Page 62 - Consumer Base News Today

Environment that may be lacking in some of their competitors. you sense that youre on the very cusp of radical change. and knowing that you have an idea, that it might be early, it might be a few minutes early, but its innovators like steve jobs and bill gates and, you know, mark zuckerberg, quite frankly, all three of them, zuckerberg and gates, both dropped out of harvard. i think harvard produced as many successful dropouts as it has graduates by now. you see that opportunity. that narrow win...

the senate vote will just end in the same gridlock that we seem to be getting used to? >> the way the legislation is put forward, the entire package that the president has put forward is not going to pass, not going to -- probably wont pass the senate. certainly wont pass the house of representatives where the republicans have a lopsided majority. elements of it are popular if they break out certain parts of it and find a way to pay for those popular parts. some of it could be passed b...

today with different messages. a few hours ago, alri tv broadcast a defiant audio message from saif gadhafi saying his father and closest followers are hiding in tripoli suburbs and their morale is high. listen. >> the leadership is fine. the leader is fine. and we are fighting and we are drinking tea and coffee and we are sitting with our families. >> saif gadhafi also had a message for people he calls his brethren in tripoli and alibya. >> reporter: were saying to everyone move now. ...

today with different messages. a few hour agos al rai tv broadcast the message, claiming his father and closest followers are hiding in tripolis suburbs and their morale is high, listen. >> translator: the leadership is fine, the leader is fine, and we are fighting and were drinking tea and coffee and we are sitting with our families. >> saif gadhafi had a message for people he called his brethren in tripoli and across libya. trnti >> translator: we are saying to everyone, everyone has...

bottom. when it comes to steering the economy, well tell you how beijing is being penned in by chinas soaring pork prices. stock markets are up, but after the collapse of confidence thats hammered equities over the past few sessions, investors are wondering whether the panic is really over. tuesdays federal reserve meeting appears to have been the trigger for the rally in europe. the gains there partially reversing the spectacular falls of recent days. european indices are heading ...

Here. the magic wall and tell you where some of the issues are between the u.s. and china. let me start with cars. chinese love american cars. they like cars in general but they love american cars. the market for cars in china is growing because its middle class is growing. general motors saw record growth last year and it actually sold more cars in china than it did in america. china is now the largest auto market in the entire world. it surpassed the u.s. back in 2009. china needs freeways for...

Political reform is still out there. >> right. one last question that you and i discussed earlier in a break. that is, for people who are watching us who are workers, who are businesspeople, what are our opportunities here in the united states out of this growing economy and this growing consumer base over the next decade or so? >> you know, i tell high school students graduating, i say, go to shanghai for one week. there was a delta flight. just go and feel shanghai. >> when you say electric, t...

The first thing is that they are a growing economy. china grew 9.6% in 2010. america grew 2.4%. why is it good that theyre growing so fast? because they have got a growing consumer base and they buy stuff, and possibly stuff that we can make. and heres another issue. they like to buy chinese, but the truth is, chinese buys so much stuff that they buy a lot of american too. they are the third larger buyer of u.s.-made goods. canada is the first, mexico is the second, china is the third and china ...

>> lefties. >> steve jobs. >> doesnt really sound like apple though. what were looking at here is a phone that needs some kind of insulation. many speculate that a recall is very unlikely, and i tend to agree, at least at this point, but perhaps apple is going to send everybody a free little rubber bumpers they call it which would insulate your hand from the phone, but apple currently charges 30 bucks for those. >> so an intermediate solution would be to give everybody a free case basically for ...

Dip recession. >> its huge, david. you look at just the consumer confidence, the consumer sentiment numbers from the month of february. you see people are pretty discouraged right now. thats significant. lets face it, its the consumer base that keeps the economy going. if you and i dont shop, dont go out to dinner, those businesses really suffer. the only way were going to go out and spend a lot of money is if were confident we have jobs. people just dont have that confidence right now. that lea...