The "Closing Bell" panel and Chris Thornberg, Beacon Economics, provide perspective into the phenomenon of high-end home flipping.» Read More
The European Central Bank announces a benchmark interest rate cut of 0.25 percent to 0.75 percent, and cuts deposit rates to zero from 0.25 percent. Adam Lerrick, American Enterprise Institute scholar, provides perspective on the ECB's decision and its impact on Europe's economy, 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.
There is still more agony to come for Spanish banks, the Financial Times reports.
I was in Ischia, off the coast of Naples, during the latest eurozone summit. Many of the Italians present during the award of this year’s Ischia prizes for journalism thought that Italy had won two victories over Germany: in football, at the European championships, and in economics, at the European summit, the Financial Times reports.
The appearance of Bob Diamond, the departed chief executive of Barclays, before a UK Treasury select committee on Wednesday will focus attention on movements in the London interbank offered rate over a crucial two-day period at the height of the financial crisis in 2008, the Financial Times reports.
abstract goes here
CNBC's Sharon Epperson discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.
Rather than a housing market defined by weak demand and falling prices, the market is now being hampered by a restricted supply of homes for sale as demand improves. That's leading to a more volatile housing recovery than many expected, USA Today reports.
CNBC's Kayla Tausche reports an update on the details of the bank living will documents.
Discussing what else investors can expect out of the markets for the rest of the week, with CNBC contributor Michael Yoshikami and Mike Gibbs of Raymond James.
Breaking down the bankruptcy processes and other details from the banks' "living wills," which were released by the FDIC and the Fed. With Peter Boockvar, Miller Tabak; Dick Bove, Rochdale Securities; and Larry McDonald, Wall Street insider.
CNBC's Kayla Tausche reports on the details of what the banks consider their core businesses.
All 9 banks met the living will deadline, reports CNBC's Kayla Tausche. Anton Schutz, Mendon Capital; Andrew Stoltmann, Stoltmann Law Offices; CNBC's Mary Thompson and John Carney, share their thoughts.
JC Penney surprised shoppers with a huge sale, but what happened to CEO Ron Johnson's plan to ditch the sales for everyday low prices? CNBC's Herb Greenberg has the details.
Christine Lagarde, IMF managing director, offers insight on the escalating European borrowing costs and keeping interest rates low. "The best way to encourage the rates to go down is to restore confidence, so investors are pleased with the risks they are taking," she says.
CNBC's Sharon Epperson reports on where commodities stand ahead of the holiday.
Former New York Stock Exchange chairman/CEO Richard Grasso, discusses the Barclays scandal, the state of the economy and bank regulation. "You can never look away from the reality that the regulators are imminently involved in these institutions," he says.
It may have been a shortened trading session today, but the bulls will take this market. Ryan Lewenza of TD Waterhouse, and CNBC's Mary Thompson, weigh in on what investors can expect ahead of Friday's jobs report and the holiday tomorrow.
Ron Carson, Carson Wealth Management founder & CEO, advises investors on how to position their portfolio for the summer. "I think it's proven right now to be careful, very surgical, and very thoughtful where you place new investments," says Carson.
CNBC's Kate Kelly reports Chesapeake Energy is listed as the fourth biggest securities position in Third Point's June report.