Announcer this is cnbc breaking news. Im Courtney Reagan in this morning. We begin with breaking news. A Global Market sell off under way. Dow futures pointing to a drop of 1300 points at the open but futures have hit their daily limit down across the board. That means stocks could open much lower than whats indicated right now here on the screen you can see the s p 500 is indicated lower by 151 points and the dow by 1300. Bond spark is hitting again. The ten year yield is sitting above half a percent this new record lows were hitting here nearly across the board this morning hovering maybe just above the record lows but look at the 30year bond, under 1 thats happening for the First Time Ever. At 0. 925 . Now all of this is happening as theprice of crude oil has crashed. And that is not an ap exaggeration oil is hitting its lowest levels since 2014 as saudi arabia announces a massive production ramp up and price cut. Crude is now on pace for its worst day since the start of the first g
Right . When you talked about the japanese markets, we see the japanese yen gaining ground after it gained, was almost at the highest level in five months against the u. S. Dollar. Perhaps taking a little bit from the equity markets there. As you mention, this following the boj coming through with a 500 billion yen to provide stability to financial markets. Lets get a deeper look at the markets with sarah. Today, ther on Conference Call with the g7 finance ministers. We have seen a Global Relief rally while still intact, starting to fade. Japanese equities, the nikkei two to five, has given up almost all of its gains, now trading flat on the day. It was the boj statement yesterday that really got the relief rally rolling. Now we see japan leading the way down. Meanwhile, asx 200, australian stocks still trading very aalthy, the best day in over year, head of the rba decision in which traders are expecting a cut. The cost be kospi doing well. Pointing out,were the japanese yen, we very
Average volume for the last 30 days. That is pretty much the scene all around the world. Of course, we saw some selling overnight. Caroline even with dollar weakness. Joe also, of course, it will be interesting to see what the bond market does tomorrow. Tooline lets track out abigail. Abigail stocks might not be doing much here in the u. S. But where we did have some action, the british pound against the dollar. Its best day in about a month on hopes that a brexit deal will get done. Lets put this in the context of a longterm chart we have not looked at for a while. This goes back all the way to 1970 at the high, closer to 260 at the lows. In 2009 orhigh, back so, above two dollars. Of course, over the last few years, fears that a hard brexit would happen, we see it going down to 1. 20. This pattern happens as the bulls are stepping up. Gocould possibly see it toward the middle of that, 1. 44. All of this may just suggest that some of the big dollar bears out there could be right becau
And, allegations of sexism. Steve wozniak among those complaining of gender bias for the new apple credit card and Goldman Sachs. First, to our top story. Wework ceo search is said to include tmobile ceo john legere. Ties toere has softbank. This comes at the same time as legere is pushing for a merger with sprint, also with softbank. As we reported this morning, it seems like he is one of several names up for consideration for a ceo search wework. Is something that has kind of been percolating. Again, this may be a sign of softbank pulling the strings. They have strong ties over john legere. Twist, ties with the executive chairman who is a former sprint leader and someone who in the past has sparred publicly at times with john legere over Telecom Industry beefs they had. Theof them even called other a conman on twitter. Kurt what has been going on at wework on the executive front . Ellen it has been a long six weeks. ,september, coceos they come onto take the reins. Pretty quickly, so
Steve wozniak among those complaining of gender bias for the new apple credit card and Goldman Sachs. The latest from goldman. First, to our top story. Wework ceos search is said to include tmobile ceo john legere. John legere has ties to softbank. This comes at the same time as legere is pushing for a merger with sprint, whose owner is also softbank. Walk us through the news of today. Ellen as we reported this morning, it seems like he is one of several names up for consideration for a ceo search fo for wework. This is something that has kind of been percolating. Again, this may be a sign of softbank pulling the strings. We talked about they have a lot of control over wework. They have strong ties over john legere. In an amusing twist, ties with the executive chairman who is a former sprint leader and someone who in the past has sparred publicly at times with john legere over Telecom Industry beefs they had. One of them even called the other a conman on twitter. It seems like his name