. >> coming up, oracle and fed-ex, two corporates report disappointing earnings. >> and hot houses. more good news on housing sends home building stocks higher. we'll look at whether or not there's a thaw in the mortgage market as we continue our stream guide. all of that and more ahead. >> so, tyler, all about the federal reserve and the economy. >> and cyprus in there for good measure. it was a very busy news day. we're here to tell you all about it. the federal reserve did it again. says it's going to keep interest rates where they are, near 0%. and it also says it's going to keep up its bond-buying program. the markets like what they heard from the fed along with a pledge from the new head of japan central bank about its own bold, easing measures to be unvailed on thursday. as a result, stocks moved higher here about. the dow touching an all-time intraday high. the blue chips did close 56 higher. nasdaq up by 25 and the s&p 500 rose for the first time in four sessions adding 10 points and taking us to within a few of an all-time high. steve leaseman tells us where we go from her

. >> coming up, oracle and fed-ex, two corporates report disappointing earnings. >> and hot houses.e good news on housing sends home building stocks higher. we'll look at whether or not there's a thaw in the mortgage market as we continue our stream guide. all of that and more ahead. >> so, tyler, all about the federal reserve and the economy. >> and cyprus in there for good measure. it was a very busy news day. we're here to tell you all about it. the federal reserve did it again. says it's going to keep interest rates where they are, near 0%. and it also says it's going to keep up its bond-buying program. the markets like what they heard from the fed along with a pledge from the new head of japan central bank about its own bold, easing measures to be unvailed on thursday. as a result, stocks moved higher here about. the dow touching an all-time intraday high. the blue chips did close 56 higher. nasdaq up by 25 and the s&p 500 rose for the first time in four sessions adding 10 points and taking us to within a few of an all-time high. steve leaseman tells us where we go from here. >

. >> coming up, oracle and fed-ex, two corporates report disappointing earnings. >> and hot houses.good news on housing sends home building stocks higher. we'll look at whether or not there's a thaw in the mortgage market as we continue our stream guide. all of that and more ahead. >> so, tyler, all about the federal reserve and the economy. >> and cyprus in there for good measure. it was a very busy news day. we're here to tell you all about it. the federal reserve did it again. says it's going to keep interest rates where they are, near 0%. and it also says it's going to keep up its bond-buying program. the markets like what they heard from the fed along with a pledge from the new head of japan central bank about its own bold, easing measures to be unvailed on thursday. as a result, stocks moved higher here about. the dow touching an all-time intraday high. the blue chips did close 56 higher. nasdaq up by 25 and the s&p 500 rose for the first time in four sessions adding 10 points and taking us to within a few of an all-time high. steve leaseman tells us where we go from here. >>

and is not a very good idea as pictures of people lining up at the atm machines demonstrate. >> meanwhile, important earnings news this week. software giant oracle missed earnings expectations, as did transportation bellwether fed ex. general mills, housing company lennar and williams sonoma all came in ahead of expectations. more strength in the housing sector to report. new home starts roast 8/10 of a percent in february, about what analysts were looking for. that's an annualized rate of 917,000 new homes. the federal reserve continuing its easy money policy and the banking crisis in cyprus. which is more important to your money? joining me right now to talk investing, liz ann sonders is chief investment strategist with charles schwab, and heidi moore is finance and economics editor at "the guardian." ladies, good to have you on the program. thank you so much for joining us. the fed staying pat that easy money policy. $85 million of bonds and mortgage-backed securities, buying those every month, keeping interest rates where they are. were you surprised at what came out of the federal reserve? what does this tell us? >> no, i wasn't surprised. they did slightly downgrade their gdp forecast. then again, they are w

and it's going to go higher, folks. is it due for a pit bit of a pu back? perhaps so. yesterday we were talking about whether the read through in fed ex and oraclend cintas was the consumers or businesses were out? i said, no, they're just trading down. nike brought that home in spades. so you take a look at what nike did. it was western europe, eastern europe, north american sales up 18%. that doesn't tell you the consumers were hunkering down or trading down. >> let's get to a man called an ultimate stock picker by morningstar, chuck bath managing the four-star rated diamond hill large cap value portfolio. great to have you on the show, chuck, and congratulations for being called an ultimate stock picker. >> thank you, scott. >> let's pick some names. if you're the ultimate guy that can do it, what's your best pick right now in this market? >> i think what i've been very focused on is company that is have deliver earnings growth in a time corporate earnings growth is slowing. a name that might be a bit topical is tjx. i say it's topical because one of the things they have going for them is they're taking significant market share at a time when

on the numbers, oracle shares took a big hit. >>> and the other miss, fed-ex, the company reported weakness in international market as well as customers choosing cheaper options. >>> with us now, more analysis of the fed decision and on the outlook for the economy in light of those numbers. chief economist at gold mab sachs. between those following the accident- that there are still downside to the economy. do you think that policy has made the right move today? >> i think so. i think, in general, the moves that we've seen over the past six months have been quite helpful. the further move in the direction of trying to get the economy back onto a stronger trajectory for the labor market, more rapid labor market improvement and i think the message from what they did today is, you know, for the time being, stay the course. of course, he's not willing to commit what, you know, what's going to happen in the future as far as the quantity of easing programs are concerned. guns, there's still quite a lot of uncertainty about how long that's going to continue for. but our expectation is that it's st