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Larry fink talking about the fed and the markets yesterday. The Federal Reserve is actually causing more disorientation in the marketplace, because theyre purchasing more than is being created by the treasury. And so i think they should get it over with, move on. I dont think it will be disruptive to the marketplace. Since they started talking about tapering, rates are down 75 basis points. That tells me they have not been aggressive enough. Thats very interesting. Beyond the minutes well be speaking to the fed, well be hear something other things this afternoon as joe mention. We do have new york fed president bill dudley. Thats coming up at 10 00 eastern time. Later this morning, janet yellen will deliver the ny kruu commencement address at yankee stadium. Stanley fischers nomination to be vice chairman of the fed has cleared a key procedural hurdle. Fischer is widely expected to win confirmation. Andrew. News this morning abou ....
And one big unknown risk. A big foreclosure auction is under way down in atlanta. Buyers putting money down for homes that most wont see before they buy. Well take you along for the ride, as those buyers see what they actually bought. First lets check in with sue on this rally day at the nyse. They know what theyre buying down here today and its stocks. Lets get the trading action right now. The Dow Jones Industrial average up about 116 points on the trading session and bob joins me on the floor of the new york stock exchange. A reprieve finally for the bulls. This is the first day it seems like the adults are kind of back. The volumes a little stronger, the trading actions a little more interesting. Put up the dow, its not like the range is necessarily bigger. We have been a very narrow trading range since the beginning of the year, about 140 points on the dow from top to bottom, but theres more activity around. I thought t ....
Why the government, not the banks, are doing more harm than good. Stocks finally in the green after a tough start to the new year. Lets check in with Nicole Petallides. What is driving the market . Nicole all the major averages down a percent or more from yesterdays close. Gaining back a lot of that, up 11 116point somewhat of a reversal. The other thing talking and reading a note he sends out, sometimes you see the market slow down a little bit, but that is not the case today. A different type of market and the people waiting for little bit of bottom fishing may be disappointed. The nasdaq up and the s p gaining half of 1 . One winner on the dowel all time high, United Health care. It was raised over at Deutsche Bank. That is good news for them, the Top Performing ....
Should the Government Institute total controls . What are the dangers of a wellintentioned Price Control Program once it becomes entrenched . Controls are to a politician like catnip to a cat. The politicians, in the end have very great difficulty resisting. Economic efficiency what price, controls . With the help of economic analyst richard gill, well examine that question on economics usa. Im David Schoumacher. [loudspeaker] we got bargains over here we have bargains over here come on, girls. Dont be shy. Check it out. Come on. Pick em out. They all are cashmere. Everyone enjoys the ritual and the give and take in a market like this one. It is a demonstration in its purest form of the freemarket Pricing System. Consumers take the lead in this comme ....
Because not pushing back never works. And pushing back sometimes does. For example, it seems to have worked tonight to stop the Trump Administration from stealing your mailbox. From literally snatching your local mailbox off that corner in your neighborhood where it has been forever. You may have seen some of these pictures this week of trucks going around, flatbed trucks with a whole bunch of our mailboxes piled up in the back as workers unbolt them from the sidewalk, remove them, put them in a truck and drive them away. Theyve been going around unbolting these things and taking them. But apparently as of tonight they are going to stop doing that, at least for now, at least until after the election. Because of the pushback theyve had against it. And this is important as a matter of principle and i think in terms of understanding where were at as americans. Its also like a substantively interesting and important part of this ....