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Celebrate 99 Ranch Market Month : Enter for a chance to win prizes — Arizona

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Detailed text transcripts for TV channel - FOXNEWS - 20110602:15:47:00

unemployment rate. right now we re learning taxpayers may be on the look for billions of dollars in losses, logies in the massive auto bailout, the white house now saying that taxpayers could lose roughly $14 billion, that s out of the $80 billion that we gave to auto companies. this is all despite what we ve heard about the recent recovery in the industry. we ve sun a few headlines like that, right? cheryl casone is here to talk about this. so $14 billion is an estimate, right? it s an estimate. jenna: how close do you think we are to that? we could be on the hook for more, we could be losing 16-$18 billion, because of general motors. the big piece of the problem is gm. remember, the government sponsored this ipo, they debuted at $30 a share. the government has said they want to get out of that stock. you know if they sell it, they re going to be selling it at a loss in the near future. as you saw from the market performance today we re not going have have to have a good market

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