You can see there is a bounce back. A lot of that coming from walmart. 44 points from walmarts deline alone. You can see this morning theres a bit of a bounce back. Dow futures are up by 107 points, s p futures up by 12 and the nasdaq up by 28. A couple of big stories were watching. First data priegs its ipo at 16 a share last night. Heres the bad news, thats below the 18 to 20 expected range. Selling 160 million shares to raise 2. 6 billion in total. It is the years largest Public Offering but albertson was expected to be the years second biggest ipo but the super market chain decided to delay its pricing due to market volatility. Also it could be that the market is now that window is closing. Mobile Payments Company square officially filed for its ipo saying it plans to list on the nyse under the ticker sq. The news comes just a week after square qceo was named ceo of twitter. It reported a net loss in the first half of this year. United health out with quarterly numbers. It Beat Est
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Investment has slowed, the Unemployment Rate is still elevated as we know, and strains in the Global Financial markets pose significant risk. As darren gersh reports, the fed wants to keep a low profile for the next few weeks. Reporter less than two weeks before the election, the Federal Reserve was clearly not looking to make big changes in its policy statement. So what we got were slight course corrections today. On inflation, for example, the fed said inflation picked up somewhat from september, because of Higher Energy prices, but that trend may already be in the rear view mirror. If anything, core inflation has been coming in low over the past three months. The core c. P. I. Increased only 0. 1 over july, august, and september, pushing it further below their 2 target, i think that might be more significant for them than the fact that Energy Prices rose in a transitory way over the summer. Reporter we wont know for a few more weeks what the fed talked about at todays meeting, but i
Unemployment rate is still elevated as we know, and strains in the Global Financial markets pose significant risk. As darren gersh reports, the fed wants to keep a low profile for the next few weeks. Reporter less than two weeks before the election, the Federal Reserve was clearly not looking to make big changes in its policy statement. So what we got were slight course corrections today. On inflation, for example, the fed said inflation picked up somewhat from september, because of Higher Energy prices, but that trend may already be in the rear view mirror. If anything, core inflation has been coming in low over the past three months. The core c. P. I. Increased only 0. 1 over july, august, and september, pushing it further below their 2 target, i think that might be more significant for them than the fact that Energy Prices rose in a transitory way over the summer. Reporter we wont know for a few more weeks what the fed talked about at todays meeting, but its a good bet chairman ben
Is still growing at a moderate pace, the housing sector is improving, Household Spending is expanding, but Business Investment has slowed, the Unemployment Rate is still elevated as we know, and strains in the Global Financial markets pose significant risk. As darren gersh reports, the fed wants to keep a low profile for the next few weeks. Reporter less than two weeks before the election, the Federal Reserve was clearly not looking to make big changes in its policy statement. So what we got were slight course corrections today. On inflation, for example, the fed said inflation picked up somewhat from september, because of Higher Energy prices, but that trend may already be in the rear view mirror. If anything, core inflation has been coming in low over the past three months. The core c. P. I. Increased only 0. 1 over july, august, and september, pushing it further below their 2 target, i think that might be more significant for them than the fact that Energy Prices rose in a transitor