50 points after that first day selloff yesterday. The dow has been up and down today. Now adding 50 points as we enter the final hour. Keep an eye on the nasdaq which is in the red. Its had the worst performance to kick off the year. A lot of component, apple, gool google microsoft, not holding up well for the last couple of trading sessions. Technology not playing along well this hour. Ben bernanke this hour. Yes we do. Hell be delivering what some characterize as his farewell address. Steve liesman telling us in the last hour the headlines from those prepared remarks. But in a little while, there will be a q a session. Those often can make marketmoving news and it will occur in the final minutes of todays trading day. Well take you there live when that gets under way. Good point. Those headlines didnt move the market when they hit, but we have heard comments which are having more impact on market today. More concerns on the troubled obamacare law. New reports that newly insured peopl
The federal funds rate target should be anticipated so long as the Unemployment Rate remained above 6. 5 , inflation between one and two years ahead was projected to be no more than half a percentage point above the committees longerrun goal and expectations continued to be well anchored. My colleagues and i have certain sized that the statements in that guy dance were thresholds, not triggers. Crossing one of the thresholds would not automatically give rise to an increase in the federal funds rate target. Instead, it was signaled only that it would be appropriate for the committee to begin considering based on a wider range of indicators whether and when an increase in the target might be warranted. Large scale asset purchases also provide monetary accommodation by lowering longterm Interest Rates. Working through the portfolio balance channel, asset purchases reduced the supply of loan duration assets in the hands of the public, thus reducing longer term yields. At times the decision
We do what we can to promote a t spells. On their families. Imperative that we do what we can to promote a very strong recovery. Continuingg that by our asset purchase program, which we intend we put in assuringh the goal of a substantial improvement in the outlook for the labor market. We are taking account of the cost and efficacy of this program as we go along. Thehis point, i believe benefits exceed the costs. As that program gradually winds down, we have indicated that we expect to maintain a highly accommodative Monetary Policy for some time to come thereafter. The message we want to send is that we will do what is in our power to ensure a robust recovery in the context of price stability. What are the dangers of tapering the asset purchases too early . If confirmed, how should the fomc move forward on an exit strategy . So, senator, i think that there are dangers, frankly, on both sides of ending the program or ending accommodation too early. There are also dangers that we have
Rose 33 . So for the full year, gm sales earned 7 , but that was less than the overall car market increase of 8 . Want to give you a q check of how the car makers are trading right now, separate directions. Ford up by nine cents, gm is down more than 3 right now. Chrysler trading under the fiat umbrella and is about to become completely owned by fiat. Wanted to let you know that coming up we are going to sit down with bob carter, Senior Vice President of toyota motor sales. Finding out about a couple of huge wins for toyota, big news coming out today, and were going to talk to him about what lies ahead in 2014. Well, the automakers had a really good day, so hows the rest of the market looking . Traders at the New York Stock Exchange and the cme group. You know, i want to let our viewers know, keith, were going to be hearing this q a session from ben bernanke. So far he hasnt given us any hints at what 2014 looks like from fed policy. Were you expecting to hear something today . No, i d