Thing virtually all investors are focused on the timing and speed of rate hikes. Central banks benchmark shortterm rate which affects everything from Mortgage Rate to auto loans has been near zero since december 2008 and since theyve been so low for so long a lot of anticipation aboutn liftoff might occur. Yellins comments come weeks before the next meeting and despite the concerns the economy might be slowing. Steve leishman has the details. Janet yellen saying today she believes the rate hike will be appropriate this year if the economy improves as she expects. I think it will be appropriate at some point this year to take the initial step to raise the federal funds rate target and begin the process of normalizing monetary policy. To support taking this step though i will need to see continued improvement in labor Market Conditions and i will need to be reasonably confident that inflation will move back to 2 over the medium term. Yellen was clear expectation is for growth to improve,
Rules, a vote of 32, expected here, but we had contentions going into the vote. Basically, what they are arguing here is over the future of the internet, whether internet broadband providers will be allow to charge fees to specific websites for faster lanes and faster access to their own customers. Those websites lobbied against it, and broadband providers lobbied for it. In the end, the loss goes to the broadband Provider Companies like comcast, a parent of this network, and Time Warner Cable and others that provide those services. The debate in the room, though guys that framed the debate over the future of the internet. We have a commissioner, speaking against this skeptical this does not lead to more regulations and taxes on the internet saying it threatens the Internet Freedom itself. Take a listen. The internet has become a powerful force for freedom, here and around the world. So it is sad to witness this morning the fccs unproduce dented attempts to replace freedom with governm
Lets look at shares of lumd ber liquidators, up 12. 5 today, up more than 4, picking themselves up. Stock up big after a bigger drop brought on by a 60 minutes report questioning tox itty in the adhesives in the countrys product. The founder completed a Conference Call a short time ago. Details coming up and, of course, we look forward to the appearance tomorrow with scott on halftime report. Absolutely. Straight to the trading action, and bob is on the floor of the New York Stock Exchange. Despite retail sales or maybe because of them because of the implications . A little bit, yes. This was a surprise on the open. Let me show you the s p 500 right now because the premarket trading did not indicate the kind of very strong open that we had, so all the sudden the s p 500 put up the intraday on the s p, literally, 15 minute the rally today happened. See that . Unusual there. Let me tell you why i think it happened today. We were all surprised by it. Number one, we did see, and i think th
Rally. Whos investigating the investigators . Bill ackman responds to the report that he and some of the people who advise him are the subject of a government probe for manipulating stock prices. Hello, its tim from cupertino on the line that surprise interview with apples tim cook and our own jim cramer last night on mad money. Well let you hear that. Producer prices fell for a fourth straight month, down un unexpectedly in february by. 5 as decline in food prices offset increase in gas prices, a daft the rally sent the dow and s p into positive territory for 2015. But well ride that back and forth. Yeah, im looking at the euro and i understand that its really difficult for the central bank to keep buying bonds. Theres not a lot of bonds out there. Their work may which came in with a lion may go out like a lamb at the end of the week and thats why if we can see any surprise strength in the euro i think that stabilizes things. If we see the euro keep rolling over, well be back in the s
Well this teacher took that letter of recommendation and brought it to the school he applied to work at in West Virginia, got hired and over time became the principal. Well these kinds of pedophiles, they dont change their ways and he didnt change his ways in West Virginia. He continued to prey on kids. Eventually he raped and then murdered a 12yearold boy named jeremy bell. Well justice eventually caught up with the killer and hes now serving a life sentence for that murder. But for little jeremy bell, that justice came too late and sadly, jeremy bell is not alone. Last year, mr. President we had 459 School Employees across america arrested for Sexual Misconduct with the very children theyre supposed to be protecting and teaching and caring for. Thats more than one per day. And those are just the ones where there was enough evidence to actually prosecute to make an arrest and to pursue charges. How many others are getting away with this . And, frankly 2015 is not off to a much better