Citi's Non-Apologies
Airtime: Thurs. Apr. 8 2010 | 7:53 PM ET
Former Citi execs sort of apologize for their role in the 2008 credit crisis, with Jerry Bowyer, syndicated columnist and Matt Miller, Washington Post.
Airtime: Thurs. Apr. 8 2010 | 7:53 PM ET
Former Citi execs sort of apologize for their role in the 2008 credit crisis, with Jerry Bowyer, syndicated columnist and Matt Miller, Washington Post.
US consumer spending rose by less than expected in September as income fell for the first time in 14 months. CNBC’s Rick Santelli delves into the data.
SEC Chairman Mary Schapiro discusses actions the agency is considering to prevent market drops like the one that happened last week.
The world is doomed because the governments are taking over and will bankrupt us, says Marc Faber, editor & publisher at The Gloom, Boom & Doom Report. He also tells co-guest host Michael Yoshikami, founder, president and chief investment strategist at YCMNet Advisor, CNBC’s Bernard Lo and Karen Tso, that the Goldman fraud case was mainly political.
Looking at the market, since Monday’s follow-through day, the market and a batch of leading stocks, steadily rallied which is a healthy sign. The fact that we have not seen any serious distribution days show up since Monday’s FTD bodes well for this nascent rally. It is also a welcome sign to see the market continue to improve as investors digest the latest round of stronger than expected economic and earnings data. Remember that now that a new rally has been confirmed, the window is open to start buying high quality breakouts. Trade accordingly.
Volcker on Volcker’s Rule 2.2.10
North Korea is severing ties with South Korea in response to sanctions handed down, and the escalating tension is adding another layer of fear to the global markets. NBC’s Jim Miklaszewski has the details.