Financial News from Power Lunch from 9/24/2009

Bank of America Corporation (BAC) Discussed on CNBC's Power Lunch

Bank of America Corporation is in the news. Find out how this impacts BAC trading on Ockham Research.

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“… g money in tough times national car rental right past the counter... And you get to choose any car in the aisle. Choose any car? You cannot be serious! Seriously,you choose.Okay. Go national. Go like a pro. …”

Google, Incorporated (GOOG) Discussed on CNBC's Power Lunch

Google, Incorporated is in the news. Find out how this impacts GOOG trading on Ockham Research.

Understand who the person in the video is, so understanding facial recognition and converting that to a name. There's a lot of innovation I should mention that we also think that just in general there's going to be a lot of m&a in the interstate space. Not just GOOGLE. >> can we talk twitter. $1 billion acquisition of twoot will it happen? >> it's possible. I think some of these others are that's why they made my list and >> what do you think GOOGLE's price discipline is when it comes to acquisitions? >> most companies their stock price goes down. With googles, it goes up. >> she's saying are they a responsible buyer? >> I think the youtube acquisition is worth $1.6 billion, sure. Monetizing 20% of the ads on a billion viewings a day. >> straight ahead, a major advance in the fight against nbc news chief science correspondent robert bazell with details on that. >>> plus, the latest on what businesses are doing to combat the swine flu. >>> and we're talking about the first losing week in three. 9672 despite a pretty healthy auction at the top of the hour. >>> in any given classroom of 30 students, at least one child will likely have attention the cdc, but kids can find help and sometimes a little fun, too.

“… t just GOOGLE. >> can we talk twitter. $1 billion acquisition of twoot will it happen? >> it's possible. I think some of these others are that's why they made my list and >> what do you think GOOGLE's price discipline is when it comes to acquisitions? >> most companies their stock price goes down. With googles, it goes up. >> she's saying are they a responsible buyer? >> I think the youtube acquisition is worth $1.6 billion, sure. Monetizing 20% of the ads on a billion viewings a day. >> straight ahead, a major advance in the fight against nbc news chief science correspondent robert bazell with details on that. >>> plus, the latest on what businesses are doing to combat the swine flu. >>> and we're talking about the first losing week in three. 9672 despite a pretty healthy auction at the top of the hour. >>> in any given classroom of 30 students, at least one child will likely have attention the cdc, but kids can find help and sometimes a little fun, too. …”

Google, Incorporated (GOOG) Discussed on CNBC's Power Lunch

Google, Incorporated is in the news. Find out how this impacts GOOG trading on Ockham Research.

>>> GOOGLE's ceo eric schmidt is flush with cash and so is the company and it's ready to go on a shopping spree. Earlier this week he announced acquisitions are turned on again at GOOGLE with a about a one per month rate at what they might be what companies are in the john akin with majestic research has come up with a list of potential targets. I was thinking about this. You have some interesting names here. These are all privately held. >> that's right. So we think that GOOGLE will be acquiring companies likely in three main buckets. Bucket one is geographic expansion. Bucket two would be as it relates to video search or video both on the mobile phone, the smart phone, and the pc. And then lastly, any specific ad targeting technologies that allow them to dove tail with the recent ad exchange they just launk >> and you could see them going to eastern europe. >> that's correct. Yondex did about $300 million in revenue last year, grew 80%. That could be very interesting the market leader in the czech republic is also very interesting for them. A companied known by the name of sezman. Less likely are neighbor and the market leader in china. GOOGLE is quite focussed in china in building the GOOGLE site there specifically. >> their stock just hit 500 bucks again for the first time since august '08. Will they be more likely to use >> I think it depends on the company and the deal. The bigger companies they will probably use some stock. It's very interesting, we're seeing a turn in the business from a fundamental perspective that suggest estimates too are too low. They might use stock very similar to what they did with youtube. >> in video search, could you see possibly everyzing and viewclip, a mobile search platform and in the ad oriented category, ad bright and contera. So there's the first six months right there. Do you think they can maintain a clip of 12 acquisitions a year? >> there's a ton of innovation going on out there. What we see is take video search, it's not just one company that's the answer here.

“… es are in the john akin with majestic research has come up with a list of potential targets. I was thinking about this. You have some interesting names here. These are all privately held. >> that's right. So we think that GOOGLE will be acquiring companies likely in three main buckets. Bucket one is geographic expansion. Bucket two would be as it relates to video search or video both on the mobile phone, the smart phone, and the pc. And then lastly, any specific ad targeting technologies that allow them to dove tail with the recent ad exchange they just launk >> and you could see them going to eastern europe. >> that's correct. Yondex did about $300 million in revenue last year, grew 80%. That could be very interesting the market leader in the czech republic is also very interesting for them. A companied known by the name of sezman. Less likely are neighbor and the market leader in china. GOOGLE is quite focussed in china in building the GOOGLE site there specifically. >> their stock just hit 500 bucks again for the first time since august '08. Will they be more likely to use >> I think it depends on the company and the deal. The bigger companies they will probably use some stock. It's very interesting, we're seeing a turn in the business from a fundamental perspective that suggest estimates too are too low. They might use stock very similar to what they did with youtube. >> in video search, could you see possibly everyzing and viewclip, a mobile search platform and in the ad oriented category, ad bright and contera. So there's the first six months right there. Do you think they can maintain a clip of 12 acquisitions a year? >> there's a ton of innovation going on out there. What we see is take video search, it's not just one company that's the answer here. …”

Google, Incorporated (GOOG) Discussed on CNBC's Power Lunch

Google, Incorporated is in the news. Find out how this impacts GOOG trading on Ockham Research.

Dick and mac mcdonald. >> that is just a sample of what you'll see on the premiere of "biography on cnbc. It airs tonight at 10:00 p.M. >>> the message from GOOGLE's ceo, his company is back on the ready to make deals every month. Which names have the potential to end up on the buy list? >>> meanwhile, wall street is a little bit on the down side, but trying to pare its losses. Not having much success. We're down 60 points on the we're cnbc and we are first in business worldwide. [ engine revving ] gentlemen, you booked well, the price went down, so you're all getting a check thanks. Except for you -- so you're not getting

“… ential to end up on the buy list? >>> meanwhile, wall street is a little bit on the down side, but trying to pare its losses. Not having much success. We're down 60 points on the we're cnbc and we are first in business worldwide. [ engine revving ] gentlemen, you booked well, the price went down, so you're all getting a check thanks. Except for you -- so you're not getting …”

McDonald's Corporation (MCD) Discussed on CNBC's Power Lunch

McDonald's Corporation is in the news. Find out how this impacts MCD trading on Ockham Research.

>> tonight, biography on cnbc explores ray crock, the man behind the most recognized brand in the world, MCDONALD'S. His success did not happen overnight. He sold everything from paper cups to mixers before finally meeting the MCDONALD'S brothers. >> as ray approaches his 50th birthday, his business began to slow down. Ray was losing customers by the but one small restaurant in san bernadine know bernadineow, california, kept ordering more machines. In 1954 he flew to california and met the two brothers who would change his life. Dick and mac mcdonald. >> that is just a sample of what you'll see on the premiere of "biography on cnbc. It airs tonight at 10:00 p.M. >>> the message from google's ceo, his company is back on the ready to make deals every month. Which names have the potential to end up on the buy list? >>> meanwhile, wall street is a little bit on the down side, but trying to pare its losses. Not having much success.

“… ay approaches his 50th birthday, his business began to slow down. Ray was losing customers by the but one small restaurant in san bernadine know bernadineow, california, kept ordering more machines. In 1954 he flew to california and met the two brothers who would change his life. Dick and mac mcdonald. >> that is just a sample of what you'll see on the premiere of "biography on cnbc. It airs tonight at 10:00 p.M. >>> the message from google's ceo, his company is back on the ready to make deals every month. Which names have the potential to end up on the buy list? >>> meanwhile, wall street is a little bit on the down side, but trying to pare its losses. Not having much success. …”

Goldman Sachs Group, Incorporated (GS) Discussed on CNBC's Power Lunch

Goldman Sachs Group, Incorporated is in the news. Find out how this impacts GS trading on Ockham Research.

Have this company on wall street that's doing so well and making all this money and a lot of which those bonuses will be tax receipts. We shouldn't forget that. It's better to have an embarrassment of riches and a very successful firm like GOLDMAN SACHS than it is to have a whole bunch of citigroups. >> a lot of that compensation will still be, although this is yet to be determined and bankers are focused on this, how much will come in the form of stock. So much of it will. >> thaes an important point. Am I naive to point out the stock market was higher than it was when we started this the economy has come back to some great degree on many unemployment though is not better. My point is have people settled down a little bit that they might be able to accept this number more than they would have say in march of this year? >> it would be less controversial. >> I bet the congressmen will be a little more upset about it. >> those arguments are valid but I think when people start to look at what the averages are, will it be $600,000 per employee, will it be some number that's ungodly given 10% unemployment, it's hard to imagine there won't be a significant outcry.

“… han it is to have a whole bunch of citigroups. >> a lot of that compensation will still be, although this is yet to be determined and bankers are focused on this, how much will come in the form of stock. So much of it will. >> thaes an important point. Am I naive to point out the stock market was higher than it was when we started this the economy has come back to some great degree on many unemployment though is not better. My point is have people settled down a little bit that they might be able to accept this number more than they would have say in march of this year? >> it would be less controversial. >> I bet the congressmen will be a little more upset about it. >> those arguments are valid but I think when people start to look at what the averages are, will it be $600,000 per employee, will it be some number that's ungodly given 10% unemployment, it's hard to imagine there won't be a significant outcry. …”

Goldman Sachs Group, Incorporated (GS) Discussed on CNBC's Power Lunch

Goldman Sachs Group, Incorporated is in the news. Find out how this impacts GS trading on Ockham Research.

>>> tack about an embarrassment of riches. New reports have GOLDMAN SACHS looking at a potential $16 billion bonus windfall this as you probably know, david faber and our charlie gasparino have both been tracking this story since back in june when the bonus pool was pegged at about $11 billion. But the two big questions now is, one, how will goldman handle any pr backlash from congress and investors, and, two, what does this say about the new order on wall street? Is it still about profits? More from rob cox now of breaking views and our own david nice to have you here, david, I will start with you. It does seem like it's a difficult position for mr. Blankfein to be in however, although he's tried to address issues in the past about how to handle the bonus issue with employees, but can he really escape any pr backlash? >> I think it will be difficult. Certainly there was a great deal of it after the second quarter and those record numbers from goldman and when people got a look at just how much they're accruing for compensation. The percentage of which, by the way, has not really changed over time, but the amount of which has given they made so much money in the second quarter.

“… us pool was pegged at about $11 billion. But the two big questions now is, one, how will goldman handle any pr backlash from congress and investors, and, two, what does this say about the new order on wall street? Is it still about profits? More from rob cox now of breaking views and our own david nice to have you here, david, I will start with you. It does seem like it's a difficult position for mr. Blankfein to be in however, although he's tried to address issues in the past about how to handle the bonus issue with employees, but can he really escape any pr backlash? >> I think it will be difficult. Certainly there was a great deal of it after the second quarter and those record numbers from goldman and when people got a look at just how much they're accruing for compensation. The percentage of which, by the way, has not really changed over time, but the amount of which has given they made so much money in the second quarter. …”

Goldman Sachs Group, Incorporated (GS) Discussed on CNBC's Power Lunch

Goldman Sachs Group, Incorporated is in the news. Find out how this impacts GS trading on Ockham Research.

Did with moammar gadhafi at the >> thank you both for joining >>> representative camp did bring up the letter. >> the humana letter. >> he brought it up first. >> we're going to switch to a much less controversial subject, GOLDMAN SACHS is said to be on its way to a $16 billion bonus windfall, but it also means a pr nightmare perhaps for the ceo, lloyd blankfein. How can he handle that backlash and satisfy his employees. We'll discuss the goldman profits versus products debate coming up. >> down 55 points for the dow jones industrial average. Could be a losing week if we keep on this stretch.

“… ts way to a $16 billion bonus windfall, but it also means a pr nightmare perhaps for the ceo, lloyd blankfein. How can he handle that backlash and satisfy his employees. We'll discuss the goldman profits versus products debate coming up. >> down 55 points for the dow jones industrial average. Could be a losing week if we keep on this stretch. …”

Humana Inc. (HUM) Discussed on CNBC's Power Lunch

Humana Inc. is in the news. Find out how this impacts HUM trading on Ockham Research.

That's not me. >> they said the payments, >> I wish I had more time but we can't spend as much type as they did with moammar gadhafi at the >> thank you both for joining >>> representative camp did bring up the letter. >> the HUMANA letter. >> he brought it up first. >> we're going to switch to a much less controversial subject, goldman sachs is said to be on its way to a $16 billion bonus windfall, but it also means a pr nightmare perhaps for the ceo, lloyd blankfein. How can he handle that backlash and satisfy his employees. We'll discuss the goldman profits versus products debate coming up. >> down 55 points for the dow jones industrial average. Could be a losing week if we keep on this stretch.

“… it up first. >> we're going to switch to a much less controversial subject, goldman sachs is said to be on its way to a $16 billion bonus windfall, but it also means a pr nightmare perhaps for the ceo, lloyd blankfein. How can he handle that backlash and satisfy his employees. We'll discuss the goldman profits versus products debate coming up. >> down 55 points for the dow jones industrial average. Could be a losing week if we keep on this stretch. …”

Humana Inc. (HUM) Discussed on CNBC's Power Lunch

Humana Inc. is in the news. Find out how this impacts HUM trading on Ockham Research.

Health plans from communicating with seniors that. Reverses a long-time clinton administration policy that said, look, it's a constitutional right to know what's in this >> you're talking about a letter HUMANA sent to its participants warning many could lose important benefits and services that make medicare advantage health plan so valuable. Isn't it a little early to be sending a letter out. We don't even know what's going to be in the final bill? >> cbo has said the same thing, that's the congressional budget office that scores the legislation. Why not be able to communicate what might be in these bills? >> but it's possible they won't >> let me finish. We have gone from rushing these things through to preventing people from having a discussion what frustrated a lot of people about that was the aarp was allowed to send out all kinds of information and they support what's happening in congress. >> i'm glad dave raised this it's always bad for anyone to send out misleading information. In this case -- >> so HUMANA was misleading but the aarp was not? >> this was absolutely misleading information. The federal agency that oversees cms, a nonpartisan agency, called them out and not only did they provide misleading information, but they're using taxpayer dollars. Let's be very clear here. These are the medicare advantage they're getting 14% extra taxpayer subsidy over the regular fee for service medicare their profits are going through the roof. It's just false to say that the only way they can -- >> you're cutting medicare advantage is not the same as cutting medicare even though it increases benefits for many, many seniors. >> absolutely. Their soaring profits demonstrate clearly if they just play by the same rules as everybody else they can provide benefits and not have to keep the same profit. These are profits based on taxpayer subsidy. 14% subsidy above what every other private provider -- >> I have to jump in here. >> that's unfair. >> what they put out is not misleading.

“… ose important benefits and services that make medicare advantage health plan so valuable. Isn't it a little early to be sending a letter out. We don't even know what's going to be in the final bill? >> cbo has said the same thing, that's the congressional budget office that scores the legislation. Why not be able to communicate what might be in these bills? >> but it's possible they won't >> let me finish. We have gone from rushing these things through to preventing people from having a discussion what frustrated a lot of people about that was the aarp was allowed to send out all kinds of information and they support what's happening in congress. >> i'm glad dave raised this it's always bad for anyone to send out misleading information. In this case -- >> so HUMANA was misleading but the aarp was not? >> this was absolutely misleading information. The federal agency that oversees cms, a nonpartisan agency, called them out and not only did they provide misleading information, but they're using taxpayer dollars. Let's be very clear here. These are the medicare advantage they're getting 14% extra taxpayer subsidy over the regular fee for service medicare their profits are going through the roof. It's just false to say that the only way they can -- >> you're cutting medicare advantage is not the same as cutting medicare even though it increases benefits for many, many seniors. >> absolutely. Their soaring profits demonstrate clearly if they just play by the same rules as everybody else they can provide benefits and not have to keep the same profit. These are profits based on taxpayer subsidy. 14% subsidy above what every other private provider -- >> I have to jump in here. >> that's unfair. >> what they put out is not misleading. …”