Equities did end off their lows. Lets get right to the closing numbers on this, the first trading day of the new year. The dow industrials dropped 276 points to 17,147. It had been off as much as 467 points earlier in the day. The nasdaq declined 104 points. Thats 2 . And the s p 500 lost 31. The trigger, china and more evidence of slowing growth in the worlds second largest economy. A new report out of that country showed the Manufacturing Sector contracted at the end of 2015. The shanghai stock market plunged almost 7 and then Circuit Breakers kicked in and trading was halted. From asia the selling spread around the world to europe first and then here to wall street. But china wasnt the only cause for the drop today. Bob pisani has more on todays rout from the New York Stock Exchange. Reporter ugg. What a lousy open for the year. Most of the market was down 2 the whole day except for a very brief rally at the close. There were several reasons that stocks traded down. First we had a p
Equities did end off their lows. Lets get right to the closing numbers on this, the first trading day of the new year. The dow industrials dropped 276 points to 17,147. It had been off as much as 467 points earlier in the day. The nasdaq declined 104 points. Thats 2 . And the s p 500 lost 31. The trigger, china and more evidence of slowing growth in the worlds second largest economy. A new report out of that country showed the Manufacturing Sector contracted at the end of 2015. The shanghai stock market plunged almost 7 and then Circuit Breakers kicked in and trading was halted. From asia the selling spread around the world to europe first and then here to wall street. But china wasnt the only cause for the drop today. Bob pisani has more on todays rout from the New York Stock Exchange. Reporter ugg. What a lousy open for the year. Most of the market was down 2 the whole day except for a very brief rally at the close. There were several reasons that stocks traded down. First we had a p
From the edges. And then by january, the ocean ice is thick. Those were the days when the ice formed to 30 feet thick, solid ice. And you trust that youre safe on the ice. And that it provided for you. Things arent the same anymore. When the big waves are coming in. I always watch those dogs down there. When theyre scared. They always sense the bad weather. The temperatures in the arctic are rising faster than anywhere else in the world and that swift rise has brought dramatic changes to dozens of small alaska native villages along the coast. The thick ice that once protected them from storms is gone and as the earth warms, so does the land, now so soft that it crumbles into the water with each wave that hits the shore. Last night i saw homes being thrashed in my minds eye, falling into the land failure. Thats why i couldnt fall asleep. The changes have pushed communities in alaska to face an impossible question where do you go when forces beyond your control take your home . When it g
Ice is thick. Those were the days when the ice formed to 30 feet thick, solid ice. And you trust that youre safe on the ice. And that it provided for you. Things arent the same anymore. When the big waves are coming in. I always watch those dogs down there. When theyre scared. They always sense the bad weather. The temperatures in the arctic are rising faster than anywhere else in the world and that swift rise has brought dramatic changes to dozens of small alaska native villages along the coast. The thick ice that once protected them from storms is gone and as the earth warms, so does the land, now so soft that it crumbles into the water with each wave that hits the shore. Last night i saw homes being thrashed in my minds eye, falling into the land failure. Thats why i couldnt fall asleep. The changes have pushed communities in alaska to face an impossible question where do you go when forces beyond your control take your home . When it gets bad here, you can hear it and i know its go
We dont know if this is politically motivated. There are some indications that it could be. Threatgovernment cited a posed by the Islamic State and raise the terror rating. A sweeping victory in japan gives the Prime Minister a mandate for his reform package. It forced leader of the opposition to resign. Thirdsnt more than two of the seats in japans parliament. Obama congress is getting a green light for stricter sanctions on russia. It allows them to send russian weapons to ukraine. It is the largest leveraged buyout this year. A group led by a British Company is buying petsmart. Beat out another firm. Petsmart has been hurt by other retailers. Holidays,et near the its the busiest day of the year , mailing day. This is a rush for the Postal Service. Henan 40 handle a six million cars and the packages today. The post office as you can wait until the 20th. Amazon is saving the u. S. Postal service. Lets do a day to check. A nuanced data check. Yield does nothing. Its back to where it wa