With Respect ...
This blog is meant to be a funny and sarcastic look ahead and back at business news through the unique "Squawk Box" lens. But at times this week, there was no way I could view anything from that point of view.
From the horrific, cowardly acts in Boston to the tragic explosion in West, Texas, I simply didn't know what would feel appropriate. I asked my wife, who has to balance emotions like this on-air every day. She expressed her concern, too, but then noted we were going to be late for work and better get moving.
As she often does, this led me to as good an answer as any I could come up with on my own.
No matter what, in life we all still have to keep going. Going to work, to school, to church, to the game, to the store. Going to life, every day. It doesn't mean we do it without respect, or faith, or a heavy heart. But we all have to keep moving forward, just as America has proved it can, time after time, challenge after challenge.
However, before we begin, I need to say on behalf of everyone in the "Squawk" family, our hearts and prayers are with all the victims of both the tragic explosion in Texas and the senseless acts of violence in Boston.
So now, this week, with respect, let's keep moving and "Talking Squawk."
It may be one of the most important things we do on the show. The "Squawk Reserve" brings our viewers access to live interviews of sitting Federal Reserve Board governors. This kind of access just didn't happen on TV 10 or 15 years ago. I just wish I personally understood "Fed-Speak" better (or had paid more attention in college economics class.). So without further ado, here is this week's very important man saying very important things that I don't understand but know are very important (story).
If someone tells you they know where the stock of Apple (AAPL chart) is going, don't believe them, because they don't. Two hundred dollars on the way to $400, on the way to $700 on the way to $1,000—oops, hold on! We need to "adjust our numbers."
Let's make that $700 on the way to $500 on the way $395 on the way to. … Name me a person who called this right before the opportunity to "adjust" multiple times? No one has any idea how to value this company, because it hasn't traded on fundamentals in a very long time.
*DISCLAIMER: I have nothing against Apple, and I love their products.