President Obama hosts Ukraine Prime Minister Arseniy Yatsenyuk at the White House. Yatsenyuk says his country feels the United States stands by his people.» Read More
CNBC's John Harowood, Steve Liesman, Bob Pisani and Rick Santelli have a preview of President Obama's plan to cut spending and lower the deficit.
Crude supplies are up over a million barrels, but the decline in gasoline is far more than analysts were expecting, reports CNBC's Sharon Epperson. Also, a look at the recent rise in oil prices, and the hunt for cheap oil, with Addison Armstrong, Tradition Energy, and CNBC's Simon Hobbs.
Loose monetary policy will not solve the euro zone’s structural imbalances and the ECB needs to focus on price stability to help rein in commodity-led inflation, according to incoming ECB Board Member Peter Praet.
As austerity measures kick in and the euro zone debt crisis begins to really bite voters where it hurts, in the pocket, extreme political parties are becoming mainstream, warns Dylan Grice, a strategist at Societe Generale in Paris.
Discussing when the economy will be able to get off its Fed support, with Art Cashin, UBS.
Discussing the government cuts, whether the debt limit will be raised, and Alcoa earnings. Also, a debate on taxes, trickle-down economics, the nuclear situation in Japan gets worse, and major Asian markets sell off as a result. Guests: Andrew Ross Sorkin, The New York Times and CNBC's Guy Johnson.
Kevin Logan, chief US economist at HSBC believes the Federal Reserve created the conditions for investors to party hard. The big gains in equities, commodities and risky assets showed this policy certainly got the party going, but there are rumors that someone wants to start making coffees and pour away the rest of the punch.
The UK banking industry has begun to respond to the Independent Commission on Banking (ICB) interim report into the future framework within which they would have to work if they want to remain headquartered in the UK.
As the U.S. moves closer to the so-called "Fiscal Cliff", big ticket government spending areas like defense programs are likely to be at the center of the debate.
Private equity power player Scott Sperling, co-president, Thomas H. Lee Partners, says the threat of a double-dip recession has lessened significantly, and that his portfolio is doing quite nicely, thank you. And it's all happening, he adds, despite significant headwinds in the economy, although, he adds, it's too early for the Fed to put on the brakes.
The biggest concern is the price of oil, says Jeremy Siegel, Wharton School at The University of Pennsylvania. Of less concern--for now, at least--is the deficit and a government shutdown. Fortunately, says Siegel, the economy is not as sensitive to rising oil as it was in the 70s. But if gas gets above $4, it's going to be a big problem. Also, the reason stocks are where they are right now? Earnings.
Marc Faber, editor and publisher of "The Gloom Boom & Doom Report," discusses the world economy and the amount of paper being printed by central banks. His preference, as a result, is gold. Faber adds that in the current environment, cash and bonds are dangerous. Everything is going up, he says. Only at the Federal Reserve is there no inflation.
CNBC's Guy Johnson reports from Budapest as European finance ministers meet to discuss the EU's debt crisis. And the country's travel forecast and a look at Augusta.
The Misery Index is a simple calculation that became a political hot potato in the late 1970s and early 1980s. By adding the unemployment rate and inflation together, the index gave policy makers a tool by which to measure economic misery. As President Barack Obama prepares for his re-election run, the index stands at just 11 percent, some 10 percent lower than Carter faced 31 years ago.
In Egypt's government ministries, factories and especially universities, daily protests have focused on those viewed as Mr. Mubarak’s surrogates, the New York Times reports.
The House passes a one week stopgap to keep the government running, but the Obama Administration says it will veto it, and is developing contingency plans for a government shutdown. CNBC's Hampton Pearson reports on the economic impact of a government shutdown.
Discussing whether the ECB is jumping the gun and the Fed is lagging, with Keith McCullough, CEO, Hedgeye Risk Management. For places like Portugal, Greece and Ireland, he says, things will end badly.
CNBC's Silvia Wadhwa reports from Frankfurt on the expected rate hike by the ECB. Many see it as a warning that countries have to be responsible for getting their own fiscal houses in order. And John Harwood reports on a new NBC-Wall Street Journal Poll. Also, a look at the weather forecast for The Masters in Augusta, Georgia.
The West's attempts to kick-start growth have opened up a 'Pandora's Box' of economic distortions that have taken the emerging world to the outer reaches of economic experimentation, according to HSBC chief economist Stephen King.
After months of speculation, Portugal last night accepted what many had claimed has been inevitable since the fourth quarter of 2009 and went cap in hand to the European Union as its borrowing costs became unsustainable following another big jump in yields.