Nearly nearly 500 points as recession fears re emerged. Both the S P 500 and the Tech Heavy Nasdaq also closed in the red. The Report Cards of tech Giants Amazon and apple didnt do much to lift the mood either. Our North America Business Correspondent Michelle Fleury has more on what sparked that sell off. Not even arm is on could lift Wall Street out of its function as in the E Commerce Shine fell after reported sales grew 10 to 148 billion. That mark the slowdown from the prior quarter and its forecast further weakening in the months ahead. It wasnt the only take from either her results left investors with a sour taste. Intel stock plunged after the chipmaker said it plans to cut 15,000 jobs and announce disappointing results. And saleS Psychosocial Media Company snap, the only bright spot was our pool which reported solid revenue despite a drop in Iphone Sales. Wall streets jitters started even before Big Tech Earnings came out, the dow fell nearly 500 points after weak economic dat
Joining me now isjoshua mahony, chief Market Analyst at scope market. Asian markets have suffered their worst day in many years this week, spurred by a sharp sell off in Semiconductor Shares and global market contagion. Whats happened so suddenly . Well, we are coming to The End of a back of week that has been massive for markets. Sadly we solved the Bank Of Japan for markets. Sadly we solved the Bank Ofjapan interest for markets. Sadly we solved the Bank Of Japan interest Rates Decision Catch people off guard, raising Interest Rates. That is the same time that we saw the federal Reserve Planning to cut Interest Rates in september. The markets are fearful after the back of a Manufacturing Survey Yesterday that we saw the collapse, that points towards a rough session coming around the corner, at the same time we see Inflation Pressures building within the manufacturing sector. The stories around the japanese market at the moment firmly planted in the reversal we are seeing in terms of t
The growing memorial. Alarming news about the covid Delta Variant. The cdc calling the variant hypertransmissible. The White House preparing to send Surge Response teams to virus hot spots. Tracking severe storms as we come on the air. The Heat Wave in the west now blamed for more than 70 heatrelated deaths. And tropical Storm Elsa gaining strength and moving closer to the u. S. Coast. Rob marciano with the timing and the track. The Supreme Court issues its final decisions of the term. Justices issuing a ruling on arizonas voting restrictions. How the decision could effect challenges to other Voting Laws across the country. News tonight about the massive Fireworks Explosion during a police sting. More than a dozen people hurt. Homes, businesses and cars damaged. The fourth of July Getaway under way tonight. Gas prices at their highest level of the year and climbing. And the former Astronaut Trainee and Aviation Pioneer, after a 60year wait and at the age of 82, shes about to become the
And moments ago, stopping to see the growing memorial. Alarming news about the Covid Dell Tra rit. Petransmsible. Tracking severe storms as we come on the air. The Heat Wave in the west now blamed for more than 70 heatrelated deaths. And Tropical Storm El is a Rob Marciano with the timing and the track. The Supreme Court issues its final decisions of the term. Justices issuing a ruling on arizonas voting restrictions. How the decision could effect challenges tO Other Voting Laws across the country. News tonight about the massive Fireworks Explosion during a police sting. More than a dozen people hurt. Homes, businesses and cars damaged. The fourth of July Getaway under way tonight. Gas prices at their highest level of the year and climbing. And the former Astronaut Trainee and avi pioneer, Af Wait and at the age of 82, shes about to become the oldest person ever to fly into space. Good evening and its great to have you with us on this thursday night. Im linsey davis, in for david. We b
An airing of grievances about biden, china, the economy. He reiterated that moment when he cautiously walked down a ramp at west point. I walked gingerly down. That was on every newscast in the world and i never went down. I never went down on my [ bleep ], i tell you. I wasnt going to fall. I will never forget that ramp. It was like a sheet of ice. It was cold, rainy, and that ramp was long and steep. He even lies about that. Just to our viewers, so they can see the Video Right here. It was not pouring rain, it was funny. I kinspired by his lies republicans still caught in the grips of a man Who Insighted A Mob and perhaps a telling twist, one of the songs playing before he came to the stage, the Theme Song to titanic. Joining me, Paul Begala and David Frum. It is amazing how i didnt know he was such an environmentalist, how hes just recycling, nothing new there. But what is this is an interesting paradox. He is at once pathetic and dangerous, like perhaps a neighbor who is really not