Transcripts For CNBC Squawk Box 20131126 : vimarsana.com

CNBC Squawk Box November 26, 2013

Later, the Consumer Confidence number is released for september. We were originally speccing Housing Starts at 8 30 eastern today. Permits will hit the tape, but the government is delaying the starts and completions again. They are still blaming the shutdown for this. The Commerce Department now plans to share that information on december 18th. We go from the economy to earnings. This mornings horts include hormel, tiffanys, and barns noble. Also, other market related news, takeover premiums are shrink to go historic lows. The wall street journal reports more than 9300 deals and so far this year the average premium has only by 19 of a target the week before. That compares to a historic average of 30 . Among those factor tos are booming economy, a worry Interest Rates will rise. Market vaum is an issue. You have to look in two different places to figure out what that word might be. Beyond the market is the other top story, the severe storm threatening parts of the country. The big mess that hit omaha, arkansas and texas now sweeping across the east coast. Good morning, andrew. This storm has an awful time as were calling it here at the weather channel, winter form boreous. Maybe is the possibility of Severe Weather as we head into today. Meanwhile, a prestorm street, if you will, across the northeast. We have some slight snow ongoing. Thats no the the big problem, though. Boreas gets winding into tomorrow. Today, rain down towards atlanta. Much of the southeast. Thunderstorms there, as well. And then tom, kind of depends how you look at it here. Good news, its not a major snowstorm on the busiest travel day on the year. Bad news, its down into new york city, washington, d. C. , as well. You have to head west to see that cold air get in there and thats where well see icy mixture getting into upstate new york and vermont. Western pennsylvania, some great lakes enhancement, if you will. It is going to stay away from the i95 corridor, so that will make things a little bit better. Timing not great. 3 to 5 inches in that cold air is able to sink into winner form boreous. So, andrew, the thing with this storm isnt that its an unheard of storm. Its that its on this busy travel day. Thank you for that. Its going to miss us. And i still want to know what it does to retail. Oh, no. Youre worried . We didnt see each other yesterday. I became worried about retail. When you get concerned about a news story, its due to courteous detachment. Is that what they say . Courtis detachment. Thats her newest thing after read to go kill a mocking bird, shes always giving me the courteous detachment and i go, ill courteous detachment you. Anyway, the nasdaq for a while, you could overlay it with japan. And suddenly, though, 4,000 . I tried to get back to well, look at the nikkei, though. But you know the name of this building. When was this building built, do you remember . Since weve been here how long . I would say 2003, maybe. No, i think it was before that. 2002 . It was before that. We moved in in 2003. We did . Yeah. Because they started building it during well, they planned it and starting well it during the nasdaq 500 building. Northbound had never built a structure from the ground up to watch. For a while, the nasdaq was going to be a tree that grew to the sky, it made sense. And the stock market wasnt nearly as popular, we used to refer to it as the nasdaq 5, but here we are at 4,000. And a lot of it is social, is it not . A lot of it is linkedin and facebook. Theres pieces, though. If you look at whats really behind that well, microsoft is not back to 80. Amazon is doing well. But the four horsemen never cisco is not back. Theyve never gotten back to the they have never gotten back to any of them. The nasdaq, the ultimate, you know, sort of canary in the coal mine for frovt, but maybe we deserve to be back here. In other news, new jersey gambliing regulators had given okays to offer gambling statewide. The decision came after four days of testing. And gamblers must be within new jersey. The garden state now joins nevada and delaware as the only states offering internet gaming. Well talk more about this story with a gaming analyst in the next hour. Then in retail news, canadas globin mail approached sears to sell its canadian business. But so far, sear has come up independent. And in other industry news, shares of jcpenney got a boost in extended traying, disclosing a purchase of 8. 935 apiece. Obviously now hes more arrested than he was. Reuters is reporting that tool Industrial Packaging segment could fetch about 3 billion. In late september, itp authorized a plan to begin a sale process for the Industrial Packaging segment. Why dont we take a look at the markets again. As we mentioned, there are some modest advances this morning. Right now, the dow futures up by about 12. 5 points. S p futures up by 1. 5. As joe has mentioned, the nasdaq rose above the close. Oil prices also of interest. Yesterday, you did see a big decline initially because of that Iranian Nuclear deal. Some of those declines kind of passed away as we got through the day. People started bringing up skepticism about the deal. Oil prices are up to 94. 46. Natural gas prices have been pushing higher as weve been wrachg this cold weather push across the country. Right now, the tenyear note is yielding 2. 762 . Thats numbers the fed will be watching, as well. The dollar this morning is down across the board. Euro is trading at 1. 355 and the dollar yen is at 101. 45. Gold prices yesterday settled at their lowest settlement since july 8. You can see right now that gold prices are up by about 10. 30. This comes after three le clines after the last four sessions. Right annoy, its time for the Global Markets report. Ross westgate is tanding by if london. Ross, good morning. Good morning to you, becky. A little softer right now for european equities. Were not quite on the session low. Mild losses. 5 to 4 decliners currently outpacing advancers at the moment. We hit the session low around about an hour or so ago in the trade so far today. The ftse 100 yesterday was up some 20 points this morning. Its down 26 points, so wiping out the gains of about a third. The xetra dax still on alltime highs. The cooke 40 is currently down 0. 2 and the ftse mi byis down 0. 2 , as well. Now, i remember the argentinean government confiscated its stays in ypf in 2012. Now it looks like there will be some kind of settlement. We dont know the numbers, but it has given repso will a bit of a boost. Remy cointreau is down 10. 8 based on a profit warn because they had a slow yun in china. Elsewhere, bonds yields have gotten lower as wheelchair gone through the session. Spanish yields, 4. 148 . Well be looking tomorrow towards mr. Berlusconi. He could be finally kicked out of parliament in a full senate vote, but i never know with the former italian prime minister. Thats where we stand in europe. Back to you. Quantro, some people, ross, try to replace triple sec in margaritas. They pry to replace quantro are triple sexx do not do that. Really . Yes. And i went and got some quantro. I dont think ive rch had a room one. If the, if you want the make it, autos hardly any soort. You were explaining some other stuff. The remy is a cognac, which is a choice for thanksgiving . The margarita or the brandie . I make something more fufu for the softer okay, mr. White wine, for you, too . Pomegranate margarita. You do basically the same thing, du and a frozen one . And i do put ice in there and blend it. I will do that for you, but youre talking a virgin margarita, as well, right . Could you make me a Shirley Temple . I dont even have to do it any more. Whats the other one, coke mixed with grenadine, thats the opposite . Cherry coke . No. You do grenadine with sprite, a Shirley Temple. And then you do grenadine with coke, what is that . I dont know that one. Ross is gone. Hes gone. He wants to be gone for this. Roy rogers. Back to blackberry, many are asking if theres a smartphone alternative. One option weve got for you took us by surprise when we return. But first, a little bits of squawk football news. The San Francisco 49ers beating the washington redskins, 276. Colin kaepernick threw for 235 yards, 3 touchdownes and no interceptions. The 49ers improved to 74 for the final nfc wild card berth. Squawk box coming right back after this. Welcome back, everybody. Right now, its time for the executive edge. This is our daily segment focused on giving Business Leaders a leg up. Businesses looking to wean themselves off the blackberry have had few options over the years. But an old tech firm is breathe something new life into corporate mobility. Kayla tousche is here with this story. Kayla, im listening, trying to figure out if there is an option i would take over the blackberry if its not the iphone. Youre our main audience here, becky, because i know you have had a hard time weaning yourself off the blackberry. But companies have long treated it has standard issue. But theyve recently been warming to iphones and androids, even letting employees bring their own devices. Its a trend housed by one startup that show businesses that blackberry is no good. Big banks are doing rogue, ditch i ditchi ditching dwass, paying top dollar for the app that puts apple and Android Devices in good company. We have the large aeft warningest tell care organizations. We want the rest. Employees where data is on a secure twice as good as blackberry. Just as a former citigroup executive. For me, it was sort of a liberation. You need to be able to conduct business no matters where you are. Before her stint on wall street, she worked at motorola, palm and google. Her timing couldnt be better. With the future of its biggest rival blackberry unclear, Good Business is skyrocketing. Weve actually grown our users by 50 within the last three quarters. Theyre not subtle about stealing market share. With webinars, conferences, and full page ads targeting companies to make the leap at what wyatt calls an inflation point. The next step, an ipo. Thess offers, foreher and her team, the outcome is not good. Sthaels have seen a noticeable jump over the last couple of days. Shes finally seeing cios of some of these big Multi National companies coming to her and saying, listen, were not interested in upgrading our blackberrys what are you offering us and how big can you scale this one our company . But i dont understand. Why is it that much biretter th using the apple version or the android version, whatever it is. Especially regulated Industries Like the banking industry, like, you know, washington has kept the blackberrys because of security. The interesting thing to me about good is blackberry has a level two certification, good has a level four certification. So when companies dont want things to be forwarding things to this gmail or texting to their personal phone, they would rather keep it all on a device and be able to make sure that that information is secure. But it works on any device . It works on any device. Its a firly expensive license. Theyre trying to change their pricing model so more employees within an organization can have a license to use it because that saves the skp money. Does it make it et any includekier or is that something you would even notice . You know, it doesnt. I didnt really notice that on the app. I would have it. I would love it if cnbc got this. But i havent experienced it on my own device with pictures, music, a ton of that storage on there. But the thing about good is its not keeping all your information native. I asked her about Cyber Security and thats one thing were going to be talking about later today. One of all these industry owes this one platform, does that make you more susceptible . She said no because we dont store the messages, we just allow the employee to connect to a company server. So i dont think it would make it necessary, but same thing. Its competitors are citrix and a few other startups not as secure as good. Thats why theyve been able to capitalize on this. Another story, the New York Times reports nsa may have penetrated internet cable links that connect cables around the world. Internet cable centers are locked down under heavy security. But the fiber optic cable res said to contain information that is un encrypencrypted and an ea target for interception. Were back to are we okay with this . This creeps me out, not just sail, look, we want to work of in this information, but looking and targeting it sounds as though but theres so many data that the only thing thats interesting is when you see some money wired to yemen. Theres so much data that none of it really will but instead of cooperating with companies and saying, look, help is flag suspicious looking trng transactions, but theyre saying forget it, were going to go spy without even your approval. The amount of data that theyre talking about to be able to organize it and, like, spy on andrew, spy on me, spy on you without it being something that just raises a red flag, theres so much mass data that i dont care if they and im not you know, i do minor stuff. Theres nothing there. I understand that. But the point is, you are using spying technology to capture americans information, spying on American Companies without their approval ig. Now the respects are my question is, have they found another way in . It creams me out. It bothers me at this point. The nsa operates independently. What does your guy do, andrew . Hes a nice guy. Hes not a nasty republican. Im agnostic. I dont care who youre talking about being my guy. Youre my guy. And youre my guy. There you go. Okay. Lets talk about the fda now warning 23 and me to halt sales of its genetic tests because they have not received regulatory clearance. The company 23 and me is backed by google and sells a 99 dna test that it says can provide information about a Persons Health risks. But regulators are worried that certainly false positive could and a false negative could failure to recognize a risk on a this is so ridiculous. Number one, a false negative is better than no information. Youre not going to get any information. You wouldnt do it, otherwise. So youre in the same position if you didnt do it n first place. And no one in their right minds is going to take a mail order test and go and get a mass tmas. Now here we are with more oversight from the fda which has other things to focus on. Andrew and i have both done this. Weve both done it. I think it was like 200 when i did it, about 2 1 2 years ago. I never even looked up the results because i was doing it because i was interviewing ann wojicki who is the founder and ceo of the company. I wanted to do the whole test, but things got crazy. How many x chromosomes did you have . It did not i it didnt specifically say i did it seven years ago when they were prototyping it and they were using tight test people were testing it in java, they were swapping you. And i looked at it to figure out whether i would get alzheimers. And you didnt have any of those markers . I always joked that i could get it early because i have such a bad memory on the show. I could lose my hair. You learn all sorts of things about your family, different cancers you could get, but theres no way i would go and get a surgery or some kind of something i might be more aware of something, and maybe talk to my doctor about it, but thats about as far as it would ever get. And you guys know that the company is keeping a huge debate of all this stuff and adding to the knowledge we have about different did geno type phenomenon and this is all really useful information. We studied a lot about the xxxy, xxyy, its actually pretty interesting because its hard to find actual examples where you can definitively said this pheno type aim from this again it genetic marker. I dont think they can continue to do the tests at this point. But it sound pd like there was paperwork back and forth. Maybe theyve been complying but not as fast as the agency wanted. I wanted to know if theyre being halted what that really means. I dont know. That was not my understand, but there is growing pension. Overreaching here is well, if someone wants their you should be able to get the information. Im worried by the nsa. I have to say, reading this stuff is getting spookier. Well, you know, i want to hear what youre doing, where you think you might get in trouble for doing it. Im worried about our Civil Liberties being eroded. Im worried about Technology Getting better and better. We have a pretty Good Government over here in terms of Civil Liberties. So when they start telling you you can only have one kid, then start worrying about your civil lib terties. When we come back, were going to become back time. Does this tell us something about the Broader Market environment . Blue, how the central bank plays into the skagz. Ready to run your lines . Okay, who helps you focus on your recovery . Yo, yo, yo. Aflac. Wow. [ under his breath ] that was horrible. Pays you cash when youre sick or hurt . [ japanese accent ] aflac. Love it. [ under his breath ] hate it. 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