China's stock market drop send jitters around the globe. Here's why investors should be very worried about the country's future, says Steven Kopits.» Read More
Do you feel lucky? That's the question posed by Jeffrey Pasquarella's brainchild: BetOnIraq.com -- a Web site he founded to give brave investors the chance to buy Iraq's young currency. Pasquarella told CNBC's Erin Burnett that 4,000 customers have used the site's foreign exchange service over the past three years, with the "average customer".......
President Bush will give the State of The Union speech next Tuesday night to both Houses of Congress--and the American people--and he does at at time when he has one of the lowest approval ratings of his presidency. So--what can he say at such a time? CNBC's John Harwood appeared on "Squawk Box" to give his preview of the speech--and he was joined in commentary with former GE CEO Jack Welch...
Stocks in the U.S. look set for a weaker opening, influenced by touchy tech stocks, earnings, and the big decline in oil. Dow components GE and Citigroup both reported earnings early today. GE's 12 percent increase was in line with expectations and Citigroup's lower profits were a bit better than Wall Street expected. Citigroup also raised its dividend by 10 percent.
As President Bush prepares to send over 20,000 more U.S. troops to Iraq, one question being asked is--will the escalation jumpstart the country’s oil industry? The question centers on Iraq’s vital oil trade stabilizing in the midst of a bloody war. On “Street Signs,” two guests talked about the Iraq oil situation--Michael Makovsky of the Bipartisan Policy Center and David Kirsch of PFC Energy.
He's running--sort of. U.S. Sen. Barack Obama (D-IL) is a major step closer to actually running for the presidential nomination of his party. Obama announced in high-tech fashion (on his personal Web site) that he's formed an exploratory committee to run for the top spot on the presidential ticket in 2008.
Today, additional U.S. troops are heading to Iraq as a part of the President’s plan to increase armed forces on the ground. A large percentage of the 21,500 additional service men and women will be stationed in Baghdad to help fight insurgents. Asked how long that buildup might last, Defense Secretary Robert Gates said...
President Bush addresses the nation tonight at 9 pm to explain his new plan for Iraq, which includes a surge in the number of Americans on the ground. Key Democrats including Ted Kennedy fiercely oppose the Bush plan and are threatening action. On today’s "Power Lunch" CNBC’s Bill Griffeth examined whether this is the end of bi-partisan cooperation we’ve been hearing so much about – and if a huge power clash between the Democrats and the GOP is about to get underway.
Rates Go Up, Mortgage Apps Go Down: From the “scheduled breaking news” department - the Mortgage Bankers Association releases its weekly report on mortgage applications every Wednesday Morning at 7 am. I usually have it ready right at 7 am for use on air - as we did this morning. We posted the numbers earlier--mortgage apps fell 10.2% as the average 30-year fixed mortgage rate rose to 6.10% from 6.02% the prior week.
Liz Claman got reaction to President George W. Bush’s press conference this morning. CNBC Washington correspondent John Harwood, CNBC economy reporter Steve Liesman and Corvis Communications Budget Analyst Stan Collender all gave their take on what the president’s intentions mean for the U.S. going forward--abroad and at home.
At an end-of-the-year news conference, President Bush outlined his outlook for Iraq. The president said he has asked Defense Secretary Robert Gates to report back to him as quickly as possible on plans to enlarge the size of the Army and the Marines.
The outspoken Beltway observer gives CNBC’s John Harwood her take on the politics of 2007.
The results of the latest NBC/Wall Street Journal poll measuring President George W. Bush’s approval rating were released today – and the numbers aren’t good for Bush 43. Confidence in the commander in chief is at its lowest point in the six years he’s held office. Only 34% of those polled think the president is doing a good job....
President George W. Bush and British Prime Minister Tony Blair held a press conference in Washington, D.C., today after discussing the recommendations of the Iraq Study Group. CNBC's John Harwood was there. Here are a few major points from the presser.
The Iraq Study Group will bring its long awaited recommendations to President Bush on Wednesday--but it remains to be seen just how closely the Bush administration will adhere to its proposals. On CNBC’s “Power Lunch” --Bill Griffeth discussed the group with Michael Duffy, Time magazine’s Washington Bureau Chief and John Harwood--CNBC Chief Washington Correspondent.