Bernardino was an act of terror. All three events, a changing of the Macro Economy and the fight against terrorism, will play out over the long term. All three weighed on investors minds today. By the close the Dow Jones Industrial average slid 252 points to 17,477. The nasdaq fell 85. The s p 500 dropped 29. Steve liesman takes a closer look at the events that kept investors on edge. Reporter concerns gripped markets today from two completely different sources. In frankfurt, germany the European Central bank announced a sweeping new round of easier monetary policies that nevertheless fell far short of market expectations. It strengthened the dollar, sent bond yields surging and weighed on stocks around the globe. And then in the early afternoon new details emerged about the horrific shootings in San Bernardino. Increasingly the event looks less domestic and more potentially international, with nbc reporting one of the suspects had been radicalized. Fed chair janet yellen was asked abo
Bernardino was an act of terror. All three events, a changing of the Macro Economy and the fight against terrorism, will play out over the long term. All three weighed on investors minds today. By the close the Dow Jones Industrial average slid 252 points to 17,477. The nasdaq fell 85. The s p 500 dropped 29. Steve liesman takes a closer look at the events that kept investors on edge. Reporter concerns gripped markets today from two completely different sources. In frankfurt, germany the European Central bank announced a sweeping new round of easier monetary policies that nevertheless fell far short of market expectations. It strengthened the dollar, sent bond yields surging and weighed on stocks around the globe. And then in the early afternoon new details emerged about the horrific shootings in San Bernardino. Increasingly the event looks less domestic and more potentially international, with nbc reporting one of the suspects had been radicalized. Fed chair janet yellen was asked abo
And conditions are going to be absolutely perfect for today. A High Pressure system just off the eastern seaboard. And we have a cold front moving through but for the most part today, temperatures above normal. Currently 43 degrees. The winds are calm. And theyll be southeasterly as the day progresses so a warmer flow across the region. And here on the radar, we can see the clouds moving in from west to east. And a little bit of an onshore flow, again as a High Pressure system does influence some possible drizzle later this afternoon. Otherwise, a wider perspective. You can see the cold front that will start to work its way in from west to east architecting the great lakes region. And in the full weather, more details and of course what to expect for this upcoming weekend. Back to you. All right. Thank you. Dont be afraid, be aware. That is the message from the citys top cop with millions of people expected at todays parade. With security high on peoples mind, more police will be prote
Thousands of Illegal Immigrants crossing the border. And tensions remain high. Stay right here. Two hours of varney and company starts right now. And crossing 17,000 firsttime. The dow is at 17,043. The s p, the is in the 500 at a new high, record high. Stuart varney says it feels like the market wants to build. A pretty good move taking it on the chin pretty good. Ten year, 2. 7 on the yield. Now to the individual stocks, Goldman Sachs leading financials, the rally is one of the big reasons, industrials and banks leading, 17,000 and lulu lemon on top of a buyout and that making the good move up 0. 97, little more earlier today and go pro finally losing a little bit of steam and got hit pretty good. It made a high of 49, 42. 52 right now. Pet smart making a big move today. Nicole look at pet smart. A winner on the s p 500 which is also setting an intraday record high. Pet smart is a 12. 5 because the activist hedge Fund Reporting a 9. 9 stake in the company and asking pet smart to expl
Happening. Stocks are moving higher at this hour. It feels like investors are shaking off fears about the debt standoff between europe and greece, but folks, the action is really in oil. Prices plunging again after the International Energy agency warned of more selloffs in the near term. We begin with fears in the bond market. Were talking about, yep, puerto rico, and its debt crisis sending its bonds to record lows. Why does it matter to investors here . Many hedge funds and big Bond Investors have exposure to puerto rico. Kate kelly has more on the fallout. Big legal news the last few days on puerto rico which has been struggling with over 70 billion in debt as well as highend employment and other Economic Issues for some time now. On friday a federal judge blocked the islands efforts to restructure certain debt through a new law known as the recovery act that was passed last summer. The law was intended to help agencies like for example, the purity wroe ricco electric Power Authorit