Driveby shooting leaves a 17 year old in Critical Condition in philadelphias graze ferry section. Police say the teenager hit about ten times, near moore and south hollywood streets around midnight. Chaka fattah federal corruption trial expected to start behind me here at the federal courthouse in center city today right around 10 00 with opening statements. My husband who i will putter in charge because he knows thousand do it. Out and about stomping for votes ahead of tuesday primaries in kentucky and oregon. Republican president ial frontrunner donald trump taking a break from the campaign trail, to see daughter dif any graduate with a degree in sociology. But trump and biden families causing bit of stir in the stands during todays Commencement Ceremony at the university of pennsylvania. Sometimes sports, sometimes it is ugly. And yesterday was a prime example when the bench cleared during the blue jaysrangers game. Expect suspensions to be handed down today. Wait and see if it warm
Twist thrown in. Should be tattooed on our foreheads if were going to invest in this market. The s p declined 2 . But twice in the last six years, twice, weve had flash crashes, including one that occurred this very day last year, 2015. Whats a flash crash . Its when the market drops quickly, almost in the blink of an eye, resulting in a dramatic down turn of about 1,000 dow points. Its not the definition of an afternoon plummet six years, hence the fool me once, fool me twice rule. Thats why i want to set up some crash rules so youll be ready when the next one comes. Notice i didnt say if. I said when. Because if you implement good rules, were dealing with machines. We know machines break. Its what happens. Lets go over the very basics of what cause a crash. Something that was thought to trigger truly horrendous here that we couldnt grasp. It produces a tremendous amount of fear and paralysis, at post 9 00, im trying to figure out what was going on. We in the cross hairs of multiple s
Changes are taking applauplace. Well go there live in a few minutes. The ceo of the lending club is out and the stock is falling very hard in the premarket. We will give you the latest. And donald trump saying the rich will probably pay more taxes if hes president. Will support shift now that hes backing earlier proposals to reduce taxes on all americans . Futures are off the highs of the morning following a down week for the markets, one which saw the nasdaq dip briefly into correction territory. Growth in the mix, a bigger than expected drop in chinese imports and exports last month. Overnight, shanghai fell by almost 2. 8 . Imports down 10. 9 , was a bad miss. Then we had these ongoing concerns about them pulling back on some accommodations. Yeah. Look, china and oil both negative today. This china situation looks like there wasnt a lot of speculation, obviously, buying these commodities. Now, i still believe that the domestic markets better than people think, but was it a blip up .
European markets may give a sense for us as to what we can expect. Kind of a mixed bag with france down the most. A half percent there. Tenyear note, crude oil all important. The yield up since last weeks employment number and crude is a key. Jim and i will discuss that through the show this morning with wti. Holding steady, if you will, above 40 at least by 75 cents. Lets get to our road map. It starts with that terror in france. Updates from across europe and the middle east. President obama and french president Francois Hollande both set to speak this morning. Plus how the markets are reacting. Futures were down triple digits but as you saw theyre recovering as we approach the open. We have a deal for starwood, creating the Worlds Largest hotel company. Marriott buying it for about 12 billion in cash and stock. Ill give you the background, including what happened to hyatt, which was my story from a few weeks ago. First the world still reeling from the horrific attacks in paris on fr
Of course, the jobs number next week. We begin with good, not a great. Thats how one group is describing black friday retail sales. Live checks from malls across the country. Plus, a lawsuit against Sumner Redstone making some shocking allegations. Well have more on what that means for viacom and cbs and their response. And Vladimir Putin saying he will cooperate more with the terror fight in syria, but the war of words between russia and turkey continues. First up, though, black friday has arrivinged, one of the biggest shopping days of the year. Good but not a great from Customer Growth partners. Also seeing an increased trend of shoppers earlier with retailers opening the night before. The nrf says 22 of consumers expect to shop on thanksgiving day, up from 18 last year. Out of the stores, adobe predicts a record 1. 7 billion spent online. 3 billion on monday. In fact, theres a sense that because so much of the shopping, guys, has shifted to online, essentially customers wait for mo