Over by 250 points and this morning you are seeing green arrows for the s p 500 and nasdaq, nasdaq right now up by about 122 points in the future market and that is pretty impressive you are now talking about four days in a row that you have seen gains for the major averages all are within 5 of their 52 week highs and in fact the transports set a new alltime high yesterday too. Right now the dow futures are indicated a little down by about 61 points. Were watching a lot of things that have been happening including news with Johnson Johnson, and earnings are coming out too. And if you want to take a look at the treasury market, right now you will see that the ten year seems to be sitting just around 0. 759 . So not far from where it has been yep, earnings are supposed to take the baton from stimulus hopes, which i dont know whether those are fleeting or not. But supposedly the earnings might be pretty good yesterday kind of weird all the stay at home new age tech stuff was strong as i t
Speaking out on social justice what amazon and facebook are doing this morning stay ahead of the conversation youre watching Worldwide Exchange right here on cnbc. Good afternoon, and welcome from where ever in the world you may be watching. Could be another very, busy week in the markets and otherwise the big question today really for the markets is whether this incredible rebound rally will roll on. Futures right now are showing that it might. A price like that its the first record closing high since february 12th really number one optimism that the American Economy will recover faster than expected with data point ceos and all coming back quick. And trillions of dollars around and finally the old t trade, there is no alternative as bonds lose their luster. And bonds in the last few questions absolutely dumped. Investors selling treasuries and buying equities and of course moves inverse to price rose 40 last week from bonds from yields this weeks fed meeting will also be huge if ther
8. 5 . The dow is performing a little better, mainly because of apple. Guy the fed is the main event. The stoxx 600 is only up to 10th 1 . up to tenths of the german tenyear was down by two basis points. Earlier on, the German Government selling paper below the ecb deposit rate. But it is all about the fed, really. Vonnie so lets get to that story. The Federal Reserve announcing decision at 2 00 p. M. Eastern. Policymakers are expected to lower rates for the First Time Since 2008 and leave the option open for additional moves. , fsre joined by lara rhame investments chief u. S. Economist. How do the markets react . Lara i think that is the real question. Today will neither be a Silver Bullet to solve the economys problems, nor the apocalypse people are talking about. The fed now has a problem. They havent had cohesive messaging going into this meeting. We really are struggling to know what they are fighting against, and really the significant pivot in fed rate expectations could cause
S p and the dow look to make some history again today crypto again as we said in the cross hairs getting blasted from all sides and a surprise for snap were going to tell you what has that stock moving higher this morning. Stocks are aiming to make some history again dow and the s p on track to set some new alltime interday records. A day after posting record closes including the dow finishing above 27,000 for the first time, jim. As, again, powell was the name of the game. Yeah. Look, powell is giving you what you want if youre a bull. There were some great lines where you said, look, remember what my job is my job is if we have an expansion, keep it going and that is so bullish because what hes saying is we have an expansion. It may be slowing. Weve got to keep it going so we have to do some cutting. The part of the game with 25 versus 50 is a setup the bears are saying we need 50 so that the stock market does not run down theyre not going to get 50. Im disappointed i think what powe
On a dropoff in steel prices. Later, the mber chair on what to expect from the fed. Thats the committee that officially declares if were in recession. Why he is not necessarily buying the recession narrative. Well start with the markets ahead of tomorrows fed decision the dow is at the highest level since 2017 and looking to add to its 11day win streak. The next guest says the economy is out of the wood as liquidity is the issue joining us is jeff solomon what are you worried about on the liquidity front . Good morning to you. Good morning to you listen, i think the markets had an incredible rally but thats because we had this major two major issues with the budget crisis and the Regional Bank crisis so, any time you have anything that happens to the downside, youre going to see a rally. I just think when you look at some of the challenges in terms of where liquidity is in the marketplace, certainly in credit, were not quite seeing the flow of liquidity. And i think last time i was her