Markets. What should we know setting up for next week . I did expect a little bit more downside or follow through from what we saw earlier in the week. 50 Day Moving Average is in the s p is, what is it, it is at 1657. We just got through it here on the close. Technically if we want to look where the next 100 Day Moving Average is 23 points down from the s p from here. That will be focus next week in the s p. Will the fed through the minutes or any of the discussion get us to that level. Right now treasury yields look rather robust here above 2. 80. David robust. A lot of people would say scary at above 2. 8. When you think where it has come from may. Down 1. 6. It almost doubled. Are traders concerned that this pace might continue, because if it does, were looking 5, 6 Interest Rates by the end of the year. Slow down there, pally. No, no. What is important to remember this. The historical levels we came from were insane. It was well overdone. At the same time we knew, as soon as we sa
News. Big picture, watching the housing numbers showing good news for multifamily homes. Less so for fan vote Single Family homes which is less great news ultimately. The one week jarred, the fact of the dow is down over 2 . A lot of that, tough news from walmart. Bouncing back a little bit. Down about 2 for the week. And actually month today also down just over 2 . A lot of that really just coming from this week alone. Our steepest weekly decline in about four months since april. Lori will see you in 15 minutes. Tracy fears of the fed tapir leaking into the bond market pushing the ten year yielded near twoyear highs. My next guest says investors may be right to be concerned. Quickly running out of excuses not to taper. The director of fixedincome strategy. Nice to me you. What is behind this of yours . The fed is quickly running and of excuses not to taper. Think of it as a check sheet where theyre marking things off as to whether they should taper or not. As the day continues to come
Catapulted the likes of john void and glenn close in the hollywood elite. That and a lot more coming up here on this friday. Dagen adjusted give over charles talking about you knocking out mike tyson. Connell i could take him, i and might. Dagen you could not command if you were driving a car. Connell im waiting furred these market philosophies. The first time i ever heard that dagen reset below this market more than yesterday. Again, backtoback triple digit declines. Down more than 300 poised to start the day, but a little bit better. Nicole petallides is at the new york Stock Exchange. Reporter things are improving. Is there was a tough day. A turnaround in the dow above 18 points. The week is a losing week. Right now the Dow Jones Industrials, 15,128. Amigos last friday we were around 15,004. Ddc that we have had a tough week this week. Obviously concerns about the fed tapering. Interest rates running up. The ten year is just over two and threequarters. Some mixed housing data as we
Vehicle. They were so close that he recognized his face. Reporter San Bernardino officials caught up with borner at a cabin. Theres a tactical situation right here. Reporter according to source they shot tear gas into the home important,ly leading to the fire. And ending one of the regions most extensive and deadly man hunts. Sadly, a sheriffs deputy was killed during a gun battle at that cabin and right now investigators are still in the process of trying to positively i. D. Those human remains. Richard, back to you. Thank you so much. Now to reaction thats rolling into president obamas state of the Union Address last night. Democrats calling it a lecture for both suicide a broad brush while republicans complain about lack of details to fix the economy. Tracie potts has details from washington for us. Good morning. Reporter the day after president obama heads to North Carolina we just got detail of that trip. Hes going to a plant that just hired 160 workers, one of the hall marks of h
Unconventional white house quickly shaping up to be a family affair. Trumps three eldest children all sitting in on a meeting with the nations top tech executives wednesday. Some who openly supported hillary clinton. We want you to keep going with the incredible innovation. Theres nobody like you in the world. In the world. Nobody like the people in this room. And anything we can do to help this go along and well be there for you. Reporter kushner helped organize the meeting which the group says will happen quarterly. He will get an office in the west wing and an advisory role similar to the one he held throughout trumps campaign. Ivanka is also expected to take on an active role, including some duties for the first lady. With aides planning to overhaul the Traditional Office of the first lady turning it into the office of the first family. Shes so strong and child care and so many things nobody could do better than her. Reporter as both donald jr. And eric take hands on roles in their