Eurozone may be weaker than previously thought. That pressured stocks. The Dow Jones Industrial average dropped 140 points to 17,750. Nasdaq fell 54. The s p 500 was off 18. As bob pisani points out, the very things that had been driving the market higher for nearly three months seem to be starting to shift. Reporter stocks were down today as three key parts of the recent rally reversed a bit. First the china problem. Chinas been stable recently but the Economic Data has been choppy, kind of hard to read. Overnight the manufacturing numbers were weaker than expected. And that is predictably causing commodities and commodity stocks to weaken around the world. Second dlem is the dollar, notably weak this quarter. Its been a big help to commodity stocks and u. S. Based exporters. Some are starting to question whether the dollars fall is now over. Indeed, the dollar staged a reversal today. The third problem is oil. We know that its off the february low of roughly 26. But its dropped about
Eurozone may be weaker than previously thought. That pressured stocks. The Dow Jones Industrial average dropped 140 points to 17,750. Nasdaq fell 54. The s p 500 was off 18. As bob pisani points out, the very things that had been driving the market higher for nearly three months seem to be starting to shift. Reporter stocks were down today as three key parts of the recent rally reversed a bit. First the china problem. Chinas been stable recently but the Economic Data has been choppy, kind of hard to read. Overnight the manufacturing numbers were weaker than expected. And that is predictably causing commodities and commodity stocks to weaken around the world. Second dlem is the dollar, notably weak this quarter. Its been a big help to commodity stocks and u. S. Based exporters. Some are starting to question whether the dollars fall is now over. Indeed, the dollar staged a reversal today. The third problem is oil. We know that its off the february low of roughly 26. But its dropped about
Eurozone may be weaker than previously thought. That pressured stocks. The Dow Jones Industrial average dropped 140 points to 17,750. Nasdaq fell 54. The s p 500 was off 18. As bob pisani points out, the very things that had been driving the market higher for nearly three months seem to be starting to shift. Reporter stocks were down today as three key parts of the recent rally reversed a bit. First the china problem. Chinas been stable recently but the Economic Data has been choppy, kind of hard to read. Overnight the manufacturing numbers were weaker than expected. And that is predictably causing commodities and commodity stocks to weaken around the world. Second dlem is the dollar, notably weak this quarter. Its been a big help to commodity stocks and u. S. Based exporters. Some are starting to question whether the dollars fall is now over. Indeed, the dollar staged a reversal today. The third problem is oil. We know that its off the february low of roughly 26. But its dropped about
50 million in the los angeles area. We will get reactions and analysis from our roundtable. Bloomberg Sports Reporter is with us when new york. Andy dollars is in San Francisco. We are joined by the former executive director of the nba players association. Been coveringe this story and we are talking about the economics of this. We are seeing sponsors dropping by the wayside. Was this unexpected . Not unexpected. There are two levels to this whole controversy. Backlash about the comments that sterling allegedly made and then there has been the financial aspect. Another aide have said that they will wait and see what happens, putting things on pause. Bad,nly were the comments it is also hurting the bottom line of the team and maybe the nba. As an just spoke about the bottom line here. What kind of damage control does a professional sports team have to go through when Something Like this hits . This isnt just the la clippers, this is the nba, a global brand. Racism is radioactive, no mat