Jamie Dinan on Recovery, Rates & More
Hedge fund manager Jamie Dinan, of York Capital Management, discusses the economic recovery and more with CNBC.
Obama Holds News Conference
President Obama shares remarks on the BP spill and more.
GDP & Jobless Claims
US unemployment claims fell last week, suggesting the battered labor market is recovering but only slowly, the Labor Department said on Thursday. Jim Iuorio, of TJM Institutional Investors; Jerry Webman, of Oppenheimer Funds; Andrew Ross Sorkin, of the NY Times; and CNBC’s Steve Liesma discuss.
Gold Price Has Room to Rise: Vantage CEO
Gold is likely to stay above $1,000 this year, with room to rise further, says Mike McChesney, CEO of Vantage Goldfields. He talks to Greg Bundy of AIMS Financial, and CNCB’s Oriel Morrison and Sri Jegarajah, as the junior miner lists on the Australian market today.
Antitrust Issue for Apple?
The DOJ reportedly taking a close look at Apple’s digital music business, with Toni Sacconaghi, Sanford C. Bernstein and Gene Munster, Piper Jaffray.
Stocks & Euro Negatively Reverse
Wednesday marked Day 2 of a new rally attempt for the benchmark S&P 500 index but the other major averages have yet to mark Day 1 which is a negative divergence. That said, as long Tuesday’s lows are not breached in the S&P 500, the earliest a proper follow-through day (FTD) could occur would be Friday. However, if at anytime, Tuesday’s lows are breached, then the day count will be reset. What does all of this mean for investors? Simple, the market remains in a correction which reiterates the importance of adopting a strong defense stance until a new rally is confirmed. Trade accordingly.
Will Gold Replace Currencies?
Gold has reached record highs in recent weeks, but it will continue to go much higher in price, Ben Davies, CEO, Hinde Capital said. Davies said he views gold, not as a commodity, but as a cash supplement. Less developed countries will buy gold to increase reserves, he added.
European Market Breakdown
CNBC’s Annette Weisbach breaks down today’s European market action.
Social Networking- The Future of Business
Marc Benioff, CEO of Salesforce.com, says business users will leverage the power of social networking in a private and secure way. He tells CNBC’s Karen Tso why social networking will be the future of business.
Stocks Rally After Hitting Fresh 2010 Lows
All the major averages sliced below Friday’s lows which effectively ended the current rally attempt and reset the base count. However, the S&P 500 managed to close higher for the day which marked Day 1 of a new rally attempt for that index. In addition, the earliest a proper follow-through day (FTD) could occur would be Friday, providing Tuesday’s lows are not breached. However, if at anytime, Tuesday’s lows are breached, then the day count will be reset. What does all of this mean for investors? Simple, the market remains in a correction which reiterates the importance of adopting a strong defense stance until a new rally is confirmed. Trade accordingly.