BP's Svanberg Sounds Off
Why BP’s cleanup and claim costs will stretch over next several months, with Carl-Henric Svanberg, BP chairman & CNBC’s Maria Bartiromo.
Why BP’s cleanup and claim costs will stretch over next several months, with Carl-Henric Svanberg, BP chairman & CNBC’s Maria Bartiromo.
Elin Nordegren and Tiger Woods confirmed on Monday that they have divorced. CNBC’s Darren Rovell discusses the outcome.
The euro is “ludicrously” for many of the struggling European countries such as Greece, but it is even too high for Germany, which is a competitive country, Roger Nightingale from Pointon York told CNBC Monday. Nightingale considers the future of the monetary union.
We are more concerned about rate rises in China than the Greece contagion risks, says Craig Irvine, co-head of regional research at Daiwa Capital Markets. He speaks to CNBC’s Karen Tso and Martin Soong about his outlook for Asian markets.
A reading list for Summer interns, with the Power Lunch news team.
Airtime: Thurs. Mar. 25 2010 | “I’m a long-term equity bull, however the long-term doesn’t include the next six to eight weeks,” Julius De Kempenaer, manager at Taler Trend Fund, told CNBC Thursday. “For the next couple of weeks I’d expect a slightly lower Euro Stoxx 50 Index and stocks in general in Europe,” he said.
Friday marked Day 4 of a new rally attempt for the benchmark S&P 500 Index and Day 2 for the other major averages. That said, as long Tuesday’s lows are not breached in the S&P 500, the window is now opened for a proper follow-through day (FTD) to occur. However, if at anytime Tuesday’s S&P 500 Index 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.