Wednesday, the US budget deficit came out and the monthly budget deficit was slightly better than expected at $164.4 billion for November. The erosion in the fiscal situation is being generated by increases in outlays due to the recession and the US Treasury recording TARP outlays on a cash basis.
Dylan and Karen start Tuesday's show by agreeing that it looks like "anything goes" with the current market, as the Dow spacer snapped its recent rally to end the day almost 3% down. This drop was not a surprise to those who are in the business and watch for such things -- Dylan says it was "anticipatable" and is just "the market behaving as markets do."
left/CNBC/Sections/News_And_Analysis/_Blogs/Guest_Blog/__COVER/chandler_marc_100.jpg110010055lefttruehttp://msnbcmedia.msn.comfalse1Pfalsefalsefalsefalse The dollar was continuing to recover from yesterday's slide until details of the Fed's new facilities cut it short.
Do you want to know why the stock market was up 396 points today (this on top of Friday's 494 point rally)? Cramer says it's simple.
Stocks rallied Monday as investors welcomed news the government had stepped in to backstop troubled bank Citigroup. Shares of Citigroup jumped nearly 60 percent, ending just shy of $6 a share.
Stocks rallied Monday as investors welcomed news the government had stepped in to backstop troubled bank Citigroup. Shares of Citigroup jumped 60 percent, trading above $6 a share.
Stocks rallied Monday as investors welcomed news the government had stepped in to backstop troubled bank Citigroup. Shares of Citigroup jumped 60 percent, trading above $6 a share.
U.S. stocks looked set for a positive start to the week Monday as investors welcomed news the government had stepped in to backstop troubled bank Citigroup.
With the market appearing to pop right after the news of Timothy Geithner taking over for Hank Paulson as Treasury Secretary in the upcoming Obama administration, what exactly does the market like about the pick.