Page 38 - Garyb News Today

People are blogging and twittering like crazy and whatever airline did that more than a few times, toby wouldnt fly delta, fly american or take the train or something. let the market work, the government cant manage it. >> brenda: what do you think, does the invisible hand of the market work or does the government need to reach in as well. >> and what i think is that gary b and tobin can go ahead and die a slow death sitting on the tarmac, im for the fast death, and not having the airlines leave...

Owners too? >> by t vchlimport-- there will be increase ins prices. in this case, the union screwed up in the sense they should have done this during the holiday shipping season and kind of missed that strike opportunity like they had a few years ago and now the shipping volumes are lower so we can kind of handle it, tax increases are going to happen and it will drop off. unions have no power in in and it will fizzle out because of that. >> brenda: what do you think, gary b, a bigger threat beca...

Your pick and 49%, are you still standing by that call? >> 49, you know, last year worst pick sprint went up 140% this year. stick with it it could rebound next year. >> oh, man-up. >> brenda: and worst call in 2012. gary b, in may you said nike would run to new highs instead it tripped and fell and its down 53% since then. are you still a believer in nike? >> i am, its rallied lately and made a nice move, the last few weeks. i love it for 2013. >> brenda: okay now to the best calls and toby, yo...

And if your flight is canceled youre not going to get home and youre mad. >> brenda: gary b. >> and versus hundreds of thousands, how can you have a trade-off? >> guys, we were looking at a graphic, gary b, showed the year before the regulations how many canceled flights and the year after, how many cancelled flights and theres a big difference there. >> toby is kind of right. whenever the government int intercedes and tries to fix the market. back in 1978 they deregulated the airline industries...

Had a bad week, selloff. >> in the futures market on friday, just after the guys came outen said maybe we have a deal, shot up a hundred points, but the market is a short-term player. the short-term theres a vote counter, its voting short-term. in the long-term, gary b is absolutely right and other guys are right, well get over this. dont worry about your 401(k) on january 3rd if its down because we dont have a deal. worry about your 401(k) two years down the road if not only we get nothing, but...

Most important part of the year, without a doubt, times a thousand is the holiday season. thats what makes the year for most of these retailers and its the worst time of the year, and the only way things could get better is if they renew the tax cuts for an extra year, but i dont see that happening. >> and actually retail sales during the holiday season make up a quarter of annual sales for most retailers, toby, youre talking about doom and gloom and youre facing a tax hike. youre telling me, yo...

Forget that, much bigger than many, many states combined. right now, thats driving america and technology. >> the biggest doesnt necessarily mean greatest, does it, gary b? >> no, it didnt. and jonas is right. well have a chance to see how quickly, quote, unquote, californias economy grows, but i want to come back to one other point and jonas made the comment, government can create jobs. government cannot create jobs. first off to hire teachers, thats the biggest kenard out there, thats not the ...

Think the government cant create jobs, look across at the state level. >> and that was-- >> you were right before its crowding out good private sector jobs. >> exactly. >> you can create jobs at the government level. >> im talking net jobs. >> go ahead, gary b. >> im talking at the time jobs, if i give my money to the government and the government makes up some job, thats money i would have ewher employer would have hired someone, im talking net jobs, it moves the money from one pot to another, ...

At ten cents on the dollar and dont tell me it was all fannie stuff. >> brenda: guys, there you go. >> jonas, youre right. >> brenda: gary b, last word. >> i get the last word? hey!. >> brenda: yes. (laughter) >> thats all we needed. all right. and thank you very much, steve for joining us. well, one of the 80 ceos warning about the looming fiscal cliff just announcing something that could make you a 40% bump by the spring. im a conservative investor. i invest in what i know. i turned 65 last we...

All. gasoline prices are too high, even though theyve come down recently theyre too high and we dont have any slack in this economy so this thing would be kicking our compli eco hat a time were not circling the drain, but on the edge of the toilet. i dont think that consumers can afford the increase in the gasoline prices, nor can they afford the economic hit that they would take in that region, rebuilding at a time, again, where things are difficult in the first place. >> gary b, are you worrie...