September 2008

Gang, The Warren Buffett interview clips are below! David Asman and I spoke with Warren Buffett this afternoon on Fox Business not only about his $5 billion dollar investment in Goldman Sachs (GS) preferred shares but about the urgency of the U.S. financial crisis. To say that Buffett, Chairman and CEO of Berkshire Hathaway (BRK) feels this needs to get pushed through quickly is an ... read more

Hi gang, Warren Buffett, the Chairman and CEO of Berkshire Hathaway (BRK) will only be speaking with one news network during market hours today: Fox Business.  Here's why this interview takes on added importance and urgency: the bond market is showing signs of cracks in early trade. After making a $5 billion dollar bet on Goldman Sachs (GS) last night by investing the grand chunk of money ... read more

Gang, Jeff Kindler, Chairman and CEO of Pfizer (PFE) joined me exclusively on Fox Business' Bulls and Bears show today to say his business is already being affected by the mortgage and subprime disaster and that Congress should pass the rescue plan being put forth by Henry Paulson and Ben Bernanke without delay.  Kindler and I took the stage at Radio City Music Hall in NYC this afternoon to ... read more

Hi Gang, Senator Hillary Clinton (D-NY) joined us on Countdown to the Closing Bell to explain that while Congress needs to move quickly on Treasury's $700 billion dollar bailout plan, it also needs to move efficiently and if that means taking a bit more time to get it right, then so be it. After meeting with the head of the New York Fed (which sure has been busy since facilitating the ... read more

Hey Gang, Amidst all this financial drama, two guys kept their heads while everyone on Wall Street was losing theirs: David Sokol, Chairman of MidAmerican Energy Holdings and Warren Buffett, Chairman and CEO of MidAmerican's parent company Berkshire Hathaway (BRK). While the Wall Street gang was desperately following each 'tick' of the government's moving-target plan that seemed to change ... read more

First on Fox Business, the author of the first tell-all memoir on the fall of Bear Stearns (BSC) went public for the first time today. Bill Bamber, a former Senior Managing Director of Equity Derivatives at the doomed investment bank, revealed his identity on "Money For Breakfast" this morning. Up until today, Bamber had remained anonymous, all the while penning what it was like on the ... read more

Oh Gang. Can you believe it?  Less than 3 days after the federal government let Lehman Brothers (LEH) die on the vine, the U.S. government rushed to the rescue of insurance giant AIG (AIG), after JUST SAYING SUNDAY THAT IT WOULDN'T!! While deets are still being worked out, it appears the Fed will provide a massive 'bridge' loan to AIG and in turn will take a huge stake in the company.  ... read more

 Hi gang, I've been up since 4am but can't go to sleep now. American International Group (AIG), the world's largest insurance agency, just got downgraded by Moody's and S&P...this after a brutal day of trading that brought the insurance giant's stock down yet another 60%.  Let's cut to the chase here: WHAT---WHO--- WILL SAVE AIG? The mere fact that I'm asking this question just hours ... read more

Intel (INTC), the world's largest microprocessor manufacturer is charging ahead. U.S. slowdown? Global recession? President and CEO Paul Otellini telling me in a Fox Business Exclusive today that he prefers to look ahead to innovation. Last June, Intel unveiled the Atom, a low-power, low-cost product meant to go in smaller electronics like NetBooks.  He told me this morning that sales are ... read more

Hi gang, Warren Buffett joined the Fox Business team at noon ET today to talk turkey about the government's rescue of Fannie Mae (FNM) and Freddie Mac (FRE).  He was his usual funny, pointed, smart self but gave us something to think about when it came to valuing the two embattled mortgage companies.  Buffett, one of the world's richest humans and the most brilliant investor of our time, ... read more