Investors. Novozymes shares suffer the worst falls after it cuts guidance. Clear as mud. Markets await a data dump from the bank of england with everything due at once. This is sterlings super thursday. Coming up on the show tonight is the night. The first gop debate and John Stewarts last ever daily show but which one are you tuning in for . Were finding out. Plus could tesla have a deal with uber. Find out what has analysts speculating. Facebook serves another blow to twitter as it launches a Video Streaming Service but dont extreme to see Worldwide Exchange team on there yet. Well explain why, later. Yesterday a pretty strong day largely because earnings were impressive for european stocks. Today a slightly soft performance in the market and that comes out because of soft earnings from various companies. Lets look at the sectors, gainers and losers for the year. Stoxx 600 and its oil and gas wallowing at the bottom of the performance. Thats because oil prices having slid on monday s
Talking on scott wapners half technical foul report, that the stock had come down too far too fast i like nvidia the company very much, so does andrew by the way, and when i debated him about it, i thought he made a lot of sense, the stock had indeed gone from 102 to 168 in a little more than six weeks. Yet i felt that the analysis was a bit more than a speeding ticket for nvidia. The stock had accumulated for going up, up, up we agreed to that today when scott wapners Halftime Report and it got a lot of tourists i love that. And these tourists were easily panicked, they were fellow shareholders that had to be shaken out with nvidia down from 150, down from 168, is that enough of a correction to get him started with some buys certainly at 1. 68, i think the answer is yes. But i also have to tell you, that the first buy if you missed the bottom today, may not be your only buy. The second reason for the decline, kind of thoughtful, but i think mistaken downgrade of apple today. New name
Earnings. Joining us is Christine Harper from bloomberg. We are joined also by allison williams. Christine barclays and some of the banks around the world are up. Postbrexitthe trading and money market reform is coming into play today. That drove up client act timmy. Rates in particular. The fixed income trading is not really anything. Nobody was expecting that. Allison estimates started to come out and people felt better. We knew it was strong because of exit. August was a typical seasonal slowdown. Saw, inm things we general when things are accelerating, thats only 10 to get some of these beats. Christine its interesting. Thatd the First Quarter was terrible for a lot of banks. The Third Quarter which was summer was really good. Its up 48 year on year. On the money market reforms, how much of that is a oneoff due to that figure we wont see again in the next quarter . There is always a number of things that we are not going to see in the next quarter that we will hear analysts asking
2016. U. S. National Hurricane Center says hermine is weakening in longer a hurricane moving in southern a georgia. It was first hurricane to hit florida in more than a decade after irk in georgia hermine is expect to move in the carolinas and up the east coast with potential for drenching rain and deadly flooding. What will this do for our Holiday Weekend. Could not be worse timing. It will not affect to us day at all. We have a beautiful morning. If we could keep this weather going and send hermine packing it would be a perfect Holiday Weekend. That is not the case. All have the more to even why i todays weather moving down to the south and see eye of the storm is kind of around the border between georgia and florida and heading toward the north east. We will have more details about the the path of the storm coming up but we have Tropical Storm watch along our coastal counties for the weekend with the possibility of wind and rain, and definitely heavy surf and dangerous rip currents.
Wti down 2. 5 . The mid to high 44 a barrel range. Were going to get more on oil and the opec meeting going on in algeria in a little bit. Good news, oil slide not really hitting your stock investments. The dow regaining some of what it lost yesterday. The dow is up 131 points now. American express, cisco and ibm, some of your top performers on the dow. Welcome back. Tyler mathisen here and here is what else is happening in this hour. Wells fargo reportedly considering executive clawbacks in the wake of that fake Customer Account scandal. Will trade organizations slashing the global trade growth forecast for the year citing the slowdown in china. Welcome, im michelle carusocabrera. One down, two to go following an historic night at hofstra. We are already counting you down to the next big debate. Here at cnbc, we like to look at the betting markets to see where the money is going. Folks at predict it putting the odds of a clinton win at 67 versus 35 for trump. Clinton gaining six point