Video: Maria Bartiromo's Market Message
Maria Bartiromo discusses Friday's top business and financial stories, and looks ahead to Monday's events.
(Watch her on-air on CNBC TV's Closing Bell.)
Topics discussed in video, above:
Washington Mutual : the biggest bank failure in history. JPMorgan Chase sells stock to help pay for WaMu unit purchase.
Pilgrim's Pride : The poultry company may need to seel assets to offset soaring feed costs. Will debt overwhelm the firm?
Oil prices. U.S. light, sweet crude slipped $1.13 to end Nymex trade at $106.89.
KB Home : The homebuilder's third-quarter loss quadruples, as inventory is stagnant and home prices drop. (But Jim Cramer thinks KB Home has a chance.)
The New York Times reports that Citigroup and Wachovia Bank are in "early" deal talks
Monday's earnings reports:
- Circuit City
Monday's personal income & spending report
University of Michigan's consumer sentiment index;
Commerce Dept. report: second-quarter U.S. GDP growth of 2.8 percent annualized rate; down from previous estimate of 3.3 percent.