Week Ahead: Economic Data
Airtime: Mon. Oct. 4 2010 | 10:00 AM ET
Anticipating a busy week on the jobs & housing front, with Ward McCarthy, Jefferies, and Cameron Findlay, LendingTree.com.
Airtime: Mon. Oct. 4 2010 | 10:00 AM ET
Anticipating a busy week on the jobs & housing front, with Ward McCarthy, Jefferies, and Cameron Findlay, LendingTree.com.
President Barack Obama discusses the jobs bill stuck in the Senate and why he believes it should be pushed through.
Phillip Deans, professor of international relations at Temple University of Japan, says U.S.-Japan ties are strong and are unlikely to change under prime minister Naoto Kan. He also discusses Japan’s new cabinet line-up, with CNBC’s Oriel Morrison.
Looking at the market, since Monday’s follow-through day, the market and a batch of leading stocks, steadily rallied which is a healthy sign. The fact that we have not seen any serious distribution days show up since Monday’s FTD bodes well for this nascent rally. It is also a welcome sign to see the market continue to improve as investors digest the latest round of stronger than expected economic and earnings data. Remember that now that a new rally has been confirmed, the window is open to start buying high quality breakouts. Trade accordingly.
Adam Leitman Bailey, a real estate attorney, and Ilan Bracha, of Prudential Douglas Elliman, discuss whether it makes more sense to rent or buy in this market.
As workers struggle to find jobs and the federal government becomes more aggressive on regulation, the US economic recovery will defy trends and make choices more difficult for investors, Pimco’s Bill Gross told CNBC
The euro will remain weak “for a while” because the European Union will have to bail out Greece, Bob McKee from Independent Strategy told CNBC Monday. Michael Browne from Sofaer Global Research and Alan Miller from Spencer-Churchill Miller Private joined the discussion.