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Press conference by chairman janet yellen. stocks have largely been trading water, all the major indexes up. the dow is up about 44 points. we are starting to see gains there. that s because wall street is divided on whether we will actually get liftoff today. if the fed does begin raising rates, it s expected to be a 25 basis point, basically a quarter of a percent increase. that s a small move. the bigger question will be how central bankers continue to hike from there. for everyday americans, what does this mean? longer term, this will affect credit card and savings accounts or if you are looking to buy a home or car, anything with an interest rate involved basically, mortgage rates will begin to tick higher. the same will happen with variable rate credit cards or student loan debt. on the flipside, there is a bright spot. your savings account or certificate of deposit will begin to earn more money as well. the more immediate ramification will be to the markets. for main street, rat ....
Economists say time and time again if you want to keep things going in the right direction. you have to create at least 200,000 jobs. it feels like that number keeps going up. it used to keep trading water but now it moved up to 200,000. this is not great. we ll have high unemployment for another six to seven years, but the point is the outlook is getting better with the fed making projections yesterday. so bernanke is talking about reducing the bond program. it is like taking an addict off his methadone. it s a withdrawal process. you don t do that. the bond market doesn t like that. and you can see on the next chart what s happening to interest rates because bernanke is hinting at this. he hinted at it back in early may. he hinted at it again late in may. then you have yesterday, and over this period of time, treasuries have gone from 1.6%, 1.6% to about 2.5%. and for the average american, this has consequences because ....
Martha: we ll see where it goes from here. we ll see if that culture is something that is proven out as this story continues to be told. senator rubio, thank you very much. we ll talk to you soon. thank you. bill: quick check of the markets right now. eight minutes into the day. jobless number for the week is out, higher than expected at 360,000. we ll see how investors react to that number. trading water at the moment, off about one point, 15,273. we ll watch it through the the day today. high numbers. 15,000. martha: a lot to absorb in the markets when you look at all these stores and if you remember during the election, put your mind back a little bit into this moment when senate majority leader harry reid took to the senate floor and he said that he knew intimate details and information about mitt romney s taxes. do you remember him standing on the floor assuring everybody that he knew what was in there and that we were going to be very disturbed when we saw it. how did he get th ....
For gas or bread. we re waiting in line for $315 sneakers. that tells you things aren t as dire as people think they are. maha: that people will go out other things to buy $315 sneakers. matt, thanks, interesting. bill: they will break that bank, martha. martha: they tell how high you jump. when that gets a little cheaper, that technology we might go for that. bill: that is going to see. i m a lot younger than i look. that s why we were wearing them. martha: i know you are. i know you are. bill: check of the markets, aren t we all. check of the markets 25 minutes in. we re trading water, up 25 points. we re waiting on europe to see which domino will fall next. we re keeping eye on that. down slightly on trading on monday. apple has been flying. you saw that, flying really really high. updates throughout the show. martha. martha: global tension rising over the dead lie violence in syria. president obama s new ....
Stolen. the cost at that concordia ran aground killing 32 people. thieves have stolen the ship s brass bell from underthe water. s&p hitting the highest point in nearly four years on the market. they re trading water right now. did you hear by the way, there is new ipad out. arthel: i heard. don t say the number. bill: don t go there. the just the new ipad. arthel: that s right. the new ipad. bill: i hear it is great. arthel: you re getting one i m sure. the bird flu sparking a worldwide debate a-team of scientists creating a mutated version of killer virus. some warning it is highly sensitive research and should be kept a secret to prevent rogue states and terrorists from getting their hands on it. fox news medical a timer, dr. marc siegel live in the newsroom here in new york. dr. mark, do you agree the study you should keep i it ....