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Economist and former member of the Bank of England's Monetary Policy Committee, Adam Posen said while outgoing governor Mervyn King will be remembered as being a great public servant, he made a series of misjudgements.
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Discussing General Motors' weakness in Europe and its Q4 earnings results, with Steven Rattner, former U.S. Treasury auto advisor.
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European markets come off lows after good U.S. economic data. Unemployment in Portugal jumps to 14 percent in Q4. French yields fall below 1 percent at 2-year note sale. Greece's far right Laos Party reportedly won't commit to austerity measures. Polls show 40 percent of Greeks support anti-austerity leftist parties. Greece says it hopes to wrap up bailout agreement by Monday. With Art Nolan, independent trader.
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CNBC's Phil LeBeau has the story on General Motors posting weaker than expected Q4 earnings. The automaker blames a bad situation overseas, he reports.
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Overall through the entire year the company has made progress but there is more work to do in Europe and South America, says Daniel Ammann, General Motors CFO, who adds, "The company has more work to do all across the company to get to the efficiency we want." Ammann says the company is working aggressively to get the business back to profitability.
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Greece is being rewarded for failing to live up to its commitments and every time they fail to do so, they get more concessions out of the EU or private sector lenders, says Wilbur Ross, RL Ross & Co.
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U.S. stock index futures were signaling a lower open for Wall Street on Thursday after closing down the previous session, with the Dow logging its sharpest decline this year and ahead of a string of economic data. European stocks were down as well, while the euro hit a three-week low on worries about a possible delay of a second bailout for Greece.
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US futures point to a flat open for Wall Street. European shares opened lower on Thursday, with investor sentiment hit by further hurdles in the Greek bailout deal and by the prospects of more ratings downgrades for the region's financial institutions. Asian shares fell sharply reversing the previous day's rally.
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CNBC's Simon Hobbs has the latest details on Greece's debt problems and when to expect some resolution.
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A major battle is brewing between Cisco and Microsoft. CNBC's Jon Fortt has the details.
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Uncertainty about Greece's bailout package pushed the euro to its lowest level in more than a week. Marc Chandler, Brown Brothers Harriman, discusses the likely direction of the euro against the U.S. dollar.
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An update on options activity in Apple, with Brian Stutland, Fast money trader. Also, is the S&P 500 headed back to 1265? Jeff Kilburg, Treasury Curve senior director, discusses a potential pullback in stocks, amid uncertainty in Europe.
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CNBC's Jon Fortt has the latest details on Cisco suing in Europe to stop Microsoft's acquisition of Skype.
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CNBC's Mandy Drury looks at the U.S. markets, which are mixed after a positive start. Shares of Yahoo are lower after talks with Alibaba break off. Zynga is also lower after the company warns of a booking slowdown. Apple is up again for the ninth consecutive say. And Kellog's is up after agreeing to acquire Pringles from P&G.
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European shares pare early gains on reports of possible delay in Greek bailout. Bank stocks are mostly higher, though off the day's best levels. Bank of England raises 2-year inflation forecast to a higher than expected 1.8 percent. Italy slides back in recession as economy contracts .7 percent in Q4. German economy shrinks less than expected to .2 percent in Q4.
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A look at the highs in oil on rumors that Iran will halt crude exports to six European countries, with Gary Kozlowski, United Futures Trading Company senior commodity broker.
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Analysis on the euro and where its headed next, with Todd Gordon, Aspen Trading Group.
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Weighing in on why confidence has been instilled in the system from the ECB, with Ronald Spogli, former U.S. Ambassador To Italy & San Marino (2005-2009).
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CNBC's Phil LeBeau has the story on the uncertainty in Europe could have on business travel. A sever recession in Europe could reduce business travel spending by $88 billion, according to the Global Business Travel Association.
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U.S. stock index futures pointed to a sharply higher open for Wall Street, as European shares rallied on the back of economic data that was not as bad as expected. Germany's gross domestic product shrank by less than expected, while the euro zone economy shrank but a north-south divide was evident as France grew while Italy contracted. Banks were leading European stocks up, after BNP Paribas hit its earnings targets and said it saw positive signs for the year.
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US Futures point to a higher open for Wall Street after a mixed trading session yesterday. European stocks rose on Wednesday following better-than-feared GDP figures for Germany and France, and as debt-stricken Greece appeared to be nearing a political consensus on painful budget cuts. In Asia markets rose on Greece while comments from China's central bank governor saying Beijing would continue to invest in euro zone government debt aided sentiment.
Europe Video
What should investors do with equity markets at record highs? Here is a recap of trade tips from today.
Wednesday, 19 Jun 2013 | 5:50 AM ETScott Schneeberger, senior analyst at Oppenheimer, discusses Fedex ahead of quarterly results and highlights that guidance on fiscal 2014 will be the main interest for investors.
Wednesday, 19 Jun 2013 | 5:21 AM ETAdam Posen, president of the Peterson Institute for International Economics, talks about Mervyn King's crisis management, where they disagreed and what's awaiting Mark Carney.
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