Donald Trump is once again shifting the parameters of his temporary ban on Muslims entering the country, calling Sunday for "extreme vetting." » Read More
The U.S. economy is poised for moderate growth and lower inflation, but there is no guarantee core inflation will continue to ease, Federal Reserve Vice Chairman Donald Kohn said.
As we've noted before--the U.S. housing market had its up and down in 2006. But when it comes to REITs (real estate investment trusts)--they did incredibly well--up on average of 35% for 2006. As we've been asking the question in other economic areas today--we ask if that kind of return will continue for REITs in 2007? Most say yes. John Wenker is portfolio manager for First American Real Estate and Michael Grupe is Executive VP of Research at NAREIT.
Funeral services for former President Gerald Ford are underway. His coffin is at the U.S. Capitol--shortly to be moved to Washington DC's National Cathedral. From there--it will be flown to Grand Rapids, Michigan for burial. CNBC's Hampton Pearson is reporting live through the day. He said that some 30,000 people have passed by the casket in the last two days.
We told you earlier about the U.S. economic reports out today. And it seems inflation is back or at least it looks that way according to the latest wholesale numbers. November's overall PPI rose to a 32 year high. But looking back at last week--the data suggested consumer inflation was tame. So--can the government's data really be trusted? Is inflation a risk or not? CNBC’s Liz Claman asked two of the nation’s most celebrated economists.
In an exclusive interview on cnbc.com’s home page, the "optimistic" forecaster talks to CNBC’s Joe Kernen about tax hikes – and other acts he says cause recessions.
Takeover activity, weaker oil and a firmer U.S. dollar are building the foundation for a higher stock market open today as investors focus on the Fed's meeting tomorrow. European shares are rising amid a flurry of deal talk, and Tokyo stocks ended higher as the yen weakened against the dollar overnight.
Good morning. A bit of inspiration from our quote of the day. It's from artist Vincent Van Gogh: "I dream my painting and then I paint my dream." Dream on all. A lot to digest this week starting with the Fed meeting on Tuesday. We'll get a look on what might happen in regards to interest rates.
We have a busy day ahead on Monday. Scheduled topics and guests include: Spam (the email kind) and just why it's once again flooding email addresses in huge numbers. Richard Prati--CEO and Chairman of American Technology Research--will be on "Squawk Box" to give the reasons why spammers are at it again in increasing numbers.
The House of Representatives has approved legislation that extends popular tax breaks, opens the Gulf of Mexico to new oil and gas drilling and cancels a scheduled pay cut for doctors who treat the elderly under Medicare.
Here's our last look at the markets today--U.S. stocks rallied modestly after a better-than-expected U.S. jobs report sparked the first weekly gain in equities in the last month. Also--market moving comments heard on CNBC today from Treasury Secretary Hank Paulson sent the U.S. dollar higher. Mary Thompson has all the winners and loser - she's CNBC's "Eye On The Floor."
Good morning. We'll start with our quote of the day from journalist Barry C. Forbes: "Don't forget until too late that the business of life is not business but living." Something to remember for those working 10 hour days. Now--here's what's ahead for the day on cnbc.com and CNBC-TV.
The markets are more than likely gearing up for the most anticipated piece of economic data this week--that's the U.S. jobs report for November. It comes out Friday. CNBC's Steve Liesman gave a preview on "Power Lunch." Steve said the Dow Jones Survey of Economists sees job growth of 110,000 for November.
The Iraq Study Group is out with its findings. The questions remain: Will President Bush listen and what impact will this have on the U.S. economy. CNBC's John Harwood appeared on "Morning Call." Harwood said the report basically came down to a couple of major conclusions: more diplomacy is needed and a reduced role for U.S. troops by 2008.
The yield curve has not been this inverted (where short term interest rates are higher than long term) since December of 2000--and the last time around--that level of inversion foreshadowed a steep decline in the equity market.