Its been a wide range today. Former citigroup ceo sandy weill will join us to discuss the water shed moment at his former company which just became the first major u. S. Bank to appoint a female ceo plus, well speak with jason robins from draftkings ahead of tonights nfl kickoff. And we are counting you down to some exciting earnings after the bell today including peloton, oracle, and chewy. Two out of three are big stay at home winners plus an interview with chewys ceo as soon as the numbers hit the tape lets get straight to the market in the final hour of trade another volatile session on wall street mike santoli tracking the action for us what caused the weakness here in the last few momentors so . That morning rally was really limp it did not pass any of the tests. It stopped where yesterdays highs were nobody had any faith this was really going to be upside momentum then you had a rally in the treasury market. Yields got compressed a little bit. And the dollar is also been higher
We start off with a major reversal on wall street. S p 500 gave up gains around 2 00 p. M. To finish close to session lows same for tech stocks you saw the same thing play out in facebook and netflix, both stocks starting strong, finishing around session lows. You can extend this to regional banks, health care, energy, small caps what does the action today tell you, guy adami its not encouraging. Im not going to make a deal out of today yesterday we had the show of hands. I dont think any of us were convinced by the rally ill continue to say a 30 vix suggests were going to see days of 1. 52 moves. I happen to think on aggregate its going to be lower im not trying to be all good morning and gloom, but the environment we find ourselves in in terms of a lot of Different Things as we head into the fall, on top of which an election is probably a coin flip, i dont think its particularly bullish for the Broader Market and especially on the back of a rally thats been historic karen i did raise
President trump dismisses talk of an extension. The markets are opening right now. U. S. Futures coming in slightly higher at the open. This, of course, after the regular session felt pressure. Stocks falling for the fourth time in five days. Had the stimulus package being blocked in congress. Both sides are far apart when it comes to more stimulus measures. Leading the decline. Volatility much higher. The dollar also strengthening. Weakness in the pound. The pound picking up more than 11 , although we did see the u. K. Refusing to withdraw legislation to tear up the brexit treaty. Look at what oil is doing at the moment. Oppression, 37 a barrel under pressure, 37 a barrel. Lets see how things are shaping up for the asian markets. Futures are mixed, but we could be looking at a down day this friday in asia. Back to back weekly declines. Australia, we are watching commodity stocks. Chinas plan to boost the reserves of oil and strategic reserves. Over in japan, we are keeping an eye on n
Germany. Where exactly. Are no laws are still sure history. Travel extremely worth a visit. Citi group names james frey sure its next c. E. O. The Top Executive becomes the 1st woman to head a wall street bank swishy have company anytime soon both war correspondent and your. Also want to show the evil builds race heats up g. M. Announcing another major electric Vehicle Partnership this time with startups. And European Companies complain about bullying from beijing this efficiency refusing to let many of their. Qtips and staff back into china for work after being expelled from the pandemic broke out. Blue and welcome to the show im susan beers in berlin its good to have you with Us Citi Group has named jane frazier as its next chief executive making her the 1st woman to lead a top wall street bank frazier takes the reins of the 4th biggest u. S. Bank by assets joining a group of wall street c. E. O. s that has been exclusively male and white she was head of Global Consumer banking at ci
Erupts in flames again a month after a massive explosion leveled parts of the city a huge new fire prompts panic as well as fresh questions about government negligence. Plus animals under threat but says wildlife populations of plummeted by 2 thirds in the last 15 years well ask an expert what can be done to save the worlds wildlife. Im told me all laddie but welcome to the Program European governments are racing against the clock and the weather to find shelter for thousands of displaced migrants from greeces morea camp a massive fire destroyed the camp on tuesday night leaving some 12000 people homeless greece is sending 3 ships to house thousands of refugees for the past 2 nights most have slept in the open and are struggling to get enough food and water. 100 wins a 2nd night of fires burn the more you refugee camp beyond all recognition. Leaving behind a human catastrophe which is now unfolding on the streets of lesbos. Among the homeless thousands of exhausted men women and childr