Weekly Jobless Claims & PPI
Airtime: Thurs. Jul. 15 2010 | 8:32 AM ET
Breaking news on the state of the labor market and inflation, with the CNBC team.
Airtime: Thurs. Jul. 15 2010 | 8:32 AM ET
Breaking news on the state of the labor market and inflation, with the CNBC team.
Discussing what impact the death of Senator Byrd will have on financial regulatory overhaul, with CNBC’s Eamon Javers
Discussing multiple signs that there’s a significant deterioration in the fragile housing market, with CNBC’s Diana Olick.
The housing recovery will continue to be mixed after a year-over-year drop in January marked an improvement over December, says David Blitzer, Chairman of the Index Committee at S&P.
“As far as I’m concerned the technicals are in tact, says Guy Adami. We said the S&P would over-correct to the upside and trade up to 1130 and then turn lower — and it did. Now we’re likely in the next leg lower. We have to see what happens as the S&P trades down to the lower end of the range – around 1040 – will it hold next time we test it?
The patterns in the S&P suggest that support will not hold this time, adds Oppenheimer’s Carter Worth. My persumption is we break lower. I think we go to 980. I don’t think a great crash is coming but we are clearly entering a period when the downside should be the focus of investors.”
Discussing China’s economy, with Tim Geithner, Treasury Secretary; CNBC’s Erin Burnett; and John Rutledge, Rutledge Capital.
“After the huge rallies of last year I think it’s time for the markets to consolidate,” Ashok Shah, CIO of London & Capital, told CNBC Tuesday. “There is a risk of a double dip recession around the corner,” he added when discussing the economic outlook for Europe.