The lows down 234 right now and its a broad selloff financials are actually the hardest hit. You can see the yield on the tenyear approaching 2 . Investors are piling into safe haven assets like the treasures. Well talk to the ameritrade chief strategist on whether americans are doing buying on the dips. Mohamed elerian on whether geopolitical concerns could get worse and whether the fed could put any further rate hikes on hold as a result. Oh, boy. Right thats on the table right now as well. Lets begin with seema mody here on the floor of whats driving the selloff on wall street today seema . Kelly and bill, the calendar may say its summer, but it certainly feels like fall, a lot of traders reminding me historically september is the worst performing month as traders return to their desk goldman sachs, one of the most heavily traded names, surpassing its 30 day volume average, about 4. 3 million shares have exchanged hands. Its down just about 3. 5 , the second worth of we are forming
Meddling well discuss the potential impact for facebook and for the other big tech names. Speaking of big tech names intel Ceo Brian Krzanich will be here for an exculusive interview about the companys new Autonomous Vehicle partnership with alphabets waymo unit that will be coming up a while from now. That will be very interesting. Plus, find out whether a nearly 8 billion Missile Defense deal could signal more deal making on the horizon for the Defense Industry which is enjoying alltime highs in this market today. Lets start, though, with facebook feeling more pressure from washington over those russian ad buys ahead of the election Julia Boorstin has the very latest julia . Reporter hey, kelly. Facebooks under fire for recent revelations that russians bought ads on the social network to influence the president ial election House Intelligence Committee Ranking Member adam schiff is calling on the company to testify before congress saying im distressed it has taken us this long to be
Several states today voters in virginia and new jersey decide their next governors. President trump treating bras northbound will be rampant in virginia. Hes weak on crime, weak on our Second Amendment and has been horrible on virginia economy. Vote at ed gillespie today. On the trump factor could wane and on the result. As the battle for tax reform of sound as we enter another day of discussion today. Several kilo dose to get the bill passed. Grossly negligent fbi director james comey originally offered a strong opinion that Hillary Clintons decision to have a private email server while serving as secretary of state. Average over the decision to soften the language. Drugstore is eyeing prescription delivery. Details at cvs and walgreens plan to bring medicine right to you. Markets this morning take a look at gain from the Dow Jones Industrial average. S p 500 on the not back closed yesterday. A firmer tone to these markets this morning. Major indices mixed today. Germany dax up this m
Tech ceos on their meeting with the president. And whole foods and amazon, how both companies see that deal making sense. Mondays tech rebound result in nasdaqs best day of the year, closing highs for the dow and s p were not far away from posting doubledigit yeartodate for all three, which we havent done since 2013. No. And a lot of people felt coming into the year the market was overvalued, having had a big run after trump got elected. Obviously, that was not the case there was more to it a lot of people would have felt if you had the Federal Reserve being as aggressive as it is, theres no way you could do it earnings worried about the strong dollar, we have a weaker dollar one thing i point out today will be oil its going to be very messy. This is my level i felt it could get to those are big cap stocks f it goes too much lower, people will say, wait a second weve been buying. Maybe demand is not as strong. Because its the summer, you would expect more demand be careful, oil. Tech s
The media giant also announced it is removing its movies or will be from netflix and itll launch its own streaming service. We have someone who says launching a mini netflix could be more difficult than disney thinks we have a lot to talk about disney down almost 5 today. North korea, well get to that in just a moment. Mylan warning today its delaying product launches because of regulatory uncertainty. The latest data shows the drug approvals are on pace to set a record this year what kind of uncertainty are they talking about shares trying to stay positive well have the details coming up and blue apron is rallying ahead of its first Earnings Report as a publicly traded company, thatll be tomorrow the stock is well below its 10 ipo price. As you know, we have a debate on whether there is a buying opportunity ahead of tomorrows news look at that, its up 5 today well, its at 6. 11 right now. That would be a 30 cent raise. Lets start though with this very serious story, the tensions risin