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Feb 29, 2012
02/12
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by predicting that things were about to take a turn for the better, and then when things in fact flatlined or took a turn for the worse, they looked foolish. what you are hearing now is a greater caution on their part about finally pronouncing that the economy has turned the corner. >> one of the looming concerns, and we have heard a moment of that a little bit ago but, that is the potential of gas prices and oil prices and energy prices and the impact that it would have on any economic recovery and the highser the gas prices go, the more on the economy and every $10 increase in the price of gas the economy extends 2.2 percentage points slower this year. that is obviously, if you get a 20 or 30 or $50 increase in gas which we have seen in past years that could be a significant hit to growth, but the current level of oil prices is not in and of itself going to be enough to derail the economy. >> i want to ask you about the twitter feeds and for those who want to follow you where can can they follow you? >> @applebalm. >> could you tell me, mr. bernan bernanke, do you do your own shopping at
by predicting that things were about to take a turn for the better, and then when things in fact flatlined or took a turn for the worse, they looked foolish. what you are hearing now is a greater caution on their part about finally pronouncing that the economy has turned the corner. >> one of the looming concerns, and we have heard a moment of that a little bit ago but, that is the potential of gas prices and oil prices and energy prices and the impact that it would have on any economic...
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Feb 29, 2012
02/12
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CSPAN3
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of the economy by predicting things were about to take a turn for the better and then when things flatlined or took a turn for the worse they looked foolish. you are now hearing a greater caution on pronouncing the economy has turned the corner. >> we heard a moment ago about the potential of higher gas prices, oil prices and energy prices overall and the impact on any economic recovery. >> the higher gas prices go, the greater the impact on the economy. there is an estimate that every $10 increase in gas the economy will expend .2 percentage points slower this year. that's obviously if you get to $20 to $50 increase in the price of gas which we have seen, it could be a significant hit to growth. but the current level of oil prices is not enough in and of itself to derail the economy. >> for those who want to follow you, where can they find you? >> bcappelbaum on b twitter. >> mr. bernanke would you tell me whether you do your own shopping at the grocery store? why did congressman paul ask that? >> he is pointing out that the price of food has been increasing and when the fed talks about th
of the economy by predicting things were about to take a turn for the better and then when things flatlined or took a turn for the worse they looked foolish. you are now hearing a greater caution on pronouncing the economy has turned the corner. >> we heard a moment ago about the potential of higher gas prices, oil prices and energy prices overall and the impact on any economic recovery. >> the higher gas prices go, the greater the impact on the economy. there is an estimate that...
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Feb 9, 2012
02/12
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CNBC
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ford is going to flatline until europe is fixed.o alex in the sunshine state, florida, alex. >> caller: booyah, walgreen -- >> walgreen's is in a pickle here, they did not do the scripts deal. so they are a push. jeff in florida. >> caller: a big warm booyah from florida. >> man, we have a lot of sunshine today. >> caller: i've been holding on to linn energy because of their great dividend.. >> everything is up in the air in oil and gas, i do not mind it, but i no longer like it as much. i would like to see 8% yield before i step up. let's go to misty in ohio. >> caller: i'm calling from ohio, a big time booyah to you. >> that is an awesome booyah, the best in show. >> caller: what can you tell me about alcoa. >> they are debating closing another plant in australia. if europe comes back they go back to 14. i think it's okay, i cannot recommend it. that ladies and gentlemen is the conclusion of the lightning round. in what passes for common sense. used to be we socked money away and expected it to grow. then the world changed... and
ford is going to flatline until europe is fixed.o alex in the sunshine state, florida, alex. >> caller: booyah, walgreen -- >> walgreen's is in a pickle here, they did not do the scripts deal. so they are a push. jeff in florida. >> caller: a big warm booyah from florida. >> man, we have a lot of sunshine today. >> caller: i've been holding on to linn energy because of their great dividend.. >> everything is up in the air in oil and gas, i do not mind it, but...
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Feb 29, 2012
02/12
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the dow jones industrial average taking a dip but recovering here, back towards the flatline, showing of six points. s&p 500 nearly flat on the session. let turn our attention to the nasdaq, as well, which we have been watching closely because of apple. shares of apple, apple shares up another 1.5% today. standing over half a trillion dollars in market cap. 536.27 is where apple needs to be to be above that level. also the nasdaq above 3,000 for the first time since december of 2000. next guest is a bigger bull in microsoft than an apple. we bring in colin gillis. we'll be brief because of the fed chairman. but that's the way we frame it today. you say microsoft is a better buy than apple, why? >> it's a value play. if you're looking at two names, look at apple with its market cap the largest listed company out there, it's only got, you know, room to fall. and if you look at what's happening in the landscape for tablets and for phones, all right, windows 8 is going to be an excellent product. it just got the consumer preview announced in barcelona and also the other fact we want to th
the dow jones industrial average taking a dip but recovering here, back towards the flatline, showing of six points. s&p 500 nearly flat on the session. let turn our attention to the nasdaq, as well, which we have been watching closely because of apple. shares of apple, apple shares up another 1.5% today. standing over half a trillion dollars in market cap. 536.27 is where apple needs to be to be above that level. also the nasdaq above 3,000 for the first time since december of 2000. next...
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Feb 14, 2012
02/12
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MSNBC
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they are still flatlined, the way they have been most of the year. he gets between 25%, 28%, sometimes up to 30%, sometimes down to the 2%, but he's always in the range. those are the people who accept mitt romney as the nominee. and the rest of the republican party continues to look for someone else. someone they consider a more authentic considerate or someone that is not mitt romney, so now those people have flocked to rick santorum. >> he is again pounding home that he's a conservative, he says that in his speeches. there's a new ad running in michigan today. let's take a look at it. ♪ >> i'm rick santorum and i approve this message. >> dave, what do you think about that? it is in the familiarly slick. you probably could have done it on your home computer but it does give a powerful message out. >> i suppose it does. one thing that is bolstering rick santorum in these states is that he hadn't been attacked. he was part of a round-up in ron paul's ads early in the campaign in iowa, but he has not been -- in the contests we saw last week with no de
they are still flatlined, the way they have been most of the year. he gets between 25%, 28%, sometimes up to 30%, sometimes down to the 2%, but he's always in the range. those are the people who accept mitt romney as the nominee. and the rest of the republican party continues to look for someone else. someone they consider a more authentic considerate or someone that is not mitt romney, so now those people have flocked to rick santorum. >> he is again pounding home that he's a...
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Feb 9, 2012
02/12
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CNBC
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we've been on both sides of the flatline. nasdaq fairing the best of the bunch.ix is actually higher today 1.2% but still underneath that 19-mark. oil prices, wti crude flirting with $100 but just below that point right now. gold higher, dollar a little weaker and the 10-year up above 2% for the yield. let's look at the winners and losers today of the s&p 500. acamai still higher. trip advisor, the worst of the bunch, down more than 13% after those earnings. let's get a quick check on what's going on with metals. they're closing right now. sharon epperson for us at the nymex. >> courtney, we are looking at gold and silver prices. that final trade coming in right now with gold right around 1740 an ounce and silver just above that $34 level. keep in mind though we've given up quite a bit of the gains as the euros come off of its highs. we've seen the metals do the same. of course a lot of traders still looking at what potential shoe could drop in europe may be and also waiting to see what is next in terms of u.s. economic data. i'm joined now by lou grasso. we are
we've been on both sides of the flatline. nasdaq fairing the best of the bunch.ix is actually higher today 1.2% but still underneath that 19-mark. oil prices, wti crude flirting with $100 but just below that point right now. gold higher, dollar a little weaker and the 10-year up above 2% for the yield. let's look at the winners and losers today of the s&p 500. acamai still higher. trip advisor, the worst of the bunch, down more than 13% after those earnings. let's get a quick check on...
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Feb 5, 2012
02/12
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CSPAN2
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because it happens to be flatline correct nowdays. the country is -- the invisible hand has us in its grip. but it's not harvard grads that are wrecking wichita, carnes right now. it's people following the dictates of the market. but that's their critique, and they hammer it home with -- with incredibly powerful rhetoric. they rip off the rhetoric from the 1930s, and the democrats take no notice of it. yeah, experts, that's us. we're them. again and again they walk right into the buzz saw. send those troops over the top, you know. epray here we come, you know? if they're so good damn smart why haven't they looked -- it's not just me talking about conservative strategy. there's a whole body of literature talking about conservative populism. this is a well-known phenomenon but the democratic leadership in this city never gets it and never figures out, how would democrats counter right wing populism. maybe they can be pop pop lists on their own. i talk about there is too much. i'm shutting up now. >> how did the conservatives get the eco
because it happens to be flatline correct nowdays. the country is -- the invisible hand has us in its grip. but it's not harvard grads that are wrecking wichita, carnes right now. it's people following the dictates of the market. but that's their critique, and they hammer it home with -- with incredibly powerful rhetoric. they rip off the rhetoric from the 1930s, and the democrats take no notice of it. yeah, experts, that's us. we're them. again and again they walk right into the buzz saw. send...
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Feb 15, 2012
02/12
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CNBC
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in a declining gdp situation and even france and germany, which are supposedly very strong are flatlining here. i think the data is getting worse, the market reactions to bullish news are getting worse. given that, i think we're going to see the euro currency below 1.30 and i'm pressing short positions. >> we're less than an hour away from the fed potentially moving markets and making history at 2:00 p.m. eastern we'll get the latest minutes and the rates slow until 2014 promise. cnbc's senior economics reporter steve liesman is here to tell us what we should expect from a trading perspective. what do you think the eye of the storm will be, steve? >> i think there's two pieces that are happening, will happen at 2:00. one is in the past, that's going to inform the future. and one is going to be specifically in the present. we're going to get new information, the fed is going do make more history here. what we're going to get in the minutes today is some information on the outlook for the balance sheet. the balance sheet of course, once they brought interest rates to zero, the balance sheet
in a declining gdp situation and even france and germany, which are supposedly very strong are flatlining here. i think the data is getting worse, the market reactions to bullish news are getting worse. given that, i think we're going to see the euro currency below 1.30 and i'm pressing short positions. >> we're less than an hour away from the fed potentially moving markets and making history at 2:00 p.m. eastern we'll get the latest minutes and the rates slow until 2014 promise. cnbc's...
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Feb 25, 2012
02/12
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MSNBC
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steady progression of favorability moving up for santorum, straight down for newt gingrich and pretty flatlinedu think, that might be going on? sort of contraception debite be damned, transvaginal ultrasounds, none of that, but the sense that women, in this case gop women, actually throwing their support increasingly behind rick santorum. is this like the very inversion of identity politics or a different version of identity politics? >> a different kind. i'm completely unsurprised that conservative women are getting behind rick santorum. he's principled, quote unquote pro life. he's against unwed mothers, things like that. and in the context of conservative voters, he's a perfect candidate. i think what i can see happening is women are thinking, well at least he's talking about my issues. at least he's talking about abortion, you know, romney doesn't seem to be very principled. he doesn't seem to be even talking about these sort of things. he's waving it off like it doesn't matter. i think when it comes to birth control, rick santorum at this point has publicly said during the election campaig
steady progression of favorability moving up for santorum, straight down for newt gingrich and pretty flatlinedu think, that might be going on? sort of contraception debite be damned, transvaginal ultrasounds, none of that, but the sense that women, in this case gop women, actually throwing their support increasingly behind rick santorum. is this like the very inversion of identity politics or a different version of identity politics? >> a different kind. i'm completely unsurprised that...
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Feb 29, 2012
02/12
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CSPAN
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the heartbeat of america manufacturing was flatline. and we had to make a choice. with the economy in a complete free fall, there were no private investors or companies out there willing to take a chance on the automotive industry. nobody was lining of to give you guys or loans. anyone in the financial sector can tell you that. so we could have kept giving billions of dollars of taxpayer dollars to the automaker's without demanding the real changes or can ability that was needed. that was one option, but that would not have solved anything. sooner or later, we would have run out of money. we could have just kicked the problem down the road. the other option was to do absolutely nothing and let these companies bail, and you will recall that there were some politicians that said we should do that. some even said we should let detroit go bankrupt. you remember that. think about what that choice would have meant for this country, if we had turned our backs on you, if america had thrown in the towel, if gm and chrysler had gone under. the suppliers, distributors would h
the heartbeat of america manufacturing was flatline. and we had to make a choice. with the economy in a complete free fall, there were no private investors or companies out there willing to take a chance on the automotive industry. nobody was lining of to give you guys or loans. anyone in the financial sector can tell you that. so we could have kept giving billions of dollars of taxpayer dollars to the automaker's without demanding the real changes or can ability that was needed. that was one...
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Feb 9, 2012
02/12
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but the dow managed to hang on, and it's still trading awfully close to the flatline.york city on tuesday. what's next? we'll have a special guest in a couple of moments with darren rovell as we await victor cruz's arrival. but some of the players now in the offseason are going to have to be revalued as we go into training camp this fall. >> yeah. and we're going to talk to victor cruz, about him getting this award from vizio, a top value performer. that me the guy makes $450,000 a year. and without victor cruz, who knows where the giants would be? the wide receiver had a breakout season. today, again, as i said he is being awarded this vizio top value performer award given to the athlete whose performance on the field outpaced their salary by the widest margin. victor, thanks so much for joining us on cnbc. you know, as i was saying, you made $450,000 this year. i know you're basking in the glow of winning the super bowl. i got that at $292 per receiving yard. are you concerned about being underpaid at all? >> you know, that's never my concern. my concern is just to g
but the dow managed to hang on, and it's still trading awfully close to the flatline.york city on tuesday. what's next? we'll have a special guest in a couple of moments with darren rovell as we await victor cruz's arrival. but some of the players now in the offseason are going to have to be revalued as we go into training camp this fall. >> yeah. and we're going to talk to victor cruz, about him getting this award from vizio, a top value performer. that me the guy makes $450,000 a year....
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Feb 29, 2012
02/12
by
CSPAN
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eye 85
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the heartbeat of american manufacturing was flatlining. and we had to make a choice. with the economy in complete freefall, there were no private investors or companies out there willing to take a chance on the auto industry. nobody was lining up to give you guys loans. anyone in the financial stecter -- sector can tell you that. so we could have kept giving billions of dollars of taxpayer dollars to automakers without demanding the real changes or accountability and return that were needed. that was one option. but that wouldn't have solved anything in the long-term. sooner or later we would have run out of money. could have just kicked the problem down the road. the other option was to do absolutely nothing and let these companies fail. and you will recall there were some politicians who said we should do that. some even said we should let detroit go bankrupt. you remember that. think about what that choice would have meant for this country. if we had turned our backs on you. america throwing in the towel, if g.m. and chrysler had gone under. the suppliers, the dist
the heartbeat of american manufacturing was flatlining. and we had to make a choice. with the economy in complete freefall, there were no private investors or companies out there willing to take a chance on the auto industry. nobody was lining up to give you guys loans. anyone in the financial stecter -- sector can tell you that. so we could have kept giving billions of dollars of taxpayer dollars to automakers without demanding the real changes or accountability and return that were needed....
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Feb 2, 2012
02/12
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CSPAN
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we're able to have a flatline number out there that everyone can see, that everyone can process through. so while we're fighting to be able to manage the budget and to be able to work through the realities that are out there of inflation, and i understand fully the principle of inflation and how that fits into your buying power. but while we're fighting through those realities, we're not fighting against ourselves. we understand that the number that's been presented to us is not including some arbitrary number that's been invented that congress did not come up with. but it's a number that we came up with as congress. and said, this is the projection and this is where we're headed. so the best thing that i think we can do is create a neutral budgeting process. and the way to do that is to have this kind of simple reform and baseline. control the baseline spending by not having the automatic increases, have the baseline be the baseline, don't put something out in the future that was not passed by congress and assume congress is going to then follow the lead of c.b.o. but assume that congr
we're able to have a flatline number out there that everyone can see, that everyone can process through. so while we're fighting to be able to manage the budget and to be able to work through the realities that are out there of inflation, and i understand fully the principle of inflation and how that fits into your buying power. but while we're fighting through those realities, we're not fighting against ourselves. we understand that the number that's been presented to us is not including some...
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Feb 11, 2012
02/12
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CSPAN
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eye 142
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we have to flatline that baseline. we can no longer continue to spend 5% to 8% every year.solution. there is bipartisan support for this, and i think the reason it makes sense, but we know we have to try all the things we know is not going to work before we get to the things that will work. >> the balance -- the budget would be balanced by the time the amendment kicks in. >> great answers. one question i'd like to ask both of you. senator, what type of balanced budget amendment matters, because when i got to this town in the 1980's, there was a liberal senator named paul simon, and he had a balanced budget amendment. i am sure no one in this room would support his plan to balance the budget. >> it is an excuse to raise taxes and do additional spending. i believe the democrats are always looking for a way to expand the reach of government. as i tell people in wyoming, you do not want to send them the money in washington because they will spend it. we need to have a balanced budget amendment that ties spending to the size of the economy, and the republican bill, co-sponsored
we have to flatline that baseline. we can no longer continue to spend 5% to 8% every year.solution. there is bipartisan support for this, and i think the reason it makes sense, but we know we have to try all the things we know is not going to work before we get to the things that will work. >> the balance -- the budget would be balanced by the time the amendment kicks in. >> great answers. one question i'd like to ask both of you. senator, what type of balanced budget amendment...
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Feb 28, 2012
02/12
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CSPAN3
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about 1998, we were picking up a couple seats a year, and then oddly, between 1998 and 2008, we flatlined. women stopped running. the number of nominees for congress in that decade, '98-2008 increased by exactly 11. 11. what's up with that? captioning performed by vitac captions copyright national cable satellite corp. 2008
about 1998, we were picking up a couple seats a year, and then oddly, between 1998 and 2008, we flatlined. women stopped running. the number of nominees for congress in that decade, '98-2008 increased by exactly 11. 11. what's up with that? captioning performed by vitac captions copyright national cable satellite corp. 2008