Tuesday is in the orange, or red, whatever color it is on your screen there. That is the last hour of trading on both of those days, and it traveled about 3500 points monday in just the last hour of trading, down 1600 points for a time, and then a 500 point or 900 point swing yesterday. As you mentioned, we had a big swing in the last few minutes here well see. Anything happens in the final hour of trade. More from bob on todays move, bob . Reporter other things moving things other than the volatility index today. We were tooling along at a narrow range likely to the upside, and 1 00 hit this is the screen we have up here at 1 00 you can see we started moving down there on the heavier volume two things happened at this time we got a budget deal that implied greatly increased deficit, and we had a soft twoyear auction whats the effect . The effect is bond yields moved up this has been a problem in the past, but, particularly, the levels were at now, so bond yields moved, put up the teny
Possibility of a renegotiation. Why does the stock market love that idea apparently with the dow up 255 points . Blake burman has the latest from the white house, he was right there. Someone whod like to also see tpp revived, former undersecretary of commerce for International Trade stephane selig. He was the guy who helped put the tpp together. Hell tell us why team trump should reconsider having tossed aside his hard work on this plan. Plus, the Trump Administration cracking down hard on north korea. Lieutenant colonel ralph peters explains the big sanction move to stop certain ships. And i want to show you this, look at this. Colonel peters gets frontpage status in todays New York Post. His surprising opinion on what america should do to stop mass murder shootings. Colonel peters joins us next. Were live and less than an hour to the closing bell, lets start the countdown. Liz okay. Stocks were already up, but they are now jumping considerably higher at this hour with gains accelerat
North korea despite the latest missile tests, three, in fact. There is a lot ahead to kick off the trading week. I want to start with one story that may not be on everybodys radar, but certainly in california. As we speak may be holding a meeting where they determine afterll be the next Ceo Travis Kalanick was ousted. Overesting developments the weekend. The former ge ceo took him out of the running to lead uber. , i haved, in fact decided not to pursue a leadership position at uber. I have immense respect for the company and founders. Not sure what happened there, but there was speculation that jeff did not like the chemistry of the board. Took herselfwho out of the running, she seems to be back in the running and may be voted in as the next ceo of this company. With all the diversity problems we have in hearing, having a woman lead uber is not the worst thing for the board. It could be a boost to the image of uber after the tumultuous time we have seen. Saying ieen on twitter am not
Rishaad right, well, banks reporting out of china this week. Note onjust seen a nonperforming loans. People keeping an eye on that. This is an alarm bell for the amount of debt they are caring. Showing what 9438, is happening. Out of all of them, it is Agricultural Bank of china which is the worst. Its nonperforming loans seemingly worse. All will be revealed this week, the big four out with earnings and indeed these numbers as well. Haidi absolutely. A lot to digest when it comes to the asian open. We are getting the washer from jackson hole, more what wasnt said by janet yellen and mario draghi, the latter refraining from commenting on Monetary Policy or the strength of the euro. The dollar lower on the account of janet yellen sounding more dovish than expected. We had saber rattling out of north korea, and the big calendar when it comes to macro data. Friday, and china pmi rounding out that picture when it comes to the chinese economy. We are 30 minutes away from the open in china a
Kuroda feeling cautious. They tell bloomberg the nations cannot keep up its current growth rate, but how long can it continue this a comet is Monetary Policy accommodating Monetary Policy . It is looking to promote expedia ceo to run the global firm. He was not on the list apparently, but it looks like he could be the man. We are less than a half hour away from the European Market open. What are we looking at . Couldthe question is, not get anybody else to come in and run the business . Uses it a lot of the time, but it has come under fire lately for other issues, scandal , issues of the like. We are not showing the ftse futures because it is a bank and hopefully everybody in Great Britain is still asleep. We do see euro stocks, futures down, dax futures down, cap futures down. A littleresting after bit of weakness today. Take a look at bunds. It looks like investors have been selling ones, driving yields up. If i just show you the oneday chart, you can see there has not then a lot of