June off the table. When will we know . When when when . You can tell us. You can whitsper in my ear. A huge halle. The dow having their best oneday gain since march 30th. They had their best day since march 16th and a handful of points away from the all time closing high of 21. 17. Lets get more on the trading action. Stationed at the nasdaq and first down to you, bob pisani on the floor where you can always hear the roar the boom out of the gate with stock this is morning. What they want is volume. We are not getting strong volume, but its decent. Lets take a look at the advance. 41 declining and nine of the ten are up more than 10 . Thats broad. Doesnt get bigger or broader than that. The push lower this week was led by the fears of higher Interest Rates. Thats abated a little bit. Interest ratesensitive groups are doing very well. They benefit the Public Storage and all of them up are two, three, even up 4 . Whats under performing if you get a flatter yield curve, regional banks do
Well ut dow posting its biggest oneday gain since early february. All ten s p 500 groups are higher with Energy Leading the way. Weve got bob pasani on the nyse floor, dominik right here at hq. What can key Technical Levels and josh lipton on the very tough month for tech. Bob, you first. Blastoff around the globe this week. China from the outset ended near the highs. Germany starts early today. U. S. Starts at 9 30 eastern time. Theres a pat he were here. Global buying. You can blame it on comments from the peoples bank of china officials. Whatever. Theres the s p futures. We actually gapped up twice. Once at 330 when europe opened and once at 9 30 when we opened. Were at the highs for the day. In terms of sectors, i have been of the opinion that we are seeing some end of the month rejiggering since the beginning of last week. Were seeing it again today. The biggest losers for the quarter are Energy Financials utilities, and industrials. Those are the only four sectors down on the qua
This point. Lets tell you about the big stories were watching this morning. A First Quarter read on the First Quarter gdp at 8 30 eastern time. Forecasters say the economy likely grew at a snails pace. Also the fed wrapping up its twoday policy setting meeting in washington. Announcement set for 2 00 p. M. Eastern time. No changses expected on rates just yet. Beyond the economy theres also a busy day in earnings central. We have Companies Set to post this morning before the bell mastercard mondelez and general dynamics. Also were continuing to watch the situation in baltimore. Things were quiter there. Demonstrators for mostly peaceful. Less than a dozen arrests compared to more than 200 on monday. Curfew ended at 5 00 this morning. Go back into effect tonight and we should tell you that todays baltimore airlines game will be in the afternoon and will be closed to the public. The teams weekend series against the rays will be played in tampa instead of home in baltimore. The next five g
Assessment. And of course, there were a lot of practices in connection with mortgage lending that really need to be changed. We dont want to go back to those days, but it is important to clarify for us, to work to clarify the rules around mortgage lending to create an environment of greater certainty for lenders to be willing to extend mortgage credit. Good afternoon. Jason lang with reuters. Chairman yellen, the fed has slashed its growth projections for this year, and youve gone to pains to explain that there is uncertainty in the path of Interest Rates and the economy. And yet, the feds central tendency projections for 2015 and 2016 remain quite strong. Are you confident that the u. S. Economy has entered a period of sustained, abovetrend Economic Growth . Thank you. Well, when you say confident, i suppose the answer is no, because there is uncertainty, but i think there are many good reasons why we should see a period of sustained growth in excess of the economys potential. We have
The house subcommittee on oversight and investments. Chairman tim murphy will join us on a preview of that hearing. Watching for this one, amazon for the past week, touting this mystery launch today featuring an announcement by the ceo jeff besozs. The scuttlebutt is it includes this famous 3d screen. We think we know what a 3d screen would be, but youre not wearing the glasses. Who knows what it is. Were going to talk about the prospects for amazon. We will talk with mark mahaney at 6 50 eastern time. The screen is so small. We have two tvs that are supposed to be 3d. We even have the glasses. Does it work . If you wear the glasses. We had two movie nights in our house where we all wore the glasses. We had friends over. We tried to do the whole thing and watched avatar. You had enough glasses . We bought extra glasses. What is the bottom line . It was like why are we doing this . We all looked goofy. And thats a 50 incher, probably . Yeah, about. So what do you look at in 3d on this l