Melissa . Im melissa lee. Lets take a look at the markets and how were shaping up now ahead of the key fed decision. The dow hit an alltime high with the s p just points away from its own as you see here hogging the flat line in that 2 00 decision dow is flat up by 6 1 2 points s p down by two. Take a look at rates this may be the headline of the markets here, the yield on the ten year sinking to the lowest level since november 10. As for equities, energy, the worst performing secotor as oil falls on bear supply data. Chevron and exxon dragging on the dow. Financials falling ahead of todays fed meeting. Morgan stanley, bank of america and citi lagging today brian . Thank you. We are going to get the latest on the virginia shooting in one minute even on a day like today we cannot forget our core mission on cnbc which is your money and the Financial Markets. Do not forget the Federal Reserve will make an Interest Rate call in under one hours time the expectation is another Interest Rate
Of a headache for the Trump Administration with four gop senators still refusing from moving from nay to yea on health care bill. President trump says he will stump for the plan. White House Press Secretary sean spicer was much more optimisticically and thinks chances of passage are high. Democratic critics continuing to blast away at the senate labeling it as, quote, cruel, mean and even deadly. Congressman from california, actually agrees with those assessments and has one more big reason he says he blames the president. He will join us live in just a few moments and weve been warned over and over again that our nations lek call grid is vulnerable to hackers and now theres proof, russia shutting off the power in ukraine. Should we be even more worried or ramp up efforts and ceo has been sounding alarm for years and what the Trump Administration should do first. On wall street we have the dow and the s p struggling stay in the green. Dow is down about 15 points. The nasdaq aims to clo
Good morning welcome to Worldwide Exchange on cnbc. Im sara eisen im dominic chu in for wilfred frost. Its throwback thursday, heres a onehit wonder, im blue. You wremember this. Who could forget. It was all over new york all over cincinnati, too. Glad to have you here. Good to be here lets check in on the Global Markets after broadbased rally yesterday for u. S. Equities comeback futures set for a higher start dow jones up 33. Financials were a big driver after the stress test results. Nasdaq up 1 point. S p up 4 the banks led the session yesterday. They came out with much bigger than expected cash returners in the forms of buybacks and dividends. The fed blessed all of it financials got a further boost after the close. Theres the early action in terms of the xlf, the etf that tracks financials, up 1. 5 in the early action whats helping the banks is the tenyear treasury note yield has been bouncing. Certainly off the lows of 2. 13 we saw this week 2. 24 not bad. Some selling of treasu
First we start off with a battle for the ages netflix soaring to an all time high after an Earnings Report. Facebook and amazon trading at an all time high very different story for bank stocks Goldman Sachs and bank of america following the foot steps of their peers and dropping. The question is do you buy this dip in the bank stocks or stick with the winners which is tech stocks i think you have to where your looking yeartodate or one year performance . That tells a bigger story that were looking at right now if you look at tech, obviously the runaway leader if you look at financials versus tech on a year ago basis financials are up 32 . I dont think anybody knows they beat tech on a year ago basis because of the pop coming out of the election so its not as if they really lagged fms, that is. So i do believe you buy tech now. As the underperformer to the financials because netflix reported up 10 . Its a tough trade. What steve is talking about yearonyear basis its up we have a lot of
Lets bring in bruins beleskey with bmo Capital Markets and dean maki and cnbcs steve liesman. What do you think . Need to take a really deep breath. My comment, not to be flippant, duh. Tell me something that i dont already know, issues that have confounded investmentors for the betterment of six months, number one. Number two, weve been pretty clear on the views in the market that are in a rinse and repeat. Cant get off the emerging markets commodity trade and cant seem to not wore egabout the fed, cant stop worrying about china. Well be worried about the election which should be thrown in there as well and think volatility is here to say so this term black swan for all intents and purposes is overused, its fearmongering and all about trying to grab the headline so i think what we already know is this. Black swans typically historically happen when you most expect them. Thats their definition. These are all known unknowns. Right. So tell me something i dont know. Right. We already kno