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Threequarters of a percent. The nasdaq moving above, 1 higher now. Were going to kick things off with our chart of the day, the ten year. The yield ripping higher again right now. Take a look. It hit above 4. 65 earlier in the session, at its highest level in 16 years, right now at 4. 6. Really thats where we have to start this conversation, shannon. Higher yields but yet were seeing a bigger rally in the markets. How is that even possible . I think weve already been under pressure the last week or so. Not to say that pressure has eased, because if you think about what were facing right now, were facing Higher Oil Prices, higher yields, potential shutdown. Keep going. Student loan repayments are back. Were in september, which is just a tough time in the marketplace, and so this continued pressure, i think, what you see in todays marketplace, youre looking at investors saying, okay, weve experienced some of this pain, we have ha ....
Catching the safe haven bid. Down by. 6 . I find it ironic that the missile was fired over japan if the yen is the safe haven currency of note. Gold up by. 8 . The highest since the election of last year and the vix jumped by about 20 . The good safe haven move happening all across markets. We are joined by Stephen Engle from tokyo and on the phone is. Aniel tenenbaum he provides regulatory Crisis Management support to Global Financial institutions. Youre on the ground. I want to hear whats happening with you first. What has happened in the last few hours . Has convened his second Emergency NationalSecurity Council gathering with his ministers of defense. To discuss their options. This after shinzo a ....
A massive Balance Sheet. Lets go to Steve Leishman, he has been deciphering what the fed is up to steve. Reporter hey, yes, the Federal Reserve hiked points to a quarter point of a ragege of one to onequarter of a percent, turning up the heat and ignoring readings its the First Time Since 2008 the feds number does not have a zero in front of it. Janet yellen says the moves are justified despite weak Inflation Numbers. All that we are doing in raising rates is moving, removing a bit of accommodation heading towards neutral pace and i see that is appropriate, where were not moving so aggressively as to put a break on continued improvement in the labor market. Reporter the fed also announced a plan to begin s ....