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Barack Obama

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  • Automakers Set to Report Weak March Sales Wednesday, 1 Apr 2009 | 11:28 AM ET

    Automakers were set to release their March U.S. vehicles sales on Tuesday amid continued uncertainty about the future of U.S.-based car makers.

  • Tobacco Regulation by FDA Set to Pass House Vote Wednesday, 1 Apr 2009 | 11:28 AM ET
    Cigarettes

    The House is set to pass legislation that would for the first time give the Food and Drug Administration the authority to regulate cigarettes and other tobacco products.

  • Obama's First 100 Days: What He's Done So Far Wednesday, 1 Apr 2009 | 10:49 AM ET

    U.S. President Barack Obama said on Wednesday there was "enormous consensus" between the world's largest developed and emerging economies on plans to haul the world out of the deepest downturn since the 1930s.

  • Economic Recovery 'Has Long Way to Go': Feldstein Wednesday, 1 Apr 2009 | 10:46 AM ET

    The economy is headed for a “very long and damaging economic downturn” that will not see any recovery in 2009, said Harvard University professor Martin feldstein on Wednesday.

  • Busch: April's Cruelest Joke Wednesday, 1 Apr 2009 | 10:35 AM ET
    Andrew Busch

    Did anyone notice how grumpy all the financial CEOs looked after meeting with President Obama last Friday? The meeting must have been quite unpleasant as the Obama administration is informing these private sector giants that they need to change the way they are running their business.

  • Baccardax: G20 Needs to Keep it Real Wednesday, 1 Apr 2009 | 10:12 AM ET

    Why should we pay attention to four-and-a-half hours of debate followed by highly choreographed photo ops and a communiqué that most of us could have cobbled together on the back of a swanky hotel envelope?

  • Stocks Down On GM Concerns & Jobs Wednesday, 1 Apr 2009 | 9:31 AM ET

    Late evening reports that President Obama has concluded bankruptcy for GM is the most likely course of action (apparently leaked by Congressional members) was no surprise to most traders in GM and analysts, who had come to that conclusion on Monday.

  • Fratto: G-20 Distractions Wednesday, 1 Apr 2009 | 9:01 AM ET

    left/CNBC/Sections/News_And_Analysis/_Blogs/Guest_Blog/__COVER/fratto_t_100_2.jpg1100100010lefttruehttp://msnbcmedia.msn.comfalse1Pfalsefalse Two extraneous issues have wormed their way into the G-20 Economic Summit agenda this week. Neither have anything to do with the present financial crisis, but a lot to do with domestic and international politics.

  • Futures Head Lower on Jobs Weakness Wednesday, 1 Apr 2009 | 8:31 AM ET

    US stock index futures pointed to a lower open for Wall Street after economic news showed steepening pressure in the jobs market.

  • Obama's Thinking on GM, Chrysler Is Unchanged Tuesday, 31 Mar 2009 | 9:19 PM ET
    GM Bailout

    The president's position on GM has not changed since Monday, a senior administration official said when asked to comment on a  Bloomberg report which said Obama had determined a prepackaged bankruptcy was the best way for GM to restructure.

  • Stocks End Bad Quarter On Positive Note Tuesday, 31 Mar 2009 | 4:51 PM ET

    Stocks closed out a tough quarter on a positive note, helped by gains in technology and big banks.

  • The 2 Events Traders Are Watching Tuesday, 31 Mar 2009 | 4:43 PM ET

    What's next? With the end of the quarter, two events are on the minds of traders: 1) the Financial Accounting Standards Board (FASB) meets on mark-to-market Thursday. And: 2) earnings guidance. Alcoa kicks off earnings season this Monday. Everyone believes that guidance will be downbeat and generally below expectations.

  • The Fed's efforts to push down mortgage rates have raised expectations about a  housing recovery, but it may take months to have any impact—and the results may not all be positive.

  • Obama's First 100 Days: What He's Done So Far Tuesday, 31 Mar 2009 | 9:51 AM ET

    President Barack Obama ordered General Motors and Chrysler to accelerate their survival efforts and brace for possible bankruptcy, saying neither company had done enough to justify the taxpayer money they were seeking.

  • Futures Gain After Sharp Decline on Auto Doubts Tuesday, 31 Mar 2009 | 9:14 AM ET

    US stock index futures pointed to a higher open Tuesday, following a sharp decline in the previous session as investors digested the Obama administration’s tough stance on General Motors and Chrysler.

  • Japan Stimulates (Again); Ford Announces Incentives Tuesday, 31 Mar 2009 | 9:13 AM ET

    Japan announced that they will unveil another stimulus plan. Isn't this the third one for this downturn? I've lost track. ... Ford announces incentive program; Street believes GM is next. This is similar to the successful Hyundai Assurance Program. Lennar reported a loss. HSBC up 5% in pre-market trading as CEO Michael Geoghegan reiterated that the London-based bank will not need any government money.

  • US Needs 'Resolution Authority' For Big Firms: Frank Tuesday, 31 Mar 2009 | 8:03 AM ET
    Barney Frank

    House Financial Services Chairman Barney Frank (D-Mass.) says the drastic steps the Obama administration is taking in dealing with the nation's struggling automakers further underscores the need for the government to have so-called resolution authority to take over and unwind the businesses of big non-bank companies.

  • Pros Say: Auto Shakeup Won’t Boost Demand Tuesday, 31 Mar 2009 | 4:35 AM ET

    The future of General Motors and Chrysler remained in limbo after US President Barack Obama told the US automakers they had not yet done enough to secure emergency government funding Monday.

  • Obama Is No Hoover Monday, 30 Mar 2009 | 7:33 PM ET

    And Ben Bernanke is no Roy Young. What the heck is Cramer talking about? Read on to find out.

  • Cramer: Monday’s Dow Decline Was a ‘Gift’ Monday, 30 Mar 2009 | 7:24 PM ET

    Sure, the market saw some losses today. But that’s a good thing for investors.