Lets head straight to the markets. On a hyman has the latest pretty sharp decline in the markets. Julie im just seeing a headline. The u. S. 30 year mortgages knowing 3. 59 according to freddie mac. Lower. Arching ever fascinating. We are seeing stocks fall back after the advance we saw yesterday. That basically reversed the declines from the day before. On the back of the fed minutes, the reader is relatively dovish and we are seeing those gains reversed once again. In terms of what is moving us we haveelecom stocks rates we are seeing the financials get hit again. In terms of the individual movers, we have a couple of downgrades. Estimates and price cuts on apple have been cut. People are holding on to their iphones longer. They are not replacing them, which is negative for apple. Verizon has been downgraded over jeffries. The margin is going to be os video by the fi platform. Betty the japanese yen is the other big story. Julie for sure. A remarkable level in the japanese yen. The d
Eurozone may be weaker than previously thought. That pressured stocks. The Dow Jones Industrial average dropped 140 points to 17,750. Nasdaq fell 54. The s p 500 was off 18. As bob pisani points out, the very things that had been driving the market higher for nearly three months seem to be starting to shift. Reporter stocks were down today as three key parts of the recent rally reversed a bit. First the china problem. Chinas been stable recently but the Economic Data has been choppy, kind of hard to read. Overnight the manufacturing numbers were weaker than expected. And that is predictably causing commodities and commodity stocks to weaken around the world. Second dlem is the dollar, notably weak this quarter. Its been a big help to commodity stocks and u. S. Based exporters. Some are starting to question whether the dollars fall is now over. Indeed, the dollar staged a reversal today. The third problem is oil. We know that its off the february low of roughly 26. But its dropped about
Eurozone may be weaker than previously thought. That pressured stocks. The Dow Jones Industrial average dropped 140 points to 17,750. Nasdaq fell 54. The s p 500 was off 18. As bob pisani points out, the very things that had been driving the market higher for nearly three months seem to be starting to shift. Reporter stocks were down today as three key parts of the recent rally reversed a bit. First the china problem. Chinas been stable recently but the Economic Data has been choppy, kind of hard to read. Overnight the manufacturing numbers were weaker than expected. And that is predictably causing commodities and commodity stocks to weaken around the world. Second dlem is the dollar, notably weak this quarter. Its been a big help to commodity stocks and u. S. Based exporters. Some are starting to question whether the dollars fall is now over. Indeed, the dollar staged a reversal today. The third problem is oil. We know that its off the february low of roughly 26. But its dropped about
Eurozone may be weaker than previously thought. That pressured stocks. The Dow Jones Industrial average dropped 140 points to 17,750. Nasdaq fell 54. The s p 500 was off 18. As bob pisani points out, the very things that had been driving the market higher for nearly three months seem to be starting to shift. Reporter stocks were down today as three key parts of the recent rally reversed a bit. First the china problem. Chinas been stable recently but the Economic Data has been choppy, kind of hard to read. Overnight the manufacturing numbers were weaker than expected. And that is predictably causing commodities and commodity stocks to weaken around the world. Second dlem is the dollar, notably weak this quarter. Its been a big help to commodity stocks and u. S. Based exporters. Some are starting to question whether the dollars fall is now over. Indeed, the dollar staged a reversal today. The third problem is oil. We know that its off the february low of roughly 26. But its dropped about
Evolutionary than revolutionary. Now, some of these proposed changes include inspections every 12 months or 50,000 miles whichever comes first, by a licensed shop. Maintain records on inspections, insurance and driver background checks that the state can review at any time. Logos must appear on the front and rear of the car. Ridesharing companies would have to certify how they calculate fares and if a car is leased by the driver that contract would have to be longer than four months. Now, in the past, we have reported on these lease agreements that drivers sign True Partners between the Ridesharing Companies and leasing startups. For drivers with all kinds of credit scores, it can be a good deal at first especially with all the discounts. Kelsey who paid 800 a month was one of the first to sign up but then lyft started slashing fares. This is not economically viable any longer. We have had five rate cuts since i started driving. Reporter todays meeting is set for 9 30 this morning in S