Report for wednesday, august 7th. Good evening everyone and welcome. Call it the summer stumble. It doesnt qualify as a swoon or full fledged sale off yet but u. S. Stocks fell dropping like dominos. Japan notably declined 4 as the yen rose against the dollar. Here in the u. S. Investors seemed unsettled by reoccurring fed chatter thinking the u. S. May scale back stimulus in september maybe not. If not, maybe the end of the year. Either way, investors didnt like it. The dow dropped 48 points and the nasdaq to 3654 and the s p 500 closed at 1690 and change. Since 1987, august is the worst month for stocks, so what should investors do . Joining us with his thoughts, Global Market strategist at jp morgan funds. Andres there is a summer lull. What is the smart thing for investors to do . Do you buy, sale, just sit tight . For the active investor, shortterm investment horizon nobody wants to be a hero this august considering how strong the markets rallied. If youre a longterm investors it
Products but finding them is a different story. So we hit the mall to see for ourselves in our special series made in america. We have all that and more tonight on nightly Business Report for wednesday, august 7th. Good evening everyone and welcome. Call it the summer stumble. It doesnt qualify as a swoon or full fledged sale off yet but u. S. Stocks fell dropping like dominos. Japan notably declined 4 as the yen rose against the dollar. Here in the u. S. Investors seemed unsettled by reoccurring fed chatter thinking the u. S. May scale back stimulus in september maybe not. If not, maybe the end of the year. Either way, investors didnt like it. The dow dropped 48 points and the nasdaq to 3654 and the s p 500 closed at 1690 and change. Since 1987, august is the worst month for stocks, so what should investors do . Joining us with his thoughts, Global Market strategist at jp morgan funds. Andres there is a summer lull. What is the smart thing for investors to do . Do you buy, sale, just
Absolutely not true. Im rory devine, nbc bay area. We just got word that the San Diego County Sheriffs Department is going to hold a News Conference with the family of the missing children. Some relatives at 5 30. Well are bring you is the latest at 6 00. That text alert from the chp late last night caught many people off guard. How does it work . Why was it so loud and can we opt out. Kris sanchez joins us from san jose. This was the first time i received a text alert from the chp. In fact, that text did not come from the chp. It came from ctia, the wireless trade organization that manages the wireless Emergency Alerts. Its very confusing right now. Youre not the only one who has questions about it. We found a lot of folks didnt know this was a possibility until the phones started blowing up around 11 00 last night. My phone went off last night. Yeah, it caught me by surprise. Even chp officer chris was caught off guard by the loud buzzing alarm coming from his cell phone when the san
What do you make of this little stumble weve had it for three, believe it or not, three days in a row. Right. Of u. S. Equities sliding a bit . I gather your view, medium and longterm on the u. S. Economy is pretty good and hence, for u. S. Stocks, as well. Sure, i think the catalyst for the recent run up to really last week had been earnings. Earnings have not only met expectations but really beat them and that catalyst is drawing to a close. Were almost done and at this point i wouldnt read too much into the daily volatility of the market because volume is low. Come september, i think everyone will come back to play and thats really going to dictate where the rest of the year goes for equity. There is something about september, there is mentality of getting serious again, back to school, whatever. The theme so far this year for investors is buy now and sell higher later. Do you see that theme changing come september . Yeah, i think that if you have to take a step back and say if i ha
Business. Hi, everyone. Im j. J. Ramberg and welcome to your business, a show dedicated to helping your growing business. When we first started this business 12 years ago, there was not a lot of attention paid to female founders. The fact is there are less of them than male founders. Theyre starting to get the attention that they, we all deserve. Today were dedicating the whole program to women in business and we kick it off with one owner here in new york. She started a Service Business and then decided to spen off a second productbased company. She was shocked to discover how different running those two wering but figured out a way to make it all work. The handyman tasha is healthy in a good way. Shes not a tie ramt. This brooklyn based couple couldnt have more different style. She pulled a check out of her purse that was about a year old. She said, oh, i just found this. I was like, really. I cant fathom being ten cents off on my reconciliation, let alone losing an entire check for