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Politics Barack Obama

  • Cramer discusses the political fate of this abundant commodity.

  • The Rubin/Prince mea culpa on Citigroup that is playing out on our air elicited very little trader commentary, until Mr. Prince said that he watched the stock go from $50 to $30 to 99 CENTS without selling any. That caused a few comments!

  • Most European indices are down 1 percent or more this morning, as concerns about Greece continues. The spread on the 10-year Greek to comparable German bonds widened to 440 basis points. The dollar is up again. Also: March retail sales were even better than analyst expectations, despite the fact that analysts were aggressively raising numbers going into the end of the month.

  • Surprise! Stocks staged a modest rally — before slipping back on Fed rate-hike comments — on the results of the 10-year Treasury auction, which yielded 3.90 percent, above expectations of a yield of 3.94 to 3.95 percent. Indirect Bidders (generally viewed to be central banks) was 43.1 percent, well above the average of 40.6 percent...

  • The Greek sovereign debt crisis is expanding and tightening its stronghold in record numbers.

  • Yikes! The Mortgage Bankers Association reported that 30-year fixed rate mortgages jumped a quarter point to 5.31 percent (!!) last week, the highest level level since August. Little wonder the volume of mortgage applications fell 11 percent. Also: retailer optimism and a caution on bank earnings. (UPDATED)

  • NYSE traders

    The central bank basically sees no inflation at all on the horizon. They’re showing no imminent sign of ending their ultra-easy money for an extended period any time soon. But my message to them and to investors is this: Are you sure about this low-growth recovery?

  • Yikes! The Mortgage Bankers Association reported that 30-year fixed rate mortgages jumped a quarter point to 5.31 percent (!!) last week, the highest level level since August. Little wonder the volume of mortgage applications fell 11 percent. Also: retailer optimism and a caution on bank earnings.

  • Is commercial real estate back? REITs and big banks lead the upside today. Strong volume in real estate ETFS today, like the ProShares Ultra Real Estate, as well as the ProShares UltraShort Real Estate ETF. Why are REITs rallying? Several reasons...

  • greece_flag_200.jpg

    Growing soverign debt speculation has renewed anxiousness about Greece's financial footing as borrowing costs sharply increase.

  • FOMC minutes today: Is this the time to push more aggressively to eliminate the "exceptional and extended" language? Aside from a lone dissenter, there has not been any indication that the Fed will end its key statement that interest rates "are likely to warrant exceptionally low levels of the federal funds rate for an extended period."

  • April has started off well, already up 1.1 percent for the Dow. Remember, April is the still the best month for the Dow Industrials, up an average 2 percent since 1950, though there is often a dip right after the tax deadline ends. And: Banking and housing stocks have seen dramatic moves this year, and are the subject of two interesting analyst calls this morning.

  • With the March jobs report now behind them, traders are beginning to turn their attention to the upcoming earnings season, which officially kicks off next Monday with Alcoa’s report after the close. Traders are hoping the Deutsche Bank downgrade of Alcoa this morning isn’t an indication of broader earnings season headwinds.

  • Here’s another solution that involves neither erecting trade barriers nor asking the Chinese to revalue their currency: cut US corporate taxes.

  • Stocks look to continue the melt-up to new highs today. Futures were up slightly as commodities and commodity stocks rally. A number of commodities are hitting new highs this morning: crude oil, gasoline, heating oil, copper and platinum.

  • It’s all about the delta in the economy. That is, those little bits of change that add up and have the potential to make a meaningful impact – for better or for worse.

  • off shore oil rig

    President Obama needs a real strategy that recognizes we will soon run out of oil and atmosphere and set goals to sustain our economy and environment in equal measures, instead of drilling for oil along the East Coast.

  • Timothy Geithner

    Seeking to lower the temperature in U.S.-China relations, Secretary Tim Geithner announced over the weekend that he would delay sending to Congress Treasury's biannual mandated currency manipulation report.

  • Speaking in London, Larry Summers, senior economic advisor to the President, said the US economy, due to the Administration's policies, is "moving toward escape velocity. You hear a lot less talk of "W" shaped recoveries and double-dips than you did six months ago."

  • US Capitol Building with cash

    End the public lifeline for large financial institutions, Republicans are demanding as they push back against Democratic efforts to set new rules for the financial industry.