Archive for the 'Coming Up' Category
November 14, 2008 2:42PM
By Cheryl Casone
Tomorrow, Saturday, I am going to be anchoring throughout the afternoon on several things. The most important thing? Your money! Of course the backdrop of our coverage is the G20 Summit, but we are having our own financial summit in our studios in New York. Stuart Varney, Dagen, Tom, and myself plus a panel of experts, some surprise guests, and of course some talks with my main man Neil Cavuto. He’s in Washington at the White House. He gets the best assignments, but hey, he’s Neil.
Email us at feedback@foxbusiness.com OR call us tomorrow 877 249 9626 between 8am and 4pm Eastern time.
TGIF
CC
November 13, 2008 2:00PM
By Cheryl Casone
That was my best guess on the show today, that unemployment goes to 8% by December. Retailers will not hire seasonal workers, and more white collar jobs are going to be lost. Out of Chicago today, news that city workers and private sector jobs are going going gone. We are working to get Mayor Daly on the show tomorrow, I will keep you posted.
Also, this assessment of initial jobless claims from Charles Brady of the fox Business desk:
“The number of Americans seeking first-time jobless benefits jumped 32,000 to 516,000 last week, the highest since September 2001 (during the last recession). We should note that initial claims have crossed above the half-million mark in each of the last five recessions.
Another important measure in this morning’s report was continuing claims. This figure tracks the number of workers collecting benefits for more than one week. Continuing claims rose by 65,000 to 3.897 million last week. That was the highest in 25 years (since January 1983). A rise above the 3.5 million level has coincided with each of the past five recessions. Continuing claims have been climbing steadily since last October. The rising trend means it’s taking unemployed people longer to find jobs. Today’s report comes on the heels of the monthly employment data out last Friday, which showed the unemployment rate jumping to a 14-year high of 6.5% in October.”
CC
October 29, 2008 9:34PM
By Cheryl Casone
I have been slacking on my blogging this week because I’m gearing up for my trip to Phoenix, Arizona. I leave Thursday, and will be live throughout the day on Fox Business.
What a great opportunity (yes, it’s the Opportunity in America series) to talk with local politicians, residents, business owners, and real estate experts. My show will be live from 12 to 1pm ET from our location, and we’ve got some great guests lined up. Think insiders from the McCain camp, CEO’s of major companies, sports legends, and some people from my dark secret past!
We’ll be at the Camelback Inn and Resort, which is owned by Marriott. They just received a $65 million dollar makeover, and the town is gearing up for the 2009 NBA All Star Game.
See you in the Valley of the Sun!
CC
October 2, 2008 5:26PM
By Cheryl Casone
Ron Paul will be joining us at 12 Eastern on Friday to discuss the new house vote. Although details seem to change as quickly as a model at fashion show, I’m looking forward to seeing what his next prediction is about the Rescue Bill.
When he we talked to him last week, he believed there would be a Great Depression. If the House, and again, the timing is murky for Friday, does pass the vote, I want to ask him to predict how long before we see the economy begin to recover, if at all.
If you have questions for the Representative, please leave them in the comments section. I’ll go through them before the show.
CC
October 2, 2008 10:23AM
By Cheryl Casone
Once again I find myself upset with Washington. They voted down a 700 billion dollar package (which I still believe was/is needed to unfreeze the credit market as I watch IBM and AT&T deal with CP problems this morning) and turned it into a piece of pork. They lost credibility on Monday by saying a deal was in place, when in fact it wasn’t. Strong decisive action was needed, and Paulson’s original plan was just that. Now that Congress is mucking up the water with a lobbyist wish list, I understand why nothing ever gets done. They can’t help themselves, it’s politics as usual. No wonder they have a 17% approval rating.
Want to know what your Senators added to the bill? Wooden arrows! Check this out:
* Manufacturers of kids’ wooden arrows - $6 million.
* Puerto Rican and Virgin Islands rum producers - $192 million.
* Wool research!
* Auto-racing tracks - $128 million.
* Corporations operating in American Samoa - $33 million.
* Small- to medium-budget film and television productions - $10 million.
Tom Schatz, president of the watchdog group Citizens Against Government Waste told the New York Post
“There’s always something that goes on at the end where the last dozen members are trying to get something for themselves or for a special interest rather than what might be good for the country,” Schatz said.
AMT is hitting more of the middle class, and there is a provision that shields another 20 million Americans from it.
I still believe the bill did and needs to go through, because credit is drying up this week even further. Everyone calls Wall Street greedy, but rum production? Really?
CC
David Williams VP of Policy for the Citizens against Government Waste joins us on this.
June 24, 2008 6:29PM
By Cheryl Casone
Does anyone feel the need for a reality check? I am mostly a positive person, not to the point of Pollyanna, but I am positive. Turns out there are “a lot” of positive people out there. Scott Rasmussen was on today talking about his latest poll. Only 9 percent reported their home was worth less than they paid for it. I questioned him on it, and he said “look, they might have bought four years, seven years ago, and they are losing money.”
Reality bites doesn’t it? I don’t have much sympathy for home flippers, and I don’t feel too terrible for those that put zero down, and can’t pay their mortgage. But, I do feel sorry for folks that have not faced the reality that their home is not worth on paper what they think it is.
79% percent say buying home is still a good investment. 81% of homeowners are somewhat or very confident they know how much their home is worth in today’s market. BUT 80% SAY THEIR HOMES HAVE INCREASED IN VALUE.
Ok folks, you think you know what your home is worth? Reality is that it is worth less right now if you were to sell it than you think. Even in some of the stronger recession proof markets, prices are down according to real estate agents about 30%.
The market in New York City is under pressure. Real estate agents here are quoting prices in Euros, because the Europeans are the only ones who can afford NYC prices! We’ll have a guest on the show Thursday to talk about that angle of the story.
Feel free to disagree with me because I hope I am wrong on this one!
CC
June 10, 2008 10:10PM
By Cheryl Casone
Talk about a late night blogging session, it is way past my bedtime but just wanted you to know I will be blogging tomorrow, Wednesday, from the WSJ Dealmakers Conference.
We spent the afternoon there today, and I have a couple of exclusive interviews I will be sharing with all of you tomorrow. What I found the most interesting was that still, even at this point in the game, the smartest guys in the room, and gals, still disagree on where we are with regards to the credit crisis. It is going to make some interesting television tomorrow, and later on I promise to post some of my interviews on the website for those of you that don’t yet get Fox Business in your area.
I can tell you this. My interview with Peter Fisher of BlackRock is “don’t miss television!” We covered it all from energy, to the financials, to housing, and the Federal Reserve. In particular his comments on where he thinks the financial sector is going are not to be missed. A somewhat dire prediction from a man who is respected and well-liked in the community.
See you early on Money for Breakfast.
CC
May 20, 2008 10:48PM
By Cheryl Casone
A new study came out today about airline satisfaction. So, basically Americans hate the airlines. Shocker! We are about as satisfied with airline service, safety, and performance as we were back in 2001, and that was a year we felt pain and sadness for the industry. They really managed to turn that goodwill into the exact opposite huh?
I’ve defended the airlines before on this blog, so I will not repeat my sentiments, except to say there are misconceptions about the business of airlines. It is not a cash cow. If you want to make money, become a heart surgeon or invent a better set top box than Apple TV, but don’t dare try to invest in, or start up an airline. You might as well attempt to break the guiness world record for stupidity.
Having said that, I love planes, I love flying, and would love to learn to pilot one at some point…..but I hate the airline too. It is no fun to travel anymore. Remember when it used to be fun and exciting to get away from home and see something or someone new? I still feel that way, but also feel maybe I can accomplish that somewhere in the greater New York area.
One caveat: I hope we don’t see the alternative to our present situation, which I believe will be 3 airlines left standing, and a 300% jump in ticket prices. I wonder what those folks that answered the airline satisfaction survey would say if I told them that because of high jet fuel prices, things will get worse AND more expensive?
Is it time for the government to step in? If they do, what would that action look like?
Until something happens, prepare to be charged for checking more than one bag when you fly.
How does that couch and flat screen television turned to the National Geographic Channel sound now?
Just asking….
CC
May 6, 2008 3:04PM
By Cheryl Casone
I am back from my reporting adventure in Paris. Did I feel the shock — as in sticker shock? Let me describe it to you this way: There are NO Americans right now in Paris. Sure, I saw the occasional businessman or woman, but overall, the American tourist is NOT in Paris — or in Europe in general.
First. let’s talk money. Some examples of what we paid in dollars for things while in Paris.
Bottle of Evian: $12
Two cocktails at Buddha Bar: $50
Dinner for two including wine at non-descript French bistro: $180
3 Nights at Le Meridien Etoile: $975
Train Ticket Plus Entrance to Versailles Castle: $38
One way taxi to and from Orly airport: $45
Are you feeling a little sick yet? Tomorrow, we have a currency expert coming on the show. I knew this trip would cost me, but I also want to know, and plan to ask the guest, exactly who benefits from the weak dollar? I know it’s U.S. companies that export overseas. But how does the weak dollar affect the Germans, the Swiss, the British?
I’ll post the interview here tomorrow afternoon.
Also, stay tuned for several more installments of an American Dollar in Paris, including pictures, stories and possibly some video — if I can figure out how to post it.
CC
March 22, 2008 12:19AM
By Cheryl Casone
As promised here are Tracy’s Tax Tips from Friday. Tracy is going to be joining the show each Friday, giving us her weekly dose of reality. Taxes, they are a certain thing, and she certainly knows what she is talking about.
As posted earlier at www.foxbusiness.com but just in case you missed it:
While your kids clearly aren’t going to save your hairline, they might actually save you some money.
To start, you’ll get a $1,000 child tax credit dependent child under age 17 as long as your adjusted gross income doesn’t exceed $110,000 as a married couple or $75,000 as a single person.
Then, if you pay someone to watch your kids, ages 13 and younger, so you and your spouse can work or go to school, you may also qualify for the child and dependent care credit. That could be as much as $1,050 for one kid and $2,100 for two or more.
So add up those daycare or after-school care costs. And if your kids went to day camp this summer so you could work, incorporate those costs too. Don’t bother with sleep-away camp, though. Uncle Sam considers sleep away camp a luxury, not a necessity. (Does he have kids?)
To calculate your credit, include up to $3,000 of your annual expenses for one child, or up to $6,000 for two or more kids.
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