Transcripts For KICU First Business 20130716 : vimarsana.com

Transcripts For KICU First Business 20130716

Bernanke is to set to testify about the economy on capitol hill tomorrow and thursday. Its not detering the stock market. Monday the dow and s p rallied to record highs. The nasdaq lifted 7 points higher. While gold gained 6 dollars and oil added on 50 cents. The Mercedez Benz c class sedan is under investigation for potential risk of an electrical fire. 200thousand cars built between 20082009 are being checked. 21 owners reported issues. And, executive search firm heidrick and struggles. Is losing its ceo. Kevin kelly steps down. We hare checking on the bond market this morning with tom boylan of performance trust. Tom, good to have you back on the show. The fed is back in focus with testimony happening on the hill this week. How is the bond market likely to react . For the last couple of weeks since the unemployment report came out a week ago friday the ten year treasury traded off to a 275 on a stronger than expected number from non farm payroll. Subsequently weve rallied about 20 basis points so 275 was the cheapest weve been this year, cheapest in 2 years. Now were at a 255. This week weve got the Humphrey Hawkins testimony. The fed chairman bernanke will be discussing the state of the economy in front of the senate and the house. The senate is on thursday. The house is on wednesday. So as far as what the fed chairman is going to be discussing, it all depends on the tapering conversation. Weve heard for a couple of months now that the fed might be reducing stimulus from the economy by tapering their bond purchases. This could happen as early as september some pundits think and as late as the end of the year. As far as the economic numbers go Going Forward will the Stronger Economic numbers that come in will push tapering forwardwhich is simply reducing stimulus and the weaker the numbers are will push the tapering discussion further out the calendar. What about the Economic News coming in from china . There was anticipation that maybe the gdp would grow only 7 percent. Now were looking at closer to 7 and a half percent. What do you think . I dont think that really effected the numbers too much. Retail Sales Numbers this week were a little weaker than expected. The American Consumer is the driver of the economy and they also are a pusher of the economy when it comes to china. So i dont think that was a big market mover. It was actually in line more or less with what the markets expected. Good to have you on the show this morning. Thank you tom. Thank you. There is now at least one indicator that corporations hording more than one and 3 4 trillion dollars in assets since the recession are getting ready to part with some of it. Our cover story takes a look at where that capital may be spent first. The business roundtable, an association of ceos at leading us Companies Says the Auto Industry and housing are doing so well that corporations in other sectors are beginning to spend. One analyst says its because Interest Rates are starting to rise. With Interest Rates rising, corporate borrowing for buy backs is less and less attractive. Three chrysler plants are skipping their traditional summer shutdown. Most of fords Assembly Plants will be idle for just one week, instead of two. It was great in june. We saw this breakout of nearly 16 million vehicles sold and that bodes well for the rest of the year. And pickup trucks to best in q4s. Fedex, the Worlds Largest air carrier of cargo plans to spend about fourbillion on facilities and aircraft. Its chief Financial Officer saying weve got to start investing now so we can be ready for what traffic were expecting. Still, there are skeptics. I certainly dont see growth in business spending booming in the next sixto12 months. Despite riteaids plan to remodel 400 of its pharmacies. And pier 1s plans to spend 75million on its stores and for technology, Robert Johnson of morningstar does not see it nudging gdp or unemployment. Yes, some of the equipment and software looks better but its not robust and a key driver of theat is tech spending. Though spending on Information Technology is up fourpercent as compared with two percent last year, some say it needs to be higher. A05 Corporate Giving is expected to grow modestly this year. A survey from chronicle of philanthropy shows donations from Corporate America increased 2. 7 last year. To 5. 3 billion. Only 16 plan to give more, 6 less and the rest will stay about the same. In a surprise move wells fargo topped walmart in Charitable Giving last year. The banks donations spiked nearly 48 . Until now walmart had been the top giver for 7 years. Rounding out the list of the top 5. Chevron, Goldman Sachs and exxon mobile. Traders are expecting gains from Goldman Sachs earnings today. Goldman reports in this morning. Analysts are expecting increased profits and revenue, despite lower forecasts for its trading business. Meanwhile, traders applauded citigroup yesterday, when the Bank Reported results that beat wall street expectations. Profits rose 41 on the heels of rising loan volumes in emerging markets. The stock gained 2 yesterday. Boeing shares rallied out of relief the latest fire on a dreamliner was not related to its lithium ion battery. Shares plunged 5 friday, after a fire broke out out on a 787 parked at Londons Heathrow airport. On monday, the stock bounced back nearly 4 percent. British authorities ruled out the battery as the cause of the fire. Investigators are now said to be looking into the dreamliners emergency locator transmitter. Sears employees have signed, sealed and delivered. Sears workers have delivered a petition to the companys headquarters, calling for higher wages, and a more consistent work schedule. Employees protested in front of sears in chicagos loop, yesterday. Sears tells First Business the company will review any documents presented and respond accordingly. It also notes scheduling is based on Business Needs and associates availability, and that it does provide extra earnings opportunities for hourly employees. Apple is investigating claims a bride to be in china was electrocuted while using her iphone 5. According to a report the phone was recharging on an official apple phone charger at the time. Apple put out a statement saying we are deeply saddened to learn of this tragic incident and offer our condolences to the ma family. We will fully investigate and cooperate with authorities in this matter. China is the second Largest Consumer of apple products after the u. S. Details are emerging on a massive drug scandal in china. Four Glaxosmith Kline employees have been identified by chinese officials. They are accused of funneling millions of dollars in bribes to doctors in an effort to increase drug sales in china. The scandal reportedly dates back to 2007. Glaxosmith kline is reviewing all Third Party Agency relationships, and is conducting its own investigation. Consumer groups are voicing concerns about wireless giant at ts plans to buy the much smaller regional provider leap. The 1. 2 billion deal gives at t more valuable spectrum space. But several Public Interest groupssay it means less competition in the wireless marketplace. Last year, the federal communications commission. Scuttled at ts attempt to acquire tmobile citing competiton. The fcc must still approve this deal. The ceo of tesla is a man with a high speed plan. Elon musk tweeted this week that he will publish a design plan for his futuristic Transit System hyperloop by august 12th. Musk says the highspeed Transit System will drastically cut down on travel time, getting passengers from San Francisco to la in just 30 minutes. The cost of filling up your gas tank is rising quickly. Prices at the pump jumped 14 cents during the past week. Going to 3. 61 from 3. 47 a week ago. Phil flynn of Price Futures Group and a fox Business News contributor is here this morning. Phil have we seen a top yet in those gas prices . I think were getting close but i dont think the pain is over. Believe it or no, despite that sharp 15 cent jump we saw at the pump wholesalers werent able to pass on all the costs that theyve seenthat they paid. And believe it or not there was panic buying at the end of last week and because of that sharp spike up well probably see those prices go up more at the pump maybe another 5 to 10 cents. But after that were already seeing signs those prices could come back down as refiners start to come back online and demand starts to dwindle. Whats the driver behind the price moves . I think in gasoline, its a combination of whats going on in the middle east on top of the fact that weve had all these refining issues and strong demand. Despite the fact that refiners were producing almost the most gas they have in history the supplies fell because demand in the United States was on the rise and were exporting more gasoline than ever before. Add to that the middle east. Risk premium. Its driving up the cost fo crude oil. The risk is higher. The price of crude is higher. Youre gonna pay more at the pump. And quicklywhat do you think about this call that we could go to 50 per barrel for crude . I think fundamentally its possible. We have oil were the saudi arabia of oil but youre gonna have to get real lucky for a call like that to come in. Yesterday we heard opec talk about a production cut. So i think before we talk about 50 a barrel i think opec is gonna try and have some influence to make sure that does not happen. Thank you for that update phil. Thank you. Americans buying cars and trucks was a significant accelerator of retail sales in june. But overall sales were a mixed bag. Sales rose 0. 4 last month, a slightpull back from 0. 5 in may. Car and truck sales kicked up 1. 8 . The largest increase since november. Economists say if you strip out auto sales americans actually spent less at Department Stores and restaurants. They also purchased fewer computers, electronics and items to spruce up their homes. Microsoft has market momentum. Shares rallied to a one year high yesterday on a report from the verge the Microsoft Team that created the surface tablet is testing a smartwatch. The tech giant is slashing the price of its surface tablet by 150 to 349 to better compete against the apple ipad. Hotel guests are walking away with more than just mini soaps and shampoo. A new survey from Hotels Dot Com sheds some light on sticky fingers. 35 of Global Travelers admit to taking things such as towels, lamps and even artwork. Robes and beds have also gone missing after guests leave. Still to come spend money to make money. And its never been more true in the housing market. More on that later. Plus. Workplace fears. How to keep your cool if you think are about to be shown the door. But first. Twinkies with a twist. What consumers have to say about the return of the snack time favorite. Thats next. The two private equity firms that bought the rights to twinkies, Apollo Global management and c. Dean metropoulos and company are bringing back the snack cake, but with a few changes. The snack cake that returned to stores this week is smaller and has a shelf life of oneand halfmonths. Thats nearly twice as long as before. Also, some stores will be receiving frozen twinkies that retailers will thaw and restock as needed, thus lowering delivery costs. Im not really a processed food person so anything that lasts more than a week, i wouldnt eat. I think ive had a twinkie once every 67 years but its nice that theyre around. Im excited that theyre coming back but i dont eat them regularly. Ive never tried them. Dont know what they taste like. Nows your chance no, too unhealthful. No thank you. At one time, hostess employeed 66hundred bakers at 33 bakeries nationwide. Now, the scaledback snack will put 18hundred people back to work at four bakeries. A fear of being fired may be ruining your odds of moving up the corporate ladder. Dr. Sam sanders who has 20 Years Experience as a Human Resources executive joins us now. Good morning doctor. Good morning. And you recently did a survey. What did you find . What are people telling you . In the recent university of phoenix survey found that 6 out of 10 workers feared losing their job. And 1 out of 5 felt that this was a concern of theirs they thought about every week. Half of them said it actually impacted their behavior at work. They were less likely to speak out. They were less likely to disagree, less likely to volunteer, and less likely to compete with co workers. How do you turn that situation around . You can turn that fear into confidence by doing a couple of things. Number one be knowledgeable. Make sure that you understand what the Company Needs and that you are the go to expert. Number two see the big picture and how you fit in the big picture and make sure that you understand how what youre responsible for aligns with that organization. Number three be a Problem Solver and not just a problem identifier. Organizations are seeking individuals who are critical thinkers. At university of phoenix, in our classroom, we teach Critical Thinking and i had an employee that was experiencing being downsized in his department and he was a supervisor. Instead of him going to his manager with how do i get the work done with very few resources he went with a solution that he learned in the classroom and how to reallocate the resources which made him more valuable to the organization. Whos getting hired . What specifically are Companies Looking for . You mentioned that being a Problem Solver is a big critical issue. Absolutely. Organizations are looking for individuals who have the skill sets, who can keep up with technology, who can go outside of the box and be a critical thinker as well. And anything that they can contribute that can help them increase the revenue for the company and save money for the company improve their processes. Dr sam sanders thanks for being on our show today. We appreciate your time. Thank you. Technology is growing on the farm. Researchers are designing robots to become farm hands. Including the lettuce bot a machine that is in the testing stage that can harvest a field of lettuce faster than 20 workers. Another crop of robots is in the works to handle fruits and veggies. Farmers say robots could cut costs and help ease a shortage of workers in the fields. Trucking along. Some lesser known transportation stocks that may deliver profts plus,. Project priority. The best improvements to make around the house before you sell. Thats next with bill moller. Th a deadly disease. I was one of them. Im a nurse and i knew how damaging the disease was to my life. Nothing i tried seemed to work. My brother died. From complications of the exact same preventable disease and i knew i had to do something to get healthy. My disease was obesity and after consulting with my doctor, i received the effective treatment i needed. Obesity is a second leading cause of preventable death in the United States. But its a treatable disease, and theres effective Treatment Options available. Now is time to get help. Please join the Obesity Action Coalition and acknowledge obesity as a disease for acceptance, for access to all effective treatments, including diet and exercise, pharmacotherapy and weightloss surgery for obese adults with at least one obesity related comorbid condition. Visit obesity action dot org and sign an open letter pledging your support and for more information about how to talk to your doctor about your weight and your Treatment Options. Together we can make a choice to end obesity now. A Public Service from the Obesity Action Coalition. I served in the United States air force. I served a total of 16 years. I was deployed 13 times. On my second deployment four bombs hit my vehicle. And at 19 years old, that was the first time i ever saw somebody die. Coming back, i was raging. I started having pretty horrible nightmares. I would wake up in middle of the night sweats. I started drinking a lot. I felt worthless. I guess i never recognized it in myself. Eventually, one day i just walked into the va hospital and said id like to see somebody. Dont suffer alone. Youve got to find that link with somebody that will make you let it go. It all starts with going to the va. Theres a whole community of veterans that just want to help you out. Its for the guys who couldnt come back, you owe it to them to live well. Because theyre not here with their families. If you read the newspaper or watch the news you know the Real Estate Market is picking up speed both for home sales and values and prices. Sellers are now debating, should we remodel a room or two . Which ones . Which ones bring the biggest returns . Lets talk to paul dacosta. Hes out of florida. Hes a Real Est

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