Place. You can see the dow closed unchanged. Up marginally. The s p 500 gaining a little bit in the nasdaq lower. Certainly a little tension in the tech stock. Scarlet lets dig deeper with our markets reporters. Abigail, what are you watching . A look at the russell 2000 you were looking at. The worst day in a month. At the close, the worst day of the month. Heres a chart we have been looking at for quite some time that initially came from oppenheimer. At that time, they were making the case that if the russell 2000 appears above 1600, that would be a bullish sign. For all of this year, we have been below that 1600 level, although yesterday we did go right above it on a slightly rising moving average. The rsi is now going back into the range from oversold. It will be interesting to see whether they can pick it up and ring the russell 2000 closer to alltime high. About 10 relative to the s p 500. We may continue to see a offer small caps. Off for small caps. Intop and bottom line coming
Service sector, employment rose slightly and it was slowed by worker shortages, Household Spending was solid. Agricultural conditions across the country deteriorated some of the detail we were talking about in terms of around the country. Boston said signs of slowing were more widespread than they had been in the past chicago said manufacturing declined with a slight increase in growth overall. Kansas city had a slight expansion. New york reported a subdued pace of growth. And dallas a moderate expansion. Tariff guys were mentioned 24 times versus 24. Its been elevated as you know, for the past 1e6r8 months. Steve, thank you, sir steve liesman. Markets digesting the beige book lets go to bob pisani basically flat response here, with the s p down 8 bank stocks still slightly to the down side. The key is to watch the Global Growth commentary. Remember what happened yesterday . The imf lowered its outlook for Global Growth to 3 from 3. 2 back in july this is the lowest growth weve seen si
Host irresisible the rise of Addictive Technology and the business of keeping us hooked of 39 adam alter. What is the clinical definition of addiction. Guest the clinical definition thats the Psychiatric Association is confined there are some small behaviors but it has been widening and experts believe it should apply to behaviors. In the short term is very appealing but we return to over and over again obsessively compulsively long term it turns out to be bad for us. It to be financial or social or physical. And they fall into the definition. Is technology addictive on the reverse side . Yes. To a large extent there is a lot that fits under that but there are other forms of technology we find irresistible. Most of those revolve around screens but not all of those. We dont know exactly the longterm effects but there are some signs and some evidence in the population at large that is hard to resist these experiences. You write that the age of behavioral addiction is still young but earl
And special partnership actually means. The Scottish Government raises income tax, for those earning more than 2a thousand pounds a year. Rupert murdoch sells a majority of 21st century fox to disney, in one of the biggest media deals for years. And a 70 year old mystery is solved, the story of a baby who was found in a box, on the steps of the bbc. Its 5pm. Our main story is that six months to the day since the Grenfell Tower tragedy. The fire claimed the lives of 71 people. Todays service was attended by the prince of wales, and other members of the royal family. People listened to music by a local steel band and the cathedral choir. Recordings of anonymous voices describing the tragedy were played, while local schoolchildren scattered green hearts in memory of the victims. Its been a long six months for so many families whose lives were torn apart exactly six months ago. A tragedy which highlighted failures alongside the bravery of the Emergency Services and the unity within a commu
Andy cohen joins us for a candid interview that could have hollywood and wall street talking. A wild day on the markets. Stocks surging 200 points before reversing lower triple digit and turning around and ending at a record high. At the center of the moves today, the dollar. Its crazy look at it its more of an interpreted chart but thats the dollar going lower and lower. The action today coming after conflicting signals from the Trump Administration the us what did clarify saying they believe in a free floating currency, which traders took as a bullish signed traders had only one question today. How low can it go. Is it about to go from tail wind to head wind for stock pete was that you in the video i to not do that. My knees. Okay. I think it has more to do with the velocity. The velocity of the moves though i think is what really matters what is really interesting is the volumes that weve seen so far this year. I was talking about that last week a little bit, too but it continues th