Domestic economy. Dramatic capital outflows everyone is pulling money out of china. It has been going on all summer but the reaction in the market on the losing of Monetary Policy is amazing. Across all Asset Classes, futures up across the board, a gain of 1. 5 on the nasdaq. Everything is gaining. Looking at the 10 year yield, rising as investors sell debt to buy riskier assets. Take a look at european stocks, up across the board. The dax is up 3 . The rest are following up. If you look at commodities, you see gains in copper right now. You see gains in gold right now. You see gains in oil right now and you see movement and currencies as well, the reaction has been global and swift and dramatic and its been across the board. David lets hear the first word vonnie area with begin with american airlines, the company had a better than expected thirdquarter. Earnings Beat Estimates. Says fuel prices helped. Jack dorsey sharing of wealth as he donates 1 3 his stock to employees at 200 milli
Of ammunition that they carried a what weapons and it seems like this may be suicide by cop. Reporter gonna discuss this at the Cornerstone Mission a round block from the Police Station. Pam a man allegedly started a gunfight with police in South San Francisco earlier new years day appeared in court today for arraignment on five felony charges. 23 your ivan gomez is accused of firing at Police Officers responded to reports of gunfire on first lane. Officers say they were searching the area when gomez fired on them to go mess is charged with two counts of attempted premeditated murder two counts of assault with a semiautomatic handgun and possession of a firearm by a convicted felon. Pam the city of oakland officially has a new mayor libbys should staff was sworn in this afternoon. Reporter would take some video right now and the sweat and swearing in of the new mayor what does happen a few minutes ago. She said that her top priority will be education and safety. She also wants Affordab
Schatzker. Im Stephanie Ruhle, a cosco member actually. Are you . Im. I dont get there very often. Maybe i am not getting my 50 bucks worth. Our guest host for the hour, greg fleming, the president of Morgan Stanleys wealth and Investment Management businesses. No question we need to start with the markets. Clearly there was a lot of volatility last week. Yesterday seen aims seemed a little better but the dow today atdown 106, it was down 150 one point. This is volatility. What does it say to you . One thing i will say is in the Fourth Quarter in particular in 2013, really throughout the year, it was a very strong year in equity markets and volatility was down significantly from 2012, down from 2011. 2013 was a very benign year. May be abnormally benign. There are a few things on the horizon, including the fed and taper and topics we will talk more about. And markets are a little more antsy. When you look at a morning like today, specifically why did features turn as negative as they d