Barons. Early data suggests that apple is already selling out of its iphone 6ss in china with wait times up to four weeks. So i think everything this week is going to come down to the fed, isnt it . You think so . Fed, fed, fed . Fed, fed, fed. Roger federer lost last night. Yes, i like that. Youre a big fan. I feel for that fed. Really . I also feel for the other fed. This is going to be a busy week. It is a busy week. A lot of people are saying theyre probably going to do nothing. Their hand has been weakened coming into this. I think it has because of global incentive. For me, that it suself wont bee factor. I think it was very present, they might hold off because of that. I dont think global uncertainty is going to be a factor in their decision. They might not do it this week. Economists think theyre not going to do it this week. Theres been so much turmoil built in over the summer. 20 chance this week. 25, Something Like that. I think its higher than that . Really . Im pretty conf
Tell you about outside the world of business. At least 8 people are dead and five more believed missing after severe flooding yesterday near the utah arizona border. Heavy rain swept away a roadway and these are floods that came up very suddenly. Three people at least have survived the incident. There are at least approximate 13 fires burning right now. Hundreds of homes destroyed. Well have more on both of these developing stories a bit later this morning. First andrew has todays business headlines. Lets get you caught up on the stories this hour. The bank of japan is holding off on expanding its Stimulus Program but warning that a slow down was putting further strains on the economy. Some economists say the boj could ease again next month. Well watch that. Take a look at whats going on with the nikkei closing today marginally up about. 34 . Also we have stocks closing down more than 3. 5 and at a 2. 5 week low, the Global Markets all waiting to hear from the fed on thursday. Thats th
Currently, it is down just slightly, but still the elevated levels hovering at just 26. Last week it hovered at 36 which gave some investors pause. The dow is down about 6 in august. The s p is off just about 5. 5 . The nasdaq is down close to 6 as well. Year to date, though, the nasdaq is actually the only major average that is positive by close to 2 . So far, this year. Certainly, a decidedly different trade for the nasdaq on the year. Biotech, some of the highflying tech is helping that. But a 2 gain can be fixed quickly as volatility continues. If its up 100, are we going to say its unchanged . I mean, its nothing, right . It was basically unchanged. 100 points, lets get the latest out of china. Overnight, the central bank injecting 220 billion. And now beijing abandoning the chinese stock market on largescale share purchases. Instead, the paper says chinese efforts will step up efforts to find and punish those destabilizing the market. The benchmark shanghai composite closing down
Containers at americas ports. Im ali velshi, and this is real money. Hey this is real money. You are the most important part of the show, tell me what is on your mind, by tweeting me or hitting me up on facebook. Americas economic mojo got a major boost today after a stellar report on the jobs market. The Unemployment Rate fell to the lowest level since the recession. The dow jones crossed the 17,000 mark for the first time in history. Well have more on the dow and why it matters or not, if it really does later in the show. But on todays job numbers let me say for once, unemployment fell for the right reason. With Work Force Participation staying constant, a lower jobless rate this time around really signals job gains. The more important figure, though, is the actual number of new jobs that were added to the economy. And it totaled 288,000 in june. That was way above expectations. Figures for april and may were revised upward to 304,000, and 224,000 respectively. June was the fifth str
You are the most important part of the show, tell me what is on your mind, by tweeting me or hitting me up on facebook. Americas economic mojo got a major boost today after a stellar report on the jobs market. The Unemployment Rate fell to the lowest level since the recession. The dow jones crossed the 17,000 mark for the first time in history. Well have more on the dow and why it matters or not, if it really does later in the show. But on todays job numbers let me say for once, unemployment fell for the right reason. With Work Force Participation staying constant, a lower jobless rate this time around really signals job gains. The more important figure, though, is the actual number of new jobs that were added to the economy. And it totaled 288,000 in june. That was way above expectations. Figures for april and may were revised upward to 304,000, and 224,000 respectively. June was the fifth straight month of 200,000plus jobs gained per month. That is a feet that has not been seen since