Keybanc taking a knife to that stock. Its still higher, though, nonetheless, and that is helping to keep the market upright. Theres apple getting a little bit of a lift. It does take us to our talk of the tape. The rising rate reality and whether were getting close to the end of the recent move. Youve got to think we need to be if stocks can get anything going from here. Dan greenhouse, liz young with us as well, and so is cnbc contributor rick. We got a big desk because we got a big story. Greg branch, is this your moment . Is your call that stocks are going to have a really rough go in the process of taking place . I think its starting to take place, scott, and i think as you know, i see another 10 downside from here. At this juncture, we still havent seen many of the catalysts happen for my thesis to play out, and that is that consensus estimates are just too high. I am higher and longer than consensus, and that means that i see no path to an 8 fourth quarter, now an 8. 3 fourth qua
Yesterday. The nasdaq down less than 4 wiping out all of this years gains for the dow, the s p and the nasdaq just holding on to positive territory it wont be if this is anything to go by at the open we are down 434 points for the dow. The s p is down 28 the nasdaq down 23 points. We have higher volume yesterday. 8. 6 billion shares raided. 50day moving average 5. 7. We saw vix spike very much at the end of the session so every everiedy kate y edindi risk off indicator lets look at the tenyear treasury note. Rising yields over the coarurseo the move has been a spark for this selloff we saw yields come back a bit yesterday, right at the end of that chart 2. 85 or so at the peak last week the trend in yields is sill intact rising yields over the course of this year. The trend in equities is no longer intact. We have pulled back away from those highs. Full Team Coverage of this Global Market selloff. Dominic chu is with us in the u. S. , Steve Sedgwick is in london lets go to Nancy Hunger
Shrinks and you have fewer jobs and low wages, you get less tax receipt. If you have less tax receipt, you either have to make cuts or put a taxes were increased borrowing. Its a simple matter of mathematics. Theres an easy way to avoid the situation that is devoted to three errors and sunday evenings at 9 00 p. M. Eastern on cspan it reairs on sunday evenings at 9 p. M. Eastern on cspan. Brennanctor john testifies about the cias operations around the world and global terror threats. You can watch it live beginning at 9 00 eastern on cspan three and cspan. Org. On American History tv, this saturday starting at 1 00 p. M. Eastern, we are live from Gettysburg College for the annual Civil War Institute summer conference as authors, historians and professors examine topics such as reconstruction in the north and the postcivil war career of Ulysses S Grant and the origins of the lost cause. 40ththe approach of the anniversary of the smithsonian air and space museum, we will show a series of
Justine underhill, yahoo finance. Now that the fed has started the process of raising rates, various fed officials have said, including ben bernanke, that the fed could go cash flow negative in this scenario as capital losses are taken on the portfolio bond. Do you still see this happening, and when might this happen . Youre talking about our income going negative . Conceivable, in a scenario where growth and inflation will really surprised us to the upside. We would have to raise shortterm Interest Rates so rates we would be paying on reserves would exceed what were on the portfolio. Bout 2en, we have a trillion in liabilities, namely currency, on which we pay no interest, so this does require an extreme scenario with very rapid increases and shortterm Interest Rates. It is conceivable, but quite unlikely, that it could happen. But, you know, if it were to happen, we would have an economy that would be doing very well. This is probably an economy that everybody would feel very well,d,
Checking the identities of everyone on board, including the crew and the pilots. Weve got an allstar lineup for you this hour as well as dana perino, howard kurtz, bret baier and steve forbes. Liz great david great lineup. Marking the fourth straight week in the red, the longest losing streak in almost a year and a half for the dow. Phil flynn of price futures and fox business contributor is watching the action in gold from the cme, and Ashley Webster on the floor of the new york stock exchange. Ashley, first to you, what a wild week for stocks. The earnings, the federal reserve, go ahead. Reporter interesting, because yesterday the thought of a summer rate hike really spooked the market with pretty hawkish comments from fed members. We saw the hit the market took yesterday but its kind of a onetwo punch. The second punch being, wait a minute, that means that the economy they be better than, you know, we think. The fed certainly things so because its looking at raising rates earlier, t