Page 102 - Lending Program News Today

Final hour of trade. the dow jones industrial average up 46 points after falling almost 40 in the final 15 minutes, the s&p 500 adding two and the nasdaq fractionially lower. a pretty quiet day as investors wait on the key euro zone summit at end of the week. then, around 3:00 banks started moving higher and a report from nikkei that the imf was considering a $600 billion lending program for the eu, but the rally fizzled when our own steve liesman shot down that report with firm denials from the...

with him. lets go to mark preston who joine joins us now from washington. cain ducked the topic during a speech last noit. do we expect him to say anything today? >> we do. this is something that will dog him along the campaign trail, don. something he has been battling for several weeks. several women come out and allege that he sexually harassed them during his tenure at the national restaurant association and now we have this new woman, ginger white coming out saying that she had an...

Im brian sullivan with your cnbc market wrap. modest losses as the third quarter gdp is revised down and there is a new enhanced lending program in europe. the dow jones industrial average dropped 53 points, s&p off 4 and the nasdaq giving up just 1 point. the commerce department says the economy grew a little slower than we had originally believed in the third quarter. they revised their gdp annualized growth estimate down to 2% from 2.5%. meantime, the imf beefing up its lending with asix-mont...

Downgrade its assessment of the countrys economy. that came out of the end of its two-day policy meeting today. but the bank of japan governor, just held a press conference a couple of minutes ago. he says he is confident japan will continue a moderate recovery and will overcome supply chain disruptions. the central bank also introduced a new 1 trillion yen or nearly $12 billion lending program, an emergency program, to aid banks hit by the quake. it will provide them with cheaper one-year loans...

Because lack of sales is making small business unworthy of cred credit. also with us todd mccracken president of the national small business association. great to see both of you. >> great to be here. >> bill, i want to start with you because there has been this debate going on in washington whether to pass this $30 billion lending program. im assuming you think there is no need for it. you say the banks already have the money. >> i think they do. im the chairman of the board of a small bank tha...

Talked to a senate force a few minutes ago who said we may need to scale that back, the $30 million lending program that democrats are advocating may be too large to get through the senate after this unemployment benefits extension. >> all right. cnbcs john harwood on the white house north lawn for us this morning. john, thank you. coming up, andreas one-on-one interview on the road with secretary of state hillary clinton. how can the u.s. convince pakistan to combat security threats against c...

The banks. federal government and taxpayers assumed all the risk. that was a sweet heart deal. the idea that government cant do anything efficiently is debatable. the direct lending program showed lower costs than the banks. >> what we have seen over time, neal, is that is costs more for a bureaucrat to do is job than somebody in the private sector. >> and if you had all the government subsidies through fannie and freddy and now student loans you will increase the cost. sad but true here, david,...

Because the jobless in this recession tend to stay u unemployed four times longer than in normal times. megyn: we may specialize in good news, but im looking for good news. do you have any silver lining for us? >> this is in the stayture of stats -- this is in the nature of statistics. the typical workweek has risen by an hour. the white house says the stimulus package is working. this morning president obamas top economist told stewart varney that her boss is supportive of small business he has...

So you saw the president live on cnn just moments ago speaking to senate leaders in washington at the museum and you heard the president talk about small businesses. he says they are big job creators. he wants to use bailout money to spur lending so lets talk with our personal finance editor gerri willis. hello, gerri. >> reporter: hey, don. >> how would this lending program be structured? >> reporter: its a little complicated but in a nutshell the program would offer cheap money to community ba...