The dow, s p and nasdaq all now negative for 2018. Thank you for being with us tonight, everybody lets begin with guy adami guy, after a week of reckoning for stocks we are left with a hard question. Is this a healthy run of the mill correction . Or the start of something bigger, perhaps a bear market . Because i can say that thousandpoint drops have really never happened in the market unless we have a serious, serious issue. We have never been this high. To tims point. And you know this, yes, at 27 n. O. W. In the dow 1,000 points is obviously different than at 15,000 in the dow. Obviously it creates headlines because it is a significant number for context, though, the levels where we are now in the s p and the dow jones is where we were at thanksgiving. At thanksgiving everybody was talking about how great the market was number one, im not dismissing whats going on. What i think is happening here, clear of what everybody has said, volatility has taken over. Stocks have become Collate
It has got for Sports Companies later this hour. Have a look at where european equities are trading right now. We are under 30 minutes away from the end of the wednesday session. Stocks are rising for a consecutive fifth day, the best run since september 12, the highest run for the stoxx 600 since july 19. All of these currencies falling against the dollar, bond yields gaining. Some Corporate News to tell you h utility fortum could turn into europes biggest acquisition. For a deal were e. On the offer of 22 euros per share of all unit per investors. Niper is thebuy upi biggest plan since germany split their utilities in 2016. Shares are down one half of 1 . A tough month for precious metals. Buying as little as. 71 ounce of gold on tuesday. That is the least going back to 1987. Taking a hit for diesel cars is compounding the impact for the diverting and diverting some investors from metals. That is the focus of that chart. More thanrst time in a year, local currency and egyptian bonds
130 in the clear, pushing over 206 in the next 20 minutes or halfhour. Thats it, once we past there, theres not much else to talk about. Later this afternoon were looking at cloudy skies and peeks of sunshine and this, cooler temperatures this is a whole lot better, a pair of 5s in allentown. 62 in philadelphia, a nice breeze out of the east northeast, cape may, 61. In the poconos ten cooler, 51 up there. Forecast for today, once the leftover showers pull through, the rest of the way, clouds and sun, much cooler and less humid, highs in the up upper 60s and close to 70. Rain in the week ahead. A man and woman with shot n the parking lot of a club in kensington in the vip afterhours club on 3500 block of istreet. People got into an argument that dispute spilled into the parking lot, shots were fired, crews took the victims to temple hospital with gunshot injuries to their backs. No arrests have been made. In kensington the search continues for two men who fired shots in residential area
Solarcity official. Look inside the deal, plus, what elon musk has to said. And china urging with didi. Under the deal, theyll invest a billion. What it means for ride sharing competition. First up into the first trading session of august, s p looking to host its sixth monthly gain with a dow aiming for a sevenmonth win streak. Crude in yul, wti turn nd the worst month of the year, then goldman downgrading. The firm says ek pensive valuations and poor growth are to blame. We know they have not trusted this rally. No. Flat. And yet at the same time, its been a rotational strength. Technology was really strong last month. Now, i dont know if people realize how unusual that is. Technology is historically weak during the summer. You simply do not get the kinds of gains we got. European is supposed to go away. Look at what happened last week. Takeovers, unbelievable numbers from a bunch of the real big cap stocks. Semiconductor consolidation continues. Yes, its possible stocks do new york c
Good afternoon today is to thursday, february 4, 2016, 1 30 the afternoon prairie march mime our clerk is alicia and todays meeting is broadcast by sfgovtv phil jackson and leo m could you share our announcements and call the roll. Electronic devices. Completed speaker cards and documents to be included should be submitted to the clerk. On roll call commissioner avalos commissioners, any questions or comments . Commissioner crews commissioner mar mr. Chair we have quorum madam clerk. Approval the pins from the december 11th with the publicity safety and Neighborhood Committee and colleagues, any questions or comments any member of the public want to comment seeing none, Public Comment is closed. And if we have a motion to approve the minutes motion doesnt chair mar and second is he commissioner campos well take that without objection. Election of the chairperson and vice chair person for 2016. Okay. Well, lets role the today is im open to being continuing as chair and but willing to su