Patti Domm is CNBC executive news editor, responsible for news coverage of the markets and economy. Prior to joining CNBC in 1999 as senior news editor, Domm was the equities editor for the Americas at Reuters. She was also Wall Street editor at Reuters, reporting on mergers, acquisitions and the Street. She also edited three CNBC books on personal investing. Domm serves on the board of the Financial Womens Association of New York.
J.P. Morgan and Co equities strategists are cutting their 2008 outlook for the market and having earnings outlooks, but they still see upside for some sectors, particularly financials and energy.
Gloom and doom greets the February employment report Friday. There's not much optimism around that report, which is released at 8:30 a.m. Estimates range from a slight increase in jobs to a slight decrease. Lehman expects job growth of 15,000, after January's 17,000 loss.
Inflation worries are again gnawing at stocks. That sent gold and oil racing to new highs as the greenback hit new lows. The resulting concern about inflation promises to be a topic on investors' minds Thursday as they await rate decisions from the Bank of England and the European Central Bank, ahead of the U.S. open.
Water. It's the commodity that nobody can live without. More than half the world is depleting its groundwater faster than it's being replaced. That's why it's a favorite investment idea of Ewen Cameron Watt, chairman of BlackRock's Central Strategy Group.
The banking industry, a source of pain for the markets since the credit crunch began, is center stage in today's trading. Citigroup shares this morning are getting whacked after Merrill Lynch slashed earnings estimates and said Citi could take another big writedown.
Patti Domm is CNBC Executive Editor, News, responsible for news coverage of the markets and economy.
A CNBC reporter since 1990, Bob Pisani covers Wall Street from the floor of the New York Stock Exchange.
CNBC Senior Commodities Correspondent and Personal Finance Correspondent
JeeYeon Park is a writer for CNBC.com. Follow her on Twitter: @JeeYeonParkCNBC
Rick Santelli joined CNBC Business News as an on-air editor in 1999, reporting live from the floor of the Chicago Board of Trade.
Senior Producer at CNBC's Breaking News Desk.