Down. Goldman says we may be stuck in this range for awhile. Lets start markets and fed today, jim, a lot of discussion about whether it would be a good idea for yellen to say lets have a presser in july on the off chance we move. We might be able to explain it better. I think that would be terrific. I think yellen has been the person who has been the least yelling. She doesnt yell. She is considered. When you have someone considered as she is. She is looking at the data. A lot of people criticize the fed. Im not going to. She is trying to arrive at the right thing. Imagine if you tighten it and they got the 38,000 number. They dont know what theyre doing. The evidence shows they do. The endless criticism of all Federal Reserves and all of Central Banks around the world bothers me. I dont think im a fan because he had to reverse rate hikes. I dont know what japan is doing. They seem erratic but im not a critic of the fed. I think the fed is trying it do it right. I think yellen will do
So u no, i get that most of this is overseas, but Credit Suisse is down 45 , and bank of america 20 , and Deutsche Bank as well down. And yes, we saw jamie dimon with his bottom, and we call it the unbelievable buy. And we had greater p for mans, and people were anticipating because of the job owning we would see the rate hikes coming along and then you see the steepening, well, obviously, it looks like june is off of the table, and because of that, the last couple of days since janet spoke, you could watch the financials and see how they react. And doc, no relief in sight today, because the fed is not giving any help to the financials. The wrap on the large banks that make up the index is simple. These are companies that should pay bigger dividends and you should expect less from in terms of the growth, and really no reason to own them unless you think that there is an imminent rate higher not just once, but a cycle, and nothing is tellinging you that is the case right now. That is wh
Take you there live for an update. And then donald trump once again slamming president obama and Hillary Clinton for their reluctance to use the term radical islamic terrorism. What he says could have prevented the latest terror attack. And hundreds of thousands of Illegal Immigrants are gaming the system. Staying in the u. S. Long after their visas have expired. Why so little is being done to stop. Plenty of time for all of those stories so back to the market with breaking news as stocks sold off into the close today, which is interesting after the Federal Reserve comments, the dow in the red for the fifth consecutive day. So theres the d dow 30 on our big board right there. Scott from tjm investments is watching action in oil and gold that the cme today and well get to stock in just a moment. But lori rothman is up first on the floor of the new york stock exchange. When the fed came out, lori, we did see a little bit of a spike; right . No rate change but a little bit of a spike and
A number of people have brought this to my attention. How the nra is going to respond coming up. Get this. Alert the pc police, its official. One country that just overhauled the National Anthem making it more inclusive. Hope its not us. Mornings are better with friends. He, everybody, welcome back to the studio. I forgot what you look like. Its good to see you guys in person. Ive been watching you on television for a long time. You covered the shootings in orlando monday and tuesday and were in d. C. Yesterday. Right. A lot of the action is in d. C. With the gun control debate. Everyone is talking about what is happening with the president ial candidates and a lot of people think this problem lies with the fbi who are understaffed and underfinanced. Perhaps senator Lindsey Graham has an announcement on the show about that. That will be great as we talk to him. The lead story today is disney. Thats right. A fox news alert, the happiest place on earth under fire after that 2yearold boy
I would like to use 50 50. Okay. Final . Yes. All right, were gonna help you out by taking away two incorrect answers. C and d is what youre left with. Im gonna go for c, final answer. I mean, i know that if i get it wrong, i still get a 5,000, so. You definitely still get that 5,000, cause its actually d. Yeah. Im so sorry, but, again, youre walking out of here with 5,000, nikki. I wish you the very best as you head off to nyu, and Great Success in your life to come. Okay. Thank you. All right, thanks for joining us on off to college week. For everybody whos been a part of this one, im chris harrison. Well see you next time. [cheers and applause] closed captioning sponsored by this fathers day, get dad the tools he needs. Will one day be affected by some kind of vision problem. Save your vision for the years ahead. Call. Or log on to seeabettertomorrow. Org to learn about glaucoma and macular degeneration. Convince politicians that she should take away our rights. This debate not goin