Yesterdays gains. The selloff was broad. Oil prices took a dive, Energy Stocks tanked, financials floundered. But what did rise was uncertainty about oil, which some view as a proximate fee for the global economy. And uncertainty about interest fed officials are now in a quiet period ahead of next weeks meeting, so there will be no more comments to dissect for clues. But investors dont like uncertainty, and the Dow Jones Industrial average dropped 258 points to 18,066. The nasdaq declined 256. And the s p 500 fell 32. Bob pisani was in the middle of todays selloff at the new york stock exchange. Another tough day for stocks, the market did improve towards the close. All the major sectors down oneandahalf to 2 or more, including energy, materials, financial and health care. Its mostly about the debate over whether the feds should or should not race Interest Rates. The odds are small, the risk is high. Many traders are long both stocks and bonds. Both of which might get hit if the fed ra
Chair Janet Yellens News Conference in just under 90 minutes from now. This is our brangelina. Melissa . Thank you, tyler. Im melissa lee. Were looking live at capitol hill. Tyler mentioned epicenter, d. C. Is today, where the ceo of pharma giant mylan son to be grilled about the controversial pricing of the epipen. Heather brush set to face members of the house. Well take you there live. Ill Brian Sullivan. As tyler and melissa noted, must see tv for your money. We begin with what else, the countdown to the Federal Reserve decision, a clock. If youre on the radio, picture a clock. There is 58 minutes and 39, excuse me, 37 seconds until that decision. Lets get right now to Steve Liesman live in washington with the setup on arguably maybe one of most interesting fed meetings that we have had in a long time, steve. Most definitely, brian. Fed expected to keep rates unchanged. There is some concern, some market murmurs about maybe a surprise by bill grows. He fanned those flames suggestin
The entire board of the troubled Internet Company after saying it has trade and failed to work with the company for the past 18 months. Josh lipton has more on this intensifying board battle. Reporter starboards letter distance mince words, saying yahoo s board and management have failed to deliver results for shareholders. Starboard saying significant board change is desperately needed to hold management accountable and properly oversee any operational turnaround plan, separation, or sale of assets. Ceo Marissa Mayer has tried to turn around the company by cutting costs and concentrating on growth areas like mobile advertising but it has been a losing battle. The company will generate less than 3 billion in digital ad revenue this year, a drop of 14 from last year, according to researcher e. Marker. That would be the single biggest annual drop in sales for yahoo in the seven years sense emarker began tracking it. We think this core business is worth more than zero which is where its v
The entire board of the troubled Internet Company after saying it has trade and failed to work with the company for the past 18 months. Josh lipton has more on this intensifying board battle. Reporter starboards letter distance mince words, saying yahoo s board and management have failed to deliver results for shareholders. Starboard saying significant board change is desperately needed to hold management accountable and properly oversee any operational turnaround plan, separation, or sale of assets. Ceo Marissa Mayer has tried to turn around the company by cutting costs and concentrating on growth areas like mobile advertising but it has been a losing battle. The company will generate less than 3 billion in digital ad revenue this year, a drop of 14 from last year, according to researcher e. Marker. That would be the single biggest annual drop in sales for yahoo in the seven years sense emarker began tracking it. We think this core business is worth more than zero which is where its v
The entire board of the troubled Internet Company after saying it has trade and failed to work with the company for the past 18 months. Josh lipton has more on this intensifying board battle. Reporter starboards letter distance mince words, saying yahoo s board and management have failed to deliver results for shareholders. Starboard saying significant board change is desperately needed to hold management accountable and properly oversee any operational turnaround plan, separation, or sale of assets. Ceo Marissa Mayer has tried to turn around the company by cutting costs and concentrating on growth areas like mobile advertising but it has been a losing battle. The company will generate less than 3 billion in digital ad revenue this year, a drop of 14 from last year, according to researcher e. Marker. That would be the single biggest annual drop in sales for yahoo in the seven years sense emarker began tracking it. We think this core business is worth more than zero which is where its v