CNBC's Scott Cohn discuses Allen Stanford's fraud case, considered to be one of the biggest ponzi schemes ever. In this discussion with Ralph Janvey, receiver in the Allen Stanford case, Cohn tries to get to the heart of who Allen Stanford really was.» Read More
The U.S. House of Representatives passed a bill Wednesday to charge firms and individuals fines and criminal penalties for so-called gasoline price-gouging. On “Power Lunch,” experts debated the bill's benefits to and impact on consumers.
How goes the battle against Chinese intellectual piracy? John Taylor, Hoover Institute fellow and former Treasury department undersecretary, joined James Bacchus, chairman of the global trade practice group at Greenberg Traurig, to reassure "Power Lunch" viewers that "we're making progress as we speak."
Ahead of Tuesday’s trade talks between top U.S. and Chinese officials in Washington, D.C., experts joined “Power Lunch” to provide perspective. “This is the ‘put up or shut up’ summit,” said Peter Navarro, author of The Coming China Wars. ... Robert Scott, an international economist at the Economic Policy Institute, said the trade deficit "threatens the stability of the U.S., and the global economy.”
CNBC Chief Washington Correspondent John Harwood said on CNBC’s “Keeping America Great” series that U.S. Treasury Secretary Henry Paulson is trying to keep the “long-term strategic economic dialogue” going on a steady path. ... But China is overwhelmed by congressional pressure for economic progress, which Krishna Guha, chief U.S. Economics correspondent for the Financial Times, is not sure the Chinese will be able to deliver.
Christie’s auction house sold $385 million worth of art Wednesday – the second highest total in art auctioning history. ARTnews editor Eileen Kinsella and Winkleman Gallery owner Edward Winkleman joined “Power Lunch” to discuss the high price of art – and what the auction means for the market.
The Dow lifted Thursday, after Federal Reserve Chairman Ben Bernanke soothed concerns about the subprime lending market. Elizabeth Miller, managing director at Trevor, Stewart, Burton & Jacobsen, joined “Power Lunch" to offer insights on the market reaction.
Shares of China Sunergy soared Thursday in their market debut. The Chinese solar-energy firm is just one of the many public offerings expected to do well this year. On “Power Lunch,” Steve Gelsi, IPO reporter at MarketWatch, told CNBC’s Bill Griffeth that 2007 could be the richest year in the IPO market since "the dot-com bust of 2000."
What do the markets have in store for next week? "Power Lunch" featured a troika of trading experts, who weighed in on market-moving factors including energy, mergers and acquisitions, and the Federal Reserve.
A lot of investors and U.S. businesses look to China for opportunities, but is India the sleeper pick for investors? Top strategists Lawrence Goodman, head of emerging markets strategy at Bank of America, and Andrew Foster, lead portfolio manager of the Matthews India Fund, joined Sue Herera to weigh-in on this topic this afternoon on Power Lunch.
Retailers reported grim April sales data Thursday, well below views. What’s stopping consumers from flexing their spending muscle? Retail analysts Kimberly Greenberger and Brian Tunick joined CNBC’s Sue Herera on “Power Lunch” to explain.
Is private equity enriching an elite handful of investors, or is there a "trickle-down" benefit to others? On "Power Lunch," Stephen Lerner, director of the Private Equity Project at the Service Employees International Union (SEIU), and Michael Madden, co-founder and managing partner of BlackEagle Partners, squared off on the question.
Bill Strazzullo, chief market strategist at Bell Curve Trading, told CNBC’s “Power Lunch” that investors should consider taking profits in the downbeat market and then prepare for another climb to record levels.
Susan Wachter, professor of real estate and finance at Wharton Business School, told CNBC’s “Power Lunch” that the housing market has yet to hit bottom.
"We can now control our own destiny," says David Maisel, executive vice president of Marvel Entertainment. He joined CNBC's Sue Herera on "Power Lunch" to explain how the comic-book publisher grew into a "multi-pronged" entertainment giant, spanning from Broadway to Dubai -- and, of course, Hollywood.
Matthew Patsky, portfolio manager at Winslow Management, told CNBC’s “Power Lunch” that the bull market will continue as recession fears fade.
Market reforms top the agenda of France’s new conservative President, Nicolas Sarkozy. Will it be good for the French economy -- and for U.S. business? Julianne Smith, Europe program director and senior fellow at the Center for Strategic and International Studies, and John Levy, Europe and Eurasia analyst at the Eurasia Group, shared insights on “Power Lunch.”
Rupert Murdoch's bid for Dow Jones -- which owns The Wall Street Journal -- has become the talk of the news industry. On "Power Lunch," CNBC's Rebecca Jarvis reported from the Newspaper Association of America meeting in New York, where publishers are taking sides on what News Corp.'s $5 billion offer might mean for the market -- and for the U.S. as a whole.
Drew Kanaly, chairman at Kanaly Trust Company, told CNBC’s “Power Lunch” that good Fed policy combined with the right moves on taxes, regulation and trade will continue to drive the stock market higher. He expects the Federal Reserve to cut rates in August or September.
Will dizzying gasoline prices slam the brakes on the U.S. economy this summer? Derek Burleton, senior economist at TD Bank Financial Group, and Jan Stuart, UBS oil economist, agree that prices will rise -- but aren't sounding any alarms yet. The two joined "Power Lunch" to talk about the pump's impact on the economy.
"You can't imagine" the extent of the private equity boom, says Fred Price, managing partner and principal at Sandler O'Neill. Price joined a special edition of "Power Lunch: Live at the Links" to talk about private equity and banking mergers -- neither of which shows any signs of slowing.
Tyler Mathisen is a co-anchor on "Power Lunch" and is also the vice president for Strategic Editorial Initiatives at CNBC. He also co-anchors "Nightly Business Report produced by CNBC."
Sue Herera is a founding member of CNBC, helping to launch the network in 1989. She is co-anchor of "Power Lunch."
Did the Fed just hint at tapering in December? Kenny Polcari parses the Fed speak — and parses some pasta scraps for a good recipe!
In this issue of "What's cookin' with Kenny Polcari," Kenny whips up a few Fed tidbits and something to dazzle your Thanksgiving guests.
Pro trader Kenny Polcari shares his thoughts on where the market is headed, as well as his recipe of the day.