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Wrong that could go wrong for stocks, which is why the dow plunged 225 points. S p plummeted to 1. 43 . The nasdaq knowsdived. To understand what triggers a selloff of this magnitude, you have to recognize this market has multiple enputs and at times, these inputs flash bright red. Today was, indeed, a bright red day. Lets go through the information that the market uses to determine prices on any given day. Because i want you on the same page as me understanding this stuff. First is what we call the macro, thats broad sense of Economic Data that trig ter reaction of the stockmarket and the much bonger bond market. On thursday at 8 30, we get those jobless claims. They were the lowest in six years. Not so fast. Its good for the economy. But its not necessarily good for the stock. What happens when we get good macro news like these jobless rates . Immediately, Interest Rates go ....
Homeowners. New this morning how they used the internet to pick their targets. Revealed in jailhouse interviews. And hot in cleveland. Cavs fans in a frenzy as the greatest basketball player on the planet, lebron james says hes ready to come home. Whats behind the kings move back to the city where he once broke millions of hearts. And who else will be cashing in as all appears to be forgiven. Hey, good morning. Well talk about the sudden turnaround, the emotional turnaround in cleveland where theyre all of a sudden very forgiving. Theyre very excited. Well start with a travelers nightmare. Flying over water in one of the remote spots on earth when the smoke starts to fill the cabin, the pilot comes over the speakers to say the radar is down and need to make an emergency landing. Travelers nightmare. Thats what happened to the passengers on boa united flight 7 from hawaii to guam and landed on Midway Island sheltering inside an old ....
The fight of his life. Attacked during a dip in a lake. I felt its jaw. I felt its teeth. How he managed to fight the shark toothed beast off and the souvenirs to prove it. And good morning. Were going to get to the news in just a moment but first this is a huge day for us here at gma. Paula faris officially joining us as the weekend coang choreograph having been your friend and colleague for three years now, im extremely please youre here. I know sara haines feels the same way. Even Ron Claiborne. Im very excited. Okay. Faris and harris. 15 seconds into the know. We knew that would happen. Im so thrilled to work alongside what i believe to be the best tv team in all of the world. Just not in just in front of the camera but pore all those people working diligently behind the camera and so grateful for this opportunity. This is going to be a fun ride. Were happy to have you. Coming up, a get to know you session with paula looking ba ....
lows since 2009. jobs report helped spark an earlier average. the dow jones industrial average just off its highs. as you can see there, we dropped, oh, maybe 30 points or so. as news came out just prior to 3:00 eastern time that there was a credit event in greece. take a look at the s&p 500. lost maybe three points. we were at 1273 or so. nasdaq also dropped there. put up the s&p 500. that s the key one here. we were at roughly 1273. now as you can see, excuse me, 1373, now at 1371. you see the little drop right there. maria? yeah, we certainly did see a significant move just in the last ten minutes or so, bob. what do you think this reaction is about? given the fact that we know that we had a very strong participation rate. we knew this was successful. and perhaps avoids an official, you know, unwanted default. but a negative reaction in the market. negative. but two points on the s&p 500 is a pretty modest reaction. of course. but look at that chart, bob. all t ....