data in clinical drug trials. the stock is up by about over a percent on today's trade. thank you very much. the investigation continues into what caused virgin galactic's experimental tourism spaceship to crash friday. our jane wells is live with the latest. >> reporter: that's the virgin galactic hangar behind me. it looks like spaceship two broke up in mid air after the back end of it went from being horizontal in a move closer to vertical, an intentional move but early. was that the cause or a factor? it is still being investigated by the ntsb but it is a unique
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element that is supposed to slow the craft. in this case the ntsb says it was deployed too soon. a camera in the cockpit showed it being released before the speed. >> after the craft reaches and starts to come down they start to move in this position in order to slow the dissent. they moved into this position uncommanded and the forces then caused disintegration. >> reporter: the dead pilot is 39-year-old michael alsbury. branson is seen between another pilot after successful tests of spaceship two last year. as we continue looking at the video the ntsb won't say which pilot was in the right seat on this latest trip but reuters is
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saying it is the surviving pilot. we have not confirmed that. here in mojahavjavmojave. this is the valley where the sr 71, stealth bomber and fighter were created. the question is for private companies who don't have billionaire investment will there be a hiccup in the investment and a setback for space port america in new mexico, a $200 million taxpayer funded facility which is supposed to house virgin galactic trips when and if they ever take off. >> fascinating story there. meanwhile an ex-bank of america banker charged in a homicide. andrea day is here with more. >> reporter: what makes the case more disturbing is days before the murders he quit his job and allegedly set up an out of
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office e-mail describing himself as an insane psychopath saying you can contact god but the devil will have custody. a gruesome crime in the center of hong kong. british banker was charged with double murder. local police saying they were called to his luxury high rise apartment over the weekend. inside they found him standing over a naked woman about 25 years old with knife wounds covering her neck and body. she was confirmed dead at the scene. outside on his balcony they found another young woman, this one wrapped in a carpet, stuffed in a black suitcase. her body was already in a state of decay. in court he was justified as a banker at bank of america's merrill lynch unit. he reportedly moved to hong kong last year after working at bank of america's london branch. he graduated from cambridge.
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the 29 year old's apartment is located in the central district known for its night life. hong kong has a reputation of one of the safest cities in the world. the victims here both from southeast asia. >> and in court he just sat there only speaking to confirm he understood the charges which could get him life behind bars. the case is back in court on november 10. >> thank you very much. back to the markets now. specifically, the metals markets. gold prices are closing. platinum and palladium the biggest movers. if you look at the palladium market it is up 1.5% on the trading session on the close. also orange juice prices are on the move but going in the opposite direction sharply lower down almost 3%. the 2014 hurricane season is winding down. there really was no major damage to orange groves in florida so
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there is excess supply on the market. to the bond market now. rick santelli tracking the action. >> an equity market that is holding up at such lofty historic levels cures a lot of ills for the treasury market. as you look at the intraday we are up two basis points. we were at one point up four basis points and the data really was mixed today. we did see ism was solid. construction spending not so much. if you look at the month to date it has just been about a month since we closed at these levels. it is october 6 to be precise. it is all about foreign exchanges the last couple of days thanks to the activity of bank of japan. look at the euro versus dollar that is sinking, lowest level since august 2012. the dollar-yen sky rocketing as the yen is about ready to take 114. back to you.
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rick, federal reserve chair janet yellen meeting with president obama in just about one hour from now. we will tell you everything that is on the agenda. and in crazy news today walking a wire across the chicago skyline versus surfing a whale carcass in shark infested waters, which one is crazier? we are asking you to weigh in. go to cnbc.com/vote. "power lunch" returns in two. wire walking versus whale surfing today on "power lunch."
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welcome back to "power lunch." alibaba shares hitting fresh all-time highs today ahead of the first earnings report as a public company tomorrow after the bell the street expecting earning on sales of $2.61 billion. the shares up by 4% and should be noted at current levels the shares are worth about $252 billion making it worth more than wal-mart. >> that's just amazing. such an amazing story really.
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let's check the markets. the dow is positive by about nine points up about 11 points. the nasdaq is up 16 and the s&p 500 is up about 5.5. more on the trading action bob pisani. i was watching oil earlier, too. >> one of the reasons we popped up. historic highs on the s&p as well as dow industrials. the first of the month. i tend to look at a lot of etfs involved in broad training. basically a proxy for the s&p 500. very good volume in this today. i suspect some people are putting money to work. you see the little pop on the right-hand side about an hour ago sue mentioning oil. put up brent crude here. there have been reports that saudi arabia raising price of light crude in the far east a bit. you see how oil popped up on that. there is a report they cut prices to the u.s. somewhat. that is rather interesting. a little bit unusual. people i think were a bit
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surprised by that headline. we saw oil stocks move up. this is why i think it moved the market a little bit. this is your etf for energy stocks. it moves them into the green as you can see there. moved to the highs of the day just off of that now. exploration of production stocks, your pioneer, natural resources, those kinds of stocks all moved rather nicely on this. most were slightly positive on the day. even big oil moved up although integrated oil stocks have been down all throughout the day. i think the problem is these stocks, the integrated nature of this company makes it very difficult to make money when oil prices start dropping the way they are. these are off of their lows but they haven't responded in the way some of the other sectors have. >> halliburton had a big move to the up side. up town to the nasdaq. >> we have big caps today extending gains, a lot of them off the back of strong earnings over the last couple of weeks.
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all-time highs for sea gate technologies and apple about a dime shy so far today of $110 a share. this makes for the 39th session where apple is at all-time highs. it is responsible for much of the move to the upside but really the sector that is doing the best today is chip stocks, the chip sector, philadelphia semi conductor index is about 2% from its year high after having fallen into correction in early october. this is where the rebound has been and this is where the momentum seems to continue as people pour back into tech. we are also seeing small caps, as well, recovering. the russell 2000 hit an all-time high on july 1. 3% of that high. one of the big movers today getting taken out in a $3.7 billion deal. that is a big mover to the upside. back to you, sue. thank you very much. president obama meeting with
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federal reserve chair janet yellen in just about an hour from now. what is on the agenda? wouldn't you like to know? steve leisman does. >> we understand this is the first one-on-one meeting between president obama and janet yellen. we are told the agenda includes the state of the economy, financial reform and other economic issues including global economic issues and the global recovery. on the eve of the mid term election the president has been keen to highlight better economic numbers of late including gdp above 3%. obama met several times with ben bernanke shortly after standard and poorz downgraded the u.s. credit rating amid big market fluctuations. this meeting between fed chair and president comes after the central bank decided to end quantitative easing or bond buying program. there are concerns about the
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global economy and whether the u.s. can withstand weakness abroad. construction spending for september coming in below expectations, down 0.4% with the congress looking for 0.8% increase. the weakness wasly in government spending on infrastructure. the institute for supply and manager's report is a survey of purchasing managers around the country. it soared. employment was high and the back log was pretty healthy. the u.s. news continues to be pretty good. i think that is something they will chew on at that meeting today. >> how often -- you said this is the first time president obama has met -- how often do presidents meet with fed chairs? how odd or coincidental is the timing one day before elections? >> i think the optics of it cuts two ways. one is it gives the president a
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chance to talk about the economy. he believes the numbers are good. i know the white house is a little bit confused about the better economic numbers and the very low approval ratings for the president. on the other hand the chair of the federal reserve is not the most popular person in the world. it wouldn't be something that you would expect to get votes meeting with the fed chair. >> it is late to turn anybody's opinion one way or another. >> he met with yellen so i'm voting with democratic candidate -- >> let's look friday i assume they will talk about the employment picture. >> 233 k on the jobs number and 5.9% unemployment rate. the expectation is to continue the string of 200,000 plus numbers that we have had. >> fantastic. sue, down to you. food and money, two things that just about everybody in this country cares about and cares about a lot. when we come back the small format grocery store taking on
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the biggest players in the country. they are on the verge of having a big impact on the stocks of companies like kroger, whole foods and many more. that is straight ahead. the cnbc trend tracker live data board is brought to you by the cme group. when change is in the air you see things in a whole new way.
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welcome back. check out bristol-myers signing agreement to buy a company with experimental pulmonary fibrosis treatment. earlier i said alibaba will report earnings after the close tomorrow, it will be before tomorrow's opening bell and the options market implying possible 6% move in shares.
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proctor & gamble's operations in argentina have been suspended after the company accused the giant of funneling currency abroad to avoid paying argentine taxes. herbal life settling a lawsuit after the company accused of running a pyramid scheme. the company will pay $15 million in the settlement. met life is meeting with u.s. regulators to dispute its designation as systemically important financial institution in order to avoid higher capper buffers. there is a small format grocery store chain taking on the big players in the $620 billion u.s. grocery market business. in a rare television interview jason hart takes us on a private tour and shares how his company is disrupting the industry. >> we carry the most popular
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size. one variety. customer comes in. >> one product, one size, one price. >> we carry 1,350 items in the store versus tens of thousands. we are able to focus the volume into fewer products which increases buying power. >> reporter: this looks like rice crispies to me. it is your brand of product to me. >> we are able to cut out the national brand advertising and pass savings to the customer. >> it is anything but traditional. there are no shelves. >> our products are stocked in display ready cases. our staff is able to take the lid off and you don't have to stock units or turn labels. >> you need a quarter to rent a cart. there is no butcher or baker and no one to bag your groceries. no credit card accepted. >> our stores take cash and
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debit only. that saves a significant amount of money on the transaction charge. >> reporter: if this seems a little foreign it is because it is. it is an offshoot of a german company with more than 5,000 stores spanning three continents. >> when you visit a store whether in sidney, munich, london, chicago, indianapolis and soon to be los angeles the customer recognizes the concept. >> reporter: a concept catching on in the u.s. since opening the first store in the u.s. in the '70s aldi operates stores across the united states with 19,000 employees and 25 million monthly customers. tell me about what other markets you are looking at. you said california for instance. that is a very competitive market place with those big mega stores out there. >> it is a very competitive market but there are a lot of people for us to serve. we just announced a strategic expansion plan.
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we will open up 650 new stores giving the total to over 2,000 and a big part of that is expansion into the west coast and southern california. >> hart says the biggest challenge is getting out the word about the concept and adds checkout tabs are 20% less than big and 35% to 45% lower when compared to a traditional u.s. supermarket. with aldi making an aggressive push in the united states what does it mean for more established chains. let's bring in managing partner at wul rd bishop and andy wolf, managing partner at bb&t capital markets. jim, what do you make of the aldi format. it is limited assortment store for obviously reasons. do you think that is a growing segment of the industry here in
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the u.s.? >> the time is really right for the limited assortment format. between the great recession of 2008 and its lingering effects on middle income consumers and the aldi model which they have really perfected they are really knocking it out of the ballpark. >> do they pose a threat to some of the more established firms or are we talking about completely different clientele? >> they do pose a threat. one way you can tell is that the other companies, kroger and wal-mart are testing kind of look alike concepts. only one company publicly traded called save a lot which is a little more down scale about aldi. what is challenging about aldi is a little more middle class than just a lower third type of concept. i think they see to jim's point that this really is in the sweet spot of value right now. i think they do see it as a
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posing threat. >> after the 2008 recession they took advantage of that time where value and savings were so important to people because they were scared. they were scared about money and they use that as a time to kind of perfect their model here in the united states, trying to finess the european model and make it more agreeable to the u.s. consumer. >> that is absolutely right. they use the recession. you had a lot of middle income folks who lost their jobs or were afraid that they were going to. they generated a lot of trial, a lot of people tried the format and found out it was great to save 40%. and the products that they were buying were as good or better than the products that they were buying at the store. when they got their jobs back or things seemed to get a little bit more on a solid footing the real question was why would i go
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back and pay 40% more? that doesn't seem to make a lot of sense. >> let's take a look at some of the bigger players you would follow and how you would rate them. you say kroger is doing a very good job in the current environment and whole foods is struggling. >> whole foods as the other side of the coin, the quality side versus price or value side, whole foods is finding increased competition. surprisingly enough from aldi's german cousin, if you will, or from trader joe's and others, but food retailing is probably the most competitive industry in the united states arguably. so whole foods issues are not from the aldi's but from everybody getting into natural foods. the other players like kroger, kroger is bringing a tremendous amount of value, just a conventional supermarketing by bringing prices down over the
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last ten years closer to wal-mart. aldi is cheaper than them. they are testing a look alike concept just in case. >> very quickly on wal-mart, they really seem to be struggling on a number of different levels. would you agree with that or no? >> absolutely. you have folks like aldi going after their business, the dollar stores, kroger brought their pricing a lot closer to what a wal-mart has to offer. they are not at wal-mart but closer. wal-mart has kind of built out the superstore infrastructure. wal-mart is also experimenting with smaller stores itself. i ink the that is where they try to take their growth, kind of right at where aldi is. >> jim, andy, thank you very much. appreciate it. on the left dare devil nik wallenda walking across the chicago skyline. it was riveting. on the right, a man jumps on to a whale carcass as sharks circle off the west australian coast. which one of these individuals
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i'm just looking over the company bills.up? is that what we pay for internet? yup. dsl is about 90 bucks a month. that's funny, for that price with comcast business, i think you get like 50 megabits. wow that's fast. 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.
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in case you are having trouble accessing the bank of america website you are not alone. the bank tells cnbc some users are experiencing issues with online and mobile banking. the bank is working to resolve the issues as quickly as possible and we will keep everybody posted. time for the power run down. dominic chu is here, morgan brennan is here. a swift change for spotify. we are talking about taylor swift. she is removed all of her music from the digital music service or the streaming services a true threat to musician's album sales according to forbes? ms. swift had earned $64 million for the year so far for half year's worth of work. what do you think? is she standing on principle here? what is her game? >> i think first going back to the "wall street journal" op-ed
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giving her stance on music streaming saying artists should be getting paid for albums. >> don't they have to license her music? >> there has been a lot of talk within the community about just how much artists are actually getting in terms of streaming revenues. >> pennies versus dollars. >> it is interesting the timing of this. this comes on the heels of her first week album sales for 1989. those are expected to be record numbers and on the heels of a billboard report that her record company is on the sale block so could be in a negotiation pool. >> it is going to go platinum. >> a class titled wasting time on the internet. they say any online material, chat rooms, pornography is allowed as long as students create great works of literature
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from the experience. is this a waste of time or a creative use of students' time? >> this is a fantastic experiment. this class at penn is limited to 15 students and there is a waiting list that the professor says is hundreds deep to take the class. it comes down to musings can come from anywhere. if you can find your own creative muse that is a good thing. >> let's go to the sharks. check out the dare devil on the left. nik wallenda over chicago and on the right a man jumped on to a shark into shark infested waters in australia. he claims on top of a dead whale. blubber can be slippery. the voting continues as to what you would do. what would you do? who is crazier? >> i would say the kid who jumped into the water even his mom called him a quote/unquote
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idiot for doing this. i would choose that given the fact that tight rope walking is a craft. >> take a shower, man. >> you and concrete don't mix. i will go with the whale. >> which is crazier? wire walking says 31%. 68% of you said whale surfing is crazier. >> i would take the whale. what is coming up on "street signs." >> that is my country, guys. earnings, economy and elections, if ever you wanted a big week this is one of them. we have an exclusive interview with the ceo of pharmaceuticals talking earnings and possible applications for helping you stop smoking, as well. "power lunch" returns right after this break. helps you be ready anytime the moment is right. cialis is also the only daily ed tablet approved to treat symptoms of bph, like needing to go frequently. tell your doctor about all your
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medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long term injury, get medical help right away for an erection lasting more than four hours. if you have any sudden decrease or loss in hearing or vision, or any allergic reactions like rash, hives, swelling of the lips, tongue or throat, or difficulty breathing or swallowing, stop taking cialis and get medical help right away. ask your doctor about cialis for daily use and a free 30-tablet trial. ask your doctor about cialis for daily use so i can reach ally bank 24/7, but there are24/7branches? it's just i'm a little reluctant to try new things. what's wrong with trying new things? feel that in your muscles? yeah... i do... try a new way to bank, where no branches equals great rates. hard it can be...how ...to breathe with copd? it can feel like this. copd includes chronic bronchitis and emphysema. spiriva is a once-daily inhaled...
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...copd maintenance treatment... ...that helps open my airways for a full 24 hours. you know, spiriva helps me breathe easier. spiriva handihaler tiotropium bromide inhalation powder does not replace rescue inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. these may worsen with spiriva. discuss all medicines you take, even eye drops. stop taking spiriva and seek immediate medical help if your breathing suddenly worsens, your throat or tongue swells,... you can get hives, vision changes or eye pain, or problems passing urine. other side effects include dry mouth and constipation. nothing can reverse copd. spiriva helps me breathe better. sfx: blowing sound. does breathing with copd... ...weigh you down? don't wait ask your doctor about spiriva handihaler.
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welcome back. check out shares of go pro. the stock is continuing the strong run as investors remain upbeat. go pro shares up by about 8% and so far the stock is up by 30%. it was nearly a $65 stock back then and up to around 83 in
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today's trade. let's check the overall market. the dow jones industrial average is positive but only by about four points. the nasdaq is up 15 and the s&p is up about 4 on the trading session. >> that will do it for "power lunch." >> "street signs" starts now. > the dow really is on hold. you have all eyes on what we are calling the three es, the election, earnings and the economy. we will find out what the most important one is for you and your money and what you need to know heading into it. it is historically the strongest of the year for the stock market. >> the dow and s&p set new record highs while the nasdaq set a new 14 1/2 year high. >>

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