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We’re making a move into equities, period, says Bill Gross, CIO of Pimco, as this asset class is almost as secure as the sovereigns themselves. He explains this shift in strategy, with CNBC’s Karen Tso, Sri Jegarajah & Martin Soong.
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CNBC’s Rick Santelli has the breakdown of the economic data and analysis with Tony Crescenzi, Pimco senior VP/market strategist & portfolio manager; Barry Knapp, Barclays PLC head of U.S. portfolio strategy; Frederic Mishkin former Federal Reserve Board governor and CNBC’s Steve Liesman.
GOP vs. Fed
The fight is now between Republicans and their deficit-cutting policy and the Fed and its stimulus policy, reports CNBC’s Eamon Javers.
Prostate Cancer Breakthrough-DNDN
CNBC’s Bertha Coombs has the details on a major breakthrough on a therapeutic cancer vaccine.