Economic Playing Field. Maria china and u. S. Businesses trade over deals during the visit. Expecting to release a plan of their tax code today. By President Trump says democrats will like the version more than what weve seen for the house for threatening to derail the 85 billion merger between at t time warner while regulating the process of requiring the sale of time warners unit which includes cnn or the directv business as a deal to allow that to go through. Apple topping 900 alien dollars incredible market value. The details as the most valuable Public Company keeps on getting bigger. Take a look at americas best thursday morning by selling underway. Dow industrials to be down about 25 points. Nasdaq, s p 500 in the red. In europe come major indices also lower. Xt 100, dax down fractionally. Talk about a third of a percent. In asia overnight, the service may expect the nikkei average done a fraction. Hang seng and on, three quarters of 1 . Spacey cut. Ridley scott will remove and
Korea. In early trading in europe at this hour, youll see green arrows as well with the biggest gainer among the major markets. The cac in france is up by a third of a percent. And wti crude is up by 1. 5 to 43. 68. Back to the top story, another explosion near a transit station in elizabeth, new jersey, after a backpack that appeared to contain pipe bombs detonated. The fbi is questioning how five people that were apprehended on the verazano bridge last night. Morgan brennan is joining us from chelsea with more. Good morning. Reporter good morning. A terrorfilled weekend here in manhattan as well as across the river in new jersey. Now all the details still very much unfolding. But heres what we know so far. Just hours ago a backpack containing as many as five pipe bombs detonated after Police Responded to a call about a suspicious package in a garbage can near the elizabeth, new jersey, train station. One of the bombs exploded while a robot was cutting a wire on that device. You know,
Other. This markets decline, three days, is all about building in the news of the impending rate hike. The first in nine years. Now im hold enough to remember what the market has been like in the ten days leading up to a rate hike and youre getting exactly this kind of action once again. The change is visceral. Those that want to get out before the hike are selling. You cant stop them. The strength of last fridays employment number was simply too great for the fed to ignore and the way Portfolio Managers always react to these things which is to dumb stocks in advance of something seen as very negative is gripping this market. Its making it very difficult to own stocks. A lot of fear now i cant blame anyone for wanting to sell its been so long that theres probably no major fund manager that wants to have big exposure event. They fear the sell off, i dont know. Maybe its going to be monsterous. They dont want to take any chances. Plus who know ifs the fed will say theyre going to take mo
Why such a nasty day again . What is really ailing this market . First lets understand each other. This markets decline, three days, is all about building in the news of the impending rate hike. The first in nine years. Now im hold enough to remember what the market has been like in the ten days leading up to a rate hike and youre getting exactly this kind of action once again. The change is visceral. Those that want to get out before the hike are selling. You cant stop them. The strength of last fridays employment number was simply too great for the fed to ignore and the way Portfolio Managers always react to these things which is to dumb stocks in advance of something seen as very negative is gripping this market. Its making it very difficult to own stocks. A lot of fear now i cant blame anyone for wanting to sell its been so long that theres probably no major fund manager and all money in, just stocks. Given, id say going into this event. They fear the sell off, i dont know. Maybe i
This markets decline, three days, is all about building in the news of the impending rate hike. The first in nine years. Now im hold enough to remember what the market has been like in the ten days leading up to a rate hike and youre getting exactly this kind of action once again. The change is visceral. Those that want to get out before the hike are selling. You cant stop them. The strength of last fridays employment number was simply too great for the fed to ignore and the way Portfolio Managers always react to these things which is to dumb stocks in advance of something seen as very negative is gripping this market. Its making it very difficult to own stocks. A lot of fear now i cant blame anyone for wanting to sell its been so long that theres probably no major fund manager that wants to have big exposure and all money in, just stocks. Event. They fear the sell off, i dont know. Maybe its going to be monsterous. They dont want to take any chances. Plus who know ifs the fed will say