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.
Concern about the price the U.S. could pay to rescue the financial system is crushing the dollar and raises questions about whether the government could ultimately intervene to prop it up.
The U.S. Treasury and Federal Reserve have pulled out their financial jumper cables, but it's the details that will determine whether their massive bailout plan will recharge the markets and economy. In the week ahead, the markets will focus on how the multi-leveled rescue package is taking shape in Washington.
Where there was dread, there's now a ray of hope: At least that's how some traders were talking at the end of the day Thursday, after the stock market rocketed 300 points in the final hour, the mirror opposite of Wednesday's frightening performance. Going into Friday, traders say there may be some positive follow-through, based on the course of news from Washington overnight.
Traders increased bets that OPEC will cut production when it meets on Thanksgiving Day.
Despite strong data on housing and from the Philadelphia Fed, the bond market was largely nonchalant. Blame Alibaba.
Republican efforts to limit the power of the Fed should gain traction in 2015.
How weak can the yen get? Forecasters are lowering their already bearish targets after the new disappointing economic data.
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's Senior 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.