Todays statement looked very much like the last statement. After that statement came out, money did move into stocks. Even though we know weve got some stocks for sale going into the final hour, we are we are pretty strong and in record territory in the s p 500. And for the dow as well. And for the Dow Jones Industrials. So this would be the secondbest month of the year if you like that. To stay tuned. All kinds of statistics to throw at you like that. Real good stuff. For more on how the fed has impacted the market, were joined by edward from jhs capital advisors, michael from destination wealth management, michael from panto portfolio and our own Steve Liesman and rick santelli. Lets kick it off with you, steve. What did you hear from the fed . Reporter i thought two things happening, what was in the statement and what wasnt. Let me do what was in the statement real quick. The economy was changed from being moderate to modest. A very slight downgrade to the economy. Inclusion of the
Buy, neutral, comes after young sales in china disappointed on some can chicken issues there. Thats one to follow. Goldman downgrading shares of young. Linked in, buy ahead of earnings. Buy toll. Virtual, doc. Gap stores, 34. Long ieo and Energy Player etf. I think it goes higher. That does it for us. Dont forts to catch more fast at 5 00 p. M. , follow me on twitter and scott wapner cnbc. Power lunch starts right now. Indeed it does. Welcome to power lunch, everybody. Bulls, large and in charge. The dow trying to wipe out mondays triple digit loss. We have two breaking news stories this hour. President obama to speak in 15 minutes time. He will ask congress to come up with shortterm packages to put off automotiatic spending cuts. Hampton, we begin with you, Budget Office right now releasing its budget and economic outlook. Give us details. Reporter the Budget Office, assumes no change in current laws, 2013 fiscal year budget deficit, 845 billion. Cbo projects first time below 1 trilli
Mystery grows deeper in the notre dame football hoax. The girl portrayed as manti teos girlfriend is alive. And here she is. And when did he really find out she didnt exist . And isnt she lovely . The first lady, revealing a brandnew look on her birthday. And the eve of the inauguration this weekend. This morning, well meet the man behind her splashy style as the reviews are coming in, thumbs up. Good morning, america. Hello to robin at home. We have three, big stories developing overnight. Lets get to the breaking news on the hostage situation in algeria. Several americans involved. Martha raddatz has the latest from rome. Good morning, martha. Reporter good morning, george. There are still n lear wers this morning. It is a very volatile situation. And still ongoing. This morning, the fate of as many as five american citizens, along with dozens of others, from places like britain and france, remains unclear, after algerian troops in helicopters stormed this natural gas facility. It ap
The Union government has asked the board of Infrastructure Leasing and Financial Services Ltd (IL&FS) to recover excess remuneration worth Rs150 crore paid to the former directors of IL&FS Financial Services Ltd (IFIN) and IL&FS Transport Network (ITNL).
This comes after IL&FS and the two arms in question had to recently reissue their account statements to show losses of Rs 9,600 crore for financial years 2013 to 2018, instead of a profit of Rs 1,869 crore originally shown. The original account had to be superseded following the unearthing of massive irregularities.