Page 44 - Tapering News Today

Here is what i find interesting. throughout the week we had positive economic reports in terms of car sales, new home sales et cetera and the market sold off a bit because everybody feared of the tapering. we get the jobs report and the market is a lot higher, it goes basically the reverse of what you would think. here is what is happening, youre seeing long-term investors at the levels, just basically betting on the strength of the economy, people are sort of accepting the fact that the fed is ...

Overall economy? >> i think it absolutely is. i think it is the key economic problem of our time, the growing income gap and stagnant wages. our economy is made up of 70% consumer spending. if you have the majority of americans not getting raises, not feeling confident you cannot have a more robust recovery longer term. weve got to get unemployment down and wages up. >> youre talking to the smartest analysts in new york, what is their prediction going into 2014? what can we an tess pate? >> well...

Industry, and also housing and jobless claims as well. >> very encouraging. but stocks not necessarily all that -- down 25 points now, right? explain why investors are a bit nervous though there has been this positive economic growth number. >> reporter: absolutely. heres the thing. when you have a positive number like third quarter gdp or good numbers in housing the market looks tats differently because the fear is all about tapering. when you have positive economic reportsed idea is the fed mi...

I mean, i want to see some numbers that really make a lot of sense. problem is that a lot of peoples eyes here are going to be on janet yellin and her decision whether to taper or not taper. a lot of people have felt were going to push this to the spring in terms of her being involved in tapering. and i think when that happens, charles -- >> let me -- >> well see a sell-off. >> youre talking january -- janua janet yellin, youre thinking the rally goes until her first appearance and that she has ...

Seeing the snow. at times its coming down pretty good out there. even ohio they got 6 to 8 inches of snow. just north of us here, already 10 inches of snow. and more of it is on the way. this low is actually still creeping up to the north. so slowly making its way up to the north meaning only more problems will be out there. lets talk about what were expecting. even 2 to 4 inches of heavy rain is still possible. remember, its not just the rain or snow, either eat the visibility issues that come ...

Through the carolinas, were still talking about heavy rain and snow. and weve seen a pretty good amount of snow. on the front side, its rain. back side, the snow. yesterday already in ohio, anywhere from 6 to 8 inches of snow was already seen. we saw snow coming into pittsburgh. and remember, if even if its not snowing hard, the visibility is so poor. just trying to land in pittsburgh, i didnt even see the runways up the wheels touched. that will be a concern today. also well be talking about sn...

Snow is out here. weve seen a lot of it. take a look at the snow totals. in ohio, 6 to 8 inches of snow have already been seen. yes, just north of us, here in pennsylvania, weve seen 10 inches and more of it on its way. heres the low making its way up the coastline. remember, its coming from the south. a lot of rain packing a good punch out there. as far as rain, anywhere 2 to 4 inches can still be seen, especially if youre farther north, tapering off as the low makes its way north. the snow tot...

Cat in the hat balloon straight into a street lamp. debris fell down on the crowd below, critically injuring one spectator. its brought localized flooding in arizona, heavy snow in colorado and in new mexico. wind gusts of more than 50 miles per hour produced blinding conditions. parts of oklahoma receiving about a foot of snow and in arkansas, heavy rain caused this pileup on a bridge. >> the roads are really slick and ive seen a lot of accidents already. >> freezing rain making driving treache...

Have to pay to stash your cash. cnbcs mandy drury is here with whats moving your money. so theres this report that banks could start charging us if and when the fed pulls back on the stimulus. >> yeah, its kind of an interesting story here. and again, its just hypothetical, but heres whats happening, chris. major u.s. banks have warned that they could start charging companies and us, the consumer, for deposits if the fed cuts the interest it pays on bank reserves. its already pretty tough, right...

Between. over a foot of snow expected. its around the lakes and tapering off as you get back through kentucky and tennessee. why are people getting rain, why are people getting snow? go back to the basics. youre on the front side of the low, out of the south, cold winds from canada will bring the snow and wintry mix. lets take it day by day. this is so important to so many of you. look at the heavy rain starting to spill into the carolinas and virginia. still seeing snow into the northeast. that...