June Job Losses at -125,000
Airtime: Fri. Jul. 2 2010 | 8:33 AM ET
June saw a loss of 125,000 jobs, but the jobless rate fell to 9.5%. The CNBC news team parses the data.
Airtime: Fri. Jul. 2 2010 | 8:33 AM ET
June saw a loss of 125,000 jobs, but the jobless rate fell to 9.5%. The CNBC news team parses the data.
Thanks to the cloud computing craze, shares of Rackspace Hosting have jumped 50% over the past three months. The company’s CEO, Lanham Napier, talks to the Fast Money traders about this hot sector.
President Barack Obama discusses a small business jobs bill.
Ray Dalio, founder & CIO of Bridgewater Associates, runs the world’s largest hedge fund with $89 billion under management, returning more for the fund’s investors last year than Google, Amazon, Yahoo and eBay combined.
Insight on Rahm Emanuel’s departure and whether the White house is trying to woo back business support, with Joy Reid, The Reid Report; Andrew Busch, BMO Capital Markets and Ben Ferguson, syndicated radio talk show host.
A political gridlock is seen as a good thing for the equity markets, believe Alastair Newton, MD & senior political analyst at Nomura International and Frank Lavin, Former White House Political Director. They also tell CNBC’s Martin Soong that the Bush tax cut extensions will be an important factor in this election.
Hungary is definitely not in the same position on its debt as Greece, Economy Minister Gyorgy Matolcsy told CNBC. The new government will keep the budget deficit at 3.8 percent of gross domestic product, Matolcsy pledged.