The World’s Unemployed
Airtime: Mon. Sept. 13 2010 | 2:00 AM ET
There are over 210 million people unemployed across the globe which is an increase of 30 million since 2007, Juan Somavia, director general of the ILO, told CNBC.
Airtime: Mon. Sept. 13 2010 | 2:00 AM ET
There are over 210 million people unemployed across the globe which is an increase of 30 million since 2007, Juan Somavia, director general of the ILO, told CNBC.
US tech bellwether Intel reported a near quadrupling of profit in the first quarter. It also raised its full-year margins outlook. “We’re delighted with the performance, to see a record Q1 on the back of a tough 2009,” Graham Palmer, UK MD at Intel, said Wednesday. “From a European perspective, we exceeded our expectations.”
Fed Chairman Ben Bernanke testifies before the House Budget Committee.
“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.”
The way America watches football is about to change, with John Chambers, Cisco Systems, Mark Lamping, New Meadowlands Stadium, and CNBC’s Darren Rovell.
CNBC’s Phil LeBeau reports that China’s SAIC has informally approached GM about getting in on its IPO later this year. The company is said to have a 13-year relationship with GM.
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”.