Lets take a look at the numbers there for you. The dow is currently off by 266 points. The s p is down by 41 and the nasdaq, look at that, a 2. 6 drop, 125 points being shed off the nasdaq. All three are now in correction territory. Lets get more on the trading action on the floor of the stock exchange. Its a pretty ugly day, it really feels like the market is having a lot of difficulty finding its footing. A number of different factors at work. You had the weaker close over in europe. You also had the disappointing Industrial Production or industrial profit numbers out of china today. Add to that the weakness, the continued weakness in the commodity space. Oil is down. Hasnt broken through that 44 level but youre also seeing weakness in zinc and copper, et cetera, and gold today. All of that is keeping pressure on the markets. The s p also breaking below that 1900 level. People were watching that. Right now were watching the russell as well below that 1100 number as well. One of the r
Potential to set off a real war between russia and the west in the middle east. Earlier today turkish jets shot down a russian war plane that crossed from turkey into from syria into turkey. Now turkey is backing Syrian Rebels fighting to oust Bashar Al Assad from power. Russia is on the other side of the fight against those rebels. Both fight isil, but neither seems to have made that its priority. 17 seconds, that is all it took for two russian su24 fighter jets to stray 1. 3 miles into turkish air space. One of the two planes slipped back into syria. The other, which had only been in turkish air space for 17 seconds, was shot down by a turkish fighter jet. The russians say it was shot down over syria and not turkey. Whatever the case the pilots in the russian plane share chuted to the ground on the syrian side of the border where Syrian Rebels say they killed them both. Heres why this all matters. Turkey is a member of nato, and turkeys downing of a russian jet today was the first of
Between russia and the west in the middle east. Earlier today turkish jets shot down a russian war plane that crossed from turkey into from syria into turkey. Now turkey is backing Syrian Rebels fighting to oust Bashar Al Assad from power. Russia is on the other side of the fight against those rebels. Both fight isil, but neither seems to have made that its priority. 17 seconds, that is all it took for two russian su24 fighter jets to stray 1. 3 miles into turkish air space. One of the two planes slipped back into syria. The other, which had only been in turkish air space for 17 seconds, was shot down by a turkish fighter jet. The russians say it was shot down over syria and not turkey. Whatever the case the pilots in the russian plane share chuted to the ground on the syrian side of the border where Syrian Rebels say they killed them both. Heres why this all matters. Turkey is a member of nato, and turkeys downing of a russian jet today was the first of its kind in the history of the
We begin with the markets. Take a look at stocks today. Slightly hire. Dow good for 80. The final read on q3 gdp coming up at 2 . Oil also on the rise as we count down the final trading days before the Christmas Holiday and as we look ahead to a 2016 could have in store for investors. Great to have all you guys here. Joe, whats your big thought for the day as we watch the market head towards the end of the year . It seems as though Money Managers are trying to pick up a little extra beta at the end of the year by buying some of the mother laggards that have not performed well, and trying to get a lift of energy. Dont know necessarily if thats going to be the consistent longlasting strategy Going Forward. I think its all about 2016. What are you looking for, and everything that i read and everything that i plan for revolves around show me either Revenue Growth and im interested in buying that equity. As i said, he is the head of jp morgans equity strategy. Nice to see you again. Largely