Money Minute: Reducing Smartphone Thefts; Safest Pain Reliever Is?


A proposed bill in one state could change future generations of smartphones that all of us buy.

California legislators may require that all smartphones sold in the state have some sort of kill switch that could be activated if your phone is lost or stolen. It's estimated that about 40 percent of all thefts involve smartphones. A report released last year by the mobile security firm Lookout found that lost phones could cost consumers more than $30 billion. The cities where residents were most likely to lose their phone were: Philadelphia; Seattle; Oakland and Long Beach, Calif.; Newark, N.J.; Detroit; Cleveland; Baltimore; New York; and Boston.

Which pain reliever is less dangerous for your heart: Advil, Aleve or Celebrex?
It's OK if you don't know the answer, because the experts aren't sure either, even though some of those medicines require a heart warning on their labels. So a Food and Drug Administration advisory panel will meet this week to review labeling rules and hopefully give consumers a better understanding of the risks they face in treating a headache or a bad back.

The big question for investors at the start of the new week is whether the mini-market correction of the past few weeks is over. Some analysts say it is. They contend that anyone who wanted to sell has already done so.

The numbers for last week look pretty tame. The Dow Jones industrial average (^DJI), the Nasdaq composite (^IXIC) and the Standard & Poor's 500 index (^GPSC) all gained less than one percent -- but it was a wild ride getting there.

After a massive sell-off Monday, when the Dow fell 326 points, investors jumped back in. Analysts call it "buying the dip," where investors think they can get stocks cheaply after a big downturn.

And on Friday, Google (GOOG) moved past Exxon Mobil (XOM) to become the second most valuable U.S. company. That's mostly because Exxon shares have lost 11 percent of their value this year. Apple (AAPL) remains King of the Hill, with a market cap of $465 billion.

-Produced by Drew Trachtenberg.

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Don't buy one!

February 10 2014 at 3:13 PM Report abuse +2 rate up rate down Reply

Actually a kill switch that I would like to see is one, that in modern cars with all the wifi and advanced tech, could detect a smartphone's outgoing signal and keep the car from running. All these idiots driving and talking, driving and texting.

February 10 2014 at 2:54 PM Report abuse +2 rate up rate down Reply

Most smartphones can be locked remotely if lost or stolen. A simple call to the carrier can activate this or it can be done by the user using built in security. Not to mention, this same software can be used to locate the phone.

February 10 2014 at 2:51 PM Report abuse +1 rate up rate down Reply

Wow. Every city they listed has rampant poverty and every single one is controlled by democrats.

February 10 2014 at 2:48 PM Report abuse rate up rate down Reply

California is going to require something the other 49 states and the handset manufacturers dont have ready? seems like you folks i lala land will not be seeing the newest technology if this passes.. you think anyone is going to make it 1 way for CA and have to work out each states individual ideas/bad brain cells?

when will we the people get it that TOO MUCH GOVERNMENT IS A BAD THING? this is just another half baked example...

February 10 2014 at 2:20 PM Report abuse rate up rate down Reply
crazy ray

Hey, here's a heads up for the Daily Finance Staff: If the experts don't know, they're not experts. Please try and use a language and words you understand. It'll lessen your obvious confusion.

February 10 2014 at 1:15 PM Report abuse +1 rate up rate down Reply

These politicians in California need to stop making more rules and regulations!

February 10 2014 at 1:04 PM Report abuse +2 rate up rate down Reply
1 reply to taostop's comment

We manage with the rules, throw away your computer, and go back to a blanket and smoke signals, given we invested the PC.

February 10 2014 at 2:05 PM Report abuse rate up rate down Reply