And were watching the market this hour of markets now. Connell those headlines show you there is a lot going on9 today. We will get to the mess in egypt in just a moment, but first, our market today with the selloff, seeing the biggest decline in a couple of months. Nicole petallides starts us off on the floor of the new york Stock Exchange. Nicole you are absolutely right. The lowest point, the biggest move to the downside since june 20. Down about 1. 5 right now. Back on june 20 the dow dropped over 2 , this is the biggest moving percentage terms since that time. You have a couple of names that are weighing on the do dow jones industrial, betterthanexpected Economic News. Walmart and kohls are two names we are following closely. As well as Cisco Systems. Walmart higher payroll taxes are hitting the customers and not much customer traffic in walmart. A little less than expected, up 5. 5 . Really bucking the trend today, back to you. President obama United States strongly condemns the
Era in which yet again we are presented with an for negotiation which is further is made urgent by the development of the Iranian Nuclear program which upsets as well it should. As well it should. Idea of a weaponized iran iran having Nuclear Weapons, appeals to nobody, appeals to nobody. It really is not something that and benefit the world frankly i dont believe it would benefit iran. The problem with iran not the roblem, the challenge with iran, iran is not the country which you can bully. Way. Imply doesnt work that if you look at what iran excels olympics, its wrestling and weight lifting. Really, im serious. A country thats very, very nationalistic but has a self. G sense of i told people if you go to teheran, im sure you all will point, your host will ake you to something called a zuhrhana. Its a house of strength where people do sort of synchronized lifting. Its very, very interesting. The point im making is not a countrys is that gives in well to they of a strong sense themsel
I expect a great deal of continuity in the fomcs approach to Monetary Policy. I served on the committee as we formulated our strategy. I strongly support that strategy. As you know, republicans have promised some very strong peter republicans promised strong oversight, the first year in charge of the central bank, the 100th anniversary of the fed. They started this morning with some tough questions. Back to you. Dagen she is getting her capitol hill legs. Slowly, but surely. Connell the stock market seems to like it so far with the dow up nearly 100 points. Nicole petallides joining us from the new york stock exchange. Nicole good morning. The testimony came out earlier. We are getting much of what we expected. She talks about economic signals and the Economic Growth that we need. 50,893, posting gains of 1 2 for each, the fear index is to the downside by 4 so the markets here, they are buying everything. Transports oil services, etc. Dagen for more on Janet Yellens testimony, what it
If you dont love jesus, go to hell if you dont love jesus go to hell imus in the morning big smile, everyone, it looks like this is the day. The Dow Jones Industrial average set to open higher in minutes it could be above the old record high. Good morning, everyone, 37 points, thats all it it takes, 37 points to match the 14,164 the dow hit back on october 9th, 2007. This, you want to see. Now is the time to check your 401 k . Now is the time to see how your stock or your mutual funds been doing, maybe your retirement looks more solid or college fund is up. The point is, this stock market rally brings back hope to investors. In a sea of doom and gloom, wall street is back and Varney Company is about to begin. Streamline their process . At fidelity, we do it by merging two tools into one. Combining your customized charts with leadingedge analysis tools from recognia so you can quickly spot key trends and possible entry and exit points. We like this idea so much that weve applied for a p
Steve tomorrow on the show, dr. Keith ablow with normal or nuts and these folks all in the after the show show. Gretchen go on tour in orlando. We start in orlando. Gretchen have a great day. Steve see you tomorrow, everybody. Bill closing in on history. Could it be the dow nearing a record high after a steady climb . We watched this go for a couple months now. While wall street is riding high the same can not be said for all of main street. Good morning, everybody. Numbers are going up. Im bill hemmer. Well come to americas newsroom. Martha im martha maccallum. Good morning, everybody. Look at this chart to show you how this plays out. Pretty nice chart for the Dow Jones Industrials for the past three months. A huge surge. But the problem it is not felt in the economy and in the jobs market. Bill stuart varney, especially in the jobs market. Anchor of Varney Company on the fox business network. Good morning bill. Bill we might hit a record when open today. 29 minutes from now the Dow