Company, about succession and more. Apparently that race is down now to two guys. Yeah. Well take a look at who they are and why they are potentially his successors. Lots of good questions there. Meantime, stocks are rallying on the first trading day of the month, and even though they are coming off the best month since october 2011. The big market story here is the nasdaq hitting 5,000. Remember, it was 15 years ago this month on march 10th 2000 to be exact when the nasdaq hit its peak. March 2009 when it hit its low. We Team Coverage for you. Melissa lee on why it is different this time around. Bertha coombs on what the fax 100 is telling us. Are first, dominik chew standing right next to me looking at the stocks that got us here. Dom, what are the names . I mean over the past year there have been stellar runups. Obviously, when were at 15year highs for the nasdaq a lot of companies have to contribute but its a market cap weighted index, and these are the stocks that have big market
The indices ahead of the feds. Dia is down. You have the qqq, the qs down. 5 . The spy that tracks the s p 500 and that is lower. The iwm that tracks the russell 2,000 and that is down. There is the tenyear note, the yield at 2. 02. Gold up at 11. 53 an ounce. The euro is down i guess the euro is up against the dollar at 1. 06 and west texas crude is down another 2 . Look at that 42 quote on west texas crude. Lets get right to our senior economics reporter Steve Liesman on a roof somewhere in washington. On the feds roof. And i want to spend a minute because certainly someone just tuned in and said why are people spending all this time on the wort patient and why does it matter . And the reason why it matters so much is it gives the fed flexibility to hike Interest Rates. That word meant they would not hike Interest Rates for two meetings. It comes out as expected and gives them flexibility and begins a debate that has to do with valuing stocks and bonds over how quickly the hike rates
And the greek finance minister says buyers are lining up to snap on assets in his country. Investors do see that theres only upside potential in the country. The economy has stabilized after a lengthy recession of about six years. So their bet, i will succeed. Youre watching worldwide exchange. Bringing you Business News from around the globe. Hi, everyone. Im seema moody. Coming up on todays show, hear why they believe alibaba missed an opportunity with its london, i po. And we go shopping to look to add to your portfolio. And Jeffrey Suleman is joining us for an exclusive interview. Find out what he thinks is next in the pipeline. Youre watching worldwide exchange. Bringing you Business News from around the globe. Welcome to the show. A lot on the agenda as we look ahead to the fed meeting on wednesday talking about the alibaba ipo. And we have a new member to the team to introduce. Very exciting. And that member knows a thing or two about m a. You have covered a lot of this action i
<p><span>FX HedgePool, the matching engine for mid-market execution of FX swaps, today launched its new monthly, mid-month, settlement date-based matching cycle that will anchor to the third Wednesday of each month, creating a more frequent cycle that aligns with the familiar quarterly IMM (International Monetary Market) maturity dates. The first transactions matched involved FX HedgePool’s newest member, a European Pension Administrator.</span></p>