Wilbur Ross on the Markets 2.2.10
Wilbur Ross, chairman and CEO of WL Ross & Co., discusses the markets and more with the CNBC news team.
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The World’s Unemployed
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.
Black Swan: Bank Balance Sheets Still Bad
“The balance sheets of banks are just as bad as they were” two years ago when the crisis began and “the quality of the risks hasn’t improved,” Nassim Taleb, professor and author of the bestselling book “The Black Swan,” told CNBC on Thursday.
Bank of Australia Raises Rates to 4.25%
The RBA lifted rates by 25 bps to 4.25% — its fifth rate hike since October 2009. Adam Gilmour, co-head FX & derivatives sales at Citi Asia Pacific, offers his instant analysis, with Graeme Maxton, chief economist at The Insight Bureau and CNBC’s Oriel Morrison.
Obama Speaks to AFL-CIO
President Barack Obama speaks to the AFL-CIO Executive Council about his administration’s efforts to create jobs and spur the economy.
The Gender-Pay Gap
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.
Climbing the Wall of Worry
Stocks are “climbing a wall of worry and that tends to be the best kind of bull market,” Mike Lenhoff from Brewin Dolphin told CNBC Tuesday. Marc Ostwald from Monument Securities joined the discussion.
