Seeing. Sarah you look at equities in japan right now. The nikkei 225 of more than five percent, trading below 20,000 for the first time in over a year. What is already been very rough price action is only getting worse as time goes on. You look at s p 500 futures trading at the 5 limit from the friday reference price. 28. 1 nine. At futures continue to trade. They just cannot jump although it or fall below it. That is the first time we have seen a limit down since donald trump did win the presidency in 2016. The asx having its worst day since 2008. Msi market watch, the asiapacific region is having its worst day since june of 2016. What is really pulling lower is the energy stuck. Off by 8 . That is the worst day since 2008. It is your upstream energy companies. Your producers that are weighing. The worst day since 1988. Also some of your worst performers coming out of hong kong. The legs of oil fields having its worst day ever, off 15 anything. Energy related really all 15 . Anything
Was purposely weakening the euro today. And we continue to see euro strength relative to dollar weakness. Draghiat is not what wants, he defined as not want a stronger euro at this point. And he was pushing back against the president. European equities going nowhere in a hurry today. The volume is actually reasonably ok. Some of the defensive names being sold off today, and you are also seeing something of a selloff when it comes to the bond markets. A little bit former come up by three basis points on the german tenyear. Today, just firming up a little happenswe wait what with the fed a little later on. ,he turkish lira, there were real weaknesses within earlier as there was talk of increasing sanctions on ankara as a result of the potential decision by the country to buy the s400 Missile System from russia. That really got the. Markets. Of the the dollar weakness has crept into the story and now, that is feeding on the turkish lira. Let us talk about the fed. As you say, taylor, it i
Now gms getting in on that. Connell top of the hour. Maybe a little upset about washington. Nicole petallides on the floor of the New York Stock Exchange. Nicole definitely seeing a sense of frustration on wall street got into the second week of trading that the government hasnt come to some sort of resolution. In the meantime the market has just been drifting lower. We are down 81 points, however it is just that kind of sentiment you dont feel like testing the market all 10 sectors are to the downside, still uncertainty looming about october 17 that silly and our Credit Rating and economy, not getting economic numbers into even get a gauge of how things are going so really the whole thing presents a real wild card. Breaking into key support levels selling upon selling. Connell thanks. To the ticking time bomb of Social Security Disability Insurance fund is front and center again. Wall street journal reported this is from the journal for years now, the fund would need to make cuts in b
Fiveyear highs right now. Moving to the upside. Seems as if weve got like a 78point rally going on there on the dow. Moving towards the close. One more hour of trading. All right, everybody. Get on facebook and be sad. Ill see you tomorrow. Closing bell is next. She lip synched the thing . I had no idea. Far more humble pie, come on. Welcome to closing bell. Im Bill Griffith here at the new york stock exchange. Another winning day for stocks so far. They all lip synch. Im michelle carusocabrera. Following another big market move today. The dow and s p 500 on track to close at fresh fiveyear highs and we keep saying that day after day. The dow is within 400 points of an alltime high. Plus, maria is going to be bringing us some cant miss reports out of daffio, including her interview with jamie dimon, and hes all fired up about the heat that the Banking Industry is taking. His comments making waves all over the world. Maria with jamie dimon coming up. Also with us here at the new york st
And could choke off access up to 15 billion barrels of oil. Well drill down on the answers. Plus, more talk and no walk in washington. Shocker there. Both side insist we need to stop spending. Not that theyre cutting a single penny from a single government program. Fox newss bret baier with the real cost of spending. We all love a good hamburger, right . But is that pesky wrapper keep getting in your way . One fastfood chain may have solved the problem for good. Theyre making the wrapper edible. You have to see this one to believe it, trust me. Even when they say its not it is always about money. Melissa first, lets take a look at the days market headlines. Fiscal cliff talks may be a mess but not ruining the party for investors. U. S. Third quarter gdp was revised up to 3. 1 . Not bad. November existing home seams sales hit nice not seen. Wall street shares of the Nyse Euronext skyrocketed 34 . The company is being acquired by rival Intercontinental Exchange for 3. 2 billion in cash a