Nearly 3,000 coming just in the first 90 minutes. The blue chip index closing down more than 500 points for the second straight day and over the last three sessions the dow and s p are down nearly 9 and the nasdaq is off almost 10 yesterday alone 685 billion is lost among market cap in s p 500 companies. Thats 100 billion more than apples market cap. If they dont tell you enough about the volatility check out the vix. Moving above 50 intraday for the first time. Check out the front pages of some major newspapers around the world today. Youre looking at sort of a full list of whats going on in virtually everybody touches on the market above the fold. Like the bear there on the New York Post . Wild. And the guys a lot of times the photographer is waiting and he may have a scratch here on his eyebrow and looks like hes stressed. I think they pose for them now. They see the photographer coming and theyre like that and just do that look. They want to be in the paper. Come on. Have you notic
The election but it has had an effect on the markets today. Clintons performance causing a additionlly today in to we have a Consumer Confidence reading for august that was the strongest in nine years with survey respondents saying they see jobs as plentiful at the moment. Aroundhave been hovering highs of the sessions for most of the day. What specifically we are watching, the fang stocks to the floor as of late. Largecap technology counting for a lot of the recent gains we see. We were talking about the sector spider report and amazon trading a record. Netflix higher, helped by price target increase. Alpha that is also gaining ground, so tech is the single biggest contributor. One exception is linkedin, on a report that there may be regulatory opposition in the eu. Thats coming from a Market Research firm. Clearly where those headlines hit. So thats a bit of outlier in technology today. Creating a bit of a in other types of cyclical groups, Energy Shares because we see a decline in o
Im wilfred frost. Thanks for joining us. Lets have a look at stocks right now. They are selling off hard. Asia closing in the red, which has seen europe follow suit and down in early trade as well. Lets show you the morning action, as we speak. First up, u. S. Futures. First day of the trading day for the Second Quarter. Starting off in the red. Were not looking at sharp declines compared to some of the action were seei ining oversea. Dow futures down 19. S p futures down four. Nasdaq futures down 11. Overnight in asia, selling in china even with some positive manufacturing data in china. Though, the shanghai comp managed to close flat. Also reaction to Standard Poors cutting the Credit Rating one notch. Japans nikkei closing down 3. 5 . The survey measure there disappointing. In china, that better read on manufacturing. Couldnt manage to lift shares more than 0. 17 . The hang seng in hong kong down 1. 3 . I think asian markets generally responding more to that downgrade in china than
Hour, if you take a look, youll see right now they are indicated higher. Theyll open up by about 32 points. Plus, take a look at oil pries this morning. Youll see at least right now theyre trading down slightly, down by about 42 cents. Youre looking at wti trading above 106. Right now, 106. 48. On todays agenda, the may consumer Housing Starts coming up and the fomc begins a twoday policy meeting. Andrew, over to you. Thank you, becky. I feel whippinded. People that have not done this dont realize the feeling that you can have. Where youre running and then you have to talk. Really bad idea. And i will say 90 seconds ago, none of us were on set. I always move a little slow. Its frightening, too, because you have to key breathing. Its a real panic. Thanks for putting that out there. We were laughing so hard. Anyway i was trying. I was trying to use the natural breaks. You can take your time coming back. Relax. Well continue that in just a second. Lets get you caught up with some of the c
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