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Politics Barack Obama


  • Dow Retreats After Quick Jobs-Relief Pop Friday, 9 Jan 2009 | 11:38 AM ET

    The Dow opened higher Friday amid a giant sigh of relief in the market that only half a million jobs were lost in December. Market buzz had indicated the number could be as high as a million.

  • For BlackBerry, Obama’s Devotion Is Priceless Friday, 9 Jan 2009 | 10:19 AM ET
    President-Elect Barack Obama using his Blackberry

    President-elect Barack Obama has repeatedly said how much his BlackBerry means to him. If he wasn't a public servent, it could also mean a lot of money for him, reports the New York Times.

  • Pros Say: "No Solace" in Jobs Report Friday, 9 Jan 2009 | 9:32 AM ET

    U.S. employers slashed payrolls by 524,000 in December, driving the unemployment rate to its highest level in almost 16 years,  suggesting that the year-long recession was deepening.

  • Futures Turn Higher After Jobs Report Friday, 9 Jan 2009 | 8:54 AM ET

    The Dow turned higher after the December jobs report came in as expected, that is to say that more than half a million jobs were lost in December. Market buzz had indicated the number could be as high as a million.

  • How Big-Government Is Obama? Friday, 9 Jan 2009 | 8:48 AM ET

    Obama has offered an $800 billion package, with plenty of infrastructure spending that alleges to create three million jobs. Nobody really believes infrastructure spending will end the recession or create permanent new jobs. However, it’s interesting just how much the Obama plan has changed since the election.

  • Buy CAT – But Not Yet Thursday, 8 Jan 2009 | 7:07 PM ET

    This stock can't be owned right now for a few key reasons, Cramer says.

  • It Doesn't Pay To Be Single Thursday, 8 Jan 2009 | 4:55 PM ET
    Barack Obama

    What is it with families? I was pretty thrilled with Obama's speech today about the need for swift, bloated stimulus, with one glaring exception. He said, "to get people spending again, 95 percent of working families will receive a $1,000 tax cut." Nothing wrong with that policy-wise, it's the verbiage that bothers me.

  • Traders Ask, "What Urgency?" Thursday, 8 Jan 2009 | 4:14 PM ET

    Despite tremendous fear that the nonfarm payroll report would be a complete disaster tomorrow, traders acted like there was little urgency. Volume was light, volatility was low and with the exception of one sector (retail) all S&P sectors were up or down less than one percent.

  • Obama On A College Playoff: Picking His Battles Thursday, 8 Jan 2009 | 3:25 PM ET

    President-elect Barack Obama got plenty of buzz when he talked about his want for a college playoff. Obama was asked last night by CNBC what he thought about Utah's claim for a national championship, given that they are the only undefeated team.

  • Democrats Oppose Tax Cuts Thursday, 8 Jan 2009 | 1:03 PM ET
    Barack Obama

    President-elect Barack Obama's proposed tax cuts are running into opposition from senators in his own party who say they won't do much to stimulate the economy or create jobs.

  • graphic_fast_money.jpg

    President-elect Barack Obama warned of dire consequences if Congress doesn't pass his economic stimulus plan...

  • Text of Obama Speech on the Economy Thursday, 8 Jan 2009 | 11:27 AM ET
    President-elect Barack Obama

    Here is the prepared text for a speech given by President-elect Barack Obama on Thursday at George Mason University in Fairfax, Va., as released by his transition office.

  • President-Elect Obama's Dire Warnings Thursday, 8 Jan 2009 | 11:01 AM ET

    President-elect Obama's speech on the economy this morning is designed to hammer one point home: if the government does not act aggressively, the recession could linger for years.

  • Stimulus Must Focus On Financial Institutions: Mishkin Thursday, 8 Jan 2009 | 10:23 AM ET

    A government stimulus must ensure that financial institutions are recapitalized and remain “healthy,” said Frederic Mishkin, former Federal Reserve Board governor and Columbia University economics professor.

  • Expect Dow 11,000 on 'Obama Bounce': Investor Thursday, 8 Jan 2009 | 8:52 AM ET

    The Dow Jones Industrial Average could rally to 11,000 in the short term as optimism over incoming President Barack Obama boosts investors’ confidence, Clem Chambers, CEO of ADVFN, told CNBC.

  • Obama: Financial Markets Face 'Substantial Overhaul' Wednesday, 7 Jan 2009 | 7:45 PM ET

    President-elect Obama told CNBC he plans "a substantial overhaul" of financial markets in the coming months, including a major revamping of regulatory agencies.

  • Cramer's Top Five Dow Stocks: Johnson & Johnson Wednesday, 7 Jan 2009 | 7:25 PM ET

    That this stock does well during recessions is just one of many reasons it's a Mad Money favorite.

  • Bottoming Signs Tuesday, 6 Jan 2009 | 4:39 PM ET

    Here and there are some small signs that the economy is at least bottoming — a crucial stepping stone to meaningful recovery. For example, the ISM non-manufacturing services report released today for December came in at 40.6 on the composite index, compared to 37.3 in November.

  • Three Housing Stock Picks — And 5 Pans Tuesday, 6 Jan 2009 | 11:47 AM ET

    The promise of an Obama stimulus package has raised hopes that the battered housing sector will soon stabilize. That's encouraged investors to buy home builder stocks — but Ivy Zelman of Zelman and Associates warns investors to be very selective.

  • Busch: Delayed Stimulus, But Where's It Going? Tuesday, 6 Jan 2009 | 9:37 AM ET
    Andrew Busch

    As Congress comes back from vacation and starts a new session with new members, the first task is the stimulus plan. While President-elect Obama had hoped for a bill to sign by his inauguration, the political wheels are unable to spin fast enough to produce a document until mid-February.