Extraordinary upside moves we saw this year but now the action is just as extraordinary on the downside as what we saw moving higher since we turned the calendar. This is when we start to dust off the old adages down is quicker typically than the up markets weve had all a rise, we dont have to remind you of that, but the we have to pay the piper and the dow is down by the way, you cant compare the percentage terms down 802 on the dow. Biggest point decline prior to this was 776 during the financial crisis now, back then it was 7 , 8 drop today were talking 3 its rare to see that kind of move well show you everything going on with the spiking volatility. Its unsettling because it happens all at once. Well bring mike santoli in in a little bit we were talking about how the market has changed in 2018 compared to what we saw the last couple of years. Where most days the move higher would be a small one we were hitting base hits or doubles or something now weve been hitting home runs both u
Saw wire going to have the trump rally. Within what time frame . I think in the next couple of months. 45 is a number that 45 to 50 is the number the market likes. It does. Yesterday when oil was slumping, thats when the equity started. Its almost as if we get close to that three handle again and people start worrying. The market was just off oil. That was the key thing to watch. You put up a couple weeks of inventory build. Couple weeks of rigs coming back online. Was it supply. I thought it was trump so im confused. Reoccurring worries come back. Well see. 42. 79 touched the lowest level since april. Once it gets three handle again its hard for markets to make headway. What is the level which it stops becoming a positive for the consumer. Remember last time it should have been great at 27. All the banks now everybody can refinance their loans, Energy Companies arent going to go bankrupt. It brings up fears of we had a guy yesterday talking about the recovery long in the tooth. Every
This is fox5 local news at 10. Right now at 10 a frightening situation for people across our region. For hours their calls to 911 wouldnt work. Well break down what happened and if it can happen again. Agai a stunning announcement from the districts veteran police chief cathy lanier. I think i definitely bring something to the table. The chief scores a job withob the nfl. Th when is she out . Who will replace her and who is in chargn of finding her successor . The answers that will impact thehe future of the districts policee force. Fo plus, three people charged with running a sex trafficking ring t in maryland. Investigators say they recruited teens online with promises of modeling. How police busted them. Right now on fox5 news at 10. Customers across the region have had trouble calling 911. 911 as you can imagine its createda all kinds of problems. Thanks for joining us im shawn yancy and im tony perkins. Its been going on for most ofof the day, sprint customers are getting a busy s
This is fox5 local news at 10. Right now at 10. Money is tight and i dont know what to do rights now. Parents with kids in a local Head Start Program are scrambling to find alternative care for their children afterhil federal investigators found teachers using cruel and unusuas punishment anacin theftic marijuana making a resurgence in the d. C. Area. Rea. Concern is growing as we learner of more overdoses including the recent death of Christopher Barry. The skies are opening up. How long will the down pours last. We thank you for joining usus tonight, im tony perkins andnd im shawn yancy. N ya tonights storms are causing problems all across the region from Power Outages to trees down. Do lets take a life look right now, emory lane in rockville. Ock you can see there are flares down on the ground. E we sparked a brush fire right near a house there. We were also told that more than 10,000 pepco customers are without power. 4,000pb and e are without pour and 18,000 dominion customers are
Week in the futures market. The nasdaq would be down about 10 102 points and this comes after the dow closed in triple digit negative territory yesterday despite a big spike in oil. We did see another negative session in asia. Of course among the big reasons, new Economic Data showing chinas Manufacturing Sector contracted last month. It contracted at the fastest pace in three years. The official number contracting for the First Time Since february. You can see how the Chinese Markets are he reacting to that. Down about 1. 25 but you can see a sharply reaction in hong kong and shen seven which shows chinas higher growth stocks. Meantime, exports from south korea tumbled by the most in six years so that is also effecting the markets here. Shanghai composite was down as much as 5 before recovering to close down 1 thanchts loo. That looks better. We have to switch the percentages. Soon, now, today i think. Instead of arresting people that are selling stocks like in china. Thats first reac