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Jim Cramer interviews Sirius-XM [SIRI
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] CEO Mel Karmazin, and the former chairman and CEO of AIG [AIG
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] comments on the housing market. Following are today's top videos:
Mad Money: Mel Karmazin on Sirius-XM Merger
“The fact is, [the merger] took a long time, it shouldn’t have taken so long, but it was worth waiting for because I think that the companies today are going to capture the values and you’re going to see the stock improve. I can’t control the stock, I can only control the company –- and we are doing everything right.”
--Mel Karmazin, CEO, Sirius XM Radio
One on One with Hank Greenberg
“I don’t think we’ve bottomed out yet in the housing sector. You may see the index go up a bit and down again in a month or two. I’m concerned that not even subprime, but more regular mortgages, are beginning to suffer because of the inability to take care of the increase in food and gasoline prices and housing. So I think we have a ways to go. I think into 2009, towards the middle of 2010, you can’t pick the moment, but I don’t think it will be 2008.”
--Hank Greenberg, Former Chairman & CEO, AIG
The Petrowski Plan
“There are a 165,000 gas stations in the United States. The signs of the prices are broadcast. Most convenience stores sell for a lower price than a lot of other areas, but everyone has different economics. But it’s an extremely competitive market. I think it’s silly when Congress gets involved and tries to find price fixing on the streets. Our customers are mobile.”
--Joe Petrowski, CEO, Gulf Oil
Last Week's Rally is Still a Fally
“I said on July 23rd -- I coined a new word: Fally which is a rally based on Fallacy and I said at the time: We’re going to have plenty of chances to use that in an environment where investors want to believe that it’s over and they’ll grasp at any positive news, make it extremely positive they’ll take it negative spin it positive, because this market really wants to believe that there is there is a turning point in the near future.”
--Kirby Daley, Strategist, Newedge Group
Maria's Market Message
“The latest international trade data and oil prices likely to set the tone for trading Tuesday. It was certainly oil sending stocks higher on Monday after another decline -- crude oil briefly falling below $113 a barrel before settling down 75 cents to a level of $114.45 a barrel. More concerns there about falling energy demand as a result of the global economic slowdown.”
--Maria Bartiromo, CNBC's Closing Bell
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- One shopper explains why – aside from the prices – he gets up at 3am on the day after Thanksgiving to go shopping every year.
- Congressman Ron Paul explains to Squawk Box why he’s pushing legislation to audit the Federal Reserve.
- …you'll want to be prepared. Tips for getting the most out of the post-Thanksgiving shopping frenzy.
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