Weekend pushing back. The president releasing the video calling the investigation into his administration the single greatest scam of politics. President trump shook down a foreign leader of his own political gain and covered it up. We have the latest live from the white house. It is saturday night live returns from its long summer break with the full cast of political characters and a new one. Woody harrelson as joe biden. Well give you a look. Later a sunday sitdown with tony, grammy, ben plat on starring with Gwyneth Paltrow on the much talked about Netflix Series of politician and dear evan hansen. I think we saw the sob that happens every single night. A sit down with plat. A july telephone conversation with the president of ukraine compel nancy pelosi to come out to support an impeachment inquiry. According to our latest nbc news count 225 of 235 House Democrats now support some form of impeachment action. Nbcs hans nichols is at the who i say for us. The president was up late la
Yesterday. The nasdaq down less than 4 wiping out all of this years gains for the dow, the s p and the nasdaq just holding on to positive territory it wont be if this is anything to go by at the open we are down 434 points for the dow. The s p is down 28 the nasdaq down 23 points. We have higher volume yesterday. 8. 6 billion shares raided. 50day moving average 5. 7. We saw vix spike very much at the end of the session so every everiedy kate y edindi risk off indicator lets look at the tenyear treasury note. Rising yields over the coarurseo the move has been a spark for this selloff we saw yields come back a bit yesterday, right at the end of that chart 2. 85 or so at the peak last week the trend in yields is sill intact rising yields over the course of this year. The trend in equities is no longer intact. We have pulled back away from those highs. Full Team Coverage of this Global Market selloff. Dominic chu is with us in the u. S. , Steve Sedgwick is in london lets go to Nancy Hunger
Yields our top story is the u. S. Stock market officially falling into correction territory in yesterdays session. The dow was down by 1033 points. Thats a huge drop weve seen one earlier this week as a result were on pace for the worst week since 2008. The nasdaq was off by 275 points since the slide began back on january 26th, nearly 2 2. 5 trillion in market value has been wiped out from the s p 500. When you look at Global Markets they lost 5 5. 2 trillion over te last two weeks well, you add that up and you look at the u. S. Equity futures, the good news is that things are stabilizing a bit and even turning around after that big decline. Thats not what we saw earlier in the week. Right now it looks like the dow is indicated up by 270 points. If we were to open here, the s p would open up by 33. The selloff we saw yesterday continued in asia. The nikkei was down by 2. 3 . The hang seng was down by more than 3 . The shanghai was down by 4 . European equities in some of the early tra
Trading. Check it out, 40. 21. The last time you saw prices like this it was 2009. March of 2009. We were in the midst of the financial crisis. It was a lack of demand. This time around its not just a lack of demand for slowing economies like china but also massive amounts of supply. Well talk a lot more about whats happening to wti but right now barely holding on at 40 dh 40 dhr 40. 21. The shanghai composite closing down by more than 3 and in europe greece making a 3. 5 million payment to the ecb on a maturing government bond. Athens using money from the latest bailout. Back here in the states a few economic report of note, weekly jobless claims at 8 30 a. M. Eastern time and then at 10 00 existing home sales. We got a couple of other big stories in focus right now. Of course the fed is on our mine. Yesterdays release of the minutes from the last fomc meeting raising a number of questions about the timing of a possible rate hike. Its the question we talk about virtually every day and
Check out crude oil prices, which went fuderwacken again yesterday, according to mark grant. Wti is up by just 1 , to 46. 36. Brent crude sitting at 44 th49. President trump abruptly fired james comey. Comey learning of the firing while speaking with fbi agents in los angeles. This morning there is bipartisan outrage as congressional members on both sides express concern about the sanctity of the Ongoing Investigation into President Trump and his ties into russia. Eamon javers has more on this continuing to develop story. Good morning. It was a dramatic and Stunning Development last evening as the white house announced that the president fired the fbi director. This is something that caught all of capitol hill by surprise. It caught all of the Law Enforcement community by surprise. It caught the Intelligence Community in washington, d. C. By surprise. Heres what the president of the United States wrote to the fbi director who is conducting an investigation into whether or not officials