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he was on the fed today and in moments jeffrey gundlach with $80 billion in assets under management will join us live with his reaction to the monumental decision. but first let's get to steve liesman in washington, d.c. and steve, it does look like, according to the market reaction, the fed a thread of the needle on this one. >> yeah. and they delivered pretty much what was expected. not only did they hike rates 25 basis point to the range of 25 to 50. they are going to try to hit the middle of the range. but they signaled gradual rate rises in a moment. more on how yellen defines that. but she explained she is raising rates in order to not have to cut them later -- not have to raise them abruptly in the future. here is what she said to me earlier today at the press conference. >> we recognize that policy is accommodateive and if we do not begin to slightly reduce the amount of accommodation, the odds are good that the economy would end up over-shooting both our employment and inflation objectives. >> so what happens now? how quickly will rates rise? one thing you could look at is the f

we actually have jeffrey gundlach from doubleline, he'll be on at half time report today as will leeomega advisers. it will bejeffrey maintains the fed is making a huge error if they hike today. >> good morning, carl. a selloff today, a big build, 4.8 million barrels. at the intraday chart, immediately prices moved lower on that number. it is a big build. analysts were expecting 2 million range. the api gave us a 2.3 number last night. yesterday we did see a big move heading into the fed meeting today. it's not unlikely to see some selling pressure today. the dollar will be an influential factor when it comes to the crude trade. i do want to point out that the spread between brent and wti really closing in, less than $1 now based on this news that we could see the export band lifted. nothing is finalized just yet. even the conversation of it is showing that you wti and brent are coming closer if they were to be on the international market. >> it has been interesting to see the pressure on brent. >>> still ahead, former fed governor mark olson joins us live to talk about the big decis

. >> jeffrey gundlach says it could be the worst in the market.to react on the other side. >> we're in a biforcated markets. you have fang versus everything else. yes, it's an issue. i don't think that lee thinks it's going to lead to the end of the woshld in the market. do you think it's more severe than sh others think? >> it's going to take time for the e to catch up with the p. we need some earnings growth. there are two sect ors that we actually like in here. one of the banks. the other one is the home builders. >> they 750 dollars. we got a beautiful boost with the tightening that occurred. there's also other -- >> rates are going down. i don't know what's up with that. >> on the longer end, we have a flattening of a curve. the home builders, we have household formation that is going to increase. it's actually now the highest it's been in six years. >> mr. cooperman sees a 7% to 8% total return. where do you come down? >> right around 6% to 8%. a lot of volatility. we'll see a lot of this grinding in the marketplace just like we're seeing. >

leon cooperman, chairman and ceo of owe mega advisors and jeffrey gundlach, founder and skoer.e talk stocks, bonds xwshgs so much more. plus, our traders game plan. what do do after the fed announcement no matter what chair yellen does today? carl, we'll see you in about 15 minutes or so. big show coming up. >> soupdz good, scott. thank you very much. >>> r.w. baird lowering its iphone estimates for 2016 and the price target for apple due to, guess what, recent supply chain worries. will power, the senior research analyst, and he is out with a note today, and he joins us. it's good to see you again. >> good morning. thanks for having me. we were just talking about your note and the line you use that you tend to take some of the channel checks with a hefty gain of salt. why is this bandwagon getting so crowded now? >> well, look. i mean, it's a fair question. as you know, you say this to a degree i guess in front of every quarter. i'm sure as you recall you had concerns going into the december quarter guidance, and i think guidance ended up quelling some concerns. i think there

we have heard earlier today jeffrey gundlach moments ago and we'll hear it a lot this afternoon about the dot, and that is basically as i understand it the fed's projection of what it thinks interest rates will be going forward. explain that and explain why those dots are going to be so important today. >> a new innovation in fed transparency, tyler, has been that the federal reserve now tells us in aggregate and individual dots where they think interest rates will be this year, next year, 2018 and for the long run. that average, that median is the median of the federal open market committee and it tells us where they think rates are going. we expect the average or the median to come down to reflect the fact they haven't been raising this year. so we're looking for the outlook or the path of the rate hikes from the fed itself to be a little bit more dovish, but the market, by the way, is even more dovish than that, and, in fact, over time, tyler, the fed has come more to see the world by the market's view than the market has come to see the world by the fed's view. >> very interesting

jeffrey gundlach has outperformed 99% of peers over five-year says the fed could regret raising rates the junk-bond market. he says, " it is a little disconcerting we are talking raising into straits with the credit markets absolutely tanking." y're, " falling apart." kinggundlach is the bond in place of bill gross. what do you think? >> we are long-term investors. that is not an excuse, that is reality. they can have a very long-term investment philosophy as well. one of the main reasons is not necessarily because of the corporate credit effect, but the currency attraction as well. we are looking to take risks within the portfolio, but also expecting return. we would probably argue that it is more high quality than low-quality. we do actively research the underlying issue, so we know with credit quality we cannot stop and avoid the market corrections, in the market moves from a broader index perspective. what we are buying, we think it is good. from a default rate perspective, one of the reasons the fed could use to raise rates would be a steady state from an economic environment whi

he was on the fed today and in moments jeffrey gundlach with $80 billion in assets under management willive with his reaction to the monumental decision. but first let's get to steve liesman in washington, d.c. and steve, it does look like, according to the market reaction, the fed a thread of the needle on this one. >> yeah. and they delivered pretty much what was expected.