Yes, we will take her News Conference with lots of news breaking there. To your money, on the surface, sure, the markets show real resiliency at this hour. Dow is up 234 points, s p jumping as well, both have surged their way back into positive territory for the year. The nasdaq up 123 points. Biggest percentage jump of all three, up nearly 2 here. If you scratch lightly beneath the surface of these numbers, we spotted hot lava bubbling up in the form of higher 10year yield. Look at this. It is spiking this afternoon. This morning when we were checking it, it was 2. 89. Then it jumped to 2. 9. Now its at 2. 916. It is up 8 basis points. So again, this same Interest Rate move to the upside is back in play, due to a piece of data we got. Ill get you more on that in a second. And one key industry to the administrations infrastructure plan could be calling it quits or saying were sitting this one out. Bipartisan reaction on capitol hill. Were less than an hour to the closing bell. Lets sta
Suspension is too severe considering dallas defensive end breath hardy will serve the same fourgame suspension for his role in a Domestic Violence case. Nfl Players Association and brady are widely expected to challenge this decision in federal court which if he get as injunction would allow him to play while the case makes its way through the courts. Melissa were waiting for results from twitter, to see if the company bounces back after catastrophic april Earnings Report that eroded 25 of the companys market cap overnight. Which have gary kaltbaum, kaltbaum Capital Management and Fox News Contributor and kelvin kelly, recon partners. Thanks to you both for joining us. Gary, what are you expecting here . The good news the stock is weighed down but it is bad news because it tells you what the market expects of it. They will probably meet estimates or beat by a penny as the usually does. For a stock, throw a ball in the area. Will be about the reaction if it is good one it will go back o
The statement the following. I quote. The committee currently expects to implementing Balance Sheet Normalization Program earlier this year, provided that the economy evolves broadly than anticipated. In a separate press release, trish, they outline how all of this will work. Fed will begin to unwind the Balance Sheet by allowing 6 billion to roll off monthly initially, 6 billion at threemonth intervals over 12 months until it reaches 30 billion per month. Separately as relates to mortgagebacked securities, 4 billion a month initially. Will increase to 4 billion over threemonth intervals to 12 months until it reaches 20 billion per month. As far as relates to long term projackses here, the fc projects here, three rate hikes this year. They dropped their projection from march earlier this year, from 1. 9 to 1. 6 . They raised gdp slightly. Longer term relates to unemployment 2018 and 2019 they dropped it down to 4. 2 from 4. 5 . Rate hike of a quarter of a point. Neel kashkari the lone
WASHINGTON (DC News Now) — Metro Transit Police (MTPD) said two people were arrested after a fight on a 70 Metrobus on Sunday afternoon. MPTD said the incident happened at 5929 Georgia Ave. NW. Police said 36-year-old DeAngelo Reed boarded the bus, and after a verbal argument, assaulted 54-year-old Kelvin Kelly. Kelly then stabbed Reed. […]