The Return of Volume
Airtime: Wed. Oct. 6 2010 | 1:07 PM ET
Robert Weissenstein, CIO at Credit Suisse Private Banking Americas, tells CNBC volume has made the rally more viable.
Airtime: Wed. Oct. 6 2010 | 1:07 PM ET
Robert Weissenstein, CIO at Credit Suisse Private Banking Americas, tells CNBC volume has made the rally more viable.
Roach: US Jobless Rate Actually Stands at 11.5%.Official data showed U.S. jobless rate in February remain unchanged at 9.7% but Stephen Roach, Asia chairman at Morgan Stanley, believes the real number actually stands at 11.5%. He explains why this discrepancy, with CNBC’s Martin Soong, Karen Tso & Sri Jegarajah.
“The real economy has improved,” Yuwa Hendrick-Wong from MasterCard Worldwide said Wednesday. “At the moment, equities everywhere, especially in Europe, to a lesser extent in the US, are way ahead from what we can see in the real economy.” He sees stocks going into a “period of volatility.”
President Obama discusses the amount of jobs loss and his plans for improving employment and the economy by increasing foreign trade.
“The real issue is actually Greece and the fact that they have mishandled their finances over a number of years,” David Scammell from Schroders Asset Management told CNBC Friday when discussing the potential for an EU-led bailout.
Insight on the economy, the bond market and more, with Alan Greenspan, former Federal Reserve chairman.
The level of compliance to oil quotas among OPEC members has been sinking in recent months. OPEC compliance is now a cause for concern, HE Abdalla Salem El Badri, secretary general of OPEC, told CNBC Wednesday. El Badri added that OPEC is seeing strong demand growth from China and India.