Economic Analysis- ISM Mfg Index
Airtime: Tues. Jun. 1 2010 | 10:02 AM ET
The ISM Manufacturing Index slipped to 59.7 in May from 60.4 in April, and construction spending jumped 2.7% in April. CNBC’s Steve Liesman parses the data.
Airtime: Tues. Jun. 1 2010 | 10:02 AM ET
The ISM Manufacturing Index slipped to 59.7 in May from 60.4 in April, and construction spending jumped 2.7% in April. CNBC’s Steve Liesman parses the data.
Weighing in on the markets and the economy, with Jeffrey Lacker, Federal Reserve Bank of Richmond president and CNBC’s Steve Liesman.
Hedge fund Skybridge Capital is entering into a definitive agreement to acquire Citi’s fund of hedge funds, seeding and advisory businesses. Anthony Scaramucci, managing partner of Skybridge Capital, discusses the deal with CNBC.
Van Anantha Nageswaran, chief investment officer, Bank Julius Baer, believes the probability of a double-dip is higher in 2011 than 2010. He tells CNBC’s Oriel Morrison & Bernard Lo that there are various headwinds ahead for the global economy.
The long-term chart for the euro suggests it will go “much lower” versus the dollar and could fall toward $0.90, which is the lows of 2000/2001, Mark Sturdy from Seven Days Ahead told CNBC Wednesday. Sturdy also takes a technical look at the pound.
Google to provide AOL improved advertising format, with Tim Armstrong, AOL chairman & CEO.
Roubini on the Economy