Last three years. An intriguing session in shanghai. The composite staging a huge comeback after a volatile trading session. Hong kong shares in the red. We have Ralph Acampora. European banks taking a hit as the future of greece and the euro zone hangs in the balance and well look at the true cost of a greek bailout. Meanwhile, gopro unveiled its smallest camera ever. The stock is not getting a lift on that news. Well hear what Ceo Nick Woodman has to say. You can carry all these things around. You put your phone up here too . No i dont. Crude oil in a tailspin. Jackie deangelis live at the nymex. Good afternoon. We saw oil shed 4. 40 to finish the session at 52. 53 selling pressure intensifying as we got towards the close. You mentioned demand. The situation in greece pushing us over the edge. Here in the United States gasoline demands falls off after the fourth of july weekend. You have the perfect storm to go lower today. We are also watching Nuclear Talks with iran. We know from s
31 now dead, 2 million evacuated , 124,000 homes destroyed. The cost ranges are ranging wild ly weve got one right now that seems reliable, 125 billion. Thats more than hurricane katrina. We are with you. The American People are with you we are here today. We will be here tomorrow and we will be here every day until this city and this state and this region rebuild bigger and better than ever before. [applause] liz and the white house confirming today President Trump plans to return to texas this saturday to visit other parts of the state still reeling in the wake of Hurricane Harvey and to another story two explosions shook a flooded Chemical Plant in crosby texas just outside houston. It shot a plume of black smoke into the air, triggered an intense fire and continued to burn. Now officials equated it to a gas o loan fire warning more explosions could occur. This as harvey damage caused toxic chemicals to pour out of refineries operated by exxon, shell and other companies. Houston now
Got some Consumer Spending numbers that did not meet estimates. All three major averages near the lows of the session. Amazon in point terms is one of the things that is keeping the s p 500 from falling more after the Company Reported a Record Net Income but the other card stacked against it. Sciences coming out. Apple declining having its worst week since june since 2014. In percentage terms, i want to look at the big tech losers in todays session. You have seagate coming out with numbers that missed estimates. With rivalsng along is numbers suffered from demand from apple iphones. Then we have the Energy Clients easy in todays session. Going into this running season, energy was predicted to be the biggest drag earnings wise and that is proving to be the case. Phillips 66 out with numbers that missed estimates and its pulling down many of the other refiners and is generally seen from the client and energy today. Red on thet of screen for the day. How about for the month . , lets start
Of a Government Shutdown and a debt ceiling crisis. Really, how were we down so little . S p backslide. O67. More importantly, nasdaq declining. Given our president was on earlier this evening. Talking about the federal workers that will go without pay, how we are entering a high moment for the house of government. Lets ponder why were barely down. Nasdaq being down a quarter of a percent after being up 25 for the 84 coming into thisception. Thats barely a selloff at all. First, we have to wonder whether there was something mechanical to happen. I told you endlessly the mutual funts funds like to own the biggest winners. Check your statements. They dont well you when they owned their stocks. You got to believe they are clairvoyant even. The hedge funds are below the mark after they bulk up the biggest stocks. This happens. They dont like the give up the ground and take it on previous days. I say i saw buyers flying in. Flying in, bidding the market. Underneath, when it opened up. They
In the week talk stories us lawmakers from saudi arabia as royal bank sabbath following the opec tough decision to slash oil outputs. But we had said, washington is fully responsible for its own Energy Clients with a very warm welcome. Youre watching the weekly how naughty international bringing to the latest world news update. Along with the stories the shapes the week. I always start with the crimea bridge, which is now reopened off to a bombing that claimed the lives of 3 people and damaged to one of the highway sections. Vehicles are now crossing in both directions with the Railway Lines also open for cargo ons. Passenger trains. Now these pictures show some of the 1st traffic that was allowed to move across, following the incidence. Civilian cars are accompanied by Police Officer being thoroughly inspected before entering the bridge. Well, the collapse section of the highway remains closed. Officials say all the, the parts of the bridge are safe to use and he is the Surveillance F