Parsing the Fed Minutes
Airtime: Wed. Jul. 14 2010 | 2:02 PM ET
About half of the FOMC now sees risks tilted to the downside, reports CNBC’s Steve Liesman. Zane Brown, of Lord Abbett, and James Bianco, of Bianco Research, share their views.
Airtime: Wed. Jul. 14 2010 | 2:02 PM ET
About half of the FOMC now sees risks tilted to the downside, reports CNBC’s Steve Liesman. Zane Brown, of Lord Abbett, and James Bianco, of Bianco Research, share their views.
Waiting for and reacting to the Fed’s decision on rates and QE2, with Bill Gross, PIMCO co-founder; Kenneth Heebner, portfolio manager of CGM Realty Fund; and CNBC’s Steve Liesman, Erin Burnett & Hampton Pearson.
Bracing for the open, with Art Cashin, UBS and Warren Meyers, Walter J. Dowd.
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.
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.
The German cabinet approved a draft bill to ban naked short selling of euro zone government bonds and German shares Wednesday, but an outright ban has been postponed. Rüdiger von Rosen from Deutsches Aktieninstitut said that investors are responsible for their judgment.
The “extended period” language is putting us in a box, Saint Louis Federal Reserve President James Bullard tells CNBC