Seesaw this morning and now here session highs. Still in the red but for the dow, it had been in positive territory for a brief and hot second there. 53 to 47 shows favor the brexit. That reflected in the Dow Jones Industrial average. We can see popping into the green and going above the flat line for an hour or so, just under the flat line. We did see the dow down as much as 168 points. I want to show you whats happening with the s ps 10 sectors. Negative territory with Energy Leading the declines. Up the most,tions utilities had been the biggest leader. Usually as it stands with lower Interest Rates, that does help utilities because of their load. Lets look at what is happening with oil with Energy Falling as the biggest sector laggard. This is its lowest in a month, now six days down and on pace for its longest losing streak since february. The fear is Global Growth is slowing down everywhere. We did hear janet yellen saying 2016 growth for 2016 is supposed to be 2. 2 and taking a l
On the bloomberg. The reason you do not see a dot beyond on the righthand side, he is saying that is outside of a poor castable four castable forecastable period. This is fascinating. When the summary of Economic Projections came out and we look at that straight up right at the bottom, the answer is there now. Jim bullard. David when you read the statement hes just issued, hes saying a lot of things people the fed is about projecting out into the future well beyond what it can no. Know. S what it can some people think their models are run. Alix how do you forecast a fed that is data dependent . After the dots were released, there was chatter in the market with alie evans statement of a shift in how you view the economy and where you actually think rates should be. Of the f1 all members see are in agreement about the approach to this question. Agreement. In the question is whether other people come to jim bullards side. David we will have a bloomberg exclusive with microsoft cofounder b
Carl kin nquintanilla is on assignment. Also jessica, and mike isaac, Technology Reporter at numbs in the meantime. Good morning to both of you. We start with our top story this morning, facebook taking on snapchat once against with a new instagram product called stories. The product will be built into the Instagram App includes face filters, and location tags. Its been it doesnt end there. Facebook is also tests video ads as a way to monetize the new sometimes controversial feature. Jessica, interesting to see facebook go at snapchat yet again trying to build their own product. They tried to acquire snapchat is the third time a charm . Well see. This is interesting if you look at instagram. It was the hot app for a long time, but people are posting less to instagram. Thats a big problem, because it could lead to lower engagement down the line. I think this new product is really a grasp to change that, to make a lower part to posting in the hopes that people will post more, because the
Communication workers of america discusses the companys recent 45day strike against verizon and discusses the antipartnership position on trade, as well as highspeed internet and broadband expansion. Hes joined by david shepardson. You need broadband and people more and more want broadband capability and the fcc is backing up giving Companies Money to build out broadband in rural communities. My members do broadbrand and its a big, big part what we do and i think its going to become an even bigger part what we do. Watch the communicators tonight. British defense secretary Michael Fallon recently updated a Parliamentary Committee on efforts to combat isis in sear yap. Syria. This is just under two hours. Some of the distrust was publicprivate stations by people who were pretty aware of what was going on. And, again, the underlying issue would the members introduce themselves. Im now the director of the ministry of defense, im mark carltonsmith. And im dominic wilson, member of ministry
Small number, high level of education for syrians. If we are reliant on erdogan to push it over the goal line, which i think we all are, he has a lot of other stuff on his mind at the moment. So i think a lot of these issues up and down the turkish bureaucracy, because of the centralized Decision Making that was already in place, will be pushed. So a lot of these things will lose importance as the country begins to deal with the fallout after last saturday. Maybe you can introduce yourself as well. I forgot to make that announcement. Hi. My name is martin. I am from the school of advanced international studies. My question is, so in the past couple of days weve seen weve read at least about the purges that you talked about. I mean they are really disheartening and thousands of coup prisoners are being raped, as Amnesty International reported. Just today i saw that Something Like 60 children, like 14yearold children are being imprisoned and being denied access to talk to their parents.