The dow is now negative for the year. Its accelerated throughout the day and the major averages closed at the lows of the session. All 40 dow stocks finished in the red yesterday. 97 of the s p 500 and 96 of the nasdaq closed lower. All ten of the sectors were down at least 6 . Heavy volume throughout this. We saw 4. 3 billion sharls that were traded on the nyse. More than a billion more than the average. And as for volatility, take a look at the vision. Youre going to see right now that the vision is up about 27 . 16, almost to 17 at this point after these incredibly low volatility rates. We knew that when things changed, they would change in a hurry. Yesterdays selloff means that the dow and the s p had their first monthly decline since january. The dow and the s p dropped nearly 2 in month of july and it doesnt end there, folks. If you take a look at the futures this morning, youll see there are more red arrows. The dow is now indicated to open down by triple digits. A decline of 11
Here in san francisco. The manufacturing. The logistics. We work with Tech Companies and hardware startups. This is in exciting space to be. Back in 2000, you are mr. China. Are you mr. China. For anyone who has been in china, you know very quickly that you know very little about china. I know as little about china today as i did when i went the first day. It is such a big space and so complex. We had fantastic people on the ground who were able to execute. That is what we do. Does it matter if you are mr. China anymore . What has happened over the past decade is that you used to go to china and build one million things. A million routers ipads. Now you can just told one thing. What is happening that is allowing this to change . I dont think it is a geographic thing. I think we track data of our products that moved from production lines right through to the consumers home. We try to replace inventory with data. It is not necessary about making one million things, we just want to make w
We talked earlier about transparency. He had conducted a 16 month secret investigation that people didnt learn about until three or four months ago. Being a cuban, i dont know why the president thinks that by talking to rile castro that they can determine the future of cuba. The future of cuba it belongs the future of cuba belongs to the cuban people. The president announced a policy that is full of misunderstanding and missed conceptions. He read something from the teleprompter that are nonsense, i am sorry to say. When people say that the president wants to reestablish relations with cuba, the United States has had diplomatic relations with cuba since 1977. The American Mission in cuba is the largest islamic omatic nation in cuba and it has been for many years. There are more american diplomats in cuba than canadians or any other. I also said that the notion of saying, is something hasnt worked, we have to do Something Else. The Something Else has to work. Just because something does
Scary forecasts that so many people told us to beware of . Have the analysts changed their tune, or is the rough stuff still to happen . Archrivals, Goldman Sachs making a pretty bold call picking a favorite between gm and ford and then, of course, theres coke and pepsi. Where should you put your money . Were going to talk about that coming up. And mcdonalds is getting a brand new address, but wait until you see who is going to be behind the counter. Tyler is out today. Michelle is at the nyse, and well get downtown to her in just a couple of minutes but first the bull run in housing. Another big number today. This time its the home Builder Sentiment figure. This year kb homes is up 20 year to date. Ryland up 10 and d. R. Norton up 9 . Diana olick live in washington with more details on that. Hi, diana. Reporter yeah, sue, what about the rising Mortgage Rates . I guess the Home Builders dont care so much but skeptics tell me they will. The sentiment numbers first. Home Builder Sentimen
Dagen i love you to a baseball interviews because you love it so much. Connell lets go to nicole petallides. Nicole i love the markets. The Dow Jones Industrials down about 23 points. Number one, the market is overbought here in the near term. Three straight weeks of gains. Also there is a wait and see mode. We will get that testimony. A couple of things also worth noting as we see the dow down 22 points, how that plays into the feds cards. The lowest in two years. You have gotten in earnings. Names like cocacola and ups. You put it all together. Back to you. Dagen some key votes in the senate expected to give way right now. Harry reads Nuclear Option. Connell he wants to vote on some key figures. Regulating businesses around the country. He is threatening to invoke what would be a dramatic change in the rules of the senate. That would include yanking the republicans right to filibuster. This kind of inside baseball back and forth all night long. Especially when you consider both parti