Transcripts For FBC The Willis Report 20140919 : vimarsana.c

FBC The Willis Report September 19, 2014

We begin tonight with nfl commissioner Roger Goodell, breaking his silence on the flurry of Domestic Abuse cases surrounding some nfl top football stars. Goodell admitting he got it wrong in handling of the ray rice situation but he made it clear he is not considering stepping down. Lets bring in fox businesss adam shapiro. He was at the event today. Adam, a defiant commissioner in some regards. He was defiant. He kept talking about accountant and that he made a mistake but he is not going to suffer the consequences of that, other than the pressure he has received over the last several weeks to do something and part of the something the in fl will do is come up with a new code of contact by the super bowl. Well implement new conduct policies, cheryl. They will have a set of clear, transparent rules for league and Club Personnel and owners and players. My goal is to complete this bit super bowl. The big question people had, why has Roger Goodell not resigned. Here is what he said. He acknowledged my mistake. August 28th i said, but were moving in a very important direction by getting expertise to say, how do we do this better. Were all as a society having difficulty being able to deal with this. The nfl has to take care of its house as i said. And that is my focus is. How do we do this better as the envelope. Make sure that we keep everything on the table nfl. So one of the things the nfl plans to do better is coordinate with Domestic Abuse hotlines nationally as well as sexual abuse hotlines to help people in different communities where the different nfl franchises exist. The other thing theyre going to do better, bring in experts on sexual abuse as well as Domestic Violence to help them establish this new code of conduct. But the bottom line is, theyre taking a hit from the sponsors. Proctor gamble already removing their sponsorship of the Breast Cancer awareness events that take place with the until. He was asked about the sponsors and talks they are having with sponsor and kept reiterating we can do this better, acknowledging there is pressure but not saying exactly what the sponsors might want. Saying the press should call those tieders. Cheryl . He have they have been giving fox business several statements. Adam shapiro, live in midtown manhattan the thank you very much. With more on goodells announcement and if it i will stop the public outcry, julie bueller, a sports analyst, host of buehlers day off. I love that. Talk about the money. This is a game about at end of the day, money. Nearly 3 1 2 billion dollars spent last year in advertising. These sponsors spending big bucks. They dont want to be associated with somebody like ray rice. Did goodell, go far enough, julie, today, to stop sponsor outcry . Cheryl, good to see you. Reality is the latest poll showed nfl fans, 86 will not change the way they consume the game of football, even in light of these scandals. So while the sponsors are coming out and saying that were pulling, including the rad disson which pulled its sponsorship of the Minnesota Vikings because of the Adrian Peterson situation, fans, the sponsors consumers, arent really changing the way theyre looking at the nfl. So in the midst of controversy, sponsors can come out and denounce the nfl as anheuserbusch did but reality is, i dont think that theyre going to pull their sponsorships too much more because the sports fans are still going to flock to the nfl games. That is a good point. You bring up anheuserbusch. They sent me a statement. Theyre halfway through a sixyear 1. 2 billion deal. They quote, are not satisfied with the leagues handling of behaviors and they go against our moral code, most people agree with that, at the same time these are legal contracts that must be honored. To break them apart would be a legal nightmare. Maybe it is not worth it for some of these sponsors to do so. It isnt really worth it to the response spores batch the g. The game with the steelers and ravens, thursday night football after this second video of ray rice broke, was one of the highest rated games in the nfl season. To be clear. Wasnt like they brought out rihanna for the top of the show and all about Domestic Abuse, sportscasters right or wrong in your opinion, came out said we at cbs and we in Sports Broadcasting dont support this type of behavior. Do you think that affects ratings or do you think this is normal numbers for nfl game . No. I think people were looking to see what was going to be the reaction, but, the reality is, in the Business Model of sponsors of the nfl, theyre always looking for how many eyeballs are on the nfl because that is how they get their value back. And, you know, the reality is, i think in goodells press conference he made a great point today saying that the nfl need to do better, period, but we as a society need to do better. Lawmakers, public officials, neighbors. Social services we all need to do better. Quite frankly, cheryl, i said sports media need to do better as well, not excusing, not giving Second Chances to Domestic Abusers and, sexual abusers. Tell you what. Maybe the sports media hasnt done a good job. These are many so of my friend and former colleagues but i have to tell you, if you look at number, since january of 2,000, there have been 732 arrests of criminal cases of active nfl players. Rarely if any of them anytime get more than a one or twogame suspension from the nfl. This is under Roger Goodell for the most part. He hasnt been there for the entire time. This is the nfl. The question today, did they do enough, are they doing enough to deal with bad behavior by, look, talented sports players nonetheless but, frankly, some terrible husbands out there to be honest with you. Absolutely and the nfl is going to be doing enough now. This has been a very valuable lesson for the nfl. And that is what Roger Goodell pointed to today. But, cheryl, i will point out that floyd mayweather, jr. , fought in vegas on a showtime boxing contract that earned him 200 million in one weekend alone. He earned 32 million. Yet he has got 15 Domestic Abuse charges on his record. He is currently being sued. Yet the mainstream sports media, the boxing media, continues to kiss his butt quite frankly, erroneously so, because this isnt just an nfl problem although you pointed to the numbers. This is a societal problem and for whatever reason, we choose to excuse celebrities, athletes, well known individual, for bad behavior and that really need to stop. I believe goodell pointed to that very issue. Lets not forget, cheryl. Ray rice was criminally prosecuted under new jersey law and was given a plea agreement. So there is that fact as well, that the nfl has got to sidestep due process or they thought they did i should say. They had to sidestep due process and criminal proceedings before they couldwell exact their own punishment on players and then quite frankly for a long, long time they were very off the on player conduct but that i do believe is going to change. I expect to see a lot more changes coming forward. Not only from the nfl, i want to know where adam silver stand for the nba. Major League Baseball came out a couple we go ago, bud selig said, we dont have this problem in major League Baseball. I find that very hard to belief. We need to see vast amounts of change across. Steroid program happened across baseball im sure you recall. There was video now. Nobody had video of michael vick abusing dogs, killing dogs. We have rid yo of ray rice. That changed entire discussion. Julie, thank you very much. Good to see you. Absolutely, cheryl. Good to see you too. Well switch gears and talk about something on the technology side. This is big story weve been following. Iphone 6, officially, officially on sale. Tech lovers lining up at major cities across the globe. Lines at apples Flagship Store in new york city stretching over 10 blocks as iphone users are upgrading those gadgets to the latest operating system as well. But many of the current users colling across some major glitches. Were covering all things apple tonight, with shane snow. Cofounder of contently. Author of smart cuts, how hackers, innovators and icons accelerate success. First, start with the operating system because most of our viewers havent had a chance to get iphone yet, the new one. Sure. This ios 8, there is a lot of criticism about ios 8. What is the initial read on upgrade. There are little bugs anytime there is a new ios, but to get on your phone, five gigabytes. It is a third of their phone. They have to delete videos and photos and shrinks down to one gigabyte. If you have 4, you shouldnt upgrade to ios 8 . Also because it runs really slow on the four. 4s is lowest model and half features wont work. For ios 8 you need five or more. The biggest complaint its a pain to get it on there. Do you like the ios 8 . Do you want people to go ahead upgrade . If you have a phone already, i would wait for the bug fixes next version of ios 8. It is really cool. Especially the camera stuff is phenomenal. So the camera is one of the most talked about things with the new iphone 6, especially the 6 plus. With a larger screen. Uhhuh. Now were able to see it, touch it. Weve had some in studio today on other shows. So what do you make of the new one . Is it worth all the hype were seeing, all these lines for the iphone 6 . It is cool but there are plenty of phones, right so i was not interested in getting the new iphone because i love my samsung. I see your samsung. I have both so. When i found out the 6 plus is same size. I love samsung note because it is so huge and iphone 6 plus is same size. There is footage of people breaking theirs already. We can actually show this this is from australia. This is the of somebody that actually basically dropped it right out of the box. Look at this. This is normal iphone, isnt it. This is normal iphone 6. I didnt want the bigger one. All right. Were doing reveal. Thanks, jack. Whoa. [bleep] oh we should say, there was a curse word out of australians mouth . Youre kidding me. We should say that the phone did not break. Pretty good. It was pretty hard drop. That was the first guy to open it in australia. What rotten luck. Theyre not more breakable than the previous iphone but theyre not indestructible either. There was more talk the iphone 6 would be a little bit better. So the preorder situation with apple. Yes. So, is tim cook doing, do you think a good enough job . Do we have this when steve jobs was running apple, when he was around . Did we have this twomonth, threemonth wait . People are already, the back order are already piling up. It is hard to recall. Every time i recall people being frustrated but that is part of story. That is what apple is so good at, getting the story how much people love and want the product. They have to wait until november. Part of allure or part of their pr plan honestly. I dont know if it is worse this time than last time but it is frustrating every time. Yeah. Youre ready order. One our make up artists said, we only have one, sorry. In the entire story. Store. Good planning. Go home or back to work as she did. Shane, thank you. My pleasure. Shocking survey being released, shedding light on the state of American Worker during the work day. According to mashable, nearly one in 10 workers gone to work under the influence of marijuana. And of those 10 , more than 80 obtained the pot illegally. What about you at home watching right now . How are you feeling . Have you ever gone to work under influence of anything . Not just talking marijuana . Have you been drunk, hung over . Lasted from last night, let us know. Log on to gerriwillis. Com. Vote on the righthand side of the screen. I will show results at end of tonights show. This is anonymous. You can be honest. Still a lot more to come this hour including more information coming out about the massive hack attack against home depot. Coming up next its with was record breaking day on wall street but were individual investors left out in the cold . Well have the latest on alibaba ipo straight ahead. Theyre custom made trains. You cant get any better than that. Siemens trains are not your grandparents technology. Theyre something thats gonna change the cities we live in today. I find it so fascinating how many people ride this and go to work every single day. Im one of the lucky guys. I get to play with trains. People say, wow, we still build that in the United States . And we say, yeah, we do suddenly youre a mouth breather. A mouth breather how do you sleep like that . You dry up, your cold feels even worse. Well, put on a breathe right strip and shut your mouth. Cold medicines open your nose over time, but add a breathe right strip, and pow it instantly opens your nose up to 38 more so you can breathe and do the one thing you want to do. Sleep. Add breathe right to your cold medicine. Shut your mouth and sleep right. Breathe right. Sometimes they just drop in. Always obvious. Add breathe right to your cold medicine. Cme group can help you navigate risks and capture opportunities. We enable you to reach Global Markets and drive forward with broader possibilities. Cme group how the world advances. Cheryl probably heard about it by now. A big day for wall street. The largest ipo in history made its debut. Alibaba opening well above its ipo price and continued to soar up. Of jo ling kent interviewed alibaba founder an executive chairman jack ma this morning t was insane for you this morning on the floor of new york stock exchange. It was really crowded. This was the biggest ipo in history. The stock did really well. At closing bell it was up 38 . If you compare that to other Tech Companies on average, first day pop is only 14 . They did really well. There is a lot of questions about the governance of the Company Transparency and influence of chinese government. I got a chaps to talk to jack ma, executive chairman and cofounder of company i wanted to talk about that and also which American Companies he admirers so much and would want to compete with them to take market share. Here is what he had to say. A lot of American Companies, change history and reshaped the world. Which ones . Microsoft, ge. Ibm and google. I think they are, even facebook and amazon, ebay. Theyre so many innovations. So what i want to say is, that coming here, you come to learn. You come to help the small business. Think a lot of Small Businesses in america, the farmers, Small Businesses, they probably not welltaken care of by new technology which we focused on that. So jack ma, obviously a really interesting character. This guy runs a company of tens of thousands of people. He is known to be a chinese hero but the real question is, with all of these different Investment Opportunities for them, now that they have new cash, what will they do next . It is a structure of a company that is really interesting too. This is a Company Registered in the cayman island. They generate all the revenue in china. They have to answer to the chinese government. Lets be clear here. Most americans dont know what alibaba is. Exactly. Cheryl they may see it tonight, oh, i heard about that. But they dont understand what the company is. Yeah, but cheryl that creates fear within american investors. Certainly. To be familiar with your investments is often a Good Practice according to people who advise on that type of thing but what is interesting Td Ameritrade came out today and said they had more interest premarket leading up to the ipo this morning than they did in facebook which is very interesting. Facebook when they went public a lot of people already used it when they went public. Well see how it does. Cheryl jo ling, thanks for sticking around tonight and joining me. Always. Cheryl great stuff with you. Here is a question for all of you, does alibaba have a place in your portfolio . Do you want it . Do you buy the stock right now . We have advice from gary k. , gary kaltbaum. I like to call him gary k. Hey, gary, you like it, you hate it, give me the juice . What do you say . I think it will trade around here for a while. I dont think you will have a great edge here. Let me give you a couple of numbers every investor should think about. It has 8 billion in sales with a 230 billion market cap. There is another company that has 240 billion market cap named walmart that has 480 billion in sales. So you got to talk about valuation here in the long run. Something to watch closely. Cheryl all right. So valuation in the long run. Also a lot of questions came out, gary k. , about the fact, jo ling just said it. Theyre based in the caymans. Revenue goes back to china and you have got the chinese government. I heard questions today about do we open you are our u. S. Market to a company that will start to hack us . I mean there is so much, i guess fear about a company that is from china. Is that justified do you think, in the average americans mind . That we should be concerned about this being a Chinese Company were buying stock in. Look, there is precedent. There is a Company Called baidu that has been public for many years and it is up i think 30 or 40 fold. That has done just fine. Now look, this company, youre buying shares not necessarily in the company but in a Shell Company that owns the profits and there is no underpinning of law on that and china never commented. If china decide one more r morning to wake up and change things there could be negative effect. I doubt that would happen. I wouldnt worry. I would worry about share price. Share price anything could happen at this moment. Keep in mind there is a ton much ipo stock cheaper and ton of insider stock can be sold at anytime. Beware. Cheryl what about buying shares of yahoo . Yahoo has a big chunk, not as large of a chunk they used to have we found out today but they still have a 16 stake

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