2. 5 Million People visit key west a year, and you only sell 40,000 pies. I make tough decisions. Were closing the store. Were done. Im not talking about it anymore. And i back them up with my own cash. Check that out. Its not always pretty. Tired of this bull[bleep]. But this is business. Were gonna have a battle on this one. I do it to save jobs. I got to get some stuff done and youre gonna be our leader here. And i do it to make money. This the profit. [theme music] u. S. Key lime pie company is a pie maker located in beautiful and sunny key west, florida. Jim brush. Jeff and his girlfriend, alison sloat, bought the company, recipes and all, over ten years ago for just 1,200, and have grown the business from selling pies on the side of the road to having their key lime pie named the nations best pie by the american pie counsel. Even though they generate 1. 4 million in sales, they have yet to turn a profit. We really are a victim of our own success right now. Damn it, im tired of th
Deluge. Demand for stocks is waning which is why on this first dave a new quarter, the dow fell 78 points. S p 500 declined. Had 4 . And believe me at some point it was real ugly. I often talk about what actually moves stocks and how they can react to a whole series of inputs earnings forecasts, employment gains Federal Reserve policy changes. These are all substantive game changers. They can impact your portfolio. However, there is a whole series of issues having to do with the mechanics of money management. While the issues are rarely talked about except perhaps on this show they can have every bit as much of an impact on your stocks as those heavyweight fundmmentfund funneled. Al inputs i mentioned. Thats why i focus on the secretive workings of money management, the busy used to be because these forces are extremely powerful. They can wreck even the most jovial of bull markets. And none is more deadly than the impact on all stocks from new supply. For the longest time this markets
That and janet yet yellens first News Conference. Steve will have the cnbc fed survey results in just a moment. But as for todays data at 8 30 a. M. Eastern, well get two reports. One is the Consumer Price index for february. Thats expected to rise 0. 1 . Housing starts for february are also expected to rise by 3. 4 . A major improvement in the drop that we saw back in january. Building permits are expected to come in flat for the month and the markets are going to be looking for any weather related issues. Well have those reports coming in at 8 30 eastern time. Right now, futures are indicated slightly lower. Dow futures down by about 32 points. S p off by 4 points. On monday, the dow snapped a fiveday losing streak as concerns about ukraine subsided after sundays vote. And russias president Vladimir Putin will be speaking to Parliament Coming up this morning. Heads of reason in public groups will be in attendance. Putin is expected to address the integration of crimea. Many expect hi
Today dow climbing 20 points and nasdaq declining. 33 . Alltime highs require some soulsearching. Because by definition the markets gotten more expensive than it was with alltime highses. Considering that my whole career ive tried to buy low and sell high. Its hard to get excited now after a huge run. In the very old days we used to actually celebrate these milestone, can you imagine . I get that. Our viewers are wall street for people who own stocks and dont get against them, given that our core mission is to try to help you make money, a new high can mean there are more ways to make money, that many people are winning and that people who chose to be in the market are better than those who chose not to, but this distinctly what have you done lately for me kind of work which means we need to assess the risks and those risks increase the higher we go. We also have to assess the rewards because theres no sense leaving the party if well end up stuck with certificates of deposit which only
Those numbers expected to hit at 7 30 a. M. Eastern time. Then well have muhtar at 8 00. Johnson johnson expected to report. Theyre expected to earn 1. 48 a share on revenue of 18 billion. After the bell, youll have to wait for it, intel and yahoo are reporting. You can get the numbers on the closing bell. Then on the economic front, hire whats going on. The government is going to release the Consumer Price index for march. Economists expect a slight tickup, up. 1 . That is coming at 8 30 a. M. Eastern time. We have a lot on the agenda. Midnight is the deadline for taxes, right . Yes. Are you done . Oh, yeah. I paid for my Auto Insurance, er. No extension . No extension. Straight. Okay. Good for you. Huge bulls eye on your back. Yeah, for sure. Youre like one big like tea party. Youre like a Big Tea Party yeah. Youre one of those nonprofit. Yeah. They dont like you. No one as. Going to rain on your parade today, andrew. No one is going to rain. This is a big day. Its a day to celebrate