Before, minutes later, cutting the losses in half. In the end it closed 1175 points lower. A drop of 4. 6 . This marked the second day of steep losses. There was a sweeping selloff on friday over fears that the Federal Reserve will accelerate Interest Rates. We are joined by Morgan Stanley Financial Advisor jordan steady. We have been on this upward trajectory for a long time now. What the heck happened today . Its like going to santa cruz and going up the big dipper. We have been at the top all of 2017 and we hit a downturn today. 1100 points, 1,200 points. It sounds like a lot. In 1987, blackmon we were down 508 points and that was a 22 drop. That would be significant. Today, 2. 5 on friday, its not even a 10 correction. What is driving the sell off . It extended from what we saw on friday . It has to do with the federal open Market Committee meeting meeting Janet Yellens last meeting. There is going to be three to four increases in the interest rate. Thats the amount of money that b
And some comments from the dallas fed president that sound more hawkish than people anticipated. Optimismd a lot of being talked about. We have been asking why rates have not reacted. Scarlet lets go to Abigail Doolittle for a specific look. You really nailed it. S p, deeply in the red. We also have the fear index up 26 . The highest level since the election. The complacency in the markets we have had, starting to shift in the weekly declines, significant. The worst week since january of last year. February, since june of last year, it is a different story. Majorhe least of these averages. S p 500 since september. The worst a since the brexit. We can see this trading action. 2 . Ee the dow is down the worst day going to the brexit. This thing we are seeing today only highlighted by the brexit selling. Truly some true selling action. Sellings sellers taking control. Nasdaq, it has to do with the energy names. Goldman sachs down 4. 4 . Test are more strenuous than in the past. Apple havi
What followed was a review 2016 by a department of review. Today half of the recommendations have been implemented or close to being approved. Use of force has dropped 18 in 2017. We hope the trend continues and expects it to continue. Reporter citizen complaint dropped 9 . We stopped getting complacent and we got serious. Reporter last year President Trump decided to scale back the program. That is until the California Department of justice decided it would take on the job. The city of San Francisco are going to be the big winners because we picked up the ball and are running for it. Reporter while police are making progress, they need an independent body to make sure they follow through. I would say we have work in progress to continue to making that Relationship Building and bring them together. It is working. Reporter state attorney general bess sera promised the funding will be there. Too important to not get it done and we will do it right. Reporter in San Francisco so lyanne mel
Middle School Classroom that injured four students may have been an accident. The question, why did a 12yearold girl bring a gun to school in the first place. A bombshell in the natalie wood case. Why Robert Wagner is being called a person of interest. Prince harry and Meghan Markle step out as she gives her first royal speech. And countdown to kickoff. Excitement building over super bowl lii from flew fears to security to snacks. We have it all covered for you live from minneapolis today friday, meb air 2nd, 2018. From nbc news, this is today, with Savannah Guthrie and hoda kotb, live from studio 1a in rockefeller plaza. And good morning, everybody. Welcome to today. Thank you for being with us on a friday morning. Its almost super bowl day. When you care enough to send your very best, you send al and craig to minneapolis. Yes, they are there. Is that what we are . The very best . I heard they did here in the bold north. I heard they did some ice fishing. Weve got a lot to get to with
Yup. Want to get their eyes on eagles before they head to minnesota. Good day everyone. Its saturday, january 27th, 2018. So were about a week away. One more win away it. Seems like its taking for over to get here, doesnt it. Tick tock, tick tock youre still celebrating with the green. Im trying. Im running out of options, though. Me too. I dont have a lot of green ties. Are you sick . I think im losing my voice. The flu . No. Dont say that. You sure. Dont say that. All right. Okay. Tell us what the heck is happening outside. Well, i think we have a street closure that youll talk about little bit about too. Gotcha. Heads up, drivers. Scott is keeping me in line right now. Streets department temporarily closed several streets in center city. Crews will be working in the area near city hall until about 2 00 oclock this afternoon. Signs have been posted. But if you need a full list of the affected streets and how to get around them, we have all that information on our website. All right.