Transcripts For FBC FOX Business After The Bell 20130108 : v

FBC FOX Business After The Bell January 8, 2013

We can see the ringing bells on wall street, the dow down 56 points, four tenths of 1 , s p down 5 , the nasdaq down seven. The best performer out of those. Ashley Economic Growth israel seems to be slowing down, so it is being done to turn it around especially with the election on the way and turmoil in the region . Coming up, israels minister of finance. He just had a meeting with treasury secretary tim geithner. Itll be interesting to see what he had to say. Sandra and liz claman live in las vegas getting us a glimpse of tomorrows tech today. Liz how many of you all out there watching watch youtube videos and say i have to show that to someone . I want to show it on my television right now. Panasonic with a new feature that they absolutely believe you will dump your current tv for and by panasonic. Youtube to your tv. He will show it to us and it is something he absolutely feels can change behavior for television owners. We will show it to you coming up. Over at panasonic. Back to you. Sandra we look forward to that. Shibani joshi is also at the big show in vegas and she will join us in about 15 minutes with the ceo of qualcomm, find out where he sees mobile Technology Heading and should know his products are in the most coveted devices out there. Ashley stocks extending into the second session with all three major indices closing in the red. Eight of 10 s p sectors ended lower. Telecom, industrials the worst performing sectors while health care and materials boosted games. The big winner in the precious metal, platinum jumped 1. 7 settling above 1580 per ounce, gold also rising and in the green up 1 to snap a three session losing streak. U. S. Small Business Owner confidence increasing just slightly almost flat for december but remaining after record low levels. The National Federation reporting the index rose a half a point, the survey planning uncertainty surrounding the fiscal cliff negotiations as a drag on sentiment last month. Sandra chief investment officer, we are waiting on earnings from the aluminum maker alcoa, the unofficial kickoff of the Fourth Quarter earnings season. The average estimate right now heading into that is 0. 06 per share in revenue. Larry, looking at these markets today, and other down day, what is this telling us . The selloff this week, are we facing the reality that is the debt crisis in this country . What are you focused on . Im focused on congestion and consolidation. This really isnt a selloff at all, more of consolidating and digesting, people are desperate looking for the next catalyst it seems nobody is talking about europe or china and even the fiscal cliff has been in the rearview mirror. Earnings coming in tonight, that to be the next catalyst driving the market. Sandra we are hearing we will be getting alcoas numbers. Theyre starting to hit the wire. I am seeing sales of 5. 9 billion, so revenues appear to be beating the street estimate. The revenue number looking pretty good, is this something you were looking for . I was wrong. Revenue is a lot more important than earnings per share. Ashley adam shapiro has all of the revenue numbers, what do you have . Adam it is a hit and they beat on the numbers coming in 0. 06 earnings on revenue. Coming in at 5. 9 billion they do acknowledge the low Aluminum Prices but theyre talking about being in a strong cash position. Delivering overhead improvement, kind of crowing right now of havinhavingthe cash on hand. Ashley there we have it, matching estimates of 0. 06, but beating the revenue 5. 9 billion obviously have to dig into this more and more the guidance seems to be happy with having a lot of cash on hand, what is your thought . The market is wrong, including me. 65 of the business downstream depends on engineered product, etc. , etc. Saying this would not be good for alcoa. Options markets with a 40cent move, dont know what the stock is doing but it seems i am wrong and the market is wrong, it must be higher. Sandra global aluminum demand forecasting it to be up 7 , larry, in 2013. That is a big turnaround from the demand we have seen. It is a really good indication to the economy pointing to an improvement in the economy. They are implying 6 to 7 demand growth. What is more important is supplies are even higher and beyond that it is really strong. Aluminum still not trading. We will still see the utmost production of aluminum creating a bigger supply, longer and longer to see stocks. Ashley after hours up about 0. 16 on the bid. Do you see a lot of movement to the upside when it opens tomorrow . Probably so. Given the Options Market implied 0. 40 move it seems a little bit more upside. I would still be a seller right now, a little rich given the price of aluminum will stay low. A little more upward momentum is in order for tomorrow morning. Sandra we will get to you when the s p futures close. Maybe could set a positive tone for the earnings right now. Ashley is it a bellwether situation . But mostly positive for aluminum, so interesting stuff. Lets change gears a little bit, israeli finance minister meeting with u. S. Treasury secretary Timothy Geithner pressing on iran and discuss the economic relationship and we are very lucky. Israels minister of finance joining us now. Thank you so much for being here. We wanted to get into the economy but first wanted to ask you about meeting with secretary tim geithner, how does that go and what was the key issue discussed . It was excellent for his corporation merely on two issues. Secondly very important the treasury in the sanctions from iran, those sanctions are 50 50, maybe they are not sufficient alone but finally very, very effective. Ashley are you concerned the president s nomination of chuck hagel for defense secretary he has spoken out against allegations of iran and israel in previous speeches, are you concerned about that if he makes it through the nomination process . This is an easy question. Feeling the united states, respecting any decision by the president and congress. We expect our friends out of the israeli position. Ashley can we bring in liz claman . In las vegas at the consumer electronic show. Take it away. Liz thank you for joining us. A lot of israeli companies, israel is a very fertile area for the entrepreneur. That is why Companies Like yahoo and intel and microsoft Advanced Micro Devices go in and set up shop because israel is an opportunity. But he has spoken about how inflation is so unbelievably high, the taxes are very high. What are you going to do as finance minister to really make it a better and more conducive atmosphere for the entrepreneur in israel . 1. 4 , this was the index. As mentioned before, the economy is still growing and relatively good speed, it was mainly, mainly due to increasing investments in the economy in israel since the beginning of 2010 investment was close to 24 . Helping us create many, many new jobs and to overcome the Global Crisis relatively in good shape. Still we will have to make some budget cuts, which will be tough. But i would emphasize to make it more and more attractive for the investments. We strengthen israels image as a Global Center for Technology Innovation for development and more and more companies from the united states, intel and many others invested in israel. In the last two years many, many new investments by companies that also opens r d facilities. Liz that is hugely crucial. How much is that helping your economy . Par the attraction from a lot of u. S. Ceos and why they go to israel is a very motivated workforce. Is that at the forefront of what the chinese are thinking as well . Speak out to other things we have very good as you mentioned. Scientist engineers. We work with many incentives, we came up just two years ago to promote the future developments of the industrys for the next 20 years and i went to china and met with the chinese finance minister and Prime Minister and i convinced them to give a very clear green light from a very clear announcement in these companies to consider allowing them to consider investments in israel. Several significant chinese investments in israel in the last two years or in china, here we had some competition because the export is going down a little bit because of the european crisis. Stuart israel managed to skirt the crisis from 2009 to 2012 when the overall economy came in 14. 7 , which is very impressive but showing signs of slowing down. What are you doing to try and counteract that . We were slowing down in 2012. Still the fastest in the western world. Two major reasons. The crisis in europe and exports going to europe, so slowing down in the exports, and secondly in 2012 the pipeline was once and again, there was no cheap gas. It will reach only then. One year without that it is very expensive. Added value went down a little bit also from egypt. In a few months time well have the israeli discussions. Thank you for being here, we really appreciate it. Pleasure to be here. Next Charlie Gasparino has more news on herbal life. Have you seen the moves the stock has been making . 16 over the past five trading sessions. Keep it right here on fox business for that. A peek at mobile technologies and the ceo of panasonic north america has keys with a few new tricks. Keep it right here on fox business. [ male announcer ] this is karen anjeremiah. They dont know it yet, but they gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, theyll find some retirement people who are paid on salary, not commission. Theyll get straightforward guidance and be able to focus on other things, like each other, which isnt rocket science. Its just common sense. From td ameritrade. [ male announcer ] how do you make 70,000 trades a second. Reach one customer at a time . Or help doctors turn billions of bytes of shared information. Into a fifth anniversary of remission . Whatever your business challenge, dell has the technology and services to help you solve it. Nothing. Are you stealing our Daughters School supplies and taking them to work . No, i was just looking for my stapler and my. This thing. I save money by using fedex ground and buy my own supplies. Thats a great idea. Im going to go. We got clients in today. [ male announcer ] save on ground shipping at fedex office. Ashley alcoa reporting corporate earnings earlier this hour. On the floor of the new york stock exchange. Nicole first were going to show you where alcoa clothes on the floor of the new york stock exchange. Now coming out with earnings per share right in line and revenue that beat the street, 0. 06 matching analyst estimate also revenue came at 5. 9 billion exceeding the analyst estimate of 5. 6 billion. They cut costs, got reduction fourthquarter profits and gave projections about Aerospace Global growth, how about automotive looking good, seeing growth of one to 4 and Global Growth overall for demand understand that will grow as well about 7 in 2013. With these positive comments seeing alcoa popping in the after hours. Ashley appreciated. Sandra herbalife fighting back against the Company Running pyramid scheme. Getting a pop on news they coud hire famed attorney to consider legal action. Ashley exquisite detail, Senior Correspondent Charlie Gasparino. Charlie they have hired, they may file legal charges against him for what they believe is liable. I dont know if it is a pyramid scheme, but he is a very successful short sailor. He makes money when stocks go down. He has been successful. He was right directionally, thank you was wrong about the notion he thought it was a pyramid scheme, ponzi scheme. They were a firm, but they insured bad debt. That is a problem with some of the stuff he says but a lot of these do that. Heres what we have been talking about today. The stock on a big bump on report we did from another investor, very critical long investor very critical. Basically thinks he is way off on this. He thinks there will be big ne news, he told us, involving the stock in the next 2448 hours very soon. On that report only. We went on air with it. The stock up more than 6 and has come down off of their highs. It is a pretty interesting day. The famed attorney will be at the meeting on thursday. I believe it is in the morning after four seasons hotel, itll be a mob scene although what we have heard is it will only hold 120 people, both 120 people outside, reporters, i believe, turning into the same on wall street. Sandra you will have it for us, i am sure. Thank you very much. If you have a smart phone, many people do, theres a good chance there is a qualcomm product inside. Talking to paul jacobs of what is next in the world of mobile technologies. Stay tuned. There are patients who will question, why does my mouth feel dryer than i remember it to be . There are more people taking more medication, so we see people suffering from dry mouth more so. We may see more cavities, bad breath, oral irritation. A dry mouth sufferer doesnt have to suffer. I would recommend biotene. The enzymes in biotene products help supplement enzymes that are naturally in saliva. Biotene helps moisten those areas that have become dry. Those that are suffering can certainly benefit from biotene. Sandra ashley, listen up. According to new estimates, this year 1 billion new smart phones will be shipped worldwide taking the total up to 2 billion. Ashley their products are sold in a wide range of phones from the Samsung Galaxy to the iphone. Shibani joshi joins us now. Shibani qualcomm is the number one supplier of wireless chips and were pleased to be joined by the ceo of qualcomm, thank you for coming on. Thank you for being with us today on a very busy, busy day. A very busy week certainly for you. Thank you for having me with you. Shibani yesterday you gave the keynote at replacing Steve Ballmer and bill gates. A mobile company is a keynote at a Consumer Technology show. What does that symbolize in terms of the direction the Consumer Technology . Everybody knows a smart phones have become so popular. Mobile computing, computing is going mobile so microsoft built the new windows on top of our chips for example, so it is just now we will see it enabling technology. In particular Consumer Electronics. Tvs, game consoles, all those things we traditionally think in Consumer Electronics. Shibani you are sort of the brains behind that technology. It is sort of the meaning that the horsepower, the engine is the driver for things rather than the device. What do you think of that . Speak we can go to the store and i device but we want them to get a little bit more about ashley we go to the tech conference in las vegas and guess what happens. Sandra giving us the best. Ashley will be going back to ces in las vegas. Liz claman will be talking with panasonic on what they have on tap to attract consumers. With new technology in their tv. Sandra theyre about to get running again. How you can write them to profit. Tdd 18003452550 when im trading, im totally focused. Tdd 18003452550 tdd 180034525 and the streetsmart edge Trading Platform from charles schwab. Tdd 18003452550 gives me tools that help me find opportunities more easily. Tdd 18003452550 i can even access it from the cloud and trade on any computer. Tdd 18003452550 and with schwab mobile, tdd 18003452550 i can focus on trading anyplace, anytime. Tdd 18003452550 until i choose to focus on something else. Tdd 18003452550 all this with no trade minimums. Tdd 18003452550 and only 8. 95 a trade. Tdd 18003452550 open an account with a 50,000 deposit, tdd 180034525 and get 6 months commissionfree trades. Tdd 18003452550 call 18667513261. Sandra time for a quick speed read of some of the days other headlines. Five stories, one minute. First up china is betting on solar energy. The countrys top economic planning official says china plans to more than double solar capacity this year and to 10 gigawatts solar power capacity. Amazon is planning to open a one million square Foot Fulfillment Center in new jersey. The new facility expected to open early next year and it will create hundreds of jobs. We need them. Target is pledging to match prices of select online rivals, sorry around the nations second largest discounter, will match deals customers find on identical products all the time. I think that was yearround. Ashley it was yearround. Sandra gotcha. Samsung expects record high Fourth Quarter profits. The company sate operating profit would be 8. Billion and beating estimates up 89 from a year earlier. Anheuserbusch is promoting a new buyer at super bowl for the second year in a row. The beer giant pushing budweiser black crown plan. Expected to be on sale nationwide january 21st [buzzer] ashley you made it. Sandra ashley will try it out. I dont know. Ashley im trying it out in 10 minutes. Sandra yearend. Ashley not rear end. It was yearend. But it was written rear end. We they where your head is at. Lets get to the market panel. John manley, wells fargo equity Fund Strategist and john freeze, street one president. Scott, let me begin with you. From what i can tell youre cautiously optimistic. I should say cautiously pessimistic when i get into your notes. When i we kick off the Fourth Quarter earnings, scott, what are you looking for . We heard from alcoa, not bad but what do you think the season brings . I think a lot like what we saw with alcoa. You will have some Companies Meeting estimates or a little bit of beats like last quarter, beating the numbers but missing on revenue. Revenue is the big driver for us. We dont think the Fourth Quarter is great. Were looking diminished Numbers Companies need to beat. Some of the Companies May end upbeating their earnin

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