Good morning a warm welcome to Worldwide Exchange on cnbc. Im wilfred frost. Lets get to the Global Market its a shortened day on wall street today markets closing at 1 00 p. M. Eastern time two days ago the dow and s p slightly lower the nasdaq slightly higher markets were closed state side yesterday. We are expecting to open flat. The nasdaq and s p just above the flat line with the dow fractionally lower lets look at markets around the rest of the world. Asia is the focus this weekend yesterday in particular we saw the biggest selloff for the smaller cap shenzhen index in china for three years. The shanghai index was down 2 an important day of Standing Firm off the back of that today. Shanghai is flat the rest of asia positive. This ongoing issue in china of late is focused on the government cracking down on various measures including trying to frighten Credit Conditions that led to a spike in bond yields particularly further down the curve. People have been focusing on that the sel
Good morning a warm welcome to Worldwide Exchange on cnbc. Im wilfred frost. Lets get straight to the Global Market picture comes off a flat day yesterday the dow slightly higher, the nasdaq and s p slightly lower. Essentially flat this morning looking better. We are called higher more meaningfully than this time yesterday. The dow up 38 points s p 3. The nasdaq 6 or 7 points tenyear treasury note yields have stuck around the 2. 3 level on the tenyear still there, 2. 32. The flattening of the yield curve has paused over the last week or so its still continuing to a broader medium term theme, but in the shortterm not Much Movement last week was a low volume week because of the thanksgiving holiday. Lets look at markets around the rest of the world. Shanghai having a bounce back. Theres been weakness in china lately the shenzhen index bounced back over 1 shanghai itself up over a third of a percent elsewhere softer as you can see, but not significant. We got comments out of certain bank
Turns out he can. We have found a way to save american taxpayers up to 180 billion. Well show you how the president can do this without the swamp. Bizarre turn of events in the United Airline story. Democratic congresswoman Sheila Jackson lee says the entire fiasco happened because of racism. She claims the passenger targeted her because she is africanamerican. More on that later in the hour. First blake burman on the breaking news story on health care. Blake, fill us in. Reporter trish, there is a couple different messages from the white house on health care on the way forward. You remember the tweet yesterday potentially he could work with democrats and republicans on way forward with health care to come up with a new plan. However a white house official telling fox moments ago that the white house is also considering an executive order that would allow the department of health and human service, hhs, the department of labor, to look into rewriting the rules so that obamacare mandate
Yesterdays record drop played out. This is a time lapse video of what happened with the dow down 200, down 300, down 400 as you got closer to the end of the day, down 1600 points almost at one point by the end of the session, 1,175 point decline. Decline of 4. 6 . This is the biggest point drop in history add it up, the dow traveled 5100 points yesterday down 4. 6 does not rank in the top 12 or 15 declines weve ever seen the biggest decline was october of 1987, a 22 decline this was enough to get peoples attention. The dow and s p lost more than a third of their 2017 gains just during the last two sessions if you were wondering what else was going on behind the scenes, volatility this was the big story volatility is back yesterday we were talking at this time about volatility being up at 17 that was a big deal. By the end of the session it was above 35 for a gain of 115 . This morning you see volatility up once again, another 14 this morning, 4262. Mike santoli, this is something that
Be here today. Will you please join us by rising and joining us in the pledge of allegiance. I allegiance to the flag of the United States of america and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all. Mr. Secretary, roll call. Commissioner bridges . Commissioner drig col . Here. Commissioner makras . Present. Well be starting off today by going right into staff presentation, and what well do is after theyve had a chance to present well open up to Public Comment. Well only be calling Public Comment once today. We have approximately 75 to 90 speaker cards here and if we were to call everyone and give everyone two minutes, it would be three hours, so what were going to do is limit it to one minute per person so everyone has a chance to hear what everyone else has to say. What i do ask, you please be respectful. Not everyone in the room is going to have the same opinion, but core values is being respectful of everyones opinion and