More on all of this massive stock market volatility with 59 minutes left of trade. Coming up in the show, were down 2. 5 on the s p 500 and we have a big show coming up for you today were going to talk about all of those things that you just mentioned. We have former cisco ceo John Chambers coming up were going to talk about the comments from President Trump about potential decoupling between the u. S. And china and you will not want to miss what he has to say he previously used to run major Multinational Organization that operated both in the u. S. And had a small part of the business in china and then on todays selloff, you want to hear from Mike Novogratz the ceo and founder of galaxy digital. He said there was a frenzy in stocks he called for major selloff and what do we have on our hands now . Well hear what novogratz has to say now. Lets get to the big stories that were watching. Mike santoli is tracking another rough session for the market phil lebeau is following major moves in
Intends to bring a deal to the white house by september 20, the official deadline date. Joining now to break down the week that was is abigail doolittle. Volatility volatility volatility. Walk us through the week that was and how might next week be different . Volatileeek was very and choppy. Up and down, a real roller coaster. At the end, it was a down week and today was especially choppy. Earlier, it felt as though the bulls were trying to take it away then the bears stepped in. The s p 500 up slightly. The nasdaq down. Continues to be newtons third law what goes up must come down. We are seeing a bit of a reversal. On the day and the week, even though we had the nasdaq down, we also had the nasdaq 100 fix down. Next week, maybe some of this choppiness will leave. You see apple down again on the day. Pointing to the idea that next week maybe in the near term, some of the choppiness will leave. If we go to the terminal, we have a great heart. Over the longterm, this probably suggests
That. A modest down trend. Tomorrow, though, thats the big jobs report. Almost certainly the worst in history. Okay. But look at this. A rotten economy and a Big Stock Market rally. We get a lot of inquiries as to why is this happening and the short answer is well, the market looks to the future and its clearly seeing an economic recovery, and the trillions pumped into the economy are very much appreciated. Put it like that. The dow is going to be up over 300 points at the opening bell. Thats better than 1. 3 . A similar gain, 1. 5 for the s p. Look at the nasdaq go, up 1. 5 . Thats because of this. Big tech. Again, leading the market. Just look at this. Apple is at 303. Amazon up 21 bucks premarket. Nice gain for microsoft. Nice gain for netflix as well. Thats whats happening. Big tech again dominating the market, plowing higher. Bombshell news in politics. Mr. Impeachment, congressman adam schiff, he is not looking good. There are dmumennew documents o russia, russia, russia probe. M
During the financial crisis, the peak was about 695,000 in one week first we have our full Team Coverage the house gets ready to vote on stimulus package bob is watching the wild swing in stocks. Steve on a surprising move from the Federal Reserve chairman lets start with kayla the house of representatives is set to vote tomorrow morning. Its expected to pass easily businesses and workers are pursing the nearly 900 pages of legislation to find out how they can access the funds provided. The treasury secretary offered clarity saying the direct Cash Payments should be received within three weeks fore kwlouclosures and eviction be put on hoeds and Small Businesses should be able to use some of these loans to rehire workers that were laid off and large share of the unemployment claims we saw in the last week there were some businesses that were left out. Democrats removed language that would have provided 3 billion for the administration to buy oil. The Postal Service got 15 billion less t
Hospital director at the epicenter of the outbreak in china dies from the virus. Hes in. Michael bloomberg makes the cut to join his democratic rivals in wednesdays night debate. The new poll out this morning that has the former new york city mayor ahead of joe biden. And frontrunner Bernie Sanders surging. Those stories plus chapter 11, the boy scouts of america file for bankruptcy overnight amid a wave of sexual abuse lawsuits from coast to coast. I want my childhood back. I want my adulthood back. Could this mark the beginning of the end for an American Institution . Hanging in the balance, Harvey Weinsteins fate in the hands of a jury as they get the case against the disgraced movie mogul today. And the Leaning Tower of dallas. A demolition gone wrong in texas has residents saying who needs to go to pisa . Announcer from nbc news this is today with Savannah Guthrie and hoda kotb. Live from studio 1a in rockefeller plaza. Welcome everybody to today. Thank you for joining us on this