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Topping the tape on a chinese tech name, and two left beats, the reason foot locker dropped 30 today. Im melissa lee live from studio b on the desk tonight. Tim seymour. Markets meantime, managing gains across the board as investors look to recoup yesterdays losses, though all three indices did close well off the days highs. Fed chair Jerome Powell reiterating that the central bank is not ready to cut rates just yet. Well get more on that in a few minutes. We start off with a last minute lifeline for new York Community bank corps. Shares were down as much as 42 today before the regional lender announced it had secured a billion dollar investment, led by the firm of stephen mnuchin. Shares managed to close a day higher, 7 1 2 . That is less than 25 cents higher. For the latest details, leslie picker who joins us on set. What a roller coaster day told. It was a fascinating turn ....
Mixed, kind of nothing actually. Isnt that funny. All minimal moves. Lets call it a complex more or less in europe flat at this point. 10year note yield, we had the big employment number on friday. Didnt really see that Much Movement though, did we . Its funny, i spent a lot of time talking about the bonds on friday on mad money, the old days what it would have been been like and it would have been selffulfilling and were we have a great economy so you know rates have to go up immediately. It did not occur and its a different pattern but weve seen for the past 30 years. Lets get to our road map this morning, well get back to the bond market in a bit breaking news in new york city, an explosion near the Port Authority bus terminal during the morning rush hour. There is one suspect now in custody. Plus, the bitcoin boom, the futures on their first day of trading, they are surgin ....