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Mar 16, 2010

CNBC : Evening Brief , March 16th, 2010


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FInancial Times: Gobal Economy, March 16th, 2010

From WORLD 8:23pm

Fed signals optimism over US economy

Federal Reserve Agence,France-Presse

Central bank sees some reason for cheer

MarketWatch : Finance Daily, March 16th,2010

Personal Finance Daily
MARCH 16, 2010

Tuesday's Personal Finance stories

By MarketWatch

Don't miss these top stories:

A new survey finds a hefty percentage of workers saying they're ready to stick with their current employer for the rest of their careers, and an equally large group saying they're happy to have only two or three employers over their lifetime. But in the current economic climate, who's surprised that our nation of free agents -- those who used to leapfrog to new and better jobs every six or 12 months -- has taken a 180-degree turn, back to the good old days of the "company man?" Among those gainfully employed, who isn't really rather thrilled to be so?

When the labor market returns to something closer to its former self, those free agents will dive back in. In the meantime, millions upon millions of people are on the job hunt. Might working mothers have some valuable tips to offer? Given their experience dealing with major résumé gaps, the answer is yes. Read Ruth Mantell's Diary of a Recession Baby today for tips from moms on how to handle a long-term period of unemployment.

Does our newfound willingness to stick with one employer herald the return of the company pension? If only...

-- Andrea Coombes , Personal Finance editor


Recession spurs some to stick with jobs for life

Say goodbye to free-agent nation. The recession is driving more American workers to become workplace "nesters," sheltering from the storm that is now the job market by staying with the same employer for as long as possible, according to a study released Tuesday by consulting firm Towers Watson.
See story on how recession has spurred some to stick with jobs for life.

Working mothers' tips for job seekers

Generations of working mothers have had to learn how to stay professionally relevant and avoid income shocks despite the résumé gaps that can come along with a new baby. With millions of jobs lost since the recession began, and fierce competition for open spots, mothers may be in a great position to offer some needed advice.
See Diary of a Recession Baby.

Before the interview, Google yourself

The idea that employers perform Internet searches on job candidates is nothing new -- and the frequency of these searches is climbing. Some experts report that up to 85% of hiring managers "Google" a candidate before or after an interview.
See story on tips to find a new job.

How to nail the interview

Job prospects are starting to look up for college and M.B.A. graduates, but they still face a tough climate when it comes to the interview itself.
See story on how to nail a job interview.


Now's the time to refinance and pay off debt

The Fed is leaving rates unchanged, but that means they'll eventually go up and markedly so, according to Greg McBride of, who advises refinancing to fixed-rates loans and investing in shorter-term instruments. Kelsey Hubbard reports.
 Watch Video Report.

Low-cost broadband Internet for all?

Stacey Delo and the Digits panel discuss the winners and losers from an FCC proposal to bring cheap broadband Internet to 100 million American homes by 2020.
 Watch Digits.


Fed stands pat on rates, key wording

The Federal Reserve kept its benchmark interest rate at a record low level Tuesday and made no changes to the key "extended period" policy pledge, a signal that it believes the economy still needs support to get to a sustainable path.
See The Fed.

Regulatory pressure on banks may be helping hedge funds

Regulatory pressure on big U.S. banks may be helping independent hedge-fund firms recruit more traders.
See story on hedge funds.


Stumbling block for financial reform: Investors

As members of the Senate Banking Committee discuss a massive new proposal to rewrite the rules of capitalism, it is becoming increasingly clear that a series of shareholder empowerment measures wrapped in the legislation have become a central point of disagreement and a key stumbling block for its passage.
See Capitol Report.

Commentary: Citi thumbs nose at reform

Maybe this is how Citigroup Inc. Chief Executive Vikram Pandit plans to return the bank to profitability.
See MarketWatch First Take.

Commentary: Dodd's reform effort seems built for his legacy

Here's one way of looking at Sen. Christopher Dodd's financial reform bill: if Wall Street hates it, it can't be all bad.
See David Weidner's Writing on the Wall.


Commentary: Health-care reform math doesn't add up

When it comes to the president's health care legislation, the numbers simply don't add up. There is no doubt that the cost of health care is rising at an unsustainable rate. There is also general agreement that there are some abuses that must be dealt with.
See Irwin Kellner.

Backers and opponents of health-care reform turn up the pressure

Interest groups from across the political spectrum are mounting a full-court press this week to support or sink the health-care bill, as President Barack Obama's signature legislative issue heads for a final vote on Capitol Hill.
See story on health-care overhaul.


Fed will exit mortgage market soon

The central bank is nearly done buying more than $1 trillion in mortgage-related debt. Jim Barnes at National Penn Investors Trust discusses what this means for the bond market and also for home buyers. Deborah Levine reports.
 Watch Video Report.

Housing starts drop almost 6%

U.S. housing starts fell about 5.9% to a seasonally adjusted annual rate of 575,000 in February as several massive snow storms hit the East and South and stalled home building, according to data released Tuesday by the Commerce Department.
See Economic Report.


Fed funds futures no crystal ball on rate hikes

Fed funds futures are often used as a window into when institutional investors expect the Federal Reserve to hike rates. But this little-understood market has weaknesses as a predictive tool, say traders.
See Credit Markets.

How to invest in fed funds futures

The avenues for investors to make bets on the direction of the Federal Reserve's interest rates are increasing as more retail investors and day traders get involved in futures, analysts say.
See story on investing in fed funds futures.

Commentary: It's called March Madness for a reason

Don't do it! If you're a big fan of college basketball, think twice -- even thrice -- before making any changes to your portfolio over the next couple of weeks. Why?
See Mark Hulbert.

Fund managers move towards U.S., away from Europe

Fund managers around the globe prefer to take their chances with corporate risk in the U.S. and Japan, rather than chance sovereign risk with Europe, according to the latest B. of A. Merrill Lynch survey of fund managers for March.
See story on how fund managers are moving towards U.S., away from Europe.

Profits will sustain market gains

Wall Street will remain on an upward trajectory this year, says Bill Stone, the chief investment strategist at PNC Wealth Management.
 Listen to Radio Report on how corporate profits will sustain market gains.

'Wall Street' sequel is an omen of U.S. collapse

Yes, Oliver Stone is suddenly America's hottest market timer, as well as the voice of the inner "American Soul," warning investors of a collapse. Remember the Crash of 1987? One-day 23% drop. Happened just before his 1987 "Wall Street" film hit the theaters.
See Paul B. Farrell.

Reuters Daily Investors Update-DAI-: Fed renews vow to keep rates low, March 16th, 2010

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Good evening Fernando, TUE 16 Mar 2010 
Fed renews vow to keep rates low
Wall St hits fresh 17-month high after Fed
Bad weather depresses housing starts in February
FCC backs plan to speed up Internet
Tax cuts for wealthy should expire: panel chair
Senate bill would penalize China over yuan
Senate panel seen approving financial reform
Canadian lawmakers grill Toyota execs on recall
Boeing sees modest growth in space over five years
Intel shares jump on talk of strong earnings

Fed renews vow to keep rates low
March 16, 2010 04:01 PM ET
WASHINGTON (Reuters) - The Federal Reserve renewed its pledge on Tuesday to keep interest rates near zero for an "extended period" even as it sounded more upbeat about jobs.

Full Article
Wall St hits fresh 17-month high after Fed
March 16, 2010 04:30 PM ET
NEW YORK (Reuters) - Stocks rose to a fresh 17-month high on Tuesday after the Federal Reserve held benchmark rates near zero and maintained its pledge to keep them low for an extended period.

Full Article
Bad weather depresses housing starts in February
March 16, 2010 03:17 PM ET
WASHINGTON (Reuters) - U.S. housing starts fell last month as winter storms disrupted construction, and another drop in building permits suggested the weakness would linger.

Full Article
FCC backs plan to speed up Internet
March 16, 2010 04:28 PM ET
WASHINGTON (Reuters) - Communications regulators submitted to Congress a national broadband plan that aims to expand access, increase Internet speeds and shift airwaves to mobile services.

Full Article
Tax cuts for wealthy should expire: panel chair
March 16, 2010 04:25 PM ET
WASHINGTON (Reuters) - Most House Democrats back President Barack Obama's plan to let tax cuts for the wealthy expire this year, though the proposal will face a battle in the Senate, the acting chief of the tax-writing panel in the House of Representatives said on Tuesday.

Full Article
Senate bill would penalize China over yuan
March 16, 2010 03:03 PM ET
WASHINGTON (Reuters) - Members of the U.S. Congress on Tuesday threatened Beijing with duties on some of its exports if it fails to revalue its currency, pressuring the Obama administration to label China a currency manipulator.

Full Article
Senate panel seen approving financial reform
March 16, 2010 03:53 PM ET
WASHINGTON (Reuters) - The new financial reform bill introduced in the Senate will likely be approved at the committee level next week, but its shape could change substantially once it comes before the full Senate and winning Republican support comes into play, analysts said on Tuesday.

Full Article
Canadian lawmakers grill Toyota execs on recall
March 16, 2010 04:13 PM ET
TORONTO (Reuters) - Canadian lawmakers accused Toyota Motor Corp executives on Tuesday of waiting too long to inform the government of problems with faulty accelerators in some of the company's vehicles.

Full Article
Boeing sees modest growth in space over five years
March 16, 2010 02:52 PM ET
WASHINGTON (Reuters) - Boeing Co said on Tuesday it expects only modest growth in its space revenues over the next five years with commercial orders seen accounting for a growing share as government orders decline.

Full Article
Intel shares jump on talk of strong earnings
March 16, 2010 02:35 PM ET
SAN FRANCISCO (Reuters) - Intel Corp shares jumped 4 percent on Tuesday on speculation that the world's top chip maker is preparing to release a positive estimate of its current-quarter earnings.

Full Article