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for "nightly business report," i'm robert frank. >> that does it for us tonight. i'm sue herera. thanks for joining us. have a great evening. i'll see you tomorrow. i told them. i said all along there was a second chamber. you know what this means? the name of beresford will become the stuff of legend.
for "nightly business report," i'm robert frank. >> that does it for us tonight. i'm sue herera. thanks for joining us. have a great evening. i'll see you tomorrow. i told them. i said all along there was a second chamber. you know what this means? the name of beresford will become the stuff of legend.
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Apr 5, 2016
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for "nightly business report," i'm robert frank. >> that does it for us tonight. i'm sue herera. thanks for joining us. have a great evening. have a great evening. i'll see you tomorrow. announcer: "imagemakers" is made possible by the members of kqed. [ keyboard clacking ] [ whoosh! ] [ light switch clicks ] [ train passing ] [ indistinct announcement over p.a. system ]
for "nightly business report," i'm robert frank. >> that does it for us tonight. i'm sue herera. thanks for joining us. have a great evening. have a great evening. i'll see you tomorrow. announcer: "imagemakers" is made possible by the members of kqed. [ keyboard clacking ] [ whoosh! ] [ light switch clicks ] [ train passing ] [ indistinct announcement over p.a. system ]
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Apr 20, 2016
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robert frank. let's get to a couple pieces of business before we run.at boeing today to a sell at bank of america merrill lynch. the most damning line in the whole thing, they assume the 787 will generate $29 billion of cash by q-1 of '22. our analysis shows only $14 billion. boeing says 22, these guys say 14. i say sell the stock. >> profit gains are unattainable. in the short term, scott, i think there is enough pressure right there to put this stock to the down side a little bit. but when you look at the backlog, i think for the long term, i like boeing. >> that could be a revenue recognition thing more than factoring in what they make. >> bite stock here? >> no, not yet. >> you can buy it eventually. everyone wants to own boeing. >> anybody own it now? >> no. >> the end of the cycle is called for a little bit. >> show you a quick picture before we go. carl icahn celebrating donald trump's big win in the new york primary last evening. i caught up with both of them. well, we're a little late on. that you get the point. hopefully you get the picture. h
robert frank. let's get to a couple pieces of business before we run.at boeing today to a sell at bank of america merrill lynch. the most damning line in the whole thing, they assume the 787 will generate $29 billion of cash by q-1 of '22. our analysis shows only $14 billion. boeing says 22, these guys say 14. i say sell the stock. >> profit gains are unattainable. in the short term, scott, i think there is enough pressure right there to put this stock to the down side a little bit. but...
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Apr 8, 2016
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for "nightly business report," i'm robert frank. >>> tech giant yahoo! has reportedly found a bidder. and that the where we begin tonight's "market focus." according to a bloomberg report, phone carrier verizon communications will make a bid as soon as next week for the company's core business and yahoo! japan. also a yahoo! document given to prospective suitors reportedly shows that the company expects revenue to fall nearly 15% this year and also forecasts earnings to drop by more than 20%. shares of yahoo! fell about 1% to 36.17. shares of verizon down over 2% to 52. >>> reservations for tesla's latest car the model 3 continue to ramp up. the carmaker started taking them last week and so far the company reported that over 325,000 deposits for preorders have been made. ceo elon musk said that amount translates to about $14 billion in future sales. however, the strong demand has some analysts concerned about the company being able to produce so many vehicles. so shares fell 3% today to finish out at 257.20. >>> conning a ra which makes packaged foods sa
for "nightly business report," i'm robert frank. >>> tech giant yahoo! has reportedly found a bidder. and that the where we begin tonight's "market focus." according to a bloomberg report, phone carrier verizon communications will make a bid as soon as next week for the company's core business and yahoo! japan. also a yahoo! document given to prospective suitors reportedly shows that the company expects revenue to fall nearly 15% this year and also forecasts...
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Apr 13, 2016
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cnbc's wealth editor robert frank is following the money. >> so many people want the ferrari that we traced one owner who flipped it for more than twice the original price and that original owner is a famous name in casinos. we'll tell you who and what the car sold for coming right up. thank you. imagine if the things you bought every day earned you miles to get to the places you really want to go. with the united mileageplus explorer card, you'll get a free checked bag, 2 united club passes... priority boarding... and 30,000 bonus miles. everything you need for an unforgettable vacation. the united mileageplus explorer card. imagine where it will take you. hii'm here to tell homeowners that are sixty-two and older about a great way to live a better retirement... it's called a reverse mortgage. call right now to receive your free dvd and booklet with no obligation. it answers questions like... how a reverse mortgage works, how much you qualify for, the ways to receive your money... and more. plus, when you call now, you'll get this magnifier with led light absolutely free! when you c
cnbc's wealth editor robert frank is following the money. >> so many people want the ferrari that we traced one owner who flipped it for more than twice the original price and that original owner is a famous name in casinos. we'll tell you who and what the car sold for coming right up. thank you. imagine if the things you bought every day earned you miles to get to the places you really want to go. with the united mileageplus explorer card, you'll get a free checked bag, 2 united club...
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Apr 4, 2016
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robert frank has more on that. robert, what do we know?yla, thes about of dollars stashed offshore by the world's wealthy have helped support everything from miami real estate to fine art. press reports say 29 billionaires use offshore structures involving monthsic, the panama law firm. very few of these billionaires are named. but forbes saying many appear to be from russia and eastern europe. what's interesting is that no american billionaires were u.s. clients have been named so far. u.s. assets, they have become a favorite destination for some of that money. the miami herald reporting yesterday that 19 foreign nationals created offshore entities that purchased miami real estate, and eight of those foreign nationals have been linked to corruption or tax evasion or embezzlement the in their home states. half all real estate purchases in miami are all cash and overseas buyers bought $6 billion worth of home in southern florida last year. so that's about a third of all local spending on real estate. offshoring is perfectly legal in many ca
robert frank has more on that. robert, what do we know?yla, thes about of dollars stashed offshore by the world's wealthy have helped support everything from miami real estate to fine art. press reports say 29 billionaires use offshore structures involving monthsic, the panama law firm. very few of these billionaires are named. but forbes saying many appear to be from russia and eastern europe. what's interesting is that no american billionaires were u.s. clients have been named so far. u.s....
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Apr 12, 2016
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robert frank joins us to discuss what he has learned. it's good to see you. >> good to see you. >> there's one painting in particular that has come in focus. which one is it and what's the history behind it? >> this is a 1918 painting. it's called seated man with a cane. it was owned by a perisian art dealer. it was stolen. the family is suing one of the royal families of the art world. they have galleries in london and new york. >> what is the history? they are very influential. i heard the name before. >> they are a multibillion dollar family. they own hundreds of the most important works. he was charged with a gambling ring a couple of years ago. we have learned from the panama papers they also owned an offshore company called international art center which it turns out is the owner of this. there were questions throughout this court case of who was the owner. it turns out they own the company that does own it. >> okay. i think i've got that. it's complicated though. >> it is a little complicated. you have the family of the owner sayi
robert frank joins us to discuss what he has learned. it's good to see you. >> good to see you. >> there's one painting in particular that has come in focus. which one is it and what's the history behind it? >> this is a 1918 painting. it's called seated man with a cane. it was owned by a perisian art dealer. it was stolen. the family is suing one of the royal families of the art world. they have galleries in london and new york. >> what is the history? they are very...
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Apr 5, 2016
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robert frank, a name known for our viewers. >> and that name is david tepper.d a declaration saying that he was officially a resident of the state of florida. now, he also as of january first filed a declaration saying apapolooza management was now officially headquartered in florida. florida of course has no income tax. this has a huge impact on the state of new jersey. just take a look. new jersey income tax comprises about 40% of all revenues and top 1% pay with about a third of that income tax. frank haines, finance office to the senate budget and appropriations committee of new jersey, he says, quote, we may be facing an unusual degree of income tax forecast risk if news reports are true that the wealthiest man in new jersey has shifted domicile to another state. so unusual degree of income tax forecast could change based on mr. tepper's move. new, i'm told he moved not tax reasons, but to be closer to his mom and sister who are in florida. >> very veebconvenient that it s out that way. you have to think that other states will be starting to woo some of th
robert frank, a name known for our viewers. >> and that name is david tepper.d a declaration saying that he was officially a resident of the state of florida. now, he also as of january first filed a declaration saying apapolooza management was now officially headquartered in florida. florida of course has no income tax. this has a huge impact on the state of new jersey. just take a look. new jersey income tax comprises about 40% of all revenues and top 1% pay with about a third of that...
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Apr 20, 2016
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joining us now are robert frank and diana olick. have good news about the middle market of housing? >> finally. the middle sector is starting to show some big gains. the middle sector, i'm talking between $100 and $500,000 that, is 75% of home sales today. and they're seeing the biggest gains in sales year over year. up over 15%. it's the high end, that was the headline in the report from the national association of realtors. the high end really coming down. they saw growth year over year in sales of $1 million plus homes up just 4.6%. and we've seen gains of over 20% in the high end market. so that is the big shift we're seeing now is back to that middle range. the loaners are in deep trouble. >> there are two-ways to look at a slowdown. things are cracking, we're in trouble. number two, things are so good that there's simply no homes to buy. >> well, we're seeing this dramatic and sudden inversion in the housing market. so for years it was just the high end is doing great. mass market not so great. dianne e dianne highlighted that
joining us now are robert frank and diana olick. have good news about the middle market of housing? >> finally. the middle sector is starting to show some big gains. the middle sector, i'm talking between $100 and $500,000 that, is 75% of home sales today. and they're seeing the biggest gains in sales year over year. up over 15%. it's the high end, that was the headline in the report from the national association of realtors. the high end really coming down. they saw growth year over year...
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Apr 6, 2016
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thoughts from our own robert frank and dolly lens.ave you here. >> thank you. >> speaking of people with miami, a number of projects there appear to be at risk because of the release of the panama papers suggesting that money was used -- >> dirty. >> was dirty. same situation in new york? >> well, we're hearing a lot in new york. for example, the parkline hotel, an acquisition with steve witkoff is part of the panama papers as well. i think those will be on hold for now. >> real estate doesn't have kyc laws, know your customer. banks have to deal with this, but real estate doesn't. >> it does not. with the new laws, there is a little bit of that. they're trying to get there. >> are we going to see this trickle down to price per square foot at the high end? >> well, where we are, where there is too much supply, so the west 57th street corridor, right, so we're talking about 432 park, 157. >> for viewers who don't know this is a strip in the middle of the city where seven towers with megaexpensive properties are going up billionaire's r
thoughts from our own robert frank and dolly lens.ave you here. >> thank you. >> speaking of people with miami, a number of projects there appear to be at risk because of the release of the panama papers suggesting that money was used -- >> dirty. >> was dirty. same situation in new york? >> well, we're hearing a lot in new york. for example, the parkline hotel, an acquisition with steve witkoff is part of the panama papers as well. i think those will be on hold...
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Apr 11, 2016
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robert frank back at headquarters. a new apple ad and signals on the next product cycle over there.ore on apple, up a percent in a moment. xerox personalized employee portals help companies make benefits simple and accessible... from anywhere. hula dancing? cliff jumping! human resources can work better. with xerox. which allergy? eees. bees? eese. trees? eese. xerox helps hospitals use electronic health records so doctors provide more personalized care. cheese? cheese! patient care can work bet with xerox. that's it. >>> a new ad from apple is out, featuring kobe bryant and the actor michael b. jordan. take a look. >> siri, open the nba app. >> here he is, over jackson. >> see that? >> how good is this kid? >> that's the guy you're playing in this movie. cold-blooded assassin. >> locked in the battle of father time. >> what? >> on the verge of steep decline. perfect. >> there's no decline. it's all ascension. >> so what part hurts the most? >> i don't know. what does it matter to you? you're playing young kobi. >> i'm playing you all the way through now, prosthetics and stuff like
robert frank back at headquarters. a new apple ad and signals on the next product cycle over there.ore on apple, up a percent in a moment. xerox personalized employee portals help companies make benefits simple and accessible... from anywhere. hula dancing? cliff jumping! human resources can work better. with xerox. which allergy? eees. bees? eese. trees? eese. xerox helps hospitals use electronic health records so doctors provide more personalized care. cheese? cheese! patient care can work...
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Apr 1, 2016
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our wealth reporter robert frank is set to take the wraps off a new report next. >>> in the meantime of today's jobs report. dow futures down by 66 points. s&p futures down by ten. napds down by 20. that's nothing compared to what happened in japan overnight, down 3.5%. >>> welcome back, everybody. amazon is tripling the number of its instant order dash buttons to over a hundred. they are tied to a specific brand and let customers place orders for things they run out of. the latest edition include lysol, purina and trojan. okay. >> there you have it. >> convenience. >> i don't think it will be fast enough. >> wow! >> i didn't say that. >> that's a marketing gimmick. >> you have no idea how fast. believe me you can't even, from what i hear. >>> look whose here. mr. rebecca patterson. never fast enough. >>> let's reset this. there are reports high end real estate market is about to crumble. dare i say a big apple bubble. here to separate the fact from fixtions cnbc's wealth editor robert frank sheer. >> you would think it would be time for a correction in mants but manhattan real estat
our wealth reporter robert frank is set to take the wraps off a new report next. >>> in the meantime of today's jobs report. dow futures down by 66 points. s&p futures down by ten. napds down by 20. that's nothing compared to what happened in japan overnight, down 3.5%. >>> welcome back, everybody. amazon is tripling the number of its instant order dash buttons to over a hundred. they are tied to a specific brand and let customers place orders for things they run out of....
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Apr 7, 2016
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, barney frank, former congressman, hillary clinton supporters and co-author of the dodd/frank legislation. robert reich, author of "saving the many, not the few." mr. frank, let me begin be you. there were a few different answers giving in that interview in the "daily news." there's a great degree of policy confusion about this. your response first to what you heard from senator sanders about too big to fail, about breaking up the banks in that interview? >> it was very disappointing because it wasn't coherent. he confided several issues, by the way, i understood previously one of his biggest issues to deal with this was glass steagall. i didn't see any reference to glass steagall or explanation of that. he appeared to have forgotten all about this. of course, glass steagall is not relevant to the too big to fail issue. it has to do with other issues. but he confused several things. first, he was talking about antitrust -- not first. he was talking about not enough loans going to smaller banks. look, the too big to fail issue is very specific. the problem is if an institution is capable of amassi
, barney frank, former congressman, hillary clinton supporters and co-author of the dodd/frank legislation. robert reich, author of "saving the many, not the few." mr. frank, let me begin be you. there were a few different answers giving in that interview in the "daily news." there's a great degree of policy confusion about this. your response first to what you heard from senator sanders about too big to fail, about breaking up the banks in that interview? >> it was...
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Apr 6, 2016
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we have robert frank with a look at the most exclusive suite at the venetian in las vegas as well. >>won't see this great suite on any travel website or even the hotel booking agent. the top suite is by invitation only to the casino's biggest gamblers. take a look. >> the venetian hotel has more than 3,000 rooms and a secret few are unbookable, reserved for some of the highest rollers on the strip. these super luxurious suites and the perks that come with them are all comped. >> we don't sell the swooempt you would need to be a preferred customer of the casinos. >> reporter: guests are invited to stay here based on their level of play. the more money you're willing to part with in the casino the more perks you get. this swanky suite has more than 20 tvs, two bars, and a theater complete with karaoke. the entire place is covered in gold leaf. guys, if that's not enough, this place also gives you the right to buy their $750 cupcake. >> the right to buy it. >> the right to buy it. >> you don't just get it. the right to buy it. i won't tell you what's in it that makes it worth $750 but on
we have robert frank with a look at the most exclusive suite at the venetian in las vegas as well. >>won't see this great suite on any travel website or even the hotel booking agent. the top suite is by invitation only to the casino's biggest gamblers. take a look. >> the venetian hotel has more than 3,000 rooms and a secret few are unbookable, reserved for some of the highest rollers on the strip. these super luxurious suites and the perks that come with them are all comped....
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to robert frank, the details on this latest report. robert? >> sort of speaking of noncrashes.hattan real estate is prices continue to defy economic gravity, actually hitting all time new records in the first quarter. the average sale price of a new york city apartment topping $2 million for the first time. that's according to report from douglas elman. the average price for a square foot in the first quarter that set a new record, $1,713 per square foot, 8% over last year. apartments sold faster. discounts are down. almost half of all apartments are selling for at or above the asking price. now, there are some signs of a slight slowdown at the very, very top of this market. apartments in the top 10% of sales sat on the market an average of 122 days. that compared to about 90 days a year ago. the total number of resales, that excludes new developments, fell for the third straight quarter. the most expensive sale in the quarter, that was a 7,000 square foot co-op at 101 central park west, five bedrooms, play room, staff room, dining room, library, went for $35.3 million. the sel
to robert frank, the details on this latest report. robert? >> sort of speaking of noncrashes.hattan real estate is prices continue to defy economic gravity, actually hitting all time new records in the first quarter. the average sale price of a new york city apartment topping $2 million for the first time. that's according to report from douglas elman. the average price for a square foot in the first quarter that set a new record, $1,713 per square foot, 8% over last year. apartments...
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only one man can answer that, robert frank. >> the rich are spending more than ever on travel but theirplanes and trains and hotel suites will surprise you. the favorite hotel is the bellagio in vegas, the favorite hotel for more than the 800 millionaires pold around the world. the plaza in new york ranks second and mandarin and oriental. when it comes to airlines, singh air topped the list fauld by qantas and japan airlines. >> high end rollers from china -- >> everyone $1 million or more around the world. they wrote in their choice and the bellagio was number one around the world. >> you know those fountains are magical. >> they are, so i'm told. >> congratulations to the bellagio. we're just off session highs right now. this will be an interesting session to watch into the close as we have one hour left. >> 150 plus oil and gas stocks on my screens, none are down. they are all up. >> makes sense with where oil is today. >> thanks for watching "power lunch". >> "closing bell" begins right now. >> hi, welcome to "closing bell", i'm kelly evans. >> and i'm bill griffeth. oil above $42 a
only one man can answer that, robert frank. >> the rich are spending more than ever on travel but theirplanes and trains and hotel suites will surprise you. the favorite hotel is the bellagio in vegas, the favorite hotel for more than the 800 millionaires pold around the world. the plaza in new york ranks second and mandarin and oriental. when it comes to airlines, singh air topped the list fauld by qantas and japan airlines. >> high end rollers from china -- >> everyone $1...
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Apr 13, 2016
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robert frank joins us with another look at the secret lives of the super-rich.. >> we took a look at a house in the hollywood hills that has a hollywood-style move as a sales video. check it out. ♪ >> it is a very sexy, racy video, but i think it's also tastefully done. let's be honest, we're in the city of sex. this is los angeles, the entertainment capital of the world. >> reporter: compared to the marketing budget of most, this is a holy with that blockbuster. >> >> a video like that could run you from 30 to $50,000. it's like a mini movie. >> the price of the video is worth every penny that we spent. people from all over are calling us, clients that live around the world have seen it. the video has gotten so many hits, it's unbelievable. >> they used five cameras, three drones and paid off. >> five women. >> at least. >> fich cameras, paid, they sold it for $28 million. so it works. >> the girls don't live there. >> they don't live there. >> they are professional actresses. >> oh, my god, that's his teshal. >> how much money did it take to make? >> between 4
robert frank joins us with another look at the secret lives of the super-rich.. >> we took a look at a house in the hollywood hills that has a hollywood-style move as a sales video. check it out. ♪ >> it is a very sexy, racy video, but i think it's also tastefully done. let's be honest, we're in the city of sex. this is los angeles, the entertainment capital of the world. >> reporter: compared to the marketing budget of most, this is a holy with that blockbuster. >>...
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Apr 21, 2016
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robert frank joins us now with it.vable. >> that's a big house. >> he has multiple homes and a lot of art. that's what happens. the 88-year-old widow of real estate magnet lawrence tips real dwrized her picasso painting is missing. this is called portrait of maurice but recentlinessed it was mising from her new york home but maybe it was in storage or out for repairs. her lawyers tracked it down do a gallery in florida. miss tish filed a suit and the judge ordered it returned to new york. he said he bought it legally and fighting the claim. it's now for sale for $1.1 million at his gallery. now how did it get there? his lawyer said it was sold by tish's former house keeper now many ecuador. now that buyer tried to sell it for $700,000. it failed to sell. so he then sold it to hendal for $350,000, now they're flipping it for a million. it went from 60 to 350 to a million. that's how the art market works. if a papting is passed through two people since the theft, it is ligit. that's what hendel is saying. i find that arg
robert frank joins us now with it.vable. >> that's a big house. >> he has multiple homes and a lot of art. that's what happens. the 88-year-old widow of real estate magnet lawrence tips real dwrized her picasso painting is missing. this is called portrait of maurice but recentlinessed it was mising from her new york home but maybe it was in storage or out for repairs. her lawyers tracked it down do a gallery in florida. miss tish filed a suit and the judge ordered it returned to new...
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Apr 4, 2016
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robert frank has more on that side of the story. >> press reports say 29 billionaires on the forbes list were linked to yore shore structures involving mossack fonseca. very few of the billionaires are named, but forbes saying many appear to be from russia and eastern europe including several putin allies like rottenburg, childhood friend of putin's and the ukrainian president petro poroshenko. this is interesting, no american billionaires or american clients have been named in any of this leak. but u.s. assets, well, they have become a favorite destination for some of the money. the miami herald reporting that 19 foreign nationals created offshore entities that purchased miami real estate and eight of those foreign nationals have been linked to corruption or tax evasion in their home states, include ing several from brazil. half of all real estate purchases in miami are all cash and overseas buyers bought $6 billion worth of homes in sound florida last year, that's about a third of local spending. offshoring is perfectly legal in many cases, but it has helped support the art market. rep
robert frank has more on that side of the story. >> press reports say 29 billionaires on the forbes list were linked to yore shore structures involving mossack fonseca. very few of the billionaires are named, but forbes saying many appear to be from russia and eastern europe including several putin allies like rottenburg, childhood friend of putin's and the ukrainian president petro poroshenko. this is interesting, no american billionaires or american clients have been named in any of...
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robert frank joining us as well. what do you make of this controversy.wanted it so bad, why did they get rid of it. >> the mets sold it in a private sale to my consigner in late 2013 and immediately upon purchasing it he actually loaned it back to the mets museum where it was displayed. so from that standpoint the mets displayed that city fielded their museum and now has three children approaching college age that he needs to fund. he asked for the jersey back and consigned it to my auction company for public auction. >> ken, there's been so much controversy from mike who says look, this should never have gone up for sale and mets should buy it back. could you solve this by basically pulling it off the auction, coming to some deal with the mets to buy it back and maybe giving your share of the profits to charity? this is getting to a point where the pr for you and mets and everybody is not looking good right now. >> i don't necessarily think it's been a negative for our company, quite frankly i've made it quite clear it's in our description in the beginn
robert frank joining us as well. what do you make of this controversy.wanted it so bad, why did they get rid of it. >> the mets sold it in a private sale to my consigner in late 2013 and immediately upon purchasing it he actually loaned it back to the mets museum where it was displayed. so from that standpoint the mets displayed that city fielded their museum and now has three children approaching college age that he needs to fund. he asked for the jersey back and consigned it to my...
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Apr 11, 2016
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robert frank joins us with this incredible story. >> this was an amazing, some new leaks from the panamaapers shedding light on the ownership of a $25 million painting that may have been stolen by the nazis. swiss prosecutors over the weekend searching the geneva free port warehouse for this painting, called seated man with a cane, painted by modigliani in 1918. a frenchman says the piece was stolen by the nazis from his grandfather, a parisian art dealer, and should be returned. in court, he's claimed that the piece is owned by the namon family, the billionaire art dynasty that owns galleries in new york and london. a family member served a year in prison for his role in a multimillion dollar sports betting operation. the panama papers say the painting is owned by an offshore company called international art center. and they control that company, that's according to a report in vice news. in court, the nahmad's denied direct ownership of the painting, saying the ownership is irrelevant and there is no proof the painting was owned by the plaintiffs or that it was looted during the war. t
robert frank joins us with this incredible story. >> this was an amazing, some new leaks from the panamaapers shedding light on the ownership of a $25 million painting that may have been stolen by the nazis. swiss prosecutors over the weekend searching the geneva free port warehouse for this painting, called seated man with a cane, painted by modigliani in 1918. a frenchman says the piece was stolen by the nazis from his grandfather, a parisian art dealer, and should be returned. in...
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. >> every week, cnbc's "secret lives of the super rich" takes robert frank is here to show how some of the wealthiest people spend their cash. >> thanks for having me. >> i'm trying to think what i'd do with billions of dollars. i'd maybe buy a new car, some clothes, houses. seems like the wealthy -- >>nt waiting for the charitable donations. keep going. >> oh, yes. shoot. charity, yes. >> that's right. >> i feel the filthy rich spend a lot of money on houses. you'll show us a couple of the homes. >> it starts with food, clothing and shelter. the rich need nit a big it in a big way. we'll start with this one. 60,000 square feet in florida, south of boca. this house has an entertainment complex they're building. a go cart track, ice skating rink, disco. >> gotta have it. >> there is $5 million worth of gold on the walls in this ho e. >> just the gold alone. >> they brought in a team of a come in and spend several months putting all the gold on the walls. >> that's real go w for? >> they're spending $100 million just to build this house. >> oh, my gosh. >> wow. >> let's look at this o
. >> every week, cnbc's "secret lives of the super rich" takes robert frank is here to show how some of the wealthiest people spend their cash. >> thanks for having me. >> i'm trying to think what i'd do with billions of dollars. i'd maybe buy a new car, some clothes, houses. seems like the wealthy -- >>nt waiting for the charitable donations. keep going. >> oh, yes. shoot. charity, yes. >> that's right. >> i feel the filthy rich spend a lot...
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robert frank will tell us which city is on top. >> good morning. new york and l.a. have the largest number of real estate sales but the fastest growth is in austin, texas. austin ranking first in the nation for the growth of homes priced at 1 million or more. now caldwell crediting it by boom in tech. fort lauderdale ranked second followed by seattle and then atlanta. if you look at growth in $10 million home sales, miami ranking first there, fold by delray. all florida on that list. sales volume, total number of sales, new york tops the list, of course and tops the list for 1 million, 5 million and 10 million plus homes and tops the list for the most million dollar listing. the top zip code, sorry "90210," north miami beach, 33160. for $10 million, 33139. miami beach ranked up there first. what do you get for your millions if you're david stepper and looking to austin or miami. you get four bedroom, 5,000 squier feet, a pool, bill lard room. $1.1 million for that place and you're in austin which is a cool place. >> the garage maj hall. odd dichotomy. like asheville
robert frank will tell us which city is on top. >> good morning. new york and l.a. have the largest number of real estate sales but the fastest growth is in austin, texas. austin ranking first in the nation for the growth of homes priced at 1 million or more. now caldwell crediting it by boom in tech. fort lauderdale ranked second followed by seattle and then atlanta. if you look at growth in $10 million home sales, miami ranking first there, fold by delray. all florida on that list....
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robert frank is here to show how some of the wealthiest people spend their cash. >> thanks for having> oh, yes. shoot. charity, yes. >> that's right. >> i feel the filthy rich spend a lot of money on houses. you'll show us a couple of the homes. >> it starts with food clothing and shelter. the rich need nit a bigit in a big way. we'll start with this one. 60,000 square feet in florida, south of boca. this house has an entertainment complex they're building. a go cart track, ice skating rink disco. >> gotta have it. >> there is $5 million worth of gold on the walls in this house. >> just the gold alone. >> they brought in a team of a half dozen french artisans to come in and spend several months putting all the gold on the walls. >> that's real gold? >> real gold. i walked out of the house. there was so much gold on the floor, my shoes were covered in gold when i walked out of the house. >> your shoes were worth more than when you got there. >> yeah. >> how much was the house going for? >> they're spending $100 million just to build this house. >> oh my gosh. >> wow. >> let's look at t
robert frank is here to show how some of the wealthiest people spend their cash. >> thanks for having> oh, yes. shoot. charity, yes. >> that's right. >> i feel the filthy rich spend a lot of money on houses. you'll show us a couple of the homes. >> it starts with food clothing and shelter. the rich need nit a bigit in a big way. we'll start with this one. 60,000 square feet in florida, south of boca. this house has an entertainment complex they're building. a go cart...
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robert franks joins us. said he wanted a lot of sizzle on his 200 foot yacht, along with jacuzzis and grand piano, there is golf. >> all lady lola golf club. >> you have golf clubs to match your yacht. >> sure. flags on floaters out in the water. we have a system that the ball comes up, so you don't have to bend over and tee them up z lady lola has got some balls, all specially designed to float. >> we have a crew out in the tender with a net. they scoop them up. >> there is a guy whose job it is to be out there and collect the golf balls. >> darn right, darn right. >> you must have the had a lot of people look at this and say, duane, are you crazy? >> says the sizzle. >> if you want that sizzle yourself, it could be yours. that boat is for sale for $55 million or you can charter it with its crew of 16 people including that guy that goes around for around $400,000 a week. >> there is a course right over here on the jersey side. the driving range is into the ocean. >> i think they are floating. >> floating an
robert franks joins us. said he wanted a lot of sizzle on his 200 foot yacht, along with jacuzzis and grand piano, there is golf. >> all lady lola golf club. >> you have golf clubs to match your yacht. >> sure. flags on floaters out in the water. we have a system that the ball comes up, so you don't have to bend over and tee them up z lady lola has got some balls, all specially designed to float. >> we have a crew out in the tender with a net. they scoop them up....
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. >>> first, though, robert frank brings us a rare find. >>> hey, becky.ue diamond going up for auction at sothebys for an estimated $25 million to $35 million. we'll tell you what makes it so valuable and tell you who the famous owner was and why actually it's been a better investment than stocks. that's coming up. brings us a rare find. that's coming up. you shouldn't have to go far to get the help you're looking for. that's why at xfinity we're opening up more stores closer to you. where you can use all of our latest products and technology. and find out how to get the most out of your service. so when you get home, all you have to do is enjoy it. we're doing everything we can to give you the best experience possible. because we should fit into your life. not the other way around. >>> welcome back to "squawk box." let's get you caught up on the earnings news. united health group beating estimates by 9 cents. >> reporter:ing praft of 181pers. also, another dow component. johnson & johnson beating estimates by 3 cents with earnings of $1.68 per share. com
. >>> first, though, robert frank brings us a rare find. >>> hey, becky.ue diamond going up for auction at sothebys for an estimated $25 million to $35 million. we'll tell you what makes it so valuable and tell you who the famous owner was and why actually it's been a better investment than stocks. that's coming up. brings us a rare find. that's coming up. you shouldn't have to go far to get the help you're looking for. that's why at xfinity we're opening up more stores closer...
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robert frank joins us now with more. >> they have private planes for that, joe.. >> the car goes on to the plane. $200 million worth of cars driving from scandinavia to las vegas. it's invitation-only. it's around-the-clock party with models, rock stars, deejays and the super rich. our cameras were the only ones allowed this year to ride shotgun. this year gumballers include formula 1 superstar lewis hamilton, rocker tommy lee and famed deejay dead mouse. they're all friends with the guy in the black lamborghini, gumball founder maximillian cooper. he spends millions of dollars to set up one of a kind v.i.p. experiences like this stopover in sweden to go drag racing on a private airstrip. plus, this all-night rave in denmark that features glow in the dark dom. after three days in scandinavia, the hungover gumballers and their wheels are loaded onto a ferry and shipped to germany. from there they drive to a soccer stadium in amsterdam where car lovers can worship their incredible rides. yeah. the cars then fly private along with the people to the u.s. where the pa
robert frank joins us now with more. >> they have private planes for that, joe.. >> the car goes on to the plane. $200 million worth of cars driving from scandinavia to las vegas. it's invitation-only. it's around-the-clock party with models, rock stars, deejays and the super rich. our cameras were the only ones allowed this year to ride shotgun. this year gumballers include formula 1 superstar lewis hamilton, rocker tommy lee and famed deejay dead mouse. they're all friends with...
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frank: where you goin', robert? what's goin' on in there? ie is helping your father write a funny speech for lee and stan. frank: get back here! we're not done! oh, we're done, old man! fine, fine! i don't need your help anymore! marie, i'm not doing the stupid speech. it's the one thing you have to do for the party! well, now the one thing i have to do is eat shrimp. you have to write something. they're our dearest friends. to hell with them. you're impossible! would you talk to him? he has to write something, otherwise-- raymond... ma, don't even think of it. raymond... back! back! back! uh-uh-uh--read the will.
frank: where you goin', robert? what's goin' on in there? ie is helping your father write a funny speech for lee and stan. frank: get back here! we're not done! oh, we're done, old man! fine, fine! i don't need your help anymore! marie, i'm not doing the stupid speech. it's the one thing you have to do for the party! well, now the one thing i have to do is eat shrimp. you have to write something. they're our dearest friends. to hell with them. you're impossible! would you talk to him? he has to...
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robert, and dad. oh, a present from my sweet, sweet boys. and frank. ( gasps ) oh!r had figurines like these, and i used to stare at them, hoping that maybe, when i grew up, they could be mine. but one day, they all broke. my mother fell into them when i told her i was marrying frank. but now i have my very own set. oh, thank you so much. ah, you're welcome. oh, thank you. come here, frank. let's not ruin the moment. oh, my... you spent so much. ma, don't worry about that, all right? but $240? those things cost $240? it's fine, robert. no, no, no. well, wait a minute-- how come you told me and dad that we only had to pay $30 each, while you paid one-- one hundred-- while you paid the rest? robert, your mother doesn't care who paid what.
robert, and dad. oh, a present from my sweet, sweet boys. and frank. ( gasps ) oh!r had figurines like these, and i used to stare at them, hoping that maybe, when i grew up, they could be mine. but one day, they all broke. my mother fell into them when i told her i was marrying frank. but now i have my very own set. oh, thank you so much. ah, you're welcome. oh, thank you. come here, frank. let's not ruin the moment. oh, my... you spent so much. ma, don't worry about that, all right? but $240?...
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Apr 19, 2016
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frank? come on! i feel i identify most with robert.hen we got in a fight, i would sit on him until he got tired because i knew if i ever let him up, he'd kill me. you know... he was kind of a nerd. so when he would-- when they would kind of say, "well, do what your older brother does," i'd kind of in my mind go, "why? he's such a geek." like--like show up to class? yeah. that sort of stuff. robert: when did he get this? oh, that's an award your brother got for his sports column. it never ends for raymond. oh, poor robbie. everybody loves raymond. dude, you are so weird. am i, raymond?
frank? come on! i feel i identify most with robert.hen we got in a fight, i would sit on him until he got tired because i knew if i ever let him up, he'd kill me. you know... he was kind of a nerd. so when he would-- when they would kind of say, "well, do what your older brother does," i'd kind of in my mind go, "why? he's such a geek." like--like show up to class? yeah. that sort of stuff. robert: when did he get this? oh, that's an award your brother got for his sports...
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. >> we'll debate that with sanders' backer robert reich and clinton supporter barney frank. >>> pluswhy republicans care so much about voter i.d. laws. >> hillary clinton is about the weakest candidate the democrats have ever put up and i think photo i.d. is going to make a little bit of a different as well. >>> and florida governor rick scott meets his constituents. >> [ bleep ]. you don't care about working people. >> when "all in" starts right now. >>> good evening from new york. i'm chris hayes. donald trump may have suffered a
. >> we'll debate that with sanders' backer robert reich and clinton supporter barney frank. >>> pluswhy republicans care so much about voter i.d. laws. >> hillary clinton is about the weakest candidate the democrats have ever put up and i think photo i.d. is going to make a little bit of a different as well. >>> and florida governor rick scott meets his constituents. >> [ bleep ]. you don't care about working people. >> when "all in" starts...
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. >> we'll debate that with sanders' backer robert reich and clinton supporter barney frank. >>> plusoter i.d. laws. >> hillary clinton is about the weakes
. >> we'll debate that with sanders' backer robert reich and clinton supporter barney frank. >>> plusoter i.d. laws. >> hillary clinton is about the weakes
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. >> we'll debate that with sanders' backer robert reich and clinton supporter barney frank. >>> pluswhy republicans care
. >> we'll debate that with sanders' backer robert reich and clinton supporter barney frank. >>> pluswhy republicans care
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. >> frank, you rascal. [ laughter ] >> reporter: on "everybody loves raymond," she was amazing. >> very feisty. >> reporter: roberts began her career on broadway and quickly moved to tv with guest roles on many of the top comedies of the '70s and '80s. she also won an emmy for an appearance on "st. elsewhere." >> what did they say? you know? robert, they said that deborah dresses a little trampy. >> i think they were being kind. [ laughter ] >> reporter: ray romano who played her son on "everybody loves raymond" said in a statement, doris roberts had an energy and a spirit that amazed me. whether working professionally or with her many charities or just nurturing and mentoring a young green comic trying to make it as an actor. she did it all with such a grand love for life and people, and i will miss her dearly." >> she can do whatever she wants because i'm done talking to her. >> reporter: patricia heaton, doris' other co-star on "everybody loves raymond" tweeted a picture and said truly, the end of an era. in hollywood, crystal cruz for cbs news. >>> a lawyer for a group of women says they have settled their raci
. >> frank, you rascal. [ laughter ] >> reporter: on "everybody loves raymond," she was amazing. >> very feisty. >> reporter: roberts began her career on broadway and quickly moved to tv with guest roles on many of the top comedies of the '70s and '80s. she also won an emmy for an appearance on "st. elsewhere." >> what did they say? you know? robert, they said that deborah dresses a little trampy. >> i think they were being kind. [...
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roberts back to the new york historical society. he is the distinguished fellow at the new york historical society and director of the harry frank guggenheim foundation in new york. he is also the chair of the 2015 judging committee for the guggenheim prize in military history. in 2012, andrew roberts was awarded the william penn price and in 2007 he delivered the prestigious white house lecture. andrew roberts recent book, was the 2000 winner and 2015 winner of the los angeles times via the price. andrew roberts is the author and editor of 12 books including masters and commanders, how for titans won the war and the west, 1941-1945. we are also thrilled to welcome the nominees for the 2015 price. matthew j davenport for first over there, be attacked, america's first battle of world war i. published by -- press. david l preston published by oxford university press. nicholas star guard, for the german war, a nation under arms 1939-1945 published by basic books. and tj stiles for custer's a trials, a life of a life on the frontier of a new america. published by alfred a -- incorporated. i would now like to welcome our great friend just sigh
roberts back to the new york historical society. he is the distinguished fellow at the new york historical society and director of the harry frank guggenheim foundation in new york. he is also the chair of the 2015 judging committee for the guggenheim prize in military history. in 2012, andrew roberts was awarded the william penn price and in 2007 he delivered the prestigious white house lecture. andrew roberts recent book, was the 2000 winner and 2015 winner of the los angeles times via the...
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Apr 25, 2016
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frank gifford and cody gifford? excuse me. >> virginia tech -- >> number 13. >> oral roberts university wasn't listen to? i can't believe it. i always hold up the books when my friend janice dean from fox news, weather caster. she has -- this is called "freddie and the frogcaster and tornado." and kneel neil leifer has this book. it's a great fatherak day gift. >> this is an apple iphone charger. my mom got it first. it's built for the 6. it gives you 100% battery life on the case and the camera. the good news is, you charge it all together at once. look what happens. can you see down here? >> be careful. don't give it away, hoda. >> it's fine. look, the phone is 100% charged and the case is -- what does that say? >> it's fine, nobody's going to see. >> i don't know, anyway it shows you you get 200% charge. oh, i see -- >> hoda! >> oh, you're right, you're right. >> it's from apple.com. >> it's a hundred bucks but you will have a charge all day. 200% charge right here. >> this says it's $9. >> no, it's $99. >> okay, so that's quite the deal. >>> tomorrow actress mary lou henner opens up about a very >> a
frank gifford and cody gifford? excuse me. >> virginia tech -- >> number 13. >> oral roberts university wasn't listen to? i can't believe it. i always hold up the books when my friend janice dean from fox news, weather caster. she has -- this is called "freddie and the frogcaster and tornado." and kneel neil leifer has this book. it's a great fatherak day gift. >> this is an apple iphone charger. my mom got it first. it's built for the 6. it gives you 100%...
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roberts active in your historical society. he is the distinguished fellow at the new york historical society and a director of the harry frank guggenheim foundation in new york. is also the chair of the 2015 chechen committee for the guggenheim-lehrman prize in military history. in 2012, andrew roberts was awarded the william penn prize, and in 2007 he delivered the prestigious white house lecture. andrew roberts recent book was the 2014 winter of the award and 2015 when of the "los angeles times" biography prize. andrew roberts is the author and editor of 12 books including masters intimated, 1931-1945. we are also thrilled to welcome the nominees for the 2015 prize. matthew davenport for "first over there: the attack of cantigny, america's first battle of world war i" published by saint martin's press. david preston for "braddock's defeat: the battle of the monongahela and the road to revolution" published by oxford university press. nicholas stargardt for the german -- "the german at war: a nation under arms, 1939-1945", and t.j. stiles for "custer's trials: a life on the frontier of a new america." published by alfred not incorpora
roberts active in your historical society. he is the distinguished fellow at the new york historical society and a director of the harry frank guggenheim foundation in new york. is also the chair of the 2015 chechen committee for the guggenheim-lehrman prize in military history. in 2012, andrew roberts was awarded the william penn prize, and in 2007 he delivered the prestigious white house lecture. andrew roberts recent book was the 2014 winter of the award and 2015 when of the "los...
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roberts back to the new york historical society. he is a distinguish edlerman fellow at the historical society and a director of he harry frank guggenheim foundation in new york and the chair of the 2015 judging committee for the guggenheim-lehrman prize in military history. in 2012 andrew roberts wars weighedded the william penn prize, and in 2007, he delivered the prestigious white house lecture, robert's book, was the 2014 winner of the grand prix -- and 2015 winner of "the los angeles times" limes biography prize. andrew robert this author and editor or 12 books, including "master and commanders," 1941 to 1945. we are also thrilled to welcome the nominees for the 2015 prize. matthew j. davenport, for "the first over there." david preston for "brad dom's defeat" the road to revolution published by oxford university press. nicholas for the german war, a nation under arms, 1939 to 1945, published by basic books. and t.j. stiles for a life on the frontier of a new america. published by knott i would like to welcome our friend, president of the harry graphic guggenheim foundation, the foundation supports -- sponsors scholarly research on
roberts back to the new york historical society. he is a distinguish edlerman fellow at the historical society and a director of he harry frank guggenheim foundation in new york and the chair of the 2015 judging committee for the guggenheim-lehrman prize in military history. in 2012 andrew roberts wars weighedded the william penn prize, and in 2007, he delivered the prestigious white house lecture, robert's book, was the 2014 winner of the grand prix -- and 2015 winner of "the los angeles...
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frank blair was in the congress. but her husband, phillips lee, who was a cousin of robert e. lee, was in the union navy. and because he was in the navy, she wrote to him pretty much every day. >> yeah. >> and the letters are just a treasure trove. >> they're great. yeah. >> they really are. >> well, there's so much in here i encourage people to spend a lot of time with it because it's just great reading. >> well, they were great ladies. fun to learn about. >> good for you. i want to ask about this concept of women in leadership roles performing amazing feats and contributing but perhaps not getting, you know, enough credit for it or claim for it. in the two areas in which you have lived your life, journalism, and politics, i was reminded when john dickerson was named to replace bob schieffer on "face the nation." his mother -- >> nancy. >> -- was one of those pioneering women journalists. it is not that long ago that women did not occupy an equal place. i mean, just the other day -- >> are you kidding? [laughter]. >> right. but, you know, the other week we had a deal where every questioner at the presid
frank blair was in the congress. but her husband, phillips lee, who was a cousin of robert e. lee, was in the union navy. and because he was in the navy, she wrote to him pretty much every day. >> yeah. >> and the letters are just a treasure trove. >> they're great. yeah. >> they really are. >> well, there's so much in here i encourage people to spend a lot of time with it because it's just great reading. >> well, they were great ladies. fun to learn about....