we put together a chart, the market s lower after bin bernanke wrapped up his testimony in front of congress including the q&a session durin which he did say may be depending on how good the day i we might see a sort of scaling back, tapering is the war that has been used for when we start to see that. silica what happens right aroun 2:00 p.m. eastern when the fed minutes were released. this goes back to the april if the fed will be willing to share as early as next month, and we are talking june. finally we might have a date. the-the effect on the markets. that set down to peter barnes. he will know which part of this. how come we decide what matters the most. there were crosscurrents in the testimony, and crosscurrent in the fed minutes. let s start with the minutes which say most observe that the outlook for the labor market ha shown progress since the progra was started in the quantitative easing in september, but many o these participants indicated that continued progr
of the next few meetings, that is if the economy improves. david: prices dropped and yields rose above 2% for the first time since march. rising nine basis points settling at 2.02%. liz: prices falling below $95 per barrel, u.s. energy information administration said supplies decline last week, far less than analysts had estimated.han analysts had estimated. david: this is part of what turned the market to the plus side. the housing market rebounded last month as home sales reached the highest levels in more than three years. some went up 8% as a result of this sales inching up from april. liz: good news for ford. planned increase manufacturing capacity in 2013, the company says will do it for a series of production line expansions by shortening down. david: twitters that it has rolled out a new two-step authentication process for logins aimed at bolstering the security after slew of high profile account hijackings including one of the ap account. a very busy day of after th
big earnings movers today. first of you will, shares of humana rising after its profit more than doubled in first quarter, on lower benefit expenses and increased membership. health care insurer raised it profit forecast for the year. also, shares of pharmaceutical company, merck sliding into the red, following first-quarter earnings miss. pharmaceutical giant s disappointing sales prompted the company to lower its full year outlook. merck is the second major drug company to do exactly that this week. when the bell rings the action begins. we are awaiting earnings for facebook, plus we ll be hearing from the former fed governor, wayne angell. you love wayne, to talk about the what fed is doing right and more importantly, what it is doing wrong. and we re heading back to liz claman. at the milken conference. what do you have coming up, liz? liz: well, thank goodness i just got an infusion of my coffee bean and tea leaf. no starbucks around here. mike milken, who runs the milke
david: very interesting, cheryl. good to see you lauren. lauren: hi. david: we have wayne angell. we have ron paul. of course his encounters with ben bernanke were legendary, historic. we ll talk to them coming up very shortly. lauren: it will be hard to get answers today because the fed is stuck in this really tough positions. we have to it figure out how to jump-start the economy, not just the stock market. let s go to nicole petallides at new york stock exchange. david: let s start, nicole. we start with fedex it was an extraordinary run-up. it was in the $100 range. it pulls back quite a bit. this is the biggest pullback since 2011? certainly is, the biggest pull back since 2011. concerns globally and also going to cut down what they re shipping over it asia. lauren: how is oracle looking ahead of their earnings release, nicole? we re watching oracle closely in the tax realm. we ll see whether or not they have earnings. [closing bell rings] david: best buy up another
can. david: off the desk , over to disney world where we re actually turning away. starting saturday, children under 14 have to be accompanied by someone older if they want to enter a disney park in the u.s. currently there is no age restriction. spokesman said the move was in the triggered by a particular incident and meant to bring a consistent age policy across the domestic parks. lauren: number one thing to watch tomorrow will be the federal reserve policy statement that comes at 2:00 p.m. eastern time. half an hour after that federal reserve chairman ben bernanke s news conference. investors will be listening very closely for any clues that the money printing program by the fed may slow down earlier than expected. david: indeed. it will move the markets. we guaranty that. that s why because of the fed decision we re going to focus on the fed tomorrow on after the bell. look at this. we have an insider s perspective from wayne angell. y all know wayne angell, former fe