LONDON, July 28- "The world of energy may have changed forever," according to Professor James Hamilton of the University of California. "Hundred dollar oil is here to stay." Hamilton, who is one of the most respected economists writing about oil, made his bold prediction in a paper on "The Changing Face of World Oil Markets", published on July 20.» Read More
CNBC's Jackie DeAngelis takes a close look at the market action from this week, saying the financial sector was up more than 3 percent for the week. Also, discussing the market's reaction to fiscal cliff concerns, with Dan Greenhaus, BTIG; Karen Finney, The Hill columnist; and Katie Pavlich, TownHall.com.
In a heated "Street Signs" discussion, CNBC's Brian Sullivan argues that the danger to the economy posed by higher "fiscal cliff" tax rates is being overstated. John Harwood and Larry Kudlow respond it's not worth taking the risk when economic growth is already so tenuous.
Despite uncertainty ahead of the "fiscal cliff," BlackRock's Michael Fredericks says it's a good time to add portfolio risk.
Reuters is reporting according to a Republican aide, the GOP might return December 27, and that they might have a new fiscal cliff plan. CNBC's John Harwood and Larry Kudlow, share their opinions.
"The markets expect something will get done, even with the developments tonight," says Joe Terranova of Virtus Investment Partners. Sarah Fagen, Former George W. Bush senior aide, and Matt Miller, Washington Post, weigh in.
Discussing Speaker Boehner's comment that "it is up to the President to work with Senator Reid on legislation to avert the fiscal cliff," with CNBC Contributor Jared Bernstein and Katherine Mangu-Ward, Reason Magazine; and checking on the Asian markets, with CNBC Asia's Adam Bakhtiar.
There won't be a house vote on Boehner's "Plan B" tonight. Will this spark a year-end correction? Brian Kelly of Shelter Harbor Capital and Jim Iuorio, TJM Institutional Services, discuss. "The markets are going to start pricing in that we're fully going over the cliff," says Kelly.
Speaker Boehner is saying "Plan B" did not have sufficient support from House members, with CNBC's John Harwood and Larry Kudlow; and Sarah Fagen, Former George W. Bush senior aide, and Matt Miller, Washington Post, discuss the likelihood of going over the cliff.
CNBC's John Harwood and Larry Kudlow discuss news the House will remain in recess until after Christmas and there will not be a vote on "Plan B" tonight. Heather Higgins, Independent Women's Voice president, weighs in.
House Speaker John Boehner is gathering the Republicans into a caucus right now, and the vote on his "Plan B" is delayed, with Heather Higgins, Independent Women's Voice president and Ben Jealous, NAACP president & CEO.
Discussing how Boehner's "Plan B" proposal and upcoming vote is impacting the markets, with Jim Iuorio, TJM Institutional Services and
It appears the GOP does not have the votes to pass Boehner's "Plan B," with Keith Boykin, Former Clinton White House Aide; Heather Higgins, Independent Women's Voice president; and Ben Jealous, NAACP president & CEO.
Discussing President Obama's position on tax rates, and the state of the fiscal cliff negotiations, with Heather Higgins, Independent Women's Voice president and Keith Boykin, Former Clinton White House Aide.
Discussing Boehner's "Plan B," and the gun debate, with Rudy Giuliani, Giuliani Partners Chairman & CEO and Former NYC Mayor (R). "I'm in favor of assault weapons," he says.
CNBC's John Harwood reports the House of Representatives has gone into an unscheduled recess shortly before Republicans were set to vote on Boehner's "Plan B." This usually means the party lacks the vote to pass the bill, he says.
CNBC' John Harwood reports on what could happen if the House votes yes on Boehner's "Plan B," and Rep. Aaron Schock (R-IL) and Rep. Jim Jordan (R-OH), provide perspective.
CNBC's Melissa Lee reports First Solar is providing 2013 guidance following their earnings call in February, and not having an analyst meeting in January.
Calling a summertime bottom in the stock market, JPMorgan Chief Economist Bruce Kasman expects growth to pick up into the second half of 2013.
Discussing the fiscal cliff negotiations and the state of the U.S. market now, with Kenny Polcari, Independent Trader (at NYSE) and Jeff Kilburg, Killir Kapital Management.
The Treasury is announcing today that it will dump its remaining stake in General Motors, with CNBC's Phil LeBeau and Michelle Krebs, Edmunds.com; and John Batchelor, The John Batchelor Show host, discusses the latest on the Benghazi scandal.