News right now, were monitoring reports out of us fist istanbul. Were hearing on the eastern side, the entire metro system though is shut down. There are other reports that it might have been a bomb. Some other reports say it was a faulty transformer. Also reports now of injuries. Just coming in to the newsroom, we dont know the extent or the number of the injuries, but we are continuing to watch this story as it develops. Well bring you new information as we get it. Also new at noon, United States announced itll imemploy a essential ops force to iraq to fight isis. Ash carter it willing the House Armed Services committee that a small specialized force will launch raids on isis in syria, with and would quote, put even more pressure on isis. The Defense Department tells nbc news the United States will consult with the Iraqi Government on its strategy against isis. Back here locally, hundreds of kids in queens had to evacuate their school this students were cleared out of ps 295 until Qu
The dow fell. S p fell. Nasdaq climbed 8. 42 . Why bother . Who needs it . I believe it is okay oto buy into a market thats risen a great deal already before running into this nasty selloff at a time when there is so much bad happening in the world . You know what . I think these are perfectly logical questions right now. And they have to be answered since the action is obviously not as good as it was once. And we are up so much that i cant blame a sole for wanting to take something off the table. First lets explain whats happening. My old hedge fund, say we were up more than the s p 500 at this point in the year. As about only 20 of the funds are right now. Do you know what we do . We feel like idiots giving back these gains, right . I mean thats horrendous. So it would be natural for us to blow out of everything. Everything. Think about it. What is the point of giving back the year . I remember whole periods, months, where i would go to the movies or at least go to block buster video
Cbsnews. Com. This is Bob Schieffer at cbs news headquarters in new york. Well see you later on the evening news. Youve been watching wusa9 news at 5 00 seeing that breaking News Coverage from cbs. Well keep following this alleged plot on the capitol and bring you more information as it comes into our newsroom. We are following another big breaking story right now. [ bells ] three people injured after an explosion in falls church at the eden center mall on wilson boulevard at 3 30. Crews discovered smoke billowing from the building. Surae chinn joins us live from the scene with the very latest. What have you learned . Reporter weve just learned those three people who were transported to the hospital have nonlife threatening injuries, so a bit of good news. We also know that Falls Church Fire marshal has just arrived on scene trying to figure out what caused this explosion. We also know that the explosion happened at the princess diamonds Jewelry Store. As i step out and zoom in here, y
Higher. Dow gaining 199 points. S p falling 1. 12 and the nasdaq climbing 0. 73 . Stocks had been going down for five days in the expectation that Interest Rates had to rise, because there would be such a huge burst of hiring. Bond investors had been selling down their holdings, driving rates higher, because they thought growth was too robust. Instead we got a cinderella Payroll Employment number this morning that gave people a reason to stop selling bonds and to start buy, buy, buy stocks, which had been dropping all week. Its a Pretty Amazing thing to watch. The same stocks that have been hammered going into the jobs report spring back to life. The banks, industrials, housingrelated names, the Consumer Product stocks. Its almost as if they were all priced to a huge bond selloff which wouldve driven rates up, and when they didnt happen, we put the labor report under the category i always tell you about. The big bad event category that is now behind us in the rearview mirror. And this
Dow gaining 199 points. S p falling 1. 12 and the nasdaq climbing. Stocks had been going down. For five days and the expectation that Interest Rates had to rise, because there would be such a huge burst of hiring. Investors had been selling down their holding, they thought growth was too robust. Instead we got a cinderella Payroll Employment number this morning that gave people a reason to stop selling bonds and to start buy, buy, buy stocks, which had been dropping all week. Its a Pretty Amazing thing to watch. The same stocks that have been hammered going into the jobs report spring back to life. The banks, industrials, housingrelated names, the Consumer Product stocks. Almost as if they were all priced to a huge bond selloff which wouldve driven rates up, and when they didnt happen, we put the labor report under the category i always tell you about. The big bad event category that is now behind us in the rearview mirror. And this and this happened at a moment when stocks were techni