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Jan 10, 2014
01/14
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. >> joining us mario gabelli, chairman of gabelli firm. >> 215,000 jobs, 230,000 jobs. what's your number and how important is it for you about your investing strategy? >> we don't think about it. because it's not an important element to focus on. what's important is the flow of the economy, the private sector is doing better, the consumer balance sheets good. jobs are getting better. psychology is better. the investment sector which is important, is improving, capital expenditures are coming in. housing i think even with interest rates going up will continue to do well, particularly single family. then finally, federal government has slowed down but state and local is vibrant. receipts are good and exports are good. the economy is going to do well in 2014. >> are you going to kbif give us a number on jobs? >> i don't do that. >> some people are worried when they look at the first six or seven and stumbles. >> it's the january effect. you sell the winners in early january, you stop buying the ones that you wanted to window dress. the losers of last year become the winne
. >> joining us mario gabelli, chairman of gabelli firm. >> 215,000 jobs, 230,000 jobs. what's your number and how important is it for you about your investing strategy? >> we don't think about it. because it's not an important element to focus on. what's important is the flow of the economy, the private sector is doing better, the consumer balance sheets good. jobs are getting better. psychology is better. the investment sector which is important, is improving, capital...
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Jan 22, 2014
01/14
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BLOOMBERG
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to talk about how he works smart, gamco investor and founder mario gabelli.r kodak cmo. you are both in my book. >> that was the one thing you needed to survive to make a great look is the both of us. >> that made it a bestseller. do you agree with what those guys say? >> there is a difference between a w-2 earner and someone who has skin in the game. what is the difference between steve jobs and michael dell, bill gates and the great leaders who founded their company's? we have to nurture that entrepreneurial spirit and praise individuals that go to work at five in the morning and stay up until 12 at night to create jobs and create a competitive advantage. we are not doing that in this country. >>? how do you do it framework, we love entrepreneurial spirits if someone leaves and wants to start their own firm. we invest in them. >> it's ok if they want to leave ? >> that's what we like. we want to lower the barriers. regulation is stifling our ability to come in and go to work and create the next generation of leaders. >> the biggest thing you find is it's no
to talk about how he works smart, gamco investor and founder mario gabelli.r kodak cmo. you are both in my book. >> that was the one thing you needed to survive to make a great look is the both of us. >> that made it a bestseller. do you agree with what those guys say? >> there is a difference between a w-2 earner and someone who has skin in the game. what is the difference between steve jobs and michael dell, bill gates and the great leaders who founded their company's? we...
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Jan 23, 2014
01/14
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BLOOMBERG
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mario gabelli will likely bid for the spectrum through a company he owns called lynch.e was forced to pay $130 million previously but he is back. betty liu asked him why he's getting involved. >> there is a shortage of spectrum and how do you play it? it's on a global basis. what companies will buy each other? michael white and charlie ergan will figure out a way. this is the right time for those two companies to come together. we like them both and think the wrecked tv, the stock will be over $100 in a few years. it currently is at 70 and would like a company in south africa and america. -- and south america. spectrum and its availability and giving mobility and data and cloud and all of that comes together. >> the bidding wars over this have gotten more competitive. you got at&t and verizon not even bidding for the block. >> the quality spectrum will come up with the broadcasters which is an area where we have done quite well. they will maybe give up some of their spectrum in a reverse auction or some other process. the notion of spectrum is like beachfront property -
mario gabelli will likely bid for the spectrum through a company he owns called lynch.e was forced to pay $130 million previously but he is back. betty liu asked him why he's getting involved. >> there is a shortage of spectrum and how do you play it? it's on a global basis. what companies will buy each other? michael white and charlie ergan will figure out a way. this is the right time for those two companies to come together. we like them both and think the wrecked tv, the stock will be...
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Jan 22, 2014
01/14
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BLOOMBERG
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mario gabelli will be on bloomberg television, what would you want to ask him?would have -- if i look at the spectrum bands they will be auctioned over the next several years, the auction is the beginning of a multiyear process. if i look out over the band, the expectation is that there is $50 billion of capital spending about threel to years of free cash flow in the wireless industry. it means that the industry is not going to generate any money for years. in order to pay for the amount of spectrum that the industry supposedly needs. money going to come from? i guess that is the real question. if all of this spectrum keeps going up in value? >> in the long run it comes from us. is there a possible new use for spectrum that we are not thinking about right now? talking about the big for carriers, could someone create a data carrier for someone just like that? >> we have seen a couple of people try that. square is in bankruptcy court right now, unrelated to fundamental demand. dish network, the satellite-tv operator, is also amassing spectrum. is thatthe expectati
mario gabelli will be on bloomberg television, what would you want to ask him?would have -- if i look at the spectrum bands they will be auctioned over the next several years, the auction is the beginning of a multiyear process. if i look out over the band, the expectation is that there is $50 billion of capital spending about threel to years of free cash flow in the wireless industry. it means that the industry is not going to generate any money for years. in order to pay for the amount of...
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Jan 15, 2014
01/14
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BLOOMBERG
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mario gabelli, one of the bidders in the auction of u.s. airways. chairman of the holding owns lynch three g communications. -- meeting demand demand for smartphones, devices, and cars. concerned that the 765 million dollars set aside will not be enough to pay the cost for the 20,000 retired players covered by the deal. the judge is asking for more financial analysis from the two side. those are top headlines. there was a lot of focus on all the times that people got hit and knocked out. >> good morning. michael mckee is a broncos fan. we cannot explain this. the doctors can take a guy right out of the game. >> that is the protocol. >> the players do not want to leave the game. >> the players never want to leave the game. but they can pull them right out. scarlet, we have some great ones today. -- ofdall stephenson, the at&t. he is writing in his capacity as a new chairman of the business roundtable, which is an association of ceo's of big u.s. companies. in the german -- in the journal, oneays we're stumbling from fiscal crisis to the next, so busi
mario gabelli, one of the bidders in the auction of u.s. airways. chairman of the holding owns lynch three g communications. -- meeting demand demand for smartphones, devices, and cars. concerned that the 765 million dollars set aside will not be enough to pay the cost for the 20,000 retired players covered by the deal. the judge is asking for more financial analysis from the two side. those are top headlines. there was a lot of focus on all the times that people got hit and knocked out....