There's a slew of things pros on the Street believe that just don't seem to make a lot of sense.» Read More
So, during tough economic times, you'd think people drink their sorrows away. Apparently not so much. I was surprised to find that US beer sales were down an estimated 2.7 percent by volume for the first half of 2010.
So who's winning? The craft, microbrews, like the newly-public Kona Brewing . The CEO rolled on set this morning in flipflops and a Hawaiian shirt, straight off the plane from paradise. \(Seriously, he gets paid to drink beer and live in Hawaii—tough life but someone's gotta do it.\)
Earlier this week the U.S. Treasury released its Preliminary Report on Foreign Holdings of U.S. Securities.
This report contains the preliminary revised annual numbers from the Department of Treasury.
As Cardiff Garcia at the Financial Times Alphaville explains , these revised annual reports are generally thought to be more accurate than the monthly Treasury International Capital System \(TIC\) data.
"Goldman knows, even though it's a mighty company, it survives at the sufferance of the U.S. government," Steve Forbes said as my guest host on the show this morning.
"Apple Set to Unveil New iPad, With or Without Jobs" [Reuters via CNBC.com]
A batch of economic data this morning includes ADP National Employment Report [CNBC.com]and mortgage applications [Reuters via CNBC.com]
"It's a Mad, Mad, Mad, Mad-Off World" [CNBC's Jane Wells]
Whoa! Check out these overflowing water bills that cost as much as a mortgage payment [CNN]
If Steve-o Forbes can hang out with me for an hour from 5-6 in the morning, you can give me 5 seconds to skim the Cliffs Notes version of my show:
Rajat Gupta may be the most important businessman ever charged with a serious violation of securities laws.
The standard defendants in insider trading cases are low-level employees of corporations or Wall Street firms. Only very occasionally does anyone who has risen to the height of a Raj Rajaratnam—the founder of Galleon, and alleged co-conspirator of Gupta—get charged with serious violations.
Rajat Gupta, the business titan charged today with insider-trading by the SEC, was at the center of Wall Street—and the crimes he has been accused of committing allegedly occurred at the very heart of Wall Street as well.
Any time I speak with my contacts about jobs it always goes back to the small businessman. Being the driver of jobs, the health of small business is key to a growing U.S. economy.
Today Intuit released its monthly Small Business Employment Index which aggregates online employment data from approximately 60,000 small business employers that have less than 20 employees. I asked Susan Woodward, the economist who worked with Intuit to create the index on this month's highlights.
The insider trader charges against Rajat Gupta raise the question: if he leaked to Raj Rajaratnam about the Goldman-Berkshire Hathaway deal, what else might he have leaked?
Gupta ran McKinsey & Co, one of the top advisors to corporate America, from 1994 to 2003. That position gave him almost unlimited access to inside information. Could Gupta have been leaking back then?
CNBC's Patti Domm and Jeff Cox discuss the jobs report and the current dilemma of long-term unemployment.
CNBC's Patti Domm and Jeff Cox discuss the recent GDP numbers and what factors have been affecting it.
Investors give and investors take away, and nowhere has that been more true lately than in value stocks.
There's a slew of things pros on the Street believe that just don't seem to make a lot of sense.
Wall Streeters traded their Bloomberg terminals for guitars and sunglasses to rock out for a good cause this week.
The market is acting as if the mid-October swoon never happened, despite a general sense of caution on Wall Street.