than the federal reserve itself. one thing we expect tomorrow is for a new projection from fed officials and for that to come down. we'll see how things like the recent lousy retail sales report factored into that forecast but expect those to come down and it's something that will be watched closely with the policy announcement tomorrow. for "nightly business report," i'm steve liesman. >>> and as steve liesman just mentioned, retail sales fell in february and the figures for january were revised lower. sales at retail stores and restaurants declined .1% last month. this is a key barometer for overall spending. a separate report showed producer prices decreased 2% in february, an indication that inflation pressures remain modest. >>> business inventories rose more than forecast in january. the congress department said inventory is a key component of gross domestic product but the ratio of inventories to sales reached a post-recession high. and that is a sign that companies may not be able to sell what they've been pr

jon: we come into the federal reserve meeting and look at the spread between the federal reserve looking at for hikes and the markets and saying maybe one. -- federal reserve looking at four hikes. jim: my view is it is one-to. -- 1 to 2. , they data gets a strong could go by june, but i don't think they will go -- to me, it's either june or december. it's a question of how -- if financial conditions tighten too much, janet will not move. she's happy to do one hike this year. jon: you look at the data, , it's hardnflation to say the fed is data dependent anymore. stephanie: when can choose the data they want to look at. you can paint whatever picture you want. dean: it is the case. , they need to hike not only the u.s. economic data to be looking strong, the employment data, the gdp data rebounding, but they need financial markets to because -- to be calm and growth in the rest of the world to be promising. that is quite a list of things to check off. i think the fed will be raising rates later this year, probably more than the markets think. it is a difficult barrier to get over for the

production, broad gauge of output across factories, well, mines and power plants, factories, federal reserve reports a decline of .5% in february from the prior month. much of the weakness was concentrated in the mining sector and utilities. manufacturing production increased for a second consecutive month. >>> federal express, fedex, is often considered a barometer of the economy and topped wall street's earnings estimates. a surge in online shopping during the holiday season, people like me, helped drive its ground business. the ships company reported fiscal third-quarter earnings of $2.51 a share better than the $2.34 expected. revenue of $12.7 billion was better than estimates and 8% higher from a year ago. investors like those results sending shares higher in initial after-hours trading. morgan brennan has more on fedex's quarterly results. >> reporter: fedex delivering a beat on its peak holiday season quarter and narrowing full-year guidance to the upper end of a previously cited range. number two u.s. package delivery company crediting better than expected results to yield management

federal reserve policy. anchor: will they, or won't they?y have now announced they will keep interest rates unchanged from where they stand currently, between 0.25 and 0.2 5 -- 0.5%. this happened at a meeting earlier. the fed had a lot to chew over in the meeting. oil prices have been -- core inflation rising, home construction stronger, and factory outlets have improved. it was not enough to bring up rates this time, but a another hike as early as the next fed meeting. the chairwoman, janet yellen, has set up her vision to come. >> the median projection for the fund rates rises only gradually, to .9% later this year, and 1.9% next year. as the factors restraining economic growth are projected to fade further over time, the median rate rises to 3% by the end of 2018, closer to its normal level. anchor: i should say that janet yellen it says that those planned set in stone and could change according to the recovery of the economy. let's get more on this story with our man on wall street. thank you for being with us. firstly, why do you think

it's an honor to speak about the federal reserve's pursuit of maximum employment and price stability. in december the federal open market raised the federal funds rate. the main policy rate by one quarter percentage point. the small step marked the end of an extraordinary seven year period during which the federal funds rate was held near zero to support the recovery from the worst financial crisis and recession since the great depression. the committee's action recognized the considerable progress that the u.s. economy had made in restoring the jobs and incomes of millions of americans hurt by the downturn. it also reflected an expectation that the economy would continue to strengthen and that inflation, while low, would move up to the fomc's 2% objective as the transitory influences of lower oil prices and a stronger dollar gradually disapate and as the labor market improves further. in light of the expectation the committee stated in december and reiterated at the two subsequent meetings that it expects that economic conditions will evolve in a manner that will warrant only gradual

stocks closing higher after spiking on the federal reserve decision.carlet: the question is "what'd you miss?" the forecast goes from four rate hikes to two rate hikes. >> forget one or two rate increases, what about five? >> is the disappearing middle class determining the u.s. election? we begin with our market minutes. u.s. stocks gaining after that decision, a dovish outlook given by janet yellen and company. the dow gaining almost 100 s&pts,

anthony, we just asked steve how much of a shift in thinking this is from the federal reserve.o you agree with him that it really is now that they're putting more weight, emphasis, and caution on international developments? >> i absolutely do agree. i think that when you are the largest economy in the world, or even the second largest economy in the world, you have a responsibility to pursue strategies that are not only in the best interest of your own country but also the global economy because you have such a large impact. so whether i look at the federal reserve or the people's bank of china, i think they are pursuing strategies that are in the interest of the world and their own respective countries. keep in mind that yesterday the federal reserve lowered both their growth targets for the u.s., both for 2016 and 2017. so if growth is slowing down, there's no need to be as aggressive when it comes to interest rate hikes. >> hans, at the top of the show, we were applauding the positive reaction in risk assets to this announcement from janet yellen. yesterday we got green on t

the federal reserve has acknowledged that as they continue on.earse first time in 15 the gap was going to be the smallest between devout market growth and emerging-market growth. in large part because of the slowdown in china, brazil, russia, and so forth. we see that as a trend and ironically the developed markets, u.s., japan, to a lesser extent the deleveraging that they went through, painful over the last several years is actually providing the marginal growth to the world economy and i think that that's something that the investors are still grappling with. betty: are we going to see more central-bank easing? clearly at the limit. developing markets, clearly negative rates are not of fan of. that's partially setting a deflationary expectation, so it's an experiment. clearly the federal reserve -- one of the reasons we continue to see 1% is that it could be the high water mark in the friend -- fed funds rate is the next couple of years. i can't see them pulling away from that tractor beam. they seem to come in with bazookas whenever there is

the question now, one is hopeful the federal reserve do and will appeal to manage to slow the economy down. but is there active. the other question that the federal reserve precipitates movements in recessions, the combination of world events from our being there with them. most of the time we think about the united states moving along its own path and not be driven. if this is a new case for china and china slowdown precipitate the greater slowdown which is transmitted to the u.s. is a new consideration in the world economy. >> host: was the legislative response since 2008, has it been in effect is, some of the new restrictions, the new laws put in place, are they important for stabilization of economy? >> guest: so there are many full aspects of the legislative response. you know, the first big one was the ara, american recovery and reinvestment act implemented in 2009 analysis pics countercyclical move as the economy was going down, and there is the upward movement from the stimulus and that was one of the most important things to push the economy in the right direction. otherwise

>> there are a couple of pretty unusual things going on at the federal reserve. janet yellen is pretty clear in her statement, and at the last said meeting, she lowered the expectation for future rate increases, and what she said on tuesday does not sound like the federal reserve will increase rates in april, and she also claimed a lot of external factors and usually the federal reserve looks more at the domestic factors, but now the global economy plays a much higher role. the markets reacted with a little selloff in the dollar. on the other side we saw an increase on the stocks in wall street. >> we will talk in just a minute. thank you so much for this update. the u.s. government accusing folks wagon of deceiving american consumers. the german carmaker admitted to fitting it so-called clean diesel with commissions cheating -- emissions cheating software. this is on top o of the u.s.. justice department s sued for violating environmental laws and comes as a bw recalls over 5000 electric vehicles in the united states. a battery problem can cause the engine to st

the bond market, everything is on hold, waiting to see what the federal reserve does.on of an increase, but you never know. and to steve liesman with the fed decision in washington, d.c. >> the federal reserve leaves interest rates unchanged. no change in interest rates, leaving rates unchanged at 25 to 50 basis points. the federal reserve slashing its forecast for future rate hikes, now seeing two rate hikes this year, down from four. and slashing 50 basis points off of the forecast for next year. pretty aggressive there. slightly upgrade its assessment of the current economy, current inflation. but seems to upgrade its concern or worries over global concerns saying global economic and financial developments continue to pose risks. and it did not provide a balance of risk assessment for the u.s. economy. the vote was 9-1 with the dissent from kansas city fed president ester george, who preferred to hike 25 basis points. on the labor market, the fed said a range of recent indicators including strong job gains point to additional strengthening of the labor market on eco

so i want to start by saying that i've been involved for many years in the federal reserve system, and we are a nonpartisan, independent institution devoted to pursuing our congressionally mandated objectives, and i have never seen political views in any way influence the policy judgments that are made inside the federal reserve. i want to say that emphatically. the political activities of governors, participants, government employees are governed by the hatch act. we are all subject to that, and the hatch act does allow campaign contributions to be made. it outlaws other forms of partisan activity. and i would say within that, so it's up to each individual to decide what is appropriate in their point of view. but the federal reserve is not a partisan political organization. >> the policy, the projections appeared to reflect increase in estimate the extent of labor market slack if you talk to one possible reason for that, which is the softness of wage growth. arthur other considerations that have led you to increase your estimate of how much slack there is in the labor market? >> so i

where global marks are and when everyone went to jackson hole and position themselves to the federal reserve not to taper further, you know, the federal reser reserve. so to pete's point there's too much unknown or too much lack of clarity and positions seem to shift. >> the fed doesn't seem to be following through on what it says. the data seems to suggest that the fed could make a move. that they should have make a move and didn't. now it's too late. who knows what to believe. >> i don't think the fed lost credibility from their monetary policy because i'm not against holding rates where they are now until they're sure because as joe points out you have the dual mandate and the economic data only really started improving over last month. however where they have lost credibility is that they're culturally adrift as an organization. it's the only organization that i know of that strives to be successful that has multiple voices. when they say they're data dependent wres they do and you have another voting member saying something else so every day of the week you can get a different view so t

this just five days after the federal reserve held the line on interest rates.e says certainly rate hikes are justified. more rate hikes justified this year. the first quarter growth will show a bounce back from the fourth quarter, and he says moderate growth this year is both realistic and justified. he thinks consumer activity will expand at a healthy enough pace, and he expects continued job improvement this year. he goes on to say that we are getting, quote, closer and closer to full employment, and he's optimistic that a 2% inflation target is possible to be hit in the medium term. he says the consumer is underpinned by housing data, better housing prices and by strong job growth and low oil prices should also bolster the consumer and economy. he goes back to justify the patience in march saying it made sense. the fed was concerned about recent market volatility. it is still unclear, he says, if that market volatility will end up affecting the economy, but definitely feeling more comfort with the current situation. he is the second fed official to make a co

fiscal policy, and the federal reserve is not legally allowed to do that.ally wanted to send out cash to people or checks, that is something the congress can do, but it is not something the federal reserve can do. in fact, you do not want the federal reserve be involved in fiscal policy. it is actually not feasible. is moreio may want fiscal policy. if he wants the government to send out checks to people, that is a whole other debate. few morewent to as about what jim bullard said, saying the labor market -- i want to ask you more about what jim bullard said, saying the labor market could get that her. -- could get better. do you share his view? he was talking about that 2% target and that if we overshoot it, that would be fine. shkin: targets should never be ceilings. you should as likely be about it as below it. this has been a huge problem with the ecb, which is always treating their target as a ceiling, and they are always behind the curve, so we have a problem, however, where the real issue of e ed should not be how strong the employment report is what

david: this became a rarer thing, in part because of the federal reserve stance.aura: yes, the federal reserve wants the banks to be able to have enough capital to deal with that. that is what this restructuring this isbout and basically like ratios that you have to keep in touch with. know, if you have a big problem, you are expected to not be asking for these kinds of things. but many people we have been talking to say, look, it looks like the federal reserve is giving more flexibility and more so than when we had the financial crisis with so many issues. david: you talked about the stress tests, so what does the timetable look like here? will be no whether or not they pass? laura: it is a little bit, and we have had some analysts described this as a black box, but we really don't hear anything about these tests until june. about't know anything them until much later in the process and we kind of only sure aout this if there is rejection or ultimately if they are approved and we don't really hear the back-and-forth about what the fed has concerns over, just if s

so i want to start by saying that i've been involved for many years in the federal reserve system, and we are a nonpartisan independent institution, devoted to pursuing our congressionally mandated objectives, and i have never seen a political views in any way influence the policy judgments that are made inside the federal reserve. i want to say that emphatically. the political activities of governors, participants, government employees are governed by the hatch act. we're all subject to that. and the hatch act does allow campaign contributions to be made. it outlaws other forms of partisan activity, and i would say within that, so it is up to each individual to decide what is appropriate in their point of view, but the federal reserve is not a partisan political organization. >> reporter: the "new york times," the policy the projections, the new economic projections appear to increase the extent of labor markets lack. you talk about the softness of wage growth, are there other considerations that led you to increase how much slack there is in the labor market? >> i should point out i

you are going to tell us about janet yellen, the head of the federal reserve. she's had a few things to say today about cash. markus: i am nordic, first of all. that's the reason why i'm happy. markets are pretty happy after janet yellen and the latest policy-setting meeting at the federal reserve. the fed kept its benchmark interest rate steady this time around. the same time, fed chief janet yellen said that the central bank could raise rates twice this year. that is seen as a cautious message from the fed chief, who had previously signaled they would raise rates four times this year. there are concerns that higher rates too soon could damage the world's biggest economy. janet yellen says the u.s. economy has been resilient in recent months. yellen: since the turn of the year, concerns about global economic prospects have led to increased financial market volatility and somewhat tighter financial conditions in the united states. economic growth abroad appears to be running at a somewhat after peace than thanously -- pace previously expected. these have not re

the chair of the federal reserve meant what she said. the central bank will move carefully and cautiously when determining when to raise interest rates. janet yellen cited a weak global economy. the dow gained 90 points. the highest close of the year. the nasdaq added 79 and the s&p 500 rose 17. miss yellen's tone remains in sharp contrast to other fed officials who during the past week were more upbeat on the committee and said the time is near to hike. we have more on the fed chair's cautious sign. >> the question is being raised has the federal reserve retreated from the rate rising regime. markets from gold to fixed income to stocks reacting that janet yellen laid out an out look for rates today. she suggested greater gradualism is warranted in raising rates and emphasized the risk from global economic weakness to the u.s. economy. >> developments abroad implied that meeting our objectives will likely require a somewhat lower path to the federal funds rate than was anticipated in december. given the risk to the out look i consider it

alan blinder, does the federal reserve want to see a weaker dollar? i think if they thought they could wave a magic monde, they would, but a weaker dollar probably comes, in this context, from a looser monetary policy. they are not looking to project a looser monetary policy, except in very little. blinder, my quick math, this is a fed modeling under 4% nominal gdp. dovetail our economic growth with our new caution on inflation. we saw this from mr. osborne today in the u.k. it's becoming a habit of dampening down nominal gdp. how does chair yellen adapt to that reality? frankly, the fed looks at nominal gdp, but they do not really fixate on that. they are looking at the two components. you have an inflation component and a real growth component. i do not think chair yellen and most other members of the fed think there is a virtue in adding them up and looking at that summary number. inflation is coming in a little 2 likely, pce inflation, real growth probably a little above 2. the puts you right around 4% mark for nominal gdp, but i don't think that

bank of ban january, federal reserve and bank of england. yield on 10-year treasury is 1.97%, pushing closer to two. nicole: federal reserve and you will h wall street and main street will be watching the two-day meeting tomorrow. policymakers are not expected to raise interest rates. analysts will look how optimistic the fed is in. it raised a quarter of 1% in december, first time in decade after keeping rates near zero. fed meeting comes after the european central bank cut interest rates last week to boost the eurozone fragile economy. sandra: let's look at today's headlines in the "wall street journal." pick up a copy. as car munoz returns to work following a heart transplant with a lengthy list of things he has got to do. madison avenue grapples with lack of diversity. recent missteps paint unfortunate portrait of the ad industry. $20,000 self-driving vehicle hits the road. honda civic lx has automated safety features allows the car to drive itself on a high for $20,000. nicole: pretty cool. walt disney's, "zootopia" ruled the box office

federal reserve and those at the bank of england. as for the boj, investors aren't expecting a big change to their current negative interest rated policy. still ahead of all these meetings, global investors are trading cautiously. over on wall street, major indices closed rather flat. the dow jones industrial average ended up nearly 0.1% at 17,229. that is the highest cholose sin the end of last year. the tech-heavy nasdaq rose just slightly. let's see how markets here in tokyo are trading this tuesday morning. we're going to go to ramin mellegard who joins us from the tokyo stock exchange. ramin, what are you seeing at the open? >> good morning to you, ai. as you said, a lot of focus on central bank policy meetings. analysts expecting the bank of japan to maintain its negative interest rate policy. let's look at the reaction for the nikkei and topix. it's pretty mild, although negative. and that follows on the pretty lackluster closings we saw on wall street that you just covered as well. so the nikkei just down 0.12% of the we'll s

all day we've been arcing over a 25 base point federal reserve interest rate hike.e way to which on monetary policy, not enough on fiscal policy. no matter who wince this election, i believe there would be a fiscal policy mandate, because the economy will dominate the rest of this election cycle in the general election. the democrats are talking about raising taxes on the wealthy, using that mon for infrastructure spending and continuing this monetary policy of low interest rates. the republicans are talking about repatriating $2 trillion of cash back overseas and putting that money to capital investment, infrastructure -- >> so one way or another we're going to get that -- >> more, more, more. no, my friend dan clifton, it's going to be bigger than that. i'm not talking about repatriation of cash overseas, though you are correct. i'm saying we need to make america the most hospitable place to invest in the world. if we do, with low tax rates and expensing, all of the rest, literally trillions and trillions of dollars from all over the globe will come to the u.s. an

all eyes on the federal reserve assurancess wait for of continued growth. pimco's economic advisor was thinking at the challenges facing policymakers. >> central banks are constantly learning and trying new things all the time. they are the only game in town and fiscal policy is not helping, so they have to try new things. they have discovered it is probably not the holy grail. this is why the impetus -- the emphasis is shifting. vonnie: joining me now is the equity manager for funds management. it seems to always prop up equity markets. guest: i like it when stocks go up and that's not the point. the point is to help the economy. i think that is where the help comes from. julie was talking about the call for an interest rate increases year. how would you rate that? probably backed off from where we thought before. it's like taking an airplane trip. you don't get off the airplane early if you don't arrive on time. we have been getting high-frequency data that hasn't been terrible. didn't have yields dragged down by other economies into negative territory. w

federal reserve is expected to postpone tightening and reduce expectations for future hikes.ps and downs. that's what china's premier says is in store in the country in his only press conference of 2016. he outlines a reform plan. and u.k. budget on boil. his llor osbern delivers iscal plan luring the european membership vote. ♪ mark: welcome to "countdown." there are a couple of big things on play. the japanese going lower with the lower band. and the chinese ready to take appropriate action to stimulate their economy. but it will all come down to the perspective and the prism of one group of people, the federal reserve and just what can they get away with? this is what i'm talking about. you've got a new function on your terminal. it is dots go. if you ever wondered how to monitor what's beginning on. the yellow dots which begin here in the far left and rise are the current dot path given by the federal reserve president. that's where they believe raise hikes will go. that is delivered by the green line. so that's the theory. so the theory is that there will be four rate hi

federal reserve policymakers meet in washington.are expected to keep the benchmark interest rate unchanged. coverage across all of bloomberg best media platforms starting wednesday at 1:00 eastern time. the fed decision is at 2:00 in the janet yellen news conference follows at 2:30 all right here on bloomberg television. tracy: a disappearing medical implant. the fda meets tomorrow to review abbott laboratories first of a kind heart stent that dissolves into the body after helping to clear fat clogged arteries. but regulators are questioning the safety of the experiment all device. david: hertz global holdings is selling the bulk of its car fleet in china. it will give customers access to rentals in more than 700 locations. that is your bloomberg business flash update. let's head over to the markets desk where julie hyman is taking a look at some of the moose today. julie: in emerging markets, we are seeing a bigger rally then we see in u.s. stocks. we've had this outsized move going on, up about .5%. egypt has been a standout. here

first of all i think the federal reserve that's worried about the down side, the federal reserve that'sxpectations will be supportist of risk assets. it provides more liquidity and that should provide some boost to sentiment. i think that hawkish fed, the fed that's aggressive, that's kind of the risk case but i don't think -- >> it depends more than anything where the economy is. if interest rates are rising because the economy is growing that's good news. >> this is where i think it's interesting. the economy is fine. we've seen growth come around 2%. retail sales slipped a little bit. you have this interesting combination where the economy is fine yet inflation expectations are keeping the fed cautious and on hold and that's a nice combination. >> can't be fine given the politics of what's going on in the world. >> the politics are challenging. >> meaning the whole country seems very angry. they don't believe the economy is fine at all. >> here's an interesting take. fed is a non-issue this cycle. that was different in 2012. in 2010 rick perry was threatening ben bernanke coming to t

the dollar continuing to lose ground after yesterday's announcement from the federal reserve that rates will stay roughly where they are. and any motion there is going to be slow and deliberate. let's get to bob pisani on the floor of the new york stock exchange. >> it is the newest leg of this rally, dow jones industrial average at a high for the year and much of it is being fueled by that weak dollar set off by the fomc announcement yesterday. want to show you that dollar index. dollar lost 2.2% against other currencies just in the last 24

the federal reserve predicting a typical u.s.ousehold will have about $1,000 more to spend this year thanks to cheaper prices at the pump. what are americans doing with extra cash? so far, saving or paying down most of it with debt. but economists believe some of cash will go to restaurants, cars, appliances and other long-lasting products. as for interest rate hikes, except% of the economists surveyed expect two increases this year, guys, back to you. >> on par with the fed blast which is forecast. >>> when we come back, oil prospects. rbc's head of energy resource joins with the call on crude. wti just below $40 a barrel. our facebook and twitter question we want to hear from you. we've asked what is going to break the lull in u.s. stock? data, fed speak, earnings, international news? send your comments. thank you for calling. we'll be with you shortly. yeah right... xerox predictive analytics help companies provide a better and faster customer experience. hello mr. kent. can i rebook your flight? i'm here! customer care can wo

one could argue the federal reserve is close to filling its dual mandate. you say it may have a third mandate and that is global financial conditions. why is that? rick: i think the dollar has taken on a significant amount of importance and i think one thing the chinese situation at the beginning of this year brought markets haveng been about 60% of the gross in the world and china is intertwined with the rest of the emerging world and asia. the dynamic around the risk around capital flight and the deflationary dynamic was profound. when it looked like china was not going to devalue, that is when inflationary expectations began to pick up. keep financial conditions stable and how does global growth continue to be buoyant? the impact is significant. part of why the fed talked about it in the statement. tracy: walk us through the importance of the dollar all little bit more. is there a commodities connection that feeds into stuff like credit? rick: you are spot on. 43% of the world is loosely egged to the dollar. you think about the impact the dollar has from

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still up 38 points at this moment ahead of this week's federal reserve decision. oil sinking but not controlling the market right now. plus, the virtual reality gadget that's got south by southwest all agog. we're going to show it to you live. we're less than an hour to the closing bell, let's start the "countdown." ♪ ♪ liz: yes, it is the big day before major primaries in huge states, but it's also the day before the federal reserve holds its two-day meeting in washington to mull yet another interest rate hike. fed funds futures pits areing no march -- betting no march rate hike. the markets hate to make bets in advance of the meeting, so again a narrow trading range. at one point the dow was down as much as 52 points, and then it went up more than 55 points. right now gains of 39. s&p just straddling the flatline here, slightly negative. the nasdaq looks pretty healthy, up eight points. so what is leading at least the turn around for the dow? boeing, mcdonald's, walt disney. these three names are what pumped the dow up, as we mentioned, to higher than 55 points.

i think the federal reserve will have to lower their -- i don't think we are at full employment. , shen forecast telling everyone, she is signaling, as well as dudley and fisher, that they are comfortable with a higher rate than 2% on the inflation front. carol: it is very interesting great i feel like we are in a new world era. do you have faith that everything that janet yellen is the european central bank and mario draghi are doing, that it will ultimately have an impact and growth will get back on the normal trajectory? and inflation, for that matter? is the real story -- we don't believe that the federal reserve or any central bank intervention can create the economic activity. it can create stabilization within the financial system. that is with their mandate is right now. they don't speak about that as much. they can loosen financial conditions -- that is what they are attending to do. the credit growth by private theor credit growth, either consumer or corporations, is what is going to actually give that real economic impulse into the u.s. economy and the global economy. carol:

what prompted the federal reserve to hold off on an increase, just ahead. plus, a closer look at problems on election day. the differing opinions about how hours were extended at local polls and when people were notified. 3 but first, new but first, new information surfacing about bergdahl desertion case. the reason the army sergeant says he left his post in afghanistan, next, break two3 good morning... (ad lib) 3 we're learning new information about the case of army sergeant bowe bergdahl. newly released documents from a military investigation show bergdahl's reasoning for afghanistan in 2009. bergdahl said he was trying to draw attention to what he saw as leadership problems. other documents show army doctors diagnosed him with a personality disorder. bergdahl is facing a general court martial in august.. on charges of desertion and 3 frank sinatra junior carried on his famous father's legacy with his own music career.. right up until his dead...the sinatra family says he died unexpectedly of cardiac arrest while on tour in daytona beach, florida. despite

a couple days ago, some federal reserve officials direct slur broke ranks with the chairwok, making it clear they don't believe the fed is moving fast enough. ever since we've been going down the hill. dow only closing up 13 points. nasdaq advancing 1.0%. it was not a nice day. this mini-revolt is a strat city. how the heck is the economy going to get stronger? how do we protect investments that three officials are able to upend. this is the offensive coordinator calling for a pass after the held coach dialed up a run play. this newt my to me is inexplicable. you simply can't confuse people like this. i had grown more positive because of her wonds. >> she gave you the directive meant that the dollar might be due for rest, stop being so super-freaking strong. these fed officials are so at odds, who wants to take any risk whatsoever? i'm not against free speech. i'm simply against anarchy. that's exactly what these recent discordant statements provoke. so there's nothing more self-defeating than when different factions in the fed are sending mixed signals. i can't stress how important th

markets playing the waiting game ahead of tomorrow's federal reserve rate decision. dow jones industrials falling five points, the nasdaq suffering a bit more. less than an hour to the closing bell. let's start the "countdown." traders at this hour taking heed where julius ceasar failed, staying clear of danger, not taking bets on the ides of march, march 15. trading very light ahead of tomorrow's fed decision, it was light yesterday, too. all ten of the s&p sectors are downsa the markets anticipate no change in u.s. interest rates this time around. the s&p and the dow down 5 point, 7 points, watching it closely. the health care sector is looking sickly. pharmaceutical and biotech names like eli lilly and biogen. valeant getting slammed after they slashed quarterly forecasts. more on valeant in just a minute. >>> what is working today? big box retailers, walmart higher about a percent, wholesale, costco up about a percent as well. one eye on the markets, the other what is developing into a huge political story. to politics and, of course, team fox business coverage,

scarlet: the climax will be the federal reserve meeting.ious to see what kind of q they take from the ecb meeting yesterday. good point. a special thank you to carol massar for stepping in today. joe weisenthal is back on monday. have a great weekend everybody. ♪ mark: i'm mark halperin. john: and i'm john heilemann. with all due respect to ohio, it's all about florida right now. i am here on the beautiful coast of west palm beach, florida. mark, our friend is having a john kasich town hall. he wants a rock, paper, scissors rematch. the sunshine and buckeye states are two of the five states avoiding on -- voting on

scarlet: what is the tipping point for the federal reserve? a chief u.s.mist tells us. ♪ mark: let's get the first word news. ,resident obama reversed course the administration withdrawing the plan to open much of the southeastern atlantic coast to offshore drilling for the first time. coastal communities and environmentalists had opposed the plan, so did the pentagon. john kerry will travel to moscow to discuss the russian withdrawal from syria and the latest peace talks. the sooner opposition says a russian withdrawal will help the peace negotiations in geneva. the surprise move announced yesterday by president vladimir putin, russian forces pulled out of syria today. a changing of the guard in myanmar, the parliament has elected a close aide to aung san suu kyi to be the next president. aung san suu kyi is the democracy activists whose party swept to elections in the decades of military rule. the metro system shuts down for 24 hours according to nbc news, metro officials need to inspect as many as 1200 pieces of equipment in washington dc. yesterday a c

any expectations out of the federal reserve?reserve to hold fire until their june meeting. this game more interesting is what comes out of the bank of japan. i think mario draghi and the packages he gave last week to corrode bank of japan effectively and not scare markets where they did at their last meeting. maria: how are they going to do that? >> initially there was a big selloff on thursday in the big rally on friday. by friday, people figured out the way that draghi structure the package of european banks make loans, they can avoid the charges that the negative interest rates on excess reserves and borrow at negative interest rates which means any loans they make or alter profitable because they are funding in the negative rate. this is powerful stuff. that is super important to explain. bell is a great explanation. more simply they are getting paid to make those loans, maria. so there you go. that the ultimate in liquidity. once the market fully understands that, the market will rally. they're getting paid to make the loan

jonathan: the federal reserve policymaking wrapped up today. aboutnkers the recovery of the economy at the potential for rate rises in 2016? president obama set to announce his nominee for the open supreme court seat. tells itsank investors they may not make a profit this year. jonathan: welcome to the second hour of "bloomberg ." stephanie: a big morning here. fed announcement. news out of china, supreme court announcement. jonathan: and another read on inflation and the housing sector later in this hour. a hefty fed date. stephanie: hopefully. david: a hallmark holiday over here. know -- tom freston will be with us. let's go to the first word news with julie hyman. julie: i will say happy fed data john because it's his first fed day as well. first fed day in the united states come in new york. president obama on a collision course with senate republicans. later this morning, the president will announce his pick for the supreme court. he called his nominee eminently qualified. watfordgarland and paul under consideration. senate republicans

. >>> the chair of the federal reserve has stressed that a future hike in u.s. rates should proceed cautiously. janet yellen made a speech in new york. she explained the pace of rate increases needs to be delayed somewhat in light of market turmoil, triggered by the slowing economy and sharply lower oil prices. >> given the risk to the outlook, i consider it appropriate for the committee to proceed cautiously in adjusting policy. >> market sources say many investors had believed an early rate hike was possible. but turmoil that began in january has subsided and u.s. economic data has improved. but now they take the view, increase is unlikely in the near future. >>> well, buy orders surged on wall street, following yellen's comments. the dow jones industrial average, 17,633. the tech heavy nasdaq jumped just about 1.7%. let's see how investors here are reacting. we're going to ramin. good morning, what are you seeing over there? >> thank you very much. as you were just touching on the u.s. federal reserve there, after some of the hawkish comments from fed officia