- EU Opens Probe in BHP Billiton Bid for Rio Tinto
- Worse Car Sales Decline Expected in Western Europe
- Euro Banks Need to Raise $90-$140 Billion: Goldman
- BSkyB Mulls $4 Billion Bid for Spain's Digital Plus: FT
- On the Bright Side, Shopping Bargains Abound
- Euro Stocks Fall as Goldman Note Hits Banks
- Return of Asian Currency Crisis Is Unlikely: ADB
- European Shares Set to Open Flat as Holiday Shuts US
- Airbus to Sell Five A380s to Japan's ANA: Nikkei
- Bowyer: Back to Monarchy in Land Rights?
- Parking Cash in European Telecoms
- Bargain Stocks: Nokia, Spectra, Incitex Pivot
- Sticker Shock: Fast Money's Inflation Special
- Our Favorite Inflation Trades
- Warren Buffett's Annual Stock Gift to Gates Foundation Worth $1.8B This Year
- That '70's Trade
- The Villain Of Our Story
- The Blame Game
Business magnate Donald Trump recently sold a house in Palm Beach for $100 million, although the U.S. housing sector is still weak, he told "Squawk Box."
"I'm a little bit of a tale of two cities. I just sold a house in Palm Beach for a number of approximately $100 million," Trump said. "I bought it a little while ago and sold it for a lot of money."
"Palm Beach or Manhattan, they are doing pretty well. You go outside of Manhattan, I can't think of a community that's doing well," he added. (The entire Trump Interview can be heard here).
The U.S. economy is driven by oil, Trump added, and at the moment there are better investment opportunities abroad.
"Probably the saddest thing of all is that not many people want to invest in the US right now," he said.
But the situation is likely to improve soon, Trump added. "Things that I couldn't buy a few years ago, I would be buying," he added.
Print
Email
Del.icio.us
Digg It
Data is a real-time snapshot *Data is delayed at least 15 minutes