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China. The administration is demanding meaningful reforms. Stockpiles continue to shrink. This could lead to rising tension in the gulf. Shery a quick check of the market close. We saw the s p 500 for the most since may. It was already a pretty fragile session for the market. Tensions. Opolitical then we heard from Jerome Powell and also the st. Louis fed president. Investors did not like what they heard. Check and communication stocks are leading the decline. We are also seeing the nasdaq down 1. 5 . U. S. Futures are not doing much. Lets see how the markets are shaping up. Sophie were looking at a tenuous beginning. These are nudging higher. The yen is looking study. Study. Eady. Steady. Goldman is seeing the silver lining, raising korea and taiwan to market rate. Australia onowered Bank Earnings risks. Stocks are nudging higher. This is head of the argan decision. We are see ....
Business less likely to expand yet, thats what happened today. Dow gaining 81 points. S p tipping. 0. 5 . After the fed gave us its long expected quarterpoint rate hike so the answer is, yes, but yes for a reason the departing fed chief has followed the footsteps of her predecessor telegraphing her actions months ahead of time her transparency which i hope will continue under incoming chairman jay powell is the reason why the market didnt get slugged when we got the hike now, there is a whole generation of investors out there who dont know the way these fed meetings used to be back in the day when they were edge of your seat occasions. Everything was cloaked in secrecy. We never knew what they were going to do. Never had anybody to figure out why they did it beyond the boilerplate statement that was g gobbledygo gobbledygook why does the market or dow seem to like this, enjoy a rate hike . A couple of reasons. First not so much that we like it, as that investors realize rates cant stay ....
Good morning and welcome to march. Stocks try to finish the week with a climbing to record highs after, oh, a brief weakness yesterday into the close. The sequester deadline finally arrives with no compromise in sight. Plus, in Corporate News, groupon out. Its ceo and in an unusual cliff, wait until you hear the email that andrew mason sent to employees announcing his own firing. Ill ask ben white if politico got this email, too. Its friday, march 1st, 2013. Squawk box begins right now. Good morning, everybody. Welcome to squawk box here on cnbc. Im becky quick along with joe kernen and Andrew Ross Sorkin. Our guest host this hour is zach carabell. Also ben white who is politico chief economic correspondent. Gentlemen, welcome to both of you. Thank you for getting up early. It is a grait great day to have you both with us. Were talking about the wall street situation and ....
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