Lets just say it helps wreck any hope of reaching one more record high, at least for today. Dow back sliding 26 points. Nasdaq up. 01 . Why did Interest Rates start climbing after a period it looked like theyd been tamed . Why did it feel like we could be, yes, in for another round if were not careful of Mortgage Rate increases . Today i heard speculation that the reason for the jump and they did jump one thats kind of in sync with where we were a couple of weeks ago is that the feds starting the tapering debate once again. Im ending this debate right now. This is well, what to we deal with when we hear about the taper rate . Its on the fed and bernanke attitude that bothers me so much. I dont think thats the reason at all why rates went up. I think rates are going up because alas, they should go up. Yes, i think from what ive heard this Earnings Period, the economys getting well enough to suggest that rates might warrant higher levels. What makes me say this . Remember my ability is m
Higher Interest Rates. As a rapid rising rates well, lets just say it helps wreck any hope of reaching still one more record high, at least for today. Dow backsliding 26 points. Nasdaq up. 01 . Why did Interest Rates start climbing today after a period it looked like theyd been tamed . Why does it feel like we could be, yes, in for another round if were not careful of Mortgage Rate increases . Today i heard speculation that the reason for the jump and they did jump one thats kind of in sync with where we were a couple of weeks ago, is that the feds starting the tapering debate once again. Im ending this debate right now. This is well, what to we deal with when we hear about the taper rate . Its on the fed and bernanke attitude that bothers me so much. I dont think thats the reason at all why rates went up. I think rates are going up because alas, they should go up. Yes, i think from what ive heard this Earnings Period, the economys getting well enough to suggest that rates might warran
Back toward its longer run objective, the committee will likely reduce the peace of asset purchases in further measured steps at future meetings. There isnt a big move to the markets this morning, but after those gains, youll take a look at u. S. Equity futures this morning and see green arrows once again. Dow futures up by about 16 points. S p futures up by just over 1 points and the nasdaq futures up by about 3 points. More on the markets still to come. But first, the south is in the middle of snow and ice once again. The weather channels alex wallace has the forecast for this mega storm that will be at our front door this time tomorrow morning. Alex. Weve got wide reaching impacts. Right now, weve got the cold air rushing into northern sections of georgia, the carolina and the moisture all meeting up. Thats not a happy marriage for us. Were seeing the reports for us here across north georgia into the carolinas. Freezing rain out there. Weve got several more hours to go of this. This
Yet this morning but well see. That can change as you well know. Tenyear note yield, where are we . Yes, we are moving up yet again after yellens testimony yesterday, of course, going on for much of the day. In front of the House Financial Services committee. Europe did well. Europe so far looking pretty good as you can see there, of course, weve got the china trade numbers, bank of england also, by the way, raising its uk growth forecast. China certainly helping on the trade front, those numbers when they came out helped turn europe or continue a rally there. Right. Lets get to our roadmap this morning as well, of course, well be talking about markets. Starting off from their highest levels in more than two weeks the dow and the s p looking to extend the strongest fourday run since june of 2012 and december of 2011 respectively. Deere shares are higher in premarket. The company reporting earnings and revenues that beat expectations also citing what it says was effective cost cutting.
The next big thing is you will have to stay tuned for that governor. Cisco reporting earnings about an hour from now. The tech bellwether rattling markets late last year with a weak financial outlook. Should investors brace for more bad news or with expectations this low, will cisco surprise us to the upside . Well get you the information first and well have a full analysis as those numbers hit as well. That will probably set the tone for tomorrow, but theres also something thats going to set the tone for tomorrow. A major Storm Brewing in the south, and not even talking about the weather. This one is all about a key vote to unionize a tennessee auto plant, something that has not happened in the south ever. The president of the united autoworkers will be joining us on the closing bell exclusively to talk about whats on the line in that story. Very important coming up here. And here is where we stand in markets as we head into the final hour of trade. The dow is giving up about 50 point