A Suite Recovery
Airtime: Mon. Aug. 23 2010 | 8:10 AM ET
Some hotel properties are managing to buck the downturn, with Stephen Bartolin, The Broadmoor, and John Scott, Rosewood Hotels & Resorts.
Airtime: Mon. Aug. 23 2010 | 8:10 AM ET
Some hotel properties are managing to buck the downturn, with Stephen Bartolin, The Broadmoor, and John Scott, Rosewood Hotels & Resorts.
The ISM Manufacturing Index slipped to 59.7 in May from 60.4 in April, and construction spending jumped 2.7% in April. CNBC’s Steve Liesman parses the data.
Mohamed El-Erian, of Pimco, discusses the “new normal” and what’s next for the markets.
Axel Weber, president of Deutsche Bundesbank, told CNBC that the Greek bailout will be implemented soon as he dismissed the idea that the euro zone is at risk of falling apart.
Resistance to Basel III reforms is misplaced and creating a more resilient global system of regulation was crucial, European Central Bank President Jean-Claude Trichet told CNBC.
“We do not contemplate the possibility of a double-dip recession… It’s not impossible, but it is not something that we think is likely,” Jose Vinals, financial counselor and director of the Monetary and Capital Markets Department from the IMF, told CNBC Thursday. Amartya Sen, author of The Idea of Justice, joined the discussion.
Countdown to the opening bell, with Art Cashin, UBS.