Credit Downgrades
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Peter Attard Montalto, emerging market economist at Nomura International, talks about the South African mining sector, the potential rise of further union unrest and the impact it would have on the country's economy.
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The "Squawk on the Street" news team reports bank stocks are higher, despite Moody's much-anticipated downgrade; a big earnings miss for Darden Restaurants sent shares lower; and Microsoft may be looking to make its own smartphone.
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"The real issues with the banks is the ten-year yield curve at 1.633 percent, how do they make money with that yield curve so flat?" asks Paul Miller, FBR Capital Markets managing director, explaining the ratings cuts for Morgan Stanley, JPMorgan, Goldman Sachs, Citigroup, and Bank of America.
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The mass downgrades of major global banks by ratings agency Moody’s Thursday night don’t appear to have caused the downwards market movements one might have expected.
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The "Squawk on the Street" news team reports on the market-moving stories of the day, including Spanish bond yields hitting 7%, after two downgrades; Nokia's plans to cut as many as 10,000 jobs, after cutting its earnings outlook; and a look at Ron Johnson's performance, a year after he was named JC Penney's CEO.
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Jamie Dimon faces the Senate Banking Committee; Dick Clark Productions up for sale; Greek bank withdrawals increase ahead of the election; Spain credit rating is slashed; Tim Geithner discusses jobs growth.
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The "Squawk on the Street" news team reports the market-moving stories of the day, including today's Senate Banking Committee hearing with Jamie Dimon; the upside potential in current markets; and Goldman Sachs' downgrade of McDonald's.
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Tim Seymour, Triogem Asset Management explains how investors can play India's weakening credit status.
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Rahul Bajoria, Regional Economist at Barclays says India will need more time to implement reforms given that it has only been two months since S&P's last assessment.
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CNBC's Kelly Evans reports on all the market moving events from Europe, including an update from the ECB on interest rates, and Moody's credit downgrade of six German banks and three Austrian banks, despite relative strength in both economies.
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Scott Sutherland, Wedbush Securities and James Moorman, S&P Capital IQ, discuss why they have lowered their 12-month price target on Research in Motion and whether they see a turnaround for the company in the months ahead.
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Greece and Spain's growing debt problems could become the next big blow to the European markets, as rating agency Egan-Jones downgrades Spain's debt rating into junk territory. Gemma Godfrey, Brooks Macdonald Asset Management, weighs in.
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CNBC's Rick Santelli and Yra Harris, Praxis Trading partner, discuss the negative outlook on Japan, its GDP versus its debt, and investing in the Japanese yen.
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CNBC's Rick Santelli weighs in on government regulations, a political lack of "urgency," and Fitch's downgrade of Japan.
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Can investors still bank on the major banks? David Trone, JMP Securities analyst, discusses his downgrade on big bank names such as, Goldman Sachs, Bank of America, Citigroup, and Morgan Stanley.
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CNBC's Kelly Evans reports European stocks are on track for their biggest weekly decline since November, as fear about Greece and Spain grow and Moody's downgrades 16 Spanish banks, including the euro zone's largest bank, Banco Santander.
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Up to 20 of Europe’s top banks will on Wednesday discuss a plan to foil the dominance of the much criticized big three credit agencies at a private meeting of finance directors in Frankfurt. The FT reports.
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CNBC's Kelly Evans reports Germany's GDP numbers helped spur a small rally in Europe, Moody's downgrades 26 Italian banks, FDI inflows to China fell for a sixth month in April, and France's Hollande is sworn in as the country's new president.
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Simon Robinson, Director, Raven Capital says it's hard to say if the Spain debt situation can be "ringfenced." He adds that Europe needs coordinated financial action and more stimulus to grow.
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Barton Biggs, Traxis Partners, discusses his outlook on the markets amid Spain's recent downgrade and a lighter-than-expected GDP number.
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The Squawk on the Street crew discusses what's going to drive the buzz and trading today on the Street, including Spain's downgrade, Amazon shares on fire post earnings and shares of Starbucks moving lower in premarket trading.