government crisis. let s get a check of how u.s. markets are trading thanks to with julie hyman. we are getting in my skin interest rate decision this hour. julie: it seems the central bank of mexico has raised rates in mexico by 25 basis points. that is at least something of a surprise. 19 out of the 32 economists in our survey were expecting the bank to remain at 6.5%. instead, we got that 25 basis point increase in rates care. we are looking at how the peso has done since the u.s. election. it looks like it might be extending losses in today s session. why don t we call it up on the bloomberg, and take a look at what is happening at this moment. look at my bloomberg here. we are seeing a little bit of a leg lower in the u.s. dollar versus the peso. that is how it is priced here. we already had been seen a down fort of a come the u.s. dollar as the u.s. government gave formal notice of a renegotiation of nafta, which will occur, present become over the next couple of mont
stephanie ruhle is at the robin hood investors conference and she has some big interviews coming up but first we have some breaking news, existing home sales for the month of september are just out. this was a very disappointing report last month. michael mckee is in the newsroom. i will give you some good news, existing home sales come in better than forecast. we thought we would get a 1% gain, instead we get a 2.4% game. over the last 30 or 40 years, the average has been about 5,280,000. we are not significantly below that level. a significant rise in single-family homes up 2%. this was still driven by the move into apartments. the other thing we want to point out is that the inventory of homes for sale drops, 5.3 months. that is only about 6.8 months. not a lothat there s of inventory out there and that means prices are probably going to go higher. michael mckee with the word on existing home sales. the robin hood investor conference in midtown manhattan is whe
know, he s weighed in on anything that finally we re going to get some clarification. the big mover today is delivering alpha. it is. it is. a lot of people promise to seek alpha. very few deliver. this is the humphrey hawkins, maybe his last one, among the house financial services committee on monetary policy begins at 10:00 eastern. but his prepared remarks will be made in time for us to look at them at 8:30 eastern and investors obviously are going to be hanging on every word, if he adds and if, if he takes out an adjective, you never know about the future of the fed s bond buying program, which we tried to say that we were going to good news as good news and i m not convinced we re there yet. every time you think something i m not there yet either. it is still the addicts are still it is the accommodative punch bowl that i do think the biggest shock may be out of the system. can t confuse people again that fed tapering may be coming. may be the biggest s
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