Yesterdays record drop played out. This is a time lapse video of what happened with the dow down 200, down 300, down 400 as you got closer to the end of the day, down 1600 points almost at one point by the end of the session, 1,175 point decline. Decline of 4. 6 . This is the biggest point drop in history add it up, the dow traveled 5100 points yesterday down 4. 6 does not rank in the top 12 or 15 declines weve ever seen the biggest decline was october of 1987, a 22 decline this was enough to get peoples attention. The dow and s p lost more than a third of their 2017 gains just during the last two sessions if you were wondering what else was going on behind the scenes, volatility this was the big story volatility is back yesterday we were talking at this time about volatility being up at 17 that was a big deal. By the end of the session it was above 35 for a gain of 115 . This morning you see volatility up once again, another 14 this morning, 4262. Mike santoli, this is something that
Yesterday markets didnt hold on to the morning gains. The markets down for the fifth day in a row. You can see things picking up this morning with the dow futures up by 85 points. S p futures up by 11 and nasdaq up by 37. Flat yesterday . Down by about five points for the dow. Yeah. Lets tell you about some stocks to watch. Barely down but ended down for five days in a row. You know the dow is one thing. Comcast was up. I just happened to see it. Not that it matters. A couple of stocks to watch. Intel with better than expected Quarterly Results. Growth in its Data Center Business that helped offset demand for pcs that used the companys chips. Well talk to an analyst about all of that. Also netflix shares are up sharply. Company adding more subscribers than forecast in the latest quarter helped by overseas expansion and that stock rocketed yesterday afternoon and ebay nearing a deal to sell their Enterprise Business for about 900 million. Theyre lead by mara and sterling is in there and
The transports to record highs again today. Plus the grocery wars are heating up again. This time walmart is making a newing a b decision to go after amaz amazon very interesting a lot of people in new york city are very excited about it. Well explain coming up in a little bit. Good for brooklyn. We start with our top story right now, executives from two scandalridden companies have been meeting facetoface with lawmakers on capitol hill today. Cnbc cnbcs wilfred frost has the highlights of the wells fargo hearing, about millions of unauthorized accounts opened by that company and aditi roy has the latest on the exequifaxs ceo, the attack that compromised the data after more than 145 million milliamericans. Aditi, start us off. Reporter former equifax ceo Richard Smith was grilled for close to three hours by about two dozen lawmakers. As he headed out of the hearing, i asked him about the breach he remained tight lipped eped a walked past our cameras. Gave an eight page remark before he
Bank. Tand shares in zalando fall after sales growth we have a lot of things to get through today. Lets look at the markets one hour into the trading session. The stoxx 600 is up marginally to the tune of 0. 1 , this is following a small dip to the tune of 0. 3 in yesterdays trading session. As we look at whats doing well today, we have outperformers like germany to be honest we had the first q3 Earnings Results rolling in, and they were disappointing. Talking about zolando and akzo nobel. Lets show you how were faring today. The cac 40, the xetra dax eking out modest gains we get the wage data later this morning in about a half hours time that will be key for boe watchers the ibex 35 continues to underperform off by 0. 4 well touch on what mr. Rajoy has been saying in the Spanish Parliament this morning. When it comes to the sectors, this is the view. Real estate, healthcare, travel and leisure outperforming, on the down side, construction, telecoms and banks not a lot of movement on
And im watching copper acteding better than expected up 1 . Now for a quick look at the week ahead. It is quite a week. Tomorrow earnings from bank of america and Goldman Sachs. Then Morgan Stanley. Then the inaugural meeting of the u. S. China economic dialogue will take place in washington. At 8 30 on wednesday we get u. S. Housing starts data. Economists forecast a jump for the first time in four months. Then thursday, followed by the president 45 minutes later. And the bank of japan will release its Monetary Policy decisions. At 8 30 eastern its weekly jobless claims. Then friday well have earnings rom General Electric and honey well. And then shell watch her episode of game of thrones. Overnight we have important and encouraging Economic News from china. Joining us now from hong kong, it looks like a beat pretty much across the board. Take us through it. Good morning. A big set of numbers for china, shows that theyre on tract to contribute one third of Global Growth this year. Its