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Current DateTime: 05:44:39 05 Dec 2008
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Natalie Erlich, | 09 Jun 2008 | 06:27 PM ET
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The Dow recovered some of its losses from last Friday as oil dropped more than $4 Monday.

Unveiling the New iPhone

“But, interestingly, Steve Jobs, when he unveiled this phone, he didn’t pull it out of his pocket; didn’t hold it up; he didn’t show it off. And, that’s leaving some to suggest that maybe there aren’t a lot of these phones around and that down the road Apple [AAPL  Loading...      ()   ]may suffer some kind of supply issues.”

- Jim Goldman, CNBC Silicon Valley bureau chief

Paulson On Everything

“There’s no doubt that oil prices [US@CL.1  Loading...      ()   ]where they are is a problem. There’s nothing welcome about it.  It’s a real headwind, but we’re focused on it and I do believe that the stimulus checks that went last month and are going out this month are going to make a difference and we’ll have jobs that we wouldn’t have had if we hadn’t had these stimulus checks.”

- Henry Paulson, U.S. Treasury Secretary

Lehman's $2.8 Billion Loss

“It’s almost all mark-to-market. And, it’s an attempt, I think, by the company to put anything, everything and anything that can be possibly be anything—Well, from UBS [UBS  Loading...      ()   ] it may be B.S. From Lehman I think that Dick Fuld is Lehman [Brothers Holdings] [LEH  Loading...      ()   ]; Lehman is Dick Fuld. You’ve got a management that wears the corporate logo on its heart.”

- George Ball, Sanders Morris Harris Group chairman

Maria's Market Message

Crude may be falling, but gasoline keeps hitting new record highs. According to AAA, the national average for regular, unleaded gasoline now at $4.02 a gallon.”

- Maria Bartiromo, Closing Bell anchor

Stop Trading, Listen to Cramer!

“I think that Apple [AAPL  Loading...      ()   ] has been a great trade in a really bad market. But, I feel like unless you take three-quarters of your position off by the end of the day and let the rest run, I just don’t feel that I’m being responsible by telling people in 'Stop Trading' to let it run because I just think the odds do not favor another run on top of this.… I don’t want to sell Research in Motion [RIMM  Loading...      ()   ]; I don’t want to sell Research in Motion. I still think they have a lot of momentum. I still think BlackBerry is a terrific name.” ”

- Jim Cramer, Mad Money host

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