Econ Analysis: CPI, Jobless Claims
Airtime: Thurs. Mar. 18 2010 |
The CNBC news team parses today’s economic data.

Airtime: Thurs. Mar. 18 2010 |
The CNBC news team parses today’s economic data.

Treasury Secretary Timothy Geithner talks about exports and the growth of the US economy, as well as the job increases he expects to see in the next year, with CNBC’s Erin Burnett.

“The Spanish economy is in a fix; the figures are really grim,” Robert Robinson from ICADE told CNBC Tuesday. The Spanish government has been going through an “ostrich syndrome” and hoping the problem will go away, but things will get worse before they get better, he said.

The debt situation of Portugal is close to that of Spain so Spanish investors are in a tough position after the downgrade of Portugal, Pablo García from ODDO Securities told CNBC Thursday.

March wholesale inventories were up .4 percent, with CNBC’s Rick Santelli.

“As far as I’m concerned the technicals are in tact, says Guy Adami. We said the S&P would over-correct to the upside and trade up to 1130 and then turn lower — and it did. Now we’re likely in the next leg lower. We have to see what happens as the S&P trades down to the lower end of the range – around 1040 – will it hold next time we test it?
The patterns in the S&P suggest that support will not hold this time, adds Oppenheimer’s Carter Worth. My persumption is we break lower. I think we go to 980. I don’t think a great crash is coming but we are clearly entering a period when the downside should be the focus of investors.”

American companies are now outsourcing to small towns in the United States, with Monty Hamilton, Rural Sourcing CEO.