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Cutting the number of rate hikes it expects this year in half. What that means for the markets. Shares of fedex are up on earnings and company taking a shot at amazon on its call yesterday. Plus jim cramer spoke to target ceo about competing with amazon. How hes positioning his company against jeff bezos. First up something that would have been nun thinkable. Dow and s p down 1 for the year after the fed reduced the number of rate hikes it expect this year from four to two. Futures moving lower. Caterpillar issues First Quarter estimates in the wake of lower Commodity Prices even though they stayed firm on their guidance for the year, jim. Yeah. I found that two surprising things was one how deep the cut was First Quarter. And two, how they believe that somehow things are going to get better quickly. I think that caterpillar is in a nutshell what fed did. Look these are Great American companies. Not doing well at all. That has to do a lot with oil and gas and mining. Not just all inter

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