cnbc.com – Art Cashin, UBS Financial Services director of floor operations, offered CNBC his insights of the US dollar, which fell to a five-month low against a basket of currencies, despite this week’s successful Treasurys auctions. “We need to fund a huge, huge deficit. And we need cooperation from outside [the U.S.] to do it.” [...]
Released on 5/29/2009 8:30:00 AM For Q1:09
Previous
Consensus
Consensus Range
Actual
Real GDP – Q/Q change – SAAR
-6.1 %
-5.5 %
-6.4 % to -5.1 %
-5.7 %
GDP price index – Q/Q change – SAAR
2.9 %
2.9 %
2.8 % to 2.9 %
2.8 %
Highlights
First quarter GDP was revised up moderately as the Commerce Department’s first revision bumped up the quarter’s growth rate to a 5.7 percent annualized decline from the initial estimate of a 6.2 percent contraction. The [...]
Cramer says – Sprint (S) is a speculative play and they only have Palm Pre exclusivity for 6 months. Boeing (BA) will be a big 2010 story. Likes Colgate more than Proctor & Ganble
cnbc.com – GM said Thursday it reached a deal with some major bondholders that would give them a bigger stake in a reorganized automaker and could pave the way for a fast-track bankruptcy backed by the U.S. Treasury.
The announcement was the clearest indication yet that GM, the No. 1 U.S. automaker, is close to filing [...]
May 28 (Bloomberg) — Orders for U.S. durable goods hovered near the lowest level in 13 years in April as demand for business equipment weakened, indicating that investment will be one of the last areas of the economy to recover. Orders rose 1.9 percent from the previous month after a revised 2.1 percent drop [...]
Cramer is skeptical over China solar companies and backs First Solar (FSLR).
Cramer likes: Proctor & Gamble (PNG)
Cramer suggest to replace GM with Apple (APPL) on the DOW.
Bank of America raises $26B as a part of its capital raising plan, reports CNBC’s David Faber.
May 27 (Bloomberg) — Home resales in the U.S. gained in April as foreclosure auctions and improved affordability spurred bargain hunters. Purchases increased 2.9 percent to an annual rate of 4.68 million, close to forecasts, from 4.55 million in March, the National Association of Realtors said today in Washington. The median price slumped 15 [...]
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