Transcripts For FBC Varney Company 20140102 : vimarsana.com

FBC Varney Company January 2, 2014

Days straight. Stuart. I have 57 people who work for me, about a third didnt show up for one reason or another, trying to get through the snow and the trains are delayed and more people are coming in and theyre going to be late so well get off to a slow start. You look behind me, the s p pits, hardly anybody there. A lot of traders trying to get in there. There will be a lack of participation. Stuart thats unusual because were used to Winter Weather and we know all about snowfall and yet, suddenly weve got people who cant get to work. Do you think it will affect pricing on the market at all . Well, i think you could see a little, maybe more volatility with less people involved. One thing i would say, stuart, were in a different age. Somebody cant make it into the trading pit they can jump on the smart phone and trade their futures or equity contracts. I dont think its going to slow them down as far as that per se. But if you get a big move or institutional volume that happens in the pits, that could add volatility, but it will be shortlived. Its a lack of people getting to work for sure. Stuart were waiting for it to get to us here in new york city, likely to arrive tonight, thursday night. Well keep you uptodate whats happening here in the big apple. Larry stay there, back in a second. Hackers exposing the user name and phone numbers of 4. 6 million users of snap chat messaging app. And then we have the Syrian Electronic Army a Hacking Group attached to the regime. And they say theyve claiming that microsoft a reading user emails and skype. Stay with us. The broadpoint is make is, your privacy doesnt exist online. I dont think it did. It certainly doesnt now. I agree theres a lot of things were putting out there publicly and a lot of things are exposed through hacks weve experienced with snap chat. I think the snap chat hack was deliberate and people say they want to raise awareness. And do you have any idea, raise awareness of what . I think that more and more folks out there are sharing their information want to see enhanced security and there with as a glitch in snap chat, a vulnerability that was exposed. Snap chat said they addressed it, making more obstacles and the group wanted to expose its still an issue and so they went ahead and unfortunately, they leaked about 4. 6 million users names and phone numbers. Stuart snap chat is still a private company. Told theyre valued at 3, 3 1 2 billion dollars. That was the talk a few weeks ago, if they ever go public. 3 1 2 billion. Do you think a hacking attack like this could reduce their value . So i dont its a great question and clearly, theres rumor they turned down multibillion dollar offers for their company. I think that one attack like this certainly puts pressure on them to increase their security. I think if it continues to happen it will certainly affect the valuation of the company and User Confidence of the company, but one time, if they respond transparently and quickly they can recover and thats the value of this app that is used primarily by the teen market. Stuart fast, i know youre not a politician, is there a young angle to this . You dont like the hacking, do you . I think were putting more and more information about ourselves out there. Younger people are willing to share their location and more about themselves. Were sensitive that it can be exploited in ways that we certainly would not like to have happen. Stuart we hear you. Thanks very much for joining us, well see you again soon. Thanks, stuart. Stuart a full show for you, 30 seconds for the other headlines. You dont recall this, walmart recalling the donkey meat in china. And traces of other meats, fox meat was found in some of the products. How about that. Chrysler fully owned by the company, and bought out the union position. And amazon now charging sales tax in nevada, indiana, tennessee and charges sales tax in 16 other states. First trading day of the year, here we come coming off record highs last year. The youth trade based on the weather or pot in colorado . Twooissues for you, answers coming up next. [ male announcer ] this m has an Accomplished Research and Analytical Group at his disposal. But even more pressive isow he puts it to work for his clients. Morning. Morning. Thanks for meeting so early. Oh, its not a big deal at all. Come on in. [ male announcer ] its how edward jones makes sense of investing. [ male announr ] this is the story of the lile room over the pizza place at 315 cnut street. The most first floor bedroom in talln, tonia and the dusty basement at 1406 35th street. It is the story of the old dining room table at 25th and hoffman avenue. The southbound bus barreling down i95. And the second floor above the strip mall at roble and el camino. This magic moment it is the story of where every gre idea begins. So different and so new where those with endless vision and an equal amount oaudaciousness believed they had the power to do more. Time and time again. And then, itappene at dell, were honored to be part of some of e worlds great stoes. Stories that began much the same way ours did. In a lite dorm room 2713. This magic moment its inevitable. Were bound to have fun with the donkeythemed story. Shouldnt have any impact on walmart stock, but we will check walmart and see what happens when it opens up. That will be 14, 15 seconds. Were close to the opening bell so larry levin come back in again. We saw terrific gains in 2013, people have been asking this morning, we are going to do it again in 2014 . And i say, no, highly unlikely. And you say what . Well, i would agree, wont see 20, 25 gain in the stock index, but i think it will start off that way and first month or two off to a good start and then well wait and see what the tapering really does. And because if money is harder to get, then certainly the stocks are going to go down at least in the second part of the first half of the year. So i would really watch for that. We get Interest Rates to rally then ill totally agree we will not get the information. Larry, i can tell that a the snowstorm kept a lot of people from the exchange. Normally at 9 30 we get the roar when the trading session begins. Right now its quiet. All right, larry, good luck today. See you later. Take care. Now, we are down 34 points in the very 47 points in the very early going this first full trading session of the year 2014. Now, were down 47. But were at 16,528 as of right now. Move onto the netflix story. Netflix knows a lot of people share pass words and now its cracking down and introducing new plans that could bring in more subscribers. Lauren simonetti, is netflix up today . Its actually down by 1 2 of 1 . Dont forget, this stock gained about 300 percent last year. You know, its interesting, a lot of people share the netflix account. By cutting the price for a simple plan to 6. 99 a month as a test, maybe some of the share customers will get their own plans and the other plan three people can use it. It cuts you off and youre not allowed to share and stream for free. I think a lot of people will prepare to do the right thing to get their own streaming. Hopefully. And hopefully, and maybe this is the stock in the long run, we shall see. Thank you. And well call twitter the latest stock, its wild swings in recent sessions and this morning, its up to 65. 50. Is lauren still there. Have you got any comments on twitter . Were calling it the horse race stock of the day. Im surprised to see twitter up about 3 right now, but this stock has been momentous the past couple of days, from thursday on, stuart. So watch the volume. This has been tremendous and on sunday, 3 and 4 of total volume because its just been so active. And were on it. Thanks, lauren. Yeah. Apple downgraded, how about that . Apple downgraded today, wells fargo did it and the stock is down 4 bucks, apple, 5. 57 also of right now. Now ive covered it all. Walmart recalling donkey meat sold at some of its stores in china and government tests showed that meat contained the dna of other animals and it wasnt pure donkey meat. Lauren, if you pay for donkey meat should you get it, am i right . And if you pay for it you should get it, and a lot of people are saying, oh, donkey meat. But the problem was walmart was selling in one of the biggest Grocery Stores in the world, fox meat and other such animal meats. This is a huge brand, yum brands and k. F. C. Having issue. Stuart and walmart says theyre going to fill prescriptions in the next month, even if your obamacare coverage has not kicked in. So walmart is doing a nice thing there and saying were going to cover you anyway. The stock, check it again, please. Some kind of flat last checked. Actually up. I will take it and thanks, lauren. Everybody remember this video that we showed you earlier this week . It was a train carrying oil. It derailed and exploded. That forced the evacuation of an entire town in north dakota. Now, warren buffett, berkshire owns it. And buffett has been a proponent, oil safer way to move it. And no pipeline . Transport it. And appears hes changing his tune, hes getting involved in Pipeline Technology. Stuart should we all investor in Pipeline Technology . I think if you havent been in pipelines or in trains and manufacturing cars, any of those areas, i think its delayed. Those stocks are so if you willy priced right now. If theyre paying a decent dividend, maybe get in and average down. I think that prices what they are, especially the pipelines are fully priced and. Now we have been talking about the hacks on snap chat and skype. Snap chat recently turned down a buyout offer from facebook. Do you think that this hack devalues snap chat as a company . What do you think, shah . I dont think it does. I think this was a friendly hack in terms of folks that did this trying to prove to snap chat people that there are holes in their security and anytime you get a friendly essentially pointing this out, its not going to be negative asking they can watch and fix and move forward on. As a note of interest for the viewers, i got recently a couple of letters, one from adobe and one from american express, there are breaches of security. I dont have much position in those, but im getting the letters and they dont realize there may be marketing pieces not because the breaches are all over the place, theyre dangerous and disturbing. But not affected any stock price yet to my knowledge. Look out to 2014. Give us your best stock. Whats the stock that youre going to give our viewers right now thats going to do real well in 2014 . Well, my favorite singular stock would be tivo. We do own it, my subscribers own it. A Million Dollars in cash and 175 Million Dollars of longterm debt. We know what it does, you can manipulate your tv screen and save shows and slow them down and speed them up. And they have other areas, theres a research firm, also, do a lot of Research Online and from folks tivoing, watching what theyre buying through the Television Sets and providing everythings in to marketers, to advisors, conduits for advertisers, and opening up the businesses that are through the tivo boxes. You can buy a box at a retailer or essentially download online and you can get tivo through your smart phone and through your tablet. Its ubiquitous globally and i think its going to do well in 2014. Stuart shah, beneath you were running a banner that says that shah galani suggests looking at tivo and microsoft in 2014. Why dont you give us an indication why microsoft . I still own it. We own it, were bought at much lower level and we like it, paying a nice dividend. Tens of millions in cash. And we get to see the ultimate change in who the ceo is going to be. I think its going to be exciting. Microsoft is spending a lot of money with the peripheral businesses and theyre going to have a expansive view of the globe and i think the product lines are going to increas spread and its a growth stock again and i see 2014 being a robust year for microsoft. Hold on, shah. Going to get a weather report. Weve got a massive winter storm bearing down on the east coast, bringing snow and freezing temperatures and then tell you about this, all 52 passengers aboard the Research Vessel stranded in the arctic have been rescued. The ship sent to the ant and the and they used a helicopter on the thin ice, theyre out and it looks we are like were looking at global cooling, forget the Global Warming. Thats just my opinion. Do you ever play the market by the weather . Do you go out and buy Generator Companies . No, we dont. And its already gone up when the weather happens, most of those prices are built if in. If i wanted to, i would buy home depot or Something Like that. When we play for our portfolio, were looking at longterm effects on Commodity Prices about you not shortterm in terms of generators and that kind of stuff. Stuart fair enough, shah. A totally separate subject. Now legal to buy marijuana in colorado. They look like the red box dvd dispensers except for theyre black and the security. And the stock, and the news in colorado is up 22 and change. And the stock last year was 100. And it uses biometrics to make sure youre allowed to get the medication in some states. Medbox up today and down from 100 a year ago. And were getting perilously close to a 100 point loss on the first trading day in 2014. 96 down. And telling president obama to go easien easy on edward snowden, and treat him like a whistleblower. Well hear what our next guest has to say about that. No longer riding on the merrygoround i just had to let it go like, really big. Then expanded . Or their new product tanked . Or not . What if they embrace new technology instead . Imagine a companys future with the future of trading. Company profile. A Research Tool on thinkorswim. From td ameritrade. We are thinkers. The job jugglers. The up allnhts. And the ones who turn ideas into action. Weve made our passions our lifes work. 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Ask your doctor if you need to stop pradaxa before surgery or a medical or dental procedure. Pradaxa can cause serious, sometimes fatal, bleeding. Dont take pradaxa if you have abnormal bleeding or have had a heart valve replaced. Seek immediate medical care for unexpected signs of bleeding, like unusual bruising. Pradaxa may increase your bleeding risk if youre 75 or older, have a bleeding condition or stomach ulcer, take aspirin, nsaids, or blood thinners. Or if you have kidney problems, especially if you take certain medicines. Tell yr doctors about all medicines you take. Pradaxa side effects include indigestion, stomach pain, upset, or burning. If you or someone you love has afib not caused by a heart valve problem. Ask your doctor about reducing the risk of stroke with pradaxa. Theres nothing like being your own boss and my customers are really liking your flat rate shipping. Fedex one rate. Really makes my life easier. Maybe a promotion is in order. Good news. I got a new title. And a raise . Management couldnt make that happen. [ male announcer ] introducing fedex one rate. Simple, flat rate shipping with the reliability of fedex. All right. Were now 93 points lower on the dow industrials. First trading session of 2014. Were down quite sharply in the very early going. Where is the price of gold when stocks go down so much . Ill tell you now that gold is up nicely, 20 higher. Back at 1223. Check the price of oil. 96 bucks a barrel as we speak, thats down sharply. A loss of 1. 72 per barrel. Check this out. Among the leaders on the s p 500 we have a lot of retailers, urban outfitters, gap, kohls target, best buy. All of them are winners. Maybe the 0ers are up in sympathy and the retailers are up in an otherwise down market. The New York Times and the guardian, thats a british newspaper are calling on the u. S. Government to grant clemency to nsa leaker edward snowden. This from the New York Times editorial quote, mr. Snowden deserves better than a life of permanent exile, fear and flight. He may have committed a crime to do so, but he has done his country a great service. Thats the New York Times. Lets bring in the former state department, christian, what do you make of that editorial . Well, stuart, its full of m mendacity. And claims that he didnt do harm to security. And thats not an espionage act. It could be proven in snowdens case. Key allies in germany and france. The difficulty the United States is going to have to reaching new intelligence sharing and collecting agreements with foreign governments or getting foreign assets to trust us, to give us information about our enemies or about terrorist networks. All of thats made more difficult by what snowden did. The times is wrong on this. Stuart and where does the president stand . Nsa spying is highly unpopular with young voters and thats his core constituency. Where does he stand on this usual of spying . You think the administration might be skeptical, especially being close as it is to silicon vaaley. But also, theyre not happy that this has made the president look bad and ought to be more of a black eye for obama than its been because this administration failed to react on an earlier mass disclosure of information with wikileaks. They did prosecute the army private who was most directly involved and no actions against wikileaks and no actions to compartmentize information. And snowden was able to collect the information. And thats a nono and something that the u. S. Government doesnt appear to have reacted to adequately. Stuart do you think the administration would

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