Those gains. Tesla is trading above 1000 a share for the first time. I want to point out the dollar in yields. The dollar has been a proxy for Risk Appetite and Risk Appetite is higher when it is weaker. The fact that the dollar is weaker again signals are not entirely risk off day but you have yields moving lower by about four basis points ahead of the fit decision. Are sensitive to whatever the fed says or does. Yields were moving up yesterday. Seems to have come off a little bit today. Kailey you are seeing yields move lower and the curve flatten out a bit after the dramatic steepening we had seen. The bond market will be hanging on any word the fed may say about possible curve control from economists we talked to on Bloomberg Television. It does not seem like they are expecting a lot on that yield curve control, but that is definitely a market waiting and watching to see if we will get anything there. David thank you so very much. That is kailey leinz reporting on the markets. Toda
Trying to encroach into the market because they are apparently going to put out a generic and so they are trying to keep the market to themselves. They have their own at the pen epipen. Could you try to answer that s ugly as possible, how did we get here . Rex for most drugs once they lose their patent protection and mostey can have generics, rugs to get generics. But some drugs do not. Either they have large market, they have patents that say in pen has patents to go through 2025. Be aher cases, it might small market talking about for other patients in new mexico seeing price rises or a Single Source drug. Only one Company Sells it. And so in all these cases they do not have competition. In the u. S. , that is what keeps prices down is competition. There is some reason that competitors have not enter the market and broad prices down. Quick to have approved for these , why isnt someone stepping up and saying there is a lot of money to be made here, who do point to to say what is causin
Oil is nearly unchanged. We begin with janet general on the hymn, day one of congressional testimony. The market awaits any change in Interest Rate policy. Disney and time warner both report earnings but fail to catch a bid. Yes, earnings were beat. Most stocks sharply lower. Well fill you in. Trumpsanders taking the state t. Race moves on to South Carolina and nevada. But first up, were less than an hour away from generals spy annual testimony on the economy and Monetary Policy. This morning, shell appear before the House Financial Services committee. Tomorrow, of course, the Senate Banking committee. In her prepared remarks, she says financial conditions have recently become less supportive of growth and a lower path of fed funds rate would be appropriate if the economy were to disappoint. But she adds, she still sees moderate growth ahead 245 would allow the fed to pursue gradual rate increases. We will bring you live coverage at 10 00 a. M. Eastern. She talks about slack in the lab
There is only one game in town over the next 48 hours. The federal Market Open Committee meeting. Will we have the end of q. E. 3 and how will they signal an increase in Interest Rates whenever that is going to be. Transition from q. E. Ends until the beginning of Interest Rate increases. Lets look at whats happening for euro. Rising for the third day against the dollar. Interest rate expectations are being pushed back in the United States. That benefits the euro. It is up for a third consecutive day against the dollar. It is up by. 10 today. 127. 14. Inally these are the stocks 1. 2714. These are the stocks were watching. It is a busy day for earnings. Earnings beat estimates. Profit missed estimates mainly ecause of legal costs. Lloyds. 9,000 jobs cut. That means various branches will be cut as well. Profit rose. That was a beat but investors obviously choosing to focus on the closedown of the branches and the slashing of jobs as well. U. B. S. Higher. B. P. Higher and european marke
The Federal Reserve held firm on its current interest rate levels after its latest meeting, but inflation numbers are leading to talk of potential action in third and fourth quarters.