from the fed: it is closely monitoring incoming information about the economy. this is the same kind of language the fed used the last time it launched a new bond buying program. the fed s assessment of the u.s. economy was also pretty gloomy. it said economic activity decelerated over the first half of this year. employment growth has been slow in recent months. the housing sector remains depressed. and household spending has risen at a slower pace. susie: investors were disappointed that the fed decided to stick to its current policies. all of the major averages were in the red. the dow lost 32 points, the nasdaq fell 20, and the s&p off four points. we have two reports, looking at the fed decision, and market reaction. we begin in washington with darren gersh. the federal reserve has concluded the economy is slowing, which raises an obvious question. well, okay, now what are you going to do about it. well, they didn t do anything about it. they said they are there fo
economy. tom: susie, the key words from the fed: it is closely monitoring incoming information about the economy. this is the same kind of language the fed used the last time it launched a new bond buying program. the fed s assessment of the u.s. economy was also pretty gloomy. it said economic activity decelerated over the first half of this year. employment growth has been slow in recent months. the housing sector remains depressed. and household spending has risen at a slower pace. susie: investors were disappointed that the fed decided to stick to its current policies. all of the major averages were in the red. the dow lost 32 points, the nasdaq fell 20, and the s&p off four points. we have two reports, looking at the fed decision, and market reaction. we begin in washington with darren gersh. the federal reserve has concluded the economy is slowing, which raises an obvious question. well, okay, now what are you going to do about it. well, they didn t do anything
also the point at which banks in this country are simply too complicated to manage. i m carl quintanilla, along with melissa lee, david faber, jim cramer at the nyse. two day roller coaster. triple digit losses monday. guided back tuesday. dow at its highest level since may. europe inches toward this weekend s greek elections. a lot more on what yields are doing over there in a moment. our road map starts on capitol hill. all eyes on dimon. will this hearing lay the groundwork for tightening of the volcker rule and a tougher regulatory environment for banks across the board? cramer says the market is one big rumor mill. we are going to travel to cramerica for some answers. not lovining it. business news on the web is about to change thanks to us. cnbc forging a strategic alliance with yahoo! finance. we will be the premiere content provider for the yahoo! finance network. first, jp morgan chase ceo jamie dimon set to testify in about an hour from now. his testimony
look at where stocks may be headed. reporter: for stock investors, today was certainly an improvement after friday s big sell-off. but, even though trading was calmer, market pros say anxiety about spain and greece remains high. i still think the tone to the market is somewhat negative. i think very politically driven and very headline driven. and, so to that end we look at it very minute to minute to see what s developing in europe. reporter: with the dow hovering at 12,000, it s anyone s guess whether the next milestone will be 11,000 or 13,000. that could depend on corporate profits, not just europe. second quarter results aren t looking too helpful. currently, q2 profit growth for s&p 500 firms is expected to be flat. at the start of this year, analysts were looking for a more optimistic 4%. still, some experts say lowered expectations are easier for corporate america to beat. companies are doing very well, and the end of the day when you invest in the stock marke
reporter: for stock investors, today was certainly an improvement after friday s big sell-off. but, even though trading was calmer, market pros say anxiety about spain and greece remains high. i still think the tone to the market is somewhat negative. i think very politically driven and very headline driven. and, so to that end we look at it very minute to minute to see what s developing in europe. reporter: with the dow hovering at 12,000, it s anyone s guess whether the next milestone will be 11,000 or 13,000. that could depend on corporate profits, not just europe. second quarter results aren t looking too helpful. currently, q2 profit growth for s&p 500 firms is expected to be flat. at the start of this year, analysts were looking for a more optimistic 4%. still, some experts say lowered expectations are easier for corporate america to beat. companies are doing very well, and the end of the day when you invest in the stock market, you re ultimately investing in co