So a scary headline number isnt as bad as it seems when you look underneath. Reporter and thats what economists say Federal Reserve policy makers did. After studying the economy for two days, chairman ben bernanke and his colleagues issued what most called a no news statement. The fed says it will keep Interest Rates near zero and plans to keep buying bonds in order to keep Interest Rates low. Todays g. D. P. Report didnt change that plan. What the fed is trying to do is generate stronger labor Market Growth and labor Market Performance and we dont really have any data on that yet. So we dont have the employment report yet, so we think it is just status quo for the fed at this time. Reporter well, almost status quo. The fed continues to watch congress closely for clues about whether deep, automatic federal spending cuts will take effect in a month or congress will decide to close down parts of the government as republicans and democrats battle over the budget. I think the fed is very c
So a scary headline number isnt as bad as it seems when you look underneath. Reporter and thats what economists say Federal Reserve policy makers did. After studying the economy for two days, chairman ben bernanke and his colleagues issued what most called a no news statement. The fed says it will keep Interest Rates near zero and plans to keep buying bonds in order to keep Interest Rates low. Todays g. D. P. Report didnt change that plan. What the fed is trying to do is generate stronger labor Market Growth and labor Market Performance and we dont really have any data on that yet. So we dont have the employment report yet, so we think it is just status quo for the fed at this time. Reporter well, almost status quo. The fed continues to watch congress closely for clues about whether deep, automatic federal spending cuts will take effect in a month or congress will decide to close down parts of the government as republicans and democrats battle over the budget. I think the fed is very c
Today came on a day of mixed reports about the u. S. Economy. On the jobs front, a strong payrolls report showed private employers added 192,000 jobs in january, much more than economists expected. But the Commerce Department said economic growth, contracted in the last three months of 2012. The g. D. P. Shrank by 0. 1 the first time thats happened since the financial crisis began. The fed said in its policy Statement Today that it continues to see Downside Risks to the economy. Unemployment is still elevated. But household and business spending advanced. Susie darren gersh begins our coverage with that weak reading on the economy. Reporter last quarter, defense spending fell off the fiscal cliff. As lawmakers bickered, manufacturers who make things for the pentagon cut back production sharply defense spending fell 22 in the latest g. D. P. Report, tipping the economy into the red. Certainly manufacturers are pulling back and i think this is a bit of a wake up call that these cuts are
The shorts were getting their head handed to them on monday and here we go, after monday on tuesday, and today as well. Ill seal you at the top of the hour. Good to see you. Another big hour. What do we do from here . If youre surprised by the action weve seen over the last couple of days, what are we to do . My professional trader, 30 years on the Trading Floor wants to sell into it but dont short it until you buy coverage. The vix had a great pullback. Bought the vix earlier in the month, you had a great return on the investment but if you didnt sell it out and took the profit youre getting squeezed. Buy the vix. Even with the move that weve seen, a feeling that certainly the market would show you over the last, you know, few selloffs here that its a bit fragile, right . Absolutely. That it can be blown over with a little bit of wind. And tomorrow is the last day of the month. Looks like a plus side february. Nonetheless, going out today plus 175, second hour of the closing bell begi
Subsidiaries of Kinder Morgan Inc. (KMI) propelled the company to big profits during the first quarter of 2013, allowing it to raise its quarterly dividend 19% and aligning it for more than $12 billion of expansion and joint venture (JV) projects across North America.