More evidence the fed will continue its decision on Interest Rates. Sally Fisher Stanley fischer stuck with tom keene on bloomberg surveillance. Hey talked about potential changes and whether there is policy unity within the fed. We are growing at around 2 and the problem we face is that of productivity. I do not think the dollar is fundamentally the most important factor affecting the rate of growth in productivity. Obviously, a stronger dollar has an impact on the profitability of American Companies and on how much we want to import. But the bottom line on this is we have seen an appreciation of the dollar and the American Economy continues at full employment. Or moveowards towards full employment. In a fundamental sense, we have withstood much of the challenge. It has an impact on inflation, reducing inflation, but we have to deal with the world as it is. Tom cole in a final thought. Final thought. Professor at princeton was quite adamant about a greater fiscal thrust. We are exhaus
Giants tax story. Welcome to closing bell, everybody. Im kelly evans at the New York Stock Exchange. Im mike santoli in for bill griffe griffeth. The European Union says apple must pay ireland 14. 5 billion in taxes. Ireland doesnt want the money. We have got the latest developments and someone that says it threatens uncertainty of businesses in europe. Apple shares down nearly 1 on the developments. Boeing, meanwhile, deciding not to raise jetliner prices for the First Time Since the financial crisis. See fed officials shaking their heads. Well have what it means about the broader economy. Gold prices slowing down after a big rally year to date. Is the gold run over . Well debate it coming up. After the bell, sean combs will join us live here on set at New York Stock Exchange after ringing the closing bell to talk about the latest Business Ventures and the music industry. Stay tuned for that next hour. Lets start, though, with apples tax bill in europe. Jon fortt with the latest devel
February. Some good news, america, median Household Incomes rising for the first time in eight years. Now stand at 56,500 per home. Unfortunately, as melissa noted, median investments are likely down a bit today. Stocks are getting whacked as we head deeper into the trading day. The dow is down 1. 5 . That would be pretty big slide for the dow. And volatility has really ramped up in the last couple of days, your story, though, once again, maybe oil. Crude could be a cause. Crude oil is down nearly 3 . Lets get more now on this market. Bob pisani on the floor of the new york stock exchange. Starting to get a couple of calls from friends and family and random strangers. What is going on with the market. Is it oil . Is it trump . Is it the fed or, is it, d, all of the above . A little bit all of the above but largely on the fed and what the fed is going to do next week, even though the chance is 25 , thats what the market says, people down here dont believe that. Take a look at where we a
Bloomquist, and meteorologist, david murphy. Good afternoon, sara bloomquist is off and in the news a serial robber on the run, the 14 separate crimes connect to one gunman. And a convicted murderer is back in court to learn his sentence. But the big story is the cool and cloudy change taking over for the weekend. Taking a look at sky 6 hd from penns landing. The skies are gray all morning long, not a lot of sunshine on this friday, we could see light showers with steadier rain arriving later tonight. Lets head to the big board and meteorologist, melissa magee. You can see the clouds are building in through much of the delaware and Lehigh Valley, lets show you through satellite 6 along with action radar, we have light precipitation south and west of philadelphia. Stormtracker 6 live double scan showing you that we have moisture just to the south and west of the city, extending back to the ohio valley all the into kansas city, missouri. This is an elongated area of precipitation working
Speculation. But hes been busy shuffling his c suite, tweaking twitters product, and focusing on revenue. Costello spoke with us. Topic number one, twitters acquisition of nearby project a company that connects social media stars with advertisers. Its absolutely the very beginning of providing opportunities to viners who have done such great work at building this unique community of creators and connecting them to brands we think is just going to be a usome for the brands who want to leverage the great work they do to create stories and then build a career off the fun things. Do you find yourself competing with snap chat with this new generation of video creators . I think about it more as this unique platform weve developed and this awesome there are these stop Motion Animation experts, there are these comedians, there are these sort of vine magicians through some of the frame by frame animation work they do. And being able to leverage their talents to help brands and companies tell t