Stocks could chop around and rack up more losses in the week ahead, with the next wave of corporate earnings reports.» Read More
Warren Buffett's private jet, with CNBC's Becky Quick aboard, just landed for refueling in Alaska en route to China. Becky emailed this "postcard from the road" a few minutes ago with details on Buffett's daily reading list.
CNBC Squawk Box Co-Anchor Becky Quick is traveling with Warren Buffett on his trip to China and Korea. Late tonight, she sent this first "postcard from the road."
Asian markets rallied in the afternoon session Monday to close higher across the board. South Korea and Australia hit new records on speculation of a U.S. interest rate cut this week, a weak U.S. dollar and upbeat earnings results, which all helped push stocks up.
China will stay the course on monetary tightening and keep a lid on money supply and credit growth, a top central bank official said.
Coal is big, and getting bigger. As oil and natural gas prices soar, the world is relying ever more on the cheap, black-burning mainstay of the Industrial Revolution.
As China's appetite for coal is booming, American investors and businesses are cashing in.
The stock market has the wind at its back going into next week, and investors are counting on the Fed to keep that momentum going.
Warren Buffett is in South Korea for his first-ever visit to that country. He's telling reporters there that valuations on South Korea stocks are generally good. Buffett remains negative, however, on the U.S. dollar and predicts subprime problems will be affecting the U.S. consumer for up to another two years.
This is the transcript of a segment on this morning's Squawk Box, in which Warren Buffett chatted by telephone with the Squawk team and guest host Jack Welch, the former Chairman and CEO of CNBC parent General Electric. Among the topics: Merrill Lynch's big write-down, the SIV "super fund", the health of the U.S. economy, the railroad industry and why lots of furniture-buyers in Boston are hoping the Red Sox win the World Series.
This morning on CNBC's Squawk Box, Warren Buffett chatted by telephone with the Squawk team and guest host Jack Welch. Becky Quick is traveling with Buffett in China, and put him on the phone to react to news this morning that Merrill Lynch had to write-down almost $8 billion in bad bets on mortgage securities and leveraged loans.
Becky Quick is ready for her whirlwind trip to Asia with Warren Buffett. I just ran into her in the hallway and she tells me she's leaving for Omaha in just a few minutes. Earlier this morning, she previewed the voyage on CNBC's Squawk Box, which she co-anchors, and which will be featuring her TV reports from the road. Here's the video clip and a transcript.
On the eve of an Asian trip that will include his first-ever visit to South Korea, Warren Buffett says the stock market there generally looks good, despite big price gains in recent years.
CNBC's Becky Quick will be traveling to Asia with Warren Buffett next week. Exclusive reports on CNBC and here on CNBC.com's Warren Buffett Watch.
CNBC's Becky Quick reported live by phone a few minutes ago from Warren Buffett's private jet, heading to a refueling stop in Anchorage and then on to China. WWarren then came on the line to 'duck' a question from Mark Haines on currencies. Here's the video clip and transcript from Squawk on the Street.
With positive comments from Microsoft and Countrywide today, it's time to step back and take a slightly broader view of the markets. The S&P is up 7% this year (and 3% from its historic high).
Asian markets rallied in the afternoon session Friday, ending the week higher as upbeat profits results from companies such as Sony gave stocks a boost. Japan and Australia both finished over 1 percent higher, while South Korea advanced 2.6 percent.
A big question ahead of Friday trading is whether the "halo" around Microsoft's first quarter and other strong earnings reports will provide enough momentum to overpower the dark fears stalking credit and the financial sector.
Futures trading up as Motorola beat expectations and guided upward while EMC was in line and both are up nicely pre-open. There's strength in Europe, strength in Asia, third Quarter GDP in China rose 11.5%. That was in line with expectations. Chinese stocks are the only major market down in Asia, down 5%, probably on worries that more rate hikes are likely.
Asian markets finished mixed Thursday with financial stocks taking a hit while strong Chinese economic data raised investors' concern over the prospects of further monetary tightening. The Shanghai Composite sank 4.8 percent, but South Korea closed over 2 percent higher.
Most of the major Asian indexes closed in the red Wednesday on reports that Merrill Lynch is expected to announce bigger-than-expected third-quarter losses. Japan, South Korea and Australia all closed lower. All three indexes fell sharply midway through the session after spending most of the morning in positive territory.