Fed Fight
Airtime: Tues. Aug. 24 2010 | 9:46 AM ET
Insight on the fight within the Federal Reserve, with Jon Hilsenrath, WSJ.
Airtime: Tues. Aug. 24 2010 | 9:46 AM ET
Insight on the fight within the Federal Reserve, with Jon Hilsenrath, WSJ.
Rating agencies don’t seem to have many friends these days, with Jerome Fons, former Moody’s managing director.
Automakers Renault, Nissan and Daimler agreed to swap stakes in a bid to increase scale and share costs Wednesday. “There’s a demand for premium small cars growing, so we definitely want to participate and we want to do that successfully,” Dieter Zetsche, chairman of Daimler told CNBC. Carlos Ghosn, chairman and CEO of Renault-Nissan, also spoke to CNBC.
President Barack Obama discusses a small business jobs bill.
Gold has reached record highs in recent weeks, but it will continue to go much higher in price, Ben Davies, CEO, Hinde Capital said. Davies said he views gold, not as a commodity, but as a cash supplement. Less developed countries will buy gold to increase reserves, he added.
Ken Langone, CEO of Invemed and co-founder of Home Depot, shares his parting shots.
French and German banks are still the most exposed to debt-ridden euro zone countries, according to data from the Bank of International Settlements. Arturo De Frias from Evolution Securities has analysis Monday.