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Peninsula are reaching a fever pitch. ukraine says it is prepared to evacuate military personnel and their families from crimea, hours after russian supporters stormed the ukrainian navy s head quarters there in crimea and kidnapped the navy chief. ukraine says russian security forces were involved. the markets are hurting after janet yellen s first meeting as fed chief. the dow fell more than 100 points, the s & p 500 and the nasdaq finished lower as well. the slump came as yellen announced the fed stimulus program would likely end this fall and interest rate does rise as early as 2015. the trial of the olympic star, oscar pistorius has taken a graphic turn. prosecutors and police debated the bloody details of the night the man nicknamed the blade runner shot and killed his girlfriend. as pistorius covered his face and put his fingers in his ears. the industrial adjourned until next week when pistorius may take the stand. ....
They kept artificially low fuelling the rebound of real estate prices for instance they helped fuel the slow recovery. i think the market is saying the fed believes this economy to be stronger than we do. but we don t believe you that if you take away the stimulus this economy won t be able to stand on its own two feet. until we see otherwise we are going to be concerned that this low trajectory economy can be at risk of dangerous down draft. we knew it would impact sometime that the fed would have to dial back on the bond buying spree 85 billion a month taking the foot off the it was pedal. the food news these can lead to buying opportunities. may be something of a rebound today. dow futures are up. doug luzader live in washington, thank you. it is the first day of summer ....
Addict. he s talking about cutting back on the fed stimulus program which basically has been pumping money into the economy to keep interest rates low. that s helped prices for a lot of things, real estate, stocks included. we re now on round three of what i call, you know, pumping money into the economy. they call it quantitative easing. with their noses in the air. each of the new rounds has caused stocks to move higher. starting later this year, the fed will take the drugs away and may cut the addicts off entirely next year. ben white, chief economic correspondent for politico. ben, thank you. so people he comes out and says things are getting better. and the stock market tanks. you say what s wrong with these crazy people on wall street? americans say 44% of americans say they re worse off ....
generally speaking, financial conditions are improving. that s right, they re improving. why is that bad news? because today, for the first time, ben bernanke, the federal reserve chairman, talked about taking the drug away from the addict. he s talking about cutting back on the fed stimulus program which basically has been pumping money into the economy to keep interest rates low. that s helped prices for a lot of things, real estate, stocks included. we re now on round three of what i call, you know, pumping money into the economy. they call it quantitative easing. with their noses in the air. each of the new rounds has caused stocks to move higher. starting later this year, the fed will take the drugs away and may cut the addicts off entirely next year. ben white, chief economic correspondent for politico. ....
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