Weekly Jobless Claims
Airtime: Thurs. Nov. 4 2010 | 8:30 AM ET
Insight on the latest jobs report, with CNBC’s Steve Liesman.
Airtime: Thurs. Nov. 4 2010 | 8:30 AM ET
Insight on the latest jobs report, with CNBC’s Steve Liesman.
Hedge fund legend Jim Simons, founder of Renaissance Technologies, shares his market and economic outlook with CNBC’s Melissa Lee.
Stocks remain strong as investors digested the latest round of economic data. The benchmark S&P 500, Dow Jones Industrial Average, NYSE composite, mid-cap S&P 400, small-cap Russell 2000 and small-cap S&P 600 indices all enjoyed fresh recovery closing highs! The current rally is in its 44th week (since the March 12, 2009 follow-through day) and on all accounts still looks very strong. In addition, most bull markets last for approximately 36 months, so the fact that we are beginning our 10th month suggests we have more room to go. December’s jobs report will likely set the stage for the next near term move for the major averages but until support is broken (50 DMA lines for the major averages), this rally deserves the bullish benefit of the doubt.
James Surowiecki from the New Yorker discusses Health Care with David Cutler.
The CNBC news team parses today’s economic data. Ken Langone, CEO of Invemed, shares his insight and tells CNBC he sees a jobless recovery ahead of us.
Blackrock’s Doll: Abating Market Ambiguities. Insight on where the markets are headed, with Robert Doll, BlackRock vice chairman.
Ray Dalio, founder & CIO of Bridgewater Associates, runs the world’s largest hedge fund with $89 billion under management, returning more for the fund’s investors last year than Google, Amazon, Yahoo and eBay combined.