I am brian sullivan. And we come into the month on a sixmonth win streak for the dow. But thats not how this month is starting. Heres a look at how your money looks right now. The dow down a lot, not a lot 47 points, given what is going on with oil, tyler, it is no surprise that chevron and exxon are two worst performers in the dow. Much more coming up. Oil a big story today, brian, as you point out. Welcome everybody. Im tyler mathisen. Heres what else is happening this hour in your financial world. Crude oil falling below 40 a barrel for the First Time Since april. Oversupply and economic worries continue to pressure crude. Its down more than 20 from junes 2016 highs. And the gaming slump continues in macau. The chinese territory reported its 26th consecutive month of declining gambling revenue in july. The slide has impacted u. S. Companies that operate over in macau, like las vegas sans and wynn resorts. And googles next goal, searching for cures for disease. Googles parent alphabe
Brent and fed dissent. We look ahead to the last quarter of 2016. What will the winter bring . Caroline, lets take you to the adr action overnight. You can see the trade overnight coming into europe this morning. This is the deutsche adr. This is european trade. This is after european trade. You can see the story surrounding the fact that some hedge funds are withdrawing some to deutscheosure bank. The stock took it very, very hard. You have to wonder whether liquidity is really the issue here. Commerzbank clearly in focus for you as well. Caroline it is. Speaking to the cfo. We will be first in there with the interview. Have they done enough . 1800 jobs to go, that they are still potentially not cutting costs as much as analysts wanted. In the eye of the storm, dragged lower by Deutsche Bank today. About 3 lower. Time to consider whether germany and when thed department of justice can make transparency clear for Deutsche Bank, barclays, and some of the other players who have yet to he
Nasdaq up 48 points. 1. 25 higher. S p 500 tonight up 14. 5 points. Nearly 1 at 1795. The dow closing above 16,000 for the first time ever. Bob pisani, how high is up here . We just keep going up. Ill tell you whats a little bit annoying. We had lousy economic number this morning on the philly fed. Yet the market kept moving up. In fact, it went up on that number. 10 00 we had philly fed greatly disappointing. Stocks rallied. Bond market dropped. You all know why. You know the story here. The federal reserve, reducing the possibility of tapering. Look at the 10year. Thats what matters in these kind of economic matters. Theres the vote. Right at 10 00. Boom. Yields moved down. Of course, the market moved to the upside. You think the economy was roaring here because all the old cyclical groups had a great day. Financials, technology, energy, materials all were market leaders. What was the laggards . Telco. Consumer, utility stocks, health care stocks. All the more defensive names lagged
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