Bill Gross: Blame the Rating Agencies
Airtime: Wed. May 5 2010 | 2:08 PM ET
Discussing whether America is letting the rating agencies off the hook, with William Gross, PIMCO.
Airtime: Wed. May 5 2010 | 2:08 PM ET
Discussing whether America is letting the rating agencies off the hook, with William Gross, PIMCO.
President Obama shares remarks on the BP spill and more.
Gold is rapidly approaching the $1,300 mark, and James DiGeorgia, publisher of the “Gold & Energy Advisor,” says this is just the beginning of the bullion breakout.
About 180 class-action law suits have been filed against BP as a result of the Gulf oil spill. Robin Greenwald from Weitz & Luxenberg is filing two suits against the oil major and spoke to CNBC about the cases.
Discussing the rage on Capitol Hill directed at Goldman Sachs, with James Surowiecki, The New Yorker.
There is an 80% or more chance the euro zone will lose members within the next two years, Erwin Grandinger from EPM Financial Services Group said citing the group’s clients. He added that part of the problem is having no direct communication between politicians and the markets.
JP Morgan Chase kicking off earnings season, with Richard Bove, financial strategist at Rochdale Securities.