Personal Income & Spending
Airtime: Mon. Aug. 30 2010 | 8:33 AM ET
What the latest personal income and spending data mean for the economy and markets, with CNBC’s Rick Santelli.
Airtime: Mon. Aug. 30 2010 | 8:33 AM ET
What the latest personal income and spending data mean for the economy and markets, with CNBC’s Rick Santelli.
Discussing what’s next for financial reform, with Robert Litan, Brookings sr. fellow.
The buzz on Wall Street with Matthew Cheslock, of the Cohen Capital Group, and Art Cashin, of UBS.
Hedge fund manager Jamie Dinan, of York Capital Management, discusses the economic recovery and more with CNBC.
The new banking rules will bring some stability to the financial system, believes Kirby Daley, senior strategist, Newedge Group. He shares his thoughts with Karsten Schroeder, CEO, Amplitude Capital, CNBC’s Martin Soong and Sri Jegarajah.
CNBC’s Steve Liesman has highlights from the G-20 meeting and more.
“As far as I’m concerned the technicals are in tact, says Guy Adami. We said the S&P would over-correct to the upside and trade up to 1130 and then turn lower — and it did. Now we’re likely in the next leg lower. We have to see what happens as the S&P trades down to the lower end of the range – around 1040 – will it hold next time we test it?
The patterns in the S&P suggest that support will not hold this time, adds Oppenheimer’s Carter Worth. My persumption is we break lower. I think we go to 980. I don’t think a great crash is coming but we are clearly entering a period when the downside should be the focus of investors.”