Transcripts For FBC Varney Company 20140327 : vimarsana.com

FBC Varney Company March 27, 2014

Good. Another video short sego viral, what he is fighting for. And fire up though organs. More bad news for game stop. Varney and company starts now. Charles we begin with game stop. Look at your screen. The fact the we do follow closely. I wonder if Vincent Price one come out. And disappointing profits on growth and that is not good for the company. Maria walmart will be selling used video games and this will be major competition for game stop at a time they are already struggling, stocks down 70 on weaker results. It is not looking good. Charles the Conference Call how important they are, this is gangbusters. Even First Quarter guidance, it is amazing. Is that a foreign concept to drive your car to a store, go in and buy a video game when everything is going mobile . You have to question a Company Based on that. Charles particularly when in a sweet spot for kids to use the internet. Sandra they know their target market very well. Charles i used to love going to game stop because they are very knowledgeable but it is a tough Business Model these days. Speaking of tough we have breaking news. The wall street journal reporting turkeys Telecommunications Authority has moved to block youtube one week after the ban on twitter. The Prime Minister is trying to control negative messages concerning corruption. Got to bring you in on this. The twitter things seemed to backfire. I dont know why they havent shut down the whole internet the turkey is in trouble. Rich very tough to create those digital boundaries. Lineup put up these fire walls. It has worked relatively well for china the information as a way of getting through no matter what. The twitter thing blew up in their face. They complained about it on twitter and backed down. This is what tyranny do, when they are threatened by the exercise of free speech they try to shut it down. Charles i remember when there was Something Like this going on in iran a few years ago a lot of people were upset president obama dinh try to find a way to exploit that. Not sure what side we fall on with respect to turkey and the opposition to the Prime Minister is there but how do we play a role with this with respect to these burgeoning or developing revolutions that obviously are going to be fuel through the internet. Sandra the arabs spring was known as the Facebook Revolution because they were using social media to get people into the streets to revolt against hosni mubarak. It moved across the middle east. Was unusual was in tehran the year before in 2009 they tried to do it and the iranian government was able to largely shut it down. In turkey is an increasingly islamist state, they are trying to shut it down but tough to get over there because digital borders the exist. Charles we will hear a lot more on this. I want to check on the big board. The latest reading on economic data. It was revised, didnt come in as well as people thought it would become a 2. 6 during the Holiday Quarter so there is no doubt we are bumping along here. A lot of people wondering if this is the new normal. In the last five years, you may be had one or two quarters we could call good. Anybody is going to defend 2. 6 growth for the u. S. Will point to the weather being an issue but that did place cards, there are economists looking at this number. You are asking if it is the new normal. Maybe, things will pick up as we head into the year. People will go out and buy things they hesitated to buy. The consumer might be staying home, something to watch. Charles consumer, personal consumption expenditures 2. 2 that was the highest number in a long, long time so maybe that pentup demand you are talking about is starting to come out. Lets check lulu lemon, the stock is up a little bit. You did some digging around. Speaking of a great Conference Call. Anyone watching this stock, out of the gate this morning, stock was down premarket down, last night down, earnings were really disappointing, outlook g. Ceo comes on a Conference Call and says i intend to accelerate global expansion. We see clear evidence of demand in asia and europe with several countries ready for storage. Right now their primary is located in the u. S. And canada. Growth opportunities, they are expanding in emerging markets. Before they believe the ceo is getting the benefit of the doubt as opposed to game stops ceo, it is amazing these Conference Calls matter more than anything else. Sandra we talked about management that these companies. They are making interesting moves. Women and not just wearing their clothes to wear, and in the casual Apparel Market which could be for them as well. Before stock is acting like it wanted to go all week long. Down almost 50 from a 52 week high. Senate majority leader, this is your favorite guy, harry reid, the latest extension of obamacare, the deadline, this time he is blaming it on you, the uneducated Internet User out there. Listen to what he said. Some people like my grandchildren can handle everything so easily on the internet, 63yearold woman came in and said i almost got it. I just about got there and it would cut me off. We have a lot of people just like this through no fault of the internet but people are not educated how to use the internet. Charles the dumb american. It is amazing. Just when you think you heard it all from harry reid he says something more crazy. Obamacare is not working and he is making it sound like its your fault. You are too dumb to know how to work the internet so the whole law is not working, putting the burden on the consumer rather insane and we never had a website that actually works, suddenly the entire law doesnt work. We will go back and repeal it. Charles these are people who go to amazon every night and order all kinds of things. The same guy who two weeks ago called people who lost their insurance liars. Charles doesnt stop. To Nicole Petallides, to the floor of the exchange, winnebago big profits, i like a lot. Despite the bad weather, the stock was up a lot more. Tell them to stop buying the. It is pretty good and has been a little higher today, having the table on this, came out with a numbers. They did not blame the weather like so many other Companies Even their competitors, so we see stock up 1 2 . They talked about more than a 50 jump in profit. Also they have been seeing sales and order backlog rose 5. 5 so that is great news. We were on the web site looking at them and some of them, 300,000, pretty sweet, entertainment systems. It could be fun. Motor homes consistently in. Showing with their numbers. Is a winner today. Lou the same people who can navigate the internet lombardi. I want to check mcdonalds shares. Taco bell takes direct aim at the golden arches with breakfast menu. Theyre taking aim at mcdonalds in their new ad. Roll it. This is Ronald Mcdonald iii a. My name is Ronald Mcdonald. Im surprised how good it is. I love the new a. M. Crunch rat. Ronald mcdonald. Taco bells new brand is. Brian nickel is here. What struck me as you guys are open for breakfast at an hour later than the golden arches. You are drawing the line in the sand. We are excited to get after breakfast. Other Quick Service restaurants, when will we get in the game. 50 billion, growing big time. We have a drink and a sandwich. That is what youre coming up with. Bill waffled taco everyone is buzzing about, terrific coffee. We have taken those traditional bacon and eighth, people loving it. On the breakfast side it feels like when you go in the evenings salads are there, calorie counts, when and how many calories we have digested, looking at the points i dont think that is one of your top concerns. If you do eggs and the waffle it is 250 calories. We want to be conscious and make sure people have options for whenever they need but we also want it to chase off the charts. Charles wendys tried this with 5000 restaurants, they fell to 300 restaurants, a pretty significant head wind despite the size of this. What makes you so confident. We have tested this the last couple years and we focus on is we wanted to be sending our operators and franchisees would be excited to execute, make sure we had the right speed, terrific value, product you cant find anywhere else and once we zeroed in on those things we have got a tremendous response and it is incremental and that is why were getting started. Charles you have done the testing. The ad is fantastic. I dont know who came up with it but someone deserves a promotion. Late arrival try to get sandra to eat one of these things. Sandra i am curious about the cost of making this. We look at Commodity Prices going up, talking about the pork prices hitting record highs, talking breakfast and things like that, how are you handling that . We always are very conscious of what is happening on the commodity side of things as what we want to do is give people value that is truly an expected. I love your face when you are like our you doing it . That is how we know we struck gold because this talk of is 1. 99, breakfast tacos for a buck. The crunch wrap 2. 49. You would be hardpressed to find charles creative food. Around 2. Charles i am sandra the ceo of taco bell e taco bell. I eat it every day. Charles a backhanded compliment. That prove how good this food is. Charles and amazing commercial. We will take a bite later on. Good luck with this. We will say again that streaming is king when it comes to entertainment. Everyone is in it. After the break, the best of the bunch, we will talk to that ceo. So our business can be on at ts network for 175 a month . Yup. All 5 of you for 175. Our clients need a lot of attention. Theres unlimited talk and text. Were working deals all day. You get 10 gigabytes of data to share. What about expansion potential . Add a line, anytime, for 15 a month. Low dues, great terms. Lets close new at t mobile share value plans our best value plans ever for business. Ido more with less with buss energy. Hp is help. Soon, the worlds most intelligent servers, designed by hp, will give ups over twice the performance, using forty percent less energy. Multiply that across over a thousand locations, and theyll provide the same benefit to the environment as over 60,000 trees. Thats a trend we can all get behind. Charles time for your morning gold record. The 1800 may be psychological, we are not holding it. Really fizzled bigtime. Charles check the price of oil while we are at it. This is an important move continuing that rest stop, none of that helps were 100. Lets look at tesla here. They are allowed to keep operating two companys Retail Stores and open one more from ohio state legislators, and the other automakers on this particular deal. Bone of contention in a lot of places but it is a good deal for test. And they are all done by republican governors which baffles me. These are the free markets trying to work. Sandra maybe this is going to lead the charge across the villages. In new jersey. Tesla is allowed to do this in ohio and other states catch on. Could be a trial run for tesla. Charles roker is speaking of good news shipping industry ming stake, we have the ceo, anthony wood, tell us how is this thing work . This is our smallest wrote to player ever, plug it into the side of your tv, streaming content from netflix to cooking shows, it is a great product, but smallest player shipping today. Charles this player you guys are in a pitched battle against comcast. What is the advantage of this . What i heard early on is this is one of the most products expensive products you have put out. This is the least expensive product, 49, a lot more content, 1200 channels, a lot more content, comes with the Remote Control, use it with the cellphone as a remotecontrol, only works on your cellphone but research from independent analysts has shown people must preferred to have a Remote Control as a way to control their tv so we have a wireless Remote Control. Charles obviously you must be worried because streaming was it. Big boyscut deals with others. How do you defend your turf in this space . Screening is the way people are watching tv, this is the leading streaming platform, an operating system for the big screen. Our sales growth. We are competing with apple for six years, multiple products for several years and every year we try to grow and when comcast launched it was a big advertising campaign, streaming through from 1 billion hours a year, 70 growth and streaming hours and sales continue to grow, we sold 8 million boxes. We have a great product, we get the best reviews, and we focus on streaming. We have the best streaming platform. Charles how often will you have to put the this particular stick . The name, interesting name, did you guys debate that . How much debate did go into the naming of the stick . It went into the name. We do focus on streaming on this show. We do know where it is going and it seems when i see a company like yours that is so innovative and jumpstart, the big boys come out, you have more things on the drawing board. The best thing about this is we release two three channels the day on average. We update the software with a Major Software update every month. We are company that consists of Software Engineers continuing to drive that information. Mary hugely popular and that is one way to compete by being focused on streaming and delivering the best and the dating regularly. Charles appreciate you spending time with us. Star tv personality micro, defender of the working man and american dream, more on this next. I open my door and to get there we build shares and bird houses and whatever that thing is. But then one day they pulled the plug. Sometimes they just drop in. Always obvious. 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. Iwe dont back down. We only know one direction up so were up early. Up late. Thinking up gamechanging ideas, like this dozens of tax free zones across new york state. Move here. Expand here. Or start a new business here. And pay no taxes for 10 years. With new jobs, new opportunities and a new tax free plan. Theres only one way for your business to go. Up. Find out if your business can qualify at startupny. Com impact wool exports from new zealand, textile poduction in spain, and the use of meds. . At t. Rowe price, we understand the connections of a complex, global economy. Its just one reason over 75 of our mutual funds beat thei10year lipper avere. T. Rowe price. Inest with confidence. Request a prospectus or summary prospectu with investment informion, risks, fees and expenses to read and considecarefully beforinvesting. Charles the stock of the day yesterdays, inauspicious debut, kicking the on the second day of trading, still down 18. 84 under a lot of treasure. The third reject citigroups Share Buyback plan after the bell, the bank is not prepared to handle a potential financial crisis. That news is crushing shares of city down 2. 65 more an 5 . One school in illinois filed their vocational teacher and stop their classes and that didnt sit well with their dobbs mike row. Some things are more important than dancing. It is time to get back. Because wood is a beautiful thing. Charles that is out of illinois. Conn. Increasing the minimum wage to 10. 10 an hour. What is happening with respect to the country, the work ethic and where we are focused . Sandra the minimum wage hike in connecticut is a bit disturbing to some this morning considering the Unemployment Rate in connecticut is above the National Average at 7 so republicans pointing out we already have low demand for employment in this state, you are raising the minimum wage to 10. 10, obamas target for the federal minimum wage. Governor malloy is not seen as a political tactic, is going to run for reelection . Probably. It is not good. The woodworking story to have those jobs go by the wayside and training for those, it is charles on the other side of the equations the big paying jobs, not the 10. 10 jobs but the big paying jobs where you can have a great life a lot of them are science jobs, engineering jobs, mathematical jobs, people are you 2 to 3 million of them at this moment going begging because we dont have the American Students to fulfill them. We also leave out those that are required College Degrees and also for getting those folks that dont go to college or need to go to college or want to go to college and dont have to go to college. People certainly have the choice and some people cant afford to go to college, that is just the way life is. There are trains out there. Charles if you dont have a High School Degree you have to 15 unemployment and a College Degree unemployment under 4 . Sandra we need people willing to do jobs that dont require these, we need to train them. Charles mike rowe is saying we need higher educated work force the dont forget the plumbers and carpenters. Believes it or not we have a construction worker shortage right now. You wouldnt believe that two years ago when all of them lost their jobs. That is a volatile industry and you dont know if you have a job they today because what if the weather gets bad or a project is canceled . That is a tough industry. Charles we need a country where people embrace knowledge. Doesnt have to be higher knowledge, just knowledge. Time to reveal the matchup from above varney tech tournament. Two names you know, twitter the lowest seed remaining in the tournament squares off against big bad apple. Twitter is a fraction of the size of apple and the apple stock is down less compared to twitter which is i think in fair territory. If you can vote on which of these stocks you prefer to own from the longterm. Go to our facebook or twitter page. All our market watchers, pros and market watchers make their pick next hour and t

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