Today will be the tiebreaker at least but it just tells you a lot about the month. Its been up its been down. In fact an even number of times. But whats also interesting, lets all remember this is the day before the fed announcement and usually you get a very quiet day ahead of that and youre getting anything but right now. Triggers arent taking a stand either up or down ahead of the fed meeting. Final hour of trade begins with the dow down 129 points after a strong session yesterday. Interestingly, its not like yesterday where all the indexes were up by about the same amount. The dow is giving up almost 0. 75 . The s p doing better only off 6 points. A third of a percent. And the nasdaq did turn green on the session. Its up by almost 7 points to 4,936. Some interesting moves. Lets see what oil has been doing as well. Down another 73 cents or 1. 6 . Were sitting near sixyear lows for the price of oil, and i happen to know also that the price of gold has been very volatile in todays tra
Now that the hockey match is over, a lot of people are focusing their attention on whats happening in ukraine. Plus more fallout of facebooks shocking acquisition. Kevin oleary said he might short facebook because of the deal. Coming up, a major facebook investor is here to tell us why he sold every share he owned. In a word hes now a zucker bear. His word, not ours. Bank ceos back in the media glare as the president complains about a minimum wage he says is too low. Bank heads are getting big fat raises. How big . Well, Kayla Tausche will be here with the numbers. Here is where we stand in the markets. The dow a off 10 points. The s p just fractionally lower. The nasdaq is just barely positive, up about one point, 4,269 is the level as we have watched it at its highest levels since the year 2000. And the s p 500 despite turning slightly lower is only 9 points off its closing high. How many times can we test that high again before it fails . Well keep an eye on that. Okay, kids, gather
Assessment. And of course, there were a lot of practices in connection with mortgage lending that really need to be changed. We dont want to go back to those days, but it is important to clarify for us, to work to clarify the rules around mortgage lending to create an environment of greater certainty for lenders to be willing to extend mortgage credit. Good afternoon. Jason lang with reuters. Chairman yellen, the fed has slashed its growth projections for this year, and youve gone to pains to explain that there is uncertainty in the path of Interest Rates and the economy. And yet, the feds central tendency projections for 2015 and 2016 remain quite strong. Are you confident that the u. S. Economy has entered a period of sustained, abovetrend Economic Growth . Thank you. Well, when you say confident, i suppose the answer is no, because there is uncertainty, but i think there are many good reasons why we should see a period of sustained growth in excess of the economys potential. We have
The statement says significant underutilization of labor resources and a very modest pace of wage increases thats picked up very little i see as essentially a reflection of that. The wall street journal. I want to come back to the Interest Rate projections that put out today. The public i think would be enlightened by knowing a bit more about where you stand in relation to these projections. And with that in mind and in the name of transparency, i wonder if you could describe to us whether youre at the low end of those projections within the central tendency or at the high end . I also want to ask you about a San Francisco fed paper that came out recently which suggested that Market Expectations have been running below the fed zone projections. So i wanted to ask you if you see that as well and whether its at all troubling that Market Expectations might not be aligned with what the fed put out today. So with respect to identifying myself, the committee has had discussions during the ye