| 00:00:05 |
HOST, -
YORK, THE U.S. EQUITY CAPITAL MARKETS REPORTER FOR THE FINANCIAL TIMES. AND HE IS HERE TO TALK TO US ABOUT THE IMPACT OF THE GREECE AND EUROPEAN...
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| 00:00:23 |
GUEST, -
FOR HAVING ME.
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| 00:00:24 |
HOST, -
HOST: WHAT IS THE OVERALL IMPACT OF THE EUROPEAN DEBT PROBLEM ON U.S. MARKETS? GUEST: WELL, IT'S BEEN
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| 00:00:32 |
GUEST, -
SORT OF BIG PICTURE RISK THAT IS HAVE BEEN WEIGHING ON U.S. INVESTORS' MINDS RECENTLY. OBVIOUSLY THE PRIMARY CONCERN IS THE U.S. ECONOMY, WHAT'S...
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| 00:01:23 |
HOST, -
FROM LAST WEEK'S "WALL STREET JOURNAL." TELL WHAUSE YOU KNOW ABOUT WHAT WAS DISCUSSED IN THIS PHONE CALL AND WHAT'S THE FINANCE MINISTERS ARE TRYING TO...
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| 00:02:09 |
GUEST, -
HAPPENS NEXT MONTH IS THAT GREECE FACES SOME DEADLINES FOR MAKING PAYMENTS ON DEBTS THAT IT HAD ISSUED PREVIOUSLY. GREECE DOESN'T HAVE THE MONEY...
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| 00:04:54 |
HOST, -
FRIDAY, THE FINANCIAL TIMES HAD THIS HEADLINE, GREECE AGREES TO MORE AUSTERITY CUTS. GREASE HAS AGREED TO ADDITIONAL SPENDING CUTS AFTER LENDERS...
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| 00:05:26 |
GUEST, -
THE OTHER GROUPS ARE TRYING TO ARRANGE A BAILOUT PACKAGE ARE VERY CONCERNED THAT GREECE HAVE A REALISTIC PACKAGE OF CUTS THAT HAS A LOT OF BUY-IN FROM...
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| 00:06:38 |
HOST, -
ITEM FROM BLOOMBERG TALKING ABOUT BEN BERNANKE. GUEST: WHAT BERNANKE
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| 00:07:25 |
GUEST, -
IS TALKING ABOUT IS SPECIFICALLY TO WHAT EXTENT DO U.S. BANKS HOLD DEBT IN -- HOLD GREEK-SOVEREIGN DEBTS OR OTHER TROUBLED EUROPEAN COUNTRIES, THE SO...
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| 00:10:06 |
HOST, -
TELIS. HE IS THE U.S. EQUITY CAPITAL MARKETS REPORTER HERE TO TALK WITH US ABOUT U.S. MARKETS AND GLOBAL DEBT. WE'RE GOING TO TAKE A LOOK AND LISTEN...
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| 00:10:35 |
Unidentified Speaker, -
THERE IS INDIRECT IMPACT ON THE CORE EUROPEAN BANKS THAT DOES POSE SOME CONCERN. AND THERE'S A REASON WHY THE FEDERAL RESERVE AND OTHER REGULATORS ARE...
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| 00:12:28 |
GUEST, -
DIRECTLY, THE FORTUNE 500 COMPANIES DO NOT HAVE A TREMENDOUS EXPOSURES TO GREECE. THEIR BUSINESS IS NOT TREMENDOUSLY AFFECTED BY WHAT HAPPENS IN GREECE...
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| 00:14:47 |
HOST, -
FROM ALBUQUERQUE, NEW MEXICO. CALLER: I THINK
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| 00:14:54 |
CALLER, -
WHEN BEN BERNANKE WAS TRIMMING MONEY TO BUY TREASURYS, WHY COULDN'T HE USE THE SAME MONEY AND SEND IT BACK TO THE PEOPLE? GUEST: I THINK THAT
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| 00:15:10 |
GUEST, -
IN SOME RESPECTS THAT MONEY DOES GET TO THE PEOPLE IN THE SENSE THAT WHEN THE FED -- THEY HAVE NOT QUITE PRINTED MONEY, BUT THEY HAVE DONE THINGS TO EXPAND...
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| 00:16:33 |
HOST, -
IS CHARLOTTE, N.C., ON OUR LINE FOR DEMOCRATS. CALLER:
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| 00:16:38 |
CALLER, -
GOOD MORNING. I AM CALLING ABOUT THE DEBT CEILING IN WASHINGTON. WITH THE REPUBLICANS AND REPRESENTATIVE ERIC CANTOR WALKING OUT WITH JOE BIDEN -- THEY...
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| 00:18:13 |
GUEST, -
IS DIRECTLY TRUE. OBVIOUSLY, IN SO FAR AS THE GREEK CRISIS MAY CAUSE INVESTORS TO PULL OUT OF MARKETS TO DEFAULT, IT MIGHT LEAVE THE FED TO BRING IN...
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| 00:19:34 |
HOST, -
JOURNAL THIS MORNING, ITALIAN BANKS CIT E THE DEBT CRISIS, NOT VICE VERSA -- IT SEEMS LIKE THE ITALIANS ARE DOING OKAY, BUT THEY MIGHT BE AFFECTED ON...
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| 00:22:05 |
HOST, -
US THE DIFFERENCE BETWEEN WHAT IS GOING ON IN ITALY AND WHAT IS HAPPENING IN GREAT BRITAIN. IN THE NEW YORK TIMES -- GUEST: BANKS IN BRITAIN
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| 00:22:50 |
GUEST, -
ALL LOOK A LOT MORE LIKE BANKS AND THE U.S. THEY CARRIED LESS CAPITAL, WERE LESS CONSERVATIVE, AND SO DURING THE PLAN INCREASES, BRITISH BANKS GOT INTO...
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| 00:24:08 |
HOST, -
THE PHONES. OUR DISCUSSION WITH TELIS DEMOS REGARDING U.S. MARKETS AND GLOBAL DEBT. IN BUTLER, INDIANA, WE ARE TALKING TO WALTER. GO AHEAD. CALLER:
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| 00:24:21 |
CALLER, -
GOOD MORNING. WHEN MR. BEN BERNANKE TURNED AROUND AND SAYS THE EXPOSURE OF AMERICA TO EUROPEAN DEBT WILL NOT BE TOO DRAMATIC, I FIND THAT HARD TO BELIEVE...
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| 00:25:42 |
GUEST, -
CERTAINLY MADE SOME INTERESTING POINTS. WITH RESPECT TO THE VALUE OF THE DOLLAR, ONE THING HE SAID IS AT THE U.S. DOES NOT MANUFACTURE THINGS ANYMORE....
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| 00:28:06 |
HOST, -
THE " FINANCIAL TIMES." THIS STREET FROM JOHN IN NORTH CAROLINA -- TWEET FROM JOHN IN NORTH CAROLINA. GUEST: THAT IS
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| 00:28:22 |
GUEST, -
RIGHT. THERE CERTAINLY IS A CONCERN THAT A GREEK-TYPE SITUATION COULD HAPPEN IN THE U.S. THE U.S. ECONOMY GROWS FASTER THAN THE GREEK ECONOMY DOES....
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| 00:30:34 |
HOST, -
FROM NEW HAVEN, CONNECTICUT, ROBERT IS ON OUR LINE FOR DEMOCRATS. THANK YOU FOR WAITING. CALLER: I HAVE
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| 00:30:44 |
CALLER, -
ONE QUESTION, SIR. WE TALK ABOUT GLOBAL DEBT. I AM JUST CURIOUS. HOW MANY COUNTRIES HAVE HIT IN DEBT? LIKE THE UNITED STATES, OVER $2 TRILLION INDEBTEDNESS...
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| 00:32:23 |
HOST, -
WALL STREET JOURNAL," -- HOST: WHY WOULD THEY
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| 00:32:47 |
HOST, -
ARE RIGHT THAT THE APPOINTMENT IS GOING TO STABILIZE THE MARKETS IN EUROPE? GUEST: RIGHT NOW,
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| 00:32:57 |
GUEST, -
THE EUROPEAN CENTRAL BANK HAS ACTUALLY BEGUN TO RAISE INTEREST RATES A LITTLE BIT. AND THEY HAVE BEGUN TO TURN OFF SOME OF THE STIMULUS THAT HAVE BEEN...
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| 00:34:43 |
HOST, -
OKLA., YOU ARE ON THE "WASHINGTON JOURNAL." CALLER: I
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| 00:34:50 |
CALLER, -
AM NERVOUS ABOUT SEEING HYPERINFLATION. I AM WONDERING WHAT YOU GUYS THINK ABOUT RON PAUL GETTING RID OF THE FED SINCE WE CANNOT ACTUALLY AFFORD THESE...
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| 00:35:13 |
GUEST, -
OBVIOUSLY, HYPERINFLATION IS SOMETHING THAT IS A CLEAR THAT MORE INVESTORS ARE THINKING ABOUT AND YOU CAN TELL BY WATCHING THE PRICE OF GOLD. IT IS AT...
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| 00:37:30 |
GUEST, -
EUROPE'S STRONGEST ECONOMY IN MANY RESPECTS. GERMANY, IN MANY WAYS, IS A LEADING THESE EUROPEAN EFFORTS. THE CONCERNS OF THE GERMAN PARLIAMENT HAVE...
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| 00:38:49 |
HOST, -
CALL FOR TELIS DEMOS. THANK YOU FOR WAITING. CALLER: THANK YOU
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| 00:38:55 |
CALLER, -
FOR TAKING MY CALL. WHAT IS MORTGAGE INSURANCE FOR? GUEST: MORTGAGE INSURANCE --
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| 00:39:05 |
GUEST, -
IT DEPENDS. FOR AN INVESTOR, MORTGAGE INSURANCE MIGHT BE A CONTRACT THAT THEY TAKE UP WITH ANOTHER FINANCIAL PARTY IN CASE THE VALUE OF THE MORTGAGE...
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| 00:39:54 |
HOST, -
GOING TO LEAVE IT THERE. TELIS DEMOS, THANK YOU VERY MUCH FOR BEING ON THE PROGRAM. IN JUST A FEW MINUTES, WE ARE GOING TO BE TALKING ABOUT THE NEW CIGARETTE...
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| 00:40:28 |
Unidentified Speaker, -
TOURISM INDUSTRY PLAYS A VITAL ROLE IN THE OVERALL ECONOMIC PROSPERITY FOR OUR CITY. OVERALL, THE HOSPITALITY AND TOURISM INDUSTRY EMPLOYS A LITTLE OVER...
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| 00:40:59 |
Unidentified Speaker, -
THE FUTURE OF TOURISM FOR THE CITY OF SAVANNAH? >> ON ONE HAND,
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| 00:41:05 |
Unidentified Speaker, -
WHAT PEOPLE WANT IS WHAT YOU SEE BEHIND ME. IT IS THE BEAUTIFUL LIVE OAKS AND GREEN PARKS. THAT IS WHAT WILL ALWAYS BE WHAT DRAWS PEOPLE. AS WE LOOK...
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| 00:42:16 |
HOST, -
TV AND AMERICAN HISTORY TV WILL BE FEATURING A SIT-IN ON ALL WEEK LONG AS OUR LOCAL CONTENT OF VEHICLES VISIT EIGHT SOUTHERN CITIES TO FEATURE THE HISTORY...
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| 00:42:41 |
Unidentified Speaker, -
VOTED ON TWO MEASURES RELATED
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NOTE: The transcript for this program was compiled from uncorrected Closed Captioning.