Hearing from ibm among others. One economic report the october National Association of Home Builders survey this will give us a snapshot of construction heading into the winter after a strong summer for the industry. All the big stories were watching. A top u. S. Security firm reporting that china actually tried to hack at least seven American Companies in the three weeks since that key meeting youll remember between washington and beijing leaders from the two countries which it agreed not to spy on each other for commercial reasons. Security firm crowd strike said its software detected and rebuffed these attacks. Also, high profile of bribery allegations against walmarts mexican operation found little in the way of new major offenses. The wall street journal says the threeyear on u. S. Investigation likely to hand in a smaller case than expected. Investors did say they found evidence of bribery in india as part of that same program. The retailer is said to likely face u. S. Foreign br
Financial trading revenue saw a drop of 15 . Hear what the companys ceo has to say about the results with shares down almost 6 on the session today. Many of its competitors are not down today. All right. We have a brain drain at yahoo evan has been talking about, two more people, high level people, have left the technology giant. We will discuss the impact of yahoos executive exodus coming up. And ibm set to report right after the bell. The companys cfo will join us live before the Conference Call for an exclusive interview, shares down about 1 ahead of that report. Lets start with chinas economy, that has september Oil Prices Lower today, dominic chu has the story for us. So, bill, kelly, we understand right now that the china slow down effect has been anticipated for quite some time. You could argue perhaps priced into the market but still we finally got confirmation of some of the worst levels of Economic Activity that we have seen since the Global Financial crisis back in 2008, 200
Our road map begins with with jack lew speaking out about trouble in china. Shares in Morgan Stanley sinking on its earnings. Is there more pain to come. And first up, the major indices coming off three straight week of gains. S p up almost 6 since the beginning of the honesmonth. Chinas slowest growth since 2009. Still above consensus. And then jack lew addressed chinese currency valuations earlier this morning on squawk box. I think you have to make sure that china understands that its very important that they keep their commitment to let the rnb go up as well as down and the snapshot today is not the test. Lew also talked about the debt limit, warned us about some accidents coming on that perhaps. And then on the china data, we also got Industrial Production six month low, retail sales maybe a little bit better than expected. I continue to think that domestically china is a little bit better. There was a lot of good commentary on the honeywell call on friday. An otherwise just not a
Anticipated twoday meeting, investors bid up stocks digested some final Economic Data ahead of that meeting. More on that a little bit later in the program. But by the close, here are the numbers. Industrials up 228 points to finish at 16,599. Nasdaq higher by 54, and the s p 500 was up 25 points. More on todays big move in stocks. Stocks started up and they stayed up. Now its the day before a fed meeting. Stocks usually do advance. It was a particularly broad rally although the volume was moderate. A lot of big caps up 2 or more whether youre talking about merck and the pharmaceuticals or ge and the industrials or procter gamble, Even United Health care, all up more than 2 . Now, there was a twist to the buy ahead of the fed story we saw today. Some afraid traders aggressively sold treasuries, as well. That created big moves on top of the rally. Big Banks Like Bank of america, jpmorgan and citigroup why outperforming the market in general as were regional banks like uss bankcorp. Why
Anticipated twoday meeting, investors bid up stocks digested some final Economic Data ahead of that meeting. More on that a little bit later in the program. But by the close, here are the numbers. Industrials up 228 points to finish at 16,599. Nasdaq higher by 54, and the s p 500 was up 25 points. More on todays big move in stocks. Stocks started up and they stayed up. Now its the day before a fed meeting. Stocks usually do advance. It was a particularly broad rally although the volume was moderate. A lot of big caps up 2 or more whether youre talking about merck and the pharmaceuticals or ge and the industrials or procter gamble, Even United Health care, all up more than 2 . Now, there was a twist to the buy ahead of the fed story we saw today. Some afraid traders aggressively sold treasuries, as well. That created big moves on top of the rally. Big Banks Like Bank of america, jpmorgan and citigroup why outperforming the market in general as were regional banks like uss bankcorp. Why