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Toddo on TV: GM's Friends and Family Discount


Markets, movers and more.

Goody goody gum drops! General Motors (GM) is extending its employee discount to "friends" and "family". Will this have any impact on sales? Todd mouths off.

And what of airline stocks? Interestingly, there's little historical correlation between the price of crude and the price of airlines. In 2005, most of these carriers were trading at levels similar to today. And back then, oil was at $50 per barrel.

Now watch this! Toddo's watching, waiting, waiting and watching the financials' reaction to Standard & Poor's putting Fannie Mae (FNM) and Freddie Mac's (FRE) ratings under review.

In the Buzz & Banter segment, Todd talks National Australia Bank's $800 million in writedowns, expanded short-sale rules, gold sales at pawn shop chain Cash America (CSH) and Visa (V) and Mastercard (MA) as possible processing plays.

No positions in stocks mentioned.

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