Apple math, BlackBURIED, and doomsday pads

Friday, 27 Sep 2013 | 6:24 AM ET

Talking Squawk, the official "Squawk Box" blog, provides tidbits, insights, and some sarcastic reflections on the WEEK THAT WAS and the WEEK TO COME from the notepad of the show's senior executive producer.

Toyota exporting 'Made in the USA' vehicles
CNBC's Phil LeBeau and Jim Lentz, CEO of Toyota North America, discuss its plan to export Corollas built in Mississippi to Latin America and the Caribbean.

Upside down world

The government can't get the economy moving out of its funk. The Fed's estimates are still not matching up with reality (Google: "non-taper"). So why is it so hard to figure this economy out? Maybe it's because this economy just doesn't work the way we all learned back in "Econ 101."

Case in point: I don't remember reading in college about examples of major Japanese automakers building Japanese cars in the U.S., so they can export them to Latin America. But as Jim Lentz, president of Toyota North America, told us this week, that's exactly what is happening.

TrueCar: True or sexist?
Buying a car can be a very different experience for women than men, but one company claims they can level the playing field. CNBC's Jane Well takes a look at whether TrueCar can deliver on its promise. Jim Lentz, Toyota North America CEO, weighs in.

Under the minivan

Buying a car can be a very different experience for women than for men. TrueCar claims it can level the playing field. True or just sexist? Check out our segment with Jane Wells. (And notice 5:54 into the video how Becky throws her husband under the minivan on national television, and then backs-up to make sure she got him. I sure do feel sorry for that guy.)

No middle ground

Washington is a big problem? There's no longer room for the middle ground, according to Peter Orszag, former Obama OMB director and now vice chairman of global banking at Citigroup. He came on the show Thursday and summed up why our beloved government is so screwed up.

Banking on bitcoin

OK, is it bad to admit that we really don't get it? Bitcoin that's is. It's a digital currency, we think, sort of, maybe. Apparently there is a bitcoin fund. You can invest in "bits"? Help! Here's Barry Silbert, CEO of SecondMarket, trying to explain this product to us. Good luck!

Amazon's Bezos: Control the ecosystem
CNBC's Jon Fortt speaks with Amazon founder and CEO Jeff Bezos about the company's new line of Kindles and what he believes is fundamental to the digital content space.

Bezos: "Be interesting"

On "Squawk Box" Jeff Bezos means one thing: the old Bezos laugh track tape from the 1990s that we keep bringing out periodically. But our Jon Fortt caught up with him this week, and got more than just a laugh out of him.

Amazon's upcoming high-end tablet, the Kindle Fire HDX, won't make money, Bezos told Jon. "We think we're better aligned with our customers if we make money when people use our devices, not when they buy them." (Huh?)

Tom Lee ... market maestro

In past editions of Talking Squawk, we have pointed out how right JPMorgan's Tom Lee has been about the market (and what a good sport he is—remember that USA Today photo?). This week, he gave us some reason to feel OK about the Fed's recent lack of action. He views it as a market insurance policy for the upcoming budget battle on Capitol Hill.

Feasting on the rich legacy of ribs
Evan Andrews, Montgomery Inn vice president, discusses the business of barbecue in the U.S.

Ribs for breakfast

We've never seen Joe so excited (and hungry) about anything we've done on TV, as when we had Evan Andrews from Ohio live in studio. So who is Evan Andrews? He runs the Montgomery Inn, home of the original "Ribs King."

I'm salivating just watching the video.

Apple math

Apple said it sold 9 million iPhones in three days. Just for you math geeks out there, follow me. There are 86,400 seconds in a day. Now, we can multiply that by three and you get 259,200 seconds in three days. Now take 9 million, and divide it by 259,200 and you get 34.72 iPhones sold every second. Conservative estimates have Apple bringing in about $5 billion in revenue over those three days.

Bye bye BlackBerry?

At the same time, BlackBerry has agreed to go private in a $4.7 billion deal. So Apple generated more revenue in three days than what the entire company of BlackBerry will sell for? Memo to Becky Quick: It's time to finally ditch the Dinosaur. (T-Mobile announced this week they won't even carry them in their stores anymore.)

Tweet of note

Fortune's ‏ @danprimack wrote about why BlackBerry canceled its quarterly results conference call.


(This whole thing makes me sad. I loved my BlackBerry, too. But I also loved CDs, yet I finally converted to iTunes. I loved film, yet I finally converted to digital photography. Becky you can to it! Down with the keyboard!)

Senator Ted Cruz Reads Green Eggs and Ham in 'Filibuster'
Texas Sen Ted Cruz read Dr. Seuss' "Green Eggs and Ham" and professed his love for White Castle burgers in speech on the Senate floor to voice his opposition to the Affordable Care Act.

Cruz control

Sen. Ted Cruz, R-Texas, made it 21 hours, 19 minutes talking on the Senate floor in his protest of Obamacare. But he found time to read Dr. Seuss's "Green Eggs and Ham" to his kids as a bedtime story because he couldn't be home.

As we mentioned, a conservative estimate had Apple generating about $5 billion in revenues in three days selling the new iPhones. If we convert that into "Apple math," Apple could have generated approximately $1.35 billion in revenue during Cruz's very long speech.

Squawk on the Hill

BTW, in the middle of that 21 hour marathon, did anybody catch Sen. Mark Rubio, R-Fla., on the Senate floor referencing "Squawk Box?"

@Matt_SquawkCNBC tweeted:

Here's the video of Rubio reading from Matt's article.

Super rich hunker down in $3 million bunker
CNBC's Robert Frank, tours a luxury "survival condo" that's stocked with all the amenities you'll need to survive an apocalypse, including a pool and pet park.

Bunker busters

The rich and famous have homes for skiing, homes for sunbathing, boats bigger than homes, camps for flying fishing and hunting retreats larger than small states.

But now, in the latest trend for people who have too much money to spend, how about a home for the end of the world?

Robert Frank got to the "bottom" of this latest hot trend in bunker real estate.

News tidbits you can (kind-of) use

Americans expect to spend less on Halloween this year. The National Retail Federation expects 158 million people to participate in Halloween activities this year. That's down from 170 million last year. We attribute the shortfall to CNBC's refusal to make official Becky, Joe, and Andrew's costumes (it's what all the cool kids want)!

Cramer's stocks to watch
Don't start your trading day without finding out what CNBC's Jim Cramer is watching ahead of the opening bell.

Cramer clip

Check out Jim and Joe diving into why the market has suddenly hit the pause button (Hint ... Think government shutdown).

Joe and Andrew out to lunch

Check out our own BFFs making the rounds at Michael's on Wednesday (FYI: Michael's is the New York City power lunch hot spot).

Word Jumble

Joe and Becky love to play the word jumble in the paper. It's a seven-year grudge match that takes place after the show. Becky won this week: Three wins to Joe's two.

Here's Joe's bonus jumbled word of the week: RSOIEN. Here's Becky's word: LRTIAE

*Answers at the end

Must Follow Them @

Let's throw some Twitter love to some of this week's guests who tweet a lot including, AthenaHealth's @Jonathan_Bush, @porszag, @SenBobCorker, @MarkWarner, @GovEdRendell, @joelockhart, @Convertbond, @SteveRattner, @milesnadal, and @morningmoneyben.

Mark your calendar (or set your DVR)

  • Monday: Steve Case, former AOL chief; Dan Gilbert, chairman of Quicken Loans
  • Tuesday: Legendary Investor Bill Miller of Legg Mason
  • Wednesday: James Millstein, CEO of Millstein & Co.; debt master Erskine Bowles
  • Thursday: Hank Paulson, former George W. Bush Treasury secretary
  • Friday: Jobs Friday with Greg Ip from The Economist

Next Week's Economic Calendar

  • Tuesday: Auto Sales (Sept.)
  • Wednesday: ADP Employment Report (Sept.)
  • Thursday: Jobless Claims (week of 9/28)
  • Friday: Jobs Friday! Nonfarm Payrolls Report (Sept.)

The "corny-sappy motivational business-based inspirational quote" for the weekend

"Only when the tide goes out do you discover who's been swimming naked."
—Warren Buffett

—By CNBC's Matthew Quayle. Follow him on Twitter @matthew_quayle.

*Joe's Jumble Bonus Word answer: RSOIEN=senior

*Becky's Jumble Bonus Word answer: LRTIAE=retail

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  • Joe Kernen is co-anchor of "Squawk Box," CNBC's signature morning program.

  • Becky Quick is co-anchor of "Squawk Box," CNBC's signature morning program. She's also a columnist for Fortune.

  • Andrew Ross Sorkin is a co-anchor of "Squawk Box," a financial columnist for "The New York Times" and the editor-at-large of NYT's DealBook.