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Feb 27, 2013
02/13
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the lone exception was new york city, where prices dipped a half a percent. there was more data today reaffirming the housing market recovery. new home sales surged almost 16% in january, lotore an expected and the biggest jump in nearly two decades. so what's behind the turnaround in the housing market? >> the biggest factor is just the fact that prices have fallen to such a level that there are enough willing buyers that see value in this market to come in and basically provide a floor. >> reporter: in fact, investors continue to purchase about nearly one out of every five homes. many real estate experts predict home prices will continue to rise this year, fueled by a dwindling number of properties on the market. in january, the supply of homes for sale fell to its lowest level in nearly eight years. for most people, the biggest impediment to buying a home is not credit score or income. >> it's down payment. most people don't have enough spare cash laying around that they are able to qualify, given today's higher down payment requirements. >> reporter: typi
the lone exception was new york city, where prices dipped a half a percent. there was more data today reaffirming the housing market recovery. new home sales surged almost 16% in january, lotore an expected and the biggest jump in nearly two decades. so what's behind the turnaround in the housing market? >> the biggest factor is just the fact that prices have fallen to such a level that there are enough willing buyers that see value in this market to come in and basically provide a floor....
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Feb 9, 2013
02/13
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it's toy fair in new york city. we'll check in on mattel and hasbro to see what's ahead for the toy industry in 2013. and our nbr-u partners at stanford join us for a look at how we decide where to invest our money. their research shows it's all about our economic experiences. you can read the article on www.nbr.com. just look for the "nbr-u" tab. when it comes to realizing your long term goals, sometimes it can take a little longer than you think. this week lou's been thinking about overnight success. here's author and educator lou heckler. >> one of the things i love about sharing these moments with you is that it is for me a return to public television. i started working in public tv in 1966 at the university of north carolina at chapel hill. i was very fortunate: the station did two 15-minute newscasts every weekday and i was chosen as one of the anchormen. by the time i left school, i had aired more than a thousand newscasts. over the next dozen or so years, i worked at three commercial stations in three states
it's toy fair in new york city. we'll check in on mattel and hasbro to see what's ahead for the toy industry in 2013. and our nbr-u partners at stanford join us for a look at how we decide where to invest our money. their research shows it's all about our economic experiences. you can read the article on www.nbr.com. just look for the "nbr-u" tab. when it comes to realizing your long term goals, sometimes it can take a little longer than you think. this week lou's been thinking about...
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Feb 20, 2013
02/13
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penney makes its way to a new york courtroom. tiger woods, lance armstrong, and now the olympic runner and amputee oscar pistorius-- all disgraced athletes, and all were paid big bucks to promote products for nike. in this week's "beyond the scoreboard," rick horrow says nike has an endorsement problem. >> for the second time in four months, nike has had to distance itself from one of its endorsers because of a major international scandal. first, lance armstrong and doping; and now, the disturbing murder charge against south african oscar pistorius, who just last summer became the first amputee to compete in olympic games. nike taking down ads all over africa and the world, and the rumor of an official termination; it may be just around the corner. the downfall of lance armstrong and tiger woods and oscar pistorius demonstrates that nike may have trouble vetting its endorsers. but even more troubling is the fact that shareholder value and stock price may be at risk at the speed of a news headline. nike certainly needs to do a bet
penney makes its way to a new york courtroom. tiger woods, lance armstrong, and now the olympic runner and amputee oscar pistorius-- all disgraced athletes, and all were paid big bucks to promote products for nike. in this week's "beyond the scoreboard," rick horrow says nike has an endorsement problem. >> for the second time in four months, nike has had to distance itself from one of its endorsers because of a major international scandal. first, lance armstrong and doping; and...
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Feb 28, 2013
02/13
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ruben ramirez, "n.b.r.," new york. >> tom: tomorrow on "n.b.r." the countdown is on to friday's sequester deadline, we'll see if lawmakers can cut a last minute deal to avoid billions of dollars in federal spending cuts. and we'll see the latest gauge of the u.s. economy, with the latest g.d.p. numbers. oil prices settled slightly higher today in new york, rising $0.13 cents to nearly $93 a barrel. but as tonight's commentator points out, just a few short years ago, everyone thought tight supplies would push oil prices through the roof. here's todd buchholz, author of "rush: why you need and love the rat race." >> what ever happened to "peak oil?" just a few years ago experts assured us the earth was hollow, and we'd be running out of oil and natural gas. now the price of natural gas has collapsed by 75% thanks to the fracking revolution. and this revolution is creating hundreds of thousands of new jobs in hard-hit, hard-hat states like ohio and pennsylvania. was this magic? no, it was the work of men, women, and markets. as the price of oil rose,
ruben ramirez, "n.b.r.," new york. >> tom: tomorrow on "n.b.r." the countdown is on to friday's sequester deadline, we'll see if lawmakers can cut a last minute deal to avoid billions of dollars in federal spending cuts. and we'll see the latest gauge of the u.s. economy, with the latest g.d.p. numbers. oil prices settled slightly higher today in new york, rising $0.13 cents to nearly $93 a barrel. but as tonight's commentator points out, just a few short years ago,...
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Feb 15, 2013
02/13
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suzanne pratt, "n.b.r.," new york. >> susie: our next guest says the u.s. airways and american airlines merger is a positive for the industry and travelers. he's ray neidl, airline analyst at nexa capital. ray, if this is such a positive for the industry, why is it that all of the airline stocks were down today? >> well, i have been telling people about u.s. air waste stock in anticipation when the deal is announced, sell it. and what about all the others, i mean if you look at these stocks now, whether it's delta, united, continental or southwest, they were all down between 1 to 4% today. >> basically it was probably other developments that did that. the merger is going to be positive long term. the reason why i said buy in anticipation, sell on doing the deal is u.s. airways is going to face a big challenge now for the next year or two combining two systems. but overall, it is a major positive, it's a final chapter on the deregulation and we're going a new book where airlines will benefit from new technology. >> susie: certainly it is complicated and comp
suzanne pratt, "n.b.r.," new york. >> susie: our next guest says the u.s. airways and american airlines merger is a positive for the industry and travelers. he's ray neidl, airline analyst at nexa capital. ray, if this is such a positive for the industry, why is it that all of the airline stocks were down today? >> well, i have been telling people about u.s. air waste stock in anticipation when the deal is announced, sell it. and what about all the others, i mean if you...
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Feb 1, 2013
02/13
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suzanne pratt, "n.b.r.," new york. >> tom: the outlook for new jobs depends in large part on decisions made in washington in the next two months on spending and taxes. white house economic adviser alan krueger warns the automatic spending cuts known as the sequester could hurt the economy and job growth. washington bureau chief darren gersh spoke with him at the white house just after the employment report came out. darren began by asking there's a clear trend in the jobs numbers. >> today's report of 157,000 was a little bit above what the average has been for the previous 12 months, but i think if you look at the whole pattern, we see a job market that's gradually healing. over the last 35 months, our businesses have add 6.1 million jobs. that's moving in the right direction but we have a big hole to dig our way out of because the financial crisis was so deep >> darren: it doesn't look like in the job numbers that the fiscal cliff scared employers from hiring people but that didn't show up. were you surprise bide that? >> i think our economy has been resilient. investment was strong
suzanne pratt, "n.b.r.," new york. >> tom: the outlook for new jobs depends in large part on decisions made in washington in the next two months on spending and taxes. white house economic adviser alan krueger warns the automatic spending cuts known as the sequester could hurt the economy and job growth. washington bureau chief darren gersh spoke with him at the white house just after the employment report came out. darren began by asking there's a clear trend in the jobs...
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Feb 12, 2013
02/13
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.," new york. >> susie: joining us now with more on what to expect from president obama's state of the union address, david gordon, head of research at the eurasia group in washington d.c. >> so if you heard from our report, david, it's all about the economy. that's the big interest for most americans. what can the president propose tomorrow that will get the economy moving without some kind of big stimulus plan? >> so i think that the president's going to try to do a couple of things. first he's going to call on others to help him. first es he going to call on the congress to do two things. one, avoid the sequester, avoid the job cuts that will come from the sequester. and come to a balanced program on putting budget issues on the sidelines for the rest of this year. two, pass immigration reform so people have confidence, migrant workers have confidence, or security improves, so es's going to ask the congress. second he's going call on business whose balance sheets are in very good shape. he's going to say now is the time to invest in america. you have waited. you've improved your sta
.," new york. >> susie: joining us now with more on what to expect from president obama's state of the union address, david gordon, head of research at the eurasia group in washington d.c. >> so if you heard from our report, david, it's all about the economy. that's the big interest for most americans. what can the president propose tomorrow that will get the economy moving without some kind of big stimulus plan? >> so i think that the president's going to try to do a...
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Feb 1, 2013
02/13
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but here in new york, this new business was born in the kitchen. this is pastry chef jenny mccoy and her business partner diana lovett. >> jenny had her background in the kitchen and wanted to make things accessible to the home cook. i had my background in the non- profit world and really wanted to have a socially responsible supply chain. >> reporter: cisse makes mixes for products like hot cocoa, cookies and cakes. they use all-natural products and fair-trade cocoa. that's cocoa that comes from farmers who use fair labor practices, and sustainable pricing. it's been a busy year, the two went from concept to prototype in four months and hit store shelves in september, the products are available in whole foods and other grocery chains along the east coast. >> i certainly think that with a line of baking mixes i think that a woman-owned business sort of makes sense to the consumer. >> reporter: women owned businesses are expected to lead the u.s. economic rebound, according to "women lead" author tracey wilen gaugenti. she says crowdfunding is level
but here in new york, this new business was born in the kitchen. this is pastry chef jenny mccoy and her business partner diana lovett. >> jenny had her background in the kitchen and wanted to make things accessible to the home cook. i had my background in the non- profit world and really wanted to have a socially responsible supply chain. >> reporter: cisse makes mixes for products like hot cocoa, cookies and cakes. they use all-natural products and fair-trade cocoa. that's cocoa...
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Feb 13, 2013
02/13
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ruben ramirez, "n.b.r.," new york. >> susie: those tensions over foreign currencies will be an important issue in moscow this weekend when g-20 officials meet. for more on that and the outlook for international investing, we turn now to nick colas, chief market strategist of convergex group. >> susie: hi, nick. let me start by asking you more about this currency issue. you know it is very intricate and complicated for most individual investors to understand. what is the risk if this currency issue escalates? >> yeah. it is a very good question. there are really two risks that investors need to worry about. the first is that these currency wars only benefit one country, the country that is weakening its currency. it creates a lot of volatility and uncertainty in the rest of the global market. the actors who want to invest in the market, consumers and companies, get worried that currency volatility is going to make the future less predictable. that's problem number one. problem number two is it interferes with the co hegence concerns, when you have one country trying to get over on another
ruben ramirez, "n.b.r.," new york. >> susie: those tensions over foreign currencies will be an important issue in moscow this weekend when g-20 officials meet. for more on that and the outlook for international investing, we turn now to nick colas, chief market strategist of convergex group. >> susie: hi, nick. let me start by asking you more about this currency issue. you know it is very intricate and complicated for most individual investors to understand. what is the...
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Feb 7, 2013
02/13
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ruben ramirez, "n.b.r.," new york. >> susie: a massive winter storm is headed to new york, and wall street. the national weather service warning major blizzard conditions will hit the northeast tomorrow. the big apple is bracing for a foot or more of heavy wet snow. tom, that could translate to a quiet day of trading here at the big board tomorrow. >> tom: it would be a needed break from today's selling. let's look at the damage, in tonight's "market focus." se >> tom: the major indices pulled themselves back from some early helling to finies t s adn now fraction. the morning sellofhef in tn s&p 500 took the index below 1,500 for a few minutes.in but throughout the afternoon, most othose losses were erasedst ndhethinex ingis fheighir by 0.2%. 693 million shares traded on the big board. just under two billion traded on na e thsdaq. materials led the sector losers fling 0.6%. the energy sector slipped 0.5%. chemical maker f.m.c. weighed on the materials sector after failing to iossrewall street fthssts iourth quarter earnings. shllretsfes 3.4% as volumefe t almostripled. it could be some pro
ruben ramirez, "n.b.r.," new york. >> susie: a massive winter storm is headed to new york, and wall street. the national weather service warning major blizzard conditions will hit the northeast tomorrow. the big apple is bracing for a foot or more of heavy wet snow. tom, that could translate to a quiet day of trading here at the big board tomorrow. >> tom: it would be a needed break from today's selling. let's look at the damage, in tonight's "market focus." se...
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Feb 21, 2013
02/13
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.," new york. >> tom: combined the two companies have about two thousand retail stores. and as erika mentioned, some of those stores are expected to close, leaving vacant millions of square feet of commercial real estate. brian jones is a portfolio manager for the neuberger berman real estate fund. >> tom: brian, what kind of shape is retail reestate in as it faces what could be a big consolidation>> well, thank your having me tonight. i think retail real estate is in a very good situation right now. what we've seen over the past two years have been improving occupancies, and in many of the better markets we're beginning to see rental rate growth. this is largely driven by the fact there is very little new construction of retail centers going on in the united states currently. and,wálooking to grow have to find space in the existing centers in order to fund and continue their growth efforts. >> tom: let's assume that office depot and officemax are successful in combining their resources. does this square footage, that presumably would become vacant in the years ahead, a
.," new york. >> tom: combined the two companies have about two thousand retail stores. and as erika mentioned, some of those stores are expected to close, leaving vacant millions of square feet of commercial real estate. brian jones is a portfolio manager for the neuberger berman real estate fund. >> tom: brian, what kind of shape is retail reestate in as it faces what could be a big consolidation>> well, thank your having me tonight. i think retail real estate is in a...
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Feb 26, 2013
02/13
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.," new york. >> tom: as suzanne mentioned, we're just days away from $85 billion in federal spending cuts hitting the u.s. economy. today, the war of words over the sequester continued. president obama called on the nation's governors today to pressure lawmakers over the sequester, saying citizens of their states will be out of work. the american people are out there ef row day meeting their responsibilities, giving it their all to provide thor their families and their communities. a lot of are you doing the same things in your respective states. we need that same kind of attitude here in washington. at the very least the american people have a right to expect that from the representatives. >> we've got more on this from darren gersh. he spoke with one of the republican leaders in the u.s. house today. cathy mcmorris rogers. we began by asking whether the sequester will actually happen. >> i hope not. we'll see. march 1st is right around the corner. and what we need is for the president and the democratic senate to sit down and come up with a proposal to replace the sequester with a
.," new york. >> tom: as suzanne mentioned, we're just days away from $85 billion in federal spending cuts hitting the u.s. economy. today, the war of words over the sequester continued. president obama called on the nation's governors today to pressure lawmakers over the sequester, saying citizens of their states will be out of work. the american people are out there ef row day meeting their responsibilities, giving it their all to provide thor their families and their communities....
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Feb 7, 2013
02/13
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suzanne pratt, "n.b.r.," new york. >> tom: the "new york times," the wall street, and even the federal reserve have all been the targets of thieves in the past week, using key keyboards. the federal reserve said it was hackers exploiting a temporary vulnerability in a website vendor product. the products were not affected, and the security hole was not affected. the fed is not saying what information was taken. an online hacker group says it was behind it to access information on 4,000 bank executives. in the past six months, they have disrupted website from bank of america, and even sony's video. george tubin is with us tonight in boston. are companies, george, taking cyber-security serious today? >> that's a good question. i think unfortunately, the answer depends. some companies are. certain industries that have been hit, and have had issues lately over the past couple of years, like retailers, some of the payment processing sites, banks, certainly defense companies. but i think as a whole, unfortunately, in the u.s. companies are not taking it seriously enough yet. >> tom: you know
suzanne pratt, "n.b.r.," new york. >> tom: the "new york times," the wall street, and even the federal reserve have all been the targets of thieves in the past week, using key keyboards. the federal reserve said it was hackers exploiting a temporary vulnerability in a website vendor product. the products were not affected, and the security hole was not affected. the fed is not saying what information was taken. an online hacker group says it was behind it to access...
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Feb 7, 2013
02/13
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you look good hill is the headline in the "new york daily news." >>> rarely does a person find that one in a million guy or gal who looks just like them. these people found their lookalikes and have become friends. >> believe it or not, these aren't twins. they're not even related. these are friends who just happen to look like each other. they say everyone has someone who looks just like them. that's right. everyone. oj smith met crystal garcia when she walked into the clothing store where crystal was working. >> she was helping me out. you know, find a dress and i just kept staring at her like -- oh my god. >> there was this girl staring at me? >> francisco and josh both work as medical researchers at the same company. they even wear the same scrubs every day. everyone else noticed the uncanny resemblance but get this -- they didn't really see it. >> i didn't really notice that i looked like him. >> jasmine and matty are both students at the university of southern california. they get double takes when they're out together. they met each other on campus. >> then school starts and i ge
you look good hill is the headline in the "new york daily news." >>> rarely does a person find that one in a million guy or gal who looks just like them. these people found their lookalikes and have become friends. >> believe it or not, these aren't twins. they're not even related. these are friends who just happen to look like each other. they say everyone has someone who looks just like them. that's right. everyone. oj smith met crystal garcia when she walked into the...
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Feb 13, 2013
02/13
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.," new york. >> susie: those disappointing retail numbers weighed on blue chips today here at the big board. perhaps some investors are even giving up stocks for lent, as there was continued talk of a possible market correctn. the s&p 500 index flip-flopped between positive and negative territory for much of the session. it briefly touched its highest intra-day level in more than five years, and ultimately eked out a tiny gain. on the sector front, industrials were best-in-class, rising 0.5%. materials tacked on a modest gain. shares of mcdonalds took a bite out of the blue-chip index today. while there was no specific news on the fast-food giant, there was speculation president obama's call for a higher federal minimum wage weighed on the stock. mcdonald shares fell 1% to close at $94, and the company was the largest percent decliner in the dow. the president's shout-out last night to 3-d printing companies gave some of their stocks a nice boost today. he said 3-d printing has the "potential to revolutionize" the way things are made. 3d systems added 4%, ex-one gained nearly 2% and s
.," new york. >> susie: those disappointing retail numbers weighed on blue chips today here at the big board. perhaps some investors are even giving up stocks for lent, as there was continued talk of a possible market correctn. the s&p 500 index flip-flopped between positive and negative territory for much of the session. it briefly touched its highest intra-day level in more than five years, and ultimately eked out a tiny gain. on the sector front, industrials were...
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Feb 8, 2013
02/13
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ruben ramirez, "n.b.r.," new york. >> susie: a massive winter storm is headed to new york, and wall street. the national weather service warning major blizzard conditions will hit the northeast tomorrow. the big apple is bracing for a foot or more of heavy wet snow. tom, that could translate to a quiet day of trading here at the big board tomorrow. test test test. the materials sector after failing to impress wall street with its fourth quarter earnings. shares fell 3.4% as volume almost tripled. it could be some profit taking behind the selling, as the stock was at an all time high earlier this week. f.m.c. makes insecticide and hydrogen peroxide. the company's business has been growing thanks to sales in latin america. it has been months in the making but a merger between u.s. airways and american airlines parent company a.m.r., may be getting close to take off, according to the wall street journal. the combination would create the world's largest airline. among the complications: american is in bankruptcy so it's creditors would take a large s test ke of antest test. both of them. four
ruben ramirez, "n.b.r.," new york. >> susie: a massive winter storm is headed to new york, and wall street. the national weather service warning major blizzard conditions will hit the northeast tomorrow. the big apple is bracing for a foot or more of heavy wet snow. tom, that could translate to a quiet day of trading here at the big board tomorrow. test test test. the materials sector after failing to impress wall street with its fourth quarter earnings. shares fell 3.4% as...
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Feb 5, 2013
02/13
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portfolio manager at the street.com with us from the web site in new york. david, you know, consumer focus stock sectors outperform the broader market over the past year. can that continue? >> i think that's a really good point. especially in 2012. when-- generally the consumer sectors are considered defensive so the fact they outperformed i think they can continue to outperform in 2013. we're in a period now where essentially an all-time high and a lot of folks are calling for a bit of a pullback. >> and clearly a lot of these consumer goods companies come with dividends. thats with a theme we saw in the first half of last year but the stocks continued to do well at the end of theas year into thiserio. coca-cola someone of those you have your eye on as a dividend consumer goods, what do you like out of coke. >> i'm the resident dividend stock advisor here at the street and i really like 29.7% dividend yield at coke. the company has enough earnings to easily cover this 2.1 times over but more importantly coca-cola's growing the dividend, growing its dividend
portfolio manager at the street.com with us from the web site in new york. david, you know, consumer focus stock sectors outperform the broader market over the past year. can that continue? >> i think that's a really good point. especially in 2012. when-- generally the consumer sectors are considered defensive so the fact they outperformed i think they can continue to outperform in 2013. we're in a period now where essentially an all-time high and a lot of folks are calling for a bit of a...