melissa? i m melissa lee. let s take a look at the markets and how we re shaping up now ahead of the key fed decision. the dow hit an all-time high with the s&p just points away from its own as you see here hogging the flat line in that 2:00 decision dow is flat up by 6 1/2 points s&p down by two. take a look at rates this may be the headline of the markets here, the yield on the ten year sinking to the lowest level since november 10. as for equities, energy, the worst performing secotor as oil falls on bear supply data. chevron and exxon dragging on the dow. financials falling ahead of today s fed meeting. morgan stanley, bank of america and citi lagging today brian? thank you. we are going to get the latest on the virginia shooting in one minute even on a day like today we cannot forget our core mission on cnbc which is your money and the financial markets. do not forget the federal reserve will make an interest rate call in under one hour s time the expectation is anot
dow is down 28 points. s&p 500 down 11. that is nearly .5% doc, they re selling the teches again. banks are trying to get a bid post fed they look like they don t know which way they want to go. a lot of the teches got bids, too. you re right they were under pressure hard today. and that selling pressure, i expected it to continue for longer than maybe 15 minutes but it didn t. i mean when you look and we didn t get we couldn t break the 50 day in, for instance, amazon and you look at the other support levels for alphabet, even on the downgrade today or facebook these broke but then they held basically right there at some key technical levels and we saw v shape bottom on that nerld in other words, the money did come pouring into the names. the one that caught my eye is netflix for other reasons because filling a gap, i believe. i ll talk to josh about that boy, i was impressed about this i expected, judge, there to be more of a bloodbath based on what we saw in the prem
we re in upstate new york. i work in under served capital regions of the united states we need desperately more capital to support the entrepreneurs and the innovative ideas that are coming out of places that are outside of new york city, silicon valley and boston and we really appreciate the opportunity or i really appreciate the opportunity to have my voice heard today to talk about those things and just want to encourage the administration, anything that you do for venture capital will pay off huge dividends because we are the net new job creators in this country and have been for more than three decades. all net new job growth created in the united states is because of investment by venture capital. thank you great job you ve done. good morning, mr. president and mr. vice president my name is george matthew i m ceo of cespery we re an industrial drone manufacturer made in the united states i look forward to showing you how industrial work is more easily accomplished w
moments ago ahead of the g20 meeting in germany. he will meet with world leaders including the first face-to-face friday with russian president vladimir putin since president trump was elected. top administration officials feel optimistic the senate can pass obamacare reform when it returns to washington, d.c. next week. with more on the latest, take it to adam shapiro, adam? reporter: we talk about the health care reform, what we re talking about, emac, is the fact that the white house does believe they can get this through in the next couple of weeks before the august recess, but there are going to be town hall meetings, for instance, ted cruz is having one, and we ve already seen protests at some of these events as the different members of congress and the senate have gone home. people opposed to what is proposed by the republicans there. was the proposal last week to split this into different parts to do repeal and another day come back and do reform down the road. that
the gun to pass health care reform. with key votes expected to run into the wee hours of the night. we re following all of the action for you. full coverage and analysis from capitol hill what s happening right now. meanwhile, the white house and republican leaders just issuing a joint statement on tax reform. what s being proposed now and what s been taken out. e-commerce giant amazon reporting results any moment. big anticipation for this report. we re going to bring you the numbers right when they come out. david: back to the markets and dow, the only winner among the major averages today, closing at another brand-new record high. straight to nicole petallides on the floor of the nyse, you got to tell us what made it turn around, the market looked like the red territory, the dow did, and then it popped. why? reporter: a couple of notes out today. one from jpmorgan and one from goldman sachs. jpmorgan note sent caution about everything from low volatility, the unwinding