Yellen on the u. S. Economy, set to testify today. Well bring you both prepared remarks and q a live. Home detail shares are higher premarket following solid Quarterly Earnings but macys volatile this morning on what are mixed results. Jpmorgan shares higher. The bank outlining new measures to streamline businesses and cut some costs. The nasdaqness aiming for a tenth straight day of gains after closing at a fresh 15year high. On capitol hill in an hour fed chair yellen begins two days of testimony on the economy. The watch is on for hints as to when the fed might raise Interest Rates. Shell face the Republicanled Senate Banking Committee, whose chairman is a fed critic. Live coverage of yellens testimony and the q a session with lawmakers. A lot of tea leaf reading this morning about whether or not the fed is simply trying to tap dance here play for some time let wages come back let greece play out and so forth. I think thats right. Its funny, the most visible thing that they could lo
Three young millennials. Do we really know what the heck the fed really did yesterday . I ask this because gold dropped 40 bucks today and the question is whether bernanke was really that dovish or is this the beginning of a longterm exit strategy tightening policy . Oh, and how about some real monetary rules for a change . All these stories and much more coming up on the kudlow report. Beginning right now. Good evening, everyone. Im larry kudlow. This is the kudlow report. We are here live at 7 00 p. M. Eastern, 4 00 p. M. Pacific. The verdict is in on the obama economy. According to the latest polling, the majority of americans, 59 say, they personally feel the economy has finally begun to recover. But here is the kicker. There may be improvement, but no thanks to the president. 55 disapprove of obamas job on the economy. And the president s overall disapproval has climbed to an alltime high of 54 . Now, these amazingly bad polls make it clear the economy has proved to be no Silver B
And the fed effect, what happens to the hous pro is over. We have all that and more tonight on nightly Business Report for wednesday, october 29th. Good evening, everyone, tyler is off tonight. They say all good things must come to an end, and today the Federal Reserve announced the end of its latest bond buying Stimulus Program known as qe3, the decision ends a sixyear stretch where the central bank expanded its holdings of Mortgage Securities to an unprecedented 4. 5 trillion. In a statement, the policymakers gave an upbeat report on the economy and job market. The u. S. Dollar sparked higher on the news, bond prices dipped as yields moved up, gold prices fell a bit and cautious investments kept the market in negative territory. The dow lost, and the s p was off about three points, the yield on the benchmark tenyear note hit a threeweek high today before easing back and closing at 2. 3 . Hampton pierson has more on the feds decision. Reporter just a few hours after janet yellin arriv
And the fed effect, what happens to the hous pro is over. We have all that and more tonight on nightly Business Report for wednesday, october 29th. Good evening, everyone, tyler is off tonight. They say all good things must come to an end, and today the Federal Reserve announced the end of its latest bond buying Stimulus Program known as qe3, the decision ends a sixyear stretch where the central bank expanded its holdings of Mortgage Securities to an unprecedented 4. 5 trillion. In a statement, the policymakers gave an upbeat report on the economy and job market. The u. S. Dollar sparked higher on the news, bond prices dipped as yields moved up, gold prices fell a bit and cautious investments kept the market in negative territory. The dow lost, and the s p was off about three points, the yield on the benchmark tenyear note hit a threeweek high today before easing back and closing at 2. 3 . Hampton pierson has more on the feds decision. Reporter just a few hours after janet yellin arriv
And the fed effect, what happens to the hous pro is over. We have all that and more tonight on nightly Business Report for wednesday, october 29th. Good evening, everyone, tyler is off tonight. They say all good things must come to an end, and today the Federal Reserve announced the end of its latest bond buying Stimulus Program known as qe3, the decision ends a sixyear stretch where the central bank expanded its holdings of Mortgage Securities to an unprecedented 4. 5 trillion. In a statement, the policymakers gave an upbeat report on the economy and job market. The u. S. Dollar sparked higher on the news, bond prices dipped as yields moved up, gold prices fell a bit and cautious investments kept the market in negative territory. The dow lost, and the s p was off about three points, the yield on the benchmark tenyear note hit a threeweek high today before easing back and closing at 2. 3 . Hampton pierson has more on the feds decision. Reporter just a few hours after janet yellin arriv