Forth. Look at oil, brent down and look at west texas, down. Major historic lows on a 2 slide in oil. Theres the euro dollar trade. The euro and the dollar inching ever closer though the year row is euro rowe is up. Sara iverson is in. Hi sara. Hi. The british, german and french markets all up nicely. Lets bring in bob pisani. Whats up . Normally we have that kneejerk reaction. Thats not happening today. Lets take a look at the s p 500. This is pretty strong rally that weve seen. It helps to have euro weaker euro strongering dollar weaker. This is one of the rare days. Thats helping here in the United States. We take a look at europe though. That kneejerk reaction. Youd think theyd sell off europe. Another high for germany. That didnt really happen. Obviously when you have q. E. Occurring that trumps everything. As for the stocks here in the United States, look at the dow movers slightly the expensive tone. Youve got United Health and stocks leading overall. Still pretty good. Far more
Interest rates unchanged at its final policy meeting of the year. Last month, though, policymakers surprised the markets with a cut in the Interest Rate to a record low of 0. 25 . Well check in with Ross Westgate in just a few minutes. The dow and the s p are now on a fourday losing streak. This morning, futures are around the flat line. Down by about 2. 5 points for the dow, down by 0. 5 for the s p and the nasdaq is up by 4 points. November samestore sales will be coming in throughout the morning. Coscos comps rose by 2 during the month. That was short of what the street had been expecting. You had lower gasoline prices and weak foreign currencies. Both of those ended up hurting results. Aeropostale is reported a much bigger than expected loss for the faurourth quarter. Also take a look at apparel retailer guess. It is cutting its full year revenue forecast. The company says it expects a bigger fall in european sales in the Holiday Shopping quarter. Joe. So you showed that we showed
Midaugust swoon on wall street t. Dow posting the lowest decline since june. All time high set two weeks ago. Bob, what did you make of todays selloff, bob . Well, it was the worgst in six weeks for the dow. Worse than actually two months i believe for the dow. Im still settling down here. The important thing is, look, bottom line, it was right across the board, risk reduction. We saw consumer stocks. Everything was down 1. 5 to 2 . Look at the dow, after 10 00, we essentially flatlined around 10 00. We ended near the lows for the day. Heres the two headlines we have been talking about all day, whats fair value for the ten year in neb knows. Thats the biggest single issue down here. If you tell me the answer to that, ill tell you where thing will be going. We are not talking the growth. Cisco, macys, walmart throwing that Earnings Growth picture into some kind of doubt t. Result is that risk reduction. I would note moderate volume throughout the day. How about the bellwhether blues, th