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Slightly lower. S p 500, nasdaq higher on earnings. Lori rothman with me from the floor of new york stock exchange. Lori . Deirdre all right we got the gross domestic product. Not all that exciting but the fed looks at these things. 2. 4 expansion pace is already, certainly not terrible but likely for the fed to stay on course and raise rates in september. Why we saw stocks flipflopping. The gains and losses. A mixed picture with the dow off five points. Nasdaq up 17. Call the broad market average flat. After the bell it has been all about earnings. We had better than expected reports from social Media Companies like links inn, expedia, travel website, Electronic Arts the gaming company. Linkedin is a dramatic story here. After the bell when the report was released it was better than expected top and bottom line report. All of their products were going gangbusters. We saw s ....
Geopolitical events, and i wanted to hear a bit more about the impact of politics here in the United States. This is an election year. What effect, what impact that will have on the economy . Because there was quite a lot of economics in the presentation. I understood most of it but, i mean, part of it not most of it. Im not an economist. But i wanted to understand the impact of the politics on the economy. So im now in my fifth year. Im one day, frankly, into my fifth day at the fed. So this will be my third election cycle and i can say that politics plays absolutely no role whatsoever in our deliberations or in our decision. So we you know, the focus inside the fed is very much not partisan politics or elections. Its very much economic fundamentals, so it can be very jarring to emerge from the fed and talk to people who think of politics think of economics in political terms, which i referred to earlier. Honestly, it has no effec ....
For the dow in three months. We have to stay tuned. Seems like gas heading below 30 for the country, air strikes bumping the price back up. The latest on u. S. Military action against isis and al qaeda and hear from a pro if gas prices shoot up like a rocket after falling like a feather. Although ill say, you know, price of oil is up sos the price of gold and not a whole lot. Oh, look at that. Looking at vitd owe to talk about. When is a plus a minus . Well, some would say talking about the iphone 6 plus. There have been those complaints that it is simply too big. But follow me on this. If it is, why does apple stock keep going to the plus side . Were going to have the pluses and minuses of the iphone 6 plus. And i know youre nonplussed about all that, arent you . Listen. We saw the device on friday. I felt it was little bit difficult to whatever. Well see how it goes. It is large. Its about more than just how many apple sells on the first weekend. It is about how to continue to domina ....