Page 5 - Confidence Issue News Today

good evening, everyone. im erin burnett. "outfront" tonight, ooh-la-la. frances most powerful woman sticking her nose in americas business. it is sort of her job to do that. christine lagarde, head of the imf, had a doom and gloom message for washington today. >> economic recovery remains tepid, and downside risks have intensified. what we see is clearly a risk that confidence be eroded. >> and she didnt stop there. she took on president obama, too. in fact, she called his $3.8 trillio...

good evening, everyone. im erin burnett. "outfront" tonight, ooh-la-la. frances most powerful woman sticking her nose in americas business. it is sort of her job to do that. christine lagarde, head of the imf, had a doom and gloom message for washington today. >> economic recovery remains tepid, and downside risks have intensified. what we see is clearly a risk that confidence be eroded. >> and she didnt stop there. she took on president obama, too. in fact, she called his $3.8 trillio...

Confidence, those numbers are not great right now. what are the trends you guys look at to see where were going? >> i think we look at the confidence numbers and those dont reflect positively, but oddly enough, ill say it over and over again, the earnings numbers, ceos, their companies are not falling off a cliff the way youd expect them to. the question then becomes what are they doing with the earnings? and unfortunately theyre not turning around and hiring more people or investing in new, you...

on trial this week. we introduce you to the jury deciding conrad murrays fate right here, right now cnn. good evening. im don lemon. you are in the "cnn newsroom." president obama begins the new week on the west coast. his trip amounts to a political two-for. hes raising millions in campaign cash from big money donors and using his remarks to push for his jobs proposal. the president started in seattle a few hours ago. then he headed to northern california to tap the wallets in silic...

>> michael jacksons doctor goes on trial this week. we introduce you to the jury deciding conrad murrays fate. right here, right now on cnn. good evening, im don lemon. youre in the cnn newsroom. president obama begins the new week on the west coast. his trip amounts to a political twofer. hes raising millions in campaign cash from big-money donors and hes using his remarks to push for his jobs proposal. the president started in seattle a few hours ago and then he headed to northern ...

Between 4 percent and 6 percent and today was less with ftse down .7 percent and cac down 1.9 percent, and the daxs with down 1.8 percent. but, still, the banking shares, banking stocks are 2 1/2 year lows and there is not much optimism that is going to get better any time soon. on this side of the pond some say europe, and you mention it is a confidence issue, europe is not showing solidarity it should be. the greek bailout is proving to be more difficult to execute than planned with countries ...

of the turmoil on wall street has been triggered by fears over the european debt crisis and the anemic economies. and richard quest, one of the best people to turn to when we want perspective on the global economy. he joins us from london. what happened in the european markets today? >> reporter: the europeans went down initially and then down further and they rallied with wall street. we closed down 1% in london, and paris 1%, and frankfurt, once again the german market is being cream...

2007. it certainly would say that had that type of information been nope, i doubt that, seriously, she would not have participated in the event here. >> is that a problem for the white house? a lot of unemployed people to choose from. >> when you have ten million unemployed and you cannot find three that are clean, you have a confidence issue. can they shoot straight? that press conference happened, on the day of the shirley sherrod firing. and this is a group that wants to run national health c...

And his agriculture secretary of doing in this particular case but they did also reverse course rather quickly, too, and put this to bed. i mean, whats interesting is the difficulty is how much more can the administration do to focus on the economy? youll hear secretary geithner say on sunday as others have that right now its the private sectors role to really deal with the jobs issue, so the government can assist but the private sector has to lead the way. >> do they feel as if the private sect...

Chamber of commerce and their way of encouraging. no, no, no. this is your way of voting. >> theres a couple of things. theres still a confidence issue. you look at the fed chief saying essentially i dont know what its going to look like here. is it a double dip recession? i dont know. >> that didnt help. larry summers agreed with him. >> right, secretary geithner does not agree with that per se. a lot of ceos dont agree with that either. they dont think theres another dip coming. but you also h...