Get smoked thats the lesson in todays market where the dow rallied 150 points. S p broke out of the down trend gaining. 87 . And the nasdaq jumped 1. 03 . As we saw real glimmers of hope that the market might be getting over the post alibaba hangover. We usually get this kind of snap back action when sellers have been relentless in their unloading. And one day it turns out that theyve finished selling. And the endless stock supply theyve been providing and knocking the market down with just dries up overnight. Thats what happened. Remember, i talked about the lockin factor last night. Meaning when hedge funds lock in their gains sell, sell, sell. Near the end of the year because theyre beating the market. One of the big secrets of the Money Management business is the notion of secrecy itself. Meaning the need you have as a broker to keep your clients orders secret. Typically, People Like Us when were watching the tape underneath your picture, we dont know when someone, some large insti
Pull its latest software due to glitches. H m reports a slowdown in sales due to warm weather. Announcer youre youre watching worldwide exchange, bringing you Business News from around the globe. Hi, everybody everyone. Im seema mody and coming up on todays show, is the world facing a talent crisis . A Major Recruitment firm tells us why the Global Recovery is causing Companies Looking to hire. Nike is looking at its earnings, but could headwinds take the kick out of results . Mario draghi prepares to deliver a press conference from lithuania. We ask if now is the right time to be joining the euro. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. And welcome to the show. We just had some eurozone m3 money supply data come through. The m3 print for august has come in at 2 growth against an expectation of 1. 9 and the previous reading for july at 1. 8 . So fractionally ahead of expectations. The threemonth average has come in at 1. 8 for augu
S p futures down by just over 3. 5 points below fair value. Take a look at whats been happening with oil prices. Yesterday, crude oil settling at an eightmonth low. That was the lowest settlement this year. You can see theyre down once again this morning. Down another 46 cents to 91. 71. Take a look at whats been happening in the treasury market. The tenyear note at this point looks like it is yielding at 2. 516 . That had been the highest close that weve seen all the way back since july 31st in terms of the yield. The dollar this morning, at least at this point, looks like it is down against both the euro and the pound. The euro is trading at 1. 292 up against the yen at 106. 92. If you take a look at whats been happening with gold prices, under pressure despite what weve seen in terms of geopolitical concerns. Gold is down to its lowest level this year. 1,246. 60 an ounce. Andrew, ill send it over to you. This will be the first of the companys sales since last november. Lots of quest
Madeline albright. Black stones president , tone know james, and well cap it off with dpaer white along with Actor Matt Damon. So we have a lot to do today. Lets talking about breaking news overnight. American fighter jets going into syria and bombing isis targets. The u. S. Did warn american fighters in advance. Five arab partners are involved. The pentagon confirms they went after 20 targets. Fuel depots, weapons spots and traini ining sites. Israel shot down a fighter jet after it entered air space. Oil prices are rising. Joining us now, retires u. S. Army current jack jacob is here. On the set with us, chief washington correspondent john harwood. Colonel, i will start with you. The implications of this coming much kicker than i think some people expected, no . Yes. Its developing relatively quickly. The problem with syria is the entire armed force system has been under pressure that it is totally incorporate nated. It is possible the syrian aircraft lost its way. It doesnt make a l
Would be a good start. Lets get to our road map and start things off with the markets. Extending yesterdays losses, disappointing Economic News and air strikes in syria are setting the tone for the morning trading. Also weighing on the market, the Obama Administration makes its move to counter inversions. The rising trend of American Companies leaving for lower taxes. Shares of takeover targets such as medtronic, shire and abbey are moving this morning. We may be getting closer to two large transactions. Allergan is in advanced talks to make its own deal to defend off valiant alachemann. Alachemann is already redding to sue. Yesterday nasdaq posting its worst sessions since july 31st. Dip ing dipping to a 2014 low. China rose slightly. You have the u. S. And arab allies launching attacks against islamic militants in syria. President obama due to make a statement on the u. S. Strategy against isis later this morning. Coming up at 11 00 a. M. Eastern, becky quick is going to interview fo