And welcome to power lunch, the bears are out today. The dow and s p 500 having their biggest oneday slide since the beginning of july. The s p 500 in fact falling below its 50day moving average for the first time in a month. Wall streets socalled fear index, the vix soaring hitting the high in five weeks gold meantime, hitting a twomonth high retail to blame. Macys is down 9 . Kohls and dillards also getting whacked. Jc penney being taken down here, brian. We begin with your money and investments. North korea, of course, grabbing all the headlines, but the defense stocks are mostly lower today and apple is the biggest drag on the dow. So is all the saber rattling really to blame . Live in washington with the latest on north korea, bob though at the nyc, bob, let us start with you how much are you hearing is north korea, is valuation, or maybe just a normal, healthy august pullback . You know, id say 75 is concerns about north korea, but we do have some High Expectations on the earning
Server while she was secretary of state. A server that had information that was classified. The Clinton Campaign responding now. Lets get straight to john harwood in the nations capital. John. Hillary clinton as you suggested is off the hook legally, but not so much politically. Now, first of all we just gotten a response from brian fallon, her press secretary, to james comey, the fbi directors statement. And he said in that statement that the Clinton Campaign is pleased that no further action will result, was recommended by the career professionals that Hillary Clinton has said it was a mistake to use a private server and wouldnt repeat it again. But theyre glad to move on. And they consider the matter resolved. But the surprise today was not that no charges were recommended by the fbi, the surprise was how strongly james comey the fbi director criticized Hillary Clinton for how she handled email. And with that in mind let me just go back to an interview i had with secretary clinton i
Defying neat explanations. Polar vortex . Not this year. Bipolar market, you bet. That pretty much explains january. On this final day of trading for the month stocks in a deep funk for much of january, roared higher. Dow jones industrial average rallied 396 to 16,466. Good for the indexs best percentage gain since august. The nasdaq climbed 107. The s p 500 gained 46. Todays drivers were an Interest Rate cut in japan and weaker than expected Economic Growth data in the u. S. Taken together those two factors suggest that american Interest Rates may move little, if at all, for many months. Todays strong finish merely masked a mostly moribund month. This january will be remembered for producing the worst tenday start to a year ever. The plunge in oil prices, big stock losses in china, fears of a global slowdown gripped the market and sent shares sliding. And the final tally for the month, its ugly. The dow lost 5. 5 , worst january since 2009. Nasdaq off 8 or so, its worst showing in any
Turbulence and transition, defying neat explanations. Polar vortex . Not this year. Bipolar market, you bet. That pretty much explains january. On this final day of trading for the month stocks in a deep funk for much of january, roared higher. Dow jones industrial average rallied 396 to 16,466. Good for the indexs best percentage gain since august. The nasdaq climbed 107. The s p 500 gained 46. Todays drivers were an Interest Rate cut in japan and weaker than expected Economic Growth data in the u. S. Taken together those two factors suggest that american Interest Rates may move little, if at all, for many months. Todays strong finish merely masked a mostly moribund month. This january will be remembered for producing the worst tenday start to a year ever. The plunge in oil prices, big stock losses in china, fears of a global slowdown gripped the market and sent shares sliding. And the final tally for the month, its ugly. The dow lost 5. 5 , worst january since 2009. Nasdaq off 8 or s
Defying neat explanations. Polar vortex . Not this year. Bipolar market, you bet. That pretty much explains january. On this final day of trading for the month stocks in a deep funk for much of january, roared higher. Dow jones industrial average rallied 396 to 16,466. Good for the indexs best percentage gain since august. The nasdaq climbed 107. The s p 500 gained 46. Todays drivers were an Interest Rate cut in japan and weaker than expected Economic Growth data in the u. S. Taken together those two factors suggest that american Interest Rates may move little, if at all, for many months. Todays strong finish merely masked a mostly moribund month. This january will be remembered for producing the worst tenday start to a year ever. The plunge in oil prices, big stock losses in china, fears of a global slowdown gripped the market and sent shares sliding. And the final tally for the month, its ugly. The dow lost 5. 5 , worst january since 2009. Nasdaq off 8 or so, its worst showing in any