Anticipated twoday meeting, investors bid up stocks digested some final Economic Data ahead of that meeting. More on that a little bit later in the program. But by the close, here are the numbers. Industrials up 228 points to finish at 16,599. Nasdaq higher by 54, and the s p 500 was up 25 points. More on todays big move in stocks. Stocks started up and they stayed up. Now its the day before a fed meeting. Stocks usually do advance. It was a particularly broad rally although the volume was moderate. A lot of big caps up 2 or more whether youre talking about merck and the pharmaceuticals or ge and the industrials or procter gamble, Even United Health care, all up more than 2 . Now, there was a twist to the buy ahead of the fed story we saw today. Some afraid traders aggressively sold treasuries, as well. That created big moves on top of the rally. Big Banks Like Bank of america, jpmorgan and citigroup why outperforming the market in general as were regional banks like uss bankcorp. Why
The shine off. Europe higher, the price of brent getting relief. Back home, november cpi with a two handle year on year. Hat fed hit its target ahead of tomorrows decision . Anticipation from the markets. The feds twoday meeting starts today. Tomorrow is the highly anticipated announcement, will they or wont they . Shares of qualcomm are up in the premarket on news they will not break into two. And apples losses continue, one of the key suppliers slashing guidance today. First up, todays the day the fed kicks off the twoday policy meeting. Many expecting it to end with the first rate hike in nearly a decade. Futures are off their highs of the morning after 3m cuts its current year guidance. Oil giving up gains as well, wti hovering around 36 a barrel. Interestingly, the opec secretarygeneral says that low prices cant continue, and they reiterate their guidance that they think nonopec supply will come off next year. Definitely will. A lot of this junk bond scenario that we talk about in
Our road map begins like this. Stocks set to open in the green despite continued tension overseas between russia and turkey. Hp stocks are moving in opposite directions. Meg whitman joins us. And get ready for thanksgiving. Where people are traveling and avoiding this Holiday Season. Busy economic calendar. Consumer spending up in october by 0. 1 for a second straight month. As americans boosted their savings to a near threeyear high. Durables up more than expected, up 3 . Jobless claims fell more than expected, down 12,000 in a developing story, one of the russian pilots who ejected from that fighter jet shot down has been confirmed alive and well. Russian foreign minister lavrov calling the incident a planned provocation, president putin said russia will be forced to respond to future incidents after the downing of the jet. Russia saying they are open to some sort of agreement with nato regarding accident prevention in the future. It didnt get worse overnight. You could argue that. Y
That directors and shareholders are standing up a much stronger way than before. It is not always accountability that will come for a prosecutor or regulator. You have this massive breach at a lot ishat helps how people see how a ceo who did not prevent against it lost his job. That means something. It is not just enough to hold the id person accountable. But when people think their entire ability to run a companys way to be in jeopardy because they are not warning against this risk that people of been warning about for a long time, that is something new we have not seen in the last few years. We have to end it there. Thank you so much. [applause] Erik Schatzker with the Southern District the attorney for the Southern District of new york. Bottom line starts right now. Ati am Mark Crumpton of the World Headquarters in new york. We have full coverage of the stocks and stories making headlines today. We begin with our chief washington correspondent it are good ideas of the white house as
It was a dramatic ended to a hostage situation in sydney, australia. Australian Police Confirmed that three are dead and 4 injured after the 16hour siege in downtown sydney. The victims included 2 hostages, 38yearold man in a 38yearold woman. And the gun man, a 50yearold man. In a News Conference that 17 hostages total had been accounted for. We found out that a Police Officer suffered a nonlifethreatening loan to the face wounded to the face that we dont have information on his injury at this point. How did the situation unfold . The crisis came to an end after heavily armed police lint chocolate cafe good gunfire rang out for about 30 seconds after several hostages escaped with their hands up. Not seenn who was leaving the building, the suspected gunman, identified as s. N haron moni he is a selfprofessed muslim cleric with a long criminal record. He was connected to the murder of his wife and charged with more than 50 counts of sexual assault. Prior to the hostage situation, monis w