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Friday, November 16, 2007

CNBC's The Call Recap Nov. 15th

Trish Regan hosted Thursdays show. Thanksgiving gas prices were the first topic. A CNBC survey says that 80% of people will travel by car; and over 2.6 million people to travel more than 50 miles. The forecast for Thanksgiving gas prices is about $90/barrel. The average price per gallon of gasoline for the country is currently about $3.19. Next, the XM/Sirius merger. Gary Parsons, XM Satellite Radio Manager, says the merge is still awaiting FCC and DOJ approval. XM subscribers make XM Satellite the #1 radio program in the world. The future of Satellite Radio, after the merge with XM Satellite, will provide radio stations for the entire family as well as the individual. Gary Parsons says that there is only about 3-4% of the people in the world that listen to Satellite Radio. There goal is to get those numbers up to 10-12%, and provide the very best quality and bang for the consumers buck as possible. This is good news for investors, says CNBC. There is not enough room for both Satellite Radio giants to roam within the market. The merge is a great proposal says Steve Liesman. Next was Home Healthcare. Home Healthcare is a $52 B business. Bill Bonella of Wachovia says there is great growth potential for these sorts of programs that bring healthcare to the patient. Whether it be a chronic disease or aging, Home Healthcare is being sought as the choice for much of the sick and elderly across the country.

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