Crescenzi's Final Thoughts
Airtime: Fri. Aug. 27 2010 | 8:58 AM ET
Concluding thoughts on the market and economy, with Tony Crescenzi, PIMCO.
Airtime: Fri. Aug. 27 2010 | 8:58 AM ET
Concluding thoughts on the market and economy, with Tony Crescenzi, PIMCO.
Thanks to the cloud computing craze, shares of Rackspace Hosting have jumped 50% over the past three months. The company’s CEO, Lanham Napier, talks to the Fast Money traders about this hot sector.
Chris Richter, auto analyst at CLSA, says that Nissan CEO’s forecast for electric cars to make up 10 percent of global auto sales by 2020 sounds ambitious. He tells CNBC’s Oriel Morrison, that there is a market for green cars and a plug-in hybrid may be the compromise solution for now.
There is a possibility that Japan’s Ministry of Finance may decide to impose negative interest rates on the yen, says Enzio von Pfeil, CEO at Economic Time Bond Fund. He also discusses the health of the U.S. economy with CNBC’s Bernard Lo and Adam Bakhtiar, warning that the overall picture is not pretty.
President Obama makes comments on financial regulation progress in the Senate.
Finding a silver lining in the latest S&P/Case-Shiller results, with David Blitzer, Standard & Poor’s S&P 500 Index Committee.
Discussing what’s next for financial reform, with Robert Litan, Brookings sr. fellow.