Welcome to squawk alley for our tuesday morning. Im in rio, joining me fromport 9 is jon fortt and kayla tausche, but first, this is a good day for the u. S. Team. The u. S. Won six swimming medals yesterday, five of them from rookies. Here are something beginning can katie meili. I im so happy and thrilled. Theres so many people that that medal goes to, not just me. So many people that helped me get here. They really deserved it. I would have loved to have been faster, but ive got 9 experience under me now. I think i can do better. I laid it out all there. Im so happy for kathleen. I came up short, but i left everything in the pool. Such a great night. Theyre all just incredible people appeared athletes the its really cool. The other big craze, guys, as you well know is fell manies face as he as his rival chad le clos shared that television screen. Theyre going to face each other tonight, phelps of course looking for redemption after losing to le clos in london. Gymnastic, swim, judo,
Start of the democratic convention. This is risk and reward. Democrats are in chaos as a series of dnc leaked emails suggests an unfair democratic system. Wikileaks released emails show the dnc helped defeat somewhere sanders. All of this swirling in the backdrop of philadelphia. My col he can jeff flock is outside the center. Jeff, whats the tone like . We see lots of protesters and hear lots of noise. Plenty of thanks outside the wells fargo center. Bernie sanders supporters are trying to make their views known the delegates as they go in. Bernie sanders delegates will get cheered and Hillary Clinton delegates will get booed. People feeling this election was stolen from Bernie Sanders. They gave a particularly nasty reception to Debbie Wassermanschultz when she appeared in public for the first time. Take a listen. We have so much to do, and we have to make sure we notch Forward Together in a unified way. We know that the voices in this room that are standing up and being disruptive.
Street. Stocks plunged, the market turned icy at least for a day. Dow and s p 500 had the worst day since the brexit vote aftermath at the end of june. The reason today, a fed official hinted an Interest Rate hike is not far off. Thats not necessarily a bad thing. It suggests the Federal Reserve thinks the economy is getting Strong Enough to shrug off a rate increase, but it did spook investors who have become accustomed to easy money policies and spooked them doubly because the fed official that spoke is normally in the easy money camp. Here are closing numbers for a bruising friday. Dowjones industrial average tumbled 394 points to 18,085. All of the major indexes fell more than 2 for the week. Biggest weekly drop for the dow since first week of the year. Reporter it is about time. By summer dole drum standards, its a lopg period of volatility. It was two months ago. The feds Eric Rosengren reminded everyone markets arent positioned for a rate hike in september and he made a case it
Headquarters in new york. And anna edwards in london. How was jackson hole taken in the city . Na we are watching how this is playing out in the equity markets. Taken badly by the equity markets. Down. 3 . Down across the european session. I was fascinated with how they had to walk the line by saying, we dont have that many policy tools, but they have enough. Anna . Nextr joining us in the hour. Taylor italy will investigate whether fraud has anything to do with people who died in the earthquake. Contractors that broke building codes. And the country wants to make sure that organized crime does not get involved in the session. G the Authorities Say someone set fire to the crime lab in an in colombia, a permanent ceasefire has taken effect in a conflict that has lasted five decades. They are laying down their arms as part of the peace accord. To approve the agreement. Fighting in colombia has killed an estimated 520,000 people. Singapore has confirmed that residents have the zika virus.
Street. Stocks plunged, the market turned icy at least for a day. Dow and s p 500 had the worst day since the brexit vote aftermath at the end of june. The reason today, a fed official hinted an Interest Rate hike is not far off. Thats not necessarily a bad thing. It suggests the Federal Reserve thinks the economy is getting Strong Enough to shrug off a rate increase, but it did spook investors who have become accustomed to easy money policies and spooked them doubly because the fed official that spoke is normally in the easy money camp. Here are closing numbers for a bruising friday. Dowjones industrial average tumbled 394 points to 18,085. All of the major indexes fell more than 2 for the week. Biggest weekly drop for the dow since first week of the year. Reporter it is about time. By summer dole drum standards, its a lopg period of volatility. It was two months ago. The feds Eric Rosengren reminded everyone markets arent positioned for a rate hike in september and he made a case it