The two year yield at 4. 97 on the day, essentially flat. The long end of the curve is where you see the real movement. These are the highest levels since 2011. The 10 year yield at 4. 30, up about five basis points. The highest level since 2007. We will talk more about the bond market with liz mccormick. If you take a look at what is happening in the yield story, explain the movement at the long end of the curve. Liz that has been the important thing among others this week because it just seems like the long end cannot get any good news to bring the rates down because you have the trifecta that the fed is the base for everything. Inflation could be sticky. You have what we heard earlier this month, the deficit is so bad. In the minutes yesterday besides sounding generally hawkish, the minutes reiterated what powell said during his press conference. Quantitative tightening, the rolling off of bonds from the Balance Sheet could keep happening even if they start cutting. That is another
To make a difference. Well speak to Indiana Attorney general in the room with the president. Plus super bowl of conservative politics of the annual conservative action political conference better known as cpac. It es underway. President trump will speak to the Conference Tomorrow morning amid a Heated National Debate how best to keep our kids safe in schools. What to expect from the president s speech. Cheryl back to these markets. Another roller coaster ride. There is more green than red when it comes to the dow 30. The dow closing up 163 points and change. 24,961. Interest rate fierce faded somewhat. Gerri willis on floor of new york stock exchange. Finance and Health Caring drag down s p and nasdaq but the dow looking pretty good today, gerri. We saw the dow doing pretty well indeed. Let me tell you why. The that 10year treasury yield hanging steady below the 4year high. 2. 92. People see it as signal of lower inflation. Possibility of fewer rate increases rather than more. Let me t
Dow, it lost another 56 se7 pois this morning and rebounding like crazy in the afternoon. Same method it fell at the opening. S p falling. Nasdaq surging 3. 7 . How much can you trust this bounce get this, a report from snapple on top of last nights rocket fuel which was a perfect report from semiconductor sky work solution look, i think we cleaned out the bear den when we opened down that fabled 567 dow points i think we wiped out the weakhanded investors. We dealt with mechanical issues that exacerbated the decline even as the tape suddenly got a lot more bullish as we told members, the actual owners plus. Com club, you cant chase a flying market. And right now we have a flying market you need to understand where we are. What caused us to get hammered in the first place unfortunately many of these issues remain relevant even after todays rally. First yield sword thanks to fry fridays unemployment report investors become risk averse as they creep higher, treasuries represent a better
Off if muslims are the president says were making progress against isis much the director of the cia says not so. How can this be . And disney, and an alligator chased the child in the property last year and employees warnings were ignored. Bad pr. Its friday, the news flows thick and fast. Varney company is about to begin. Breaking news from the political world. Reports that marco rubio will indeed run for the senate again in florida. Thats according to congressman david jolly. Kind of let the cat out of the bag this morning. Rubio is back in the senate race. Okay, got there. Now, stocks, lets get to the market. Theyre going to open slightly lower today. They snapped a five day losing streak. Listen to this, mid morning thursday, news of the shooting of a british politician who favored staying in the European Union. That affected the markets here. The dow recovered from a 160 point plunge. Come on in, ashley. How does the shooting affect next weeks vote . Theres a belief perhaps the r
Street, all time record intraday highs in the Dow Jones Industrial average. And fiesta be traded 1704. And since the year 2,000, and jobless claims came in at least for now. And exxon after the quarterly reports and procter and gamble fell 48 that they did expect 2014 earnings to share 5 and the Company Needs to get strong grip, here is a quick peek at exxon down 1. 8 as operating costs on the rise and production similar. Lori crude oil up big, more than 2 , phil flynn of price future is in the trading pits of the cme and all this Economic Data pushing crude to 01 week high. It is unbelievable. If you look at oil knocking on the door of 108 a barrel w. T. I a few minutes ago, absolutely incredible and all of a sudden good news is good news for oil. If you look at the manufacturing data it was explosive in the u. S. And around the globe. We will be using more oil not only to produce goods but moved it around the globe. Very bullish for oil and the fed yesterday gave the green light, cap