Fed's Bullard Speaks
Airtime: Mon. Mar. 22 2010 |
The “extended period” language is putting us in a box, Saint Louis Federal Reserve President James Bullard tells CNBC.
Airtime: Mon. Mar. 22 2010 |
The “extended period” language is putting us in a box, Saint Louis Federal Reserve President James Bullard tells CNBC.
Kathleen Murphy, president of Fidelity Personal Investing, shares her tips on playing this volatile market.
CNBC’s Phil LeBeau reports that China’s SAIC has informally approached GM about getting in on its IPO later this year. The company is said to have a 13-year relationship with GM.
“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.”
Joshua Birnbaum, a former managing director in the structured products group at Goldman Sachs, delivers his opening statement before a Senate panel that alleges Goldman profited from the housing meltdown and made billions at the expense of clients.
An economic outlook, with James Bullard, St. Louis Federal Reserve Bank CEO/president.
The European Central Bank left interest rates unchanged at 1% Thursday, as widely expected. João Borges de Assunção from Católica School of Business, Charlie Morris from HSBC Global Asset Management and Brendan Brown from Mitsubishi UFJ Securities International have analysis.