For a bear market after falling 20 from its december highs. The slump in stock markets has extended into currencies. The dollar fell to a 10month low. The currency dropped as much as 1 10 of 1 against the greenback. Hong kong stocks sank to a year low. Lets take a look at the markets. Hong kong and china, currently closed for lunch, but here is how they were trading. The selloff continues. This is the picture in singapore , tokyo, and mumbai. Im going to be back in a half an hour from now. Time now for you for bloomberg west. Emily you are watching bloomberg west. Iran has released the 10 american sailors they detained after two boats drifted into iranian waters. A decade of sanctions on iran may end on monday. The iaea with a final report. The house approved the republican backed legislation giving Congress Greater oversight of the landmark iran nuclear deal. The vote was 191106. President obama will likely veto the measure. The company sees fourthquarter and 2015 sales of 435 million
Good to have you here. Good to be here. Not so unusual on the first trading day of the year that you would have a reversal of some of the trends you saw last year. Overall stocks were up and now they are down. Individual stocks did very poorly last you and are up today. That is right. Tried to play the counter trade. Time for a big picture. To tell you what is happening right now, we will start with the s p 500. Down about one percent. We were up six percent in 2013. No one wanted to sell them. Today, fine. We put a little bit of the profitability in our park it pocket. This is a surprise. Right now, the yield is 298, about twoyearm high. That is in spite of that her data. Manufacturing, construction, and jobs, all better. It may be the same sort of thing. You take ons down enough and people will buy them. That in turn pushes the yield down. You take hold down far enough and eventually people will buy it. It had the worst year in 12 years. Today, people are buying it. Everything is run
At least 14 have died in the second bomb explosion in volgograd in two days. Terror strikes russia again. Sunday the suicide bomb attack ripped through train station raising security concern for the olympics. Heavy snow in parts of new england. Temperatures below 0 this morning. Health Care Coverage more than one Million People. Numbers fall short of the administrations projection of 3 million by the end of the year. Severe weather conditions forcing the australian ice break tore suspend efforts to reach the ship stranded in ed ined in antarctica. Claims al qaeda was not involved in the 2012 benghazi attack placing blame on the many muslim brother hood. Officials said under oath there was no evidence to the video. Shoeumaker in a coma after a skiing accident. A volcano eruption spews gas and ash. All that San Diego Chargers make it to the playoffs. Intercepted at 40 yard line. Thats the way its going to end. Philadelphia win a playoff baby. All that matters. I used to say he was defect
Today kicks off a Fresh Trading year. In a quick rundown of best the stocks to own in 2012, bank of america was the top gainer in the dow, up more than 100 . Ironically, it was the biggest loser in 2011. Pulte group, a homebuilder stock, surged 195 . Apple also makes the cut despite struggling at the end of the year. The stock was up roughly 27 . Traders are already setting up for the jobs numbers due out this friday. Its expected 135,000 jobs were added and the Unemployment Rate will remain unchanged at 7. 7 . There is the sound of the opening bell on our show for a new trading year. Gary kozlowski of united futures trading joins us, and happy new year to you gary. Happy new year to you. What do you anticipate the january effect will look like this year . We had so many people sitting on the sideline at the end of december this past year. What we are looking at, everybody is antsing, they want to get themselves into this market as soon as possible. They want to see what they can get i
Were canceled today and airlines rushed to make backup plans after regulators around the world grounded boeings 787 dreamliner. Those actions came after the federal Aviation Association ordered the plane out of the air after two incidents where lithium ion batteries overheated. Boeing says it is confident the 787 is safe and says it stands behind the planes overall integrity. This is only the second time in more than 30 years that regulators have grounded a plane. Darren gersh reports. Reporter boeing has spent more than 30 billion developing the 787 dreamliner. One reason for the high cost is boeings decision to upgrade the hydraulics and other mechanical systems with nextgeneration technology that runs on electricity. Youve got generators on board the aircraft that are powering the systems directly with electricity. That, of course, means a lot more juice is flowing through the plane. It also means you need more powerful batteries as backup systems. Reporter investigators from the fe