Art Cashin: Afternoon Trader Talk
Art Cashin: Afternoon Trader Talk in August 2010
Art Cashin: Afternoon Trader Talk in August 2010
Slowing growth in China is raising questions of a possible policy change from the central government. Insight from Qian Wang, JPMorgan chief China economist.
Japan’s economy slowed sharply in the second quarter with GDP missing forecasts. Jesper Koll, managing director & head of Japanese equity research at JPMorgan Securities Japan, tells CNBC’s Kaori Enjoji that this is a clear indication the country remains ensnared in deflation.
Tackling solutions for the next 75 years, with Alice Rivlin, Brookings Institution and Stuart Butler, Heritage Foundation.
The technical action in the major averages has deteriorated significantly. Not all of the major averages managed to rally above their recent chart highs, and all have now sliced back below their respective 200-day moving average (DMA) lines. It is also worrisome to see the number of distribution days pile up in recent weeks which puts pressure on the current five-week rally. Whenever a market rally becomes under pressure (as it is now), it is usually wise to err on the side of caution and adopt a strong defensive stance until the bulls regain control. Trade accordingly.
Parsing today’s economic data with John Brady, of MF Global, and CNBC’s Rick Santelli.
The buzz from the NYSE, with Art Cashin, of UBS. 8.13.10
Business school is becoming an unemployment safe haven, with applications up 50%, but what’s waiting for MBA holders on the other end? David Schmittlein, dean of MIT Sloan School of Business, shares his view
Euro zone GDP grew 1.7% year-on-year in the second quarter. Julian Callow from Barclays Capital told CNBC the strong result was largely due to German economic growth. Lothar Mentel, CIO of Octopus Investments, joined the discussion.
CNBC spoke to Oleg Deripaska, Russia’s richest man and CEO of the world’s largest aluminum producer Rusal, and asked him whether he expects a double-dip recession.