The russell 2000 down 11 with the small caps since the watermark on july 31st. It has people wondering with the small caps and industrials down, is that a worse sign to come . Germany is in recession. China is slow there. Maybe we shouldnt be surprised. The fascinating thing is people are writing articles that we could be in the First Quarter of the slowdown. Not negative, but a slowdown. It would be one of the things where it happened gradually and all at once. The indicators are not saying that. Correct. We are hearing more and more people and it is depressing with the former fed guys, the smart ones we had on. Daniel. That narrows it down. Saying the biggest problem the fed has is they dont have a crystal ball. We know that. We need to remember that. If you are looking at three months or six months ago and making policy decisions, they will not be at that rate. I dont know what is better. Maybe some rules based regardless of what your gut is feeling. Sometimes that doesnt always wor
Passes a short term funding bill bitcoin is cratering this morning and its the final session before a threeday weekend. Look for news dumps, europe is mixed and durable and consumer income a slight miss more data come in an an hour bitcoin down for first week since 2013 as Goldman Sachs throws its hat into the crypto ring. Shutdown avoided in washington for now waiting for President Trump and go live to d. C. For the latest. Eric schmit stepping down for his role as executive chairman at alphabet. What that means for the company. Bitcoin is the lead today extending this weeks bearish run hitting a record high on sunday the crypto currency tumbled sharply in asia and wiping out a fourth of the market value in a 24hour span 12. 5 is the price people are looking at for the week youre looking at 30 drawdown as our friend josh brown stepped in. Doesnt get you back to thanksgiving it was about 8,000 when it really started to lift off in late november, early december. Should have had so many
Combinator and indiegogo are here. Investors are loving linkedin right now, saying the fullyear revenue will be higher than analysts estimate. Also linkedin said secondquarter sales jumped 33 and it has reached 380 million users. 10 million of those users are in china. Jeff weiner, the ceo saying this is the second largest market for new sign ups behind the united states. Joining me now is neil and also paul sweeney from Bloomberg Intelligence who covers linkedin. And we have steve from mountain view. I want to start with neil, though. What do you think of the significance of these china numbers . Facebook and twitter are blocked, but has linkedin cracked the china market . Guest they are one of the few u. S. Internet companies that can actually operate in china. Last quarter they had about 6 million users. Now they have 10 million users they are growing rapidly. Theres a huge opportunity for linkedin to expand its market by being able to operate in china. Emily paul, what are the numb
Santoli. Carl has the morning off. We begin with our coverage of Hurricane Harvey, which continues to wreak havoc on texas and louisiana. The houston area alone receiving 20 inches of rain already with more to come the president is set to travel to texas tomorrow. We have Team Coverage for you. Jackie deangelis is live in Corpus Christi, angie lasman monitoring the storm track at hq jackie, over to you first for an update. Reporter hi, there, sara it appears, at least for the moment, that the weather has calmed here and some of the dust is settling, but now there are a lot of questions with houston under water how Corpus Christi is going to get back on its feet, get power restored, get the plumbing going again some of these coastal towns were really hard hit over the weekend. We were in rockport. We spoke to some folks who were speaking to the solidarity of the texans and praying for those in houston, but we spoke to some who said we need help and we need it now. I dont think so. This
Shares of dow component nike rallying today after the company said it expected sales growth to be in the high Single Digits over the next five years the Company Holding its investor day investors are liking it so far so far. And mark parker will be joining us in a rare and exclusive interview to discuss more about his plans for growing revenue for the sportswear giant. Its the best performer in the dow components today President Trump said earlier this afternoon the u. S. Desperately needs tax cuts well talk about that and more, Congress Secretary wilbur ross will be here post nine joining us exclusively coming up in a little bit good lineup of guests. We have a good lineup today. Lets get to the top story. The market selloff continuing today. The major averages off the low right now but the dow was on track for the worst day since early september. Lets bring bob in here look whats driving the move lower today. Hello william finally volume and volatility and we should have it because w