Analyst Watch: BP Hearing, Natural Resources
Stock index futures rose Thursday after a successful bond auction in Spain helped quell fears about European debt contagion.
The market is awaiting reports on inflation and jobless claims and the Conference Board’s index of leading economic indicators, which will give investors a gauge of the outlook for growth in the United States.
Here's what guests on today's Squawk on the Street were watching before the opening bell:
BP Hearing on Capitol Hill
BP CEO Tony Hayward testifies at the House Energy and Commerce Subcommittee beginning at 10am ET (watch it live and uninterrupted at squawkonthestreet.cnbc.com). What should he say, and is the focus going to be more on blame rather than solutions?
John Kilduff of Round Earth Capital Partners says Hayward needs to apologize to all concerned, take full responsibility and acknowledge the harm caused to the families of the deceased, the coastal population and to shareholders.
Andy Busch of BMO Capital Markets, says Hayward needs to come out and state over and over that BP will do whatever is necessary to clean things up. He adds that Hayward needs to lead the charge for regulatory changes for deep-water drilling.
Natural resources are the real story behind the top performers in 2009 and should lead 2010-2011 as well, according to Natalie Pace, CEO and founder of Women's Investment Network.
Natural resources are the building materials of recovery and where companies and countries have to invest to make their products and retool their infrastructure.
- iShares MSCI Australia Index
- S&P Latin America 40 Index Fund
- iShares Emerging Markets Index
See more of what these and other analysts and money managers have to say, and get the latest financial news. Watch Squawk on the Street every weekday morning starting at 9 a.m. ET.
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