Is there more pain to come or a real bottom anywhere in sight . Trade tensions still in focus as the Chinese Central Bank does something it has not done in more than ten years. Well tell you what that is on this thursday, augustth as Worldwide Exchange begins right now. Good morning, good afternoon, good evening and welcome from wherever in the world you may be watching. Im Brian Sullivan you are watching Worldwide Exchange. Thanks for joining us. These crazy, volatile markets have shown no signs of slowing down yesterday at this hour we were calm then stocks began to sink when trading began. The dow continued to fall, at one point off 550 points but then the buyers, they came in in the afternoon. The dow ended the day dow 22 points, posting one of its greatest point turnarounds of all time what will happen today lets look here is how your money and investments look futures are mildly higher. Dow futures up 21 points but this time yesterday futures were basically flat. All of a sudden
Well, good thursday morning and welcome to squawk alley. Im Morgan Brennan with david faber and mike santoli, live from post 9 here on the floor of the new york stock exchange. Carl and jon are both off this morning. Stocks are staging a recovery today. S p coming off its largest comeback since december of last year on pace for its Third Straight day in the green, but is todays rally sustainable or is more volatility ahead . Key question for investors joining us now is Wells Fargo Asset Management multiasset strategist, brian jacobson, and invesco, vice chair of investments, krishna mumani. Krishna, ill start with you what do you think . More volatility ahead . I think volatility is to be expected in a stock market thats dealing with lots of issues but at the end of the day, the real question is, where do we go from here . And as the economy stabilizes in the second half and trade issues dont get exacerbated further, the markets are probably going higher rather than meaningfully lower.
The week, stocks have reversed course. Tonvestors were encouraged by a rebound in global bond yields and some strongerthanexpected trade data out of china. Theit up and you hav recipe for a rally. The dow rose 371 points to 26,378. The nasdaq climbed 1 and the s p 500 added 54 and is now positive for the week. Bob pisani has been looking at some themes emerging in this market. Reporter talk about a wild ride on wall street. Stocks regained theirto footing y with the dow surging more than 300 points. The s p 500 bouncing back to right about where it closed last friday. Thats a remarkable ride. Stocks got a lift as bond yields have risen off of their lows and asin s currency has stabilized, at least for the movement. Cyclically, economically sensitive groups Like Technology and industrials, they led todays gain. Theyre now all positive for the week. Theres two big themes emerging that investors are paying attention to. First, is there a chance for a second trade truce between the United
One player who will be hoping to put a dent in the leaderboard this afternoon is kojin young the world number one has been in scintillating form, having already claimed two majors in 2019, including last weeks evian championship. But home hopes rest with hull. Time for a look at the weather. Heres darren bett. Almost perfect weather for the goal. There are fewer showers around but we could have heavy showers, in greater manchester, cheshire, derbyshire and perhaps into staffordshire. One week ago we were setting uk temperature records in cambridge. Today, those temperatures are more comfortable, although there are more comfortable, although there are light showers moving in at the moment. We are seeing showers developing across scotland, northern england. The main low pressure that has brought the rain is out in the north sea but we are seeing showers developing that will push down to the midlands, across east anglia and showers are possible in southern counties of england. Probably dr
101. So at 7 00, 57 to 34i6. Milder temperatures that will spring board us to 71 to 75 more brighter skies by noon except for the coast where we stay in the low to mid60s. A warmer afternoon seeing us push into the mid70s to low 80 frs the bay and inland neighborhoods but a comfortable evening on the way in the 70s. Got a little bit of a heat wave this weekend. Well talk about that coming up next. First over to alexis. Good morning, mike. Were looking at bay bridge toll plaza slowly starting to fill in. So that is the norm. Well see if the metering lights flip on early but most likely making it to 5 20 and the car pool is open and cash lanes not too bad, better than the last couple of days. So maybe they have a few more cash booths open. Drive times lookin good, southbound 101 santa rosa to petaluma 13 minutes and from Castro Valley to the maze and northbound 101 through downtown san jose, 280, 680 split to highway 85 in the green at about 11 minutes. Might have a new problem in richmo