Percent and the dow is up little higher and the nasdaq is up by 1 . Question was whether traders would see a selloff before the president s day to day weekend but we are Holding Onto Gains as we go into the holiday weekend. Lets look at sector performance. You can see for the most part its a broadbased rally. The s p 500 10 sectors are in the green but utilities are down a little. Financials are the biggest leader up by 3. 25 and they were the biggest laggard yesterday. 2. 4 ials are up by 25 and energy is up. Some of the financial stocks are in rally mode. Bank of america and citigroup yesterday fell 6. 5 . They are now up by 5 . Is up 7 off of that news as well as wells fargo. Lets take a look at energy. With energy, crude oil is up 10 at 6 . It had been up about 11 but we are now up near the 29 per barrel mark, near session highs. This is the biggest jump since january. Yesterday, it fell to the lowest hint of days. At equity struck a dive yesterday. Safe havens are going the other
Nasdaq is 24 points higher, 6 10 of a percent. The bond market essentially quiescent but moving a bit higher in anticipation of perhaps a reasonable day. A 10 year note yield, 2. 5 . 66 basis points for your two year yield. I would not put a whole lot of stock into any of these numbers before 8 31 this morning after we get the jobs report. E are watching the jobs report ,000 jobsast is for 201 to be created and we are supposed to get a 2 10 gain an average Hourly Earnings. We are also watching hurricane. Is beginning to look like you can move that when off your radar screen. The latest computer models show it taking a turn when it comes to the north, and may brushing by the coast of cape cod but no direct hit on the United States at the moment. Watching talks in paris between european leaders. Hollanderkel, francois , and Vladimir Putin are there, on the future of ukraine and what is going on there, but no doubt syria comes into all that. Three days of bombing campaigns by the russians
D. C. Good afternoon, everybody, and welcome to a beautiful Nations Capital today. I think its no exaggeration to say that today the biggest, most consequential decision, the one that will affect the most americans in the most immediate way is being made right here today in washington in the building behind me, the headquarters of the Federal Reserve where the men and women of the open Market Committee have been meeting. Mandy . Will today bring the first rate hike in nine years . That is the big question. In less than one hour from now the feds decision will drop. Where do policymakers stand right now headed into the big decision . Senior economics reporter steve laesm liesman is also in washington live. What are you hearing . I think its worthwhile to go back and say how did we get here . How do we go into a meeting of such consequence without really being sure whats going to happen. 50 50 on both sides. You heard at the top of the show some of the brightest minds are disagreeing. I
Succeed. And counting down to cnbcs republican president ial debate. It is live tonight from colorado. Well tell you where the candidates stand on fixing things like Social Security and medicare, plus what some Small Businesses would love to hear from the candidates arrayed out there in boulder. Meantime, lets aez go down and check in with my friend, kayla at the nyse. Kayla. Hey, ty. The countdown to the latest fed decision is on in earnest. We will get that decision from policy makers in less than one hours time. Steve leaseman is life at the Federal Reserve and says the fed has some new data to think about today. Steve, is it all about gearing up towards december now . Yeah, it is. Thats what all of the discussion is about. Before we talk about the fed i want to talk about new data. We got some advanced trade data this morning. The deficit was better than expected. Why is that important . Because deficits a big part of why we go up and down in gdp. The Third Quarter gdp taking a mea
Markets go down. The s p, the dow, and the nasdaq all down today. And it unexpected build in inventory, and it is down by about three point 4 . The declines we are seeing in oil today that we have seen recently mean that the twyear performance in oil is particularly notable. You can see a decline of nearly 63 . That is a record twoyear decline for oil prices. Haveow that commodities been one of the big stories of the year, and i mentioned that inventory. If you take a look at the terminal, i show you this throughout the year because it is a remarkable one. Barrel a 100 million gap, so when you talk about supply putting pressure on oil prices, the chart tells the story. And the other thing i went to tell you about is the 10year note. We are seeing it little changed and Goldman Sachs has a yield that climbs to 3 . With the increase in rates from the federal reserve, that is what were going to see happen. Finally, taking a look at the basket ofrsus the currencies, that is about a quarter