Cutting the number of rate hikes it expects this year in half. What that means for the markets. Shares of fedex are up on earnings and company taking a shot at amazon on its call yesterday. Plus jim cramer spoke to target ceo about competing with amazon. How hes positioning his company against jeff bezos. First up something that would have been nun thinkable. Dow and s p down 1 for the year after the fed reduced the number of rate hikes it expect this year from four to two. Futures moving lower. Caterpillar issues First Quarter estimates in the wake of lower Commodity Prices even though they stayed firm on their guidance for the year, jim. Yeah. I found that two surprising things was one how deep the cut was First Quarter. And two, how they believe that somehow things are going to get better quickly. I think that caterpillar is in a nutshell what fed did. Look these are Great American companies. Not doing well at all. That has to do a lot with oil and gas and mining. Not just all inter
Permanent ceo. Glencore, stops are dropping. We are waiting on Sales Numbers from ford and gm. With he will bring them to you as they break. First up, futures on the rise as we enter the first trading day of the Fourth Quarter ahead of tomorrows key jobs number. Jobless claims up more than expected, up 10,000. That fourweek moving average did fall slightly as they look to move on from what was the worst quarter of stocks in four years. The biggest loser was the dow. At nearly 7. 6 drop. We know, guys, the s p didnt fair much better. Down, 6. 9. Nasdaq, down 7. 4. Everyone talking about october. It has been pointed out today, the past five octobers, only one has been down. The ones that have gone up have been to the tune of 4 , 11 , 3. 7 back in 2010. The classic thing is to say it is difficult to get upside leverage in the first half of october. If you look at what we have experienced since august, did we bring forward the pessimism . I thought jim reed at deutsche ya said, if you thin
The fresh rears, two the year yield now is at. 8 , just below that we are at a level we havent seen since april of 2011. What is that screaming for right now . The most interesting thing is this is happening, these yields moving higher even as we are getting this nice rally with the dow up 250 points and counting. Coming up Richard Fisher will join us at the Stock Exchange to give us his odds for an Interest Rate hike in a couple of days. He is the perfect guy to have on today. Tesla getting some high end competition. Could porsches electric concept car really give tesla a run for its money . Weve got the video, the super cool looking car and both sides of that story coming up. And Mark Zuckerberg fielding questions right now at a facebook town ham. We will bring you the late fres that event throughout the hour and you can choose to like or dislike. Yes, you may do that now. You will have a choice. Isnt that interesting . Lets get right to bob pisani who has been tracking this action a
Union address on tuesday, he released this video on twitter. President obama im working on my state of the union address. Last one. In writing this, i keep thinking about this road that we have traveled on for the last seven years. Our ability to come together as one American Family and pull ourselves closer to the america that we believe in. Some times insee the daytoday noise from washington, but it is who we truly are, and it is what i want to focus on in my state of the union address. Announcer coverage starts at 8 00 p. M. Eastern with betty and jamestty koed arkin, looking back at the history of the state of the union and what we can expect in this years address. A rebuttal by South Carolina governor nikki haley. Also, your comments by phone, facebook, twitter, and email. Of the reair our state Union Coverage and the republican response starting at 11 00 p. M. Eastern, 8 00 p. M. Pacific, and also live on cspan2 after the speech, we will listen to members of Congress Live in stat
Soros relies on his analysis and you will see him at 9 00 this morning. Right now, a little more on what topeveloping and time for stories. A new poll shows that Bernie Sanders has narrowed the gap with Hillary Clinton in iowa. According to a poll, it shows sanders now 33 30 . He has picked up 25 percentage point since january. Sanders spoke about his growing momentum on cnn. Not only in iowa, or new hampshire, but in this country, we are generating enormous enthusiasm. People do not understand why the middleclass of this country is collapsing while the same time all the new income and wealth is going to the top 1 . Erik for the republicans, donald trump is out in front followed by dr. Ben carson, ted cruz, and scott walker. Present obama is getting closer to be no support for the iran nuclear deal. Senator merkley says he will support the deal. He needs three more votes to sustain the veto in killing the deal. The Obama Administration is close to making sanctions for hacking into comp