Session lows. The hunt for yield, the hunt for safety is alive and well. We have utilities seeing a bid today. Higher by. 6 . Of course, the big, big move today happening in the gold markets as well as the bond markets. Guy is with us for the next two hours. So what are your thoughts right now . Unbelievable. This is fascinating. I think this is historic stuff. Its not the time this is the time to sit back and evaluate what is going on. Were at the s p 500 off the all time high. We were here last week. What should you be doing today . You should be gathering questions for the weekend. What are the questions you should ask . Why are Interest Rates in germany negative . Why are ten year yields in the United States 1. 5 . What does brexit mean for global economies . Those are the questions you should be writing, emailing them to your adviceor. If he or she cannot answer the question, you have the wrong advis adviser. You dont have to do anything in terms of market participation, but you n
27 states and one in particular, the uks David Cameron final remarks including from Angela Merkel that its important to only begin talks once meanwhile, president hollande Martin Schultz summed things up. I think we should not wait until the conservative property. But i understood they want to move forward to september, and i underunderstood the conclusions yesterday in berlin, september could be a trigger. Reporter so all 28 leaders are in a working session at the moments. We heard there from martin schulz, they dont expect negotiations until a new Prime Minister is in place. The working session goes on for about three hours, then a working dinner. I suppose the only remaining issue there is how many bitter ingredients are used by european chefs. Before you go, will, the remarkable speech by nigel farage, thats unbelievable. How much did it antagonize the people in the audience . And what is that doing to the conversation happening right now . Reporter absolutely right. That speech is
Capitalal has changed its business and cites among other things ge capitals exit of the u. S. And consumer businesses and transformation of its funding model. You might recall during the financial crisis ges finance arm almost took the company down and since that time, it has certainly changed that this or i should say last year undertaking an aggressive plan to reduce ge capital selling over half of its assets and, indeed, since that time, it sold about 166 billion or signed 166 billion worth of deal. Now keep in mind, ge is one of four nonbank companies that have been given this systemically important financial rating. Others include aig, met life and prudential and met life is involvedn a legal battle with the fed having, of course, received a favorable ruling earlier this year by a judge who said tFederal Reserve or the government could not designate it as that. That means these companies are subject to Federal Reserve reover sight and enhanced capital rerooirmts. The fsoc voted to
Lets get straight to the top story. Fed chair janet yel hn the floor yesterday, and she made it clear she isnt on the same page as her hawkish colleagues. Shes moving ahead carefully with the Central Banks decision on future rate hikes. In particular, developments abroad imply that meeting our objectives for employment and inflation will likely require a somewhat lower path to the federal funds rate than was anticipated in december. Given the risk to the outlook, i consider it appropriate for the committee to proceed cautiously in adjusting policy. Her dovish tone lifdhe dow and the s p, both indices posting their highest closing levels of the year. The s p is now up half a percent for 2016 as a whole and has fully recovered after seeing its worst january since 2009. Lets have a look at futures at this hour. Were expecting that positivity postyellen to continue. The dow called higher by 93 points. The s p by 11. The nasdaq by around about 25 points. Lets also have a look at the bond ma
Talked about a huge hailed for microsoft. It is dismayingly humor us. Lockheed as liftoff. We have the details on the new air shipments. And well show you what they look like. Its very, very cool stuff. After the bell, a rare and exclusive interview s. Erin callan, this is her first time speaking out about lehman since the financial crisis. Shes out with a memoir about what she calling leaning in too far, and shell join us live to discuss the new book and life after lehman. I would be interested to hear her thoughts on wall street today, and the impact that regulations are having on it right now. Maybe the tech world, too, where a lot of this discussion is taking place. Lets start with the markets and spikes in insurance and financial stocks. Bob pisani tracking the action here. Bob . Hello, william. Dont normal get insurance stocks leading the market, but were getting it today, and metlife up nearly 5 . A u. S. District court in washington ruled that metlife was not eligible for a sys