International demand still strong . Wee well check in with that. Looking forward to both of those interviews. This morning as optimism has faded as bond yields have turned higher once against. The nasdaq, the s p down about half a percent. We were up more than 31 . Were down nearly 6 , and the key number were watching, call that, yes, correction territory. The question is, why . Whats changed . For more we turn to michael santoli. Mike, maybe i mention treasury refunding in early august as a possible catalyst. Obviously its part of the mix. If i boil it down among the asset markets that are testing the they areholds, its not just a level, but a somewhat disorderly selloff in treasuries thats also nonfundamental. Yields going up for, quote, the wrong reasons all of that stuff is in the mix, with the market entering august, where where you had soft landing consensus got pretty cozy. Then when you have energy and the dollar also closing off some of the escape routes, so to speak, i think
David a beautiful shot. One of those lovely drone shots in ass i am i valley simi valley. Im david asman in for stuart varney. He is preparing for the big debate. We are 11 hours away. We have live coverage throughout the show and a little bit of stuart himself later this hour. Stick around for that. To your money. We saw a strong activity on the dow and nasdaq, moments ago the dow negative, its not positive but it is up 25, nasdaq is up where it has been all morning, less than half of 1 . The treasury started up a little bit, come up from where it was. Its the 10 year yield trading at 4. 52. It was down further before and may end a positive for the day. Oil is certainly positive, up to 92. 48 for a barrel. That the jump from where it was last. It dripped down last week if you will excludes the pun. It is going up this week. Bitcoin is up 412. Gary gensler will talk about that, the committee do to start right now inside the beltway, talking more about what he is going to be saying mome
Colleagues buying it . Overnight, a key figure speaking out, urging bob menendez to resign on alert. Dramatic new video showing a crime thats on the rise at gas stations and in parking lots. What drivers need to know caught on camera. How a dispute over curly fries turned messy and violent at this drivethru paying tribute to a beloved star from tvs ncis. And the way things turned out so will i. His remarkable acting and music career spanning generous portions. Later, a change in the Pumpkin Patch. This halloween affecting much of the country and the latest twist in the taylor swift Travis Kelsey romance rumors. Even Bill Belichick is weighing in. From abc new york this is america this morning. Good tuesday morning, everyone. Im andrew dymburt. Good morning to you. Im rhiannon ally. We begin with President Biden stepping into the middle of a high stakes labor dispute in the us auto industry. Today hell make history joining workers on the picket lines in michigan one day before a schedul
History made in michigan. For the first time a sitting president has walked a picket line. President Biden Joining striking autoworkers with a message, you deserve a significant raise. And hunter biden going on offense. Hes suing Rudy Giuliani and his former attorney accusing them of totally annihilating his digital privacy. Only about four days left before the government shuts down and House Speaker Kevin Mckarthy and hard line republicans are no closer to an agreement. We are following these stories and many more all coming in to cnn news central. In a historic move, President Biden is taking sides in the nearly twoweek old United Autoworkers strike. He just became the first sitting president to join the Picket Line Walking with uaw members in wayne county, michigan, outside of gm redistribution center. Uaw president sean fain thanked the president for his inperson support and the president told picketers to stick with it. Listen. Wall street didnt build the country, the middle class
Who are in it for themselves seeking retribution. Ill ask former new Jersey Governor Chris Christie why trump is still dominating the party. Plus, shutdown risk. House wen wens struggle to agree on spending bills and another govern the shutdown is days away. They want to shut the whole place down. It doesnt work. House republicans continue to be in the midst of a civil war. Will Speaker Mccarthy turn to democrats for help . Ill talk to democratic congressman James Clyburn of South Carolina and transportation secretary pete buttigieg, and taking bribes. Democratic senator bob menendez of new jersey resisting calls to resign. The senator and his wife accepted hundreds of thousands of dollars in bribes. Federal agents found gold bars and cash stuffed in envelopes hidden in the senators clothing. How damaging will this be for senate democrats. Joining me for insight and analysis are nbc news chief White House Correspondent peter alexander. Amna nawaz, host of pbs hour. And Leigh Ann Caldwe