http://www.clipsyndicate.com/rss/feed/1778 http://player.clipsyndicate.com/view/1778/1019928 <table border="0" cellpadding="0" cellspacing="0"><tr valign="top"><td><a href="http://www.clipsyndicate.com/video/playlist/1778/1019928?cpt=8&wpid=311"><img src="http://video-static.clipsyndicate.com/cs-video/vol2/2009/7/14/58/351/e5aad7d6-66be-48ae-a119-d65ee4724c9f_120x90.jpg" width="120" height="90" border="0" /></a></td><td style="padding:5px;">President Obama goes on the road to Michigan to announce a new education initiative. (Bloomberg News)</td></tr></table><img src="http://feeds.feedburner.com/~r/clipsyndicate_channel/1778/~4/aQotCAGlBsI" height="1" width="1"/> http://feedproxy.google.com/~r/clipsyndicate_channel/1778/~3/aQotCAGlBsI/1019928 Tue, 14 Jul 2009 10:40:55 +0000 Obama Focuses On Higher Education President Obama goes on the road to Michigan to announce a new education initiative. (Bloomberg News) http://www.clipsyndicate.com/video/playlist/1778/1019928?cpt=8&wpid=311 Bloomberg keep working on it quietly. with the health-care battle simmering at home, the president is going on the road to michigan to announce a new education initiative. >> good morning. to the president later today, the big focus is community colleges. he will go to michigan to warren, michigan. the area hit by the recession. he will announce a $12 billion initiative to help more americans finnish community colleges or matriculate to four year colleges or universities. the president repeatedly spoke about the new economy, the new generation of workers that wants to see after the recession is over. michigan has the highest unemployment in the country. over 14%. warren, michigan is that 15%. the goal is to help more workers, better educate them so they can't go seamlessly into professions. >> the president is announcing a program of $12 billion. where does that come from? how is it divided? >> first, this is a program that will need congressional approval. they feel the money will come from fiscal 2010 budget, part of reconciliation congress will be debating over the next few months. $9 billion of that is to coordinate the curriculum through businesses with other colleges, to allow students to move more seamlessly. then there's 2.5 billion for construction and modernization of the schools. 500 million to help develop more online curriculum. today the president will announce as part of this that he wants to see between now and 20, 5 million more americans graduating from community colleges, that will help accomplish the goal he set in february of leading the world in the percentage of college graduates by 20. >> thank you. the president gets to go <object width="320" height="260"><param name="movie" value="http://eplayer.clipsyndicate.com/cs_api/get_swf/"></param><param name="flashvars" value="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019928&wpid=311&cpt=8"></param><param name="allowfullscreen" value="true"></param><embed src="http://eplayer.clipsyndicate.com/cs_api/get_swf/" flashvars="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019928&wpid=311&cpt=8" type="application/x-shockwave-flash" allowfullscreen="true" width="320" height="260"></embed></object> Education,Government & Politics,Politics - U.S.,Municipality,obama http://player.clipsyndicate.com/view/1778/1019928 http://player.clipsyndicate.com/view/1778/1019925 <table border="0" cellpadding="0" cellspacing="0"><tr valign="top"><td><a href="http://www.clipsyndicate.com/video/playlist/1778/1019925?cpt=8&wpid=311"><img src="http://video-static.clipsyndicate.com/cs-video/vol2/2009/7/14/58/351/8b2c8893-355f-42d6-957b-f2ad2c0288c6_120x90.jpg" width="120" height="90" border="0" /></a></td><td style="padding:5px;">Sen. Max Baucus seeks healthcare compromise. (Bloomberg News)</td></tr></table><img src="http://feeds.feedburner.com/~r/clipsyndicate_channel/1778/~4/eW-f8pfpEl8" height="1" width="1"/> http://feedproxy.google.com/~r/clipsyndicate_channel/1778/~3/eW-f8pfpEl8/1019925 Tue, 14 Jul 2009 10:40:14 +0000 Healthcare Dealmaker Sen. Max Baucus seeks healthcare compromise. (Bloomberg News) http://www.clipsyndicate.com/video/playlist/1778/1019925?cpt=8&wpid=311 Bloomberg senate look for max baucus of montana. a defender of negotiations between president obama, senate democrats, and republicans. he does not fit the mold of washington power broker. these days the 30 year senate veteran may not able to avoid the cameras, but he prefers the committee room to the studio. a bipartisan deal may elude him, but he will <object width="320" height="260"><param name="movie" value="http://eplayer.clipsyndicate.com/cs_api/get_swf/"></param><param name="flashvars" value="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019925&wpid=311&cpt=8"></param><param name="allowfullscreen" value="true"></param><embed src="http://eplayer.clipsyndicate.com/cs_api/get_swf/" flashvars="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019925&wpid=311&cpt=8" type="application/x-shockwave-flash" allowfullscreen="true" width="320" height="260"></embed></object> Health,Government & Politics,Politics - U.S.,Municipality,obama http://player.clipsyndicate.com/view/1778/1019925 http://player.clipsyndicate.com/view/1778/1019924 <table border="0" cellpadding="0" cellspacing="0"><tr valign="top"><td><a href="http://www.clipsyndicate.com/video/playlist/1778/1019924?cpt=8&wpid=311"><img src="http://video-static.clipsyndicate.com/cs-video/vol2/2009/7/14/58/351/ab5433de-ce19-401d-8c8c-c9160e511374_120x90.jpg" width="120" height="90" border="0" /></a></td><td style="padding:5px;">Obama administration's consumer protection agency is under fire with lots of questions. (Bloomberg News)</td></tr></table><img src="http://feeds.feedburner.com/~r/clipsyndicate_channel/1778/~4/wtXEabIHIl4" height="1" width="1"/> http://feedproxy.google.com/~r/clipsyndicate_channel/1778/~3/wtXEabIHIl4/1019924 Tue, 14 Jul 2009 10:36:13 +0000 Consumer Protection Agency Under Fire Obama administration's consumer protection agency is under fire with lots of questions. (Bloomberg News) http://www.clipsyndicate.com/video/playlist/1778/1019924?cpt=8&wpid=311 Bloomberg senate banking committee is taking a look at the obama administration proposed consumer financial protection agency. not everyone is happy with the idea. now to washington. >> this proposal is a centerpiece of the obama administration proposed regulatory overhaul. does the debate swirling around today is banking committee hearing. how would the agency protect consumer interests? it would regulate the interest rates for consumer products like mortgages and credit cards. but how effective would be? the chairman of the committee, senator chris dodd of connecticut has been vocal in his support for the agency. it could be a sign of trouble ahead that some democrats have come out to question the efficacy of such an agency. senator warner told bloomberg news he is concerned the agency will be divorced from the markets and it may not have the proper resources to succeed. some treasury officials say it's the only way to make sure consumer interests are protected. watch out for testimony from particular people. connecticut attorney general richard blumenthal. he's expected to set of financial protection system has not been working. and another person from the american bankers association could say this agency could stifle innovation and end up costing consumers more in the end. the hearing will start <object width="320" height="260"><param name="movie" value="http://eplayer.clipsyndicate.com/cs_api/get_swf/"></param><param name="flashvars" value="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019924&wpid=311&cpt=8"></param><param name="allowfullscreen" value="true"></param><embed src="http://eplayer.clipsyndicate.com/cs_api/get_swf/" flashvars="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019924&wpid=311&cpt=8" type="application/x-shockwave-flash" allowfullscreen="true" width="320" height="260"></embed></object> Government & Politics,Politics - U.S.,Municipality,obama http://player.clipsyndicate.com/view/1778/1019924 http://player.clipsyndicate.com/view/1778/1019920 <table border="0" cellpadding="0" cellspacing="0"><tr valign="top"><td><a href="http://www.clipsyndicate.com/video/playlist/1778/1019920?cpt=8&wpid=311"><img src="http://video-static.clipsyndicate.com/cs-video/vol2/2009/7/14/58/351/7dd9e056-360c-4aab-b934-0a0aa6c9be20_120x90.jpg" width="120" height="90" border="0" /></a></td><td style="padding:5px;">Milwaukee Brewers, Fielder hits a total of 23 home runs last night. (Bloomberg News)</td></tr></table><img src="http://feeds.feedburner.com/~r/clipsyndicate_channel/1778/~4/6UAuNSdKd_4" height="1" width="1"/> http://feedproxy.google.com/~r/clipsyndicate_channel/1778/~3/6UAuNSdKd_4/1019920 Tue, 14 Jul 2009 10:24:13 +0000 Fielder Wins Home Run Derby Milwaukee Brewers, Fielder hits a total of 23 home runs last night. (Bloomberg News) http://www.clipsyndicate.com/video/playlist/1778/1019920?cpt=8&wpid=311 Bloomberg including a monster shot that went over five tundra feet. the all-star game is tonight at busch stadium. president obama will throw the first pitch. always the <object width="320" height="260"><param name="movie" value="http://eplayer.clipsyndicate.com/cs_api/get_swf/"></param><param name="flashvars" value="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019920&wpid=311&cpt=8"></param><param name="allowfullscreen" value="true"></param><embed src="http://eplayer.clipsyndicate.com/cs_api/get_swf/" flashvars="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019920&wpid=311&cpt=8" type="application/x-shockwave-flash" allowfullscreen="true" width="320" height="260"></embed></object> Sports,Baseball http://player.clipsyndicate.com/view/1778/1019920 http://player.clipsyndicate.com/view/1778/1019903 <table border="0" cellpadding="0" cellspacing="0"><tr valign="top"><td><a href="http://www.clipsyndicate.com/video/playlist/1778/1019903?cpt=8&wpid=311"><img src="http://video-static.clipsyndicate.com/cs-video/vol2/2009/7/14/58/351/2abf2950-070d-48be-8dce-625323da18cd_120x90.jpg" width="120" height="90" border="0" /></a></td><td style="padding:5px;">Mark Dreier is sentence to 20 years in prison to pay the $388 million in restitution. (Bloomberg News)</td></tr></table><img src="http://feeds.feedburner.com/~r/clipsyndicate_channel/1778/~4/c3IEPqRd2IU" height="1" width="1"/> http://feedproxy.google.com/~r/clipsyndicate_channel/1778/~3/c3IEPqRd2IU/1019903 Tue, 14 Jul 2009 09:51:09 +0000 Dreier Defrauded More Than $400 Million Mark Dreier is sentence to 20 years in prison to pay the $388 million in restitution. (Bloomberg News) http://www.clipsyndicate.com/video/playlist/1778/1019903?cpt=8&wpid=311 Bloomberg salamat at the british airways shareholders meeting in westminster, u.k. >> mark drier was sentenced to 20 yorse in prison in order to pay about $388 million in restitution. the founder to have law firm dreier l.l.p.'s sentence was more lenient than 145 years by prosecutors. they said while his crimes are appalling, he is <object width="320" height="260"><param name="movie" value="http://eplayer.clipsyndicate.com/cs_api/get_swf/"></param><param name="flashvars" value="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019903&wpid=311&cpt=8"></param><param name="allowfullscreen" value="true"></param><embed src="http://eplayer.clipsyndicate.com/cs_api/get_swf/" flashvars="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019903&wpid=311&cpt=8" type="application/x-shockwave-flash" allowfullscreen="true" width="320" height="260"></embed></object> Law & Legal Issues,Legal,Emergencies & Disasters,Crime,Fraud http://player.clipsyndicate.com/view/1778/1019903 http://player.clipsyndicate.com/view/1778/1019902 <table border="0" cellpadding="0" cellspacing="0"><tr valign="top"><td><a href="http://www.clipsyndicate.com/video/playlist/1778/1019902?cpt=8&wpid=311"><img src="http://video-static.clipsyndicate.com/cs-video/vol2/2009/7/14/58/351/5064fd31-4b9e-4fa1-be9c-526e297095d2_120x90.jpg" width="120" height="90" border="0" /></a></td><td style="padding:5px;">British airways holds its shareholders meeting today. (Bloomberg News)</td></tr></table><img src="http://feeds.feedburner.com/~r/clipsyndicate_channel/1778/~4/OO4ifOftQ6o" height="1" width="1"/> http://feedproxy.google.com/~r/clipsyndicate_channel/1778/~3/OO4ifOftQ6o/1019902 Tue, 14 Jul 2009 09:48:28 +0000 British Airways Shareholder Meeting British airways holds its shareholders meeting today. (Bloomberg News) http://www.clipsyndicate.com/video/playlist/1778/1019902?cpt=8&wpid=311 Bloomberg of the h5n1 virus. and another negative factor was jet fuel prices that climb 3d2% in the second quarter. british airways holds its shareholders meeting today. rishaad salamat is in westminster where the meeting will take place. walk us through the problems they face now. >> we were talking about some of the u.s. carriers as well. losses taking place across the industry. british airways relies on premium traffic. 45 focket 350b9 of the company's revenues. two years ago they had record profits. so right now, it is -- with the threat of strike action looming. the chief executive wants to cut 3700 jobs and renegotiate contracts and cut back on some of the benefits. that has caused the ire of the union. some shareholders saying it is time to head to the departure gate. we also have lemmings. indicative of them suggesting they will be letter led by lemmings. that's what we have currently as far as this situation. we had four weeks of talks. they are deadlocked at the moment. a strike is a long way off but they can't rule it out. scarlet? >> how damaging could a strike be for the company? >> well, it could be pretty damaging and this would be the first strike this airline has had from its employees directly since july of 1997. something like 12 years ago. at that point it was a three-day strike and cost the company $160 million. we've been talking to an analyst who suggests the strike could cost the airline something like 25 million pounds a day, about $40 million. that comes about as we've seen also a pilot -- the pilots agreed to terms where they would have their pay reduced by 2.6% over the next two years and then they would have a pay rise. the unions are arguing, well, can't we be offered the same thing and they are not being offered that at the moment. turbulent times. >> thanks so much. rishaad <object width="320" height="260"><param name="movie" value="http://eplayer.clipsyndicate.com/cs_api/get_swf/"></param><param name="flashvars" value="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019902&wpid=311&cpt=8"></param><param name="allowfullscreen" value="true"></param><embed src="http://eplayer.clipsyndicate.com/cs_api/get_swf/" flashvars="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019902&wpid=311&cpt=8" type="application/x-shockwave-flash" allowfullscreen="true" width="320" height="260"></embed></object> OTC:BAIRY Business,Economy,Aviation http://player.clipsyndicate.com/view/1778/1019902 http://player.clipsyndicate.com/view/1778/1019900 <table border="0" cellpadding="0" cellspacing="0"><tr valign="top"><td><a href="http://www.clipsyndicate.com/video/playlist/1778/1019900?cpt=8&wpid=311"><img src="http://video-static.clipsyndicate.com/cs-video/vol2/2009/7/14/58/351/af4e82d9-e951-4bcb-9375-1bf3b6bb9a76_120x90.jpg" width="120" height="90" border="0" /></a></td><td style="padding:5px;">Combined Airlines losses are more than $1 billion in the second quarter. (Bloomberg News)</td></tr></table><img src="http://feeds.feedburner.com/~r/clipsyndicate_channel/1778/~4/NNU0JcYHTKI" height="1" width="1"/> http://feedproxy.google.com/~r/clipsyndicate_channel/1778/~3/NNU0JcYHTKI/1019900 Tue, 14 Jul 2009 09:48:03 +0000 Airline Losses Could Top $1B in 2nd Quarter Combined Airlines losses are more than $1 billion in the second quarter. (Bloomberg News) http://www.clipsyndicate.com/video/playlist/1778/1019900?cpt=8&wpid=311 Bloomberg >> we're going to move now from cars to airlines. more turbulence ahead for the nation's carriers. united, continental and other airlines may have combined losses of more than $1 billion in the second quarter. they will start reporting earnings this week. the demand for air travel was hurt by recession and fears <object width="320" height="260"><param name="movie" value="http://eplayer.clipsyndicate.com/cs_api/get_swf/"></param><param name="flashvars" value="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019900&wpid=311&cpt=8"></param><param name="allowfullscreen" value="true"></param><embed src="http://eplayer.clipsyndicate.com/cs_api/get_swf/" flashvars="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019900&wpid=311&cpt=8" type="application/x-shockwave-flash" allowfullscreen="true" width="320" height="260"></embed></object> NYSE:CAL Business,Economy,Aviation http://player.clipsyndicate.com/view/1778/1019900 http://player.clipsyndicate.com/view/1778/1019899 <table border="0" cellpadding="0" cellspacing="0"><tr valign="top"><td><a href="http://www.clipsyndicate.com/video/playlist/1778/1019899?cpt=8&wpid=311"><img src="http://video-static.clipsyndicate.com/cs-video/vol2/2009/7/14/58/351/1d32d7ae-6a73-4fe1-be53-fad607437dce_120x90.jpg" width="120" height="90" border="0" /></a></td><td style="padding:5px;">The photographer who takes a picture of Barack Obama at the center of a lawsuit wants to join the court case. (Bloomberg News)</td></tr></table><img src="http://feeds.feedburner.com/~r/clipsyndicate_channel/1778/~4/zytHqJw7dlA" height="1" width="1"/> http://feedproxy.google.com/~r/clipsyndicate_channel/1778/~3/zytHqJw7dlA/1019899 Tue, 14 Jul 2009 09:42:18 +0000 Photog Wants To Join Obama Poster Case The photographer who takes a picture of Barack Obama at the center of a lawsuit wants to join the court case. (Bloomberg News) http://www.clipsyndicate.com/video/playlist/1778/1019899?cpt=8&wpid=311 Bloomberg center of a lawsuit now wants to join the court case. the associated press is suing the artist who created this obama campaign poster accusing him of copyright infringement. he says the artist wrongfully copied the photo because he was a freelance photographer rather than an a.p. employee. <object width="320" height="260"><param name="movie" value="http://eplayer.clipsyndicate.com/cs_api/get_swf/"></param><param name="flashvars" value="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019899&wpid=311&cpt=8"></param><param name="allowfullscreen" value="true"></param><embed src="http://eplayer.clipsyndicate.com/cs_api/get_swf/" flashvars="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019899&wpid=311&cpt=8" type="application/x-shockwave-flash" allowfullscreen="true" width="320" height="260"></embed></object> Hobbies & Interests,Photography,Government & Politics,Politics - U.S.,obama http://player.clipsyndicate.com/view/1778/1019899 http://player.clipsyndicate.com/view/1778/1019898 <table border="0" cellpadding="0" cellspacing="0"><tr valign="top"><td><a href="http://www.clipsyndicate.com/video/playlist/1778/1019898?cpt=8&wpid=311"><img src="http://video-static.clipsyndicate.com/cs-video/vol2/2009/7/14/58/351/478d16a1-a158-44f7-9490-9daf6aa23693_120x90.jpg" width="120" height="90" border="0" /></a></td><td style="padding:5px;">Asian stocks rallies on signs the region's economy is improving. (Bloomberg News)</td></tr></table><img src="http://feeds.feedburner.com/~r/clipsyndicate_channel/1778/~4/zB1pRD_94iI" height="1" width="1"/> http://feedproxy.google.com/~r/clipsyndicate_channel/1778/~3/zB1pRD_94iI/1019898 Tue, 14 Jul 2009 09:38:08 +0000 Asian Market Check Asian stocks rallies on signs the region's economy is improving. (Bloomberg News) http://www.clipsyndicate.com/video/playlist/1778/1019898?cpt=8&wpid=311 Bloomberg also seeing european markets improving as well. we have paul gordon tracking the asia-pac markets. what drove asian stocks higher? >> the most obvious sign coming from tiny singapore which reported annualized second quarter growth more than 20% and beat analyst' forecasts. the government raised its outlook for this year staying comm will contract but only saying the economy will contract. japanese shares climbing for the first time in 10 days and japan, kirin and suntory are in talks to merge and if they do they will become the world's largest beverage maker topping coca-cola. >> we also hear that china is expanding its investigation into espionage in the steel industry. tell us what it is doing. >> this comes from chinese newspapers which say the government is investigating four local steelmakers about alleged theft of state secrets. they say the newspaper reports are irresponsible and not accurate. one says chinese security bureau should release any information that it has. last week china detained four executives including an australian <object width="320" height="260"><param name="movie" value="http://eplayer.clipsyndicate.com/cs_api/get_swf/"></param><param name="flashvars" value="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019898&wpid=311&cpt=8"></param><param name="allowfullscreen" value="true"></param><embed src="http://eplayer.clipsyndicate.com/cs_api/get_swf/" flashvars="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019898&wpid=311&cpt=8" type="application/x-shockwave-flash" allowfullscreen="true" width="320" height="260"></embed></object> HKG:0011, Business,Economy,Stock Market,Retail,Technology,Real Estate,Banking http://player.clipsyndicate.com/view/1778/1019898 http://player.clipsyndicate.com/view/1778/1019896 <table border="0" cellpadding="0" cellspacing="0"><tr valign="top"><td><a href="http://www.clipsyndicate.com/video/playlist/1778/1019896?cpt=8&wpid=311"><img src="http://video-static.clipsyndicate.com/cs-video/vol2/2009/7/14/58/351/9d8df931-1eef-4f70-bba9-73101af98b33_120x90.jpg" width="120" height="90" border="0" /></a></td><td style="padding:5px;">U.S. retail sales rise in June for a second straight month. (Bloomberg News)</td></tr></table><img src="http://feeds.feedburner.com/~r/clipsyndicate_channel/1778/~4/JmPELBWbIpQ" height="1" width="1"/> http://feedproxy.google.com/~r/clipsyndicate_channel/1778/~3/JmPELBWbIpQ/1019896 Tue, 14 Jul 2009 09:35:35 +0000 US Retail Sales Likely Rise In June U.S. retail sales rise in June for a second straight month. (Bloomberg News) http://www.clipsyndicate.com/video/playlist/1778/1019896?cpt=8&wpid=311 Bloomberg to watch today. >> thanks very much. let's turn now to the broader economy. u.s. retail sales likely rose in june for a second straight month. according to economists surveyed by bloomberg, sales increased .4% after a half-percent gain in may. analysts say although consumer spending is stabilizing, high unemployment is still a drag on the overall economy. figures <object width="320" height="260"><param name="movie" value="http://eplayer.clipsyndicate.com/cs_api/get_swf/"></param><param name="flashvars" value="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019896&wpid=311&cpt=8"></param><param name="allowfullscreen" value="true"></param><embed src="http://eplayer.clipsyndicate.com/cs_api/get_swf/" flashvars="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019896&wpid=311&cpt=8" type="application/x-shockwave-flash" allowfullscreen="true" width="320" height="260"></embed></object> Business,Economy,Retail http://player.clipsyndicate.com/view/1778/1019896 http://player.clipsyndicate.com/view/1778/1019895 <table border="0" cellpadding="0" cellspacing="0"><tr valign="top"><td><a href="http://www.clipsyndicate.com/video/playlist/1778/1019895?cpt=8&wpid=311"><img src="http://video-static.clipsyndicate.com/cs-video/vol2/2009/7/14/58/351/4d3543a1-0b4c-4f7e-909d-fa635db0eff8_120x90.jpg" width="120" height="90" border="0" /></a></td><td style="padding:5px;">Dell shares declines; they pay more for parts and not passing the costs to the costumers. (Bloomberg News)</td></tr></table><img src="http://feeds.feedburner.com/~r/clipsyndicate_channel/1778/~4/Ao--zSQJ-bw" height="1" width="1"/> http://feedproxy.google.com/~r/clipsyndicate_channel/1778/~3/Ao--zSQJ-bw/1019895 Tue, 14 Jul 2009 09:34:01 +0000 Dell Sees Price Squeeze Dell shares declines; they pay more for parts and not passing the costs to the costumers. (Bloomberg News) http://www.clipsyndicate.com/video/playlist/1778/1019895?cpt=8&wpid=311 Bloomberg tech sector where the second largest macroof p.c.'s says profits may suffer this quarter. >> keep an eye on dell shares today because the company came out saying profitability could suffer because it is paying more for parts and not passing those cost on to customers. we thought it would be a good idea to check it out. the trend has been with dell's growth margin. a bit of a squeeze from 1999 through latest recovery period. down to about 18% compared to hewlett packard, which is number one in the p.c. space, their margin also has been decling and generally is higher than dell has been historically. kumar, an analyst said a recovery depends on a rebound in corporate technology spending. not something he sees in the cards in the near term. interesting to point out also that dell shares are within the s&amp;p technology index. it has really been outperforming this year and the best performing group but dell is one of the worst performing stocks in that index. only six stocks are lower. this year dell is one of those six. scarlet, this is definitely stock <object width="320" height="260"><param name="movie" value="http://eplayer.clipsyndicate.com/cs_api/get_swf/"></param><param name="flashvars" value="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019895&wpid=311&cpt=8"></param><param name="allowfullscreen" value="true"></param><embed src="http://eplayer.clipsyndicate.com/cs_api/get_swf/" flashvars="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019895&wpid=311&cpt=8" type="application/x-shockwave-flash" allowfullscreen="true" width="320" height="260"></embed></object> NASDAQ:DELL Business,Economy,Technology http://player.clipsyndicate.com/view/1778/1019895 http://player.clipsyndicate.com/view/1778/1019894 <table border="0" cellpadding="0" cellspacing="0"><tr valign="top"><td><a href="http://www.clipsyndicate.com/video/playlist/1778/1019894?cpt=8&wpid=311"><img src="http://video-static.clipsyndicate.com/cs-video/vol2/2009/7/14/58/351/3db683b0-7868-4d2a-968c-03c3eeb0c8bd_120x90.jpg" width="120" height="90" border="0" /></a></td><td style="padding:5px;">European commission crack downs on pay and bonuses of the E.U. banking system. (Bloomberg News)</td></tr></table><img src="http://feeds.feedburner.com/~r/clipsyndicate_channel/1778/~4/ksvuGMjv3Bw" height="1" width="1"/> http://feedproxy.google.com/~r/clipsyndicate_channel/1778/~3/ksvuGMjv3Bw/1019894 Tue, 14 Jul 2009 09:25:01 +0000 New EU Rules On Banker's Pay European commission crack downs on pay and bonuses of the E.U. banking system. (Bloomberg News) http://www.clipsyndicate.com/video/playlist/1778/1019894?cpt=8&wpid=311 Bloomberg and thafere money are the main topic of discussion over in brussels today as the european commission gets ready to crack down on pay and bonuses. chris burns joins us live from brussels 368s once again this report doesn't put a ceiling on bonuses but it does at least have some teeth. >> yes, it does. the national regulators could impose fines if there is excessive risk taking by the employees of a financial company. charles mccready said it puts an end to those perverse pay incentives by going after companies that take excessive risk. if the company does not comply the regulators have teeth. >> where the regulators are not satisfied, when a bank of investment firm meet the necessary standards, they can take measures that will include in appropriate cases the requirement to hold additional capital but they can also include fines and other kinds of administrative functions. >> wait a minute, the european banking federation shoots back and said this should be an international agreement. we want a level playing field. >> what are you hearing about what the e.u. plans to do with financial firms' trading practices? >> they want more disclosure and want to boost capital reserve. other americay instruments like asset-backed securities. they said disproportionate stream sanctions. -- extreme sanctions. >> thanks very much. bloomberg's <object width="320" height="260"><param name="movie" value="http://eplayer.clipsyndicate.com/cs_api/get_swf/"></param><param name="flashvars" value="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019894&wpid=311&cpt=8"></param><param name="allowfullscreen" value="true"></param><embed src="http://eplayer.clipsyndicate.com/cs_api/get_swf/" flashvars="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019894&wpid=311&cpt=8" type="application/x-shockwave-flash" allowfullscreen="true" width="320" height="260"></embed></object> Business,International,Banking http://player.clipsyndicate.com/view/1778/1019894 http://player.clipsyndicate.com/view/1778/1019892 <table border="0" cellpadding="0" cellspacing="0"><tr valign="top"><td><a href="http://www.clipsyndicate.com/video/playlist/1778/1019892?cpt=8&wpid=311"><img src="http://video-static.clipsyndicate.com/cs-video/vol2/2009/7/14/58/351/0e23317c-b176-455c-9d24-441d3aefe9ef_120x90.jpg" width="120" height="90" border="0" /></a></td><td style="padding:5px;">Blockbuster teams up with Samsung Electronics. (Bloomberg News)</td></tr></table><img src="http://feeds.feedburner.com/~r/clipsyndicate_channel/1778/~4/q3l6msIWzto" height="1" width="1"/> http://feedproxy.google.com/~r/clipsyndicate_channel/1778/~3/q3l6msIWzto/1019892 Tue, 14 Jul 2009 09:24:43 +0000 Blockbuster Team With Samsung To Stream Movies Blockbuster teams up with Samsung Electronics. (Bloomberg News) http://www.clipsyndicate.com/video/playlist/1778/1019892?cpt=8&wpid=311 Bloomberg electronics. it will allow movies to be screened on demand on home computer systems and blue ray disk players. now bappingers <object width="320" height="260"><param name="movie" value="http://eplayer.clipsyndicate.com/cs_api/get_swf/"></param><param name="flashvars" value="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019892&wpid=311&cpt=8"></param><param name="allowfullscreen" value="true"></param><embed src="http://eplayer.clipsyndicate.com/cs_api/get_swf/" flashvars="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019892&wpid=311&cpt=8" type="application/x-shockwave-flash" allowfullscreen="true" width="320" height="260"></embed></object> SEO:005930,NYSE:BBI Business,Media/Entertainment,Economy,Consumer Electronics http://player.clipsyndicate.com/view/1778/1019892 http://player.clipsyndicate.com/view/1778/1019891 <table border="0" cellpadding="0" cellspacing="0"><tr valign="top"><td><a href="http://www.clipsyndicate.com/video/playlist/1778/1019891?cpt=8&wpid=311"><img src="http://video-static.clipsyndicate.com/cs-video/vol2/2009/7/14/58/351/e6170ab4-9ac6-468a-b6e7-84d988648e8b_120x90.jpg" width="120" height="90" border="0" /></a></td><td style="padding:5px;">Kirin is in talks with Suntory for a merger proposal. (Bloomberg News)</td></tr></table><img src="http://feeds.feedburner.com/~r/clipsyndicate_channel/1778/~4/_CmHd2B0Vdo" height="1" width="1"/> http://feedproxy.google.com/~r/clipsyndicate_channel/1778/~3/_CmHd2B0Vdo/1019891 Tue, 14 Jul 2009 09:24:29 +0000 Kirin-Suntory Merger Talks Underway Kirin is in talks with Suntory for a merger proposal. (Bloomberg News) http://www.clipsyndicate.com/video/playlist/1778/1019891?cpt=8&wpid=311 Bloomberg plerge rival suntory. if the zeal final eisted. movie rental company blockbuster is teaming up with samsung <object width="320" height="260"><param name="movie" value="http://eplayer.clipsyndicate.com/cs_api/get_swf/"></param><param name="flashvars" value="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019891&wpid=311&cpt=8"></param><param name="allowfullscreen" value="true"></param><embed src="http://eplayer.clipsyndicate.com/cs_api/get_swf/" flashvars="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019891&wpid=311&cpt=8" type="application/x-shockwave-flash" allowfullscreen="true" width="320" height="260"></embed></object> Business,Economy,Manufacturing http://player.clipsyndicate.com/view/1778/1019891 http://player.clipsyndicate.com/view/1778/1019889 <table border="0" cellpadding="0" cellspacing="0"><tr valign="top"><td><a href="http://www.clipsyndicate.com/video/playlist/1778/1019889?cpt=8&wpid=311"><img src="http://video-static.clipsyndicate.com/cs-video/vol2/2009/7/14/58/351/da24d839-9e21-4d27-b70e-b2765b478222_120x90.jpg" width="120" height="90" border="0" /></a></td><td style="padding:5px;">BlackRock gets at least $71 million in the first year of contracts to oversee distressed assets formerly owned by A.I.G. and Bear Stearns. (Bloomberg News)</td></tr></table><img src="http://feeds.feedburner.com/~r/clipsyndicate_channel/1778/~4/aelcRm-y4os" height="1" width="1"/> http://feedproxy.google.com/~r/clipsyndicate_channel/1778/~3/aelcRm-y4os/1019889 Tue, 14 Jul 2009 09:24:09 +0000 BlackRock Deal Worth $71M In First Year BlackRock gets at least $71 million in the first year of contracts to oversee distressed assets formerly owned by A.I.G. and Bear Stearns. (Bloomberg News) http://www.clipsyndicate.com/video/playlist/1778/1019889?cpt=8&wpid=311 Bloomberg year of contracts to oversee distressed assets formererly owned by a.i.g. and bear stearns. japanese beverage giant kir inis in talks to <object width="320" height="260"><param name="movie" value="http://eplayer.clipsyndicate.com/cs_api/get_swf/"></param><param name="flashvars" value="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019889&wpid=311&cpt=8"></param><param name="allowfullscreen" value="true"></param><embed src="http://eplayer.clipsyndicate.com/cs_api/get_swf/" flashvars="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019889&wpid=311&cpt=8" type="application/x-shockwave-flash" allowfullscreen="true" width="320" height="260"></embed></object> NYSE:BLK,NYSE:AIG,OTC:BSCBM Business,Economy,Banking http://player.clipsyndicate.com/view/1778/1019889 http://player.clipsyndicate.com/view/1778/1019887 <table border="0" cellpadding="0" cellspacing="0"><tr valign="top"><td><a href="http://www.clipsyndicate.com/video/playlist/1778/1019887?cpt=8&wpid=311"><img src="http://video-static.clipsyndicate.com/cs-video/vol2/2009/7/14/58/351/756bd3a8-3342-4b01-b6d8-edc8735a6e5e_120x90.jpg" width="120" height="90" border="0" /></a></td><td style="padding:5px;">Geithner says that the global recovery will take time and he warns his audience that gradually recovery may be expected. (Bloomberg News)</td></tr></table><img src="http://feeds.feedburner.com/~r/clipsyndicate_channel/1778/~4/-b_m1BkwZCQ" height="1" width="1"/> http://feedproxy.google.com/~r/clipsyndicate_channel/1778/~3/-b_m1BkwZCQ/1019887 Tue, 14 Jul 2009 09:17:51 +0000 Tim Geithner In Saudi Arabia Geithner says that the global recovery will take time and he warns his audience that gradually recovery may be expected. (Bloomberg News) http://www.clipsyndicate.com/video/playlist/1778/1019887?cpt=8&wpid=311 Bloomberg might see some type of prepackaged chapter 11. >> thank you very much. bert everyone ly. >> bloomberg's peter scook the only broadcast journalist joing geithner on his trip and he joins us from saudi arabia to wrap up with the treasury secretary talked about. >> the treasury secretary just concluding his speech. he is on his way now, he spoke about half an hour and took agrees an audience of saudi and american business leaders. basically he said the global recovery will take time, he warned the audience here a gradual recovery should be expected but said he expected recovery to pick up in the united states specifically seeing some aspects of stabilize nation the united states and some specific words here, improvements have been more substantial and have come more quickly than expected when we were designing this program. he talked about the economic relationship between the united states and saudi arabia. the largest trading partners here. saudi arabia the largest trading partner with the united states in the middle east and he talked about the deficit and efforts to try and reduce the deficit over time as we move past this crisis. a key message to the awed here, given that saudi arabia is a major holder and talked about the special responsibility the u.s. has for the dollar <object width="320" height="260"><param name="movie" value="http://eplayer.clipsyndicate.com/cs_api/get_swf/"></param><param name="flashvars" value="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019887&wpid=311&cpt=8"></param><param name="allowfullscreen" value="true"></param><embed src="http://eplayer.clipsyndicate.com/cs_api/get_swf/" flashvars="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019887&wpid=311&cpt=8" type="application/x-shockwave-flash" allowfullscreen="true" width="320" height="260"></embed></object> Business,Economy,Government & Politics,Municipality http://player.clipsyndicate.com/view/1778/1019887 http://player.clipsyndicate.com/view/1778/1019886 <table border="0" cellpadding="0" cellspacing="0"><tr valign="top"><td><a href="http://www.clipsyndicate.com/video/playlist/1778/1019886?cpt=8&wpid=311"><img src="http://video-static.clipsyndicate.com/cs-video/vol2/2009/7/14/58/351/7aef0265-4037-4649-8f3e-ec66fc8c15de_120x90.jpg" width="120" height="90" border="0" /></a></td><td style="padding:5px;">Analysis and discussion with the C.E.O. of the Ely & Co., Bert Ely. He talks about the C.I.T. Groups discussion with the government for its rescue plan. (Bloomberg News)</td></tr></table><img src="http://feeds.feedburner.com/~r/clipsyndicate_channel/1778/~4/O_WbIe3tKfo" height="1" width="1"/> http://feedproxy.google.com/~r/clipsyndicate_channel/1778/~3/O_WbIe3tKfo/1019886 Tue, 14 Jul 2009 09:15:25 +0000 In-Depth Look - CIT Rescue Plan Analysis and discussion with the C.E.O. of the Ely & Co., Bert Ely. He talks about the C.I.T. Groups discussion with the government for its rescue plan. (Bloomberg News) http://www.clipsyndicate.com/video/playlist/1778/1019886?cpt=8&wpid=311 Bloomberg about some form of rescue plan. to help decode what kind of federal help this could entail for the markets, we're talking to the c.e.o. of elie and company. the u.s. government has so far refused to back their debt sales. would it be fair to say they are not too big to fail? >> i don't think so. given its size there is a lot of debate about whether or not it is too big to fail. c.i.t., even though it is not that large compared to bank of america or citi, it still is a significant lender to many small businesses and medium-sized businesses. so a failure, a shutdown of c.i.t. would be a pretty serious event but there is an option that i have no zoubt being explored that the government might help to facilitate and that would be a prepackaged chapter 11 bankruptcy. >> like what we saw with general motors for instance. right? >> yeah. and there is a lot of debt in c.i.d., both subordinated debt and senior unsecured debt that could be a portion of which could be converted to equity so as to strengthen the capital position at c.i.t. i know that c.i.t. has retained bankruptcy council. i'm sure this is being considered. this is something the government could possibly help along by providing some debt guarantees. the tradeoff that is going on now is how much will the government contribute and how much will existing creditors take a loss? >> quickly, i want to get your thoughts on what kind of precedent the c.i.t. situation could set for future lender problems. >> it would set a big precedent if the government stepped in with a broad rescue plan for c.i.t. that fully protected all the creditors. i think there is reluctantance by the government to do that which is why wrnk we <object width="320" height="260"><param name="movie" value="http://eplayer.clipsyndicate.com/cs_api/get_swf/"></param><param name="flashvars" value="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019886&wpid=311&cpt=8"></param><param name="allowfullscreen" value="true"></param><embed src="http://eplayer.clipsyndicate.com/cs_api/get_swf/" flashvars="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019886&wpid=311&cpt=8" type="application/x-shockwave-flash" allowfullscreen="true" width="320" height="260"></embed></object> NYSE:CIT Business,Economy,Banking http://player.clipsyndicate.com/view/1778/1019886 http://player.clipsyndicate.com/view/1778/1019884 <table border="0" cellpadding="0" cellspacing="0"><tr valign="top"><td><a href="http://www.clipsyndicate.com/video/playlist/1778/1019884?cpt=8&wpid=311"><img src="http://video-static.clipsyndicate.com/cs-video/vol2/2009/7/14/58/351/286cba16-050a-4f16-ab91-ee35795c9a9a_120x90.jpg" width="120" height="90" border="0" /></a></td><td style="padding:5px;">Knapp raises his forecast for the S&P 500. (Bloomberg News)</td></tr></table><img src="http://feeds.feedburner.com/~r/clipsyndicate_channel/1778/~4/db_4FIvWyRk" height="1" width="1"/> http://feedproxy.google.com/~r/clipsyndicate_channel/1778/~3/db_4FIvWyRk/1019884 Tue, 14 Jul 2009 09:11:08 +0000 Knapp Sees S&P 500 Climbing To 930 Knapp raises his forecast for the S&P 500. (Bloomberg News) http://www.clipsyndicate.com/video/playlist/1778/1019884?cpt=8&wpid=311 Bloomberg best investments because that country's economic growth is poised to the forecast. the bench mark could finish year at 9:30, a 23% increase from his previous call. >> companies are offering a little bit better guidance than they have been offering. it will be a something for everyone-type earnings season that will not derail recovery thesis. >> he correctly called the drop this stocks in the first quarter as well as march <object width="320" height="260"><param name="movie" value="http://eplayer.clipsyndicate.com/cs_api/get_swf/"></param><param name="flashvars" value="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019884&wpid=311&cpt=8"></param><param name="allowfullscreen" value="true"></param><embed src="http://eplayer.clipsyndicate.com/cs_api/get_swf/" flashvars="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019884&wpid=311&cpt=8" type="application/x-shockwave-flash" allowfullscreen="true" width="320" height="260"></embed></object> Business,Economy http://player.clipsyndicate.com/view/1778/1019884 http://player.clipsyndicate.com/view/1778/1019883 <table border="0" cellpadding="0" cellspacing="0"><tr valign="top"><td><a href="http://www.clipsyndicate.com/video/playlist/1778/1019883?cpt=8&wpid=311"><img src="http://video-static.clipsyndicate.com/cs-video/vol2/2009/7/14/58/351/c429632a-bd4b-425a-85b9-9b3f6c0dde27_120x90.jpg" width="120" height="90" border="0" /></a></td><td style="padding:5px;">Biggs says an economic recovery is in place and may push stocks higher. (Bloomberg News)</td></tr></table><img src="http://feeds.feedburner.com/~r/clipsyndicate_channel/1778/~4/CVwEz3qb1ic" height="1" width="1"/> http://feedproxy.google.com/~r/clipsyndicate_channel/1778/~3/CVwEz3qb1ic/1019883 Tue, 14 Jul 2009 09:10:19 +0000 Biggs Says US Recovery "In Place" Biggs says an economic recovery is in place and may push stocks higher. (Bloomberg News) http://www.clipsyndicate.com/video/playlist/1778/1019883?cpt=8&wpid=311 Bloomberg known hedge fund manager says an economic recovery is in place and may push stocks higher. he is barton bigs who now runs tracksist partners and he told bloomberg television that the s&amp;p 500 could climb 11% this year as the economy improves. >> data suggests that we are going to get a not just a stabilization of the economy but a recovery. in other words, we're not going to have an l-shaped stabilization. we're going to have more of a u-shaped recovery. >> he said chinese stocks are among the world's <object width="320" height="260"><param name="movie" value="http://eplayer.clipsyndicate.com/cs_api/get_swf/"></param><param name="flashvars" value="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019883&wpid=311&cpt=8"></param><param name="allowfullscreen" value="true"></param><embed src="http://eplayer.clipsyndicate.com/cs_api/get_swf/" flashvars="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019883&wpid=311&cpt=8" type="application/x-shockwave-flash" allowfullscreen="true" width="320" height="260"></embed></object> Business,Economy http://player.clipsyndicate.com/view/1778/1019883 http://player.clipsyndicate.com/view/1778/1019881 <table border="0" cellpadding="0" cellspacing="0"><tr valign="top"><td><a href="http://www.clipsyndicate.com/video/playlist/1778/1019881?cpt=8&wpid=311"><img src="http://video-static.clipsyndicate.com/cs-video/vol2/2009/7/14/58/351/9947168c-d1d9-44e7-8923-fc97cd759244_120x90.jpg" width="120" height="90" border="0" /></a></td><td style="padding:5px;">European markets trade are higher. (Bloomberg News)</td></tr></table><img src="http://feeds.feedburner.com/~r/clipsyndicate_channel/1778/~4/JoW98XlZ4kk" height="1" width="1"/> http://feedproxy.google.com/~r/clipsyndicate_channel/1778/~3/JoW98XlZ4kk/1019881 Tue, 14 Jul 2009 09:08:44 +0000 European Market Check European markets trade are higher. (Bloomberg News) http://www.clipsyndicate.com/video/playlist/1778/1019881?cpt=8&wpid=311 Bloomberg in pension fund kickbacks. let's return now to the markets. asia is playing catchup today. how is european trading faring today? let's head to our london office to find out what's going on. >> good morning to you. european markets are trade higher. base metals are gaining. this has been a positive for mining and basic resource shares. we have the ftse, the dax and the cac 40 in paris all higher. still higher. various factors at play or work here today. prince we have a positive sentiment figure. the housing situation is improving there with prices rising in london according to a later survey and speaking of a survey, a little bit of a contrarian indicator here from germany, investor confidence in july, unexpectedly dropped just now. you have a little bit of a mixed picture here. let's quickly look at the moving sectors here. it is here. most of that basic resources, banks, financial services and insurance stocks and the most -- the biggest gainer today is deutsche bank in the stoxx 50 down -- sorry, up .5%. >> now a well <object width="320" height="260"><param name="movie" value="http://eplayer.clipsyndicate.com/cs_api/get_swf/"></param><param name="flashvars" value="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019881&wpid=311&cpt=8"></param><param name="allowfullscreen" value="true"></param><embed src="http://eplayer.clipsyndicate.com/cs_api/get_swf/" flashvars="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019881&wpid=311&cpt=8" type="application/x-shockwave-flash" allowfullscreen="true" width="320" height="260"></embed></object> NYSE:GS Business,Economy,Stock Market,Real Estate,Banking http://player.clipsyndicate.com/view/1778/1019881 http://player.clipsyndicate.com/view/1778/1019880 <table border="0" cellpadding="0" cellspacing="0"><tr valign="top"><td><a href="http://www.clipsyndicate.com/video/playlist/1778/1019880?cpt=8&wpid=311"><img src="http://video-static.clipsyndicate.com/cs-video/vol2/2009/7/14/58/351/0402ee9e-55da-495c-8eaf-9c5d36355b1f_120x90.jpg" width="120" height="90" border="0" /></a></td><td style="padding:5px;">Rattner steps down as head of the U.S. auto task force. Ron Bloom will take over. (Bloomberg News)</td></tr></table><img src="http://feeds.feedburner.com/~r/clipsyndicate_channel/1778/~4/HzyhoDZBMYw" height="1" width="1"/> http://feedproxy.google.com/~r/clipsyndicate_channel/1778/~3/HzyhoDZBMYw/1019880 Tue, 14 Jul 2009 09:07:25 +0000 Rattner Quits Auto Task Force Rattner steps down as head of the U.S. auto task force. Ron Bloom will take over. (Bloomberg News) http://www.clipsyndicate.com/video/playlist/1778/1019880?cpt=8&wpid=311 Bloomberg as head of the u.s. auto task force after less than six months on the job just days after general motors emerged from bankruptcy suggesting that the government is easing into a new role as a passive investor in the ah automakers. ron bloom will take over. rattner is a former investment maker. he through reorganization of g.m. and chryslerly demanding concessions from the union and shareholders. and firing c.e.o. rick wagoner. reyou're the first, you do it at the same time and you set a deadline and say here is the deadline. everybody has to get there by this day or we're moving somewhere else. i think inevitably has part of this process there are going to be deadlines. without deadlines deals don't happen. there are deal maker has no plans to return to quadrangle. in april the firm was linked to federal and state investigations of millions of dollars <object width="320" height="260"><param name="movie" value="http://eplayer.clipsyndicate.com/cs_api/get_swf/"></param><param name="flashvars" value="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019880&wpid=311&cpt=8"></param><param name="allowfullscreen" value="true"></param><embed src="http://eplayer.clipsyndicate.com/cs_api/get_swf/" flashvars="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019880&wpid=311&cpt=8" type="application/x-shockwave-flash" allowfullscreen="true" width="320" height="260"></embed></object> Business,Economy,Automotive,Government & Politics,Municipality http://player.clipsyndicate.com/view/1778/1019880 http://player.clipsyndicate.com/view/1778/1019865 <table border="0" cellpadding="0" cellspacing="0"><tr valign="top"><td><a href="http://www.clipsyndicate.com/video/playlist/1778/1019865?cpt=8&wpid=311"><img src="http://video-static.clipsyndicate.com/cs-video/vol2/2009/7/14/58/351/e33d54c9-db3e-46dd-972d-7f719a6a4751_120x90.jpg" width="120" height="90" border="0" /></a></td><td style="padding:5px;">The justice department launches an investigation in the market for credit-default swaps. (Bloomberg News)</td></tr></table><img src="http://feeds.feedburner.com/~r/clipsyndicate_channel/1778/~4/oWMqZp2MIAs" height="1" width="1"/> http://feedproxy.google.com/~r/clipsyndicate_channel/1778/~3/oWMqZp2MIAs/1019865 Tue, 14 Jul 2009 09:06:55 +0000 Credit-Default Swaps Probe The justice department launches an investigation in the market for credit-default swaps. (Bloomberg News) http://www.clipsyndicate.com/video/playlist/1778/1019865?cpt=8&wpid=311 Bloomberg failure. their companies include dunkin' donuts and eddie bower. at issue is whether thee banks received unfair access to pricing information or other sensitive data. lawmakers plan to regulate the i.d.f.tives market which includes credit default swaps blamed for contributing to the financial cris. rattner is stepping down <object width="320" height="260"><param name="movie" value="http://eplayer.clipsyndicate.com/cs_api/get_swf/"></param><param name="flashvars" value="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019865&wpid=311&cpt=8"></param><param name="allowfullscreen" value="true"></param><embed src="http://eplayer.clipsyndicate.com/cs_api/get_swf/" flashvars="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019865&wpid=311&cpt=8" type="application/x-shockwave-flash" allowfullscreen="true" width="320" height="260"></embed></object> Business,Economy,Banking,Government & Politics,Municipality http://player.clipsyndicate.com/view/1778/1019865 http://player.clipsyndicate.com/view/1778/1019864 <table border="0" cellpadding="0" cellspacing="0"><tr valign="top"><td><a href="http://www.clipsyndicate.com/video/playlist/1778/1019864?cpt=8&wpid=311"><img src="http://video-static.clipsyndicate.com/cs-video/vol2/2009/7/14/58/351/3a74dd00-dbd5-4038-bcd3-709887aa12e3_120x90.jpg" width="120" height="90" border="0" /></a></td><td style="padding:5px;">C.I.T. group says it is still in talks with government regulators the bond that will mature next month. (Bloomberg News)</td></tr></table><img src="http://feeds.feedburner.com/~r/clipsyndicate_channel/1778/~4/tTuzwsnCCbo" height="1" width="1"/> http://feedproxy.google.com/~r/clipsyndicate_channel/1778/~3/tTuzwsnCCbo/1019864 Tue, 14 Jul 2009 09:06:11 +0000 CIT Debt Rating Cut C.I.T. group says it is still in talks with government regulators the bond that will mature next month. (Bloomberg News) http://www.clipsyndicate.com/video/playlist/1778/1019864?cpt=8&wpid=311 Bloomberg to the financial crisis in the first place, scarlet. >> thanks very much. staying with the financials, c.i.t. group says it is still in talks with government regulators about a rescue before a billion dollars of its bonds ma chure next month. the price on the lenders' floating rate note yesterday plunged to 80 cents on the dollar. moody's and s&amp;p slashing the rating by four notches on monday. according to internal documents obtained by bloomberg news, a collapse of c.i.t. would put 760 manufacturing clients at risk of <object width="320" height="260"><param name="movie" value="http://eplayer.clipsyndicate.com/cs_api/get_swf/"></param><param name="flashvars" value="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019864&wpid=311&cpt=8"></param><param name="allowfullscreen" value="true"></param><embed src="http://eplayer.clipsyndicate.com/cs_api/get_swf/" flashvars="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019864&wpid=311&cpt=8" type="application/x-shockwave-flash" allowfullscreen="true" width="320" height="260"></embed></object> NYSE:CIT Business,Economy,Banking http://player.clipsyndicate.com/view/1778/1019864 http://player.clipsyndicate.com/view/1778/1019862 <table border="0" cellpadding="0" cellspacing="0"><tr valign="top"><td><a href="http://www.clipsyndicate.com/video/playlist/1778/1019862?cpt=8&wpid=311"><img src="http://video-static.clipsyndicate.com/cs-video/vol2/2009/7/14/58/351/884a0383-aaa2-4e78-8070-5f3fd00f5556_120x90.jpg" width="120" height="90" border="0" /></a></td><td style="padding:5px;">A report suggests Goldman bosses sell a bucket load of shares after getting billions in aid from the U.S. government. (Bloomberg News)</td></tr></table><img src="http://feeds.feedburner.com/~r/clipsyndicate_channel/1778/~4/9a4FouzAVAc" height="1" width="1"/> http://feedproxy.google.com/~r/clipsyndicate_channel/1778/~3/9a4FouzAVAc/1019862 Tue, 14 Jul 2009 09:04:29 +0000 Goldman Sale Earnings A report suggests Goldman bosses sell a bucket load of shares after getting billions in aid from the U.S. government. (Bloomberg News) http://www.clipsyndicate.com/video/playlist/1778/1019862?cpt=8&wpid=311 Bloomberg this decreased leverage. definitely something to watch. back to you. >> a report out this morning suggesting goldman bosses sold a bucket load of shares after getting billions in aid from the u.s. government. >> looks like goldman executives have been busy selling stock. the financial times has this story on its front page saying executives sold almost $700 million worth of stock after the collapse of lehman brothers. about 1/3 higher than the amount they sold in a similar period a year earlier. the paper made the discovery by gathering together filings from the s.e.c. now most of the sales happened during the period when the firm was being propped up by $10 billion in taxpayer funds and also during a time when it expanded its public float. bosses like c.e.o. lloyd blankfein could well come under fire over this revelation. an analyst we spoke with earlier this morning gave us his reaction to the story. sorry, we don't have that for you. i spoke to a few other analysts this morning ahead of the earnings today and they said they are really looking to find out just how much risk goldman is taking with its own money. 2 government report that was put in place for this bank has allowed it to go business as usual and some people say there is a danger of not learning from the mistakes that led us <object width="320" height="260"><param name="movie" value="http://eplayer.clipsyndicate.com/cs_api/get_swf/"></param><param name="flashvars" value="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019862&wpid=311&cpt=8"></param><param name="allowfullscreen" value="true"></param><embed src="http://eplayer.clipsyndicate.com/cs_api/get_swf/" flashvars="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019862&wpid=311&cpt=8" type="application/x-shockwave-flash" allowfullscreen="true" width="320" height="260"></embed></object> Business,Economy,Banking,Government & Politics,Municipality http://player.clipsyndicate.com/view/1778/1019862 http://player.clipsyndicate.com/view/1778/1019860 <table border="0" cellpadding="0" cellspacing="0"><tr valign="top"><td><a href="http://www.clipsyndicate.com/video/playlist/1778/1019860?cpt=8&wpid=311"><img src="http://video-static.clipsyndicate.com/cs-video/vol2/2009/7/14/58/351/37750e26-220c-4ca2-ae4a-bcde4c3bbe23_120x90.jpg" width="120" height="90" border="0" /></a></td><td style="padding:5px;">Goldman Sachs poise to post some of the best earnings since 2007. A big part of the earnings is the amount of leverage Goldman have. (Bloomberg News)</td></tr></table><img src="http://feeds.feedburner.com/~r/clipsyndicate_channel/1778/~4/pKwWU3dL5ms" height="1" width="1"/> http://feedproxy.google.com/~r/clipsyndicate_channel/1778/~3/pKwWU3dL5ms/1019860 Tue, 14 Jul 2009 09:02:49 +0000 Less Leverage For Goldman Sachs Goldman Sachs poise to post some of the best earnings since 2007. A big part of the earnings is the amount of leverage Goldman have. (Bloomberg News) http://www.clipsyndicate.com/video/playlist/1778/1019860?cpt=8&wpid=311 Bloomberg 30% and reach $186 a share. goldman may post record trading profits. let's head to lydia at the markets desk. >> if the analysts are right goldman sachs may be poised po post some of the best earnings we have seen since 2007. a big part of the earnings was the amount of leverage goldman had and deleveraging has been the buzz word of 2008. i want to take a look at the reverage ratio. total assets to shareholder equity. this is 2004. now in the green, you have goldman sachs here. the leverage ratio up around the 25-range. now to about 15 here. on the bottom you have bank of america. remember goldman sachs becoming a bank holding company back in september of last year. this is their ratio. you can see goldman getting closer and closer in line with that. bank of america in about the 10 range. goldman has been lowering the leverage ratio. something o to watch will be to see how that leverage ratio looks and whether or not it is going to hang out in this range. an analyst expects it to hang out in this range. it is not so much to do with the holding company stats but the regulatory environment. a lot of public officials expecting to see <object width="320" height="260"><param name="movie" value="http://eplayer.clipsyndicate.com/cs_api/get_swf/"></param><param name="flashvars" value="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019860&wpid=311&cpt=8"></param><param name="allowfullscreen" value="true"></param><embed src="http://eplayer.clipsyndicate.com/cs_api/get_swf/" flashvars="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019860&wpid=311&cpt=8" type="application/x-shockwave-flash" allowfullscreen="true" width="320" height="260"></embed></object> NYSE:GS,NYSE:BAC Business,Economy,Banking http://player.clipsyndicate.com/view/1778/1019860 http://player.clipsyndicate.com/view/1778/1019857 <table border="0" cellpadding="0" cellspacing="0"><tr valign="top"><td><a href="http://www.clipsyndicate.com/video/playlist/1778/1019857?cpt=8&wpid=311"><img src="http://video-static.clipsyndicate.com/cs-video/vol2/2009/7/14/58/351/313a5b6e-87d4-477d-96d9-6a0e82ee589d_120x90.jpg" width="120" height="90" border="0" /></a></td><td style="padding:5px;">Investors have high hopes for Goldman Sachs. Goldman have the highest prospects of the 15 biggest banks. (Bloomberg News)</td></tr></table><img src="http://feeds.feedburner.com/~r/clipsyndicate_channel/1778/~4/Ovutlt-bmOY" height="1" width="1"/> http://feedproxy.google.com/~r/clipsyndicate_channel/1778/~3/Ovutlt-bmOY/1019857 Tue, 14 Jul 2009 09:01:56 +0000 Goldman 2Q Investors have high hopes for Goldman Sachs. Goldman have the highest prospects of the 15 biggest banks. (Bloomberg News) http://www.clipsyndicate.com/video/playlist/1778/1019857?cpt=8&wpid=311 Bloomberg open on wall street. it is earnings season and investors have high hopes for goldman sachs. the bank is set to report second quarter results at 8:30 a.m. eastern time this morning. according to analysts surveyed by bloomberg, goldman may have the highest prospects of the 15 biggest banks. fixed income, currency and commodities business known as ficc may see another record quarter. back in june c.e.o. lloyd blankfein repaid $10 billion in bailout money. goldman shares rallied to just over $150 a share. meredith whitney predicts the stock may climb <object width="320" height="260"><param name="movie" value="http://eplayer.clipsyndicate.com/cs_api/get_swf/"></param><param name="flashvars" value="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019857&wpid=311&cpt=8"></param><param name="allowfullscreen" value="true"></param><embed src="http://eplayer.clipsyndicate.com/cs_api/get_swf/" flashvars="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019857&wpid=311&cpt=8" type="application/x-shockwave-flash" allowfullscreen="true" width="320" height="260"></embed></object> NYSE:GS Business,Economy,Banking http://player.clipsyndicate.com/view/1778/1019857 http://player.clipsyndicate.com/view/1778/1019660 <table border="0" cellpadding="0" cellspacing="0"><tr valign="top"><td><a href="http://www.clipsyndicate.com/video/playlist/1778/1019660?cpt=8&wpid=311"><img src="http://video-static.clipsyndicate.com/cs-video/vol2/2009/7/14/58/351/7d14023e-943a-4a22-87f4-a86a0103c4cb_120x90.jpg" width="120" height="90" border="0" /></a></td><td style="padding:5px;">Interview and discussion with President of Kohn Pedersen Fox Associates Paul Katz. He talks about the global architecture activity, civil contracting and building designs. (Asia Confidential)</td></tr></table><img src="http://feeds.feedburner.com/~r/clipsyndicate_channel/1778/~4/D4zG-xmvkYw" height="1" width="1"/> http://feedproxy.google.com/~r/clipsyndicate_channel/1778/~3/D4zG-xmvkYw/1019660 Tue, 14 Jul 2009 03:50:09 +0000 Recalibration Of Architectural Priorities Interview and discussion with President of Kohn Pedersen Fox Associates Paul Katz. He talks about the global architecture activity, civil contracting and building designs. (Asia Confidential) http://www.clipsyndicate.com/video/playlist/1778/1019660?cpt=8&wpid=311 Bloomberg most of you, yours truly included, knows what it has done. eating less beef. the recession has in many ways an unintended positive effect on the whole concept to building design and civil contracting. foreclosure signs dot the landscape in the u.s. hello, paul. >> hi, how are you? >> how can bad times, rough economies have a positive impact on the way we build the things that house us and surround us? >> well, the design of cities and buildings requires a much longer perspective than most businesses and i think in the recent years we were planning and building too quickly and much faster than any pace in past history and i would dare say some of the design and construction was a little bit irresponsible and now we have a little bit more time to plan for the future. >> and what does the future look like? are we going back to the dives drab civil service designed, boring, innocuous kind of dull, drab buildings? >> no, i don't think so. for example, one of the activities that we were recently talking about was to renovate older buildings, more heritage buildings rather than taking them down build larger projects so maybe the scale of projects are going to be smaller. maybe there is going to be more variety. some of that might be building a better future. >> what are the trends now going on. we're here in hong kong. the three of us could look across and it looks like they are ready to top out to i.c. it has been under construction for so long. you know, there is a lot of talk about the canyon effect. about the lack of circulation and you get a lot of efficient swiss so-called vertical cities. that has been sort of the trend. is that the wave of the future? >> i think personally and our country believes that -- one of the most difficult problems we pace in emerging markets and of course -- face in the emerging markets. that is a huge user of energy. we feel that tall buildings and compact cities work against. the tall building and the density allows for a kind of lifestyle much more suited to what werked look forward to noon the future. >> i always thought that any building that went over 30 or 40 stories because of the elevators were less economical. >> i always thought the tall buildings were trophies. receiver if you look at the build -- if you look at the buildings, you compare a 50-story building to a $100 story building. 100-story building requires 50% more investment. if you get a compact neighborhood and look at a cluster of buildings together then you're saving in other things like infrastructure. people walk between buildings. if you imagine new york city, and the density of new york city, it is actually -- economic a.m. one of the difficulties we have had is that many people plan too many tall buildings together and they see them in isolation rather than in combination with medium rise and low buildings. you need the variety. >> we were talking earlier with one of the south korean presidential committee heads. the green go green initiative. they just announced several days ago they are going to spend $80 billion to green up. how has this renewed focus on green in hong kong? we have to pay for plastic bags, god forbid. >> we're way behind. >> people were using paper bags bathe way. renewable -- by the way. which are renewables. >> i was having lunch in a green restaurant the other day which used the green materials from top to bottom. i thought this is kind of cozy actually. >> we will have to rethink our priorities and there is going to be a need to change the lifestyle. i think people are actually looking forward to it after years of increasing wealth and it is an appeal to using less. >> how is the industry faring with this? when you're bringing proposals and it is very expensive to come up with one, too. huge numbers of staff. 3-d holographic imaging. the end user, the client is more and more demanding and they want more bang for the buck. >> you have to work harder to win projects but on the other hand people are more careful on who they celebrity because they are thinking more carefully who they are hiring because so one likes to think they will pick people because they are better and they will grave -- select people who are better and lie like to gravitate to quality. >> india the buzzing ground for you. >> those are countries that really need buildings. all sorts of building and public transportation and they are looking to join the rest of the world and enrich their lifestyles. >> what do you think about dubai? >> dubai? i think the biggest problem with dubai is there was a lack of a master plan. that there was too much focus on the objects and not the spaces between the buildings and the most important thing is not to focus on the height of the building but to focus on what it is like between the buildings, what happens to gardens, the parks, the public space, the commonwealth, which singapore does so well. it is a great model. you lived in singapore you mentioned earlier. i think it is one of the best planned cities for the individual. >> thank you so much for joing us. appreciate your time. thank you all for watching "a.c.." matsui, i hope you got a good answer from mark here. we want to keep hearing from you. remember our e mail handle, asiaconf@bloomberg.net. <object width="320" height="260"><param name="movie" value="http://eplayer.clipsyndicate.com/cs_api/get_swf/"></param><param name="flashvars" value="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019660&wpid=311&cpt=8"></param><param name="allowfullscreen" value="true"></param><embed src="http://eplayer.clipsyndicate.com/cs_api/get_swf/" flashvars="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019660&wpid=311&cpt=8" type="application/x-shockwave-flash" allowfullscreen="true" width="320" height="260"></embed></object> Business,Economy,Construction http://player.clipsyndicate.com/view/1778/1019660 http://player.clipsyndicate.com/view/1778/1019625 <table border="0" cellpadding="0" cellspacing="0"><tr valign="top"><td><a href="http://www.clipsyndicate.com/video/playlist/1778/1019625?cpt=8&wpid=311"><img src="http://video-static.clipsyndicate.com/cs-video/vol2/2009/7/14/58/351/738a8ea7-4c2e-4fad-aed6-7b1219c4f881_120x90.jpg" width="120" height="90" border="0" /></a></td><td style="padding:5px;">Biggest bank in Japan rebounds for the first time in seven sessions the top performer on Japanese bank is up by 4%. (Asia Confidential)</td></tr></table><img src="http://feeds.feedburner.com/~r/clipsyndicate_channel/1778/~4/uzxjBiuE6jw" height="1" width="1"/> http://feedproxy.google.com/~r/clipsyndicate_channel/1778/~3/uzxjBiuE6jw/1019625 Tue, 14 Jul 2009 03:01:43 +0000 Japan's Biggest Bank Rebounds For The First Time Biggest bank in Japan rebounds for the first time in seven sessions the top performer on Japanese bank is up by 4%. (Asia Confidential) http://www.clipsyndicate.com/video/playlist/1778/1019625?cpt=8&wpid=311 Bloomberg picking those up. looks like there is a certain earnings optimism that is bubbling into the market. tell us all about it. >> most asia benchmark indexes are rising today with companies raising growth targets and a sea of gray today pushing nikkei to rebound for the first time in 10 sessions. singapore's recession coming to an end in the second quarter. here are some of the companies rising today with better forecasts for their company outlook. komatsu rising more than 6% today. the nikkei saying it is likely operating profits for the second quarter. posco saying that output for this year may be higher than forecast. sony and japan rising on a weakening yen. goldman sachs has come to the rescue in asia today. banking stocks rising after meredith whitney recommended buying shares of goldman sachs, the only buy rating she gave over the ones she covered. japan's biggest bank rebounded for the first time in seven sessions. one of the top japanese banks -- the top performing up more than 4% and you see the d.b.s. also rising more than 1% as well. that is the sea of green that i have to show you today. we'll have to see if those green shoots will last with them. consumer demand still a question of whether that will be able to be higher. >> i thought we banned the term green shoots from our program forever and ever and ever. it is amazing what one can do in these markets. nary a red a arrow out there. not a lot of delineation or polarizeation. >> definitely a lot of -- a sea of green with all the markets up today and especially because of this positive outlook and a lot of positive momentum that we have been getting from singapore and china and optimistic outlook on the g.d.p. forecast there as well because there are coming up with g.d.p. figures on thursday and a lot of analysts are saying it <object width="320" height="260"><param name="movie" value="http://eplayer.clipsyndicate.com/cs_api/get_swf/"></param><param name="flashvars" value="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019625&wpid=311&cpt=8"></param><param name="allowfullscreen" value="true"></param><embed src="http://eplayer.clipsyndicate.com/cs_api/get_swf/" flashvars="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019625&wpid=311&cpt=8" type="application/x-shockwave-flash" allowfullscreen="true" width="320" height="260"></embed></object> SEO:005490, TYO:6301, TYO:7261, SHA:601398, TYO:8411, NYSE:DBS Business,Economy,Stock Market,Banking http://player.clipsyndicate.com/view/1778/1019625 http://player.clipsyndicate.com/view/1778/1019614 <table border="0" cellpadding="0" cellspacing="0"><tr valign="top"><td><a href="http://www.clipsyndicate.com/video/playlist/1778/1019614?cpt=8&wpid=311"><img src="http://video-static.clipsyndicate.com/cs-video/vol2/2009/7/14/58/351/bd4a3157-4b67-49df-933f-74c3ac721bea_120x90.jpg" width="120" height="90" border="0" /></a></td><td style="padding:5px;">Hyundai Mobis shareholders approve the autonet purchase and Citigroup says that Kia should benefit most as U.S auto industry is at the bottom. (The Bloomberg Edge)</td></tr></table><img src="http://feeds.feedburner.com/~r/clipsyndicate_channel/1778/~4/dVjnUM21LTQ" height="1" width="1"/> http://feedproxy.google.com/~r/clipsyndicate_channel/1778/~3/dVjnUM21LTQ/1019614 Tue, 14 Jul 2009 02:32:25 +0000 South Korea's Auto Stocks Hyundai Mobis shareholders approve the autonet purchase and Citigroup says that Kia should benefit most as U.S auto industry is at the bottom. (The Bloomberg Edge) http://www.clipsyndicate.com/video/playlist/1778/1019614?cpt=8&wpid=311 Bloomberg and on to korea's auto sector. the government there upgraded its g.d.p. forecast. joing us there, the number one ranked nalt analyst for hyundai. good to have you with us. do you feel like hyundai does much or more so now following the improving economic backdrop there in south korea? >> sffl, i prefer them because we are seeing a structure improvement there. in the past time they have been traded at -- because they have a high -- highly depend on the seattle from the motor group. we are seeing them now. they are expanding their customer base to noncaptive automakers including b.m.w. they announced a contract with chrysler to supply head lamps for their production. so we're seeing them now and also we're seeing that increasing contribution from the core parts which there is a high margin and coupled with customer-base extension we think that -- trigger for the rerating of the -- going forward. they need address the competition. they just merged with its affiliate. do you think this is a big help in keeping competion away? >> if you look at the recent -- profit/loss statement they are also suffering from the poor profitability alongs with their parent company. also in the european parts makers and the u.s. parts makers are also suffering from the poor profitability. among the oldest global parts makers we think mobus the only the only one generating -- in this recessionary time. given the fact that -- given the fact that global auto ombings e.m.'s and parts makers are suffering from poor profitability we think -- once in a lifetime chance for the mobis to increase their market share in the global auto market. >> there has been some concern about the prices mo binch s paid for aught net. they think it has -- for auto net. they think it has been too high. >> we are expecting that for the next two years maybe there was some delusion rise more than 10% for mobis shareholder. we think that the synergy from the -- will be larger than that to have delusion because auto net is now producing car electronic parts and that's going to be a future growth engine for the mo binch s. also -- mobis. they are starting their new motorcycles with the -- and we expect that more and more vehicles will be equipped with more parts and core parts and that is going to be a long-term growth engine for hyundai mobis. we recommend to buy at this point. we definitely expect that -- rerating of the hyundai mobis share price going forward. >> talk about hyundai motor here. it has been a mixed picture for that company in june. the high margin domestic sales up to a record 75,000 units. overseas it was stagnant dipping about 1%. are you expecting a better outlook in the second half for hyundai motor or not? >> ok. in cyclical twine both hyundai and kia -- in twine both hyundai and kia -- effective from may twine. there was kind of in the -- there was kind of in a -- for the in the domestic market. while the domestic market -- sales performance in june month but as you mentioned exports -- still stagnated because in the key markets including the european market and the u.s. market the -- are -- but in moving into second half of 200 it 9, we expect the third quarter, may plaung more than 20% -- plunge more than 20%. in first quarter we are seeing that their domestic -- will recover somewhat because there is a -- for the domestic market and also we are expecting that the exporter will be recovered somewhat will -- second half 2009. >> look at the price above value analysis for hyundai motor. you they that is a way of rating the company. how come? >> you look at the -- they are very -- the currency rate. we don't think that any earnings is not appropriate to -- korean automakers. that's why we are valuing -- price <object width="320" height="260"><param name="movie" value="http://eplayer.clipsyndicate.com/cs_api/get_swf/"></param><param name="flashvars" value="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019614&wpid=311&cpt=8"></param><param name="allowfullscreen" value="true"></param><embed src="http://eplayer.clipsyndicate.com/cs_api/get_swf/" flashvars="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019614&wpid=311&cpt=8" type="application/x-shockwave-flash" allowfullscreen="true" width="320" height="260"></embed></object> SEO:005380, TYO:7203,TYO:7267, NSE:NISSAN, Business,Economy,Automotive http://player.clipsyndicate.com/view/1778/1019614 http://player.clipsyndicate.com/view/1778/1019603 <table border="0" cellpadding="0" cellspacing="0"><tr valign="top"><td><a href="http://www.clipsyndicate.com/video/playlist/1778/1019603?cpt=8&wpid=311"><img src="http://video-static.clipsyndicate.com/cs-video/vol2/2009/7/14/58/351/fe0bb903-5cbe-4871-84e3-0f30813f8a04_120x90.jpg" width="120" height="90" border="0" /></a></td><td style="padding:5px;">Merrill raises Foster's to buy for the earnings from wine and beer are expected to rise. (The Bloomberg Edge)</td></tr></table><img src="http://feeds.feedburner.com/~r/clipsyndicate_channel/1778/~4/PHquzi8hgjk" height="1" width="1"/> http://feedproxy.google.com/~r/clipsyndicate_channel/1778/~3/PHquzi8hgjk/1019603 Tue, 14 Jul 2009 02:24:24 +0000 Foster's Gains On First Merrill Lynch Buy Rating Merrill raises Foster's to buy for the earnings from wine and beer are expected to rise. (The Bloomberg Edge) http://www.clipsyndicate.com/video/playlist/1778/1019603?cpt=8&wpid=311 Bloomberg and city group reporting earnings this week. cathy? >> thank you so much for thatup date. time now take a look at some upgrades and downgrades. some banks got upgrade bid jpmorgan. credit losses will sflink the next two to three years. overin japan, sapporo got rated a buy. right now kirin shares are trading higher, nearly 2%. fosters up the most most in sydney trading. robert joins us from melbourne for more on this story. why is merrill lynch recommending fosters now? >> well, the view taken by merrill lynch is that things can only get better for fosters from here on phenomenon n. the market value of $9.5 billion australian dollars. merrill lynch takes view that it is -- the beer section is worth $12 million alone. most of the hard work is behind fosters. most of what they consider to be mistakes made by fosters management are being fixed and they are more upbeat about the company's prospects. >> where do they expect the stock to go up now? the stock has rallied more than 3% today. >> about $6.50. about 20% higher than where it was. they are expecting shares to rise toward that range. they feel with a pretty low debt levels and certainly high cash generation levels, fosters can only start getting more and more acceptance in the market. they are trying to revive earnings from the wine side while continuing to be the dominant beer player in australia. they should have a pretty good run on the share market. >> ok. good to speak with you. thank you so much for that update. fosters in the news in <object width="320" height="260"><param name="movie" value="http://eplayer.clipsyndicate.com/cs_api/get_swf/"></param><param name="flashvars" value="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019603&wpid=311&cpt=8"></param><param name="allowfullscreen" value="true"></param><embed src="http://eplayer.clipsyndicate.com/cs_api/get_swf/" flashvars="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019603&wpid=311&cpt=8" type="application/x-shockwave-flash" allowfullscreen="true" width="320" height="260"></embed></object> TYO:2501, TYO:2502, NYSE:MER,TYO:6794 Business,Economy,Manufacturing,Banking http://player.clipsyndicate.com/view/1778/1019603 http://player.clipsyndicate.com/view/1778/1019577 <table border="0" cellpadding="0" cellspacing="0"><tr valign="top"><td><a href="http://www.clipsyndicate.com/video/playlist/1778/1019577?cpt=8&wpid=311"><img src="http://video-static.clipsyndicate.com/cs-video/vol2/2009/7/14/58/351/4fc62410-b639-43b7-8beb-7b7b500650b7_120x90.jpg" width="120" height="90" border="0" /></a></td><td style="padding:5px;">The prime minister of Japan has two weeks to build public support before the national election. (The Bloomberg Edge)</td></tr></table><img src="http://feeds.feedburner.com/~r/clipsyndicate_channel/1778/~4/Wk3YZjcD9rg" height="1" width="1"/> http://feedproxy.google.com/~r/clipsyndicate_channel/1778/~3/Wk3YZjcD9rg/1019577 Tue, 14 Jul 2009 02:16:54 +0000 Japan's Lower House Election Is On August 30 2009 The prime minister of Japan has two weeks to build public support before the national election. (The Bloomberg Edge) http://www.clipsyndicate.com/video/playlist/1778/1019577?cpt=8&wpid=311 Bloomberg so much for those recommendations. daniel maker, rirae in hong kong. >> two weeks to build public support before the national elections. what now, mike? >> we haven't got a manifesto yet from either of the parties, the liberal democrat or the main democratic party of japan. they have to convince the public what it takes to lead the country out of recession. even though they -- they are overwhelmingly in favor of the d.p.j., analysts say the d.p.j. does still have to prove itself capable of ruling. >> what we actually need to focus on -- rising productivities. unfortunately both parties don't seem to be -- that kind of thing. people are frustrated fating the -- tough economic conditions. they seem to be interested in a -- money more directly and to help them from the -- viewpoint. >> anyway, this may mean more fiscal stimulus, whichever party wins. morgan stanley raised its target price on japan's largest electronics retailer by 34% to $7800 yen. the government is offering credits to people to buy energy-fishts appliances. morgan stanley says that will raise demand more than the market expects. also keep an eye on the leading internet operator, yamada. not a lot of time raise cash for the campaign. >> not with two weeks ago. things <object width="320" height="260"><param name="movie" value="http://eplayer.clipsyndicate.com/cs_api/get_swf/"></param><param name="flashvars" value="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019577&wpid=311&cpt=8"></param><param name="allowfullscreen" value="true"></param><embed src="http://eplayer.clipsyndicate.com/cs_api/get_swf/" flashvars="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019577&wpid=311&cpt=8" type="application/x-shockwave-flash" allowfullscreen="true" width="320" height="260"></embed></object> TYO:9831, NYSE:MS, JSD:4755 Business,Economy,Retail,Government & Politics,Politics - International http://player.clipsyndicate.com/view/1778/1019577 http://player.clipsyndicate.com/view/1778/1019548 <table border="0" cellpadding="0" cellspacing="0"><tr valign="top"><td><a href="http://www.clipsyndicate.com/video/playlist/1778/1019548?cpt=8&wpid=311"><img src="http://video-static.clipsyndicate.com/cs-video/vol2/2009/7/14/58/351/d89c16c3-c589-4878-9e8b-0d7bc6019771_120x90.jpg" width="120" height="90" border="0" /></a></td><td style="padding:5px;">The index is broken down in to 10 industry groups, the telecom industry has lost more than 6% this year and the only groups that are not performing well are the health care and utility stock. (The Bloomberg Edge)</td></tr></table><img src="http://feeds.feedburner.com/~r/clipsyndicate_channel/1778/~4/6oDPB6fpyeI" height="1" width="1"/> http://feedproxy.google.com/~r/clipsyndicate_channel/1778/~3/6oDPB6fpyeI/1019548 Tue, 14 Jul 2009 02:01:07 +0000 Asian Telecom Stocks The index is broken down in to 10 industry groups, the telecom industry has lost more than 6% this year and the only groups that are not performing well are the health care and utility stock. (The Bloomberg Edge) http://www.clipsyndicate.com/video/playlist/1778/1019548?cpt=8&wpid=311 Bloomberg the experts for you. we have a quick oversue view of stocks. >> -- overview of stocks. >> the index is broken down into 10 industry groups. the telecom index has lost more than 6% this year. the only groups doing worse are health care and energy stocks. not only is japan's number one mobile phone company getting hurt by the recession, others are eating into docomo. telecom asia leads the way followed by india's idea cellular. telecom stocks can be viewed as dividend plays. in fact, telecom, malaysia, globe telecom have some of the highest yields in the index. telecoms could be considered cheap compared to other asian industry groupings. the telecom dividend yields plays 2 percentage points more than info tech, materials and consumer discretionary stocks. for technical investors, the telecom index has passed an important threshold. the 30-day moving average broke above the 200-day moving average. >> sounds like an opportunity there. our next guest said there is money to be made this this sector. good to have you with us, dan. so is the sector -- it has gone down by so much already. >> we're quite defensive. we see the earnings in the telecom sector i think on mcia forecast rise about 5% next year compared to the overall earnings growth of about 20% for next year. we don't necessarily see it as a screaming buy. >> not yet. not at this point. people have got to wait a little bit more because we're seeing a correction in the broader market. >> in the last few weeks, telecoms have probably outperformed. there are some stocks we like and some we don't like. overall we're quite defensive on the sector. >> you mentioned that you don't expect much earnings growth from the mcia telecom stocks but are there any areas that will grow? where can there be earnings growth? >> the earnings growth, you look back a few years ago there was earnings growth in china. indonesia, india, certainly but the earnings growth is slowing in most of those markets. i think the sector is becoming -- it is becoming more defensive. >> would you say they are kind of like utilities now? purely dividend players? >> mostly yes. probably from emerging markets where there is still some growth but in general very much, utilities. >> you like star -- the best. >> we think the company is very well managed. the management team has been there for quite sometime. i think investors are comfortable with that team. it has a good track record. they are in pay tv and residential broad band and mobiles and probably the draw at the moment is the business services division which has been growing earnings. it has taken about 60% of the earnings growth over the last two years. it is not a part of the business that is very well researched. there is no public pricing or market shares. those numbers have been ramping up so we see that as a positive part of the business and look for stocks quite cheap. over 8% dividend yield. it is not going to be a screaming double your earn information two years spot. >> speaking about earnings. they are coming out on thursday. what are you expecting? >> mobile one's earnings coming out on thursday. they are a stock we don't like as much in that singapore space. i think the earnings coming out on thursday are not going to be that great despate the fact that competion in the singapore market has come out this year. we think the earnings this year are not -- this period are not going to be great. >> you mentioned some of the smaller players in singapore there. do you expect some of these companies to be expanding overseas? are there some targets out there? do you see any and who would be the potential buyers and takeover targets? >> this is the big deal you're looking at this the industry at the moment is the -- i think it has an exclusive negotiate -- negotiating arrangement until the end of this month. apart from that it is not quite obvious where the new takeover targets are going to be. i think a lot are looking at investing in emerging markets. it is not obvious where it is going to come from. in india, a lot of consolidation. >> i know you're recommending a trade involving star hub. what sort of money can be made from this? >> we think it is a long term call. it is something that we have seen mobile one has been losing market share for quite sometime. star hub has been -- gained market share for probably three or four years from 2005, 2006. maintaing shares. probably you can look at 20 or 30 cents each way on each of the stocks. >> starhub about $210 singapore dollars. how quickly do you think it can get there now that the government has already raised the economic growth forecast? >> you look at the first quarter, there, the sector was up 3% in terms of revenues and the economy was down 10% so i'm not sure it is that -- but certainly the economy rebounding and that could help. i think one thing that may help is the -- once the e.p.o., -- negotiating around -- happened in the seventh time frame that has been an overhang over the starhub stock price. at once zeal negotiated the other way it might clear the path for the stock to move up. >> for a telecom company is there any reason at this point for investors to buy telecom's focus on fixed line business? >> felice the singapore market -- at least in the singapore market that i'm looking at now, mobile business have been the ones doing much better. you know, the fixed line of business itself is not growing very fast at all and in decline in most markets but i think having that with mobile. >> we'll be back <object width="320" height="260"><param name="movie" value="http://eplayer.clipsyndicate.com/cs_api/get_swf/"></param><param name="flashvars" value="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019548&wpid=311&cpt=8"></param><param name="allowfullscreen" value="true"></param><embed src="http://eplayer.clipsyndicate.com/cs_api/get_swf/" flashvars="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019548&wpid=311&cpt=8" type="application/x-shockwave-flash" allowfullscreen="true" width="320" height="260"></embed></object> SIN:CC3, SEO:037620, PSE:GLO, SIN:Z74 Business,Economy,Telecom http://player.clipsyndicate.com/view/1778/1019548 http://player.clipsyndicate.com/view/1778/1019516 <table border="0" cellpadding="0" cellspacing="0"><tr valign="top"><td><a href="http://www.clipsyndicate.com/video/playlist/1778/1019516?cpt=8&wpid=311"><img src="http://video-static.clipsyndicate.com/cs-video/vol2/2009/7/14/58/351/ac916f2b-04da-422a-ba42-b388a07f40c6_120x90.jpg" width="120" height="90" border="0" /></a></td><td style="padding:5px;">Shipping stocks in Asia have surges China's shipping container is up by 67%, Orient overseas jump by 78% and Cosco holding is up by 52%. (The Trade)</td></tr></table><img src="http://feeds.feedburner.com/~r/clipsyndicate_channel/1778/~4/QtaWDg9_hv0" height="1" width="1"/> http://feedproxy.google.com/~r/clipsyndicate_channel/1778/~3/QtaWDg9_hv0/1019516 Tue, 14 Jul 2009 01:37:18 +0000 Asian Shipping Stocks Shipping stocks in Asia have surges China's shipping container is up by 67%, Orient overseas jump by 78% and Cosco holding is up by 52%. (The Trade) http://www.clipsyndicate.com/video/playlist/1778/1019516?cpt=8&wpid=311 Bloomberg slide in the baltic dry index coming to an end. it fell the lest of the night in its nine-day drop potentially signaling a rebound in shipping demand in coming weeks when new demand of steel is part of that. looking at shipping stock this is year. most of them have surged. china's shipping container up by 67%. orient overseas jumping by 78% and cosco holdings up at 52%. the shipping industry sector suffering in the global downturn. the business of making and owning a super yacht is not what it used to be as there's a slump in the recession. the $11 billion yacht industry is forecast rates by a 1/3. one italian shipbuilder has hit on a new formula to beat the slowdown. >> this sleek super yacht is the ocean emerald. $21 million worth of sea going luxury making waves in the world of the superrich. for around $2.5 milion each, eight timeshare owners can take their turn at the helm. the world famous british architect who designed the boat says it was ambitious from the start. >> it's a complete reexamination of the concept of a fast motor yacht, for the first time there is as much space outside with many different decks, seven decks, offering an extraordinary range of outside spaces, offering privacy, discretion, luxury, variety. >> the italian shipbuilders rodriguez, novali dreamed up the plan before the financial storm but the crisis hasn't thrown potential owners offcourse. >> when the progress was started there was no crisis but thought it was a good solution for a ship owner. but now after the crisis, i do not own an entire yacht. >> the ocean emerald is the first of 10 super yacht time shares planned by the italian shipbuilders. the first three have already sold out. >> you're more concerned about the lifestyle of the individual. and in the end this is all about lifestyle. >> even in a recession it sems the glamorous life on the ocean waves is still within reach. at least for a few. terry kuny, <object width="320" height="260"><param name="movie" value="http://eplayer.clipsyndicate.com/cs_api/get_swf/"></param><param name="flashvars" value="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019516&wpid=311&cpt=8"></param><param name="allowfullscreen" value="true"></param><embed src="http://eplayer.clipsyndicate.com/cs_api/get_swf/" flashvars="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019516&wpid=311&cpt=8" type="application/x-shockwave-flash" allowfullscreen="true" width="320" height="260"></embed></object> SHA:601919, HKG:0316, SHA:601866 Business,Economy,Transportation http://player.clipsyndicate.com/view/1778/1019516 http://player.clipsyndicate.com/view/1778/1019468 <table border="0" cellpadding="0" cellspacing="0"><tr valign="top"><td><a href="http://www.clipsyndicate.com/video/playlist/1778/1019468?cpt=8&wpid=311"><img src="http://video-static.clipsyndicate.com/cs-video/vol2/2009/7/14/58/351/43709513-36f0-456d-baf4-ea6b7a6abc24_120x90.jpg" width="120" height="90" border="0" /></a></td><td style="padding:5px;">Whitney says that Goldman Sachs may reach $186 per share and it can beat the analyst earnings estimates in 14 of the last 15 quarter. (The Trade)</td></tr></table><img src="http://feeds.feedburner.com/~r/clipsyndicate_channel/1778/~4/CewQBoeWvnQ" height="1" width="1"/> http://feedproxy.google.com/~r/clipsyndicate_channel/1778/~3/CewQBoeWvnQ/1019468 Tue, 14 Jul 2009 01:33:48 +0000 Goldman Sachs Soars Whitney says that Goldman Sachs may reach $186 per share and it can beat the analyst earnings estimates in 14 of the last 15 quarter. (The Trade) http://www.clipsyndicate.com/video/playlist/1778/1019468?cpt=8&wpid=311 Bloomberg to 70% and though sales growths have slowed the trading is up by.8% for tsingtao. coldman sacks reports earnings tomorrow. michelle has the details. >> hi there. it was a golden day for goldman after banking analysts upgraded oldman sacks. this upgrade is a big deal because meredith whitney has not urged you to buy back in january of last year when she was an analyst at oppenheimer. now she's running her own firm and recommends investors buy the stock now and in fact is her only main recommendation among the eight banks she covers. goldman climbing today. how high does whitney think the stock can go. as to nearly doubling this year whitney thinks government shares could shore 25% from here. that's to 186 a share. >> the question is why, why does she think so? >> whitney thinks goldman will report enormous revenue gains from its fixed income currency and commodity experiences. and whitney expects we'll see a big surprise on the upside. whitney is not the only one who has great expectations here. analysts predict goldman will report a second quarter profit of $3.65 a share. and that would be the largest quarterly profit in two years. analysts say goldman has bonn -- won a lot of business from the collapse of lehman brothers and bear stearns. goldman beat analyst estimates in 14-15 quarters and could see the trend continue tomorrow. we're also keeping an eye on bank of america, jp morgan chase and city group reporting their earnings. it could signal improvement for other banks as wel if signaling for goldman. >> there's a big del analyst meeting in texas and had news from dell after the bell. what's the story there? >> that's right. dell having that analyst meeting tomorrow and ahead of that dell is forecasting a modest decline in growth margins, due in part to higher component costs and an unfavorable mix of products. dell says it will not be passing on the costs to customers and saw dell dropping 3.6%. dell has been up 27% year to date. and we'll have a more indication on the general p.c. markets tomorrow with intel reporting its earnings and haslinda, we will definitely keep you updated with reaction coverage. back to you. >> you <object width="320" height="260"><param name="movie" value="http://eplayer.clipsyndicate.com/cs_api/get_swf/"></param><param name="flashvars" value="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019468&wpid=311&cpt=8"></param><param name="allowfullscreen" value="true"></param><embed src="http://eplayer.clipsyndicate.com/cs_api/get_swf/" flashvars="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019468&wpid=311&cpt=8" type="application/x-shockwave-flash" allowfullscreen="true" width="320" height="260"></embed></object> NYSE:GS, NYSE:BAC, NYSE:JPM Business,Economy,Banking http://player.clipsyndicate.com/view/1778/1019468 http://player.clipsyndicate.com/view/1778/1019459 <table border="0" cellpadding="0" cellspacing="0"><tr valign="top"><td><a href="http://www.clipsyndicate.com/video/playlist/1778/1019459?cpt=8&wpid=311"><img src="http://video-static.clipsyndicate.com/cs-video/vol2/2009/7/14/58/351/e4cdb8cc-286d-43a3-aa95-759a3ac93ccc_120x90.jpg" width="120" height="90" border="0" /></a></td><td style="padding:5px;">Government stimulus and interest rates at 49-year low boost business sentiment. (The Trade)</td></tr></table><img src="http://feeds.feedburner.com/~r/clipsyndicate_channel/1778/~4/n9mJDjdTNyY" height="1" width="1"/> http://feedproxy.google.com/~r/clipsyndicate_channel/1778/~3/n9mJDjdTNyY/1019459 Tue, 14 Jul 2009 01:30:19 +0000 Australian Business Sentiment Soars Government stimulus and interest rates at 49-year low boost business sentiment. (The Trade) http://www.clipsyndicate.com/video/playlist/1778/1019459?cpt=8&wpid=311 Bloomberg and is the first time since 2007 we've got a positive rating for business confidence. the sentiment index rose six points to a rating of four which is a sign optimists now outnumber the pessimists. businesses are more optimistic in their outlook at the economy narrowly avoided a technical recession in the first quarter. billions of government stimulus and interest rates at a 49-year low. better than expected jobless numbers could also help boost sentiment in the coming weeks and months. but there is a big gap that has to clear first. we're expecting our worst company earnings season in 20 years. there are a couple of companies that could defy the downward trend. j.b. hi-fi could produce the best results and so has wotif and offered discounts of 70 pores in luxury hotels all around the world and no wonder no one is paying full price at the hotel roms. now back to you. <object width="320" height="260"><param name="movie" value="http://eplayer.clipsyndicate.com/cs_api/get_swf/"></param><param name="flashvars" value="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019459&wpid=311&cpt=8"></param><param name="allowfullscreen" value="true"></param><embed src="http://eplayer.clipsyndicate.com/cs_api/get_swf/" flashvars="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019459&wpid=311&cpt=8" type="application/x-shockwave-flash" allowfullscreen="true" width="320" height="260"></embed></object> ASX:JBH, ASX:WTF Business,Economy,Technology http://player.clipsyndicate.com/view/1778/1019459 http://player.clipsyndicate.com/view/1778/1019447 <table border="0" cellpadding="0" cellspacing="0"><tr valign="top"><td><a href="http://www.clipsyndicate.com/video/playlist/1778/1019447?cpt=8&wpid=311"><img src="http://video-static.clipsyndicate.com/cs-video/vol2/2009/7/14/58/351/8759196c-808c-4e51-9e5d-dfc06c9dcc7d_120x90.jpg" width="120" height="90" border="0" /></a></td><td style="padding:5px;">Singapore raises gross domestic product forecast up by 24.4% last quarter as the nation emerges from recession. (The Trade)</td></tr></table><img src="http://feeds.feedburner.com/~r/clipsyndicate_channel/1778/~4/Qe8RerZX7AU" height="1" width="1"/> http://feedproxy.google.com/~r/clipsyndicate_channel/1778/~3/Qe8RerZX7AU/1019447 Tue, 14 Jul 2009 01:12:19 +0000 Singapore's Economy Emerges From Its Worst Recession Singapore raises gross domestic product forecast up by 24.4% last quarter as the nation emerges from recession. (The Trade) http://www.clipsyndicate.com/video/playlist/1778/1019447?cpt=8&wpid=311 Bloomberg worst recession in 44 years. the g.d.p. rose an anualized 24.4% last quarter and the government raised its economic forecast for this year. is the worst over for the singapore economy? let's get a reaction from an expert. are we realy out of the woods? >> we are seing improvement in the production. we are seing some level stocking up, restocking and that certainly has helped businesses ramp up in the second quarter. we're seeing some signs of that sustaing to the third quarter itself. but beyond september, we're still not quite sure yet but beyond manufacturing, services site is still patchy. quality of the recovery i think is an issue. >> the question, is it sustainable? you look at what's driven those numbers, they pretty much dropped. it is a cycle. >> it is. >> we know there's a drop and picks up and is not reliable. >> if you take away the headline numbers, the economy contracted by only 3.7%. if you add back what the direct hit elsewhere was the economy would have tanked somewhere around 6% to 8%. which is an improvement from the nearly 10% contraction in the first quarter itself. so the drop effect did exaggerate the state of the rebound in the second quarter. >> how is the export market looking? singapore is reliant on g.d.p. >> i think consistent picture on that front, we continue to see weakness from the european market, in the u.s. market and have seen some recovery among the trade with china which rebounded. indeed, the chinese are importing more resource base material from around the region, be it coal or other minerals as well. but then again, that still is going in reexplore. but until we see a sustainable recovery from the job market, this recovery could continue to be rather volatile with some months of good numbers and some months of weak numbers. >> unemployment, talking about the job market. as far as we know, lots of the foreign workers are leaving the country. how bad is it looking and how bad will it get in the coming months? >> the bad news is following the new entrants joining the labor market and will be tough. the good thing is the government here has ben quite quick after stacking blocks to come out with measures to induce or encourage businesses to retain workers and currently to hire new graduate funds. >> retraining? >> retraing is taking place as well and will help at the margins. and at the end of the day there still will be more people joing the labor force than being employed. we've got a casino opening up soon that wil hire in people. in terms of the overall labor market, it's not going to be as great as what we're seing over the last couple of years. it probably won't be as bad as the previous recession mainly because of the more proactive measures taken. >> what numbers are we looking at as far as unemployment is concerned? look at the u.s., it dropped to 12% or 15% even. >> if you were to take on the surface based on what happened previously, you would expect unemployment rate in singapore to cross 6% and go beyond but now with the measures in place we're not quite sure. it may test the 6% but might fall short because businesses have the flexibility to hire, a lot more flexibility on the wage front as well. so certainly very different environment in the labor market now today than, say, the last recession. >> talking about the recession, we're in a fourth recession in 10 years. the government has attempted to diversify the economy so we won't be -- so we won't slump into a recession so often but doesn't seem to be paying off. is it the right strategy? are we in the right areas of growth? >> i think unfortunately singapore is a small economy, five million people so we're very dependent on the external demand picture itself and because export is a huge chunk of g.d.p. so if exports slump and slump across all product groups, we're going to be seeing this kind of cycle. best we can do as we've sen, some segments may come up better than others, some segments may surprise like the pharmaceutical sector may help in the near term but ultimately still very much on the health of the global economy which singapore will ride when the recovery comes back. >> that is the point. should we be moving away from that dependence? should we be moving away from manufacturing, an export driven economy? >> not very much. you have five million people base to play with. so at the end of the day what we can do and the singapore government can do is build the local demand base but then again how much more can you go, the island is 10 square kilometers, not like indonesia where you have more island. the local demand to some extent haven't ben able to accommodate the slowdowns on the export front. singapore side, i think they can fine-tune, cushion the local economy from the <object width="320" height="260"><param name="movie" value="http://eplayer.clipsyndicate.com/cs_api/get_swf/"></param><param name="flashvars" value="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019447&wpid=311&cpt=8"></param><param name="allowfullscreen" value="true"></param><embed src="http://eplayer.clipsyndicate.com/cs_api/get_swf/" flashvars="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019447&wpid=311&cpt=8" type="application/x-shockwave-flash" allowfullscreen="true" width="320" height="260"></embed></object> Business,Economy,Manufacturing http://player.clipsyndicate.com/view/1778/1019447 http://player.clipsyndicate.com/view/1778/1019433 <table border="0" cellpadding="0" cellspacing="0"><tr valign="top"><td><a href="http://www.clipsyndicate.com/video/playlist/1778/1019433?cpt=8&wpid=311"><img src="http://video-static.clipsyndicate.com/cs-video/vol2/2009/7/14/58/351/a1607849-7f5a-4fa5-aecf-ee6df33d7c9d_120x90.jpg" width="120" height="90" border="0" /></a></td><td style="padding:5px;">Inflation remains extremely benign and the central bank keeps the Singapore dollar stronger and they want to provide a stronger improvement on the external sector of the export side. (The Trade)</td></tr></table><img src="http://feeds.feedburner.com/~r/clipsyndicate_channel/1778/~4/zIFboqdvBss" height="1" width="1"/> http://feedproxy.google.com/~r/clipsyndicate_channel/1778/~3/zIFboqdvBss/1019433 Tue, 14 Jul 2009 01:06:35 +0000 Inflation Remains On Asian Currencies Inflation remains extremely benign and the central bank keeps the Singapore dollar stronger and they want to provide a stronger improvement on the external sector of the export side. (The Trade) http://www.clipsyndicate.com/video/playlist/1778/1019433?cpt=8&wpid=311 Bloomberg months. it's a lot of the economy. thank you for that, heidi. let's bring in my colleague, trish liu and with the singh dollar, given the singh numbers came out this morning, there's been little reaction to the s.d.g. what's happening there? why not? >> traders are saying while the central bank, the m.a.s. may not seek to weaken the singapore dollar as far as bets for that, they don't expect the central bank will be moving to strengthening the currency any time soon. they're saying they need to see the central bank will probably need to see a much stronger improvement in the external sector in the export side of things before they actually will -- -- furthermore, inflation remains extremely benign and one of the reasons the central bank here keeps the singapore dollar strong is to tackle inflation and seems to be no signs of that yet. they're saying the singapore dollar will probably end the year pretty much where it is. i just checked on the bloomberg system and according to our poll year end forecast is 1.6% and we're about there right now. >> it's not so bad because i remember eight years ago it was at 1.8% against the s.g.d. so it could be worse. now, on to other currencies, risk appetite seems to be coming back served on that gold mans led rally on wall street. are traders expecting the risk appetite for high yielders as well as emerging markets currencies to continue today? >> very much so. they're expecting -- i hear on the streets and markets talking about humongous profits from goldman sachs when they report and jp morgan and the i.b.m. and google later this week. traders are getting encouraged given the talk on streets at the moment. the risk appetite for the asian currencies are all up against the board. in new zealand we have the central bank governor saying new zealand economy could be leading the developed nations out of the recession, so that's giving the kiwi a boost as well this morning. back to you, has. >> trish liu, <object width="320" height="260"><param name="movie" value="http://eplayer.clipsyndicate.com/cs_api/get_swf/"></param><param name="flashvars" value="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019433&wpid=311&cpt=8"></param><param name="allowfullscreen" value="true"></param><embed src="http://eplayer.clipsyndicate.com/cs_api/get_swf/" flashvars="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019433&wpid=311&cpt=8" type="application/x-shockwave-flash" allowfullscreen="true" width="320" height="260"></embed></object> Business,Economy,Stock Market,Banking http://player.clipsyndicate.com/view/1778/1019433 http://player.clipsyndicate.com/view/1778/1019409 <table border="0" cellpadding="0" cellspacing="0"><tr valign="top"><td><a href="http://www.clipsyndicate.com/video/playlist/1778/1019409?cpt=8&wpid=311"><img src="http://video-static.clipsyndicate.com/cs-video/vol2/2009/7/14/58/351/9fe89937-a2da-49ed-b6a2-c16f4bf51cec_120x90.jpg" width="120" height="90" border="0" /></a></td><td style="padding:5px;">Australian banking stocks are doing well with the benchmark index up by 2.25%. (The Trade)</td></tr></table><img src="http://feeds.feedburner.com/~r/clipsyndicate_channel/1778/~4/n3dtIxa4IHY" height="1" width="1"/> http://feedproxy.google.com/~r/clipsyndicate_channel/1778/~3/n3dtIxa4IHY/1019409 Tue, 14 Jul 2009 01:04:15 +0000 Australian Resources Stock Rises Australian banking stocks are doing well with the benchmark index up by 2.25%. (The Trade) http://www.clipsyndicate.com/video/playlist/1778/1019409?cpt=8&wpid=311 Bloomberg so far. now back to you. >> mike, thanks. and over in australia, banks boosting the aussie stock market. heidi in sydney with more. >> maybe the banking stocks are doing so well that all the stock brokers are out celebrating with a nice cold beer or i think it's more the case the banks are getting a boost from the vote of confidence in goldman sachs. here's how the top three banking stocks look like, all in the green, green arrows with the benchmark index now up by 2.25%. foster says a rallying as well after australia's largest brewer had its rating to buy from mutual from merrill lynch. another mover in the opposite direction, cochlear who makes hearing implants is toppling after forecasts missed estimates. the commodity stock has a rough couple days, rio tinto over the china spy saga but traders seem to be putting that to one side with rio shares rebounding from yesterday's tumble, up today by about 2.4%. we're also seeing gains of b.h.p. billiton and fortescue is reeling after forest hinted rio tinto's pain might be fortescue's gain if they sell off the iron ore. b.h.b. has delayed the development of the coal mine in queens land. b.h.p. is leading a campaign for billion dollar upgrade of the newcastle coal port which is the biggest in asia. the port, however, did pick up its pace last wek with coal shipts up 1%. i don't know if you've ever seen the newcastle coal port but it's a bit of a bottleneck, two hours north of sydney and on any given day there are ships lined up on the horizon waiting to come into port to load their coal shipments. now back to you. >> being parked in the singapore waters, some of them have been parked there six <object width="320" height="260"><param name="movie" value="http://eplayer.clipsyndicate.com/cs_api/get_swf/"></param><param name="flashvars" value="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019409&wpid=311&cpt=8"></param><param name="allowfullscreen" value="true"></param><embed src="http://eplayer.clipsyndicate.com/cs_api/get_swf/" flashvars="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019409&wpid=311&cpt=8" type="application/x-shockwave-flash" allowfullscreen="true" width="320" height="260"></embed></object> ASX:WBC, ASX:CBA, OTC:NABZY, ASX:RIO Business,Economy,Stock Market,Banking http://player.clipsyndicate.com/view/1778/1019409 http://player.clipsyndicate.com/view/1778/1019400 <table border="0" cellpadding="0" cellspacing="0"><tr valign="top"><td><a href="http://www.clipsyndicate.com/video/playlist/1778/1019400?cpt=8&wpid=311"><img src="http://video-static.clipsyndicate.com/cs-video/vol2/2009/7/14/58/351/8eb8d1f3-cba9-4430-97f5-9d063f717d7d_120x90.jpg" width="120" height="90" border="0" /></a></td><td style="padding:5px;">Financial stocks in Japan rises and the industry has a strong earnings starts with Mizuho up by 4.7% and Sumitomo gains 5.4%. (The Trade)</td></tr></table><img src="http://feeds.feedburner.com/~r/clipsyndicate_channel/1778/~4/e3Se4f-bjXA" height="1" width="1"/> http://feedproxy.google.com/~r/clipsyndicate_channel/1778/~3/e3Se4f-bjXA/1019400 Tue, 14 Jul 2009 01:02:01 +0000 Inside Look On Japanese Stock Financial stocks in Japan rises and the industry has a strong earnings starts with Mizuho up by 4.7% and Sumitomo gains 5.4%. (The Trade) http://www.clipsyndicate.com/video/playlist/1778/1019400?cpt=8&wpid=311 Bloomberg trish on forex watch. first up mike firn with the latest from japan. >> i guess the story is the same across asia, haslinda. financial stocks in japan rising on hopes that the industry will report stronger earnings starting with goldman sachs later today looking at the big three banks, mitsubishi u.f.j. and mizuho up 4.7%, sumitomo gaining 5.4%. now smbc security says japanese banks will have a reshaped recovery this year it. it says that's because they have an oligopoly here in japan, they control the market, the big three, exporters also rising, the yen weakening against the dollar and euro. sony makes half of itself in europe. among the electronics is leading the pack up 5.1%. among the automakers, nissan is leading in gains. the nikkei newspaper says it will raise production capacity in china by 20% and honda by 67%. nissan shares currently up 7.1%. lesser gains from toyota and honda. the nikkei also says rising demand from china for construction equipment helped komatsu return better than the previous quarter. it does say that the demand is more than forecast in japan and europe was partially ofset by gains in emerging markets such as china also by cosco. co-matt sue is -- komatsu is the second largestmaker of construction equipment and the largest rival is hitachi in japan up 4.8%. japan's largest electronics retailer rising after morgan stanley lifted its target price. still got a ways to go at 5430 at the moment. the government is offering people in japan credit to buy energy efficient appliances and morgan stanley said it will lift demand more than the market has forecast <object width="320" height="260"><param name="movie" value="http://eplayer.clipsyndicate.com/cs_api/get_swf/"></param><param name="flashvars" value="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019400&wpid=311&cpt=8"></param><param name="allowfullscreen" value="true"></param><embed src="http://eplayer.clipsyndicate.com/cs_api/get_swf/" flashvars="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019400&wpid=311&cpt=8" type="application/x-shockwave-flash" allowfullscreen="true" width="320" height="260"></embed></object> TYO:7267, NSE:NISSAN, TYO:6301 Business,Economy,Stock Market,Consumer Electronics,Automotive,Banking http://player.clipsyndicate.com/view/1778/1019400 http://player.clipsyndicate.com/view/1778/1019262 <table border="0" cellpadding="0" cellspacing="0"><tr valign="top"><td><a href="http://www.clipsyndicate.com/video/playlist/1778/1019262?cpt=8&wpid=311"><img src="http://video-static.clipsyndicate.com/cs-video/vol2/2009/7/13/58/351/a5bd7a96-69cf-429f-83d1-674bbb604b26_120x90.jpg" width="120" height="90" border="0" /></a></td><td style="padding:5px;">Interview with Liquidnet CEO Seth Merrin (Taking Stock)</td></tr></table><img src="http://feeds.feedburner.com/~r/clipsyndicate_channel/1778/~4/47YC_svaXpY" height="1" width="1"/> http://feedproxy.google.com/~r/clipsyndicate_channel/1778/~3/47YC_svaXpY/1019262 Mon, 13 Jul 2009 21:37:41 +0000 Inside Look - "Dark Pools" Interview with Liquidnet CEO Seth Merrin (Taking Stock) http://www.clipsyndicate.com/video/playlist/1778/1019262?cpt=8&wpid=311 Bloomberg the middle of summer, and the trading is light, or is it. let's bring in the seth, beat ceo of liquinet. we are talking about volume and it is this whole notion -- bullion takes place in a lot of different places. it is not just trading on exchanges, this is about trading off of the exchanges. > that is correct. there are multiple been used today. 10 years ago, there was a monopolistic thing. they were being treated by new types of constituents. >> you talk about dark pools. what are dark pools of trading? >> the exchange is a displayed market. dark pools are not displayed. this is a new way of trading for a different type of constituency. they could have a to order 50,000 share order and when they go down to the exchange's, the average execution size is about 300 shares. that is just a mismatch. if an institution has 250,000 shares against 300 shares on the offer side, we know where the stock is more to go. a dark pools or not display pools. >> if you want to trade these huge blocks, you get to enjoy anonymity. you to place this trade and execute these trades off of the floor with someone who wants to take the other side. does that trade get reported somewhere? does it get factored into the consolidated price? >> that is the thing that is great about the market structure in the united states. every trade has to be reported to re reporting facility within 90 seconds, and that its consolidated up. all trades are represented. >> it seems as a whether you are a buyer or seller, if you are looking a dark pool of liquidity, you want to make sure you are getting the best price. >> all the prices are in the conference of the exchanges. in fact, there is more volume going on. the institutions are piggybacking. everything is done within the confines of the exchanges. it is simply providing another venue that handles a different type of trading. one sizable lot fit all. >> what are you seeing in total trading? > the institutional trading at certainly thrilled of. this is a reflection of what is going on in the market. a lot of institutions plot it well. they may be up 20% and the want to go home. then, the others that did not -- everybody seems to be waiting for more economic news. they want to know what to do. > will they trade more actively? are you seeing different types of traitors? >> absolutely. there is a whole new constituent that has come in that is dwarfing all the other constituents combined. it used to be institutional trading and market trading. that was what made up the trading on the exchanges. today, two-thirds of the trading on none of those. >> what is that due to market volatility? > it is tough to pin point. this could be broken down in trading. it could add liquidity to the market. >> i want to thank you very much. thank you for giving us some details <object width="320" height="260"><param name="movie" value="http://eplayer.clipsyndicate.com/cs_api/get_swf/"></param><param name="flashvars" value="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019262&wpid=311&cpt=8"></param><param name="allowfullscreen" value="true"></param><embed src="http://eplayer.clipsyndicate.com/cs_api/get_swf/" flashvars="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019262&wpid=311&cpt=8" type="application/x-shockwave-flash" allowfullscreen="true" width="320" height="260"></embed></object> Law & Legal Issues,Personal Finance,Business,Economy,Stock Market,Editors Pick http://player.clipsyndicate.com/view/1778/1019262 http://player.clipsyndicate.com/view/1778/1019260 <table border="0" cellpadding="0" cellspacing="0"><tr valign="top"><td><a href="http://www.clipsyndicate.com/video/playlist/1778/1019260?cpt=8&wpid=311"><img src="http://video-static.clipsyndicate.com/cs-video/vol2/2009/7/13/58/351/b28ebc56-2627-4bef-8b90-8bdd874936da_120x90.jpg" width="120" height="90" border="0" /></a></td><td style="padding:5px;">Analysis and Discussion with Christian Thwaites of Sentinel Investments (Taking Stock)</td></tr></table><img src="http://feeds.feedburner.com/~r/clipsyndicate_channel/1778/~4/5azDuO0d5s8" height="1" width="1"/> http://feedproxy.google.com/~r/clipsyndicate_channel/1778/~3/5azDuO0d5s8/1019260 Mon, 13 Jul 2009 21:21:09 +0000 In-Depth Look - How Will Earnings Impact Your Investments? Analysis and Discussion with Christian Thwaites of Sentinel Investments (Taking Stock) http://www.clipsyndicate.com/video/playlist/1778/1019260?cpt=8&wpid=311 Bloomberg big banks are reporting this week, but he says the actual earnings number may not matter that much. he says that is all about earnings and he joins us now. christian, good to have you. you say that we have to look at details of what -- details of what companies earned. >> the markets are being politically driven and economically driven. we have had a lot of sentiment. now it is about what ceos and chief financial officers say about a second quarter earnings. that is one to eliminate a lot of noise from the market. >> the pundits have to be quiet for a while and everyone just looks at the details. >> let them describe what the customers are seeing and what the books are doing. there are some key earnings coming up this week. financials are not the big story. >> to you think they're going to outperform? >> sure, the goldman sachs story is about the fixed income and propriety traing -- trading. >> it is the caterpillars and the nokias, but also latin america at. these are the guys that i'm interested in hearing what they have to say. what are you concerned that the market is trading? where are we headed now? >> i think it is a momentum driven trade. it was really a a fear about inflation. commodities took off. now we are in the deflationary. the bond market has come back pretty quick. there was a nice rally there. i think that in equities, we will see it go bat to good defensive earners. it will be a stock picker's market. >> what pick some stocks. -- let's pick some stocks. talked-about teradata -- talk about teradata. >> it is a spinoff from ncr. it sounds like a pretty mundane business. >> we do not mind mundane. >> it is a 55% margin. any company that gets a 35% return on its equity, that is five times the rate. measured in free cash flow, it is about 12. the thing about this company is that it has some of the bluest chip customers out there. they really have a value added on that. they can be part of the retail chain and the management process. >> is that a sticky relationship? " very, they have a value added service as well. and these guys know their customers very well. their ability to have really high-powered analytics behind their product gives them a real edge. we like that. >> do you ever wonder if i.t. budgets will come down? if you cannot show me a return on invested -- investment capital? >> this is not a traditional i.t. they can see when industry is moving and where it is going and who is buying it. this is not on a weekly or aggregate basis. they provide very high-powered analytics. the value added services are very high. >> when you turn on the lights in the store, you worked turning on the teradata system. >> yes. ibm is an interest part -- is an enterprise software company. >> what about somebody taking them over? >> it is not widely followed on the market. it is about a $4 billion market. >> it is up about 60% this year. >> it has risen with the tech sector. >> do you want to see what happens in the second quarter? >> i do not think we will see a big swing in the second quarter. we have seen or customers of pullback. these customers are fully integrated into their system. >> you have to mark your calendar. we will continue the conversation with christian. we will find out what other companies he likes and the characteristics of a medical supply company. this is "taking stock." >> this is "taking stock." i am pimm fox. he says to focus on focusing on -- is to focus on corporate earnings. we wanted to talk about honeywell. i just had david winters on. he talked about schindler that is based in switzerland and he said that is a global play on infrastructure. honeywell is a great blue chip company based in minneapolis. it has been held back. the story of honeywell is all about aerospace and sensors. it is a play on global infrastructure and it has exposure to third world markets. >> i have to tell you, they made a lot of acquisitions. have they been skeptical? >> definitely. they have been on the acquisition charts and they never seem to integrate very well. the underlying businesses are very strong. the franchise of the company is very good. i think that what we like is the small systems part of it. if one thing will come out of any global trend, it is the ability to have energy savings and everyday office climate control. what a smart resistant? >> smart grid systems. -- > smart grid systems? >> smart grid systems. the other thing we like about honeywell is that they put in the initial systems and there are ongoing revenues to sustain them. >> we have to wait until the 27th of july to get those details. >> that could trade in the midteens. what we like about this is that it is 37% roe. it is able to get a 34% return on its equity. it is a phenomenal testament to management. eventually, that will come through to the investor in the form of capital gains and dividends. it is a good long-term hold. there will be some weaknesses over the long term. > we want to talk about a small cap medical device company. what is it about medical devices right now? >> it is medical devices, but american medical systems is the no. 1 in neurology. the devices have very high margins. they'll also lead in public health. it is a booming business. it is not operations and procedures that people tend to pull off. if they need them, they can to get them. >> it is not affected by so much reform. >> they are also in the minimally invasive side. it helps the productivity of the hospitals. there was a firm the got a new ceo. > thank you very much christian for sharing your thoughts about some companies and focusing on corporate earnings per it is the middle of the summer. volume is drying up. we will tell you the details. >> it could begin at the end of <object width="320" height="260"><param name="movie" value="http://eplayer.clipsyndicate.com/cs_api/get_swf/"></param><param name="flashvars" value="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019260&wpid=311&cpt=8"></param><param name="allowfullscreen" value="true"></param><embed src="http://eplayer.clipsyndicate.com/cs_api/get_swf/" flashvars="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019260&wpid=311&cpt=8" type="application/x-shockwave-flash" allowfullscreen="true" width="320" height="260"></embed></object> NYSE:HON, NASDAQ:AMMS Law & Legal Issues,Health,Personal Finance,Business,Economy,Military/Defense,Banking,Editors Pick http://player.clipsyndicate.com/view/1778/1019260 http://player.clipsyndicate.com/view/1778/1019206 <table border="0" cellpadding="0" cellspacing="0"><tr valign="top"><td><a href="http://www.clipsyndicate.com/video/playlist/1778/1019206?cpt=8&wpid=311"><img src="http://video-static.clipsyndicate.com/cs-video/vol2/2009/7/13/58/351/c7196627-9d14-4b15-9581-b2997418816d_120x90.jpg" width="120" height="90" border="0" /></a></td><td style="padding:5px;">No Human Passengers Allowed on Flight, Just Pets for only $149 One Way Fare (Bloomberg News)</td></tr></table><img src="http://feeds.feedburner.com/~r/clipsyndicate_channel/1778/~4/dHwy1WyKSHg" height="1" width="1"/> http://feedproxy.google.com/~r/clipsyndicate_channel/1778/~3/dHwy1WyKSHg/1019206 Mon, 13 Jul 2009 20:56:43 +0000 PetAirways Takes Off Tomorrow No Human Passengers Allowed on Flight, Just Pets for only $149 One Way Fare (Bloomberg News) http://www.clipsyndicate.com/video/playlist/1778/1019206?cpt=8&wpid=311 Bloomberg i want to get to one very important story. we were talking about airlines all day and the main cargo on one new airline is pets. pet airways will take off with cats and dogs in the main cabin of the plane instead of the cargo hold. the images have to be in carriers. there's no limit though on the size of pets. and no human passengers are allowed, except of course for the pilot and crew. the pet airways will fly to and from baltimore, washington international. midway and chicago, rocky mountain airport and thank you thorne municipal near los angeles and republic airport on long island near right here in new york city. so how much is it going to cost you? one way fare starts at $149 for your dog or cat. <object width="320" height="260"><param name="movie" value="http://eplayer.clipsyndicate.com/cs_api/get_swf/"></param><param name="flashvars" value="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019206&wpid=311&cpt=8"></param><param name="allowfullscreen" value="true"></param><embed src="http://eplayer.clipsyndicate.com/cs_api/get_swf/" flashvars="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019206&wpid=311&cpt=8" type="application/x-shockwave-flash" allowfullscreen="true" width="320" height="260"></embed></object> Law & Legal Issues,Pets & Animals,Personal Finance,Business,Aviation,Travel,Air,Editors Pick http://player.clipsyndicate.com/view/1778/1019206 http://player.clipsyndicate.com/view/1778/1019204 <table border="0" cellpadding="0" cellspacing="0"><tr valign="top"><td><a href="http://www.clipsyndicate.com/video/playlist/1778/1019204?cpt=8&wpid=311"><img src="http://video-static.clipsyndicate.com/cs-video/vol2/2009/7/13/58/351/8b1df8fb-a8a0-4a22-99af-ae1976e03c9a_120x90.jpg" width="120" height="90" border="0" /></a></td><td style="padding:5px;">Zuckerberg an Accidental Billionaire? - Facebook Founder on Front Street on Speculation of Website's Beginnings Revealed in New Book (Bloomberg News)</td></tr></table><img src="http://feeds.feedburner.com/~r/clipsyndicate_channel/1778/~4/GRibJVS0aBs" height="1" width="1"/> http://feedproxy.google.com/~r/clipsyndicate_channel/1778/~3/GRibJVS0aBs/1019204 Mon, 13 Jul 2009 20:46:06 +0000 In-Depth Look - Facebook Founder's Fairy -Tale? Zuckerberg an Accidental Billionaire? - Facebook Founder on Front Street on Speculation of Website's Beginnings Revealed in New Book (Bloomberg News) http://www.clipsyndicate.com/video/playlist/1778/1019204?cpt=8&wpid=311 Bloomberg hacking computers in order to score with girls is how "new york times" best selling author ben mesrick describes zuckerberg in his new book. for who was really responsible for starting facebook let's go to rich and thanks for coming on the show. facebook is massive. i'm sure you're on it. i'm on it, everybody i know is on it. where did this come from, where did it start? >> well, according to the author it started with a desire to met women that mark zuckerberg and a friend of his came up with the idea, first of all, with a site that was designed for students to be able to rate how attractive their classmates were. >> this was at harvard? >> this was at harvard. >> it sounds almost against the rules. i went to antioch college and it was against the rules there. >> well, zuckerberg cracked the codes for the dorms and then he may have well gone in -- in the dead of night and done some firsthand snooping. >> so -- this is a purely nonfiction book. because he's written, i love some of the other boks he's written, "bringing down the house" was a great beach thriller. "ugly americans" is even better book, but you're not sure if it's super historical fact. >> this stretches the definition of nonfiction. at the beginning the author says some of the events were telescoped, some of the quotes are recreated and some of the scenes are clearly imagined. so it sometimes gets hard to tell how much of it is what actually he is saying happened and how much is him making stuff up. >> it's not hard to believe that the motivations behind the beginning of facebook was chasing women because a lot of people use it for the same reason i'm sure. women use it to chase guys as well. who did the author talk to? who did ben mezrich talk to to get this information? >> the most important source that's cited in the book is eduardo savran, who put up some of the early money to get facebook off the ground. there's a lot of information, however n the book that sems to have come directly or indirectly from the wingal bos twins, former harvard students and olympic rowers who were working on a social networking site and seem to have thought that they engaged zuckerberg to do work for their site and instead, they later alleged that some of their ideas and even some of their code wound up in facebook. >> there's been some contention as far as who started facebok and even lawsuit threats. >> have been lawsuits. there was a suit that was settled allegedly for about $65 million involving the brothers. and they suggest that that legal battle is not yet over. >> we'll bring you back on when we hear more on the lawsuit on facebook. rich, by the way, is a columnist, his opinions are his own and not those of bloomberg, but one you'll catch often on this show. <object width="320" height="260"><param name="movie" value="http://eplayer.clipsyndicate.com/cs_api/get_swf/"></param><param name="flashvars" value="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019204&wpid=311&cpt=8"></param><param name="allowfullscreen" value="true"></param><embed src="http://eplayer.clipsyndicate.com/cs_api/get_swf/" flashvars="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019204&wpid=311&cpt=8" type="application/x-shockwave-flash" allowfullscreen="true" width="320" height="260"></embed></object> Law & Legal Issues,Education,Personal Finance,Business,Technology,Science & Technology,Internet,Editors Pick http://player.clipsyndicate.com/view/1778/1019204 http://player.clipsyndicate.com/view/1778/1019067 <table border="0" cellpadding="0" cellspacing="0"><tr valign="top"><td><a href="http://www.clipsyndicate.com/video/playlist/1778/1019067?cpt=8&wpid=311"><img src="http://video-static.clipsyndicate.com/cs-video/vol2/2009/7/13/58/351/524da2b2-c676-436b-81d9-81a635c0b20d_120x90.jpg" width="120" height="90" border="0" /></a></td><td style="padding:5px;">Transportation Stocks on a Dead-End Road? (Bloomberg News)</td></tr></table><img src="http://feeds.feedburner.com/~r/clipsyndicate_channel/1778/~4/reBPznCjj18" height="1" width="1"/> http://feedproxy.google.com/~r/clipsyndicate_channel/1778/~3/reBPznCjj18/1019067 Mon, 13 Jul 2009 20:32:34 +0000 Sector to Watch - Transportation Transportation Stocks on a Dead-End Road? (Bloomberg News) http://www.clipsyndicate.com/video/playlist/1778/1019067?cpt=8&wpid=311 Bloomberg earnings season is as you may have noticed kicking off and market reporter has been keping a score of estimates and revisions during the quarter. she tells us why transportation stocks might be on a dead end road. sheila? >> hi, matt. the transportation sector has not been a prety picture this quarter. we looked at estimates on a week by week basis for the s&amp;p and nine out of 10 names in the transportation sector had their earning estimates cut by natural analysts. on average, a big isue for the companies is volume. the american association of railroad produces a wekly volume report that has been nothing short of depressing. looking at the quarter, eastern railroad is down 24% and the most important freight load factor is coal and coal volumes have taken a beating. so the east coast rails they're down 22%. mild weather in the northeast having a big impact and west railroads is down 7%. >> is there any light though at the end of the tunnel for transportation stocks? >> there might be a little bit of a glimmer of hope, matt. we have to wait until next year though. the second quarter rail shipper survey report was out today. this is versus last quarter's response of minus 1% decline, so some optimism for the future, but on the other hand, expedited international which is part of this took a hit after preannouncing the second quarter this morning. it just wasn't enough and they came in still below concensus. >> alright, thanks sheila. <object width="320" height="260"><param name="movie" value="http://eplayer.clipsyndicate.com/cs_api/get_swf/"></param><param name="flashvars" value="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019067&wpid=311&cpt=8"></param><param name="allowfullscreen" value="true"></param><embed src="http://eplayer.clipsyndicate.com/cs_api/get_swf/" flashvars="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019067&wpid=311&cpt=8" type="application/x-shockwave-flash" allowfullscreen="true" width="320" height="260"></embed></object> Law & Legal Issues,Personal Finance,Business,Economy,Science & Technology,Energy,Coal,Transportation,rail,Editors Pick http://player.clipsyndicate.com/view/1778/1019067 http://player.clipsyndicate.com/view/1778/1019053 <table border="0" cellpadding="0" cellspacing="0"><tr valign="top"><td><a href="http://www.clipsyndicate.com/video/playlist/1778/1019053?cpt=8&wpid=311"><img src="http://video-static.clipsyndicate.com/cs-video/vol2/2009/7/13/58/351/ab04f454-c671-473e-a4ba-45c11ba54b88_120x90.jpg" width="120" height="90" border="0" /></a></td><td style="padding:5px;">Analysis and Discussion with Armored Wolf CIO John Brynjolfsson (Bloomberg News)</td></tr></table><img src="http://feeds.feedburner.com/~r/clipsyndicate_channel/1778/~4/J2sU0FcPLcQ" height="1" width="1"/> http://feedproxy.google.com/~r/clipsyndicate_channel/1778/~3/J2sU0FcPLcQ/1019053 Mon, 13 Jul 2009 20:15:55 +0000 Inflation - Time to Worry? Analysis and Discussion with Armored Wolf CIO John Brynjolfsson (Bloomberg News) http://www.clipsyndicate.com/video/playlist/1778/1019053?cpt=8&wpid=311 Bloomberg we want to talk about inflation but i was going to suggest we bring in john -- at one point the biggest fund in the world. let's bring him in right now. john, thank you for joining us, i wanted to talk to you about the fed and ben bernanke's exit plan. but, you know, kathleen and i are discussing inflation so i thought i'd bring you in early. what are your expectations? >> well, matt, thanks for having me on. you know, we have some inflation reports coming out later this week. t.p.i. will shock people to the upside, something like 1.0 is consensus. i'm looking for 1.2% inflation. but that's a little bit of a head fake. gasoline prices as you'll recall, a month ago, or three weeks ago when the surveys were done were peaking. crude oil prices were peaking. the stock market was looking good back then. and so i wouldn't get head faked by the strong inflation reports coming out this week. >> in fact, john, when you lok at the year over year numbers, the headline on the p.p.i. is suposed to be down more than 5%. and now the core is is at 3% and the c.p.i. is where we see the core forecasted. but stepping back is it fair to say that right now the near-term sensitivities are not toward inflation numbers because people that's the future problem, but more toward the recovery. and if it's creating more vulnerabilities on the other reports? >> exactly, kathleen. when we look back to may, we were looking at treasury yields close to 4% and mortgage rates well of 5%, 5.5% for homeowners and the story since then has been the fact that delevering is taking hold and that's the story of the day and clearly that is very contractionary. we were relatively bearish in july because of the hangover from not only the financial cris more generally, but because of the kind of head fake that we saw in may. > hey, let's talk a little bit since we're on the topic, about the fed's exit strategy. how key do you think we get the fed's exit strategy or do we focus on the recovery at hand? >> i think in the speech this morning, i think it's good to have an exit strategy, but at the same time, that's the last thing that market investors have to worry about right now. we don't need to think about the exit strategy coming out the back end because frankly, the back end could be 2011. and right now, what i would have the fed focus on is what they're going to do to inject liquidity into this system to revive the system. and frankly, we could take a play from the e.c.b. handbook. that would be to talk about low fed funds for an extended period of time. that's the kind of rhetoric we need. >> but john, that's exactly of course what they have been doing. underscoring that at the last meeting and many fed oficials doing that publicly. do they ned to give us an indication that the economy isn't recovering they stand ready to buy more bonds, as you say to inject more liquidity and get deeper through that door? >> that would be -- that would be the message that i would go with. back in 2003, the fed talked about maintaining low rates for an extended period of time. the e.c.b. does term repos out as long as a year. the fed on the other hand has been i think mistakenly talking about being ready to tighten at a moment's notice. and that's not the right message for an economy that has a banking sector, consumer sector, all delevering. >> in a state that's in great trouble, you know, john, i thought of you today because we were doing the california story and you're there and you predicted the train wreck that would hit that state. i'm going to take a quick break and we'll come back. kathleen will stay with us as well. why don't you do the same. we'll se you in two minutes on the other side of the break. >> we are back and speaking with the managing partner and he joining us from irvine, california. i called you today because i heard a legislator talking about they think that in california they can reach some sort of agreement by the end of this week on the budget deficit there. you have predicted a train wreck in california and looks like it's taking effect. banks aren't taking i.o.u.'s from the government anymore and a lot of people maybe can't get any more money from friday is this really unfolding before our eyes? >> well, i see this playing out -- there's a 45-day kind of cooling off period, a 45-day deadline so to speak until about august 15. and i don't expect anything to happen before then. and then on august 15 it's going to be, you know, literally guns to the heads of the unions and guns to the heads of the governor. guns to the head of the taxpayers. and it doesn't look like -- doesn't look good at all. and the gap between the sides is so large. the idea of a settlement by the end of the week is a stretch for sure. >> then how does this play out, john, and how does an investor play it? >> well, i certainly wouldn't be comfortable holding short term california i.o.u.'s or rolling commercial paper in california. the this -- there is no plan. and there is no exit. obama obviously is watching carefully and we can only gues what he's looking at. the idea of a second stimulus plan, of course, plays into this as wel. >> well, we haven't seen -- well, before we talk about the second stimulus plan, we haven't seen the muni bond spread blow out, we haven't seen the g.o.'s go crazy. >> what you see is some buying of some g.o.'s on the long end, but the front end is still vulnerable as you might expect. fundamentally the reason i'm so concerned is that there is -- there is a gap as you raise taxes, you drive business out, you drive wealthy taxpayers out. and that makes the - that makes closing the gap all the more difficult. so it's not like there's an easy solution. >> and second stimulus is not an easy solution either, right, because that's a tough political situation for the obama administration because they haven't shelled out the whole of the first stimulus package. >> you know the government can probably get away without baiting out c.i.t. - without bailing out c.i.t. and you know when it came to organizations like general motors or ford or aig or bank of america that the government did need to step in. california of course is multiple in size of any of those challenges. >> but, you know, some people even in california put some of the blame on the governor's plate for being opposed to any kind of tax increase, even the smallest. is it possible that all of the groups, taxpayers, unions and the governor are realizing they all have to compromise, to come up with some more money and fill a budget deficit that once they all make a little sacrifice maybe isn't so daunting? >> well, i think the sacrifice that they all need to come up with is huge. and the reason i say that is that we have got a budget deficit right now of about $24 billion. and if you look out a year or two years or thre years or five years, i doesn't look like -- it doesn't look like there's anything that would make that better. in fact, there's a lot of mandated automatic increases in spending. that need to be addressed and never mind huge cuts in spending that need to be made. higher taxes. i mean, that can work temporarily, but that's not necessarily part of a long-term solution either. >> at least crude oil is down below $60. it would be a bad thing if that turned around and shot up for california. >> yeah, i mean, we could argue that the high gasoline prices and the high crude prices, the high mortgage rates and other things are the reason that everyone's questioning the recovery and the reason that the second stimulus plan is coming into place. but frankly, $10 drop in crude oil prices is not going to turn around the structural situation that we have. >> gotcha. hey, john, thanks so much for joing us. really appreciate it. <object width="320" height="260"><param name="movie" value="http://eplayer.clipsyndicate.com/cs_api/get_swf/"></param><param name="flashvars" value="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019053&wpid=311&cpt=8"></param><param name="allowfullscreen" value="true"></param><embed src="http://eplayer.clipsyndicate.com/cs_api/get_swf/" flashvars="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019053&wpid=311&cpt=8" type="application/x-shockwave-flash" allowfullscreen="true" width="320" height="260"></embed></object> Law & Legal Issues,Personal Finance,Business,Economy,Government/Municipality,Banking,Government & Politics,Editors Pick http://player.clipsyndicate.com/view/1778/1019053 http://player.clipsyndicate.com/view/1778/1019010 <table border="0" cellpadding="0" cellspacing="0"><tr valign="top"><td><a href="http://www.clipsyndicate.com/video/playlist/1778/1019010?cpt=8&wpid=311"><img src="http://video-static.clipsyndicate.com/cs-video/vol2/2009/7/13/58/351/e9769c33-5f3b-488a-8310-52cfae986741_120x90.jpg" width="120" height="90" border="0" /></a></td><td style="padding:5px;">Treasury Says Bloom to Take Over Auto Task Force From Rattner; S&P Rises 2.4%; Dow Rises 2.25%; Nasdaq Rises 2,1%; CIT Files for Bankruptcy (Bloomberg News)</td></tr></table><img src="http://feeds.feedburner.com/~r/clipsyndicate_channel/1778/~4/toU_8MxBDpg" height="1" width="1"/> http://feedproxy.google.com/~r/clipsyndicate_channel/1778/~3/toU_8MxBDpg/1019010 Mon, 13 Jul 2009 20:00:01 +0000 Market Close 7.13 Treasury Says Bloom to Take Over Auto Task Force From Rattner; S&P Rises 2.4%; Dow Rises 2.25%; Nasdaq Rises 2,1%; CIT Files for Bankruptcy (Bloomberg News) http://www.clipsyndicate.com/video/playlist/1778/1019010?cpt=8&wpid=311 Bloomberg we have the closing bell sounding on this monday, july 13, 2009. the averages pretty much closing at the best levels of the day. the headlines crossing -- >> apparently, steve ratter in will be returning to the private life. looks like the auto czar will be stepping down here. >> right. overseeing all of the turmoil if you will in the auto industry, but mr. radner, his job may be done. he'll be returning to private life. >> here you see the dow closing up 2.75% points to 8310. the nasdaq up more than 2%, 1793. you saw the s&amp;p up 2.5% at 900 and change. let's go down to the ew york stock exchange. >> well, certainly financial stocks dominating the trades today. you know that, we have been talking about it all day. s&amp;p 500 financial and the banking industry, both up more than 5%, both posting their biggest gains since may 18. we saw 72 -- i should say 79 of 80 stocks on that financial higher for the session. so certainly some big gains there. the buy call by meredith whitney is setting the tone for everything. also wanted to give you some of the moves that we are seing in context. the financial stocks are falling for four straight weeks, so gaing a bit of that back. secondly the thing to remember, when you look at the context of the day's session, the volume was very, very light. in fact, when you look at volume, al the u.s. exchanges including the new york stock exchange, it was below 8 billion shares that traded hands. you can get an area of how light -- little participation in the marketplace. >> we're talking with bobby heller earlier, but there was one in particular that did not do so well. >> there was. c.i.t. group, the issue here, bonds plunging for c.i.t., a concern that they won't be able to pay that debt. of course to recap, the lender is trying to get fdic to back the issuing of debt. moody's downgraded the unsecured rate of c.i.t. group and put the long-term rate review on for a downgrade. <object width="320" height="260"><param name="movie" value="http://eplayer.clipsyndicate.com/cs_api/get_swf/"></param><param name="flashvars" value="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019010&wpid=311&cpt=8"></param><param name="allowfullscreen" value="true"></param><embed src="http://eplayer.clipsyndicate.com/cs_api/get_swf/" flashvars="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019010&wpid=311&cpt=8" type="application/x-shockwave-flash" allowfullscreen="true" width="320" height="260"></embed></object> NYSE:CIT Law & Legal Issues,Personal Finance,Business,Economy,Stock Market,Automotive,Banking,Government & Politics,Editors Pick http://player.clipsyndicate.com/view/1778/1019010 http://player.clipsyndicate.com/view/1778/1019000 <table border="0" cellpadding="0" cellspacing="0"><tr valign="top"><td><a href="http://www.clipsyndicate.com/video/playlist/1778/1019000?cpt=8&wpid=311"><img src="http://video-static.clipsyndicate.com/cs-video/vol2/2009/7/13/58/351/7b748696-374c-4b5e-8968-2926f772b733_120x90.jpg" width="120" height="90" border="0" /></a></td><td style="padding:5px;">Interview with Traxis Partners Managing Director Barton Biggs:China GDP Growth Will Outperform (Bloomberg News)</td></tr></table><img src="http://feeds.feedburner.com/~r/clipsyndicate_channel/1778/~4/j4mTj3rzX48" height="1" width="1"/> http://feedproxy.google.com/~r/clipsyndicate_channel/1778/~3/j4mTj3rzX48/1019000 Mon, 13 Jul 2009 19:32:55 +0000 Economic Expectations - Seeing a Decent, "U-Shaped" Recovery Interview with Traxis Partners Managing Director Barton Biggs:China GDP Growth Will Outperform (Bloomberg News) http://www.clipsyndicate.com/video/playlist/1778/1019000?cpt=8&wpid=311 Bloomberg this year's record raly propelled valuations above shares, and the last time they got this expensive was when they began a 12-month tumble and barton biggs called chinese stocks a buy as recently as may. since then they're up 20% since then. barton, thank you for joing us. firstly, i'm wondering if you still think chinese stocks or china is one of the best places to invest after this run-up. >> yes, i do. >> and emerging markets in general, are you concerned about the valuations or do you think that's the place to be? >> well, i mean, i saw your story this morning, and i don't know exactly where you get those valuations. and we tended to look at what we hope are reasonable and conservative estimates of next 12 months earnings. and the stocks - and the markets are not as expensive as you portrayed them. but, yeah, i mean - i still think the emerging markets particularly asia are -- the growth areas of the world and that they're emerging from this financial crisis and economic cris faster and better than any other part of the world. and i think that -- and we tried to do a lot of work on it and we think that -- that the surprise is going to be how strong their recovery is going to be in the next two or 3/4. >> barton, what kind of surprise, in terms of the growth, what do you anticipate based on your analysis and what you're seeing in those areas? >> well, look, each one is different and the specific numbers for each one are different. but i believe that in the case of china, industrial production and g.d.p. growth is going to be two to thre percentage points higher than the consensus. consensus is probably 12%. i think it could be 15, 17%, and i think the same thing applies to industrial production. you go through these various countries and the various markets and the surprises are going to be on the upside. in asia, korea, indonesia. to a certain extent malaysia. taiwan. markets like -- the economies like are all going to do better than people had thought. >> all right. barton, we'll take a quick break here. just a quick commercial break. you will stay with us hopefully. barton biggs on emerging markets. he made the right call on china stocks and on treasuries. we'll talk about that as well. >> all right. we are back with barton biggs who runs atracks us partners. i don't want to spend too much time talking about china, but obviously the stimulus plays over there. are you concerns that they'll run into an inflationary problem, because obviously the growth rates are much higher than we're used to dealing with over here. >> yeah, i'm sure they're going to run into an inflationary problem eventually just like we are. but there's still a huge output gap that is still -- there's still a lot of deflationary pressures in their anies as there is -- economies as there is in ours. there's signs it's declining in china and yes, there will be problems in the long run if the central banks don't mop up the exces liquidity. too far away for me to worry about right now. >> i want to ask you about the treasury trade back in late may. we have seen quite a move into treasuries despite al the supply out there. what's your take on treasuries, are there still opportunities out there? >> no. i don't think so. i mean, the 10-year and then the - the 10-year particularly has had a good move. i think enough's enough. and since i believe that the economic recovery is in place, it may be in the form of a u rather than a v, but al these worries about recovery are misplaced. so in that -- that being the situation, i think we have had a good move in the treasury and in the treasury market and i'd lay off it. >> does that mean you're still hopeful for stocks to continue their rise? i mean, we had kind of a turn around here. you have said you think the s&amp;p should be around 1,000 by the end of the year. do you still see it going there? >> yeah, i do. and maybe a little higher than that. >> aren't you concerned about the labor picture? a lot of people are saying this time it's going to be different, the recovery in this recession. the labor numbers may be a leading indicator, rather than a lagging indicator. it seems like a much worse situation, maybe because we're in it right now. >> no, i think there are some leading indicators of what the employment numbers are that have already started to roll over. like the unemployment claims and things such as that. and actually, some of our work suggests that the new orders part of the p.m.i. is a good leading indicator. and it also is signalling that the -- that we're getting close to the peak in the raw unemployment numbers and it's a number of new people becoming unemployed is beginning to decline. you know, i'm not that concerned about it. >> so barton having said that, we have 40 seconds left here. we have seen quite a pull back in stocks over the last four weeks. would you take that as a buying opportunity? >> yes. >> that was quick. where would you buying since we have another 20 seconds left? >> wel, i mean, i think that -- i stil think that tech in the u.s. is a good buy. and i think that probably asia, some of the asian markets are still attractive. they have al had 10, 12% pullbacks. again, china, hong kong, some markets like that. and then i wouldn't be surprised if japan isn't a buy right now. >> hey, barton -- >> i mean by right now -- >> sory. if you have a minute i liked -- we have to take a quick break but i want to ask you a couple of questions about stimulus, because it's a hot topic and it can change the way that people in the u.s. or - or the way people invest here in the u.s. we'll be right back with more from barton biggs. >> we are back with barton biggs from traxis partners. you are confident in a recovery, you think we'll see a u-shaped recovery but a lot of people say we'll get a bump up as the stimulus enters the economy and then comes back down because the fundamentals are so bad. why do you disagree? >> well, i disagree because i think that the p.m.i.'s and the forward-looking stuff, the forward-looking high frequency data suggests that we are going to get -- not just a stabilization of the economy. but a recovery. in other words, we're not going to have a -- an l-shaped stabilizati stabilization, but more of a u-shaped recovery. i think everybody is, you know, crazy to think that imediately we're going to see definite signs of a resurgence of economic growth. and we're not getting that. i mean, the last four or five weeks retail activity has actually ben pretty soft. but, i mean, that doesn't mean cause me to think that we're not going to get the recovery after all. and for all i know it could be beginning now or it could begin at the end of the summer, who knows, but i think we are going to get a decent recovery and that the -- as i say, that the configuration of it is going to be a u. >> so i mean, are you not concerned about a new norm of only 2% growth? do you think we actually go back to what we're used to with say, you know, 5% unemployment? >> look, we're way below where we were. so i'm talking about the recovery back up to trend line growth. what will trend line in the united states be over the next five years, my guess would be more like 2%. maybe 1.75%, 1.5, 2%, but it will be lower than it has been for -- slower than it has been for a while. it doesn't mean in this recovery stage that we can't have a pretty powerful push off the bottom that we're -- i think where we're emerging from right now. >> hey, barton, 30 seconds left. what's the biggest risk in your view that could change your thinking about the outlok or do you think those risks are off the table? >> well, look, the biggest risk is that something that could happen that would drive up oil prices very significantly. the biggest risk is that something that could happen that would -- that would cause a very sharp rise in the -- in the 10-year interest rate and both of those things would be bad for the consumer and the shape of the recovery that i'm looking for. >> but you don't think -- >> i'm not worried about those - >> you're not? > we hope those things don't happen as well. barton biggs, thank you for joing us. <object width="320" height="260"><param name="movie" value="http://eplayer.clipsyndicate.com/cs_api/get_swf/"></param><param name="flashvars" value="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019000&wpid=311&cpt=8"></param><param name="allowfullscreen" value="true"></param><embed src="http://eplayer.clipsyndicate.com/cs_api/get_swf/" flashvars="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1019000&wpid=311&cpt=8" type="application/x-shockwave-flash" allowfullscreen="true" width="320" height="260"></embed></object> Law & Legal Issues,Personal Finance,Business,Economy,Stock Market,International,Government & Politics,Editors Pick http://player.clipsyndicate.com/view/1778/1019000 http://player.clipsyndicate.com/view/1778/1018893 <table border="0" cellpadding="0" cellspacing="0"><tr valign="top"><td><a href="http://www.clipsyndicate.com/video/playlist/1778/1018893?cpt=8&wpid=311"><img src="http://video-static.clipsyndicate.com/cs-video/vol2/2009/7/13/58/351/a596ace9-8df3-445c-9f8b-12cd9734b339_120x90.jpg" width="120" height="90" border="0" /></a></td><td style="padding:5px;">Emerging Markets at Most Expensive Levels Since 2007; July 8th Fund Outflows Reach $540 Million (Bloomberg News)</td></tr></table><img src="http://feeds.feedburner.com/~r/clipsyndicate_channel/1778/~4/blHBt-Mk7zg" height="1" width="1"/> http://feedproxy.google.com/~r/clipsyndicate_channel/1778/~3/blHBt-Mk7zg/1018893 Mon, 13 Jul 2009 19:24:06 +0000 Too Far Too Fast for Emerging Markets? Emerging Markets at Most Expensive Levels Since 2007; July 8th Fund Outflows Reach $540 Million (Bloomberg News) http://www.clipsyndicate.com/video/playlist/1778/1018893?cpt=8&wpid=311 Bloomberg if you bought emerging market stocks, well, you're sitting pretty. but have shares from brazil to russia gotten too expensive? courtney is back, focusing on this at this hour. >> well, the last time emerging market stocks was this expensive, carol, october 2007. but keep in mind, right after that gain the emerging markets index began a 12-month drop that erased half of its value. right now the m.c.i. trades at 14 times its earnings. what we're seeing right now, back in 2007, the emerging markets index sank 54% in the next year. as a result, lots of investors saying sharing from india to brazil are way too expensive and they're showing a lack of confidence that the rally will continue. the index dropped 8% from the 2009 high from june 1 through last week. and emerging markets had 540 million through july 8, the second time in three weks that investors withdrew money and that comes from e.p.f.r. global which tracks funds. and one says, things came too quickly in the context of the slow economic rebound. valuations are now high. and that leaves the dor open for a drop. so emerging and development markets are at risk he says but the long term outlook is better. one says that the developing equities will be the most attractive even though they may lead a short term retreat, carol. >> thanks so much. <object width="320" height="260"><param name="movie" value="http://eplayer.clipsyndicate.com/cs_api/get_swf/"></param><param name="flashvars" value="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1018893&wpid=311&cpt=8"></param><param name="allowfullscreen" value="true"></param><embed src="http://eplayer.clipsyndicate.com/cs_api/get_swf/" flashvars="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1018893&wpid=311&cpt=8" type="application/x-shockwave-flash" allowfullscreen="true" width="320" height="260"></embed></object> Law & Legal Issues,Business,Economy,Stock Market,International,Editors Pick http://player.clipsyndicate.com/view/1778/1018893 http://player.clipsyndicate.com/view/1778/1018870 <table border="0" cellpadding="0" cellspacing="0"><tr valign="top"><td><a href="http://www.clipsyndicate.com/video/playlist/1778/1018870?cpt=8&wpid=311"><img src="http://video-static.clipsyndicate.com/cs-video/vol2/2009/7/13/58/351/1d9e7cf7-8166-4831-8594-ed55985ab6b5_120x90.jpg" width="120" height="90" border="0" /></a></td><td style="padding:5px;">Microsoft Chairman Bill Gates Named as One of Thirteen Inventors on Patent Filed for Hurricane Prevention Methods (Bloomberg News)</td></tr></table><img src="http://feeds.feedburner.com/~r/clipsyndicate_channel/1778/~4/MezVFW26AYI" height="1" width="1"/> http://feedproxy.google.com/~r/clipsyndicate_channel/1778/~3/MezVFW26AYI/1018870 Mon, 13 Jul 2009 18:52:39 +0000 Bill Gates the Hurricane Tamer? Microsoft Chairman Bill Gates Named as One of Thirteen Inventors on Patent Filed for Hurricane Prevention Methods (Bloomberg News) http://www.clipsyndicate.com/video/playlist/1778/1018870?cpt=8&wpid=311 Bloomberg when you hear the name bill gates, you probably think microsoft founder. the billionaire may be known as the hurricane tamar. he is listed as one of 13 inventors on a patent filed for hurricane prevention methods. perkins gain strength from compensation driven by warm surface water -- hurricanes gain strength from compensation driven by warm surface water. they hope the invention will sap the energy from storms leading to weaker and less devastating hurricanes. <object width="320" height="260"><param name="movie" value="http://eplayer.clipsyndicate.com/cs_api/get_swf/"></param><param name="flashvars" value="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1018870&wpid=311&cpt=8"></param><param name="allowfullscreen" value="true"></param><embed src="http://eplayer.clipsyndicate.com/cs_api/get_swf/" flashvars="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1018870&wpid=311&cpt=8" type="application/x-shockwave-flash" allowfullscreen="true" width="320" height="260"></embed></object> NASDAQ:MSFT Law & Legal Issues,Business,Technology,Science & Technology,Science,Editors Pick,Weather,hurricane http://player.clipsyndicate.com/view/1778/1018870 http://player.clipsyndicate.com/view/1778/1018874 <table border="0" cellpadding="0" cellspacing="0"><tr valign="top"><td><a href="http://www.clipsyndicate.com/video/playlist/1778/1018874?cpt=8&wpid=311"><img src="http://video-static.clipsyndicate.com/cs-video/vol2/2009/7/13/58/351/6287c79f-93e4-478f-b663-d298f64d72f6_120x90.jpg" width="120" height="90" border="0" /></a></td><td style="padding:5px;">Live Webcast! An Excerpt Featuring White House Economic Adviser Christina Romer (Bloomberg News)</td></tr></table><img src="http://feeds.feedburner.com/~r/clipsyndicate_channel/1778/~4/jRnWI7xqPs0" height="1" width="1"/> http://feedproxy.google.com/~r/clipsyndicate_channel/1778/~3/jRnWI7xqPs0/1018874 Mon, 13 Jul 2009 18:34:46 +0000 Exclusive - White House Webcast Live Webcast! An Excerpt Featuring White House Economic Adviser Christina Romer (Bloomberg News) http://www.clipsyndicate.com/video/playlist/1778/1018874?cpt=8&wpid=311 Bloomberg let's listen in here on bloomberg. >> the health and education field should be growing over time. we absolutely expect construction which has been hurt grow over time. we expect manufacturing which is an industry where employment has been dropping for several decades. we expect we will continue but at a slower rate. we expect there'll be parts of manufacturing like pharmaceuticals, aeronautics, where we expect to see genuine growth in jobs. that is an important picture of how the economy is likely to be bald. we talk about what kind of occupations there are likely to be. some of the fastest-growing sectors will be in the health field. there'll be everything from practioners right down to home health aides, physical therapists, health it so, we have a full range of occupations that will be growing more strengthening. we expect the green jobs in the environmental field, alternative energy, cleaning up pollution, whether rising buildings, we expect efficiency to grow over time. we need to go beyond what the jobs of future will be like also think about what skills will they need? <object width="320" height="260"><param name="movie" value="http://eplayer.clipsyndicate.com/cs_api/get_swf/"></param><param name="flashvars" value="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1018874&wpid=311&cpt=8"></param><param name="allowfullscreen" value="true"></param><embed src="http://eplayer.clipsyndicate.com/cs_api/get_swf/" flashvars="swfHome=eplayer.clipsyndicate.com&csEnv=p&va_id=1018874&wpid=311&cpt=8" type="application/x-shockwave-flash" allowfullscreen="true" width="320" height="260"></embed></object> Law & Legal Issues,Health,Personal Finance,Business,Economy,Energy,Science & Technology,Internet,Government & Politics,Editors Pick http://player.clipsyndicate.com/view/1778/1018874