Yields our top story is the u. S. Stock market officially falling into correction territory in yesterdays session. The dow was down by 1033 points. Thats a huge drop weve seen one earlier this week as a result were on pace for the worst week since 2008. The nasdaq was off by 275 points since the slide began back on january 26th, nearly 2 2. 5 trillion in market value has been wiped out from the s p 500. When you look at Global Markets they lost 5 5. 2 trillion over te last two weeks well, you add that up and you look at the u. S. Equity futures, the good news is that things are stabilizing a bit and even turning around after that big decline. Thats not what we saw earlier in the week. Right now it looks like the dow is indicated up by 270 points. If we were to open here, the s p would open up by 33. The selloff we saw yesterday continued in asia. The nikkei was down by 2. 3 . The hang seng was down by more than 3 . The shanghai was down by 4 . European equities in some of the early tra
Weve had 24 hours to chew over it, and now the battle really begins over the gop tax bill the draining swamp, uhuh. The swamp creatures are starting to move. The big Sticking Point could be a really tough sell for some republicans. The deduction of state and local taxes. President trumps twitter account deactivated by a departing employee, but twitter statements are now raising more questions than they have answered power lunch starts a little late but right now tyler, youre the braveheart of tv. Were getting those ten seconds back, baby are you with me . I am. Freedom im Brian Sullivan stocks are steady on this jobs day. The dow hit another record high earlier. The dow on track for an eighth straight week of gains, as tyler highlighted. Apple one of the big winners its big in the dow. Get this, investors have now made a 57 return on apple in just a year. Some of your big single stock stories today, starbucks rallying despite an outlook cut because Ceo Kevin Johnson telling us, cnbc, h
The euro stocks. Gold not catching that much of a oilin the commodity rout in david at 8 00 a. M. Eastern time, european leaders begin a twoday summit in brussels. They will discuss security, defense, migration and jobs. At 8 30, we get data for jobless claims in the United States. Powell speaksme on fostering Economic Growth. Later today, the Federal Reserve releases the results of part one of its annual Bank Stress Test coul. Jon Prime Minister may is set to meet eu leaders in brussels for the First Time Since her disastrous election. Expected to outline how britain will treat eu citizens after it leaves the block. Walk us through the orchestrated theater of this particular summit. At this summit, they will be talking about a lot of issues that wont be the main focus. Security obviously is a huge issue for the eu. They are all waiting for theresa may to propose exactly how she plans to deal with eu citizens that live in the you can post march of 2019 the u. K. 2019. Rked of 20 march
Ready to meet to discuss their demands on doha. Good morning, everyone weve got a lot of data to get through. Lets kick things off with the Eurozone Services pmi, that came in at 55. 4 versus a forecast of 54. 7 the may number that was 56. 3, so were seeing a bit of a weakening, but again it is still above forecast when it comes to the may composite sorry, june number, 56. 3 thats higher than forecast. Overall the momentum is still relatively strong. Lets see whether momentum is still going strong in the uk car registration sector. Its not down 4. 8 yearonyear in june to 243,454 units thats according to the smmt and that follows a drop of 8. 5 when it comes to the may print. Once again uk new car registrations down 4. 8 yearonyear in june lets get instant reaction with ant edenhall do these numbers strurprise you after the numbers leading up to the german ele election . We expected car sales to be down this year consumer uncertainty is pretty High Consumer confidence is high. So you wo
Surveillance. I am Francine Lacqua in london. We start with data. It is eurozone pmi figures. They are just below expectations. When you look at the euro area in january, services pmi fell to 53. 6. Economists were forecasting 53. 8. When you look at the manufacturing pmi, it rises to 55. 1. Pointrecast was that 54 eight. Anything above 50 indicates an expansion. Services a little bit below manufacturingbut better than expectations. Lets get straight to the markets to see whether there is a bit of dollareuro movement. The is my picture for markets. Watch out, as always, for the dollar. It has been erasing some of the earlier losses. Emerging stocks are gaining. This is the picture for the european stocks, putting much flat. 1. 2502. D currently a lot of weakness on the turkish lira. The msci world index overall a touch up. We will have plenty more from the markets. First, lets get to the first word news. Here is nejra cehic. Nejra donald trump has pulled the u. S. From the Transpacific