Greenspan's Thinking- Economy Has Hit An Invisible Wall
Airtime: Thurs. Jul. 1 2010 | 7:15 AM ET
Insight on the economy, the bond market and more, with Alan Greenspan, former Federal Reserve chairman.
Airtime: Thurs. Jul. 1 2010 | 7:15 AM ET
Insight on the economy, the bond market and more, with Alan Greenspan, former Federal Reserve chairman.
Pending Home Sales Down 30%.
Carlos Ghosn, president & CEO of Nissan-Renault, tells CNBC’s Kaori Enjoji that the way the car industry is going, “scale and collaboration” between different auto manufacturers is becoming increasingly important.
A countdown to the opening bell, with Arthur Cashin, UBS Financial Services director, floor operations.
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.
Fed Chairman Ben Bernanke gives his opening statement to a House Financial Services Committee hearing on the link between bank supervision and monetary policy.
The U.S. will be making a huge mistake if it does go ahead and sign an anti-China trade sanction bill, warns Stephen Roach, chairman of Morgan Stanley. He explains why to CNBC’s Bernard Lo & Karen Tso.