Up lets get you up to speed on the markets. U. S. Equity futures are suggesting a positive open and implied open of 70 points for the dow and s p nearly 9 and for the nasdaq a little more than 24 points. Right where we were yesterday before the retail sales report. Heres the other big stories were watching today. Two economic reports due at 8 30 eastern. Well hear from kohls before the bell and this afternoon watch for nordstrom among others and in Corporate News General Electric is going to sell its commercial finance business. This is part of the plan to spin off most of ge capital. The business is worth around 5 billion dollars. The dow closed yesterday just over 18,000 so up or down or up a little some days and down a little other days. Flat lining still. Thats 2015 and really the story this year. Good today though up 72 points indicated on the dow jones up 9 on the s p. Nasdaq, the strongest in premarket trade up 24 indicated up 25 so far on the session. European markets are mixed
While the extent is diminishing, inflation has been running below the longer run objective but longerterm inflation excitations have remained stable. Going to skip redundant language. The quantities of bond purchases will be cut from 45 billion per month to 45 billion per month. Skipping over redundant language from the previous statement, the fed reminds investors asset purchasers are not on a preset course. The fed continues to hold the federal fund rate at zero to a quarter percent. And the fed says finally the committee currently anticipates even after employment and inflation are near mandate consistent levels, Economic Conditions may warrant keeping the target federal fund rate below levels the Committee Views as normal in the longer run. Language are. From the latest statement. This was a unanimous decision 100 including several new members of the fed. For the Economic Outlook the fed has downgraded the outlook for gdp. No surprise given the terrible First Quarter because of all
Affordable care act is here to stay. Announces the decision. Right to tom goldstein, also the founder of scotus blog. Nice to see you. Lets start with the big question why did the Supreme Court uphold this law today and why is this Majority Coalition larger than it was last time . Well, i think we get basically the same message in this decision as the last one. That is the Supreme Court does not want to determine this incredibly political issue. I think the view of the chief justice is the country has been battling over this question of health care for decades, we are not going to step in. I think the majority is even broader here because its not a big constitutional challenge. I think Justice Kennedy recognized as well that the Affordable Care act is a wet mess of writing. And so theres some ambiguity. Tom you know, one of the questions that the court was taking up here within this beyond just the aca, but what is the role of the court. A lot of people have been saying it looks like t
Presidency. Lots happening inside the white house this afternoon. Nbcs Peter Alexander is there at the white house. Peter, what are you hearing at this hour . Krystal, good day to you. We hear from Senior Administration officials that president obama has not yet made up his mind whether or not to authorize air strikes inside syria. President obama will have a meeting about two hours from now. 4 50 p. M. Is the time on the schedule. Hell gather here at the white house with the secretary of state john kerry and his Vice President joe biden, where im told by officials here that the focus of the conversation will be on efforts to confront isis, on a formation of the iraqi government, and on the topic of gaza as well. Another piece of information making headlines today. On the topic of Bashar Al Assad and syria specifically, Administration Officials have made it very clear that they will not and have not coordinated with the assad regime. They have no intention to share intelligence with th
United states continues to be and is continuing to be a vigilant whether its somalia, yemen or, yes, even in syria, the administration will put in place a counterterrorism strategy to deny them a safehaven, mitigate the threat they pose and where necessary, use military force to degrade their ability to strike the west or strike the u. S. Homeland. While that iraqi intel of an imminent attack has turned out to be unfounded, security in and around new york city is at its highest level right now since right after 9 11. We have entered a new front in the war on terror where a potential terrorist could already be among us. Lets take that scary ideas to nbc news terrorism analyst evan coleman. Thanks for being with us. Thank you. Lets start with the reality of that threat. Is the greater fear here someone coming from syria, someone who is actually directly affiliated with isis, or is it more someone here whos selfradicalized, inspired by isis ideology . It could be either one. If you look a