Were . In the cross hairs of europe, but we know that yurt has been weak. That is the approximate cause. The sooner it happens the less likely we wilikely we will get bigger cuts. That means the less likely that you will blast out of stocks ahead of a tsunami of selling when you have a number of cuts. Prudence and foresight produce what i call just in case selling. Again that is totally sensible. Im never going to criticize that. Aside from these two factors, fridays selling had theyre own momentum. The first reason that people sold, the fed. We heard endlessly that the Federal Reserve was behind the curve. Meaning the fed will have to do something to send stocks lower. And that thing is to raise Interest Rates quickly. Before i tear this apart you need to know that at the end of the week bankers gathered. Youll have to hear stories about how the fed is going to hurt you and your pocketbook. I would love to be able to immunize you against this chatter, but it is almost impossible becau
No. It looked good. If there is a blizzard tomorrow morning, you know, were doing the show from out there. Good. Perfect. Three hours. Im bringing the same suitcase here. We can set up. Im surprised im sniffling and have this. They have nine hour flight into head winds. You have three straight days. We walk a mile outside to get to where were going to do an outdoor broadcast for three hours. And now were back. But well were ready to work. Well persevere. Were ready. We have everything set up and ready to go. Youre sneeszing already today. If youre traveling today. Look out more than 3200 flights have been cancelled even before the first snow flakes began to fall. I saw a few flurries this morning. Candidate is covering the story from new yorks La Guardia Airport. The situation on the ground . Reporter thats right. The winter storm were talking about expected to bring up to and over 2 feet of snow to select areas in the northeast. Were here at La Guardia Airport this morning. Things are
Its another big day today of u. S. Earnings. Alibaba and ford all report before the market open. All eyes will be on google and amazon. Of course people are still talking about the fed press release from yesterday. The Federal Reserve not showing its hand that its wavering over whether to hike rates this year. In its policy statement the fed says it will still be patient. That word patient is still there in raising rates and is upbeat on the u. S. Economy setting solid growth and strong job gains. The fed says that while pressures are holding down inflation, mainly oil prices those are intensifying. Its optimistic prices will move back toward its 2 target. Wilfred . Thanks. Lets look in in the markets and were in the red today and really its been risk off sentiment thats transferred through different time zones and no particular region has been able to buck that trend over the last 48 hours. You can see the stoxx 600 down. 7 and its been a really steady decline throughout the course of
Federal reserve policy makers at their last meeting. According to the minutes released today, many said they were inclined to wait before hiking Interest Rates because moving too soon could stall the recovery. Still, others said the central bank had waited long enough suggesting that the majority is in a real hurry to move away from the zero Interest Rate policy as followed for some years now. Stocks briefly peared their losses on the release of the minutes but failed to end the session higher. At the close, dow jones down to 18,029. Nasdaq eked out a gain of 7 and s p 500, it was just basically flat on the day. And yields on the ten year note fell on signals the fed would continue to be in its words, patient on rates. Hampton pearson has more on the minutes and the road ahead for Interest Rates. Reporter fed chair janet yellin and policy makers did not appear to start raising Interest Rates anytime soon. While job growth is increasing and the Unemployment Rate remains below 6 policy m
That was the big takeaway from Federal Reserve policy makers at their last meeting. According to the minutes released today, many said they were inclined to wait before hiking Interest Rates because moving too soon could stall the recovery. Still, others said the central bank had waited long enough suggesting that the majority is in a real hurry to move away from the zero Interest Rate policy as followed for some years now. Stocks briefly peared their losses on the release of the minutes but failed to end the session higher. At the close, dow jones down to 18,029. Nasdaq eked out a gain of 7 and s p 500, it was just basically flat on the day. And yields on the ten year note fell on signals the fed would continue to be in its words, patient on rates. Hampton pearson has more on the minutes and the road ahead for Interest Rates. Reporter fed chair janet yellin and policy makers did not appear to start raising Interest Rates anytime soon. While job growth is increasing and the Unemploymen