Deb Borchardt, from thestreet.com, talks to barry
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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 welcome to the financial exchange it is a Wednesday morning and we're glad to have you with us. A lot of action today as you've probably already know. We got apple earnings last night at 4:30 PM. And I was watching it. Coming in and sit there watching the data -- -- and -- -- you and there was tough. It was tough for me being a big mess we're gonna talk about that later during the program we have a guest. Yeah joining us later in the program Adams set carry on oil from Bloomberg he's an apple analyst at what he specializes in would talk about that stock and what the ramifications can tell you that the stock last night was down about 6% in after hours trading so it was tough. Tough announcement that they made port at the end of you take a look under the hood and see you know all is lost an apple -- we have some things that are good. Two to a 42. Let's run through the -- well let me just say we have three days in a row now where the Dow -- down more than a hundred points Dallas down a 104 points yesterday. However we are seem to be on the rebound this morning -- Well we certainly not the Dow futures now up a 127 point Sperry NASDAQ -- count six S&P. 500 is up sevens of single lot of green in front and on the board the glob gold is trading up 2660162. Tenured US treasury sitting at one point 423 not a whole lot of movement from yesterday. Oil trading up fifteen cents to -- each barrel. All right well we have up a mixed bag. Economic data and earnings announcements that have been getting released during the last 24 hours. Were to -- by dead or chart from thestreet.com. Dan are you doing today. There so what are your expectations for you we've got new home sales coming out at 10 AM that game I guess were probably being overshadowed by the earnings announcement. They think it seems like the earnings are taking priority over economic data this week. Right there yet -- than any real good economic data coming out this -- we do have GDP. On Friday and that's really what everybody's been watching for our economic data -- the number expected to be well. And really good story today with the market being up is that Federal Reserve and the leak. And then there is that -- potentially thinking of doing more are. You being to help the economy along. And that's what's really pushed the market higher today. And any kind of combine that would did GDP report that's coming -- this week. And Bernanke has been out there are staying -- -- -- -- -- be L one point 5% -- up to 2% but he's been laying on the ground from high number -- it -- did allow. That he hasn't been any nation that they are got to -- some but what the economy because it's so bad and I'm I had to I was so far off. Well let me ask you daddy you know week we get excited and Wall Street gets excited about the Fed doing something but. Are they out of bullets I mean I look at them and they've got to six shooters and they've emptied their their guns and and I don't see them I don't know what else they have left in their chambers. That they can roll out to help the economy. You're absolutely right they cannot do anything with interest rates about the most that they can do. Is up -- up. Some of the debt and that's what they have been doing now so of course make things nice and easy for the banks. They can continue to do that but they're a little bit of were they can do kind of high in the current that a lot of people don't really see. And that it kind of been doing all along. In an anchorman doubt I would expect that apple see is them continuing to deal. More that you know it is an election year. There's definitely a lot of motivation analysts -- to keep the market doing well right now. All right well I guess do you keep an eye on it would have if the economy is slowing. And I think there's evidence that they is it that it is slowing. Where we not seeing oil prices trend of the war and the oil seems to be stuck at nine. Right right well what's interesting about that is is. It gets tied in Q I was not much supply and demand because we know that the price of oil is not connected -- client demand anymore. It's really just connected cute people treating it. First there's the power. And now whenever you see the dollar start to go out that bringing the oil put down of course now the bar has been stronger because of what's going on in Europe. Com we also -- you could make argument that oil has been down because there's a feeling of global weakness. And so you won't get the demand for manufacturing. The demand for products out. Europe also there's talk of Asia brawling style. That got so kind of kept oil prices down yup ultimately. -- bit slower. American consumers because you know we have a little bit more money in our pocket ninety dollar oil is still a great place for the oil companies -- -- -- But Arabs blob that ninety dollar price range. I think that you know there actually is some good to come out of having. Oil and outlook hi. All right well -- we appreciate your time thank you very much for your efforts and we'll have you back again next week hopefully. All right that's -- or sharp joining us from thestreet.com.
