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Barack Obama

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  • Plus, Cramer extends an invitation to Pepsi’s Indra Nooyi, talks technicals and makes a call on Dow Chemical.

  • Obama’s 30-Day Report Card Friday, 20 Feb 2009 | 8:07 PM ET

    The performance of certain companies will tell us how well the new president’s doing.

  • Washington Dithers, Dow Drops Friday, 20 Feb 2009 | 7:56 PM ET

    Hey Geithner, how ‘bout some leadership? Without it, the market’s slide will continue.

  • Is inflation Dead? While Ben Bernanke and most of the economics profession believes that it is, this is largely because of the Phillip’s curve — which argues a trade-off between unemployment and inflation, or recession and recovery.

  • Bank Rumors Dominate The Day Friday, 20 Feb 2009 | 4:13 PM ET

    We hit our lows as Senator Chris Dodd said nationalization of some banks may be necessary on a short term basis, then rallied midday as the White House downplayed bank nationalization rumors.

  • The World Responds to "Santelli's Tea Party" Rant Friday, 20 Feb 2009 | 3:51 PM ET

    Will the Obama Administration's plan to save the U.S. economy actually help the markets? CNBC's Rick Santelli on Thursday sparked a revolution of sorts on the floor of the Chicago Board of Trade. His televised rebuke has been heard around the world. From The Chicago Tribune to TV Newser, read what others are saying about his rant...

  • Lowe's Profits Fall Along With Housing Market Friday, 20 Feb 2009 | 3:44 PM ET
    Lowe's

    The dismal housing market dragged down fourth-quarter profits at Lowe's by 60 percent, and executives at the home improvement chain said they see little hope of a substantive fix from a federal effort aimed at helping struggling homeowners.

  • Housing Plan Will Help Real Victims: Biden Aide Friday, 20 Feb 2009 | 3:34 PM ET

    We are trying to help people who have been "victims of the unforeseen circumstance," Jared Bernstein, Chief Economist to Vice President Joe Biden told CNBC.

  • Foreclosure

    An awful lot of you disagreed with my post yesterday that real estate investors should be included in the bailout and should not be reviled. I want to follow up with a little clarification of my point.

  • The New Sign Of The Times Friday, 20 Feb 2009 | 3:05 PM ET

    Stocks ticked up as White House Press Secretary Robert Gibbs has thrown some cold water on the bank nationalization rumors by saying that the U.S. “will continue to have” a private banking system.

  • Europe Loves Santelli ... at Least 50% Friday, 20 Feb 2009 | 12:36 PM ET

    CNBC's Rick Santelli's impromptu and impassioned revolt against the Obama administration's housing bailout quickly spread to Europe, dividing popular opinion clean down the middle and igniting red-hot political debate.

  • Ken Langone On Bailout, Madoff And Santelli 'Populism' Friday, 20 Feb 2009 | 12:18 PM ET

    Langone  says he has faith the Obama team will turn things around, he's not crazy about the way the administration has gone about things so far.

  • Obama's Auto Task Force Has The Street In Overdrive Friday, 20 Feb 2009 | 11:16 AM ET

    The Presidential Automotive Task Force is meeting today, and there is no shortage of advice for them from the Street.

  • Busch: Disconcerting Deflation Developments Friday, 20 Feb 2009 | 10:35 AM ET
    Andrew Busch

    Words My Mom Taught Me To Fear: "We're From the Government and We're Here To Help," says Andrew Busch.

  • Obama's Auto Team Starts Re-Structuring Industry Friday, 20 Feb 2009 | 9:42 AM ET
    Chrysler

    When President Obama’s Auto Team meets for the first time Friday morning, it will be off camera, behind closed doors, away from reporters. Maybe that's good. After all, fixing this industry could be messy, very messy.

  • Banks Look Weak As Gold Strengthens Friday, 20 Feb 2009 | 9:35 AM ET

    European banks are notably weak, and several large U.S. banks like Citi and Bank of America are down 10 percent pre-open. Gold stocks are again trading up 2 to 5 percent.

  • The Obama Plan: Subsidize Bad Behavior? Friday, 20 Feb 2009 | 9:26 AM ET

    President Obama’s massive mortgage-bailout plan is nothing more than a thinly disguised entitlement program that redistributes income from the responsible 92 percent of home-owning mortgage holders who pay their bills on time to the irresponsible defaulters who bought more than they could ever afford. This is Obama’s spread-the-wealth program in action.

  • The Obama Plan: What Is Fair? Friday, 20 Feb 2009 | 9:22 AM ET

    Fairness will be the death of us. In all the discussions of Obama's new housing plan, the notion of fairness, or rather, the plan's fundamental unfairness, comes up again and again.

  • Pros Say: We're Not Done Falling Friday, 20 Feb 2009 | 8:12 AM ET

    Global stocks ended the week in the red, near 6-year lows, as pessimism over the economy and banking sector set in, scaring investors away from stocks and back into bonds and gold.

  • Banks Feel The "Stress Test" Thursday, 19 Feb 2009 | 3:23 PM ET

    Banks are again weak on concerns about the government's "stress test." The first worry is we don't know what this "stress test" consists of. Some are estimating that it may require 6 percent Tier One capital, and 3 percent tangible capital. Many banks may not pass that test.