It is 6 00 in london. It is monday morning. Lets get to the top stories. The crisis in the ukraine is at the top of the agenda for president obama and the leaders of the other g7 countries. Is on the first of his sixday trip through europe and the middle east. He has already arrived and gave an interview to a dutch paper. He repeated his argument and his strategy that there will be incremental sanctions for the russians if they do not return to the International World order. This is the challenge for the summit. They want to make sure that obamas ambition and the scope of the sanctions are in line. The impact would be different. Obama is aware that he needs to bring everybody together. There will be a g7 summits and they will have a single voice coming from both United States, canada, the g7 countries, and the European Union. We saw Prime Minister harper in kiev. Expect that we cannot the russian status quo in crimea. We heard bellicose language and bellicose warnings from a u. S. Gene
Technical traders. The s p 500 closed last at 17 82. The next important line of support is 1775. If the market ends below that level, the market could continue a rough tumble. What worries the market is the 2 day Federal Reserve meeting getting underway toda and apples earnings outlook was weaker than predicted. Its an extra busy day for the bond market, Glenn Schultz of Performance Trust joins us now and will the bonds be stressing over the fed meeting that gets under way today . And then the president speaks tonight . In terms of the bond market and the quantitative using program of the Federal Reserves,my expectation is that the Federal Reserve will continue on their Quantitative Easing Program and theyre going to continue on the type tapering of that program. So we are likely going to see another 10 billion reduction in the large scale Assets Purchase Program which is gonna put the Federal Reserve on track to end the large scale Assets Purchase Program sometime in the Second Quarte
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