Us to believe that is the man he knows and is more familiar with. Lets get up to speed, a firm tone. This morning a little bit softer, down about 1 10 of 1 on futures, equities treading water, but in the fx market it is a stronger dollar story with yields pushing higher on treasuries. 2. 47 on the u. S. 10 year. Alix the curve is a little flatter, curious when you have the market relating fed expectations. The fix is slightly lower but im surprised it is not at 10. Softer, and oil not participating in any kind of risk on rally. Jonathan apparently it is not the only game in town but a big player, the Federal Reserve. The chief dov signaling they might be ready to move on rates. Brainard said the economy might be Strong Enough for the fed to make a move this month. We are closing in on full employment. Inflation is moving gradually toward our target. Foreign growth is on more solid footing and risks to outlook are more balanced than in some time. Appropriately be soon to remove addition
Homes slipping to their lowest level in a year last month. Today well talk to one Top Executive in the business, get his advice. Sold, power lunch is a buyer. The ceo of Coldwell Banker is up in two minutes so dont you budge. The fed has spoken. How will Financial Sector stocks react . Well take that one apart. Theres jpmorgan, citigroup, wells fargo, b of a and one of the etfs, were tracking those as well. Plus, the fight against cancer. New ammunition here. New corporations coming in and throwing lots of tonnage at cancer. Thats all ahead. First, lets check in with sue on this, the day after the big taper announcement. Sue . Thats right. The markets kind of consolidating at these levels, ty. Were going to start with housing. Existing home sales hitting a yearlong low in november. Diana olick is live in washington for us. Diana . Reporter well, sue, it was a big drop, no question, and we know why. Weve been talking about it for months. Prices rising too far, too fast and mortgage cred
Talking about asia and general and when you look at the tenyear and wonder whats eating at it, that would be one of the real reasons why we havent seen it do better. Also watching these stories today. Why did the target ceo have target on his back . A weekend board meeting, a sudden departure that takes effect immediately, so why now . Target stock is down about 3 today on that news. Many are asking is another shoe about to drop in that story . They will be reporting earnings on the 21st and i know expectations are not very high. Thats true. Also have some very special guests coming up offer the bell. Robert benmosche will join us and then in his first of it v appearance since facebook acquired his Virtual Reality company, and controversial investor bill ackman will be here, a first on cnbc event from the conference where hell be revealing his big idea for investors, and then hell tell our audience what that idea is. Plus, well get his reaction to the news about target given his experi
Now, the president at the cato institute, john allison talks about his book the financial crisis and the free market cure. Mr. Allison served as the chairman of the Financial Firm dbt. This is 50 minutes. Inks. Its a pleasure to be here. I want to start by congratulating tremendous success heritage is patently believe it is important for those of us that believe in free markets and free society be working together and i hope that will be the pattern going forward. My purpose today is talk my book, the financial crisis and the free market cure. I wrote the book before a big deal is coming to cato. People ask me, why did i write the book . Basic answer is i thought it might be interesting to have somebody annuities talking about read a book about the financial crisis because you listen to commentators and academics that dont do what theyre talking about and its discouraging. In addition, it is important to undo the mess. The state has been great at creating that cities become destructive