Obama Speaks Before Budget Deficit Commission
Airtime: Tues. Apr. 27 2010 | 9:52 AM ET
President Barack Obama speaks before the Budget Deficit Commission.
Airtime: Tues. Apr. 27 2010 | 9:52 AM ET
President Barack Obama speaks before the Budget Deficit Commission.
Stocks are “climbing a wall of worry and that tends to be the best kind of bull market,” Mike Lenhoff from Brewin Dolphin told CNBC Tuesday. Marc Ostwald from Monument Securities joined the discussion.
“We’re going to have another recession, I guarantee you… By 2012 say, it’s time for another recession,” Jim Rogers, chairman of Rogers Holdings, told CNBC Wednesday. “The next time it’s going to be worse because we’ve shot all of our bullets,” he added.
Forecasters warn the oil spill in the Gulf of Mexico could threaten the Mississippi and Alabama coasts as early ask this week. John Hofmeister, former CEO of US operations at Shell, shares his insight.
Lihir Gold has rejected an US$8.5 bn billion takeover offer from Newcrest Mining. Ron Cameron, senior analyst at Ord Minnett and Greg Canavan, editor of Sound Money – Sound Investments, weigh in on the deal, with CNBC’s Amanda Drury & Sri Jegarajah.
As the Japanese yen hits an 8-month high against the dollar, Timothy Connors, corporate forex manager at Custom House Western Union, speaks to CNBC’s Yousef Gamal El-Din, Maithreyi Seetharaman & Sri Jegarajah about whether the BOJ will intervene to slow the currency’s climb.
The Commerce Department said sales dropped a record 32.7 percent with CNBC’s Rick Santelli & Diana Olick.