Final Thoughts With Jack Welch 6.16.10
Airtime: Wed. Jun. 16 2010 |
Concluding market insight, with Jack Welch, “Straight from the Gut” author.
Airtime: Wed. Jun. 16 2010 |
Concluding market insight, with Jack Welch, “Straight from the Gut” author.
Discussing weekly jobless claims, with Jim Iurio, TJM Institutional Services and CNBC’s Rick Santelli & Steve Liesman
CNBC’s Jim Goldman discusses reports that Apple is getting ready to release a new phone that will work on Verizon’s network.
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.
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.
Insight on the midterms, politics and more, with Don Peebles CEO & Chairman The Peebles Corporation, and Dick Armey (R) Former House Majority Leader.
G20 finance ministers have thrown out the idea for group tax on the banking sector to pay for future crises, with emphasis instead on new capital requirement rules to keep that sector healthy. South Korea’s finance minister, Yoon Jeung-hyun, tells CNBC’s Chloe Cho what progress was made on “Too Big to Fail.”