Vacation. Think again. The shocking reasons americans say make their travel unravel. It is tuesday, august 13th. Fbn a. M. Starts rights now. Your love lifting me higher. Than ive ever been lifted before. So keep it up. Cheryl welcome to fbn a. M. Good morning, im cheryl casone. Good morning. Im lauren simonetti. Cheryl lets take a look at how your money is moving on this tuesday after yesterdays 389 point plunge on trade fears and there was a Technical Glitch at the new york stock exchange. Right now, kind of a mixed bag. Dow is up 4, s p up just a fraction, nasdaq in the h red b9 points. Lauren the 10 year is up to 1. 65 . Cheryl weve been seeing pressure in oil markets, Global Economic worries have been pushing the contract down. Were higher but just by 22cent 22cents this morning. Lauren the hang seng is down over 2 . Cheryl in europe, the pressure in hong kong bleedsing into European Markets. This is a global story, folks. Right now you can see all of the indices are slightly in t
Alongside tom keene and lisa abramowicz, i am Jonathan Ferro. The s p 500 positive by 0. 22 . Tomorrow morning, retail sales, thursday from walmart. How many times have we done this from august . Talking about china. China the headline once again. Tom it starts and ends in china with a set of news. What is interesting to me is it is not one story. You have to get briefed on this to get up to speed on three, 4, 5 stories. Chinese equities in the tank, iron or somewhat in the tank. A lot of moving parts going on in china and that comes back to jackson hole. Jonathan one chinese developer, Country Garden holdings seeking to extend for the first time ever. Away from that we have a wealth manager missing payments. This is starting to mount in a bigger way. Lisa which begs the question of when this becomes financial contagion in china. Why are we not seeing more trickle out affects . Is that what we are seeing in germany or parts of europe . A lot of u. S. Companies are rationing back expect
How hes positioning from here. Bailing on Home Insurance. Whether to campaign for it or will gas prices climb sky high . But first, lets get to todays markets. Dom, good to see you. Good to see you, too. And i do not selfinsure my home. I pay somebody else to do it, because theyre the experts. If you take a look at the markets overall, we have seen both sides of the unchanged line, at least with the nasdaq composite, just so slightly in the green, 14,038. For the broader s p 500, maybe a better measure of the overall market. Its been down all day, down nine points right now, one quarter of 1 , 4506. Even at the highs, we were almost flat, down one point at the high, down 19 points at the low. So, again, a predominantly lower session, just fractionally so. The dow off 93 points, 34,743 the last trade there. Kelly mentioned about the oil prices. We are now, by the way, for u. S. Benchmark west texas intermediate, the highest oil prices we have seen going back to november of last year, on
Middle east and more Technology Stocks. There is no link but i will tell you whats going on with each tear. What David Solomon makes of this and a Federal Reserve player warning about hiking rates. Glad to have you. Before we get to the markets desperately trying to find their footing, to rich edson, the boots on the ground in the middle east. Reporter this comes as another attack on positions of us troops in the middle east, the us defense official in the Early Morning hours, a 1way drone attack shot down a few hours from alassad airbase in iraq. What the pentagon tallies as 20 different attacks against us positions in the last we 10 days. The us has retaliated, the military retaliated against the Iranian Forces against american positions and senior military official says a pair of f16s in a weapons storage area and one ammunition storage facility, the us did not inform israel ahead of these strikes. Lloyd austin says iran wants to deny its role in these attacks against our forces. We
Trim apple and sold off paramount at a loss. Speaking of paramount, the company is, or its special committee is opening up negotiations with sony and apollo. Theyre also talking with skydance as well about their bid for the overall company. From here at the Milken Institute global conference in los angeles, the next two hours, were going to be joined by marc rowan, David Solomon, and darren woods. So, nice lineup ahead, guys. Lets begin, david, with buffett and apple after that stocks friday rally. Berkshire says it did trim its stake by about 13 to just over 135 billion in q1. Didnt stop buffett from praising apple at the meeting over the weekend. Take a listen. At the end of the year, i would think it extremely likely that apple is the largest common Stock Holding we have now. When we look at cocacola and American Express and apple, we look at them as businesses. Now, theres differences in tax factors, managerial responsibilities, all sorts of things, but in terms of pulling your mon