LeFrak's Expanding Empire
Airtime: Fri. Sept. 10 2010 | 7:00 AM ET
Insight on real estate and jobs, with Richard LeFrak, president of The LeFrak Organization.
Airtime: Fri. Sept. 10 2010 | 7:00 AM ET
Insight on real estate and jobs, with Richard LeFrak, president of The LeFrak Organization.
G20 finance ministers have thrown out the idea for group tax on the banking sector to pay for future crises, with emphasis instead on new capital requirement rules to keep that sector healthy. South Korea’s finance minister, Yoon Jeung-hyun, tells CNBC’s Chloe Cho what progress was made on “Too Big to Fail.”
Discussing Bank of America’s quarterly results, with Brian Moynihan, Bank of America president & CEO.
Friday marked Day 4 of a new rally attempt for the benchmark S&P 500 Index and Day 2 for the other major averages. That said, as long Tuesday’s lows are not breached in the S&P 500, the window is now opened for a proper follow-through day (FTD) to occur. However, if at anytime Tuesday’s S&P 500 Index lows are breached, then the day count will be reset. What does all of this mean for investors? Simple, the market remains in a correction which reiterates the importance of adopting a strong defense stance until a new rally is confirmed. Trade accordingly.
The currency wars could come to a head this weekend at the G20 summit. Arnab Das, managing director of market research and strategy of Roubini Global Economics, and Lauren Rosborough, senior currency strategist at Westpac, discuss the outlook.
The Bank of England held interest rates at a record low, as widely expected Thursday. Anthony Gibbs from Vantage Capital Markets told CNBC that the UK could be facing an inflation problem.
Following the Bank of Japan’s decision to leave rates on hold, Jeffrey Halley, senior manager FX trading at Saxo Capital Markets, shares his take on the economy and its growth prospects, with CNBC’s Chloe Cho & Anna Edwards.