Manufacturing contracted for the tenth straight month, and contracting at a faster pace. And this ban on Insider Selling will end in a few days. China put in some Circuit Breakers that remind me of 87 and they didnt know how the Circuit Breakers would work. They encouraged selling, not discouraged it. The communist party can be late at figuring out what to do. I would not count them out in terms of their ability to manipulate the market back up. One thing is certain of 2015, in the face of bad economic data, the market did not react because the communists propped it. They have abilities to stop selling, including making it criminal prosecution. It could be criminal again to sell. That we all know thats true. Could be a White Collar Crime once again to sell. So, the idea that you think china will be down multiple days f youre selling stocks because of that, the communist party wont let that happen. Some say the manufacturing data from december was not a big surprise, and perhaps it was
2. 02 . Alas, i think todays selloff is the real deal, unlike yesterdays rally which was triggered by positive Federal Reserve minutes, todays selloff was based on real weakness in the global economy, worries like ebola, and the averages are still higher than when the year began and thats looking less and less logical. As the slowdown manifests itself. [ beeping ] before it gets started on the wacky nature of a market that goes up or down 300 points on a whim, let me just say pointblank that we are indeed in a treacherous market. We live in america, our companies are doing relatively well, but the definition of treachery in a stock market terms is when the simple facts mean nothing to the sellers. When one strand of weakness can frighten investors more than all of the good strands that are out there, its pure treachery and thats whats going on right now in the field of battle. Take alcoa, right . Heres a company that delivered on every lineitem when it reported yesterday. I know this c
That i love them. I love you. And pray. Reporter to the east, the storm hammered houston which saw more than 11 inches of rain monday night. It pushed the citys many bayous over their banks. Texas Governor Greg Abbott declared a state of emergency in at least 40 texas counties and deployed the National Guard to help with recovery. He praised the response to the disaster. We see texans respond by coming together and helping each other. We have seen it in Houston Texas and other parts of the state. That was Paolo Sandoval reporting. Firefighters in houston carried out 500 water rescues mostly stranded drivers. An Emergency Landing delayed a flight from san jose to san diego for house. The southwest jet landed at l. A. X. Night after being delayed for hours. A heat sensor signaled a possible fire in the cargo hold. It was a false alarm. Passengers were taken off the plane and then allowed back on. The plane arrived in san diego at about 11 15. It is a big night for warriors fans. The ws h
If you only look at two of them you may miss the relationship action underneath. I dont talk much about commodities in the show because most of you dont trade them and i dont want to encourage you to do so. Theyre 24 hour, 24 7 worldwide business. Too hard for people at home. But if you want to figure out why we had huge disparities in the stock market today with industrials and oils driving, basically cancelling each other out. Hence the markets flat line then you dont need to look any further than the prices of copper and oil. Right now the market is in the grips of a classic slow down in china and its Ripple Effect on the rest of the world. Thats the Ripple Effect. China itself issues numbers. We focus on the raw commodities because the chinese economy involves taking those and turning them into something. Hundreds of millions of people from the world based citizenship. And at the looks of copper and we monitor that by looking at something called the jjc, a copper based etf, china i
Off, commodities surging today, copper and coffee and oil. If you look at the material sector that is leaving the market today but for the month of december. Another stock down 8 is twitter. The social messaging site getting cut to underperform from mutual, but maintaining the price target at 46, the second downgrade for twitter since last week, sun trust cut its rating to neutral last week. That is what we are hearing but it is of meteoric rise for the stock until today. Cheryl thank you, cu in 15 minutes. Adam our next guest underestimated the power of the markets, as big expectations for stocks in 2014, chief market strategist, welcome and thank you for joining us on markets now. Why i use all optimistic going into 2014. Get ready for corrections. I am optimistic for the first half of the year and for the second half we will get a correction as the market begins to sniff out the first interestrate hike by the Federal Reserve but they said they are going to leave the overnight rate u