Making her last stand, raising rates for the third time this year and the fifth time since the financial crisis Steve Liesman was at the press Conference Reporter hi, melissa the Federal Reserve raising the Interest Rates by a quarter point, that is the highest its been since 2004. The fed forecasting three more rate hikes, boosting its growth forecast next year to 2. 5 in part because of coming tax cuts. It also lowered its outlook for unemployment to 3. 9 and continues to believe that inflation would eventually move up to its 1. 9 target. There is nothing flashing red there or possibly even orange. We have a much more resilient stronger banking system. And were not seeing some worrisome buildup in leverage or credit growth at excessive levels so, you know, this is something that the fomc pays attention to. But if you ask me is this a significant factor shaping Monetary Policy now, well, its on the list of risks its not a major its not a major factor reporter yellen said the tax cuts
And ive always said this. Its nice to have kids because you need to live to watch them grow up, right i guess time is passing, they cant grow up. Did you have a nice day we did. I i dont know, i thought i had a free rain ein to imbibe. You cant tell what youre doing until its too late. So i have a picture we had a cake when we got home. I was laying on the couch and they took a picture of me because i wouldnt sit up to eat the cake you need those glasses that we had stounounds like a good birth we went in the big city it was fun. Happy belated birthday. Thank you. Folks, lets check out the u. S. Equity futures. The second trading week of the year green arrows dow was up by 577 points gain of 2. 3 nasdaq up by even more 3. 4 just in the first four trading days looks like there are green arrows across the board. Dow futures up comes after big gains up tonight in asia. Nikkei up by. 9. Hang seng up by a quarter of a percent. Shanghai up. Early trading in europe this morning you will see t
Region. One day after a deadly bomb blast at a hotel in neighboring somalia. The president also speaking out against republican president ial candidates who attacked his policies over the weekend. We have the latest in this war of words. Hey, chinas markets are set to open in less than 6 1 2 hours. So lets start the countdown. Liz breaking news. China chewing up wall street after demonstrating a week of stabilization thanks to massive government intervention. Last night a freefall so severe, it is affecting our markets negatively right now. Spin it forward, 6 1 2 hours away from the hang seng in hong kong and the shanghai and shen gin indexes opening again. What can u. S. Inspectors expect the day after the huge fall. How will it impact your money. We take it to the traders watching and waiting at trading floors around the nation and gerri willis. Scott, to you first. What do you think happens when china opens for business . Three hours ago, they said theyre going to put measures back
Welcome to the Halftime Report. Bull run, more records with the dow looking to post its best week of 2017 with us for the hour today, josh brown, stevewise, carrie firestone, the ceo of asset manage president and with us from minneapolis today is Pete Najarian lets begin with stocks, the intraday report high for the dow, s p and nasdaq. Energy is a big story as it puts in its big week since september of 2016. Josh, its been a reflation kind of a week. Materials, industrials, financials. Yeah. Is this the way its going to be now big week for the qs risk off got killed this week. Tlt down 1. 7 . Gold, gld down 2 bost , and in meantime you have a huge breakout in Semiconductors Take a look at the smh this tells you everything you need to know about Companies Spending money, not just people, but but projects and r d, and well get to some of the bigger winners later on. I just think when you look at the advance and declines, scott, thats what i want people to focus on not just the fact that
Rather you may have heard about this eclipse. No, what happened today, brian . Amazing americans across the nation now comes the hard part. The trips home and the cleanup well show you some of the aftermath. So much to do. Let us begin with your money it was a mixed monday for the market the dow and the s p finishing fractionally higher. The nasdaq slipped just a skosh, i believe they call it in minnesota. You betcha. If we stay weak, guy adami, is it a buy the dip market we stay weak. I would push back and say today was an encouraging day by the way, great having you onboard, great to have you here. Thanks for helping out. Established that earlier. We talked about 2410 being an important level in the s p i think it got down to 2417 today. Pete can speak the vix, down 7. 5 today the ibm, as long as that stays above 130, were okay. Doesnt feel like the worst is over, but at least today gave you the glimpse of levels it needed to hold and it did. You know, we have a dynamic where theres