Not spooked by anything happening at Federal Reserve and dow, nasdaq and s p at records at the moment after the Federal Reserve held rates stead i did for fifth meeting in the row and fed chair Jerome Powell answering questions for reporters. Lets go back there live. Early parts of the Pandemic Recovery have mostly been resolved. Youre seeing high job growth, youre seeing big increases in supply. Youre seeing strong wage growth but wage growth is gradually moderating down to more sustainable levels in many, many respects and the things are returning more to their state in 2019, which we can think of normal for this purpose. Thats job openings and quits and surveys of workers and businesses are interesting on this and how tight is the how easy to find a job and how easy it is to find a worker. Those have both those surveys have both come down. The labor market is in good shape. You know, you do see things like the low hiring rate. And people made the argument that if layoffs were to inc
The end of the day. The nasdaq earlier this week daysile, closing down two for the first time in 2018. Overall a bullish tone here. Up four basiseld, points. The havens bonds are selling off , completing a risk on picture. A team of strategist said bank of Americamerrill Lynch say the bonds selloff might be a little bit stretched. We are looking at the 10 year yield in relation to the 200 Day Moving Average, and it has gotten well above the 200 Day Moving Average by about 30 basis points. It tends to move back down to the mean then. So in other words, the 10 year yield might fall back down 2. 3 . In that case, bonds would be rallying and it would be a risk off tone. But today, risk on. Lets look at two of the major winners, intel and abby. Afterat its highest level beating estimates. They gained an optimistic outlook for the Current Quarter for the full year, and some relief for investors that the chip design flaw is not waiting into the forecast. , up 12. 9 k at abbvie after beating a
66, 95 beltway and also dealing with a lot of heavy traffic well help you gets around that with a look at traffic. Lets look at headlines breaking overnight from asia specifically south korea where today u. S. Military has been delivering commonwealth for controversial disle Defense System and u. S. Personal sit setting the system app aosan missile base coming four days. They plan to have that rational by end of year. Now that ak give night not taken by russia and china add a curety threat. It china saying it will take measures against the new u. S. Missile system. New photos showing kim jong um watch four Ballistic Missiles yesterday. Capitol hill republicans repleased replacement plan for affordable that could release the plan to congress as early as tomorrow. It will lookly face contention. Live with mel. Reporter good morning, steve, allison, its called America Health care act this grill proposal will be closed over the next few days to see it reps dliv on healthcare costs without
66, 95 beltway and also dealing with a lot of heavy traffic well help you gets around that with a look at traffic. Lets look at headlines breaking overnight from asia specifically south korea where today u. S. Military has been delivering commonwealth for controversial disle Defense System and u. S. Personal sit setting the system app aosan missile base coming four days. They plan to have that rational by end of year. Now that ak give night not taken by russia and china add a curety threat. It china saying it will take measures against the new u. S. Missile system. New photos showing kim jong um watch four Ballistic Missiles yesterday. Capitol hill republicans repleased replacement plan for affordable that could release the plan to congress as early as tomorrow. It will lookly face contention. Live with mel. Reporter good morning, steve, allison, its called America Health care act this grill proposal will be closed over the next few days to see it reps dliv on healthcare costs without
Demonstration by discussion and by style. Clinton aides say they are not taking anything for granted. Just last weekend we knocked on 8 million doors and made 6 million phone calls across the country, we are doing that in philadelphia also. The wait online as long as it takes. Ill wait, 45 minutes, im staying right here i aint going nowhere. She is determined to be counted. Hillary clintons top advisers do feel good about turnout but a bit nervous until the final ballot is cast. We have the results from the javits center, back to you brian and sharrie. Lets switch live to Rick Williams live at trump headquarters in midtown manhattan. Reporter hi brian that is right. After close to 600 days of crisscrossing the country and Holding Events at fair grounds and stadiums and arenas for donald trump it comes here to the ballroom in midtown manhattan. Donald trump hopes its a victory celebration as well. Donald trump according to supporters wanted to to be an intimate affair a small type of pa