The last 20 minutes or so. Nasdaq is down 33 and 3 quarters. Now these numbers coming after signs of the spread to have virus stabilized in hot spots. That led to strong rally yesterday. Here at the close yesterday, the dow gaining and s p entering bull market. U. S. Death toll topping 14,080 but there are signs that the spread is slowing in hot spots. The cdc issued guidelines to get to workers. The Trump Administration requesting 250 billion, democrats want additional 50 billion. Fed chair jay powell will be giving us an update on the economy and actions taken to combat the impact of the virus, thats today 10 00 a. M. Eastern time. More to expect from the fed. The today is a big day for oil. We are watching the contract right now. Its up almost 5 and a half percent. The investors are watching the opec meeting including saudi arabia and russia, can they come to an agreement . All rising on hopes of a deal to cut production and bring an end to the costly priced war. And then there was
Averages pointing to higher open in premarket, dow looking up by 53 right now, hammering the good news, over in europe taking a look at the markets, ftse again, one bright spot for european markets, up 26, in asia overnight, markets closing mixed, the kospi was closed for holiday, the nikkei the only average slightly in the red. Well, tragedy in new york on a freezing night flames ripped through an Apartment Building killing at least 12 people including four children. This tragedy is without question historic in its magnitude here and our hearts go out to every family that lost a loved one here and everyone thats fighting for their lives. We will have the latest from the investigation into the citys deadliest fire in decades. Well, no fear of the russia probe, President Trump opens up in a new interview saying that special Counsel Robert Mueller will treat him fairly and will be ultimately vindicated, explanation coming up. Investigating the investigators, House Intelligence Committee
Almost one point. Cheryl japan just a little bit lower. North korea and the United States. Lauren right here at how would you pay 10 a month for unlimited movie tickets . One of the nations biggest Movie Theater chains has absolutely not. Fbn am says right now. Train 25 01 a. M. In new york in wednesday, august 16th. A lot of things to discuss this morning. Im cheryl casone. Lauren good morning. I am lauren simonetti. We want to dive right in. Train to its incredible whats happened in the last 12 hours. Lauren breaking news the day after donald trump condemned white supremacist by name and is now back to blaming both sides for the deadly violence over the weekend. Listen to what the president said late yesterday at trump tower. The driver of the car is a disgrace to himself, his family and this country. You can call it terrorism. You can call it murder. You can call it whatever you want. I would just call it the fastest one to come up with a good verdict. Thats what i call it. What abo
After the bell is happening right now, everybody. Cheryl lets look at todays market action. Ill tell you we have a lot going on. Lets bring in yudee change. Mark newton on the floor of the new york stock exchange. Alan nubbing man down on the nyse. Were watching volatility david was speaking about. You have at least on the equity side we didnt react there was no positive reaction on the equity side to this news report, that they are reporting that the husband republicans will take a deal to the floor tonight . Well it may be the sell the fact type action. We moved up 4 over last couple days. You have to remember, s p yesterday was only 1 of alltime highs. Nasdaq made new decade highs. You might see people taking chips off the table just in case there are last minute hiccups. People seem more confident. Were down only hal on the day the vix has a little bit of action in it but it is still significantly lower than it was last week. Last week we had a reversal where it made new highs and
And a losing week. Lets look at the dow. The dow jones is on track to have its worst Weekly Performance in eight months and potentially worth five months. Ditto for the s p 500, as you can see we are down 30 points. This is the worst performance we of seen in five months for the s p. And concerned about big drops in currency and the emerging markets, argentina, turkey, russia, south africa, a big reason for the selloff today. We also like to talk about the bright spots even if there arent many today. If you are watching after the bell yesterday with david asman you would know that microsoft beat earnings estimates in part due to strong sales from surface tablets and x box i. Lets talk about that stock and look at microsoft, by 0. 95, a gain of 2. 5 . Liz had the chance to sit down with microsoft founder bill gates in davos. This is a u. S. Exclusive and that interview is coming up in a moment. There was this procter and gamble getting a boost today after it eked out a bead on its earni