Crushed, just crushed, when the Federal Reserve finally pulled the plug on its bondbuying program. Turns out they were wrong. They were deadwrong. But will they ever apologize for driving people out of stocks . For some of the most amazing gains in the history of the market. Gains that continue today with the dow rallying 221 points, s p climbing 6. 2 , and the nasdaq advancing. 27 . Nah, never. Theyre never going to do it. But we have to review whats happening here because it should never be forgotten. And as my late mom always told me, you have to speak up for yourself, because you cant count on anyone else speaking up for you. For what seems like ages now, these pundits have warned us endlessly that the moment the Federal Reserve stops its Bond Buying Program, the quintessential reason why the market is going up, known as qe3, this is what theyd say, wed be hit with a parade of horribles. Whos in the parade . What dire forecast became gospel . Let me tell you the five that have been
And the nasdaq up by just over two points. First, andrew has some of the days corporate stories. Good morning. Thank you, becky. Good morning to you. Gopro is expected to price its ipo after the closing bell. Its expected to be the Largest Electronics debut. To mark todays pricing, we have a gopro right here on the set, joe. Yeah. I dont know if you see this. Im now taking an image of you. Come of, come over. Is it a video gapemaker . No, no, its just the camera itself. We just said video gamemaker gopro. No, its a videomaker. It makes videos. You see the double box. Thats a little better for the viewers, probably. Nick invented it. Hes a surfer. He was surfing through bali, indonesia, australia and came up with the idea of want to go be able to like if you want to punished it on the front so you can videotape yourself while doing it. We have him on the show tomorrow. We can show my skiing stuff. Theyre waterproof, you play around with them. Weve also talked about what your plans were
Kerry is visiting jordan and saudi arabia. Defense secretary chuck hagel is making similar efforts in turkey. White house Officials Say president obama spoke over the phone with u. N. Secretarygeneral ban kimoon and australian Prime Minister abbott. Officials from japan and russia have seen their relations grow uneasy in recent months over the conflict in ukraine. Representatives of both governments have got together in moscow to discuss how to improve relations. More than 400 people attended the forum, including a number of business leaders. Delegates from both countries got the chance to express their take on the state of relations. Translator i am disappointed that japans imposing sanctions on russia over the crisis in ukraine. We all recognize that even a temporary halt in cooperation would make it difficult to build a relationship of trust. Translator if japan russia cant settle their territorial dispute in a manner thats acceptable to both countries, a true and stable friendship
Saudi arabia. Defense secretary chuck hagel is making similar efforts in turkey. White house Officials Say president obama spoke over the phone with u. N. Secretarygeneral ban kimoon and australian Prime Minister abbott. Officials from japan and russia have seen their relations grow uneasy in recent months over the conflict in ukraine. Representatives of both governments have got together in moscow to discuss how to improve relations. More than 400 people attended the forum, including a number of business leaders. Delegates from both countries got the chance to express their take on the state of relations. Translator i am disappointed that japans imposing sanctions on russia over the crisis in ukraine. We all recognize that even a temporary halt in cooperation would make it difficult to build a relationship of trust. Translator if japan russia cant settle their territorial dispute in a manner thats acceptable to both countries, a true and stable friendship will be established. He was r
And the people at sony are changing the picture of their business and are hoping to become more competitive in the hot market for smart phones. Nuclear regulators in japan have taken another step towards restarting power plants and approved safety reports for two reactors in the southwest. The plant becomes the first to meet regulations imposed by the government following the march 2011 nuclear disaster. All 48 of the reactors are offline. The operator of the plant submitted the safety plan to the Nuclear Regulation authority. Officials with the authority assessed the plan and collected more than 17,000 comments from the public. Many called for stricter measures against possible earthquakes, volcano eruptions and serious accidents. The authorities said those wont affect the conclusion. The plant is likely to be the first to restart under the new regulations but the operator must clear more hurdles. They need to gain consent of local municipalities before going back online and must get