Robert Gray
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Robert Gray
Robert Gray joined FOX Business Network in October 2007 as a general assignment business news reporter based at the New York Stock Exchange.
Prior to joining FBN, Gray was a reporter and weekend anchor at Bloomberg Television. In his role as reporter, Gray was the on-site reporter at the New York Stock Exchange. He covered the financial markets and generated stories on trends and moves in individual stocks, industry groups, and the market as a whole. As the weekend anchor, Gray wrote, edited, produced and presented a market wrap-up show.
Before Bloomberg, Gray was a producer, writer and affiliate relations manager for nationally syndicated radio programs, as well as an announcer for C-SPAN and C-SPAN 2. He also was a freelance writer for CNN and CNNfn, where he wrote national, international, sports and business stories.
Gray began his career as a news anchor on Radio Metropolis 106.2 FM in Prague, Czech Republic. There, he helped launch the nation's first English-language radio station. He wrote and presented news, business and sports reports.
Gray is a graduate of the University of North Carolina at Chapel Hill.
FOX Translator
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Even if you don't think you do, you already know plenty about commodities. Want us to prove it? No problem.
What makes oil produced in Saudi Arabia different from oil exported from Nigeria? It's the same thing that makes the corn you ate at last summer¿s barbecue different from the corn used to produce ethanol. Stumped? Well, don't feel bad, it's a trick question. The answer? Absolutely nothing. Corn is corn no matter where it comes from -- just as wheat is wheat and natural gas is -- right! -- natural gas. (Though the quality may differ, the make-up is uniform.)
So, in less elaborate terms, corn and oil (and all other commodities) are homogenous goods that can be processed, resold and more often than not, used as an input to the production of other goods or services. These goods are traded on a commodity exchange, thus setting the price-per-barrel (or other metric unit) used to value them.
Now pay attention, here's a question that indeed does have an answer: What is the difference between a commodity and a stock? While a stock can tank and become worthless, a commodity cannot have its value be wiped to zero. One other difference: Most commodities are traded in futures, meaning traders buy and sell where they think the price of a product will be at a certain point in the future. Stocks trade based on the value of the underlying company at that point in time.
