Hurricane Sandy Sights and Sounds
Oct. 29 (Bloomberg) -- New York and New Jersey prepare and respond to Hurricane Sandy, the Atlantic Ocean’s biggest-ever tropical storm. The storm, 900 miles wide, prompted warnings of life-threatening surges from Virginia to Massachusetts, emptied the streets of the nation’s largest cities, paralyzed mass-transit systems and lashed the East Coast with gales, rain and even snow. It shut the federal government and state administrations, and prevented U.S. stock markets from opening for two days. (Source: Bloomberg)
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Is the Bond Market Calling the Fed's Rate Bluff?
31:32 - Bond traders are calling the Fed's bluff. For weeks now, everyone from Janet Yellen to Fed newcomer Patrick Harker has been trying to jawbone investors into believing an interest-rate increase in March is on the table. That the meeting is “live.” Yet try as they might, the bond market seems unconvinced there’s much behind the tough talk. Bloomberg's Brian Chappatta has more on "Bloomberg Markets." (Source: Bloomberg)