Release a statement and we could be in for a real market bruising if they dont say the right thing. That fear kept the market at bay with the dow gaining 35 points, although its up ten Straight Days on the s p. S p advance 4. 2 , nasdaq climbing, welcome back, apple. Now, i am not for a minute dismissing how important the feds has been for stocks. Lower rates have allowed companies to do exactly what youve done if you own a home. Refinance it lower levels. I dont know about you, i refinanced three times because of bernanke and cut my mortgage bills in half. And thats what companies did too. Lower rates made it possible to get housing moving again. Punching above its weight in the economy. And although we tend to judge by the new housing starts, its much bigger than that. Banks own a huge number of homes. It allowed the banks to reverse the losses in the home portfolios and giving them more money to lend and thats a continuing ongoing process. This quarter, youre going to see a dramatic
Today, the Federal Reserve will release a statement tomorrow and we could be in for a real market bruising if they dont say the right thing. That fear kept the market at bay with the dow gaining 35 points, although its up ten Straight Days on the s p. S p advanced. 42 , nasdaq climbing, welcome back, apple. Now, i am not for a minute dismissing how important the feds largesse has been for stocks. Lower rates have allowed companies to do exactly what youve done if you own a home. Refinance at lower levels. I dont know about you, i refinanced three times because of bernanke and cut my mortgage bill in half. And thats what corporations did too. Lower rates made it possible to get housing moving again. Punching above its weight in the economy. And although we tend to judge by the new housing starts, its much bigger than that. Banks own a huge number of homes. When that market heated up, it allowed the banks to reverse the losses in the home portfolios and its giving them more money to lend
Making headlines. Peter cook has the fallout from the fed meeting and News Conference. Thee hyman is monitoring alibaba ipo. Asked forpresident u. S. Military aid. The details of this aid package that president poroshenko was seeking . A jointnt before session of Congress Making an emotional appeal, saying we appreciate the help we have already gotten from the american government, but frankly speaking, we will not win a war with blankets and night vision goggles. We need you tos debt but their game and bring into military assistance. We need you to step up your game and bring in military assistance. Approved annt also aid package for equipment that the ukrainians made. Im sure its more than just a photo op. Peoplet is underscoring in the United States and for the audience in russia and in kiev that the United States is 100 behind this democrat lee elected government and it will be there just like europe will be there. For them. The reason it is important is because, watching back in ki
Detention centers plus. I dont know what the solution is but they need to come up with one. Reporter back to school in chicago. But the trip to the classroom for many students is even more dangerous. Military intervention in syria is a step closer. The u. S. And some european states are considering using force in response to last weeks suspected gas attack. Hundreds died in the incident in damascus last week. U. S. Secretary of state john kerry is convinced that the regime used chemical weapons and the diplomatic editor james reports. Reporter these horrific pictures of the aftermath of resent attacks have after more than two years of war in syria prompted the strongest words yet from the obama administration. Secretary of state john kerry made it clear the u. S. Is certain chemical weapons were used and he knows who they were used by. The firsthand accounts from the humanitarian organizations on the ground like Doctors Without Borders and the syria human rights commission, these all s