Falling back below 2 . As i said, the s p 500s essentially flat at this moment. The dows just lower the nasdaq down 0. 1 the russell looks down a full percent as regional banks down almost 2 . Joining us for the hour today to break down the Market Action is steve grasso from stuart frankel. Great to have you with us. Good to be here whats your take on this sort of softish session only a day or so after great positive trade news . You have a holiday week, so you have a shortened, abbreviated week you have people looking for either you had a rebalance on friday, you had end of quarter, end of month, end of week. People are starting to take a big, deep breath in. Seeing where they want to reassess, and and redistribute their Equity Holdings its all about the fed people are on fed watch right now. Thats really the only thing that is taking up the brain of a lot of the Market Participants right now. Even though trade is all over the headlines, its still fed. Fed still cut, but the trade tru
Cabinet key members and Republican Leaders meeting at camp david right now, kicking off a weekend on discussions of big ticket agenda items, among them, immigration, National Security and winning the midterm election. Steve forbes tells us how they accomplish all of this. Department of the justice opening investigation into alleged payforplay politics at the Clinton Foundation when Hillary Clinton was secretary of state. The latest details from washington. The United Nations Security Council holding a meeting right now at the request of u. N. Ambassador nick nikki haley. Where hundreds have been arrested in iran protesting against the iranian regime. David led by shares of boeing, visa, unitedhealth, there are new are record highs for all the major averages. Nicole petallides, looks like were close to the days highs where were ending. What brought on the last minute enthusiasm . Amazing how the market continues to the upside. Eight of 30 dow stocks hitting records. Momentum continues.
We begin with Interest Rate cuts in nature. This is a easing cycle after itord high borrowing, attracted 20 billion of local currency debt. We got more from the chief economist at white house research. I was expecting a bigger cut, i think that seems like a lot in the context of emerging markets. Remember, rates are were raised 700 points from the time of the devaluation up until last week. This is the first step of a very long journey to go. To be perfectly honest, i dont look too deeply into the Monetary Policy statements out of the central bank in egypt these days. Insight that it can provide on the future policy, i found them simply lacking. You are phrasing every diplomatically. I am trying to be diplomatic. From my perspective, it is a big cut, it is encouraging, it shows there is confidence. Of thents is only half surprise hike we saw in july of 2017 when they raise rates 200 points when everyone thought the hike cycle was over. We have a long way to go before we are anywhere ne
Japanese stocks have lost 140 billion so far to date. Brazilian lawmakers are voting on the impeachment of the president. Campaignescribed the to topple her as a coup orchestrated by her deputy. , dontme on twitter hashtag, include the e trendingbusiness. The oil price plunging, asian stocks retreating. Juliette good morning. It is all about the oil price and the stronger yen. Taiwan, singapore, falling in the selling. The kospi now down by a tense of 1 . Has come back a little from losses, over 3 in the early session. To earthquake adding concerns about how much the damage will cost the japanese economy, and we continue to see the yen surge playing on the export companies. Is only downsx 200 half of 1 at the moment, so coming back from earlier losses. New zealand leading the charge, thana 10th of 1 , a better expected cpi number for the First Quarter. We are seeing the oil plunge have an impact on Energy Players in the region. There has been a flight to the safe haven, gold price supp
What are we watching for, julia . Right now there are 2600 developers and press in the Conference Hall next door. They are here to learn about all the new tools that facebook is going to give developers, tools that that will change the way we as consumers can interact on facebooks various platforms and also could change how facebook eventually makes money. Surely well hear how facebook is putting live video front and center and integrating oculus into facebooks other services. And well also look at how messenger will happen brand interact with other commerce. Mark zuckerbergs keynote is expected to begin any minute. Then well be hearing from a range of other facebook executives. Now the company doesnt give an exact agenda, but we certainly expect to hearr hear from messenger chief david marcus. Well also be talking to him on closing bell after he leaves the stage. Back over to you guys. Thank you julia. Lets talk facebook. The stock are at about 6 this year. Lets bring in the ceo of al