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This week is not only the last one of the month. It's also the week that could determine if GM holds on to the top spot in monthly auto sales in the U.S.
Whether it's the Wall Street Journal speculating about Cerberus Capital pushing for "fresh air" in the management at GM, or the steady flow of e-mails I get from people saying "Wagoner must go!", there is no shortage of people suggesting GM's leadership needs to change.
Cramer makes the call on viewers' favorite stocks.
Stocks made a third attempt at a rally Thurdsay though techs took a beating amid worries about the outlook for the sector.
Some of Wednesday’s beaten up groups – energy, utilities, and telecom, rebounded nicely and posted some strong gains, while materials and financials continued to see some weakness.
A rally spurred by bargain hunting fizzled Thursday as weakness in technology leaders offset strength energy-related companies.
Stocks wavered after an early pop Thursday as the latest batch of earnings and a disappointing weekly jobless report stoked recession fears.
S&P futures moved about 40 points off their highs of the morning, before posting a slight rebound off the lows late in the morning. They are finishing the morning session only down slightly.
This morning GM and Chrysler announced a fresh round of job cuts due to the stunning drop in business and their balance sheets.
The cruel earnings season for the American worker intensified Wednesday as more companies announced layoffs.
Ever since word first leaked out about GM talking with Cerberus Capital about buying Chrysler, I've had two basic conversations with those in the companies, in the industry, on Wall Street, and you the reader/viewer.
Despite the threat of a slowdown, at least one major investor appears bullish on casinos and hotels.
Billionaire investor Kirk Kerkorian says his investment firm has sold 7.3 million of its shares in Ford Motor, reducing his stake in the automaker to just over 6 percent.
The billionaire investor who said he bought Ford stock as a long term investment is pulling out of the automaker after a short, money losing ride. Kirk Kerkorian still owns more than 6% of Ford's outstanding common shares.
The dispute could hurt more than just one company's earnings if it isn't resolved soon, Cramer says.
As discussions between GM and Chrysler heat up, there's a steady flow of questions about road blocks that could stop this merger of American auto giants. Any other time, I'd agree with some of the points being raised. But given the economy and the weakened state of the auto industry, I think few of these are going to stop GM from acquiring Chrysler- IF the country's largest automaker decides it wants this deal.
Stocks ended down for the day but still pulled off a gain for the week.