Spending Up, But Income Gains Hit 14-Month Low
Airtime: Mon. Nov. 1 2010 | 8:29 AM ET
US consumer spending rose by less than expected in September as income fell for the first time in 14 months. CNBC’s Rick Santelli delves into the data.
Airtime: Mon. Nov. 1 2010 | 8:29 AM ET
US consumer spending rose by less than expected in September as income fell for the first time in 14 months. CNBC’s Rick Santelli delves into the data.
About 180 class-action law suits have been filed against BP as a result of the Gulf oil spill. Robin Greenwald from Weitz & Luxenberg is filing two suits against the oil major and spoke to CNBC about the cases.
Byron Wien, senior managing director of the Blackstone Group, shares his market outlook.
When a government gets formed in Australia, Peter Costello, former Australian treasurer, says the practicalities of making laws will become exceptionally difficult. He tells CNBC’s Bernard Lo & Matthew Taylor that this will be a time of “weaker government”.
Van Anantha Nageswaran, chief investment officer, Bank Julius Baer, believes the probability of a double-dip is higher in 2011 than 2010. He tells CNBC’s Oriel Morrison & Bernard Lo that there are various headwinds ahead for the global economy.
Discussing the stability of the new Australian government after the Labor Party narrowly secured a one-seat majority, with Nick Sherry, assistant treasurer of Australia and CNBC’s Karen Tso.
Gold is likely to stay above $1,000 this year, with room to rise further, says Mike McChesney, CEO of Vantage Goldfields. He talks to Greg Bundy of AIMS Financial, and CNCB’s Oriel Morrison and Sri Jegarajah, as the junior miner lists on the Australian market today.