Future of the Fed
Airtime: Tues. Aug. 3 2010 | 8:43 AM ET
Assessing the economic slowdown, with Frederic Mishkin, Columbia University professor and former Federal Reserve Board governor and Mark Olson, former Federal Reserve Board governor.

Airtime: Tues. Aug. 3 2010 | 8:43 AM ET
Assessing the economic slowdown, with Frederic Mishkin, Columbia University professor and former Federal Reserve Board governor and Mark Olson, former Federal Reserve Board governor.

Data out from the NAR show existing home sales in April jumped to 5-month highs, with CNBC’s Diana Olick and Jack McCabe, McCabe Research and Consulting.

Michael Swenson, managing director in the structured products group at Goldman Sachs, delivers his opening statement before a Senate panel that alleges Goldman profited from the housing meltdown and made billions at the expense of clients.

Robert Cole, author of The Unwritten Laws of Finance & Investment, Dan Bogler from the Financial Times and Maurice Pomery from Strategic Alpha discuss the outlook for the European economy as violent protests continue in Greece Wednesday.

Some hotel properties are managing to buck the downturn, with Stephen Bartolin, The Broadmoor, and John Scott, Rosewood Hotels & Resorts.

Looking at the market, since Monday’s follow-through day, the market and a batch of leading stocks, steadily rallied which is a healthy sign. The fact that we have not seen any serious distribution days show up since Monday’s FTD bodes well for this nascent rally. It is also a welcome sign to see the market continue to improve as investors digest the latest round of stronger than expected economic and earnings data. Remember that now that a new rally has been confirmed, the window is open to start buying high quality breakouts. Trade accordingly.

Real estate mogul Sam Zell’s firm is bullish on the New York market but really sees tremendous opportunity in the growing economy of Brazil, which Zell calls the US in 1950.