Pres. Obama: Extend Unployment Benefits
Airtime: Mon. Jul. 19 2010 | 11:00 AM ET
President Obama addresses the political issues preventing the Senate from extending unemployment benefits in the US.
Airtime: Mon. Jul. 19 2010 | 11:00 AM ET
President Obama addresses the political issues preventing the Senate from extending unemployment benefits in the US.
Global investors are waiting for the results of the stress tests on European banks, with CNBC’s Silvia Wadhwa.
The European Central Bank kept interest rates on hold Thursday, as expected. Jörg Krämer, chief economist at Commerzbank, considers the strategy of the central bank.
“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.”
The way the recovery is being engineered is quite wrong, says David Roche, global strategist at Independent Strategy Ltd, as it is sowing the seeds of greater instability. He talks about the sovereign debt bubble, with CNBC’s Amanda Drury & Sri Jegarajah.
March wholesale inventories were up .4 percent, with CNBC’s Rick Santelli.
President Obama discusses the Gulf oil spill and his displeasure at the finger-pointing that’s taken place among the various participants.