Page 45 - Tapering News Today

His innocence. now you to business. weekly unemployment data will be released later this morning and it could be a boost for wall street. all three indices in the red yesterday. seema mody joins us from cnbc. good morning. >> very good morning to you. >> whats going on? >> this is why saw a selloff were the fed meeting minutes. looks like they may be ready to move sooner rather than later when it comes to cut back on the massive bond buying program. that has helped to boost the stock market. m...

Fed pouring all this cheap money into the market, but if they ever do the right thing and turn those spigots off, the markets going to come crashing back down. >> how far down do you think it would come crashing, back to where we started the year at, 13,000? >> we will go a lot lower than that if the fed moves away the monetary props. the problem for the economy is what the fed is doing to goose the stock market and the housing market is actually hurting the real economy. its preventing it from ...

Circumstances. >> because corporate earnings are fantastic. >> its not doing it on its own. >> no, its doing it because we are exceptional printing money accommodative policy. this is not a normal economy, its not a normal market. its been artificially pumped. >> some conservatives say its a sugar high held by the fed, helping the richest americans, people who invest in stocks but it hasnt really resulted in a lot of jobs growth yet and janet yellen would like some jobs growth. >> do watch out f...

Respect, but if we are talking about tapering, if we are talking about forward guidance with interest rates, you know, shes been pretty transparent in the sense that her policies would look very much like what wall street has been used to the last four years. >> yeah. dana, briefly, if you can, is continuity in the federal reserve not a helpful thing at this precise moment, given the sluggish nature of the recovery? >> well, it certainly is not a helpful thing if youre rand paul and you want to ...

Crimes heinous. president obamas nominee for federal reserve chair was on the hill today. janet yellen told the senate banking committee that the economy has regained ground following the great recession, but that wall street still needs the fed support. >> do you have any estimate right now as to when there may be a beginning of the tapering? >> we have seen meaningful progress in the labor market, and what the committee is looking for is signs that we will have growth thats strong enough to ...

Miles per hour. will be felt by many of you. even this morning were seeing gusts as highs a30 miles per hour. 1 to 2. >>s of rain still possible. further down towards the southeast. tapering if you see an inch as you make our way into the northeast. really the strong winds especially in the morning hours. next story will be, will be the temperatures dropping as we go through the weekend. well be talking about temperatures with highs just into the 40s by the time we get through sunday. chris? >> ...

This sort of enthusiasm for it. so whats the feeling like and why? >> ill tell you one reason why. because too many people havent been invested in this rightly. weve had 24% to the up side on the s&p so far this year and theyre thinking im worried, i better own some of it or my investors will say why did i miss out. but as you say, the enthusiasm is tempered. for instance only 52.5% of companies reporting in this earnings season are actually beating expectations on revenue. on revenue itself, sa...

Percent. we go into the fourth quarter weaker than we wanted, and that is an important part of the year, holiday spending. number two, federal reserve tapering probably off the table for 2013. probably off the table for much of 2014. we take the brunt of this economic slowdown. >> i dont think the era is over. john boehner does not have a working majority without 30 or 40 of those hard-liners who are not challenged in their own district. i do think, though, theyve learned a lesson that they have...

>> i think moss likely its jobs not created. this wont be the demand. employers in america are only taking on new workers at the last possible moment. look at the last jobs report, the last fed minutes, and they over and over again in the fed minutes, that the recovery is not being job-led. workers are not seeking employment, and thats whats dangerous about this. on the other side, it almost certainly guarantees the fed will keep their foot firmly on the gas. probably the thought of withdrawing ...

Worried. the imf downgraded global economic growth. its only just returned to the eurozone, emerging markets are being clobbered at the threat of u.s. tapering by the fed. so whichever way you turn, the last thing anyone needs, including incidentally, the u.s. economy with its 1.8% growth in sequester is another shoe to fall in the form of this. >> and richard, you just spent a few days in washington talking to economic leaders around the world. when they look at the u.s., the system here, do th...