For a bear market after falling 20 from its december highs. The slump in stock markets has extended into currencies. The dollar fell to a 10month low. The currency dropped as much as 1 10 of 1 against the greenback. Hong kong stocks sank to a year low. Lets take a look at the markets. Hong kong and china, currently closed for lunch, but here is how they were trading. The selloff continues. This is the picture in singapore , tokyo, and mumbai. Im going to be back in a half an hour from now. Time now for you for bloomberg west. Emily you are watching bloomberg west. Iran has released the 10 american sailors they detained after two boats drifted into iranian waters. A decade of sanctions on iran may end on monday. The iaea with a final report. The house approved the republican backed legislation giving Congress Greater oversight of the landmark iran nuclear deal. The vote was 191106. President obama will likely veto the measure. The company sees fourthquarter and 2015 sales of 435 million
This is the session low. Look what is hit the hardest, Energy Stocks and exxon dragging down the dow. Chevron as well. Some technology, intel. Look at that dropoff. What do you think, charlie . Well i wrote a column earlier in the week in the New York Post i said this will be the new norm for the markets. Listen, heres the problem that janet yellen. Melissa you mean volatility. Volatility and steep drops. Here is the problem janet yellen has. There are pockets of inflation out there. Weve been keeping Interest Rates at near zero for what, five years now . We are tapering, but that is not, were still printing a lot of money. It really hasnt helped the economy. At some point you have to rely on the underlying economy for the markets to keep going up. When traders look at underlying economy, it is not that great. Melissa yeah. I dont know if it is merits 17,000 on the dow. Melissa jack what do you think . Look at that dropoff. We saw a spike in the vix. Investors will drive themselves cra
For millions of children, a snow day. The European Union moving closer to imposing more sanctions on russia. And escalation infighting in ukraine. Latvias president says the eu is likely to expand the list of those facing asset freezes and visa bans. Vladimir putin says ukraine is responsible for the violence. European finance ministers willing to work with greeces new government if the new Prime Minister drops his demands for the countrys debt to be written off. Europe may extend the deadline for greece to qualify for its next aid package. Word of another government intelligence Gathering Program aimed at drivers in the u. S. The Justice Department has built a database to track vehicles in real. And intelligence Gathering Program that involves storing hundreds of records about motorists. The goal is to fight drug tracking drug trafficking. In pro football, robert kraft, new England Patriots owner, says his team may be owed an apology. He says if the nfl fines the patriots did nothing
Session. Road map, the busiest week of the earnings season. Netflix, apple, chipotle later tonight. Markets have to digest them all. Investors dealing with International Uncertainty in the middle east and ukraine. Live updates on both. Emc reported ly pushed to spin off a unit while allergan cuts its workforce 13 . Mcdonalds apologizing to consumers in china for expired meat, well explain. After fridays rally, wall street gearing up for the busiest week of earnings season. T. I. Due after the bell. Apple and facebook set to report with a third of the dow, including microsoft and verizon. Halliburton with results, the company increasing buyback program, the 6 billion, very large increase in the buyback. And maybe some clarity on succession down the road, too. Halliburtons one of the companies that is basically north american fracking and they say it is great. I love a release which says were hiring like mad, because that does imply business is terrific, not done by firing, not done by m
Took out a gun and he shot like eight times inside the store. Terrifying moments inside a san leandro walmart. This customer screamed and ran for cover. Tara moriarty is live at the store right now. Coming up in two minutes, she will tell us what witnesses say happened right before the gunfire broke out. Good morning welcome to mornings on 2. Its monday, october 6th. Im Tori Campbell p. M. Good morning. Im dave clark lets talk about weather and traffic. Steve has your forecast. Hes right there. It will still be warm. If you are in the lower bowl seats it can be warm, 74 at game time. Theres a lot of fog out there. Some of it is very thick. Had a couple of pictures coming in, highway 17 a wall of fog. Be careful. Theres some there is. Theres also theres some there. Theres also the remain of simon. Upper 40s, santa rosa, napa in there. Yet, almost 45degree difference between the lows and the highs. Hot afternoon temps will continue for one more day inland. 63 brentwood. San ramon, 55. Pi