the market at it s lows down almost 200 points today. the federal reserve believes that if growth does not pick up soon, the federal reserve will act in terms of providing more stimtlous this market. almost immediately the market reverses course, starts seeing a good rally, cutting the losses in half. financials the big beneficiary. that s where we saw a number of moves on the upside here reversing course at the end of the day. the do you down 103 points. the nasdaq down about 1% at 2862, and the s&p 500 tonight at 1338. it was those reports that the federal reserve is moving closer to act that lifted markets. we bring in strategy talk right now with david cudlan, david steinberg, and keith wertz. how important is new stimulus from the federal reserve right now? the market has been waiting for this announcement for a couple months now. the gdp being released i think the market is preparing the fed is preparing the markets for action on the horizon. why do that? why come
woke to the show. the headlines for today, we re watching china. the ex chief says capital will flow into the nation this year with expectations of strong growth. and meanwhile, speculators prepare as the greek p.m. prepares to meet with the u.s. president. and in the united states, it s the first birthday of what you can call a bull market. welcome to worldwide exchange. i m christine tan here in asia where it s 5:00 p.m. here in singapore. let s get a quick view of where asian markets are trading or have closed for the session today. a mixed picture across the board. nikkei 225 is down 0.2%. the stronger yen hurting the exporters there. but remember, this market rose to six week highs yesterday. the hang seng pretty much flat. the shanghai composite rose 0.5%. a flurry of comments about the yuan. that seems to be keeping investors focused there. and elsewhere in south korea, this is how the picture is looking. pretty much flat picture. bombay sensex trading off a li
i m christine tan. in asia, prima financial and its partners win the auction for aig s taiwan unit in a bid for a deal over $2 billion. and i m ross westgate. an opel deal at last. some finalzation may come this week. we ll believe that when we see it. i m brian shactman here in the u.s. investors look into intel while the senator votes on a major health care reform. hello and welcome to today s program, cnbc s worldwide exchange. it feels like old times with christine and brian. i ll get on to them in just a second. right now, global equities just dipping down in the european session. the ftse cnbc global 300 just down 6 points. we re off nearly 0.25% for the ftse 100 and nearly 0.5% for the cac 40. we have uk inflation coming out in a little while and we re looking ahead to the intel numbers, as well. on the currency markets, the dollar has been under pressure against the aussie again today, but just the fact that stocks have just turned slightly in the last hour or