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tv   On the Money  NBC  February 15, 2015 5:00am-5:31am EST

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hi everyone. i'm becky quickly reporting from the beautiful pebble beach golf club where leadsers from the world of money and business have gathered. it is a blooming business. this valentine's day weekend we'll talk to the man who founded 1-800-flowers about the business of love. and speaking of love the biggest mistakes in love and money who how to avoid them. "on the money"starts right now. >> this is "on the money." your money. your life, your future. now becky quick. >> for the second month in a row disappointing retail sales number. it fell .8% well below
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expectations, partly due to falling gas but auto sales and other discretionaries fell as well. consumers may up more than two-thirds so this is always chosely watched. stocks touched new highs on friday after fears eased in greece. and oil rebounded. and a mixed earnings picture this week. coke and pepsi both beat expectations aztec giant cisco. tesla fell well short though. expedia and orbts are now travel buddies. expedia buying orbitz for about $1 billion. and also bought travelosity. >> this is a robot dog designed by boston dynamics. a company owned by google. they want people to try and knock over spot just to show how well-balanced it is. by the way don't try it at home.
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>> it was 100 years ago at&t lines were used to complete the first phone call, with cables stretching from new york to san francisco. things have changed a little since then. today at&t is the second largest phone supplier. and i asked president obaishish about. >> it is a big issue with everything we've seen from home deep to sony. it is proving to be -- the issue is real now. and it is not justing? a little pit of a problem. as the major problem. not just for business but national security. think the implicationings are that significant. and congress has been talking about this. and the president has been working this issue for quite some time. and we don't feel like we're much closerser a solution for addressing this than we were a couple of years ago. and the couple of things are
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going to have to happen. and we're going to get a thing in place to allow the government to share information freely and openly but to do that the company is going to have to step up and provide liability protection. so there is a couple of key elements going to be required. and it is not going to be an easy issue to address. but it is an issue f that is of national security and importance. >> how safe do you think at&t's network is and how safe to you as person feel. >> we believe our network is very secure. but nobody should be too boastful about too proud about their security. because there are people that really have a major interest in cracking security of networks. cracking security of companies. so it is just one of those things you have to invest aggressively and you have to stay constantly diligent about it. >> you have said recently that at&t is going to look like a very different company down the
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road. and there are a lot of things you can point to. the directv acquisition. the big investment you have just made in mexico. and i just wonder. the new company t new at&t going to look a lot more like a comcast and a lot less like a verizon down the road? >> i think wore going to be a very different animal from either of those to be honest you. you ma the comment about down the road. it is not so far down the road. directv we believe closes the first half of this year. our number one revenue share comes from our enterprise business. wired and wireless services we sell to enterprises. in fact when you look at our wireless business, virtually all of the growth is coming from the b2b. the second largest is tv and broadband that we sell to the consumer. we close directv, that
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immediately becomes a very large scale brand that is profitable. as soon as we close it. >> on net neutrality, that changes the playing field a lot for you. i wonder how you think that is going to change the at&t of the future? and second, are you taking the fcc to court r court on this? >> we've been talking about net new translate for a long time. and net neutrality used to mean preserving free and open internet. customers could get to the content they wanted without any distractions or blocking and without any prioritization. so we've all said that is the right motivation. the right ambition, a free and open internet. we have now under the president's urging with the fcc moved from pursuing a free and open internet to regulating the internet end to end. and that is the part that quite frankly is a little puzzling to us. you think about what's happened over the last decade. mobile internet being built out.
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fiber being deployed as aggressively as anywhere in the world. silicon valley the envy of the world. and you ask how do you preserve that and maybe even accelerate that pace? i think most people the first answer would not be regulate end to end. right? so we think there is a solution that can get us there that doesn't go as far as regulating the internet. but it seems like the fcc and the administration are committed to this path. if they are, yeah there will be litigation. i won't tell you exactly what form that will take. it may take the form of industry, movement and so forth. but there will be litigation. it is quite certain that that will be the case. >> i'd like to talk to you also about a another huge initiative that at&t has done and that's trying to make sure people don't text and drive. right. >> an initiative i think you have been supporting several years. something like 5 million people
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you have who have actually pledged. and i want to ask do you think we're making progress on this. >> we're not making enough. i still get letters. young kids are dying. and 200,000 accidents a year are occurring as a result f texting and driving. and it is a situation that we just can't sit idly by and allow to go without being addressed. it is going at some point require some type of legislative action. what we're trying to do is make texting and driving as unacceptable as drinking and driving. because it is dangerous. very dangerous. and kids are dying. and so it's something we feel we need to be in front of. we need to continue to push the needle on this and get some progress in this area. >> randall. thank you for your time today. >> thank you becky. >> up next. "on the money." the sweet smell of success. 1-800-flowers is expanding the men you and why it's founder says be iz is blooming.
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and secret to success and staying together and how to have the hard conversations with your spouse about spending. take a look at how the stock market ended the week as we go to
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. welcome back to pebble beach. sending flowers has long been a way to say thank you or just because. and this valentine day is one of the busiest days of the year for companies like 1-800-flowers. joining us is it founder and ceo jim mccann. thank you for joining us today. >> good to be with you becky. >> so this is a huge holiday for you. two major billion dollar
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holidays, valentine's day and mother's day. and there are a lot of things that can go wrong along the way. one would be bad weather. what happens when you get bad weather one on one of and what happens when consumers cut back own spending? >> we don't like either of those occurrences, becky. last year wii experienced a love storm on the east coastcrippled the united states. and had a tough effect of on business. >> we had a good run of consumer sentiment improvement over the last five or six months and that's a put wind in our sales. so we are discretionary item. when it comes to occasions like valentine's and mother's day we're not quite as discretionary as people think but still economic conditions effect. >> when you say you have seen improvement in consumer
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sentiment over the last five or six months that coincide with the lower gas prices. is that what you think has been helping out? >> i don't think we've seen that impact. that is the more recent 30, 60 daytime frame we've seen that. >> one thing ive always been impressed we is how quickly you adapt to now technology and bring in new trends you. founded it nearly 40 years ool. last year acquired the gourmet gift basket harry and david. and done things like moving into the internet before anybody else was there. i wonder what kind of changeous see the next few years for the industry. >> becky you're right. we've tried to integrate changes that might impact how a customers comes the shop. we embraced the internet. the fourth wave frankly is right now. and i think it is the most impactful and the most exciting. the as three-headed wave. everything about local.
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everything about social. and certainly everything about mobile. we've been able to invest in those technologies or space, particularly mobile. pretty aggressively in the last six or seven years and it is really paying dividends now. because everything o about our business now is mobile. so we're omni channel. however you want to come to us and we're multibrand. so we have brands for all kinds of occasions. the acquisition of harry and david that you mentioned gives us a much deeper penetration into the leading gourmet good gift brand harry and david and food gifts. so flower has been growing mid single digits with double digit bottom line growth the last few years. the food business growing faster and that is why we felt confident to make the acquisition of a terrific brand and terrific product likes harry and david. >> you know, 20th century fox recently changed its name to 21st century fox. and in an era of dotcom and mobile and online, i just
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wonder, 1-800-flowers, is that always going to be the name of the company? >> i'm not good at predicting the future any further than 12 or 24 mounts out in terms of technology. when tv came out everyone said radio would go i a way. it still hasn't gone away. and we want to be omni channel, so however it is streeconvenien reach us. and we don't see the need to change the name any time soon. >> what is the hottest selling flower over the van tans day? >> roses are always a popular item at valentine's day. and the variety and colors we can make available at valentine's day is so much better than they were even ten years ago, five years ago. the quality, the breadth of colors. so roses are very popular. but lilies have pulled almost in parallel to them in terms of volume and value. so lilies can last so long.
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and you get those really deep and interesting colors. and when you pad them with roses you really have a winner. no one is going to make a mistake. >> plus they smell great too. >> they sure do. >> thank you for joining us. >> good to be with you. >> up next. "on the money." dollars and sense. making sure romance and money go hand in hand. the biggest mistakes couples make with money and how to them. and later one of the most picturesque golf courses. and one of the men who hones it is a familiar name. we'll talk to peter
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hi everyone. welcome back from pebble beach. this valentine's day weekend, most people's thoughts turn to love. ours of course turn to money and how partners make, manage and
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invest. a lot of people make mistakes on the way. personal fnt sharon epperson joins us to talk about love, money and future. three things we all want to know about sharon. >> the first step in navigating with your partner is to be aware of the common mistakes many couples make. >> if you have a secret, whether a hidden account or debt that is out there or spending that you are not telling your partner about, come clean. because it is really hard to have -- have marital bliss if there is not financial harmony. >> ellen rogue season author of "picture your prosperity" and points out another bigs mistake is focussing too much attention on how you're saving, and investing without first figuring how wha you really want from your money now and in the future. >> what are the dos and don'ts? >> ellen brings up a good point. that is don't hide your money.
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don't hide accounts. don't hide credit cards. e with looked at the citi double cash survey that found one out out of four americans in a committed relationship have a private account their significant other does not know about. that is not a good thing. >> what? 25%. >> you don't want to hide money from your spouse our partner. >> no. >> so that is one thing that is a big no no. so the other thing you don't feel like you want to be financially rescued. and this maybe people think effects the woman in a rela it could be either man or woman. you don't want to goat into the relationships thinking i don't handle money that well but they do. so they will handle it. you want to be financially responsible yourself. and also make sure that you don't get overly emotional when discussing money. because that is when you make mistakes. you get so angry whoen you open a bill, i didn't know they bought it. and likely to get into an argument and not resolve the issue. so don't get overly emotional
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either. >> what are couples should do. >> this is for everyone. know what you own and also what you owe. so that mean going back and finding out what your significant other may owe and student loan debt and other debts. and in terms of the assets and all of these things. and also know how you want to handle money. because you are going to work together as a team. it is very important that you treat money matters a as a team and understand how you each relate to money, .sychologically, emotionally as something very important. and the way you do that is to have regular conversations about money. a lot of people want to avoid an argument so they avoid the conversation all together and it is something you n to sit down and talk about. >> yeahky completely understand that. but how do you actually get the conversation started? >> the nitty-gritty is that you have to have a conversar i thin budget. really like look at wh coming i. what is going out.
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have concrete numbers to talk about and sit down and review those numbers. you need a starting point and that is a great place to start. >> all right. excellent advice. sharon, thank you as always. >> sure. >> up next "on the money," a look at the news for the week ahead. and you may remember peter ueberroth. the man who made the l.a. olympics profitable. and now he's one of the many owners of the pebb. pe nn
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for more on our show and our on guests. you can go to our website. here interest stories coming up that may impact your money this week. earnings keep coming, including walmart, priceline, marriott, and john deere. monday all the markets are closed for the holiday. tuesday marks 43 years since lincoln left for his historic trip to china in 1972. wednesday we get housing starts for january. also wednesday the federal reserve will release minutes from its last meeting. that is alms a closely watched event. and pitchers and catchers report for spring training. that means the nice weather can't be all that far behind.
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peter ueberroth has had all kinds of triumphs. and now he's co-owner and chairman of the bebl beach company. i asked how he's protecting the of this golf course. >> when i had a chance to buy this great property, 5,000 akch acres who has cared for it very well. and it was a dream for me. and put together a group of people. and we're not going to ever sell it. and it is going to be number one golf course that anybody can play. not a private course but public course. number one basically in the world. >> i look around when i walk it. and you see the bob hope pictures. bing crosbiy and the plaques pu up for him. bill murray, you. clint eastwood. pretty historic. >> and all the champions. >> yeah. >> any amateur golfer from the public can go walk in the same
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footsteps that people won the u.s. open here. and played several times. and a amateur, a fan, to participate in a real sport it just doesn't happen. ase a baseball commissioner and i never could play one inning. i may not have been very good but i still couldn't play one inning. >> and also making sure you are keeping everything up to standards. how do you balance the preservation with the development that has to take place? >> we have patience but we're not going to develop more. you know, it is -- half of this is totally open space. and we're -- of our land. and that is the way it is going to stay. this place for the 17 mile drive. the 5,000 acres needs to be preserved for people for many generations. >> you know, speaking of the olympics. i know boston is trying to put a bid together now. i wonder what you think the odds are there and if you think they would be a good place for the limp zblix that's easy. boston would be a great place for the olympics. super great.
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seco secondly i read ale new about h going to be very costly. it won't be. they have private sector people doing it and if they are smart and build things the public will use forever and obviously build temporary things. and it will work. and it won't cost the people of massachusetts anything. they should -- we had a huge surplus after our games. $224 million. and it's all gone -- not to us. we never kept it. we distributed it to youth and sports in the country. so we didn't a penny's worth of donations. and we didn't take any kind of government money. >> our thanks to peter ueberroth. that is the show for today. i'm becky quick. thank you for joining me. man versus the scene. who wins. next week we talk about artificial intelligence. should we be afraid or will it bring benefit wes can't even imagine yet? each week we're "on the money." have a great one and i'll see you ne
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suburbs and the city, the snow created some dangerous driving conditions overnight. blowing snow made it hard for drivers to see, causing problems all across the region. as the snow moved out, the dangerous cold and wind moved in, knocking down trees and leaving some people without power. this is a live look at the center city skyline right now. you will definitely want to wear quite a few layers as you head out this morning. good morning. this is nbc 10 news today. i'm rosemary connors. it's 5:30 on this sunday. meteorologist michelle grossman is tracking the subzero windchills this morning. and michelle, these conditions can be dangerous. >> oh, absolutely, especially if you are spending any time outdoors. we're looking at dan

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