We have a guest with us today. And now, yields are falling, and it is following a fed meeting that did little to bring investors clarity and leaving them dazed and confused. Pete, is that what this is about in the wake of what the fed said. Yes, and the fed has not given anybody anything they are looking for, the confidence and the uncertain factor, and ms. Yellen brought it up, and of course, next week, the brexit, and what is happening in the market . Explosive move in the volatility index up 40 in a week, and it had been running around for a low rate for a long time, and measuring between 13 and call it 14. 5 or somewhere in that range, and then suddenly, we get the spike and we are into the 20s and it is a much more difficult trade for all of of us, and that is a little bit of the sense of where are we in the terms of the uncertainty of what is going on right now, and then next week we will get a lot of things answered. And colbert, welcome back into the crew today, and how should
First, we start with the fed officially standing pat, so we asked the question, steve liesman, is the fed on hold forever . What do you think . I dont think its on hold forever, but i can understand why you would ask that question. I think the story here is that the fed probably not going to move in july. I saw a ubs headline saying, take the summer off. We are. When it comes to at least whats going to happen to fed policy. Janet yellen and the fed keeping the rates on hold today, and not suggesting any big hurry in terms of hiking Interest Rates. But the big story today is what they did to a their outlook for rates over the next several years. And they brought them down quite substantially. We suggested all day, including yesterday, that that was probably what the fed would do today. I have to say, i was somewhat surprised. When you look at the chart of what the fed now says its going to do with Interest Rates, look at the last five meetings. Now at just 2. 4 for 2018, that had been a
News. It was down 3 . And remember this follows 3. 5 earlier in the week. The shanghai was down half a percent. We had a boj viewing party last night. You didnt make it. You look tired. We ordered sushi and got some red bull. Just to, you know, full effect. You are trending on start saying sushi and stuff like that. I dont want to get too stereotypical here. Well, you know. It is a safe zone. Since when . Im with becky. Since when. Lets look at the futures, they are indicated lower follows the first five day losing streak since february. When did you come one that though . That borders on a shtick for you this morning. A stick . You told me i wasnt allowed to use yiddish. So the mid western version of stick. I was up we had a viewing party. Lie. Coming one things now. Try good. Youre doing a stick. Because you i dont you really didnt stay up. No see, you aric making that up and you are going for a laugh. Ive learned a lot. Because i was going to pull away. You could get me. U. S. Stock
Got every man in here wishin im sara eisen welcome to Worldwide Exchange. And im wilfred frost. Throwback thursday. This is a good one. This is a good one. From spotify throughout the show. Do not sing well. Lets get to the market action. U. S. Equity futures right now, of course yesterday a muted response to Janet Yellens testimony and lack of fed decision keeping rates on hold of course. And slightly down end of the yesterday. Slightly down in the pre market. Worth noting that of course yesterday we saw a bounce back in european equities a bit of a if brexit relief rally. You might say today we are negative again across the rest of the world and dow called lover by lower by 52. We could be looking at the sixth day in a row of declines for u. S. Stocks after that late day selloff. Small declines. Small declines this morning. Ugly overnight. Lets show you the big Global Market action from what we saw in japan. Bank of japan deciding to hold policy unchanged. The dollar yen is the big m
Online . It seems appealing to say, oh, just have the Major Social Media Companies take a hard line approach to anything having to do with isis. But the fact is, that will end up blocking a lot of speech. Woodruff all that and more, on tonights pbs newshour. Major funding for the pbs newshour has been provided by love me tender love me true we can like many, but we can love only a precious few. Because it is for those precious few that you have to be willingi to do so very much. But you dont have to do itu alone. Lincoln financial helps you provide for and protect your financial future, because this, is what you do for people you love. Lincoln financial youre in charge. Bnsf railway. Xq institute. Supporting social entrepreneurs and their solutions to the worlds most pressing problems skollfoundation. Org. Supported by the john d. And catherine t. Macarthur foundation. Committed to building a moreit just, verdant and peaceful world. More information at macfound. Org and with the ongoin