CNBC.com News Now: Kotok on the Economy & Hedge Funds on the Rebound

Click here to view today's top stories on your mobile device. Friday, Aug. 07, 2009     DOW 9370.07 113.81 +1.23%   NASDAQ 2000.25 27.09 +1.37%   S&P 1010.48 13.40 +1.34%     NEWS MARKETS EARNINGS INVESTING VIDEO CNBC TV SIGN IN     WHAT YOU SHOULD KNOW Stocks Rally for a Fourth Straight Week Stocks rallied Friday, bringing their winning streak to four straight weeks, after the latest employment numbers showed signs of a stabilizing job market.... »read more Hedge Funds On the Rebound, Climbing 2.42% During July Hedge funds posted more gains last month, providing fresh evidence that the $1.4 trillion industry is recovering after last year's heavy losses and record redemptions... »read more Consumers Cut Back on Debt For the Fifth Straight Month Consumers paid down their credit cards and cut other debt in June for the fifth straight month as they rebuild savings battered by the recession. ... »read more CONNECT WITH CNBC Join CNBC's official online communities today! Get today's business news headlines, guest alerts, top videos and see what other CNBC'rs are Squawking about. »Become a CNBC fan on Facebook »Follow CNBC on Twitter TODAY'S TOP 5 VIDEOS 1. Kotok on the Economy…and Fishing   Once a year the nation's top forecasters gather in the woods of Maine to compare notes and reflect on the state of the economy. CNBC's Steve Liesman is there and discusses the economy and fishing with Cumerland Advisors' David Kotok, who organizes the event. 2. When Will the Hiring Begin?   The July jobs report came in better than expected, with employers cutting 247,000 jobs. The question, however, is when will hiring begin? Secretary of Labor Hilda Solis, discusses the issue. 3. Hot Jobs Now The search for gainful employment can be found, says Matt Ferguson, CareerBuilder.com CEO/president. 4. Obama & the Economy   President Obama makes a statement on the economy and the July jobs report. 5. Stop Trading, Listen to Cramer!   Mad Money host Jim Cramer offers advice on the markets.       TODAY'S TOP BLOG   Clunkers Complainers Come Out Ever since Washington first signed off on Cash for Clunkers, I've heard a steady chant of criticism about the program. Some hate it because it's coming from the Obama administration. Some because foreign auto makers are benefiting... »See All CNBC.com Blogs

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