Lots of red on wall street today. Like you said, the wall street closed down 318 points. Good enough for a 2 decline. Same measures of decline on the s p 500 and nasdaq composite. Among the hardesthit sectors were the cyclical stock, the stocks that have the most sensitivities to the ups and downs of the Bigger Picture economy. Material stocks, industrial stocks, financial stocks all fell and they fell by over 3. 5 for the week and that helped send one measure of stock market volatility soaring. Thats the vix and rose by 44 this week. Thats the biggest spike in volatility weekly since june of 2010. And investors are also keeping a close eye on two other important parts of the market here. The russell 2000 index has fallen 6 . The dow transportation index has fallen 4 from its record highs and, remember, a 10 downside move is considered to be a correction. So maybe almost halfway there. Of course, youve got those emerging market stocks, like you said, larry, at the heart of the discussi
Hold on. The kudlow report begins right now. Good evening, everyone. Im larry kudlow. This is the kudlow report. President obama and his National Security team continued to make their case for war today, urging members of congress to authorize a military strike against the syrian government. The president and his team warned that if the answer from congress is no that more chemicals and even worse wapz could be used by dictators like syrias assad. Eamon javers joins us live from washington with the details. Good evening. Reporter secretary of state john kerry made the administrations forceful case for military action on syria up on capitol hill today, testifying before his former committee, the committee that he chaired, the Senate Foreign Relations Committee. Kerry said there were a number of reasons to take military action in syria. Among them is that americas potential enemies are paying attention. Take a listen. The world is watching to see not just what we decide, but its watching
BIO of Belgium, CDC of the UK, DEG of Germany and FMO from the Netherlands announce that they will cease to be Lenders to PHC, the operating company of three longstanding palm oil plantations in the DR Congo.