Network News

X My Profile
View More Activity
2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

Markets Closed Today for Good Friday

The Wall Street markets are closed today in observance of Good Friday.

In Washington, President Obama is summoning his top economic advisers and agency heads to the White House, and an update on the economy from the president is expected soon.

At the White House today are Treasury Secretary Tim Geithner, Fed Chairman Ben Bernanke, FDIC Chairwoman Sheila Bair, SEC Chairwoman Mary Schapiro and Comptroller of the Currency John Dugan.

Some believe the economy is beginning to show signs of recovery, following yesterday's news that Wells Fargo expects to report record first-quarter profits later this month and the conclusion of another positive trading week in the markets.

Others, however, point to low confidence expressed by the nation's chief executives and still-rising unemployment to suggest the crisis bottom has not been hit.

-- Frank Ahrens
Sign up to get The Ticker on Twitter

By Frank Ahrens  |  April 10, 2009; 9:46 AM ET
Categories:  The Ticker  | Tags: Obama, Tim Geithner, economy  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz   Previous: Obama Buys 17,600 Detroit-Made Vehicles
Next: Economists: Recession to End This Year, But Unemployment Will Hit Nearly 10%

No comments have been posted to this entry.

The comments to this entry are closed.

 
 
RSS Feed
Subscribe to The Post

© 2010 The Washington Post Company