Wednesday Stories: Chrysler Sale Report, Citi-Morg and Cafeteria Trays

January 14, 2009 06:08 AM EST by Brian Sullivan

Wednesday Stories: Chrysler Sale Report, Citi-Morg and Cafeteria Trays
Stories I'm watching on this Wednesday:
- Report: Chrysler in talks to sell most of itself and end its post-Daimler solo run
- Shades of GM: Citigroup sells its most valuable asset. The question is now: which of the storied Wall Street names goes away - Morgan Stanley or Smith Barney?
- Yahoo! hoping for a little "Bartz magic." Autodesk was one of the best performing stocks in the S&P 500 for many of the past few years.
- The market likes the Tim Geithner choice for Treasury Secretary and doesn't like this story
- Barclays Global Investors, the world's biggest money manager, to lay off 8% of its staff
- States don't wait for bailout money, may raise taxes for their own infrastructure projects
- The suicidial D.B. Cooper of money managers?
- Cutting out food trays from cafeterias saves money and people eat less (via Freakonomics)
- Good advice on when to buy a used car and what to buy

4 Comments

Listening in Texas

This is only the beginning. Everyone loves to blame the "subprime" market; but hey... it appears that the 30% of the market that it sparked with a 4% default rate more than justifies the risks when the entire credit markets utilized that portion to fund everything else. The more credit markets tighten or continue to tighten... the worse things will get as well as further governmental interference. Wanna loosen things up... in the 80s when the housing markets had the No Qual loans; the default rate was LESS than 1%. People got in trouble; COULD get out and someone would pick up the mark. We were pacing along just fine until the powers that be suddenly "shut off" the subprime and credit markets... look what the result has caused. Yes, it was a risk factor; however the correction seems to be much worse than the risk factors on what we had before operating in and through the markets. Jobs were abundant, houses were not just being built, they were being sold, same with cars and other products. Cutting the subprime and credit markets is sending not just this country into a depression; but we are taking the rest of the world markets with us. Just an observation.

January 14, 2009 at 11:32 pm

earle

I'm just alittle bit curious as to how much Chrysler would fetch? This rumor if true,telegraphs to me dire conseqences for our auto-industry,(they are a private company,"Cerberus") moving foward. If only the auto-industry would concentrate on two,or three models maximum, like the foreign's? Better yet,mirror Toyota: Prius/Small SUV,and Camry? Thanks Brian

January 14, 2009 at 8:38 pm

Railbender

Can't imagine what shape citi is in if they get TARP money AND have to go back on their press announcement that they would NOT be selling SB. really ? how bad can things be for citi AFTER hot beef injection money ? you still need to selloff.

January 14, 2009 at 3:21 pm

Atlanta

Who would buy Chrysler and why? Or is that just a joke on us we "the tax payers" are buying Chrysler.

January 14, 2009 at 1:08 pm

about this blog

Brian Sullivan joined FOX Business Network (FBN) in April 2008 as an anchor. He co-anchors the 10am-12pm ET hours of the FOX Business block. Prior to joining FBN, Sullivan served as an anchor for Bloomberg Television where he hosted the programs Morning Call and In Focus.
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