Ignore Good News During Crisis
Airtime: Fri. May 21 2010 | 4:00 AM ET
During a crisis, there will often be “crumbs of comfort” from economic data, but these should be ignored, Moorad Choudhry from London Metropolitan University told CNBC Friday.
Airtime: Fri. May 21 2010 | 4:00 AM ET
During a crisis, there will often be “crumbs of comfort” from economic data, but these should be ignored, Moorad Choudhry from London Metropolitan University told CNBC Friday.
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.
“The key to Europe right now would be the stress tests with the banks,” Alan B. Lancz, president of Alan B. Lancz & Associates told CNBC. Robert Grady from Cheyenne Capital joined the discussion.
The Fidelity China Special Situations Fund launched Monday and has managed to raise £460 million. Tom Stevenson from Fidelity told CNBC it was the biggest emerging market fund launch in the last 20 years.
Analysis of the July employment data with Howard Dean, former governor of Vermont, and Michael Leavitt, former governor of Utah.
Phillip Deans, professor of international relations at Temple University of Japan, says U.S.-Japan ties are strong and are unlikely to change under prime minister Naoto Kan. He also discusses Japan’s new cabinet line-up, with CNBC’s Oriel Morrison.
Getting a check on inflation, with CNBC’s Rick Santelli.