North korea adding to the growing list of geopolitical concerns after that country announced a nuclear test and claims to have successfully tested a hydrogen bomb. China fears deepened when a report showed the Services Sector of the worlds second largest economy grew at a slower pace than expected. And add to that the situation in the middle east. A drop in oil prices big time, and investors all across the world were rattled this day. The Dow Jones Industrial average slid 252 points to 16,906, nasdaq dropped 55, the s p 500 declined 26. Domestic crude settled at its lowest level since december 2008, down nearly 6 to 33. 90 a barrel. Michelle carusocabrera reports now on the global events pressuring stocks today. Reporter the selling started late last night when the world learned north korea conducted yet another nuclear test, claiming they had detonated a hydrogen bomb. If true, that would be a significant advance in north Koreas Nuclear capabilities. The claim was met with skepticism,
Rate came down so far and has been holding there. It has not gone back up. It is a huge debate and i dont think you look at one jobs report, debut put together a sequence to my and the major theme has to be, are we in escape velocity . At is the big question we will see at 8 30. One number i will be looking at is the increase in average hourly earnings, expected up 1. 9 . It sounds good but it is less than what we have been seeing. A lot of people would rather see people being paid more because it suggests growth and labor demand in the economy. Anything else in the brief . There are no earnings. But we should point out the ecb will be holding a press seven 45. At and the market closes early . 1 00 p. M. The bond market closes at 2 00. A data check. Within ecb meeting this morning, quiet. We drive to 17,000 on the dow. Yields are back up. We have gone from 2. 5 what ever to 2. 63. P come on, courtney, lets go. The vix, 10. 82. 16,998. I am back on watching dollar ruble as well. Lets go
This morning. Well tell you about them. Mans best friend may want you to sell the company. Petsmart is explorining alternatives as pressure from an activist investor mounts. Target posting Second Quarter operating profits of 78 cents a share, just shy of lowered wall street expectations. The retailer posted flat Comp Store Sales in the u. S. And cutting full year Profit Guidance as fallout from a massive data breach continues to weigh on the company. Target says sales, though, trends at least, improve this month based on early backtoschool sales, jim. We have a number, though, a guidance number, i guess, is the key for the full Year Adjustment of 310 to 330 compared with guidance of 360 to 390, and they go into why thats beginning to be below. I mean, some has to do with early debt retirement. Yeah. Obviously, a good deal still pretax has to do with cost in the breach. First, i said, are you kidding me . You got are you kidding me . Total disarray there. You did through the least of it
National institute on aging promising signs of alzheimers disease will be supported. We have a distinguished panel of experts here today and family members and also quite a and audience. I will welcome the representative of the Alzheimers Association summit you came along way to be here today we thank you for your tireless worker about the need to do more for your loved ones. Also we have students from the university of virginia spending the day learning about budget and appropriations. On the first panel will hear from dr. Francis collins distinguished director of National Institutes of health and what kinds of research are most likely to benefit from our appropriations and we will also have dr. Lee and this and also from the National Institute of aging also here to answer questions on this second panel we go to the researcher who underwrote the study that i mentioned earlier and joined by two individuals impacted by this devastating disease. Finally congressman is here today as a lon
One of the things that theresa has been great about. She speaks to childrens groups a lot and thats one of the things about the book is parents should really be looking at it if you have kids in this space and if you are thinking about it and how you might monitor and work with them. One of the things too a lot of you here in the Business Community and one of the things i would love to have you take away and ted and i have talked about this a lot is everything is hackable. Everything so i know you mean well when you are collecting data about your customers but just understand that data is a target and when it gets stolen depending on how you have stored it you can be putting your customers at risk. So there is a recent revelation and i wont name what was that there was an Investment Company in their brokers were developing psychological profiles of their clients. I cannot only imagine what it said and would identify ted is riskaverse and calley is a risktaker and other key elements abo