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Increase. Stocks are holding up well in the face of that interpretation. We have seen them gyrate in the wake of the state. The dow remains the best performer of the major averages. The nasdaq remains in the red because earnings are very much a part of the equation today. The s p 500 over the last hour or so. You see some gyrations here. Immediately after we got statements, stocks came back down again and are now back up again. All over the map. I want to look at other assets and see how they have reacted. The u. S. Dollar is little changed. It is not necessarily what you would expect, and if you are expecting the fed to raise rates for the dollar, to not do much of anything. Overall, not much is changed. As for the rates market, lets take a look at the tenure for the treasury market. We see a little more of a dramatic reaction. It goes against the hawkish interpretation where we see the 10 year yield dropping off and now 1. 86 . In context, we had seen the yield going higher for sever ....
Thank you. As do you. Youre never more than seven minutes away from weather and traffic. Meteorologist bill oevans in the weather center. We will probably drop to 45 through the morning but the numbers are warmer than normal. It should be 25 around new burn but it is 45 there. Poughkeepsie. The same. Monticello 37. 43 around wrightstown. Well be looking at a nice, mild day. Normal High Temperature this time of the year is 50. Well get to 61 this afternoon and much of the parade will be dry and breezy and the wind will be at your back. If youre on 5th avenue, the winds are at your southwest. Look at that and the sun will shine warmly upon your face. Here is the fdr drive. We have construction setup there so we do have sml sm really heavy delays on the fdr drive. Lets go over to our maps and explain where it is. It is southbound to the 90s and 70s into the 60s. Northbound 60s up into the 70s. Three trains suspend services, use the ....
The alert mentioned a man in his 30s was reportedly assaulting women near the west dorm and uihc on the university of iowa campus in iowa city. Kwwls Olivia Mancino is in iowa city w the latest i have not heard back from the University Spokesperson so there are still some Unanswered Questions , namely we dont know if this man is a student. Health center area, hes described to be a white man around 510 with brown hair the hawkeye alert states the assaults were sexual in nature. Again he is in custody now according to those alerts, they well be sure to pass them along issued for a Sexual Assault today the first issued at four in the morning. That suspect was described as a man, about five ten wearing red flannel, ripped jeans and flip flops. He was seen ....
4. 5 billion stake in phillips 66. Well get to all of it and a lot more. Futures are falling as we ring the last opening bell to the month. The bells are saying good rid kans to august. The nasdaq down its the worst month since may of 2012. Well see whether or not we finally get the weeks were used to having in august which are not nearly as exciting as last week. The market is very thin. People making a lot of big moves in a market that is not that stable, but i would point out that we have to get used to this. Last night the futures were down 25. There was nothing going on. China wasnt that bad. Stanley fischer, i felt was consistent with friday. It was a speech about inflation. And what i really want to point out is that we are down a lot on a lot of stocks. If you revisit last tuesday, almost everything is down. We have to start recognizing the market is pricing in whatever the fed does even though you may hear that only 40 say the fed is going to hike. Theres way too many stocks d ....
To unveil a new short position he has never spoken about publicly. This puts him up against some other powerful Hedge Fund Players and thats just the way he hikes it. The news makers will keep coming. Tomorrow dont miss the exclusive hour long conversation with david tepper. You may remember the market call that lead to the tepper rally in september 2010. Well find out what september surprise he could have up his sleeve for investors now. Of course good timing on this. The fed ready to act again next week and then on friday we have bill ackman stopping by with his best bets for the next 20 years. First though before we get to todays news lets get to more of the news of the morning. Our top story this morning is the markets. Joe mentioned japan, check this out. The nikkei surging to close higher by 7. 7 . The comments from Prime Minister abe who told a meeting of investors ....