The Morning Look
Stock Market Overview: U.S. stock futures are up before Thursday’s open as investors digest the first Fed rate hike since June 2006. Stocks rallied nicely after the Fed meeting because even though the Fed raise rates by a quarter point they still maintain a very dovish (a.k.a #EasyMoney) stance. Gary’s Thoughts: Europe strong…Asia strong…we…
The Closing Look
Stock Market Commentary: As expected, the Federal Reserve raised rates by a quarter point and said they do not plan on raising rates until the data improves. The stock market rallied after the meeting and continues its three day bounce (after last week’s steep decline). Fed Chair Janet Yellen told the media in her post meeting press…
FBN Sees Record Ratings @FoxBusiness
http://www.foxbusiness.com/industries/2015/12/14/fox-business-network-closes-out-2015-as-fastest-growing-cable-channel/?intcmp=marketfeatures
Virgin America CEO: Expect Lower Prices in 2016 @FoxBusiness
https://video.foxbusiness.com/v/4663627360001/virgin-america-ceo-expect-lower-ticket-prices-in-2016-/?intcmp=marketfeatures#sp=show-clips
Golden State Fuels Record NBA ‘League Pass’ Growth @FoxBusiness
http://www.foxbusiness.com/industries/2015/12/16/golden-state-fuels-record-nba-league-pass-growth/?intcmp=marketfeatures
Oil Falls Hard On Wed as U.S. supplies swell, Fed Hikes
http://www.reuters.com/article/us-global-oil-idUSKBN0TZ03P20151216
Russia says serious differences remain with U.S. over Syria crisis
http://www.reuters.com/article/us-mideast-crisis-russia-usa-idUSKBN0TX23O20151216
How the U.S. auditing watchdog was defanged
http://www.reuters.com/investigates/special-report/usa-accounting-PCAOB/
Required Reading Of The Day
Fed hikes rates with caution U.S. housing data signals economic strength; manufacturing weak 2:41pm EST Hung jury declared in Baltimore police officer’s trial3:24pm EST Obama administration authorizes $1.83 billion arms sale to Taiwan 1:19pm EST Rouhani: U.N.’s closure of probe into Iran’s nuclear past is political victory