Day as well. Weekly losses for small caps then what the guys were talking about the last hour the atlanta gdp, 5. 8 is what theyre looking at the ten year back higher, all put into the stew of how were supposed to think of where stocks go from here. The question for the viewer is, is the correction in its nature going to be deeper in the sense of what we witnessed in 2022 or similar to 2019 . There are two time periods to guide investors through what i believe will be in 2023. Very obviously you had an adversarial federal reserve, and the market declined from august 16 through october 13 by 19. 6 in the month of august, you oinl had 225 basis points worth of rate hikes you still had another 300 basis points yet to go and an overall down trend for the market now, in 2019, if you study that time frame, the same thing happened, scott. You went through this malaise in q3 from july 26 through october 3. The s p declined 5. 6 . Here is why i believe that 23 core relates to 2019 similar to 20
In good jobs news from the us. This is what europe is doing in the first half hour of trading. Fuelling demand for more gas. We speak to the head of one of the worlds oldest private Exploration Firms about keeping the lights on around the globe. And as new York Based Company Wework Annoucne A 500m Expansion In Asia let us know what do you love or hate about your office. Tweet using the hashtag bbcbizlive. They very warm welcome. A lot to get through, including things you like or maybe do not like about the state of your office with the news that wework is expanding. Prosecutors in south korea are demanding a twelve Year Prison Sentence for the heir to the samsung business empire. Samsung covers all sorts of businesses, a conglomerate made up of different entities and is caught in the midst of a huge corruption allegation. Hearing in Lee Jae Yongs trial, the prosecution said he was the ultimate beneficiary of the crimes. The Corruption Scandal brought down the countrys former president.
To check up ony the barcelona updates. European stocks are dropping. Impact on some of the travel and leisure stocks. This after a terrorist struck a crowded street in barcelona exacerbating unease in the the mountingred by concerns over a dysfunction in white house. This is the dollar this is the bloomberg dollar index. 1. 3. Twoyear yields, bob corkers says President Trump has not yet demonstrated the characteristics needed to serve in his job. Al gore went further saying that donald trump should step down. U. S. Stocks suffered their worst day yesterday. , rex. S. Secretary of state tillerson and jim mattis says the reaction to north Korea Remains an option. Option has been endorsed by the president. This contradicts the comments from steve bannon who said earlier this week there was no such option. The u. K. Is prepared to give further details regarding its approach to brexit. According to three people familiar with the plans. The institute for Economic Affairs says a trade deal wi
That they have killed five suspected terrorists they were wearing suicide belts which authorities detonated in controlled explosions. Police say both incidents are linked President Trump responding to the attack tweeting the United States condemns the terror attack in barcelona, spain an will do whatever is necessary to help be tough and strong, we love you. Meantime, lets check the markets. The dow fell 274 points yesterday. The second worst session of the year but as you can see, its 1. 25 a big number, but 1. 25 . We always need to mention both because somehow we snuck up past 20,000, so that the big triple digit numbers on a percentage basis need to be put into perspective. It gets people nervous on a late thursday especially a late session selloff, that leads into friday its not awful necessarily this morning, but it is down, showing continuing losses. Treasury yields, the markets rallied sharply yesterday. Back below 2. 2 on the tenyear thats whar what wet were loot today. It was
The stock. Hell be here to explain. And the sooner state oil boom. Brian sullivan drills down in americas hottest new energy hub, oklahoma. And he will join us live. Power lunch starts right now. Welcome to power lunch. Im melissa lee. Stocks are down big as fears of a coming rate hike rattled the markets. Take a look at where we stand in the markets right now. Dow, s p, nasdaq all near session lows, for dow 230 point loss, nasdaq being hit hard as people are taking profits in technology down by 1. 6 now. Big moves also in rate sensitive sectors, utilities and reits solidly in the red right now, michelle. Yeah, they sure are. Im michelle carusocabrera. Heres what else is happening at this hour. General motors recalling 4 million vehicles worldwide for software defect that has been linked to at least one death. The white house vowing to hit north korea with new sanctions following a nuclear test. And the house unanimously passing a bill allowing families of 9 11 victims to sue saudi ara