from the federal reserve this week. traders would welcome it any way they can find it. bond traders, charlie gasparino just said, they think they ll see interest rates hiked as soon as this week. as long as the fed adds to that they re one and done and going to sit tight for a while. whatever happens it would change what s been a ten-year party for a lot of folks, stock traders included. very low interest rates for mortgages and all of that. it s not been great for savers. look at something. if you have the wherewithal to j put cash away you have been getting squat for your money. around .5%. you re lucky if you get that in most places. let s say the fed hikes rates .25%. you ll get, are you ready for this, .75% on your money! see what i mean? it s not that big. sam stovall says the fear in the markets, although what could be
clarity. one way to give them clarity is to raise the rates now, and then you put off for a while you say, well, we ll see how it goes. it will be gradual. he believes that the market is up today because net-net there is more evidence that they re going to raise on thursday than not. not wait till december. no. the reason why is because they want clarity. there is no reason to wait till december. if the fed said we re one and done for a while. yes. would they be that blank? that s what he says and he is usually right. that flies in the face of consensus. economists. bond traders have money on the line. they re smarter than economists. they re flax. they articulate the interest rate of the company. they re guarded. i m telling you what a guy who loses or wins money is saying. we have a strong base of economists who watch this show. it s not wrong to be called a flak. they call reporters hacks. they do at that.
selling the strap. they say it will save the u.s. billions and destroying it will keep it from falling into the hands of insurgents. turn to cnbc s jackie. twitter pricing its ipo $26 a share. that was above the expected range. this deal valuing the company more than $18 billion. it s the second largest enter netted ipo after facebook. twitter stock will trade today on the new york stock exchange. a new report says wall street bonuses may rise an average of 5% to 10%. for some workers like financial advisers some bonuses could jump 15%. bond traders could see their bonuses drop because of the volatility in the fixed income markets. the wild speculation over what exactly google s floating barges were being used for has finally been put to rest. the company issued a statement saying the four-story vessels will be used as enter active
bills. we ve never done it before. we have the world s largest economy and we ll roll the dice. so the range of responses is wide. but independent economists, independent budget experts, constitutional investors, none of them think it will be a good result. they think it will be a bad result. the question is just how bad. the expectation is that the first response will be stocks. they will get very volatile. if the situation persists, right? so if it is just one day that treasury runs into this problem, all bets are going to be off. but that might be a lot more manageable than if this goes on a week or more. so what is going to happen is, it is very possible if stocks go crazy, people will run into the bond markets. or bond traders will not like the situation at all, even if the treasury is able to pay interest on u.s. debt which is what the people think treasury will try to do to the best of its ability. will they accept that segments
that s something that jack lew has said can be catastrophic. we always pay our bills on time. every time. the ten-year treasury sat 6.23%. that s what we watch for signs of stress about all of this. we re going to have a report that bond traders will be looking for as far as jobs report numbers, we think they re going to be looking at it. the forecast is $180,000 jobs created. and the unemployment rate is 7.3%. we re not sure if that s going to be released if the government is shutdown. you could see a situation that the white house said look we need a skeleton staff to get the report out. a lot of statisticians have been told to go home. a lot of economists have been told to go home. another sign how crazy it is. just something that we rely on as a sign post for what s happening in the economy. crazy. by the way, federal workers who are furloughed you can collect jobless benefits but you ll have