All three major indicies are in positive territory through the first half of the trading day. Investors seemed at peace with the final revision of Q4 GDP, one that held steady at 2.2%. Despite the modest gains today, the market is still well into the red for the week. Federal Reserve chair Janet Yellen is expected to speak at the San Francisco Fed today at 3:45. Could she move markets right before the close?
The much watched price of crude is giving back some of its gains as tensions ratcheted up in the Middle east this week. WTI futures shed 3% and are back below $50 a barrel.
Here are some other stories Yahoo Finance is keeping an eye on today.
Big banks may not back Dems
Reuters is reporting that several of Wall Street's biggest banks are not happy about pressure from Democrats in Congress to further regulate them. According to sources close to such conversations, the firms are considering a concerted effort to pull funding for Democratic campaigns. Vocal member of the Senate Committee on Banking, Housing, & Urban Affairs, Sen. Elizabeth Warren (D-Mass) is coming under particular fire for her efforts to enact more rules, limiting those big banks.
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Lufthansa liability
Authorities continue to investigate the tragic crash of a Germanwings airplane in the French Alps earlier this week. The latest news out of the probe is that co-pilot Andreas Lubitz, who prosecutors believe crashed the plane on purpose, had some sort of "medical issue" that may or may not have impacted his ability to fly. What sort of impact might this have on parent company Lufthansa? Could it at the very least shutter their Germanwings subsidiary?
Give it away now
You can now count Apple's Tim Cook as the latest CEO to announce he's giving away all his money. Cook told Fortune magazine that once he pays his young nephew's college education, he'll donate all he has to charity. Right now that is estimated to be about $785 million.
