Meredith Whitney on FinReg, China & the Markets
Airtime: Mon. Jun. 21 2010 |
We could be in for a rough second half, Meredith Whitney, CEO of the Meredith Whitney Advisory Group, told CNBC.
Airtime: Mon. Jun. 21 2010 |
We could be in for a rough second half, Meredith Whitney, CEO of the Meredith Whitney Advisory Group, told CNBC.
“After the huge rallies of last year I think it’s time for the markets to consolidate,” Ashok Shah, CIO of London & Capital, told CNBC Tuesday. “There is a risk of a double dip recession around the corner,” he added when discussing the economic outlook for Europe.
Discussing the election and the decision of the Canadian government to intervene in the BHP/Potash situation, with Jack Welch, former GE CEO and “Straight from the Gut” author.
BB&T is one of the three big regionals that remained profitable during the financial crisis. Kelly King, the bank’s CEO, said its conservatism helped it avoid problems.
It’s very important for the Chinese economy to maintain its stable trajectory. A stable growth path for the Chinese economy is good for global growth, Andrew Sheng from China Banking Regulatory Commission said Friday. The fiscal stimulus has been very positive. Growth has come back but uncertainties remain, he added.
Australian PM Kevin Rudd has quit and his deputy, Julia Gillard has been elected as the country’s first female PM. Colin Whitehead, analyst at Fat Prophets & Colin Chapman, Asia Pacific VP at Strategic Forecasting, assess this news, with CNBC’s Karen Tso, Bernard Lo, Sri Jegarajah & Matthew Taylor.
President Obama shares remarks on the BP spill and more.