Candidates couldnting more different, and the polls are very close. So the level of uncertainty is much greater than if we had a runaway frontrunner. Does the fear make sense . Should the averages have been merciless . Frankly, i dont want to make any determinations because at the end of the day, this is a political question, and that means its up to you. My expertise is picking stocks, not politics. There, even for one evening. But i just cant ignore the elephant in the room because that would mean ignoring whats driving the market, and thats whats coming up at 9 00 p. M. On cnbc. The first of the president ial debates between donald trump and Hillary Clinton. Im tuning in. I hope you do too. So where do we begin . Lets talk about what business thinks first of this election. As the wall street journal reported in an amazing story last week, and i quote, no fortune 100 ceos back republican this kind of tsunami support for clinton explains one of the major reasons for todays decline. It
Dow tumbling 167 points. S p sinking 0. 86 . Nasdaq losing 0. 91 today because the styles of the two candidates couldnting more different, and the polls are very close. So the level of uncertainty is much greater than if we had a runaway frontrunner. Does the fear make sense . Should the averages have been merciless . Frankly, i dont want to make any determinations because at the end of the day, this is a political question, and that means its up to you. My expertise is picking stocks, not politics. And im uncomfortable even going there, even for one evening. But i just cant ignore the elephant in the room because that would mean ignoring whats driving the market, and thats whats coming up at 9 00 p. M. On cnbc. The first of the president ial debates between donald trump and hillary clinton. Im tuning in. I hope you do too. So where do we begin . Lets talk about what business thinks first of this election. As the wall street journal reported in an amazing story last week, and i quote,
Exclusively to the chairman of the official monetary and Financial Institutions are board forum board. Stay tuned we will be talking fed. Word around the world after the Federal Reserve sidestepped the opportunity to raise Interest Rates soon rates for the First Time Since 2016. Since 2013. Heres a recap. That officials were reluctant to end the era of record monetary stimulus in a time of market turmoil and rising risk. Policymakers say none of those have significantly affected the u. S. Economy so far, they cant be sure they wont. The outlook abroad appears to have become more uncertain as of late, and heightened concerns to back a growth in china and other emerging market economies have led to notable volatility and Financial Markets. Eal she says they would be reassured of unemployment continued to fall. Forecast their they now see the jobless rate at 4. 8 by next year. At the same time, they also see inflation rising at a slower pace. Because of that, the doctor plot where policym
I was told this weekend there was no sun in london since september. What an exciting week in the end up in paris later this week. A few things are going on. Jobs data onhave friday. Its going to be a very big week. Here is vonnie in new york. Vonnie good morning. More than 140 leaders will try to reach the First Company to deal to curb Greenhouse Gases. President obama and other leaders are in paris. There is broader support for a deal that was the last conference six years ago. One Sticking Point is how much power countries will cut their omissions. A demonstration turned violent. The french president and police were involved. Police arrested more than 200 demonstrators. France had been demonstrations as part of security members measures. The eu and turkey have agreed on a deal to slow the flood of refugees to your. Turkey will increase his poor control and the eu will give the turks 3 billion to help refugees. The university of chicago has canceled classes after receiving an anonymou
We had gotten so oversold, many people had been relentlessly selling for days. Money managers have become so viscerally negative, it wouldnt take much to spur a rally. Think about it, almost every stock in the s p 500 has been trashed for ages, except a narrow gro of winners in 2015, the muchanointed acronymic f. A. N. G. Facebook, amazon, netflix, and google now alphabet. Yesterday these stocks were obliterated. They were gasping for air. The bear had sunk its teeth into their collective jugular. It was like sweet honey for the grizzly. As Bruce Springsteen taught us, you cant start a fire without a spark. When we left the office last night, i know we sure didnt have one. You know what i wanted to do . It was like the old days. I wanted to sip a bottle of linoleum floor. When that closing bell rang, believe me, i would have. But the wife has me on this darn cleanse that would suck the life out of anyone, stuff it with quinoa. I wonder how my old pal Johnnie Walker would go in my spina