Which bands make your Top 10? Squawk fans respond
Talking Squawk, the official "Squawk Box" blog, provides tidbits, insights and some sarcastic reflections on the WEEK THAT WAS and the WEEK TO COME from the notepad of the show's senior executive producer.
Top 10 bands! (the fans respond)
OK, I promised. So now I have to deliver. Last week, we asked you to post your all-time top 10 bands on our Facebook page and I would consider putting them in this blog. So if you're only here to see if your name made the blog, you can scroll down to the end and look for your list.
(Don't worry, I won't be offended that you have absolutely no interest in all the effort we have put in to make the rest of this blog a fun, educational, readable and entertaining experience. Don't feel guilty. Just jump right to the end. No hard feelings. Enjoy the rocket ride to fame that we may be providing you. Relish this launching pad to a public life of red carpet movie premieres, wild post-event parties, and multiyear seven-figure book and movie contracts.)
Now now for the six of you who are left (Hi Mom! ... Hi Aunt Lory!) Let's talk Obamacare.
Ugh, this thing's a mess
It's so bad, I don't want to talk about it. But we had a variety of guests on this week sounding various alarm bells. So I'll pass on their thoughts and then you can decide for yourself just how much of a mess this whole thing has become. Senator Lamar Alexander told us it's so bad that it's almost impossible to fix. Former Health and Human Services Secretary Tommy Thompson says Obamacare may need its own version of a taxpayer bailout. We found computer programmers that wrote a code for a website called The Health Sherpa—designed to make shopping for health care simple. (And they wrote the code in just three days!). A cybersecurity expert who testified before Congress said: Fix Obamacare site? "Better chance of seeing God."
In the Black
Scott Black, president of Delphi Management, has been a friend of "Squawk Box" for almost 15 years. He's got a winning track record for picking stocks and always comes to the show prepared with some new investing ideas and the facts to back up his case. Scott visited this week with a few more names he says are worth a look. So get a pen and paper out to write down his picks and then you can decide for yourself.
Billionaire value investor Mario Gabelli told CNBC Thursday that he sees big opportunities in media stocks—Time Warner, News Corp., Viacom, and Discovery will double in five years. Read about it here.
Elon Musk … the next Steve Jobs?
Steve jobs changed the computer business, the music business and the movie business. Billionaire entrepreneur Elon Musk changed the electronic payment business as the co-founder of PayPal. Now he's trying to change the way we make cars via Tesla (and the way we think of space travel through SpaceX). So is Musk the next Jobs? We asked Walter Issacson—the man who wrote the book on the Apple founder.
Tesla troubles and fortunes
Tesla's Model S—the focus of a federal investigation—has topped the latest owner satisfaction survey from Consumer Reports. Our car guy, Phil LeBeau, looked at the annual survey of new car buyers, which gave the electric car a rating of 99 out of 100. CR says the near-perfect score is the highest a vehicle has received in several years. The Model S finished ahead of the No. 2 Porsche Boxster and the Chevy Volt, which finished third with a rating of 91. The Volt topped the CR owner satisfaction survey in 2011 and 2012.
The Fed taper guessing game
Following this week's release of the minutes from its October meeting, the Federal Reserve looks set to move sooner rather than later to taper its bond buying—once more surprising markets that have been repeatedly confused about the Fed's timetable. Here's analysis from our online markets guru, Patti Domm.
Meanwhile, Pimco's Mohamed El-Erian weighed in with a warning about the Fed's shrinking "safety net" under stocks and other risk assets.
Agent Tim Geithner, private equity warrior?
Say it ain't so, Tim Geithner—hero of the financial crisis, the man who helped save a nation. Could mighty Tim even consider joining the crowd of evil, greedy, money-hoarding, jet-setting, yacht-owning, Lamborghini-driving, supermodel-on-each-arm private equity players!?
Absolutely! But before you pass judgment, Check out Andrew Ross Sorkin's column in The New York Times.
Joe: "There is a cultural reference to almost everything in Seinfeld. And I intend to use them all."
Andrew: "If it's any help … I am Master of my own Domain."
Earnings on tap (short and quiet for the Thanksgiving week)