Doing which. And speaking of the consumer, the high end mostly holding up so far so good thats good news for taylor made, the company taking a big swing at athleisure. But we begin with todays markets and dom chu with the numbers. Its wait and see and you might suspect on a fed Rate Decision we are seeing a mixed market, but its fractional moves and not dramatically so one way or the other. Dow outpacing the broader market, up 93 points 37,908 the s p 500 down 16 points, about 1 3 of 1 . Even at the highs, we were down a modest three points and 22 at the lows so a wait and see type trading rake the nasdaq, 66 points to the downside for the nasdaq composite. 15,591 heres the current state of play for the macro market as we head into the big rate announcement later on, the twoyear note still above the 5 mark the tenyear note yield, 4. 655 there. Comex gold up to 2313 and bitcoin down below the 58,000 mark, down 4. 5 . And then the big cap tech trade, very much about earnings and the s p
Our road map begins with the global stock rally, rolling on dow 25,000 within striking distance that winter storm crippling the eastern u. S. Thousands of flights have been canceled and shares of macys are in focus, as the retailer announces some fresh store closures. We are close to a major milestone on the street. The dow is within 78 points of 25k. Thats a day after another recordsetting session for stocks this would be the fastest thousandpoint surge in history. We know about the law of large numbers, but were talking a little more than 30 days one day, its actually going to be in the front page. You know, look, other than the president s tweets about it, you really dont no ones really focused on this. Theyre more focused on bitcoin, tesla. This is remarkable last night i did a piece where i had to stick my hands into the cake because its not baked in so i think we blow through the number the only thing in my sights that may be negative is that we are going to get a trade decision
Flag. It is like a stroll. Tom ok a greece update their. There. We will have other headlines coming out on it. We need to brief you on greece. We begin our top headlines with vonnie quinn. Vonnie i want to mention that earnings are out as well expected to be 1. 04. Creditors and Alexis Tsipras are negotiating a third bailout. More than three dozen members of his party abandoned him in the final vote. Tsipras warned that the rest of the bell talks will not be easy. Pm tsipras this hard negotiation process is not end here. After the approval of this last package, according to the deal of july 12, we are obliged to negotiate again with the same persistence and fashion in order to negotiate on the terms of the loan. Vonnie tsipras promise to try to approve the final bailout deal. Secretary of state john kerry goes to make his case for the iran deal. Kerry and other officials will testify before the Senate Foreign relations committee. Congress has 60 days to review the agreement. Obama said
Is this the titanic shift we have been waiting for . The speech itself, im not sure the market misinterpreted it. There was a very clear shift in the tone relative to the last policy meeting. It was a dramatic tone. A backslide to explaining how tightening is not really a tightening and i think the hope was, if you explain it that way, Financial Markets will not get into it. I did not read the statement on tuesday to be anywhere near as bearish as the market was taking it. I took it the other way. I think it was a signal from draghi that even if there is further support and tailwind, the central bank is still there. They need to get going early here. Already they are getting going. Jonathan was it eloquent or confusing . Join us our analysts. And from boston, senior Portfolio Manager with the wells fargo asset management. Lets get to the quote itself. These are the words that seem to move markets. This was at the ecb forum in portugal. As the economy continues to recover, the constant
Is this the titanic shift we have been waiting for . The speech itself, im not sure the market misinterpreted it. There was a very clear shift in the tone relative to the last policy meeting. It was a dramatic tone. A backslide to explaining how tightening is not really a tightening and i think the hope was, if you explain it that way, Financial Markets will not get into it. I did not read the statement on tuesday to be anywhere near as bearish as the market was taking it. I took it the other way. I think it was a signal from draghi that even if there is further support and tailwind, the central bank is still there. They need to get going early here. Already they are getting going. Jonathan was it eloquent or confusing . Join us our analysts. And from boston, senior Portfolio Manager with the wells fargo asset management. Lets get to the quote itself. These are the words that seem to move markets. This was at the ecb forum in portugal. As the economy continues to recover, the constant