California in Crisis, Financial Breakdown, Economy, Meltdown, Financial Failure, Unemployment, Budget Deficit, Recession

California in Crisis - The world's eighth largest economy is on the brink. - CNBC’s takes an inside look at the financial breakdown and how it may threaten the entire US economy.

ABOUT THE SHOW

California is on the verge of an economic meltdown. The state, with the second highest foreclosure rate in the nation, is being hammered by the deep recession, rising unemployment and a growing multi-billion dollar budget deficit.

CNBC takes you inside California's economic crisis… speaking to government officials, CEOs, economists and traders. The ramifications of a financial failure here will affect the entire US economy as well as companies and investors worldwide. And, while California may be the biggest state in trouble, it isn't alone.

VIDEO GALLERY

Tudou Debuts on Nasdaq
Michael Clendenin, Managing Director at RedTech Advisors discusses Tudou's troubled debut at the Nasdaq
Assessing Tudou's US Debut
Eric Bleeker, Analyst at Motley Fool says Tudou's IPO, which debuted in the U.S. market, was a desperate move to generate more capital.
Stock Pops & Drops
The Fast Money traders take a look at today's biggest market movers.
Fast Money, August 15, 2011
CNBC's Melissa Lee and the Fast Money traders discuss the day's top trades and the stocks they'll be watching tomorrow.
Consumption Trends In China
Zhou Wei, CFO at Charm Communications Inc, discusses the market trends in China and how they impact the advertising industry.

Big Brother's iSpy

Is your iPad spying on you? A disturbing new report claims the new iPhone or iPad is tracking your every move. Weighing in on the pros and cons are George Spatz, McGuire Woods attorney; Brian Chen, Wired reporter; and CNBC's Simon Hobbs.

Right to Disappear Online?

The moment you put your personal data - or a photograph - on Facebook or Twitter - it instantly no longer belongs to you. But do you have the right to "disappear" online? CNBC's Simon Hobbs, and Carlos Moreira, Wisekey CEO discuss.

Forstmann on Investments Abroad
Wall Street legend Teddy Forstmann discusses investment opportunities abroad and more with the Strategy Session crew.

Positive Outlook for Advertising Industry

WPP, the world's top ad-firm by sales, is seeing signs of a recovery after months of declines. Martin Sorrell, chief executive of WPP, speaks with CNBC's Saijal Patel about the opportunities and challenges in China's 1.3 billion consumer market and the impact of the digital age on traditional advertising.

China's Realty Check
Land auctions in China have been blamed for sky rocketing home prices. CNBC's Maura Fogarty look at what the government is doing to curb speculation and lending.

Toyota Trying to Fix Its Image

Michael Dunne, president of Dunne & Company says nationalist sentiment runs strong in China and speculation is rife about the quality of Toyota's products. He adds that Toyoda's China visit shows that the automaker is worried about its image among Chinese consumers. He speaks to CNBC's Martin Soong, Sri Jegarajah, Kaori Enjoji and Karen Tso.

Between a Bull and a Bear

"The worst of the crisis is over," SÃ©bastien Lemonnier from Tocqueville Finance said Friday. "So for many people, it's easy to be bullish." He countered that it is also easy to be bearish with problems like Greece's debt coming to the fore. He sees valuations of the stock market as "fair" and "still attractive," as interest rates remain "slightly low."

Fixing California’s Fiscal Mess

California is being hammered by the deep recession and rising unemployment, and the state's budget deficit is not at $26 billion. California State Treasurer Bill Lockyer discusses the situation with the CNBC news team.

Feeling California’s Pain

California is proving to be the poster child for bad state finance, with Amanda Carpenter, Washington Times; Julie Bryant Fisher, Atlanta Business Chronicle; Catherine Reagor, Arizona Republic; and CNBC's Dennis Kneale.

Poster Boy for the Mortgage Crisis
The travails of a man caught in the middle of the crisis, with Terry Gilliam, California real estate owner and CNBC's Dennis Kneale.
California State Treasurer Bill Lockyer on the Crisis
Discussing the financial crisis in California, with Bill Lockyer, California State treasurer and CNBC's Maria Bartiromo.