S p 500 having their worst day since may 17th. So youve got to go back weeks just for even modest declines like that. This morning dow futures indicated up by 15 points. S p futures up by 2 and nasdaq up close to 10. Overnight you did see gains in the chinese markets. Japanese nikkei was flat as well. In europe this morning in some of the early trading there. Lets get a look at whats happening in the u. K. Ahead of the elections tomorrow. Stocks are slightly higher. Up by just under. 2 of a percent. The cac is up. Take a look at the treasury market. This is the one thats been causing so much consternation. The ten year note sitting just above 2. 15 but hovering around this level even though we do expect the fed is likely to raise Interest Rates next week. A lot of people wondering whats going on. Some of the weaker Economic Data including the jobs report leading market watchers to assume that the fed, even if it does raise next week, that it wont do it again in the near future. Lets ta
Also, a Senate Intelligence hearing in an hour. And the retail wreckage continues. Sears is closing even more stores and macys lowered guidance yesterday. Talking about margins. But there might be a bright spot and the name is walmart. Tesla stock hit an all time yesterday and where they might be headed with the model 3. First up, the president has chosen the nominee to be next fbi director as comey gets ready to testify on capitol hill tomorrow. Our eamon javers is in washington. What a day for news. Good morning, eamon. Good morning. So Christopher Wray will be the president s nominee for fbi director one day before the former fbi director james comey is scheduled to testify on capitol hill about his interactions with the president. The president has selected somebody new. Heres the tweet from the president just a few moments ago. He said i will be nominating christopher a. Wray, a man of impeccable credentials to be the new fbi director. Details to follow. What are some of those cre
You could call it perhaps a sigh of relief. At least for now. The stock market, which traded in a narrow range ahead of former fbi director james comeys testimony, rose slightly today when his prepared remarks were released and there appeared to be no smoking gun, although more could come out during the full hearing tomorrow. Mr. Comey recalled a number of meetings and conversations and one where the president said he needs and wants loyalty. His testimony was detailed but it was interpreted by the market at least today as being less damaging than perhaps originally feared. So when all was said and done, the Dow Jones Industrial average added 37 points to 21,173. Nasdaq was up 22 and s p 500 gained three. Capping the gains was an unexpected rise in crude inventories, which sent the price of oil tumbling, its worst oneday performance in three months. Investors are looking to the outcome of the general election in the united kingdom. Wilfred frost is in london for us tonight. Reporter th
With money running over it. Its more of a gradual slope, but we have to stop the downward slope that were on. Its important that we do that. And this is a body that can do that. Congress can do that. We do a war of words around here, this protecting the rich sticks. I dont know of anybody thats trying to protect the rich. The problem comes into the definition of rich. Thats a hard one to explain. And any attempt that looks like that goes back to the sticky word rich, which nobody is trying to protect. I used to be in business. It was one of those i was one of those Small Business men. And i know that at the end of the year the business would show a profit. Unfortunately, we couldnt take the money out of the business if we were going to continue to grow the business. If we were going to put more people on. That meant that we needed to have more product. That meant we have to have more investment in the business. So the money that we could have taken out that showed as profit actually we
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