Thate seeing signs drillers are fearing a slump in crude prices. Hot property, china june home price data will give us the latest look at how the wider economy is doing. We will break those numbers down for you and 30 minutes. Follow me on twitter. Dont to forget trendingbusiness. Get underway. Ets singapore and malaysia have just come online. , that is theg short of it. It is a very unexciting day so far. We are looking for the next catalyst. Frosty,ns looking multiyear highs for some. Asia mixed. Basically flat on the msci. Blames are quite thin, especially in australia and center 30 thinner. We are looking at the drop in the kiwi dollar. We were looking at gains postturkey into early this morning, then inflation data came out. 5 , but therer is the drop their, a 1. 3 drop. Once the data came out, the a 62 chen chance chance that the central bank could cut rates. As far as the markets are concerned, this is one of the least exciting at the moment. Angie not even a coup will shake thi
Pickup. We got 120 from the First Quarter to the Second Quarter. We are expecting 1. 6 , so there is a little bits of momentum. The chinese have revised their quarter over quarter figure for the First Quarter from quarter from quarter to 1. 2 . Production better than expected in june, six point 2 . We were expecting 5. 9 . It is also better than may, 6 . This was the highest number since march of 6. 8 percent. Retail sales better than expected, 10. 6 . We were expecting 9. 9 . The previous month was 10 . This is the highest for retail sales since december. Retail beat estimates, Industrial Production beat estimates. Urban investment coming below estimates, 9 . To june, up 9 . We were expecting 9. 4 . The previous month was 9. 6 . It is the lowest number since the year 2000, but this is a much larger economy, so you have to look at the base effect of fiscal spending. Fiscal spending in june was up 19. 9 . Wrap thism going to up slightly better than expected. 6. 7 percent growth yearover
Could the major averages end 2015 with double digit gains . Yes, you heard me. Five weeks into the deadline, confusion and delays in switching over to the new chip credit cards creating a golden opportunity for hackers. They are preying. How safe are you. Maybe you should be praying. And is money that is being september by the Federal Reserve and treasury to iraq ending up in hands of terrorists or iranians . First lets check in with with sara. Good afternoon. We start with a stock market in a rally. All three major averages back in the green for the year. Could we be looking at 2015 ending with a dull digit gain . One market bullish strategist thinks so. Everybody is saying were going to flat line into the end of the year. Given where short positions are and how much capital is on the sideline, maybe we have a double digit end up 10 , 12 percent year. A bold call. Is he right . Brad mcmillan joining us. Lee has been right all along, but 10 to 12 sounds aggressive. In eight weeks. So t
The session. Volumei am looking at more than 30 above the 100 day average. We are seeing this broad selling with not too many stocks rising today. Steep declines for averages. , it has been look a downward trajectory for stocks to heavy volume and widespread in terms of selling and also seeing stocks making lower lows. All of that is not necessarily a good sign for how Market Participants are feeling. Take a look at the bloomberg terminal. Worst. Doing the industrials also on the list. A steep declines in the various groups here on concerns about Global Growth. It is stemming from china, but it has affected almost everything else. It has. Energy is not the worst performer today, right . Energy is down to. 5 , not a small decline but not with not the worst. Thank you soetty much. Mark crumpton has more from the news desk. States isunited calling for new penalties against north korea after the isolated nations latest nuclear test, hours after kim jonguns government said it tested a hydro
Nightly Business Report for friday, october 10th. Good evening, everyone, another brutal day of selling on wall street. Not only did the dow turn negative for the year and suffer its third triple digit loss of this week, the nasdaq also had a rare triple digit decline. The main reason here . Semiconductor stocks, Microchip Technology fell after warnings in the industry, featuring a selloff like intel and texas instruments, stocks sold off into the closing bell after another up and down session, the dow lost 115 points, the nasdaq fell 102 points posting its first backtoback 2 decline in three years and the s p down 22 points. So far this month the dow has moved more than 2,000 points just in the last eight trading days. And for the week, the major averages ended for the third low in a week, the nasdaq off by 4. 5 and the s p slipped more than 3 . So what should investors like you do to protect your portfolio in these volatile markets . Sharon epperson has advice from the experts. Hi, t