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have both lost their 2018 gains. the dow is now down by 9.2%. the s&p and the nasdaq are in correction territory with the s&p down by 10.2% from its highs and the nasdaq off by 15%. the russell is also in correction territory let s look overnight in asia you can see the nikkei ended down another third of a percentage point stocks in china were stronger. the hang seng closed up by half a percentage point in europe, some early trading taking place, you will see that right now it looks like there are green arrows across the board. these are modest advances given some of the concerns we ve seen over the last couple of sessions right now the dax is up 0.6% the ftse is up by a similar gain the cac is up by 0.30% treasury markets are one to watch, too so many people talking about what the fed will do next. will they raise in december. the ten-year note, 3.077%. the atlanta fed lowered its projections for the fourth quarter to 2.5%. we have mark grant to talk about that look at ....
shocked wall street. she would be fun to watch joins us exclusively to explain why he lashed out. the closing bell starts right now. welcome to the closing bell. let s check in on the market it has been another volatile day. just up right now about 73 points the nasdaq has gone negative down .4% russell 2000 down 1% you have wide swings and market a little bit unsteady we did have that first stage of the big selloff there. down 832 points down 546 that two day chunk almost 400 points so we have almost alternated none of the rallies have held. they have been kind of faded you re not convinced when the buying comes in? not really. it seems as if we haven t quite had that flush if that s what we are needing. let s talk a little more about it we have cassandra here from an investor s point of view long-term holder of stocks is it sending you a message that the tone has changed, that is economy is a little bit unsteady or mostly opportunity? well, as much as it ....
the white house isd expec to make that announcement this evening which would escalate tensions between the world largest economies. ylan mui is following the story. what do we know? reporr: bill, we re expecting the announcement to come at any moment. they have already put out a statement that appears to reveal some details of the plan includin 10% tariffs that would take effect on september 24th. now that does match some of the reporting that we ve done earlier. the group is saying they going to stifle innovation and question whether they arega which companies are going to be hurt the most? usually it s the boeings and caterpillars but what about now with the additional tariffs? it s incredibly broad based. they feel some 6,000 comments from a industr from individuals on the impact of these tariffs. companies like dell, intel, apple warrant about the potential impact on some of the products they use to make their goods. you re also hearing retailers like office ....
you. according to university poll, and nearly six in ten americans disapprove. trace: all of this as congress barrels toward multiple deadlines that could hold up bidens massive social spending package. aishah hasnie live for us here on capitol hill. good afternoon trey sanded jackie, it s quite on capitol hill as congress is out for the week leaving the biden agenda kind of in limbo. the house finally last week synced up with the senate and passed that bipartisan infrastructure bill and it came at a cost. the house is now waiting to pass a bill to back better plan after until after they get the cbo score that s the true cost of legislation. this weight is a move to appease house moderates, but it s taking off some progressives and that s why six squad members voted no for infrastructure and 13 republicans stepped in to help pass the bill. there are caveats to the new deal. the timing is troublesome, and they may not come back for another two weeks. democrats alre ....
welcome to power lunch. i m michelle caruso-cabrera. take a look at community health. 8% moves about 40% of the health care moves are within 1% of at least a 52-week high it s the ipo of the day. shares of altice is up on the first day of trading more on that brian? health care stocks are moving on the senate bill news. you have glaxosmithkline and tenet health care, a hospital operator, up more than 8%. ka kayla tausche has the latest kayla? reporter: the senate bill is a modification of the house bill passed two months ago but has a new name it s called the better care reconciliation act but like the house bill, it moves to repeal all of the affordable care act taxes and mandates there instead replacing them with tax credits. the senate s bill basing those on income instead of based on age. states can waive coverage of essential health benefits but not of pre-existing conditions planned parenthood would be defunded under the senate bill medicaid growth is expecte ....