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Bernanke: There is Scope for Further Action By the Fed

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    Stocks now: Bernanke impacting afternoon markets

  • Duration 1:06
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-- Right now top of the hour breaking news Ben Bernanke in a letter to the White House now.

Says there's scope for further action by the Fed to ease financial conditions.

And strengthen recovery.

Here's how the markets are reacting suddenly -- -- Dallas gone around and it's up sixty and that's why we're gonna Lawrence -- that enough for the New York Stock Exchange Lauren.

Can't really expect this to be -- -- quiet and slow Friday here on Wall Street and it is if you look at the volume but the news coming out is really phenomenal we have this letter to the house by the Fed Chairman and maybe we will see you need three after all of course we have Jackson hall.

One week from today when the European markets closed we saw a headline from Reuters -- the ECB possibly by intervening in the bond market so all of this has really moved or stock markets are now for the first time.

All week we do have green arrows across the board Dow NASDAQ S&P 500.

Lower for the week for the first time -- essentially six weeks but up on the day and I they look at the big board guys everything is up.

Gold is down today which is astonishing considering had a nice run the dollar is up as well and the Vicks index is down back to you.

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