It will have erased the gains of the year. Courtney reagan has more on whats exactly happening. One trader i talked to said there is no one sudden catalyst. Just a lot of things were seeing thats making this a be generally riskoff trade. If weve broken through sew key Technical Levels. Specifically on the s p 500. The next level we are looking for is 2,067. Well see if we break through or hold above it. Consumer discretionary, health care, telecom are the biggest drags. Energy is actually higher and crude oil which continues to fall. Despite all the retail news and movers in the Consumer Discretionary names weve been uk talking about it all today, 7 of the 15 performing stocks in the s p 500 are media stocks. It is kind of due to this reinvigorateing talk about cord cutting. If you look at the s p media industry, a subsector group here, having its week since october of 2008 when it lost almost 22 . You can see by that chart was level, then the steep falloff. One consumer discretion yae
Michael the fed is getting easier today. We will go now to top headlines. The market selloff went global and it began in china where stocks fell the most since 2007. It fell more than 8 . There are growing concerns at the chinese economic slowdown is getting worse. At the opencks sell as the dax dropped more than 2 . Futures indicate that u. S. Stocks will be lower at the open and ended last week down the most in almost four years. Oil is down again today as well. Went low 45 per barrel for the first time in more than six years. Three american servicemen have been awarded frances highest decoration, the legion of honor. They helped foil what could have been a mass shooting on a french train and they spoke yesterday at the u. S. Ambassadors residence in paris. The gun man would have been successful if my friend spencer had not gotten up. I want that lesson to be learned Going Forward. In times of terror like that, please do something. Dont just stand by and watch. Vonnie the gun man is
I matt miller. Im matt miller. Im Cristina Alesci. Perfect timing for us worked out pretty well. Certainly did. Breaking news on the economy. A key gauge coming up. Mike mckee in the news with the headline. This will be a good news stories as well for the markets today. The isam report for the month of april comes in at 54. 9, more than expected and up from last point seven. The economy and manufacturing continuing to get together from the freeze we saw this past winter. Thanks so much, mike. I want to get straight to the big news out of order this morning. Ford officially confirmed what we have known for a long time, mark fields will be the next eeo. Here he is at his News Conference earlier this morning. Aboutm very passionate product and i share built by the vision on leading the industry through innovation, because it is exciting and it is great for our customers. Is the product and innovation that first brought me to fort hood five years ago. Before wef years introduced the taurus
The former special assistant to the president on science and technology i no longer the forefront of the internet revolution. Internet capabilities of other countries are faster and cheaper than the west which could threaten americas Economic Future. This program is about an hour. Host susan thank you for being with us. Guest ive been looking forward to talking with you. Host lets start with the basics. What is the status of broadband in America Today . Guest the picture at americas quite different from the other developed nations. We have god for very high. And download. In america cable monopolies and local monopolies in each region of the country dominate that market. And for 85 of americans the only choice with a live will be their local cable monopolies. We dont have any of the fastest 25 cities in the world when it comes to Internet Access in america so we are not in the worlds leaders. We are somewhere in the middle of the pack and we also have a deep Digital Divide so having an
And lock them down where they do exist. There is a reason why president obama has made clear to the outside regime that this International Norm cannot be violated without consequences. And there is a reason why no matter what you believe about syria all peoples, though all nations who believe in the cause of our common humanity must stand up to assure that there is accountability in the use of chemical weapons so that it never happens again. The building of human rights would be one of the foundations on which we would does in the world an active spirit in which peace could grow. I dont think the white house has completely blown to one person. It belongs to the people of america and i think whoever lives in it should preserve its tradition and enhance it and leave something of themselves there. Next on booktv author Susan Crawford talks about her book captive audience the Telecom Industry and monopoly power in the new gilded age. She argues that americas Economic Future could be threat