Its statement to drop the pledge to keep rates close to zero for a considerable time. The feds twoday policy meeting begins tomorrow. The oil shock continues as crude Oil Prices Bounce back after volatile early trading. Brent had dropped to a 5 1 2 year low after the further price declines. Also in the headlines, opecs chief defending the decision not to cut the output. Wti is up by 40 cents only sitting at 58. 21. Last week 13 decline in oil prices sent waves throughout the Global Markets in the last five trading sessions. The yield on the tenyear tnote posted the biggest weekly decline in terms of a drop in terms of basis points since june of 2012. And the dow dropped almost 4 over the course of the week. That was the worst week since november of 2011. Weve been watching the equity futures this morning that look to be bouncing back, at least in early trading. You can check it out at this point, tripledigit gains for the dow futures up by 102 points. The s p 500 up by 11 points and th
Rallying and the 10year moving high owner the fact that the fed if anything worried about inflation and growth move, i mean, try to put it altogether and create a coherent narrative. I cant. Maybe the panel can. We have other news but first of all keep an eye on this level. 1962 was yesterdays high on the s p 500 index. Write that down. We took out yesterdays low on the open this morning. If we were to close above yesterdays high, technicians call ate key reversal day and would put a potentially bullish move for the markets. If we get a push higher here in the hour and see what apples doing because carl icahn put out now very sophisticated with the tweets. He is tweeting of what to tweet about. Well, thats true. Thats true. Almost like we have to watch his communication strategy as much as he tweeted out to send an open letter to tim cook, ceo tim cook, tomorrow. With all of the agitation at apple, the stock is up 50 in the time. Hes going to send an open letter to tim cook tomorrow an
He is currently a Senior Writer at the daily beast. He is also worked as a Senior Writer for Foreign Policy and his work as appeared in numerous publications including the new york times, the wall street journal, and the washington post. Also a fellow at the new america foundation. Were pleased to welcome him back for his second appearance at politics and prose. Hell me welcome shane hairs. Shane harris. Thank you for coming out. On a night like tonight you could be sitting on a veranda, drinking wine and enjoying this summer evening. So im glad you chose to spend the evening with me. Great to see so many people and friends and colleagues as well. We were just talking before we began, ive been touring with the book, and speaking at a number of book stores around the country, and this one really is just prized for the way it brings people out in the community and its so great to see such a large gathering. This is great for a book talk. Youre making me very happy. So this book, war is a
They know how to make an impact. Neil thats whats concerning a lot of politicians in and out of power. Gingrich, no one should kid themselves. With the sony collapse, america has lost its first cyber war. This is a very, very dangerous precedent. Do you think its that bad . I do, neil. This happens to be maybe the North Koreans. We dont know that definitively yet. The chinese have been working against us for 20 years now. It wasnt until 2009 that we took note of it and stand up to the cyber command. We have the chinese coming after us. The North Koreans. The russians. The iranians. We know they can get into our networks. Government, personal, fox could be hit sometime because of something we say on here that they dont like. Neil wait. Wait. Wait. Wait. You said fox could be hit. So all that nasty stuff ive emailed about oreilly, thats all for the world to see . He might do that himself too. Neil thats true. Mutual destruction. The fact of the matter is which is big dollars trying to pr
Us. They know how to make an impact. Neil thats whats concerning a lot of politicians in and out of power. Gingrich, no one should kid themselves. With the sony collapse, america has lost its first cyber war. This is a very, very dangerous precedent. Do you think its that bad . I do, neil. This happens to be maybe the North Koreans. We dont know that definitively yet. The chinese have been working against us for 20 years now. It wasnt until 2009 that we took note of it and stand up to the cyber command. We have the chinese coming after us. The North Koreans. The russians. The iranians. We know they can get into our networks. Government, personal, fox could be hit sometime because of something we say on here that they dont like. Neil wait. Wait. Wait. Wait. You said fox could be hit. So all that nasty stuff ive emailed about oreilly, thats all for the world to see . He might do that himself too. Neil thats true. Mutual destruction. The fact of the matter is which is big dollars trying t