Ahead on todays show, fashion in the time of coronavirus. Well speak to anna wintour about vogues new partnership with amazon on a Digital Store front. Plus we will speak to truist ceo about his efforts now for Coronavirus Relief lets focus in on the stories we are watching Steve Liesman with the highlights from the fed minutes. Just released in the last hour and oliver chen is with us to talk about retail earnings and the big box names he likes so far. Michael, start it off with you what stands out . Yeah. The market just bobbed right back up from that lateday selloff yesterday. In fact, the low for today in the s p 500 hit about three or four times was yesterdays high. So it seems as if, you know, big money investors continue to behave in a way that suggests they feel underexposed to stocks if theyre not going to pull back a lot weve been talking a lot about this rotation theme. You have small caps up a lot and fin tech and financial all were really doing is stretching the upside of
Back again, but well confirm or deny it later here yeah. The dows gains up 138now, and still across the board, half a percent higher, russell up more than 1 . Bob has more on Market Reaction, and kayla is in washington with the highlights from the med fins, fin minutes. They acknowledged stronger growth than previously forecasted, but said its policy of gradual rate hikes would sustain the growth saying that strategy remained, quote, appropriate. One reason for the stronger Growth Outlook was the enactment of tax reform. Minutes note uncertainty among several members about whether the Corporate Tax cut results in business and capacity expansion, but noting that its the early days of companies deciding how to allocate those savings. As for inflation, the fed is shooting for the 2 target in the medium term and said a lower dollar spurs inflation, but participants noted signs of a broad based pickup in wage growth keep in mind, the meeting took place in the end of january before the most
The transports to record highs again today. Plus the grocery wars are heating up again. This time walmart is making a newing a b decision to go after amaz amazon very interesting a lot of people in new york city are very excited about it. Well explain coming up in a little bit. Good for brooklyn. We start with our top story right now, executives from two scandalridden companies have been meeting facetoface with lawmakers on capitol hill today. Cnbc cnbcs wilfred frost has the highlights of the wells fargo hearing, about millions of unauthorized accounts opened by that company and aditi roy has the latest on the exequifaxs ceo, the attack that compromised the data after more than 145 million milliamericans. Aditi, start us off. Reporter former equifax ceo Richard Smith was grilled for close to three hours by about two dozen lawmakers. As he headed out of the hearing, i asked him about the breach he remained tight lipped eped a walked past our cameras. Gave an eight page remark before he