Fast & Furious: It's All About Soup
Obama's Economic Team:
President-elect Obama will announce his entire economic team on Monday including his pick of Timothy Geithner as Treasury Secretary. Guy Adami joked that with Pete Najarian not in today, and if Jeff Macke doesn't make it on Monday that Obama will have two of the guys he is looking for.
The soup maker reports earnings before the bell on Monday. Macke made a mention of the "return of the soup kitchen depression era" in what might be good for sales at Campbell's.
On Tuesday we'll get a reading on the state of the economy with a revision of third quarter GDP. Economists are expecting the Q3 number to remain at -0.3% but are predicting grim results for fourth quarter GDP. Zachary Karabell says don't be shocked with all the bad economic reports that will surface in the next six weeks. Many of these are from September and October and will reflect the freeze that took hold during those months.