Worst day in nearly a year. Media reports surveillance quest one of the pilots on the crashed german wings plane may have been locked out of the cockpit during the aircrafts descent. Welcome everyone to the show. If youre just waking up and looking at your portfolio yesterday was a rough day on wall street and what made yesterdays price action particularly interesting was we did see a rebound in oil prices but despite the out performance in Energy Shares stocks fell across the board. The dow down about 1. 6 . The s p 500 Still Holding on to the psychological level. But nasdaq biotech shares moving to the down side. Thats what really drove the nasdaq to the down side. Taking a look at futures, what can we expect in todays trade . The sell off could continue. The dow down triple digits. 110 point move to the down side. The s p 500 down about 15 points. The nasdaq down 37 points. Taking a look at european markets, generally an optimistic view on the rebound with manufacturing and the data
Stop, listen and learn. That could be the best take away in this marvelous 10th anniversary week. We have been talking to the finest minds in business. Today will be no different when we tap into the insights of the keeper of the disney flame. Stop listen and learn because you might understand why the averages are pumped with the dow declining 28 points today. Theres a positive future that cant be lost in the strong dollar Federal Reserve that possessed all the professional Money Managers out there during this period. Its an introspective week here for me. Even someone that shot himself in the foot more than once over a decade has to take timeout and ponder about whats being said in an interview. Whats really being said about the executives were speaking to on the show. Mark fields the ceo of ford motors said something to me last night that stopped me in my tracks and made me rethink everything i wanted to ask him before the interview started. I pride myself on my preparation and i wri
364. Four dollars in california. As we digest all of that disappointing news, cheer up, everybody. We have a new instant billionaire. 400 million from the banks. Varney company is about to begin. Stuart we know that both sewall has fallen. We just got the news that cribbs has also fallen. What is your reaction to this. Great job obama. Great job, dude. It is flat out chaos. Taking control of two of the countrys biggest cities. Now moving south. They are approaching. President obama has reportedly denied the request. He says he is confident that forces will regain control. Citizens of that city are leading in droves. Half a Million People have fled. Now the market reaction. The price of oil spiking. We are now at 105. 87. Iraq exports 3 Million Barrels a day. That price, what you are looking at, goes up. Dan Dan Henninger from the wall street journal is here today. Is it as serious as what happened in crimea . The price of oil is going up. They have taken the city. Even the turks have t
Lauren taylor. This is al jazeera alive from london. Also coming up. Ukraine says its destroyed key russian positions in its offensive to take back the southern the house on region. Com returns to Rocks Capital after supporters of shortly demo tundra souther heat is cool for them to end their deadly protests. Thus to day. It is pakistan to morrow, it could be your country. Un appeals to a 160000000. 00 to help pakistan where millions of lives have been devastated by what is described as a mom seen on steroids. I know mikhail gorbachev, the former soviet president and one of the most consequential leaders of the 20th century has died at the age of 91 born into a peasant family in 1931. He rose to become the leader of what, what was once the Worlds Largest country and ever saw a massive program of political, economic, and social liberalization. Gorbachev presided over the end of the cold war and the lifting of europes on cotton. But failed to prevent the collapse of the soviet union. He
Exacerbating supply chain issues because of lockdowns. The fed will continue to run off its Balance Sheet as planned that pace starting in september will be 60 billion in treasurys and 17. 5 billion in mortgagebacked securities. That continues to the statement, goes on to say the fed will adjust monetary stance based on eve merging risks. This was a unanimous statement, includes votes 3 00 new members, full board, lisa cook, michael barr. The fed raising rates 75 basis points as expected but saying recent indicators show that spending and production have slowed, have softened is the word they used. Charles, back to you. Charles a lot of interesting juicy stuff. Edward, thank you very much my friend. The fed has made the hike expected. The street has to deal with the guessing game. You heard what edward said. New words, some taken out. Maybe well learn some more in the question and answer period that is very important, more so today. This is a very serious dilemma, folks, twin evils of