Archive for the 'Interviews' Category
February 27, 2008 11:33AM
By Alexis Glick
Note to John McCain:
This morning on Money For Breakfast I interviewed U.S. Deputy Treasury Secretary Robert Kimmitt. I asked him if John McCain became the next president of the United States, if he would be interested in remaining in his position. The answer? YES. He has spent the vast majority of his career in public service and has served in his current position for almost three years. He is a prominent member of the president’s financial team and has dedicated much of his time and energy on sovereign wealth funds and their investments in U.S. corporations like Citi (C) and Merrill Lynch (MER).
What is a sovereign wealth fund?
It’s a state-owned investment fund composed of financial assets such as stocks, bonds, real estate or other financial instruments. The most well-known is Abu Dhabi Investment Authority with approximately $900B in assets.
Why do we care?
Because these funds are investing big stakes in U.S. companies. Some say they could use their economic investment to sway the government politically.
How do they separate politics and economics? That is one of the secretary’s biggest mandates. He is working with the IMF and the World Bank to create a list of “Best Practices.” These practices would in essence create guidelines for investments in U.S. and European companies and ensure that they remain politically agnostic.
My issue…our issue…his issue: Do we have any or enough leverage in this environment with a weak dollar and even weaker financial institutions to give them a set of criteria for investing when we need and welcome their money?!
Check out the interview:
Oh and in case you missed it, he is rooting for the Hoyas! No.11 in AP and No.10 in the ESPN poll. He’s looking forward to March Madness 
February 27, 2008 6:42AM
By Alexis Glick
Did you know that the Texas contest next Tuesday, March 4 is a hybrid primary-caucus? I did not know that! At least it is on the Democratic side. Most delegates are awarded on the primary vote and others by caucuses held later in the evening. The clincher…..voters can participate in both! Former President Bill Clinton traveling in Texas yesterday on Senator Hillary Clinton’s behalf told voters, “You have to vote twice if you really want her to be president.”
I was reading my research for this morning’s show and just discovered it. I immediately e-mailed my executive producer. Here’s how he said it works.
IT IS THE ONLY ONE.
Texas has a two step process that is open to all registered voters. When you cast your vote in the Texas primary, in essence it’s only 75% of a full vote. 126 of Texas’ 168 votes will be allocated to candidates based on the ballots cast.
15 minutes after the polls close (7:00 p.m.) those who voted must return to their precinct. This “precinct convention” is how Texas will decide how to divide the remaining 42 delegates. The rules were originally put in place to insure that the Democratic hierarchy would have more say.
Are you as surprised as I am? I would assume this is somewhat controversial. Weigh in! What do you think? Send me your thoughts! I’ll be discussing it with several writers and radio hosts this morning.
January 24, 2008 1:06PM
By Alexis Glick
I asked former U.S. Treasury Secretary and Cerberus Capital Chairman John Snow about the future of Chrysler. Click here to watch the interview that is only available on FOX Business.
January 24, 2008 6:07AM
By Alexis Glick
Good Morning!! It’s just after 11am here. We’ve been up since the crack of dawn interviewing some fantastic CEO’s. Tune into Money for Breakfast and the Opening Bell this morning. If you miss them, just go to our home page and you can see the video. We’re talking to the CEO of General Mills, Coca Cola, Intel, Nissan and so many more. Here’s a taste of what you can expect from Intel Chairman Craig Barrett, “You can’t save your way out of recession, you have to invest your way out.”
So what other kinds of behind the scenes stories have I heard on the down low?
Ukrainian President Yushchenko is here staying at a private villa with maximum security. He has a private chef that cooks and travels with him at ALL times. He has had two surgeries to correct the results of the Dioxin poising and is expected to have another three.
Pakistani President Musharraf and Columbian President Uribe are both here and have lead to increased security. I wish I could sit down with Musharraf. He may be one of the most fascinating guests given the upcoming elections in Pakistan in February. We saw the Colombian president last night arriving at the Hotel Belvedere with about 10 agents wrapped around him. I tried to talk to him but feared that story would have an unhappy ending :). Also saw master of deal making Henry Kravitz talking to several international leaders. He still looks as strong and powerful as ever.
Ok. Need to buckle in for the next four hours of live television. See you on the back end!
January 23, 2008 3:35PM
By Alexis Glick
I interviewed Morgan Stanley Chief Economist Stephen Roach about the economy and a potential recession. Click here to watch.
January 23, 2008 2:52PM
By Alexis Glick
Click here to to watch my interview with IMAX CEO Rich Gelfond about the state of the movie industry, technology and the writers’ strike.
January 23, 2008 1:10PM
By Alexis Glick
I’m not hearing the party line or canned responses. Everyone of the people that I interviewed today did not hold back. Former Treasury Secretary John Snow said a $150B stimulus package is not enough. $200B is the number he would like to see. Roughly 1.5%-2% of U.S. GDP, but it must be timely. That, says Snow, combined with a good monetary policy would avoid a sharp economic downturn.
Steve Forbes said the key to turning around the U.S. Economy is supporting the U.S. dollar and he wants the Federal Reserve Bank to step up to the plate and sell bonds from its portfolio to remove some of the excess dollar liquidity.
Steve Roach, the Economist from Morgan Stanley said a stimulus package and a Fed that continues to cut rates is irresponsible. We are in a recession and we will not begin to come out of it until early 2009.
Now some of what we heard was harsh but as Rich Edelman, a public relations expert and CEO of Edelman said, CEOs need to be honest. They need to speak the truth and guide investors. It’s not about rock star CEOs. It’s about accountability and the value of the brand. In a place like Davos I have no doubt that the brand that’s on everyone’s mind is the U.S. Brand. American companies are in focus and what we are learning is that while America’s share of Global GDP is declining, this Country is a leader and innovator and many countries around the Globe take their cue from us.
First impressions….. I’m glad the issues are being thrown on the table. That people are not afraid to speak their mind and that many solutions are being discussed.
January 23, 2008 12:48PM
By Alexis Glick
I talked with Edelman President and CEO Richard Edelman about the economy and public relations. Click here to watch the interview.
January 23, 2008 12:39PM
By Alexis Glick
Click here to to watch part two of my interview with John Snow. We discussed the Fed’s .75% rate cut yesterday and Wall Street’s role in the mortgage crisis.
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January 23, 2008 12:20PM
By Alexis Glick
Click here to to watch part one of my interview with John Snow, former U.S. Treasury Secretary and Cerberus Capital Chairman. We talked about the economy and President Bush’s proposed stimulus package.
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