Authorities shut down an important deep-water Amazon River port owned by Cargill on Saturday, saying the huge U.S. agribusiness firm failed to provide an environmental impact statement required by law.
That hour of sleep you lost this weekend thankfully was not over the stock market's performance last week. After starting Monday on the edge of what could have been an ugly precipice, Wall Street by Friday recovered some of its losses and a good deal of confidence.
At a mega fuel depot for tanker trucks, President Bush talked up a new ethanol agreement with Brazil Friday as way to boost alternative fuels production across the Americas.
CNBC’s Eric Bolling told “Morning Call” that President Bush’s trip to Brazil to discuss ethanol may be a warning to Venezuela’s Hugo Chavez--a fierce critic of the United States--and who has nationalized some of his nation's economy.
Stocks are hesitant ahead of the jobs data, which will be a key driver of direction today. Asian markets were mostly higher while European markets are lower this morning.
Rob Lutts, founder and Chief Investment Officer of Cabot Money Management, told CNBC’s “Squawk on the Street” that there are solid investment opportunities in China, India, Brazil and Russia. “The middle class [in these countries] is just evolving,” Lutts said. “Hundreds of millions of people over the next ten years are going to go from earning $500 a year to $5,000...