Big pharma company Eli Lilly is coming under fire. CNBC's Pharmaceuticals Reporter Mike Huckman had the late breaking details on this morning’s “Squawk Box.” Huckman reported that Eli Lilly said sales of its top selling drug Zyprexa would be “stable” next year (the drug is used for schizophrenia and bipolar disorder).
This morning, the Dow futures are up another 28 points after a record close on Friday of 12,416.76. That was the second record close in a week. “This too shall pass,” say the wise – even a good thing. So investors have to be wondering how long this trend will continue. Regular CNBC guest Liz Ann Sonders spoke with Joe Kernen this morning on “Squawk Box” to give us her take on what will happen next.
When it's time to make a commercial--companies usually go to Madison Avenue to dream up a catchy ad. But that idea may soon be old school. CNBC's Darren Rovell told the "Squawk Box" team about the new idea for the upcoming Super Bowl--letting the public make up the ad.
Even with Christmas coming up--there's no holiday from big name earnings reports. Oracle is set to release their earnings after the bell today. Robert Schwartz is an analyst at Jefferies & Co. He was on "Squawk Box" with a preview.
According to the old adage, "Housing and autos lead the economy into recession". In theory, it should be a scary time to be in the stock market. Housing starts are off 29% and domestic auto sales have slumped 8%. But many on Wall Street are offering an even scarier piece of investment advice, "It's different this time around." Well, is it? The “Squawk Box” team investigated.
As we've told you--CNBC's Carl Quintanilla was part of the crew covering the just ended American-Chinese economic talks in Beijing. His reports appeared on "Squawk Box" (see our earlier post today). Here are his personal and behind the scene comments on the trip. If you're a fan of big cities, you're a fan of Beijing...
Here are the U.S. Consumer Price Index (CPI) numbers for November: unchanged--which is far better than the 0.2% increase than many economists had expected. The core rate--which excludes the volatile food and energy sectors--was also unchanged. Economists had been looking for a 0.2% increase there as well...
Matt Cuddy is the CNBC Washington Bureau News Director on assignment in China with "Squawk Box" host Carl Quintanilla--covering the U.S. and Chinese economic talks. Here are his "behind the scene" impressions of the trip so far: On our first night in Beijing we walked around Tiananmen Square to burn off some jet lag. We met a couple young elementary school teachers who heard us speaking English....
There’s a new technology from China that some people claim, could kill the DVD market as we know it. On "Squawk Box", CNBC’s Becky Quick investigated this new technology – and how rapidly it could appear in the U.S. According to Jim Burger, Director of the DVD Association, China's major audio-video publishers have formed an alliance to facilitate something called the EVD – a competitor to the High Definition DVD.
U.S. Treasury Secretary Henry Paulson and other top American officials are in Beijing this morning for trade talks, appealing to Chinese leaders to help preserve U-S support for free trade. CNBC’s Carl Quintanilla is following all the developments closely and updated the “Squawk Box” crew this morning, also from Beijing.
Just three days after appointing a new chief operating officer--Citigroup is holding an analyst and investors day. CNBC's Mary Thompson was live on the scene from the Manhattan location. Thompson said that no one should expect any more news on management changes for restructuring at the financial giant. That word came from the company's CEO Chuck Prince.
We have a bit of a late entry--from today's "Squawk Box." Sun Microsystems Chairman and President Scott McNealy came on to talk about his non-profit organization curriki.org. It's a try at letting kids from K-12 get online in order to have free access to text books and classes.
U.S. retail sales gained a much more than expected 1.0% in November. Excluding auto and gasoline sales they advanced at the strongest pace since January, according to government data that showed a generally upbeat trend for consumer spending. On this morning’s "Squawk Box", CNBC’s Steve Liesman and Richard Hastings....
General Electric is affirming its earnings estimate for this year, and forecasting profit growth of 10-13% in 2007. The parent company of this network also boosting its quarterly dividend by 12%. This morning--GE Chairman and CEO Jeffrey Immelt spoke with The Squawk Box team – explaining how he'll deliver a "high-visibility, low-risk" year.
Talks between China and the U.S. are underway--to try and work out some big economic issues between the two countries. The American delegation is led by U.S. Treasury Secretary Hank Paulson--and Fed Chairman Ben Bernanke is along to add to the importance of the mission. CNBC's Carl Quintanilla is in China--and reported on "Squawk Box."
Investors won’t have to wait much longer to find out where the Fed stands on interest rates. The FOMC announcement comes at 2:15 p.m. New York time (and you can see it live on cnbc.com). It's widely expected that interest rates will hold steady at 5.25% for the fourth consecutive time. More important will be clues the central bank gives about its intentions for next year.
Goldman Sach's $10 billion dollar Global Alpha Fund--a 40% gainer last year--is down almost 11% this year while the stock market is on a bull run. This year on average--the so-called smart money is underperforming the broad averages. This begs the question--can hedge funds deliver above market returns or is the market simply too efficient?
Merck is holding its annual analyst meeting today. On this morning’s "Squawk Box", CNBC'S pharmaceuticals reporter Mike Huckman explained why investors are so eager to learn about this company's R & D developments. Huckman says the major issue is whether Pfizer’s loss of torcetrapib, a cholesterol treatment, could be Merck’s gain...
In an effort to stave off waning consumer confidence in fresh fruits and vegetables--some of the major produce industry groups are calling for more government regulation. Rosa DeLauro is a Democratic Congresswoman from Connecticut and ranking member of the House Appropriations Agriculture Sub-Committee....