Down days for the markets. Right now s p down by about 11, dow by 96, nasdaq off by about 47 we were so close to you dow 30,000 earlier in the week, but that seems to be slipping away a little bit 29,400 and change is where the dow is right now and again, down two days in a row, down again this morning and after yesterdays declines, all three of the major averages are in negative territory for the week a lot of things happening with covid and well talk more about that in a moment, but some of those concerns creeping back into what you see in the markets. If you are looking at the treasury market, the yield on the ten year right now is sitting just at about 0. 852 and the vix also spiking yesterday, probably a little bit on concerns about what happens as we go back into some of the lockdowns. The seesaw of good and bad news on covid. And well give you a bit of good news that happened overnight in the vaccine wars developed by the university of oxford and astrazeneca found to be safe. An
Nasdaq up more than three quarters . The industrials also back on track today. Is there any reason for worry apart from the fact. I worry when i dont worry. I think because you change months doesnt really change the na narrative. There are pockets of the economy that are doing well and recovering housing, auto, parts, consumers, manufacturing. Did you see the numbers . The new orders jumped 5 the ism was the best number since november 2018. Manufacturing is recoverying i would argue is in a v recovery you have pocket of the economy that are not doing well. That are struggling. We have a million job in initial claims thats why i think youre going to see a fiscal package. You still have a lot of trouble in things happening with regards to travel and leisure and restaurants and that sort of thing. I do think that you get the fiscal package i dont think the change is in terms of my investments because as you recover, the economy recovers you get through the elections. I think profits recov
The condition unknown. There may be additional victims. The mayor of chattanooga is calling it a horrific condition. Chattanooga state Community College is in lockdown. We anticipate there will be a News Conference. Some estimates have it in the next 30 minutes. Others vary on that. We dont have confirmation on when that will occur. Once again, the navy is responding to inquiries and confirming that there has been a shooptsing at ing shooting at one of its facilities. Possibly a second shootinging at another. The atf is heading to the scene and we will keep you posted. We know of one victim condition unknown. But theyre saying that there may be additional victims. Sue, i know you may not know the answer to this question. Is there a suspect . I presume no one is in custody and it is still being treated as an active shooter situation. Were not sure if it is an active shooter situation. We dont know whether anyone is in custody. So at this point because we dont know whether anyone is in c
Millionaire lawmakers in congress are getting even richer. An you guess who the richest member of congress is . Think about it. Well tell you later this hour. Sue is off today. Simon hobbs is in at the new york stock exchange. Hi, simon. Hi, tyler. Weve broken the fourday losing streak. It may be low volumes or summer action. Well take a gain of 54 points on the dow. Retailers are a clear focus. Best buy is up. Urban outfitters which trades on the has tanasdaq is helping to that higher. The reits are doing well today. A lot of focus is overseas. With the emerging markets, stocks there taking a beating and the currency selling off sharply because of the concerns of fed tapering and where that will run the currencies and trades. Lets bring in bob and ken. Director of oneal securities and cnbc market analysts. Before we get into the emerging markets, you were worried last night we lost the 50 Day Moving Average on the s p. By regained that. Were hitting our head right on it. Its acting as
First to sue at the nyse. I have a funny feeling thats going to get messy, ty. Right now though lets focus on the markets, and despite the fact that the markets do remain near record highs the underlying economy is constantly on the mind of traders down here and investors across the country. American companies and, of course, the u. S. Government also concerned with unemployment still at 7. 6 . What are the forecasts for growth Going Forward . Our senior economics reporter Steve Liesman has the latest cnbc fed survey. Steve, over to you. Sue, thanks, not very good is the forecast for this year. Strengthening next year. I want to show you whats happened to the 2013 forecast. When we first started asking about 2013 back in january 2012, 2. 6 came steadily down to 1. 9 by year end and then it went back up above 2. This time around giving up the ghost on 2 this year, bringing it down from 2. 1 to 1. 9 , but what youll see when you look at it at the next year is that belief in a rebound in