Returning money back to investors. Whats behind it and what it means for the Hedge Fund World the Investment Committee is ready to go. Halftime report starts right now. Good to have you with us. Our Investment Committee in front of you right there, joe terra nova and pete that jdiana becky quick reporting it could come as early as today, 5trillion did assets under management best day since 08 Charles Schwab for its best day since november of 2011 a lot to talk about here. The potential synergies are all about costs. If you think about it, Td Ameritrade has been this serial acquirer over the last couple of years and have been able to with scott trade have cost synergies and in terms of reduction of 60 to 70 i dont think youll have that type of Cost Reduction here with Charles Schwab i think it will be somewhere around 40 to 50 in terms of cost synergies but a strong dea for them specifically. Obviously very negative for etrade. I had talked about a couple of weeks back that etrade poten
Ready calling music meets just keep secret, sell it. Youll find this unusual combination in steven vitus tiny house in germany. When steven isnt directing the beach, holding fast and fun, he loves spending his weekends here joining him as a cocoa and they place the viola and things and friends, Classical Music and pop in their projects. The to have invited professional musicians to cook talk and john stevens, tiny house there yesterday is kind of funny that finished as guitars as known for his improvisations. His Specialty Lending classical, adjust off the t as, as mass. This is dustin here. How many im on kind of set up for the as i said, if it is going to be yeah, thats definitely so. Okay. My system to, im a better to have to from time to be in the bulk of the homeless businesses im. Its because my front desk is on its mission. On monday evenings i can show things on findig out on these a couple hours before on sunday i will have it done. Gibson hubs. File dixon is mark. This is vic
Line, General Mills exceeding expectations. Prime minister netanyahu declaring victory in israels election. Tim cook explains why its okay that you dont flowknow yet why you need his watch as apple gets set to join the dow after the bell today. Investors bracing for the fed statement. See theyll drop the word patient. Janet yellen will hold a News Conference. Well have complete coverage of the fed decision beginning at 2 00 p. M. Eastern here on cnbc. Its being called the end of an era, end of the zerp era and end of an era that promises low rates for a given period of time. The word patience. The reason its important, if she does remove it it gives her flexibility to lay the groundwork for Interest Rate increase as if it werent a high stakes fed meeting, how about the letter from ray dalio, major Macro Hedge Fund strategist, talking about risks here. To be clear, we dont know nor does the fed know how much tightening will knock over the apple cart. What we do hope the fed knows, which
Take a look at europe. Whats happening across the pond this morning. More green than red right now. At well, you got about 3 1 2 hours or so before the european markets closed. And the roadmap starts with the markets. Stocks set to open higher this morning after posting a nice gain at the close yesterday but the one thing you really need to be watching this morning is the move in gold. Plus, earnings at nike beating the street but the stock slipping during trading thus far. Were going to break down the numbers and tell you exactly why the stock is moving that way. And ecking of earnings tiffany is slipping on weakerthanexpected results in the latest quarter, so why is the companys ceo touting record sales . Well, we have some answers. We also have breaking news this morning on the fed. Steve liesman is in washington with those details. Good morning, steve. Reporter scott, good morning. The minneapolis fed president who is out with an explanation of the dissent that is the very dovish.
Alltime high. The number to watch, 1879. The dow p as much as 124 points earlier in the session, United Technology is helping drive those gains thanks to an upgrade from Goldman Sachs to buy from neutral. Goldman says the company is well positioned in what they call a strengthening commercial aerospace after market, and meanwhile downgrading boeing from neutral to buy saying that even small, positive surprises on new orders or new productions do seem unlikely. Adam new Company Debuts flooding the market. We want to head to the floor of the New York Stock Exchange and check in with nicole petallides. Global force group withdrew its ipo. I thought it was, you know, ipo bonanza down there. It is. Thats right, global force actually withdrew. Theyre a cloudbased Employee Recognition software company. They cited market conditions, so they withdrew their plans for the ipo. Lets take a look, though, at some that really went forward if with it including the nyse Network Specialty lending up thr