And weigh on an already struggling global economy. It crept into the market yesterday and remained there today, pushing the s p 500 into negative territory for the year. By the close, the Dow Jones Industrial average fell 91 points to 17,435. It had been down nearly 200. The nasdaq was up 26, the s p 500 lost 7. Domenic chu has more on todays slide. A fresh round of worries crept back in the markets as traders continue to digest headlines from the Federal Reserve and key Earnings Reports. The weakness comes a day after the fed left the door open for a possible Interest Rate increase next month and earlier today new york Federal Reserve president bill dudley reiterated the same stance. Im convinced my own forecast is on track. Then i think a tightening in the summer, the june july time frame is a reasonable expectation. It is a question of whether the car cooperates and performs in line with my personal expectations. Interest rate concerns were just part of the picture. You had more unc
And weigh on an already struggling global economy. It crept into the market yesterday and remained there today, pushing the s p 500 into negative territory for the year. By the close, the Dow Jones Industrial average fell 91 points to 17,435. It had been down nearly 200. The nasdaq was up 26, the s p 500 lost 7. Domenic chu has more on todays slide. A fresh round of worries crept back in the markets as traders continue to digest headlines from the Federal Reserve and key Earnings Reports. The weakness comes a day after the fed left the door open for a possible Interest Rate increase next month and earlier today new york Federal Reserve president bill dudley reiterated the same stance. Im convinced my own forecast is on track. Then i think a tightening in the summer, the june july time frame is a reasonable expectation. It is a question of whether the car cooperates and performs in line with my personal expectations. Interest rate concerns were just part of the picture. You had more unc
Important jobs report tomorrow. So would it be better for stocks strong report or a weak report . Is good news good news . What is the deal here . For stocks specifically, i think you want a weak report. A strong report back into the corner that they dont want to get themselves backed into it. I think the data, the last six or nine months mixed at best. If you want to be bull initiative stocks at these levels, i think to answer your question you need a weak jobs report. I think people feel the data is getting increasingly weaker. Youre at place where the u. S. Economy is weakening, whether the fed or other Central Banks are doing what they need to do. I think you need to see a strong number. Your presumption is the fed is going to go. We got out of a fed meeting last week and no one said it was going to go in june. I think the market needs to see good data. Good equals good. Bad equals bad. Its been down all week, people are starting to worry the claims numbers. Maybe some softening in
Scorecard later this hour to see where things stand after a busy week this week. While thats happening were counting down to the feds next decision. The Central Banks twoday meeting kicking off tomorrow with the policy meeting wednesday at 2 00 p. M. Eastern time. The economists not expecting a rate hike. No News Conference after the decision this time around. That leads up to the main event of the week. Cnbcs republican president ial debate. It starts at 5 00 p. M. Eastern time. This week . This week. Are you ready . I thought you were leaving. I am no, thats tomorrow. I was leaving on a tuesday on a jet plane. Im leaving youre leaving today . Uhhuh. Whos in tomorrow . I dont know. You two. Just us. Just the guys. All right. There you have it. Michelle is here, too. Michelle is coming. When is apple . Tomorrow. Im about to talk about apple. You are . Because i dont im torn. Im split. I think its going to be very interesting because well see a lot about china. You want to but do you th
Hampered growth in the early part of the year that was in the event that eyepopping number showing the economy contracted nearly 3 in the first quarter. But then slowly the economy seems to be finding its footing again. So does that mean were on track for stronger growth in the second half . Steve liesman takes a look. Here is what to watch for in the economy in the second half. The best guess is that the economy and jobs will both strengthen. Is not so much because of any positives, but the lack of negative ones. Most economists see 2014 as a year where the headwinds that have held back growth are easing up. The political high jinks that hobbled the economy last year like the fight to the death over the budget resulting in the Government Shutdown seems to have been resolved at least for now. Job growth hurt by a severe winter look to be picking up. Europe seems to be clawing its way back, at least no longer negative. The big challenge weve been maintaining 200,000 plus job growth mont