Audio Archive
Banner Image
Get Adobe Flash Player to see this content.
+Automatically Generated Transcript (may not be 100% accurate)

" This is Money Markets & More for TGI Friday August 14 2009. From the newsroom of the MarketWatch radio network I'm Steve Potisk coming up. The really big book on Michael Jackson's life is on the way."

" And on John -- apparently were eating more meat these days -- at least supermarkets hopes so they are going the distance when it comes to that slab they sure they're beefing up their meat departments mostly out of multiple that's consumer race and Kate's chief performs -- here -- And twice on the weekend -- we'll have that story coming up in a moment."

" But first looking for other great podcasts checked out the Hulbert financial files with investment newsletter watchdog Mark Hulbert every week. Here at marketwatch.com."

" On the day -- consumer prices and consumer moods may have some effect on stock trading not that the Consumer Price Index will be a shocker if it follows expectations. We're looking for the CPI to be flat in July with the non energy nonfood core -- up just a tenth. And we'll get the mid month consumer sentiment report from the University of Michigan and Reuters which is seen improving a little bit. Also get ready for July industrial production. In addition a couple of retailers will post quarterly results Abercrombie Fitch and JC -- On this date in history 1885. Japan's first patent is issued to the inventor of a rust -- paint. Nineteen await the first beauty contest was held in folks don't England."

" And is a it."

" Right 1935. Social Security act passed. And created of course the government pension system 1980 elect -- less led the strike at Gdansk Poland the shipyards there. 1994 the terrorist known as Carlos the Jackal was captured. And 2003 a wide scale power blackout hit the northeast US and Canada. Now if you can't yet it's the perfect gift for the serious Michael Jackson fan but don't count on stuffing it into a Christmas stocking. -- book publisher reckon opus has published a 400 page 38 pound interactive book called the official Michael Jackson opus. Inside that ticketmaster dot com or at this 165. Dollars. You know they're gonna sell tons of them. After the closing bell Thursday blockbuster posted quarterly results that were a lot worse than expected. The video rental chain says cost cutting helped it narrow its loss to. 37 million dollars down from 42 million a year ago but revenue was down nearly 22%. Missed forecasts. And sales at stores open at least a year plunged 18%. And high end department store Nordstrom's also posted its results its profit was down 27%. Thanks to lower -- parables store sales but it sure does feel pretty confident. So what's raising its full year view. And this is not so sweet as big food companies say we could run out of sugar warning comes from Kraft General Mills Hershey and Mars. The Wall Street Journal says the companies complain that the Obama administration needs to ease import curbs the companies say they'll raise prices and laid off workers. If they can't import more tariff free sugar. Now speaking of sugar that food cooking at home a lot more these days trying to save some money and supermarkets are playing to that trend. By beefing up their meat departments. John Ward -- and -- have more on this story."

" Are you a carnivore do you love your meat well supermarkets hopes so because. Apparently a lot of -- home cooking and you're making your meat. And let's bring in our consumer base and Cates who knows all about cooking knows all about meet so what's your favorite to mete out there man."

" Men I would have to bag and and good -- off the ground it could take a real life. So tell us more remembered back a long time ago they used to be number Sam the butcher from the Brady Bunch and that is to be pretty much the norm the mob would go to the to the bush cheering get a cut of meat and the -- I would know or know or preferences and things like that and that is -- hit on Allen's while right of course."

" Myself I'm just ready -- say -- great group we have the other night. Banks who saved -- job right here that."

" And then supermarkets. It trended away from that because that they got a lot more prepackaged. And frozen meat products to put out there. But now as you said with more people of cooking at home supermarkets and decided they want it. Two and I captured this and by way of improving their their meat departments like how they do things there."

" It's funny you mention this because the supermarket where I -- I know old -- butchers. And the store manager just a few weeks ago came up to me and said. You know if he need this to cut a special piece of meat we will do that."

" That that the the grocery store that I used to did that -- a lot of supermarkets are doing -- public switches as supermarket chain down Florida. They've made their remodeled some of their butcher areas -- making it opens he can actually see. What the meat cutters are doing back there -- behind closed doors anymore. You have bus Supervalu which is another big chain they've had training sessions with videos and everything else in their advising people. So somebody walks up to that says hey but got this chopper us what you do with that and tell them. He should praise that are grill it or do whatever like that so most big supermarkets are doing this now makes sense because that is what about 4% of overall sales it is it's 4% typically at the grocery store sales and just in general fresh meat sales over the past year have risen by 12%. The other reason is analysts tell The Wall Street Journal. Meat is still expensive. No matter what so if you're shelling out two when he 25 bucks for a bunch of meat and you're really not completely sure how to cook at. And you don't wanna ruin it and who better to ask them the butcher Hasselbeck a professor. How should I season as the questions like that so that way if that's the meat -- prepared to answer the questions so much the better. Yet to few good steaks on the real could easily run you. -- 304050. Dollars absolutely and I'm still traumatized by a couple of years ago I want to my sister's house and her husband's Cordoba. I brought these beautiful revised with mayor hasn't -- lost track of time and haven't -- a group like forty minutes Almonte. Well I was I was almost in tears about only could help my sister doesn't listen to those. -- could -- warned those home issues -- about -- bad so but. That it mean he just forgot that sometimes people just don't know or they had an -- really that short there may be their nude cooking and they they honestly don't know. Maybe Adam Rose that chick and her -- that port -- whenever."

" Folks we love to hear from you if you are eating more meat to -- relying on your supermarket to provide better cuts -- meter more advice on cooking. When you -- this MarketWatch radio newsroom at Yahoo.com. Also fear in the supermarket industry and we know we have some blisters out there. Tells more about this give us some anecdotal evidence and some stories with them to share it with folks out there and folks can also follow us on the web now."

" At Twitter on -- MW radio and on FaceBook with the place there called MarketWatch radio network super duper."

" And thank you very much thank you right folks thanks and that's it for Money Markets & More -- Steve Potisk LC as soon."

Related Audio and Video

Money Markets and More for Thursday, October 8, 2009

Money Markets and More for Thursday, October 8, 2009

Wall Street gets to react to Alcoa’s earnings news. The Kindle is getting cheaper. And makers of good old fashioned, prepare at home, comfort foods have been stepping up ad spending.

Audio|Wed, 7 Oct 2009|More from 1010 WINS MONEY, MARKETS and MORE.
|wall streetfound at2:17, 0:43

“…a lot of office space means -- plunged according to The Wall Street Journal office rents are down about a half percent nationally when compared with the year ago. Real estate research firm Reese says the cut in rates followed companies returning and at twenty million square feet to landlords during the summer …”

“…On the day above Wall Street will get a chance to react to Alcoa's quarterly profit report as it also sorts through the latest earnings from. PepsiCo Marriott …”

Money Markets and More for Wednesday, October 7, 2009

Money Markets and More for Wednesday, October 7, 2009

The earnings reporting season gets underway. Home theaters are out; home offices are in. And Hollywood fears Twitter.

Audio|Tue, 6 Oct 2009|More from 1010 WINS MONEY, MARKETS and MORE.
|movie reviewsfound at5:27, 0:39

“…that this past summer. When the movie Brunell opened to very strong box office. . And then subsequently tank right after that because people did not like the movie and they went on Twitter and put out some negative tweet about it so it really is a phenomenon that's going on right now on Hollywood have you done it. -- about a movie gas now. Norton or -- I I like to tweak though but. And you -- MarketWatch radio network on Twitter that's right it MW radio but we don't do movie reviews we don't in the very obvious. Some some Hollywood studios though have been trying to take advantage if you caught that of …”

“…But first this. What are Wall Street's biggest names say in about stocks and the economy. Listen to Morning Stock Talk weekday mornings only here. Marketwatch.com. On the daybook …”

Money Markets and More for Tuesday, October 6, 2009

Money Markets and More for Tuesday, October 6, 2009

Is a big retailer selling knock off merchandise? Macs and PCs are sharing a room. And a major retailer is making noise about how it plans to sell DVDs.

Audio|Mon, 5 Oct 2009|More from 1010 WINS MONEY, MARKETS and MORE.
|world seriesfound at1:51, 3:22

“…Billy -- objective for Wrigley Field during game -- Of the 1945. World Series. . Setting off a Billy go. …”

“…the -- PD group. And general Mac owners have more computers and electronic gadgets than those in PC only homes. Two thirds have three or more computers and they also unmarked iPods and GPS systems and …”