The german dax down nearly 3 today. Futures down sharply following yesterdays fed decision to stay pat on Interest Rates. Most fed policymakers are not ruling out a rate hike by the end of the year, four of them are forecasting an increase in 2016 or later. At yesterdays News Conference chair yellen outlined her case for holding off on a rate hike. Light of the heightened uncertainties abroad, and the slightly softer expected path for inflation, the committee judged it appropriate to wait for more evidence including some further improvement in the labor market to bolster its confidence that inflation will rise to 2 in the medium term. Jim, some video of you as the decision was coming across the screens. You were excited. Because you did not want them to hike. Now everyone is worried about what theyre calling the third mandate, somehow the rest of the world is driving our Monetary Policy. What i like about it, carl, its over with. We can focus on companies doing well and buy their stock
Consolidated Airlines Group includes iberia, and british airlines. Those numbers are coming to right now. Revenue seems to have beaten estimates. They see a fullyear outlook in terms of the operating profit in a different range. Lingus and that is something that happened six month or so they mend managed to do that. Really what has been boosting these airlines over the summer has been partly some bad weather but essentially many of these European Airlines have done pretty well over the summer operating profit tripling in air france strong numbers coming from other airlines. That will set the bar fairly high this morning. We are getting an update, but the number seems to be at ahead of estimates. More details no doubt to follow. We already heard about the dividend. It ae given us and dividend policy into the future. Guy consolidation brings benefits. It will be a messy one for rbs. Were seeing costs coming in for the u. K. Lender. 840 milliontune of pounds. Pounds ofhe billion restructu
European trading resumes on monday. Our road map begins with the market. Stocks looking for new highs a day after the dow closed above that 18,000 mark. Plus, on second thought, never mind. Sony changing course and letting select theaters show the interview after all. Now were waiting for the next big news, where you can watch it online. And uber overseas expansion taking another hit this morning. Why the ceo may not want to head to south korea any time soon. But first up, you saw it here yesterday on squawk on the street. The dow hitting 18,000 for the first time ever. Blue chips and the s p each going on to post alltime closing highs. One full quarter of the s p hit new 52week highs yesterday. 125 names, jim, although people still talking about the russells nonconfirmation, the nasdaq, which for the first time in several years is in danger of underperforming the s p. Well, you know what, it should. The run in the nasdaq is something that distinguishing this market from are the 1999 f
But it is a forecast, that is poconos it is cloudy. Cloudy but cool for you. At the shore you will end up with steady rain out of this through Cape May County and over towards sussex county, delaware, if your travels take to you rehoboth for example. In philadelphia we are talking about a couple showers scattered in nature and come through this afternoon and this evening. It is a dreary day but it does pay us dividend down the road. We have to absolutely perfect conditions coming up for the Holiday Weekend here and a heated forecast, looking ahead to the next week. Were talk about temperatures coming up as the show progresses vittoria. Right now traveling on the majors we are not seeing anything major. We will see things probably take a turn closer to rush hour but right now things are wide opened for you. Let take a look if you are traveling on 422 this shot here is right around oaks on the eastbound side, we have a disabled vehicle and unfortunately we have gotten word that the disab
The precious metal bouncing back into the green. It does touch one month lows in trading but todays game was not enough to make of earlier losses gold finishing the week 1 lower. It is still just above 1700, 1,705. 70 for one ounce. Technology worst performing sector. Many social media stocks of bucking that trend. Yelp, facebook, zynga and groupon up 23 . Dave facebook pushing close to 30. A lot of people happy about that. Michigan lawmakers passing right to work bills despite protests. A longtime supporter of right to work was, Michigan State senator is here with the inside story behind the move that took a lot of folks by surprise. Right to work in michigan, the home of the united autoworkers. The stakes are changing. We will talk to him coming the. Oppenheimer fund economist Brian Leverett on the 6040 portfolio. He says it will bring you profits beyond the fiscal cliff. Dave an exciting our coming up. We will tell you what drove the markets today with todays data download. Of next