Investors want straight talk from their CEOs, and a chief exec can't get much more direct than saying their company's business outlook "sucks." Speaking at an investor conference in New York Wednesday, the CEO of homebuilder D.R. Horton, Donald Tomnitz, said this 2007 -- all 12 months of it -- is "going to suck." Today on "Power Lunch," CNBC's Diana Olick took a closer look at CEO straight talk -- and how Donald Tomnitz may not be one-of-a-kind, even among homebuilder chief execs.
This afternoon-- Sirius Satellite Radio CEO Mel Karmazin will be on Capitol Hill pushing for a merger with rival XM. Should the government approve the proposed merger between Sirius and XM or would it kill any competition? Skeptics say it is unlikely to benefit consumers or investors but the biggest obstacle will be antitrust regulations.
What do you do if you are a corporate or political leader and your predecessor continues to gain media attention after retirement? Former Fed Chief Alan Greenspan has been sharing the spotlight with Ben Bernanke, who’s been chairman for more than a year. Once retired, should they just walk away quietly?
Mort Zuckerman is not only the owner of U.S. News and World Report and the Daily News, he is also a major player in the business world as chairman of Boston Properties. He's also one of the savviest and most successful real estate magnates around. Zuckerman spoke with...
Former Federal Reserve chairman Alan Greenspan says that the U.S. has a ‘one-third probability’ of falling into a recession this year. Greenspan’s outlook contrasts that of his successor, Ben Bernanke, who believes that inflation is a bigger problem for the economy..so who's right?
Once a sure-fire safe buy, gold now confounds many market watchers. The precious metal is at a six-week low and has extended last week’s slide. Are these low prices a buying opportunity or a red flag? George Gero, vice president of Global Futures at RBC Capital Markets, and Jon Nadler, analyst with Kitco Bullion Dealers, appeared on "Morning Call" to debate whether gold has lost its safe-haven status.
Is now a good time for investors to rethink their international strategies? John Praveen, Chief Investment Strategist at Prudential International Advisors and Reiner Triltsch, head manager of the U.S. Trust Excelsior Funds, joined "Street Sign’s" Erin Burnett this afternoon to take a closer look at current investment opportunities abroad.
The Japanese yen is the best-performing currency this week. It's gained 3.4% over the last few days, which is the biggest increase since December of 2005. With currency carry trades making the headlines, CNBC’s senior economics reporter, Steve Liesman, appeared on "Squawk Box" this morning to give a simple lesson to better understand the yen carry trade.
Apparel retailer Gap Inc. reports fourth-quarter earnings after the bell today. Analysts expect earnings of 24 cents, according to a poll by Thomson Financial. Investors are hoping the troubled retailer will offer some hope that a turnaround is possible. Kimberly Greenberger, retail analyst at Citigroup, and Gabrielle Kivitz, retail analyst at Deutsche Bank Securities, spoke with CNBC's Bill Griffeth this afternoon on Gap’s strategy.
Silver is not just used in jewelry anymore. It can also help save lives.Noble Biomaterials is a private company that uses silver-laced fibers in everything from military apparel to shirts for pro athletes. The founder, Bill McNally, appeared on Power Lunch this afternoon. “What I like to tell our customers and our employees is that we are in the business of saving people’s lives”, he said.