Trading floor. Anxiety was high. Volume was heavy. The gainshe for year now gain. The s p 500 has lost more than on trill in market cap in february, and ity the third day of trading of the month. Heres how the major indexes closed today. E Dow Jones Industrial average dropped 1,175 points or 4. 6 , t. 24,3 the nasdaq was off 273. Thats a 3. 8 dip. And the s p 500 fell 113 points, or 4. 1 . Bob pisani reports tonightro the new york sto exchange. This was a roller coaster ride for the record books. At one point, the dow was alrey down 800 points going into the 3 00 p. M. Hour, then proceeded to drop another 800 ints in six minutes, then rallied back 800 points in the next ten minutes or so before ending down 1,175 points. We lost almost half a year in an atafternoon whhappened . We talked about the three risks the market is facing. First and foremost, inflation risk resulting from a stronger economy and a concern the Federal Reserve may raise rates quicker than expected. The markets pens
Good morning, everybody. We have got, right here. I maria bartiromo. Top stories right now 6 00 a. M. On the east coast. Markets are off to an ugly beginning of the week worldwide could take a look at futures right now after the horrible selloff on friday. Words this morning the booming economy will drive Interest Rates higher in spark inflation. Industrial average down 129 points in terms of features one half . The biggest oneday decline for the dow since brexit tumbling nearly 700 points in the s p 500 and nasdaq both down 2 down 665 of 65 on the dow. 145 points lower in the nasdaq. Tenyear treasury yields still climbing up to a fouryear high of 225 . As you see there one of the underlying worries. Of course heres to seeing a typical followthrough from what we saw friday on wall street. 5187 points in the dax index down three quarters of 1 . Markets are mostly lower. Nikkei average down 2. 5 . Janet yellen, officially trying to an end as jay powell prepares for his first as chairman
And we were depressed because we were hoping for the classic ending, the come from behind by the way, it looked like the long bomb in the hands of gronk. Had it happened. The twopoint conversion never happened hold on, an end of an era, do you think the moment is past now . I do actually, ill tell you why, you know, the team was actually struggling the whole season you know, pulling stuff off in final moments of every game. Really it happened that way. The defense was weak throughout the entire i agree with that it looked i dont want to be a naysayer, but i think its going to have to be a structural change if that team is going to have to stay in Super Bowl Contention next year most of us want to see the coronation of brady agency the greatest ever. And belichick, the greatest ever we needed that win last night. So coach wonderful, whats your structural change id keep brady. Obviously, they have to keep brady. It was a money decision to whack their number two qb. You know, at the end o
Backing of the hispanic voters. And this is kevlar 452b. Its a planet that looks like ice. Theyre excited. The jam packed edition of Varney Company is about to begin. John Russell Houser killed two others Pat A Lafayette Movie Theater and then killed himself. Here is lafayettes police chief last hour. The vehicle had a switched license tag on it. It was parked right outside an exit door of the theater. It is apparent that he was intent on shooting and then escaping. Stuart john Russell Houser had a previous criminal record, but had not been in trouble recently. No motive known as of yet. Lets get to the market. Look, oh look at Amazon Opening at a new record. Oh. Ashley thats 100. Stuart thats 100. Amazon is making money, revenue is up the amount of money coming in. Over 20 over the last year. Come in ashley give us the numbers. Ashley a blowout of the estimates stuart. Second quarter profit 23. 18,. 18, thats billion. Sales of cloud computing. Its picked up 81 year every year. Stuart
Begins as irma barrels towards the u. S. Mainland. There to bexpect some labor inflationary of fact. We dont have any choice. We are going to have a ton of money coming here very soon directed at rebuild efforts. Interviewse weeks put pandemonium into perspective. The market is beginning to have second thoughts. There is anxiety. We are going to speak up no matter who is in charge. It is all straight ahead on bloomberg best. Hello, and welcome. I am matt miller. This is bloomberg best, your weekly review of the most important Business News, analysis from around the world. The week began on what has become a familiar note on reports of a north Korean Nuclear test putting the rest of the world on edge. Geopolitical tensions, at their highest since the cuban missile crisis, north korea says it has fitted a Nuclear Weapon to an icbm. Washington has promised an overwhelming response to any attack while beijing and moscow are calling for talks the u. S. And south korea, trying to analyze the