North korea adding to the growing list of geopolitical concerns after that country announced a nuclear test and claims to have successfully tested a hydrogen bomb. China fears deepened when a report showed the Services Sector of the worlds second largest economy grew at a slower pace than expected. And add to that the situation in the middle east. A drop in oil prices big time, and investors all across the world were rattled this day. The Dow Jones Industrial average slid 252 points to 16,906, nasdaq dropped 55, the s p 500 declined 26. Domestic crude settled at its lowest level since december 2008, down nearly 6 to 33. 90 a barrel. Michelle carusocabrera reports now on the global events pressuring stocks today. Reporter the selling started late last night when the world learned north korea conducted yet another nuclear test, claiming they had detonated a hydrogen bomb. If true, that would be a significant advance in north Koreas Nuclear capabilities. The claim was met with skepticism,
North korea adding to the growing list of geopolitical concerns after that country announced a nuclear test and claims to have successfully tested a hydrogen bomb. China fears deepened when a report showed the Services Sector of the worlds second largest economy grew at a slower pace than expected. And add to that the situation in the middle east. A drop in oil prices big time, and investors all across the world were rattled this day. The Dow Jones Industrial average slid 252 points to 16,906, nasdaq dropped 55, the s p 500 declined 26. Domestic crude settled at its lowest level since december 2008, down nearly 6 to 33. 90 a barrel. Michelle carusocabrera reports now on the global events pressuring stocks today. Reporter the selling started late last night when the world learned north korea conducted yet another nuclear test, claiming they had detonated a hydrogen bomb. If true, that would be a significant advance in north Koreas Nuclear capabilities. The claim was met with skepticism,
Gaza, the vix up 35 . The markets on high alert. Well take a look at 2. 50. The dow during yesterdays session tried to hold up. Earnings have been pretty good. Yesterday Morgan Stanley was pretty good. Were always going to move on geopolitical events and yesterday a lot of people were just saying, can we do in this entire day we need a doover because a lot of disturbing things happened. Theres the vix, closing up 32 after trading even higher. Now some levels, obviously, but in past breaks, the vix has gone right back down. Well see whether thats the case this time around. Take a look at oil. Thats pretty well behaved, given all this everything happened in the world at this point. But still over 103. Here is the tenyear. The now 2. 48 , which you would expect as people move into the dollar. 2. 44 yesterday, yeah. Rushed through that to buy u. S. Securities. And then there is the euro and the pound and the yen. Check out gold. Which, you know, has been just difficult to really figure out
Melissa military strikes against isis move proving more costly than first expected the pentagon upping price tag to 10 million a day, higher than initial estimates. President obama rallying support for his strategy with another national tv appearance, with Approval Ratings hovering near personal lows. He will appear on 60 minutes this sunday. Here to discuss it all, Charlie Gasparino, James Freeman of the wall street journal, james frischling, president of new oak. 60 minutes, is this the way to go . James, go ahead. Charlie passes on that. So. I think, 10 million a day, thats fine. Of the probably ought to be a little higher right now where out in the open. Remember were not, this is not a discussion whether we ought to try to run syria or runner rack. It is just, do we want to take out terrorists who would like to kill us . At that price, 3. 6 billion a year, less than 1 of the defense budget. Melissa how about taking strategy to 60 minutes on sunday. Better than going on in between
Quarter gdp, personal income and spending, new home sales and consumer sentiment. On wednesday, weekly jobless claims will get here a day early because of the holiday. A big part of the story on the markets and the economy, oil with the latest lumberg survey showing gas prices dropping to the lowest level since may of 2009. The National Average for a gallon of regular unleaded is at 2. 47. And andrew, welcome back. Thank you, becky. It sounds like Nothing Happened last week. It was kind of boring . What happened to the market in cuba . And russia. And then the whole i dont know, i feel like a lot happened. Anyway, well tell you what is going on in corporate news. The price over a new hepatitis c drug expressing its largest plan is now going to be offered for treatment with patients that have the most common form of the virus. Starting in january it will exclude drugs from gilead and Johnson Johnson. Meg terrell is going to join us with that story next half hour. And ocwens executive ch