Across the globe continued to digest the Federal Reserves rate hike and tried to figure out what this new rising rate environment may mean for businesses and consumers. The Dow Jones Industrial average sank 367 points to 17,128, its lowest close since october. The nasdaq fell 79. The s p 500 dropped 36. A decline in crude prices didnt help the Broader Market either. Oil futures fell 22 cents to settle at 34. 73 a barrel after data revealed a climb in the number of active oil rigs for the first time in five weeks. And investors flocked to safety, sending bond Prices Higher and yields lower. For the week all of the indexes were lower. Bob pisani has more on the dramatic end to a momentous week in the markets. Reporter stocks declined again today. Whats going on . Wall streets in a funk. The basic theme is lower for longer, meaning Commodity Prices and Global Demand will stay low into 2016. Lower for longer not just in oil but natural gas and lower for longer in steel and in copper and al
That we would be here less than a year later, where the map of ukraine redrawn. By the annexation of the crimea peninsula by russia, prorussian rebels fortified by moscow and now troops in the military vehicles rolling over the order between the two countries, and coming to the aid of antikiev militias. The new president , seems to have upped the antiby resisting the stealth seizure of eastern provincial cities using the ukrainian military. It looks like we are much closer to that state of play that gives pundits and policy makers the willeys, war, on the european continent. Nato released these images saying more than 1,000 Russian Troops have marched over the border into ukraine. Nato officials also say more than 20,000 additional trips are currently staged along the border, as tanks and military vehicles drive in we have also detected large quantities of advance weapons including air defense systems. Artillery tanks and armored being transferred to separatist forces in eastern ukrain
Percent off the economy. They are more concerned about the october 17th debt ceiling deadline that is fast coming and president obama met with senior staff this weekend to discuss the potential shutdown, but unlike past shutdown showdowns, aides say this time theres no back room talks happening between the president and capitol hill. The president says he expects to hear from congressional leaders later today. Theres still time on the clock to keep the lights on in washington. What could the plan look like . We have special shutdown coverage set for today starting with Peter Alexander at the white house and mr. Luke russert on capitol hill. Peter, democrats have said that the president is looking at this as time to punch the bully in the nose. Is that the vibe youre getting . Reporter well, the vibe that they are communicating to u. Jay carney finishing up his press briefing, they say this is not about politics. Its about people not getting hurt, even though the white house and press s
Of a Government Shutdown and a debt ceiling crisis. Really, how were we down so little . S p backslide. O67. More importantly, nasdaq declining. Given our president was on earlier this evening. Talking about the federal workers that will go without pay, how we are entering a high moment for the house of government. Lets ponder why were barely down. Nasdaq being down a quarter of a percent after being up 25 for the 84 coming into thisception. Thats barely a selloff at all. First, we have to wonder whether there was something mechanical to happen. I told you endlessly the mutual funts funds like to own the biggest winners. Check your statements. They dont well you when they owned their stocks. You got to believe they are clairvoyant even. The hedge funds are below the mark after they bulk up the biggest stocks. This happens. They dont like the give up the ground and take it on previous days. I say i saw buyers flying in. Flying in, bidding the market. Underneath, when it opened up. They
Boom, boom, boom. It sounded like an explosion. Chaos at the capitol. A woman rams her car in a white house barricade. In the end the suspect was dead in the car. A 1yearold child. Police searching the suspects connecticut apartment. Capitol police on the plaza said they were working without pay because of the government shut down. Turbulence in nebraska ticking up at least one tornado overnight. The gulf coast is bracing for Tropical Storm karen. A hurricane watch is in effect from louisiana to florida. Pope francis is in italy and pilgrimage of sorts. The saint he is taking as pontiff. President obama canceled his trip to asia as the shut down enters its fourth day. Speaker boehner saying there will not be a default on the vote. To upon this first and end this shut downright now. Twitter hopes to raise up to 1 billion in the initial public offering. They never turned a profit. The new burger stirring up controversy. A chicago restaurant is prepared with communion waivers. Having fun