Council of Economic Advisers Chairman Jason Furman says the employment number was good, but more work remains to be done. He also explains why the administration thinks it's important to extend unemployment benefits.» Read More
One day does not a full-fledged sector rotation make, but yesterday the big pharma stocks put on a show and in the early going today the curtain hasn't fallen. Pfizer even broke above 18 bucks!
As presumptive Democratic nominee Obama launches his first negative ad of the general campaign, we wanted to check in on the sentiment in the Intrade Political Futures markets towards the presumptive nominees. What do the Intrade prediction markets show? (www.intrade.com)
Sen. John McCain gave two economics speeches in the last 48 hours. They were very strong, pro-growth, and pro-energy production. McCain also is finally slamming Obama on taxes and energy.
What follows below is an unofficial transcript of my interview on Kudlow & Company last night with Carly Fiorina. Ms. Fiorina is the former chairman & CEO of Hewlett-Packard and a senior economic advisor to John McCain.
I’m thinking the Steelers are going to stay in the Rooney family, but there are a couple good reasons why I think it’s a good time to sell and I’ll some it up in one sentence: EVERYTHING IS BIGGER IN TAXES.
As Senator John McCain kicked off a week of economic-themed campaigning here on Monday, it was apparent that some of the underlying tensions between the two schools that guide his economic thinking — the supply-siders who want to cut taxes and the deficit hawks who want to balance the budget — remain unresolved.
Democratic candidates already have plenty going for them this year. Anxiety about the Iraq war is down, but anxiety about the economy is way up. President Bush’s job approval rating is roughly 10 percentage points lower than two years ago before Democrats won the mid term elections.
The growth of social networking sites on the Internet has been a boon to the presidential ambitions of Senator Barack Obama. No surprise, then, that a Facebook founder is playing a key role in Mr. Obama's campaign, the New York Times reports.
What follows below is an unofficial transcript of my interview on Kudlow & Company last night with Jason Furman. Mr. Furman is Barack Obama’s director of economic policy.
There's only one truly reliable source for Barack Obama's thinking for vice president. That's Barack Obama, and he's not talking about it anywhere near me. But I attended a gathering of prominent Democrats and journalists that gives some insight into how political Washington expects him to think.
President Bush was on message Wednesday in a Rose Garden news conference when he kept up the pressure on his a drill, drill, drill offensive. He said he knows Americans are worried about gasoline prices, and said he wants them “to understand fully that we have got the opportunity to find more crude oil here at home in environmentally friendly ways.”
The votes come from the images, and to a lesser extent the knowledge, candidates get from consultations with foreign leaders and speeches on the international stage. They represent the reward voters confer for stature and experience that reassures them their would-be president can handle international crises and keep them safe.
Part of coming together involves money, specifically Clinton helping Obama raise money for the general election and Obama helping Clinton retire her primary debt. Both will cooperate, even if grudgingly.
What follows below is an unofficial transcript of my interview with Sarah Palin on Kudlow & Company last night. Mrs. Palin is is the youngest governor in Alaskan history as well as the first woman to hold the office in the state.
This is a transcript of Warren Buffett's live interview with Becky Quick on CNBC's Power Lunch, Wednesday, June 25, 2008 at 12p ET. Buffett tells Becky U.S. inflation is "exploding" and warns that the Federal Reserve must signal controlling prices is not a secondary concern.
Warren Buffett says inflation in the U.S. is "exploding" and he urged the Federal Reserve not to signal in any way that controlling prices is a secondary goal to encouraging economic growth. "Inflation is really picking up. Whether it's steel or oil, we see it everyplace," Buffett said of rising prices. Buffett made his comments in a live interview with Becky Quick on CNBC's Power Lunch.
Warren Buffett heads to Chicago next week as the prime attraction at a pair of fund-raising events on behalf of Barack Obama's White House bid.
The Republican presidential nominee-in-waiting is proposing a $300 million government prize to whomever can develop an automobile battery that far surpasses existing technology.
The US move to biofuels has been a remarkably successful experiment in renewable energy promotion despite its inadvertent, and probably exaggerated, effect on higher agricultural prices. But the industry's future lies in next generation, non food-derived biofuels.
The stock market plunged 170 points this morning and oil jumped over $3, allegedly based on a New York Times story that Israel is carrying out military exercises as a rehearsal to bombing Iran. But actually, the Times story, written by the very able war correspondent Michael R. Gordon, is talking about Israeli training exercises from early June, not now.