CNBC's Bertha Coombs discusses the day's activity in the commodities markets. Crude continues to head south, even though geopolitical events keep a floor around the low $90s.» Read More
Imagine that you are a small business owner who has a thin two to five percent profit margin during a tough economy and are trying to avoid laying off workers. On top of this, the federal government will begin keeping 3% of the money it owes you until the Internal Revenue Service acknowledges – months or years later – that you had already been paying your taxes. Although Halloween is just around the corner, this isn’t just another scary story.
Texas Gov. Rick Perry, seeking to jump-start his GOP presidential campaign with a 20 percent flat tax, said “I don’t care” if his plan gives millions to wealthy Americans because he says it will accelerate economic growth.
"I do not think QE3 is imminent. Let's see what Thursday's GDP number is like. If it is a pleasant surprise, if we see third quarter GDP grew by 2.5 percent - some people even think close to 3 percent - I think it lets the Fed of the hook," Greg Valliere, chief political strategist at Potomac Research Group, told CNBC.
Testifying in front of the treasury select committee, Bank of England Governor Mervyn King detailed the central bank's rational for introducing a second bout of money easing. "The volatility did not dampen down, we did not see a reversal of the asset price movements, so we followed through and took the decision in October, which was unanimous, to resume the asset purchasing program," he said.
Chris Harvey, global leader - financial services at Deloitte Touche Tohmatsu Limited, says the EU breaking down is the worst possible outcome of the euro zone debt crisis.
CNBC's Eamon Javers with a preview of President Obama's refi housing program and the economy, and the Fast Money traders with the play on financials.
"President Obama is taking action." At least that's what the blog on the WhiteHouse.gov says today in describing the president's trip to Las Vegas. "We can't wait to help homeowners," it goes.
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.
"When I look at Zuccotti or McPherson or Grant Park, I’m not surprised the Occupiers don’t have a fixed agenda, writes the best-selling author," adding, "For decades, we’ve been like a tether ball in a schoolyard, pummeled by so much abuse from so many different directions that we’ve just spun around in circles. Now, the Occupiers are stopping the ball."
Filmmaker Michael Moore shares his views on the movement to occupy Wall Street. "Don't the American people deserve their answers and some justice?" he says. "People are in Wall Street because this is the core of the problem."
"Governments sit on huge state real estate and financial estate, and there are many ways to use this in a more efficient way," Matteo Cominetta, European economist at UBS, told CNBC.
The currency markets have been all about Europe all week long. Here's a way to trade the upcoming debt-crisis meetings.
CNBC's John Harwood with a look inside the numbers of two competing flat tax plans from Rick Perry and Herman Cain.
This is part of an on-going series of blog posts to hear from those involved with Occupy Wall Street; what they're about, what they want and how they want to see the country improve.
"We're in a situation, if you were scripting a disaster movie, you really couldn't build the tension better," one analyst told CNBC.
The debt crisis afflicting the euro zone is a condition that can be delayed but ultimately cannot be resolved, David Murrin, chief investment officer at Emergent Asset Management told CNBC.
It’s getting colder in London. We had a lingering summer, but that is over. Not such a great time to be on the streets for any longer than you have to. The central heating goes on and the thick duvet is very welcome.
"The oil sands represent 0.1 percent of global emissions," Joe Oliver, Canadian minister of natural resources, told CNBC. Canada's exploitation of the Alberta-based sands has been heavily criticized for its ecological impact.
Ian Bremmer, President of Eurasia Group, explains why a two-tier union is the ultimate goal for the Euro zone.
Is Washington standing in the way of American becoming energy independent? Jay Glick, Lufkin Industries president/CEO, and Daniel Yergin, IHS Cambridge Energy Research Associates, discuss.