President Obama Signs FinReg Bill
Airtime: Wed. Jul. 21 2010 | 11:30 AM ET
President Obama signs the financial regulation bill.
Airtime: Wed. Jul. 21 2010 | 11:30 AM ET
President Obama signs the financial regulation bill.
Toyota announced a fix for about 2.4 million of its 8 most popular models involved in a safety recall and sales and production suspension. Jim Lentz, president of Toyota U.S.A., discusses the fix with CNBC’s Phil LeBeau.
Ford CEO Alan Mulally speaks with CNBC’s Phil LeBeau at the Paris Auto Show about the company’s new Focus ST and the road map for other new vehicles.
Asian nations need more involvement in the G20 policy decisions, but that could happen when the Republic of Korea takes over as group chair, Robert Kimmit, former US Deputy Treasury Secretary, told CNBC Thursday. Philippa Malmgren from Principalis Asset Management joined the discussion.
“We’re going to have another recession, I guarantee you… By 2012 say, it’s time for another recession,” Jim Rogers, chairman of Rogers Holdings, told CNBC Wednesday. “The next time it’s going to be worse because we’ve shot all of our bullets,” he added.
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.
Hedge fund Skybridge Capital is entering into a definitive agreement to acquire Citi’s fund of hedge funds, seeding and advisory businesses. Anthony Scaramucci, managing partner of Skybridge Capital, discusses the deal with CNBC.