Up in time for the lunar new year. We are live with ceo brenda lee. Looking at the markets, another bit of surprise here. It markets up across the board, led by materials and information technology. With that said, there is still a lot of caution out there. G btv 7589. The white line is the spx in terms of net positioning and you can see that falling. This is just a flip. A reversal with the vix futures spiking higher. Volatility and bullishness surging to the highest level. We will see what happens in the asiapacific trading session though, to see what happens in terms of any possible positivity. Yvonne it has been quite remarkable, this turnaround we have seen and yet, we are seeing some of the speculators, sellers of volatility turning back the market. Expect this kind of shock already. It will certainly be ahead of inflation numbers. Raimi lets take a closer look at the signs of recovery. Gains came back on january 26 and the nasdaq is now positive for the year. The best twoday adv
Of foreign lands, like the greek deal had ended our obsession with whats happening overseas, were suddenly back in the soup bowl over again, but it a with china. The true proximate cause of the selloff. S p plummeting 1. 07 and the nasdaq losing 1. 12 . Yep, the idea that theres big trouble in not so little china based on so some weak chinese orders and the stock market that we know is being propped up by the communist party, thats what lay behind the carnage. Its breathtaking by the way. It has us thinking something evil does lurk in china and china, some think it can take the whole world down with it. Its short term top in our markets at least until we get some clarity on what is going on over there. Thats not so easy. I have no idea what the real situation in the peoples republic and neither does anyone else and maybe not the people running the country. Thats the new emperor has no clothes theory. The vast majority thought that china was slowing. The totalitarian government will exe
Shanghai index was off 8 1 2 our time. That is the worst performance since 2007. Chinese regulators investing with the market. Investors losing confidence that china cant maintain its market that of course would set off a Ripple Effect through global economies. We saw action in the price of oil, falling on expectations of weaker demand and oversupply issues. What i found interesting so many house hole names do significant business in china. We saw breakdown of shares in prodly weak market. Apple down 1. 3 . Conference call on latest Earnings Call from apple pointing to a focus on apple, im sorry, china, apple, key markets. Shares of apple down 1. 3 . After the Earnings Call apple shares fell precipitously because of concern about demand for apple products there. Yum brands, Las Vegas Sands and wynn resorts have huge resorts in macau. That is a big trouble spot. Wynn resorts down 3. 2 . Baidu, down 4 1 2 . Baidu reporting earnings after the bell today. They released very troubling Secon
We get back on our feet. We will pay you back 100 fold. Mark my last question. The federal government, where do you see them in your community now . Doris icn this point, they are at this point see theyre beginning to pull out. The process,ith they have a longterm Recovery Team in place, but most of that support system is being withdrawn. Longterm presence, but a longterm smaller presence. [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. Visit ncicap. Org] [captions Copyright National cable satellite corp. 2015] announcer thursday, Hurricane Katrina attend anniversary coverage continues. Joinema administrator environmentalist, journalists and others as they evaluate recovery. Norlinpresident obama in new orleans to meet with residents. Our live coverage begins at 5 00 p. M. Here on cspan. Coming up next on cspan, november 2005 townhall meeting in norlins, moderated new orleans, moderated i the mayor. By the mayor. La
Gradual plate gradual pace of raising rates. Corrects inflation is not at 2 . Before we move policy get to the gold otherwise we are going to be behind. Driver, set tow to steer its ceo out of crisis. Anna a very warm welcome from us in london, i am and i words. I am anna edwards. Matt imf miller. Anna talk about the United States and houston specifically. So much of the United States energy market, a landmark hurricane, a landmark storm now earlys over texas area estimates of what kind of Economic Impact we might see here, 24 billion dollars. Stay, howhe reins to long they keep falling is going to be one of the key questions. What has this done to markets . Gasoline spread flying as harvey looms. Futures are the same. Oil steady but refineries have been flooded. More than 10 of the fuel making capacity. FarColonial Pipeline, so from houston to the east coast of the United States it seems we have no word that it is not running as normal. Certainly that would be one way that this crisis