Well. An interesting reaction to what we got out of the fed today. For more analysis, lindstedt deeper with abigail. Everyone is paying attention to the possible liquidity crunch. Going skyhigh. Not so much over the last today. Lets look at this rate coming back down as the fed did one yesterday then again today injecting liquidity into the system. Yesterday and analysts said there was not a liquidity crunch or anything to be worried about. These are the puts on the s p 500. You can to the bearish interest spiking skyhigh in october then again in december. This year pretty low as we have had stocks going higher. In august you see that it was high but more recently, look at this actually coming down as the overnight lending rates were going higher telling you that the bearish options investors are not that bearish. I wanted to take a look at dollars dynamics and the strengthening in the dollar that we saw in that announcement particularly because the fed might be more hawkish than origi
Sanctions. Partslan to sell vehicle to help its turnaround and get back on track. It is also still looking for a new ceo. Shery lets check the markets. U. S. Futures unchanged at the moment. U. S. Stocks struggled throughout the session. S p 500 slumping after the fed rate decision. Markets taking it is a hawkish cut. In fact it did recover towards the end but it finished basically unchanged. We also had Energy Stocks dragging on the index. Crude falling for the last two sessions after that 15 gain we saw monday. At the moment unchanged, below 60 a barrel. Financials gaining ground today. We had yields plunging after the fed intervened and the repo markets injecting cash to soothe the money markets. That was paired back a little bit after the fed rate decision. 10yearold 10 year yield finishing around 1. 80. Paul some breaking news on the bloomberg terminal. The Hong Kong Monetary authority is cutting its base rate to 2. 25 . Pretty much as expected after the fed move today. So we have
Earnest with an announcement by the president and office of management and budget. Welcome to the washington journal. As the sequestration has begun, 85 billion is at stake. You have heard from the president and the speaker of the house. Now it is your turn to weigh in on the mandatory budget cuts that are taking effect effective today. The number is 2025853884, democrats 2025853881 for republicans 2025853882 for independents. You can also send us an email, the addresses there. We want to begin by showing you some of the headlines around the country, beginning with the chicago tribune, regarding the sequestration. The president s home town newspaper from the Atlanta Journal constitution, and on the front page of the Long Beach Press telegram, they say the sequestration will cost 250,000 will cost 750,000 jobs. This morning in the fort wayne indiana, no end in sight. We are going to take a look at more of the covers. Lets go to the phones. First of this terry in hagerstown first up is t
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