Than welcome to add. But im wondering about your talk about the contingent liabilities the u. S. Government has and that is increasing its deficit every year and doesnt seem to care. And for a lot of reasons the federal government seems to be have the markings of a subprime borrower. And the reason why the reason why the they can continue to do this is people keep on lending the money. This is all based on psychology. And because they think that because other people are going to the investor class thinks that because other people other investors are going to keep on lending the government money, thats fine so they can lend money. They can keep on going on. This strikes me as a weak psychology. I know other competitive currencies are in as bad shape as the dollar. The question is do you envision any situation where the investor class will stop just just stop lending money to the u. S. Government at such low Interest Rates . I do think a lot of the fundamentals are worrying about the poi
Were seeing right now. Were trying to parse that out. Thats what makes the markets so interesting. Lets start here as we head into the final hour with where we stand on the major stock market indexes indexes. The dow is up 168 points and remember weve had many, many more 1 swings this year than we had last year, and today by the way, weve had them in both directions. The dow is up about 170. The s p is up 18 points right now, nearly 1 there to 2085. The nasdaq adding 36. Its actually the underperformer on the session to 4,922. Well also and well get to this in a moment talk about what were seeing across the benchmark interest year 10year. Have to talk about oil as well. Very strong. I dont know if you can show oil right now, but last i saw it was up about 5 . Its now 6. 25 gain for u. S. Oil. Wti. Thats at 52. Brent north sea crude is at 58. That almost feels like a short squeeze. Lets all make sense of this. All of our guests today except rick are over at our set at the New York Stock
Were less than one hour away from the decision. Our full coverage here on cnbc starts right now. So as we were saying its decision day. Just under an hours time the fed releases its latest statement on rates and the economy. It comes on the heels of a very week gdp this morning. Will it change position on when to raise rates . Steve liesman will break it down. Reporter fed watchers expect the fed statement to take note of the weakening economy. The big question is how much of the weakness in todays disappointing 0. 2 rise in gdp. The fed attributes to temporary factors compared with permanent ones and whether we get a huge Second Quarter bounce back the way we did last year. Now severe Winter Weather in the east, port shutdowns in the west those are the obvious temporary factors but the negative effects of a stronger dollar in terms of exports and decline in Oil Prices Also played a role. No one knows how long they will hurt the economy. What we do know it was another weak First Quarte
Es sometimes the only way out is to look within. Current tv digs deep into the extraordinary tales of heroism determination and escape. Trapped experience the drama. Back to back to back. Hold on mates catch the trapped minimarathon saturday starting at 1 eastern. On current tv. Announcer heard around the country and seen on current tv this is the bill press show. Bill hey, it is 24 minutes announcer this is the full court press. The bill press show. Live on your radio and on current tv. Bill all right. 25 minutes after the hour. I gotta tell you the mood at the white house last night the talk among reporters was the president s got upper hand here. Pardon me, hes dealing with strength. No need for him to back down and he wont back down and quick word to the president the white house staffers talked about it last night. They were all of the same mind. They know the president is going to do what we ask him to do. Hold the line. Hold the line. By the way i also said to the first lady, yo
Now that the hockey match is over, a lot of people are focusing their attention on whats happening in ukraine. Plus more fallout of facebooks shocking acquisition. Kevin oleary said he might short facebook because of the deal. Coming up, a major facebook investor is here to tell us why he sold every share he owned. In a word hes now a zucker bear. His word, not ours. Bank ceos back in the media glare as the president complains about a minimum wage he says is too low. Bank heads are getting big fat raises. How big . Well, Kayla Tausche will be here with the numbers. Here is where we stand in the markets. The dow a off 10 points. The s p just fractionally lower. The nasdaq is just barely positive, up about one point, 4,269 is the level as we have watched it at its highest levels since the year 2000. And the s p 500 despite turning slightly lower is only 9 points off its closing high. How many times can we test that high again before it fails . Well keep an eye on that. Okay, kids, gather