Have announced today will provide strong support for the economy. We are saying that roommates rates will remain accommodative until the economy as far along. Leaves stimulus untouched. No move expected either. Todays action could come from south africa as they battle we growth. President trump contradicts his health officials, saying a vaccine could come by october. Deutsche bank says new york city staff can stay at home until next year. 6 00 a. M. In london. Lets get you uptodate with the interpretation of fed speak. Good morning. I take you to ing. Its about the credibility andeen Forward Guidance state contingent Forward Guidance. We got both last night. That makes for more potent situations. Perhaps doubly irrelevant. Annmarie a note this morning saying theres no pleasing some people. What else could the fed have done . Maybe qe. Also talking about the fact, they were saying, monetary stimulus, its time to focus on policies for the real economy. In that moment, jay powell is right
Wrapping up april with a month of losses potentially on the screen. Down more than 2 on the s p for april. The small caps have been absolutely hammered the end of march, the rotation is coming, a big downdraft for the small caps so far this month, snapping five straight months of gains for equities on the s p 500. Bramo, april has been a bumpy ride. Lisa partly because that is the sound of the narrative breaking or maybe the narrative shifting. He basically said higher inflation is fine for stocks and earnings. If yields stay here it will be ok, everything is fine. Yields are high for the right reasons. Are they . That is the angst you are feeling. Jonathan the bond market, breaking up the 10 year. The twoyear, high by 35 basis points. The 10 year up by more than 40. I remember a few conversations we had this month. Just a few. Steve said that this Federal Reserve wants to count Interest Rates. He said that this data is not cooperating. The data this month has not cooperated. Annmarie
Good morning. Welcome to Worldwide Exchange. Im sara eisen. Im wilfred frost. Good morning to you from me as well. Lets check the Global Markets after another solid day on wall street took the dow up not quite to 20,000. So close. Above 19,900 for the first time. Futures not doing a whole lot. The nasdaq yesterday stood out. Technology finally caught up after weeks of underperformance with the nasdaq surging a percent. Dow futures down 8. S p futures up 1. Nasdaq futures up 3. A lot going on today, including the fed decision. News conference from janet yellen, dot plot from the fed, economic forecasts as well. The tenyear treasury note yield is sitting at 2. 44. Were sort of within the range, towards the higher end of the range of where we have been. Bonds look like a sell. The stock market continues to be a buy. The dow 100 away from 20,000. It is slightly down at the open. The bank of japans tanken survey showing an uptick in japans biggest manufacturers, in line with expectations. N
Off of 11week highs in europe. Lets look at the action in the crude markets. Opec members have agreed to cut production. Wti down today 1. 2 . Brent down 1 . Taking a breather. Its been a torrid run in the oil market. U. S. Federal reserve will announce the latest Interest Rate decision. The fed expected to raise rates for the second time in ten years. Also expecting an updated economic and Interest Rate forecast. You can watch all of this, the full coverage of the fed announcement and Janet Yellens News Conference on cnbc. There are a few other key reports to watch today. Heres whats happening. 8 30 a. M. Eastern time, the Producer Price index and retail sales come out. At 9 15 a. M. , Industrial Production and business inventories for october. Thats at 10 00 a. M. Eastern time. Now lets talk a bit of politics. President elect trump will be holding a roundtable summit with Tech Industry leaders today. Among those expected to attend, the man who put this together, peter thiel, bet on t
Will be closed on wednesday. The typhoon is expected to skirt around kyushu, but air and sea traffic has been disrupted. More than 80 domestic flights to and from the region have been canceled. The storm is forecast to continue moving east between japan and south korea. Now, people are hunkered down, waiting for conditions to improve, robert speta joins us now. Good morning, tell us more about that storm. As you can see, the conditions out there, definitely still rough out here across sash eema, and south korea. We havent se seen gusts up nea typhoon strength, but as far as the forecast is concerned, the good news, its starting to pick up its pace. When it was near okinawa it was more symmetrical. But now getting blown out by the upper level jet. It will start to transition to an extra tropical state. What that means, the winds themselves may not decrease that much, but theyre overall going to be spread out over a much wider area. Much of south korea will see gusty winds throughout the