good morning. very warm welcome to worldwide exchange here on cnbc. i m wilfred frost. i m seema mody in for sara eisen. good morning to you. nice to have you with us. good to be here. let s check gobel mlobal market. futures or i should say u.s. stocks ending higher yesterday. the s&p closing about 1.6% away from the record closing high. futures indicating a lower open. down 3 for the s&p 500. dow jones off by 14, and the nasdaq off by 3. this as we kick off the earnings season for q1. treasuries have been in focus. yesterday fed chair janet yellen dropping a hint that rates will be likely rising again shortly. the ten-year yield hanging out around 2.3% to 2.4%. right now at 2.34. let s look at equities around the world. asian equities first up. the nikkei and hang seng both down a bit today. hong kong almost down three quarters of a percent. shanghai up about 0.6%. european trade to move on to that, we had some data hit the wires. eurozone industrial output down
spending plan without any drama. will the agreement help with the recovery. rate watch, could today s decision cause mortgage rates to spike making it more expensetive to buy a house and throwing a wrench in the economic turn around? that and more for nightly business report for wednesday, december 18th. good evening everyone. all those months of taper talk are done. the federal reserve said today it will begin winding down the landmark stimulus program, a process wall street dubbed the taper. starting in january, the central bank will cut back on the huge bond purchases by $10 billion a month. why now? speaking at his last press conference as fed chairman, ben bernanke said the economy is healthier and the job market is making progress. this marks the beginning of the end of the historic money program that lunched in 2008 to stabilize the economy during the deb tating financial crisis. the reaction was surprisingly positive. stocks skyrocketed and the dow and s&p 500 h
budget deal, congress gives final approval to a government spending plan without any drama. will the agreement help with the recovery. rate watch, could today s decision cause mortgage rates to spike making it more expensetive to buy a house and throwing a wrench in the economic turn around? that and more for nightly business report for wednesday, december 18th. good evening everyone. all those months of taper talk are done. the federal reserve said today it will begin winding down the landmark stimulus program, a process wall street dubbed the taper. starting in january, the central bank will cut back on the huge bond purchases by $10 billion a month. why now? speaking at his last press conference as fed chairman, ben bernanke said the economy is healthier and the job market is making progress. this marks the beginning of the end of the historic money program that lunched in 2008 to stabilize the economy during the deb tating financial crisis. the reaction was surprisi