Buying a ticket on american and hopping on united. The dow has come a little bit off the lows. Down 239 points right now, the nasdaq is down 1. 7 . So no problems at the nasdaq. And yet, the nasdaq is actually down about. 4 more than the dow. Now, of course the dow does trade nasdaq stocks as well. But the point is, it would seem that the data were seeing that the declines are not based on this trading issue, outage, whatever you want to call it, right . May be more global macro. The benchmark tenyear treasury note yielding 2. 2 . And thats actually a 2. 5 move, guys which is not quite double that of the dow. So bonds are moving more obviously overnight in china. This is turning out to be a seminal day for the stock market. We had 1,400 Major Chinese companies suspended in trading. Not for these reasons. Many of them suspending their own shares because the decline. And something i pointed out early this morning, guys, which is this chinas stock market value declined in 30 days has been
Financial times, disheartening. One in five americans are receiving government assistance and now president obama saying lets give out solar panels to the poor just what we need to gre the economy. We havent forgotten about hillary giving the first interview since announcing her campaign. And she blames republicans for everything. Poor hillary there. Varney company is about to begin. All right. Guys, weve got a ton of news for you this morning and we have now breaking news all United Airlines flights are grounded, they say its due to a Technical Glitch. All flights, all airports are grounded, a big problem for travelers. We have a live look at Ohare Airport and thats on your screen now. Thats the giant united hub. If you have to go through there. The big story now liz the big story, there has to be something more to it than to be causing all the flights to be canceled. Charles this is worrisome because a lot of people are worried about Computer Systems worldwide particularly involving
Welcome subject line afghanistan and it comes it was from a british official apparently the former foreign minister of Great Britain on afghanistan and sent by one of his deputies to Hillary Clintons assistant at the state department. Ironically through to her official state Department Email address, and then forwarded on to Hillary Clinton through her personal email address and im going to hold it up for you. Here [laughter] it started out five pages, and now all five pages are blank. This now was deemed now has been deemed classified at the time it was sent it was not marked as classified. Now retroactively has been classified by the state department. So she did send classified material whether she knew it or not or her people knew it, it should have been classified or was at the time they included emails did include classified materials. Melissa. Peter thank you for that report. A blank. Now turning back to markets hits keep on coming for Energy Markets oil ending down nearly 3 of 4
European equities are going to be more profitable than the United States for the First Time Since 2008. Earnings will rise just under 7 . That is up from just under 5 . U. S. Wages rose at this lowest pace since 1982. What does that do for the debate about whether you get a september lift off from the fed in terms of raising rates or december . Harris is opening flat. London is down by an eighth. Youve got billy real and intercontinental. Iron ore as retreated back to 50 from its peak. China storyng that play out on rio and billy in terms of the reality of the slowdown in china. What happens next in terms of stimulus . Hsbc up 1. 64 . Pretax profit rising. They are selling the brazilian asset. They took a little bit of a hit. A couple individual names. Nokia, heineken, ill just show you those, hsbc up 1. 3 . Heineken up 1. 9 . Not a bad report from heineken. Anna spoke to the worlds number three brewer. They will see a moderate level of growth in their volumes relative to 2014. Up 2 .
With the headlines. Julie we have one item of breaking news, construction spending. Month over month, it is a disappointment. It looks like it is more than made up for based on the revision from the prior month, an increase of 1. 8 , up from 0. 8 . Getsee that the may bar bigger as the june bar is smallre. A strange situation with the isn manufacturing. The numbers coming out early. We saw manufacturing in the u. S. Cooling in july from the highest level in five months. The reading is down from 53. 5 the prior month to 50 2. 7. Guys. Matt thanks very much for that. I want to check out how markets are reacting to that news. Stocks are trading lower. Take a look at the indexes. The nasdaq is up a little bit. The s p is unchanged. The dow is down. We did have an up month at the end of the week last week. Erik i want to point everybody to what is happening in the oil market. Freefalleen oil in a over the past few days. Brent is really pacing declines. This is more of an international bench