Lets get down to business and tell you whats going on this morning. U. S. Equity futures right now. Youre looking at a morning with red arrows. Dow jones would have opened about 46 points down. Nasdaq off 49 points off and s p 500 off about 6 points. But as you would say joe so goes apple so goes the dow. And the nasdaq which has been doing better recently and then yesterday anyone cares to be watching says the dow is getting crushed down 200. If you added it up it was like 140 at one point during the day. The vast majority of the decline. Right. Which made me think that maybe the dow wasnt doing so badly, the other 29 stocks. But then after the bell i dont know how microsoft will be received but apple has a long list i have written down every Single Person that told me that i never will have ever anything to worry about. That 49 billion in revenue is the birth right of apple. You know what they say about history, it doesnt repeat but it rhymes and ive seen a lot of stocks start on the
This morning. 1000 thiss off morning but recovered to a loss of only 100 points at midday only to fall again into the close as margin calls forced traders to sell stocks. Take a look at the close of gold and oil as well. Oil has really bring the big story. You can see it bouncing around. 38. 26 per barrel. Following, falling, 42. 69 per barrel. Thats a huge drop in that is currently closed for trading. Gold futures, curiously unchanged or little changed. 1154. 60. You would think investors fleeing first theyve are havens would look to gold. That did not happen. You would think they would look to the dollar as well. That certainly did not happen. I think one of the most interesting stories of the day was the weakness in the dollar. The dollar index was down at one point 2. 5 . The biggest drop since march 2009. 1. 15 for the euro. Morning asg dip this many people were looking for liquidity and more likely, people expect the fed not to raise rates in september. Lets get more insight on t
Ten year steady, just south of 22, Industrial Production 15 minutes away we begin with wall streets record run stock futures mixed ahead of the open. Terror in london, 22 injured in an explosion on a london subway train during the rush hour commute and Facebook Advertising under scrutiny the social network revamping the selfservice ad byi inbuying pl. First up, the dow is aiming for another record high, a sixth straight positive session. The markets resiliency tested today. Retail sales fell unexpectedly in august by. 2, dragged down by autos. They couldnt isolate the effect of harvey on retailers then news of north korea firing that missile over japan for the second time into the ocean there will be Security Council meeting today. But on retail sales, interesting, nonstore, which is essentially amazon, down 11, the worst month since april of 14. Thats so out of whack with everything you hear. Lately the numbers i think have lost some degree of their validity i think by the way, i thin
After the budget we will have the support of all the republicans because we have no support from the democrats or almost no support, because they really become obstructionists. And have no good policies, franco, theyre are not good politicians, but they are very good obstructionists. Thats what they do well. The number of nominees i have approved by the democrats are about half of what president obama had, and when you look at that, you look at judicial appointments and how slow thats going. I will have 145 ultimately, which is a tremendous number. We will have 17 court of appeals appointments. But they are not getting approved. They are being slow walked by Chuck Schumer in the group of really, itst disgraceful. Even people they know they are going to approve, they take it right out to the end and use every single minute. I think its a very disgraceful situation. Deadcare is everything but , the people are going to take it. Alaska had over a 200 percent increase, there were 116 , and
Assurances it will not suggest to firms breaking out research costs. This is a mifid story. We will talk to mark cudmore about the story shortly. The Bridgewater Associates founder discloses a 300 million bet against the oil and gas. Iant we will speak to them tonight. Ofio is down on a bunch companies. We will figure out that story. Than half hourss away from the start of cash trading. Take a look at equity index futures. You will see not a lot of movement that positive on the ftse and the pound goes down, negative on the euro stocks eurostoxx 50 index. Take a look at bunds. 36 handle on bund yields. Looking at a 36 handle. If i click here on the onemonth you can see that we were much higher over the past month, hovering around 45, 46 the entire time and we have seen bunds. Eal movement in bimd yields have come down as investors that for safety. You take a look at the Fund Managers survey and the indication there is must Fund Managers believe the yields will climb, not fall despite wh