Thank you so much. Can i hug you again . Yes, you can. I really feel its gonna make a huge difference in my future with my finances. So, thank you, gail. Gail, shes an excellent woman. A1. Good job, gail. I can tell, i can tell she loves to go shop shes all out of control she cant stop designer clothes, jewels, hair shes throwing money everywhere my head is spinning head is spinning oh, oh, oh, oh shes a princess shes a princess shes a princess shes a princess modernday princess hi, everybody. Welcome to on the money. Im maria bartiromo. Airlines and ketchup, the real deal on what they have in common as the markets flirt with alltime highs. The state of our union is strong. Is it really the president s address, what he said what he meant, and what it means for your money. And then one womans remarkable journey from a captive of communism to a queen of capitalism. As a child, what was going through your mind . On the money begins right now. This is americas number one Financial News pro
Boom. Down 11 from december but all is not well, says housing barren sam zell. Everybody kind of has ignored the fact that theres still 3 to 4 million houses in purgatory. Not for sale. Not foreclosed. Maybe occupied, maybe not occupied. And youve got to address that. If youre looking for somebody who has done it all, look no further. Hes with us. Bob hormats is Vice President of Goldman Sachs international. At the state department making the case for American Companies overseas. Bob, its good to see you again. Great to be back on your show. Let me begin on sort of this front and center issue that were all talking about and that is sequestration that this mandatory spending cuts that are going to take effect on march 1st, i realize we dont know whats going to happen. But whats the impact if sequestration happens . Do you think the economy slows down . Well, it will slow by all estimates, it will slow the economy down somewhat. There are differences among economists as to how much. But
Is not well, says housing barren sam zell. Everybody kind of has ignored the fact that theres still 3 to 4 million houses in purgatory. Not for sale. Not foreclosed. Maybe occupied, maybe not occupied. And youve got to address that. If youre looking for somebody who has done it all, look no further. Hes with us. Bob hormats is Vice President of Goldman Sachs international. At the state department making the case for American Companies overseas. Bob, its good to see you again. Great to be back on your show. Let me begin on sort of this front and center issue that were all talking about and that is sequestration that this mandatory spending cuts that are going to take effect on march 1st, i realize we dont know whats going to happen. But whats the impact if sequestration happens . Do you think the economy slows down . Well, it will slow by all estimates, it will slow the economy down somewhat. There are differences among economists as to how much. But it will, of course, be contractionar
Airline heaven . Announcing a 11 billion deal this week to create the Worlds Largest airline. The new company will fly into the american name and will be one of the three Major Airlines in the United States. The ceo of the new company says theres not much room for further consolidation. It was 2005. There was like 11 airlines that at least 1 of the industry and now were down to, you know, three large carriers which is intensely competitive. And southwest airlines, which did a fantastic job with low cost, and jetblue doing what they can do to make sure that low fares are out there. Meanwhile, big deal from warren buffett. He wants to catch up on the deal front. His Berkshire Hathaway and private equity firm 3g capital will acquire heinz for 23 billion. The deal offers shareholders a premium of 20 over the recent stock price of heinz. The merger mania and deals deluxe had little effect on the markets though. The dow did toy with 14,000 again. During the week it stayed in a tight range ho
Airline heaven . Announcing a 11 billion deal this week to create the Worlds Largest airline. The new company will fly into the american name and will be one of the three Major Airlines in the United States. The ceo of the new company says theres not much room for further consolidation. It was 2005. There was like 11 airlines that at least 1 of the industry and now were down to, you know, three large carriers which is intensely competitive. And southwest airlines, which did a fantastic job with low cost, and jetblue doing what they can do to make sure that low fares are out there. Meanwhile, big deal from warren buffett. He wants to catch up on the deal front. His Berkshire Hathaway and private equity firm 3g capital will acquire heinz for 23 billion. The deal offers shareholders a premium of 20 over the recent stock price of heinz. The merger mania and deals deluxe had little effect on the markets though. The dow did toy with 14,000 again. During the week it stayed in a tight range ho