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CNN Live At Daybreak
FCC Warns Calif. Firm to Stop "Do Not Call" Violations
Aired December 19, 2003 - 06:17 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
CAROL LIN, CNN ANCHOR: Time for a little 'Business Buzz.' The government isn't kidding about the national do-not-call list.
Just ask Carrie Lee who is reporting in from the Nasdaq market site in Times Square.
Morning -- Carrie.
CARRIE LEE, CNN FINANCIAL NEWS CORRESPONDENT: Good morning, Carol.
We heard so much about this a few months ago when people signed up for the list. Well now the Federal Communications Commission is warning a California company that it will face big fines if it continues to call phone numbers of people who signed up for a list saying they don't want to receive telemarketing calls. The FCC told CPM Funding, and this is a company also known as California Pacific Mortgage, that it will face fines of up to $11,000 per violation if it continues to contact these customers.
Now so far Americans have put -- over 50 million homes have put their names on this list, home and mobile phone numbers included on the list, which went into effect on October 1. But obviously, Carol, fines of $11,000 per violation, a pretty big deal for these companies. CPM does not dispute calling numbers on this list, according to the FCC. So showing that they are keeping up with this new ruling.
LIN: Wow! All right, it's a good case there.
How are the futures looking?
LEE: Looking pretty flat right now. Technology could open a little bit weak at the 9:30 opening bell. Of course yesterday we saw a very nice rally. The Dow, the S&P 500, the Nasdaq all gaining 1 percent or more. You can see here the Dow ending higher by over 100 points. The Nasdaq up 1.8 percent.
One stock to watch today, Nike, the company beating the Street on profits after the closing bell last night. Profits up about 18 percent over last year, sales up 12 percent. The weak dollar, strong sales in Asia all helping this company. And that is one name we'll be watching in today's session -- Carol.
LIN: All right. Thanks so much, Carrie.
TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com
Aired December 19, 2003 - 06:17 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
CAROL LIN, CNN ANCHOR: Time for a little 'Business Buzz.' The government isn't kidding about the national do-not-call list.
Just ask Carrie Lee who is reporting in from the Nasdaq market site in Times Square.
Morning -- Carrie.
CARRIE LEE, CNN FINANCIAL NEWS CORRESPONDENT: Good morning, Carol.
We heard so much about this a few months ago when people signed up for the list. Well now the Federal Communications Commission is warning a California company that it will face big fines if it continues to call phone numbers of people who signed up for a list saying they don't want to receive telemarketing calls. The FCC told CPM Funding, and this is a company also known as California Pacific Mortgage, that it will face fines of up to $11,000 per violation if it continues to contact these customers.
Now so far Americans have put -- over 50 million homes have put their names on this list, home and mobile phone numbers included on the list, which went into effect on October 1. But obviously, Carol, fines of $11,000 per violation, a pretty big deal for these companies. CPM does not dispute calling numbers on this list, according to the FCC. So showing that they are keeping up with this new ruling.
LIN: Wow! All right, it's a good case there.
How are the futures looking?
LEE: Looking pretty flat right now. Technology could open a little bit weak at the 9:30 opening bell. Of course yesterday we saw a very nice rally. The Dow, the S&P 500, the Nasdaq all gaining 1 percent or more. You can see here the Dow ending higher by over 100 points. The Nasdaq up 1.8 percent.
One stock to watch today, Nike, the company beating the Street on profits after the closing bell last night. Profits up about 18 percent over last year, sales up 12 percent. The weak dollar, strong sales in Asia all helping this company. And that is one name we'll be watching in today's session -- Carol.
LIN: All right. Thanks so much, Carrie.
TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com
