Announces it will withdraw thousands of troops from afghanistan and iraq before President Donald Trump leaves office in january the Us Senate Passes an act that could see huge fines or even jail for those involved in sports, but the World Antidoping Agency warns it excludes American Sports while allowing International Prosecutions to go ahead and avoidable hostilities, russian president Vladimir Putin says the bloodshed between armenia and azerbaijan could have been halted weeks ago before the conflict in the go. In a car, obama had reached the breaking point. I managed to convince personally of that it was possible to stop the hostilities. But hes obligatory condition was the return of refugees including to sue show. Then unexpectedly, for me, the position of romanian potus was formulated in such a way that it was on the acceptable for them was their world News Headlines for this hour. Ill be back with more in just about 60 minutes, so stay tuned. Hello and welcome to cross top, where
The s p 500 is up. 75 . Stoxx europe is up 1. 72 , the car and the Banking Sector doing well. The dollar is also up, or if paying attention to. And you are seeing higher bond markets. We had a very strong payroll number. The Market Reaction, Oil Initially positive, its certainly beginning to fade and beginning to feel a little more riskoff. Certainly did 20 minutes or half hour ago. Alix lets update the numbers. Let change in nonfarm payrolls 8 million overall. You also had revisions up for the month before back in may. The unemployment rate, 11. 1 . Add in some other factors, it 1 . 1 higher, so still good to keep that sequential part. Highlight, you brought this up yesterday, initial jobless claims coming in higher, 1. 4 million. So we can get excited about the jobs data, but it doesnt take into account when the sunbelt started to relock down. Guy in the big question is will economyn the u. S. Desperately needs another stimulus round, does todays number kind of undermining that . The
Watching here, losses to end the week, stoxx 600 down 1. 25 . Of the major european indexes, the ftse is the biggest loser right now, down 2 . Thats because some of the heaviest stocks affected are british trading in london. Hsbc, london shares of royal dutch shell, British American tobacco, bp, all big losers, and they are very heavy, so they weigh on the ftse. It has been a banner week for equities. If you were long this week, you did quite well because we were up the past four trading. Essions it is not taking away the gains you made for the week. You can see the pound rising. This also amplifies losses on the foot. There tends to be inverse correlation between the pound and the ftse 100. And then rollsroyce. This is not the carmaker. That brand owned by bmw. ,ut the jet engine maker already troubled. It was cutting 9000 jobs it announced earlier this week, but now s p has cut rollsroyces longterm Credit Outlook two junk, and the outlook is negative, so rough for rollsroyce. Vonnie
Alexandria, virginia. To start off the afternoon, please welcome philip green wall. Philip is the cofounder of emerging revolutionary war and the fulltime contributor to emerging civil war. He is the author or coauthor of two volumes in the American Revolutionary war series, and three volumes in the emerging civil war series. One of his books as downstairs, as well. Phil graduated with a bachelor of arts degree in history from wheel and Jesuit University and has a graduate degree in American History from george mason university. He is currently a supervisor and park ranger with the National Park service in florida. You can ask him about the fun things he may have seen recently there. With, that let us learn a bit about why someone would want to burn down boston. laughs applause i will move the microphone up. I am a park ranger in the everglades. Dont bring any snakes. I know that was a big concern. Did you but todays top is centered on something farther north. Being a Baltimore Orioles
Driving the action first and foremost of course the heightened fear about the coronavirus. More countries go into lockdown as the steady spread of cases continues. The fed made a dramatic move cutting rates to zero and announcing new assets. And the economic slowdown with weak manufacturing data this morning from both china and the u. S. As we just said we are down about 9 on the dow. The low of the session was down 12 or 2,800 points. The dow is down about 31 from the recent market highs as we stand with just under we have every angled covered for you. Lets drill down on the selloff Mike Santelli at the market dashboard and lets begin with bob on the floor of the exchange. Trading halt this morning, 15 minutes right after the market opened our third trading halt in the last six sessions. Look at the s p 500. Our low is just a tad above 2,400. So well off of that number everybody down here waiting to see what if anything the president might have to say. Take a look at the dow movers, t