PIMCO's Mohamed El-Erian: Markets Battle Back
Airtime: Thurs. Aug. 26 2010 | 8:42 AM ET
Insight on the markets and the rising risk of a double-dip, with Mohamed El-Erian, PIMCO.
Airtime: Thurs. Aug. 26 2010 | 8:42 AM ET
Insight on the markets and the rising risk of a double-dip, with Mohamed El-Erian, PIMCO.
Lihir Gold has rejected an US$8.5 bn billion takeover offer from Newcrest Mining. Ron Cameron, senior analyst at Ord Minnett and Greg Canavan, editor of Sound Money – Sound Investments, weigh in on the deal, with CNBC’s Amanda Drury & Sri Jegarajah.
Insight on what the FOMC decision signals for the economy and markets, with Bill Gross, PIMCO, Ken Volpert, Vanguard Principal; David Kelly, JPMorgan Funds; and CNBC’s Steve Liesman & Rick Santelli.
Discussing today’s jobs data, with Milton Ezrati, Lord Abbett, and Carl Riccadonna, Deutsche Bank.
We’re making a move into equities, period, says Bill Gross, CIO of Pimco, as this asset class is almost as secure as the sovereigns themselves. He explains this shift in strategy, with CNBC’s Karen Tso, Sri Jegarajah & Martin Soong.
Gold has reached record highs in recent weeks, but it will continue to go much higher in price, Ben Davies, CEO, Hinde Capital said. Davies said he views gold, not as a commodity, but as a cash supplement. Less developed countries will buy gold to increase reserves, he added.
The European Central Bank left its core interest rate on hold at 1.0% Thursday. Karsten Junius from DekaBank, Brendan Brown from Mitsubishi UFJ Securities International and Neil MacKinnon from VTB Capital discuss the outlook for Europe.