Adp showing private sector jobs up by 200,000 in september, that beats forecasts. So far in q3 the dow and s p are down almost 9 . The nasdaq has fallen about 9. 25 . Im sure you have seen the Global Market cap at twoyear lows, below 60 trillion. 11 trillion lost money. I think its important to point out that there were some huge orders from some large mutual funds at the close yesterday, fiscal year does end for a lot of mutual funds. September 30th, gives you a fuel three months to figure out what to do with the money that you get that they take from capital gains. I think they were a huge part of the problem in the last few days, getting out of strongs. I think a lot of the Fund Managers have turned bearish. I think you get a bounce because the fiscal year is over today and theyre not selling. Thats more important than any piece of data. A lot of discussion about the cash balances being low. As people wanted to exit they had to sell. Right. I think its important. This is a flow of f
U. S. Fighter jets launching a new round of air strikes in iraq after bombing islamic militants early this morning prompting the faa to ban u. S. Flights from iraqi airspace. Check out the markets. Not what you would have expected. Investors appear to be completely unfazed, all three major indexes in the green with the dow and the s p 500 posting largest gains since march 4th of this year. So is your portfolio out of woods . Jonas max ferris is here with important you need to know. What do you make of what you saw today in the markets, jonas . You know, it doesnt seem the conclusion would be, but at the end of the days, this kind of political stuff doesnt hurt the markets as much as financial crisis. We havent seen a financial repercussion just yet, maybe a bank in russia failing because of sanction that led them not being able to get money. Rates skyrocket in certainly countries. Youre seeing Interest Rates lower not just in america but other countries. Investors are not taking money
U. S. Fighter jets launching a new round of air strikes in iraq after bombing islamic militants early this morning prompting the faa to ban u. S. Flights from iraqi airspace. Check out the markets. Not what you would have expected. Investors appear to be completely unfazed, all three major indexes in the green with the dow and the s p 500 posting largest gains since march 4th of this year. So is your portfolio out of woods . Jonas max ferris is here with important you need to know. What do you make of what you saw today in the markets, jonas . You know, it doesnt seem the conclusion would be, but at the end of the days, this kind of political stuff doesnt hurt the markets as much as financial crisis. We havent seen a financial repercussion just yet, maybe a bank in russia failing because of sanction that led them not being able to get money. Rates skyrocket in certainly countries. Youre seeing Interest Rates lower not just in america but other countries. Investors are not taking money
Were less than one hour away from the decision. Our full coverage here on cnbc starts right now. So as we were saying its decision day. Just under an hours time the fed releases its latest statement on rates and the economy. It comes on the heels of a very week gdp this morning. Will it change position on when to raise rates . Steve liesman will break it down. Reporter fed watchers expect the fed statement to take note of the weakening economy. The big question is how much of the weakness in todays disappointing 0. 2 rise in gdp. The fed attributes to temporary factors compared with permanent ones and whether we get a huge Second Quarter bounce back the way we did last year. Now severe Winter Weather in the east, port shutdowns in the west those are the obvious temporary factors but the negative effects of a stronger dollar in terms of exports and decline in Oil Prices Also played a role. No one knows how long they will hurt the economy. What we do know it was another weak First Quarte
Looks good from the surface. Ive seen my old friend here but i want to caution you all. You guys i dont blame you all for youve appointed by mayor but the mayor has to realize this is a new era. Youve read all about the city and all the different groups here the gaze and the asians and the latinos theyre coming middleclass whats happening to us. The population is the bottom of the San Francisco no one speaks about that. Im not surrounding e sooernd im trying to use the best tactics. The cacs needs to be changed and Community Reform is what weve got to do thank you very much any arrest speaker card there are no speaker cards. Id like to open it up for comments. One of our comments of peter cowen was read right 60 unit at 60 percent a m i now one hundred and 10 percent a m i with 40 units. Hes also right this project is about a policy will decision and not about feasibility by the way, both somewhere could work on paper. I know that one of my colleagues had more discussions with the staf