Bag the dow attempting for a Third Straight interestrate session of gains but between the bulls and the bears as anyones game, the s p 500 and nasdaq on the other hand are little more firmly in the green as you can see, nothing to write home about but there in the green, as big tech and growth stocks, maybe the chip stocks to lead the way higher, nvidia, micro, their higher but not just tech and control, Steel Dynamics claim in the top spots on the s p 500 at this hour. Coming up by the way were going to dig into whats driving the gains in the rejection and rocking the Steel Industry the ceo of spring maker Cleveland Cliffs will join me whether to discuss whether or not he can seal the deal with u. S. Steel, that is a lot of rhyming. The Chinese Markets are reeling today as the countrys property crisis deepens the hang seng deeply more than 1 of chinas top privately run developer, Country Garden holdings failed to make its Interest Payments onto u. S. Dollar bonds. Could turbulence and
released by nashville police direct messages from the school shooter and an arsenal of guns recovered, but the motive for the mass killing remains elusive. a judge orders former vice president mike pence to testify before a federal grand jury investigating donald trump in january. 6th we will tell you what questions. pence will be asked under oath testifying terrifying video into cnn of the moment of fire ripped through a migrant detention center at the us mexico border, killing 38 people. live from cnn center. this is cnn newsroom with rosemary church. and we begin this hour and nashville, tennessee with new developments in the school shooting that left three children and three adults dead. police have released dramatic body cam footage of officers responding to the scene will show you that in just a moment, but first police say the shooter audrey hale, was under a doctor s care for an emotional disorder. and their report that hale had legally purchased seven guns in the pas
Thus, sam beckman freeds testimony is the latest mustsee moment. We will look at the thorny issues over technology between the u. S. And china as President Biden plans to meet with the foreign minister. First, lets get a check on the markets with abigail. Abigail we are looking at a bit of a bearish day. Two down days in a row for the major indexes. What makes it so interesting, these quarters on the surface are not so bad. Metawas pretty good but it is the disappointing for alphabet. Right now in a correction territory, bringing the nasdaq 100 into a correction territory. Meta, the color around the ad spent weighing on shares. You can see the nasdaq 100 since jp morgan reported, it is down pretty sharply. We have another down day and another down month for the nasdaq 100. Big tech getting hit on some of these earnings. Amazon after the bell. The last two weeks, take a look at the losses for some of these names. Alphabet and meta down double digits. Apple is next week. When we put this
Good morning looking to debate debit australia. I am paul allen at the Investment Conference in sydney. We are counting down to asias major market opens. Good evening from new york, i am stare on. The top story this error. U. S. Stocks and treasuries rise as the latest five comments fuel speculation the central bank is headed toward another pause in rate hikes. President biden boastful support and military aid for israel. The combined death toll now approaching 2000. And china is said to be ready to unleash a new round of stimulus. Take a look at how u. S. Features are coming online. 20 early in the session. We have stocks and bonds gaining ground on that commentary coming from a fed official. We have the s p 500 gaining ground for third session. A little bit of a technical rebound. We have the 10 year yield fallen toward that 4. 6 level. A little bit of catching up for treasuries with a global bond round. We are looking ahead to plenty of data including thursday cpi numbers. Not to me
In sydney. Im Annabelle Droulers in hong kong. I am kathleen hays. Conscious sentiment as traders recalibrate rate hike expectations. All major u. S. Indices had their worst months since june. The cleveland fed president makes it clear she does not expect the central bank to cut rates next year. She says they need to be above 4 . Australia holds a economic summit in canberra. Now, august is ending with a whimper rather than a bang. The likelihood of a fed visit pivot is embraced after the jackson hole speech. Jack josh jay powell gave a very hawkish message. Look at the futures. A little rebound here. Not surprising. It was not such a big move, just the totality of all major indices having the worst month since june. The s p down more than 4 in august. Every major asset class fell in august. New york crude is now down about . 71. 88. 84. For the month we had a drop of more than 9 in august. That was the biggest monthly drop since 2020, the start of the pandemic. People are worried abou