Up investors are nervous about whats happening in the bond market is that what this is about i think thats part of it but also the impact on health care from the announcement that we had this morning from mr. Buffett and jamie dimon and amazon is enclosuclearly is havn impact the expectation would be that youd see increased m a in 2018 when youre getting significant selling like youre getting in the managed Health Care Space youre going to see a dow tape clearly under pressure. Steph, the dow was down 350 around there, at the low yesterday sold off into the close. Whats this about . I think it is a little bit about rates but not fundamentals of the economy, its not about earnings because earnings continue to go higher. Its about getting overbought. Were up 7 in january still the best since 1989. However, youre up on top of 19 last year. So weve had a nice rally. We havent had big corrections, we havent had big pullbacks sure, rates are going higher and its something to be mindful of. B
And ill guarantee theyll always be working in that direction. Janet yellen staked out a very different territory. For her main speech in chicago she appeared at a conference of Neighborhood Revitalization organizations and said, quote, although we work through Financial Markets our goal is to help main street and not wall street. More than five years after the financial crisis she spoke mainly about unemployment and told the stories of three that lost their jobs in the recession. It became quickly clear that this was a fed chairman well suited for the time in which we live. However not everyone recognized that or her. Not long after she took office somebody came up to her in the airport and said you look just like janet yellen. The second most powerful person in the world. The most powerful woman in the world after angela merkel. A figure that measured in at 53. As the feds leader she leaves with roughly 4 unemployment. 1. 5 inflation. She successfully raised Interest Rates off and eng
Think that ill look at just like our call centers. The difference this time being it happened to those who are participating very seamlessly. Those who arent already in the market i would tend to agree with you that maybe it gives them a reason for pause. But i think that those who are already in the market see it as the benefit of technology and a seamless experience. I totally agree. I can just see the headlines in the conventional press. But make it very clear. This is not a flash crash of 2010. By no stretch of the imagination is that what this is, at all coming up on 1 00 eastern time. The halt continues here at the nyse. Has been in place since 11 32 a. M. This morning. Getting close to some other events as well as we get into the afternoon. Fed minutes are about an hour away. Art cashin says the question the longer this lasts, at what point do the mutual funds have to price their Net Asset Value at the end of the day. Cashin says the percentage of orders in limbo is growing. We
Bingo fuel meaning hes almost dry. Youve got allgaunt pilot saying hes funning out of fuel. There will be a window of opening in about 20 minutes for landing. Yeah i dont have 20 minutes. This is 426, roger, and thats unless it is an emergency, there is grand Forks Airport which is 70 miles to the north. Yeah, listen. Were bingo fuel here in about probably three, three to four minutes and i got to come in and land. This is 426, roger. All right. Youll have to like i said declare an emergency for that with the Minneapolis Center and then we would coordinate to get you in. Okay, im going to give them about an another three minutes to see if we can set 3358894. Then ill see if we can get this coordinated prior to i get down to having to do that, ill do that. Thank you for that. This is 426 roger. Your company dispatch should have been aware of this for a number of months. Okay. Yeah. Its just well follow up on that. It was a very calm conversation, phil lebeau between a pilot and an air T
Joins casket flags for his memory. Willingly giving his wife to help protect theirs, katie is live with month are from oracle arena. Katie . We heard so many stories today. Many of them beautiful and a lot of them very funny. We heard stories about pranks among officers but also Sergeant Lunger being a very serious leader and trainer and his brother said that many stories he is hearing that bring him strength during these difficult times of loss. And the home of the brave strength, in the voice of Sergeant Scott lungers sister. We are all one family that supports each either in this time of grief. And an extended family in blue who will watch over his daughters, sayre why and ashton. You ualways knew that this ws going to happen. That you made sure that my sister and i were well taken care of. Shot and killed during traffic stop last week, hayward chief diane irvin said lunger lived at full speed. Heres to you, scott. It was one hell of a ride. A ride in which he he steered the careers