Markets Reporter, Wall Street Journal
Professor of Finance at New York University's Stern School of Business; former partner at Goldman Sachs (1966-1987)
PROFILE
Roy Smith
Guest
FROM Roy Smith
To the Point
Markets Slide as Wall Street Staggers The brokerage firm Bear Stearns got a bailout earlier this year. The federal government also agreed to prop up Fannie Mae and Freddie Mack . But over the weekend, Treasury Secretary Paulson drew the line when it came to Lehman Brothers, which has now declared bankruptcy . Merrill Lynch has sold itself off. AIG , America's biggest insurance company, could be next. Stock prices are plunging. From Wall Street to Washington to the presidential campaign trail there is talk of America's worst financial crisis since the Great Depression. President Bush says he's working to minimize the disruption . McCain and Palin promise reform . Obama and Biden insist it's time to change parties . We look at the reshaping of both the financial world order and the race for the White House.
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To the Point
The longest US war: Will Trump send more troops to Afghanistan? The Trump White House is divided over the Pentagon's request for more troops in Afghanistan—where the US has been fighting for the past 16 years. Is there a formula -- either for "victory" or a political settlement? Is there an end in sight for America's longest war?
To the Point
The Trump agenda: where's the beef? President Trump says big things are happening. After celebrating a House bill on health care, he doesn’t yet have Senate agreement. With James Comey’s public testimony scheduled tomorrow, the President today tweeted his selection of a new FBI Director. Is the Chief Executive all style and no substance? Later, terror attacks in Iran and conflicting claims about who’s behind them.
To the Point
What is Trump's plan for Middle East peace? On his first foreign tour, President Trump has promised "peace" between Israel and the Palestinians. Are there any details for re-starting talks that have been stalled for the past three years?
To the Point
Trump's 'America First' goes missing abroad In the Middle East, President Trump is changing some policies of the Obama Administration—and reversing his own campaign attacks on Islam as a religion that "hates us." We hear about his visit to Saudi Arabia and what's at stake for the rest of his foreign excursion.