Jones industrial average fell a fraction of a point to 17,402. Well off its lows. The nasdaq rose 7 and the s p 500 gained 2. The turnaround doesnt really tell the whole story. Some on wall street think the reversal is emblem attic of confusion. Rather than conviction about where stocks are headed. In fact, 56 of the s p 500 fell into correction territory. As dominick tells us, there are other issues making investors nervous. The stock market has been struggling to get back to its record high. There are a number of reasons why some investors are proceeding with caution. China is one of the biggest concerns as Traders Group well the possible slowdown in the worlds second biggest economy. Ec well, china has emerged as one of the biggest consumers of almost every product on earth. So that will of course have an impact globally for companies that sell things which is all companies. So it will have a significant impact. But i think that the headlines make it appear much worse than what the
Fraction of a point to 17,402. Well off its lows. The nasdaq rose 7 and the s p 500 gained 2. The turnaround doesnt really tell the whole story. Some on wall street think the reversal is emblem attic of confusion. Rather than conviction about where stocks are headed. In fact, 56 of the s p 500 fell into correction territory. As dominick tells us, there are other issues making investors nervous. The stock market has been struggling to get back to its record high. There are a number of reasons why some investors are proceeding with caution. China is one of the biggest concerns as Traders Group well the possible slowdown in the worlds second biggest economy. Well, china has emerged as one of the biggest consumers of almost every product on earth. So that will of course have an impact globally for companies that sell things which is all companies. So it will have a significant impact. But i think that the headlines make it appear much worse than what the reality will ultimately be. Another
As they try to put problems behind them. And the new heart drug may outweigh the benefits. Welcome to street signs, everybody. Lets look at the markets here in particular i want to show you whats going on with the da x. We have only one stock in the green. It is starting the trading week down by seventenths of 1 after a flat week last week over the past year to date period it is still up by 6 not doing too badly. It is telling about the struggles this index has been under where it is down by 1. 3 one of the reasons we could be seeing a number of these stocks down is the strength of the euro on the back the euro is at two and a half year highs against the green back thats when a number of companies go red and were seeing some Energy Related assets move lower in light of what steve was saying about Hurricane Harvey theyre taking activities off line, costs money every single day, ramping up costs money as well, and if theres damage to infrastructure, that costs even more lets look at othe
Welcome, everybody, to power lunch. Were just 98 points away from dow 20,000. It is worth noting all three major indices record highs today. Among the biggest winners, nike, ibm, apple, exxon and microsoft. Tyler . Melissa, im tyler mathisen. Thank you for joining us. Here is what is happening at this hour. Apples new air pod earbuds are now available on online ahead of the holiday rush. They hit the stores next week. Nfib says it is Small Business Sentiment Index jumps to the second highest on record. And 85. 5 of all u. S. Airline flights were on time in the month of october. Who had the best performance . Hawaiian airlines, the most on time arrival. The worst, virgin america. Michelle . Welcome to power lunch. I am michelle carusocabrera. We have a busy two hours ahead. We kick it off with your big market story today. The dow just a stones throw away from hitting 20,000. Bob pisani live at the nyse as we close in on the big 20 k. Bob, first you, the preview. Yes, the important thing
Administration, the u. S. Government regards britain as a likeminded partner. They are trying to ensure that the European Union maintains a transatlantic outlook in the open and free trading world to the world, so the diminution voice of britain in the European Union is going to be upset to the people of the u. S. And now, whether putin in russia would be celebrating this by the british people, and he said that he suspected that the kremlin would be calculating and less likely to maintain the robust sanctions against russia, and he was essentially explaining the point of view, because the u. S. , and the uk share the similar view s ts on foreign policy, it is important for the u. S. That the uk projects that view across europe and the geopolitical stage will be alter and something that we will have to the watch as the things develop. It is interesting as we caught up with Philip Hammond and moments before Prime Minister David Cameron announced the resignation, and Philip Hammond is one