There is caution on rising Interest Rates. Heres Morgan Stanley senior economist allens at an are on the Interest Rate debate. Economist allens aetna on the recent Interest Rate debate. You run the risk of choking off an early economic expansion. The fed should delay a rate increase and raise rates more sharply. The u. S. May cut off more russian banks from the local financial system, because russia said they should ease support from separatist rebels in eastern ukraine. It was relatively calm in the conflict zone. Three soldiers were killed in the past day. Sales of the iphone and ipad blocked. Seven new Patent Infringement lawsuits against apple in federal court. And they are asking the ftc to block products including iphones. The company sued each other after talks for a new failed. And republican president ial hopefuls are making their case of a Political Action conference. Former Texas Governor rick perry and donald trump. The republicans have to toughen up. They have to toughen u
Will be the house or the senate that blinks first on the funding for the department of Homeland Security. Breaking on this final friday in february. Ben moshe had undergone treatment for lung cancer since 2010. In august of 2014, hes but with eddie lou about his cancer betty liu about his cancer diagnosis. The hardest thing is telling the nice, that my son and my daughter telling denise, that my son and my daughter. To say to them come unfortunately, there will be a timeframe here. Lets think about the things we can celebrate. To keep them from going into a dark price. They all drive minas. How are you feeling . Im feeling fine. Drive me nuts. Everybody says, how are you feeling . Im feeling great. Does it get irritating after a while . Very are getting. But somebody has an illness, how do you think they feel . What good is it for them to tell you, im in pain . What can we do to be doing exciting things. Its about thinking about your life and enjoying your life until you dont have a li
Year. The country unveiling its highly anticipated budget. The indian budget i never thought when i was a young fellow, that i would be talking about indias budget, but here i am. The indian stock market up 7 this year. Outperforming the s p 500 and the dow. Soaring 40 after just the past 12 months. The question is will india deliver . Sima and bob. Tracking the big india etf. You first. Tyler investors are calling it a make or break moment. Tomorrow we will get the answer as to how Prime Minister modi who was elected on the promise of reform is planning to tackle some of indias Biggest Challenges and thats a lack of infrastructure. A complicated tax system. Not to mention, corruption. Now, if i understand wra wants to become the next manufacturing hub of the world, analysts say the country needs to spend more on infrastructure by investing in coal and power. It also needs to enable the private sector to lead the next wave of growth. Investors will be also looking for an update on mone
And it doesnt look like well see nasdaq 5,000 today. Before all of this point talk the nasdaq 5,000 was the level we were really watching. Of course, we dont know what can happen in the final minutes but we are off 22 points on the session which puts us what do you say, about 35 points away from that key level. Again, the record closing high is about 5049. Not going to get there at the end of the february. That gives us a target for march. The same day, possibly, bob that we hit that level previously in 2000. Meanwhile, the biotechs have been a leaving driver of the march to nasdaq 5k. Up nearly 300 over the last five years. Some see a bubble in the sector. We will have a debate. And word came just a short while oak aboutago about the death of Robert Benmosche. We have about an hour to go. Lets get more on what has been a huge month for stocks. Joining our Closing Bell Exchange we have. Beth ann from s p and mike mcqueen of high tower. Of course, Rick Santelli always joining us. Mike,
New york stock exchange. Sending it to you in the studio. The president saying it is about the middle class and theyre is a long way to go. At least today the markets are celebrating not news about the anniversary, but at least rallying nonetheless. Adam the other big story, Larry Summers pulling his name from consideration to become the next chairman of the Federal Reserve. Im adam shapiro. Lori im lori rothman. The field for the new fed chief was down. The front runners to head the Federal Reserve. Adam tying nat to the firm where he works. Try telling that to the firm, Atomic Research group on why the firm is putting its money on janet yellen. Lori five years removed from the financial crisis. You heard the president. Five plus whether he agrees with the president s take and what needs to be done to avoid another economic crisis. Adam watching aig implode. We have exclusive details in an interview with the insurers former chairman and ceo. Lori lets get back down to the floor of the