Up by donald trump. When you allow that on the National Stage you look weak. I wish politics wasnt about that, but it is. Donald trump, four hours of bloomberg surveillance. Coverage begins at 2 00 p. M. In washington. Mike mckee will be in washington this afternoon. Now our top headlines. Out if few hours we find the fed will raise Interest Rates for the first time in nine years. Policymakers will come out with a statement at 2 00 p. M. Eastern janet is hosting a News Conference later. The president ial candidates squared off last night for a most three hours. They were at the president ial library in suburban los angeles. Donald trump emphasized his experience in business. Mr. Trump i was a businessman who did well. Want to do is but that ability into our country to make our country rich again. I can do that, and im not sure if anyone else in the group could. Commented onina his comments in Rolling Stone magazine. He says he was not insulting her appearance, it fiorina did not buy it
Could chalk up its biggest weekly advance in six months. We will continue to follow the story out of ukraine and keep you updated throughout the morning. The Russia Ukraine situation, that is not the only geopolitical story on the radar. Chuck hagel sounding the alarm on the situation in the middle east arguing that the longterm threat of isis is even more dangerous than al qaeda. Chuck hagel talking about the 9 11 threat to the United States. Jim, isil is as sophisticated and well funded as any group that we have seen. They marry ideology, sophistication of strategic and ticketical military prowess. They are tremendously well funded. This is beyond anything that weve seen. So we must prepare for everything. And the only way you do that is you take a cold, steely hard look at it and get ready. Also today, fighting between israeli and palestinians continues. Israel air strikes continuing for a third day following the collapse of ceasefire talks. The Israeli Military says it carried out
Speak the language in a statement and remove a considerable time frame. The statement and an updated forecast is due out at 2 00 p. M. Eastern today. A half hour later, chair janet yellen will field questions from the media. Beyond the fed, the ruble and oil. The russian currency dropping about 60 against the dollar this year. Cnbcs Geoff Cutmore has made its way to moscow and will join us there in just a minute. He is looking at russias move to sell the currency. As for oil, worries about a surprise pressure in prices, france is now down nearly 20 since opec decided to keep rates steady late last month. Add all these stories together and we have a very jittery market. The dow has shouldered triple gains and losses in the session. The blue chip index swinging 700 points yesterday alone. The dow, nasdaq and the s p closing at their lowest levels since the understand of october. Just a little after 6 00 a. M. Is how we stand right now. The futures look like they are headed up. But as we
Bettinger. And well have that in a few minutes. The stocks fell for the second day. The dow jones barely clinging to gains over year as bond yields continue and adding to anxiety from of all people janet yellen about the stock market during a conversation of lagarde of the imf. I would high lie that equity market evaluations at this point are quite high. They are not so high when you compare the returns on equities to the returns on safe assets like bonds which are also very low. But there are potential dangers there. By the close of trading, the Dow Jones Industrial dropped by 86 points closing at 17,841 at one time it was down almost 200 points the nasdaq fell by 19 and the s p shed nine points. As for the bond yield, it continues to decline and bob pisani has more on why the stock market is bothered by the high rates. Stocks dropped again today and agai traders are having trouble digesting a drop. The yields had been rising for days and today the yields rose to the highest in months
European stocks may surge 70 by the end of 2016. They offer investors a historic yield pick up over corporate and government bonds. The stocks havent been this cheap for more than 50 years. When yields go negative thats what can happen. Dallas fed president Richard Fisher is calling for the central bank to end its Monetary Policy and press ahead with the Interest Rate hikes. He is steps down after ten years at the fed. Its been ten years . We know hell probably be an nbc contributor . I would think. Put in a call. Really take his career to the next level. We should definitely do this. Definitely. Take his career to the next level. Really make something of himself. Among our stocks to watch this morning, qualcomm announcing it will buy back up to 15 billion of its shares and share its quarterly dividend. Shares of Urban Outfitters getting a boost. Posting better than expected squartly results. Same store sales rising for the first time in a year and Sky Works Solutions will join the s p