WASHINGTON, Aug 28- The U.S. economy rebounded more strongly than initially thought in the second quarter with a bigger chunk of the growth driven by domestic demand in a bright sign for the future. Gross domestic product expanded at a 4.2 percent annual rate instead of the previously reported 4.0 percent pace, the Commerce Department said on Thursday.» Read More
Some economists are raising their estimates for the June jobs report but even if the number is better than expected, “I don’t think that would take QE off the table," one strategist said.
The "Squawk on the Street" team discusses today's major headlines, including surprisingly strong employment data from ADP, disappointing June same store sales data from retailers, and Apple is reportedly preparing to produce a new tablet computer with a screen smaller than 8 inches, with Dennis Berman, The Wall Street Journal.
CNBC's Rick Santelli, and Stuart Hoffman, PNC Financial Services chief economist, break down the data on jobless claims and discuss what it indicates about jobs creation and the health of the U.S. economy.
Weighing in on the Bank of England leaving key interest rates unchanged at 0.5 percent and increasing its asset purchase program total to 375 billion pounds, with Jon Hilsenrath, Wall Street Journal chief economics correspondent, and Robert Brusca, FAO Economics chief economist.
"I'm short the euro," says Jim Iuorio, Director; TJM Institutional Services, discussing the ECB's rate-cut decision, and weighing in on how U.S. jobs numbers will impact the markets.
Enjoy the hot dogs and fireworks because after the Fourth of July holiday, the market will get hit with three job readings Thursday followed by the main event Friday — the June jobs report.
Nicholas Colas, ConvergEx Group chief market strategist, explains how investors can glean important economic information by keeping an eye on food stamps, used cars, and Google.
CNBC's Rick Santelli reports Q1 GDP rose 1.9 percent, while initial jobless claims totaled 386,000. Jim Iuorio, TJM Institutional Services and John Silva, Wells Fargo, weigh in.
John Hailer, President & CEO, Natixis Global Asset Management says headlines continue to drive market sentiment.
Recent graduates with arts degrees face a jobless rate of 11.1 percent. With numbers like that, the degree probably seems useless. But many people have gone on to great success after earning “useless” degrees.
CNBC's Rick Santelli and Steve Liesman break down the data on this week's jobs numbers and discuss its impact on the markets and what it indicates about the economic recovery, with Jim Iuorio, TJM Institutional Services.
CNBC's Rick Santelli breaks down the latest numbers on jobless claims & Consumer Price Index, and a look at the impact on the market, with CNBC's Steve Liesman.
CNBC's Steve Liesman provides perspective on Fed Chairman Ben Bernanke's testimony on Capitol Hill and the impact on the markets, with CNBC's Rick Santelli.
Federal Reserve Chairman Ben Bernanke answers questions before the Joint Economic Committee in Congress. In the fifth round of questioning from Rep. Burgess and Rep. Hinchey, Bernanke address the question of what the U.S. can do to help Europe, and how America can prevent the same problems.
Federal Reserve Chairman Ben Bernanke answers questions before the Joint Economic Committee in Congress. In the fourth round of questioning from Sen. Coats and Rep. Maloney, Bernanke addresses the "too big to fail" regulations for big banks, the possibility of using additional quantitative easing as a tool to prompt an economic recovery, and China's impact on the nation's economy.
Federal Reserve Chairman Ben Bernanke answers questions before the Joint Economic Committee in Congress. In the third round of questioning from Sen. DeMint and Sen. Sanders, Bernanke addresses the nation's growing debt levels and low interest rates, and whether it's a conflict of interest to have JPMorgan's Jamie Dimon sitting on the board of the New York Fed.
Federal Reserve Chairman Ben Bernanke answers questions before the Joint Economic Committee in Congress. In the third round of questioning from Rep Mulvaney and Sen Klobuchar, Bernanke addresses the problems of interest rate swaps and how to reduce debt.
Federal Reserve Chairman Ben Bernanke answers questions before the Joint Economic Committee in Congress. In the second round of questioning from Rep. Campbell and Rep. Cummings, Bernanke addresses debt restructuring in Greece, and concerns about Spain and Italy. "It's important for European leaders to take additional effective steps to contain the problem," says Bernanke. The Chairman also weighs in on the weak housing sector and whether a targeted principal reduction program would help with the housing recovery.
Federal Reserve Chairman Ben Bernanke answers questions before the Joint Economic Committee in Congress. In the sixth round of questioning from Rep. Duffy and Rep. Lee, Bernanke address the implementation of the Volcker Rule, and the duration of long and short term interest rates.
Federal Reserve Chairman Ben Bernanke answers questions before the Joint Economic Committee in Congress. In the first round of questions from Chairman Casey, Vice Chairman Brady and Rep. Sanchez, the Fed chief weighs in on interest rates; what is holding back the economic recovery; and the possibility of a further round of quantitative easing.