Online withing gains as well. Let us get you up to speed with what the president said. We have always said that we never bow down in front of everyone. Front ofneel down in our god. My dear citizens, i salute you. Becamewe became one, we good, lively and brothers. And we worked on different fronts. You saw how the government was attacked. Against all of these, my nation stood tall. Here and abroad, you exploded the. Yousef let us get you up to speed with the other stories. In the u. S. , donald trump has complained that the decision to not labeled china a currency manipulator is the result of receiving beijings help in reining in north korea. The president s First Response to the north korean failed Ballistic Missile test. Donald has reversed now a promise he made during the election campaign. Chinas growth accelerated for a Second Straight Quarter as investment picked up in retail sales. And investment4 grew 9 . March retail sales expanded by 11 . With industrial output up 11. 6 . Sur
Bit of a reversal as they try to figure out what comes next. A lot of people saying this is not a floor but a temporary reprieve. Was talking to david westin earlier about the idea of Financial Markets with a bounce today but i do not know if the political markets have a bounce. You see the Jeremy Corbyn conference. By no means do i feel and all clear. Francine when you speak to traders and market participants, it is very clear that they believe Central Banks will once again step in and that is why we are seeing a little bit of a bounce. Tom can i say quickly how cool it is to have Alan Greenspan one day and mervyn king the next . We are honored. Francine but get to the bloomberg first word news. British Prime Minister David Cameron meets with his fellow European Union leaders today for the First Time Since last weeks vote to leave the eu. He will be pressed on how he expects the u. S. To trigger article 50. Ruled himself has out of the race to succeed cameron as Prime Minister. He was
And they will handicap his odds. Meanwhile there are reports today that donald trump is urging supporters to intensify the criticism of the judge overseeing his Trump University case as he himself seems to be softening his language, regarding the judges mexican heritage. Now he says, ethnicity doesnt matter but the judge is still biased. Watch. I dont care if the judge is mexican or not. I am going to do great with the mexican people because i provide jobs but i dont care about mexican but were being treated unfairly. Trish will trump put it behind him and focus his aim at hillary . Get this, New York Times reporter asking Bernie Sanders if it is sexist for him to keep running for president because it could, quote, get in the way of what could be the first female president . Let me repeat, this from a New York Times reporter. I mean is this what happens when the liberal media meets Political Correctness . Your favorite media critic howard kurtz is here. First, lets get back to californ
Delivered. Nicole we are waiting for a live statement from Boris Johnson outside his home in london. I am lauren simonetti. Nicole i am nicole pedallides. Global markets in major selloff mode. Lets check stock market futures, dow futures down 436 points well off of earlier lows overnight where we were down over 700 points. Lauren european markets open sharply lower, the ftse in london is down 5 , the dax in germany down 7 . A steep selloff in europe. It is noting the dax and the cac have been down 10 . Looking at asia, the nikkei in particular in japan down 8 . Shanghai composite in china 1. 3 losses and hong kong and hang saying for print. Korea, cosby 3 of the downside. Nicole the market reaction, oil prices sinking 4 down 2. 14 trading just under 48 a barrel. The worry is a slowdown in Global Growth and then the safe haven of gold rallying, gold prices up 4. 5 to 1318 an ounce. Lauren the british pound sticking to its lowest level since 1985. Also the selloff was the biggest ever on
Threat. Well take you live to the white house as well. David maybe a little politics involved in that. Get back to the markets. Dow bouncing back from fridays 400 point drop. Dropped by proctor gamble, cocacola and you cant forget about the fed. Oil following stocks higher. Phil flynn, fox business contributor has the story from the cme. Ashley webster on the floor of the new york stock exchange. Ashley, was it all fed talk that did it . Pretty much, david. Best news they enter black out period where they cant say anything from september 21st when they start to meet next when they come out from the decision. We dont want to hear from them anymore. Certainly traders here on the floor have been tearing their hair out over the fed for years. Now they say they have no credibility. Certainly markets are paying attention, up 239 on the dow. Look at intraday here. This is the s p finishing up 1 1 2 , but as you mentioned losing 400 points on the dow, last friday and perhaps one of the biggest