Sure, but not overly expensive. Are there some risks out there . Of course. The tenyear rate is probably reaching the threshold. Its at a 27month high today. 2. 5. Probably you now have to start worrying about it. The damage has been done so far. Its not turned off the Housing Market, which is the one worry you would have, and if it did turn off the Housing Market, you can bet that the fed would back off the peddle a little bit as far as rate hikes go. They dont want the Housing Market to crater at this point in time. Steve liesman, you got the fed meeting this week. Whats the risk in the red rick th that came out of the fed . They embrace what this market is thinking about the future when it comes to rates and when it comes to inflation. What the fed has told me in interviews leading up to this is, hey theres a risk if they do that, and then you see the fed outlook with higher rate outlook and higher inflation outlook. I feel like were getting to the point where almost everybody wants
President ial rival Carly Fiorina take a ride in the golden elevator. Joe mansion leaving just moments ago after spending more than an hour upstairs. The chatter is he could be energy secretary. We need to look at an entire sector that is freezing up at this hour after donald trump threw cold water and ice and snow at it. He said its way over budget. The entire sector is tanking right now. Wall street veterans on the ongoing attack on specific businesses and who could next feel the wrath of his twitter humor. Charlie is going to break a big story. And jeff flock is freezing to death. We are less than an hour to the closing bell. We are live and life and we are bringing all of the action tick by tick in this final hour. Lets start the countdown. Breaking news it is now official we have this president elect donald trump has Just Announced that gary cohn the former president of Goldman Sachs he will be the director of the neck is sternal economic council. This is a very powerful position.
Nasdaq down 8 10 of 1 . The nasdaq holding near a fourweek low. Talking about tech, talking about health care. If you look at the function on the bloomberg, you can see that Health Care Just leaving just leading that decline while tech is being led down by apple and some of its patent issues in china. We are seeing some weakness throughout the year in the sector. Now that we have a potential brags it next week that could affect the industry, not to mention a sentence hearing on drug pricing next week. We are seeing some uncertainty growing in the sector. We are now seeing the dollar weakening for a third consecutive day and that is helping oil, paring some of its declines and oil reversing six days of losses to regain 3. 9 . Down for tenths of 1 . We have some speculation that the fed will only hike once more this year. What are the big movers today . This is a stock at the highest level ever. It is gaining more than 3 today. Inare hearing they joined the rush for deals in the Chemical
There. The cac in france down by close to 1 . In italy the ftse was down by 2. 19 . The dax is off by just ov over. 60 . Also, well check out crude oil prices today. Crude oil after a big rebound you can see is down by 1. 25 . Wti for july, that is a new contract, is now trading at 47. 81. Okay. We have a big top story to talk about this morning. A potential deal, jer m bayer o a deal valued at 62 billion to buy monsanto. Lets talk to bayers ceo about th this, werner baumann, your decision came about how . Monsanto received a private offer from us. It was out in the open and we want to explain to the public and to shareholders what the content of the offer is and why it is so attractive to shareholders. Should we be taking your public stance as one where there are private negotiations are taking place, or should we take you going public to educate the public on what is going on and to put pressure on monsanto . Well, we are early days at this point in time. And we have submitted our of
Will have the looming brexit vote on the hill, and other events to influence the outcome of where the major averages head from here. And steve weiss, the stocks had started to sell off a little bit into the program, and what are you making it, amid the bullard comments that it is a full capitulation . Yes, the second capitulation that we have had, and first yellen came out and had the press conference, and before in the fed note that came out with the meeting basically said, hold on. We are not ready. The economy is weakening and that put the market back on its heels after the jobs number of course that we saw. All bets are off. What is stark is that there is no playbook for anything that is happening. We have had jer areman 10year bunds at zero, and now back to two basis points, and the brexit is hanging over everything. So, as i said, no playbook, and no way to hedge the brexit whatsoever, because it is a true binary event, and if you are going to be taking the risk off and go negati