The First Look - Joanna Ossinger, Bloomberg News
Related Audio:
-
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 the financial exchange -- night Barry Armstrong with you. You know we're gonna take a moment just to reflect on what happened last week. We're getting ready for the opening bell which will ring in 45 minutes. But right now you need to know last week the Dow finished the week down 126. Points the NASDAQ finished the week up nineteen points the S&P five and. Down seven and the Russell 2000 up about three point so a mixed bag on trading last week. But it doesn't appear to be any confusion as relates to trading this morning in 24 minutes the stock market will open. In June I expect that to be in negative territory across the Boris -- the Dow futures down 97 point. Yeah it is it's pretty much right across the board S&P down ten NASDAQ down sixteen oil down seventy cents it's down now Barrett 79 dollars and five cents a barrel. You've got the ten year US treasury sitting at one point 614 down slightly. And then now of course gold is trading up five dollars and ninety cents to 1517. Well earnings drive the stock market and we're joined now by -- off singer from Bloomberg News in New York -- welcome to the show -- -- you know I'm starting to hear whispers about earnings announcements coming on July ninth now it seems far away because were only on June 25. But next week's gonna be somewhat of a washout with the hot fourth of July holiday fallen on that Wednesday. Is that why we're seeing a pullback in stocks this morning people companies are are like Alcoa Procter & Gamble Philip Morse. Are we anticipating a weak earnings season. People are definitely starting to being nervous they're earning season. And of course there's always this cycle where a company's goal is here Alex and then I'll pull back a little bit because they love to beat expectations straight and other -- and not so. They tend to eat a little bit more processed and then. Beat but it's definitely looking like a weaker earnings beat and we had a pretty and stronger than expected earnings season last time we had. The warmer weather and offered the hiring in that's pulling back. So it it could be and it pretty weak growth -- them. Largely true in attributable to the problems in Europe from what I can gather -- -- companies are paring back or. Not willing to invest in their infrastructure based on the the slowdown anticipate coming out of Europe. Exactly your and some of the weakness and kind and even some permitted in the US. And consumer discretionary companies for instance may not be predicting tons of people buying things and then Mexican. -- the -- -- in I don't -- seem ungrateful but oil prices are down. 25%. From their high I think oil's trading this morning it's 79 dollars it was as high as a 106 dollars a barrel. Back in March. Why have we not seen -- 25% decreasing gasoline prices gasoline prices we're lucky -- down maybe twelve or 13%. Yeah well apple is -- thing because the court that companies have to vital element they refine it and then neat. And it bays and it's in the statement and then stations have been data pricing so. It's going to be a couple weeks but also it is. It is start of the summer heat and and it's tends to be a pretty expensive time policy -- July -- it's the middle of the week a lot of people are gonna be driving. So there is usually a -- we -- -- prices are gonna stay a little bit higher and in my otherwise. And all right well I guess we just have to wait -- see and hope for lower gasoline prices you know come Friday join everybody's going to be jumping in their cargo once somewhere right it's a holiday week holiday weekend. And it is it seems like there are awfully just seems like it here is you say they're sticky on the way down right. IRA with UN thank you very much for your time we sure appreciate it. All right that's two in costing her joining us from Bloomberg TV in New York.
