Now people are suggesting because of the weirdo incidents, cramer called them morons the vix is leading the market because people are selling to pay for positions they were in over their head on. Wouldnt be the first time the tail wags the dog. Is it the tail or the dog the answer is yes. Guys, take it away. Have a good couple hours. Thank you this is the closing bell, everybody. The final hour of trade has everybody focused on whether were going to go back and retest the lows weve seen this week. We have sort of, but is it enough thats the question. Is is it enough for the market another big selloff. The dow was down nearly 700 points at the lows midday, but we are well off those lows right now but that could change. Stick around as bill mentioned, we have higher Interest Rates. That could be one factor sparking selling another thing to keep an eye on, the u. S. Dollar hit a twoweek high earlier in the session before it gave background. Right now we have Team Coverage of this decline
Dom, thank you very much for that good morning, its 8 00 a. M. At disney headquarters in burbank, california, 11 00 a. M. On wall street, and squawk alley is live good tuesday morning, welcome to squawk alley. Im Carl Quintanilla with sara eisen and john fortt on the new york stock exchange. Scott galloway, of course, from Nyu Stern School of business is at post 9. Good morning, guys you can guess what were going to talk about at the top that is acquisition talks sending shock waves through the media world. Disney reportedly held discussions to buy most of 21st century fox, increased competition from rivals like netflix and control of hulu both considered part of the motivation for that deal professor, you first on this, and we talked about how it shows flexibility on both fox and disneys side in adapting to a netflix era, right yeah, everyones bulking up, and because when you think about it, amazon and whole foods, facebook and instagram, the greatest acquisition that didnt happen wou
Furious about what he considered an illegal leak by mr. Comey to reporters. The state of michigan is suing flint for endangering the public. The flint City Councils failure to approve a longterm water plant with the public, already troubled by a water crisis, into new danger. Instead of going with mayor waivers 30 year plan, the council okd a shortterm extension with the great lakes water authority. President emmanuel macrons cabinet today took a major step to loosening of the countrys labor market. Ministers approved the plan to negotiate reforms with unions and business groups. They want to make it easier for companies to fire employees and for companies to negotiate their own wage deals rather than rely on industrywide contacts. Global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. I am mark crumpton. This is bloomberg. Julia live from bloombergs wild worl world bloombergs will is in new york. Scarlet u. S. Stocks having a winning
Original thinkers. That is quite a promise. Lets head to the markets desk with julie hyman has the latest on this rebound of the markets. Julie i went to a fundraiser for my son school. A pair of hamilton tickets in the auction went for four thousand dollars. Cause, they are a hot commodity here in the city. Its good to markets. It looks likes cap markets are very hot. We are seen a bounce back from yesterdays decline, and, we are really seen a switch flip day by day here in the markets. ,ot just here in the u. S. Globally, risk on, risk off. Thise seeing a breaking of week in the japanese yen as well. Is rising versus the japanese yen the first time in six sessions. Among other things, japanese officials making indications that the bank of japan of a government would be willing to intervene with a currency intervention. It was very vague. Nonetheless, they are hoping to trigger that reversal. U. S. Stocks every commodity driven. Energy materials are the two bestperforming groups. It d
Sows. The dow is indicated to open lower by 187 points. S p futures down by 24 and nasdaq down by 61. Chinese president has arrived in the United States. Hes going to begin in seattle to meet Business Leaders including tim cook, bill gates and bob iger. And then to washington with an official state visit. He is defending the leadership of the chinese economy. He promises that slowing growth and market swings wont stop needed reforms. Meanwhile, he is calling on china to keep its economic commitments. He says beijing should set its sights on policies that will further its reform agenda such as targeted agenda and they should be subject to upward pressure that would drive the currency up and not just down. Well see what he says out in seattle to the ceos and what theyre looking for and then of course what the president says to him when he arrives in washington. Theyre not, the pope and the chinese guy everybody hanging since theyre in the same place. A little cocktail party. Pope does lo