Bill Gross: Bond King's Investment Outlook
Airtime: Wed. Jul. 28 2010 | 2:13 PM ET
Bill Gross, co-CIO and founder of Pimco, share his investment outlook with CNBC.
Airtime: Wed. Jul. 28 2010 | 2:13 PM ET
Bill Gross, co-CIO and founder of Pimco, share his investment outlook with CNBC.
The euro is “ludicrously” for many of the struggling European countries such as Greece, but it is even too high for Germany, which is a competitive country, Roger Nightingale from Pointon York told CNBC Monday. Nightingale considers the future of the monetary union.
Euro zone GDP grew 1.7% year-on-year in the second quarter. Julian Callow from Barclays Capital told CNBC the strong result was largely due to German economic growth. Lothar Mentel, CIO of Octopus Investments, joined the discussion.
Which is the bigger threat? Vince Reinhart, former director at the FOMC; Jim Lacamp, of Macroportfolio Advisors; Jim Iuorio, of TJM Institutional Services; Lee Munson, of Portfolio Asset Mgmt.; and the CNBC news team discuss.
Dana Telsey, chief research officer at the Telsey Advisory Group, shares her reaction to March chain store sales data.
Six IPOs are scheduled for this week, with CNBC’s Bob Pisani.
If we don’t strengthen the ECB and European Commission, we should dismantle the euro, Carlos Gutierrez, former commerce secretary and former Kellogg CEO, said Thursday. “We’re at an inflection point,” he said. “The whole concept of the euro is being tested.”