TheStreet Live

Stocks moved lower as a relief rally over the Federal Reserve's patience on raising interest rates ran out of steam. That rally had pushed the Nasdaq to close at records for two straight days.

Hillary Clinton's tax plan would impose a 65% tax on the largest estates and make it harder for wealthy people to pass appreciated assets to their heirs without paying taxes. In all, the Democrat presidential candidates plan would increase taxes by $1.5 trillion over the next decade. She says it would generate $260 billion over the next decade. Facebook ( ) was found to have overestimated a key video metric for two years. The Wall Street Journal says the tech giant overestimated the video view time by 80% in some cases. Big ad buyers and marketers are upset. Facebook says it's corrected the error. Crude oil prices are slipping after two strong days. Caution is taking over ahead of a gathering of OPEC ministers next week in Algeria. There are also looming supply additions from Nigeria and Libya.

The U.S. Central Bank kept the benchmark interest rate unchanged but hinted a rate hike is in the cards for December. Global markets are responding positively with rallies around the world. Janus Capital's Bill Gross calls the Fed's decision 'confusing' and says after the announcement he was quote 'verklempt' and almost unable to speak. Nike ( ) will update investors and potential investors on its business today. The sports apparel company is holding its annual meeting. Nike shares are down 6% so far this year after a strong 2015. Yahoo! ( ) is expected to confirm today a massive data breach over the summer that could impact hundreds of millions of users. Recode says their sources were unspecific about the extend of the hack since there is the likelihood of government investigations and legal action related to the breach. But they do indicate it is widespread and serious.

The Bank of Japan introduces a zero percent interest-rate target for 10 year government bonds to step up its fight against deflation. The move is unprecedented and a whole new game for financial policy in the country. The Japanese 10 year bond briefly emerged out of negative territory after the announcement. The BOJ policy overhaul comes ahead of the Federal Reserve wrapping up its meeting with a decision on interest rates to be announced this afternoon. Another CEO is on the hot seat in Congress today. Mylan Pharmaceutials Chief Executive Heather Bresch will go before a House Committee to answer questions about the outrage over price hikes for the Epipen. In prepared testimony, Bresch will say it's not true the company makes big profits off its lifesaving allergy treatment. Bresch says Mylan makes about $50 from each pen after rebates, fees and other costs are deducted. Samsung says the new Galaxy Note 7 will be available in U.S. stores starting today. The phone replace about a million devices that are being recalled because the batteries can catch fire.

U.S. stocks rose Wednesday ahead of the Federal Reserve's statement and press conference. The Federal Reserve isn't expected to announce a rate hike. Though investors are grappling with policy changes announced Wednesday from the Bank of Japan. While interest rates were left unchanged in negative territory, the central bank set a new 0% target for its 10-year government bond yields - a veiled signal that more stimulus is coming. Microsoft shares were on the rise after announcing plans to purchase $40 billion worth of its own stock - that's 9% of its total shares. The technology giant also said it will raise its dividend to $0.39 a share per quarter - up from $0.36. Adobe shares gained 4% after reporting better-than-expected earnings on both the top and bottom lines. Revenue rose 20% year-over-year to $1.46 billion, beating estimates of $1.36 billion. TheStreet's Scott Gamm reports from Wall Street.

The head of Wells Fargo says he is 'deeply sorry' for selling customers unauthorized bank accounts and credit cards. CEO John Stumpf prepared testimony to a Congressional Committee also says he will take 'full responsbility' for the unethical activity. Some shareholders and customers are calling for Stumpf to be fired but so far he has resisted those calls to resign. The other big story today is Central Banks. The U.S. Federal Reserve begins a 2 day meeting today, where it is widely expected they will not raise interest rates. The official announcement will come Wednesday afternoon. The Bank of Japan is also weighing a policy change on interest rates and that announcement will reach investors after the markets close Wednesday in Tokyo. Seaworld ( ) shares are diving overnight as the company suspended it quarterly dividend. The company is trying to preserve cash as it's seen fewer visitors in recent years after the documentary 'Blackfish' alleged it mistreated Orca whales.

U.S. stocks gained steam on Tuesday, as the Federal Reserve's September meeting began. Its rate hike decision won't be released until Wednesday afternoon.

U.S. stocks kicked off the trading week higher on Monday as oil prices gained over 1%. Crude rallied amid hopes of a production freeze among the world's biggest oil producers, something the president of Venezuela hinted at, according to news reports. Though OPEC's Secretary General said next week's OPEC meeting was an informal one and not meant for making decisions. Either way, Josh Mahony, a market analyst with IG Markets, based in London, doesn't see oil prices moving above $50 even if a deal is reached.

5 people have been taken into custody near the Verrazano bridge in New York city and are reportedly being questioned about the weekend bombings in Manhattan and New Jersey. Another explosion happened overnight in Elizabeth, New Jersey when a pipe bomb was detonated by a police robot. Over the weekend, a bomb exploded in a garbage can in New Jersey and another bomb exploded in the Chelsea neighborhood of Manhattan. The much-ballyhooed meeting of the Federal Reserve is finally here-almost. It happens Tuesday and Wednesday this week. Most economists don't believe any interest rate hike will come from this week's meeting as the election is too close and the economy is still shaky. HBO and FX are sharing the Emmy glow today. The People v. O.J. Simpson, a limited series on FX, was the most celebrates program of the year at the annual Emmy awards ceremony. HBO's 'Game of Thrones' made history with 3 wins. It's now won 38 Emmy's surpassing the previous record held by 'Frazier'.

Apple ( ) says all colors of the iPhone 7 plus model are sold out and the jet black 7 is sold out. The new phones go on sales in stores today and people have been lining up outside stores, waiting for the doors to open. But supplies will be severely limited. For the first time since Apple was added to the 30 stocks that make up the Dow Jones Industrial Average, it has turned positive. The Department of Justice wants Deutsche Bank ( ) to pay $14 billion for its role in the mortgage crisis. The toxic mortgages at the heart of the fine were issued between 2005 and 2007. Deutsche Bank says the huge sum is likely just the opening move in an negotiation. NFL fans were mostly happy with Twitter's ( ) debut of a live streaming NFL football game. Some say there was too much 'buffering' and the Twitter feed lagged behind the television broadcast.