Wilbur Ross on European Debt Crisis
Airtime: Tues. May 18 2010 | 7:04 AM ET
“I think what will actually happen to Greece and a lot of the other countries is, at best, stagflation,” legendary investor Wilbur Ross, of WL Ross & Co., told CNBC.
Airtime: Tues. May 18 2010 | 7:04 AM ET
“I think what will actually happen to Greece and a lot of the other countries is, at best, stagflation,” legendary investor Wilbur Ross, of WL Ross & Co., told CNBC.
Cisco Systems reported sales of $10.4 billion for the third quarter. John Chambers, CEO of Cisco Systems, tells CNBC that Cisco gained market share in every product category in the last quarter.
Chris Richter, auto analyst at CLSA, says that Nissan CEO’s forecast for electric cars to make up 10 percent of global auto sales by 2020 sounds ambitious. He tells CNBC’s Oriel Morrison, that there is a market for green cars and a plug-in hybrid may be the compromise solution for now.
U.S. jobless laims fell 11,000 week ending Oct. 2, with CNBC’s Rick Santelli & Steve Liesman.
Durable goods rose more than expected, up 3%, and jobless claims rose by 22,000 to 496,000.
Where the markets are headed next, with James Hardesty, Hardesty Capital Management and David Hefty, Cornerstone Wealth Management.
Byron Wien, senior managing director of the Blackstone Group, shares his market outlook.