The dow futures down 448 points. Down almost 2 . S p better than 2 , nasdaq lower by 225. 2 and a half percent there as well. Strong showing in april despite losses yesterday, the dow, s p 500 posting largest monthly gain in 33 years for month of april. Oil prices are still down this morning sliding again, take a look, this morning more on the impact, low prices and decline in demand are having on big energy. Oil now 39 cents, better than 2 . I will be speaking this morning exxon mobile and chevron will be reporting and we will speak with the ceo of chevy robe coming up. Amazon with jump in sales but seeing profits fall as cost of doing business of the pandemic rises. Could post First Quarterly loss in 25 years. More bombshells, more unsealed documents reveal the fbi was moving to close the investigation of Michael Flynn back in january of 17 before agent peter strzok stepped in to say keep the case open. Flynns Attorney Sidney Powell will join me powell at 8 10 a. M. Eastern on the ef
Laura coats, and this is cnn tonight. Weve got two huge stories tonight that were following, of course right here in the nations capital, our continuing coverage of the state of the Union Address. Meanwhile, another sided country in los angeles, we have breaking news on another major story, in the world of sports. Entertainment, and frankly american culture. Lebron james tonight breaking the record to become the nbas alltime leading scorer. Passing a fellow laker, Kareem Abduljabbar. Once he broke this record the game was actually stopped for the celebration that was certainly do lebron joined on his court by his family, by the man he also passed, Kareem Abduljabbar. And even the nba commissioner, adam silver. In other words, everyone was watching to see whether tonight would be the night that he actually did it. I came into the game, and watch what happened in this really important, powerful moment. Lebron, for the record, hes got it. Hes done it. Lebron james is now the alltime leadi
Evacuate power lunch starts right now for everybody in Southern California, its been a tough couple of days thinking of you guys the jobs data getting a bump to the bottom line. The nasdaq the bigger winner crude oil had been up 2 before it pulled back the rig counts, by the way, are out any minute now health care related. Alexon and celgene and mylan up as well. Another hot stock today, Sage Therapeutics this is on top of yesterdays 70 gain and the ceo will join us in just a couple of moments and steve, no shortage of stuff to talk about today. No. Very excited, brian. Especially with the jobs report. Lets get to it. Its getting to be routine economists say it should slow because of the population growth, theyre right about that part but the job market keeps surprising to the upside nonfarm payrolls up against an estimate of 195,000. October, september revisions not up much. Hourly average wages up just 0. 2 . And the Participation Rate also at 62. 7 Goldman Sachs saying despite the s
S p down 1. 1 , and the russell down 1. 05 . Why . One main reason is china. China devaluing its currency. The dollar strengthening significantly. Oil is down big time, look at that, dollar strength, it takes fewer dollars now to buy a gallon of a barrel of oil at 43. 2, down almost 4 . Brent down almost 3 , gold up just a little bit as you see there about a half percent. Mandy is out but sarah eisen who knows a lot about currencies and china is with us today. Thank goodness youre here. I live for days like this, watching the dow and the impact of china spread across the globe. Bob pisani, anything with any china or Commodity Exposure is getting pummeled. Dow up 240 yesterday, down 240 now. Its a wasted week so far. Put them up, Materials Energy and industrials to the downside. Thats the big losers. Some of the obvious names and their impact from china. We always talk about casinos, wynn 70 of revenues in china, and yum brands 50 of its revenue in china down 5 . Those are the easy ones
Word out. And spiderman is bigger than ever, thanks to the biggest movie format of all, imax. The companys ceo will take us inside the expanding imax empire. All that and much more on cbs this morning saturday, april 12th, 2014. Captioning funded by cbs and welcome to the weekend. We also have a great lineup of guests for you this morning including chef asha gomez will be prepareing dishes from where she grew up. But we begin this half hour with our top story, the terrible highway crash in california. Ten people, half of them High School Students were killed and Dozens Injured what ena fedex big rig crossed the median and smashed into a tour bus. It happened about 100 miles north of sacramento. Teri okita is at the hospital in chico, california, east of the crash site. Good morning, terri. Reporter good morning. Two victims from this tragedy are still being treated here at enlowee men cad center. The good news is theyre being upgraded. Its upending theories of what caused this tragedy.