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.
We could be in for a rough second half, Meredith Whitney, CEO of the Meredith Whitney Advisory Group, told CNBC.
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It’s Universal
There is a possibility that Japan’s Ministry of Finance may decide to impose negative interest rates on the yen, says Enzio von Pfeil, CEO at Economic Time Bond Fund. He also discusses the health of the U.S. economy with CNBC’s Bernard Lo and Adam Bakhtiar, warning that the overall picture is not pretty.
A global macro strategy will do very well in the hedge fund space this year, says Howard Eisen, managing director at Fletcher Bennett Capital, as he shares his investment insights with CNBC’s Amanda Drury and Maura Fogarty. Eisen also explains why the tech and healthcare sectors offer buying opportunities.
Reflecting on recent trade numbers out of China, Diana Choyleva, director of Lombard Street Research, says real domestic demand in the mainland stalled in the second quarter. She assesses the slew of China’s economic data with CNBC’s Oriel Morrison and Bernard Lo.
CNBC’s Becky Quick goes one-on-one with Berkshire Hathaway CEO Warren Buffett to discuss the Goldman Sachs fraud charges, financial regulation and more.