Thats right, 50 lanes merge into just 20 lanes. We thought we had it bad here but check this out. This was hours with these people at a stand still. We show you this to make you feel better about things about yourself today. Some people abandoned their cars. That used to happen years ago in china. Maybe five or six years ago and then suddenly people would just walk away from their cars and into the villages. But wow. This makes me feel better about my commute today. You dont live in l. A. That doesnt look a lot different from the 405. My first thought was china and Second Thought was l. A. But what is the widest highway . How many lanes . Not 50. But wide. Like 5. Like 5. And across on both sides but yeah, 50. So lets get to the u. S. Stock market. Were looking at what is potentially setting up for the best week since february for the dow and since december for the s p 500. This morning things were flat but we did see gain across the board yesterday. Well continue to watch this. A coup
To the fed minutes. Yes, the initial impression was that they were hawkish. Now perhaps the market reevaluating that to some extent. We will get more on where this market and the economy is heading from none other than mohammed el erian. He is here exclusively in just minutes and have some good insight on why the market has continued to rally in the face of so many troubling geopolitical developments. And another tale on the any might be new data that Shows Americans are starting to struggle with paying down their auto loans. This coming after taking out record high amounts in car loans. Some with iks isyear, sevenyear terms. Phil lebeau joins us with the details and why some say it is a canary in the coal mine for our economy. Now lets take a look at these markets. We did take a leg lower as those minutes from the fed hit about an hour ago but since the dow is made up that lost groun grobd and then some, up 60 points to 16980. The nasdaq is up just about a point to 4528. And the s p w
Some of the biggest Financial Institutions including jp morgan chase, barkleys the royal bank of sc ubs will pay billions for manipulating the Interest Rate markets, one of the least regulated markets in the financial world and one of the largest, about 5 trillion changes hands every day. The traders from different banks didnt act as rivals but rather they worked together to rig the price of u. S. Dollars and euros in a scheme that went on nearly every day for five years through 2012. Eamon javers has more. Deep inside of the posh offices of the major banks, in the private digital exchanges of the private traders was right ought of the mafiainity invited to join the scam. Mess this up and you sleep with one eye open up. And if you aint cheating you aint trying. And yes, the left competition the better. And today that language caught up with the traders as new u. S. Attorney general l lyn announced the massive setty traeders formed a group they dubbed the cartel. It is perhaps fitting t
Some of the biggest Financial Institutions including jp morgan chase, barkleys the royal bank of sc ubs will pay billions for manipulating the Interest Rate markets, one of the least regulated markets in the financial world and one of the largest, about 5 trillion changes hands every day. The traders from different banks didnt act as rivals but rather they worked together to rig the price of u. S. Dollars and euros in a scheme that went on nearly every day for five years through 2012. Eamon javers has more. Deep inside of the posh offices of the major banks, in the private digital exchanges of the private traders was right ought of the mafiainity invited to join the scam. Mess this up and you sleep with one eye open up. And if you aint cheating you aint trying. And yes, the left competition the better. And today that language caught up with the traders as new u. S. Attorney general l lyn announced the massive setty traeders formed a group they dubbed the cartel. It is perhaps fitting t
Institutions including jp morgan chase, barkleys the royal bank of sc ubs will pay billions for manipulating the Interest Rate markets, one of the least regulated markets in the financial world and one of the largest, about 5 trillion changes hands every day. The traders from different banks didnt act as rivals but rather they worked together to rig the price of u. S. Dollars and euros in a scheme that went on nearly every day for five years through 2012. Eamon javers has more. Deep inside of the posh offices of the major banks, in the private digital exchanges of the private traders was right ought of the mafiainity invited to join the scam. Mess this up and you sleep with one eye open up. And if you aint cheating you aint trying. And yes, the left competition the better. And today that language caught up with the traders as new u. S. Attorney general l lyn announced the massive setty traeders formed a group they dubbed the cartel. It is perhaps fitting they chose that name as it aptl