Hello good afternoon just gone for a clock here in moscow you with r. T. International now after wall street suffered its 1st automatic holton trading in more than 2 decades with stocks falling nearly 8 percent World Markets do seem to be slowly recovering today was the biggest collapse in the old price since the ninetys and was triggered by saudi arabia stepping up its price war and in the u. S. The dow plunged more than 2000 points the worst one day point drop ever prompted by Oil Price War that stunned markets around the world we had a huge market event yesterday as a lot of investors repriced out all the shock the crash restart markets the no 2000 point swing on the dow since the scene for what happens today Business News now starting with the crude oil markets as they try to bounce back from their worst day since 100921. Well prices plunged 30 percent of what has been dubbed black monday in the biggest single day for since the 1st iraq war it was sparked by a spat between top crud
Good to have you here. Good to be here. Not so unusual on the first trading day of the year that you would have a reversal of some of the trends you saw last year. Overall stocks were up and now they are down. Individual stocks did very poorly last you and are up today. That is right. Tried to play the counter trade. Time for a big picture. To tell you what is happening right now, we will start with the s p 500. Down about one percent. We were up six percent in 2013. No one wanted to sell them. Today, fine. We put a little bit of the profitability in our park it pocket. This is a surprise. Right now, the yield is 298, about twoyearm high. That is in spite of that her data. Manufacturing, construction, and jobs, all better. It may be the same sort of thing. You take ons down enough and people will buy them. That in turn pushes the yield down. You take hold down far enough and eventually people will buy it. It had the worst year in 12 years. Today, people are buying it. Everything is run
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