What's Up on Wall Street - Deb Borchardt, The Street
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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)
Head over five years the financial exchange -- stop filling in for burial Armstrong with June night. And we are joined now by -- Borchardt from thestreet.com. And -- how are you this morning. I'm good how are you today. Doing pretty well and it's been a pretty good couple weeks in the market and in particular yesterday markets were up across the board so what was really leading the charge. For us stocks yesterday. Well we kept fairly positive result out of Alcoa which isn't. Considered the kickoff in earnings repeatedly that company comes out and get there they're -- they -- fairly positive things today. About their -- market which carry you know aerospace and airplanes in and all kind of you know Smartphone -- uses a little. And can go back and I got things kicked off with. Good bang. -- -- and it also in news yesterday something that we haven't seen in six months FaceBook closing above thirty dollars a share. What what is really behind this big move is this something that's real or is this something investors should actually be a little concerned about. No I think it is real FaceBook. Invited the president to amen to every event on January 15 they wouldn't say what it would about the get it common -- people were up -- And invited the press about there there's a lot of speculation there had been some talk about media FaceBook phone although that the general feeling that they wouldn't go that. In into a state football because that's at a crowded market but that maybe they're going to hook up split someone else. And do a very big book friendly solve. That it could be tempting. An announcement to do with advertising. But the general feeling was that this is something. There will be added that the the company and I think that that's what pushed the stock higher. And this little bit of a change for FaceBook actually being able to. Kind of get out in front of the press and and really control what they're doing here this this almost seems like they're taking a page out of Apple's playbook doesn't it. That's correct I think that they've not called nothing would be gained from being. -- know BC got an enclosed now because that's just invite criticism. And when you're very open and transparent. And I take some of that criticism away. And take some of the speculation away it doesn't help to have everybody you know pundit and and -- Speculating on what you may or may not be done. Its debut with apple apple is that -- -- on here we're working on big meeting in the period about their product before rolled out but otherwise they're pretty open. Actually talking with Deb Borchardt from thestreet.com. And -- We have weekly unemployment claims come out earlier this morning what did we see here and anything that's a cause for concern. In much I mean they didn't ride for at the four week average and that's what you really want a look -- don't wanna get caught up -- -- week to week number. Having that you know it's still a fairly. Low number and nothing to really get a that concerned about and that's why. The market hasn't really reacted to -- much to that. Because again I want to go up -- -- up small amount of -- to market street happy with Verizon data we got out of China that was really fairly good. And said that he made our markets jump a little bit this morning. As a result is being as good numbers out of China. Looking forward now we have a couple days left in the week are there any big earnings reports that you're looking forward to either today or tomorrow. Really to continue to start off this fourth quarter earnings season. Well you know we're going to be watching the Orwell are -- -- -- morning. There have been. Quite a few bank mortgage settlement -- going on. The general feeling was that they wanted to get those. Mortgage settlement is done in the fourth quarter get back to a point that there. Have more clear. You did understand earnings report going forward and kind of put them not behind them so we do have Wells Fargo. Coming up pretty well Fargo. They have a -- bank that is a little bit easier to understand and say as PD group. Or Bank of America which is so humongous and so huge -- had so many different businesses it's a little hard to understand. Well Nardelli is. A little bit more of at your bank mortgage and Umar. Did type of bank that you can really get a better idea of how. The economy is doing with regards to how -- and people on there Johnston and and that kind of thing folks. That's really going to be the big focus will be probably -- Wells Fargo on Friday. Absolutely and then some news out of Washington. Today as well President Obama is expected to named Jack -- as his nomination for Treasury Secretary today what can you tell us about him. Well he may have a contentious nomination process -- certainly not Republicans Bradley. And by going with him Obama has basically. Kind of put on his his boxing gloves and says I'm ready to go deep battle that this guy is going to be ready to play tough on the budget. And having said that -- they name. Not be real would destroy. The Republicans. He had already been confirmed twice before that it would be hard today. We could confirm him for these a previous position forward he wouldn't. And Office of Management and Budget for. Clinton and for Obama. Department that yes he's okay for that job and then not good job. But they are going to do. Not make it. Because they beat him. As a -- it doesn't opening night without. And that that is a little bit worried because as you know most of the American -- American -- these budget deal done. They want to not have to worry about the physical clips they don't have to worry about that at nine they wanted to play nine in the dam bond and it. Having Jack Luke and end. Could potentially put it back into view a device that situation and that's certainly not what we want to hopefully if he does get confirmed. -- role played night in the sand box for the Republicans. Absolutely all Deb I appreciate you coming home with us this morning and certainly we'll check in with you soon to keep us updated on the markets. Thank you to that was -- Borchardt from thestreet.com. Talking about. Essentially what's going on in today's markets as well as the big news out of Washington today. President Obama expected. To nominate his chief of staff grew rather Jack -- as is nomination for Treasury Secretary today that could be a little bit of about Elgin. And okay so we'll wait what's that supposed to have been doing and I I don't know if he's officially announced yet I think it's scheduled for sometime early this afternoon I wanna see either 130 year to somewhere in that. Ballpark on but I'm not sure exactly when the event is scheduled for so. Coming up we are gonna talk a little bit more about that nomination and what it could mean. For the upcoming negotiations. Regarding the debt ceiling as well as is where America's economy is going over the next couple years that's next. Right here on the financial exchange.
