1000. The airlines are taking it on the chin, first signs where so many in the industry seem to be tell of telegraphing problems, unless they get a new batch of a. The aid in march, april, may, is essentially running out. There is talk after 85 billiondollar relief package. No one agrees what it should be, when it shut be doled out. That is hitting airline stocks. Were watching that very closely. Were watching day two of the Republican Convention right now. Hillary vaughn following all of those developments for us. Hillary . Reporter neil, day one of the Republican National convention was really about President Trump and the Republican Party pitching themselves as the law and order party. What is interesting is when joe biden first got elected to the senate, he campaigned on exactly that, law and order. Every time Richard Nixon when i was running in 1972 would say law and order, the democratic mantra the response was, law and order with justice. Whatever that meant. I would say lock th
We have fox Business Team coverage. Phil flynn is at the cme. Edward lawrence is on capitol hill, blake burman is live at the white house but first, lets go to Kristina Partsinevelos on the floor of the new york stock exchange. Do we have kristina . Kristina Circuit Breaker halted all markets for 15 minutes. The new york fed came out injecting 1. 5 trillion today and tomorrow in the repurchasing market. A lot of movement. Yet we still finished the day down, almost 10 lower at the dow, 2321 points. S p almost 10 as well. 9. 5 lower. Same thing for the nasdaq. Complete negative territory. You guys talked about it, this is a historical day, the biggest drop since the crash in 1987. I was only two years old at that point. Look at dow losers for the day. The dow has been down the entire day. Boeing, boeing taking a major beating. The stock was halted earlier today. Walt disney on there, ibm, american express. I want to switch over to travel stocks weve been paying attention to today, more s
A world transformed. What will make you feel safe from. Thyssen nation full community. Are you going the right way or are you being led. Directly to what is true what is faith. In the world corrupted you need to descend. To join us in the depths. Made in the shallowness. Of. The lives of bluebox broadcasting around the world and covering all aspects of our global icon. Me in the 21st century and im christiane watching 10 special show focusing on the Energy Sector and heres what we have. The north going to pipeline which is that you transport natural gas from russia to germany its basically sanctions from the u. S. Our correspondent. Will break it down for us and Oil Bankruptcies are up and prices are moving what the forecast looks like for 2020 while break it down to take a look at the state of the clean Energy Sector and world will go in 2020 with tyson slocum from Public Citizen so much to get you on the road so lets get right to it. Germany has been critical of washingtons decision
S p down 1. 1 , and the russell down 1. 05 . Why . One main reason is china. China devaluing its currency. The dollar strengthening significantly. Oil is down big time, look at that, dollar strength, it takes fewer dollars now to buy a gallon of a barrel of oil at 43. 2, down almost 4 . Brent down almost 3 , gold up just a little bit as you see there about a half percent. Mandy is out but sarah eisen who knows a lot about currencies and china is with us today. Thank goodness youre here. I live for days like this, watching the dow and the impact of china spread across the globe. Bob pisani, anything with any china or Commodity Exposure is getting pummeled. Dow up 240 yesterday, down 240 now. Its a wasted week so far. Put them up, Materials Energy and industrials to the downside. Thats the big losers. Some of the obvious names and their impact from china. We always talk about casinos, wynn 70 of revenues in china, and yum brands 50 of its revenue in china down 5 . Those are the easy ones
Down oil and gas production. Haidi hello from sydney. This is daybreak australia. We are talking about the first major market open. Betty i am betty lou. This weekend has been quite eventful. Just what happened over the weekend with Hurricane Harvey, hurricane category four slamming into texas. The fiercest storm and 50 years. The worst hurricane since 2004. A quarter of the production now expectation is it will not hit the whole of the u. S. Economy but certainly texas itself. Lets get a quick reminder before all of that happened how stocks traded on friday. Watching with bated breath what janet yellen was going to say, she was on message friday. That meant the market did not trade that much, not a lot of volatility as we saw by the end of fridays trade, the dow up 30 points. The s p up 0. 1 . The nasdaq trading unchanged. We have a lot had this week including jobs data in the u. S. , likely to dominate the chitter chatter in the market ahead of the data on friday. That is a mixed ope