The First Look - Liz MacDonald, Fox Business
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Tami Luhby, CNN MoneyTami Luhby, CNN Money
out there. All my family is out and Antarctica there in -- hockey players all these Bruins players that you love -- -- where you think they're from either from you figure from Massachusetts. What -- -- the American players on the crossed amber is here now so why. Why did you leave. My dad a transfer okay Kampman you'd still be their -- guys that are not facts you'd go back tomorrow -- if you. The problem is I'm not a good enough occupier he it to be. Saskatchewan. Produces more hockey players per capita than any other place in the world to -- a -- paid attention the past couple weeks. But supposedly the number one hockey player in the world it turns out. He's not that Iraqi player you know he is that it is just that the other Canadian playing against -- is a better player. -- birdie is a better player than Sidney Crosby . When he doing and you look at the game of hockey -- get ready looks at the offensive side of hockey chemicals that yet now it's a two -- game you gotta be of the play defense Sidney Crosby can't play defense he sucks and the defense he's he's he's a wimp. And he doesn't play. That's an uncle Chris Chelios . Give me a belt made him but he running each. Is. Like rich rich this is embarrassing to to stop that knowing that Jack and Roenick now. Wage on the island -- got your -- -- these. Players I sound yet I've actually her -- The hall of famers I mean it the best like Bobby or he's from Canada and -- now he's from Saskatchewan. Wayne Gretzky he's from -- In isolating it like that's your national sport that you didn't see any baseball players made it in the -
Casey Ross, Boston Globe, on PriceWaterHouseCooper's
Casey Ross, Boston Globe, on PriceWaterHouseCooper's
right now are taking a look at the waterfront -- the new real estate option. Then moving to a different officers bank put you know they want to establish -- -- exciting new abandoned building and so. The seaports and interest and opportunity that drawing a lot of companies trying to. Why I think I like the financial district to that what's the big attraction of the seaport area you name it may be a mess it's. Poll. It's cheap and it's that's the main thing is that you know right up there looking around at look at okay -- and I moved to and another office building downtown and I stay put. You know that the currently rate or should I mean he moved to the seaport there's a -
Shawn Kravetz, Esplanade Capital
Shawn Kravetz, Esplanade Capital
been and then. We'd like to buy the whole company and then negotiated transaction . Do you own any shares in the company now. We do we heard the second largest outside shareholder. The family owns roughly 90%. Of this company. DE Shaw. Very very large hedge fund in New York City is the largest outside shareholder and we are number two. Why panel why they're why they hesitating to solitude they must feel that the shares are worth Maurizio I think I can conclude. Well. I don't wanna speak for them but I suspect you're right on the money. They had no idea that and they know there's a lot of value there. And I guess they're confident that someday they will get that we would like to help shareholders get that values sooner rather than later. Because. We thought the assets -- well. You made the statement that you feel the -
What's Up On Wall Street - Andy Cinko, Bloomberg News
What's Up On Wall Street - Andy Cinko, Bloomberg News
we asked a question of the day which had to do with Social Security And collect your Social Security for retirement age or are you going to collect literally. 73%. Of Americans collect their Social Security early in the vast majority of cases I think that's a mistake but people do it for any reasons. When I came up with June and I think is a good idea for us to talk about is you know we're sitting here and and and acting all high and mighty. As it relates to this discussion about Social Security in the back the matter is we have access to tremendous resources on this topic whether the courts are now ski. Who worked for the departments of security for 37 years or whether it's Chris Farrell was a reporter for Bloomberg we have access to a lot of data. What I would like to do is make this information on Social Security Tips to maximizing -- worst Social Security benefits I'd like to make it available to our listening. I think it's they I think it's important. You know people refer to it I think some 97 -- as areas of securities of Ponzi scheme this. I disagree with you respectfully -- disagree with you but you know -- more importantly. Please educate yourself on Social Security Call this phone number it's 508591. 5444. Asked for the guide about Social Security tell the I would pay -- wanna learn more about Social Security Barry seems to know a lot you know why I read a -- I studied this stuff every day it's what I do for a living. 5085915444. Is the number you should call. Call them. Tell -- you're listening to the financial exchange and you want to learn more about how he can maximize your benefits. Out of Social Security I think you'll be glad you made the call I know I was glad when I read the report on Social Security Maybe a more informed consumer. 5085915444. Up next Sean Kravitz he's the president of a hedge fund. That has been trying for
Automatically Generated Transcript (may not be 100% accurate)
Good morning and thanks for stopping by it's the day after well we kind of had a flat day yesterday analyst in the Sabine Dow down a point. NASDAQ flat S&P flat. Russell 2000 down five points so not a lot of movement in stocks yesterday but you holy smokes -- take a look at those features get. -- -- -- -- -- -- culinary union that goes you do it you look good to this morning good morning how are you. Dow futures down 81 S&P down eleven and NASDAQ down when he. Oil is also trading down 84 cents at 9101. The ten year US treasury is also down slightly to one point 738. You've got cools down 1710. To 1559. So yes read all across the board. And yes my face could be like you just a little bit worried about bail -- the bad news. You're yet -- Packard. Supposedly announcing major job via its gonna impact people that were here boxed him right there yeah after those quarterly results come in and then of course we still word about Greece and it LL. Deal hammered by apple. So he looked at all the different bad news stories that are out there. And it's having an impact on stock valuations right now futures down across the board. And and it's really curious to see despite the. Uncertainty. About what's going in Europe. You've got gold prices. Go out sixteen dollars and that's not even even mentioning the step with FaceBook. And you know -- like Ryan and Morgan Stanley the organs. I might might even got into that but at 10 AM we've got new home sales numbers coming out. So. Help things just a tiny -- a lot of. Is that this -- the Mercury today gee this is a woman who knows all earnings this McDonald from the Fox Business -- married. We're trying to choose from the bad news to determine what of that which which aspect of the bad news yet -- you guys Hewitt Packard Europe. Oh it's having the most pronounced impact on stock prices that. I think Europe com and here's the deal there approaching it just isn't playing Europe. Of agreed to have to decide whether one of the greatest efficient central government. As more than just the treaty backing and they have that the tax collector. And based that they have on Fisher. That's the issue there are no provisions for this mr. treated at that up. The European Union and there's nothing in the print you know commission for the treatment of breakup of the monetary union they are no rules -- no means. -- it and there it is a country wants to exit this European Union and then says thing and it paid off the debt might local devalued currency in nobody knows and it and it work they'll. Courses and certainly gone on the market right now. So -- it hasn't I thought everybody had kind of written off Greece and and just assumed there was going to be a departure is it. The fact that it's actually looks like it's going to happen is that what's causing -- -- to sell off. Yeah I think there's a 30% chance and it happened. And then there's the question of well. So those -- Spain is in a -- as data on housing bubble has played four unemployment. Supposing they ain't that they decide they want it in -- that the European Union the end an employer is terrible that's a -- aired on -- based and look look at a payback. And Spanish Hays state is even know the tickets for euros. And that's -- his. Mr. about it -- Argentina have proved problematic because it did just that they paid back in a local devalued parent need them as erratic to. Tipping point toward slowing growth at a question where do Libyan negative European shock. And what that means were all of our -- that that there investment across the board. And I think the VP to put it to interpret that for the rest -- audience. If Europe goes into a pretty severe recession or not in recession yet -- they stayed out of recession last quarter. But if they do going to a minus GDP along. -- procession of 45% for few quarters that's gonna hurt China and it's obviously gonna hurt us here in the United States because. You know this important point -- it because at any of that in the markets and watched and by the way I've been at. An analyst that all street earned a cover corporate -- and of recovered balance -- fastest in the Wall Street Journal you know I covered -- -- -- taxes I've been at this for. Two decades and I hate beating myself -- -- but. And I am always in my it would Dick Clark they in -- -- that each should be able to beat whoever you want to think they can expect a but it -- I don't hear DI mean we've got. Again. And -- going to be until the market but that you know in my mind being with what Europe is struggling with -- like when America built in 1989. When it didn't have as Central Bank in have essential tax collector. And European. Eight Europe with the -- union is at that. These straight out like a big bird a printing money now will cause a rally and an improvement in the stock market in the world. And I expect to have. You know both of bearish and a polish market and he's going to be up and down cycles. And they are playing -- I think less than twice on as the -- link and longer term it's going to be a bumpy ride for sure European half the field goal in order to raise one because your -- that's what people dropping. I waited dollars and stronger as look at a mighty blow. -- in about -- -- something it's shocking to me is needed tenured note US ten year note. You know trending toward 1 point or am I haven't -- in 1962. NM NM and nineteenth that it to the US government had with caps on Monday. -- were on F a world were to -- in Quantico that I Krejci. To get details that war right on so you know it. -- the big issue is that are developed countries. The US Europe and Japan Europe is responsible I think one statistic that forty that a book and it was and it happened in Europe. And Europe those you know that's probably I mean it is not talk about -- China can -- and -- China does not have the consumer buying -- Europe in the US and Japan. He lives telling you to put your investigative reporter had on. Our state decades. Trash not state treasurer are right what's what's -- titles the secretary sent it yes bill Galvin is going after. Morgan Stanley Finneran is going after Morgan Stanley on this whole FaceBook thing. It it it sounds like they didn't disclose. To even some of their own clients the full love ramifications of what we're going on with. Yeah when they port on about here's the potential for -- and in the other underwriters in they've brought is the market that they did not disclose that that in time they were touting the -- But they were actually hiding. Their earnings forecast for the company's. You know what I looked at these but I looked at these protests here to have -- Apatow and finally we don't know what they've been meager just closures and -- in coming out on their earnings. In out of my mind and -- -- but to me is this one big app is one big giant app social app. Bottom yet that this model to -- you like that this model to people want it eight from reality into. Talk to their -- the rent and not the advertising it out of eight or nine of their. Ten revenues come from Africa I think is if people wanna be intruded upon -- border and Nike -- when he got to talk to different that the -- from the YouTube. Based and that electoral even further. You know his. During the dotcom bubble which recover for the Wall Street Journal we have a lot of problems with people at companies that dot com and tech companies counting dot com rather. Counting. -- -- As revenues and head -- click per used and that's ridiculous and what we -- with FaceBook is there and waiting potentially their user numbers big. They'll point of peace but is. It got what eight or 49 million active. Abused you around the world on -- but now we need go to their definition of what an active -- as. They count as an active -- a person who goes to another web site it's and a -- dot com modified. And they -- alike but none that would. He likes that contact. Click and out like aren't even made a good thing but these accounts that. As an active user that's a problem I -- users as possibly 200 -- nine. Yet they get to. Get it to China mean they're not and chided me ever get a lot of potential but this means that -- nine dollar ten dollar Cochran and. -- and -- -- you to you know a lot of people are accessing FaceBook through their mobile phones which are what two by three in in diameter perimeter whenever. How much of an ad can you see on a small phone like that. And luckily it right yet -- the really important point. Because that's eight but the now at the that is having trouble spelling and on mobile device is that they are open -- the amount. And the others achieve peace but is you know of course a General Motors made the news and not -- advertise in it but well you know -- I think. That a free webpage at around eight they have to pay. Dispel that and it's against that there freeware page that is -- there are issues this statement right now and I just made at the -- right or. We're not the first person that told me that it's going to be a ten dollar stock and it's had it may be happening faster than Morgan Stanley -- An accurate pass these to be FK for all night. What would you hear from Morgan Stanley clients in new York and mean more in Stanley has got is taking a huge reputation -- on this issue. Well I don't talk declined to talk with people and I'm Morgan Stanley and they are nervous and desperate -- about what happened on the handling. Of the IPO and there's a lot of finger pointing going on -- train in aspect and the underwriters. They still -- really botched that. Reality killed know what are they still propping up the stock though lists -- I've done now they get -- there on capital to -- it is the chairs that -- patriots keep in rural both in below the issue price yeah. On so I'm not sure they're still doing that I don't know. That that would be interesting that that would be valuable information and data out -- stop propping it up visits at 31 bucks a share. And -- it's being propped up. And it then lord knows where the bottoms on. Any issue to it you know. Mark Zuckerberg is that the -- in -- anywhere from. Depending on how is voting shares the can down. I'd like to -- up to two thirds of -- You know it's because that's not. Do you wanna be out 28 Spain outlets are accompanied bush condition he not talk about pro on the bottom line -- I really wanna invest it. They nonprofit. Is running -- or profit company. They went to Harvard in coming up -- there's we got to run thanks very much for your time any time and it's Liz MacDonald from the Fox Business Network joining us today on the financial exchange.
