The Buffett Express, Pt. 1
Airtime: Mon. May 3 2010 | 8:00 AM ET
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.
Airtime: Mon. May 3 2010 | 8:00 AM ET
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.
Discussing the closing gap between what women earn and what men earn, and whether the senate should pass the Paycheck Fairness Act, with Amy Siskind, The New Agenda president and co-founder, and Sonja Eddings Brown, Los Angeles education reformer.
Rating agencies don’t seem to have many friends these days, with Jerome Fons, former Moody’s managing director.
Where the economy is headed next, with Stephen Roach, Yale University professor and Morgan Stanley non-executive chairman.
While Kirby Daley, senior strategist at Newedge Group, believes China will not over tighten, Karsten Schroeder, CEO, Amplitude Capital is concerned about the longterm implications of China relying solely on exports to sustain growth. They share their thoughts on the Chinese economy, with CNBC’s Martin Soong & Sri Jegarajah.
Friday marked Day 4 of a new rally attempt for the benchmark S&P 500 Index and Day 2 for the other major averages. That said, as long Tuesday’s lows are not breached in the S&P 500, the window is now opened for a proper follow-through day (FTD) to occur. However, if at anytime Tuesday’s S&P 500 Index lows are breached, then the day count will be reset. What does all of this mean for investors? Simple, the market remains in a correction which reiterates the importance of adopting a strong defense stance until a new rally is confirmed. Trade accordingly.
Art Cashin, head of floor operations at UBS, has the buzz from the NYSE.