Of the house and senate. On the right, youve got live picture of the house floor, where one hour ago, members rejected the shortterm funding bill, 232 to 198. That bill would have kept the government running through october 31st, but the Freedom Caucus, a band of breakaway conservative republicans led by matt gaetz of florida insisted they would block it. On the senate floor you see Chuck Schumer of new york. A couple things happening, talking the state of new york which declared a state of emergency due to extreme flooding. There are a whole bunch of issues that are very lifethreatening. Hes talking about that and the Senate Bipartisan bill that they would love to see the house tackle. It is not going to happen. As the government careens toward a shut down, the picture of the Dow Jones Industrials, the blue chips have seen again of 227 points but as soon as the failure of the vote on the house floor came through, a big drop, went to the lows of the session. The s p at the moment the s
Industrials, s p up 23, the nasdaq up 1022. Russells got a gain of a 15 points and the transportses a nice move of a full percentage point. Just about anything, we should say, that is chiprelated due in great part to a. I. Momentum is moving higher. Intel is right up there as one of the top performers with a, lets see, 4. 55 gain, that is a good move. Applied materials, up 2. 25 . These are the aaas, aat mat, apply frommed materials and amd. And how about arm . Arm having a strong session. Hpe at the bottom here, it is not specifically e a chip stock the, but it is getting a 3. 5 bump on recordbreaking order at its a. I. Unit. Coming up, ceo with antonio nary is here in a fox business exclusive on the brave new business hes doing in a. I. Okay, so if you noted, i said just about everything chiprelated because we needed to leave room for micron which is going in the opposite direction. Shares of the worlds fourth Largest Semiconductor manufacturer having their worst day since may. Stock
Thats the point where we see intervention. Some saying that 160 could be the in the sand. Certainly its the question of how meaningful and house of santa, how effective would any sort of Government Intervention be when youve got that ongoing cap between the fed and the boj . What we are seeing here for equities at the start of the day is a little bit of pressure, following what happened on wall street overnight because we had the s p 500 on its longest losing streak in several months. Really big tech bearing the brunt of that. Earnings and focus, given we have a number of big tech names reporting over the coming days. That could leave clues on the health of the u. S. Economy. Also whether we will see any sort of big ai led rally sustaining the momentum. Lets chains on. Take a look at whats happening in korea to start the day here. The korean won firm are here against the greenback. Six tense of 1 . Broadly, equities just modestly in positive territory. Fx has been a big talking point.
Caroline im Caroline Hyde in new york. Ed and im in san francisco. Caroline tesla asked its investors to approve a pay package. Ed chipmaking orders dive at asml. Our chip stockpiles back . Caroline we will bring you into a conversation with the French Company a toss. In the equity market pulls back a little bit from where it had been. Nevertheless we see bond markets outperform, currently seeing a 20 year yield down to, three basis points. Moving on and looking on the world of crypto. Its been on the downside as the u. S. Dollar is falling. The first time in six days we saw the dollar give up strength as we digest what has been a slightly more hawkish of. Risk assets are still cautious out there. Ed tesla continues to dominate headlines. Down for a fourth straight session. The stock is trading at its lowest level in almost a year and i dont think this has to do with the headlines on the bloomberg terminal. The idea of incorporating in texas, thus about the downward pressure. There is
Surveillance. He was the two mario monti later. We are seeing that reverses to the earlier losses we saw. If you look at german stocks, they seem to be remaining lower. The dollar is little changed. Treasuries nudging higher. Lets get to the first world news. Here is sebastian salek. Mugabe failed to announce his resignation. The twist means he may face immediate impeachment hearings. He was expected to announce he was stepping down. Todays meeting with a command element has underscored collectivelyus to start processes that return our nation to normalcy. U. S. Senator Susan Collins has said the republican tax plan passed by the Senate Finance committee needs work. Thed if she can vote for measure as written, she said, quote, i have not reached that conclusion left. Republicans can afford to lose only two votes and still pass the bill. Ron johnson has artie said he cannot back the bill as written. Japans recovery remains on track with exports growing by double digits for four straight