bankrupt ris in the coming 12 months. how many, of course, will determine, will be one ingredient in the strength of the economy which the fed chair has to watch. sue, we have talked about this together on television for years. the disconnect of wall street and main street is something a lot of people complain about concerning 237bs s ining financ coverage. absolutely. is it heightened these days, do you think? is there more of a connection anywhere? i m not sure there is more of a connection. i still think that main street and small businesses on main street are still struggling and i think that although the jobless rate has come down to 5%, part of that is because people are discouraged an they aren t looking for jobs or they have a part-time job and they need to do two or three part-time jobs to get back to where they were before or try to be as whole as possible on their salary. and wall street, the market s
at his farm in peabody kansas. he said it took about ten minutes before he finally managed to reel in that guy. look how small that fish is. took him ten minutes with a drone and you can t even keep that. that s catch and release all day. from fishing to wall street. stocks were able to bounce back today. here is sue herrera with a market wrap. good afternoon. and you know they were fishing for bargains today on wall street. here are the closing numbers and how we ll go into tomorrow. the dow jones industrial average gained a whopping 293 points. and nasdaq gained 113 and the s&p 500 about 35. a strong day on wall street today. can a business have a mind? a subconscious. a knack for predicting the future. reflexes faster than the speed of thought. can a business have a spirit?
. developing now, wall street is rebounding. the dow is up 2700 points. today s rally comes after the dow plunged nearly 1500 points during the previous three sessions, its worst three-day drop in history. cnbc s sue herrera joins us live with the whiplash from wall street. explain what we re seeing today, sue. hi, tamron, good to see you. whiplash is the perfect word for what s going on in this market. here s what happened last night. china stepped in and cut interest rates for the second time in two months they ve done that. that s what the market wanted to see. in addition they cut the amount of money the banks have to hold on reserve by a significant percentage, and that basically sent everything into motion in the overnight trading session.
form a bottom. we see a couple of stocks in the green. not many. probably about four in the s&p 500. but the dow jones industrial average is pressured in volatile trading closer to the close. we are 43 minutes from the closing bell on wall street right now and the volatility expected to remain with us for at least a couple of weeks. we are going into september. the fall traditionally is a volatile time for the stock market. september and october traditionally not good months for the stock market. for individual investors, buckle your seat belt. take a step back. make sure you re comfortable with the risk. do not react to what you are seeing in the trading session because they re institutional investors pushing the market lower. back the you. sue, we ll check back with you as we count down to the market. for more and larger global implications, we have david rothkoff and peter navarro.
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