Good wednesday morning im Caro Quintanilla with jon fortt and Julia Boorstin with us dow down 800, worst drop since about june 11th, on covid worries in the europe and United States, lockdown worries in france and germany oil is down about 6 vix getting closer to 40 were monitoring the ceos of twitter, facebook as they testify on section 230 well begin with dominic chu on more on what is driving the downswing. A lot of narrative around the rising covid cases, not just in the United States but europe as well markets may be taking their cues from whats happening in europe. Theyre talking about wider spread lockdowns in germany and france and whats if it happens here in the United States. Thats playing out in the markets right now. For the s p 500 specifically, below the 3300 mark, that is below both the 50day average price and the 100day average price for those indices, so many traders looking for technical or chart pattern levels as they look at trades today the s p 500, this little rol
Mutual understanding today is the most important day in terms of strengthening the independence and sovereignty of our country. A fraction in the code of georgia. The problem is, im hows this ation to increase transparency among the phone funded . Indias president says she will read or live bill the full the last so every hour of the day, this is on the im rode home on it with the headlights. So is this website whether it puts in has given an interview to the Chinese Media i had of his to day visit design country. They did this, so he got in to discuss this in more detail with join. Now biology correspondent, darl quotes a donald, this is exciting type is the, the lead is of the, of the 2 largest or one of the 2, the 2 largest countries. You know, in the well, the meeting tomorrow. We know that the 75. 00 is theyve had the great, so total peroration, but how him pull it. I mean, how significant is it done but, but president puts, in chose china as his 1st country also being, you know,
Between rebels and Government Forces and sentries of tradition celebrated in Northern Nigeria for the missed the festival of agents. Fit this the welcome to the prego. Wed be getting con units in southern garza. What is ready falls as a withdrawal and but there are many dangerous facing palestinians returning to the city. But finding the homes, Medical Centers and schools in ruins. Not much of the cities unrecognizable with roads towing up a United Nations Damage Assessment team says unexploded bombs and im posing a threat. The 4 teams are reported widespread destruction every building they visited. And most of all, and most of those they were able to see, had been damaged and paid roads have been reduced to dirt tracks. The team inspected a United Nations warehouse for Medical Centers and 8 schools. They saw a very significant damage in all, but one of those structures street and public spaces in con, unice or later with unexploded ordnance posing a severe risk to civilians, especiall
Stock s are reacting some turbulent traffic ahead. And is that welcomed . Yes. It is, because of the optimism for the economy itself, and the appearance of inflation, and the 0. 4 on the pricing index is for anecdotal because we have Domestic Companies with sales that are up 30 over last year. We are are rocking it in america right now. And im telling you that there is no recession, so why not a rate hike, because we could take 25 basis points right now. And doc, neutrals on the stocks in the next 12 months, and the bank of america says it is a swoon, and why are they wrong . Well, kevin, like the optimism as always. And honesty. Yes, but i am not optimistic on the markets reaction it to, and the market can take ut and 25 basis points is not going to knock the wheels off, but the market will sell, and sell hard if they raise rates minutes after the rates increased. And why is he wrong . Didnt we get an indication of that and a couple of people talking about rates and the market will lo
I am Erik Schatzker. I am Stephanie Ruhle. Let us pray again let us begin with economic news. Fact deal factory orders are out. Michael is with the headlines. Is particularly bad news. New orders are down, the biggest decline since 2009. Everybody has been very worried about what would happen with capital spinach is going into the year, particularly in the oil industry. Capital goods orders excluding aircraft for overall business investment, down by 9. 3 during the month of december. We have seen that all Companies Announced week after week theyre cutting back on Capital Expenditures. The question is does it cut back on Capital Expenditures outweigh the increase we get in Consumer Spending from lower gasoline prices . At this point, it is about a type. We have to break down the numbers more and see whether december was a particularly bad month. Right now, it is not good with a three point 4 decline overall in Capital Expenditure cuts. The negative hits the economy faster than some of t