Q2 GDP Revision
Airtime: Fri. Aug. 27 2010 | 8:32 AM ET
Insight on the markets and latest GDP report, with Tony Crescenzi, PIMCO, and CNBC’s Rick Santelli.
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Who Will Gain from a Rising Yuan?
A gradual appreciation of the yuan will be very good for companies exporting to China, says Jim McCaughan, CEO of Principal Global Investors. He assesses the impact of a stronger yuan, with CNBC’s Martin Soong, Karen Tso & Sri Jegarajah.
At an Inflection Point on Euro's Future
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.”
S&P About To Retest 1040 Support?
“As far as I’m concerned the technicals are in tact, says Guy Adami. We said the S&P would over-correct to the upside and trade up to 1130 and then turn lower — and it did. Now we’re likely in the next leg lower. We have to see what happens as the S&P trades down to the lower end of the range – around 1040 – will it hold next time we test it?
The patterns in the S&P suggest that support will not hold this time, adds Oppenheimer’s Carter Worth. My persumption is we break lower. I think we go to 980. I don’t think a great crash is coming but we are clearly entering a period when the downside should be the focus of investors.”Goldman CEO Blankfein on SEC
CNBC’s David Faber has the highlights on what Lloyd Blankfein said in response to SEC charges.
Strong Euro to Push Gold Higher
Gold prices will likely make firm gains when euro short-covering ends, Irakli Menabde from I2BF told CNBC Tuesday. The euro has had an inverse relationship to the dollar recently, he added.
Trichet Faces Tough QE Decision
ECB Chief Jean-Claude Trichet has a tough decision when it comes to quantitative easing because “who wants to be caught long sovereign debt,” Andy Hartwill from Quasar told CNBC Thursday.
