Bit of again have a cyclical or rotation reopening rotation happening with the financials, materials, real estate to the upside. On the bottom we have tack. Financials are not being helped today. Bonds selloff. Intel,ight down by putting up a disappointing, lackluster guidance. The first down week for stocks in four weeks. David as we have talked about although sponsor comeback a little bit they are still at or above their range. The dollar is still down a bit. Abigail you are right about that. With bonds it is interesting. If you put the dollar in there, it is climbing as rates go higher. That has not been happening. What makes the bond rate so interesting is it has pressured stocks. Last three over the months has been basically stuck in this range. This decline turns into something bigger, we could have the s p 500 go back towards the september low. My sense would be what you are talking about. The opposite happening for yield and pressuring stocks down. We saw that back in june. Tha
In nagornokarabakh. Youre watching live from paris. Thanks for joining us. Madrid has become the first European Capital to be put back into lockdown since it has struggled to contain surging coronavirus cases. Some 4. 8 million will be barred from the area this friday evening as part of a slew of new restrictions. Rules are lester coconnie and tn back in march a are less draconian than back in march. I am joined by our correspondent sarah morris. Sounds like it will be a little less tough than earlier in the year, but a host of new measures being rolled out. Tell us what they are and how people are reacting. As you s said, less draconian than the First National lockdown which affected madrid. Then the spanish people, for three months, were not allowed even to go outside for a walk, unless it was for a medical reason. Under this partial lockdown, up to 5 million m madrid people are in the city, the capital, and in nine surrounding commuter towns will not be able to travel outside their
Jim, jon and shannon lets get a check on markets this hour. Stocks are plunging again. Off theirs worst levels and the nasdaq is the biggest loser of the day led by the Technology Names. The dow was up at one point this morning almost 250 points. Now has done a complete uturn and is down triple digits ina big way. Theyre off 425 points thats off the lows of the day the last couple of days, has it made you frightened of what could be to come no. Not at all i think this is healthy profit taking i think whats going on is this massive rotation from growth into value if you think about it, the russell 1000 growth index even after this pull back is up 21 year to date you know that apple and nvidia and zoom are up 340 from the march lows in is healthy i think the rotation makes sense. The reason it makes sense is because the Economic Data continues to surprise to the up side were recovering faster than anybody thought. This is on top of yesterdays data part of consumer manufacturing now youre
Continued weakness from pimco but they defended the performance of the Asset Management business to cnbc. Pimco is still the strong bond house it used to be. Total theres an excellent performance year to date. Almost back to its shining days in performance. A losing quarter for zinga. The Gaming Company disappoints with guidance and falling active users sending shares over 10 lower. Im carolyn roth. Coming up on the show alibaba is getting real. How the ecommerce giant is trying to win back customers fed up with knockoff goods. Plus this is it, jon stewart signs off after 16 years hosting the daily show. We bring you the highlights from the star studded show. And new route to investment. Were getting on board we i didnt want as it opens the new sewa canal. Find out how much it costs after the break. It beats expectations and strengthens the feds ability to raise rates in the month of september. You can see the dow up around 18 points in premarket trade. Stocks ending lower in yesterday
Driving out big advances against the group and iraq. Thousands of catalans protest against the detention of their leaders is a spanish judge issues and the rest warrant for the deposed regional president. A stopover in hawaii before u. S. President donald trump heads to five nations in twelve days well preview his asia tour and the challenges it poses. And well introduce you to the new wave of hong kong weaving modern life into an ancient cruft. Has suffered significant setbacks on two fronts in iraq the Prime Minister has announced the recapture. On the Syrian Border and has taken control of the city. But as reports that are fears of an escalation in civil war between Government Forces fighting for the ground last. Syrian army is expanding its military gains in the eastern part of the country Government Forces have retaken the city of dale saw after months of fighting they are now moving north to secure Major Oil Fields but moving north could lead to clashes between the army and he sa