Week in the futures market. The nasdaq would be down about 10 102 points and this comes after the dow closed in triple digit negative territory yesterday despite a big spike in oil. We did see another negative session in asia. Of course among the big reasons, new Economic Data showing chinas Manufacturing Sector contracted last month. It contracted at the fastest pace in three years. The official number contracting for the First Time Since february. You can see how the Chinese Markets are he reacting to that. Down about 1. 25 but you can see a sharply reaction in hong kong and shen seven which shows chinas higher growth stocks. Meantime, exports from south korea tumbled by the most in six years so that is also effecting the markets here. Shanghai composite was down as much as 5 before recovering to close down 1 thanchts loo. That looks better. We have to switch the percentages. Soon, now, today i think. Instead of arresting people that are selling stocks like in china. Thats first reac
Tyler mathisen off today and mandy at the New York Stock Exchange with bob pisani where, no doubt, its another wild day for equities. If you thought brian was messy, welcome to the first day of september. Currently sitting around session lows down 414 points. Bob, what kind of correlations could you make, maybe differences as well, with whats happening today from last monday . Well, certainly didnt have the selling pressure at important. Thats the important thing. Let me show you the s p 500. Last monday we had waves and waves of sell orders at the open. We did not have that today and i think that contributed to the somewhat orderly though down open. We got down to 2 and have been there and were drifting lower and sitting at the lows for the day. Let me give you headlines about the markets midday and show you what the internals are like. A man who had less selling pressure than last monday but no buying interest today and no bids and thats part of the problem. Buyers have got to get mo
He will join us in just a few minutes. Tylers down at the nyse. But first, breaking news. John harwood, it concerns russia. John joins us from washington. John . Sue, the white house and european union, as they signaled at last weeks nato meeting, have Just Announced deepened sanctions on the natural, energy and defense sectors on russia over the crisis in ukraine. They did that despite the ceasefire agreement that has a Peace Process under way. They indicated that if the Peace Process progresses, those sanctions can be rolled back. But russia has reacted instantly and said that this shows a lack of faith and an undermining of the Peace Process by the United States and the european union, but the United States and its allies believe they need to move forward with these. Of course, the president s got his hands full all over the world including in ukraine where whatever process is going on right now, they have not gotten the russians and the prorussian separatists to stand down in ukrai
Seen in the dow just since yesterdays highs. We talked yesterday about the outside reversal we had and what that meant technically. Art cashin among others really focused on what this has looked like from a trading point of view even as people are arguing about the fundamentals and speaking of which, lets talk about a couple wacky things going on in this marnth. Ket. Well get you all angles covered. Why are mining stocks being routed . How come retail sales look so weak when gas prices are so low . Will europe come to the rescue next week with their version of quantitative easing . And does all of this add up to a global economy, bill thats healthy or in trouble . Let me show you the stock market and then we can talk about oil as well. The dow industrials as we said down 258 right now, a decline of almost 1. 5 . S p down 21 points. Decline of more than 1 at this hour. The nasdaq is doing better than the three. Down 39 points or about 0. 85 at 4622. Show you oil very quickly. Late today
This would help the company or value the Company Rather at up to 163 billion making it the largest ever technology debut in the United States. And joe was reading that story over the weekend about mr. Jack monn in the New York Times. The entire column allocated to the New York Times i spent on alibaba did not see that in the new yorker or something. The New York Times magazine. So it was not in the new yorker. The New York Times is a magazine . You have it in front of you. Thats your copy. I didnt bring that in here. Andrew, i will tell you what i did what struck me is that all of the weird Corporate Structure did make it impossible to list in hong kong, so hay had to come here. They are technically in the cayman islands. Yes. And a 42 profit margin versus amazons 0. You think its a great business. No, because why are you skeptical . Normally because if there was a free market competition, they would go from 41 thats what i mean. A bunch of government officials are owners, too. Yes. Yo