July 2008

This morning on Money for Breakfast Senator Bob Bennett of Utah joined me to discuss the rescue plan for Fannie Mae and Freddie Mac and what he thinks we need to do to fix this economy. As an elder statesman he used a lot of common sense and made some very strong points. Take a look at what he had to say.     ... read more

I like homework and today I’m preparing to fill in for Neil’s show on Fox News called Your World at 4pm. So I’m sitting here reading more about the announcements that Christopher Cox, chairman of the SEC, made during the hearings yesterday... and I’m getting confused. If you need a brief description of what he is proposing, you should read this article titled “SEC Limits Short Selling of ... read more

Are you watching oil? As we speak it’s down almost another $5 dollars after the release of the weekly inventory numbers. Yesterday oil prices had there single largest decline since 1991. What has suddenly changed in two days? Not much. OPEC did cut their demand projections once again for the next couple of years and the weekly data showed an increase of 3 million barrels. The expectation was for ... read more

So I'm getting some upset e-mails and notes that they don't like to see me in bearish mode. Scary times, my last blog, is ruffling some feathers. As I said to a couple of people today, I am always the “glass is half full” because I still believe that there are plenty of good stories out there. Which ones you ask? Movies.....great box office numbers this summer despite a writer's strike that ... read more

I'm not sure where to begin. There is so much that I have to say that has been bottled up. As you know, I have not posted a blog in almost two weeks and I apologize for that. Between vacation and returning to a ridiculously busy schedule, I have not had the time to put my thoughts on paper. These are scary times. You know me, I am the eternal optimist and I like to highlight the glass is half ... read more

Every once in a while we have a television moment on The Opening Bell that is priceless. Today we had one of those moments courtesy of my colleague Shibani Joshi. Every day on The Opening Bell, we do something called "Behind the Headlines" where I assign papers to my colleagues and ask them to find a story behind the headlines that no one has seen or found. It's usually an edgy, off the charts ... read more

Today on The Opening Bell we had on one of the best energy experts we have ever had. His name is Dr. Kent Moors is a professor at Duquesne University and any internationally recognized authority on oil and gas policy. He gave us some perspective on the real supply here in the U.S., what we can or cannot do about oil prices and where we are headed from here. It was such a great discussion that I am ... read more

Getting psyched for the summer Olympics? I am. They’re just around the corner. This week I caught up with some legends in the basketball world that happen to be responsible for Team USA’s bid for an Olympic gold medal. Coach K or Mike Kryzewski, the head coach for Team USA, Jerry Colangelo, the chief executive officer of Team USA, otherwise known as the team’s national director and Nike ... read more

Today I had any opportunity to interview someone that I have known and admired for years. He worked with my mom back in the Shearson Lehman days. His name is Jeff Lane and yesterday he was named the chief executive officer of Modern Bank, a bank that specializes in private wealth management. What I have always loved about Jeff is his candor. When others tell you what you want to hear, he tells ... read more

As you're reading this you're probably feeling a greater sense of panic after reading the headlines yesterday about the worst quarter since the Great Depression. Unfortunately the news today did not help as oil continues to hit record highs with tension brewing out of the Middle East and the IEA (International Energy Agency) cutting there forecast for future daily supply. Please watch the ... read more