Welcome to countdown. It has gone 6 a. M. In london. Lets talk about the fed and what they did and did not do and with the did two markets. No change in interestrate from the Federal Reserve. That was generally expected although there was that risk it would flag. The dollar index fell and it is still weak. The dollar index down by. 3 of a percent in the trading session. The feds inaction has weighed on the greenback this year, that is the subtitle that goes along with this chart showing how the dollar has fallen and is having trouble making any headway of toward the feds inaction and weighing on the dollar. There was some hawkishness around the shortterm trajectory. Youll see expectations of a hike in december have been pushed up to above 61 . Asian markets have responded to the no change decision from the no change decision. Up shy of 1 . The fed did cut back on its expectations for hikes in 2017. Bringing that down from three to two. That was seen as fairly dovish and equity markets
And dont forget be, theres an offer today to have a personallysigned copy of his book, poison spring, just outside the door. Thank you. And if any of you would like to get further information about whats going on in sustainable claremont, get on our mailing list. Theres a place where you can sign in up here. [inaudible conversations] is there a nonfiction be author or book youd like to see featured on booktv . Send us an email at booktv to the cspan. Org or tweet us at twitter. Com booktv. Youre watching booktv on cspan2. Hes our prime time lineup for tonight. Up next, her from freedom fest in las vegas, an annual libertarian Conference Held last week. Then at 9, after words with veteran space correspondent jay barbary. He talks about the life and career of Neil Armstrong with michael neufeld. Historian and political strategist chris derose examines the civil war through five president s. And we wrap up tonights prime time programming at 11 p. M. Eastern with Michael Waldman examining
Throughout. Tom lee said himself, the financials, the idea that were out with some of those, that sounds like great news to him. Its something theyre going to be covering in squawk on the street right now. Expired, by which the underwriters can start saying what they think. And guess what eric schmidt thinks is the companys biggest rival when it comes to search. The answer may surprise you. Got his attention. A big day for Bank Earnings. Jpmorgan chase posting a Third Quarter earnings miss. Revenues, though, did exceed estimates, helped by fixed income, currency, and commodity training. Citi reported better than expected Quarterly Results while wells fargo came in right in line with what was expected for its Third Quarter earnings. The Bank Earnings coming one day after stocks posted the worst threeday losing streak weve seen since 2011. The s p 500 down nearly 1. 7 , closing below its 200day moving average for the first time in almost two years. I said 1. 3, it was 1. 7. And adding th
You can bet on in vegas this week is a great gathering of extraordinary minds across the financial industry. We are going to be talking to a few. Mike novogratz. Bruce richards. There you go. Erik these are just three of the guests we have lined up. Stephanie how about a little news. We will take you to the bulletin. These are the top business stories. The labor market may be moderating with the economy. Companies added the fewest numbers of workers in more than a year. Private employers hired 169,000 people. That was fewer than forecast. We will get the jobs report on friday. The price of oil is rising. It hit the 62 a barrel mark. There is speculation the oil gluttony may be easing. The u. S. Companies have reduced the number of active oil rigs to the fewest in years. Glad i am talking to Boone Pickens while i am here. Shares of herbalife are up. It boosted its forecast and posted betterthanexpected earnings for the First Quarter. They are in a two year battle with mr. Ackman. It has
Futures meantime okay. 10year yields not moving a whole lot and may not until we get the fed statement tomorrow. Our road map begins with apple, profit and revenue did beat the street last night but margins are below expectations. Sears has considered breaking off its lands end and sears auto businesses. Facebook looking for the social marketing revolution. And nbc reporting the Obama Administration knew millions would not be able to keep their Health Insurance under the new Affordable Care act. First up, though, apple did beat the street last night with its fiscal Fourth Quarter numbers. Profits fell, growth margins slid among heightened competition, despite the sale of 40 million iphones for the quarter. They see revenues 55 billion to 55 billion. Heres what ceo tim cook had to say last night on apples conference call. If terms of supply, into the quarter with a very significant backlog. However, our supply is building each week. In terms of the retina or the ipad mini where the resi