
Laszlo Birinyi, president of Birinyi Associates, talks with Bloomberg's Matt Miller about the Federal Reserve's emergency benchmark interest rate cut today, the outlook for the U.S. equity market and his investment strategy. The central bank lowered the target overnight lending rate to 3.5 percent from 4.25 percent, the Federal Open Market Committee said in a statement in Washington. Bloomberg's Betty Liu also speaks. (Source: Bloomberg)
