Bernie Sanders’ Greece panel, Howard Lindzon on markets and technology
Second-quarter GDP numbers are in, and while they did fall short of expectations, they show the economy is picking up enough to move closer to an interest rate hike. On Thursday, data revealed the US economy had bounced back in Q2. According to the US Commerce Department, GDP expanded at a seasonally adjusted annual rate of 2.3 percent in the period from April to June. Ameera David weighs in.
Then, Erin Ade sits down with Howard Lindzon, co-founder of Stocktwits. Howard tells us if fewer stocks lifting the broader market is a positive sign and gives us his take on stocks in the S&P 500 hitting as many one-year lows as one-year highs.
After the break, Bianca Facchinei takes a look at major hacking-related stories.
Black Vine, the China-based group who hacked the US Office of Personnel Management and Anthem, were allegedly responsible for the United Airlines hack too. And two security researchers successfully hacked a sniper rifle.
Afterwards, Ameera and Erin talk about major news coming out of Facebook, Twitter and Samsung. Shares of Twitter fell after reports revived questions about the micro-blogging site’s user engagement and Samsung is considering a price adjustment for its Galaxy phone after disappointing earnings.
And in The Big Deal, Ameera and Edward Harrison discuss the Greek debt crisis panel held by Bernie Sanders on Capitol Hill. The panel, sponsored by the Roosevelt Institute, included Nobel prize economist Joseph Stiglitz, as well as economists James Galbraith and Jacob Kirkegaard and highlighted the challenges facing not just Greece but other Eurozone countries with high unemployment, such as Ireland and Spain.
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