Steve leishman alongside us helping us make sense of everything going on what the fed is thinking about all of this. The worst week for stocks since the financial crisis the vix surging, bond yields falling the even new lows. Stephanie link, a minute ago the nasdaq was positive. It went from positive to down 1. 5 in about ten minutes, if that. I know. What does that tell you about sort of where we are is that how a bottoming process happens . Doong we are close i hope so i think people are very confused obviously. Right . It is not surprising that the market went down because of this, because the virus has gotten so expanded the surprise has been the speed of the decline to lose 6 trillion in Market Company in six days, thats remarkable i dont know when we are going to bottom. But i am looking at an rsi on the s p at 20. And vix, jon you can talk more about that but a vix at 47, to me it seems a bit extreme. Then i look at what happened in the shanghai index it fell 14 the beginning of
Announcer 1 next, in American History tv exclusive. Our cities tour visits lansing, michigan, where we learn more about its unique history and literary life. For eight is now, we have traveled to u. S. Cities bringing Historic Sites to our viewers. You can watch more of our visit at cspan. Org citiestour. He was a pioneer. State not until the legislature designated this area as the new capital that he came with these other folks and helped build the capital. They had a slightly more sensible approach. We had nothing here. There was no transportation. They had seven months to build a veryal city and that was a interesting and exciting and unique story of the beginning. Established the about 1836, about a year before it became a state. The designated detroit as the capital but they were told that detroit could be easily attacked and they should move the capital inland but couldnt decide where. Constitutionhe that the first session of the legislature of 1848 should be held in the new capi
The race to replace Kevin Mccarthy hits a speed bump amid backlash over a planned Speakers Forum on fox news, the potential successors all pulling out of that event, but congressman jim jordan did seal a big endorsement from former President Donald Trump, and the opposite of an endorsement from former congresswoman liz cheney. Meantime, the former president reportedly discussed sensitive nuclear sub secrets with an australian billionaire who then shared that information with dozens of foreign officials, journalists and employees. And we are weeks into the uaw strike against the big three auto makers. At any moment we will find out if the union is going to expand the strike again. We are following all of these major developing stories and many more all coming in right here to Cnn News Central. Uncertainty and intrigue on capitol hill, surrounding who will be the next speaker of the house. Both the leading candidates jim jordan and Steve Scalise are working their divided conference, tryi
Hour. How his client base has changed. Lets get a check on the markets where these are correct me if im wrong fresh session lows. The dow is down 223 points now. And the s p is only down a half a percent. The nasdaq is down less than that. A tenth of 1 . The major averages give up more ground on those shutdown headlines. Nike still higher today. Sales were short of what analysts were looking for. Some optimism about improving Profit Margins and earlier inventory declines leaving investors to buy today. Nike shares up 7 . And we have you joining us on set for the entire hour. We have to start with the two big issues hanging over the markets right now. Strikes and the shutdown. Phil lebeau is covering the auto workers strike, Emily Wilkins is in washington, d. C. , following the negotiations over the Government Shutdown. Phil, lets start with you with the latest on the auto side of things. Its not good. And were hearing from frustrated executives at ford, we just heard from jim farley, y
It is coming down about an inch every couple of hours. New york city. Good morning, every one. It is 10 00 eastern. The markets coming back a bit. We are up 100. Nasdaq up 170, 1. 3 , solid gain. The yield on the 10 year treasury coming down a little. Down 5 basis points. We are up 452, the price of oil, bitcoin around 26,894. Any minute, the president of the United Auto Workers union, sean fain, will deliver remarks on the ongoing strikes. He will say if the strikes will be extended again or not. We have this on our hands, the latest read on consumer sentiment. Lauren 68. One in the september. One year inflation expectations, that matches in march 2021 and that is remarkable. Inflation coming down. Stuart market, no reaction, up 100 on the dow, no reaction to that. 50,000 migrants crossed the southern border in the last week, a record number, extraordinary pictures. It is obvious theres a new surge. Does not being taken seriously. The president goes to california and arizona, border s