Michael Douglas exuded a quiet but resolute presence Monday night as he walked the red carpet at the New York premiere of his new movie, 'Wall Street: Money Never Sleeps.' Sources close to the legendary actor tell me he is riddled with fear and finding it difficult to talk.

"It's cancer, of course he is frightened," a friend of Michael's tells me. "He's 65 years old and has everything to live for. His career couldn't be better and his personal life with beautiful wife, Catherine [Zeta Jones] and kids Dylan and Cary, couldn't be more perfect. Now this has come along and knocked the entire family off its feet."