WASHINGTON, Aug 29- U.S. consumer spending fell in July for the first time in six months, but confidence among households hit a seven-year high in August, suggesting the retrenchment would be temporary.» Read More
CNBC's Carl Quintanilla moderates a panel on real estate. Many real estate investors got torched during the financial crisis. Is now the time to come back to real estate, with Bill Ackman, Pershing Square Capital Management LP founder and CEO; Barry Sternlicht, Starwood Capital Group chairman & CEO; and Sam Zell, Equity Group Investments chairman.
The US Treasury would effectively accommodate a possible Federal Reserve stimulus to drive down long-term interest rates, according to people familiar with the matter. The FT reports.
The media has been focusing on the distressed areas where jobs are being lost, says Jay Jordan, The Jordan Company chairman/managing principal, who adds his company is adding jobs; with Larry Bossidy, former Honeywell chairman/CEO.
Friday’s disappointing US non-farm payrolls data showed no jobs where created in the US in August sending stocks sharply lower as fears over a recession intensified.
Michael Aitken, chief scientist at Capital Markets CRC Limited, says U.S. regulators should differentiate various categories of HFT as some of them are actually positive for markets.
Don Luskin, chief investment officer at trend macro, says that the U.S. job market is not as bad as what everybody says. Tai Hui, regional head of economic research, Southeast Asia at Standard Chartered says that no net job increase for the month of August is great hindrance to the U.S. consumer sector.
The week's top business news and investment advice, including telecom and retail picks, with CNBC's Oriel Morrison.
Discussing whether investors should panic as consumer confidence clocks its worst level since April 2009, with Russ Koesterich, iShares Global.
If President Obama wants to create more jobs and fix the economy, he should "put down a marker" and fight the Republicans in Congress, Robert Reich told CNBC Thursday.
CNBC's Rick Santelli has the data on last month's factory orders, and a look ahead of Friday's jobs report, with Steve Ricchiuto, Mizuho Securities, and CNBC's Steve Liesman.
The private sector created 91,000 jobs last month, a shade below expectations, according to a report from ADP that sets the stage for a likely weak report the government will release Friday.
A look at the factors that will weigh in on markets and the economy, including consumer confidence dropping and the jobs situation, with Brian Belski,Oppenheimer Asset Management and Barry Knapp, Barclays Capital.
Despite ongoing sovereign debt issues in the euro zone and the US, and fears of a double dip recession in the developed world, equities are undervalued and investors should consider building their exposure to them, according to Edmund Shing, head of European equity strategy at Barclays Capital.
CNBC's Rick Santelli has the data on August's Chicago PMI, the lowest number since November 2009.
Erik Ogard, Director, Client Investment Strategies at Russell Investments urges investors to remain patient, and calmly wait for the market to stabilize.
"We have been seeing growth coming down for some time already. We are probably going into negative territory around spring of next year; it is not for certain, but that is the most likely scenario," Roger Nightingale, strategist at RDN Associates, told CNBC.
"It reminds [Bernanke's speech] me of the movie airplane in the scene where one of the gates agents is saying 'don't panic don't panic' where all the passengers are running towards the exits. I think his primary job as Fed chief is just to be calm and to try and reassure markets. The story is kinda wearing thin, the vaudeville act, no-one's really buying it," Andrew Schiff, investment consultant at Euro Pacific Capital told CNBC. "The markets were expecting some kind of QE3 announcement today, they didn't get it but what they did get....was the extended meeting of the Fed in September and maybe they will get some grand QE3 strategy announcement in September."
UK households saw their finances deteriorate faster than during the height of the recession in 2009 in August, a survey showed on Monday, in a sign that the economic recovery remains fragile in the country as prices rise and incomes fall.
Jennifer Davis, Analyst, Equity Research - Retail at Lazard Capital Markets is upbeat about Limited Brands. She feels the retail giant could be furthering expansion plans.
Despite demand for gold falling to 17 percent in the second quarter compared to the same period in 2010, the World Gold Council says that full-year demand will increase because of a rush to safe haven assets as market volatility has ramped up.