Were peppy boys. Three down weeks in a row for stocks. It looks like weget out of the gate in a positive way. Dow would open higher by 133. The s p is good for 21. Still early with the nasdaq which has been beaten up is up 89. Bond yields here come after declines of 2 last week for each of the major averages. Treasury yields spis part of th story. 10year treasury eased off last week, but still at 4. 29. Steve. The upper end of the range recently. 4. 30. Some people telling me 4. 50 is not out of the question. A lighter touch from the China Central bank. Lowered the oneyear prime rate by ten points. Economists expected 15point cut. The economists expected a 15basis point rate cut to the fiveyear prime rate. Major indices in china were down across the board. Palo alto here for liesmaniacs want to talk about the fed. Palo alto. You must have been talking about this. It is odd they did the release on the summer friday in the afternoon. It wasnt a bad one. It was a good one. Everybody thoug
I am Maria Bartiromo tuesday march 19, your top stories right now, 6 00 a. M. On the east co coast. The fed and focus, futures indicating again at the start of trading, take a look, as the Central Banks march meeting begins today at 9 00 a. M. Eastern the markets are lower the dow industrial down 56, the nasdaq 1055 and s p 500 lower by 11 and three quarters. The meeting is coming up and were watching for any clarity on when the Federal Reserve cut Interest Rates this year. Data on deck Housing Starts and Building Permits 8 30 a. M. Eastern. European markets are mixed. Eurozone next down two points, the cat crown up to 20 and dax higher by 30 points. The bank of england will make the right decision on thursday. In asia overnight markets finish mostly lower, the bank of japan raising Interest Rates for the first time in 17 years. That has the average overnight up two thirds of 8 , the others were lower. The worst performer hong kong with the decline of one and a quarter percent. Back at
And selling today. There are those three stocks, tesla is down again as another firm gets negative on that name, now the worstperforming stock in the s p 500 losing another 5 today and barely hanging onto 160 as you saw, tough day for small caps as the rate is up, the russell is lower, it does take us to our talk, the return of volatility and if investors need to prepare for a pickup, especially with another federal meeting looming, lets ask joe terranova. Hes a cnbc contributor, is that your expectation . Is that what we are trending, its about to get interesting for little bit . I think the market will get very moody and that the day for dangerous place for investors, we have been trading off of a sunny disposition, the personality of the market, now you get into this environment where its about the mood, Everyone Wants to be a monday morning armchair economist which is the most dangerous and worst thing you could be doing right now. I can think of nothing more exciting. Exactly. Eve
The marines name was collins. He pulled over to help a driver in an accident and thats when police say he was struck and killed. Bill donald stopped to help a driver of a van hit by a red tow truck. Video shows the driver of that red truck fleeing the scene. Garrett tenney has the story from the midwest bureau. What happened . Inside that minivan that was hit Early Saturday Morning was a mother and daughter who marine veteran helped pull out of the car and get to the side of the highway for safety only to have a suspected Drunk Driver Run into the van and almost into that mother and daughter. If it werent for Trey Shelleding them with his own body. He leaves behind his wife an a two eared daughter. Ice confirms the driver of the car, a 33yearold was in the country illegally and is now being held on an immigration detainer. So far she is charged with Intoxication Manslaughter and intoxication assault with a vehicle. Treys family is speaking out for the First Time Since his death and his
Prices that is the cost paid by business went up. 1. 6 . That that suggests another uptick in price rises. Month to month Producer Prices up a strong 0. 6 . That means the pace of price increases is speeding up. The bottom line here, inflation running a little hotter. What impact on the extraordinary bull market . Well, ill show you with, no if impact that i can see. Before those numbers were released, the dow and the and nasdaq were up sharply. Theyre still up after a those numbers. Dow up 100, s p up, what, 9 points, 30 points 40 points up for the nasdaq. The inflation uptick did not hurt stocks that much. Interest rates, theyre at elevated levels. The 10year treasury now yields 4. 23, and the 2year is well above 4. 5 , youre looking at 4. 66. That didnt hurt the stock market. Bitcoin, well, thats holding firm, 72,000 and change, 72,8. Oil, 80 a barrel this morning. Yeah, 80. 47. Gas going up again, regular average as 3. 41. Its up 2 cents overnight. No change for diesel, 4. 03. All