Lets get down to business and tell you whats going on this morning. U. S. Equity futures right now. Youre looking at a morning with red arrows. Dow jones would have opened about 46 points down. Nasdaq off 49 points off and s p 500 off about 6 points. But as you would say joe so goes apple so goes the dow. And the nasdaq which has been doing better recently and then yesterday anyone cares to be watching says the dow is getting crushed down 200. If you added it up it was like 140 at one point during the day. The vast majority of the decline. Right. Which made me think that maybe the dow wasnt doing so badly, the other 29 stocks. But then after the bell i dont know how microsoft will be received but apple has a long list i have written down every Single Person that told me that i never will have ever anything to worry about. That 49 billion in revenue is the birth right of apple. You know what they say about history, it doesnt repeat but it rhymes and ive seen a lot of stocks start on the
Another 32 points. The nasdaq looks like it would be down by 123 points. Again, this is across the board some rough times. If you thought you were going to see a rebound this morning, its not happening, at least not yet. Part of the reason what happened in china. Joe mentioned the shanghai composite plunging to a fivemonth low. Its now giving up all of its gains for the year. That decline of 8. 5 that came today follows a 4 decline from friday. Again, it has been rough. It has been difficult. Weve been watching what chinas trying to do. There is a general sense of not only a slowdown in china but also the idea that the Chinese Government may be losing control. Many investors had been expecting beijing to unveil more policy support over the weekend following last weeks 11 drop for stocks, that didnt happen and the disappointment over the lack of a move is evident. It is one of the big reasons for todays more than 8 drop. The rest of asia also closing sharply in the red. Take a look at w
After this hour dan is going to be breaking down how we behave, what we did. You end up not feeling very good. Dan now im selfconscious. Vonnie good morning. France preparing to extend the state of emergency that was declared after last fridays terror attacks. The French Parliament begins voting on the measure today that allows the government to ban public demonstrations and carry out searches without warrants. Statevideo, islamic threatens to attack times square. Police say there is no specific threat. Since the attacks in paris, new york has employed extra Police Across the city. When it comes to who has a better temperament to be president , republicans pick ben carson over donald trump hadbut ,when asked to can get something done, can fix immigration and manage the economy. Those responses were from the latest Bloomberg Politics National Poll trump was the first choice of 24 of republican survey. Marco rubio third with 12 . You can get more on these and other breaking stories 24 ho
Watching this morning. Crude oil prices falling. This is all coming as traders question reports that opec might meet for the meeting in june. Some people questioning those sources but its been something the oil market has been watching closely. In other global news positive developments on the on going greek saga. Athens sending economic reform plans to the euro zone overnight. The proposals include measures to crack down on tax evasion and corruption. And back here a packed agenda of economic and corporate news. Well be getting the the home price index. February Consumer Confidence and the richmond fed survey. Home depot and comcast and macys. We have earnings that are just out from dow component home depot you saw across the screen while becky was talking. Earning 1 per share. Beating estimates of 89 cents. Home depot also announced 26 increase in its quarterly dividend. Now up to 59 Cents Per Share as well as an 18 billion Share Repurchase program. The company did say the strong u.
Upbeat on business activity. Recent data pointed to signs of a slow down. Meantime chinese stocks jumped to more than a fiveyear high overnight. Suggesting more government stimulus was ahead. And the New York Times reporting that the federal authorities investigating the october data preach at jpmorgan they are confident that a criminal case will be filed against the hackers. It means several of the suspects live in a country with which the u. S. Has a extradition treaty. The u. S. Is hitting the debt limit again. Jack louew will have to take extraordinary measures from defaulting on the debt. Well talk about that with ben white who is going to join us in a bit. And a few stocks to watch. Ge selling the Consumer Lending business of ge capital to an investor group. It carries an surprise value which includes debt of about 6. 3 billion. An a Clinical Trial shows that the heart drug can cut the risk of death another heart attack or stroke in patients that had a history of heart attacks cu