Another 32 points. The nasdaq looks like it would be down by 123 points. Again, this is across the board some rough times. If you thought you were going to see a rebound this morning, its not happening, at least not yet. Part of the reason what happened in china. Joe mentioned the shanghai composite plunging to a fivemonth low. Its now giving up all of its gains for the year. That decline of 8. 5 that came today follows a 4 decline from friday. Again, it has been rough. It has been difficult. Weve been watching what chinas trying to do. There is a general sense of not only a slowdown in china but also the idea that the Chinese Government may be losing control. Many investors had been expecting beijing to unveil more policy support over the weekend following last weeks 11 drop for stocks, that didnt happen and the disappointment over the lack of a move is evident. It is one of the big reasons for todays more than 8 drop. The rest of asia also closing sharply in the red. Take a look at w
Thanks for joining us. Thank you for joining us. Lets look at the market picture it comes off a day of fractional gains. Essentially markets were flat. For the week, the dow is up 1 the s p and nasdaq 0. 6 p , 0. 7 were set to open 11. 3 points higher for the dow yields above 2. 3 for the tenyear, that nice rise in yields we saw over the course of last week, up to highs of 2. 34, 2. 35, just down a bit. 2. 32 the yield on the tenyear. Another quiet session in asia with markets in main lan china, hong kong and south korea closed today the nikkei up just a hair. 0. 01 . I guess it counts as a gain. Hardly at all. Lets look at europe a marginally mixed day on wednesday. If we look where we are now, we are mixed here we see markets totally flat in france the xetra dax down 0. 2 . Spain rallying again here, 0. 6 . Spain closed down 2. 8 yesterday. That was after the king made a speech the prior evening, did not go particularly well sort of elevated fears of more clashes or catalonia calling
Power launch starts now. Yeah, despite the dow being down a couple of points, another record day they have added value in your money. Inside the markets theres some big movers out there twitter on face for its best day since june still down 50 plus percent since going public what a comeback. Up 13 this year shares of ethan allen down about 4 saying business was hurt by all the hurricanes retail remains wrinkled. Losing half its value after warning on profits and getting two downgrades and breaking news equifax shares taking another dip. Taking down of one of its web pages on reports of another hack well have more on this developing story straight ahead. All right thank you very much. We begin this hour in d. C. President trump couldnt get any help from congress on health care now he is using his executive powers the power of the pen to make big changes to obamacare reporter thats right. The president frustrated up on capitol hill so hes taking some limited, unilateral action on health
Im seema mody in for sara eisen. Great to have you with us with us forever the rest of the week good to be here im here thursday. Im off friday, which is nice indeed straight to the Global Market picture. Futures pointing higher. A decent day on wall street. About a half percent of gains for the s p and dow. The nasdaq led the charge higher by 0. 4 . An important rebound for the tech sector after two sharp days of selling during those two days, the other sectors did not follow suit to the down side and the down side for tech only a twoday occurrence the nasdaq the best performer up 0. 7 yesterday for the s p, 10 out of 11 sectors positive only telcos down the dow is up by 20 points Oil Prices Falling on a surprise build in api crude inventories and a new report from the iea saying demand growth wont accelerate until next year we have about a percent slide in im prices bang on 46. It was down more like a percent and a half so we stemmed some of those losses this after a threeday gain fo
Of the office we begin with a tense situation in greece. The 10year note is sitting around 15 and have soared 60 this year. A referendum is set for sunday with greeces Prime Minister urging a no vote. Lets go live to athens chief International Correspondent Michelle Carusocabrera joins us there with i believe also the president of Athens Chamber of xlers commerce . Yeah, the chairman of the Hellenic Chamber of commerce, good to have you here. Excuse the music, there is is a small communist rally going on. Shall i call you camomrade . Michelle, this is a country of extremes. In the first century, existential comemunism has died 20, 25 years ago but here in greece it is rampant. You can hear them chanting. There you are. This is greece. We know that this crowd will vote no in sundays referendum they hate the euro they hate everything about euro et cetera. How do you think the vote will go on sunday . Im cautiously optimistic that we dont have a strong yes vote. Vast majority of greek peo