Threat the session. That said, we are bouncing off the lows to some degree. Part of the reason why might be the turnaround we saw in apple shares. Going into todays session, we had an eightsession losing streak aired but the shares are down seeing back today. We are seeing an increase in those shares of more than 1. 50. This being the most heavily weighted stock in the s p 500, it is having at least a little bit of an effect of creating a floor. Shares over the course of the day in wide. The dow and the s p are in yellow and green. They pretty much matched movement for movement throughout the day, although apple clearly is up in the indices are still down. David keeping the market afloat. Energy leading the declines. Julie yes, energy is the group that is doing the worst in the s p 500. That is because true to seeing a tumble of 44 of below 44 a barrel. We will be watching the production numbers closely because we have been seeing sliding production of oil. Index, just a few moments ag
Warrant an increase in the target federal funds rate for at least the next couple meetings. Cory yellen also strongly criticized congressional efforts toward monetary policies say it would put aside the process the politicize the process. David kelly jpmorgan chief global strategist is not optimistic about the outlook. Correct given the state of the grexit given the state of the Greek Economy and the strategy in the last few years, bring greece along long enough for the rest of the periphery and the european economy to get healthy and for the european banks to get healthy. And we are moving a good deal along that road right now. Cory meanwhile, Christine Lagarde and ecb president mario draghi both say that more is needed more strength is need for great reforms. Ukraine accuses the progression rebels of using the truce to reinforce other lines of attack on the ukrainian troops. Meanwhile, Foreign Ministers from russia france, and germany met today to reaffirm their commitment to the cea
The fomc is it that it can begin to normalize policy means that it is unlikely the Economic Conditions will warrant an increase in the target federal funds rate for at least the next couple meetings. Cory yellen also strongly criticized congressional efforts toward monetary policies say it would politicize the process. Cory meanwhile, Christine Lagarde and ecb president mario draghi both say that more strength is needed for great reforms. President obama has vetoed a bill approving the production of the keystone pipeline. The senate will vote to override it the veto. Votes are needed to override in both houses. The pipeline would go through oklahoma, and nebraska. The fbi is offering a reward for the fugitives related to the hacking. He is the hacker known for the game over zeus virus that got over 100 million from victims. Olbermann has been it taken off air from ees be a espn. He continued to send it twitters. After criticizing their difficulty with the english language than all apol
We are watching remarks from janet yellen speaking at 915 9 15 eastern time. First, a look at our top stories this morning. Facing new pressure by the days end. Looking at pushing tougher collateral rules on the banks. Those need the ecb to stay afloat. The greek finance minister is meanwhile up the. To have fruitful discussion to confirm and will be yet another move in the direction. Thank you very much. Betty it will be able to make intelligent way Million Dollar payment due today. The price of oil is rising again. Intermediate trading advertised level this year. Some analysts think u. S. Companies have cut the number of active oil rakes to the fewest in almost five years. We will see whether Oil Inventories are rising when the report comes out. It that will be watched very closely. Agreeing to buy another drugmaker that focuses on treatments were rare diseases. The company says it will pay nearly 8. 5 billion for bio pharma of connecticut. Synergy the is developing similar drugs. Th
Bidding for the top-of-the-range version of the Tesla Cybertruck is already more than double the $100,000 retail price. The acution gives fans a chance to skip the wait of several months.