Announcer this is cnbc breaking news. Im Courtney Reagan in this morning. We begin with breaking news. A Global Market sell off under way. Dow futures pointing to a drop of 1300 points at the open but futures have hit their daily limit down across the board. That means stocks could open much lower than whats indicated right now here on the screen you can see the s p 500 is indicated lower by 151 points and the dow by 1300. Bond spark is hitting again. The ten year yield is sitting above half a percent this new record lows were hitting here nearly across the board this morning hovering maybe just above the record lows but look at the 30year bond, under 1 thats happening for the First Time Ever. At 0. 925 . Now all of this is happening as theprice of crude oil has crashed. And that is not an ap exaggeration oil is hitting its lowest levels since 2014 as saudi arabia announces a massive production ramp up and price cut. Crude is now on pace for its worst day since the start of the first g
Adam we are indeed watching the Market Reaction of which we try to do every day, what has been remarkable this week with growing fears of a land invasion any moment among 300,000 israeli reservist. How remarkable it is, stocks have indeed held their own. Nasdaq stocks are going to be up, and the columbus day holiday started things off, the jitters might be feeding the buying of treasury notes, the more those rates come down, it is bump and grind but the fact is if you were to say last saturday morning, if you were to tell me as that was unfolding, war was looking inevitable that the market would finish up and Interest Rates would finish lower, oil even with an advance would finish lower. You would think it was crazy but that is the reality. We will get into than and more. Following developments right now with all hands on deck, those making their way back to israel to fight the good fight including an Israeli Army Reservist back to do just that. He is there to do that thing and a very
The earnings season gets into full swing a little bit later on. I think a lot of investors today are trying to digest this surge of bond yields and what that means for a possible rotation. The flipside to this think synchronized Global Growth, the impact on asset classes. We had a story with yen and th e boj. We know Philip Hammond and david davis are separately in germany. Now, coming up, we discuss super cars and making motorsports very cool again when it comes to for example, sustainable gas ceo. We get commodity calls from jeff curry at Goldman Sachs and a little bit later in the day, we bring you the exclusive interview with elizabeth warren. We talk immigration and tax. The children of undocumented immigrants are facing deportation from the country and have won a court order temporarily blocking the Trump Administrations decision to end the dreamer program. A judge in San Francisco rejected the argument that the courts do not have the authority to secondguess whether the presiden
The month of july. The month earlier, jim, was 99. 8. It was at the second highest level since the recession. 100 was the economists estimate. 90. 9. We are seeing Consumer Confidence worse than estimated. Im looking at the s p 500 on the screen behind me. It looks like we are not seeing a huge effect. If anything, stocks have rallied off of the lows of this early session. We will continue to watch the reactions, and the read through to the fed which begins its meeting today. Matt thank you. Lets go to the market. Right behind julie you saw the market rallying from a low. It was coming down a little after the Consumer Confidence number. He s p is up one third of 1 earnings surprises helped the market. The dow added. The nasdaq is unchanged at 5000 43 at 5043. Saying i rally that we have seen in treasury. It is being interrupted with a selloff in chinese equities. The treasury is a little bit weaker on your screen, the yield on the 10 year is up for basis points. The meeting begins toda
captioning sponsored by wpbt tom: good evening and thanks for joining us. wall street says good riddance to its most volatile quarter since the financial crisis. susie, things ended on a sour note. susie: stocks tumbled today, tom, amid new worries about the global recovery. specifically, the latest disagreements between european leaders over how to resolve that region s debt crisis. at the close, the dow lost more than 240 points. the nasdaq fell 65 and the s&p 500 off 30 points. for the week, the dow had three up days ending up 1%. the nasdaq was down for three days off nearly 3% for the week. and the s&p 500 lost 5% since last week. tom: the summer swoon came as u.s. investors worried about europe and u.s. politicians fought over spending. for the quarter, the dow, nasdaq and s&p 500 were all down over 12% during the quarter with the s&p taking the biggest hit off over 14%. september was the 500 s fifth straight monthly loss. investors were rewarded by playing defens