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Cavuto on Business Recap of Saturday, September 6
Bottom Line: Hanna, Ike, and Josephine: Drowning Offshore Drilling's Momentum? Neil Cavuto: Nothing like some hurricanes to put the kibosh on drilling. I kid you not -- some environmentalists say the hurricanes are proof of the dangers of drilling: More rigs going up, more rigs that could go down? Charles Payne: I think it will give greenies the grief. We will see here these platforms withstand the harshest that nature throws at them. We already had a pretty big scare with Gustav. We have these three more. Neil Cavuto: But, that wasn't category four or five storms. We don't know if they can withstand. Charles Payne: The bottom line is they withstand a pretty good storm, the harshest so far this year, and probably the harshest since Katrina. It also underscore that we probably shouldn't have all the oil rigs in the Gulf of Mexico and it might be smart to have a few off the coast of California and a few off the coast of the East Coast and maybe even ANWR. Neil Cavuto: You sound like you're acknowledging there might be something to their point. Charles Payne: Absolutely not. Listen. We know things happen. Neil Cavuto: I think I found you vulnerable. Charles Payne: That was a good one. (laughter) The Cost of Freedom: Should Congress Stay on Vacation? Neil Cavuto: This week – Congress gets back to work. But, should they? Since they left last month, right around the time of the Olympics started up, gas prices are way down. Coincidence? Maybe not. Charles Payne: I agree. This is a do-nothing Congress whose poll numbers are, believe it or not, lower than the President's. We do need them to come back and address the issues Gary talked about – offshore drilling, the housing situation. Also, America sort of takes its cue from Capitol Hill. No one there seems to be in charge. If American feel like they are drowning, even if they showed some leadership, I think we could get consumer confidence up and maybe people feeling like there is a ray of hope. More for Your Money: Stocks That Win No Matter What! Neil Cavuto: We're back! So which stocks will jump no matter what Congress does when they get back to work? It's time to get "More for Your Money." Charles Payne: Stryker (SYK) Click here to see this segment
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