Announcer this is cnbc breaking news. Im Courtney Reagan in this morning. We begin with breaking news. A Global Market sell off under way. Dow futures pointing to a drop of 1300 points at the open but futures have hit their daily limit down across the board. That means stocks could open much lower than whats indicated right now here on the screen you can see the s p 500 is indicated lower by 151 points and the dow by 1300. Bond spark is hitting again. The ten year yield is sitting above half a percent this new record lows were hitting here nearly across the board this morning hovering maybe just above the record lows but look at the 30year bond, under 1 thats happening for the First Time Ever. At 0. 925 . Now all of this is happening as theprice of crude oil has crashed. And that is not an ap exaggeration oil is hitting its lowest levels since 2014 as saudi arabia announces a massive production ramp up and price cut. Crude is now on pace for its worst day since the start of the first g
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Muslims have won the turf war for the control of britains prisons. Plus should britain stop arming israel after three brits were killed in an idf airstrike and the world laughs at humza yousaf yousef, as hes reported to police more times than j. K. Rowling. And ill tackle all of tomorrows newspaper front pages with my panel director of popular conservatives Mark Littlewood , conservatives Mark Littlewood, businessman and activist adam brooks, and author and journalist rebecca riddell, and terrifying scenes from taiwan. Although this man stayed remarkably calm. There he goes. Get ready britain here we go. I expose the rapist, paedophiles and murderers we wont deport. Next. From the gb newsroom at 9 00. Im sophia wenzler your top story this hour. Shadow foreign secretary david lammy says the government should suspend arms sales to israel. If its clear that International Law has been breached. Its after british aid workers john chapman, James Henderson and james kirby were killed when the
Tracking the weather. Steve, we should point out its not going to be a deluge of so. Explain that to us. Its a tricky kind of situation. You will not see a lot of snow out of this system, but just enough to cause a slippery mess because weve seen ground temperatures so cold. And that will be an issue as we go through the day today. Snow has not begun in philadelphia just yet. This is a live look at the Comcast Center looking north and wrest where we still have good visibility and dry conditions. If youre headed out in the next hour or so, you should be okay. But the snow will be moving in across the entire viewing area this morning. We are expecting this to last through tuesday 8 00 a. M. , the first alert that is. The snow will end later on today, but its this onetwo punch of cold and snow that is triggering this first alert and why it lasts so long. We dont usually issue these for this long of amount of time here. So this is a serious situation especially as we get into tonight, thro
Yesterdays record drop played out. This is a time lapse video of what happened with the dow down 200, down 300, down 400 as you got closer to the end of the day, down 1600 points almost at one point by the end of the session, 1,175 point decline. Decline of 4. 6 . This is the biggest point drop in history add it up, the dow traveled 5100 points yesterday down 4. 6 does not rank in the top 12 or 15 declines weve ever seen the biggest decline was october of 1987, a 22 decline this was enough to get peoples attention. The dow and s p lost more than a third of their 2017 gains just during the last two sessions if you were wondering what else was going on behind the scenes, volatility this was the big story volatility is back yesterday we were talking at this time about volatility being up at 17 that was a big deal. By the end of the session it was above 35 for a gain of 115 . This morning you see volatility up once again, another 14 this morning, 4262. Mike santoli, this is something that