A Bottom for Housing? -Ara Hovnanian
Airtime: Thurs. Sept. 9 2010 | 7:10 AM ET
Insight on the state of housing, with Ara Hovnanian, president & CEO of Hovnanian Enterprises.
Airtime: Thurs. Sept. 9 2010 | 7:10 AM ET
Insight on the state of housing, with Ara Hovnanian, president & CEO of Hovnanian Enterprises.
The RBA lifted rates by 25 bps to 4.25% — its fifth rate hike since October 2009. Adam Gilmour, co-head FX & derivatives sales at Citi Asia Pacific, offers his instant analysis, with Graeme Maxton, chief economist at The Insight Bureau and CNBC’s Oriel Morrison.
Battered auto giant Toyota is gearing up for more recalls, with CNBC’s Phil LeBeau.
A countdown to the opening bell, with Arthur Cashin, UBS Financial Services director, floor operations.
Vulture investor Wilbur Ross, along with private equity firm Carlyle and Dublin-based Cardinal Group, will buy troubled Irish bank Education Savings Bank, Ross tells CNBC.
Looking at the market, since Monday’s follow-through day, the market and a batch of leading stocks, steadily rallied which is a healthy sign. The fact that we have not seen any serious distribution days show up since Monday’s FTD bodes well for this nascent rally. It is also a welcome sign to see the market continue to improve as investors digest the latest round of stronger than expected economic and earnings data. Remember that now that a new rally has been confirmed, the window is open to start buying high quality breakouts. Trade accordingly.
As European governments promised they will take steps to reduce gaping budget deficits, famous investor Jim Rogers told CNBC he bought the single European currency. Luca Silipo from Natixis and David Kotok from Cumberland Advisors joined the discussion.