comparemela.com

J j. New management could be on the cusp. A multiyear trade. Mr. J . J. P. Morgan. Options action money in motion tonight at 5 00. Follow me on twiter. Send me some stock names. We will see you next week. Scott, thank you very much. Welcome to power lunch. Simon is in for sue. Major developments on the terrorist attack involving westerners in algeria. First we go to onhto john harwo. We have a stance from House Republicans they will put on the house floor next week and presumably pass it if they have done chir whip counts accurately. That is that the debt limit would be extended. It is now due to run out between february 15th and march 1st. Now extended to april 15th with the condition that the house and senate both pass a budget. This is an effort to tweak the senate which has not passed a budget for the budget resolution the last couple of years. Members pay would be withheld if the budget does not pass. This does not include the debt limit extension. That is a boone to both parties because identifying those cuts is very, very difficult. Especially if youre talking about the entitlement programs of medicare and social security. It is not likely that democrats will accept this approach but at least a step forward and gives people looking for a solution and looking no avoid the brinksmanship right up to the edge, the opportunity for a little bit of relief here, pending the reaction from the white house and senate democrats. But the republicans are not trying to stay in the box that president obama put them in saying they are holding the u. S. Economy hostage. They are saying no. We are holding the senate hostage it a debt limit increase, thats what they have to do and we will see how far they get with the proposal. If we do a short Term Extension of the debt limit we are going to make it be clean without conditions. And this is what the back and forth is going to be in the parties over the next couple of weeks. Lets talk a little bit about two other major deadlines here. Does this have any impact whatsoever john as far as can you see on the the impending socalled sequestering, which i believe kicks in sometime in the next six weeks or so. And then in late march, on the idea that the government will run out of money. There will be no authorization to spend anything more and the government could functionally shut down. Is that involved here at all . Not in a formal sense. But of course all of this is linked together, what the Spending Plans are to come up with cuts to avoid the budget sequester which Neither Party wants because it affects it in is indiscriminate way. And do you have the continuing resolution which would expire a couple of weeks before this deadline. And that is a bill to fund the government the rest of the year. Thats comparatively easy because the Government Spending is on auto pilot. The budget see quester is tougher but still as long as you have only a short Term Extension of the debt limit, tyler, that issue will hang over the debate. You just wont hang over it the next couple of weeks. See you monday more the inauguration. You bet. Now to another breaking news station. This one in algeria. Things are still very fluid. The terrorists are Still Holding hostages 800 miles south of aljeers. They also want the blind sheik. He was tied to the World Trade Center attack in 1993. Jackie deangelo has news for us at the desk. Hi, jackie. The United States announcing it does not make deals with the terrorists with respect to the bloody threeday standoff in algeria. This after an islamist gunman proposing to swap terrorist for the sheik jailed in the u. S. For terrorism. Algeria state tv is reporting that nearly 100 of the 132 Foreign Workers that were being held hostage have been freed but remember, the location of this gas facility in algeria is so remote its been really difficult to get Accurate Information and accounts of whats actually happening on the ground. Even if those numbers are correct, the fate of about 30 workers is still unclear at this point. Meantime, while weve begun to see first images of freed hostages arriving a the a hospital in algeria for treatment, it is a very emotional time for family members of the hostages. One child whose father has been freed from the facility broke down when he was talking about it. Im just real excited. I just cant wait for him to get home. Now addressing parliament this morning, David Cameron explained that algerian forces are still pursuing the terrorists. He was able to provide though some more information on what may have caused the attack. It appears to have been a large well coordinated and heavily armed assault, and it is probable that had been preplanned. And u. S. Defense secretary leon panetta is vowing to pursuit hostage takers saying the terrorist should be on notice that they will find no sanctuary, not in algeria, not in north africa, not anywhere. Back to you. Jackie, thank you very much. Any time there is an attack like this, it grabs the attention of new york energy traders. Sharon, what are they saying . It certainly has. Even though this occurred in the gas facility, it is the oil markets that are most concerned here about the heightened geopolitical risk any time an attack happens on an energy facility. Of course algeria is an opec member and produces just under 2 Million Barrels per day of crude oil. This pales to a country like saudi arabia but heightens the risk premium that is of course in that part of the world, in north africa and middle east. Also you add to that what happened yesterday. Nuclear inspectors and officials, talks between them breaking down, failing to come to an agreement, diplomatic effort in terms of Irans Nuclear capabilities. That is heightening the geo risk in this marketplace. You have prices above 111 a barrel, above the 100 day moving average. Technically strong momentum there and then also in the wti market, above 95 a barrel at fourmonth high and that is for both the february contract and march contract which has become the front month next week. So there is a lot of interest in what is happening there, of course in algeria. For the Energy Markets and it is supporting the price of crude oil. Back to you. Sharon, thank you very much. The big stock story of the day down here at the New York Stock Exchange is Morgan Stanley. Shares are up over 7 on a very Solid Earnings report. The stock has been a juggernaut like many bank stocks up 60 over the past six months. Ceo of Morgan Stanley is on squawk box this morning. Mary thompson is live in the newsroom. Mary in. With 6,000 fewer employees, the brokerage unit on track and credit downgrade behind the bank. Ceo james gorman sounding optimistic about the firms prospects on squawk this morning. We think of all the digging and shoveling and cleaning up that weve done the last few years, thats done. Now we get back to the fun stuff which is running the business. And thats what we are excited about. Turn on equity and measure profitability. Gorman saying on the conference call, it can reach 9 without big improvement in the macro economy. Thanks so additional 1. 6 billion in expense cuts planned by year end 2014 and improving profits at its broke yaj business. Bet are than expected 17 in the Fourth Quarter prompted gorman to say he might raise prices by mid year. He is seeing an increased appetite with retail clients and pick up in activity in asia and europe and stronger equity underwriting. All reasons to be cautiously optimistic. Continuing operations were better than expected 45 cents a share on higher than expected revenue as well. Even as the firms commodity business turned in its worse performan performance 1995 due to superstorm sandy. Gorman did say on the call Morgan Stanley remains committed to it. Simon, back to you. We should point out that return is weak. Pretty tepid. But better than what we have seen from the bank over theast couple of years, simon. Thank you very much for that. One of the key take aways from the bank earning season now that most of the big guys have reported, neil wineburg is editor and chief, joining me here at the New York Stock Exchange. What did you say . It is a good news bad news story. Goldman sacks, Morgan Stanley did well. Among the commercial banks, j. P. Morgan did well but there is a lot of problems with mortgages and consumer related banking. That is obviously reflected in bank of america and city banks earnings which disappointed. Do you think the bank stocks have done well . If we look at the laugh month, theres been a strong rotation, more aggressive rotation into the investment banks Goldman Sachs springs to mind. Do you think that will continue in the First Quarter should people swap out perhaps from the big consumer banks to second line banks, are those commercial banks . There is no reason to think there is a change. But one of the things that helped here is there is a lot of activity to raising money. Corporations realize theg can raise money for almost nothing and that support investment banking. You have seen Asset Management is strong. Smaller investors are looking for, how can we redeploy our money and that helps. People are looking to equities because they earn nothing in bonds. No reason it think that will change overnight but ultimately simon Interest Rates will go up and thats going to change the picture dramatically. In what way . Itll change the picture. Maybe on the commercial side, one positive thing is net interest margins could spread as well. You are also finding for example that corporations starting to have it pay more to issue bonds are not going to be as interested as they are now when the money is almost free. Okay. Well leave it there for the moment. More from american banker and later in the program. Tyler, back to you. Strong earnings parade this day. Ge reporting a better than expected 7. 5 rise in Fourth Quarter profit. Sharp increase in its backlog of equipment orders. The Company Earned 4 billion. 44 cents a share as a result, the stock up currently trading as you will see, right there. 67 cents. Higher at 21. 97, 3 move. Ge, is 49 owner of nbc universal. The parent of this network. Agent from federal Aviation Administration and National Transportation safety board have landed in japan to get a look at the latest boeing 787 that experienced inflight problems. Stock had taken a hit on the grounded fleet as you see there. Boeing down another half percent or so at 74. 82. Phil lebeau in chicago with the latest developments. Phil . We are in the stage of the investigation where they are still gathering information before they make a determination of exactly what went wrong with the plane in japan as well as boston aircraft last week. Here is the latest regarding the dream liner investigation. As you mentioned, investigators from the faa and ntsb are in japan. We will have more about that in a little bit. Mean while, boeing engineers are working on a solution that would allow tlem to slow the faa, listen, weve got this problem under control. It is time to get the dreamliner back in the air. They are meet og an regular basis but there is no timeframe for when they might be able to get the air worthiness redirected. Now with regard to the investigators in japan, visiting the ana plane, its on the tarmac there. They spent today looking at the plane, looking at the battery, and what they are looking for right now are commonalities between this incident in japan and incident in boston. They are also going over data because these planes are constantly giving back data to the airlines as well as to boeing. Based on all of that, that is what they will be looking at it see, okay, what went wrong here. What might be the common problem and finally when you look at this battery, keep this in mind. There is so much attention focused on this battery built in japan but there are other things that could be related to the issue here. Was that power distribution. Is it the way it was wired within the aircraft . There are so many unknowns here that basically, were in that phase where were going to wait and probably it will be at least next week if not longer before we have more concrete answers. Again shares of boeing down fractionally. Simon, we think theres a possibility, maybe next week, we could have news regarding boeing at least being able to get some production flights up. Because remember, once they build these, theyve got test them a couple of times before they deliver them to customers. They cant even do that right now. They are in conversationes with the faa. We will see if that changes next week. Phil, thank you very much. Phil lebeau with the latest on boeing. Boeing isnt the only one having trouble with lithium batteries. Other products are also on the list. Thats next. Welcome back to power line. Intel casting a cloud over tag. Street disappointed by its outlook if part because it is spending more on capital expenditures. Silver lining there, take a look at applied materials. The chip equipment makers are looking pretty good because intel, big chip giant, simon, will be spending more money. Back to you. Thank you, bertha. Tough quarter for capital one. The consensus is for 1. 58, thats still 60 higher than a year ago but still the mark set very disappointed. Capital one stock partially in negative territory. There you go. Down almost 1 . Big question coming out of boeing 747 is whether there is risk associated with lithium ion batteries. They are used in all kinds of applications. Washington post Technology Reporter that has been covering this angle of the story. Craig, good afternoon. These batteries are used in cell phones, model aircraft, automobiles. They are lighter, more powerful, easier to recharge. But it is not as if we have not known that they are prone to precisely the kinds of malfunctions that we seering on the 787s, is it . Thats right. These things are they are literally everywhere in our lives. They make 4 billion lithium ion cells every year now and so, you know, i think the surprising thing is that we have a major aircraft that had a malfunction but all sort of low level malfunctions have been happening for years. It just hasnt reached the critical mass. Is there something intrinsic to the science of lithium ion batteries that make them more prone to these kinds of catastrophic failures . Absolutely. They are very small and very powerful. Even the big batteries are a bunch of small batteries put together. If you get damage or defect, they put up a lot of energy quickly. Is it smart to use them in something as complex and potentially lifeimpacting as an airplane . They are already used in lot of airplanes. Including joint strike fighter. In some of the new airbus planes. They are in the chevy volt. They are kind of everywhere. So i dont think you will see a retreat from the batteries. What you will see is efforts to make them safer. How do you mitigate the risk . There is very sophisticated systems that monitor voltage, to keep wires from short circuiting. When they do flame up, you want it control the fires immediately. There is a lot of different ways dhe go at this problem. Craig, thank you very much. We hope to be back with you soon as we follow this story. We appreciate you being here. My pleasure. United technologies teaming up to build the next military helicopters. It has both of the two major helicopters builders. Up quarter. One more word on boeing. The cnbc documentary dreamliner, include the boeing 787. Phil lebeau will take you on a tour inside the plane that was supposed to change the way you fly. Simon . Yeah. Dont step on the lithium batteries while youre about it. The flu is hitting this season, thats for sure. It is an epidemic. But the cdc has new numbers and which areas are hardest hit. Plus, ipo investors, some people making a lot of money on cruise ships. Thats next. [ indistinct shouting ] [ indistinct shouting ] [ male announcer ] time and sales data. Splitsecond stats. [ indistinct shouting ] its so close to the options floor. [ indistinct shouting, bell dinging ]. Youll bust your brain box. All on thinkorswim from td ameritrade. [ male announcer ] dont just reject convention. Drown it out. Introducing the allnew 2013 lexus ls f sport. An entirely new pursuit. Nothing. Are you stealing our Daughters School supplies and taking them to work . No, i was just looking for my stapler and my. This thing. I save money by using fedex ground and buy my own supplies. Thats a great idea. Im going to go. We got clients in today. [ male announcer ] save on ground shipping at fedex office. Norwegian cruise lines set sale under the ticket symbol lcnh. A market vam u last night of 3. 8 billion. But the stock surged at the open today and raised the market cap to something closer to 5 billion. I spoke to the ceo of norwegian in a first on cnbc interview today and this is what we told me about the status of the industry. I think the market sees what weve been doing. It is rewarding us for a valuation that we deserve coming out of an industry thats based o on comps that are very different profiles than what we have in the future with norwegian cruise line. This is where the stock is trading at the moment. I told you last night, trading at 2489. A billion dollars of value in the making there, ty. Thanks very much, simon. Cdc releasing its latest data on the flu outbreak across the u. S. Even as the outbreak continues to spread, there are some signs we may be getting closer to the peak. Bertha coombs has details for us now. Bertha . 48 states are stating widespread flu levels. But as this season started earlier, it may be peaking sooner as well. Hospitals climbed to a high epidemic level, particularly with the elderly. The total number of reported childrens flu deaths now at 29 for the season, up from 20 last week. A lot of those in that really intense red area there in the middle of the country. The cdc also says in handful of states like florida, you can see here activity levels seem to be easing off. A key indicator moving in a positive direction. There are a portion of flurelated doctor visits now down two weeks in a row. Looking at red line here on the chart as we come up, you will see that it has moved down at this point to 4. 6 frers that peak of 6 a couple weeks ago. During comparison during the swine flu, you see during the gray line and blue line, the peak is around 7. 5 . But the cdc says a lot of people will still get sick. What we expect to see is a lot of cases. As people get complications of flu or become more ill, after the cases peak, then comes the hospitalization and death peak. So we do see those coming in waves. They are still saying people should get sackvaccinated in th can. There are still doses available for this season. Some people reached the peak earlier. I think new york state reached its peak before the rest of the country. We got ours earlier, coming out of thanks giving with it seems to me. Yeah, started most intensely in the gulf coast, down in texas and alabama, mississippi. Seems to be easing there. But still, a lot of folks getting sick. Okay. The latest there from the cdc, peaking on where we are with the flu. We will have more of course on that during the rest of the day here on cnbc. We have breaking news with kayla. Further details on the plan for its stake in general motors. Treasury saying it initiated a prearranged written trading plan for its remaining 301 million shares. It is an initiation of a plan to sell the stake at this time. Treasury said in december that over the course of the next 15 months it would release its stake. This is the initiation after plan to release those shares steadily over time. Simon, rather than in a series of giant block trades. So theyre not going to attempt to market it with, what else, the news flow we might have that point or where the industries are more generally, which some investors might want them do. Simon, treasury said the sales will be subject to certain market conditions. Of course not in a way that is not of best interest to its future shareholders. That being said, the understanding here is that if they see a market window then they will move to sell little bits over time. Of course, remember when gm first went public and when aig did its reipo, we saw those as big fanfare events. It is not going to be like that. It is more like citigroup where we saw treasury exiting its stake in a steadier manner. This release says there will be opportunities for smaller broker dealers and minority owned broker dealers to participate in a sale they have not shown the shares existing with brokers. With that breaking news on general motors, thank you. Let me take you back, 2007 within the financial crisis unraveling and the fed is meeting as it desperately tries to come up with answers. You will know in detail what happened now, as transcripts from the 11 open market meetings are released to the public. Steve liesman has that in two minutes. She knows you like no one else. And you wouldnt have it any other way. But your erectile dysfunction you know, that could be a question of blood flow. Cialis tadalafil for daily use helps you be Ready Anytime the moments right. You can be more confident in your ability to be ready. And the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. Tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. Do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in Blood Pressure. Do not drink alcohol in excess with cialis. Side effects may include headache, upset stomach, delayed backache or muscle ache. To avoid longterm injury, seek immediate medical help for an erection lasting more than four hours. If you have any sudden decrease or loss in hearing or vision, or if you have any allergic reactions such as rash, hives, swelling of the lips, tongue or throat, or difficulty breathing or swallowing, stop taking cialis and get medical help right away. Ask your doctor about cialis for daily use and a 30tablet free trial. Gold bullion now, Sharon Epperson tracking action. We are dipping a little bit here at the close for the gold price but still managing to eek out a bit of a gain for the week. The real mover in terms of precious metales this week and today has been silver. Silver posted a gain here and of course we have been telling you about the Strong Demand for silver etfs. Also, very Strong Demand for silver coin. In fact wbt u. S. Mint has now run out of the 2013 American Eagle silver coins because there is such great demand. Some traders saying that shows fear factor that might be out there with folks wondering what is happening here with the debt ceiling and u. S. Economy but others say this is really just a lot of collectors simply wanting more coins. We are also looking at where silver plays in terms of other metals this weekend and as you can see it is clearly the winter. And it is posting the best week its nd two months time. Back to you. Thank you, sharon. Relatively flat on the major market indeces. We are positive for the week. You would think that stocks would be worried about the debt ceiling and yet we had word that gop controlled house might have a deal. Might vote next week to raise the debt ceiling for even three months. There is a very muted reaction and what to watch here are how people are buying etfs. This is the s p 500. You can buy it in a single stock and you might say, oh, gee, there is a move there to the far right on the upside when the announcement came. But it is a very, very narrow amplitude. Very narrow range of trading. Thats about three points on the s p 500. The volume did pick up and we will have volume towards the heavy side today. If you think that is good news pushing the debt ceiling out for stocks and i think generally would you look at it as good news, it certainly is fairly muted here. As for the major indices for the week, what simon was just talking about, there are deeper cyclical changes. Big industrial names have been generally outperforming and that is very good news, if you think the global economy, those stocks would more closer would the global economy. You get this, this real tight hugging of the flat line friday. Monday, tuesday, wednesday and then again today. Yes. Thats a new phenomenon. We have been very narrow. The amplitude. The average last year, in the many days this year so far in january, its been 60 points, half the normal range. But still, the direction is still up. And the vix continuing to be low. Below 13, yeah. Seema . Hi, simon. We got a look at intel. Analyst are not satisfied with the earnings report. Revenue below street expectations. And they have yet to name who will be the new ceo once paul steps down in may. Lets look at some of the bright spots, research in motion moving higher. Street continues to get excited about the blackberry 10. This time jeffreys, analysts writing that recent demos have shown a solid browser, smooth tough inner face and intuitive navigation. Im excited up about 6 . Netflix longterm bear bullish on the stock. Writing that improving fundamentals could have a short squeeze in making and lastly a mover and shaker in medical tech space. Thats Life Technology wednesday competitor to illumina which is a 1. 5 billion mark pept stock is up because of speculation the company is looking to put itself up to are sale. Back to you. Thank you, seema. Lets head to chicago and check in with Rick Santelli for the bond report. Good to see you, simon. If we look at the day in treasuries, it is about lower prices and higher yields after yesterdays appearing to be driven by equities wp and europe, opening up to a week, down three basis points on the week. And considering we are at 184 bb theres only two closes on this move above 190. Those are the 3rd and 4th of january. An lot of selling sustained pressure in the mark pept if we look at hygetf for high yield, 4. 5 fresh yield highs today. Even though on spraead basis, they have widened out a bit. Along with the euro yen, dollar yen, big performer, fresh 30month highs as we hover and debate whether we close above 90 and very Aggressive Pro dollar but antiyen trade with regard to pressure due to inflation issues by the bank of japan. Tyler, its all yours. Rick, lets go to phil lebeau now for breaking news. Tyler, we had some of our crew in washington catch up with secretary of transportation ray lahood. He was addressing the u. S. Conference of mayors. After he addressed mayors we had the chance to ask him about the dreamliner and grounding. Remember just last friday he was very public in saying these planes are safe. I would fly one immediately if i had a chance. Well we asked him today what he thinks about those comments and about the dreamliner being grounded. Sheer what he had to say. The reason that we grounded it is because we did further consultation with boeing and there was another incident. So those planes arent flying now until we really have a chance to examine the batteries. Those planes arent going to fly until we are a thousand percent sure that they are safe to fly. Take a look at shares of boeing, down fractionally on the day. One more thing, tyler. Secretary lahood would not give a timeframe for when the groundings might be lifted on the dreamliner. Thank you very much. Phil lebeau reporting. 11 open Market Committee meetings held during the course of 2007. That is of course the year of the financial crisis started to unravel. Senior economic adviser Steve Liesman with the fascinating details. Eight normal ones and three emergency meetings. It was that kind of year. What the transcripts show is one that minimized fallout from the financial crisis to the one that eventually embraced the gravity of the situation and finally began pulling out all of the stops. Why is this important . Because the market everyday want to know, asking the same question. Will the feds see another bubble brewing . Will the fed recognize a potential inflationary threat and change quickly enough to stave it off . Here is an example. In 2007, bill dudley, new york fed president at the time, head of the new york feds operations desk said we have done quite a bit of work trying to identify questions surrounding bear stearns and can country wide and commercial paper programs. There is some strange but so far looking as if nothing is imminent in those areas. Both institutions go on to have serious trouble and fail. This is days before an emergency meeting called it address the financial crisis. One of the more interesting threads is the transformation of fed chairman ben bernanke. From hawk to dove. My own feeling is that we should resist a rate cut until it is clear from Economic Data and other information that is needed. I prefer to avoid giving the impression after bailout or put if we can by december he was saying, in proposing the liquidity measures there are usual hazards and so on in my view at this point the imperative of helping markets function more normally and support economic functioning is stronger. Putting more hazard decide there. It is clear from transcript, to be fair, response spo tot crisis of decades, doing policy one certain way. They today throw out the old rule back and once they did it, looking back, and answering the question, changing again at the right time. Here we get the actual transcripts. What weve got before and minutes of meetings, no name summaries, and minutes tend to be something of a document designed to also influence market opinion. This is bare bones stuff. Thank you very much. My pleasure. Thank you, tyler. Lets recap other headlines driving todays session. Taking a hit following jeffreys down grades to underperform. Its zon impending threat to companys data com business following comments from intel. Johnson controls, the nations largest auto supplier sawity biggest stock fall after five months, after learningity earnings wont meet street forecast this quarter. Due to weak demand in europe. State street moving higher after saying it will cut 630 jobs worldwide. This under pressure from some of its largest Share Holders to cut expenses moving forward. The company reporting 26 rise in Fourth Quarter net income. Ty . Simon, whole foods mark set one of the top in the country. Market value more than 16 billion. Yeah, you heard me right. Stock surging about 158 over five years. Ceo john mackey will join us for a first on cnbc interview. But he says companies should have a higher purpose than just making money. Stay tuned it find out exactly what he means. [ male announcer ] some day, your life will flash before your eyes. Make it worth watching. The new 2013 lexus ls. An entirely new pursuit. A body at rest tends to stay at rest. While a body in motion tends to stay in motion. Staying active can actually ease arthritis symptoms. But if you have arthritis, staying active can be difficult. Prescription celebrex can help relieve arthritis pain so your body can stay in motion. Because just one 200mg celebrex a day can provide 24 hour relief for many with arthritis pain and inflammation. Plus, in clinical studies, celebrex is proven to improve daily physical function so moving is easier. Celebrex can be taken with or without food. And its not a narcotic. You and your doctor should balance the benefits with the risks. All prescription nsaids, like celebrex, ibuprofen, naproxen and meloxicam have the same cardiovascular warning. They all may increase the chance of heart attack or stroke, which can lead to death. This chance increases if you have Heart Disease or risk factors such as high Blood Pressure or when nsaids are taken for long periods. Nsaids, including celebrex, increase the chance of serious skin or allergic reactions or stomach and intestine problems, such as bleeding and ulcers, which can occur without warning and may cause death. Patients also taking aspirin and the elderly are at increased risk for stomach bleeding and ulcers. Do not take celebrex if youve had an asthma attack, hives, or other allergies to aspirin, nsaids or sulfonamides. Get help right away if you have swelling of the face or throat, or trouble breathing. Tell your doctor your medical history. And find an Arthritis Treatment for you. Visit celebrex. Com and ask your doctor about celebrex. For a body in motion. We have breaking news on Goldman Sachs compensation. Awargd over 99 million in restricted stock to top executives including 13. 3 million of restricted shares to ceo lloyd blankfine. All of these restricted shares vest in three years. Additionally, the companys former ceo receiving over 85,000 shares along with gary cohn. Once again, blankfein earned 16. 2 including cash bonus in salary with restricted stock of 13. 3 million from goldman. Back to you. Thanks very much, mary. Today we ask you on yahoo finance. Com, can Lance Armstrong rebuild his career after admitting to oprah he used performance enhancing drugs. 15 say yes. 28 say no. 57 say it is too late to sway a negative public opinion. Proof positive that sports fans will forgive anything provided you havent actually tampered with the sport itself. Lets see what is coming up on street signs. Lots of things. You know weve got john mcafee and he his life can sound like a movie script. So much so, there are audibles about a movie life out there. Also one of the smartest investing minds in the world. Carl bass, made his money betting against sub prime, now making his money with sub prime. We will hear what Ben Bernankes 10 commandments should be. Mandy, thank you very much. John mackey is that right . Youre not coceo. Im an billionaire. Well, thats okay. You made a lot of money. And he has also made a lot of money for shareholders because the stock of whole foods is nothing short of spectacular in recent years. We have a chart of it there. You look at the stock, up more than 2,000 percent. Thats pretty good, john. Whether youre an billionaire or not, thats okay, well forgive you. Welcome, good to have you with us. Good to be here. I want it probe that a little bit. I first want it ask you, your reaction to the interview last night with your fellow austinite, Lance Armstrong. You lived in austin for a long time. So does he. What do you make of him . I dont ive never met him so i dont have an opinion about his character. I didnt see the whole interview. I just saw snippets, highlights of it. I dont think im qualified to talk about it. An awful lot of your book and business philosophy is about being honest and dealing with customers in an honest way. Correct. It is evident that he did not. I believe people should be honest and to the degree he wasnt honest, i can condemn that. Whether individuals or businesses that are not honest, they do so at the peril of their brand. Thats correct. I agree. What does Conscious Capitalism mean to you . What are you driving at here . Conscious capitalism is about a better way to do business. The business has the potential for a higher purpose besides just making money. Doctors, for example, make money. But their purpose is not to make money. Their purpose is to heal sick people. Teachers educate. Architects design buildings. Engineers construct things. Journalist hopefully reveal the truth. Help us to see the truth in society. Businesses, the greatest value creator in the world. It doesnt get credit for it. Its narrative has been hijacked by critics and put this this greedy exploit ative purpose. I do a Little Program on cnbc called how i made my money. Stories about people who achieved the american dream. They often start with small ideas. And i agree with you. I cant remember one of them who said, i want it make money. Thats my goal here. It is usually with their little businesses that they have a product that they believe in. It is belief and faith and desire to prove for self validation. Thats correct. He wonder whether you believe that lofts of companies at some point, maybe more public than private, lose sight of that fundamental faith that what they are doing is serving customers and they become all too focused on the next quarters profits and so forth. I definitely believe that does happen. When it does happen the business ultimately is in decline now. It lost its purpose. It may carry on for years or decades, but eventually that company will decline. It it needs to consciously create value for all of its stake holders. On monday, president obama will be inaugurated for a second time. You have called obama care a variety of things. Most famously, a form of fascism. A phrase you backed away from. Why do you feel so strongly that obama care and this president is leading in the wrong direction . Well, first i made a poor choice in words that got a lot of people upset. And of koirs that wasnt my intention. Im a believer in Free Enterprise capitalism. I think it is whats lifted humanity out of poverty. I think it result in great progress we made in the world. A hundred years ago 85 of people alive lived on less than 1 a day. Average life span, 30. Now across the world, 68. 78 in the United States. Thats due it capitalism. Thats due to business. I would like to see healthcare based on Free Enterprise capitalism. Instead it has moved to greater government control, which saps innovation, doesnt give us choices or innovations. I would much rather see a safety net for poor people so everyone can afford healthcare, but let the markets work. We have crony capitalism in a sense. Government controlled healthcare. I dont think thats the best way to go. Thank you for the book Conscious Capitalism. Even though youre an ba billionaire, thats all right. Im working on it. Simon . Nice interview, ty. Thank you. An interview oprah that he used performance enhancing drugs. Is the game over for the cyclist or can the public forgive him . Can he rejuvenate the brand . Thats coming up in the power rundown. At 1 45, the aflac duck was brought in with multiple lacerations to the wing and a fractured beak. Surgery was successful, but he will be in a cast until it is fully healed, possibly several months. So, if the duck isnt able to work, how will he pay for his Living Expenses . Aflac. Like his rent and car payments . Aflac. What about gas and groceries . Aflac. Cell phone . Aflac, but i doubt hell be using his phone for quite a while cause like i said, he has a fractured beak. [ male announcer ] send the aflac duck a getwell card at getwellduck. Com. [ male announcer ] how do you make 70,000 trades a second. Reach one customer at a time . Or help doctors turn billions of bytes of shared information. Into a fifth anniversary of remission . Whatever your business challenge, dell has the technology and services to help you solve it. Not a huge week for stock mutual funds. 3. 75 billion. So, is it time for retail ifrn vestors to get back in . Neil, at the same time money goes into mutual funds, it appears to be coming out of broad matching market etfs, why . I think obviously investors are looking for a return. They are not getting it in bonds and certainly they can look for it in stocks. The s p 500 yield is higher than now in tenyear treasury. Theyve got to look somewhere and i think they are trying to look for winners right now. What do you think, brian . Time to get in, or when the retail guys go in as they seem to be, is it time to get out . Thats the cliche. They are already getting in. We have to answer whether it is a good idea. I think it is one of the best places for yield if you cant get into real estate. But the bottom line is this. Tyler, i met new summer of 2007 when the vix was last this low and i remember doing dow 14,000 stories in the fall. And i remember what happened after that. Now im not saying cliches are always true, but thats the cautionary tale and thats what i saw five years ago. 2007. Wow. Time goes o by. Did you hear this, Lance Armstrong admitted to Oprah Winfrey he used peds and cheated his way to seven Tour De France titles. Will this admission, brian, help restore his brand . Of course, this is a steroidfree and hormonefree hour at power lunch. Yes. As can you tell, my pipes arent quite what they used to be. His brand, according to the people i talked to, is pretty much destroyed. Was not helped by last night. I talked to one sports agent who represent olympic athletes and he said, no way will he ever make another dollar off himself but said every office he goes into now, he has it convince people that his clients arent on performance enhancing drugs. That, according to him, is because of lance. Neil wineburg, if the bank perpetrated this dishonest fraud that apparently mr. Armstrong did, they would good out of business. Wouldnt maintain their brand, would they . No. They would probably have about a thousand pages of regulation coming at them as well. In this case i think what lance today do was sell america on the idea he add change of heart. Not just a change in tactics to push the armstrong brand and it appears he fell badly. The love did not rub off of oprah on to lance. Lets talk about the inauguration monday. Barack obama. Take a look at the official white house photograph from 2009 and now in 2013. The presidency does age us, isnt it, neil . It certainly does. Almost as bad as trying to run a media website. But seriously, obviously, when you see these pictures, before and after the president s, youre like wow, im glad i didnt get a day older myself. It is a tough job and obviously particularly partisan, nasty. Sort of things that tear at you internally. Thats whats been going on the last four years. You got to feel for the guy. Lets not go back to 2007 when we met. It is like dog years. Salt and pepper looks okay on him. When im 51, i hope im in raz descent of shape. Yeah. Good basketball player. Quick programming note. On monday, we will have special coverage of the second inauguration of president barack obama. Beginning at 11 00 a. M. Eastern on monday here on cnbc. Simon . In the meantime, millions of dollars worth of classic cars on the Auction Block in arizona right now. Including famous hollywood memorabilia. Our own wealth editor also known as le chauffeur. This car was in a famous movie. I will give you a hint. A toll booth and a lot of guns. The big hollywood past coming up next on power. Ing in their own unique way including investing. So we help clients identify and prioritize their life goals. Taking that input and directly matching assets and risk preferences against them. The result . A fully customized plan. We call it goals driven investing. You have unique goals. How about a portfolio specifically designed to achieve them . Expertise matters. Find it at northern trust. Executor of efficiency. You can spot an amateur from a mile away. While going shoeless and metalfree in seconds. And you. Rent from national. Because only national lets you choose any car in the aisle. And go. You can even take a fullsize or above, and still pay the midsize price. Now this. Will work. [ male announcer ] just like you, business pro. Just like you. Go national. Go like a pro. [ male announcer ] some day, your life will flash before your eyes. Make it worth watching. Introducing the 2013 lexus ls. An entirely new pursuit. Attention car fanatics, how much would you pay for the batmobile . It is just one of the many hollywood cars up for auction this weekend. Our own wealth editor robert frank has the stats on a few famous sets of wheels. Robert . Indeed, simon. More than 2,000 cars to be

© 2024 Vimarsana

comparemela.com © 2020. All Rights Reserved.