Stay updated with breaking news from Haynes celeste. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Building. All of this a couple of weeks away from jackson hole. The conversations are really going to build up ahead of that speech for the fed charean net yellen. If she mentions that, were going to have the same kind of move. David theres more of a raise than people think. Alix the debate continues and were going to chris just from energy to opportunity to real estate from sam zell. Plus were going to speak to the c. E. O. Of the biggest Mining Company of the world, andrew mckenzy. There were the fx market, a great market. Its soft on the d. A. X. Down by a half percent. And this is the spillover from equity into bonds. Yields on treasuries coming in three basis points on a five year. Now just 69 basis points on a two year. Were in three basis points on the u. S. Twoyear. The big move is youre seeing a weaker dollar on the crosses against every single g10 currency. Dollar yen, the biggest mover breaking in at 100. And historical ....
The market plummeting instantly and the fed slowed down the bond buying . Some of the allegedly intelligent people have been yelling this from the rooftops for years and ive accepted it as conventional wisdom. Why did stocks rally beautifully on the news . That the fed is starting to cut back on all of that bond buying. The dow soaring, and the nasdaq jumping 1. 15 , simple. The fed knew what it was doing. Because ben bernanke knows what hes doing. Because in this case, the one rare case we are a part of the government than the people who trade stocks and bonds for a living. We might have to endure endless attacks from ben bernanke and the president and the policies that hurt growth. We can digest the endless slagging for creating balloons and the disciplines that so many idea logs, dogmatically think are right. However, in the end, though, and today is the end, the last meeting of the ben bernanke era, he got it right. It was the critics who got it wrong. With this rally in the face o ....
Hilton worldwide will have its first report is a public committee. We will also have a report from ralph lauren. We know that the Toronto Maple Leafs are playing golf. Right now, equities, bonds, currencies 2. 61 . R yields, nymex is at 0. 82. Vicks, 13. 43. Yellen year yield is the headline. We have to get wonky. 82 is the difference between the 10 year note and a 30 year debt. Lets go to the monitor them at the bloomberg terminal. Mr. Putin in crimea move into the weekend. The navy is presenting off the coast. We still do not know one putin wants. We will talk about ukraine later. We scoured the front page. It was completely jumbled last night. Everything changed. The top story had to do with the advertising juggernaut. This would have been the biggest advertising firm. The board voted to end the advertising deal. All of the delays created uncertainty for everyone involved. Shareholders, employees we are not that realizing ....