Speculation continues to build that the fed and fastmoving energy pricings are driving the stock market. Anthony all this is playing into the election season. Rob, where do you think the markets are in the economy . We needed to pull back and thats what we are seeing. Its been modest. I think it will continue to be modest. Remember what happened in brexit. There is a tremendous amount of money on the sidelines waiting to be invested. Its been a doubting thomas market the whole way. Intermediate term we are still constructsive on risk assets. You have the backdrop of supportive policy, low inflation and accelerating growth. If you look longer term, the effect few quarters into 2017, we think that macro backdrop continues to accelerate and earnings do well, so we are forecasting a Pretty Healthy risk asset environment after the selloff. Anthony rob, do you see it the same way . We are stock pickers. And we have an overall vision of 5 to 6 to 10 years. We see wall street to main street do
Get access to the back doors. Reporter of course the government has argued that this order only specifically refers to this individual case. What happens next . Apple has to respond to this order by february 26th, this friday. Back to you. Ernie okay. Dan bowens, thanks you for that. Lets get some reaction. This is peter frankle, a criminal defense attorney. Thank you for being on board. You can see whats going on. We have rallies going on here and around the country. This is a hot issue, a big debate going on. Well, from a legal standpoint and personal standpoint, this is not only a fascinating issue, but its an extremely complex issue on many levels. First of all, you have the government, which is essentially ordering a private corporation to come up with software for its purposes, and secondly, youve got that battle between privacy ernie exactly. Everyone is affected by this. I want my privacy. At the same time, a lot of people are concerned about security, their own personal securi
10 of wells fargo, that is major money were talking about right there. And the fbi hacking into the iphone of one of the San Bernardino phones without apples help. Its the outcome and is it a bigger black eye for apple or the government . Well have both sides of the debate. Who loses the most in the outcome of this whole situation, apple versus the fbi . The Broader Market is getting a nice boost after janet yellen said caution is warranted. Gold rallying under comments dollar went low are and yields went lower. Financials, which of course would typically benefit, they are under pressure today. The worst performing sector in the s p. Lets get to Steve Liesman with details. Youve got to be asking yourself after this speech by janet yellen has the fed quietly retreated from raising rates, what it dubbed rate normalization, will it ever hike again . From gold to fixed income to stocks, laid out a dovish outlook for rates at this much anticipated speech at the Economic Club in new york and
The mounting costs of its emission scandal. The shares are jumping as the german car maker keeps its full year guidance. And the countdown is on to the third Republican Debate. Cnbc hosts the candidates as donald trump and ben carson solidify their lead. Busy week. A lot of earnings and the cnbc Republican Debate tonight. Lets check in on futures and what theyre telling us ahead of the market open. We have been down each and every day. The implied open is telling us well see a bit of recovery today. Were up some six points for the s p. Dow jones industrial is higher by 38. 5 points and nasdaq in advance of 16 points or so. Lets have a look at european markets. Also positive as you can see to the tune of about three quarter of a percent for most of continental europe. We have france just below that. Germany at 0. 7 of gains and ftse 100 at 0. 3 . Its partly a little bit of a bounce back from a soft start to the week and also Consumer Confidence data out earlier today. Apple beat the str
In. Ben carson in the latest quarter, second to none. On the cross currents ahead of what many interesting Election Year. The race, just a few weeks out from voting which we are excited about and theres still talk of some kind of dramatic convention, been ginsberg, and canceled the mitt romney campaign, calling it a potentially chaotic, and real brokers in the party right now but given shortening of the calendar, the convention and the number of candidates figuring to stay, and a chaotic convention. Neil not losing convention. Hands settled on the back woods, Abraham Lincoln went on, but history suggests he was then okay president. It does not translate into a panic, in recent memory divided conventions, with the democrats, 1976. And their were fighting it out. And the party doesnt have exact together. And the end of this race is very unclear. And after iron and New Hampshire and winning the field, several candidates and sticking campaigns on New Hampshire, jeb bush, Chris Christie, to