20 of stocks in bear market territory. 2. 5 trillion lost you have heard it all. Now i just have to keep in front of you that much of the selling we saw today was deeply related again. Made by clueless Money Managers who expect things remain calm as they had for ages. In the end, we rebounded today dow rallying 330 points and 800 points from enter day bottom we rallied late in the day bargain hunters stepped in to save it for the bulls. How will things play out going further . Lets go to the game plan next week to find out this is really important and i am going to keep my eye on funds. To see if the madness continues. These funds led the market down today and when they started to rebound, they took the market with them as much as i hate them they are useless and they are totally and completely utterly in charge and do not let anyone tell you ourselves the market insane reaction was field by reactors who made big bets and did it with borrowed money. Brokers demanded they meet more capi
Is here to explain chris harvey is our guest. Just when you thought it was stave to go back into the market the market taking investars on ride again it surged 400 points but the last few minutes a different story, stocks getting crushed losing 300 points in 15 minutes of trading the cause, potentially higher rates. Folks, it looks like we are going to need a bigger boat, or a bigger bank account. The ten year yield surging past 2. 85 . Which weighed heavily on the market today with 1,000point swings in a matter of moments, the type of volatility we have not seen in years. Guy adami . Yes, sir. The longer this goes on, mom and pop are going to read about it on the cover of u. S. A. Today. Should they feel safe getting into this market safety you are implying that volatility makes the market less safe. It just makes the market more volatile i think in terms of safety, stocks are a Collateral Damage of whats going on the stock market is intact whats not intact is that the volatility is b
Future. Now becky quick. It was almost unimaginable, major inste city tuitions up tumbling like dominoes. Unemployment skyrocketing. The financial collapse of 2008. This week harks the 5th anniversary of the dodd frank financial rereform act built to keep it from happening again. Are consumerers safer and better off after the landmark legislation . Thats the cover story this week. Because of of the law the American People will never again be asked to foot the bill for wall streets mistakes. Five years ago this week president obama signed the dodd frank act. Thats a law designed to increase regulation on banks and Securities Trading to prevent another financial melt down like the crisis of 2008. One of the main provisions, the government could break up banks considered too big to fail. And the rule which prohibiting banks from owner, investing or sponsoring hedge funds or oh private equity funds for profit. The law created the Consumer Financial Protection Bureau but it faces criticism
Government crisis. Lets get a check of how u. S. Markets are trading thanks to with julie hyman. We are getting in my skin Interest Rate decision this hour. Julie it seems the central bank of mexico has raised rates in mexico by 25 basis points. That is at least something of a surprise. 19 out of the 32 economists in our survey were expecting the bank to remain at 6. 5 . Instead, we got that 25 basis point increase in rates care. We are looking at how the peso has done since the u. S. Election. It looks like it might be extending losses in todays session. Why dont we call it up on the bloomberg, and take a look at what is happening at this moment. Look at my bloomberg here. We are seeing a little bit of a leg lower in the u. S. Dollar versus the peso. That is how it is priced here. We already had been seen a down fort of a come the u. S. Dollar as the u. S. Government gave formal notice of a renegotiation of nafta, which will occur, present become over the next couple of months. A litt
Government crisis. Lets get a check of how u. S. Markets are trading thanks to with julie hyman. We are getting in my skin Interest Rate decision this hour. Julie it seems the central bank of mexico has raised rates in mexico by 25 basis points. That is at least something of a surprise. 19 out of the 32 economists in our survey were expecting the bank to remain at 6. 5 . Instead, we got that 25 basis point increase in rates care. We are looking at how the peso has done since the u. S. Election. It looks like it might be extending losses in todays session. Why dont we call it up on the bloomberg, and take a look at what is happening at this moment. Look at my bloomberg here. We are seeing a little bit of a leg lower in the u. S. Dollar versus the peso. That is how it is priced here. We already had been seen a down fort of a come the u. S. Dollar as the u. S. Government gave formal notice of a renegotiation of nafta, which will occur, present become over the next couple of months. A litt