Today, stocks continuing to sell off. Interest rates continuing to rise well talk about it with the twin cities own john and pete najari najarian were going to get to apple in a minute because its a significant story today. Its so great to be here at the site of the super bowl the dow is down just about 400 points now, pete if you are looking for apple to save you, it didnt happen its not happening and i think the issue is the velocity of the move in the tenyear. The fact that has picked up to the point that its been really pressuring the markets at first, it didnt seem that bad. Down about a kouchl couple of h, but its continued to accelerate to the downside. It gives us the statement that hey, look, were getting through this earnings season last night, apple was up 5 in the aftermarket and now apple and the rest of the market getting pushed to the downside its the nasdaq, the s p, its everything right now p josh, is this really all about rates . Does this conversation begin and end w
Meeting. Policy announcement coming up at 2 00. In global news chinese stocks rallying overnight. This morning snapping the threeday losing streak. The shanghai composite closing up 3. 5 . Big growth. In europe greeces stock market will not be reopened today as some had expected. The exchange is waiting for an okay from the ecb and government decree. Thats 6 or 700 points. Huge. Stocks to watch this morning, twitter earnings and revenue are both above estimates but it was the Monthly Average user number and it grew at its slowest pace since it was public and that is accounting for a pretty substantial selloff today. 32. I dont know the last time it was there. Jack dorsey this weird beard, calls this unacceptable. Have you seen the beard hes sporting . I have. Its like does the not pass by mirrors . People dont talk. He has a lot of yes people. Yeah it looks good. Yeah, it looks good. I like that egg yolk. Right here. More of his comments and reaction from analysts in just a few minutes
Long and nobodys ever seen this much water. Historic, after what happened, but it happened in texas and texas can handle anything. Trade to residents in the houston area but they welcomed flight. The sun finally rising go viral. Harvey continues to have an impact on the energy area. Reuters reporting the largest refinery in the United States shutting down due to the storm. This disruption could have a major toll on gasoline prices as they head to the holiday weekend. Right now one fifth of all u. S. Refining capacity is shut down and gasoline prices already a. Gasoline prices of 20 cents a gallon continued to rise. Features in the stock market are showing gains across the board on the dow futures after a nice reversal of the market yesterday. Blue chip of about 57 points in trading tuesday. The psyche of reading a secondquarter domestic product, our biggest reading on the economy divided it to the event eastern time could expect them to. 7 growth. Investors eyeing President Trump on ta
Did you spell Bed Bath Beyond wrong did you spell it ben the first time i wrote it. You say im a stickler for detail then they think i did this im like getting flack for something that you can you take it down ill talk to my people. U. S. Equity futures at this hour lets show you whats going on now. The dow looking like it would open up higher, 32 points higher nasdaq opening about 16 1 2 points higher. S p 500 looking to open a little over 3 points higher lets go over to asia. The nikkei off a bit the hang seng and shanghai are looking up if we fly to europe, we will show you what that picture looks like youre seeing green arrows across the board you would be happiest if you were investing in the index there in spain finally wti crude, buying it by the barrel, still over well, still way over 51 coming in on 52. 51. 74. Here are the big stories were watching our top corporate story. Shares of nike lower this morning. The Worlds Largest sports wear brand reporting a 24 drop in quarterly
Asiapacific and next. Treasuries not trading right now with japan closed and the bloomberg dollar index pretty much recovering from the losses yesterday. That is the big picture. Heres the aussie dollar. We are down. 2 at the moment, retaildown after the news. Than 1. 4 , orre of 1. 4 made sterling hit a multiweek low. This is a bit more of a technical chart showing cable below the 100 Day Moving Average the trend lines converging. That is some thing to keep an eye on with sterling. Finally showing you bitcoin and its breakneck rally. 7244. Now above manus is now the time for tax cuts . Comments came as the republicans released details of their tax overhaul plan. The Federal Reserve has to again extract us from the extraordinary measures that were is what people are quite obsessed about. I think that is going to occur and i dont think that is dangerous. We have to prepare for a cycle where rates rights. It is a long time. Interest rates have been low. Inflation has been low. Money arou