Commercial free dan nathan tim seymour and. And the head of rbc capital markets. Let us recap how this incredible day played out the dow just had the biggest point drop in history. Falling 1190 points. A 4. 4 drop. The dow index has now lost 3,200 points in week alone its now down nearly 10 this year the s p meantime falling 4. 4 as well handing in the worst day since august of 2011 and this is the fastest correction, a 10 drop from highs in the entire history of the stock market lets focused on big names you know controlling the market, fangs tumbling as well and took the market with them you had apple down 6. 5 . Google 5. 5 and microsoft a 7 drop wow. As stocks sold off buyers they flooded into bonds the 10year yield at one point trading at 109. 24 ended at 1. 26. The lowest at any time in American History for the ten years. Bond traders expect a rate cut on march 18th. But there is chatter possibility of intrameeting cut between now and then all told, the fear on the street is very
Confidence ticking lower in november though still largely positive. Joining us for the hour is mark tepper from Strategic Wealth partners mark, welcome. Thanks for having me. Even as i just went through those different points that are driving the action today, weve got records again for the dow and the s p, albeit just barely. Right, yes. I mean, all investors are pretty much still riskon and whats most surprising to me is you have this news coming out of china where china is potentiallily bay lbalking at ae deal, but were at a new alltime high. The market has shifted from one of economic deflation to policy reflation and thats typically good for stocks, right a low inflation, Slower Growth economy is good for stocks over the next six to nine months, now would not be a good time to be underweight equities. You want to be pathetics right now. Is the trade deal priced into this market . I think completely, almost fully priced in right now. I think weve seen quite the runup over the cours
The u. S. May give approval next month, but either regulators are more cautious. Tencent music find the right beat with earnings topic the highest analyst estimates. Lets take a look at how asian markets are set to trade today after a pretty terrible session yesterday. We did not get a great lead from the u. S. Wall street seeing very thin volumes and expert tatian still high that we will see this trade deal but some uncertainty coming through in the mix as well as you look at yesterdays trading due to we are looking at trading starting in sydney, i staggered open pretty much flat at the open after a robust session on monday. New zealand trading at 1 10 of 1 ahead of the rbnz decision. Economists split about whether we will see another 25 basis points easing from the new releases new zealand central bank. We will get some hints to what direction they will go with the inflation exit tatians report later today as well as housing prices. To cargo nikkei futures flat at the moment. We are
A live look outside us smoke blankets the bay this morning and another spare the air alert is in effect. All the smoke is coming from the kincaid buyer and it is exploded in size, this morning crews are doing what they can to save homes and keep the fire under control. The high fire danger marks the start of the longest pg e power outage yet, all speaking out, 6 am saturday, october 26, good morning and thank you for joining us. Lets get right to the weather because that is the driving force behind the fire, looking live to the skyline, it is not quite as smoky as it will be later, that will start to flow into the afternoon and mid Morning Hours with current temperatures right now pretty mild, 53 with current temperatures right now pretty mild, 5352 at livermore 43 at santa rosa, temperatures will start to climb as the sunshine comes up. The breakfast forecast as far as what you can expect today, sunrise is at 7 28 am, hazy skies will be for the entire bay area as a result of the smoke
Toward geyser ville forcing mandatory evacuations in that area People Living in the northern part of healdsburg are under an evacuation warning, 49 structures have been destroyed so far we have Team Coverage for you tonight on the fire meteorologist Mabrisa Rodriguez keeping an eye on the winds, the heat and the humidity fueling the flames kron fours michelle kingston went to the fire line with fire crews and now Justine Waldman went to the downtown area of guys erbil where some people are staying behind to help the fire crews. But first we want go to kron fours taylor sacchi who was at that cal fire News Conference that just wrapped up. Taylor with the latest. Well the biggest thing here is that firefighters are making some progress now we all saw is that fire exploded last night inside so quickly after the course of the entire day, its only grown 6,000 more acres and firefighters say that the calm the winds and the daylight has really helped them get a handle on top of this fire. Now