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Wednesday, April 7, 2010 as of 11:14 AM ET

The Casone Exchange
  • July 29, 2010 03:42 PM UTC by Cheryl Casone

    Best Guess: Back from Vacation

    As many of you know I took the week of July 18th off from Fox Business to celebrate a birthday.  It was a birthday best celebrated OVERSEAS!  I spent a few nights in my favorite city Paris, then we went down to Bordeaux to do  some wine tasting and also watch the Tour de France.  The latter a complete coincidence, but it was pure luck to see Lance Armstrong race the final Tour of his career.

    I have been catching up this week and Best Guess is no exception.  Here’s what you’ve missed this week on the big Noon ET show on Fox Business.  See you tomorrow!

    CC

    Thursday: 

    BOB O’BRIEN: Amid all the market uncertainty, dividend payers have been the single best way to play the equities market. If I had new money to put to work today, I’d be buying the Dogs of the Dow. Because they’re the highest-yielding blue chip stocks.

     ASHLEY WEBSTER:  The number of Americans filing first-time claims for unemployment insurance fell to 457,000 last week… it may have fallen but it’s still above 450-thousand!!Economy maybe slowly improving but it seems businesses are investing in equipment rather than workers.. job market is going to struggle for some time to come.

    CHERYL:  Goldman Sachs is the first but not the last to mandate cleaning up the language in emails for all employees.

    Wednesday

    STEVEN : My best guess is that we will see a housing shortage in the US based on our 50 yr population growth constant of 1% per year(over 3 million people need new dwelling units per year) by the end of 2011 given the recent and projected ultra low production levels of new housing starts – if production does not increase significantly .i.e.: 1 million more units needed per year on a national level this will become a reality – foreclosures do not equal new housing product they equal a displacement of a home owner to a new rental tenant competing with other rental properties like apartments – thus the lower occupancy rates in apartments over the last 12 months – areas hit hardest first are already recovering and prices are on the rise – inventory is shrinking to low levels in those areas – this will create new jobs and taxes in those areas – I do not anticipate a double dip in home prices as the natural price reset is replacement cost/new construction cost which is higher than current market prices by as much as 20-30% depending on the area.  That will be the auto reset in pricing once inventory goes.

    SANDRA SMITH : Gold demand will push back the price per ounce above twelve hundred dollars. 

    Tuesday:  

    JORDAN KIMMEL: DOES reform will follow up to become more responsible- and helps to promote the concept of looking out for “all stakeholders”.

    KIMBERLY GUILFOYLE: I predict that that the drop in Consumer Confidence which has fallen to a new low will not improve significantly until after the November Elections and the American people are confident neither party can push its agenda through without compromising (Gridlock). 

    Monday:

    LIZ MACDONALD: Wall Street, investors, taxpayers and the govt will likely get a first glimpse of BP’s defense of why it was not grossly negligent in its oversight of the Macondo Well when the oil co. releases its 2q results on July 27. That defense will matter greatly, given BP will release the initial results of its internal probe into potential company negligence in August.

    JIM AWAD:  Bush tax cuts=what to do about them? that will be the major discussion now that healthcare and financial reform are done-my guess is s all political and  they will be given some sort of extension so as to boost the weak recovery and because no one wants to be blamed for a tax increase.

    CHERYL:  Ratings for the Tour de France will drop 5 percent year over year for 2011.  With the loss of Lance Armstrong now a final event, the doping allegations still in the headlines, and the complete lack of interest from the French, the world cycling community will lose fans and viewers around the globe.

Carla, Ballwin,MO

Le joyeux anniversaire! Great birthday trip - how exciting to see Lance in his final Tour de France race - 23rd place wasn't bad considering a few crashes. I saw part of it on TV, great coverage and terrific camera angles - those motorcycle camera guys have a fun job! It must have been wonderful actually watching it from lovely France. Keep up the great reporting!

July 30, 2010 at 11:13 am

chuck

I've been to Paris and I'd like to go back. On my first trip to europe I visted London,Canterbury,Bath,and Edinbourgh but in Paris I enjoyed the metro. I visited Amiens outside of Paris which is historic for world war one. I visited Versielles as well. But to ride the metro is a fun experince.

July 30, 2010 at 9:53 am

PeteRubelo@aol.com

Why,why,why do all major news moderators (not just Fox) always say "It's you money!) when talking about waste in government? Don't you pay taxes too? Why this holier than thou attitude? Love all Fox shows and will keep watching, John

July 29, 2010 at 9:12 pm

about this blog

  • Cheryl Casone joined FOX Business Network (FBN) in September 2007 as an anchor. Prior to FBN, Casone served as a correspondent for FOX News Channel’s (FNC) business unit and was a regular guest on FNC’s Your World with Neil Cavuto. Casone brings years of experience covering finance, business, and consumer news to FBN.

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