Pfizer reaches a deal to buy rival drugmaker Wyeth, reports CNBC’s Mike Huckman; with Catherine Arnold, Credit Suisse
Author: KKPnyc
Keywords: Catherine Arnold KKP
Added: February 18, 2009
Daily Archives: February 18, 2009
Goldman Sachs Partners Borrow to Cover Margin Calls!!
Tough times on Wall Street are reaching all the way to the highest levels of the most storied former investment bank—Goldman Sachs—as partners there are being forced to borrow money to cover margin calls, according to sources within the firm.
But Goldman stock [GS 83.64 -2.07 (-2.42%) ] has declined in value by more than 50 percent since last spring, meaning that Goldman Sachs is in the awkward position of making margin calls on its own partners, who can’t meet those calls because their alternative investments are underwater and they don’t have enough cash on hand.
Now those partners are being forced to borrow money—millions of dollars—to meet Goldman Sachs’ own margin calls.
Sources at Goldman told CNBC that the borrowing is not a widespread phenomenon. It affects a “few” partners, sources say. But it is significant enough that the firm is arranging for its own financial advising firm to help facilitate borrowing for partners that need the money.
Buying stock on margin—basically on credit—is inherently risky. When markets turn down and stock values fall, the people who offer that credit call their clients, needing more cash to make up the lost value.
These “margin calls” are a classic sign of bad times in the market all the way back to the depression, and now they’re back, big time.
Author: doobsta
Keywords: Goldman Sachs Covering Shorts Economic Collapse Dow TSX S&P 500
Added: February 18, 2009
Flashback: CNBC Bows to Sir Allen
Flashback: CNBC Bows to Sir Allen
So the only person feeling as bad as Robert Allen Stanford’s investors may be CNBC’s Carl Quintanilla, who took obsequiousness to new heights (lows?) in this 2008 interview.
February 18, 2009 | 10:22am
Author: World4theories
Keywords: Flashback: CNBC Bows to Sir Allen
Added: February 18, 2009
Fabrizio Musa Intervista Class LIfe CNBC (Sky 505)
Fabrizio Musa Intervista Class LIfe CNBC (Sky 505)
Author: fabriziomusa
Keywords: Fabrizio Musa Intervista Class LIfe CNBC (Sky 505)
Added: February 18, 2009
Squawk Tutorial – SECOND – squawk to exit trades
Second video; Ben talks about the most important part of trading.
http://www.tradersaudio.com
Ben Lichtenstein has appeared on CNBC and Bloomberg TV, has shared his expertise on Bloomberg radio, and has been published in numerous periodicals including Futures magazine and Stocks & Commodities. He is a member of the Chicago Mercantile Exchange with over 15 years of experience working on the trading floor.
TELEPHONE:
please call before 10:15 cst 312-715-6014
mention YouTube when calling
E-MAIL:
Coli@TradersAudio.com
mention YouTube when e-mailing
Contact Ben directly; benl@tradersaudio.com
Author: SquawkAnalyzer
Keywords: tradersaudio s&p briefing stock market indicator emini YM ES day trading finance money economic 500
Added: February 18, 2009
Squawk Tutorial – FIRST – what is squawk
First video; Ben describes what squawk is and it’s various uses to listeners.
http://www.tradersaudio.com
Ben Lichtenstein has appeared on CNBC and Bloomberg TV, has shared his expertise on Bloomberg radio, and has been published in numerous periodicals including Futures magazine and Stocks & Commodities. He is a member of the Chicago Mercantile Exchange with over 15 years of experience working on the trading floor.
TELEPHONE:
please call before 10:15 cst 312-715-6014
mention YouTube when calling
E-MAIL:
Coli@TradersAudio.com
mention YouTube when e-mailing
Contact Ben directly; benl@tradersaudio.com
Author: SquawkAnalyzer
Keywords: tradersaudio futures analysis snp500Trader s&p briefing stock market indicator emini YM ES day trading finance money economic
Added: February 18, 2009
CNBC David Faber on Hardball it was cash out Yuppies Countrywide
TheRealDeal – What the stimulus means for housing
CNBC’s Trish Regan unpacks what the economic stimulus bill, signed into law yesterday, means for real estate and related industries. The bill includes a tax credit for first-time home buyers and will create jobs weatherizing homes and in construction. For more information please click on the link provided: http://www.msnbc.msn.com/id/22425001/vp/29233852#29233852
Author: RealDealNews
Keywords: amir bill cnbc deal korangy msnbc new real regan stimulus trish york
Added: February 18, 2009
GMA blasts CNBC 21809 MPEG4
Good Morning America blasts CNBC for a fluff piece they did on RA Stanford asking the man, who’s now on the run, how it feels to be so rich. Ridiculous!
Author: buffettbuddy08
Keywords: RA Stanford Madoff Ponzi Good Morning America CNBC Investigation
Added: February 18, 2009
Lottery scam looks authentic, but is too good to be true (Norwalk Reflector)
These days, an unexpected check in the mail is about the best thing that can happen. But if the check is for winnings from a lottery you never entered, it’s probably be too good to be true.