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Philly Fed Hurts Markets Early

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Description
FBN’s Stuart Varney breaks down the stories moving the markets early in the trading day.
Duration 0:56
Date May 17, 2012

This transcript is automatically generated

The -- of a small sell off but from the white right now the Dow Industrials are down and almost down 27 points at 1205.

Basketball.

Stocks took a -- down on top of the hour in the Philadelphia fed survey came out of the negative rating is no way down from last.

Jobless claims held this morning 370000.

That's still a big number.

We'll have a full -- Freddie Mac thirty year mortgage falls gold find -- three point seven.

Look at the ten year yield yeah it is actually gone up a little bit when I was down about 175.

Can you believe that.

The price of gold up this morning -- -- -- -- 36 dollars buyback is a rebound 1572.

Look at Red Robin.

About the joint weak sales results because not as many customers coming in the dole stocks down big 13%.

-- a big draw.

Ninety seconds we are back.

-- little twist is with us.