Were scared to death. Its our bread and butter. Ifill good evening. Im gwen ifill. Woodruff and im judy woodruff. Those are just some of the stories were covering on tonights pbs newshour. Major funding for the pbs newshour has been provided by . bnsf railway. And by the alfred p. Sloan foundation. Supporting science, technology, and improved Economic Performance and Financial Literacy in the 21st century. And with the ongoing support of these institutions and foundations. And. This program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Woodruff our lead story is yet another mass shooting in the United States, this time at a navy complex in the heart of washington, d. C. A hail of bullets shattered a september morning at the heavily guarded site. When it ended, a dozen victims were dead, and at least one gunman had been killed. It was like, pow, pow. Two seconds and it stopped and then it was po
Were still off 82 points. Its been a rough week across the board, especially for other indexes were not showing here. The russell 2000 having one of its worst weeks in some time. So, this all comes, of course, on the back of some selling weve already had this week. Its not just about the action today. The last hours going to be critical here to see whether we can stay off the lows of the day or if we head back to those lows. Theres the russell. Yeah, off 1 today. Meanwhile, lets look at some of the other markets. The nasdaq off 0. 6 . There it is. And 4,393 is the level, off 12 points. The dow is off 81, thats 0. 5 , 16,904. And off nine points. Joining our closing bell exchange, doug cote, jim lowell, charlie blel, Quincy Krosby from prudential and we have Michelle Carusocabrera and rick santelli. Michelle, when we all got up this morning, things looked bleak. There were concerns about this big Portuguese Bank, but now things look like theyre settling down a little bit. What was the s
The cable sector heating and began. Reporter a few names to take a look at. Up about half of 1 . Charter communications up. And this is as big news. A story we have been following. Charter communications preparing an offer letter for time more time warner cable. Now, those companies have declined to comment about what may or may not be happening. The offer is reportedly expected to be less than 135 per share. We will see whether or not that comes to fruition. Time warner cable up nearly 40 . There is a oneyear charter both of them. And i nice performance over the last 52 weeks. Lori thank you. He is stepping down. That will happen in march. Replaced by steve malenkov, the chief operating officer. This was interesting. The changes coming after reports that he was being considered to takeover. Microsoft. Shares cruising up. Adam bill will may be stepping into a new tech arena. Adam a potential partnership. Among the largest buyers of server processors and the world. Intel dominates. The
Todays statement looked very much like the last statement. After that statement came out, money did move into stocks. Even though we know weve got some stocks for sale going into the final hour, we are we are pretty strong and in record territory in the s p 500. And for the dow as well. And for the Dow Jones Industrials. So this would be the secondbest month of the year if you like that. To stay tuned. All kinds of statistics to throw at you like that. Real good stuff. For more on how the fed has impacted the market, were joined by edward from jhs capital advisors, michael from destination wealth management, michael from panto portfolio and our own Steve Liesman and rick santelli. Lets kick it off with you, steve. What did you hear from the fed . Reporter i thought two things happening, what was in the statement and what wasnt. Let me do what was in the statement real quick. The economy was changed from being moderate to modest. A very slight downgrade to the economy. Inclusion of the
We break the rules. Didnt make them stay in the guest house . Well just joking. He really sounds rich, doesnt he . I dont know how you created this whole sort of you were born with a silver spoon, im sorry, in your mouth. So great to be back from vacation. It is past 6 01. You said that before 6 01. Lets start with the markets on first trading day of august. July was the best month for stocks since january. The s p has now turned in 8 positive months out of the last 9, going back to november. As for the fear level in the markets, volatility actually dropped more than 20 in july, so people got pretty complacent. You can see the vix at this hour trading just about 13. 5. The best performing sectors last month were health care, industrials and materials and yesterday the markets barely budged. Pretty active trading day. Watching at one point, the dow was sitting at a new intraday high in the middle of the day. Traded all the way up to triple digits before closing down by less than a point