Where they had white a busy day. Gerri willis on the floor of the new york stock exchange. Same there. Phil flynn watching action in gold in chicago on the floor. Gerri, on the floor, take us through the crazy day. Reporter we started down, continued on. You can see by this chart, worst day for stocks since august 23rd. All subpoena 500 stocks traded lower. A decade low for manufacturing. Im not hearing from traders a huge amount of surprise about this. In fact it was surprising in the opposite direction we kept hitting new highs. They were more surprised by the fact that we hit nearly 900 points yesterday and today for the dow. Looking for earnings next couple weeks. That could be negative. Could be a replay of last years third quarter. Well see eps down about 2 yearoveryear. Major averages today, dow down 1. 85 . The s p down similarly, 1. 78. Nasdaq even more so. Look al that. Meanwhile talk about oil, this is an important thing. You see on the screen right there down seven consecut
China. The administration is demanding meaningful reforms. Stockpiles continue to shrink. This could lead to rising tension in the gulf. Shery a quick check of the market close. We saw the s p 500 for the most since may. It was already a pretty fragile session for the market. Tensions. Opolitical then we heard from Jerome Powell and also the st. Louis fed president. Investors did not like what they heard. Check and communication stocks are leading the decline. We are also seeing the nasdaq down 1. 5 . U. S. Futures are not doing much. Lets see how the markets are shaping up. Sophie were looking at a tenuous beginning. These are nudging higher. The yen is looking study. Study. Eady. Steady. Goldman is seeing the silver lining, raising korea and taiwan to market rate. Australia onowered Bank Earnings risks. Stocks are nudging higher. This is head of the argan decision. We are seeing 10 year yield holding steady. The goal rally is taking a bit of a breather. Paul lets check on the first w
Overall he stood up for american , values. One of the nice things about that is we had one of the most peaceful times in modern American History. To get to that, i would go back to rebuilding the Defense Budget to levels proposed by former madetary of defense gates the case that we need to get back to a stronger military. Thank you very much for the question. The next one is coming from judy elliott. The u. S. Still has almost 5000 Nuclear Weapons in its military stockpile and many are on hairtrigger alert. And now, the Obama Administration and the pentagon plan to spend one trillion more dollars on Nuclear Weapons and delivery vehicles. It is going to be very profitable for the private weapons labs and for the pentagon contractors. Do you support this plan . Gov. Walker i think overall, we have to have the capacity to defend ourselves. Unlike when i came of age during the cold war when we thought it was the old soviet union, today, it is not just places like russia and china, but a mi
Overall he stood up for american , values. One of the nice things about that is we had one of the most peaceful times in modern American History. To get to that, i would go back to rebuilding the Defense Budget to levels proposed by former madetary of defense gates the case that we need to get back to a stronger military. Thank you very much for the question. The next one is coming from judy elliott. The u. S. Still has almost 5000 Nuclear Weapons in its military stockpile and many are on hairtrigger alert. And now, the Obama Administration and the pentagon plan to spend one trillion more dollars on Nuclear Weapons and delivery vehicles. It is going to be very profitable for the private weapons labs and for the pentagon contractors. Do you support this plan . Gov. Walker i think overall, we have to have the capacity to defend ourselves. Unlike when i came of age during the cold war when we thought it was the old soviet union, today, it is not just places like russia and china, but a mi
Overall he stood up for american , values. One of the nice things about that is we had one of the most peaceful times in modern American History. To get to that, i would go back to rebuilding the Defense Budget to levels proposed by former madetary of defense gates the case that we need to get back to a stronger military. Thank you very much for the question. The next one is coming from judy elliott. The u. S. Still has almost 5000 Nuclear Weapons in its military stockpile and many are on hairtrigger alert. And now, the Obama Administration and the pentagon plan to spend one trillion more dollars on Nuclear Weapons and delivery vehicles. It is going to be very profitable for the private weapons labs and for the pentagon contractors. Do you support this plan . Gov. Walker i think overall, we have to have the capacity to defend ourselves. Unlike when i came of age during the cold war when we thought it was the old soviet union, today, it is not just places like russia and china, but a mi