Live from bloomberg studios here in london, i am anna edwards. Lets remind you what an amazing 24 hours it has been. We still have the Chinese Market falling as we said in our headlines. Lets put that into broader context. U. S. Futures, looking ahead to where we are heading in this. Tory perhaps things looking a little bit more positive as we move towards the morning. This is what the futures tell us at this very early stage. It says what we expect to see in the u. S. Market a little bit later on. Theyre in mind that we saw some stubs some substantial selling, the dow jones closing down by 3. 6 . The s p 500 down by 3. 9 . What a roller coaster ride it has been over the last 24 hours. We saw corrections on the s p. That particular index down by 3. 9 on monday. Andes of 7 over two days at one point in the trading day, down more than 10 from their highs in may. Lets put the trading day in the u. S. In some context for you. What yesterdays session meant. Insaw the measure of stress the m
Of this , beatingclimate 108. 3 estimates and expectations. And the estimate was for 102. Francine better than expected. If my calculations are right and they may be wrong part of the survey was done in the first couple days. The for the market rout bef ore the market rout. Expecting to be lower than estimates because of the china factor. But confidence at 108. 3. Manus chinese shares have plunged again. Routteepest fourday since 1996. The markets europe, have rebounded. We have more on that with Caroline Hyde in a moment. We also have richard frost. He is in hong kong. What is behind todays rout . Richard yeah, hi. Fairly astonishing day giving the heaven losses the heavy losses we had. Decline. What appears to have happen is after the government expended so much energy and funds to shore up the market following the rout last month, they seem to have disappeared. Heavyat weve seen is losses with some of the largest companies, including petro china, chinas largest company, which has lo
If just part of that comes back here, thats quite a stimulus, at no cost to taxpayers. Lets get to politics. From President Trump, hes invited philippines duarte, and another surprise, the president has promised on key issues to keep the government running until the end of september. Varney company, about to begin. A live look at capitol hill and the white house and an agreement on funding the government. Its a trillion dollars spending package that would keep the government operating and keeps going through the end of september. Here is what is out of the bill. Here is the compromise. No funding for the border wall. No money for a deportation force. No cuts in funds for sanctuary cities and no cuts to planned parenthood. As we said this is a trump compromise and some will call it a trump cave. Much more on this throughout todays program. Again, were going to say it, there may be a vote on health care this week. President trump says he guarantees you will not lose coverage if you have
Flooding in the spring, but not this. Snow. The same storm drops snow in western kansas and as you might imagine, it caused problems for drivers and pulled down branchs and power lines as well. To stay on top of the weather here and across the country, download our nbc washington app and get alerts sent directly to your phone. Now developing in virginia at this hour, investigators say a fire may have started after a fight between a husband and a wife. First responders found them inside their home with burn injuries. One of them had to be airlifted to the hospital. Deputies say no one else was inside the home. Its unclear how bad the injuries are or how much damage was done inside the home. If you think youre having a case of the mondays, check out the damage in montgomery county. Police say a group of teenagers stomped in the windshields of about three dozen vehicles overnight at an apartment complex in gaithersburg. Thats a mess, pat. Doreen. It was a windshield smasharama. They got t
This may be where we can get cooperation with the russians. And the printers row lit fest continues. Up next, author david kalan talks about modern day philanthropy. Philanthropy. Good afternoon and welcome to the thinking tribune annual lit fest. Id like to. We have a grayhaired approval. I met him in downtown new york city literary regular parties and gatherings that use to invite people, fact brigades and phone brigades before the internet and knew him over the years and went on to work with him when running World Policy Institute and he was at the most National Think tank, we worked closely on a number of projects, so i had the pleasure to read his earlier books, the cheating culture, the moral center, he has written seven of them and i have always been impressed by david because he asks really hard questions. He comes up with an opinion but is very good about seeing both sides and trying to find where things come together and where we can come up with solutions. He is not an ideol