Good morning. A bit of inspiration from our quote of the day. It's from artist Vincent Van Gogh: "I dream my painting and then I paint my dream." Dream on all. A lot to digest this week starting with the Fed meeting on Tuesday. We'll get a look on what might happen in regards to interest rates.
Most people link poverty with the inner city--but that's no longer the case. A newly released study from The Brookings Institution found suburban poor out numbered their city counterparts for the first time. On “Street Signs” CNBC’s Erin Burnett spoke with study co-author, Alan Berube about his report--Two Steps Back: City and Suburban Poverty Trends.
Here's a follow up to Steve Liesman's report on the U.S. monthly jobs numbers--we told they come out tomorrow at 8:30 a.m. ET – and a lot is riding on them. The data will suggest whether we're heading toward recession or if inflation is coming. On "Street Signs", CNBC’s Erin Burnett took a closer look at the expectations when non-farm payroll and unemployment data is released.
It looks like the California State Attorney General's office is getting ready to settle with Hewlett-Packard--over civil charges related to the corporate spying scandal. That scandal led to the resignation of HP Chairman Patricia Dunn. Don Clark is the San Francisco Bureau Chief of The Wall Street Journal.
Gaming is one of the best-performing sectors recently. Investors, Wall Street and private equity are all eyeing these – supposedly – recession-proof stocks. The constant cash flow is pretty attractive, too. But what’s interesting is that casinos stocks seem to be on the rise despite some less than stellar earnings.
In a post not too long ago--we told you that The U.S. House of Representatives earmarked nearly $1 billion for autism research. The money is spread out over 5 years and goes toward the search for more effective treatments--and maybe even a cure. NBC Universal Chairman and CEO Bob Wright and his wife Suzanne Wright became part of the fight...
Yahoo's trying--but Wall Street's not buying. Investors are not impressed with the web firm's management shake-up. Although Yahoo says the move is designed the make the company more productive, investors are punishing the company - pushing shares lower. Why is the market turning a deaf ear to Yahoo’s optimistic overtures?
Big money and politics now. The U.S. House of Representatives passed a bill today to spend some $1 billion on finding a cure for autism. The Senate is expected to pass the measure this week and send it on to President Bush. It's good news for advocates of autism research--but then again maybe not. Especially at this time of year.
U.S. Treasury Secretary Henry Paulson met with a number of CEOs from various industries in preparation for his trip to China next week. Myron Brilliant of the U.S. Chamber of Congress was there – and he was on “Street Signs” with Erin Burnett to talk about it.
Lance Lee – CEO of Oneshare.com – was on "Street Signs" with Erin Burnett this afternoon. His company sells individual shares of a company – mainly as gifts from adults to children – complete with stock certificate, customized frames and engraved personalized messages. He says he started the company first because of the demand for a single share of...
Out of the frying pan: Today’s ban of trans-fats by New York City’s Board of Health was a perfect example of just how tension-filled the breaking news process can be. Producer Carol Berman kept us apprised via Blackberry of the agenda, and told us as soon as the vote to approve the ban passed.
So, it took the torpedoeing of torcetrapib to get new Pfizer CEO Jeff Kindler to finally talk to us. He came on "Power Lunch" today for his first TV interview since taking the helm more than four months ago. A former litigator, he is media savvy, telegenic and a smooth-talker. I don't know why he didn't come on before he was put in the position of serious crisis management with a major hole to fill in the company's drug pipeline and about a ten percent decline in the stock price.
The holiday spirit may have been evident for those storming retail outlets over the weekend--but the same is decidedly NOT true for stocks. They are suffering through their worst day in at least 4 and 1/2 months.
Three weeks left until Christmas, and the pressure is on to put together a wish list for that favorite "techie." But what tech toys should be on your radar screen? On today's "Street Signs", CNBC’s Erin Burnett asked John Dvorak--technology columnist from Marketwatch
Ruth's Chris Steak House became Ruth's Chris Steak House--after Ruth Fertal bought Chris Steak House in New Orleans, Louisiana. That was in 1965 and she paid $22,000 for the restaurant (she combined the names). Now--the high end eatery has 100 locations around the world. And it seems the steak business is sizzling. The stock was up about 2 percent today.
Despite the fine weather in much of the nation--America's largest retailer can't seem to get out from under a dark cloud. On Closing Bell--CNBC's Liz Claman finds out why.
It's not only retailers who are closely watching Holiday receipts. Mall owners are keenly interested too. Their bottom lines depend on it.On today's Street Signs--CNBC's Erin Burnett spoke with two men who know the truth about the Holiday shopping season...the chiefs of two of the largest mall companies in the nation.
We've been reporting--that the U.S. dollar continues to drop – it’s down 2% against the Euro just this past week. This isn’t a short-term decline as far as one strategist is concerned.
Are you keeping up with Wall Street? You may be one of the nervous investors this afternoon--as the major market indexes dropped in earlier trading. So-what's pushing the markets down?