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Income we will be joined by mohammad al aryan and minor the Dow Jones Industrial average right now is off by 1 . A loss of 280. The s p down by three quarts of one ten year note yield it is up a slight amount right now. But it was as low as 1. 02. We are keeping an eye on all of that steve as we try to make sense of what happened today and the 50 basis point cut, the largest since 08. You say it was meant to be a surprised but you werent . I dont think if you were paying you should be surprised lets look at the ill at that of the tape friday, unscheduled announcement by the chairman where he said he would use all the available tools and the fed would act as appropriate. That was one yesterday, comments from perota, from la guardia are the ecb, comments from the imf and the world bank along the same lines. We learned about the g7 meeting. This is exactly what you would expect if you went back and look at how these things work ....
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