Econ Analysis: Durable Goods, Jobless Claims 2.25.10
Airtime: Thurs. Feb. 25 2010 |
Durable goods rose more than expected, up 3%, and jobless claims rose by 22,000 to 496,000.
Airtime: Thurs. Feb. 25 2010 |
Durable goods rose more than expected, up 3%, and jobless claims rose by 22,000 to 496,000.
Quantitative easing is not going to work, warns Stephen Roach, non-executive chairman at Morgan Stanley Asia. In this First On CNBC interview, he tells CNBC’s Chloe Cho why, as well as if capital controls will help or hamper the global recovery.
Wynn Resorts expects the high-end gambling market to lead growth, contrary to what Macau rival SJM is predicting. Steve Wynn, chairman & CEO of Wynn Resorts, explains his views to CNBC’s Bernard Lo.
Cisco Systems reported sales of $10.4 billion for the third quarter. John Chambers, CEO of Cisco Systems, tells CNBC that Cisco gained market share in every product category in the last quarter.
Treasury Secretary Timothy Geithner discusses the German ban on short selling and the steps Europe is taking toward economic and financial reform. He also discusses U.S. contingency plans in the event European aid falls through with CNBC’s Erin Burnett.
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 the rage on Capitol Hill directed at Goldman Sachs, with James Surowiecki, The New Yorker.