Insight from Pimco's Mohamed El-Erian
Airtime: Tues. Oct. 12 2010 | 8:40 AM ET
Insight on the markets, with Mohamed El-Erian, PIMCO.

Airtime: Tues. Oct. 12 2010 | 8:40 AM ET
Insight on the markets, with Mohamed El-Erian, PIMCO.

Durable goods rose more than expected, up 3%, and jobless claims rose by 22,000 to 496,000.

The world is doomed because the governments are taking over and will bankrupt us, says Marc Faber, editor & publisher at The Gloom, Boom & Doom Report. He also tells co-guest host Michael Yoshikami, founder, president and chief investment strategist at YCMNet Advisor, CNBC’s Bernard Lo and Karen Tso, that the Goldman fraud case was mainly political.

Toronto-based minder Barrick Gold posting better-than-expected earnings, with Aaron Regent, Barrick Gold CEO.

Discussing the risk of global currency wars, with Christian Carillo, head of Asia-Pacific interest rate strategy at Societe Generale Corporate & investment Banking. He tells CNBC’s Karen Tso and Sri Jegarajah, that with economies underperforming, domestic political pressures will increase for measures that will not be beneficial to anyone.

Global demand for crude oil is due to grow, according to Victor K. Shum from Purvin & Gertz. Shum considers the outlook for the oil market.

“The big risk is that there will be a downturn in markets that could impact the bond, the equity and the credit markets,” Nouriel Roubini, chairman of RGEMonitor.com, told CNBC when discussing the economic outlook Friday.