Taking News From Wall Street to Main Street
Every person in the U.S. affects the economy with the decisions they make every day. With this in mind, people should be tuning into business news networks in droves, but sometimes it seems like watching a simple business news segment requires a Harvard degree in finance or a job on Wall Street in order to understand the jargon. Enter FOX Business Network, a channel that offers a new source for information delivered by an informed team who understands that business news should be for everyone, not just the experts.
By Stephanie Wilson
Photography by Bob Martus
It’s midnight. One day has ended while another has just begun. But the world has fully embraced the 24-hour news cycle, and many members of the newest business channel to hit the cable lineup are getting their last few moments of rest. At 2:30 a.m. in various homes across the city, buzzers start buzzing, signaling the start of the workday for an unstoppable news force. Jenna Lee’s feet are first to hit the floor; at 5 a.m., she and Nicole Petallides will be the fresh faces that greet some business aficionados as they tune in to FOX Business Morning, which brings viewers information on the world’s markets. By the time the U.S. broadcast day begins, the Asian markets have been open and churning for quite some time. Eric Bolling rises at 3 a.m., but V.P. of FOX Business News, Alexis Glick, is already on her way to the studio at that point. Cody Willard, who jolts awake at 6 a.m., is considered the late sleeper of the bunch. By that time, many members of the FOX Business Network team have been at the station for hours, diligently working to ensure that when America wipes the sleep out of their eyes and tunes in, they are greeted by an informed staff, just as they were on the day FOX Business launched, when Petallides’ voice echoed out over the airwaves with the network’s first words: “Good morning, and welcome to the new FOX Business Network.”
More and more, people are waking up with Lee and Petallides, who are joined at 7 a.m. by Glick, who talks Money for Breakfast along with anchor Peter Barnes. Similar to other news networks, like the more familiar CNBC, FOX Business Network, which went live in October, reports on the effects of Wall Street, but with a twist that interprets the information for the residents of mainstream America. “We try to break things down so that it is not geared towards someone in a particular money bracket,” Lee explains. “There is more than 300 million people in the U.S., and everyone-all ages, colors, and income brackets-are influencing the economy every single day.” Glick emphasizes that the goal of the network is to appeal to both Wall Street and Main Street, not one or the other. She offers a segment on CEO Kenneth Camp of Hillenbrand, a funeral service business that split into two the morning of the interview, as an example of their innovative tactics. The interview centers around how some are having trouble retiring because of the decline of the value of their 401K. “We took a topic with a CEO and turned it into a conversation about the way baby boomers are not able to retire as aggressively because of the turn in the economy. So we had a Wall Street story and took it to Main Street.”
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May 6th, 2008 at 6:22 am
big story and buildup but what channel is
it on?
May 7th, 2008 at 11:33 am
Check your local listings; it’s different in each market. In New York, it can be found on 43 on Time Warner, right next to the Fox News Channel.
May 22nd, 2008 at 3:55 pm
HEY NEIL,
WHAT ABOUT THIS % OF PROFIT FOR OIL COS. 65% OF WHAT ? OVER LAST YEAR WHICH WAS ?? % OF THE YEAR BEFORE AND ON AND ON. ADD IT UP ! WHAT % OVER 3 OR 4 YEAR AGO ITS IN THE 100s. JUST HOW DUMB DO THEY THINK WE ARE….. WHERE DOES IT END? WHEN WE UP THE PRICE OF WHEAT, CORN AND ?? THAT WE SEND OVER THERE, BARRELL OF WHEAT FOR BARRELL OF OIL ALL THE SAME PRICE, THEY CAN’T RAISE ANYTHING TO EAT IN THAT SAND BOX SO RAISING OUR PRICES TO THEM WILL LEVEL THE PLAYING FIELD… PAY UP OR STARVE….. CHINA AND JAPAN HAVE PRICE CONTROL WHAT ABOUT U. S.A. THIS WILL HIT THEM IN THE OLD POCKETBOOK
May 30th, 2008 at 4:30 pm
HEY NEIL,
WHAT WILL IT TAKE TO STOP THESE OIL PRICES? YOU DEFEND THE OIL COMPANIES AND CAPITALISM. IF THE OIL PRICES KEEP RISING IT WILL KEEP WEAKINING OUR DOLLAR, AND OUR ECONOMY WILL ALSO GO TO CRAP! WHICH IT IS ALREADY DOING! MOST PEOPLE OUT THERE CANT AFFORD TO BUY GAS AT THE PRICES THE’RE AT, UNLESS OF COURSE, THERE RICH LIKE YOU!!!!!!!
June 4th, 2008 at 4:27 pm
I do not know how you can say the people have decided that they want Obama. They didn’t. The Democratic rules gave more delegates to him. The people gave Hillary the most votes.
June 9th, 2008 at 10:15 pm
I heard from someone that you broadcast that Sears and Kmart are up for sale. Is this fact or fiction?
June 10th, 2008 at 5:23 pm
hi Neil
Why not let the oil co. drill in Anwar, “but only after they build a refinery” that way they will refine the oil to pay for the refinery,if not they will just hold that oil because they won’t be able to refine it and the prices will continue to go up
June 11th, 2008 at 4:22 pm
I WILL LIKE TO SEE IF YOU HAVE THE EMAIL FOR MR.NEWT GINGRIGH DOT COM FOR DRILL HERE DRILL NOW.
THANKS IN ADVANCE AND SEE IF YOU CAN E-MAIL TO MR.DAVID CANINO E-MAIL IS AJIMECHI333@YAHOO.COM.
GODBLESS
June 25th, 2008 at 4:30 pm
6/25/08
SUBJECT:NOPLUGIN ELECTRIC CARS.
DEAR FOX NEWS,
I HAVE PATENT PENDING ON TECNOLOGY THAT WILL LET
YOU DRIVE AN ELECTRIC CAR FROM NY TO LA WITHOUT HAVING
TO STOP TO RECHARGE, WITH ZERO FUEL CONSUMPTION.THE UNIT
IS ROUND 12 INCHS X 36 INCHS,LOOKS LIKE A SPARE TIRE.
MY NAME IS AL BARNES, I AM AN AMERICAN, SEVENTY YEARS OLD
AND I AM A 15,000 HR PILOT DUAL RATED.
I HAVE TRIED TO GET AT LEAST ONE OF THOSE
SELF SERVING, INCOMPETENT MORONS IN WASHINGTON FROM MY STATE TO ANSWER MY
PHONE CALLS OR MY E MAILS TO NO AVAIL. THEY WOULD RATHER HAVE
THE ISSUE THAN SOLVE THE PROBLEM.
WHEN OIL IS AT $130.00+ A BARREL, AND GAS IS AT $3.90+ A GALLON THE
COUNTRY NEEDS THIS TECHNOLOGY NOW RATHER THAN LATER.
I HAVE TWENTY SEVEN YEARS OF MY LIFE, AND MY OWN MONEY
INVESTED IN THIS TECHNOLOGY .I CAN DO THIS ON MY OWN, BUT IF I
COULD GET SOME HELP I COULD HAVE THIS TECHNOLOGY READY
TO GO TO MARKET IN ABOUT 18 MONTHS OR LESS, OTHERWISE IT WILL TAKE LONGER.
I NEED HELP FROM SOME ONE IN ORDER TO GET THIS DONE FAST.
THANK YOU IN ADVANCE.
AL BARNES
lbarnes8@satx.rr.com
SAN ANTONIO,TX.
July 22nd, 2008 at 5:12 pm
Where has Neil Cavuto been? My husband is a big fan of his show and he says that Neil hasn’t been on personally for days. Is he sick?
October 6th, 2008 at 8:47 am
last nite sean hannetys program had the complete years obama doesn’t want anyone to know about. the college years, the radicals he associated with etc.rev. wright, ayers . if he wrote anything for harvard law review it can’t be found…i told rick davis to have mccain hypnotized to get rid of “my friends” ; i heard a speech by him just the other day not one “my friends”—neil cavuto called don imus to see if he knew how to get rid of that speech habit –i sent him an e-mail also …you think you could at least get me an editing job, but nothing!!joanne s. seney
October 6th, 2008 at 8:59 am
Re; program of Sunday evening October 5th, 10 to 11 pm EDT. I believe it replaced (temporarily) Geraldo At Large. Please re-broadcast it in primetime, multiple times, prior to November 4, 2008. America needs to wake up to the goings-on in Washington.
October 6th, 2008 at 7:07 pm
We heard just a little something today10-6-08 about talking to your morgage co. to see if they will lower your morgage if you bought at the top of the market? Could you give me a little more information on this.
Thank you for your time
Fred
October 7th, 2008 at 3:04 am
I heard yerstaday sarah pouling accused obama of terrorist,please hockey mom don’t loose you control, evrything it’s going to be ok until you fell don’t cry.
October 7th, 2008 at 6:17 pm
The Operation
September 29, 2008
1st phase, the surgery: Take all homes that are in foreclosure and all arm loans and move them all to a 30 year fix at the current interest rate. This could be done by a application process. Anyone that is in foreclosure or is going to be in foreclosure if they apply to have their houses converted over to a 30 year fix at the current interest rate, are automatically approved and given amnesty from their current mortgage problem. The upside down portion of home values today is moved by the government.
It should be put in a special holding by the goernment to be metered back in to the market at a later date.
2nd phase is 350 billion dollars should be given by portion to all homeowners upon applying for it that have a current mortgage good or bad. Renters do not qualify. With all homes brought to a current market value in which all the money lost is a loss to the banks and institutions they will by back from special holding over 30 years. The portion of the 350 billion dollars that the homeowner applied for, that loan will be paid back by property taxes over a 30 yr amortization. If the house is sold the loan would be paid back through the profit of the sale of the home. If no profit is made to pay back the loan in the sale, the new homeowner assumes the payback. The loan is locked into the taxes on that piece of real estate amortized over 30 years to pay it back. The loan should be an interest free loan. The purpose of this is to stimulate money flow back into the system. 350 billion should go to Wall Street. This money should be used when applied for by a bank that needs to borrow the money with an interest rate attached to it. This money should be used for the sole purpose of lending to other institutions to generate lending back into commerce which in turn will generate jobs.
The dead money in the loans that can never be recovered right now, that’s what’s killing consumer confidence, business confidence and Wall Street confidence. Only the government can convert every arm into a 30 yr fix and mandate that all the homes that are in or headed to foreclosure be lowered back down to the current market value. If you have any questions, contact us.
Respectfully Submitted
universalsolutionsgroup@yahoo.com
October 7th, 2008 at 9:08 pm
TO ELISABETH HASSELBACK ON FOXNETWORK, I APPLAUD HER AND THE OPINIONS SHE HAS IN POLITICS AND THE FACT THAT SHES NOT AFRAID TO VOICE IT. I ALWAYS WATCH FOXNEWS IN THE MORNING AND WHEN SOMETHINGS HAPPENEING IN THE NEWS CAUSE YOU PEOPLE ARE VERY FAIR IN YTHE WAY YOU DO THE NEWS. KEEP UP THE GOOD WORK.
FROM COLLEEN WARD
October 15th, 2008 at 11:53 am
Neil, according to Glen Beck, future home buyers who mortgage their homes will be required to pay a $400.00 fee to ACORN. Purportedly it will be obtained at the closing. Is this true?
October 16th, 2008 at 4:48 pm
hey Neil: Obama says he will not raise taxes on the middle class, But when he removes bushes tax cuts will that revert back to year 2000 and put middle class back at a higer tax rate?
October 20th, 2008 at 11:38 am
If the economy is as bad as Obama and the Dems claim where did all of Obama’s money come from? America or someplace else? It would seem to me if the country is as scared and poor as they claim there would not be such massive amounts of money being sent to this man. Wake up America!
October 20th, 2008 at 5:42 pm
Dear Neil,
This is Jo, a Mama, who wants to understand why the government would bail out any homeowners who have 100% or 130% home loans. They have no investment to lose but the taxpayer, our children, our grand children, and all responsible people who work hard to pay their bills become the losers.
So appreciate you as a CHAMPION for government fiscal responsibility.
October 23rd, 2008 at 9:25 am
Saw Steve Forbes on the 8:00-9:00 est program this a.m. He should be on the O’Reilly program right away. It should be suggested to McCain that he get Forbes out campaigning for him ASAP and even consider appointing him to his administration. Would also like McCain to clarify if seniors are going to be taxed on their health benefits which came as a part of their retirement program from employers.
December 13th, 2008 at 6:08 pm
Should it not be that banks, industry and business bail out government, not the reverse?
Was that not true with the founders?
When did we change?
Why did we change?
I certainly agree that change is necessary.
December 14th, 2008 at 12:56 pm
Since the goverment has failed us and put wall street first before main street . They should take a 50% pay cut and loose 30% of there health care. Just like they want us to do to help these failing companies . Which would have not happened if they did there job in the first place.
December 15th, 2008 at 6:43 pm
Dear Neil Love your show watch you almost everyday. Our president says he wants to get our economy jump started. Well then why does’nt Mr. Obama and all of the Senate and Congress and the heads of all the motor companies take a 50% cut in pay until the economy is back on its feet. He says he wants to restore the trust in the government who let this mess happen because of greed. When the people of the U.S. see its head do something to really help this economy, perhaps the people will believe.
Ron in Crowville La.
January 22nd, 2009 at 8:34 am
Dear Neil
Should we close Gitmo?
Let the families of the twiw towers attack decide !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Mike Bloomfield
January 26th, 2009 at 2:12 pm
Dear Neil, Why are the republicans fighting against president Obama’s stimulus package, to help solve this economical crisis ? I would think ,that they would be exceedinglyglad tohelp him ,after all ,it was thier party, that’s, responsible for this problem.This, HOLD OUT,arguing acting as if they are so afraid is, merely,to make his plan harderto accomplish,and they are over looking the fact that the Democratic party supported their plan to jump start the Economy,without Hesitation.This, their party look as though they do not really want our fellow Americans to get Jobs PROMISED to them.
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa DAVID R. BURKS