Biz Headlines 3/26

Published: Thu, 26 Mar 2009

Description: Neil Cavuto delivers a wrap-up of Thursday's business headlines

Automatically Generated Transcript (may not be 100% accurate)

" Stocks stand around and -- the Dow soared 174 points blue chips. 41% since the lows of march night yes -- the NASDAQ also update on their -- the NASDAQ is now in positive territory would be. More good news for housing mortgage rates falling to record lows of thirty year fixed I'm going for four point. 85% one year ago it was 51285%. Meantime. That's five reported -- 22% drop in quarterly profits but that number better than expected. And electronics retailers expecting a better year ahead that he's working at 12% jump of the stuff. Prices at the -- the creeping up the average for a gallon of regular probably -- Now -- two bucks for the first time since November the prices are still down nearly 40% over the past twelve. And buying into the -- of around 7500 workers -- General Motors will take the time the packages and leave the company on April 1."

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this dealership closing issue that we've heard that. Even with government ownership General Motors is going to have a pretty free hand on running their own business. Now you see Capitol Hill getting involved -- 435. People are however many is that one piece that this action. How hard is this going to be

lot of blacking that I know we'd like to start using. CFO General Motors -- young thanks for being with us today. -- Sure thing now listen I got to ask you broke the bat. Looking at where General Motors is today and where was a year ago when this first started are you just amazed at how much fat there wasn't

It's for the US market that's mr. percentage that is going General Motors which isn't necessarily here. What's the actual hard number in General Motors -- now become profitable.

releasing the same sort of a public reporting yeah. As as old General Motors as a publicly traded companies are. Is due GMB ports back on the market at the publicly traded company going to be

of money two run -- why are they such a burden on General Motors .

about his cars here Pontiac -- Thing. One of the finest cars General Motors -- made just got out of one last week -- line in general but of course Pontiac. Was sacrificed to -- can

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our value brand around the world -- C east blogger. The middle East Africa or Asia Chevrolet is our core brands. Now Cadillac -- another no brainer. There's our luxury brand I don't think a multi brand company can really exist without a luxury brand at the top. So Cadillac is one of our focus friends and it's also an important -- for a student what is now the world's largest automobile market and that's trying to. And GM -- is a solid brand it is perhaps. The General Motors friend with the best overall reputation of the strongest brand health. And that people a lot of people say hey if I'm

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realize they have one overriding objective only. That is to make -- General Motors into a streamlined. Successful company. -- they absolutely want us to. Keep producing tomorrow's -- producing corvettes keep producing full size pickup

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What happens General Motors is they have to reorganized to lately we think they're going to file at some point for -- organized bankruptcy and that's

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