Former CNBC Fast Money Panelist Eric Bolling bids for Shopping Date with Ivanka Trump

Former CNBC "Fast Money" Panelist Eric Bolling (and current Fox Business Network Financial Analyst) appeared on Donald Trump's Celebrity Apprentice Finale.

Contestants Tabloid Editor Piers Morgan and Country music superstar Trace Adkins were in charge of setting up a charity event which included an auction.

One of the auction items included a Shopping Date with Ivanka Trump, Donald Trump's Daughter. The First Bid was from Eric Bolling (Celebrity Apprentice did not mention his name) for $20k and he had a big smile on his face.

Soon, Piers Morgan made a phone call and on the other line, the voice of American Idol Judge Simon Cowell was heard and started to bid $50k. Eric Bolling countered with $60k. Simon Cowell then bid $75k. Eric Bolling raised the stakes to $85k.

Finally, Simon Cowell bids $100k and wins the Shopping Date with Ivanka Trump and Eric Bolling loses the auction item.

The Video


Ivanka Trump



Eric Bolling



Jim Cramer and Erin Burnett

Financial and Television Personality and CNBC's Mad Money Host Jim Cramer and CNBC Financial Reporter Erin Burnett also appeared on the Celebrity Apprentice.





Investment House Cantor Fitzgerald Very Generous

Investment House Cantor Fitzgerald (who lost more than 700 employees who were working in the World Trade Center on Sept. 11, 2001) donated a lot of money to help the charities on the Celebrity Apprentice. One partner paid $100k for a Tea Date with the Duchess of York, Sarah Ferguson, and $100k for time with Ozzy and Sharon Osbourne.

The company also offered to match up to $250,000 of viewers donations through cell phone texting..

Gold Chart Initial Price Target $1160

Inflation and Gold have been making the news. Recently, on CNBC's show Fast Money, Chartist Louise Yamada showed a chart of gold and made some analysis. Inspired by her work, we charted GLD, the Gold ETF. GLD appears to have a price 1/10 of the true price of gold. (If GLD is $98, then the price of gold is around $980 per ounce.)



In the chart above, we see a trading zone (triangle) from around $55 to $72. In the first leg, we see an increase from around $42 to $72, a gain of 71%. If we use this gain, and add it to the the trading zone base (near the end of the triangle), we get $116, or 71% above $68. This estimate matches what Louise Yamada mentioned on the air.

After this price target of $116, perhaps GLD will start consolidating, preparing itself for the next move (higher?)

Today's Chart of GLD

Video on Demand Trade; Death of DVD

Video on Demand Plays

CNBC's show Fast Money on June 5, 2007, featured a segment on playing the Video-on-Demand trend in the Digital Living Room. They started the segment saying that when DVDs come out, movie studios will send the movies direct to Video-On-Demand Systems as well.

1. Jeff Macke one of the traders suggests:
Releasing DVD and VOD (Video on Demand at the same time) helps the studios capture more of the margin. The rental business isn't that great for the studios. So the trade becomes: Long Disney (DIS) or any movie studio. Also, good plays are Comcast (CMCSA) because VOD is good for them. Companies like Blockbluster (BBI) and Netflix (NFLX) will get killed by this.

2. Eric Bolling:
Short BBI. Winner is Comcast (CMCSA) and other Content Distributors.

3. Guy Adami:
Long Lions Gate (LGF)


Joost Plays

Joost and internet video on Fast Money: There is a trend towards peer-to-peer model vs. a central server model (like YouTube). With the peer-to-peer model (from big players), downloads can be faster and legal. Get content direct from a CBS (CBS), Time Warner (TWX), or Viacom (VIA) or some other big player. There is also an advertising aspect, as Joost might be able to use this information to do targeted (more effective) ads.

Associated with this company are two publicly traded companies, CBS, and Viacom (VIA). One of the reporters speculates that it might be a good takeover target for one of the media players.

1. Eric Bolling:
Doesn't like it because it is not user generated. There are too many ways to get non user generated videos.