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Bit of a reversal as they try to figure out what comes next. A lot of people saying this is not a floor but a temporary reprieve. Was talking to david westin earlier about the idea of Financial Markets with a bounce today but i do not know if the political markets have a bounce. You see the Jeremy Corbyn conference. By no means do i feel and all clear. Francine when you speak to traders and market participants, it is very clear that they believe Central Banks will once again step in and that is why we are seeing a little bit of a bounce. Tom can i say quickly how cool it is to have Alan Greenspan one day and mervyn king the next . We are honored. Francine but get to the bloomberg first word news. British Prime Min ....
Delivered. Nicole we are waiting for a live statement from Boris Johnson outside his home in london. I am lauren simonetti. Nicole i am nicole pedallides. Global markets in major selloff mode. Lets check stock market futures, dow futures down 436 points well off of earlier lows overnight where we were down over 700 points. Lauren european markets open sharply lower, the ftse in london is down 5 , the dax in germany down 7 . A steep selloff in europe. It is noting the dax and the cac have been down 10 . Looking at asia, the nikkei in particular in japan down 8 . Shanghai composite in china 1. 3 losses and hong kong and hang saying for print. Korea, cosby 3 of the downside. Nicole the market reaction, oil prices sinking 4 down 2. 14 trading just under 48 a barrel. The worry is a slowdown in Global Growth and then the safe haven of gold rallying, gold prices up 4. 5 to 1318 an oun ....
Threat. Well take you live to the white house as well. David maybe a little politics involved in that. Get back to the markets. Dow bouncing back from fridays 400 point drop. Dropped by proctor gamble, cocacola and you cant forget about the fed. Oil following stocks higher. Phil flynn, fox business contributor has the story from the cme. Ashley webster on the floor of the new york stock exchange. Ashley, was it all fed talk that did it . Pretty much, david. Best news they enter black out period where they cant say anything from september 21st when they start to meet next when they come out from the decision. We dont want to hear from them anymore. Certainly traders here on the floor have been tearing their hair out over the fed for years. Now they say they have no credibility. Certainly markets are paying attention, up 239 on the dow. Look at intraday here. This is the s p finishing up 1 1 2 , but as you mentioned losing 400 points on the dow, last friday and perhaps one of the biggest ....