I am not sure that bernanke will discuss the topic. Looking at both fedex and General Mills. Fedex has been a great performer. They have done maintenance on the planes. That has also cut down on the prices. We are seeing General Mills under pressure while fedex is hitting new highs. Lori thank you, nicole. Adam we are just an hour away from the latest decision from the central bank. Lori will they, or wont they when it comes to tapering . Peter most of the Analysts Expect them to do a soft launch of its tapering. Probably dial it back right ten 20 billion a month or so. Make sure that markets and investors know that it will be future tapering and it will be data dependent. This may not be a slamdunk for the fed. Take a listen. With such a slew of moderately bad news, much weaker than they expected, you know, it does raise the question why start tapering now. I think the market has not really priced that in yet. Peter one of the other options could be not to start tapering now. I also w
These people turn to washington and try to see the Federal Reserve whether or not they would begin to taper the bond buying. We will get to some movers in a moment, couple of things, the 10year, and gold just spiked moments ago up 26. Keep an eye on gold. I wanted to take a look at walmart and cisco with two down components. Cisco systems carbon 5 of their global workforce. Back to you. Ashley thank you very much. Lori a reflection of the cpi, shows a little inflation in the system. Lets talk about the data they lose. The latest reading on the fed installment is the and Atlantic Region slow down more than expected in august. The news isnt much better in the new york area. Edging up 0. 2 in line with estimates. A bit of good news. Initial jobless claims fell more than expected to be lowest level in six years, so the best levels since the end of the recession. Does that mean a september tapering is more likely . Wells fargo senior economist. We have a stock selloff and a bond selling off
the dollar near the highs of the day. nicole: it really is. 15,036 was our high of the day. a couple of points away, up about a half of 1% on the dow jones industrial. the nasdaq has moved back into the green lower the majority of the day. a gain of about half a percent. the majority of the names are in the green, retail stocks, banking stocks with green arrows. some of the best performers in percentage terms on the dow jones industrials today. there are several names of more than 1% but a look at caterpillar and jpmorgan getting closer to those. united health at 1% and dupont with an up arrow. three quarters of the names of the s&p have a perilous with the exception to some names getting beaten down. that is cisco and microsoft dropping more than 1% each. melissa: thanks so much. lori: the u.s. under cyber attack again. hackers threaten to strike. coming at the pentagon issued its sharpest criticism yet of the chinese role in cyber espionage and hacking. joining us with the
what is selling off the most are the materials. one of the worst performers and definitely today if you take a look at some of these companies, down nearly 8%, nearly 11 for barrick gold. and i also want to point out behemoth mining. that is tumbling along with the gold commodity. back to you. melissa: thank you, lauren. lori: offers guests says investors are wise to jump into this pullback. president of west coast asset management. welcome to the studios today. so you re happy to see the dow down 165 points right now, you see this as a buying opportunity? absolutely. this is just one more step back. the volume is kind of late today. lori: may be turning off the masters tournament a little bit. people have just been in awe of the resilience to your point. the political situation here in our country. looks as if the market is looking for any excuse to pull back. you don t think this is a turnaround, just a little bit of a consolidation situation? for the week we will be up