March US Trade Deficit $40.42B
Airtime: Wed. May 12 2010 | 8:30 AM ET
The March trade gap is at its highest since December 2008. CNBC’s Rick Santelli and Steve Liesman parse the data.
Airtime: Wed. May 12 2010 | 8:30 AM ET
The March trade gap is at its highest since December 2008. CNBC’s Rick Santelli and Steve Liesman parse the data.
Former Fed Chairman & current head of the President’s Economic Advisory Panel Paul Volcker gives his opening statement to a House Financial Services Committee hearing on the link between bank supervision and monetary policy.
Discussing whether the housing market will continue its rebound, Robert Shiller, Yale economics professor.
“The Spanish economy is in a fix; the figures are really grim,” Robert Robinson from ICADE told CNBC Tuesday. The Spanish government has been going through an “ostrich syndrome” and hoping the problem will go away, but things will get worse before they get better, he said.
There will be a correction in the stock market “at some point,” Anthony Fry from Evercore Partners told CNBC Wednesday. But it’s unclear when that correction will occur, he added.
Cho-Oon Khong, chief political analyst at Shell International, sees an energy supply squeeze with demand expansion. He speaks to CNBC’s Martin Soong & Sri Jegarajah about the implications of this.
Art Cashin, head of floor operations at UBS, has the buzz from the NYSE.