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
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
Seven 00 a. M. , Mortgage Applications are coming out and then Housing Starts and then Building Permits and then the fomc rate decision. There were two big winners in the second biggest lottery jackpot. I could be one of those people but so far, the Winning Tickets were sold in california and georgia and the two winners will a 63600 36 million million total. There could be more, you never know. I won 40 once. We won seven dollars once. Lets do a data check as i cap my winnings from the lottery. Up two daysrket is in a row. All of that is on the back of emergingmarket currencies which are fragile. Go onto our Second Screen screen which is more eclectic. The vxx is well over 16. Indonesia is challenged at 7. 72 . Yieldk at the 10 year like mortgages and the pros are looking at the two year yield. We scour the papers this morning for the front pages. What about Virtual Currencies . China is cracking down on that coin. On bitcoin. The central bank Band Financial institution from dealing wi
Christina romer former chair of the provides council of Economic Advisor and a professor at berkley. Whats always impressed me about janet is she doesnt just stick to one idea, shes always saying am i missing something, is there some other idea that might be right here, is there more research we need to do. And i think in these kind of times when Monetary Policy is much more complicated and changing so rapidly, that kind of flexibility and watching the data and watching the new research as it comes through i think will serve her incredibly well. Rose we conclude this evening with sting, his new album and his new Musical Theatre piece headed for broadway is called the last ship. Rose the nomination of janet yellen and the music of sting when we continue. Captioning sponsored by Rose Communications from our studios in new york city, this is charlie rose. If confirmed by the senate i pledge to do my utmost to keep that trust and meet the great responsibilities that congress has entrusted
Christina romer former chair of the provides council of Economic Advisor and a professor at berkley. Whats always impressed me about janet is she doesnt just stick to one idea, shes always saying am i missing something, is there some other idea that might be right here, is there more research we need to do. And i think in these kind of times when Monetary Policy is much more complicated and changing so rapidly, that kind of flexibility and watching the data and watching the new research as it comes through i think will serve her incredibly well. Rose we conclude this evening with sting, his new album and his new Musical Theatre piece headed for broadway is called the last ship. Rose the nomination of janet yellen and the music of sting when we continue. Captioning sponsored by Rose Communications from our studios in new york city, this is charlie rose. If confirmed by the senate i pledge to do my utmost to keep that trust and meet the great responsibilities that congress has entrusted