Booktv continues now on cspan2, television for serious readers. Good evening everyone. Tonight we are here with peter finn the National Security editor at the Washington Post and previously coauthor of the book the zhivago affair which was finalist for the National Book six circle award for nonfiction. Hes twice been nominated for the Pulitzer Prize for his International Reporting and hes won the Robert F Kennedy Journalism Award and the German Marshall Fund Peter R White prize for his foreign reporting. In other words, his nonfiction credentials are very wellestablished. Tonight he is here to present his latest book of nonfiction i guess to the right the story of american heiress gertrude with deborahs dramatic captivity and escape from nazi germany. Please help me welcome peter finn. [applause] thank you everyone for coming out and thank you to a books for inviting me. Im delighted to be here. As she mentioned, my book is about gertrude lesandro and the First American woman in unifor
The pentagon and pennsylvania and the world trade center. Its a gloomy sad day. Always will be. Its difficult to talk stocks on a day like today but we have our jobs to do and they dont stop on september 11th. So lets do this. Lets remember what happened that day. Reach out to someone you know who lost a loved one. Tell them youre thinking about them and never forget this tragedy. As far as the stock markets long run even as today was mixed sometimes i wonder if we should try to enjoy the rally while it lasts. When i looked at the screen today with the dow dropping 20 . Nasdaq advancing. 12 i recognize and admit a lot of the good stuff is happening because it costs a little to borough money. Each day that makes something good come true. Today for example they spent 183 million to buy another resort. Park City Mountain in utah. Ski business has been tough lately. Tenants have been dropping. Some down 50 and the earnings of of vail alone werent enough to own the stocks. But if you didnt
Mad money, squasquawk on the stree street. That plus avatar in 140 characters pretty much sums up everyone these days. And i want you to know more than that, although it did take me two years to learn that avatar wasnt a movie and a hashtag wasnt a number sign. What i want to do tonight in an extremely special and personal show, even by my own wacky standards is trace the arc that brought me to mad money. Not for some autobiographical ego trip, but to give you moneymaking lessons from the faces of my various careers and how you can profit from them. Remember, in the end, this is cramerica. In short, ill give you the skinny of how i learned to be a good investor and how i continue to learn every day, so i can help you continue to learn better than i am or ever will be. Lets start real early back in the time machine. My love of stocks didnt begin after law school or college or even high school. My love for stocks started back in fourth grade. Thats right, fourth grade. My dad would bring
For a while Larry Summers withdrew his nomination. Janet yellen was the odds on favorite. Larry summers was in front in the summer and now its back to janet yellen. Now its official. At 3 00 tomorrow president obama in the east room will make the announcement. Ben bernanke will be there. Janet yellen will be there and theyll announce that janet yellen is the first female ever nominated to be the fed chair. Im glad of that. Steve, let me ask you. I know its right off the top of your head. Will there be any changes in a janet yellen fed . I dont think so. I dont think there will be a big change, larry. I think janet has generally supported the policies that the fed has. I think shes felt for a long time that high levels of unemployment have necessitated high levels of Federal Reserve stimulus and i also know that she would probably be a person to run the committee very much like a committee and not a very strong leader in terms of imposing her will on the committee. Ive seen her basicall
About 74,000 jobs created. Dow instead declining just eight little points, s p rising. 23 . What an affront, right . Nasdaq climbing. 44 . The answer as i always try to tell you is the very notion of the market has become totally passe. We have whole groups of stocks that go higher on slow growth. Because Slower Growth means lower Interest Rates. And they were pushed down so hard today that, you know what, i can see Mortgage Rates thats right the posted Mortgage Rates actually dropping next week for you. That caused the utilities, the Real Estate Investment trust to soar. Seems like i should start my game plan with a simple admonition. Go house hunting this weekend. Im not kidding. So many of you have complained to me that you missed the bottom in Interest Rates. Right now youre getting a momentous and unexpected uturn, and that means a better rate. No wonder the other Home Builders including pulte went higher. This jobs number is a Home Builders dream come true. There are always some