California's Budget Crisis
California is battling one of the worst budget crises in the nation. David Crane, special economics adviser to Gov. Arnold Schwarzenegger, discusses the situation with CNBC.
California is battling one of the worst budget crises in the nation. David Crane, special economics adviser to Gov. Arnold Schwarzenegger, discusses the situation with CNBC.
Toyota announced a fix for about 2.4 million of its 8 most popular models involved in a safety recall and sales and production suspension. Jim Lentz, president of Toyota U.S.A., discusses the fix with CNBC’s Phil LeBeau.
We’re making a move into equities, period, says Bill Gross, CIO of Pimco, as this asset class is almost as secure as the sovereigns themselves. He explains this shift in strategy, with CNBC’s Karen Tso, Sri Jegarajah & Martin Soong.
President Barack Obama discusses the role of manufacturing in the American economy and signs into law the Manufacturing Enhancement Act.
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.
Discussing whether financial regulation will bring back the individual investors to the markets, with Muriel Siebert, Siebert Financial and Irene Aldridge, Able Alpha Trading.
Insight on the regulatory debate surrounding hedge funds, with Sebastian Mallaby, author of “More Money Than God.”