It was a good day. European markets have been reacting to the day we had on monday and, they are all losing to the tune of lets call it over 2 you can see germany dax have been particularly weak not just yesterday but last week as well. The german what they should be higher than ours, their central bank loves to try to take business. They have not reached those negative rates yeah. Speaking of rates by the way, it is such an enormous concern i guess of our markets as we watch the 10yr hits a 4 and 5 last week on job number on friday we backed off on the yield as you can see that upton pri o price. Oil, that hurts now, on our road map this morning. It starts with the global sell off and the markets around the world. U. S. Futures you saw it pointing to another big day of potential losses with the stock market plunging of just whats driving this decline and what are you doing to protect your portfolio. Well look at whats taking the biggest hits or find any bright spots thats out there it
Coming up on four years in our jersey city location. Tonights event will be taped by cspan. Please turn cell phones offered put them on. After the author speaks or be a short time of question and answer. Our booksellers will help with the signing and we think in advance for your help. Tonight, were going to discuss first class monday octobe october 19th, was the worst time the market fell, almost twice as bad as the worst one in 1929. This shift the foundation of our financial system. In 30 years we havent heeded the lessons. Tonights author, diana is uniquely suited to uncover this after previous books, the wizard of oz, and pretty made up. A writer for the New York Times since 1989, shes an award winner and Pulitzer Prize finalist. Her work has received price for investigative reporting. For honor to know she lives close by. Shes in conversation with other journalists, a columnist for bloomberg whose career and business and sports spanned the New York Times. Please join me in welcomi
Inaugurated on sunday next on the agenda, in france, two rounds of parliamentary elections in june. We should mention the jueuro jumping to sixmonth highs. Youre looking at european markets right now, across the board, they are down. In large part, they had risen, of course, on friday in expectation ever this news. In asia, japan rising 2. 3 overnight. The hang seng was slightly higher. U. S. Equity futures up right right now. Standing basically, marginally down about 23 points. S p 500 call it virtually on the nasdaq off by a point. In corporate news, sources telling cnbc that comcast and Charter Communications plan to announce a Wireless Partnership as soon as today. The partnership is aimed at cutting costs, as well as speeding up entry into the wireless market. As part of the agreement, Neither Company will make any deals in the Wireless World for the next year without the others consent. The move is renewing speculation that the two cable giants could make a play for a wireless ca
Renewed megacaps. Weakness in technology butt a dumper on the rally if financial shares which were hire following the results of the stress test we told you about last night. Today, the dow jones indus average fell 167 points to 21,287. It had been down more than 250 points midday. Nasdaq drod dropped 90 and s p 500 was off 21. Although the pullback may look concerning, it may want be as bad as it appears. Bob pisani explains. It was anything but a breezy summer day for the stock market. The dow plumets as much as 257 points before ending down 167 points. Largely weighed down by apple. But for the moment, this sunt look so much like the start of a broad eer sell off as a healthy rotation. Investors are moving over big tech names like microsoft and apple and google. Theres some reason for that. Bank stocks for example bounced the cap a tall plans of all 34 banks under review in the second round of the bank stress hasnt happen td since 2008. Theyre raising all of the dif depds. Chevron t
It created backlash from both sides of the aisle. I feel very comfortable that justice has been served and that a message has still been sent. David this is Donald Trumps cabinet nominees getting grilled by democrats on capitol hill. We have tom price, scott pruitt, wilbur ross, nikki haley all on the hot seat today, making their case for their confirmmation. How did they fair . Well have Team Coverage taking us through all the details on the big events. Melissa but first, lets check how stocks ended the day. The dow sinking into the close. United health, exxon, verizon and the biggest drags. Phil flynn, watching action in oil and gold from the cme. Lori rothman from the floor of the new york stock exchange. Lori, oil losing big. This darkening shadow over retail sectors. We heard from some retailers about disappointing season. Target had a traffic warning. Looks like four numbers will meet earlier expectations. Target down almost 6 . Dollar tree, macys, jcpenney all down. Macys had pr