Reuters Insider - Trading at Noon: Amazon introduces 'fire TV'

Greenlight Biosciences Holdings PBC

26/04/2014 18:17

Click the following link to watch video:                              
 http://insider.thomsonreuters.com/link.html?cn=share&cid=1219356&shareToken=MzphNTY5NWQzYS1lYzAwLTQ3YTQtYTYwZS0zYzE1YjFhYzkwNzg%3D&playerName=ReutersNews 
                                                                       
 Source:             Thomson Reuters                                   
                                                                       
 Description:        Amazon takes on the likes of Apple and Google by  
                     launching its own streaming device called fire TV. 
 
 
(To access all exclusive Reuters Insider programming visit: http://insider.thomsonreuters.com) 
 
 Short Link:  http://reut.rs/1je0igA  
 
 
Transcript (May be auto-generated)

 Amazon predicts what you want to buy; now, it predicts what you want to watch. 
It's called Fire TV. And joining us now is a guy who's always on fire here at 
Trading at Noon, Breakingviews' Rob Cyran. So Fire TV, a new set-top TV box, 
tell us more about this as we watch pictures stream from The Verge. Well, there 
are a lot of these- there's a lot of competition out there. A lot of companies 
are introducing devices: Apple has got one, Google has got one, you can use your
Wii or you can use your PlayStation, so there's a lot of competition. And the 
Amazon Fire TV is doing the same thing. What they basically have is this box so 
you can have an Internet connection on your television very easily. So you can 
connect, you can use your smartphone, you can use your tablet, and you can play-
you can watch it on a bigger screen. So it's good for things like watching games
or if you want to watch Netflix, or if you want to watch Hulu, you can all do 
those on this device. So you say it's similar. Anything that sets it apart? We 
don't know yet. It doesn't seem that way. It seems like more of 
Jack-of-all-trades. It does things like it plays games but then again you can 
play a lot more games on your Wii or you can play more games on your 
PlayStation. It has easy- you know it's relatively cheap – $99 – but, then 
again, Apple TV is the same price and then Google's is just a lot cheaper. So it
does a lot of these things but it doesn't do anything particularly well. The one
thing that may separate it apart is search. 

It looks very impressive in the performance but then again it's one thing to 
look impressive on the stage, another thing to- It has a voice search, right, if
I remember- Yes, exactly. Now, it's called Fire TV. That makes me think, well, 
Kindle Fire. What's the strategy behind it? Any relation? It seems very similar.
If you think about what they did with Kindle, what they had is they want to sell
eBooks, so what they do is they get these tablets out there and people can 
easily read their eBooks on their Kindle. They're doing a similar sort of thing 
here. Amazon's got streaming television. They're producing their own TV shows. 
They're going to do that so you're going to be able to watch Amazon's TV shows 
easily through this device; the same thing with games. It seems like they're 
getting into games, so you can also play Amazon games on this device. So prices 
cheap in- And then Apple TV, everyone's been talking about Apple's next TV 
service. So what does this do to Apple based on what you've seen so far? Well, 
Apple TV, it's a hobby basically. They haven't mastered it. It's actually kind 
of a poorly-selling gadget for Apple. It makes it a little bit harder because 
there's again more competition but Apple's been promising a lot forever, so it's
still the same barn. Alright. We're still waiting. 

Thanks a lot, Rob Cyran. You're welcome. Alright. Let's take a look at some hot 
stocks. Amazon stock, by the way, is trading up about a half a percent. Apollo, 
that stock is down 7%. That's because fewer students are enrolling at its 
University of Phoenix campuses, and so revenues fell and doubled, it's more than
expected. Also, a subpoena from the Department of Education, it wants more 
information on its northeast operations. Gold miners today rallying 3% to 4%, 
including the likes of Barrick Gold and Kinross. Note that gold itself, the spot
price is up 1% after falling for two straight days. Traders say there's a lot of
short covering on gold going on right now. 

Envivio, that stock is on fire. It's up 17%. It's a developer of video 
processing software. It says it's powering live high-definition sports channels 
on Apple TV on behalf of some European service providers. And the biggest gainer
on the big board today, on the NYSE, is a stock called Rubicon Project. It made 
its debut, a smashing one at that. It priced at $15; now, it's trading just shy 
of about $20 a share. The company raised a little more than $100 million on its 
debut. And if you like that, you'll like some others that are maybe coming along
this way – more online ad place set to go public, one including TubeMogul and 
two others are getting ready to file for their IPOs. And finally, let's take a 
look at the ETF sector. Credit Suisse out with some numbers. Now, you may recall
we had a big inflow yesterday for the first day of the new month. But last week,
we saw a net outflow of ETFs according to Credit Suisse to the tune of $7.5 
billion of US equities. Of that, large cap is the biggest portion – $6.4 
billion. The biggest losing sector – healthcare, shed $700 million in terms of
redemptions. And finally, in all of this, if you look at the first quarter, 
Vanguard was the biggest winner, the biggest player among ETFs. Of the $15 
billion that came into ETFs, Vanguard captured 90% of it with its low cost 
funds. Of the top three funds, all of them were Vanguard led by Vanguard Europe,
it pulled in $2.3 billion. And that's it for Trading at Noon. Remember to follow
us on Twitter: @ReutersInsider and see more of our exciting videos at Www. 
Reuters.com/ReutersTV. I'm Fred Katayama and this is Reuters