Posts filed under “Video”
GM’s Wagoner Calls Bankruptcy `Unimaginable Consequence’
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Rick Wagoner, chief executive officer of General Motors Corp., talks about the company’s third-quarter operating loss, liquidity and prospects for federal aid. The largest U.S. automaker said it may not have enough cash to keep operating this year and will fall “significantly short” of the amount needed by the end of June unless the auto market improves or it raises more capital. GM posted a $4.2 billion operating loss and said its available cash fell to $16.2 billion on Sept. 30. Merger talks with Chrysler LLC were suspended.
Alan Mulally Says Ford Has `Sufficient’ Liquidity
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Alan Mulally, chief executive of Ford Motor Co., talks about Ford’s third-quarter loss, liquidity and the outlook for Ford’s recovery. Ford posted a third-quarter operating loss of $2.98 billion and said it used up $7.7 billion in cash
David Ranson, of H.C. Wainwright & Co. Economics Inc., tells Dow Jones Newswires that accelerated bankruptcy would be a better option to resolve the current financial crisis.
Why Paulson’s Plan Won’t Work
Jan Hatzius, chief U.S. economist at Goldman Sachs & Co., talks with Bloomberg’s Carol Massar and Julie Hyman about the outlook for the October employment report and the need for another government-sponsored stimulus package. (Source: Bloomberg)
00:00 Hatzius previews the jobs report
01:54 Fed rate cuts; need for stimulus package
Running time 04:59
Hatzius Sees U.S. Unemployment at 8% by End of 2009: Video
Bloomberg, November 7, 2008
Kitco Bullion Dealers senior analyst Jon Nadler discusses how the U.S. dollar and the exodus of fund money from commodities are impacting the outlook for gold prices.
A Golden Future?
via the Onion