Said this in the past, i think for the fed to gradually and cautiously increase our overnight Interest Rate over time. And probably in the coming months such a move would be appropriate. That, of course, is fed chair janet yellen speaking today. Sounds like a rate hike is coming. If thats the case, what do you do with your portfolio now . Its almost a little disappointing, that the fed just decided this is the time. And data dependencywise, ive fallen on the more constructive side of it. But im not doing cart wheels over the data release. Fed is not priced in. If you look at your portfolio, those things that were dovish trades i think are extremely stretched. Those things that were defensive essentially be careful of the things that are very, very cheap. I think thats something that the market needs and some of it you could say this does feel a little bit like november when we were at 2100 on the s p and one to two rate hikes were not priced in. There were a lot of people that were cau
Nasdaq up by close to 20. Overnight in asia, the nikkei up by 0. 6 . The shanghai deposit was flat. In europe, some of the early trading, youre seeing those positive gains are continuing here the dax is the biggest gainer of the major averages up by 1. 7 . The ftse is up 0. 6 . They finally decided if the economy is is not going to get better, at least we got glory. You almost heard both messages from yellen. The economy is doing okay. She wants something to confirm in one number, i dont think one month would confirm. July, like 20 now. I think its still on the table. We also want to see what happens with brexit. For eight years its been look. The economy hasnt really been getting any better but we got the free money. Weve got the low rates. Lets buy stocks. That still works. There no alternative to move, right . Yeah. There is some corporate news. Some corporate news, not so great news for yahoo this morning. Verizon going to submit a bit of only around 3 billion. The wall street jour
Exchange on cnbc. Im wilfred frost alongside susan lee in for sara again. A very good morning, susan. Good to see you, wilfred. Lets get you up to speed. Dow closing. 25 . And the oil prices were stronger yesterday. The Energy Sector was the best performing sector. Oil prices up slightly again today. Thats led to gains around the world. And gains in the u. S. Futures markets, culled high by 66 points on the dow. About a third of 1 on all three of those indices. Its interesting to point out the biggest reaction to all of the fed speaker over the month has been bonds. If you look at the bond markets down to 1. 73 . Of course, we were near 1. 9 a few weeks ago. Well get you more to the markets in just a bit. But first, breaking split cal news. Montana, south dakota, north dakota, and the most up for grabs, 475 at stake for former secretary of state Hillary Clinton and senator Bernie Sanders. But ahead of todays contest, word comes that hillary has gone over the top of the magic number of
Murderer himself. And new details emerge focusing on the gunmans wife and how much she actually knew. Forces tell fox news she could soon be charged as an akoim police. President obama walked up to the peed yum and used the occasion to reinstate the ban on assault weapons. The Hillary Clinton mimicking the tactics straight from her opponent, donald trump counter punching his attacks line by line in a speech in pittsburgh. Weve got it covered by crews in fla na, our political. What does bernie think, should the United States reinste the ban on the terrorists weapon of choice. Hes here on a first on bob interview. Were less than a half hour to the closing bill. The countdown next. Okay. And weve just hit yet another new session low. Were down 137 points. Huge flashing warning signal signs for global markets. At this hour, the Federal Reserve is now two hours into the two day june meeting and right now, fed funds futures pits, where theyve bet on the probability of a rate hike. Theyre ind
Race wall street was expecting looks to be set. Hillary clinton has clinched the democratic president ial nomination, becoming the first woman to lead the president ial ticket of a major party. Much of the focus today was on the Presumptive Republican nominee, donald trump. The two highestranking republican members of congress, paul ryan and mitch mcconnell, have come out against trumps attacks on a hispanic judge presiding over the Trump University case, calling him pilesed because hes of mexican descent. I disavow those comments, i regret those comments he made. Claiming a person cant do the job because of their race is the textbook definition of a racist comment. I think that should be absolutely disavowed, its absolutely unacceptable. Senator mcconnell expressed frustration saying it is time to quit attacking various people that you competed with or various minority groups in the country and get on message. Late today in a statement, trump said his comments about the judge had been