U.S. military involvement in Iraq will continue as the threat from ISIS is more dangerous than that from al-Qaeda, said Defense Secretary Chuck Hagel. NBCNews reports.» Read More
Athens hopes to agree on a deal for additional aid during a conference call between Greece and the EU/EB and IMF, with CNBC's Michelle Caruso-Cabrera.
Thomas Falk, Chairman & CEO, Kimberly-Clark, says businesses will go where they are free to invest and that regulation in the pipeline is creating uncertainty.
Starts are down 5 percent and permits are up 3.2 percent, so it's a middling number that's not great and not terrible, reports CNBC's Rick Santelli. And Thomas Falk, Kimberly-Clark chairman & CEO, talks about the American consumer.
CNBC's Michelle Caruso-Cabrera reports on the situation from Greece and talks to Michalis Chrysochoidis, the Greek Minister of Competitiveness about the country's economic situation.
The day's top news stories, and David Zervos, former Federal Reserve visiting advisor, and Robin Harding, Financial Times, discuss the FOMC meeting and the likelihood of QE3.
Raghavan Seetharaman, CEO, Doha Bank, wears a tuxedo to work every day and is on Squawk to discuss concerns over the Greek crisis. He says the larger interests in the EU have to come together politically and deal with the problem. He adds there's real opportunity in the emerging markets.
Frederic Neumann, Co-Head of Asian economics research, HSBC, discusses the dangers to Asia's financial situation, and what would happen in the event of a major bank failure in Europe.
Kevin Ferry, TheContrarianCorner.com, discusses how the markets will react to Greece and Italy, and what happens to the markets after the inevitable default.
The Fed begins a two-day meeting and the talk turns to Operation Twist, with CNBC's Steve Liesman & Joe Kernen, and Andrew Ross Sorkin, The New York Times. CNBC's Michelle Caruso-Cabrera reports on the downgrade of Italy's credit rating. Also, Washington Post columnist Neil Irwin discusses today's Fed meeting.
As his former colleagues at the International Monetary Fund gather this week, the scandal surrounding Dominique Strauss-Kahn will be a specter in the background.
"The whole issue of peripheral Europe and debt restructuring is a process. It¿s not going to be solved in one big bang and having covered emerging markets for many years this is nothing new," Sailesh Jha, head of Asia market strategy at SEB Bank Singapore told CNBC. "So we¿ll get several different processes taking place and the first one is September 29 and what the German parliament approves in terms of the ESFS facility and I think our core view is that it¿s going to be passed¿.and then we go to the next stage."
With the jobless rate in the United States holding steady at 9.1 percent and the market showing no signs of near-term recovery, many Americans are considering looking abroad to combat their unemployment problem at home.
Jim Cielinski, head of fixed income at Threadneedle, says there needs to be greater evidence of fiscal union in order to restore investor confidence.
Vasu Menon, VP, wealth management at OCBC Bank says Italy's lack of political willpower to execute austerity measures is the reason behind the recent downgrade.
As President Obama called on Congress today to adopt his “balanced” plan on entitlement cuts, tax increases and war savings to reduce the federal deficit. Former President Bill Clinton sat down with Maria Bartiromo today to discuss jobs, global economies ahead of his annual Clinton Global Initiative Meeting in New York.
It could almost make your head spin. With an economy on the front end of another recession, President Obama’s tax attack on the folks who are most likely to succeed, invest, start new businesses, and create jobs is nothing short of staggering. Only liberal-left class-warfare ideology can explain this.
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.
Director of the OMB Jacob Lew and Treasury Secretary take questions from the media about the President's jobs plan as well as his just announced deficit-reduction plan.
Chairman Ben Bernanke changed this weeks Federal Reserve meeting from one day to two. He has to have a good reason, right? He said there is a lot to discuss, but there usually is. These guys are not without ego and want their say, and the Chair wants more time.
Over the 100 years from 1950 to 2050, this decade will be seen as the "inflection decade" as both the developed and emerging economies make radical changes to adapt to a more dominant Asia, Anil Gupta, professor of strategy at University of Maryland told CNBC Monday.