Ahead. Abigail, a sea of red right now. Day, sharpbearish declines for the dow, s p, 500, this selloff has been pretty sharp and swift today. We have the smallcap index down about 1 . The russell 2000 higher earlier today. Doing a bit of a bearish reversal as tensions with north korea escalate, as scarlet was mentioning, uncertainty around d. C. Lots for investors to contend with today. The major averages on pace with her worst day since the middle of august. No one point, the dow had been on pace for his worst day since the middle of may and that is true for the 10 year yield. The 10 year yield drops, that tells us even bonds are rallying, down nine aces and. Nine basis points. Point, the 10 year yield had its biggest drop since june of last year. Could affect the fed. Either way, this is affecting the Financial Markets and the fact that financials, that the worst to sector on the day. S p 500 Financial Sector down about 2 . These are bigger movers within that sector. Lots of red here
Hurricane irma is a category 4 sthoorm cou storm. The path is still you unseuncer puerto rico and florida are areas of interest. Here are the big corporate stories. United technologies buying Rockwell Collins for 23 billion. Under the deal, rockwell Share Holders will receive 140 per share in cash and stock. Thats an 18 premium to the Closing Price on august 3rd. The Companies Say the Aerospace Systems segment would be combined to create collins Aerospace Systems which would save 5 billion by the fourth year of completion greg hayes will join our colleagues on squawk on the street later this morning that happens at 9 30 a. M. Eastern time. Lego announced plans to lay off 8 of its work force lego reporting a 5 drop in revenue for the first half of the year the company said most of the 1400 job cut also happen s wille end of 2017. And Rovio Entertainment is planning an ipo. The mobile games studio will list shares in helsinki in a move looking to boost growth the Company Finally returned
The lows down 234 right now and its a broad selloff financials are actually the hardest hit. You can see the yield on the tenyear approaching 2 . Investors are piling into safe haven assets like the treasures. Well talk to the ameritrade chief strategist on whether americans are doing buying on the dips. Mohamed elerian on whether geopolitical concerns could get worse and whether the fed could put any further rate hikes on hold as a result. Oh, boy. Right thats on the table right now as well. Lets begin with seema mody here on the floor of whats driving the selloff on wall street today seema . Kelly and bill, the calendar may say its summer, but it certainly feels like fall, a lot of traders reminding me historically september is the worst performing month as traders return to their desk goldman sachs, one of the most heavily traded names, surpassing its 30 day volume average, about 4. 3 million shares have exchanged hands. Its down just about 3. 5 , the second worth of we are forming
Disney. First, stocks having their worst day since august 17. Dow dropping 300 points at the session. Check out the stunning move in the tenyear treasury yield falling to lowest level since day after election. Hovering over 2 . Number of issues weighing on the markets today. North korea, debt ceiling looming and fears a long immigration fight could hurt tax reform. Is this a start of september swoon or once again by the dip. Hurricane as well obviously. I dont mean to be glib. It should have been worse today. Not could have been. I think it should have been worse. Given where weve been. Given how low the vix has been. I think you could have made a excelling argument the market would have been down 30 s p handles and closed on low. Didnt do that again. Not going to say we couldnt see it down again. In the context of today, i dont think it was a terrible thing. You mentioned it was a continued move lower in yields. Now were below in a ten year at 2. 09 rate that had been supported for qu
Baum or our allies will be met with a massive military response, a response both effective and overwhelming. Maria President Trump takes aim at china over its trade ties with north korea appeared to follow up this morning. Global market actions look like this this morning. Tensions rising, futures indicate markets will open lower. Dow industrial down 50 points a quarter of a percent lower. In europe checking averages, checking averages come against acrosstheboard the board, dx and germany 40 right now. In asia overnight, the stocks took a cue from some volatility last week at the end of last week amid the uncertainty and north korea. The nikkei average down as was the kospi. Shanghai in china up a fraction. Hurricane irma, powerful category four storm. States of emergency already declared in the nfl now considering moving the Miami Dolphins opening game. The floodwaters with hot arriving. Houston Police Department honors one of its owner died during the storm. And into a cube on the ai