Hot zone as soldiers join the battle against the Deadly Wildfires in Washington Stated, we show you the front Line Technology to stop the flames. Plus, Todd Rundgren, singer, songwriter, superstar producer opens up about his extraordinary life of music. We begin with plunging oil prices in new fears of a Global Market crisis. Here the in United States wall street experienced its worst single day in more than a year and a half. Stocks are falling, and so is the price of oil. Whats driving both is chinas economic slowdown. Patty is here with that. Patty. John, this is about fear over the health of Global Economy and what the Federal Reserve will do about Interest Rates. Stocks around the globe were hammered thursday. Here in the u. S. The s p 500, a ga gauge for the health of your 401 k , erased all the gains for a year and the dow jones lost 350 points. It was set overnight in china. The shanghai composite index fell 3. 4 . Now, the recent turmoil in chinas stock market combined with th
South. State run media said leader kim jongun ordered troops stationed along tmz to be ready. Korean news agency said kim called a meeting with the Workers Party of korea. The Commission Approved military operations, if no other options were available. The report said kim ordered troops along the tmz to go into a semiwar state beginning at 5 00 p. M. Local time on friday. It would be the first time in over 20 years for such an order to be given. In 1993 former leader kim jongil ordered leaders to enter a semiwar state in response to a joint u. S. South korea military drill. North korea fired projectiles across tmz. South korea said they fired more than 20 artillery rounds toward the north in response. They said the north korean attack apparently target add loud speaker in the south that has been glaring antipyongyang propaganda. North Korean Military officials then warned they would launch military operations unless south stopped crossborder transmissions by 5 00 p. M. Saturday. They a
From within the ranks. Now he is going to have to face him. ,t is likely this new Party Popular mandate, might take on a unitye from the popular and might have to take a mandate from the president to try to form a coalition government. Not really what alex tsipras had in mind when he called resigned for elections. Anchor thank you for that, reporting from the greek capital. Besides an economic crisis, greece faces a migrant crisis. A Record Number are writing on the shores everyday. It has prompted macedonia to declare a state of emergency. The clashes friday. Police had a standoff with about 3000 trying to cross into the country. The border has become a funneling point for thousands trying to find a better life in europe. 3000strong crowd made several attempts to charge the Macedonian Police at the border who used stun grenades and teargas to push them back. At least eight people were injured in the panic. Some showed their wounds. These people are trying to cross to macedonia from gr
Record books nearly half of the dow 30 are up nearly 25 over the past year. Three of those stocks making investors more than 50 in their money in just 12 months. One of those, United Health, posting another bigly gain on Solid Earnings and President Trump, you may want to hear this. Unh shares now up 511 since the day obamacare was passed wow. Streaming, studying and snacks also on the move today netflix saying it will spend between 7 and 8 billion on new content. Education Company Pearson boosting its profit forecast and corn dog maker sonic beating profit estimates michelle corn dogs youve got to love a corn dog. Im Michelle Caruso cabrera. Heres what else is happening at this hour. Canada and mexico both expected to firmly reject u. S. Nafta proposals but will offer to keep negotiations going thats according to two people who were briefed on their positions. Meetings are set to begin in just about two hours reports indicate President Trump is likely to announce his pick for fed chai
Us. Similar Market Action to friday. Everything was up yesterday by a lot and today, the big to klein. Take a look at the indexes. They are down. I dont want to exaggerate too much. I am going to correct myself as far as ford. Not down 30 . They are down about 5 . Just to correct that. We see drops of more than 1 on u. S. Stocks. 200 50 points. The s p down 1. 5 . Take a look at apple shares. Up at least 2. 5 . Verizon falling. Tmobile comes out and says they are doing great with apple iphone 7 sales, but it doesnt help verizon or the other telecom stocks. The biggest drag is oil. Exxon mobil down. Exxon is the biggest weight. Joe lets talk about government bonds. The action is on the long end of these sovereign debt curve. Of the sovereign debt curve. Yield curve about 1. 7 . That is a continuation of a in the u. S. , but international. German 10 year yields, further into positive territory. You can get paid seven basis points a year to hold German Government debt. I want to go back t