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Dow Jones Industrial Average Today Climbs as Deutsche Bank Bailout Begins

By , Executive Producer, Money Morning

Garrett Baldwin

This morning, the Dow Jones Industrial Average was pushing higher after the German government and financial leaders start to work on a bailout plan for the world's largest bank by assets - Deutsche Bank AG (USA) (NYSE: DB).

Growing concerns in Germany center on the possibility that the bank might not have enough capital to pay its $14 billion settlement to the U.S. government over mortgage-backed securities.

DB stock rose more than 2.2% in pre-market hours.

Today, keep an eye on U.S. Federal Reserve Chair Janet Yellen and European Central Bank head Mario Draghi. Both are expected to talk today about monetary policy and plans for future interest rate movements.

Five other U.S. central bankers will also offer their insight on monetary policy and arguments on whether the Fed should have raised interest rates last week.

At Money Morning, we're focused on helping you find the best stocks to own regardless of what the central bank does with monetary policy. Money Morning Resource Specialist Peter Krauth recommends that you buy these stocks before the markets realize they are immune to an interest rate hike.

Tuesday's Stock Market Numbers:

Dow Jones: 18,228.30; 133.47; 0.74%                                

S&P 500: 2,159.93; 13.83; 0.64%   

Nasdaq: 5,305.71; 48.22; 0.92%

Now let's look at the most important market events and stocks to watch today, plus your economic calendar, for Sept. 28, 2016.

What's Ahead for the Dow Jones Industrial Average Today

The Dow Jones Industrial Average projected a 16-point gain as investors prepared for a roster of Fed speakers to take the stage over the course of today's trading session. Fed Chair Janet Yellen will speak at 10 a.m. about financial regulation.

Trending: Why I Wasn't Surprised by Wells Fargo's Scam

Oil prices were ticking higher after industry data showed a sharp drawdown in U.S. crude inventories. The American Petroleum Institute said that U.S. inventories fell by 752,000 barrels last week, a sharp reversal from the 2.8 million-barrel build expected by analysts.

Yesterday, Iran rejected Saudi Arabia's offer to limit its production output. Money Morning Global Energy Strategist Dr. Kent Moors has said the OPEC meeting was doomed from the start. In fact, Kent argues this week's meeting is about much more than just oil prices. Here's the truth about OPEC's strategy and what the meeting is really about.

The WTI crude oil price today added 1.2%. Meanwhile, the Brent crude oil price added 1.4%.

But the big story today is the ongoing battle between Hillary Clinton and Donald Trump. During Monday night's debate, there were several substantive topics we wished the candidates would have discussed more - most of all, tax policy. That's because right now, "economy and jobs" top all other voter concerns at 32%, according to a CBS/New York Times poll taken between Sept. 9 and Sept. 13. Money Morning dug into both candidates' tax policies and came away with this guide on how each plan impacts your money. Check it out, right here.

Stocks to Watch Today, Sept. 28, 2016

Today's U.S. Economic Calendar (all times EDT)

Up Next: Are you doing everything you can to grow your retirement "nest egg"? You can start today with our top 5 money-making investment reports - they're absolutely free...

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About the Author

Garrett Baldwin is a globally recognized research economist, financial writer, consultant, and political risk analyst with decades of trading experience and degrees in economics, cybersecurity, and business from Johns Hopkins, Purdue, Indiana University, and Northwestern.

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