CFTC Chairman on Flash Crash
Airtime: Thurs. May 20 2010 | 9:53 AM ET
CFTC Chairman Gary Gensler offers his opening statement on the events that led up to May 6th’s “Flash Crash” to a Senate committee.
Airtime: Thurs. May 20 2010 | 9:53 AM ET
CFTC Chairman Gary Gensler offers his opening statement on the events that led up to May 6th’s “Flash Crash” to a Senate committee.
President Obama makes comments on the progress of economic recovery.
Treasury Secretary Timothy Geithner gives his opening statement on the public policy issues raised by the Lehman Brothers Bankruptcy Examiner report.
Charts: Beware of Euro Dips vs Dollar. The euro is likely to continue its rise against the dollar in the long term, but investors should watch out for setbacks in the near term, Royce Tostrams, technical analyst at Tostrams Groep, told CNBC Friday.
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.
CNBC’s Becky Quick talks to Berkshire-Hathaway CEO and billionaire investor Warren Buffett about Goldman Sachs, his company, the economy and his reservations about the financial reform proposal currently being debated in the Senate.
The Fed is getting set to end its purchases of mortgage-backed securities next month. CNBC’s Steve Liesman takes a look at what this means for mortgage rates.