Lunch. The crypt o hits the fan im Tyler Mathisen the dow down and off to the worst week in two years. Energy is getting walloped apple shares on pace for the worst week in more than three months bond yields, this is the story, folks of the week. Maybe the story of the year. The 30year bond yield now above 3 highest level since march. The benchmark ten year jumping to a fouryear high above 2. 8 Steve Liesman is the man and he is joining us for the hour thanks, tyler im steveliesman we begin with the market, selloff concerns about Rising Interest Rates a big reason why. Bob pisani is at the New York Stock Exchange where weve just crossed the down 400 park. We bottom but the bad news is were not rising were sitting near the bottom and paralleling the 10year yield. We hit the highs about 2. 85 that was about 10 00 eastern time and that was when the market essentially stopped going down you could see it moves sideways. Take a look at the s p 500 and weve been moving sideways since 10 00. B
And new data on how bad the breach was at jp morgan. It was a computer hacking thing. It is a very, very large number. First to sue. We have a very large number on the Dow Jones Industrial average based on the stronger than expected jobs report which is fuelling todays big rally. Just to recap the u. S. Economy adding 248,000 jobs in september ahead of expectations. Also, the prior two months were also revised higher. The surge in hiring driving down the Unemployment Rate to 5. 9 , the lowest since july of 08. Despite todays big rally the major averages facing a second egweek of losses. The s p 500 is up 22, almost 23 points on the session. The nasdaq is up 53. The transports up 162 points on the session and the russell is up 12. Lt oil, though, continuing to plunge. It is on the down side by better than 1 . 1. 25 on brent crude. West texas off. The gold market down 22 almost 2 there. And the year on the ten year up to 2. 45 . More on the trading action. Morgan brennan is at the nasdaq
She thought the only thing that we gave her for her wedding was that chintzy little gravy boat. Thats why you didnt call us all these years. Uh, well, we were a little hurt, but. You cant put a price on friendship. You know, youre not gonna be able to cash that. Honey, write them another check. Absolutely. Uh, remember, its 2002. Yeah. Now, you use this for something fun. No paying bills with this. No, no, no, no, no actually, we were, uh. Planning a trip to new orleans. New orleans thats our town we go all the time hey, heres a crazy thought. Now that this mess is all cleared up, why dont we go together . Uh, well, you know what, um, wed actually slow you down because we dont drink. Neither do we neither do we its perfect dont you dare go to new orleans without us. dootrick or treat mmm thank you mmm mmm Vidal Sassoon volume collection gives you ampedup shape, zero weight. Foaming air mousse boosts and lifts for up to 24 hours. Vidal sassoon volume. Salon genius. Affordable for all. V