The dow briefly crosses 26,000 for the first time in history that gave up its gains in the yen. Right now we have a significantly higher futures market. Dow up 111. Drink you will see if we can hang onto that the rest of the day. European markets all down. Every major index in the red. Lauren in asia, stocks closed the session. The hang seng in hong kong that the court or 1 in the shanghai in china at a quarter of 1 . Cheryl make sure to give yourself some extra time because i was on its way and it could make for a messy commute. Fbn am starts right now. Lauren 5 01 a. M. In new york. When they come at january 17th im lauren simonetti. Cheryl good morning. Im lauren simonetti. Maybe well have a close 26,000. Lauren is looking good right now. The market wants to rally. The breaking news were starting to show as the clock ticks down for potential Government Shutdown which is friday, two days from now. Drama continued on capitol hill. The conservative Freedom Caucus morning they had the v
Think that ill look at just like our call centers. The difference this time being it happened to those who are participating very seamlessly. Those who arent already in the market i would tend to agree with you that maybe it gives them a reason for pause. But i think that those who are already in the market see it as the benefit of technology and a seamless experience. I totally agree. I can just see the headlines in the conventional press. But make it very clear. This is not a flash crash of 2010. By no stretch of the imagination is that what this is, at all coming up on 1 00 eastern time. The halt continues here at the nyse. Has been in place since 11 32 a. M. This morning. Getting close to some other events as well as we get into the afternoon. Fed minutes are about an hour away. Art cashin says the question the longer this lasts, at what point do the mutual funds have to price their Net Asset Value at the end of the day. Cashin says the percentage of orders in limbo is growing. We
The deadline for greece is getting closer. Some say greece will deliver a reform proposal within this hour. We will be live in greece in athens and germany, as they await that proposal. Chinas getting a break from the selloff overnight. Big rally there. No one is breathing a sigh of relief just yet. Well break down what makes chinas markets so different from other Global Markets. Wait till you hear these statistics about the role individual investors play in the shanghai market specifically. Right now, lets show you how we stand on wall street we had a big rally on the open this morning. Slowly the air had been coming out of that rally. The dow was up more than 200 points on the open. A gain of 78 at 17,594. S p up ten, nasdaq up just 24 points. Apple is one of the drags on the dow today. Well follow that story, as well. A lot of moving parts and pieces over the next couple of hours. Lets get to bob pisani on the floor of the New York Stock Exchange. So far so good. Smooth open trading
Succeeded. In a surprise move, the worlds second largest economy devalued its currency by nearly 2 against the u. S. Dollar. Its largest devalue situation in 20 years. A weaker yuan would make chinas goods more affordable to foreign buyers so its being interpreted that chinas economy is in jeopardy of a deeper slow down which sent stocks tumbling. The dow jones fell to 17,402. Nasdaq dropped 65 and the s p 500 sank 20. Commodities also came under pressure since china is a big buyer of them. Oil fell to a sixyear low, down 4 to 4308 and a report from opec showed output increased to a threeyear high in july. And its not just stocks and commodities that are reeling. The impact could be wide reaching. It was a shot literally heard around the world. On a down day, chinas devalue situation of the yu a n is an anchor that dropped bonds and commodities yields around the world. I think screaming that china is in trouble, weve seen a series of data points out of china of a serious slow down. Rep
Succeeded. In a surprise move, the worlds second largest economy devalued its currency by nearly 2 against the u. S. Dollar. Its largest devalue situation in 20 years. A weaker yuan would make chinas goods more affordable to foreign buyers so its being interpreted that chinas economy is in jeopardy of a deeper slow down which sent stocks tumbling. The dow jones fell to 17,402. Nasdaq dropped 65 and the s p 500 sank 20. Commodities also came under pressure since china is a big buyer of them. Oil fell to a sixyear low, down 4 to 4308 and a report from opec showed output increased to a threeyear high in july. And its not just stocks and commodities that are reeling. The impact could be wide reaching. It was a shot literally heard around the world. On a down day, chinas devalue situation of the yu a n is an anchor that dropped bonds and commodities yields around the world. I think screaming that china is in trouble, weve seen a series of data points out of china of a serious slow down. Rep