Market closes lower after fed minutes hit wall street. Bob pisani here with all this action. Not the market doesnt know the fed is going to taper at some point, bob, any time its faced with that reality, we see sellers come out of the woodwork. Yeah. Were parsing every comment and cynical in here. You could prove almost anything reading these minutes. Heres the sense, let me put it up for you, that got people talking. Participants considered scenarios under which it might be appropriate to begin to wind down the program before an unambiguous further improvement in the outlook was apparent. Some people were talking about tapering sooner rather than later. I think thats the key sentence in the whole record. The tenyear, which had been moving up prior to this announcement, moved up even further. We were at 2. 71 at the start of the day. Closing right near 2. 8 . The dow drop the a little more than 100 points but ended off its lows. Still a decline on the day. Not surprisingly, Interest Ra
Quarter gdp. Also up today, a lineup of heavy hitters on the closing bell. We have exclusive interviews with paul jacobs rob sands. Have you seen what constellation stock is doing today . Jumping. And we have commerce secretary penny prits zer and john legere. We will get get the real story. He was escorted out of an at t story. He says he was there to see the musical act. He loves macklemore. Sure he does. Microsoft taking a hit today. Allen mullally is taking himself out of the running to fill the ceo role at microsoft. Microsoft announcing it will now be february at the earliest when they announce who is going to be the new ceo. Who are the likely candidates and who is wall street rooting for . We have an in depth look at that very important story coming up in a little while. Were keeping a close eye on market this is hour as we head towards as were into the final hour of trading with the dow down 82 points. Thats half of 1 . We have the nasdaq actually the outperformer today. Only
There will be a book sale. All three books will be available at the end of the program and just reminder also that a portion of the sale of each book goes into the virginia festival of the book program itself. The sessions are being recorded so during the question and answer period this is important because of the reporting of the programs. Please raise your hand and one of the volunteers of the festival will hand you a handheld microphone so your question can be heard and paid for however it hits the broadcast. The reason we have a wonderful program, features jan herman, the author of the lucky few the fall of saigon and the rescue mission of the uss kirk. This will be the order of their presentation. Second to speak will be general ira hunt, losing vietnam, how america abandoned Southeast Asia. He is a retired Major General and moderated his last book at the book festival. The chief medical historian, Frank Leith Jones, has offered offered 7 books for military history. And finally, F
International. The c 082 billion of castile and notes up 53 it creates the largest Auto Parts Company but it is first of fox business. This is a tiny telecom Television Company but guess what . They may be less expensive but they say we dont want this to be cheaply made. We have a very rare interview that they feel their televisions could come and weigh less expensive sam sam song samsung of the world. Here is a first of fox Business Interview with the brand new ceo elect of qualcomm. They started to make chips for mobile and it smart phones intel is trying to catch up but have not caught benghazi. The new ceo of call, will speak to our viewers first. Watching the numbers slightly flat and slightly down stake above the flat line because we also have the fed minutes and this is what we have learned to. No blockbuster but it appears most of the members felt the tapering the fed has put into place two years ago to stimulate the economy , they started scaling back 2014 of course, they did
The question is, will we learn from them . Time. Okay. Thank you all for coming. Ill be over here signing books if you would like one. [applause] on behalf of the library, thank you again for coming. And thank you to all of you for coming and your great questions. For more information on events like this, visit the web site. Have a great night. [applause] [inaudible conversations] weed like to hear from you. Tweet us your feedback, twitter. Com booktv. Cspans newest book, sundays at eight. A collection of interviews with some of the nations top story tellers. In the beginning of the war when you were afraid of holding the gun. Then when we went to the first battle and we fought and i shot somebody, kill somebody, it does something to you that you start to its very difficult in the beginning but after time went on it became easy, became normalized, and actually in the context of war this is what happens. You normalize the situation so you can live through it because if you dont, you die