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tv   Street Signs  CNBC  December 2, 2014 2:00pm-3:01pm EST

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security operation center where a security guard or our clients would be monitoring that and events would be put forth or alarms and alerts. >> best of luck. thank you for joining us. >> thanks for having us. >> and that will do it for "power lunch." >> what if it tips over? "street signs" begins right now. stocks up, oil down, monster truck madness, shark tank, coleslaw and a huge drop in microsoft. we are glad you are here. another crazy day for stocks and oil. >> welcome back. a little warmer here in new jersey. oil may be down today but the energy sector is not out. it is one of the leading sectors. the dow trading above the all-time closing high and the nasdaq is up for the seventh time in eight sessions. that is a good reason to stick
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around and watch the show. >> you say good things come in small packages and i never believed it until just now. it is tuesday, tuesday, tuesday. today it is all about monster truck sales. not monster trucks but big trucks. auto makers reporting huge results for november. let's get to phil lebeau. what is selling? >> basically anything that is either larger like an suv or luxury, pickup trucks, as well. there are a couple of surprises in there. when you look at what is selling and what is not from the month of november, it was a huge month for auto sales the what's hot list is dominated by suvs and crossovers. let's start with the jeep cherokee. sales up 67%. the honda crv outsold the civic. sales up 43%. chevy silverado when you look at pickup trucks up 24%. what wasn't selling last month? what is not in demand right now?
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anything that doesn't get good gas mileage, hybrids, as well. the chevy volt down 30%. the prius down 13%. a mid sized car like the ford taurus down 37%. we want to show you the monthly sales projection. we are going back to the beginning of the year. really you have to go to february to find a month where the sales pace was under 16 million. most believe we see sales come in between 17.1 and 17.5. that will make this the best november sales going back to at least 2003 potentially back to 2001. for investors people are saying this is a great time to get in on the auto makers. probably not. in this cycle right now you want to be playing the dealership stocks. that's why when you look at stocks like auto nation, all of those dealership, publically traded dealership stocks are
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having a good day in part because they are in the sweet spot of the market. there is demand. they have low financing that they can offer and low gas prices has people coming in going i will pay a little more and buy an suv. >> let's hope that sweet spot continues. let's get more insight on how lower gas prices are impacting sales of cars and trucks on the website true car, a site that offers upfront car pricing estimates and only ipo d earlier this year. here is scott painter. how great has november been for you? >> we have seen a lot of evidence that consumers are moving towards bigger vehicles, suvs, trucks and into luxury cars, as well and away from really the smaller cars and compact vehicles. there seems to be a psychological barrier when gas prices fall below $3. >> you had an amazing black friday.
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i believe you had 63% increase in your web traffic on that one day compared to any other day in november which is different from a lot of other companies and retailers that we have heard from who said the fact that black friday was stretched across so many days stole from the event itself. why were you different? >> i think there is no doubt that lower gas prices has shifted consumer sentiment. while people were not at the mall they were at the car dealership over the holiday weekend. what we saw in november was one of the strongest sales cycles we have seen in almost a decade. >> the thing i love about your site is that we cannot only tell what is selling we can tell what might sell. we want to look forward. what are people searching for? what are they interested in? >> there is no doubt that the interest has really shifted to suvs, luxury suvs are really up quite dramatically. you are seeing average transaction prices that are really holding. they are up even about 1% at $32,500 which is really significant given that the
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incentive spending is down. so the fundamentals for the industry are very strong. >> if you notice the correlation between demand for suvs and bigger vehicles has been very tight with gas prices and the movements downward there? >> interest rates have also helped. i think it is a great time to be in auto retail. auto makers as well as auto dealers and retailers make more money with those types of vehicles being sold. >> i want to pushback a little bit on the whole lower gas prices drive big trucks. i know it probably helps but i also find it hard to believe, scott, that somebody that is making enough to buy a $55,000 or $65,000 fully loaded chevy yukon or denali will worry about saving $10 a month in gas? >> we don't see dramatic shifts unless you get below the $3 barrier. so that shopping shift is beginning to mix. what we see at true car is not
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just shopping behavior but for the first time we are able to look at actual transaction data real time. what we are seeing is that at $3 that psychological shift does occur. at $4 it goes in the other direction. >> scott painter, good stuff. don't be a stranger. >> can i say one thing? is it true elannot only a friend but a friend because he knocked on your door and asked to buy your house? >> he did buy my house. >> you drive a tesla yourself? >> i do. >> good story. >> i thought we had to mention that. >> i sat next to true car people at a restaurant in hollywood once. they were very nice, i must say. we are following a developing story out of detroit. a wide spread power outage is leaving businesses, schools, government buildings in total darkness. more than 100 major buildings are without power. mary thompson with more.
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we understand there are people trapped on elevators. >> officials are working right now to restore that power in downtown detroit after a massive cable failure that happened around 10:30 this morning. about 100 municipal buildings schools as well as joe lewis arena all went dark. the power outage affecting the denver people mover, elevated rail line that loops around the downtown area and cut power to traffic lights in certain parts of the city. state police have been brought in to help with traffic control. power is slowly coming back on and expected to be fully restored. dte energy which delivers energy is bringing in equipment so the public system can be moved to a temporary line. power at the courthouse was restored. students at effected schools were sent home early. detroit's mayor is scheduled to give an update later this
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afternoon and we will have details from that. >> thank you very much. we want to talk about the single biggest take away from the north dakota trip. here is the thing. i think my biggest take away has nothing to do with oil. >> you got frost bite? that was not your biggest take away. it is time for today's mystery chart. yesterday we had a mystery person. mix it up a little bit. we are back to being old traditional "street signs" with a chart. it is down 6% over the past month. it is not a stock. you can get your guesses in. we will give you more clues when "street signs" returns. ♪ my baby drove up in a brand new cadillac. ♪ ♪ my baby drove up in a brand new cadillac. ♪ ♪ look here, daddy, i'm never coming back... ♪ discover the new spirit of cadillac and the best offers of the season. lease this 2015 standard collection ats
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another day another tick lower in gas prices. the national average now at $2.76. that is down from yesterday. last year at this time we were paying $3.26 for a gallon. the gas streak, by the way, is continuing with pump prices having fallen for 68 consecutive days. check out oil. oil climbing back a bit after sinking below $66.72 a barrel. oil has really been all over the map today. let's get to jackie deangelis. are people talking about a potential bottoming process? >> reporter: let's get to that in a moment.
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$67.28 down $1.72. we had a 4% plus move yesterday. when that happens you will get momentum and get technicals selling to the down side. that is what we are seeing. yo ahave a dollar index 88 handle in change and that will impact oil prices to the down side, as well. with respect to your question about a bottom we have a lot of different views but the traders in the pits who have watched crude prices are looking back to 2009. they are looking at that low of $33 and saying this time it could potentially be worse. of course, the question would be how quickly we do get there. i do want to talk about the pump prices that you mentioned. mandy mentioned it $2.76 for a gallon of regular. that is the national average down 50 cents from a year ago. i want to highlight that 42 states are under $3 at this point. that is just an average. you look at certain states like florida they are down 68 sents from last year. virginia down 61 cents. there is going to be a trickle
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effect from the gas prices into the economy and the stock market. oil producers and the services rksz they may experience problems but you will have a lot of other sectors benefitting from this. i know you guys have been talking about them. the airlines are one. the autos are another. the shippers are also, as well. retailers, food companies that have to transport things to different stores. anybody who uses oil as a raw material, anybody who is shipping a good somewhere or needs consumers to hit the road in order to see their bottom line impacted, they going to see it from this. that is what traders are talking about here. they are not just looking at the oil market right now. they are looking to the s&p and saying we can go higher, guys. back to you. >> thank you very much. very comprehensive report. brian, you are fresh back from the bakken. williston, north dakota. what is your single biggest take away from what is happening there? >> how indebted the companies are. we talk about the impact of the price of oil coming down. there is an impact. how many new wells will be
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drilled depends wildly, trust me, on the price of oil. i guess what surprised me the most is that a lot of the companies have doubled or tripled their long term or short term debt in the last couple of years. it is a race to buy more assets. the other surprise would be we always hear about fracking bringing down cost of wells. because there is such demand the monthly operator cost of a well has nearly doubled in the last five years. a price of a lease is up 30% to 40% over the last five years. it is much more expensive to drill and a lot of debt. to me that is the biggest take away and the biggest worry about what is happening. >> as we were talking yesterday potentially could have a shakeout on the entire debt market if things turn belly up which we hope it doesn't. >> obviously not. i'm pulling for the folks out there. i will dig in more. this is sort of funny. it was so cold, how cold was it?
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the phones were shutting off. >> seriously? freezing up. >> you know how it is too hot it shuts off? we had the opposite. batteries draining in 20 minutes. >> that is amazing. my fingers just don't work. i freeze up. >> phone didn't work, no e-mail, no text. best day of my life. >> i bet it was peaceful. lots of oil talk coming up tonight on mad money. jim cramer will be sitting with boone pickens 6:00 p.m. eastern time here on cnbc. we are about to break your 2015 housing play book. three best ways to play housing market in the new year. sony salaries are hacked and creating a bit of a fire storm. should the reporter that got the leaked documents have written about them in the first place? the reporter is here. we will ask him that coming up.
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do want to send sympathies out, bobby keys mostly known for rolling stones died today at the age of 70. we will leave you with a little stones heading into the break. you can bring back a lot of things from a trip around the world. but you can't always bring back customer data. because many customers don't like it when their data moves around. can i go now? if you're going to do business globally, you need a cloud that can keep your data where it needs to be. today, there's a new way to work and it's made with ibm.
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dow up 87 points. guess what else is up, the home builders. it has been a heck of a quarter for the home building stocks. dr horton 23%. lennar up 20%. that is this quarter. is that run done? most of the names are actually down a couple of percent over the past two sessions. joining me now a man bullish years ago. you were right for a long time and then you were wrong. now you are right again. >> i think what happened -- >> more right than wrong. >> we saw the return of the
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first-time home buyer in the fourth quarter. our theme was dislocation of the job market was preventing buy in growth. we feel a lot of that has been resolved. even though oil is going weaker that is positive for the consumer and we are expecting 15% growth for the group in 2015. eps growth of 25%. the group trading at 14 times 2015 eps. we think this is a good buying opportunity. our favorite risk adjusted name going into next year is lennar, a $45 stock that can go to 54. we like dr horton doing a great job of executing strategy. so a lot of good things happening in the group. >> what kind of bucket do they fall into? you brought in three buckets. do they fall into the golden horse shoe bucket? >> we like home builders in the golden horse shoe, california, arizona, nevada, texas, florida,
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georgia and the carolinas. we want companies that have lots of land in those states. >> i see what you did there. the golden horse shoe. for our listeners at home or on the radio, it forms a horse shoe. >> it does. >> and they are in gold on our graphic. >> that is smart. >> you were right. are there other names that aren't getting that kind of attention? >> what we would say is some of the building product companies under perform the broader market, the s&p 500 this year, and these stocks are high quality companies with lots of operating leverage. we see good returns and names like mohawk, dominant player. we also like masco. new management stream lining portfolio. that is a transition story which we are bullish on.
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we like fortune brands, one of the best balance sheets and best managed companies in building products. these have had less performance. we are expecting strong performance. >> what about lesser known names. we always do under the radar. do you have any under the radar? maybe smaller cap names? >> we have small cap names -- >> we just did. >> i am thinking maybe more direct housing play stocks. >> so we like smaller names like pgti, manufacturer of impact resistant windows and doors based in florida. we like nor craft, one of the leading high end cabinet manufacturers. we are looking for 1.5 million. this is a long multi year trade that investors should participate in. >> why did you answer her question and not mine? i asked the same one. you are like the home builder
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analysts. she asked and like what did i do wrong? >> where do we start? >> we are talking about today. >> other good names to focus on, nor craft, small cap. we also like pgti out of florida. there are very good small cap opportunities, as well. >> what would you avoid? >> we are cautious on commercial construction. if there is one head wind in the economy it is probably commercial construction. we are not seeing strength in health care and education. government expenditures in these sectors are way down year over year. we are seeing some inflection in education but not enough to get across the goal line. right now we stay on the sidelines and prefer to stay with our repair model. we like housing. housing has good momentum. low interest rates and investors. the feds being cooperative. that is where we want to put our money today.
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>> we appreciate it. >> thanks so much. >> ptgi is a little low for us. it has enough volume and liquidity. >> small caps stand out. >> if it goes up it will eventually make our threshold. >> thank you. one stock getting a huge wind fall from the declining gas prices, a name you probably know but a call that could be interesting. another look at today's mystery chart down 6% over the past month. your first hint was it is not a stock. your second hint is is there a doctor in the house? you can tweet us your guesses. the answer coming up.
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markets moving good. the s&p 500's weakest day in a month. time for something we do every day at this time. street talk hitting analyst calls on stocks you need to know about today. stock number one is a biggy and softy, jp morgan initiating microsoft with an overweight. >> it is only about 7% upside but a hot stock here. there are three factors. microsoft has the strongest cloud platform. the analyst says the grip on the enterprise is unmatched, in other words corporate america, fancy word for enterprise. windows as big as it is microsoft's third biggest product line. the analysts say that is their third biggest.
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>> thatti innishiation. >> it has had a big year. >> don't rain on the pc parade. >> give credit where credit is due. >> bank of america adding fed ex. >> analyst believes the company will capitalize on the profit improvement plan and declining gas prices. fed ex just owns a couple of trucks. you have rising demand and maybe a big cyber monday could benefit fed ex, as well. yesterday was unbearable. and a benefit in the fuel surcharge. positive call on b of a on fed ex up 2.75 a share. >> you have to practice what you preach. you were chastising everybody else for cyber monday. stock number three sun trust with a buy. >> $53 target about 17% upside
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to the current price of scor. they are on the verge of a product cycle. they think the score could be bought, could be a takeout target because the market for advertising metrics, basically people reading your ad is so red hot. >> moving on. stock number four, this is an oil stock. it is baker hues. >> not up much. up to $56.60. starting to see defense in the oil names upgraded to outperform price target $65. stock is down about 12% so it held up a little better than many of the oil companies out there. there is talk out there would it get bought? halliburton, that is why you see the spike on the far right of the graphic. >> today's under the radar name is to you inc. >> they is based in landover, maryland. they were initiated outperform.
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target is 22. about 22% upside. nine analysts cover the stock. tick ticker twou. everybody is bullish on twou. to "talking numbers" we take a look usually at a stock, sometimes something else from a fundamental and technical perspective. let's talk about a company in the news on that friday before last saturday and yesterday the monday. wal-mart on the fundamentals, katie scott on the technicals. dare i say both of you, the rules apply to you, too, if you say cyber you know what you owe a buck to the "street signs" cocktail squad. katie, let's take a look at wal-mart stock first. >> the chart looks great. you really can't not like it as a technical analyst. it broke out above important resistance on back of the earnings report in november, completed a bullish triangle formation and really since then
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it has exhibited very strong positive momentum. also recently we have noticed that wal-mart has started to outperform the s&p 500. that is important to note it has happened along with other consumer staple stocks that you have seen outperformance there. when you see bullish reversal in wal-mart relative to s&p 500 we tend to see positive follow through on an absolute basis. despite the fact that the stock is up by 21% since the october low i think there is further upside. >> so you like it from the chart perspective. give us the fundamental play for wal-mart, the world's biggest retailer, meredith. >> i have an overweight rating on the stock and i would say we see it as a safe haven given its size and the fact that there are issues with the company that we all very well know. in the latest quarter you saw comps turn positive for the first time in seven quarters. we think that was an early indication that things were getting better.
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it is very early to talk about holiday. the information we have gotten so far from them is that they are doing well in part because they have a nicely growing e commerce business. >> it is interesting on the e commerce side wal-mart quietly doing well for a while until recently now not so quietly. has wal-mart really figured this out and can they take on and beat amazon.com at their own game? >> they have some advantages over amazon in that you can pick products up at the store if you don't want it delivered. that is going to be, i think, very costly if amazon wanted to duplicate that. i think they have a good name. people can get to go to the stores and do the show rooming thing if they want to. i think they have a real shot at competing with amazon. >> what is the biggest risk for wal-mart? >> i don't know. i would guess that they say they are very closely tied to the lower income customer and you
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know we could probably make the argument that things are getting better but you never know. it is a fairly fragile group. i would say the biggest risk -- that is the u.s. we are really talking about the u.s. if things get worse for that group then wal-mart -- >> i am going to put you on the spot here. we did not ask you to send charts about the s&p 500. tends to have the lowest draw down. i think that is important that down side risk because of performance chasing or because of the santa claus rally whatever it may be the market tends to keep a bid on december. i do look for a correction early in 2015 and will be watching out
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for the loss of momentum and we will see it in the likes of s&p 500 and the individual stocks more from a market participation perspective. >> and you told me santa claus wasn't real. >> new year scrooge. >> rally to come first and then -- >> thank you guys. be sure to check out the online edition of "talking numbers" in partnership with yahoo finance. let's talk oil. crude oil closing down moments ago finishing. yesterday we had one of the best days in two years. oil came up. today crude oil closing down 2.6%. nat gas closing down more than 3%. the entire energy complex getting hit a bit today. the fight against alzheimer's. that is giving one pharmaceutical stock a big boost today. we will have that story plus we
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hard money mashup. it is copper. down 6% this month. it also hit a 4 1/2 year low over the weekend which could be bad news because copper is often seen as leading indicator for the economy because it is used in so many things like copper wiring for houses. it is obviously a good indicator for things like construction. we have breaking news in the auto front. turns out november was a very large month. let's get back to phil lebeau. what do you got? >> auto data has crunched the numbers. 17.2 million. that was the sales pace for the month of november. the best since we have had 17.45 in july.
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for novembers this is strongest since going back to 2003. in terms of raw numbers you have to go back to 2001. after 9/11 it was when gm said let's go with 0% financing for all vehicles. that was the beginning of getting sales kick started after 9/11. a huge month for november. 17.2. >> let's talk about it for a second. i know you dug into the story before. if you look at new suvs you are talking $50,000. we do stories where we say that incomes have not increased for a decade the middle class is suffering. now we do stories where $60,000 for an suv are jumping off lots. are americans leveraging themselves with nine-year loans? how are people affording this? >> lower interest rates, the number of vehicles being sold
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0%, 1.9% financing, really low interest rates is what we are seeing right now for the auto industry. you combine that with people deciding i'm going to take out a 6.5 or 7 year loan if i can get the monthly payment under $500 and the average in the third quarter was $470. people are also leasing. that is what people are doing. >> sorry to get worked up but i think you see my point. it is weird to do these stories where people are suffering and homes and cars are selling off the lot. it has to be easy credit. >> huge factor. >> thank you very much. let's move from cars to bio techs and hot stocks. we like to do a little work for you here on "street signs." we ran a screener for best performing bio tech stocks. we threw out some that are
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small. here is what we found. the three hottest names geron up 60%. thoratec up 16% and end olodgex up 14%. what else is red hot shares of biogen. let's bring in meg terrell. didn't they skip from phase one to phase three because of the promise that the drug is showing. >> that is why the stock is up so much. people are surprised to see this data. it was a small study. alzheimer's associated with buildups of plaque in the brain. what they saw in the trial is the drug helped reduce the plaques. for the first time the drug showed a reduction in cognitive decline. it benefitted cognitive decline.
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this is the first time according to eric schmidt that any trial has shown this associated with memory loss, the ability to think clearly. they are moving forward into a phase three steaudy. >> they have seen side effects. they are associated with the actual removal of the plaque from the brain. those are things they are looking at. they are testing additional doses but feel they have a safe window to go forward with. >> are you surprised with overall strength? >> it has been incredible to see the run they have had especially after the strong year in 2013. we saw a record number and only continue that this year. analysts tell you that is on the back of earnings for these companies. you see companies really putting up strong numbers on the board. that is driving up the whole sector. >> we hope there is more promise in alzheimer's drugs because people are getting older. the number of people with alzheimer's is going to double.
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>> you find somebody getting younger you let me know. >> thank you so much, meg. >> this is why you avoid this show, isn't it? >> they are going to get a more catchy name. >> it will get a catchy name. it will get a catchy name once it is approved. you should do a whole segment on how drug names come up. they are running out of names. >> throw together a bunch of letters and put a few vowels between. >> i have been popping all day. >> that would happen. more on that sony hack coming up. a spreadsheet with salaries of top executives leaked. a writer writes about that. should any of that happen? guess what the writer -- he is here. we will ask him that coming up next.
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all over the read. i go to north dakota for one day and everything falls apart. i am never leaving again. the dow is up 109 points right now. >> what is happening with the massive hack attack that the fbi is investigating. >> shame on me. the fbi is investigating the massive hack attack against sony. what do we know? what do they know so far? >> what we know is that the fbi is asking the business community for help on this one. they sent out a memo of five-page flash alert alerting them to details involved in this alleged sony hack attack but asking for their help. i am told the bulk of the memo they sent out is zeroes and ones. it is the lines of the actual computer code asking folks to check their systems for this particular piece of code. what the fbi wants to know here is whether other companies are
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experiencing this same attack that sony has seen. they are asking those who have information to report back to the fbi. one of the possibilities is that the north koreans could have been behind this attack. that is that sony had this movie set to come out, a satire, spoof called "the interview." about a potential assassination attempt on the president of north korea. the north koreans have reacted negatively to that. one possibility is that this attack was in response to that movie. what they are saying is they would like help from corporate it managers to see if the attack is going further than just sony. >> thank you very much. appreciate it. while the verdict remains out on who actually performed the hack there is something more that the general public is missing. senior editor at fusion dug deeper. let me set up the story.
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basically you said an anonymous source came to you and said i got the data. you looked at it and felt it was important enough to bring that data to light before we get into the news story, do you think it was the right do? you obviously do but i'm sure you've heard about it from some people? >> sure. it's important to clarify one thing. the documents not sent the me exclusively. they were posted on the internet for anyone to see and down load. i received an anonymous tip as did a number of other publications. i was just the first to dig through and find this specific nugget about the executive salaries at sony pictures. >> you have been leading the story and going into it, i want to ask if any fbi, police, have they contacted you? first off. said what do you know about this? >> i haven't contacted. i don't know anything more about the sony pictures hack than anyone perusing the documents
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would and sony pictures as of yet not responding to my requests for comment. i don't have any inside line on it. >> let's talk about the salaries that you saw. what was most shocking to you? >> what's amazing is there are 17 people at sony pictures according to these documents that have base salaries of $1 million or higher and of those 17, 16 are men. only amy pascal makes more than $1 million in base salary. that just on its own is a really shocking indicator of just how homogenous the leadership of sony pictures is. the more shocking thing is the breadth of the hack. these documents have everything from social security numbers, credit card numbers, user passwords, home addresses, birth daits, dates of raises. lists of people they're planning to lay off or fire. it is really as if the hackers went into the hr department at
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sony pictures and took everything. >> go ahead. >> after you. >> just to back up for two seconds, you were saying about how homogenous the top pay is, it's not just men. it is largely caucasian, as well, right? >> yes. 15 of the 17 we think of the people with base salaries of $1 million or above are caucasian. so it's really -- i mean, no one is very surprised at this point that a large corporation would be run mostly by white men but just to have that broken out, not in terms of seniority but in terms of actual pay is really rare. >> and all the data that you talked about, number one, someone pieced together the data and then spent time and man hours putting it in one file or sony pictures keeps all that information in one file which to me is really, really stupid. >> i mean, it's shocking. i don't think they're alone in
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this but none of these -- almost none of the documents with passwords on them. none of it encrypted i know of. it was all right there in normal excel and word documents. and so, yeah, i think a lot of studios in hollywood and companies, frankly, are going to really be rethinking the security practices now. >> how about as a security practice, kevin, don't put everybody's vital information in one excel spread sheet? would you recommend that as a clear-cut security strategy? >> i think you are safe in suggesting that one. it's just amazing the sort of granular detail just right out there in the open about these people and i think for sony pictures employees, they need to know they're vulnerable and take steps to protect themselves. >> kevin, a real pleasure to come on the program and answer the tough questions. thank you. appreciate it. >> thank you. >> all right. coleslaw and salsa. to some sounds like an
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appetizing combination. to others, not so much. but it's big business for a shark tank contestant. she'll be on our show and we'll sample it live on air next. at wvalues matter.ket, so the fresh fruits and vegetables we sell support organic and sustainable farming. grown locally on over 1000 us farms, and globally with our ethical trade program. rated for sustainability,
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and grown by people with responsible farming practices like stehly farms organics becuse to us, value is inseparable from values. whole foods market, america's healthiest grocery store. 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... ...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
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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. okay. let's take a look at the dow up
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to. we have a nice rally going on here. you know? worst day in a month for the s&p yesterday. dow industrials at 17,892. it's two points away -- now one point away from the intraday record high. me thinks we might break it by the end of today. okay. well, you can still win on "shark tank" even if they don't fund your idea. we're going outside the tank to talk about one entrepreneurs big dream for coleslaw and salsa and make a business as a combination. brian's tucking into it. i believe julia has been featured on "shark tank" and did not get an offer but thought you would get not one but multiple offers. what went wrong? >> well, you know, i don't know if it's the time of the day i pitched. i was the last one on a sunday night. i fully expected with my
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numbers, retailer confidence, with the growth, with the i guess the buyer support that we had, even before going into "shark tank" i thought it was no-brainer. i felt the valuation was spot on. mandy and i brian, i hope you're having a slaw-someday. >> that was awful. he likes road racing and you have a nascar background. i think he had oval prejudice. >> no, i don't know. my background is marketing in nascar. >> i didn't just randomly mention that. >> i helped bobby labonte start his agency and i think the biggest surprise is general mills was a client of mine and i had knowledge of the food industry that perhaps the entrepreneurs didn't come in with. >> didn't work there. let's talk about your business. pretty good. >> spicy.
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>> we haven't tried them all. how do you get better distribution? looking around the here, you're in smaller independent stores. how do you get the wegmans of the world on board? >> we are in krogers and walmarts. up in the northeast we'll be in about 825 more stores come april. the thing with the grocery industry is that we are a slower moving industry. they've reset categories once a year so i have pitched during the summer for a lot of spring resets and we'll be in about 8,000 stores by april. >> i hope you also make the big stadium concession stands, as well. delicious on a hot dog. we have to go. >> good sluck. >> that was slawful, as well. you continue tonight for more of the story here on cnbc. >> thank you for watching "street signs," everybody. >> you meant it. the dow at record high right now. "closing bell" picks up the
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continuing market coverage right now. see you tomorrow. welcome to "the closing bell," everybody. i'm bill griffith. >> i'm sarah eisen. >> welcome. >> thank you, bill. oil is down and just seems to be the way they're liking the trade today. >> classic turnaround tuesday. down yesterday, it's up today and vice versa. >> bill, they might not like this. u.s. banks, do they have too much exposure to american energy producers slammed by the plunging oil prices? some are now worrying that if those firms default on the loans it could be 2009 all over again. we'll take a closer look at that angle. >> what would that do to the yen? >> that is the key question. 1129.23, marching higher. thank you, bill. >> you're welcome. what's the real story on retail? this

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