Stocks fell sharply today as tensions between the worlds two largest economies escalated, days before critical highlevel talks begin and higher tariff rates are scheduled to take effect. Here are closing numbers. The Dow Jones Industrial average 3130134 points to 26164. The nasdaq was down 132 and the s p 500 lid 45. We begin at the New York Stock Exchange and bob pisani. Another tough day of trading. Stocks falling off as optimism falters around the u. S. China trade deal. But ending near the sessionhe lolo. So once again the market are beholden to negotiations. Stock startedower on news the u. S. Would add more Chinese Companies to the export blacklist, then falling further on the word that Trump Administration was considering ways to limit u. S. Investments in china like cutting down on investments made by u. S. Pension funds. Predictably that put pressure on the usual cyclical names, banks and materials and retailers. Been pap and its taken a toll op chip makers, all getting betwee
Recordtying sixth u. S. All around title if that does not impress you, just think about this, she did a double twisting, double summer salt dismount from a balance beam unreal its monday, august 12th and Worldwide Exchange begins right now. Good morning, good afternoon or good evening and welcome from wherever in the world you may be watching im brian sullivan. Happy monday well, at least for now we are seeing a little of the craziness for the recent market moves take a break to start the week, although li will say this, futures are now down they were down 50 points just about 15 minutes ago then we had the headlines about all flights being cancelled out of hong kongs airport and saw futures take a leg down. We lost 75 points like that. You never know whats going to happen the rest of the day in the bond market, bond yields remaining a little steady. The bond yield still on the ten year very, very low at 1. 685 again, this is what you want to watch, 1. 59, 1. 65, the twoten spread that
Least 29 deaths across the eastern seaboard. This is a deadly storm and damage estimates are right now up to 20 billion and could rise. Nearly 8 Million People from the carolinas to ohio, 8 million without power. President obama held a Conference Call with governors and mayors in affected area after declaring several states federal disaster areas. The president canceled all Campaign Events for the third day. Within the past few minutes we got word that the president s travel pool was told to gather at white house, which means the president is going to do something. However, we do not know what that is yet. According to our nbc news team at the white house. And governor romney also canceled rallying today, but he did attend an event in ohio. His campaign describes it as a storm relief event. Ive had the chance to speak with some of the governors in the affected areas, and theyve talked about a lot of people having hard times. I appreciate the fact that people aat dayton got up this morn
Those comments coming up throughout the show. Silicon valley star aaron levie talking about why he is supporting Hillary Clinton, whether his company could be a takeover target. We are continuing to follow Hurricane Matthew causing devastating damage in haiti. We will take you live to florida and georgia to look at how businesses are preparing to weather the storm. Lets look at other industrials getting hammered. Bob pisani tracking the action here on the floor of the exchange. Honeywell is one of the main reasons that the overall market is weak down 8 . We have a Big Industrial like that down 8 on very big volume it weighs on the rest and has been a weight throughout the day. What is the problem . They lowered the 2016 guidance. It talked specifically about problems in the aero space saying foreign defense made the markets more difficult. They specifically talked about business engine sales hurt by soft energy sales and antiluxury campaign in china. This is the first material warning
Matthew is pounding florida. Our Morgan Brennan is live in Daytona Beach this morning. Good morning, morgan. Good morning, guys. Ill tell you its picking up strength here. Weve had some pieces of the building, this hotel were staying in as well as tiles from the roof have been detached and flying off in the wind just a short while ago, weve got a downed lamp post on the ground behind me and water starting to pool on the ground as well. So this is becoming more and more severe. Now, in terms of weve also seen 67mileperhour gusts of wind, i should note. In terms of where Hurricane Matthew is, it is about 45 miles eastsoutheast of Daytona Beach. Its moving about 13 miles per hour, and that means were going to see the worst of the storm begin to play out some time between 10 30 and 11 30 a. M. Eastern here. Meantime, the space coast, which is further south of us, has really been getting the brunt this morning. Youve got Cape Canaveral reporting wind gust of 107 miles per hour. And in nearb