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KNX Business Hour 07.09.2009
Banking stocks come into focus on over a government lawsuit against a swiss banking giant and a major restructuring at Citigroup. GM is set to pull out of the bankrtupcy garage. Oil moves slightly higher for the first time in seven trading session after m
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KNX Business Hour 07.08.2009
Stocks end the day mixed ahead of the start of earnings season. After the closing bell, aluminum giant Alcoa kicked off the parade of earnings results by reporting a loss that was less than what Wall Street analysts expected. The price of oil takes a tumb
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KNX Business Hour 07.06.2009
Stocks come under pressure on concerns about when the global recession will end. The sell off ahead of the three day holiday weekend on the disappointing June jobs report continued after the opening bell. But in the final hour of trading, money moving int
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KNX Business Hour 07.03.2009
State budget deadlock continues. Guests Dan Walters, political columnist Sacramento Bee, LA Council member Bernard Parks, Alex Hall, CEO Airship Ventures, and Suzy Welch, author "10 10 10."
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KNX Business Hour 07.02.2009
Stocks move sharply lower on news that employers cut nearly half a million more jobs in June and America's unemployment rate has hit a 26 year high of 9.6. A computer glitch at the New York Stock Exchange delays the closing bell for 15 minutes! The major
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KNX Business Hour 07.01.2009
Stocks kick off the 3rd quarter of 2009 with gains. A mixed bag of mostly upbeat news on the economy helped propel the market higher a day after the S and P 500 posted its best quarterly showing in ten years. The state budget crisis worsens. Citigroup is
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KNX Business Hour 06.30.2009
Stocks see their best three month performance in about eleven years. The major averages wrap up the second quarter of 2009 with double digit gains. The latest consumer confidence reading comes up short of expectations. The latest S&P Case Schiller Index s
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KNX Business Hour 06.29.2009
A federal judge throws the book at Bernard Madoff. Madoff is sentenced to 150 years in federal prison for committing the largest fraud in Wall Street history. The sentencing comes after judge Friday ordered him to forfeit 170 Billion dollars! Coverage inc
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KNX Business Hour 06.26.2009
Stocks end the day and the week mixed. The latest budget plan falls short in Sacramento. Governor Arnold Schwazenegger speaks to KNX about the state budget battle in an exclusive interview with Frank Mottek and KNX Correspondent Charles Feldman. Additiona
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KNX Business Hour 06.24.2009
Stocks finish the day mixed after the fed's decision to hold the line on short term interest rates and a statement which said the economy's rate of decline appears to be slowing. Billionaire investor Warren Buffett tells CNBC, in his view, the economy is
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KNX Business Hour 06.23.2009
Stocks move sideways as Fed Chairman Ben Bernanke and other fed policy makers begin a two day meeting that will wrap up tomorrow with a statement on the economy and a decision on short term interest rates. Oil moves higher as the dollar moves lower overse
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KNX Business Hour 06.22.2009
Stocks see their worst one day tumble in a couple of months as the world bank revises its economic growth forecast downward. The price of oil takes a nearly three dollar tumble to just below 67 dollars a barrel. Mayor VIllaraigosa announces he's not runni
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KNX Business Hour 06.18.2009
The Dow and S and P 500 snap a three day losing streak on some more encouraging signs the recession is bottoming out. New readings on Southern California real estate sales and prices are released by Dataquick. Guests include Hugh Johnson, Chief Investment
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KNX Business Hour 06.16.2009
Stocks pull back for the second day in a row on a mixed bag of economic news and a weaker dollar. President Obama is set to announce new proposals to regulate the financial industry tomorrow. The new UCLA Anderson Forecast is released. Guests include ArtH
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