Adp showing private sector jobs up by 200,000 in september, that beats forecasts. So far in q3 the dow and s p are down almost 9 . The nasdaq has fallen about 9. 25 . Im sure you have seen the Global Market cap at twoyear lows, below 60 trillion. 11 trillion lost money. I think its important to point out that there were some huge orders from some large mutual funds at the close yesterday, fiscal year does end for a lot of mutual funds. September 30th, gives you a fuel three months to figure out what to do with the money that you get that they take from capital gains. I think they were a huge part of the problem in the last few days, getting out of strongs. I think a lot of the Fund Managers have turned bearish. I think you get a bounce because the fiscal year is over today and theyre not selling. Thats more important than any piece of data. A lot of discussion about the cash balances being low. As people wanted to exit they had to sell. Right. I think its important. This is a flow of f
Dollar man Richard Madigan what hes putting to work in the Fourth Quarter. And a big hurricane heading to the east coast of the united states. It will certainly bring some rain to the ooebs coast over the next few days. First though, lets check in with mandy at the nyse. Hi. Hi there, tyler. It may be very wet and very sort of gloomy and gray out there on wall street but we have a mini rally going on. Stocks are definitely losing steam though. We might be up by triple digits on the dow, but were well off the highs of the day. We were up 248 appointments at the high. Now up by 110. As for the s p, its gaining by 16 points. The nasdaq also in the green. Lets get more with our good friend bob pisani back from laguna beach. Lucky you. A wonderful time out there. Come back to a hurricane. Is this a worry, sell into rallies mentality thats going on here . Or is there Something Else at play . We had great steam going into the european close and have lost it ever since. Lets look at the s p 50
And the dow will be up big at the opening bell, but with the developments in syria, why isnt gold rallying, too . Its actually a tad lower in price. Look at this, that is now a hurricane and its called joaquin, its going to dump a lot of rain on the eastern seaboard. Yes, this is another big day. Varney company about to begin. Shocking developments in the middle east. Im going to set this up with a timeline, okay . President obama, Vladimir Putin that grim facetoface meeting. That was monday. Putin says hes considering whether to carry out air strikes against isis in syria. Now, just two days later russias parliament has formally approved the use of their troops there, putin has demanded the u. S. Stop overflights in syria and get out of the country. Now, officials tell fox that russian air strikes have started in syria. Joining me on the phone, National Security expert kt mcfarland. Whats wrong with the statement, president obama humiliated and america in retreat. I dont think it goes
Its one, two, three strikes hes out at the Old Ball Game and what the team did to help him. Come on, guys. Its not as easy as it looks. Apparently not. Kind of a helpless yankee fan there, bam oh, well. Oh. Oops. Oh. Oh. Right in the glasses. Oh, my goodness, its a busy wednesday morning. In just a minute kim davis on that secret meeting with the pope. You see her right there and it is a wet day here in new york with a lot more to come. Right to the weather. We begin with that massive storm churning in the atlantic. Joaquin picking up strength as it moves towards the east coast as a hurricane warning is issued this morning for the bahamas. Ginger following its path and this one could be a big problem. Now we have got hurricane joaquin. 75 Miles Per Hour moving southwest at six miles. Lots of warm water. We got hurricane watching and warnings for central and northern bahamas and rip current and advisories from kousle south carolina. Its very slow and moves slowly and could go up to cate
Him. Come on, guys. Its not as easy as it looks. Alrntsly not. Bam. Oh, well. Oh. Oops. Oh. Oh. Right in the glasses. Oh, my goodness, its a busy wednesday morning. In just a minute kim davis on that secret meeting with the pope. You see her right there and it is a wet day here in new york with a lot more to come. Right to the weather. We begin with that massive storm churning in the atlantic. Joaquin picking up strength as it moves towards the east coast as a hurricane warning is issued this morning for the bahamas. Ginger following its path and this one could be a big problem. Right, so max sustained win, 70 Miles Per Hour with joaquin drifting westsouthwest at only six Miles Per Hour. Hurricane warnings for the central and northern bahamas and rip current and advisories from coastal South Carolina to miami. Our confidence is high through friday. Its got hot water. It will develop into a hurricane. Could even become a category 2 through friday into early saturday. After that, things