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piggy bankFour well known CEOs weighed in on CNBC's Squawk Box, giving their particular insight on economic conditions one day after the Federal Reserve made yet another basis rate cut. Each of the four Chief Executives acknowledged the tough going in the economy, yet each also sought to inject a thread of optimistic patience into their commentary.

Mike Jackson, CEO, Auto Nation Inc. (NYSE: AN), came to the defense of Reserve Board Chair Ben Bernanke. While admitting that the chairman may have crawled blindly into what is now mostly economic turmoil, Jackson stated: "...I think he absolutely has it right now. He's got to be on full flight recession mode, and we'll worry about the dollar, and commodities and inflation later." Personally, I think Benanke should be making moves to protect the consumers and their dollars first, and let inflation take care of itself until the consumer sector is back up to speed.

Wilbur Ross, CEO, W L Ross & Co. Played the most obtuse card stating: "My own opinion is that it's just more of the same volatility." More of the same volatility? Yeah the economy is volatile ... DUH!

Continue reading Four CEOs give economic commentary on Squawk Box

Four CEOs give economic commentary on Squawk Box originally appeared on BloggingStocks on Wed, 19 Mar 2008 16:24:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>Auto NationAutoNationBen BernankeBenBernankeClarence OtisClarenceOtisDardenFederal ReserveFederalReservefoodgasolineinflationInterest ratesInterestRatesJohn HofmeisterJohnHofmeisterMike JacksonMikeJacksonoilrestaurantsShell OilShellOilSquawk BoxSquawkBoxwheatWilbur RossWilburRossWL RossWlRossWed, 19 Mar 2008 16:24:00 EST<![CDATA[Newspaper wrap-up: E*Trade and TD Ameritrade in merger talks]]>http://www.bloggingstocks.com/2007/08/22/newspaper-wrap-up-e-trade-and-td-ameritrade-in-merger-talks/http://www.bloggingstocks.com/2007/08/22/newspaper-wrap-up-e-trade-and-td-ameritrade-in-merger-talks/http://www.bloggingstocks.com/2007/08/22/newspaper-wrap-up-e-trade-and-td-ameritrade-in-merger-talks/#commentsFiled under: , , , , ,

MAJOR PAPERS:
  • According to the Wall Street Journal (subscription required), citing people familiar with the matter, E*Trade Financial Corporation (NASDAQ: ETFC) and TD Ameritrade Holding Corporation (NASDAQ: AMTD) have been in serious merger discussions for weeks, but are still not close to a deal.
  • Dubai World, a holding company for the Persian Gulf state, will purchase a 9.5% stake in MGM Mirage (NYSE: MGM), the Kirk Kerkorian controlled Las Vegas casino company, for $5B. The deal will also give Dubai World 50% ownership in CityCenter, MGM's most ambitious development project, reported the Wall Street Journal.
  • The Wall Street Journal reported that almost 10 months after Google Inc (NASDAQ: GOOG) acquired YouTube for $1.65B, the video-sharing site is rolling out its first advertisements in the videos.
  • The Financial Times (subscription required) reported that private equity firm WL Ross is looking to get involved in the subprime lending business, said the firm's owner, Wilbur Ross. WL Ross may look to acquire lenders, mortgage portfolios or even companies that service loans, Ross added.
OTHER PAPERS:

Newspaper wrap-up: E*Trade and TD Ameritrade in merger talks originally appeared on BloggingStocks on Wed, 22 Aug 2007 09:15:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>ameritradeamtdconocophillipscope*tradeetfcetradeexxonfinancial timesFinancialTimesftgooggoogleKazakhstanmgmmgm mirageMgmMiragemobilnew york timesnewspaperNewYorkTimesny timesnytNyTimespaperperiodicalrds.ashelltottotalwall street journalWallStreetJournalwl rossWlRosswsjxomyoutubeWed, 22 Aug 2007 09:15:00 EST