Obama's associations say a lot to Wall Street

Date: Fri, 07 Nov 2008 17:01:29 -0500
Obama's associations say a lot to Wall Street

President-elect Barack Obama hasn't picked a Treasury secretary,
endorsed or panned the efforts of the current administration, or
spelled out what he would do differently.

REALTORS LOBBY FOR HOUSING STIMULUS, CLAIM NO TIME TO WASTE

The projected 9.3% national decline in home prices this year would be
the sharpest drop since the National Association of Realtors started
keeping records in 1968, the group's chief economist said Friday.

MARKET SNAPSHOT: U.S. STOCKS END SHARPLY HIGHER TO PARE WEEKLY DECLINE

U.S. stocks climb as bargain hunters step in after two days of losses,
helping foster hope that global intervention will help an economy that
shed nearly a quarter million jobs in October.

GM SHARES HIT HARD AS DWINDLING CASH SPOOKS INVESTORS

General Motors Corp. shares drop 12% after the Detroit giant reports a
third-quarter loss of $2.5 billion and warns its assembly lines could grind to
a halt next year barring strong improvements in the company's cash pile.

ECONOMIC REPORT: UNEMPLOYMENT RATE LEAPS TO 14-YEAR HIGH OF 6.5%

The U.S. unemployment rate jumped to a 14-year high of 6.5% in October as
nearly a quarter million jobs were lost, the Labor Department reports.