Dollar to climb. The greenback had slower against all major peers to its worst year and more than a decade. We will bring you some of the key traits. Asian equities, what they had a bumper year. They had hired to yearend. We will bring you the winners and losers from 2017. Lets talk about was going on these markets right now. The cac relations for the idea that we are actually looking to a positive start in europe. Its low volume and not that much of arise. Looking at the s p, theres a slight dip. We will see with the futures deliver. Asian markets are little more mixed. China has come off a little bit and australia has had a soft day. Lets see was happening with the gmm. As you can see, australia down by 3 10 of a percent. The dax did not have a great day yesterday. Chinese well bid. Lets show you was happening in the commodity complex. This could be interesting. Crude, well bid. Of 60 box a barrel. Look for the oil story. Copper, is trading softer this morning. Into thes back austral
Now in bear market territory. Those stocks are down at least 20 in some cases, more than that. All the major averages deeply in the red today. Its i shaping up to be the worst week in the dow, s p and nasdaq in nearly four years. This is serious selling. Lets look at the price of oil breaking below 40 a mark today. Weve been watching this one for some time. Its now down about 20 . Thats a bear market. Thats just this month. Finally, take a look at volatility index. Surging today. Its doubled this month. Its above 25. This is the one we are watching. It was dormant all summer. Today its up above 25. This is the best month it had. All sorts of benchmarks are being set. Exactly. Dow jones industrial average is close to breaking below 16,600, which it did do briefly earlier. We started the week with the vix around 12 and were at 25 now. We have bob doll to break down where he is telling his clients to put their money now. Tech and social stocks getting crushed in this market. Apple one of
Welcome to power lunch. Im michelle carusocabrera. Take a look at Community Health. 8 moves about 40 of the health care moves are within 1 of at least a 52week high its the ipo of the day. Shares of altice is up on the first day of trading more on that brian . Health care stocks are moving on the senate bill news. You have glaxosmithkline and tenet health care, a hospital operator, up more than 8 . Ka Kayla Tausche has the latest kayla . Reporter the senate bill is a modification of the house bill passed two months ago but has a new name its called the Better Care Reconciliation Act but like the house bill, it moves to repeal all of the Affordable Care act taxes and mandates there instead replacing them with tax credits. The senates bill basing those on income instead of based on age. States can waive coverage of essential Health Benefits but not of preexisting conditions planned parenthood would be defunded under the senate bill medicaid growth is expected to slow in 2021 and by 2024,
Providing relief for investors on the idea that u. S. Inventories are not going to keep building in the way they have. We are seeing a bullish reaction for oil, up 2. 5 . Lets take a look at what this looks like on the week. This is a great chart we have, although it is an updated but this is a weekly bart chart in terms of the inventories, the bills and drawdowns. We will have a relatively large draw down here, going right below that line. One of the bigger drawdowns we have seen. A bullish report for oil. Lets take a look at the majors. , letsllish oil report see if it has had a positive effect on stocks. Not so much. , the00, the dow and nasdaq nasdaq down nearly. 9. The tech pullback that started june 9, the last time the nasdaq put in an alltime high, continues, with the nasdaq down nearly 4 from that record high. Piece oftant technology, facebook, amazon, alphabet, all the big internet ames, yesterday, we saw relief rally. The sector is down 7 since then i stuck with the day high
Coach, advanced autoparts and even home depot is on the red and thats dragging the dow down well tell you whats behind these big moves. Four people have left President Trumps Manufacturing Council in the wake of trumps reaction to the deadly violence in charlottesville this weekend. Is it a sign President Trump is losing support from the Business Community in general. And after the bell our friend Mohamed Elerian talks about whether geopolitical tensions and north korea could still be a risk factor. Always look forward to talking to mohammed. Lets take a look at the ugly day for retail Courtney Reagan has all the numbers the numbers, the big numbers, the High Altitude numbers were good, but the stocks are just getting slammed today, courtney. Reporter and i think thats the point, bill. If you look at the stock movement, you may not realized there was actually good in todays retail report, though it wasnt really the case for dicks Sporting Goods. Shares here hitting sevenyear lows after