And we continue counting down power lunchs top five business and finance stories of the year. Number three is coming up later this hour. See if you can guess what it is. Meantime lets go down to sue at a very busy new york stock exchange. Yep. Youre right, ty. The fed is front and center for investors in the markets tout today. Just under an hour until the latest decision on Interest Rates and the statement followed, of course, by Ben Bernankes News Conference as fed chief. So what are the top minds on wall street expecting . Steve liesman knows. Hes been talking to them and joins us now live from washington. Steve, over to you. Hey, sue, thanks. There is a big debate about what happens here in a little under an hour with some of the biggest investment banks on wall street really having die met rickically opposed positions. Let me show you, deutsch bank, or goldman, cued up first here, what deutsch bank is saying in their comment this morning, were looking for a 10 billion treasuries o
If youre wondering why the if youre wondering why the tenyear is important, who might be paying atense, li ining atte greenspan was on squawk box in december of 2010 and he had a piece of advice for cnbc viewers. Would you kindly get a little less libor on your streamer and more tenyear note . Yes. Do we go heavy on libor . I know what libor is, because it very rarely changes. The tenyear note is what it is all about. As for the 30year bond, the yield hasnt topped 4 since early august of 2011. I dont remember when my wife was pregnant nearly as well as she does. She remembers as the woman you tend to remember you feel it. You know it. It is a big event. It is. Something that is important. It is like jiffy pop, right . Remember how when you slowly. But you watch it slow and there is other things happening. Youre all kinds of things. It does ride heavy on your we had two in the oven. You did. We remember things. She remembers places, oh, yeah, i remember i was there, i felt like i was go
full-time jobs as opposed to part-time jobs. the second half is also important. the economy is a long, long way from being healthy. financial crises do enormous damage. and some of that is very difficult to prevent. but we also had a case in which while washington did i think objectively a very good job of responding to the crisis, in 2009, in 2010 and 11 they their glasses were a little rose colored and i think we shouldn t be too optimistic based on how many times we ve been disappointed over the economy in the last couple years. what do you think about the research done by vince rhinehart and others suggesting when you have a recession, a deep recession, caused by a financial crisis, that the comeback is much more shallow and that the bounce back is not as immediate? that s right. so it s by carmen rhinehart and ken roguehoff. i got the names wrong. it s easy to conflate them.
years ago. speaking about getting that vote out. not exercising your right to vote is milalarkeymalarkey. early voters will receive a $5 million donation from donald trump. couldn t you want this e don t you want this election over with already? the homeland security department is responding to a growing crisis in new york and new jersey. massive shortages of fuel hampering recovery efforts and leaving millions of motorists with empty tanks. tom costello is in richfield, new jersey, with details on that temporary fix. hi, andrea. we ve got a lot going on here. let me just set the stage for you. we re on the jersey turnpike and a lot of cars moving through here at the vince lombardi station, very quickly, because they seem to be keeping things moving. let me first show you an area of the port of new york, we have tankers moving through. the coast guard has been working hard to make sure that both the port of new york and new jersey are clear and able to take in t
west texas crude up a bit higher. talk about explosive. wait until you see what these guys were doing and why. here it comes. boom. just ahead. we start with sue and the eruption at the new york stock exchange. it s right behind me. real head turner this morning. there s technical glitches on trades through knight s pipeline. the stock as you mentioned is punished right now. it is down about 21% on the trading session and that is off of the low of the trading day. serious technology issues led to major volatility and then some and the halting of about 148 to 150 stocks. bob pisani is working the phones, watching it here on the floor of the nyse. there was a regular trading at 148 stocks. not all of them necessarily halted. knight issued a statement. we had yes. massive volume. mind boggling volume at the open. they have said that a technology issue occurred in the routing of approximately 150 stocks to the new york stock exchange. most occurred right near the open