Agenda including immigration and trade. The president will deliver his first state of the Union Address. The theme of the address is building a safe, strong and proud america, which is exactly what the president has work to do during his first year in office. To get ahead of what the president will say in his remarks, but it will obviously be must watch tv. Maria will have full coverage and analysis of the state of union taking the podium at 9 00 p. M. Eastern time. Previewing and analyzing beforeandafter. Does making Major Investments here to the tax reform package. Exxonmobil yesterday announcing it will spend more than 50 billion in the u. S. A. To ask at its business. Good news for the American Economy for nancy pelosi insisting that threats to the economy of the darkest cloud. Republicans firing back through real hard about coming out. The momentum down today down 167 points concerning this morning over Rising Interest Rates weigh on investors. The 10 year treasury yielded to. 69
Good morning, everybody. We have got, right here. I maria bartiromo. Top stories right now 6 00 a. M. On the east coast. Markets are off to an ugly beginning of the week worldwide could take a look at futures right now after the horrible selloff on friday. Words this morning the booming economy will drive Interest Rates higher in spark inflation. Industrial average down 129 points in terms of features one half . The biggest oneday decline for the dow since brexit tumbling nearly 700 points in the s p 500 and nasdaq both down 2 down 665 of 65 on the dow. 145 points lower in the nasdaq. Tenyear treasury yields still climbing up to a fouryear high of 225 . As you see there one of the underlying worries. Of course heres to seeing a typical followthrough from what we saw friday on wall street. 5187 points in the dax index down three quarters of 1 . Markets are mostly lower. Nikkei average down 2. 5 . Janet yellen, officially trying to an end as jay powell prepares for his first as chairman
President s address and the monthly jobs number. We got shares of dr. Pepper and keurig is buying the maker apple continues to move in the opposite direction of the market another report of the iphone weakness as the month heads into the home stretch, s p 500 on track for the best january since 87 busy earnings calendar including results from all, you got the president s address tomorrow night, yellens last meeting as chair of the central bank and the jobs number on friday. 271 is getting peoples attention. There is some theory that yellen is more hawkish on this run. She ought to be hawkish i look for weakness in this economy and i cannot find it consumer is strong and corporate spending i got to tell you, tax reform is working. The more ceos that i speak to or everybody in the Overall Community lets call it the more you realize, there is still not in any way full appreciation and even only a slight of appreciation at this point for what the ramifications are going to be. Many words a
Think that ill look at just like our call centers. The difference this time being it happened to those who are participating very seamlessly. Those who arent already in the market i would tend to agree with you that maybe it gives them a reason for pause. But i think that those who are already in the market see it as the benefit of technology and a seamless experience. I totally agree. I can just see the headlines in the conventional press. But make it very clear. This is not a flash crash of 2010. By no stretch of the imagination is that what this is, at all coming up on 1 00 eastern time. The halt continues here at the nyse. Has been in place since 11 32 a. M. This morning. Getting close to some other events as well as we get into the afternoon. Fed minutes are about an hour away. Art cashin says the question the longer this lasts, at what point do the mutual funds have to price their Net Asset Value at the end of the day. Cashin says the percentage of orders in limbo is growing. We
Buying a ticket on american and hopping on united. The dow has come a little bit off the lows. Down 239 points right now, the nasdaq is down 1. 7 . So no problems at the nasdaq. And yet, the nasdaq is actually down about. 4 more than the dow. Now, of course the dow does trade nasdaq stocks as well. But the point is, it would seem that the data were seeing that the declines are not based on this trading issue, outage, whatever you want to call it, right . May be more global macro. The benchmark tenyear treasury note yielding 2. 2 . And thats actually a 2. 5 move, guys which is not quite double that of the dow. So bonds are moving more obviously overnight in china. This is turning out to be a seminal day for the stock market. We had 1,400 Major Chinese companies suspended in trading. Not for these reasons. Many of them suspending their own shares because the decline. And something i pointed out early this morning, guys, which is this chinas stock market value declined in 30 days has been