Reaction to both pieces of news. Abigail very sharp Market Reaction. Very sharp risk. Off Market Reaction major averages lower at this point. Dowling s p 500 down. 5 . The nasdaq down 1 . At session lows when Michael Flynn said he would plead guilty to lying to the fbi and would cooperate on the russian probe, abc reporting he may testify against President Trump. All the major averages down more than 1 , on pace for their worst day since may. Ofhave seen some moderation that selling action as investors try to figure out what this means going forward. It comes down to the u. S. Profit outlook. Investors assess these headlines are not going to affect profit, we could see the moderation continue. Ultimately it will matter whether or not this could perhaps mean President Trump is impeached over the rails policy in any significant way. We see for the nasdaq 100, the fiveday chart, the big selling action on wednesday. It was for no apparent reason. When you see Market Action of that type, it
S p 500 by. 5 . Nasdaq down. 75 , well off the lows it is worth noting. They had been down more than 1 at session lows. All this following the headlines and Michael Flynn did plead guilty to lying to the fbi and is agreeing to cooperate in the russia probe. Abc reporting he may testify against President Trump. The idea President Trump had in fact been connected to the russia contact. If we take a look at the intraday chart of the dow, we see this roller coaster ride up until about 11 00. It had been slightly higher, on pace for a record close. As the headlines crossed we see an absolute nosedive. Session lows down 1. 44 . On pace since the worst day since may. Also true for the s p 500. The russell 2000 down significantly, its worst day since may. A little bit of a moderation as investors trying to figure out with this means and the implications. Right now perhaps the moderating of the selling action suggests there is not enough information to know whether or not it could affect the u.
Fuel extremism. Its a move likely to irritate china. A u. S. Naval aircraft or it visit vietnam in march, the first such port call since the vietnam war ended more than four decades ago. Defense secretary jim mattis and his vietnamese counterpart discussed the matter during mattis trip to hanoi. In the philippines experts warn that a volcano that has been directing for almost two weeks still appears to be swelling with magma under the surface. Thousands of people are staying in emergency shelters of the volcano continues to release streams of lava as high as 1500 feet. Officials are worried the eruption may last months, affecting the education, health him and livelihoods of people in the region. Global news, 24 hours a day, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. This is bloomberg. Scarlet live from bloomberg World Headquarters in new york julie live from bloomberg World Headquarters in new york, im julie hyman. Sca
U. S. And most of the e. U. Its yet to be recognized by serbia russia or china. To stay with us inside stories up next on that. Thirteen russians have been accused of interfering in the us president ial elections to sway the vote in favor of. These indictments do not mention collusion and moscow says the charges are irrelevant but the broader investigation is far from over so what happens next this is inside story. Hello and welcome to the program today with me peter davi russias alleged interference in the twenty sixteen president ial election in the United States is long plagued donald trump since he took office and now a federal grand jury has concluded the russians did play a role on friday thirteen russian nationals and three Russian Companies were indicted for meddling in the president ial Campaign Quotes russia says there is no evidence to support that but the u. S. Special counsel Robert Muller says an attempt was made to sway Public Opinion and to promote republican Donald Tru
Those are the headlines the news continues here on aljazeera after inside story by. Thirteen russians have been accused of interfering in the u. S. President ial election to sway the vote in favor of donald trump these indictments do not mention collusion and moscow says the charges are irrelevant but the broader investigation is far from over so what happens next this is inside story. Hello and welcome to the program today with me peter told me russias alleged interference in the twenty sixteen president ial election in the United States is long plagued donald trump since he took office and now a federal grand jury has concluded the russians did play a role on friday thirteen russian nationals and three Russian Companies were indicted for meddling in the president ial Campaign Quotes russia says there is no evidence to support that but the u. S. Special counsel Robert Muller says an attempt was made to sway Public Opinion and to promote republican Donald Trumps campaign ahead of his d