Earnings and Price

Its one of the things that sets our economic system apart from others: our perfection of the pricing mechanism. why its so surprising to see this current administration go back to wage controls, the price of labor. And well hear from one CEO who thinks it isnt a great idea. Plus, Earnings season is underway & well look at some of the results.

Episode Segments:

Earnings Season Earnings season is underway, and the results are coming fast and furious. This week has seen a record high price by Apple Computer as their earnings beat Wall Street expectations. Microsoft, American Express and Amazon all beat expectations.. Next we hear from John Fleming at Walmart explaining how the giant retailer is expected to do during the upcoming all-important holliday shopping season. And finally we hear from Alan Blinder, former Vice Chairman of the Federal Reserve give us his read on the economy.
Embed Code
The Price Point Its all about price. Its one of the things that sets our economic system apart from others: our perfection of the pricing mechanism. Every where you look, economic decisions in this country are made on the basis of price. Thats why its so surprising to see this current administration go back to wage controls.What are the implications for the market? Lloyd Blankfien, CEO of Goldman Sachs explains why he thinks its a bad idea.
Embed Code
Too Important To Fail Mervyn King, Governor of the Bank of England discusses the problems of the too big to fail, and what the ramification of too much leverage were to the financial crisis. Finally we wrap up with a look at next weeks economic calandar.
Embed Code