Griffeth today General Electric and apple, ge rallying after the ceo announced hes leaving whether the new ceo get gets the stock moving, and apple downgraded i think the song is offsync we are going to be joined by dan fuss whether the selloff is a signal to the bond market. He joins us in minutes to dig into whats happening over there. Lets start with a nasdaq extending losses today, and joiningous closing bell exchange, we have kim forest, senior analyst, and steven, over at post nine, daily contributor, and our own Rick Santelli at the cme. Thank you, everyone. Sarch, sta sarge, you, bike tech, rotation to it. Industrials and energy picked up time to worry when the leaders are hit like this, or is this something healthy . No. I think its healthy its wheres the money going to come from i mean, obviously financials are in play this week. Youll have all three majors, four major banks, three this week, and so currencies move around yields move around, they move into energy because oil
Shanghai composite was down by three quarters of a percentage point. In europe, some early trading there, at this hour the bulls have their way the dax is up by 0. 6 . The cac is up almost by 1 the ftse up by 0. 4 . If you look at crude oil prices, crude was up yesterday settled above 46, this morning at 45. 87 big developing story. Londons fire commissioner says theres been a flub of fatalities in a fire that broke out overnight in a high rise apartment. Fire fighters still working to put out that blaze which quickly engulfed the 27Story Building in london. Londons mayor says question also have to be answered over the safety of those towers some residents in the building say they had been advised to stay inside in the event of a fire in another part of the building so no smoke alarms or sprinkler systems set up the fire took place on the fourth floor and spread rapidly. Someone wanted to close it down years ago this building yeah. I immediately its a fire at this point with everything
C before we say or do anything else today i want to pause to extend our thoughts and our prayers for the wellbeing of with scalise and our colleagues. Police and staff who were attacked by gunman this morning in virginia. Several members of this committee were there. This is a sad day for our country. We still dont have all the details but we do know that there are those who want to use acts of violence to create chaos , to disrupt our democracy. The American People will not let them when. So after deliberation with the Ranking Member, we have decided to proceed. The secretary has a very challenging schedule. Given the circumstances of the delayed start of our hearing, i want to appeal to members who intend to use less than their full five minutes so that more of our colleagues have a chance to speak and i will be abbreviating my Opening Statement. Today secretary tillerson will testify on the administrations budget and reorganization plans for the department of state. First off mr. Se
The men and women that not only protect us, but all across this country, protect not only communities across the country, but men and women around the world protecting who we are. You know, i have stated this previously in committee. A world led by American Leadership is a better world and we can see that if we look back on the second half of the 20th century and the post world order. American leadership, leading with our values, with our morals has created a better world and most around the world recognize that. Thats really been predicated on a Foreign Policy plaink that s has plank that has three legs. Certainly our defense, but also development and diplomacy. And my concern with this budget is it cuts off two of those legs on that stool. That stool is going to collapse. It devastates the diplomacy and development budget. I know its not your budget, mr. Secretary. But as members of congress who have a responsibility for setting priorities, et cetera, i have grave concerns and can ta
The men and women that not only protect us, but all across this country, protect not only communities across the country, but men and women around the world protecting who we are. You know, i have stated this previously in committee. A world led by American Leadership is a better world and we can see that if we look back on the second half of the 20th century and the post world order. American leadership, leading with our values, with our morals has created a better world and most around the world recognize that. Thats really been predicated on a Foreign Policy plaink that s has plank that has three legs. Certainly our defense, but also development and diplomacy. And my concern with this budget is it cuts off two of those legs on that stool. That stool is going to collapse. It devastates the diplomacy and development budget. I know its not your budget, mr. Secretary. But as members of congress who have a responsibility for setting priorities, et cetera, i have grave concerns and can ta