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The Iraqi Military is reporting progress in the major offensive against the Islamic State of iraq in ramadi. Iraqs government says the soldiers are advancing on the city center, where it estimated about 300 fighters remain. Isil has held ramadi since may. They launched the current operation last month, the first objective was to cut off supply lines into the city. The progress has been slow, because the iraq government wants to rely on its own troops rather than shia militia. They have been accused of rights abuses. It has been described as the final assault to recapture ramadi from isil. The Iraqi Military says the troops are moving in on the center of the city the provincial capitol of the mainly sunni province has been under isils control for monos. For weeks they have been trying to reach the main complex, but ramadi is an urban battleground, progress has been slow. Isil is fighting back using suicide bombers. It is not known how many men the armed group has in the city, but iraqi
Target practice. Given all the volatility weve seen, are wall street strategists s p targets about to change. Do you have an answer, mandy . Theat least i have some very smart people joining me through the course of the hour with their answers. Welcome back, brian. We missed you. Begin with the wild swings in oil. Those prices were down bigtime earlier but weve seen a massive rally to the tune of about 6 now building on the two previous big up days, keep in mind. But crude has now completely obliterated all of the losses it saw in august. It was down about 20 . Jackie deangelis joins us with more from the nymex. What was the major spark in this turnaround . Crude, jackie, and do people believe in it . When you look at session lows, 43. 60, were up more than 4. No one was looking for it in the morning. But the headlines came out that producers are now willing to talk about production globally. Opec saying that it stands ready to talk to other producers about the market but that it wants
Has delivered quite a jolt. Call it a double dose of red bull or not, the bulls not in charge today, the bears were. And technology and Financial Services shares led to major market barometers down. It was their worst day collectively since late july and the fourth day in a row for triple digit moves, three of them down were dogs. Words about world growth and soggy Economic Data set the tone, goods tumbled, biggest monthly decline ever mostly on the demand pullback for aircraft. Also the first time for jobless claims rose 12,000 even though theyre still sitting near sevenyear lows. All stocks dipped, closing back below 17,000, nasdaq down 88, nearly 2 , and the s p 500 dropped 32. Bonds rallied as investors took cover in treasuries, yields on the tenure fell to a twoweek low. Now, a look at todays drop and why big moves are suddenly back on wall street. It was the fourth day of triple digit moves in the dow. Slowing growth around the world was an issue for the markets earlier in the we
Has delivered quite a jolt. Call it a double dose of red bull or not, the bulls not in charge today, the bears were. And technology and Financial Services shares led to major market barometers down. It was their worst day collectively since late july and the fourth day in a row for triple digit moves, three of them down were dogs. Words about world growth and soggy Economic Data set the tone, goods tumbled, biggest monthly decline ever mostly on the demand pullback for aircraft. Also the first time for jobless claims rose 12,000 even though theyre still sitting near sevenyear lows. All stocks dipped, closing back below 17,000, nasdaq down 88, nearly 2 , and the s p 500 dropped 32. Bonds rallied as investors took cover in treasuries, yields on the tenure fell to a twoweek low. Now, a look at todays drop and why big moves are suddenly back on wall street. It was the fourth day of triple digit moves in the dow. Slowing growth around the world was an issue for the markets earlier in the we