Any index it is listed on. It is naturally a very heavy weight on the nasdaq. Swingingones backandforth between gains and losses. The same is true of the s p 500, down 3 10 of 1 . Taking a look at treasuries, we see some selling on the treasuries market, the 10year yield going up. The yield on the 30year going up slightly, 2. 88 . About oil. Alk this is fascinating. We finally see a green arrow here. Holding well under 50 actually, i am thinking of rent crude. 473ork crude is down at and rent it is just under 50 a barrel for brent crude. Mark time for our top stories. Shire is making an unsolicited to makensolicited offer a biotech company. Shire says it represents a. Remium of 35 but there is no deal on the horizon just now. Shire says becks also baxalta has declined to engage in substantive discussions over the new proposal. Matt and all cash deal to buy icc health care, representing a ipcs shareice of price yesterday. The man who has been overseeing George Soross fortune will leave
Is europe close. This often happens. We just had a horrible day in europe. Worst day of the year really. A lot of markets down 3 . You see just right after europe closed, closer to noon, the market came up and moved into positive territory. As for china, the etfs in china very heavy volume today. Doesnt matter what etfs, ashr, thats mainland china, the a shares. The second one is hong kong shares. All of them are down though not as much in hong kong as you can see. This is spilling into the emerging markets. A lot of activity in emerging market etfs. For example, indonesia has moved down in the last few days. Those are new multiyear lows for indonesia. The same whats going on in other emerging market etfs for example, br zale. Ewz is very active. This is a 10year chart. We just broke below the 2009 lows in brazil. That was widely commented on trading this morning. With Interest Rates moving down, Interest Rate sensitive groups, particularly banks and insurers are weak. Banks understand
Closing basis and the dow in their own intraday level. We continue with this rally was relatively modest as investors are waiting details on what the fed is going to do with its Balance Sheet unwind. Not expected to be announced when the fed concludes meeting tomorrow. Individual stocks we are watching, sprint and tmobile according to bloomberg reporting have been in talks since august on their combination, theres been talks about them being in talks for longer than that. They could be weeks away from coming to an agreement on some kind of all stocks deal in which Georgia Telecom would be the owner of the combined company. At t and verizon are also getting a lift as we watch that move. On the downside today, in terms of what we are watching, we have some big down movers envision health care is one of them, the Company Announced as chief Financial Officer was up and down and announced a buyback. On its give details forecast, and that could be responsible for some of the decline we are s
That is surging thanks to all things robotic power lunch starts right now welcome to power lunch. You can see stocks are higher right now. The dow is trying to avoid its third loss in four sessions. The s p 500 will be up for a third time if it can finish the green. Right now, its higher by five points not just best buy thats taking a beating, other retail names also getting hit dicks sporting goods, kohls, nordstrom, all off between 3 and 6 heres what else is happening at this hour tesla firing back at reports that sales in hong kong came to a halt this after a tax break for electric cars was slashed. Tesla says its business does not rely on Government Policies and the Hong Kong Government will continue to be strong. But for all you traditional car drivers, the average gallon of gas down to 2. 31. All you people in South Carolina can smile. You had the lowest average cost in america at 1. 93. More people are hitting the skies, as well Southwest Airlines says passenger traffic grows mo
Inflations killing our country. Nervous nness ahead with th frenchgerman tenyear spread hits the widest level in over a decade. Theres a turning point happening in this campaign that i find dangerous which concerns le pen raising the president s role as commander in chief in the military. My position is very simple. Support ukraine and protect ourselves from the risk off escalation. And the blocs top jobs with opposition from italy and hungary. Expressing my thanks for a second mandate as president of the European Commission and im very honored and im delighted. The japanese yen continuing to slide and now trading near its weakest level in almost four decades as the country names a new currency chief. So much to get through throughout the show. Lets start off with the u. S. Where President Biden and former President Trump faced off in the first debate hosted by cnn. The two men neck and neck in the polls and clashed on the economy and support for ukraine and hot button domestic issues