Manufacturing data this morning. Weve got full Team Coverage of todays selloff bob pisani is covering the markets reaction to that weak manufacturing data Bertha Coombs is watching the movers at the nasdaq Rick Santelli is looking at todays action in the bond market lets check in, though, where we stand. We are down 281, the low of the session on the dow was down 347. A slight improvement in the last 30 or 40 minutes or so but a significant fall from where we opened up 129 points or so lets check in with steve grasso from Stuart Frankel whos joining for the full hour. Steve, what is this . Recession fears again or is it justified to see this slippage you know, its funny, you know, im tempted to just jump onboard and say its all recession fears. And then you have the first day of the month and then you have impeachment. And then you have trade. But definitely, this is recession fears, but i wouldnt read into it as much as Everyone Wants to you have the first day of the trading month, th
Decades, five of those have occurred in the last three years. That storm is not moving, centred over grand bahama, some catastrophic damage likely here and the winds will continue for a long time yet, reaching 200 mph. Here, cloudy skies and outbreaks of rain working in. The skies look rather different, grey and drab conditions there, over the cumbrian fells. Through the rest of this afternoon, overall there wont be a great deal of change. Some cloud bumbling bubbling up gcioss some cloud bumbling bubbling up across england and wales. The thickest cloud and rain continues for Northern Ireland, the far north of england and scotland where temperatures are a little on the low side, up to 17 degrees. Tonight the first batch of rain will ease away for a first batch of rain will ease away fora time, first batch of rain will ease away for a time, then later in the night more rain working in with south westerly winds. The south and east of the country stays largely dry with rain clearing, up t
World cut rates. China weakening the currency again overnight. A perfect guest to discussion the swings in the market, former treasury secretary jack lew joining us thats coming up on closing bell. First right to the market action, joining us for the hour is josh brown. Whats turning things around here oh, my god, this is like what we live for, right it was pretty dire this morning. In the last five days, i have shift fred bearish back to bullish, then bearish, then superbearish. I was lutheran for a minute now i know youre joking. I am personally highly susceptible. I know this about myself, and every investor should think about their own behaviors. Im hidely susceptible to the lines i see in front of me not that i will react to all of them, but if youre not going through that, maybe check your pulse, that is what markets are designed to do, and i think the people that radically shift their views based on price act are the people who end up paying the volatility tax what led the comeb
Data check for you. Stoxx 600 pretty flat this hour. Fourth of july low volumes waiting for payroll data from tomorrow. Outperforming. Yields areyear certainly worth talking about. Yields have dropped below the 0. 4 level, below the ecbs deposit rate. Weve got gold still acting as a haven above 1400. The dollar index not moving all that much. President trump doesnt like the strength of the dollar. We will talk about that. Wti not reacting positively to the production cuts extended by opec. Lets take a big picture look at what is going on in these markets now. The u. S. Stock market closed for trading for the july 4 holiday. In europe, equities continue little changed while investors search for direction and await u. S. Jobs data. We are joined now by paul markham. Very good morning afternoon, in fact, here in london. Valentin, lets come to you first. It does feel like risk off is back on. Currencies are outperforming low yield ors. It remains to be seen whether that positive feeling wi
Caught my eye this week. Dont you make me dizzy from your kisses. Will you take my hand . Its been. Yes. Its all in the name of eurovision. Of course. Thats to come. But before we get started, lets get your latest news with sam francis. Sam francis. Nana, thank you very much. And good afternoon to you. Its and good afternoon to you. Its just after 3 00. The top story from the newsroom this hour. From the newsroom this hour. Former home secretary Suella Braverman has told gb news that rishi sunak needs to urgently change course following what she called dire local Election Results. The Prime Minister has promised to take the fight to labour despite losing 397 Council Seats and losing control of ten councils. Miss braverman says mr sunak must now make bold decisions. Theres no time to change leaders, so the Prime Minister is going to be leading us into the next general election, whether we like it or not. What he needs to do to salvage this dire situation is to accept the enormity of the