Prices and the economy depends on the course of the virus the committee will maintain its purchases or increase to smooth market funding it repeats for the second time that it seeks inflation moderately above 2 . This is a carbon copy of the last statement i counted seven words changed and none of them really substantial or meant to convey any particular meaning i think that reflects the big changes. Jim was saying last time exceeding the 2 inflation goal and theity si itdesire not to mo many waves while the country counts votes in this president ial election. The other dissenter did not attend the meeting due to the birth of his second child. Congratulations to Neal Kashkari absolutely. Well spend half an hour dissecting those seven words what do you think of jims point, which is the absence of stimulus may have put the fed even more under a spotlight to do even more absolutely. I think thats true. I think the fed will feel pressure to do more, but it creates an interesting quandary,
Uncertainty. Coming in below estimates. Oil making a move higher for a change today, snapping a fiveweek losing streak, turning in one of the best weeks of the year nanny taylor is here welcome to ladies hour here. Girl power. You say tech is the key do you mean fang or something broader . I mean something broader than that we started to see the Economic Data ticking up, yet local p miismt its mi is moving up, small by, Chinese Consumer precoronavirus. So we have to see what is going to be the impact, farreaching impact i think thats good for stocks so i think stocks are less risky. So were looking at tech as if it doesnt work, nothing works right now the total confirmed cases are topping 64,000, the total death toll is nearly 1400. In the u. S. There are 15 confirmed cases with eight of them in california Many Companies are continuing to speak out about the impact the virus is having on their bottom lines. Today british drug Maker Astrazeneca reported quarterly results, warnings a hit
Reopened. But theyre forcing you to make u turns before you get to the area about a mile in each direction. And then it is every man and woman for themselves once you get off 95. If you dont know the area, youre going on these back roads, and i will tell you this, bob kelly, once you get on route 13, and the other roads, when you get off 95, people are trying to make up for lost time and doing like 80 on these local roads. And were seeing people walk in the shoulder. So be careful, you dont want to cause something even worse, just because youre frustrated because 95 is shutdown. Bob, you have the detour, we dont know, because were not up there talk willing, how long theyll be with this, but generally they do this work at least until 5 00 in my experience on the way in from Bridge Street when theyre doing these signs. Youre right on the money, steve, great job getting stuck in the mess, then be able to report from the mess. Here is a live look at the crane. Thats the problem. The crane
Is that the great bill helping the middle class . Absolutely not. Dagen the house will vote on the bill later today, likely sending it to the president side or derisive procedurals not that his force the second vote. The snag over in the senate. Following the passage in the Senate Current futures are showing this happening in the markets. Slight pullback in the dow up 37 points. We are seeing possibly new alltime highs for all your major market gauges. Either way, you have highs on the transports earlier in the week. Literally every Single Market in the u. S. Has been moving in sync on the optimism from the tax reform package. Check in on england, france and germany, all the slave markets down two tenths of a percent. Asia overnight stocks mostly lower as well. The nikkei in japan up ever so slightly. I suspect in america the terror Group Warning of the new years eve attack as new York Governor Andrew Cuomo announces heightened security measures for the holidays. Uber dull people in eu
The market is broken or bent. Give me a reason. That was intentional, wasnt it . Seema m owith the top stockso buy but first bob pisani. Last week you had your opportunity. And the markets have gotten considerably cheaper the multiple, forward multiple, price earnings multiple on the s p 500 has gone down considerably two weeks ago it was 18. 5. Thats historically high the 20year average is 16. At friday we were 16. 6, the lowest since the election. We crept up with the rally, 16. 9, but you get idea its getting cheaper now the big debate is with what weve seen here at the open today, are we at a tradeable low here can we anticipate the market wont have another big move to the downside weve had a big move down. Its the indices are way oversold so makes some sense you get it back. A little bounce. The correction is only six days old. Some people calling it a technical correction, not based on fundamentals. Others dramatically disagree with that idea look whats happened the dow has regai