Alan Schwartz's Opening Statement to FCIC
Airtime: Wed. May 5 2010 | light e) ET
Former Bear Stearns CEO Alan D. Schwartz provides his opening statement to the Financial Crisis Inquiry Commission regarding the failure of his former company.
Airtime: Wed. May 5 2010 | light e) ET
Former Bear Stearns CEO Alan D. Schwartz provides his opening statement to the Financial Crisis Inquiry Commission regarding the failure of his former company.
Even if Julia Gillard takes over the PM seat in Australia, the proposed mining tax will still remain, says Colin Chapman, Asia Pacific VP at Strategic Forecasting. He makes his case to Brian Coulton of Fitch Ratings, CNBC’s Martin Soong, Karen Tso & Sri Jegarajah.
Elin Nordegren and Tiger Woods confirmed on Monday that they have divorced. CNBC’s Darren Rovell discusses the outcome.
Discussing the election and the decision of the Canadian government to intervene in the BHP/Potash situation, with Jack Welch, former GE CEO and “Straight from the Gut” author.
Discussing the impact of the oil spill on Florida, with Mike Wiggins, Pensacola mayor and NBC’s Kristen Dahlgren.
“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.”
White House’s mid-session budget review is due Thursday, with Gov. Tim Pawlenty, (R-MN).