CNBC's Street Signs Recap Nov. 20th
Melissa Lee hosted today for Erin and started off Tuesday's show with an exclusive news break talking about stocks being down for the seventh time in nine sessions. Crude oil reached $98 for the first time, reaching a new high. They talked about Google and increasing their price target to $900 per share. Terry is looking for Google to mover in to powerful display advertising to gain market share, as advertising goes digital.
Samantha Davies came back talking about the bad weather approaching this week for the holiday season. Wednesday it will be very cold and rainy from the coast to the Great Lakes. On Thanksgiving it will be even colder in the Midwest and should expect many delays at several airports. Tim Zagat was on the show discussing the descent in airlines. He discussed specifically the increase in delays and cancellations. International airlines have fared much better than US domestic carriers. Midwest airlines and JetBlue airways have been the most successful economy carriers, because they are mostly business class airlines.
They came back discussing the drastic increases in oil and how the dollar weakness helps push crude oil to record closes.
The Bond Report: Santelli showed how 2-year note rates are still decreasing. He also said that the dollar index is decreasing very rapidly.
The Faber Report: Freddie Mac (FRE) has taken a large hit on their portfolio, especially today. Fannie Mae (FNM) has also taken a hit. Countrywide stock is below $10 a share and says that bankruptcy rumors are "absolutely false." 40% of their assets are in option arms. Fred Cannon has a $66 price target on FRE and $62 on FNM. He said that Fannie Mae gave us more of an insight to upcoming quarters. The government will eventually turn to GSE's.
Melissa came back with Paul Goodwin discussing the growing bear market in China. Many of the stocks are currently overvalued as well as very risk adverse. Aluminum China and E House China Holdings were two stocks that Goodwin said are taking your money and falling into downward trends. Predicts a rough three months for these stocks.
Lee came back discussing the value of the Canadian dollar and the Toronto Blue Jays. The Blue Jays make about $740,000 for every .01 cent increase in the loon compared to the US dollar.
Bertha Coombs discussed Oprah's favorite things this year. She gave away a $3800 LG HDTV Refrigerator on her show among many other lavish gifts.
Samantha Davies came back talking about the bad weather approaching this week for the holiday season. Wednesday it will be very cold and rainy from the coast to the Great Lakes. On Thanksgiving it will be even colder in the Midwest and should expect many delays at several airports. Tim Zagat was on the show discussing the descent in airlines. He discussed specifically the increase in delays and cancellations. International airlines have fared much better than US domestic carriers. Midwest airlines and JetBlue airways have been the most successful economy carriers, because they are mostly business class airlines.
They came back discussing the drastic increases in oil and how the dollar weakness helps push crude oil to record closes.
The Bond Report: Santelli showed how 2-year note rates are still decreasing. He also said that the dollar index is decreasing very rapidly.
The Faber Report: Freddie Mac (FRE) has taken a large hit on their portfolio, especially today. Fannie Mae (FNM) has also taken a hit. Countrywide stock is below $10 a share and says that bankruptcy rumors are "absolutely false." 40% of their assets are in option arms. Fred Cannon has a $66 price target on FRE and $62 on FNM. He said that Fannie Mae gave us more of an insight to upcoming quarters. The government will eventually turn to GSE's.
Melissa came back with Paul Goodwin discussing the growing bear market in China. Many of the stocks are currently overvalued as well as very risk adverse. Aluminum China and E House China Holdings were two stocks that Goodwin said are taking your money and falling into downward trends. Predicts a rough three months for these stocks.
Lee came back discussing the value of the Canadian dollar and the Toronto Blue Jays. The Blue Jays make about $740,000 for every .01 cent increase in the loon compared to the US dollar.
Bertha Coombs discussed Oprah's favorite things this year. She gave away a $3800 LG HDTV Refrigerator on her show among many other lavish gifts.
Labels: CHINA, CNBC, Crude Oil, Erin Burnett, FNM, FRE, GOOG, JetBlue Airways Corp., Melissa Lee, Midwest Air, oprah, Santelli, Street Signs, street signs recap, the bond report, the faber report
posted by Stock Administrator @ 7:31 AM
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