Goldman's Spin Off
Airtime: Wed. Aug. 4 2010 | 12:00 PM ET
Firm to spin off a significant portion of its prop trading, with CNBC’s Kate Kelly and Dick Bove, Rochdale Securities.

Airtime: Wed. Aug. 4 2010 | 12:00 PM ET
Firm to spin off a significant portion of its prop trading, with CNBC’s Kate Kelly and Dick Bove, Rochdale Securities.

“I think what will actually happen to Greece and a lot of the other countries is, at best, stagflation,” legendary investor Wilbur Ross, of WL Ross & Co., told CNBC.

Political pressure is rising ahead of the midterm elections, with Greg Valliere, Potomac Research Group, Allen Sinai ,Decision Economics.

US tech bellwether Intel reported a near quadrupling of profit in the first quarter. It also raised its full-year margins outlook. “We’re delighted with the performance, to see a record Q1 on the back of a tough 2009,” Graham Palmer, UK MD at Intel, said Wednesday. “From a European perspective, we exceeded our expectations.”

CNBC’s Diana Olick has the details on the increase in demand for Florida condos.

Treasury Secretary Geithner is set to give an important speech later this afternoon on the next steps for financial reform, with CNBC’s Steve Liesman

Insight on the news coming from Washington, with David Gregory, NBC’s Meet the Press.