Apple was among those companies reporting earnings, while Ladenburg Thalmann'sDick Bove was sued sued by a small bank in Florida.
Following are today's top videos:
Paulson Explains Rescue Plan
“What we’re seeking to do is to do something which gives a really strong signal of support for the capital markets. This is about the capital markets. It’s about confidence in these institutions, which are so important to our economy, and to our housing market.”
--Treasury Secretary Hank Paulson
Apple Earnings
“The company is now looking at $1 a share, on a revenue of $7.8 billion. We know that Apple is historically extremely conservative in its guidance and the street takes that into consideration. However, many on the street were at $1.14, $1.25 -- the analyst I was talking to said that anything above $1.14 would be considered good news. And this is substantially below that, at $1 a share.”
--Jim Goldman, CNBC’s Tech Check
Small Florida Bank Sues Dick Bove
“We’re in the business of providing opinion as well, and Dick Bove is someone who provides investment opinion. You cannot be sued for defamation, over an established opinion. You can be sued over stating opinion as fact when you recklessly disregard the truth.”
--Charlie Gasparino, CNBC’s On-Air Reporter
Health of the Banks
“This was the first quarter since the whole housing recession started that we showed a loss of any kind. And it is our expectation that it will be our only quarter of loss.”
--William Hartman, Citizens Republic Bancorp, Chairman/CEO
Stop Trading, Listen to Cramer!
“Becton Dickinson –- we’ve been pushing this stock endlessly on Mad Money. It made a lot of money for people! The main reason is because this one has the least economic sensitivity. This is a good one!”
--Jim Cramer, CNBC’s Mad Money
