U. S. Session. We see a little bit of a bounceback. Stocks were changed and they bounce to gains and losses as investors head into centralbank action later in the week. They may be watching capitol hill and the u. N. But they will also pay a lot of attention to the central banks. We see them all up in the neighborhood of. 1 . The 10 year yield pulling back slightly today. 1. 68 is where it stands. If you look at the rate hike expectations for september, we have trended lower over the course of the year. They are standing right around 30 , a little shy of that. We also have a split among primary dealers with the Federal Reserve, unusual. Two of the dealers calling for a rate increase at the meeting and the remainder saying there will not be an increase. Going into the meeting, even though the rate hike odds are still debate about what the Federal Reserve will do tomorrow. Onwe are preparing to hear capitol hill, i wanted to look on wells fargo and see how the shares are doing. They are
Accounts scandal. It is outrageous that eight years a cowboy culture on wall street wrecked our economy we are still seeing powerful bankers playing fast and loose with the law. We will have more on clintons speech coming up and then after the bell a first on cnbc interview with illinois treasurer who announced his state isstanding 30 billion of investment activity with wells for at least a year. On top of what california did last week. Some on wall street have said that republican nominee donald trump would not be good for the market. We have one wall street economist who says trump is right on target when it comes to who is responsible for potential market bubble. Look out ebay because facebook is unveil agnew feature called market place which could spell trouble for other Ecommerce Companies like craigslist. Stock market looking like it is moving from defense to offense. Who better to do that than the baseball official himself. In that analogy i think the offense the sections have b
It werent for apple. What happened . Where did the boring days go to . I think they went the way september always seems to play out. Ninth month in the year statistically worst month of the 12. Always seems to play the role of the wakeup call. People come back from summer, particularly in an election year, survey the land skate and recognize there is more risk than they thought. Sure, averages are up more year to date. Nasdaq with a new high just last sense of gloom out there. One that was echoed today at cnbcs delivery alpha conference. A major investor where big money speaks his mind and that mind was definitively, and i can say this without question, negative. In some ways i cant disagree. Though i do not, on the record, do not share the depth of despair of so much of the speakers i heard today. Causes gyrations that are magnified by a month that so often ends the complacency of a summer rally. If only because the pain is back, the most people feel like the pain is just not worth th
Policymakersold that you can follow me on twitter. Dont forget to include trendingbusiness. I divided Federal Reserve unshaved, but signaling a rate likely before the end of the year. Straighte feds sixth hold in the biggest sign yet. Three out of 12 or four a quarter present policy increase. Janet yellen downplayed the differences in opinions. We are trying to understand some difficult issues. There is less disagreement among participants in the committees then you might think of to speeches and commentary. A nice rally shaping up, chinese and hong kong underway in 30 minutes. Singapore, taiwan, and malaysia coming online. Lets have a look at how things are shaping up this morning. Sherri positive sentiment filtering through the markets. Stocks, excluding japan, rowling for six consecutive sessions. Given how surprising Global Equities have surged after the fed delayed rate hikes. The kospi up more than 1 . The sx gaining. 8 for a third consecutive session. Despiteand gaining. 5 the f
[ bull bellowing ] or it pulls up lame. The s p climbing 1. 64 , nasdaq falling 1. 85 . Wow. Whats been driving the run . Simple. Oil. Or more exactly the fading fears that declining oil would cause a credit crunch that could seize up the worlds banks. And send the Global Economy back into recession. Will the strength continue . One way to find out. Lets go to the game plan. As an old ink stained newspaper person who covered homicide i dont want to bury the lead. The fed speaks wednesday. Im concerned that with oil coming back so hard the fed has lost the principal reason. Fed is afraid of wages coming back and even as its stagnant the oil rally is in fair face. It might make for a nasty statement although i dont expect an actual rate hike. I wonder if we arent too bullish about the run in oil. I will have more on that later in the show. We should never forget we want equilibrium where the Oil Companies arent wiped out, taking the lenders with them, but the consumer is saving money all