Those blasts sent massive fire balls into the nights sky. The initial blast erupted at a warehouse for Hazardous Materials and triggered other explosions at nearby businesses. Those explosions could be felt miles away. The cause at this point not immediately clear. Lets take a look at some live pictures this morning from tianjin china. You can still see the smoke cloud billowing. We heard from hyundai. Well take more of a look at whats happening with china in a bit. About 4,000 imported vehicles were destroyed by that blast. Heres the big stories today, China Central bank holding a News Conference in beijing overnight arguing theres no basis for continued currency depreciation. Earlier in the day they set the rate below yesterdays close. Well have a live report in a moment. Athens wants to see a vote before a euro zone identifinanc meeting tomorrow. It argued it lacked clarity on the direction of policies. Here in the u. S. A busy day on the data front. We get jobless claims, july reta
Live from bloombergs u. S. And asian headquarters. I am betty liu in new york, it is after 7 00 p. M. Shery it is after 7 00 a. M. In hong kong. I am shery ahn. Injured aftermore a van hit pedestrians in one of barcelonas most popular streets. Two have been arrested in Los Angeles Las ramblas. Spain has a history of terrorism. Passengers were killed by bombers in madrid in 2004. There are rumors gary cohn would be resigning as President Trumps top advisor and not to mention the political scandal going on. That is leading the markets. They took a big hit overnight. Betty they absolutely did, as you point out. It was interesting to see the terror attack rattled investors. But it was gary cohn and his possible departure that hit the markets. I want to pull up a chart g btv 360. It really tells the story. We saw the second worst day in terms of the drop of the s p, down 1. 5 today. The second time it has dropped more than 1 since last thursday. We thought north korea would continue to domi
It is losing its grip on the pc market. We end the week we started the week with geopolitical sermons over north korea. That has dissipated to a sense and now we have the vix spiking. The s p seeing it secondworst decline of the year. That was on continued political dysfunction out of washington. The Trump Administration in a state of policy paralysis as the to speak continues about charlottesville events and through his twitter page. Playingrisk aversion into the u. S. Session. I want to go to a click chart because this is a data point macro line we are looking at this hour. We are getting china property numbers, and what we have seen is this calm down for major cities. Beijing and shanghai seeing quite a sharp slowdown when it comes to stocks in these major cities. Moving quickly to quell what was seen as a property bubble. There were concerns of Housing Affordability and speculative line. We have seen the slowdown in prices. Bit moreing a little moderate because these measures have
Brown and john spalen zahny, chief macrostrategist with cig group. And spurred today by a blowout jobs report, many big stocks are on the move this hour continuing what has been a great quarter, and, josh, its been tech. Techs the best performer in the quarter. I mentioned all of the sectors that are ripping. Stocks like microsoft at levels not seen since january of 2000, nvidia, highest level since 1999. Yeah. Well, the last to break out, but certainly making up for that. Look at the xlk, the tech sector, s p circuit spider. Whats important here is, its slightly overbought. Shortterm rsi. About 73. Could see a little bit of a pullback there, but momentum is a positive thing. Not a negative thing. Turning our attention to the ndx name, 71 of the nasdaq names above the 200day moving average. Go back a full year to find that. The difference between now and last summer, accelerating. Last summer, that percentage was tapering off. Breadth is expanding. Leadership names are acting like lead
For the speaker. He will have to decide if he wants to speak by the majority. Of Freedom Caucus would have the power to put that in jeopardy for a lot of legislation. Susan it looks like the dye is cast for continuing resolution for the short term. Perhaps an interesting lameduck session and an interesting Congress Next year. Thank you for your time. Cspan, created by americas Cable Companies and brought you as a Public Service by your cable or satellite provider. More, we will have a government of, by, and for the people. We are stronger together. And no matter what, remember this, love trumps hate. Cspans campaign 2016 continues on the road to the white house with the first president ial debate, monday night, live from Hofstra University in hempstead, new york beginning at 7 30 p. M. Eastern with a preview of the debate. At 8 30 p. M. , the predebate briefing of the audience. At 9 00, live coverage of the debate a load by viewer reaction. The president ial debate on cspan. Watch anyt