States right now in washington, fragile hopes for a stimulus deal remain Speaker Pelosi and secretary treasurer mnuchin are expected to talk this afternoon in hopes of getting a deal done. A full economic recovery has a long way to go and another expert said many lost jobs may not come back. All 11 s p sectors are lower 59 minutes to go we are making new session lows with the dow down 400 points. Lets get to the market downturn we just referenced. Mike santoli is tracking all of the action no trigger but a clear response. The only trigger that seems clear at all is the mark of 2 30 eastern time, when the downturn accelerated. It seems as if it is essentially kind of getting ahead of the close, peeling down exposure we did have that good rebound into last week from the late september lows we had some positioning indicators suggesting people were full up on equity there has been a pattern of strength overnight in equity futures opening up strong and selling throughout the day it seems li
Neil would take a little more than 2 to get to 30,000. It would take 9 to get to 32,000, Peter Navarro, among others saying that is in the equation. A lot depends on key developments. The president is en route to davos, switzerland, but the backdrop of the impeachment trial tomorrow. Blake burman is looking at Administration Legal response to all of this, how it will position itself in the senate. He joins us in the white house. Sir . Reporter neil, if they havent done so already the Trump Legal Team represents the president in the impeachment hearing will file a legal brief today, giving a more fulsome approach, fulsome take as it was described earlier today of the president s Legal Defense heading into the impeachment trial. As you know, the legal team laid out the sixpage answer to the senate over the weekend. Were expecting a much bigger briefing from the president s team here shortly. According to sources that are working with the president s legal team, appears if they will focus
Booming or will rising rates drop the hammer on the sector . Im tyler madison, in tonight for melissa lee, glad to be with you this is fast money, live from the naz sdaq market site we have a full table tonight last time i was here, nobody just one we knew you were going to be here we showed up. Thank you very much tim seymour is here, karen finerman, dan nathan, guy adami. Thank you for joining me thank you for letting me play at your table glad to have you. We start with a lateday breakdown in the markets stocks accelerating their selloff in the final half hour of trading all three major indexes down more than a percent on the day, closing near their lows. The dow snapping a threeday win streak, nasdaq, s p, now both lower in ei8 of the last 11 sessions and look at this the s p breaking below a key level of support today, closing below its 50day moving average. Something it hasnt done since late march and the tech titans also flashing some technical warning signs. Apple, microsoft, a
Home depot on the agenda will the result lead to a remodelling project for that stock . The race to be the leader in the fast growing Artificial Intelligence market as rbc tells us who is ahead of the pack and who is lagging behind. It is tuesday, august 15th you are watching Worldwide Exchange here on cnbc good morning welcome to Worldwide Exchange. Im the dominic chu in for Frank Holland. Lets kickoff with the equities which are sliding. Dow is implied lower by 165. S p lower by 17. The 43 point slide for the na nasdaq you see the yieldsin the bond market moving in that mentality as well with a little bit of selling pressure which is pushing the yields higher. 10year treasury is above 4. 2 4. 216. The 2year treasury is pushing up on that 5 mark 4. 967 30year treasury is a hair below 4 in the energy markets, signs of downward moves wti is down. 20 82. 35 similar for ice brent. 86. 12 is the last trade lets get to the developing story. China central bank cutting Interest Rates amid mor
fleeing the banks of sudan has just docked. these stories and more coming into cnn news central. this morning, a manhunt across the state of texas for the man accused of shooting and killing four adults and a 9-year-old child. officers say that the incident was sparked all because someone simply asked him to stop firing his gun because a baby was sleeping. a $90,000 reward is being asked for his arrest. there is a huge number of officers searching for him but right now, josh campbell, we are hearing zero leads? yes, that is right. federal, state, and local officers are fanning across southeast texas, north of houston where on friday, authorities say that the man, the 38-year-old francisco oropeza conducted this brutal killing of five of his neighbors, and now they were originally able to track the cell phone. he discarded the phone, authorities said, and no leads but an $80,000 reward right now leading to the capture. and now, to walk you through the events. witnesses s