County Elections Officials for now remains on making sure that every legal vote is counted and recorded accurately. As we are closing in on a final count, we can begin to look toward our next steps. With a margin that small, there will be likely a recount in georgia. Electionin our obviously goes far beyond our borders. From the final tally in georgia right now has huge implications for the entire country. The stakes are high and the emotions are high on all sides. Those debatest distract us from our work. We will get it right and we will defend the integrity of our elections. In some states, there are complaints about monitors not being allowed to watch the count. In georgia, this process is and will remain open and transparent to monitors. Publicmember of the raises legitimate concerns, we will investigate those. We are committed to doing anything and everything to maintaining trust in our electoral process for every georgian regardless of partisan preference. Thank you. Afternoon. I
10year yield at 4. 47. A lot of questions where the movement will be next and if we have seen the height of rates or not. Thats been a big question part of it weighing on the broader markets yesterday. Meanwhile, boeings slide after the cfo spoke yesterday and said the company would burn through cash this year the delivery of planes will not increase from the First Quarter to the Second Quarter as they deal with tproduction challenge. The price of ethereum pulling back after the runup this week. The si. E. C. Approved the rule change to pave the way for etfs that buy and hold ether. Specifically, the s. E. C. Order approves applications from various exchange to list eight ether funds. The order does not approve the funds or set a date for the etfs to start trading issuers are awaiting approval from the s. E. C. For the funds and it is unclear how long the process will take. This has been the week this was a buy the rumor and maybe not sell the news. Thats most of it ethereum is down 2
Year this all has been happening as treasury yields started to pick up yesterday that kicked off the concerns the twoyear treasury yesterday topping 2. 16 . That was the highest level since september 8, 2008. You can see the twoyear this morning, yields have come back down a bit 2. 108 the tenyear is where the focus was yesterday. The yield there nearing 2. 73 . That yield backed off a bit, too. We will see the last meeting of fed chair janet yellen today at the fomc nice stories about janet yellen today the finale here as jay powell gets ready to begin february 1st. Some big stories were watching this morning jpmorgan saying that jamie dimon will stay in his role for about five more years. That time frame could suggest hes not planning on running for Political Office which has been speculated about for some time we talked to him about that last week in davos on this show the bank is promoting daniel pinto and gordon smith to copresident s and coos pinto oversees Corporate Investment b
Remember those 100 delivery fees for water were already seeing shell tell us more about that. I heard much higher gasoline prices as well, but i dont know if that was an urban edge end. Well talk about that and the other big story were following is the mass you have data breach at equifax which may have seen data stolen from nearly half of the u. S. Population. Well talk about what could happen to the stock, how you can protect your personal data from future hack attacks as well. Yeah, with the stock down 13 and the worst performer in the s p 500 today which is down a point and a half right now let start our full coverage of Hurrican Irma it is a does near landfall in florida. Wmaq meteorologist kaylee dieion is tracking the storms path and Jackie Deangelis with a look at final preparations being made and Morgan Brennan with a look at how difficult it is to get out of florida and how the theme parks are bracing. Had an update over the last hour the National Hurricane center has upped t
The fed will raise Interest Rates next wednesday when it meets. There is a 90 chance of an Interest Rate hike at that meeting. The industrials snapping a 4week winning streak. Other big headlines moving the market. The republicans rolled out their noon replace obamacare. The bill facing tough criticism from conservatives. It does eliminate most taxes from obamacare, especially the ones targeting investors, the white house and House Speaker paul ryan pushing for repeal and replace by april. One. S first full week of snap falling to its post ipo low. The European Bank stressed that Election Results in ther some of the e. U. s biggest economics like france and germany could cloud that rally. Bank americas Global Wealth and management Financial Advisor joins us now. The big event for the week was the jobs number out on friday. The jobs numbers were bert than expected. How would you characterize it, chris . Chris i think goldilocks cousin just showed up. We are in a late cycle phase where t