Were looking at millisecond level trading here and the question is whether or not an unusual pattern of trading indicates that information left that lockup room before the stroke of 2 00 on the atomic clock as was scheduled. Let me walk you through graphics here that detail that unusual possible trading. Starting with the mini futures. This is e mini futures measured in milliseconds after 2 00. The blue vertical line on the left side of your screen thats 2 00 exactly. This has to do, believe it or not, with the speed of light. These are tradeded in chicago. It takes about 7 milliseconds for data traveling at the speed of light to leave washington, d. C. , and get to chicago. The vertical yellow line there, thats the 7 millisecond line. Look what we see in between those two lines. We see trading in the emini starting to sky rocket up before the 7 millisecond speed of light travel time to chicago. The question is, how did that trading happen . Again, look in the gold features. We see a s
Meanwhile, roach is still on the hunt for a targeted acquisition. Sales of nestle and car four tradi carrefour trading in the red. Good morning and welcome. The stoxx 600 was up as much as 1 about an hour or so ago ppts now down just below flat, 0. 13 . But even a decline of 0. 13 does not tell the full story. The uk and germany were both down nearly 3 . Frabs, italy, spain down nearly 4 and greece was down 7 . 7 in one day. What on earth is going on . Unsurprisingly, we see a bit of a bounceback today across the board relative to yesterday. The other european bourses are struggling particularly over the last hour, particularly portugal down 1. 3 . Portugal and greece are now down 30 from their highs earlier this year. Thats significant correction territory and most of the other major bourses in europe are now down 10 from their highs earlier this year. Lets look at bonds. We also have volatility in the bond markets yesterday. In particular, lets check on the u. S. Tenyear. It hit 1. 8
Dow transports finishing at fresh alltime highs. The reason . Federal reserve policy makers decided today to keep Interest Rates right where they are near zero for what they call a quote, considerable time. Now, that is the phrase some fed watchers thought would be dropped from its postmeeting communication. And the thinking was it would have opened the door to higher Interest Rates sooner. Well, not so fast, said the fed chair janet yellin, the rate is not ready, and the lower inflation means the rates can stay low for now, on wall street, major averages shot higher, dow up about 25 points with the high, nasdaq up nine, s p edging back from an historic intraday high this afternoon finishing just two points higher on the day. Prices on tenyear treasuries fell as bond yields jumped to a session peak above 2. 6 , moving up in the past couple of weeks. And the u. S. Dollar gained some ground as well. Hampton pierson has more. Reporter Federal Reserve chair janet yellin delivered a shot to
What was predicted the what the walmarts woes say about the broader economy. And housing disconnect. Home builders are more optimistic than they have been in eight years. Nightly Business Report for thursday, august 15th. Good evening everyone and welcome. The drip, drip, drip of sliding stock prices turned into something more today, Something Like a tarrant. Investors digested troubled news with walmart and cisco and claims mean the Federal Reserve will reduce stimulus sooner rather than later. The dow is 546 points or 3. 5 below the alltime high hit on august 2. The s p 500 is 48 points or 2. 8 below the peak set that day. New todays sell off accounts for half of those declines from the alltime highs, the dow down 225 points, the nasdaq lost 63 and the s p 500 lower by 24. But it wasnt just stocks that fell today. Bond prices tumbled, too, largely on the fed fears. The yield on the tenyear bond is 2. 77 , its highest in two years. Also moving up today were gold prices. They spiked mo
Countdown to the closing bell starts right now. Good afternoon, everybody, im liz claman, happy monday, last hour of trading. Lets focus on u. S. Treasury yields, marching upwards picking up where they left off friday. The tenyear at the high point, there it is, 2. 89 . That is the highest level since july of 2011. Now, the benchmark yield nearly doubled since may as investors grapple with when and how the feds asset buying tapers the market. Will businesses and stocks start to get hurt . Keeping confidence in u. S. Markets is the subject of president obamas meeting going on right now in washington on regulatory reform. The president urges top financial regulators to implement the doddfrank reforms, and theres more than a thousand that have yet to be enacted despite being passed in congress way back in 2010. We need to get to jpmar begin, in the cross hairs of the u. S. Government, this time, nothing to do with the 6 billion london wale trading scandal or complex electricity contracts.