With the hopes of going ahead. The Federal Reserve move made a turnaround. That led to selloff yesterday. Dow industrials down 582 points, nasdaq down 18 and s p lower by 67. Reports that u. S. Airlines are looking into voluntary shut down of passenger flights across the country this morning. We will take about it. Ceo of boeing David Calhoun joined me later this morning on asking for bailout, suspending dividend and foregoing his own pay and shuts down. Im going to have a report for you jpmorgan says theres a trillion dollars wait to go flow waiting to flow into stocks. President Boris Johnson putting people in lockdown and banning meetings of more than 2 people. Take a look at asian markets here. South korea doubling coronavirus package. Kospi index off 8 and a half percent overnight. More bad news on the chinese economy to report. Latest survey from china warning economy could shrink to 10 to 11 . Thats just the First Quarter for china. Take a look at 10year treasury rise and settin
29,297 the close on the dow. Economists are blaming big slowdown on trade pressure and tariffs, what do you say, john . There you go, this is as expected, china was much more vulnerable to imposition of trade war and u. S. Economy, china has a very strong incentive as ambitious as it might be. Dagen one thing i will point out that we have a record in the stock market here in the United States, in the meantime the democrats are trying to remove President Trump from office, we will get to that in a second but there are good numbers coming out of china, the index jump today highest level since 2015, this is probably a better leading indicater than Economic Growth, the wall street journal writes also about this, the price of copper is up more than 7 in the past 2 months, again, industrial metal used around the globe, another bellwether for Global Health and surveys of purchasing managers in the euro zone have shown continued weakness, new export orders have been going up, the market is tel
Had to take a leave from their jobs now the government has agreed to compensate them for their efforts. Welcome to the program the Ukrainian Government and russian back separatists have completed a Prisoner Exchange a swap took place at a checkpoint near the rebel held city of a leaf in the Donetsk Region of Eastern Ukraine the exchange covers all remaining prisoners being held by both sides as hostilities broke out in 2014 it stems from an agreement that russia and ukraine reached earlier this month. A carefully coordinated ron de do in ukraines rebel controlled region. Prisoners include ukrainian riot police accused of firing on protesters in 2014 the controversial swap has angered some activists there but others as a crucial step to improving ties with moscow. Its the 2nd major Prisoner Exchange this year september saw another swap that brought inmates home and foster hope that the war in Eastern Ukraine could soon be over an early victory for ukraines new president. We have agreed
Percent. Nasdaq down 53. Major Market Indices falling better than 1 yesterday, the selloff coming after surprise decline in Manufacturing Activity after the World Trade Organization cut global trade forecast for the year, we told you about that yesterday, joining us hodges capital manager, craig hodge. What did you make of manufacturing data and what do you think that tells us about the economy and the markets. Its obviously not positive, we put all the manufacturing, its only ahird of the economy, we are a service economy, consumer is over 70 , one data p, as we go, the consumer what youre talking about the jobs and payroll, that would be more important as we go along. Maria look at the reaction, we have been talking about manufacturing weakening for a little while, dagen, but the market was sizable decline on this news. Dagen because this index contracted in august and expect today rebound above 50 plus and came much worse than expected, worse than literally every estimate that was o
As the temperatures goes up, the guards are going down. This is the cbs overnight news. Good evening. Im David Begnaud, reporting from odessa, texas. This is the site of the 38th mass killing this year in the United States. And it ended right behind us, as the gunman was headed for a movie theater. When we talk about a mass shooting, we talk about an incident where more than three people have been shot and killed. Cbs news has learned the identity of the suspected gunman. He is 36yearold seth ator, a white male. He is accused of killing sev ii people and wounding 24 others, including 3 officers. Ten new gun laws easing restrictions took affect today in texas. Theres a shooting going on in odessa. Reporter the violent rampage that began on the interstate saturday, started with a traffic stop. State troopers pulled over a man who opened fire on them, with an ar15type assault rifle. And then, he took off. Initially, it was thought that there may have been multiple shooters. And that is be