Quickly. And staying strong. The worlds top iron ore prices are among the highest out of china. Shery lets get you started with another check of how markets are trading at the moment. Futures underu. S. Pressure as stocks fell to the lowest level in two weeks. We are seeing it down 0. 7 . Than 2 ,00 lost more same for the dow and the nasdaq. The dow losing more than 700 points. We had the sharp increase in virus cases, adding to economic anxiety. So risk off positioning was very strong last week. We did get positive data over the weekend, signs that the chinese economy is continuing to recover and profits rebounding in may for the First Time Since november. Take a look at what oil is doing because it continues to fall. Actually, we saw a second week of declines, the second weekly decline since april. We continue to have these lower prices after a cautious rebound, now headed towards 37 a barrel for wti. We also had chesapeake filing for bankruptcy in the u. S. , one of the biggest vict
Reporting from durham, North Carolina. Boy, that really is, a huge snapback rally in the market today. Even with that, we do still have fears about the coronavirus slowing travel down around the country and we are broadcasting live today from a hotel, unscripted hotel in durham where we will take a look at the Business Impact of the virus in america. One day before this state becomes one of 14 to hold a president ial primary in what is known as super tuesday. We have a lot of politics. A whole lot coming up this hour as our swing state economy series continues here from North Carolina. Were waiting on the president. President trump is getting set to leave the white house to head our way as a Campaign Rally tonight in charlotte. Well bring you a any comments if he speaks to reporters on his way out on the south lawn. Edward lawrence own the north lawn of the white house. Well get in edward. Kristina partsinevelos on floor of new york stock exchange. Phil flynn from chicago on cme. But c
Congress. Two democrats joined republicans in rejecting th articles while a third Democrat Cast his vote against the obstruction charge. Also this week, seven democratic president ial hopefuls headedto california for a dete at Loyola Marymount university in los angeles. This time, it mayor Pete Buttigieg on the defensive clashing with senator warren over a rarecent fund iser held in napa valley. With me now is senior Political Writer for the San Francisco chronicle, joe garafoli and l. A. Times political reporter melanie mason. Angeles. S us by skype from los welcomto you both. Thank you. Thanks for having me. Great tohave you both here. Joe, i want to start with you and were going to do a bit of a mea culphere. Am i crazy, it almost feels like there was not an impeachment of pra ident thick week. I felt the same way. We saw the adnes, president impeached. Part of that, you know, is the historical import, of couron, of three president s to ever be impeached and at the same time, we kne
Many many markets in a decade but it falls short. , saudier the attack arabia attempt to move beyond the worst oil shortage of bloomberghe ceo tells will be back online soon. Ofas i said, by the end september, we will be a capacity. Manus it is daybreak europe. We had an irruption in overnight funding. We touched on it yesterday, nejra. Up she went, double bang. Back inpean market came and quelled the market. Was it all to do in paying taxes are paying the auction, or is there a tightness in the dollar market that we are underestimating . But is the debate. Nejra absolutely. This is crazy, was one quote from one of the traders on wall street. It also raises questions about the fed meeting today. The timing couldnt be worse. They are likely to be asked questions about it in the News Conference. On fxs the interest reserves and whether we will see some Balance Sheet expansion to do with this, because we also saw the fed fund rate being pushed toward the higherend. Manus yes, one analyst
Ipo again. And what is the deal with netflix . Picking up a new sitcom to take on an old sitcom. Tuesday, september 17. Thats what it is today. You are watching Worldwide Exchange. It begins right now. Good morning. Welcome to Worldwide Exchange. Im in for brian this morning. Indicating the dow will open lower after snapping an eightday win streak you can see the dow jones is off by 27 the s p by 2 one bright spot, the Energy Sector that coming off its best day since january as we saw oil soar bond market showing some signs of activity. That 10year note yield dropping 2. 2 lets go worldwide in the asian trade. We did see movement here in japan. We are up flat but the hang seng up in the european trade, we are seeing a little bit of that with the dax off. And the cac by about. 02 as well following an attack on the two biggest Oil Facilities reporting that american intelligence says the strikes originated from tehran as President Trump says he is in no way ready to jump to a military res