Nasdaq up 151 points and looking to open about 31 points higher it has been a wild ride for investors all week the dow and s p are down over 2 the last three trading sessions the s p on pace for its worst twoweek performance the nasdaq has been a big mover. A lot to chew on after a tough week true, andrew. Tough in that it had been up so much we sort of glossed over september 11 19 years when you say it, dont you say, oh, my god, september 11 for you, it is about half your life for me, about a third of my life it went really quickly 19 years i remember so well mark hanes and Everything Else that happened. Year after year, constantly on september 11, it is amazing how quickly time goes. Since last year, weve seen our share of tragedy as well up until this pandemic, well see how history looks at all of this i would argue that 9 11 was the most consequential thing that happened in the past 50 years, maybe 100 years with security and how we live. You can define the world in many ways by th
After a poor first half due to poor weather and a weak yen. Fingers crossed, everybody, that today will be the end when we have to the end of time when we can stop talking about taper. Set taper gossip giving away to cold, hard facts when the feds twoday meeting concludes. The fass dak being up at a 15year peak on tuesday, u. S. Treasuries up for the fifth day in a row and the nikkei up on an eightweek high. Investors appeared calm by the prospects of a modest scale back of stimulus. But what if recent data turns paper light into paper zero . Get a look at some of the estimates for more. Cnbc. Com. Right now for more we have our own inhouse expert here in london. Karen has all the details. These are the estimates to how much the fed will taper. We have got first up let me run you through the numbers. Warptants expect 14. 5 billion to be taken off the table, up absolutely from the Previous Survey which averaged just over 12 billion. The poll of Top Economists said reduction, which is ex
welcome to the show. the headlines today, which is a wednesday, here in asia, a japanese cabinet member says the finance minister can stay on as japan s finance minister. in europe, the euro dips as one ecb members says that the eu will not bail out greece. and in the u.s., it s jobs, jobs, jobs. today s adp numbers could provide a good ibdcation of how friday s nonfarm payrolls will shape up. and welcome to worldwide exchange. i m christine tan here in singapore where it s 5:00 p.m. in the city. let s get a quick view of where asian markets are trading or have closed for the session today. overall, we re getting modest gains across the board. a lot of people questioning that. but the foech seems to be on currencies in this particular part of the world where a china government think tank says they re calling for a 1% reevaluation of the currency. so that seems to be driving a lot of these asian currencies higher. the kop kospi up 0.8%. the bombay single sex down and