Now in bear market territory. Those stocks are down at least 20 in some cases, more than that. All the major averages deeply in the red today. Its i shaping up to be the worst week in the dow, s p and nasdaq in nearly four years. This is serious selling. Lets look at the price of oil breaking below 40 a mark today. Weve been watching this one for some time. Its now down about 20 . Thats a bear market. Thats just this month. Finally, take a look at volatility index. Surging today. Its doubled this month. Its above 25. This is the one we are watching. It was dormant all summer. Today its up above 25. This is the best month it had. All sorts of benchmarks are being set. Exactly. Dow jones industrial average is close to breaking below 16,600, which it did do briefly earlier. We started the week with the vix around 12 and were at 25 now. We have bob doll to break down where he is telling his clients to put their money now. Tech and social stocks getting crushed in this market. Apple one of
Manages 453 billion in assets. It is time for some top stories. In france, is suspect in the foiled attack on a train has been charged with terrorism. The man is a moroccan who has links to radical islam. s lawyer says he only wanted to rob passengers. Some candid comments from president obama about his event. T at as private he said he is figuring out how to deal with the crazies. The white house with person says the president may have been quick with his remarks but we have seen republicans do wildly irresponsible things. Another day and another media viewed for donald trump. This time he got into it with jorge ramos. Ramos stood at a press conference and began asking trump about his immigration proposal. To. You were not called. Sit down. Sit down. Goahead. You have not been called. I have the right to ask a question. Go back to univision. Sit down, please. You were not called. Ramos was later allowed into the press conference. He and trump argued about illegal immigration for about
If Kayla Tausche is at the nyse to tell us whats happening on the floor. Stocks for the dow and s p are in the red right now. The dow having its nay rowest trading range today since august 18th. The nasdaq has been flirting with the flat line for the last hour. It is just slightly into positive territory. The dow, the s p and nasdaq though even with todays trade all remain out of correction territory. Lets get the trading action at the nyse. Bob pisani joins me on the floor. Michelles getting ready to go on vacation, a lot of other traders are and very happy to be a somewhat normal august day here. The s p 500, very narrow trading range. Only 13 points. Got a little droop in the middle of the day. Stan fischer speaking exclusively with Steve Leisman. Some interpret him to be a little more hawkish. I didnt hear it but the markets seemed to react that way. Down just a little bit. Very narrow trading range, 13, 14point bottom to the top. Volume is heavy but declining. Heavy for august but
Impacted by the hurricane as you have pipelines and refineries out of work. Its great to get a read on the state of their business right now. In particular we will be speaking to the ceo of show near , the only company that can export liquefied natural gas in the country and it is down on the u. S. Gulf coast. Is it operational . Is the buildout having any issues . What does it say for the future if you are so concentrated on the gulf coast . Look forward to that. Since you are over there, i have the privilege of welcoming lisa abramowicz. See hers so great to so excited in her element. Its a lot going on right now, we are looking forward to hearing what she comes up with. Right now lets get you up to speed about what we are looking at the head of the open of u. S. Markets. S p futures are up just the touch, the dax up more. The u. S. 10 year yield is down, which is interesting, because , butave risk on in stocks risk off, yields down, price up and the euro continuing its trend of stre
Will dump the iran nuclear deal. Some in his administration disagree. Extern editor what to expect from the saudi kings visit to moscow. It shows the extent to which russia has succeeded in inserting itself in the middle east. Role inmuch broader building relationships with the saudis. For the saudis, it is crucial. They are seeing the russians as a diversification effort, not the full reliance on u. S. Power. No one is saying the relationship with the u. S. Is bad, but they are looking for other allies, other relationships to build to protect their own interests. Yousef weve seen big energy deals coming out of this. Can we expect tangible results in terms of Foreign Policy . Will they have measured results in key areas . Syria is the big one. I think what they are looking for from the russians on that is help limiting iranian power. I dont think the saudis are expecting the russians will suddenly come out and say they support the saudi line on this and do everything we can to limit ir