Secretary of State John Kerry is in Geneva talking a potential deal with Iran over its nuclear program for some oil sanctions. Helima Croft, Barclays, weighs in on where crude will go next, and oil production in Iraq.» Read More
As news and rumors of Iranian belligerence boil, trader Ira Eckstein isn't surprised that oil prices swung broadly Thursday. He and Kenneth Timmerman, Middle East Data Project president, told "Power Lunch" viewers what to expect from petroleum -- and from Iran's leaders.
Texas energy investor Boone Pickens told CNBC that the recent spike in oil prices is due more to "fundamentals" than geopolitical tensions with Iran and that "you're going to look at $70 oil pretty quick." The billionaire said the current market is "very tight" because inventories have declined for seven straight weeks.
Stocks are under pressure ahead of the opening as the influence of jittery oil markets adds to the week's mounting worries about the state of U.S. housing and its potential impact on the economy. Stock futures look sharply lower, and the dollar dipped after reports of weaker than expected durable goods orders.
The U.S. House of Representatives on Friday voted to impose a Sept. 1, 2008, deadline for withdrawing all American combat troops from Iraq, prompting a quick veto promise from President George W. Bush.
Dubai is again the flashpoint of a patriotism-versus-globalism debate. This time, it's not about a foreign firm encroaching on U.S. shores, but an American company shifting its headquarters to the emirate. And when the firm is oilfield-services provider Halliburton, everyone has an opinion.
Ted Turner calls solar energy the "biggest business opportunity the world has ever seen." And for once, he may be understating it. CNBC's Jane Wells reported on the maverick mogul's plans, on "Morning Call."
CNBC's Sue Herera says that "Hollywood has a megaphone like no other." But Wall Street is, well, Wall Street: the embodiment of big bucks. Which will prove a bigger force in picking the next American president in 2008? John Harwood and Financial Times' Ben White weigh in.
The British are coming, the British are coming -- for American Airlines. Well, maybe not. Despite a Reuters report knocking down BusinessWeek's story of a possible takeover bid for American Airlines parent AMR, speculation abounds. And It would be a good thing, according to Mike Miller -- but he says it probably won't happen.
Pollsters often try to make their jobs simpler, by predicting elections via demographic groups. So who does that abstract cross-section called "Wall Street" want in the White House in 2008? The answers may not be so cut-and-dried, says John Harwood, CNBC's chief Washington correspondent.
President George W. Bush is doing a lousy job steering the U.S. economy -- or, Bush is doing an excellent job -- depending whether you ask economist Christian Weller or GOP strategist Jack Burkman, both of whom joined "Power Lunch" to dissect the president's economic record.
Today, a frigid cold snap has neighbors from Maine to Maryland shivering under a big chill and the price of crude oil is moving higher. With Jack Frost finally nipping at the Northeast, it makes sense to think its the cold weather pushing up the price, but that's only part of the story. There's more going on than meets the eye, and for the inside scoop CNBC...
Last night was the first time in his presidency that George W. Bush gave his State of the Union Speech to a Democratically controlled Congress. He laid out his domestic agenda with a renewed calls for action on energy independence, immigration reform and health care coverage. The last part of his speech dealt with the war in Iraq. So--how did it play with the Democrats and with members of his own party? Steny Hoyer (D-MD)...
Do you feel lucky? That's the question posed by Jeffrey Pasquarella's brainchild: BetOnIraq.com -- a Web site he founded to give brave investors the chance to buy Iraq's young currency. Pasquarella told CNBC's Erin Burnett that 4,000 customers have used the site's foreign exchange service over the past three years, with the "average customer".......
President Bush will give the State of The Union speech next Tuesday night to both Houses of Congress--and the American people--and he does at at time when he has one of the lowest approval ratings of his presidency. So--what can he say at such a time? CNBC's John Harwood appeared on "Squawk Box" to give his preview of the speech--and he was joined in commentary with former GE CEO Jack Welch...
Stocks in the U.S. look set for a weaker opening, influenced by touchy tech stocks, earnings, and the big decline in oil. Dow components GE and Citigroup both reported earnings early today. GE's 12 percent increase was in line with expectations and Citigroup's lower profits were a bit better than Wall Street expected. Citigroup also raised its dividend by 10 percent.
As President Bush prepares to send over 20,000 more U.S. troops to Iraq, one question being asked is--will the escalation jumpstart the country’s oil industry? The question centers on Iraq’s vital oil trade stabilizing in the midst of a bloody war. On “Street Signs,” two guests talked about the Iraq oil situation--Michael Makovsky of the Bipartisan Policy Center and David Kirsch of PFC Energy.
Liz Claman got reaction to President George W. Bush’s press conference this morning. CNBC Washington correspondent John Harwood, CNBC economy reporter Steve Liesman and Corvis Communications Budget Analyst Stan Collender all gave their take on what the president’s intentions mean for the U.S. going forward--abroad and at home.
At an end-of-the-year news conference, President Bush outlined his outlook for Iraq. The president said he has asked Defense Secretary Robert Gates to report back to him as quickly as possible on plans to enlarge the size of the Army and the Marines.
The outspoken Beltway observer gives CNBC’s John Harwood her take on the politics of 2007.
President George W. Bush and British Prime Minister Tony Blair held a press conference in Washington, D.C., today after discussing the recommendations of the Iraq Study Group. CNBC's John Harwood was there. Here are a few major points from the presser.