They come. Checking out the 10year, weve been around the same level yesterday we were at 0. 75 this morning, it looks like the 10year is yielding. 69 saying the Global Oil Demand will fall by 9. 3 billion a day erasing almost a decade of growth down about 2. 25 baushing it back to 19. 65 a barrel dr. Scott gottlieb, chairman of cbs health, fanatics executive chair. Chief Investment Officer and more coming up in the next three hours. Joe . Becky, you remember United Health care is a dow component we always say, thats right. Thats right you notice the dow is down around 370 or so maybe repairing partly due to United Health care the Company Reported an adjusted 3. 72 for the First Quarter. Nine cents above estimates the company said it is keeping its prior 2020 full year guidance said it would continue to evaluate the ongoing impact. You can see up about five points or so. Ee quaids to the improvements we see. Well hear from bank america and other companies. We are in earnings season now.
The committee will come to order. Before we begin, i want to remind all members we are in open session. We will discuss unclassified matters only. Please have a seat. Our members may be wandering in a bit late. We are here until 1 00 in the morning. But those in Armed Services were here until about 5 00 or 6 00 in the morning. So a few groggy members here on the committee. In the heat of the 2016 election, as the russian hacking and dumping operation became apparent, my predominant concern was that the russians would begin dumping forged documents along with the real one that is they stole. It would have been all too easy for russia or another malicious actor to see forged fox sh documents among the authentic one that is will make it impossible to identify or rebut the fraudulent material. Even if the victim could expose the forgery for who it was, the damage would be done. Three years later, were on the cusp of a technolaj cal revolution that could enable even more sinister forms of d
Yields our top story is the u. S. Stock market officially falling into correction territory in yesterdays session. The dow was down by 1033 points. Thats a huge drop weve seen one earlier this week as a result were on pace for the worst week since 2008. The nasdaq was off by 275 points since the slide began back on january 26th, nearly 2 2. 5 trillion in market value has been wiped out from the s p 500. When you look at Global Markets they lost 5 5. 2 trillion over te last two weeks well, you add that up and you look at the u. S. Equity futures, the good news is that things are stabilizing a bit and even turning around after that big decline. Thats not what we saw earlier in the week. Right now it looks like the dow is indicated up by 270 points. If we were to open here, the s p would open up by 33. The selloff we saw yesterday continued in asia. The nikkei was down by 2. 3 . The hang seng was down by more than 3 . The shanghai was down by 4 . European equities in some of the early tra
Make deutsche makes news. Tenyear back is almost to 1. 7. Oil holding on to that surprising reversal from yesterday. Jack Dorsey Square up double digits on news that visa took a 10 stake in the company. Aig is on the rise after announcing a 14 dividend increase, most importantly carl icahn representative getting a seat on the board and john paulson also taking a board see the. And another heated democratic debate last night with Bernie Sanders again taking aim at wall street. Well bring you some highlights. And global banks getting slammed. Whats behind the selloff and why . Some names are starting to rebound this morning. Futures extending their gains after data showed january retail sales rose a better than expected 0. 2. A rally in oil prices helping to increase positive sentiment. Yesterday at an Investor Conference in puerto rico, Hedge Fund Manager john paulson told Michelle Carusocabrera that he believes the markets have been overreacting to economic news, though he stopped shor
But were holding down the fort. Japans nikkei reopening after yesterdays Public Holiday and it plunged. 4. 8 . It closed at its lowest level since october 2014. The index is down in seven of the last eight sessions. That is coming as the yen has been rising against the dollar and it comes after yesterdays big selloff in the u. S. This years lowses have erased nearly 1. 8 trillion in value for investors just on that index. The s p is down 10. 5 since the first trading day of 2016. But u. S. Equity futures are rebounding this morning. Part of that is because of firmer oil market. Take a look at what crude is doing. It is bouncing back today following Late Afternoon comments by an opec Energy Minister from the United Arab Emirates that sparked hopes of a coordinated production cut. And though weve heard this story before and havent gotten anything out of it, the markets are interpreting that as a positive. Wti he crude currently up nearly 4 . 27. 21. Brent is sitting above 31 a barrel, up