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note. as for the european markets let s go to the map. there is more red than green on the screen today. mirroring really what we saw in the united states post the yellen news conference. our roadmap today starts with the markets. stocks under pressure again after sliding during janet yell yellen s first press conference yesterday. is it all about interpretation? we ll explain. plus, goldman sachs is the latest bank to go bearish on china slashing its growth outlook for the next couple of years we ll tell you why? and how about lennar and underarmor as well the companies making big moves thus far this morning and, of course, nike reports after the bell this afternoon. we ll go behind those numbers and tell you everything you need to know. well, it s the message heard round the market world. courtesy of janet yellen in yesterday s news conference following the fomc meeting the fed chair said the period between the end of the fed s bond-buying program and the firs ....
potential successors to ben bernanke. stocks nearing some record levels. the nasdaq moved toward their best september in three years. apple is not part of the rally. the company announcing the new 5c and 5s will be available friday. we ll talk about whether investors should be concerned. look out elon musk. they are working on a new electric car. first up, fed reserve policy makers begin a two-day meeting today. the fed statement will be out tomorrow followed by a new conference with fed chairman bernanke of course. it comes one day after stocks did rally on news that former treasury secretary larry summers pulled out of the running for the fed chairman. everyone is talking about yellen, though you look at andrews column in the time today, the mention of donald cone, geithner still gets a mention here and there. geithner s out. but i think that ferguson will be terrific. look, i still believe that if you liked summers, you don t like yellen. sure yellen was a ....
as well and europe moderately in the red as asia does retreat from the big gains yesterday. we have hit dow 16,000 and s&p 1,800. but then those comments from carl icahn yesterday spoiled the party a bit. there could be an announcement this morning involving that $13 billion settlement between the department of justice and jpmorgan chase. if and when, we ll fill you in. more problems for tesla as the automaker is the subject of a formal government probe involving fires in the model s. the dow hit 16,000, the s&p 1,800 yesterday. both closed below those levels after carl icahn expressed concerns about current valuations, saying that stocks, in his words, could face a big drop. jim, the story for retail in the fourth quarter is going to be price competition and margin pressure? i think companies mentioning price competition, best buy, contrast urban outfitters last night, contrast that with home depot and dick s where they re not talking about that. i was talking ....
by 0.5%. as for the ten-year here until the united states, the yield had dipped to a two-week low, falling below 2.7%. right now, it s picked up a little bit, 2.695%. take a look at gold prices. prices fell below $1300. up about $2.50. but, again, below $1,300. walmart filing ads 5 billion lawsuit against visa, accusing the credit card company of passing along unreasonable swipe fees when shoppers use credit or debit cards at its store. the wall street journal says the suit alleges that visa swipe fees went against anti-trust regulations and in turn turns up more than $350 billion over the course of nine years. this has been an ongoing battle between the retailers and credit card companies. there was legislation passed in the senate to change the balance of this. they say $5 billion this is over the course of five years. i guess they figure let s start with this. but more important than the $5 billion they re looking for, they re looking to change the course of ....
the biotech index is the new vix. though today the vix is the new vix as well. oh, how quickly things unravel. the nasdaq is down more than 7% from its high of just a month ago. the russell 2,000 is as well. the dow jones industrial average by comparison is only after 2.5% from its 2014 high. that s only a reflection of how poorly it had done relative to the nasdaq until the last week or so. the dow is down 1.3%. american extress, disney, microsoft, jpmorgan whose earnings are coming down right in front of us here. some of the real rate sensitive names, rate sensitive parts of this market as that ten-year continues a jaw-dropping drop db pardon the repetition there is one thing that s getting people s attention. you can look at some of the big insurers, metlives, and see the pain there. people are jumping out of those higher rate moves. what do people do when they feel pain? they eat and they shop. mcdonald s is the best performer in the dow. it is actually ....