Seismic action . And get this, two anchors under the same roof, sue. I know, who knew, who knew. Its great to be with you up here at headquarters. Lets focus on the dow. We had a very strong morning. The dow up triple digits earlier today. Right now, up 82 points, 16,330. The s p also had a firmer opening. Right now, the s p up almost 11 point, better of that. 5 . The nasdaq is the winner on a percentage basis. It is up almost a full percent on the trading session. As for Interest Rates, weve begun of course the twoday fed meeting. Right now, the tenyear yield is at 1. 674 . One of my favorite things to watch, the transports, up at 50 points to the upside. And comex gold with the market rallying, well, some steam coming out of gold, down about 11 bucks on the day. Big question for inest hafst ve and traders alike today is a plan to change the rules on highspeed trading. Would it make the markets more fair or would it make it worse . Now, some of the details on that. New York State Atto
And right now the dow is higher. But the s p is trading a bit lower. We should mention a lot of people are looking a t the moves weve seen in the 10year wondering if people woke up today, realized, oh, my god. Maybe tapering is tightening and stocks could have a tougher go of it. Well get into all of this coming up on the program. Also coming up, weve got two huge exclusive interviews on tap. Legendary investors jim chanos and bill miller. Their best ideas on a market many think is to fidefying grav looking forward to that. Today we get an exclusive read from zillows ceo spencer rashoff. Home sales dropped in the Third Quarter, we saw, for the Third Straight month. But zillow says that home prices are still on the rise. So what happens next year as the fed is tapering, presumably yields go up on the long end of the yield curve. That has an impact on Mortgage Rates. If Mortgage Rates are going up, what does that do to sales and home prices . Well talk with the ceo of zillow about that.
Americans. And its being taught in the little rock schools. And thats sent out the Ripple Effect effects there were two interment camps in arkansas. We were at a camp called gloefr and another camp called jerome. And in the middle of those two interment camps is a small town called mcgee. And they recently earlier this year, as a matter of fact, converted their abandoned Railway Station into the world war ii japanese american internment museum. Its a small museum but very comprehensive and beautifully done. So if any of you should be driving around southeastern arkansas, you might visit that museum in mcgee, arkansas. What is the status of allegiance your musical about the internment of japanese americans. Is it likely to come on broadway . Flowing that, is it likely to come to dc . Oh, yes. Allegiance began about three years ago. We developed this musical and we developed it because we can have books and lectures and talks about the internment, which helps us understand up here intell
Higher tax revenues from both individuals and corporations in an improving economy combined with flat federal spending. Melissa, back to you. Melissa peter, thank you so much. I want to go to trader Teddy Weisberg at New York Stock Exchange to see how they are reacting to this. The market is slipping a little more right now. What is the mood like . It is a kind of a disappointing day, melissa. We started on the plus side. Gave that away pretty quick and were now trading near session lows, off a little more than that but down 180 points, pretty much at session lows. Concerns out of europe. Concerns about china. With the stock market that pretty much is priced to perfection, doesnt leave a lot of room for error. Melissa no, it doesnt. Look at different e 6 emails making round crossing trader desks, one that stand out is china. The idea that were suspicious of numbers coming out in terms of growth. Now more than ever, seems like we could have been greatly overestimating the power of china
Month, what of the everyone is talking about 192,000 jobs were added in march, schiavo economist forecast. The employment rate 6. 7 , Holding Steady with last month. Sounds pretty good. Maybe we can get a little more context . This is probably the most boring jobs report that we have had in a long time. Everything came in as expected. Like most boring. That actually got my attention. Can we read a little more to these numbers . The best news was the Unemployment Rate not going down. More people think the economy is getting better, think they can find jobs, and so theyre going out and looking for work. That tells you at least admit we are on the track disease among improvement as the year goes on. The weather setback was not as much as people that, but we are back on track. Can we get some perspective on the u. S. And global economy, maybe from some of the biggest names in economics who might just be meeting in italy on a beautiful coastal backdrop . There is an improvement in the job m