OTTAWA, May 27- The Bank of Canada held its key interest rate at 0.75 percent on Wednesday, largely shrugging off a weak U.S. economy in the first quarter, and said solid U.S. growth this quarter should help Canadian exports and business investment. The market had widely expected bank Governor Stephen Poloz to keep the benchmark rate steady, but some analysts had...» Read More
The Swiss government said it was cautiously optimistic for the economic outlook assuming the euro zone debt crisis does not again escalate even as it trimmed its growth forecast for 2013 to 1.3 percent.
The FMHR traders share their final trades of the hour.
Speaker of the House John Boehner met with President Obama this weekend to speak about the fiscal cliff. "We are still waiting for the White House to identify what spending cuts the President is willing to make as part of the balanced approach that he promised the American people."
Brookstone CEO Stephen Bebis discusses why consumers like his products, and displays some current hot products. "Our products improve your quality of life," he says.
The Greek debt buyback attracted bids totaling nearly 32 billion euros, and are short by about 450 million euros on their targets, reports CNBC's Simon Hobbs. In general, however, there is optimism.
"We've got to get growth in our economy," says Former Obama Chief of Staff Bill Daley, in discussing the fiscal cliff talks.
Checking on the markets, with Chuck Gabriel, Capital Alpha Partners, and Andy Laperriere, ISI Group. The quality of any deal between the President and Congress will determine the direction of the markets.
Digging into the fiscal cliff negotiations in Washington, and what the impact could be for the U.S. economy if a compromise is not reached by years end, with Republican Policy Committee chairman Senator John Barrasso of Wyoming.
Discussing the top 5 CEOs most likely to be fired next year, with Rocco Pendola, TheStreet.com social media director and writer. "Steve Jobs was the retail architect," he says.
RBC Capital Markets is out with its 2013 housing market outlook this morning. RBC's Robert Wetenhall breaks down the report.
CNBC's Steve Liesman reports what participants of the CNBC Fed survey say about the probability of a recession, and the dangers of the looming fiscal cliff.
A closer look at the U.S. economy, and optimism regarding the negotiations in Washington to avert the 'fiscal cliff,' with Senator Mark Warner (D-VA). "It's almost un-American that we're not going to be able to step up and get [a deal] done," he says.
Discussing the state of the fiscal cliff negotiations in Washington, with Rep. Scott Garrett (R-NJ) and Rep. Sander Levin (D-MI).
Where Washington stands on a fiscal cliff deal, with Senator Bob Corker (R-TN) and Senator Kent Conrad (D-ND). As long as we stay on revenues, and don't talk about entitlements, says Corker, we're never going to get to the right place.
CNBC's Steve Liesman offers insight on the latest Fed survey, including the probability of a recession in the next 12 months.
"No one should sign a bad deal because of an imaginary deadline," explains Grover Norquist, American For Tax Reform president.
Should holiday vacations be allowed if a deal to avert the fiscal cliff hasn't yet been put in place? Senator Ron Johnson (R-WI), weighs in. "If you want to get this economy going, and I think you could get it going, reduce the federal government's influence on business people's lives and on American's lives, " he explains.
The NFIB Optimism Index shows job creation in November was essentially zero. William Dunkelberg, NFIB chief economist, offers insight.
CNBC's Steve Liesman breaks down the next steps for the Fed according to a CNBC survey. 88 percent of respondents said the Fed will replace Operation Twist with outright asset purchases, he says. Cliff Robbins, CEO of Blue Harbour Group, weighs in.
CNBC's "Squawk Box" team and Cliff Robbins, CEO of Blue Harbour Group, speak with Emanuel Chirico, The PVH Group chairman & CEO, about the Warnaco deal.