Summer On The Street
Senior Field Producer
It's the second installment of our Summer on the Street series, where Maria will be hosting "Closing Bell"from the steps of Federal Hall.
With the Dow at 9,000, our market experts will weigh in on whether this rally has more room to run.
Our all stars include David Darst, Chief Investment Strategist at Morgan Stanley Smith Barney, Stephen Wood, Chief Market Strategist at Russell Investments, Phil Orlando, Chief Equity Market Strategist at Federated Investors and David Katz, Chief Investment Officer of Matrix Asset Advisors.
According to Rich Peterson of Standard and Poor's, there' is more than $4T sitting on the sidelines. Many institutional investors have yet to take part in this rally!
We'll track the money flows of hedge funds with Mary Ann Bartels of Banc of America Securities - Merrill Lynch and Jack McDonald of Conifer Securities.
We'll also have our eye on Washington. Labor Secretary Hilda Solis will join Maria in a CNBC exclusive interview and we'll talk about the federal minimum wage hike that takes effect today. Sec Solis will join Maria at 3:15pm ET and we'll ask her if this increase could prolong the recession.
Also on the Hill - The Financial Services Committee is holding its hearings with financial regulators on reform proposals. John Dugan, Comptroller of the Office of the Comptroller of the Currency joins us in a First on CNBC interview at 3:30pm ET to share his perspective on this and the administration's proposal to merge his agency with the Office of Thrift Supervision.
Intercontinental Hotels will ring the Closing Bell at the NYSE and its President of the Americas, Jim Abrahamson joins us as the hotel chain celebrates the 100th anniversary of rebranding the Holiday Inn hotels.
And if the weather holds up, Maria will wrap up the show in the Chevy Volt - a concept car that could recharge General Motors. So if you're in the area, stop by and be a part of Summer on the Street!
And a special treat from the "42nd Infantry Division Band of the New York Army National Guard". Thanks so much Officer Kimes for bringing your team down to Wall Street.
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